SEC 13F Intelligence

Managers / Q4 2025 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$434M
Q4 2025
Positions
120
Filings on Record
30
2019–present window
Filed
Feb 11, 2026
original filing

Summary

Boston Research & Management Inc reported $434M in U.S.-listed holdings across 120 positions for Q4 2025.

Its largest position, IVV, represents 5.0% of the portfolio.

Compared with Q3 2025, the fund opened 5 new positions and exited 4.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+31.3%
share of reported value
Largest Position
+5.0%
Ishares Core S P 500 Etf
New / Exited
5 / 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: 56.5%Other: 28.3%ETP: 15.2%REIT: 0.1%Ltd Part: 0.0%
  • Common Stock · 56.5% · $245M
  • Other · 28.3% · $123M
  • ETP · 15.2% · $66M
  • REIT · 0.1% · $327,000
  • Ltd Part · 0.0% · $67,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IYKiShares US Consumer Staples ETNEW+10.5K10.5K+$702,000$702,000
AMATApplied Materials IncNEW+975975+$250,000$250,000
CHRWCH Robinson Worldwide IncNEW+1.4K1.4K+$223,000$223,000
Yum China Holding Inc.NEW+4.4K4.4K+$209,000$209,000
CVSCVS Health CorpNEW+2.5K2.5K+$201,000$201,000
PFFiShares US Preferred StockADDED+17.2K31.2K+$524,000$964,000
BBHVanEck Vectors Biotech ETFSOLD OUT−10.4K0−$2M$0
IBBiShares Nasdaq Biotechnology ISOLD OUT−11.0K0−$2M$0

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

Holdings — Q4 2025

119 positions (from 120 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IVViShares Core S&P 500 ETFhistory →COM5.03%$22M31.8K
2MSFTMicrosoft Corphistory →COM4.37%$19M39.2K
3Alphabet, Inc. - Class ACOM3.76%$16M52.1K
4AAPLApple Inc.history →COM3.36%$15M53.6K
5WMTWal-Mart Storeshistory →COM2.89%$13M112.5K
6AbbVie Inc.COM2.56%$11M48.7K
7Mastercard, Inc.COM2.52%$11M19.1K
8J.P. Morgan Chase & Co.COM2.46%$11M33.1K
9Cisco Systems, Inc.COM2.24%$10M126.3K
10IJRiShares Core S&P SmallCap ETFhistory →COM2.11%$9M76.0K
11BRK/BBerkshire Hathaway Inc. Classhistory →COM2.10%$9M18.1K
12TSCOTractor Supply Cohistory →COM1.92%$8M166.7K
13FASTFastenal Cohistory →COM1.88%$8M202.9K
14Xylem Inc.COM1.81%$8M57.6K
15AMZNAmazon.com Inchistory →COM1.78%$8M33.5K
16BNYBank of New York Mellon Corphistory →COM1.74%$8M64.8K
17MCDMcDonald's Corphistory →COM1.70%$7M24.2K
18NVDANvidiahistory →COM1.69%$7M39.2K
19ABTAbbott Laboratorieshistory →COM1.64%$7M56.7K
20iShares Core MSCI Emerging MktCOM1.61%$7M103.9K
21MRKMerck & Co. Inc.history →COM1.60%$7M66.0K
22Exxon Mobil Corp.COM1.58%$7M57.0K
23PGProcter & Gamble Cohistory →COM1.56%$7M47.2K
24Linde PLCCOM1.51%$7M15.3K
25SNASnap-On Inc.history →COM1.44%$6M18.1K
26iShares Core MSCI EAFE ETFCOM1.44%$6M69.8K
27TMOThermo Fisher Scientifichistory →COM1.41%$6M10.6K
28NEENextera Energy Inc.history →COM1.38%$6M74.6K
29LHLabcorp Holdingshistory →COM1.36%$6M23.5K
30D.R. Horton, Inc.COM1.36%$6M40.8K
31LMTLockheed Martin Corphistory →COM1.26%$5M11.3K
32Duke Energy Corp.COM1.23%$5M45.4K
33DISWalt Disney Cohistory →COM1.22%$5M46.6K
34KOCoca-Cola Companyhistory →COM1.20%$5M74.6K
35USBUS Bancorphistory →COM1.17%$5M95.1K
36SYYSysco Corphistory →COM1.15%$5M67.6K
37IWMiShares Russell 2000 Index Funhistory →COM1.13%$5M20.0K
38ACNAccenture PLChistory →COM1.13%$5M18.3K
39PEPPepsi Co Inchistory →COM1.12%$5M34.0K
40SPYSPDR S&P 500 ETFhistory →COM1.11%$5M7.0K
41CLColgate-Palmolive Companyhistory →COM1.09%$5M60.1K
42MDTMedtronic Plchistory →COM1.09%$5M49.0K
43GISGeneral Mills Inc Comhistory →COM1.07%$5M100.1K
44LLYEli Lilly & Cohistory →COM1.03%$4M4.1K
45Verizon CommunicationsCOM1.02%$4M108.5K
46VTIVanguard Total Stock Market ETCOM0.96%$4M12.4K
47UPSUnited Parcel ServicesCOM0.90%$4M39.3K
48COPConocoPhillipsCOM0.89%$4M41.2K
49CTASCintas CorporationCOM0.88%$4M20.3K
50OMCOmnicom Group Inc ComCOM0.88%$4M47.2K
51IAUiShares Comex Gold TrustCOM0.88%$4M47.0K
52Adobe IncCOM0.83%$4M10.3K
53IJHiShares Core S&P Midcap ETFCOM0.80%$3M52.3K
54AMEX Energy Sector SPDRCOM0.78%$3M75.7K
55HDHome Depot, Inc.COM0.70%$3M8.8K
56Equinix IncCOM0.69%$3M3.9K
57CMCSAComcast Corp Cl A VtgCOM0.67%$3M97.0K
58iShares iBoxx High Yield CorpCOM0.59%$3M32.0K
59VBVanguard Small-Cap ETFCOM0.50%$2M8.4K
60CATCaterpillarCOM0.46%$2M3.5K
61JNJJohnson & JohnsonCOM0.46%$2M9.6K
62ORCLOracle Corp.COM0.44%$2M9.8K
63SYKStryker CorpCOM0.35%$2M4.4K
64VEAVanguard Developed Markets ETFCOM0.29%$1M20.1K
65INDBIndependent Bank Corp Mass ComCOM0.29%$1M17.0K
66RSPInvesco S&P 500 Equal WeightCOM0.28%$1M6.3K
67CVXChevron CorpCOM0.28%$1M7.9K
68VEUVanguard FTSE All-World Ex-USCOM0.27%$1M15.7K
69DIASPDR DJIA ETF TrustCOM0.23%$986,0002.1K
70IBMIntl Business Machines CorpCOM0.22%$965,0003.3K
71PFFiShares US Preferred StockCOM0.22%$964,00031.2K
72PAYXPaychex, Inc.COM0.20%$847,0007.6K
73VWOVanguard Emerging Markets ETFCOM0.17%$750,00014.0K
74GE AerospaceCOM0.17%$730,0002.4K
75MMM3M CoCOM0.16%$703,0004.4K
76IYKiShares US Consumer Staples ETCOM0.16%$702,00010.5K
77Waste Management, Inc.COM0.16%$678,0003.1K
78EMREmerson Electric CoCOM0.16%$676,0005.1K
79YUMYum! Brands Inc.COM0.15%$653,0004.3K
80ITWIllinois Tool WorksCOM0.15%$635,0002.6K
81VaneckVectors HY Muni ETFCOM0.14%$625,00012.2K
82Tesla Inc.COM0.13%$568,0001.3K
83Invesco QQQ Trust Series 1COM0.12%$518,000844
84QCOMQualcomm, Inc.COM0.12%$516,0003.0K
85MRSHMarsh & McLennan Companies, InCOM0.11%$486,0002.6K
86AGGiShares Core Total US Bond MarCOM0.11%$471,0004.7K
87AORiShares S&P Growth AllocationCOM0.10%$452,0007.0K
88DHRDanaher Corp.COM0.10%$439,0001.9K
89ADPAutomatic Data Processing, IncCOM0.10%$419,0001.6K
90SOSouthern CoCOM0.09%$410,0004.7K
91AMGNAmgen Inc.COM0.09%$404,0001.2K
92GE Vernova IncCOM0.09%$392,000600
93PPGPPG IndustriesCOM0.09%$379,0003.7K
94IXNiShares S&P Global Tech SectorCOM0.09%$378,0003.6K
95BMYBristol-Myers Squibb CompanyCOM0.08%$359,0006.7K
96BXPBoston Properties, Inc.COM0.08%$327,0004.8K
97PFEPfizer Inc.COM0.07%$318,00012.8K
98NUENucor CorporationCOM0.07%$315,0001.9K
99IWFiShares Russell 1000 Growth InCOM0.07%$304,000643
100RTX CorporationCOM0.07%$299,0001.6K

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 ↗.