SEC 13F Intelligence

Managers / Q2 2024 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

CIK 0001259261 · 40 BEACH STREET, SUITE 200, MANCHESTER, MA, 01944 · 978-526-9700

Reported Value
$395M
Q2 2024
Positions
114
Filings on Record
30
2019–present window
Filed
Aug 13, 2024
original filing

Summary

Boston Research & Management Inc reported $395M in U.S.-listed holdings across 114 positions for Q2 2024.

Its largest position, MSFT, represents 4.8% of the portfolio.

Compared with Q1 2024, the fund opened 2 new positions and exited 4.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+29.0%
share of reported value
Largest Position
+4.8%
Microsoft
New / Exited
2 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $240MQ1 ’19Q2 ’19: $247MQ3 ’19: $253MQ4 ’19: $267MQ1 ’20: $199MQ1 ’20Q2 ’20: $241MQ3 ’20: $256MQ4 ’20: $287MQ1 ’21: $311MQ1 ’21Q2 ’21: $330MQ3 ’21: $336MQ4 ’21: $366MQ1 ’22: $344MQ1 ’22Q2 ’22: $309MQ3 ’22: $294MQ4 ’22: $323MQ1 ’23: $335MQ1 ’23Q2 ’23: $353MQ3 ’23: $338MQ4 ’23: $377MQ1 ’24: $405MQ1 ’24Q2 ’24: $395MQ3 ’24: $426MQ4 ’24: $407MQ1 ’25: $403MQ1 ’25Q2 ’25: $418MQ3 ’25: $453MQ4 ’25: $434MQ1 ’26: $421MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 60.3%Other: 24.9%ETP: 14.7%REIT: 0.1%
  • Common Stock · 60.3% · $239M
  • Other · 24.9% · $98M
  • ETP · 14.7% · $58M
  • REIT · 0.1% · $298,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LHLabcorp HoldingsNEW+24.7K24.7K+$5M$5M
TXNTexas InstrumentsNEW+1.1K1.1K+$206,000$206,000
NVDANvidiaADDED+10.5K11.7K+$388,000$1M
Laboratory CP Amer HldgsSOLD OUT−24.5K0−$5M$0
WORWorthington Enterprises, Inc.SOLD OUT−3.5K0−$217,000$0
ODFLOld Dominion Freight LineSOLD OUT−9800−$214,000$0
CLXClorox CompanySOLD OUT−1.4K0−$210,000$0
MGAMagna International, Inc. Cl AADDED+10.3K66.4K−$271,000$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2024

113 positions (from 114 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM4.82%$19M42.7K
2IVViShares Core S&P 500 ETFhistory →COM4.49%$18M32.5K
3AAPLApple Inc.history →COM3.09%$12M58.0K
4Alphabet, Inc. - Class ACOM2.86%$11M62.1K
5TSCOTractor Supply Cohistory →COM2.48%$10M36.4K
6Mastercard, Inc.COM2.40%$9M21.5K
7WMTWal-Mart Storeshistory →COM2.35%$9M137.4K
8AbbVie Inc.COM2.27%$9M52.4K
9Xylem Inc.COM2.21%$9M64.5K
10BRK/BBerkshire Hathaway Inc. Classhistory →COM2.04%$8M19.9K
11IJRiShares Core S&P SmallCap ETFhistory →COM2.00%$8M74.0K
12MRKMerck & Co. Inc.history →COM1.90%$8M60.8K
13J.P. Morgan Chase & Co.COM1.90%$8M37.1K
14PGProcter & Gamble Cohistory →COM1.83%$7M43.8K
15Linde PLCCOM1.83%$7M16.5K
16Cisco Systems, Inc.COM1.76%$7M146.6K
17GISGeneral Mills Inc Comhistory →COM1.69%$7M105.6K
18AMZNAmazon.com, Inc.history →COM1.68%$7M34.4K
19FASTFastenal Cohistory →COM1.68%$7M105.9K
20ABTAbbott Laboratorieshistory →COM1.63%$6M61.9K
21MCDMcDonald's Corphistory →COM1.61%$6M24.9K
22CLColgate-Palmolive Companyhistory →COM1.54%$6M62.9K
23Exxon Mobil Corp.COM1.49%$6M51.4K
24D.R. Horton, Inc.COM1.47%$6M41.1K
25ACNAccenture PLChistory →COM1.41%$6M18.4K
26BNYBank of New York Mellon Corp.history →COM1.41%$6M93.2K
27iShares Core MSCI Emerging MktCOM1.38%$5M101.9K
28PEPPepsi Co Inchistory →COM1.35%$5M32.5K
29NEENextera Energy Inc.history →COM1.30%$5M72.7K
30LMTLockheed Martin Corphistory →COM1.30%$5M11.0K
31CMCSAComcast Corp Cl A Vtghistory →COM1.28%$5M129.5K
32UPSUnited Parcel Serviceshistory →COM1.28%$5M36.9K
33LHLabcorp Holdingshistory →COM1.27%$5M24.7K
34TMOThermo Fisher Scientifichistory →COM1.27%$5M9.1K
35KOCoca-Cola Companyhistory →COM1.27%$5M78.6K
36SNASnap-On Inc.history →COM1.23%$5M18.5K
37iShares Core MSCI EAFE ETFCOM1.22%$5M66.3K
38DISWalt Disney Co.history →COM1.19%$5M47.5K
39Duke Energy Corp.COM1.16%$5M45.8K
40OMCOmnicom Group Inc Comhistory →COM1.12%$4M49.2K
41SYYSysco Corphistory →COM1.10%$4M60.9K
42QRVOQorvo Inc.history →COM1.09%$4M37.0K
43IWMiShares Russell 2000 Index Funhistory →COM1.08%$4M21.0K
44AMEX Energy Sector SPDRCOM1.07%$4M46.4K
45Verizon CommunicationsCOM1.05%$4M100.2K
46LLYEli Lilly & Cohistory →COM1.01%$4M4.4K
47CVSCVS Health Corphistory →COM1.01%$4M67.8K
48INTCIntel CorpCOM0.98%$4M125.8K
49SPYSPDR S&P 500 ETFCOM0.98%$4M7.1K
50CTASCintas CorporationCOM0.98%$4M5.5K
51MDTMedtronic PlcCOM0.96%$4M48.5K
52USBUS BancorpCOM0.91%$4M90.5K
53COPConocoPhillipsCOM0.89%$4M30.8K
54VTIVanguard Total Stock Market ETCOM0.84%$3M12.4K
55HDHome Depot, Inc.COM0.77%$3M8.8K
56IJHiShares Core S&P Midcap ETFCOM0.73%$3M49.6K
57MGAMagna International, Inc. Cl ACOM0.70%$3M66.4K
58iShares iBoxx High Yield CorpCOM0.65%$3M33.4K
59VBVanguard Small-Cap ETFCOM0.59%$2M10.7K
60IAUiShares Comex Gold TrustCOM0.57%$2M51.5K
61BBHVanEck Vectors Biotech ETFCOM0.53%$2M12.4K
62IBBiShares Nasdaq Biotechnology ICOM0.49%$2M14.2K
63SYKStryker CorpCOM0.37%$1M4.4K
64ORCLOracle Corp.COM0.37%$1M10.3K
65NVDANvidiaCOM0.37%$1M11.7K
66JNJJohnson & JohnsonCOM0.36%$1M9.7K
67CVXChevron CorpCOM0.34%$1M8.6K
68DIASPDR DJIA ETF TrustCOM0.33%$1M3.4K
69VEUVanguard FTSE All-World Ex-USCOM0.32%$1M21.9K
70CATCaterpillarCOM0.30%$1M3.5K
71VEAVanguard Developed Markets ETFCOM0.27%$1M22.0K
72VaneckVectors HY Muni ETFCOM0.27%$1M20.7K
73PAYXPaychex, Inc.COM0.23%$902,0007.6K
74IBMIntl Business Machines CorpCOM0.19%$766,0004.4K
75VWOVanguard Emerging Markets ETFCOM0.18%$706,00016.1K
76Waste Management, Inc.COM0.17%$659,0003.1K
77ITWIllinois Tool WorksCOM0.15%$611,0002.6K
78QCOMQualcomm, Inc.COM0.15%$601,0003.0K
79YUMYum! Brands Inc.COM0.14%$572,0004.3K
80EMREmerson Electric CoCOM0.14%$561,0005.1K
81MRSHMarsh & McLennan Companies, InCOM0.14%$552,0002.6K
82DHRDanaher Corp.COM0.13%$519,0002.1K
83PFFiShares US Preferred StockCOM0.13%$503,00016.0K
84AORiShares S&P Growth AllocationCOM0.12%$481,0008.5K
85Fortrea Holdings IncCOM0.12%$477,00020.5K
86PFEPfizer Inc.COM0.12%$469,00016.8K
87PPGPPG IndustriesCOM0.12%$465,0003.7K
88MMM3M CoCOM0.11%$449,0004.4K
89KMBKimberly-Clark CorpCOM0.11%$426,0003.1K
90RSPInvesco S&P 500 Equal WeightCOM0.11%$424,0002.6K
91AGGiShares Core Total US Bond MarCOM0.10%$415,0004.3K
92ADPAutomatic Data Processing, IncCOM0.10%$409,0001.7K
93AMGNAmgen Inc.COM0.10%$386,0001.2K
94GE AerospaceCOM0.10%$383,0002.4K
95UNHUnitedHealth Group IncCOM0.10%$376,000740
96Invesco QQQ Trust Series 1COM0.09%$375,000783
97SOSouthern CoCOM0.09%$365,0004.7K
98GPCGenuine PartsCOM0.08%$330,0002.4K
99NUENucor CorporationCOM0.08%$306,0001.9K
100HP Inc.COM0.08%$303,0008.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$421M114Apr 10, 202613F-HRchanges · EDGAR ↗
Q4 2025$434M120Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$453M119Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$418M116Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$403M116May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$407M115Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$426M115Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$395M114Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$405M116May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$377M114Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$338M114Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$353M113Aug 1, 202313F-HRchanges · EDGAR ↗
Q1 2023$335M110May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$323M106Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$294M102Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$309M106Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$344M111May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$366M112Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$336M108Nov 10, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2021$330M108Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$311M105May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$287M104Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$256M101Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$241M97Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$199M92May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$267M101Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$253M99Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$247M99Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$240M104May 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.