SEC 13F Intelligence

Managers / Q4 2024 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$407M
Q4 2024
Positions
115
Filings on Record
30
2019–present window
Filed
Feb 12, 2025
original filing

Summary

Boston Research & Management Inc reported $407M in U.S.-listed holdings across 115 positions for Q4 2024.

Its largest position, IVV, represents 4.7% of the portfolio.

Compared with Q3 2024, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+30.1%
share of reported value
Largest Position
+4.7%
Ishares Core S P 500 Etf
New / Exited
3 / 3
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: 58.9%Other: 26.0%ETP: 15.0%REIT: 0.1%Ltd Part: 0.0%
  • Common Stock · 58.9% · $240M
  • Other · 26.0% · $106M
  • ETP · 15.0% · $61M
  • REIT · 0.1% · $360,000
  • Ltd Part · 0.0% · $109,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BABoeing CoNEW+1.3K1.3K+$230,000$230,000
Yum China Holding Inc.NEW+4.3K4.3K+$208,000$208,000
ESBAEmpire St RealtyNEW+10.8K10.8K+$109,000$109,000
TSCOTractor Supply CoADDED+142.5K179.1K−$1M$10M
TXNTexas InstrumentsSOLD OUT−1.1K0−$218,000$0
AFLAflac, Inc.SOLD OUT−1.9K0−$210,000$0
Wisconsin Energy Group Inc.SOLD OUT−2.1K0−$200,000$0
QRVOQorvo Inc.TRIMMED−26.0K12.6K−$3M$877,000

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

Holdings — Q4 2024

114 positions (from 115 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IVViShares Core S&P 500 ETFhistory →COM4.67%$19M32.3K
2MSFTMicrosoft Corphistory →COM4.33%$18M41.9K
3AAPLApple Inc.history →COM3.51%$14M57.1K
4WMTWal-Mart Storeshistory →COM2.97%$12M133.9K
5Alphabet, Inc. - Class ACOM2.89%$12M62.2K
6Mastercard, Inc.COM2.76%$11M21.3K
7TSCOTractor Supply Cohistory →COM2.33%$10M179.1K
8AbbVie Inc.COM2.27%$9M52.1K
9BRK/BBerkshire Hathaway Inc. Classhistory →COM2.18%$9M19.6K
10J.P. Morgan Chase & Co.COM2.17%$9M36.9K
11Cisco Systems, Inc.COM2.15%$9M148.2K
12IJRiShares Core S&P SmallCap ETFhistory →COM2.09%$8M73.8K
13FASTFastenal Cohistory →COM1.90%$8M107.7K
14AMZNAmazon.com, Inc.history →COM1.88%$8M35.0K
15Xylem Inc.COM1.86%$8M65.2K
16PGProcter & Gamble Cohistory →COM1.83%$7M44.5K
17MCDMcDonald's Corphistory →COM1.78%$7M25.0K
18ABTAbbott Laboratorieshistory →COM1.73%$7M62.4K
19BNYBank of New York Mellon Corp.history →COM1.73%$7M91.6K
20GISGeneral Mills Inc Comhistory →COM1.68%$7M107.4K
21Linde PLCCOM1.65%$7M16.0K
22ACNAccenture PLChistory →COM1.60%$7M18.5K
23SNASnap-On Inc.history →COM1.57%$6M18.8K
24MRKMerck & Co. Inc.history →COM1.56%$6M64.1K
25LHLabcorp Holdingshistory →COM1.43%$6M25.3K
26CLColgate-Palmolive Companyhistory →COM1.42%$6M63.8K
27Exxon Mobil Corp.COM1.39%$6M52.7K
28D.R. Horton, Inc.COM1.39%$6M40.5K
29iShares Core MSCI Emerging MktCOM1.35%$5M104.9K
30LMTLockheed Martin Corphistory →COM1.34%$5M11.2K
31NEENextera Energy Inc.history →COM1.31%$5M74.7K
32PEPPepsi Co Inchistory →COM1.30%$5M34.9K
33DISWalt Disney Co.history →COM1.29%$5M47.1K
34UPSUnited Parcel Serviceshistory →COM1.26%$5M40.8K
35SYYSysco Corphistory →COM1.25%$5M66.5K
36Duke Energy Corp.COM1.22%$5M46.0K
37CMCSAComcast Corp Cl A Vtghistory →COM1.21%$5M131.8K
38KOCoca-Cola Companyhistory →COM1.20%$5M78.3K
39iShares Core MSCI EAFE ETFCOM1.19%$5M68.9K
40TMOThermo Fisher Scientifichistory →COM1.19%$5M9.3K
41IWMiShares Russell 2000 Index Funhistory →COM1.14%$5M21.0K
42USBUS Bancorphistory →COM1.11%$5M94.5K
43OMCOmnicom Group Inc Comhistory →COM1.08%$4M51.4K
44Verizon CommunicationsCOM1.05%$4M106.5K
45AMEX Energy Sector SPDRCOM1.04%$4M49.4K
46SPYSPDR S&P 500 ETFhistory →COM1.02%$4M7.1K
47MDTMedtronic PlcCOM1.00%$4M50.9K
48CTASCintas CorporationCOM0.96%$4M21.3K
49VTIVanguard Total Stock Market ETCOM0.88%$4M12.4K
50Adobe Systems, Inc.COM0.87%$4M8.0K
51HDHome Depot, Inc.COM0.84%$3M8.8K
52COPConocoPhillipsCOM0.80%$3M32.8K
53LLYEli Lilly & CoCOM0.79%$3M4.2K
54IJHiShares Core S&P Midcap ETFCOM0.75%$3M49.2K
55iShares iBoxx High Yield CorpCOM0.64%$3M33.1K
56IAUiShares Comex Gold TrustCOM0.61%$2M50.3K
57VBVanguard Small-Cap ETFCOM0.61%$2M10.3K
58BBHVanEck Vectors Biotech ETFCOM0.45%$2M11.7K
59ORCLOracle Corp.COM0.42%$2M10.3K
60IBBiShares Nasdaq Biotechnology ICOM0.41%$2M12.6K
61SYKStryker CorpCOM0.38%$2M4.4K
62CVSCVS Health CorpCOM0.37%$2M33.9K
63NVDANvidiaCOM0.36%$1M11.0K
64DIASPDR DJIA ETF TrustCOM0.35%$1M3.4K
65JNJJohnson & JohnsonCOM0.34%$1M9.7K
66CATCaterpillarCOM0.32%$1M3.5K
67CVXChevron CorpCOM0.31%$1M8.6K
68VEUVanguard FTSE All-World Ex-USCOM0.30%$1M21.3K
69PAYXPaychex, Inc.COM0.26%$1M7.6K
70VEAVanguard Developed Markets ETFCOM0.26%$1M22.0K
71VaneckVectors HY Muni ETFCOM0.24%$992,00019.1K
72QRVOQorvo Inc.COM0.22%$877,00012.6K
73VWOVanguard Emerging Markets ETFCOM0.17%$711,00016.1K
74IBMIntl Business Machines CorpCOM0.17%$706,0003.2K
75ITWIllinois Tool WorksCOM0.16%$654,0002.6K
76EMREmerson Electric CoCOM0.16%$632,0005.1K
77Waste Management, Inc.COM0.15%$623,0003.1K
78YUMYum! Brands Inc.COM0.14%$579,0004.3K
79MMM3M CoCOM0.14%$567,0004.4K
80MRSHMarsh & McLennan Companies, InCOM0.14%$556,0002.6K
81ADPAutomatic Data Processing, IncCOM0.12%$502,0001.7K
82PFFiShares US Preferred StockCOM0.12%$493,00015.7K
83AORiShares S&P Growth AllocationCOM0.12%$484,0008.4K
84RSPInvesco S&P 500 Equal WeightCOM0.12%$472,0002.7K
85QCOMQualcomm, Inc.COM0.11%$463,0003.0K
86PPGPPG IndustriesCOM0.11%$441,0003.7K
87DHRDanaher Corp.COM0.11%$440,0001.9K
88AGGiShares Core Total US Bond MarCOM0.10%$419,0004.3K
89Invesco QQQ Trust Series 1COM0.10%$417,000816
90GE AerospaceCOM0.10%$402,0002.4K
91PFEPfizer Inc.COM0.10%$398,00015.0K
92KMBKimberly-Clark CorpCOM0.10%$397,0003.0K
93SOSouthern CoCOM0.09%$387,0004.7K
94BMYBristol-Myers Squibb CompanyCOM0.09%$376,0006.7K
95UNHUnitedHealth Group IncCOM0.09%$374,000740
96BXPBoston Properties, Inc.COM0.09%$360,0004.8K
97AMGNAmgen Inc.COM0.08%$322,0001.2K
98IWFiShares Russell 1000 Growth InCOM0.08%$310,000772
99IXNiShares S&P Global Tech SectorCOM0.07%$305,0003.6K
100MASMasco CorpCOM0.07%$290,0004.0K

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 ↗.