Boston Research & Management Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Boston Research & Management Inc. reported 116 stock positions worth $404.6 million. Its top holding was Microsoft (MSFT) at 4.5% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.3%) and Mastercard Class A (MA, 2.6%). Compared with Q4 2023, it opened 3 new positions, sold out of 1, added to 28 and reduced 40. The biggest buy was Walt Disney (DIS, shares +1%) and the biggest sale Fastenal (FAST, shares −24%).

Most Recent 13F
Q2 2026
Location
MANCHESTER, MA
CIK
0001259261
Portfolio Value
$404.6M (Q1 2024)
SEC Filing
0001259261-24-000004 ↗ filed May 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $404.6M $404.6M Q1 2024 Q2 2024: $395.5M Q2 2024 Q3 2024: $428.2M Q3 2024 Q4 2024: $409.7M Q4 2024 Q1 2025: $405.1M Q1 2025 Q2 2025: $419.4M Q2 2025 Q3 2025: $453.4M Q3 2025 Q4 2025: $433.7M Q4 2025 Q1 2026: $421.0M Q1 2026 Q2 2026: $447.1M Q2 2026

Holdings 116 stocks · $404.6M
MSFT Microsoft Corp. 4.52% 43,496 $18.3M Reduce -3.4%
IVV iShares Core S&P 500 ETF 4.25% 32,744 $17.2M Reduce -2.2%
MA Mastercard Inc. Class A 2.60% 21,820 $10.5M Reduce -0.9%
AAPL Apple Inc. 2.49% 58,821 $10.1M Add +0.6%
TSCO Tractor Supply Company 2.43% 37,613 $9.8M Reduce -0.1%
ABBV Abbvie Inc. 2.39% 53,037 $9.7M Reduce -1.3%
XYL Xylem Inc. 2.10% 65,642 $8.5M Reduce -0.1%
WMT Walmart Inc. 2.09% 140,603 $8.5M No change
BRK.B Berkshire Hathaway Inc. Class B 2.09% 20,099 $8.5M Reduce -0.1%
FAST Fastenal Co. 2.03% 106,275 $8.2M Reduce -23.8%
MRK Merck & Co. Inc. 2.01% 61,525 $8.1M No change
GOOGL Alphabet Inc. Class A 2.00% 53,681 $8.1M Reduce -0.2%
IJR iShares Core S&P Small-Cap E 1.99% 72,946 $8.1M Reduce -0.6%
LIN Linde PLC 1.91% 16,675 $7.7M Reduce -0.0%
JPM JPMorgan Chase & Co. 1.87% 37,689 $7.5M Reduce -1.0%
GIS General Mills Inc. 1.81% 104,650 $7.3M Add +1.5%
CSCO Cisco Systems Inc. 1.79% 145,339 $7.3M Add +0.8%
PG The Procter & Gamble Co. 1.76% 43,771 $7.1M Add +0.8%
ABT Abbott Laboratories 1.74% 61,784 $7.0M Add +0.1%
MCD McDonald's Corp. 1.70% 24,347 $6.9M Add +0.5%
DHI D.R. Horton Inc. 1.66% 40,710 $6.7M Reduce -1.3%
AMZN Amazon.com Inc. 1.54% 34,637 $6.2M Reduce -0.4%
ACN Accenture PLC Class A 1.52% 17,794 $6.2M Reduce -0.2%
XOM Exxon Mobil Corp. 1.44% 50,173 $5.8M Reduce -0.5%
CL Colgate-Palmolive Co. 1.42% 63,701 $5.7M Reduce -0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.38% 45,789 $5.6M Add +0.7%
PEP Pepsico Inc. 1.37% 31,747 $5.6M Add +2.2%
CMCSA Comcast Corp. Class A 1.36% 126,688 $5.5M Add +1.2%
CVS CVS Health Corp. 1.35% 68,308 $5.4M Add +1.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.35% 94,456 $5.4M Add +0.3%
SNA Snap-on Inc. 1.33% 18,200 $5.4M Add +0.1%
UPS United Parcel Service Class B 1.33% 36,161 $5.4M Add +1.9%
INTC Intel Corp. 1.33% 121,549 $5.4M Add +2.7%
LH Laboratory CRP of Amer Hldgs 1.32% 24,467 $5.3M Add +1.4%
IEMG iShares Core MSCI Emerging 1.29% 101,150 $5.2M Reduce -0.7%
TMO Thermo Fisher Scientific Inc. 1.29% 8,979 $5.2M Add +1.2%
LMT Lockheed Martin Corp. 1.23% 10,935 $5.0M Add +1.7%
KO The Coca-Cola Co. 1.20% 79,445 $4.9M Reduce -0.3%
IEFA iShares Core MSCI Eafe ETF 1.20% 65,369 $4.9M Reduce -2.2%
SYY Sysco Corp. 1.20% 59,715 $4.8M Add +1.5%
OMC Omnicom Group 1.20% 50,013 $4.8M Reduce -1.0%
NEE Nextera Energy Inc. 1.11% 70,554 $4.5M Add +3.4%
XLE SS Energy Select Sector 1.10% 47,091 $4.4M Add +0.1%
IWM iShares Russell 2000 ETF 1.09% 21,041 $4.4M Reduce -0.1%
DUK Duke Energy Corp. 1.08% 45,206 $4.4M Add +2.5%
QRVO Qorvo Inc. 1.04% 36,700 $4.2M Add +8.4%
MDT Medtronic PLC 1.03% 47,900 $4.2M Add +1.7%
VZ Verizon Communications Inc. 1.03% 98,896 $4.1M Add +1.4%
USB US Bancorp 0.97% 88,241 $3.9M Add +2.7%
COP Conocophillips 0.96% 30,506 $3.9M Add +2.2%
CTAS Cintas Corp. 0.94% 5,530 $3.8M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.91% 7,008 $3.7M Reduce -1.7%
LLY Eli Lilly & Co. 0.85% 4,433 $3.4M No change
HD Home Depot Inc. 0.83% 8,805 $3.4M Reduce -5.2%
VTI VG Morningstar TS MKT ETF-US 0.80% 12,380 $3.2M No change
MGA Magna International Inc. 0.75% 56,015 $3.1M Add +3.4%
IJH iShares Core S&P Midcap ETF 0.74% 49,501 $3.0M Reduce -1.9%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.65% 33,741 $2.6M Reduce -1.9%
VB Vanguard Most SM-Cap ETF-Usd 0.61% 10,886 $2.5M Reduce -0.5%
IAU iShares Gold Trust 0.55% 52,623 $2.2M Reduce -0.3%
BBH Vaneck Biotech ETF 0.52% 12,721 $2.1M No change
IBB iShares Biotechnology ETF 0.50% 14,787 $2.0M Reduce -1.8%
GOOG Alphabet Inc. Class C 0.40% 10,720 $1.6M Reduce -6.6%
SYK Stryker Corp. 0.39% 4,354 $1.6M No change
JNJ Johnson & Johnson 0.38% 9,711 $1.5M No change
CVX Chevron Corp. 0.34% 8,808 $1.4M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.33% 3,360 $1.3M No change
CAT Caterpillar Inc. 0.32% 3,542 $1.3M No change
ORCL Oracle Corp. 0.32% 10,319 $1.3M No change
VEU Vanguard Ftse All-World Ex-U 0.31% 21,199 $1.2M Reduce -0.9%
HYD Vaneck High Yield Muni ETF 0.29% 22,512 $1.2M Reduce -1.1%
VEA Vanguard Ftse Developed ETF 0.27% 21,999 $1.1M No change
NVDA Nvidia Corp. 0.26% 1,170 $1.1M Reduce -9.3%
PAYX Paychex Inc. 0.23% 7,615 $935K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.22% 4,603 $879K No change
FTRE Fortrea Holdings Inc. 0.21% 21,554 $865K Reduce -0.5%
ITW Illinois Tool Works 0.17% 2,580 $692K No change
VWO Vanguard Ftse Emerging Marke 0.17% 16,147 $674K Reduce -3.3%
WM Waste Management Inc. 0.16% 3,090 $658K No change
YUM Yum! Brands Inc. 0.15% 4,320 $598K No change
EMR Emerson Electric Co. 0.14% 5,100 $578K No change
PFF iShares Preferred & Income S 0.13% 16,939 $545K Reduce -3.2%
MRSH Marsh & McLennan Cos 0.13% 2,620 $539K No change
PPG PPG Industries Inc. 0.13% 3,700 $536K No change
DHR Danaher Corp. 0.13% 2,078 $518K No change
QCOM Qualcomm Inc. 0.13% 3,020 $511K No change
AOR iShares Core 60/40 Balanced 0.12% 8,827 $491K No change
MMM 3M Co. 0.12% 4,394 $466K No change
PFE Pfizer Inc. 0.11% 16,763 $465K No change
ADP Automatic Data Processing 0.11% 1,715 $428K No change
GE General Electric 0.10% 2,413 $423K No change
KMB Kimberly-Clark Corp. 0.10% 3,085 $399K No change
RSP Invesco S&P 500 Equal Weight 0.10% 2,285 $387K Reduce -7.8%
NUE Nucor Corp. 0.09% 1,936 $383K No change
AGG iShares Core U.S. Aggregate 0.09% 3,857 $377K Add +3.8%
GPC Genuine Parts Co. 0.09% 2,390 $370K No change
UNH Unitedhealth Group Inc. 0.09% 740 $366K No change
QQQ Invesco QQQ Trust Series 1 0.09% 817 $362K Reduce -5.3%
BMY Bristol-Myers Squibb Co. 0.09% 6,660 $361K No change
AMGN Amgen Inc. 0.09% 1,237 $351K No change

Show all 116 holdings

Portfolio Sells Q4 2023 → Q1 2024
FAST Fastenal Co. Reduce -23.8% 2.03% −0.37
ACN Accenture PLC Class A Reduce -0.2% 1.52% −0.14
IJR iShares Core S&P Small-Cap E Reduce -0.6% 1.99% −0.12
IEMG iShares Core MSCI Emerging Reduce -0.7% 1.29% −0.08
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -1.9% 0.65% −0.06
ADM Archer-Daniels-Midland Co. Sold out 0.00% −0.06
IEFA iShares Core MSCI Eafe ETF Reduce -2.2% 1.20% −0.05
KO The Coca-Cola Co. Reduce -0.3% 1.20% −0.05
IBB iShares Biotechnology ETF Reduce -1.8% 0.50% −0.04
IWM iShares Russell 2000 ETF Reduce -0.1% 1.09% −0.03
GOOG Alphabet Inc. Class C Reduce -6.6% 0.40% −0.03
HYD Vaneck High Yield Muni ETF Reduce -1.1% 0.29% −0.02
HD Home Depot Inc. Reduce -5.2% 0.83% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -3.3% 0.17% −0.02
VEU Vanguard Ftse All-World Ex-U Reduce -0.9% 0.31% −0.01
PFF iShares Preferred & Income S Reduce -3.2% 0.13% −0.01
DHI D.R. Horton Inc. Reduce -1.3% 1.66% −0.01
RSP Invesco S&P 500 Equal Weight Reduce -7.8% 0.10% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -0.5% 0.61% −0.00
GD General Dynamics Corp. Reduce -8.3% 0.05% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -5.3% 0.09% −0.00
IWF iShares Russell 1000 Growth Reduce -4.8% 0.06% −0.00
IAU iShares Gold Trust Reduce -0.3% 0.55% −0.00
IJH iShares Core S&P Midcap ETF Reduce -1.9% 0.74% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.7% 0.91% +0.01
GOOGL Alphabet Inc. Class A Reduce -0.2% 2.00% +0.01
IVV iShares Core S&P 500 ETF Reduce -2.2% 4.25% +0.01
FTRE Fortrea Holdings Inc. Reduce -0.5% 0.21% +0.01
MSFT Microsoft Corp. Reduce -3.4% 4.52% +0.03
OMC Omnicom Group Reduce -1.0% 1.20% +0.04
CL Colgate-Palmolive Co. Reduce -0.5% 1.42% +0.06
NVDA Nvidia Corp. Reduce -9.3% 0.26% +0.09
LIN Linde PLC Reduce -0.0% 1.91% +0.10
XYL Xylem Inc. Reduce -0.1% 2.10% +0.10
XOM Exxon Mobil Corp. Reduce -0.5% 1.44% +0.10
MA Mastercard Inc. Class A Reduce -0.9% 2.60% +0.10
AMZN Amazon.com Inc. Reduce -0.4% 1.54% +0.14
JPM JPMorgan Chase & Co. Reduce -1.0% 1.87% +0.15
ABBV Abbvie Inc. Reduce -1.3% 2.39% +0.18
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 2.09% +0.18
TSCO Tractor Supply Company Reduce -0.1% 2.43% +0.28

Portfolio Buys Q4 2023 → Q1 2024
DIS The Walt Disney Co. Add +0.7% 1.38% +0.29
PG The Procter & Gamble Co. Add +0.8% 1.76% +0.07
SYY Sysco Corp. Add +1.5% 1.20% +0.06
ODFL Old Dominion Freight Line New 0.05% +0.05
COST Costco Wholesale Corp. New 0.05% +0.05
CLX Clorox Company New 0.05% +0.05
XLE SS Energy Select Sector Add +0.1% 1.10% +0.05
VZ Verizon Communications Inc. Add +1.4% 1.03% +0.05
BNY Bank of New York Mellon Corp. Add +0.3% 1.35% +0.04
COP Conocophillips Add +2.2% 0.96% +0.04
TMO Thermo Fisher Scientific Inc. Add +1.2% 1.29% +0.04
QRVO Qorvo Inc. Add +8.4% 1.04% +0.03
GIS General Mills Inc. Add +1.5% 1.81% +0.03
NEE Nextera Energy Inc. Add +3.4% 1.11% +0.01
MDT Medtronic PLC Add +1.7% 1.03% +0.00
AGG iShares Core U.S. Aggregate Add +3.8% 0.09% −0.00
USB US Bancorp Add +2.7% 0.97% −0.01
PEP Pepsico Inc. Add +2.2% 1.37% −0.03
DUK Duke Energy Corp. Add +2.5% 1.08% −0.06
SNA Snap-on Inc. Add +0.1% 1.33% −0.06
LMT Lockheed Martin Corp. Add +1.7% 1.23% −0.06
CVS CVS Health Corp. Add +1.3% 1.35% −0.07
ABT Abbott Laboratories Add +0.1% 1.74% −0.07
MGA Magna International Inc. Add +3.4% 0.75% −0.10
CMCSA Comcast Corp. Class A Add +1.2% 1.36% −0.10
LH Laboratory CRP of Amer Hldgs Add +1.4% 1.32% −0.13
CSCO Cisco Systems Inc. Add +0.8% 1.79% −0.14
UPS United Parcel Service Class B Add +1.9% 1.33% −0.15
MCD McDonald's Corp. Add +0.5% 1.70% −0.21
INTC Intel Corp. Add +2.7% 1.33% −0.25
AAPL Apple Inc. Add +0.6% 2.49% −0.50

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 120$447.1MIVV, GOOGL, CSCO, AAPL, MSFT
Q1 2026Amended 114$421.0MIVV, WMT, MSFT, GOOGL, AAPL
Q4 2025Amended 120$433.7MIVV, MSFT, AAPL, GOOGL, WMT
Q3 2025Amended 119$453.4MMSFT, IVV, AAPL, WMT, GOOGL
Q2 2025Amended 116$419.4MMSFT, IVV, WMT, AAPL, MA
Q1 2025Amended 116$405.1MIVV, MSFT, AAPL, MA, WMT
Q4 2024Amended 115$409.7MIVV, MSFT, AAPL, WMT, MA
Q3 2024Amended 115$428.2MIVV, MSFT, AAPL, WMT, MA
Q2 2024 114$395.5MMSFT, IVV, AAPL, TSCO, MA
Q1 2024 116$404.6MMSFT, IVV, MA, AAPL, TSCO