SEC 13F Intelligence

Managers / Q2 2025 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$418M
Q2 2025
Positions
116
Filings on Record
30
2019–present window
Filed
Aug 12, 2025
original filing

Summary

Boston Research & Management Inc reported $418M in U.S.-listed holdings across 116 positions for Q2 2025.

Its largest position, MSFT, represents 4.9% of the portfolio.

Compared with Q1 2025, the fund opened 4 new positions and exited 4.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+29.8%
share of reported value
Largest Position
+4.9%
Microsoft
New / Exited
4 / 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: 58.3%Other: 27.1%ETP: 14.5%REIT: 0.1%Ltd Part: 0.0%
  • Common Stock · 58.3% · $244M
  • Other · 27.1% · $113M
  • ETP · 14.5% · $61M
  • REIT · 0.1% · $327,000
  • Ltd Part · 0.0% · $84,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GE Vernova IncNEW+600600+$317,000$317,000
WORWorthington Enterprises, Inc.NEW+3.5K3.5K+$222,000$222,000
TXNTexas InstrumentsNEW+1.1K1.1K+$220,000$220,000
GSGoldman Sachs Group ComNEW+300300+$212,000$212,000
Yum China Holding Inc.SOLD OUT−4.3K0−$224,000$0
AFLAflac, Inc.SOLD OUT−1.9K0−$209,000$0
Wisconsin Energy Group Inc.SOLD OUT−1.9K0−$207,000$0
CLXClorox CompanySOLD OUT−1.4K0−$202,000$0

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

Holdings — Q2 2025

115 positions (from 116 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM4.92%$21M41.4K
2IVViShares Core S&P 500 ETFhistory →COM4.40%$18M29.6K
3WMTWal-Mart Storeshistory →COM3.03%$13M129.5K
4AAPLApple Inc.history →COM2.81%$12M57.2K
5Mastercard, Inc.COM2.74%$11M20.4K
6Alphabet, Inc. - Class ACOM2.59%$11M61.5K
7J.P. Morgan Chase & Co.COM2.43%$10M35.1K
8Cisco Systems, Inc.COM2.40%$10M144.8K
9AbbVie Inc.COM2.27%$10M51.2K
10TSCOTractor Supply Cohistory →COM2.23%$9M176.6K
11BRK/BBerkshire Hathaway Inc. Classhistory →COM2.19%$9M18.9K
12FASTFastenal Cohistory →COM2.12%$9M211.3K
13Xylem Inc.COM2.00%$8M64.7K
14IJRiShares Core S&P SmallCap ETFhistory →COM1.99%$8M76.2K
15ABTAbbott Laboratorieshistory →COM1.90%$8M58.4K
16BNYBank of New York Mellon Corphistory →COM1.88%$8M86.5K
17AMZNAmazon.com Inchistory →COM1.83%$8M34.8K
18Linde PLCCOM1.78%$7M15.9K
19MCDMcDonald's Corphistory →COM1.75%$7M25.0K
20PGProcter & Gamble Cohistory →COM1.71%$7M44.8K
21iShares Core MSCI Emerging MktCOM1.54%$6M107.0K
22LHLabcorp Holdingshistory →COM1.52%$6M24.2K
23NVDANvidiahistory →COM1.48%$6M39.2K
24Exxon Mobil Corp.COM1.41%$6M54.8K
25SNASnap-On Inc.history →COM1.41%$6M19.0K
26iShares Core MSCI EAFE ETFCOM1.41%$6M70.5K
27GISGeneral Mills Inc Comhistory →COM1.41%$6M113.5K
28DISWalt Disney Cohistory →COM1.38%$6M46.5K
29CLColgate-Palmolive Companyhistory →COM1.37%$6M62.9K
30ACNAccenture PLChistory →COM1.36%$6M19.1K
31D.R. Horton, Inc.COM1.31%$5M42.4K
32Duke Energy Corp.COM1.29%$5M45.7K
33KOCoca-Cola Companyhistory →COM1.28%$5M75.7K
34NEENextera Energy Inc.history →COM1.28%$5M76.9K
35MRKMerck & Co. Inc.history →COM1.27%$5M67.4K
36LMTLockheed Martin Corphistory →COM1.27%$5M11.5K
37SYYSysco Corphistory →COM1.23%$5M68.2K
38CMCSAComcast Corp Cl A Vtghistory →COM1.17%$5M137.0K
39PEPPepsi Co Inchistory →COM1.15%$5M36.5K
40Verizon CommunicationsCOM1.12%$5M108.0K
41Adobe IncCOM1.10%$5M11.9K
42IWMiShares Russell 2000 Index Funhistory →COM1.08%$5M21.0K
43CTASCintas Corporationhistory →COM1.08%$5M20.3K
44TMOThermo Fisher Scientifichistory →COM1.06%$4M11.0K
45USBUS Bancorphistory →COM1.06%$4M98.0K
46MDTMedtronic Plchistory →COM1.05%$4M50.5K
47SPYSPDR S&P 500 ETFhistory →COM1.05%$4M7.1K
48UPSUnited Parcel Serviceshistory →COM1.03%$4M42.6K
49VTIVanguard Total Stock Market ETCOM0.90%$4M12.4K
50AMEX Energy Sector SPDRCOM0.89%$4M44.0K
51OMCOmnicom Group Inc ComCOM0.86%$4M50.3K
52COPConocoPhillipsCOM0.85%$4M39.6K
53LLYEli Lilly & CoCOM0.78%$3M4.2K
54HDHome Depot, Inc.COM0.77%$3M8.8K
55IJHiShares Core S&P Midcap ETFCOM0.74%$3M50.2K
56IAUiShares Comex Gold TrustCOM0.74%$3M49.9K
57iShares iBoxx High Yield CorpCOM0.61%$3M31.8K
58VBVanguard Small-Cap ETFCOM0.57%$2M10.0K
59ORCLOracle Corp.COM0.52%$2M9.9K
60SYKStryker CorpCOM0.41%$2M4.4K
61BBHVanEck Vectors Biotech ETFCOM0.40%$2M10.8K
62JNJJohnson & JohnsonCOM0.35%$1M9.7K
63IBBiShares Nasdaq Biotechnology ICOM0.35%$1M11.5K
64CATCaterpillarCOM0.33%$1M3.5K
65CVXChevron CorpCOM0.29%$1M8.5K
66VEUVanguard FTSE All-World Ex-USCOM0.29%$1M18.1K
67VEAVanguard Developed Markets ETFCOM0.28%$1M20.2K
68PAYXPaychex, Inc.COM0.26%$1M7.6K
69DIASPDR DJIA ETF TrustCOM0.25%$1M2.4K
70IBMIntl Business Machines CorpCOM0.23%$947,0003.2K
71VaneckVectors HY Muni ETFCOM0.20%$840,00016.7K
72Waste Management, Inc.COM0.17%$707,0003.1K
73VWOVanguard Emerging Markets ETFCOM0.17%$698,00014.1K
74EMREmerson Electric CoCOM0.16%$679,0005.1K
75MMM3M CoCOM0.16%$668,0004.4K
76YUMYum! Brands Inc.COM0.15%$640,0004.3K
77ITWIllinois Tool WorksCOM0.15%$637,0002.6K
78GE AerospaceCOM0.15%$610,0002.4K
79MRSHMarsh & McLennan Companies, InCOM0.14%$572,0002.6K
80RSPInvesco S&P 500 Equal WeightCOM0.13%$561,0003.1K
81ADPAutomatic Data Processing, IncCOM0.12%$502,0001.6K
82QCOMQualcomm, Inc.COM0.11%$480,0003.0K
83AGGiShares Core Total US Bond MarCOM0.11%$466,0004.7K
84Invesco QQQ Trust Series 1COM0.11%$465,000844
85PFFiShares US Preferred StockCOM0.11%$462,00015.1K
86SOSouthern CoCOM0.10%$432,0004.7K
87AORiShares S&P Growth AllocationCOM0.10%$423,0006.9K
88PPGPPG IndustriesCOM0.10%$420,0003.7K
89Tesla Inc.COM0.10%$401,0001.3K
90KMBKimberly-Clark CorpCOM0.09%$390,0003.0K
91DHRDanaher Corp.COM0.09%$378,0001.9K
92PFEPfizer Inc.COM0.09%$364,00015.0K
93AMGNAmgen Inc.COM0.08%$345,0001.2K
94IXNiShares S&P Global Tech SectorCOM0.08%$332,0003.6K
95BXPBoston Properties, Inc.COM0.08%$327,0004.8K
96GE Vernova IncCOM0.08%$317,000600
97BMYBristol-Myers Squibb CompanyCOM0.07%$308,0006.7K
98GPCGenuine PartsCOM0.07%$289,0002.4K
99COSTCostco Whsl Corp New ComCOM0.07%$287,000290
100IWFiShares Russell 1000 Growth InCOM0.07%$273,000643

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 ↗.