New England Research & Management, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 9, 2025), New England Research & Management, Inc. reported 147 stock positions worth $210.5 million. Its top holding was Alphabet Class A (GOOGL) at 4.1% of the portfolio, followed by Apple (AAPL, 3.5%) and United Rentals (URI, 3.1%). Compared with Q1 2025, it opened 30 new positions, sold out of 29, added to 41 and reduced 50. The biggest buy was a new position in Fortinet (FTNT) and the biggest sale an exit from BlackRock (BLK).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001596077
Portfolio Value
$210.5M (Q2 2025)
SEC Filing
0001596077-25-000004 ↗ filed Jul 9, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $203.8M Q1 2024 Q2 2024: $208.2M Q2 2024 Q3 2024: $213.1M Q3 2024 Q4 2024: $196.5M Q4 2024 Q1 2025: $196.9M Q1 2025 Q2 2025: $210.5M $210.5M Q2 2025 Q3 2025: $217.7M Q3 2025 Q4 2025: $228.6M Q4 2025 Q1 2026: $236.6M Q1 2026 Q2 2026: $256.9M Q2 2026

Holdings 147 stocks · $210.5M
GOOGL Alphabet Inc. Class A 4.10% 49,015 $8.6M Reduce -0.1%
AAPL Apple Inc. 3.50% 35,886 $7.4M Add +4.0%
URI United Rentals Inc. 3.14% 8,785 $6.6M Add +0.5%
MSFT Microsoft Corp. 2.98% 12,630 $6.3M Add +1.9%
CHD Church & Dwight Co. Inc. 2.49% 54,600 $5.2M Reduce -2.5%
AMZN Amazon.com Inc. 2.49% 23,879 $5.2M Add +4.9%
GS Goldman Sachs Group Inc. 2.28% 6,794 $4.8M Reduce -15.3%
PWR Quanta Services Inc. 2.24% 12,481 $4.7M Reduce -0.7%
JNJ Johnson & Johnson 2.16% 29,763 $4.5M Add +0.1%
ZTS Zoetis Inc. 1.84% 24,788 $3.9M Add +0.7%
BRK.B Berkshire Hathaway Inc. Class B 1.82% 7,870 $3.8M Add +0.3%
ABBV Abbvie Inc. 1.80% 20,441 $3.8M Add +7.0%
CSX CSX Corp. 1.78% 114,810 $3.7M Add +0.6%
META Meta Platforms Inc. Class A 1.69% 4,830 $3.6M Add +24.5%
DELL INC 1.62% 27,835 $3.4M Reduce -16.9%
CARR Carrier Global Corp. 1.55% 44,575 $3.3M Add +0.2%
H Hyatt Hotels Corp. Class A 1.54% 23,271 $3.3M Reduce -12.6%
HD Home Depot Inc. 1.35% 7,771 $2.8M Add +10.5%
SYY Sysco Corp. 1.33% 36,949 $2.8M Reduce -10.9%
FTNT Fortinet Inc. 1.29% 25,780 $2.7M New
AVGO Broadcom Inc. 1.27% 9,735 $2.7M Reduce -0.6%
TOL Toll Brothers Inc. 1.25% 23,010 $2.6M No change
UNH Unitedhealth Group Inc. 1.20% 8,120 $2.5M New
ETN Eaton Corp. PLC 1.19% 7,044 $2.5M Add +42.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.13% 8,070 $2.4M No change
MS Morgan Stanley 1.04% 15,519 $2.2M Reduce -1.1%
LLY Eli Lilly & Co. 1.04% 2,801 $2.2M Add +3.3%
XOM Exxon Mobil Corp. 1.02% 19,852 $2.1M Add +9.9%
UBER Uber Technologies Inc. 0.98% 22,069 $2.1M Reduce -49.4%
NEE Nextera Energy Inc. 0.94% 28,628 $2.0M Add +2.9%
GOOG Alphabet Inc. Class C 0.89% 10,591 $1.9M Add +1.9%
AWK American Water Works Co. Inc. 0.89% 13,500 $1.9M New
NFLX Netflix Inc. 0.87% 1,361 $1.8M Reduce -35.9%
LII Lennox International Inc. 0.86% 3,170 $1.8M Reduce -0.3%
MRK Merck & Co. Inc. 0.84% 22,405 $1.8M Reduce -10.6%
VRT Vertiv Holdings Co. Class A 0.78% 12,780 $1.6M Add +24.8%
IR Ingersoll-Rand Inc. 0.77% 19,612 $1.6M Reduce -0.4%
A Agilent Technologies Inc. 0.77% 13,775 $1.6M Reduce -3.2%
KO The Coca-Cola Co. 0.77% 22,858 $1.6M Add +0.7%
UTHR United Therapeutics Corp. 0.75% 5,525 $1.6M Reduce -2.2%
TER Teradyne Inc. 0.74% 17,210 $1.5M New
V Visa Inc. Class A 0.73% 4,354 $1.5M Reduce -16.8%
CP Canadian Pacific Kansas City 0.72% 19,193 $1.5M Reduce -0.4%
INVH Invitation Homes Inc. 0.72% 46,214 $1.5M Add +0.9%
MCD McDonald's Corp. 0.72% 5,159 $1.5M Add +2.6%
UNP Union Pacific Corp. 0.70% 6,443 $1.5M No change
APO Apollo Global Management Inc. 0.68% 10,100 $1.4M New
ABT Abbott Laboratories 0.67% 10,334 $1.4M Reduce -45.3%
TFC Truist Financial Corp. 0.66% 32,075 $1.4M Reduce -2.2%
BMY Bristol-Myers Squibb Co. 0.65% 29,569 $1.4M Reduce -2.3%
WM Waste Management Inc. 0.65% 5,985 $1.4M Reduce -12.8%
PANW Palo Alto Networks Inc. 0.65% 6,668 $1.4M Add +191.1%
DAL Delta Air Lines Inc. 0.64% 27,275 $1.3M Reduce -0.4%
PG The Procter & Gamble Co. 0.64% 8,420 $1.3M Add +4.6%
LEN Lennar Corp. Class A 0.63% 12,045 $1.3M Reduce -2.7%
AMGN Amgen Inc. 0.61% 4,620 $1.3M Add +81.7%
KMB Kimberly-Clark Corp. 0.61% 9,949 $1.3M Reduce -10.8%
UPS United Parcel Service Class B 0.61% 12,660 $1.3M Reduce -3.9%
ALAB Astera Labs Inc. 0.59% 13,825 $1.3M New
NKE Nike Inc. Class B 0.59% 17,475 $1.2M No change
CB Chubb Ltd. 0.59% 4,282 $1.2M New
PFE Pfizer Inc. 0.56% 48,726 $1.2M Reduce -12.4%
TRMB Trimble Inc. 0.55% 15,340 $1.2M Reduce -1.9%
NVDA Nvidia Corp. 0.54% 7,253 $1.1M Add +17.2%
BSX Boston Scientific Corp. 0.54% 10,550 $1.1M New
AZN Astrazeneca PLC-Spons ADR 0.53% 15,950 $1.1M No change
WASH Washington Trust Bancorp 0.53% 39,229 $1.1M No change
LIN Linde PLC 0.52% 2,330 $1.1M New
GE General Electric filed as GE AEROSPACE 0.52% 4,222 $1.1M Add +30.0%
TMO Thermo Fisher Scientific Inc. 0.49% 2,548 $1.0M Add +28.6%
MAS Masco Corp. 0.48% 15,850 $1.0M Reduce -12.8%
MAR Marriott International Class A 0.48% 3,725 $1.0M Reduce -1.2%
SBUX Starbucks Corp. 0.48% 11,087 $1.0M Add +105.8%
TKR Timken Co. 0.46% 13,350 $969K Reduce -4.5%
MA Mastercard Inc. Class A 0.46% 1,715 $964K Add +0.6%
MC Moelis & Co. Class A 0.46% 15,375 $958K Add +1.6%
ABNB Airbnb Inc. Class A 0.44% 7,000 $926K New
MDLZ Mondelez International Inc. Class A 0.44% 13,627 $919K Add +2.8%
FISV Fiserv Inc. 0.43% 5,195 $896K Add +363.4%
TDG Transdigm Group Inc. 0.42% 575 $874K Reduce -28.6%
INDB Independent Bank Corp. 0.41% 13,765 $866K Reduce -0.9%
RY Royal Bank of Canada 0.39% 6,300 $829K New
PNR Pentair PLC 0.39% 8,050 $826K Reduce -8.0%
MRVL Marvell Technology Inc. 0.38% 10,425 $807K New
AIR Aar Corp. 0.37% 11,325 $779K Reduce -13.9%
LRCX Lam Research Corp. 0.36% 7,850 $764K Add +27.3%
CL Colgate-Palmolive Co. 0.36% 8,288 $753K No change
J Jacobs Solutions Inc. 0.34% 5,515 $725K Add +1.2%
AMT American Tower Corp. 0.33% 3,150 $696K New
CFG Citizens Financial Group 0.32% 14,837 $664K No change
PEP Pepsico Inc. 0.31% 4,976 $657K Reduce -7.3%
DDOG Datadog Inc. Class A 0.31% 4,800 $645K No change
LUV Southwest Airlines Co. 0.30% 19,757 $641K Reduce -33.5%
BALL Ball Corp. 0.30% 11,270 $632K New
EMR Emerson Electric Co. 0.30% 4,708 $628K Add +21.0%
ASML ASML Holding NV-NY Reg SHS 0.29% 761 $610K Add +0.1%
MOD Modine Manufacturing Co. 0.29% 6,175 $608K New
CSCO Cisco Systems Inc. 0.29% 8,740 $606K Reduce -18.1%
MDT Medtronic PLC 0.28% 6,788 $592K Reduce -31.9%
APD Air Products & Chemicals Inc. 0.27% 2,025 $571K New
WMT Walmart Inc. 0.26% 5,599 $547K Reduce -35.1%
JAZZ Jazz Pharmaceuticals PLC 0.25% 5,027 $533K Reduce -0.5%
QSR Restaurant Brands Intern 0.25% 7,949 $527K Reduce -1.2%
PATK Patrick Industries Inc. 0.25% 5,661 $522K No change
TTEK Tetra Tech Inc. 0.25% 14,525 $522K Reduce -0.3%
MMM 3M Co. 0.24% 3,375 $514K Add +6.5%
DCI Donaldson Co. Inc. 0.24% 7,279 $505K Reduce -22.4%
SPG Simon Property Group Inc. 0.24% 3,100 $498K Add +23.8%
VRTX Vertex Pharmaceuticals Inc. 0.22% 1,060 $472K New
VIRT Virtu Financial Inc. Class A 0.22% 10,500 $470K New
NEM Newmont Corp. 0.22% 7,950 $463K New
INTU Intuit Inc. 0.22% 586 $462K No change
LHX L3HARRIS Technologies Inc. 0.21% 1,800 $452K No change
FICO Fair Isaac Corp. 0.21% 245 $448K No change
GIS General Mills Inc. 0.20% 8,125 $421K No change
AB Alliancebernstein Holding LP 0.19% 9,900 $404K Reduce -14.7%
ANSS Ansys Inc. 0.19% 1,150 $404K New
ALL Allstate Corp. 0.19% 2,000 $403K No change
KMX Carmax Inc. 0.18% 5,750 $386K New
GEV GE Vernova Inc. 0.18% 710 $376K Reduce -84.9%
HSY The Hershey Co. 0.18% 2,250 $373K New
XYL Xylem Inc. 0.17% 2,744 $355K No change
DRI Darden Restaurants Inc. 0.16% 1,591 $347K No change
IBP Installed Building Products 0.16% 1,925 $347K No change
CME Cme Group Inc. 0.16% 1,225 $338K New
HON Honeywell International Inc. 0.16% 1,423 $331K Add +1.8%
AVT Avnet Inc. 0.16% 6,225 $330K No change
REGN Regeneron Pharmaceuticals 0.15% 605 $318K No change
JPM JPMorgan Chase & Co. 0.15% 1,089 $316K Add +2.3%
HUBS HubSpot Inc. 0.15% 560 $312K No change
POOL Pool Corp. 0.15% 1,050 $306K New
LNT Alliant Energy Corp. 0.14% 5,050 $305K New
HST Host Hotels & Resorts Inc. 0.14% 19,500 $300K Reduce -1.5%
EFX Equifax Inc. 0.13% 1,050 $272K No change
CNI Canadian Natl Railway Co. 0.13% 2,600 $271K No change
TOST Toast Inc. Class A 0.13% 6,100 $270K New
K Kellanova 0.12% 3,310 $263K No change
NTRA Natera Inc. 0.12% 1,550 $262K New
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.12% 250 $260K Reduce -9.1%
IDXX Idexx Laboratories Inc. 0.11% 445 $239K Reduce -47.3%
CFR Cullen/Frost Bankers Inc. 0.11% 1,800 $231K Add +1.4%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.11% 2,785 $225K New
RDDT Reddit Inc. Class A 0.10% 1,450 $218K New
CMCSA Comcast Corp. Class A 0.10% 6,065 $216K Reduce -0.4%
TRV The Travelers Cos Inc. 0.10% 787 $211K No change
PB Prosperity Bancshares Inc. 0.10% 2,975 $209K No change
COMP Compass Inc. Class A 0.04% 13,525 $85K New

Portfolio Sells Q1 2025 → Q2 2025
BLK BlackRock Inc. Sold out 0.00% −1.86
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.73
CHD Church & Dwight Co. Inc. Reduce -2.5% 2.49% −0.64
UBER Uber Technologies Inc. Reduce -49.4% 0.98% −0.64
ABT Abbott Laboratories Reduce -45.3% 0.67% −0.60
CMA Comerica Inc. Sold out 0.00% −0.59
MLM Martin Marietta Materials Sold out 0.00% −0.57
GEV GE Vernova Inc. Reduce -84.9% 0.18% −0.55
PCAR Paccar Inc. Sold out 0.00% −0.51
APH Amphenol Corp. Class A Sold out 0.00% −0.47
WFC Wells Fargo & Co. Sold out 0.00% −0.39
ORCL Oracle Corp. Sold out 0.00% −0.38
FLR Fluor Corp. Sold out 0.00% −0.38
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −0.37
COST Costco Wholesale Corp. Sold out 0.00% −0.36
TTD Trade Desk Inc./the Class A Sold out 0.00% −0.34
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.34
VLO Valero Energy Corp. Sold out 0.00% −0.33
MRK Merck & Co. Inc. Reduce -10.6% 0.84% −0.30
BMY Bristol-Myers Squibb Co. Reduce -2.3% 0.65% −0.29
IBKR Interactive Brokers Gro Class A Sold out 0.00% −0.27
SYY Sysco Corp. Reduce -10.9% 1.33% −0.25
LUV Southwest Airlines Co. Reduce -33.5% 0.30% −0.20
CCJ Cameco Corp. Sold out 0.00% −0.20
CE Celanese Corp. Sold out 0.00% −0.20
V Visa Inc. Class A Reduce -16.8% 0.73% −0.20
KMB Kimberly-Clark Corp. Reduce -10.8% 0.61% −0.20
ULTA Ulta Beauty Inc. Sold out 0.00% −0.19
BellRing Brands, Inc. Sold out 0.00% −0.19
ENS Enersys Sold out 0.00% −0.18
BDX Becton Dickinson and Co. Sold out 0.00% −0.18
MDT Medtronic PLC Reduce -31.9% 0.28% −0.17
CRM Salesforce Inc. Sold out 0.00% −0.17
DT Dynatrace Inc. Sold out 0.00% −0.16
MAS Masco Corp. Reduce -12.8% 0.48% −0.16
WM Waste Management Inc. Reduce -12.8% 0.65% −0.16
PFE Pfizer Inc. Reduce -12.4% 0.56% −0.16
LULU Lululemon Athletica Inc. Sold out 0.00% −0.15
TDG Transdigm Group Inc. Reduce -28.6% 0.42% −0.15
NFLX Netflix Inc. Reduce -35.9% 0.87% −0.14
UTHR United Therapeutics Corp. Reduce -2.2% 0.75% −0.13
UPS United Parcel Service Class B Reduce -3.9% 0.61% −0.13
CMCO Columbus McKinnon Corp. Sold out 0.00% −0.13
WMT Walmart Inc. Reduce -35.1% 0.26% −0.12
LH Laboratory CRP of Amer Hldgs Sold out 0.00% −0.12
ACMR Acm Research Inc. Class A Sold out 0.00% −0.11
H Hyatt Hotels Corp. Class A Reduce -12.6% 1.54% −0.11
SLB SLB Ltd. Sold out 0.00% −0.10
PEP Pepsico Inc. Reduce -7.3% 0.31% −0.10
LEN Lennar Corp. Class A Reduce -2.7% 0.63% −0.09

Portfolio Buys Q1 2025 → Q2 2025
FTNT Fortinet Inc. New 1.29% +1.29
UNH Unitedhealth Group Inc. New 1.20% +1.20
AWK American Water Works Co. Inc. New 0.89% +0.89
TER Teradyne Inc. New 0.74% +0.74
APO Apollo Global Management Inc. New 0.68% +0.68
MSFT Microsoft Corp. Add +1.9% 2.98% +0.62
ALAB Astera Labs Inc. New 0.59% +0.59
CB Chubb Ltd. New 0.59% +0.59
META Meta Platforms Inc. Class A Add +24.5% 1.69% +0.56
BSX Boston Scientific Corp. New 0.54% +0.54
LIN Linde PLC New 0.52% +0.52
ETN Eaton Corp. PLC Add +42.5% 1.19% +0.51
PANW Palo Alto Networks Inc. Add +191.1% 0.65% +0.45
ABNB Airbnb Inc. Class A New 0.44% +0.44
VRT Vertiv Holdings Co. Class A Add +24.8% 0.78% +0.40
RY Royal Bank of Canada New 0.39% +0.39
MRVL Marvell Technology Inc. New 0.38% +0.38
URI United Rentals Inc. Add +0.5% 3.14% +0.36
AMT American Tower Corp. New 0.33% +0.33
BALL Ball Corp. New 0.30% +0.30
FISV Fiserv Inc. Add +363.4% 0.43% +0.30
MOD Modine Manufacturing Co. New 0.29% +0.29
AMZN Amazon.com Inc. Add +4.9% 2.49% +0.29
APD Air Products & Chemicals Inc. New 0.27% +0.27
VRTX Vertex Pharmaceuticals Inc. New 0.22% +0.22
VIRT Virtu Financial Inc. Class A New 0.22% +0.22
NEM Newmont Corp. New 0.22% +0.22
SBUX Starbucks Corp. Add +105.8% 0.48% +0.21
AMGN Amgen Inc. Add +81.7% 0.61% +0.21
NVDA Nvidia Corp. Add +17.2% 0.54% +0.20
ANSS Ansys Inc. New 0.19% +0.19
GE General Electric Add +30.0% 0.52% +0.19
KMX Carmax Inc. New 0.18% +0.18
HSY The Hershey Co. New 0.18% +0.18
CME Cme Group Inc. New 0.16% +0.16
POOL Pool Corp. New 0.15% +0.15
LNT Alliant Energy Corp. New 0.14% +0.14
LRCX Lam Research Corp. Add +27.3% 0.36% +0.14
TOST Toast Inc. Class A New 0.13% +0.13
NTRA Natera Inc. New 0.12% +0.12
CARR Carrier Global Corp. Add +0.2% 1.55% +0.12
EL Estee Lauder Companies Class A New 0.11% +0.11
RDDT Reddit Inc. Class A New 0.10% +0.10
EMR Emerson Electric Co. Add +21.0% 0.30% +0.08
CSX CSX Corp. Add +0.6% 1.78% +0.07
GOOG Alphabet Inc. Class C Add +1.9% 0.89% +0.07
HD Home Depot Inc. Add +10.5% 1.35% +0.04
COMP Compass Inc. Class A New 0.04% +0.04
ASML ASML Holding NV-NY Reg SHS Add +0.1% 0.29% +0.03
SPG Simon Property Group Inc. Add +23.8% 0.24% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 134$256.9MGOOGL, AAPL, URI, PWR, GEV
Q1 2026 143$236.6MGOOGL, AAPL, URI, JNJ, PWR
Q4 2025 144$228.6MGOOGL, AAPL, MSFT, URI, JNJ
Q3 2025 146$217.7MGOOGL, AAPL, URI, MSFT, AMZN
Q2 2025 147$210.5MGOOGL, AAPL, URI, MSFT, CHD
Q1 2025 146$196.9MAAPL, GOOGL, CHD, URI, JNJ
Q4 2024 143$196.5MAAPL, GOOGL, CHD, URI, MSFT
Q3 2024 158$213.1MAAPL, GOOGL, CHD, URI, MSFT
Q2 2024 164$208.2MAAPL, GOOGL, MSFT, CHD, URI
Q1 2024 158$203.8MCHD, GOOGL, MSFT, AAPL, URI