BOSTON RESEARCH & MANAGEMENT INC

CIK

1259261

Location

MANCHESTER, MA

Portfolio Value

Small $348,925,986

Diversification

Diversified

Filing Date

Global Rank

#3,170 / 8,588 ▲ 28

Top Industry

Drug Manufacturers - General 7.8%

3Y Alpha vs SPY

-9.6%

Period ended 3 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

+37.9%

SPY

+76.8%

Annualised alpha

-9.6%

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
PFE	Pfizer Inc	−788	12,009	$337,212
CSCO	Cisco Systems, Inc.	−788	125,526	$9,739,562
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
UNH	Unitedhealth Group Inc Healthcare	Held	740	0	$200,236	−18.0%	0.06%
TXN	Texas Instruments Inc Technology	NEW	1,060	NEW	$205,788	NEW	0.06%
AFL	Aflac Inc Financial Services	Held	1,880	0	$206,254	−0.5%	0.06%
ADM	Archer-Daniels-Midland Co Consumer Defensive	NEW	2,880	NEW	$209,347	NEW	0.06%
GEV	GE Vernova Inc. Industrials	Reduced	249	-351	$217,352	−44.6%	0.06%
WEC	Wec Energy Group, Inc. Utilities	Held	1,902	0	$220,194	+9.8%	0.06%
GPC	Genuine Parts Co Consumer Cyclical	Reduced	2,150	-240	$227,362	−22.6%	0.07%
LOW	Lowes Companies Inc Consumer Cyclical	Held	980	0	$231,554	−2.0%	0.07%
MAS	Masco Corp /De/ Industrials	Held	4,000	0	$241,480	−4.9%	0.07%
AXP	American Express Co Financial Services	Held	800	0	$241,984	−18.2%	0.07%
BXP	BXP, Inc. Real Estate	Held	4,850	0	$251,715	−23.1%	0.07%
GS	Goldman Sachs Group Inc Financial Services	Held	300	0	$253,797	−3.8%	0.07%
GD	General Dynamics Corp Industrials	Held	770	0	$264,279	+1.9%	0.08%
AMAT	Applied Materials Inc /De Technology	Reduced	795	-180	$271,723	+8.4%	0.08%
GE	General Electric Co Industrials	Reduced	965	-1,408	$273,838	−62.5%	0.08%
KMB	Kimberly Clark Corp Consumer Defensive	Held	2,955	0	$285,068	−4.4%	0.08%
COST	Costco Wholesale Corp /New Consumer Defensive	Held	290	0	$288,964	+15.5%	0.08%
RTX	RTX Corp Industrials	Held	1,635	0	$315,391	+5.2%	0.09%
NUE	Nucor Corp Basic Materials	Held	1,936	0	$327,377	+3.7%	0.09%
ADP	Automatic Data Processing Inc Technology	Held	1,630	0	$331,183	−21.0%	0.09%
PFE	Pfizer Inc Healthcare	Reduced	12,009	-788	$337,212	+5.8%	0.10%
DHR	Danaher Corp /De/ Healthcare	Held	1,918	0	$363,652	−17.2%	0.10%
QCOM	Qualcomm Inc/De Technology	Held	3,020	0	$388,915	−24.7%	0.11%
PPG	Ppg Industries Inc Basic Materials	Held	3,700	0	$395,456	+4.3%	0.11%
BMY	Bristol Myers Squibb Co Healthcare	Held	6,660	0	$403,929	+12.4%	0.12%
AMGN	Amgen Inc Healthcare	Held	1,237	0	$435,238	+7.5%	0.12%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Held	2,620	0	$454,439	−6.5%	0.13%
SO	Southern Co Utilities	Held	4,710	0	$454,609	+10.7%	0.13%
TSLA	Tesla, Inc. Consumer Cyclical	Held	1,265	0	$470,263	−17.3%	0.13%
QQQ	Invesco Qqq Trust, Series 1	Added	864	+20	$498,683	−3.8%	0.14%
MMM	3M Co Industrials	Reduced	4,086	-308	$593,409	−15.6%	0.17%
EMR	Emerson Electric Co Industrials	Held	5,100	0	$668,202	−1.3%	0.19%
ITW	Illinois Tool Works Inc Industrials	Held	2,580	0	$671,548	+5.7%	0.19%
PAYX	Paychex Inc Technology	Held	7,555	0	$695,966	−17.9%	0.20%
WM	Waste Management Inc Industrials	Held	3,090	0	$710,051	+4.6%	0.20%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Reduced	1,627	-425	$753,610	−23.6%	0.22%
IBM	International Business Machines Corp Technology	Held	3,260	0	$790,191	−18.2%	0.23%
INDB	Independent Bank Corp Financial Services	Held	17,011	0	$1,279,397	+2.9%	0.37%
SYK	Stryker Corp Healthcare	Held	4,354	0	$1,430,680	−6.5%	0.41%
ORCL	Oracle Corp Technology	Reduced	9,749	-65	$1,434,175	−25.0%	0.41%
CVX	Chevron Corp Energy	Reduced	7,720	-200	$1,597,268	+32.3%	0.46%
JNJ	Johnson & Johnson Healthcare	Held	9,613	0	$2,349,801	+18.1%	0.67%
CAT	Caterpillar Inc Industrials	Held	3,502	0	$2,481,026	+23.7%	0.71%
HD	Home Depot, Inc. Consumer Cyclical	Held	8,805	0	$2,895,876	−4.4%	0.83%
ADBE	Adobe Inc. Technology	Added	13,728	+3,439	$3,337,002	−7.3%	0.96%
CTAS	Cintas Corp Industrials	Held	20,270	0	$3,428,467	−10.1%	0.98%
ACN	Accenture plc Technology	Reduced	17,696	-612	$3,508,939	−28.6%	1.01%
CMCSA	Comcast Corp Communication Services	Added	122,976	+26,005	$3,530,640	+30.0%	1.01%
OMC	Omnicom Group Inc. Communication Services	Reduced	47,048	-155	$3,543,184	−7.0%	1.02%
GIS	General Mills Inc Consumer Defensive	Added	107,872	+7,793	$4,014,995	−13.7%	1.15%