Boston Research & Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed September 4, 2026), Boston Research & Management Inc. reported 116 stock positions worth $419.4 million. Its top holding was Microsoft (MSFT) at 4.9% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.4%) and Walmart (WMT, 3.0%). Compared with Q1 2025, it opened 4 new positions, sold out of 4, added to 34 and reduced 40. The biggest buy was Amazon.com (AMZN, shares +1%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MANCHESTER, MA
- CIK
- 0001259261
- Portfolio Value
- $419.4M (Q2 2025)
- SEC Filing
- 0001259261-26-000016 ↗ filed Sep 4, 2026
Holdings Value
Holdings 116 stocks · $419.4M
| MSFT Microsoft Corp. | 4.92% | 41,500 | $20.6M | Reduce -1.7% |
| IVV iShares Core S&P 500 ETF | 4.39% | 29,624 | $18.4M | Reduce -2.6% |
| WMT Walmart Inc. | 3.02% | 129,461 | $12.7M | Reduce -1.4% |
| AAPL Apple Inc. | 2.81% | 57,443 | $11.8M | Add +0.5% |
| MA Mastercard Inc. Class A | 2.75% | 20,516 | $11.5M | Reduce -2.6% |
| JPM JPMorgan Chase & Co. | 2.43% | 35,089 | $10.2M | Reduce -1.5% |
| CSCO Cisco Systems Inc. | 2.40% | 145,129 | $10.1M | Reduce -1.2% |
| ABBV Abbvie Inc. | 2.27% | 51,286 | $9.5M | Add +0.3% |
| TSCO Tractor Supply Company | 2.22% | 176,580 | $9.3M | Add +0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.20% | 18,995 | $9.2M | Reduce -1.5% |
| GOOGL Alphabet Inc. Class A | 2.19% | 52,113 | $9.2M | Reduce -1.1% |
| FAST Fastenal Co. | 2.12% | 211,802 | $8.9M | Reduce -1.4% |
| XYL Xylem Inc. | 2.00% | 64,952 | $8.4M | Reduce -0.9% |
| IJR iShares Core S&P Small-Cap E | 1.99% | 76,260 | $8.3M | Add +3.1% |
| ABT Abbott Laboratories | 1.90% | 58,703 | $8.0M | Reduce -2.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.88% | 86,689 | $7.9M | Reduce -2.6% |
| AMZN Amazon.com Inc. | 1.82% | 34,875 | $7.7M | Add +0.8% |
| LIN Linde PLC | 1.78% | 15,924 | $7.5M | Reduce -0.3% |
| MCD McDonald's Corp. | 1.75% | 25,148 | $7.3M | Add +0.5% |
| PG The Procter & Gamble Co. | 1.71% | 44,977 | $7.2M | Add +1.3% |
| IEMG iShares Core MSCI Emerging | 1.53% | 107,177 | $6.4M | Add +1.3% |
| LH Labcorp Holdings Inc. | 1.52% | 24,221 | $6.4M | Reduce -1.2% |
| NVDA Nvidia Corp. | 1.48% | 39,380 | $6.2M | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 1.41% | 54,774 | $5.9M | Add +2.5% |
| SNA Snap-on Inc. | 1.41% | 18,967 | $5.9M | Add +2.7% |
| IEFA iShares Core MSCI Eafe ETF | 1.41% | 70,670 | $5.9M | Add +2.2% |
| GIS General Mills Inc. | 1.41% | 113,802 | $5.9M | Add +2.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.37% | 46,480 | $5.8M | Reduce -0.3% |
| CL Colgate-Palmolive Co. | 1.37% | 63,248 | $5.7M | Reduce -0.9% |
| ACN Accenture PLC Class A | 1.36% | 19,135 | $5.7M | Add +2.0% |
| DHI D.R. Horton Inc. | 1.31% | 42,522 | $5.5M | Add +5.7% |
| DUK Duke Energy Corp. | 1.29% | 45,760 | $5.4M | Add +2.1% |
| KO The Coca-Cola Co. | 1.28% | 75,979 | $5.4M | Reduce -2.1% |
| MRK Merck & Co. Inc. | 1.28% | 67,625 | $5.4M | Add +6.3% |
| NEE Nextera Energy Inc. | 1.27% | 76,923 | $5.3M | Add +2.9% |
| LMT Lockheed Martin Corp. | 1.27% | 11,529 | $5.3M | Add +3.1% |
| SYY Sysco Corp. | 1.23% | 68,311 | $5.2M | Add +3.5% |
| CMCSA Comcast Corp. Class A | 1.17% | 137,616 | $4.9M | Add +2.6% |
| PEP Pepsico Inc. | 1.15% | 36,575 | $4.8M | Add +3.3% |
| VZ Verizon Communications Inc. | 1.11% | 107,962 | $4.7M | Add +4.2% |
| ADBE Adobe Inc. | 1.10% | 11,938 | $4.6M | Add +0.5% |
| IWM iShares Russell 2000 ETF | 1.08% | 20,975 | $4.5M | Reduce -0.2% |
| CTAS Cintas Corp. | 1.08% | 20,270 | $4.5M | No change |
| TMO Thermo Fisher Scientific Inc. | 1.06% | 10,981 | $4.5M | Add +17.0% |
| USB US Bancorp | 1.06% | 98,040 | $4.4M | Add +5.3% |
| MDT Medtronic PLC | 1.05% | 50,629 | $4.4M | Add +3.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.05% | 7,095 | $4.4M | Add +0.0% |
| UPS United Parcel Service Class B | 1.03% | 42,743 | $4.3M | Add +7.0% |
| XLE SS Energy Select Sector | 0.90% | 44,546 | $3.8M | Reduce -10.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.90% | 12,380 | $3.8M | No change |
| OMC Omnicom Group | 0.86% | 50,261 | $3.6M | Add +0.7% |
| COP Conocophillips | 0.85% | 39,552 | $3.5M | Add +18.0% |
| LLY Eli Lilly & Co. | 0.78% | 4,188 | $3.3M | No change |
| HD Home Depot Inc. | 0.77% | 8,805 | $3.2M | No change |
| IJH iShares Core S&P Midcap ETF | 0.74% | 50,235 | $3.1M | Add +3.1% |
| IAU iShares Gold Trust | 0.74% | 49,863 | $3.1M | Reduce -0.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.61% | 31,784 | $2.6M | Reduce -1.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.56% | 9,993 | $2.4M | Reduce -1.9% |
| ORCL Oracle Corp. | 0.52% | 9,899 | $2.2M | Reduce -2.5% |
| SYK Stryker Corp. | 0.41% | 4,354 | $1.7M | No change |
| GOOG Alphabet Inc. Class C | 0.41% | 9,650 | $1.7M | Reduce -0.8% |
| BBH Vaneck Biotech ETF | 0.40% | 10,921 | $1.7M | Reduce -5.9% |
| JNJ Johnson & Johnson | 0.35% | 9,661 | $1.5M | No change |
| IBB iShares Biotechnology ETF | 0.35% | 11,503 | $1.5M | Reduce -4.4% |
| CAT Caterpillar Inc. | 0.33% | 3,542 | $1.4M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.30% | 18,523 | $1.2M | Reduce -8.6% |
| CVX Chevron Corp. | 0.29% | 8,520 | $1.2M | Reduce -1.0% |
| VEA Vanguard Ftse Developed ETF | 0.27% | 20,216 | $1.2M | Reduce -3.7% |
| PAYX Paychex Inc. | 0.26% | 7,555 | $1.1M | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.25% | 2,412 | $1.1M | Reduce -28.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 3,213 | $947K | No change |
| HYD Vaneck High Yield Muni ETF | 0.20% | 17,008 | $854K | Reduce -8.9% |
| WM Waste Management Inc. | 0.17% | 3,090 | $707K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.17% | 14,126 | $699K | Reduce -6.1% |
| EMR Emerson Electric Co. | 0.16% | 5,100 | $680K | No change |
| MMM 3M Co. | 0.16% | 4,394 | $669K | No change |
| YUM Yum! Brands Inc. | 0.15% | 4,320 | $640K | No change |
| ITW Illinois Tool Works | 0.15% | 2,580 | $638K | No change |
| GE General Electric filed as GE AEROSPACE | 0.15% | 2,373 | $611K | Reduce -1.7% |
| MRSH Marsh & McLennan Cos | 0.14% | 2,620 | $573K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.13% | 3,091 | $562K | Add +13.2% |
| ADP Automatic Data Processing | 0.12% | 1,630 | $503K | Reduce -5.0% |
| QCOM Qualcomm Inc. | 0.11% | 3,020 | $481K | No change |
| AGG iShares Core U.S. Aggregate | 0.11% | 4,706 | $467K | Add +9.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.11% | 845 | $466K | Add +8.8% |
| PFF iShares Preferred & Income S | 0.11% | 15,060 | $462K | Reduce -3.9% |
| AOR iShares Core 60/40 Balanced | 0.11% | 7,289 | $449K | Reduce -14.3% |
| SO The Southern Co. | 0.10% | 4,710 | $433K | No change |
| PPG PPG Industries Inc. | 0.10% | 3,700 | $421K | No change |
| TSLA Tesla Inc. | 0.10% | 1,265 | $402K | No change |
| KMB Kimberly-Clark Corp. | 0.09% | 3,030 | $391K | No change |
| DHR Danaher Corp. | 0.09% | 1,918 | $379K | No change |
| PFE Pfizer Inc. | 0.09% | 15,027 | $364K | No change |
| AMGN Amgen Inc. | 0.08% | 1,237 | $345K | No change |
| IXN iShares Global Tech ETF | 0.08% | 3,600 | $332K | No change |
| BXP BXP Inc. | 0.08% | 4,850 | $327K | No change |
| GEV GE Vernova Inc. | 0.08% | 600 | $317K | New |
| BMY Bristol-Myers Squibb Co. | 0.07% | 6,660 | $308K | No change |
| GPC Genuine Parts Co. | 0.07% | 2,390 | $290K | No change |
| COST Costco Wholesale Corp. | 0.07% | 290 | $287K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $3.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 121,960 | $3.9M | Add +12.5% |
Total filed on the 13F, all lines: $423.3M.
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.5% | 2.20% | −0.34 |
| XLE SS Energy Select Sector | Reduce -10.5% | 0.90% | −0.25 |
| CL Colgate-Palmolive Co. | Reduce -0.9% | 1.37% | −0.10 |
| MA Mastercard Inc. Class A | Reduce -2.6% | 2.75% | −0.10 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -28.4% | 0.25% | −0.10 |
| KO The Coca-Cola Co. | Reduce -2.1% | 1.28% | −0.09 |
| ABT Abbott Laboratories | Reduce -2.4% | 1.90% | −0.07 |
| CVX Chevron Corp. | Reduce -1.0% | 0.29% | −0.06 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.06 |
| LIN Linde PLC | Reduce -0.3% | 1.78% | −0.05 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.05 |
| BBH Vaneck Biotech ETF | Reduce -5.9% | 0.40% | −0.05 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.05 |
| CLX Clorox Company | Sold out | 0.00% | −0.05 |
| IBB iShares Biotechnology ETF | Reduce -4.4% | 0.35% | −0.03 |
| HYD Vaneck High Yield Muni ETF | Reduce -8.9% | 0.20% | −0.03 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -1.5% | 0.61% | −0.02 |
| AOR iShares Core 60/40 Balanced | Reduce -14.3% | 0.11% | −0.01 |
| ADP Automatic Data Processing | Reduce -5.0% | 0.12% | −0.01 |
| PFF iShares Preferred & Income S | Reduce -3.9% | 0.11% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -8.6% | 0.30% | −0.01 |
| A Agilent Technologies Inc. | Reduce -5.7% | 0.05% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -6.1% | 0.17% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -10.9% | 0.07% | +0.00 |
| RTX RTX Corp. | Reduce -2.1% | 0.06% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.9% | 0.56% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -3.7% | 0.27% | +0.01 |
| IAU iShares Gold Trust | Reduce -0.6% | 0.74% | +0.01 |
| GE General Electric | Reduce -1.7% | 0.15% | +0.03 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 0.41% | +0.03 |
| BNY Bank of New York Mellon Corp. | Reduce -2.6% | 1.88% | +0.04 |
| IWM iShares Russell 2000 ETF | Reduce -0.2% | 1.08% | +0.04 |
| FAST Fastenal Co. | Reduce -1.4% | 2.12% | +0.07 |
| XYL Xylem Inc. | Reduce -0.9% | 2.00% | +0.07 |
| LH Labcorp Holdings Inc. | Reduce -1.2% | 1.52% | +0.11 |
| CSCO Cisco Systems Inc. | Reduce -1.2% | 2.40% | +0.16 |
| ORCL Oracle Corp. | Reduce -2.5% | 0.52% | +0.17 |
| IVV iShares Core S&P 500 ETF | Reduce -2.6% | 4.39% | +0.17 |
| WMT Walmart Inc. | Reduce -1.4% | 3.02% | +0.17 |
| GOOGL Alphabet Inc. Class A | Reduce -1.1% | 2.19% | +0.18 |
| DIS The Walt Disney Co. | Reduce -0.3% | 1.37% | +0.24 |
| JPM JPMorgan Chase & Co. | Reduce -1.5% | 2.43% | +0.27 |
| NVDA Nvidia Corp. | Reduce -0.3% | 1.48% | +0.43 |
| MSFT Microsoft Corp. | Reduce -1.7% | 4.92% | +1.01 |
Portfolio Buys Q1 2025 → Q2 2025
| AMZN Amazon.com Inc. | Add +0.8% | 1.82% | +0.20 |
| IEMG iShares Core MSCI Emerging | Add +1.3% | 1.53% | +0.13 |
| IEFA iShares Core MSCI Eafe ETF | Add +2.2% | 1.41% | +0.12 |
| USB US Bancorp | Add +5.3% | 1.06% | +0.09 |
| IJR iShares Core S&P Small-Cap E | Add +3.1% | 1.99% | +0.08 |
| GEV GE Vernova Inc. | New | 0.08% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.0% | 1.05% | +0.07 |
| WOR Worthington Enterprises Inc. | New | 0.05% | +0.05 |
| TXN Texas Instruments Inc. | New | 0.05% | +0.05 |
| GS Goldman Sachs Group Inc. | New | 0.05% | +0.05 |
| DHI D.R. Horton Inc. | Add +5.7% | 1.31% | +0.04 |
| IJH iShares Core S&P Midcap ETF | Add +3.1% | 0.74% | +0.04 |
| LMT Lockheed Martin Corp. | Add +3.1% | 1.27% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +8.8% | 0.11% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +13.2% | 0.13% | +0.02 |
| SYY Sysco Corp. | Add +3.5% | 1.23% | +0.01 |
| AGG iShares Core U.S. Aggregate | Add +9.1% | 0.11% | +0.01 |
| COP Conocophillips | Add +18.0% | 0.85% | −0.02 |
| ADBE Adobe Inc. | Add +0.5% | 1.10% | −0.02 |
| MDT Medtronic PLC | Add +3.6% | 1.05% | −0.03 |
| NEE Nextera Energy Inc. | Add +2.9% | 1.27% | −0.04 |
| VZ Verizon Communications Inc. | Add +4.2% | 1.11% | −0.05 |
| CMCSA Comcast Corp. Class A | Add +2.6% | 1.17% | −0.05 |
| UPS United Parcel Service Class B | Add +7.0% | 1.03% | −0.06 |
| DUK Duke Energy Corp. | Add +2.1% | 1.29% | −0.06 |
| ACN Accenture PLC Class A | Add +2.0% | 1.36% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Add +17.0% | 1.06% | −0.09 |
| SNA Snap-on Inc. | Add +2.7% | 1.41% | −0.13 |
| MRK Merck & Co. Inc. | Add +6.3% | 1.28% | −0.13 |
| TSCO Tractor Supply Company | Add +0.9% | 2.22% | −0.16 |
| PEP Pepsico Inc. | Add +3.3% | 1.15% | −0.16 |
| OMC Omnicom Group | Add +0.7% | 0.86% | −0.16 |
| XOM Exxon Mobil Corp. | Add +2.5% | 1.41% | −0.16 |
| PG The Procter & Gamble Co. | Add +1.3% | 1.71% | −0.16 |
| MCD McDonald's Corp. | Add +0.5% | 1.75% | −0.18 |
| GIS General Mills Inc. | Add +2.9% | 1.41% | −0.23 |
| AAPL Apple Inc. | Add +0.5% | 2.81% | −0.32 |
| ABBV Abbvie Inc. | Add +0.3% | 2.27% | −0.37 |
Notes & Other Activity Q1 2025 → Q2 2025
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +12.5% | 121,960 | $3.9M |
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 |