Boston Research & Management Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Boston Research & Management Inc. reported 114 stock positions worth $395.5 million. Its top holding was Microsoft (MSFT) at 4.8% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.5%) and Apple (AAPL, 3.1%). Compared with Q1 2024, it opened 1 new position, sold out of 3, added to 34 and reduced 34. The biggest buy was Nextera Energy (NEE, shares +3%) and the biggest sale Fastenal (FAST, shares −0%).

Most Recent 13F
Q2 2026
Location
MANCHESTER, MA
CIK
0001259261
Portfolio Value
$395.5M (Q2 2024)
SEC Filing
0001259261-24-000006 ↗ filed Aug 13, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $404.6M Q1 2024 Q2 2024: $395.5M $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 114 stocks · $395.5M
MSFT Microsoft Corp. 4.82% 42,652 $19.1M Reduce -1.9%
IVV iShares Core S&P 500 ETF 4.49% 32,475 $17.8M Reduce -0.8%
AAPL Apple Inc. 3.09% 57,999 $12.2M Reduce -1.4%
TSCO Tractor Supply Company 2.48% 36,362 $9.8M Reduce -3.3%
MA Mastercard Inc. Class A 2.40% 21,507 $9.5M Reduce -1.4%
GOOGL Alphabet Inc. Class A 2.39% 51,952 $9.5M Reduce -3.2%
WMT Walmart Inc. 2.35% 137,368 $9.3M Reduce -2.3%
ABBV Abbvie Inc. 2.27% 52,413 $9.0M Reduce -1.2%
XYL Xylem Inc. 2.21% 64,476 $8.7M Reduce -1.8%
BRK.B Berkshire Hathaway Inc. Class B 2.04% 19,850 $8.1M Reduce -1.2%
IJR iShares Core S&P Small-Cap E 2.00% 74,007 $7.9M Add +1.4%
MRK Merck & Co. Inc. 1.90% 60,764 $7.5M Reduce -1.2%
JPM JPMorgan Chase & Co. 1.90% 37,120 $7.5M Reduce -1.5%
PG The Procter & Gamble Co. 1.83% 43,835 $7.2M Add +0.1%
LIN Linde PLC 1.83% 16,457 $7.2M Reduce -1.3%
CSCO Cisco Systems Inc. 1.76% 146,582 $7.0M Add +0.9%
GIS General Mills Inc. 1.69% 105,557 $6.7M Add +0.9%
AMZN Amazon.com Inc. 1.68% 34,447 $6.7M Reduce -0.6%
FAST Fastenal Co. 1.68% 105,930 $6.7M Reduce -0.3%
ABT Abbott Laboratories 1.63% 61,925 $6.4M Add +0.2%
MCD McDonald's Corp. 1.61% 24,939 $6.4M Add +2.4%
CL Colgate-Palmolive Co. 1.54% 62,926 $6.1M Reduce -1.2%
XOM Exxon Mobil Corp. 1.49% 51,354 $5.9M Add +2.4%
DHI D.R. Horton Inc. 1.47% 41,135 $5.8M Add +1.0%
ACN Accenture PLC Class A 1.41% 18,402 $5.6M Add +3.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.41% 93,161 $5.6M Reduce -1.4%
IEMG iShares Core MSCI Emerging 1.38% 101,887 $5.5M Add +0.7%
PEP Pepsico Inc. 1.35% 32,468 $5.4M Add +2.3%
NEE Nextera Energy Inc. 1.30% 72,744 $5.2M Add +3.1%
LMT Lockheed Martin Corp. 1.30% 10,980 $5.1M Add +0.4%
CMCSA Comcast Corp. Class A 1.28% 129,468 $5.1M Add +2.2%
UPS United Parcel Service Class B 1.28% 36,853 $5.0M Add +1.9%
LH Labcorp Holdings Inc. 1.27% 24,684 $5.0M Add +0.9%
TMO Thermo Fisher Scientific Inc. 1.27% 9,063 $5.0M Add +0.9%
KO The Coca-Cola Co. 1.27% 78,645 $5.0M Reduce -1.0%
SNA Snap-on Inc. 1.23% 18,541 $4.8M Add +1.9%
IEFA iShares Core MSCI Eafe ETF 1.22% 66,343 $4.8M Add +1.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.19% 47,479 $4.7M Add +3.7%
DUK Duke Energy Corp. 1.16% 45,823 $4.6M Add +1.4%
OMC Omnicom Group 1.12% 49,193 $4.4M Reduce -1.6%
SYY Sysco Corp. 1.10% 60,890 $4.3M Add +2.0%
QRVO Qorvo Inc. 1.09% 36,995 $4.3M Add +0.8%
IWM iShares Russell 2000 ETF 1.08% 21,041 $4.3M No change
XLE SS Energy Select Sector 1.07% 46,431 $4.2M Reduce -1.4%
VZ Verizon Communications Inc. 1.05% 100,241 $4.1M Add +1.4%
LLY Eli Lilly & Co. 1.01% 4,433 $4.0M No change
CVS CVS Health Corp. 1.01% 67,846 $4.0M Reduce -0.7%
INTC Intel Corp. 0.98% 125,754 $3.9M Add +3.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.98% 7,129 $3.9M Add +1.7%
CTAS Cintas Corp. 0.98% 5,530 $3.9M No change
MDT Medtronic PLC 0.96% 48,487 $3.8M Add +1.2%
USB US Bancorp 0.91% 90,531 $3.6M Add +2.6%
COP Conocophillips 0.89% 30,824 $3.5M Add +1.0%
VTI VG Morningstar TS MKT ETF-US 0.84% 12,380 $3.3M No change
HD Home Depot Inc. 0.77% 8,805 $3.0M No change
IJH iShares Core S&P Midcap ETF 0.73% 49,581 $2.9M Add +0.2%
MGA Magna International Inc. 0.70% 66,360 $2.8M Add +18.5%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.65% 33,392 $2.6M Reduce -1.0%
VB Vanguard Most SM-Cap ETF-Usd 0.59% 10,654 $2.3M Reduce -2.1%
IAU iShares Gold Trust 0.57% 51,513 $2.3M Reduce -2.1%
BBH Vaneck Biotech ETF 0.53% 12,351 $2.1M Reduce -2.9%
IBB iShares Biotechnology ETF 0.49% 14,242 $2.0M Reduce -3.7%
GOOG Alphabet Inc. Class C 0.47% 10,145 $1.9M Reduce -5.4%
SYK Stryker Corp. 0.37% 4,354 $1.5M No change
ORCL Oracle Corp. 0.37% 10,319 $1.5M No change
NVDA Nvidia Corp. 0.37% 11,700 $1.4M No change
JNJ Johnson & Johnson 0.36% 9,711 $1.4M No change
CVX Chevron Corp. 0.34% 8,608 $1.3M Reduce -2.3%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.33% 3,360 $1.3M No change
VEU Vanguard Ftse All-World Ex-U 0.32% 21,863 $1.3M Add +3.1%
CAT Caterpillar Inc. 0.30% 3,542 $1.2M No change
VEA Vanguard Ftse Developed ETF 0.27% 21,999 $1.1M No change
HYD Vaneck High Yield Muni ETF 0.27% 20,690 $1.1M Reduce -8.1%
PAYX Paychex Inc. 0.23% 7,615 $902K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 4,433 $766K Reduce -3.7%
VWO Vanguard Ftse Emerging Marke 0.18% 16,147 $706K No change
WM Waste Management Inc. 0.17% 3,090 $659K No change
ITW Illinois Tool Works 0.15% 2,580 $611K No change
QCOM Qualcomm Inc. 0.15% 3,020 $601K No change
YUM Yum! Brands Inc. 0.14% 4,320 $572K No change
EMR Emerson Electric Co. 0.14% 5,100 $561K No change
MRSH Marsh & McLennan Cos 0.14% 2,620 $552K No change
DHR Danaher Corp. 0.13% 2,078 $519K No change
PFF iShares Preferred & Income S 0.13% 15,964 $503K Reduce -5.8%
AOR iShares Core 60/40 Balanced 0.12% 8,547 $481K Reduce -3.2%
FTRE Fortrea Holdings Inc. 0.12% 20,460 $477K Reduce -5.1%
PFE Pfizer Inc. 0.12% 16,763 $469K No change
PPG PPG Industries Inc. 0.12% 3,700 $465K No change
MMM 3M Co. 0.11% 4,394 $449K No change
KMB Kimberly-Clark Corp. 0.11% 3,085 $426K No change
RSP Invesco S&P 500 Equal Weight 0.11% 2,581 $424K Add +12.9%
AGG iShares Core U.S. Aggregate 0.10% 4,280 $415K Add +11.0%
ADP Automatic Data Processing 0.10% 1,715 $409K No change
AMGN Amgen Inc. 0.10% 1,237 $386K No change
GE General Electric filed as GE AEROSPACE 0.10% 2,413 $383K No change
UNH Unitedhealth Group Inc. 0.10% 740 $376K No change
QQQ Invesco QQQ Trust Series 1 0.09% 783 $375K Reduce -4.2%
SO The Southern Co. 0.09% 4,710 $365K No change
GPC Genuine Parts Co. 0.08% 2,390 $330K No change
NUE Nucor Corp. 0.08% 1,936 $306K No change
HPQ HP Inc. 0.08% 8,680 $303K No change
BXP BXP Inc. filed as BOSTON PROPERTIES INC 0.08% 4,850 $298K No change
IXN iShares Global Tech ETF 0.08% 3,600 $298K No change
IWF iShares Russell 1000 Growth 0.07% 772 $281K No change
BMY Bristol-Myers Squibb Co. 0.07% 6,660 $276K No change
MAS Masco Corp. 0.07% 4,000 $266K No change
COST Costco Wholesale Corp. 0.06% 290 $246K No change
A Agilent Technologies Inc. 0.06% 1,841 $238K No change
BA The Boeing Co. 0.06% 1,300 $236K No change
IWB iShares Russell 1000 ETF 0.06% 768 $228K No change
GD General Dynamics Corp. 0.06% 770 $223K No change
LOW Lowe's Cos Inc. 0.05% 980 $216K No change
TXN Texas Instruments Inc. 0.05% 1,060 $206K New
CAMH Cambridge Heart Inc. 0.00% 10,200 $0 No change

Portfolio Sells Q1 2024 → Q2 2024
FAST Fastenal Co. Reduce -0.3% 1.68% −0.34
CVS CVS Health Corp. Reduce -0.7% 1.01% −0.33
MA Mastercard Inc. Class A Reduce -1.4% 2.40% −0.20
ABBV Abbvie Inc. Reduce -1.2% 2.27% −0.11
MRK Merck & Co. Inc. Reduce -1.2% 1.90% −0.10
FTRE Fortrea Holdings Inc. Reduce -5.1% 0.12% −0.09
LIN Linde PLC Reduce -1.3% 1.83% −0.09
OMC Omnicom Group Reduce -1.6% 1.12% −0.08
WOR Worthington Enterprises Inc. Sold out 0.00% −0.05
ODFL Old Dominion Freight Line Sold out 0.00% −0.05
CLX Clorox Company Sold out 0.00% −0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.2% 2.04% −0.05
XLE SS Energy Select Sector Reduce -1.4% 1.07% −0.03
VB Vanguard Most SM-Cap ETF-Usd Reduce -2.1% 0.59% −0.03
IBM Intl Business Machines Corp. Reduce -3.7% 0.19% −0.02
HYD Vaneck High Yield Muni ETF Reduce -8.1% 0.27% −0.02
PFF iShares Preferred & Income S Reduce -5.8% 0.13% −0.01
IBB iShares Biotechnology ETF Reduce -3.7% 0.49% −0.01
CVX Chevron Corp. Reduce -2.3% 0.34% −0.00
AOR iShares Core 60/40 Balanced Reduce -3.2% 0.12% +0.00
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -1.0% 0.65% +0.00
BBH Vaneck Biotech ETF Reduce -2.9% 0.53% +0.00
QQQ Invesco QQQ Trust Series 1 Reduce -4.2% 0.09% +0.01
IAU iShares Gold Trust Reduce -2.1% 0.57% +0.03
JPM JPMorgan Chase & Co. Reduce -1.5% 1.90% +0.03
TSCO Tractor Supply Company Reduce -3.3% 2.48% +0.05
KO The Coca-Cola Co. Reduce -1.0% 1.27% +0.06
BNY Bank of New York Mellon Corp. Reduce -1.4% 1.41% +0.07
GOOG Alphabet Inc. Class C Reduce -5.4% 0.47% +0.07
XYL Xylem Inc. Reduce -1.8% 2.21% +0.11
CL Colgate-Palmolive Co. Reduce -1.2% 1.54% +0.13
AMZN Amazon.com Inc. Reduce -0.6% 1.68% +0.14
IVV iShares Core S&P 500 ETF Reduce -0.8% 4.49% +0.24
WMT Walmart Inc. Reduce -2.3% 2.35% +0.26
MSFT Microsoft Corp. Reduce -1.9% 4.82% +0.30
GOOGL Alphabet Inc. Class A Reduce -3.2% 2.39% +0.39
AAPL Apple Inc. Reduce -1.4% 3.09% +0.60

Portfolio Buys Q1 2024 → Q2 2024
NEE Nextera Energy Inc. Add +3.1% 1.30% +0.19
IEMG iShares Core MSCI Emerging Add +0.7% 1.38% +0.09
DUK Duke Energy Corp. Add +1.4% 1.16% +0.08
SPY SS SPDR S&P 500 ETF Trust-US Add +1.7% 0.98% +0.07
PG The Procter & Gamble Co. Add +0.1% 1.83% +0.07
LMT Lockheed Martin Corp. Add +0.4% 1.30% +0.07
XOM Exxon Mobil Corp. Add +2.4% 1.49% +0.05
TXN Texas Instruments Inc. New 0.05% +0.05
QRVO Qorvo Inc. Add +0.8% 1.09% +0.04
VZ Verizon Communications Inc. Add +1.4% 1.05% +0.02
IEFA iShares Core MSCI Eafe ETF Add +1.5% 1.22% +0.02
VEU Vanguard Ftse All-World Ex-U Add +3.1% 0.32% +0.02
AGG iShares Core U.S. Aggregate Add +11.0% 0.10% +0.01
RSP Invesco S&P 500 Equal Weight Add +12.9% 0.11% +0.01
IJR iShares Core S&P Small-Cap E Add +1.4% 2.00% +0.00
IJH iShares Core S&P Midcap ETF Add +0.2% 0.73% −0.01
PEP Pepsico Inc. Add +2.3% 1.35% −0.02
TMO Thermo Fisher Scientific Inc. Add +0.9% 1.27% −0.02
CSCO Cisco Systems Inc. Add +0.9% 1.76% −0.03
LH Labcorp Holdings Inc. Add +0.9% 1.27% −0.05
MGA Magna International Inc. Add +18.5% 0.70% −0.05
UPS United Parcel Service Class B Add +1.9% 1.28% −0.05
USB US Bancorp Add +2.6% 0.91% −0.07
MDT Medtronic PLC Add +1.2% 0.96% −0.07
COP Conocophillips Add +1.0% 0.89% −0.07
CMCSA Comcast Corp. Class A Add +2.2% 1.28% −0.08
MCD McDonald's Corp. Add +2.4% 1.61% −0.09
SYY Sysco Corp. Add +2.0% 1.10% −0.10
SNA Snap-on Inc. Add +1.9% 1.23% −0.11
ABT Abbott Laboratories Add +0.2% 1.63% −0.11
ACN Accenture PLC Class A Add +3.4% 1.41% −0.11
GIS General Mills Inc. Add +0.9% 1.69% −0.12
DHI D.R. Horton Inc. Add +1.0% 1.47% −0.19
DIS The Walt Disney Co. Add +3.7% 1.19% −0.19
INTC Intel Corp. Add +3.5% 0.98% −0.34

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