BOSTON RESEARCH & MANAGEMENT INC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ISHARES TR | IVV | $21.6M | 28,863 | +0.30pp | 31q | -50.4%-$21.9M | |
| ALPHABET INC | GOOGL | $15.5M | 43,406 | +0.44pp | 31q | -50.8%-$16.0M | |
| CISCO SYS INC | CSCO | $14.5M | 123,742 | +0.92pp | 31q | -50.7%-$15.0M | |
| APPLE INC | AAPL | $14.2M | 49,123 | +0.17pp | 31q | -50.6%-$14.5M | |
| MICROSOFT CORP | MSFT | $13.8M | 36,953 | -0.17pp | 31q | -49.9%-$13.7M | |
| WALMART INC | WMT | $12.2M | 107,734 | -0.53pp | 31q | -51.1%-$12.7M | |
| ABBVIE INC | ABBV | $12.1M | 48,129 | +0.20pp | 31q | -50.2%-$12.2M | |
| ISHARES TR | IJR | $11.2M | 75,300 | +0.25pp | 31q | -50.3%-$11.3M | |
| JPMORGAN CHASE & CO | JPM | $10.5M | 32,195 | +0.09pp | 31q | -50.3%-$10.6M | |
| FASTENAL CO | FAST | $9.6M | 199,875 | -0.08pp | 31q | -50.4%-$9.7M | |
| BANK OF NY MELLON CORP | BNY | $9.2M | 63,884 | +0.24pp | 31q | -50.6%-$9.5M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $8.7M | 17,366 | -0.07pp | 31q | -50.9%-$9.0M | |
| MASTERCARD INCORPORATED | MA | $8.5M | 16,607 | -0.09pp | 31q | -50.4%-$8.7M | |
| MERCK & CO INC | MRK | $8.5M | 65,845 | -0.02pp | 31q | -50.5%-$8.6M | |
| ISHARES INC | IEMG | $8.3M | 100,742 | +0.15pp | 31q | -51.2%-$8.8M | |
| LINDE PLC | LIN | $8.1M | 15,624 | -0.05pp | 14q | -50.5%-$8.3M | |
| AMAZON COM INC | AMZN | $8.0M | 33,369 | +0.11pp | 25q | -50.3%-$8.1M | |
| NVIDIA CORPORATION | NVDA | $7.7M | 38,473 | +0.10pp | 13q | -50.7%-$7.9M | |
| EXXON MOBIL CORP | XOM | $7.2M | 52,945 | -0.53pp | 31q | -50.2%-$7.3M | |
| SNAP ON INC | SNA | $7.1M | 17,731 | +0.04pp | 25q | -50.6%-$7.3M | |
| PROCTER & GAMBLE CO | PG | $6.9M | 46,908 | -0.07pp | 31q | -49.9%-$6.8M | |
| XYLEM INC | XYL | $6.7M | 57,009 | -0.09pp | 31q | -49.2%-$6.5M | |
| ISHARES TR | IEFA | $6.6M | 68,567 | -0.02pp | 31q | -50.7%-$6.8M | |
| D R HORTON INC | DHI | $6.5M | 40,067 | +0.14pp | 20q | -50.3%-$6.6M | |
| LABCORP HOLDINGS INC | LH | $6.5M | 23,271 | -0.03pp | 9q | -50.1%-$6.5M | |
| MCDONALDS CORP | MCD | $6.5M | 24,010 | -0.33pp | 31q | -50.2%-$6.5M | |
| NEXTERA ENERGY INC | NEE | $6.5M | 73,786 | -0.19pp | 31q | -50.1%-$6.5M | |
| COCA COLA CO | KO | $6.0M | 73,647 | flat | 31q | -50.3%-$6.1M | |
| ELI LILLY & CO | LLY | $5.8M | 4,833 | +0.23pp | 31q | -50.0%-$5.8M | |
| DUKE ENERGY CORP NEW | DUK | $5.8M | 45,624 | -0.13pp | 31q | -50.1%-$5.8M | |
| SYSCO CORP | SYY | $5.7M | 68,451 | +0.13pp | 31q | -49.4%-$5.6M | |
| LOCKHEED MARTIN CORP | LMT | $5.7M | 11,177 | -0.33pp | 21q | -49.9%-$5.7M | |
| US BANCORP | USB | $5.7M | 93,913 | +0.09pp | 31q | -50.6%-$5.8M | |
| COLGATE PALMOLIVE CO | CL | $5.5M | 60,464 | +0.01pp | 31q | -50.2%-$5.6M | |
| ALBEMARLE CORP | ALBPRA | $5.5M | 99,820 | +0.37pp | 8q | -1.0%-$55.4K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $5.5M | 10,974 | -0.04pp | 25q | -49.3%-$5.3M | |
| ISHARES TR | IWM | $5.4M | 18,027 | +0.12pp | 31q | -51.3%-$5.7M | |
| ABBOTT LABORATORIES | ABT | $5.4M | 59,474 | -0.25pp | 31q | -50.2%-$5.4M | |
| TRACTOR SUPPLY CO | TSCO | $5.4M | 169,260 | -0.63pp | 31q | -50.1%-$5.4M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $5.2M | 6,971 | +0.08pp | 31q | -50.2%-$5.3M | |
| LOWES COS INC | LOW | $5.0M | 22,745 | +1.05pp | 13q | +1060.5%+$4.6M | |
| PEPSICO INC | PEP | $4.6M | 34,145 | -0.21pp | 31q | -49.4%-$4.5M | |
| VERIZON COMMUNICATIONS INC | VZ | $4.6M | 108,377 | -0.26pp | 31q | -49.8%-$4.6M | |
| DISNEY WALT CO | DIS | $4.6M | 47,627 | -0.09pp | 31q | -50.8%-$4.7M | |
| VANGUARD INDEX FDS | VTI | $4.6M | 12,380 | +0.08pp | 31q | -50.0%-$4.6M | |
| UNITED PARCEL SVCS INC | UPS | $4.6M | 42,352 | +0.02pp | 31q | -50.1%-$4.6M | |
| CONOCOPHILLIPS | COP | $4.3M | 41,367 | -0.34pp | 31q | -50.2%-$4.3M | |
| EQUINIX INC | EQIX | $4.2M | 4,068 | -0.01pp | 4q | -50.5%-$4.3M | |
| MEDTRONIC PLC | MDT | $4.0M | 51,201 | -0.15pp | 31q | -49.4%-$3.9M | |
| SELECT SECTOR SPDR TR | XLE | $4.0M | 74,398 | -0.21pp | 28q | -50.2%-$4.0M | |
| ISHARES TR | IJH | $3.9M | 49,967 | +0.05pp | 31q | -50.5%-$3.9M | |
| GENERAL MILLS INC | GIS | $3.6M | 104,150 | -0.14pp | 31q | -51.7%-$3.9M | |
| CATERPILLAR INC | CAT | $3.6M | 3,382 | +0.21pp | 31q | -51.7%-$3.9M | |
| ISHARES GOLD TR | IAU | $3.5M | 46,825 | -0.19pp | 21q | -50.0%-$3.5M | |
| CINTAS CORP | CTAS | $3.4M | 20,270 | -0.05pp | 31q | -50.0%-$3.4M | |
| OMNICOM GROUP INC | OMC | $3.4M | 46,043 | -0.09pp | 31q | -51.1%-$3.5M | |
| HOME DEPOT INC | HD | $3.1M | 8,805 | flat | 31q | -50.0%-$3.1M | |
| COMCAST CORP NEW | CMCSA | $3.1M | 125,131 | -0.15pp | 31q | -49.1%-$3.0M | |
| ADOBE INC | ADBE | $2.8M | 13,584 | -0.17pp | 8q | -50.5%-$2.8M | |
| ISHARES TR | HYG | $2.5M | 31,823 | -0.04pp | 31q | -50.5%-$2.6M | |
| VANGUARD INDEX FDS | VB | $2.5M | 8,343 | +0.04pp | 31q | -50.1%-$2.5M | |
| JOHNSON & JOHNSON | JNJ | $2.4M | 9,613 | -0.01pp | 31q | -50.0%-$2.4M | |
| ACCENTURE PLC IRELAND | ACN | $2.2M | 17,609 | -0.34pp | 31q | -50.2%-$2.2M | |
| ALPHABET INC | GOOG | $1.7M | 4,912 | +0.04pp | 31q | -51.3%-$1.8M | |
| INDEPENDENT BK CORP MASS | INDB | $1.4M | 17,011 | +0.01pp | 4q | -50.0%-$1.4M | |
| ORACLE CORP | ORCL | $1.4M | 9,639 | -0.03pp | 31q | -50.6%-$1.4M | |
| VANGUARD TAX-MANAGED FDS | VEA | $1.4M | 19,498 | +0.01pp | 31q | -50.0%-$1.4M | |
| STRYKER CORPORATION | SYK | $1.4M | 4,354 | -0.03pp | 31q | -50.0%-$1.4M | |
| VANGUARD INTL EQUITY INDEX F | VEU | $1.3M | 15,681 | +0.01pp | 31q | -50.0%-$1.3M | |
| CHEVRON CORPORATION | CVX | $1.3M | 7,720 | -0.09pp | 31q | -50.0%-$1.3M | |
| INVESCO EXCHANGE TRADED FD T | RSP | $1.0M | 4,705 | +0.01pp | 14q | -49.4%-$976.5K | |
| ISHARES TR | PFF | $948.2K | 31,100 | -0.02pp | 18q | -50.7%-$974.6K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $916.9K | 3,260 | +0.02pp | 31q | -50.0%-$916.9K | |
| STATE STR SPDR DOW JONES IND | DIA | $849.9K | 1,627 | +0.01pp | 15q | -50.0%-$849.9K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $833.5K | 13,964 | +0.01pp | 31q | -50.0%-$833.5K | |
| PAYCHEX INC | PAYX | $742.9K | 7,555 | flat | 31q | -50.0%-$742.9K | |
| EMERSON ELEC CO | EMR | $730.1K | 5,100 | flat | 31q | -50.0%-$730.1K | |
| ILLINOIS TOOL WKS INC | ITW | $697.8K | 2,580 | flat | 31q | -50.0%-$697.8K | |
| WASTE MGMT INC DEL | WM | $688.7K | 3,090 | -0.02pp | 31q | -50.0%-$688.7K | |
| 3M CO | MMM | $661.6K | 4,086 | +0.01pp | 31q | -50.0%-$661.6K | |
| INVESCO QQQ TR | QQQ | $623.5K | 847 | +0.02pp | 15q | -51.0%-$649.3K | |
| VANECK ETF TRUST | HYD | $602.5K | 11,696 | -0.01pp | 23q | -52.2%-$658.5K | |
| APPLIED MATLS INC | AMAT | $574.8K | 795 | +0.06pp | 3q | -50.0%-$574.8K | |
| QUALCOMM INC | QCOM | $558.1K | 3,020 | +0.03pp | 29q | -50.0%-$558.1K | |
| TESLA INC | TSLA | $532.1K | 1,265 | +0.01pp | 6q | -50.0%-$532.1K | |
| ISHARES TR | IXN | $520.1K | 3,600 | +0.03pp | 13q | -50.0%-$520.1K | |
| ISHARES TR | AOR | $490.7K | 7,061 | flat | 31q | -49.6%-$482.4K | |
| ISHARES TR | AGG | $458.1K | 4,628 | -0.01pp | 31q | -51.6%-$488.9K | |
| SOUTHERN CO | SO | $450.8K | 4,710 | -0.01pp | 31q | -50.0%-$450.8K | |
| PPG INDS INC | PPG | $448.8K | 3,700 | +0.01pp | 31q | -50.0%-$448.8K | |
| AMGEN INC | AMGN | $447.9K | 1,237 | flat | 31q | -50.0%-$447.9K | |
| MARSH & MCLENNAN COS INC | MRSH | $436.7K | 2,620 | -0.01pp | 31q | -50.0%-$436.7K | |
| NUCOR CORP | NUE | $431.2K | 1,936 | +0.02pp | 19q | -50.0%-$431.2K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $383.8K | 6,660 | -0.01pp | 31q | -50.0%-$383.8K | |
| INTEL CORP | INTC | $377.0K | 2,700 | - | new | NEW | |
| DANAHER CORP DEL | DHR | $365.3K | 1,918 | flat | 31q | -50.0%-$365.3K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $365.0K | 1,630 | flat | 24q | -50.0%-$365.0K | |
| GE AEROSPACE | GE | $360.6K | 965 | +0.02pp | 14q | -50.0%-$360.6K | |
| MASCO CORP | MAS | $325.5K | 4,000 | +0.02pp | 13q | -50.0%-$325.5K | |
| KIMBERLY CLARK CORP | KMB | $324.4K | 2,955 | flat | 31q | -50.0%-$324.4K | |
| BXP INC | BXP | $321.6K | 4,850 | +0.01pp | 31q | -50.0%-$321.6K | |
| TEXAS INSTRS INC | TXN | $316.0K | 1,060 | +0.02pp | 2q | -50.0%-$316.0K | |
| ISHARES TR | IWB | $314.5K | 768 | +0.01pp | 11q | -50.0%-$314.5K | |
| ISHARES TR | IWF | $312.9K | 2,520 | flat | 13q | -51.0%-$325.8K | |
| UNITEDHEALTH GROUP INC | UNH | $307.6K | 740 | +0.02pp | 27q | -50.0%-$307.6K | |
| GOLDMAN SACHS GROUP INC | GS | $303.4K | 300 | +0.01pp | 5q | -50.0%-$303.4K | |
| GE VERNOVA INC | GEV | $292.5K | 249 | +0.01pp | 5q | -50.0%-$292.5K | |
| PFIZER INC | PFE | $289.2K | 12,009 | -0.02pp | 31q | -50.0%-$289.2K | |
| GENERAL DYNAMICS CORP | GD | $272.8K | 770 | flat | 11q | -50.0%-$272.8K | |
| COSTCO WHOLESALE CORPORATION | COST | $271.3K | 290 | -0.01pp | 10q | -50.0%-$271.3K | |
| AMERICAN EXPRESS CO | AXP | $270.6K | 800 | flat | 8q | -50.0%-$270.6K | |
| RTX CORPORATION | RTX | $261.8K | 1,380 | -0.02pp | 8q | -57.8%-$358.6K | |
| GENUINE PARTS CO | GPC | $236.0K | 2,000 | flat | 25q | -53.5%-$271.4K | |
| VANGUARD INDEX FDS | VXF | $232.7K | 945 | - | new | NEW | |
| AGILENT TECHNOLOGIES INC | A | $230.7K | 1,737 | - | new | NEW | |
| WEC ENERGY GROUP INC | WEC | $222.1K | 1,902 | flat | 4q | -50.0%-$222.1K | |
| AFLAC INC | AFL | $220.4K | 1,880 | flat | 4q | -50.0%-$220.4K | |
| ARCHER DANIELS MIDLAND CO | ADM | $220.0K | 2,880 | flat | 2q | -50.0%-$220.0K | |
| SPDR SERIES TRUST | CWB | $216.6K | 2,009 | - | new | NEW | |
| OLD DOMINION FREIGHT LINE IN | ODFL | $212.3K | 980 | - | new | NEW | |
| CHUBB LIMITED | CB | $201.0K | 590 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Retail & Consumer | $53.4M | 11.8% |
| Software & IT Services | $35.6M | 7.9% |
| Biotech & Pharma | $35.6M | 7.9% |
| Computer Hardware | $29.7M | 6.6% |
| Banks & Lending | $27.1M | 6.0% |
| Chemicals | $21.0M | 4.6% |
| Industrials | $18.8M | 4.2% |
| Business Services | $14.8M | 3.3% |
| Food, Drink & Tobacco | $14.5M | 3.2% |
| Utilities | $13.6M | 3.0% |
| Energy | $12.8M | 2.8% |
| Telecom & Media | $12.2M | 2.7% |
| Other sectors | $78.1M | 17.3% |
| Not classified | $85.4M | 18.9% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.2% | +14.8% | -9.6% | 100% |
| Q1 2026 | -0.9% | -4.6% | +3.7% | 100% |
| Q4 2025 | +1.3% | +2.4% | -1.0% | 100% |
| Q3 2025 | +7.0% | +7.8% | -0.8% | 100% |
| Q2 2025 | +3.2% | +10.5% | -7.2% | 100% |
| Q1 2025 | -0.2% | -4.6% | +4.4% | 100% |
| Q4 2024 | -3.6% | +2.1% | -5.7% | 100% |
| Q3 2024 | +7.5% | +5.4% | +2.1% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $452.6M | 121 | 6 | 1 | 114 | 0 | 29.9% | 42 |
| Q1 2026 | $849.3M | 115 | 2 | 20 | 41 | 8 | 28.3% | 10 |
| Q4 2025 | $873.6M | 121 | 5 | 8 | 59 | 4 | 30.6% | 42 |
| Q3 2025 | $910.9M | 120 | 5 | 24 | 18 | 2 | 29.9% | 43 |
| Q2 2025 | $841.7M | 117 | 4 | 33 | 35 | 4 | 29.3% | 43 |
| Q1 2025 | $811.7M | 117 | 3 | 11 | 48 | 2 | 28.8% | 42 |
| Q4 2024 | $821.3M | 116 | 3 | 18 | 26 | 3 | 29.5% | 43 |
| Q3 2024 | $858.5M | 116 | 7 | 109 | 0 | 4 | 27.9% | 43 |
| Q2 2024 | $395.5M | 113 | 2 | 29 | 33 | 4 | 28.6% | 44 |
| Q1 2024 | $404.6M | 115 | 3 | 23 | 26 | 1 | 27.0% | 44 |
| Q4 2023 | $376.7M | 113 | 2 | 44 | 21 | 3 | 27.1% | 43 |
| Q3 2023 | $338.3M | 114 | 2 | 31 | 15 | 1 | 27.5% | 44 |
| Q2 2023 | $353.2M | 113 | 5 | 30 | 18 | 2 | 27.5% | 32 |
| Q1 2023 | $334.8M | 110 | 7 | 39 | 22 | 3 | 28.0% | 40 |
| Q4 2022 | $323.2M | 106 | 5 | 25 | 33 | 1 | 27.1% | 44 |
| Q3 2022 | $293.5M | 102 | 0 | 37 | 10 | 4 | 26.9% | 45 |
| Q2 2022 | $308.7M | 106 | 2 | 33 | 15 | 7 | 27.1% | 42 |
| Q1 2022 | $344.5M | 111 | 5 | 24 | 41 | 6 | 27.9% | 42 |
| Q4 2021 | $366.3M | 112 | 5 | 17 | 22 | 1 | 28.7% | 41 |
| Q3 2021 | $335.8M | 108 | 2 | 32 | 17 | 2 | 27.6% | 41 |
| Q2 2021 | $329.7M | 108 | 5 | 26 | 27 | 2 | 27.5% | 42 |
| Q1 2021 | $310.7M | 105 | 2 | 34 | 22 | 1 | 27.4% | 41 |
| Q4 2020 | $287.4M | 104 | 4 | 32 | 22 | 1 | 28.0% | 40 |
| Q3 2020 | $255.7M | 101 | 4 | 15 | 49 | 0 | 29.7% | 40 |
| Q2 2020 | $240.7M | 97 | 6 | 28 | 23 | 1 | 29.8% | 41 |
| Q1 2020 | $199.2M | 92 | 0 | 12 | 51 | 9 | 29.6% | 38 |
| Q4 2019 | $266.6M | 101 | 2 | 16 | 32 | 0 | 26.2% | 38 |
| Q3 2019 | $252.9M | 99 | 3 | 42 | 12 | 3 | 25.7% | 43 |
| Q2 2019 | $247.2M | 99 | 1 | 36 | 17 | 6 | 25.4% | 38 |
| Q1 2019 | $240.0M | 104 | 5 | 25 | 29 | 1 | 25.2% | 37 |
| Q4 2018 | $210.0M | 100 | 0 | 0 | 0 | 0 | 25.1% | 37 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.