BOSTON RESEARCH & MANAGEMENT INC

CIK

1259261

Location

MANCHESTER, MA

Portfolio Value

Small $348,925,986

Diversification

Diversified

Filing Date

Global Rank

#2,859 / 8,232 ▲ 125

Top Industry

Drug Manufacturers - General 7.8%

3Y Alpha vs SPY

-9.2%

Period ended 2 months ago

Filed Apr 10, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+39.2%

SPY

+76.3%

Annualised alpha

-9.2%

Max drawdown

−13.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

92 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

3.9%

−1.4 pts

Top 5

18.1%

−1.9 pts

Top 10

31.3%

−2.3 pts

HHI

208

Diversified−9

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	15.4%	$53,764,122	13
Healthcare	14.5%	$50,531,190	14
Consumer Defensive	13.2%	$46,115,883	10
Industrials	12.4%	$43,357,586	16
Financial Services	11.9%	$41,406,587	10
Consumer Cyclical	9.0%	$31,516,064	8
Communication Services	8.6%	$29,843,643	5
Energy	4.6%	$16,106,555	3
Utilities	3.9%	$13,531,222	4
Unclassified	2.8%	$9,936,578	4
Basic Materials	2.4%	$8,539,976	3
Real Estate	1.2%	$4,276,580	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
CMCSA	Comcast Corp	+26,005	122,976	$3,530,640
GIS	General Mills Inc	+7,793	107,872	$4,014,995
ADBE	Adobe Inc.	+3,439	13,728	$3,337,002
UPS	United Parcel Service Inc	+3,172	42,437	$4,174,952
ABT	Abbott Laboratories	+2,955	59,676	$6,126,934
TSCO	Tractor Supply Co /De/	+2,795	169,475	$7,677,217
DIS	Walt Disney Co	+1,825	48,377	$4,662,575
MDT	Medtronic plc	+1,508	50,546	$4,379,810
LLY	ELI LILLY & Co	+685	4,833	$4,445,248
CL	Colgate Palmolive Co	+595	60,669	$5,170,818
MRK	Merck & Co., Inc.	+578	66,572	$8,007,945
LIN	Linde PLC	+438	15,768	$7,817,143
COP	Conocophillips	+382	41,560	$5,485,920
DUK	Duke Energy CORP	+305	45,712	$5,985,529
TMO	Thermo Fisher Scientific Inc.	+235	10,814	$5,315,405
EQIX	Equinix Inc	+193	4,106	$4,024,865
SYY	Sysco Corp	+75	67,635	$4,824,404
AMZN	Amazon Com Inc	+45	33,584	$6,994,539
QQQ	Invesco Qqq Trust, Series 1	+20	864	$498,683
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	−3,909	49,674	$12,606,764
XOM	Exxon Mobil Corp	−3,851	53,185	$9,023,367
WMT	Walmart Inc.	−2,370	110,124	$13,686,210
MA	Mastercard Inc	−2,360	16,752	$8,370,304
MSFT	Microsoft Corp	−2,325	36,860	$13,644,466
GOOGL	Alphabet Inc.	−1,533	44,116	$12,685,996
XYL	Xylem Inc.	−1,518	56,127	$6,707,176
FAST	Fastenal Co	−1,500	201,370	$9,343,568
GE	General Electric Co	−1,408	965	$273,838
CSCO	Cisco Systems, Inc.	−788	125,526	$9,739,562
PFE	Pfizer Inc	−788	12,009	$337,212
JPM	Jpmorgan Chase & Co	−692	32,363	$9,519,900
NEE	Nextera Energy Inc	−635	73,976	$6,870,890
ACN	Accenture plc	−612	17,696	$3,508,939
DHI	Horton D R Inc /De/	−527	40,290	$5,528,593
KO	Coca Cola Co	−523	74,107	$5,635,837
VZ	Verizon Communications Inc	−482	107,993	$5,421,248
BRK-B	Berkshire Hathaway Inc	−433	17,672	$8,468,422
DIA	Spdr Dow Jones Industrial Average ETF Trust	−425	1,627	$753,610
PG	PROCTER & GAMBLE Co	−373	46,797	$6,759,358
GEV	GE Vernova Inc.	−351	249	$217,352
ABBV	AbbVie Inc.	−335	48,353	$10,516,293
MMM	3M Co	−308	4,086	$593,409
GPC	Genuine Parts Co	−240	2,150	$227,362
LH	Labcorp Holdings Inc.	−235	23,308	$6,218,807
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
ADM	Archer-Daniels-Midland Co	2,880	$209,347
TXN	Texas Instruments Inc	1,060	$205,788
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
YUM	Yum Brands Inc	4,320	$653,529
BA	Boeing Co	1,300	$282,256
A	Agilent Technologies, Inc.	1,737	$236,353
CHRW	C. H. Robinson Worldwide, Inc.	1,390	$223,456
YUMC	Yum China Holdings, Inc.	4,389	$209,530
CVS	CVS HEALTH Corp	2,539	$201,495
ESBA	Empire State Realty OP, L.P.	10,754	$67,750
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

92 positions · $348,925,986 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 92 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
WMT	Walmart Inc. Consumer Defensive	Reduced	110,124	-2,370	$13,686,210	+9.2%	3.92%
MSFT	Microsoft Corp Technology	Reduced	36,860	-2,325	$13,644,466	−28.0%	3.91%
GOOGL	Alphabet Inc. Communication Services	Reduced	44,116	-1,533	$12,685,996	−11.2%	3.64%
AAPL	Apple Inc. Technology	Reduced	49,674	-3,909	$12,606,764	−13.5%	3.61%
ABBV	AbbVie Inc. Healthcare	Reduced	48,353	-335	$10,516,293	−5.5%	3.01%
CSCO	Cisco Systems, Inc. Technology	Reduced	125,526	-788	$9,739,562	+0.1%	2.79%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	32,363	-692	$9,519,900	−10.6%	2.73%
FAST	Fastenal Co Industrials	Reduced	201,370	-1,500	$9,343,568	+14.8%	2.68%
XOM	Exxon Mobil Corp Energy	Reduced	53,185	-3,851	$9,023,367	+31.5%	2.59%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	17,672	-433	$8,468,422	−6.9%	2.43%
MA	Mastercard Inc Financial Services	Reduced	16,752	-2,360	$8,370,304	−23.3%	2.40%
MRK	Merck & Co., Inc. Healthcare	Added	66,572	+578	$8,007,945	+15.3%	2.30%
LIN	Linde PLC Basic Materials	Added	15,768	+438	$7,817,143	+19.6%	2.24%
TSCO	Tractor Supply Co /De/ Consumer Cyclical	Added	169,475	+2,795	$7,677,217	−7.9%	2.20%
BNY	Bank of New York Mellon Corp Financial Services	Reduced	64,639	-185	$7,668,124	+1.9%	2.20%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	24,102	-70	$7,490,660	+1.4%	2.15%
AMZN	Amazon Com Inc Consumer Cyclical	Added	33,584	+45	$6,994,539	−9.6%	2.00%
NEE	Nextera Energy Inc Utilities	Reduced	73,976	-635	$6,870,890	+14.7%	1.97%
NVDA	Nvidia Corp Technology	Reduced	39,045	-143	$6,809,448	−6.8%	1.95%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	46,797	-373	$6,759,358	−0.0%	1.94%
LMT	Lockheed Martin Corp Industrials	Reduced	11,161	-138	$6,745,596	+23.4%	1.93%
XYL	Xylem Inc. Industrials	Reduced	56,127	-1,518	$6,707,176	−14.6%	1.92%
SNA	Snap-on Inc Industrials	Reduced	17,954	-170	$6,521,251	+4.4%	1.87%
LH	Labcorp Holdings Inc. Healthcare	Reduced	23,308	-235	$6,218,807	+5.3%	1.78%
ABT	Abbott Laboratories Healthcare	Added	59,676	+2,955	$6,126,934	−13.8%	1.76%
DUK	Duke Energy CORP Utilities	Added	45,712	+305	$5,985,529	+12.5%	1.72%
KO	Coca Cola Co Consumer Defensive	Reduced	74,107	-523	$5,635,837	+8.0%	1.62%
DHI	Horton D R Inc /De/ Consumer Cyclical	Reduced	40,290	-527	$5,528,593	−6.0%	1.58%
COP	Conocophillips Energy	Added	41,560	+382	$5,485,920	+42.3%	1.57%
VZ	Verizon Communications Inc Communication Services	Reduced	107,993	-482	$5,421,248	+22.7%	1.55%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	10,814	+235	$5,315,405	−13.3%	1.52%
PEP	Pepsico Inc Consumer Defensive	Reduced	33,749	-210	$5,240,882	+7.5%	1.50%
CL	Colgate Palmolive Co Consumer Defensive	Added	60,669	+595	$5,170,818	+8.9%	1.48%
USB	US Bancorp De Financial Services	Held	95,058	0	$4,943,966	−2.5%	1.42%
SYY	Sysco Corp Consumer Defensive	Added	67,635	+75	$4,824,404	−3.1%	1.38%
DIS	Walt Disney Co Communication Services	Added	48,377	+1,825	$4,662,575	−12.0%	1.34%
SPY	Spdr S&P 500 ETF Trust	Reduced	7,006	-40	$4,556,282	−5.2%	1.31%
LLY	ELI LILLY & Co Healthcare	Added	4,833	+685	$4,445,248	−0.3%	1.27%
MDT	Medtronic plc Healthcare	Added	50,546	+1,508	$4,379,810	−7.0%	1.26%
UPS	United Parcel Service Inc Industrials	Added	42,437	+3,172	$4,174,952	+7.2%	1.20%
IAU	Ishares Gold Trust	Reduced	46,824	-130	$4,128,003	+8.3%	1.18%
EQIX	Equinix Inc Real Estate	Added	4,106	+193	$4,024,865	+34.3%	1.15%
GIS	General Mills Inc Consumer Defensive	Added	107,872	+7,793	$4,014,995	−13.7%	1.15%
OMC	Omnicom Group Inc. Communication Services	Reduced	47,048	-155	$3,543,184	−7.0%	1.02%
CMCSA	Comcast Corp Communication Services	Added	122,976	+26,005	$3,530,640	+30.0%	1.01%
ACN	Accenture plc Technology	Reduced	17,696	-612	$3,508,939	−28.6%	1.01%
CTAS	Cintas Corp Industrials	Held	20,270	0	$3,428,467	−10.1%	0.98%
ADBE	Adobe Inc. Technology	Added	13,728	+3,439	$3,337,002	−7.3%	0.96%
HD	Home Depot, Inc. Consumer Cyclical	Held	8,805	0	$2,895,876	−4.4%	0.83%
CAT	Caterpillar Inc Industrials	Held	3,502	0	$2,481,026	+23.7%	0.71%