SEC 13F Intelligence

Managers / Q3 2024 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$426M
Q3 2024
Positions
115
Filings on Record
30
2019–present window
Filed
Nov 12, 2024
original filing

Summary

Boston Research & Management Inc reported $426M in U.S.-listed holdings across 115 positions for Q3 2024.

Its largest position, IVV, represents 4.4% of the portfolio.

Compared with Q2 2024, the fund opened 6 new positions and exited 5.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+28.5%
share of reported value
Largest Position
+4.4%
Ishares Core S P 500 Etf
New / Exited
6 / 5
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: 59.6%Other: 25.8%ETP: 14.5%REIT: 0.1%
  • Common Stock · 59.6% · $254M
  • Other · 25.8% · $110M
  • ETP · 14.5% · $62M
  • REIT · 0.1% · $390,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Adobe Systems, Inc.NEW+7.5K7.5K+$4M$4M
CLXClorox CompanyNEW+1.4K1.4K+$224,000$224,000
AXPAmerican Express CoNEW+800800+$216,000$216,000
Raytheon Technologies CorpNEW+1.8K1.8K+$214,000$214,000
AFLAflac, Inc.NEW+1.9K1.9K+$210,000$210,000
Wisconsin Energy Group Inc.NEW+2.1K2.1K+$200,000$200,000
CTASCintas CorporationADDED+16.3K21.8K+$616,000$4M
INTCIntel CorpSOLD OUT−125.8K0−$4M$0

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

Holdings — Q3 2024

114 positions (from 115 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IVViShares Core S&P 500 ETFhistory →COM4.40%$19M32.5K
2MSFTMicrosoft Corphistory →COM4.25%$18M42.1K
3AAPLApple Inc.history →COM3.15%$13M57.5K
4WMTWal-Mart Storeshistory →COM2.59%$11M136.8K
5TSCOTractor Supply Cohistory →COM2.50%$11M36.6K
6Mastercard, Inc.COM2.49%$11M21.5K
7Alphabet, Inc. - Class ACOM2.45%$10M62.7K
8AbbVie Inc.COM2.42%$10M52.2K
9BRK/BBerkshire Hathaway Inc. Classhistory →COM2.15%$9M19.8K
10Xylem Inc.COM2.08%$9M65.7K
11IJRiShares Core S&P SmallCap ETFhistory →COM2.05%$9M74.7K
12GISGeneral Mills Inc Comhistory →COM1.86%$8M107.4K
13Cisco Systems, Inc.COM1.86%$8M148.7K
14J.P. Morgan Chase & Co.COM1.84%$8M37.1K
15D.R. Horton, Inc.COM1.83%$8M40.8K
16FASTFastenal Cohistory →COM1.81%$8M107.8K
17MCDMcDonald's Corphistory →COM1.80%$8M25.1K
18Linde PLCCOM1.80%$8M16.0K
19PGProcter & Gamble Cohistory →COM1.79%$8M44.1K
20ABTAbbott Laboratorieshistory →COM1.67%$7M62.4K
21MRKMerck & Co. Inc.history →COM1.66%$7M62.3K
22BNYBank of New York Mellon Corp.history →COM1.57%$7M93.3K
23ACNAccenture PLChistory →COM1.54%$7M18.6K
24CLColgate-Palmolive Companyhistory →COM1.54%$7M63.2K
25AMZNAmazon.com, Inc.history →COM1.53%$7M35.1K
26LMTLockheed Martin Corphistory →COM1.53%$7M11.1K
27NEENextera Energy Inc.history →COM1.47%$6M73.9K
28Exxon Mobil Corp.COM1.44%$6M52.4K
29iShares Core MSCI Emerging MktCOM1.40%$6M103.6K
30PEPPepsi Co Inchistory →COM1.37%$6M34.2K
31TMOThermo Fisher Scientifichistory →COM1.35%$6M9.3K
32KOCoca-Cola Companyhistory →COM1.33%$6M78.7K
33LHLabcorp Holdingshistory →COM1.32%$6M25.2K
34CMCSAComcast Corp Cl A Vtghistory →COM1.29%$6M132.0K
35SNASnap-On Inc.history →COM1.28%$5M18.9K
36UPSUnited Parcel Serviceshistory →COM1.27%$5M39.6K
37Duke Energy Corp.COM1.25%$5M46.1K
38iShares Core MSCI EAFE ETFCOM1.23%$5M67.3K
39OMCOmnicom Group Inc Comhistory →COM1.22%$5M50.1K
40SYYSysco Corphistory →COM1.17%$5M63.6K
41IWMiShares Russell 2000 Index Funhistory →COM1.09%$5M21.0K
42Verizon CommunicationsCOM1.08%$5M102.3K
43MDTMedtronic Plchistory →COM1.08%$5M51.0K
44CTASCintas Corporationhistory →COM1.05%$4M21.8K
45DISWalt Disney Co.history →COM1.04%$4M46.2K
46USBUS BancorpCOM1.00%$4M93.0K
47SPYSPDR S&P 500 ETFCOM0.96%$4M7.1K
48AMEX Energy Sector SPDRCOM0.96%$4M46.4K
49QRVOQorvo Inc.COM0.94%$4M38.6K
50CVSCVS Health CorpCOM0.91%$4M61.9K
51Adobe Systems, Inc.COM0.91%$4M7.5K
52LLYEli Lilly & CoCOM0.87%$4M4.2K
53HDHome Depot, Inc.COM0.84%$4M8.8K
54VTIVanguard Total Stock Market ETCOM0.82%$4M12.4K
55COPConocoPhillipsCOM0.81%$3M32.7K
56IJHiShares Core S&P Midcap ETFCOM0.73%$3M49.8K
57iShares iBoxx High Yield CorpCOM0.63%$3M33.4K
58VBVanguard Small-Cap ETFCOM0.59%$3M10.6K
59IAUiShares Comex Gold TrustCOM0.59%$3M50.4K
60BBHVanEck Vectors Biotech ETFCOM0.49%$2M11.7K
61IBBiShares Nasdaq Biotechnology ICOM0.43%$2M12.6K
62ORCLOracle Corp.COM0.41%$2M10.3K
63SYKStryker CorpCOM0.37%$2M4.4K
64JNJJohnson & JohnsonCOM0.37%$2M9.7K
65DIASPDR DJIA ETF TrustCOM0.33%$1M3.4K
66CATCaterpillarCOM0.33%$1M3.5K
67VEUVanguard FTSE All-World Ex-USCOM0.32%$1M21.9K
68NVDANvidiaCOM0.32%$1M11.1K
69CVXChevron CorpCOM0.30%$1M8.6K
70VEAVanguard Developed Markets ETFCOM0.27%$1M22.0K
71PAYXPaychex, Inc.COM0.24%$1M7.6K
72VaneckVectors HY Muni ETFCOM0.24%$1M19.1K
73IBMIntl Business Machines CorpCOM0.23%$980,0004.4K
74VWOVanguard Emerging Markets ETFCOM0.18%$772,00016.1K
75ITWIllinois Tool WorksCOM0.16%$676,0002.6K
76Waste Management, Inc.COM0.15%$641,0003.1K
77YUMYum! Brands Inc.COM0.14%$603,0004.3K
78MMM3M CoCOM0.14%$600,0004.4K
79MRSHMarsh & McLennan Companies, InCOM0.14%$584,0002.6K
80EMREmerson Electric CoCOM0.13%$557,0005.1K
81DHRDanaher Corp.COM0.13%$533,0001.9K
82PFFiShares US Preferred StockCOM0.12%$528,00015.9K
83QCOMQualcomm, Inc.COM0.12%$513,0003.0K
84AORiShares S&P Growth AllocationCOM0.12%$511,0008.6K
85PPGPPG IndustriesCOM0.12%$490,0003.7K
86RSPInvesco S&P 500 Equal WeightCOM0.11%$481,0002.7K
87ADPAutomatic Data Processing, IncCOM0.11%$474,0001.7K
88GE AerospaceCOM0.11%$455,0002.4K
89AGGiShares Core Total US Bond MarCOM0.10%$437,0004.3K
90PFEPfizer Inc.COM0.10%$434,00015.0K
91UNHUnitedHealth Group IncCOM0.10%$432,000740
92KMBKimberly-Clark CorpCOM0.10%$431,0003.0K
93SOSouthern CoCOM0.10%$424,0004.7K
94Invesco QQQ Trust Series 1COM0.09%$402,000825
95AMGNAmgen Inc.COM0.09%$398,0001.2K
96BXPBoston Properties, Inc.COM0.09%$390,0004.8K
97BMYBristol-Myers Squibb CompanyCOM0.08%$344,0006.7K
98MASMasco CorpCOM0.08%$335,0004.0K
99GPCGenuine PartsCOM0.08%$333,0002.4K
100HP Inc.COM0.07%$311,0008.7K

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 ↗.