Boston Research & Management Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed August 26, 2026), Boston Research & Management Inc. reported 114 stock positions worth $421.0 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 4.5% of the portfolio, followed by Walmart (WMT, 3.3%) and Microsoft (MSFT, 3.2%). Compared with Q4 2025, it opened 2 new positions, sold out of 8, added to 23 and reduced 48. The biggest buy was Conocophillips (COP, shares +1%) and the biggest sale Microsoft (MSFT, shares −6%).

Most Recent 13F
Q2 2026
Location
MANCHESTER, MA
CIK
0001259261
Portfolio Value
$421.0M (Q1 2026)
SEC Filing
0001259261-26-000010 ↗ filed Aug 26, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $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 $421.0M Q1 2026 Q2 2026: $447.1M Q2 2026

Holdings 114 stocks · $421.0M
IVV iShares Core S&P 500 ETF 4.51% 29,067 $19.0M Reduce -8.7%
WMT Walmart Inc. 3.25% 110,124 $13.7M Reduce -2.1%
MSFT Microsoft Corp. 3.24% 36,860 $13.6M Reduce -5.9%
GOOGL Alphabet Inc. Class A 3.01% 44,116 $12.7M Reduce -3.4%
AAPL Apple Inc. 2.99% 49,674 $12.6M Reduce -7.3%
ABBV Abbvie Inc. 2.50% 48,353 $10.5M Reduce -0.7%
CSCO Cisco Systems Inc. 2.31% 125,527 $9.7M Reduce -0.6%
JPM JPMorgan Chase & Co. 2.26% 32,364 $9.5M Reduce -2.1%
IJR iShares Core S&P Small-Cap E 2.24% 75,727 $9.4M Reduce -0.4%
FAST Fastenal Co. 2.22% 201,370 $9.3M Reduce -0.7%
XOM Exxon Mobil Corp. 2.14% 53,185 $9.0M Reduce -6.8%
BRK.B Berkshire Hathaway Inc. Class B 2.01% 17,672 $8.5M Reduce -2.4%
MA Mastercard Inc. Class A 1.99% 16,753 $8.4M Reduce -12.3%
MRK Merck & Co. Inc. 1.90% 66,572 $8.0M Add +0.9%
LIN Linde PLC 1.86% 15,768 $7.8M Add +2.9%
TSCO Tractor Supply Company 1.82% 169,475 $7.7M Add +1.7%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.82% 64,639 $7.7M Reduce -0.3%
MCD McDonald's Corp. 1.78% 24,103 $7.5M Reduce -0.3%
IEMG iShares Core MSCI Emerging 1.71% 103,306 $7.2M Reduce -0.6%
AMZN Amazon.com Inc. 1.66% 33,584 $7.0M Add +0.1%
NEE Nextera Energy Inc. 1.63% 73,976 $6.9M Reduce -0.8%
NVDA Nvidia Corp. 1.62% 39,045 $6.8M Reduce -0.4%
PG The Procter & Gamble Co. 1.61% 46,797 $6.8M Reduce -0.8%
LMT Lockheed Martin Corp. 1.60% 11,161 $6.7M Reduce -1.2%
XYL Xylem Inc. 1.59% 56,127 $6.7M Reduce -2.6%
SNA Snap-on Inc. 1.55% 17,954 $6.5M Reduce -0.9%
IEFA iShares Core MSCI Eafe ETF 1.50% 69,552 $6.3M Reduce -0.3%
LH Labcorp Holdings Inc. 1.48% 23,309 $6.2M Reduce -1.0%
ABT Abbott Laboratories 1.46% 59,677 $6.1M Add +5.2%
DUK Duke Energy Corp. 1.42% 45,712 $6.0M Add +0.7%
KO The Coca-Cola Co. 1.34% 74,107 $5.6M Reduce -0.7%
DHI D.R. Horton Inc. 1.31% 40,290 $5.5M Reduce -1.3%
COP Conocophillips 1.30% 41,560 $5.5M Add +0.9%
VZ Verizon Communications Inc. 1.29% 107,994 $5.4M Reduce -0.4%
TMO Thermo Fisher Scientific Inc. 1.26% 10,814 $5.3M Add +2.2%
PEP Pepsico Inc. 1.24% 33,750 $5.2M Reduce -0.6%
CL Colgate-Palmolive Co. 1.23% 60,669 $5.2M Add +1.0%
USB US Bancorp 1.17% 95,058 $4.9M No change
SYY Sysco Corp. 1.15% 67,636 $4.8M Add +0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.11% 48,377 $4.7M Add +3.9%
IWM iShares Russell 2000 ETF 1.09% 18,497 $4.6M Reduce -7.5%
XLE SS Energy Select Sector 1.09% 74,733 $4.6M Reduce -1.3%
SPY SS SPDR S&P 500 ETF Trust-US 1.08% 7,006 $4.6M Reduce -0.6%
LLY Eli Lilly & Co. 1.06% 4,833 $4.4M Add +16.5%
MDT Medtronic PLC 1.04% 50,547 $4.4M Add +3.1%
UPS United Parcel Service Class B 0.99% 42,437 $4.2M Add +8.1%
IAU iShares Gold Trust 0.98% 46,825 $4.1M Reduce -0.3%
EQIX Equinix Inc. 0.96% 4,106 $4.0M Add +4.9%
GIS General Mills Inc. 0.95% 107,872 $4.0M Add +7.8%
VTI VG Morningstar TS MKT ETF-US 0.94% 12,380 $4.0M No change
OMC Omnicom Group 0.84% 47,048 $3.5M Reduce -0.3%
CMCSA Comcast Corp. Class A 0.84% 122,976 $3.5M Add +26.8%
ACN Accenture PLC Class A 0.83% 17,696 $3.5M Reduce -3.3%
CTAS Cintas Corp. 0.81% 20,270 $3.4M No change
IJH iShares Core S&P Midcap ETF 0.81% 50,493 $3.4M Reduce -3.5%
ADBE Adobe Inc. 0.79% 13,729 $3.3M Add +33.4%
HD Home Depot Inc. 0.69% 8,805 $2.9M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.61% 32,126 $2.6M Add +0.4%
CAT Caterpillar Inc. 0.59% 3,502 $2.5M No change
JNJ Johnson & Johnson 0.56% 9,613 $2.3M No change
VB Vanguard Most SM-Cap ETF-Usd 0.52% 8,360 $2.2M Reduce -0.5%
CVX Chevron Corp. 0.38% 7,720 $1.6M Reduce -2.5%
GOOG Alphabet Inc. Class C 0.34% 5,042 $1.4M Reduce -21.9%
ORCL Oracle Corp. 0.34% 9,749 $1.4M Reduce -0.7%
SYK Stryker Corp. 0.34% 4,354 $1.4M No change
INDB Independent Bank Corp. 0.30% 17,011 $1.3M No change
VEA Vanguard Ftse Developed ETF 0.30% 19,498 $1.2M Reduce -2.8%
VEU Vanguard Ftse All-World Ex-U 0.28% 15,681 $1.2M No change
PFF iShares Preferred & Income S 0.23% 31,532 $956K Add +1.2%
RSP Invesco S&P 500 Equal Weight 0.21% 4,648 $892K Reduce -26.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 3,260 $790K No change
VWO Vanguard Ftse Emerging Marke 0.18% 13,964 $755K No change
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.18% 1,627 $754K Reduce -20.7%
WM Waste Management Inc. 0.17% 3,090 $710K No change
PAYX Paychex Inc. 0.17% 7,555 $696K No change
ITW Illinois Tool Works 0.16% 2,580 $672K No change
EMR Emerson Electric Co. 0.16% 5,100 $668K No change
HYD Vaneck High Yield Muni ETF 0.15% 12,240 $614K No change
MMM 3M Co. 0.14% 4,086 $593K Reduce -7.0%
QQQ Invesco QQQ Trust Series 1 0.12% 865 $499K Add +2.4%
AGG iShares Core U.S. Aggregate 0.11% 4,784 $475K Add +1.3%
TSLA Tesla Inc. 0.11% 1,265 $470K No change
SO The Southern Co. 0.11% 4,710 $455K No change
MRSH Marsh & McLennan Cos 0.11% 2,620 $454K No change
AOR iShares Core 60/40 Balanced 0.11% 7,001 $451K Add +0.7%
AMGN Amgen Inc. 0.10% 1,237 $435K No change
BMY Bristol-Myers Squibb Co. 0.10% 6,660 $404K No change
PPG PPG Industries Inc. 0.09% 3,700 $395K No change
QCOM Qualcomm Inc. 0.09% 3,020 $389K No change
DHR Danaher Corp. 0.09% 1,918 $364K No change
IXN iShares Global Tech ETF 0.09% 3,600 $360K No change
PFE Pfizer Inc. 0.08% 12,009 $337K Reduce -6.2%
ADP Automatic Data Processing 0.08% 1,630 $331K No change
NUE Nucor Corp. 0.08% 1,936 $327K No change
RTX RTX Corp. 0.07% 1,635 $315K No change
COST Costco Wholesale Corp. 0.07% 290 $289K No change
KMB Kimberly-Clark Corp. 0.07% 2,955 $285K No change
IWF iShares Russell 1000 Growth 0.07% 643 $274K No change
GE General Electric filed as GE AEROSPACE 0.07% 965 $274K Reduce -59.3%
IWB iShares Russell 1000 ETF 0.07% 768 $274K No change

Show all 114 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $7.2M (not counted above)
SecurityClassShares / PrincipalValueChange
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 100,820$7.2MReduce -3.1%

Total filed on the 13F, all lines: $428.3M.

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -5.9% 3.24% −1.13
MA Mastercard Inc. Class A Reduce -12.3% 1.99% −0.53
IVV iShares Core S&P 500 ETF Reduce -8.7% 4.51% −0.52
AAPL Apple Inc. Reduce -7.3% 2.99% −0.36
ACN Accenture PLC Class A Reduce -3.3% 0.83% −0.30
GOOGL Alphabet Inc. Class A Reduce -3.4% 3.01% −0.28
XYL Xylem Inc. Reduce -2.6% 1.59% −0.22
JPM JPMorgan Chase & Co. Reduce -2.1% 2.26% −0.19
IYK iShares US Consumer Staples Sold out 0.00% −0.16
YUM Yum! Brands Inc. Sold out 0.00% −0.15
GOOG Alphabet Inc. Class C Reduce -21.9% 0.34% −0.12
GE General Electric Reduce -59.3% 0.07% −0.10
ORCL Oracle Corp. Reduce -0.7% 0.34% −0.10
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.4% 2.01% −0.09
NVDA Nvidia Corp. Reduce -0.4% 1.62% −0.07
ABBV Abbvie Inc. Reduce -0.7% 2.50% −0.07
RSP Invesco S&P 500 Equal Weight Reduce -26.4% 0.21% −0.07
BA The Boeing Co. Sold out 0.00% −0.07
A Agilent Technologies Inc. Sold out 0.00% −0.05
CHRW C.H. Robinson Worldwide Inc. Sold out 0.00% −0.05
DIA SS SPDR Dow Jones Indus Avg Reduce -20.7% 0.18% −0.05
YUMC Yum China Holdings Inc. Sold out 0.00% −0.05
CVS CVS Health Corp. Sold out 0.00% −0.05
IWM iShares Russell 2000 ETF Reduce -7.5% 1.09% −0.05
DHI D.R. Horton Inc. Reduce -1.3% 1.31% −0.04
GEV GE Vernova Inc. Reduce -58.5% 0.05% −0.04
OMC Omnicom Group Reduce -0.3% 0.84% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.6% 1.08% −0.03
MMM 3M Co. Reduce -7.0% 0.14% −0.02
ESBA Empire State Realty Op LP-Es Sold out 0.00% −0.02
GPC Genuine Parts Co. Reduce -10.0% 0.05% −0.01
PFE Pfizer Inc. Reduce -6.2% 0.08% +0.01
AMAT Applied Materials Inc. Reduce -18.5% 0.06% +0.01
VEA Vanguard Ftse Developed ETF Reduce -2.8% 0.30% +0.01
IJH iShares Core S&P Midcap ETF Reduce -3.5% 0.81% +0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -0.5% 0.52% +0.02
PG The Procter & Gamble Co. Reduce -0.8% 1.61% +0.05
IEFA iShares Core MSCI Eafe ETF Reduce -0.3% 1.50% +0.06
CSCO Cisco Systems Inc. Reduce -0.6% 2.31% +0.07
MCD McDonald's Corp. Reduce -0.3% 1.78% +0.08
BNY Bank of New York Mellon Corp. Reduce -0.3% 1.82% +0.09
CVX Chevron Corp. Reduce -2.5% 0.38% +0.10
IEMG iShares Core MSCI Emerging Reduce -0.6% 1.71% +0.10
IAU iShares Gold Trust Reduce -0.3% 0.98% +0.10
SNA Snap-on Inc. Reduce -0.9% 1.55% +0.11
LH Labcorp Holdings Inc. Reduce -1.0% 1.48% +0.12
PEP Pepsico Inc. Reduce -0.6% 1.24% +0.12
IJR iShares Core S&P Small-Cap E Reduce -0.4% 2.24% +0.13
KO The Coca-Cola Co. Reduce -0.7% 1.34% +0.14
NEE Nextera Energy Inc. Reduce -0.8% 1.63% +0.25

Portfolio Buys Q4 2025 → Q1 2026
COP Conocophillips Add +0.9% 1.30% +0.41
LIN Linde PLC Add +2.9% 1.86% +0.35
MRK Merck & Co. Inc. Add +0.9% 1.90% +0.30
EQIX Equinix Inc. Add +4.9% 0.96% +0.26
DUK Duke Energy Corp. Add +0.7% 1.42% +0.19
CMCSA Comcast Corp. Class A Add +26.8% 0.84% +0.17
CL Colgate-Palmolive Co. Add +1.0% 1.23% +0.13
UPS United Parcel Service Class B Add +8.1% 0.99% +0.09
ADM Archer-Daniels-Midland Co. New 0.05% +0.05
TXN Texas Instruments Inc. New 0.05% +0.05
LLY Eli Lilly & Co. Add +16.5% 1.06% +0.03
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +0.4% 0.61% +0.01
PFF iShares Preferred & Income S Add +1.2% 0.23% +0.00
AGG iShares Core U.S. Aggregate Add +1.3% 0.11% +0.00
AOR iShares Core 60/40 Balanced Add +0.7% 0.11% +0.00
QQQ Invesco QQQ Trust Series 1 Add +2.4% 0.12% −0.00
SYY Sysco Corp. Add +0.1% 1.15% −0.00
ADBE Adobe Inc. Add +33.4% 0.79% −0.04
MDT Medtronic PLC Add +3.1% 1.04% −0.05
TSCO Tractor Supply Company Add +1.7% 1.82% −0.10
DIS The Walt Disney Co. Add +3.9% 1.11% −0.11
GIS General Mills Inc. Add +7.8% 0.95% −0.12
AMZN Amazon.com Inc. Add +0.1% 1.66% −0.12
TMO Thermo Fisher Scientific Inc. Add +2.2% 1.26% −0.15
ABT Abbott Laboratories Add +5.2% 1.46% −0.18

Notes & Other Activity Q4 2025 → Q1 2026
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Reduce -3.1% 100,820 $7.2M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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