Boston Research & Management Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed September 18, 2026), Boston Research & Management Inc. reported 115 stock positions worth $428.2 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 4.4% of the portfolio, followed by Microsoft (MSFT, 4.3%) and Apple (AAPL, 3.2%). Compared with Q2 2024, it opened 6 new positions, sold out of 5, added to 48 and reduced 24. The biggest buy was a new position in Adobe (ADBE) and the biggest sale an exit from Intel (INTC).
- Most Recent 13F
- Q2 2026
- Location
- MANCHESTER, MA
- CIK
- 0001259261
- Portfolio Value
- $428.2M (Q3 2024)
- SEC Filing
- 0001259261-26-000022 ↗ filed Sep 18, 2026
Holdings Value
Holdings 115 stocks · $428.2M
| IVV iShares Core S&P 500 ETF | 4.37% | 32,415 | $18.7M | Reduce -0.2% |
| MSFT Microsoft Corp. | 4.26% | 42,351 | $18.2M | Reduce -0.7% |
| AAPL Apple Inc. | 3.16% | 58,101 | $13.5M | Add +0.2% |
| WMT Walmart Inc. | 2.58% | 136,751 | $11.0M | Reduce -0.5% |
| MA Mastercard Inc. Class A | 2.51% | 21,750 | $10.7M | Add +1.1% |
| TSCO Tractor Supply Company | 2.49% | 36,637 | $10.7M | Add +0.8% |
| ABBV Abbvie Inc. | 2.42% | 52,498 | $10.4M | Add +0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.16% | 20,094 | $9.2M | Add +1.2% |
| XYL Xylem Inc. | 2.09% | 66,406 | $9.0M | Add +3.0% |
| GOOGL Alphabet Inc. Class A | 2.06% | 53,298 | $8.8M | Add +2.6% |
| IJR iShares Core S&P Small-Cap E | 2.04% | 74,785 | $8.7M | Add +1.1% |
| GIS General Mills Inc. | 1.87% | 108,212 | $8.0M | Add +2.5% |
| CSCO Cisco Systems Inc. | 1.86% | 149,758 | $8.0M | Add +2.2% |
| JPM JPMorgan Chase & Co. | 1.83% | 37,133 | $7.8M | Add +0.0% |
| DHI D.R. Horton Inc. | 1.83% | 40,998 | $7.8M | Reduce -0.3% |
| MCD McDonald's Corp. | 1.81% | 25,476 | $7.8M | Add +2.1% |
| FAST Fastenal Co. | 1.81% | 108,565 | $7.8M | Add +2.5% |
| LIN Linde PLC | 1.81% | 16,222 | $7.7M | Reduce -1.4% |
| PG The Procter & Gamble Co. | 1.80% | 44,407 | $7.7M | Add +1.3% |
| ABT Abbott Laboratories | 1.68% | 63,211 | $7.2M | Add +2.1% |
| MRK Merck & Co. Inc. | 1.67% | 63,040 | $7.2M | Add +3.8% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.57% | 93,776 | $6.7M | Add +0.7% |
| CL Colgate-Palmolive Co. | 1.55% | 64,051 | $6.6M | Add +1.8% |
| ACN Accenture PLC Class A | 1.55% | 18,800 | $6.6M | Add +2.2% |
| AMZN Amazon.com Inc. | 1.53% | 35,228 | $6.6M | Add +2.3% |
| LMT Lockheed Martin Corp. | 1.53% | 11,199 | $6.5M | Add +2.0% |
| NEE Nextera Energy Inc. | 1.46% | 73,899 | $6.2M | Add +1.6% |
| XOM Exxon Mobil Corp. | 1.44% | 52,414 | $6.1M | Add +2.1% |
| IEMG iShares Core MSCI Emerging | 1.39% | 103,914 | $6.0M | Add +2.0% |
| PEP Pepsico Inc. | 1.37% | 34,539 | $5.9M | Add +6.4% |
| TMO Thermo Fisher Scientific Inc. | 1.35% | 9,361 | $5.8M | Add +3.3% |
| KO The Coca-Cola Co. | 1.33% | 79,310 | $5.7M | Add +0.8% |
| LH Labcorp Holdings Inc. | 1.32% | 25,369 | $5.7M | Add +2.8% |
| CMCSA Comcast Corp. Class A | 1.30% | 133,578 | $5.6M | Add +3.2% |
| SNA Snap-on Inc. | 1.28% | 18,859 | $5.5M | Add +1.7% |
| UPS United Parcel Service Class B | 1.27% | 39,836 | $5.4M | Add +8.1% |
| DUK Duke Energy Corp. | 1.25% | 46,400 | $5.3M | Add +1.3% |
| IEFA iShares Core MSCI Eafe ETF | 1.23% | 67,485 | $5.3M | Add +1.7% |
| OMC Omnicom Group | 1.21% | 50,110 | $5.2M | Add +1.9% |
| SYY Sysco Corp. | 1.16% | 63,861 | $5.0M | Add +4.9% |
| IWM iShares Russell 2000 ETF | 1.09% | 21,041 | $4.6M | No change |
| MDT Medtronic PLC | 1.08% | 51,315 | $4.6M | Add +5.8% |
| VZ Verizon Communications Inc. | 1.07% | 102,346 | $4.6M | Add +2.1% |
| CTAS Cintas Corp. | 1.05% | 21,800 | $4.5M | Reduce -1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.04% | 46,171 | $4.4M | Reduce -2.8% |
| USB US Bancorp | 0.99% | 93,011 | $4.3M | Add +2.7% |
| XLE SS Energy Select Sector | 0.98% | 47,941 | $4.2M | Add +3.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.95% | 7,114 | $4.1M | Reduce -0.2% |
| QRVO Qorvo Inc. | 0.93% | 38,599 | $4.0M | Add +4.3% |
| ADBE Adobe Inc. | 0.92% | 7,609 | $3.9M | New |
| CVS CVS Health Corp. | 0.91% | 62,150 | $3.9M | Reduce -8.4% |
| LLY Eli Lilly & Co. | 0.87% | 4,188 | $3.7M | Reduce -5.5% |
| HD Home Depot Inc. | 0.83% | 8,805 | $3.6M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.82% | 12,380 | $3.5M | No change |
| COP Conocophillips | 0.80% | 32,719 | $3.4M | Add +6.2% |
| IJH iShares Core S&P Midcap ETF | 0.72% | 49,738 | $3.1M | Add +0.3% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.63% | 33,385 | $2.7M | Reduce -0.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.59% | 10,619 | $2.5M | Reduce -0.3% |
| IAU iShares Gold Trust | 0.58% | 50,383 | $2.5M | Reduce -2.2% |
| BBH Vaneck Biotech ETF | 0.50% | 11,971 | $2.1M | Reduce -3.1% |
| IBB iShares Biotechnology ETF | 0.43% | 12,657 | $1.8M | Reduce -11.1% |
| ORCL Oracle Corp. | 0.41% | 10,319 | $1.8M | No change |
| GOOG Alphabet Inc. Class C | 0.40% | 10,155 | $1.7M | Add +0.1% |
| SYK Stryker Corp. | 0.37% | 4,354 | $1.6M | No change |
| JNJ Johnson & Johnson | 0.37% | 9,661 | $1.6M | Reduce -0.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.34% | 23,073 | $1.5M | Add +5.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.33% | 3,367 | $1.4M | Add +0.2% |
| CAT Caterpillar Inc. | 0.32% | 3,542 | $1.4M | No change |
| NVDA Nvidia Corp. | 0.31% | 11,100 | $1.3M | Reduce -5.1% |
| CVX Chevron Corp. | 0.30% | 8,608 | $1.3M | No change |
| VEA Vanguard Ftse Developed ETF | 0.27% | 21,999 | $1.2M | No change |
| HYD Vaneck High Yield Muni ETF | 0.25% | 19,859 | $1.1M | Reduce -4.0% |
| PAYX Paychex Inc. | 0.24% | 7,590 | $1.0M | Reduce -0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 4,433 | $980K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.18% | 16,147 | $773K | No change |
| ITW Illinois Tool Works | 0.16% | 2,580 | $676K | No change |
| WM Waste Management Inc. | 0.15% | 3,090 | $641K | No change |
| YUM Yum! Brands Inc. | 0.14% | 4,320 | $604K | No change |
| MMM 3M Co. | 0.14% | 4,394 | $601K | No change |
| MRSH Marsh & McLennan Cos | 0.14% | 2,620 | $584K | No change |
| EMR Emerson Electric Co. | 0.13% | 5,100 | $558K | No change |
| DHR Danaher Corp. | 0.12% | 1,918 | $533K | Reduce -7.7% |
| PFF iShares Preferred & Income S | 0.12% | 15,897 | $528K | Reduce -0.4% |
| QCOM Qualcomm Inc. | 0.12% | 3,020 | $514K | No change |
| AOR iShares Core 60/40 Balanced | 0.12% | 8,637 | $512K | Add +1.1% |
| PPG PPG Industries Inc. | 0.11% | 3,700 | $490K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.11% | 2,675 | $479K | Add +3.6% |
| ADP Automatic Data Processing | 0.11% | 1,715 | $475K | No change |
| GE General Electric filed as GE AEROSPACE | 0.11% | 2,413 | $455K | No change |
| PFE Pfizer Inc. | 0.10% | 15,027 | $435K | Reduce -10.4% |
| UNH Unitedhealth Group Inc. | 0.10% | 740 | $433K | No change |
| AGG iShares Core U.S. Aggregate | 0.10% | 4,263 | $432K | Reduce -0.4% |
| KMB Kimberly-Clark Corp. | 0.10% | 3,030 | $431K | Reduce -1.8% |
| SO The Southern Co. | 0.10% | 4,710 | $425K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 817 | $399K | Add +4.3% |
| AMGN Amgen Inc. | 0.09% | 1,237 | $399K | No change |
| BXP BXP Inc. | 0.09% | 4,850 | $390K | No change |
| BMY Bristol-Myers Squibb Co. | 0.08% | 6,660 | $345K | No change |
| MAS Masco Corp. | 0.08% | 4,000 | $336K | No change |
| GPC Genuine Parts Co. | 0.08% | 2,390 | $334K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $4.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 103,120 | $4.6M | New |
Total filed on the 13F, all lines: $432.8M.
Portfolio Sells Q2 2024 → Q3 2024
| INTC Intel Corp. | Sold out | 0.00% | −0.98 |
| MGA Magna International Inc. | Sold out | 0.00% | −0.70 |
| MSFT Microsoft Corp. | Reduce -0.7% | 4.26% | −0.56 |
| DIS The Walt Disney Co. | Reduce -2.8% | 1.04% | −0.15 |
| LLY Eli Lilly & Co. | Reduce -5.5% | 0.87% | −0.15 |
| IVV iShares Core S&P 500 ETF | Reduce -0.2% | 4.37% | −0.13 |
| FTRE Fortrea Holdings Inc. | Sold out | 0.00% | −0.12 |
| CVS CVS Health Corp. | Reduce -8.4% | 0.91% | −0.10 |
| IBB iShares Biotechnology ETF | Reduce -11.1% | 0.43% | −0.06 |
| BA The Boeing Co. | Sold out | 0.00% | −0.06 |
| NVDA Nvidia Corp. | Reduce -5.1% | 0.31% | −0.05 |
| BBH Vaneck Biotech ETF | Reduce -3.1% | 0.50% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.2% | 0.95% | −0.03 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -0.0% | 0.63% | −0.03 |
| HYD Vaneck High Yield Muni ETF | Reduce -4.0% | 0.25% | −0.02 |
| LIN Linde PLC | Reduce -1.4% | 1.81% | −0.02 |
| PFE Pfizer Inc. | Reduce -10.4% | 0.10% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -1.8% | 0.10% | −0.01 |
| DHR Danaher Corp. | Reduce -7.7% | 0.12% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -0.4% | 0.10% | −0.00 |
| PFF iShares Preferred & Income S | Reduce -0.4% | 0.12% | −0.00 |
| CAMH Cambridge Heart Inc. | Sold out | 0.00% | 0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.3% | 0.59% | +0.00 |
| JNJ Johnson & Johnson | Reduce -0.5% | 0.37% | +0.01 |
| PAYX Paychex Inc. | Reduce -0.3% | 0.24% | +0.01 |
| IAU iShares Gold Trust | Reduce -2.2% | 0.58% | +0.01 |
| CTAS Cintas Corp. | Reduce -1.4% | 1.05% | +0.07 |
| WMT Walmart Inc. | Reduce -0.5% | 2.58% | +0.23 |
| DHI D.R. Horton Inc. | Reduce -0.3% | 1.83% | +0.36 |
Portfolio Buys Q2 2024 → Q3 2024
| ADBE Adobe Inc. | New | 0.92% | +0.92 |
| LMT Lockheed Martin Corp. | Add +2.0% | 1.53% | +0.23 |
| MCD McDonald's Corp. | Add +2.1% | 1.81% | +0.20 |
| GIS General Mills Inc. | Add +2.5% | 1.87% | +0.18 |
| BNY Bank of New York Mellon Corp. | Add +0.7% | 1.57% | +0.16 |
| NEE Nextera Energy Inc. | Add +1.6% | 1.46% | +0.16 |
| ABBV Abbvie Inc. | Add +0.2% | 2.42% | +0.15 |
| ACN Accenture PLC Class A | Add +2.2% | 1.55% | +0.14 |
| FAST Fastenal Co. | Add +2.5% | 1.81% | +0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.2% | 2.16% | +0.12 |
| MDT Medtronic PLC | Add +5.8% | 1.08% | +0.11 |
| MA Mastercard Inc. Class A | Add +1.1% | 2.51% | +0.11 |
| CSCO Cisco Systems Inc. | Add +2.2% | 1.86% | +0.10 |
| OMC Omnicom Group | Add +1.9% | 1.21% | +0.09 |
| DUK Duke Energy Corp. | Add +1.3% | 1.25% | +0.09 |
| TMO Thermo Fisher Scientific Inc. | Add +3.3% | 1.35% | +0.09 |
| USB US Bancorp | Add +2.7% | 0.99% | +0.08 |
| AAPL Apple Inc. | Add +0.2% | 3.16% | +0.07 |
| KO The Coca-Cola Co. | Add +0.8% | 1.33% | +0.07 |
| SYY Sysco Corp. | Add +4.9% | 1.16% | +0.07 |
| ABT Abbott Laboratories | Add +2.1% | 1.68% | +0.06 |
| LH Labcorp Holdings Inc. | Add +2.8% | 1.32% | +0.05 |
| CLX Clorox Company | New | 0.05% | +0.05 |
| AXP American Express Co. | New | 0.05% | +0.05 |
| SNA Snap-on Inc. | Add +1.7% | 1.28% | +0.05 |
| RTX RTX Corp. | New | 0.05% | +0.05 |
| AFL Aflac Inc. | New | 0.05% | +0.05 |
| IJR iShares Core S&P Small-Cap E | Add +1.1% | 2.04% | +0.05 |
| WEC WEC Energy Group Inc. | New | 0.05% | +0.05 |
| VZ Verizon Communications Inc. | Add +2.1% | 1.07% | +0.03 |
| CMCSA Comcast Corp. Class A | Add +3.2% | 1.30% | +0.02 |
| PEP Pepsico Inc. | Add +6.4% | 1.37% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +5.5% | 0.34% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +2.0% | 1.39% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +1.7% | 1.23% | +0.01 |
| CL Colgate-Palmolive Co. | Add +1.8% | 1.55% | +0.01 |
| TSCO Tractor Supply Company | Add +0.8% | 2.49% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +3.6% | 0.11% | +0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.2% | 0.33% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.3% | 0.09% | −0.00 |
| AOR iShares Core 60/40 Balanced | Add +1.1% | 0.12% | −0.00 |
| UPS United Parcel Service Class B | Add +8.1% | 1.27% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Add +0.3% | 0.72% | −0.01 |
| PG The Procter & Gamble Co. | Add +1.3% | 1.80% | −0.03 |
| XOM Exxon Mobil Corp. | Add +2.1% | 1.44% | −0.06 |
| JPM JPMorgan Chase & Co. | Add +0.0% | 1.83% | −0.07 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.40% | −0.07 |
| COP Conocophillips | Add +6.2% | 0.80% | −0.09 |
| XLE SS Energy Select Sector | Add +3.3% | 0.98% | −0.09 |
| XYL Xylem Inc. | Add +3.0% | 2.09% | −0.12 |
Notes & Other Activity Q2 2024 → Q3 2024
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | New | 103,120 | $4.6M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 120 | $447.1M | IVV, GOOGL, CSCO, AAPL, MSFT |
| Q1 2026Amended | 114 | $421.0M | IVV, WMT, MSFT, GOOGL, AAPL |
| Q4 2025Amended | 120 | $433.7M | IVV, MSFT, AAPL, GOOGL, WMT |
| Q3 2025Amended | 119 | $453.4M | MSFT, IVV, AAPL, WMT, GOOGL |
| Q2 2025Amended | 116 | $419.4M | MSFT, IVV, WMT, AAPL, MA |
| Q1 2025Amended | 116 | $405.1M | IVV, MSFT, AAPL, MA, WMT |
| Q4 2024Amended | 115 | $409.7M | IVV, MSFT, AAPL, WMT, MA |
| Q3 2024Amended | 115 | $428.2M | IVV, MSFT, AAPL, WMT, MA |
| Q2 2024 | 114 | $395.5M | MSFT, IVV, AAPL, TSCO, MA |
| Q1 2024 | 116 | $404.6M | MSFT, IVV, MA, AAPL, TSCO |