SEC 13F Intelligence

Managers / Q1 2025 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$403M
Q1 2025
Positions
116
Filings on Record
30
2019–present window
Filed
May 12, 2025
original filing

Summary

Boston Research & Management Inc reported $403M in U.S.-listed holdings across 116 positions for Q1 2025.

Its largest position, IVV, represents 4.3% of the portfolio.

Compared with Q4 2024, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+4.2%
vs prior filed quarter
Top-10 Concentration
+29.1%
share of reported value
Largest Position
+4.3%
Ishares Core S P 500 Etf
New / Exited
3 / 2
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: 58.5%Other: 27.2%ETP: 14.2%REIT: 0.1%Ltd Part: 0.0%
  • Common Stock · 58.5% · $236M
  • Other · 27.2% · $109M
  • ETP · 14.2% · $57M
  • REIT · 0.1% · $325,000
  • Ltd Part · 0.0% · $83,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Tesla Inc.NEW+1.3K1.3K+$327,000$327,000
AFLAflac, Inc.NEW+1.9K1.9K+$209,000$209,000
Wisconsin Energy Group Inc.NEW+1.9K1.9K+$207,000$207,000
NVDANvidiaADDED+28.1K39.1K+$3M$4M
CVSCVS Health CorpSOLD OUT−33.9K0−$2M$0
QRVOQorvo Inc.SOLD OUT−12.6K0−$877,000$0
Adobe Systems, Inc.ADDED+3.8K11.7K+$954,000$4M
VEUVanguard FTSE All-World Ex-USTRIMMED−2.2K19.1K−$66,000$1M

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

Holdings — Q1 2025

115 positions (from 116 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IVViShares Core S&P 500 ETFhistory →COM4.25%$17M30.5K
2MSFTMicrosoft Corphistory →COM3.91%$16M42.0K
3AAPLApple Inc.history →COM3.12%$13M56.5K
4WMTWal-Mart Storeshistory →COM2.86%$12M131.4K
5Mastercard, Inc.COM2.83%$11M20.8K
6AbbVie Inc.COM2.65%$11M50.9K
7BRK/BBerkshire Hathaway Inc. Classhistory →COM2.52%$10M19.0K
8TSCOTractor Supply Cohistory →COM2.39%$10M175.0K
9Alphabet, Inc. - Class ACOM2.37%$10M61.6K
10Cisco Systems, Inc.COM2.24%$9M145.9K
11J.P. Morgan Chase & Co.COM2.17%$9M35.6K
12FASTFastenal Cohistory →COM2.05%$8M106.7K
13ABTAbbott Laboratorieshistory →COM1.95%$8M59.3K
14Xylem Inc.COM1.92%$8M64.8K
15IJRiShares Core S&P SmallCap ETFhistory →COM1.92%$8M73.8K
16MCDMcDonald's Corphistory →COM1.91%$8M24.7K
17PGProcter & Gamble Cohistory →COM1.86%$8M44.1K
18BNYBank of New York Mellon Corp.history →COM1.84%$7M88.5K
19Linde PLCCOM1.83%$7M15.8K
20GISGeneral Mills Inc Comhistory →COM1.63%$7M109.8K
21AMZNAmazon.com, Inc.history →COM1.63%$7M34.4K
22Exxon Mobil Corp.COM1.58%$6M53.4K
23SNASnap-On Inc.history →COM1.54%$6M18.5K
24CLColgate-Palmolive Companyhistory →COM1.47%$6M63.0K
25ACNAccenture PLChistory →COM1.44%$6M18.6K
26iShares Core MSCI Emerging MktCOM1.41%$6M105.5K
27LHLabcorp Holdingshistory →COM1.41%$6M24.4K
28MRKMerck & Co. Inc.history →COM1.40%$6M62.9K
29KOCoca-Cola Companyhistory →COM1.37%$6M77.0K
30Duke Energy Corp.COM1.35%$5M44.5K
31NEENextera Energy Inc.history →COM1.32%$5M74.8K
32PEPPepsi Co Inchistory →COM1.31%$5M35.1K
33iShares Core MSCI EAFE ETFCOM1.29%$5M68.9K
34D.R. Horton, Inc.COM1.26%$5M40.0K
35LMTLockheed Martin Corphistory →COM1.23%$5M11.1K
36SYYSysco Corphistory →COM1.22%$5M65.7K
37CMCSAComcast Corp Cl A Vtghistory →COM1.21%$5M132.6K
38Verizon CommunicationsCOM1.17%$5M103.7K
39TMOThermo Fisher Scientifichistory →COM1.15%$5M9.3K
40DISWalt Disney Co.history →COM1.14%$5M46.6K
41AMEX Energy Sector SPDRCOM1.12%$5M48.3K
42Adobe Systems, Inc.COM1.12%$4M11.7K
43UPSUnited Parcel Serviceshistory →COM1.08%$4M39.7K
44MDTMedtronic Plchistory →COM1.08%$4M48.5K
45NVDANvidiahistory →COM1.05%$4M39.1K
46IWMiShares Russell 2000 Index Funhistory →COM1.04%$4M21.0K
47CTASCintas Corporationhistory →COM1.03%$4M20.3K
48OMCOmnicom Group Inc Comhistory →COM1.03%$4M49.9K
49SPYSPDR S&P 500 ETFCOM0.99%$4M7.1K
50USBUS BancorpCOM0.98%$4M93.1K
51COPConocoPhillipsCOM0.87%$4M33.5K
52LLYEli Lilly & CoCOM0.86%$3M4.2K
53VTIVanguard Total Stock Market ETCOM0.84%$3M12.4K
54HDHome Depot, Inc.COM0.80%$3M8.8K
55IAUiShares Comex Gold TrustCOM0.73%$3M50.1K
56IJHiShares Core S&P Midcap ETFCOM0.71%$3M48.8K
57iShares iBoxx High Yield CorpCOM0.63%$3M32.3K
58VBVanguard Small-Cap ETFCOM0.56%$2M10.2K
59BBHVanEck Vectors Biotech ETFCOM0.44%$2M11.3K
60SYKStryker CorpCOM0.40%$2M4.4K
61JNJJohnson & JohnsonCOM0.40%$2M9.7K
62IBBiShares Nasdaq Biotechnology ICOM0.38%$2M11.9K
63CVXChevron CorpCOM0.36%$1M8.6K
64ORCLOracle Corp.COM0.35%$1M10.2K
65DIASPDR DJIA ETF TrustCOM0.35%$1M3.4K
66CATCaterpillarCOM0.29%$1M3.5K
67PAYXPaychex, Inc.COM0.29%$1M7.6K
68VEUVanguard FTSE All-World Ex-USCOM0.29%$1M19.1K
69VEAVanguard Developed Markets ETFCOM0.26%$1M21.0K
70VaneckVectors HY Muni ETFCOM0.23%$918,00017.9K
71IBMIntl Business Machines CorpCOM0.20%$799,0003.2K
72Waste Management, Inc.COM0.18%$715,0003.1K
73VWOVanguard Emerging Markets ETFCOM0.17%$681,00015.0K
74YUMYum! Brands Inc.COM0.17%$679,0004.3K
75MMM3M CoCOM0.16%$645,0004.4K
76ITWIllinois Tool WorksCOM0.16%$639,0002.6K
77MRSHMarsh & McLennan Companies, InCOM0.16%$639,0002.6K
78EMREmerson Electric CoCOM0.14%$559,0005.1K
79ADPAutomatic Data Processing, IncCOM0.13%$523,0001.7K
80AORiShares S&P Growth AllocationCOM0.12%$489,0008.5K
81GE AerospaceCOM0.12%$482,0002.4K
82PFFiShares US Preferred StockCOM0.12%$481,00015.7K
83RSPInvesco S&P 500 Equal WeightCOM0.12%$475,0002.7K
84QCOMQualcomm, Inc.COM0.11%$463,0003.0K
85SOSouthern CoCOM0.11%$433,0004.7K
86AGGiShares Core Total US Bond MarCOM0.11%$432,0004.4K
87KMBKimberly-Clark CorpCOM0.11%$430,0003.0K
88BMYBristol-Myers Squibb CompanyCOM0.10%$406,0006.7K
89PPGPPG IndustriesCOM0.10%$404,0003.7K
90DHRDanaher Corp.COM0.10%$393,0001.9K
91UNHUnitedHealth Group IncCOM0.10%$387,000740
92AMGNAmgen Inc.COM0.10%$385,0001.2K
93PFEPfizer Inc.COM0.09%$380,00015.0K
94Invesco QQQ Trust Series 1COM0.09%$368,000785
95Tesla Inc.COM0.08%$327,0001.3K
96BXPBoston Properties, Inc.COM0.08%$325,0004.8K
97GPCGenuine PartsCOM0.07%$284,0002.4K
98MASMasco CorpCOM0.07%$278,0004.0K
99COSTCostco Whsl Corp New ComCOM0.07%$274,000290
100IXNiShares S&P Global Tech SectorCOM0.07%$272,0003.6K

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 ↗.