New England Research & Management, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 6, 2025), New England Research & Management, Inc. reported 146 stock positions worth $217.7 million. Its top holding was Alphabet Class A (GOOGL) at 4.5% of the portfolio, followed by Apple (AAPL, 4.4%) and United Rentals (URI, 3.4%). Compared with Q2 2025, it opened 31 new positions, sold out of 32, added to 32 and reduced 56. The biggest buy was GE Vernova (GEV, shares +451%) and the biggest sale Goldman Sachs (GS, shares −78%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001596077
Portfolio Value
$217.7M (Q3 2025)
SEC Filing
0001596077-25-000007 ↗ filed Oct 6, 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 Q2 2025 Q3 2025: $217.7M $217.7M Q3 2025 Q4 2025: $228.6M Q4 2025 Q1 2026: $236.6M Q1 2026 Q2 2026: $256.9M Q2 2026

Holdings 146 stocks · $217.7M
GOOGL Alphabet Inc. Class A 4.45% 39,868 $9.7M Reduce -18.7%
AAPL Apple Inc. 4.39% 37,501 $9.5M Add +4.5%
URI United Rentals Inc. 3.41% 7,776 $7.4M Reduce -11.5%
MSFT Microsoft Corp. 3.00% 12,630 $6.5M No change
AMZN Amazon.com Inc. 2.59% 25,709 $5.6M Add +7.7%
JNJ Johnson & Johnson 2.50% 29,388 $5.4M Reduce -1.3%
PWR Quanta Services Inc. 2.46% 12,911 $5.4M Add +3.5%
CHD Church & Dwight Co. Inc. 2.15% 53,400 $4.7M Reduce -2.2%
ABBV Abbvie Inc. 2.11% 19,801 $4.6M Reduce -3.1%
CSX CSX Corp. 1.95% 119,510 $4.2M Add +4.1%
BRK.B Berkshire Hathaway Inc. Class B 1.82% 7,870 $4.0M No change
META Meta Platforms Inc. Class A 1.73% 5,135 $3.8M Add +6.3%
ETN Eaton Corp. PLC 1.62% 9,444 $3.5M Add +34.1%
ZTS Zoetis Inc. 1.59% 23,610 $3.5M Reduce -4.8%
H Hyatt Hotels Corp. Class A 1.52% 23,351 $3.3M Add +0.3%
AVGO Broadcom Inc. 1.46% 9,635 $3.2M Reduce -1.0%
SYY Sysco Corp. 1.38% 36,549 $3.0M Reduce -1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.38% 10,660 $3.0M Add +32.1%
CARR Carrier Global Corp. 1.36% 49,550 $3.0M Add +11.2%
LEN Lennar Corp. Class A 1.26% 21,720 $2.7M Add +80.3%
DELL INC 1.18% 18,086 $2.6M Reduce -35.0%
UBER Uber Technologies Inc. 1.17% 26,009 $2.5M Add +17.9%
GOOG Alphabet Inc. Class C 1.16% 10,371 $2.5M Reduce -2.1%
MS Morgan Stanley 1.12% 15,275 $2.4M Reduce -1.6%
GEV GE Vernova Inc. 1.10% 3,910 $2.4M Add +450.7%
XOM Exxon Mobil Corp. 1.03% 19,852 $2.2M No change
PANW Palo Alto Networks Inc. 1.02% 10,870 $2.2M Add +63.0%
VRT Vertiv Holdings Co. Class A 0.98% 14,110 $2.1M Add +10.4%
NEE Nextera Energy Inc. 0.96% 27,556 $2.1M Reduce -3.7%
TFC Truist Financial Corp. 0.93% 44,225 $2.0M Add +37.9%
NFLX Netflix Inc. 0.91% 1,661 $2.0M Add +22.0%
AWK American Water Works Co. Inc. 0.88% 13,725 $1.9M Add +1.7%
APO Apollo Global Management Inc. 0.88% 14,300 $1.9M Add +41.6%
LLY Eli Lilly & Co. 0.86% 2,441 $1.9M Reduce -12.8%
UTHR United Therapeutics Corp. 0.85% 4,440 $1.9M Reduce -19.6%
V Visa Inc. Class A 0.85% 5,404 $1.8M Add +24.1%
MRK Merck & Co. Inc. 0.83% 21,596 $1.8M Reduce -3.6%
LULU Lululemon Athletica Inc. 0.81% 9,950 $1.8M New
CB Chubb Ltd. 0.79% 6,075 $1.7M Add +41.9%
LII Lennox International Inc. 0.74% 3,042 $1.6M Reduce -4.0%
INVH Invitation Homes Inc. 0.74% 54,614 $1.6M Add +18.2%
HD Home Depot Inc. 0.73% 3,916 $1.6M Reduce -49.6%
MCD McDonald's Corp. 0.72% 5,159 $1.6M No change
KO The Coca-Cola Co. 0.70% 22,858 $1.5M No change
ABNB Airbnb Inc. Class A 0.69% 12,400 $1.5M Add +77.1%
UNP Union Pacific Corp. 0.69% 6,363 $1.5M Reduce -1.2%
COF Capital One Financial Corp. 0.68% 6,925 $1.5M New
ARW Arrow Electronics Inc. 0.67% 12,050 $1.5M New
DHI D.R. Horton Inc. 0.67% 8,575 $1.5M New
MDLZ Mondelez International Inc. Class A 0.66% 22,948 $1.4M Add +68.4%
AMGN Amgen Inc. 0.64% 4,970 $1.4M Add +7.6%
CP Canadian Pacific Kansas City 0.64% 18,755 $1.4M Reduce -2.3%
ABT Abbott Laboratories 0.64% 10,334 $1.4M No change
NVDA Nvidia Corp. 0.62% 7,228 $1.3M Reduce -0.3%
OTIS Otis Worldwide Corp. 0.61% 14,575 $1.3M New
WM Waste Management Inc. 0.61% 5,985 $1.3M No change
IR Ingersoll-Rand Inc. 0.60% 15,684 $1.3M Reduce -20.0%
PG The Procter & Gamble Co. 0.59% 8,345 $1.3M Reduce -0.9%
GE General Electric filed as GE AEROSPACE 0.58% 4,222 $1.3M No change
KMB Kimberly-Clark Corp. 0.57% 9,949 $1.2M No change
NKE Nike Inc. Class B 0.56% 17,450 $1.2M Reduce -0.1%
WFC Wells Fargo & Co. 0.56% 14,455 $1.2M New
BMY Bristol-Myers Squibb Co. 0.55% 26,661 $1.2M Reduce -9.8%
GS Goldman Sachs Group Inc. 0.55% 1,501 $1.2M Reduce -77.9%
PFE Pfizer Inc. 0.54% 46,225 $1.2M Reduce -5.1%
CFG Citizens Financial Group 0.54% 22,137 $1.2M Add +49.2%
TMO Thermo Fisher Scientific Inc. 0.54% 2,403 $1.2M Reduce -5.7%
A Agilent Technologies Inc. 0.52% 8,764 $1.1M Reduce -36.4%
RBC RBC Bearings Inc. 0.50% 2,800 $1.1M New
TOL Toll Brothers Inc. 0.50% 7,850 $1.1M Reduce -65.9%
TDG Transdigm Group Inc. 0.49% 805 $1.1M Add +40.0%
WASH Washington Trust Bancorp 0.48% 36,179 $1.0M Reduce -7.8%
SBUX Starbucks Corp. 0.46% 11,884 $1.0M Add +7.2%
NTRA Natera Inc. 0.46% 6,225 $1.0M Add +301.6%
TKR Timken Co. 0.46% 13,250 $996K Reduce -0.8%
LIN Linde PLC 0.45% 2,060 $979K Reduce -11.6%
MA Mastercard Inc. Class A 0.45% 1,705 $970K Reduce -0.6%
INDB Independent Bank Corp. 0.43% 13,565 $938K Reduce -1.4%
RY Royal Bank of Canada 0.43% 6,300 $928K No change
UPS United Parcel Service Class B 0.41% 10,810 $903K Reduce -14.6%
PNR Pentair PLC 0.41% 8,050 $892K No change
BSX Boston Scientific Corp. 0.41% 9,128 $891K Reduce -13.5%
NCLH Norwegian Cruise Line Holdin 0.41% 35,850 $883K New
PB Prosperity Bancshares Inc. 0.38% 12,400 $823K Add +316.8%
AIR Aar Corp. 0.38% 9,175 $823K Reduce -19.0%
FANG Diamondback Energy Inc. 0.33% 5,025 $719K New
LEU Centrus Energy Corp. Class A 0.32% 2,225 $690K New
FTNT Fortinet Inc. 0.32% 8,205 $690K Reduce -68.2%
VEEV Veeva Systems Inc. Class A 0.31% 2,250 $670K New
CL Colgate-Palmolive Co. 0.30% 8,288 $663K No change
PEP Pepsico Inc. 0.30% 4,696 $660K Reduce -5.6%
CWEN Clearway Energy Inc. Class C 0.30% 23,000 $650K New
FCX Freeport-McMoran Inc. 0.28% 15,800 $620K New
CCL Carnival Corp. 0.28% 21,400 $619K New
EMR Emerson Electric Co. 0.28% 4,708 $618K No change
CRH CRH PLC-Sponsored ADR 0.28% 5,125 $614K New
IBP Installed Building Products 0.28% 2,475 $610K Add +28.6%
AMT American Tower Corp. 0.28% 3,150 $606K No change
VRTX Vertex Pharmaceuticals Inc. 0.28% 1,535 $601K Add +44.8%
CSCO Cisco Systems Inc. 0.27% 8,740 $598K No change
SPG Simon Property Group Inc. 0.27% 3,100 $582K No change
MDT Medtronic PLC 0.27% 6,088 $580K Reduce -10.3%
PATK Patrick Industries Inc. 0.27% 5,586 $578K Reduce -1.3%
WMT Walmart Inc. 0.27% 5,599 $577K No change
LHX L3HARRIS Technologies Inc. 0.25% 1,800 $550K No change
TRMB Trimble Inc. 0.25% 6,544 $534K Reduce -57.3%
MMM 3M Co. 0.24% 3,350 $520K Reduce -0.7%
AZN Astrazeneca PLC-Spons ADR 0.24% 6,697 $514K Reduce -58.0%
APD Air Products & Chemicals Inc. 0.22% 1,775 $484K Reduce -12.3%
UNH Unitedhealth Group Inc. 0.21% 1,325 $458K Reduce -83.7%
ALL Allstate Corp. 0.20% 2,000 $429K No change
XYL Xylem Inc. 0.19% 2,744 $405K No change
DHR Danaher Corp. 0.18% 2,020 $400K New
TTWO Take-Two Interactive Softwre 0.18% 1,550 $400K New
HEI Heico Corp. 0.18% 1,225 $395K New
INTU Intuit Inc. 0.18% 575 $393K Reduce -1.9%
MC Moelis & Co. Class A 0.18% 5,425 $387K Reduce -64.7%
COIN Coinbase Global Inc. Class A 0.17% 1,125 $380K New
APA Apa Corp. 0.17% 15,626 $379K New
IBKR Interactive Brokers Gro Class A 0.17% 5,500 $378K New
AB Alliancebernstein Holding LP 0.17% 9,900 $378K No change
GIS General Mills Inc. 0.17% 7,400 $373K Reduce -8.9%
CELH Celsius Holdings Inc. 0.17% 6,450 $371K New
QSR Restaurant Brands Intern 0.16% 5,549 $356K Reduce -30.2%
AMD Advanced Micro Devices 0.16% 2,175 $352K New
JPM JPMorgan Chase & Co. 0.16% 1,089 $344K No change
EOG EOG Resources Inc. 0.16% 3,025 $339K New
CME Cme Group Inc. 0.16% 1,250 $338K Add +2.0%
DRI Darden Restaurants Inc. 0.14% 1,591 $303K No change
HON Honeywell International Inc. 0.13% 1,368 $288K Reduce -3.9%
K Kellanova 0.12% 3,310 $271K No change
DT Dynatrace Inc. 0.12% 5,525 $268K New
HSY The Hershey Co. 0.12% 1,425 $267K Reduce -36.7%
FAF First American Financial 0.12% 4,050 $260K New
COST Costco Wholesale Corp. 0.11% 265 $245K New
CNI Canadian Natl Railway Co. 0.11% 2,600 $245K No change
TT Trane Technologies PLC 0.11% 575 $243K New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.11% 2,630 $232K Reduce -5.6%
CFR Cullen/Frost Bankers Inc. 0.10% 1,800 $228K No change
BX Blackstone Inc. 0.10% 1,335 $228K New
VMI Valmont Industries 0.10% 575 $223K New
DDOG Datadog Inc. Class A 0.10% 1,550 $221K Reduce -67.7%
TRV The Travelers Cos Inc. 0.10% 787 $220K No change
LNT Alliant Energy Corp. 0.09% 3,050 $206K Reduce -39.6%
MET Metlife Inc. 0.09% 2,475 $204K New
COMP Compass Inc. Class A 0.04% 10,030 $81K Reduce -25.8%

Portfolio Sells Q2 2025 → Q3 2025
GS Goldman Sachs Group Inc. Reduce -77.9% 0.55% −1.73
UNH Unitedhealth Group Inc. Reduce -83.7% 0.21% −0.99
FTNT Fortinet Inc. Reduce -68.2% 0.32% −0.98
TOL Toll Brothers Inc. Reduce -65.9% 0.50% −0.75
TER Teradyne Inc. Sold out 0.00% −0.74
DAL Delta Air Lines Inc. Sold out 0.00% −0.64
HD Home Depot Inc. Reduce -49.6% 0.73% −0.62
ALAB Astera Labs Inc. Sold out 0.00% −0.59
MAS Masco Corp. Sold out 0.00% −0.48
MAR Marriott International Class A Sold out 0.00% −0.48
DELL INC Reduce -35.0% 1.18% −0.44
FISV Fiserv Inc. Sold out 0.00% −0.43
MRVL Marvell Technology Inc. Sold out 0.00% −0.38
LRCX Lam Research Corp. Sold out 0.00% −0.36
J Jacobs Solutions Inc. Sold out 0.00% −0.34
CHD Church & Dwight Co. Inc. Reduce -2.2% 2.15% −0.34
TRMB Trimble Inc. Reduce -57.3% 0.25% −0.31
LUV Southwest Airlines Co. Sold out 0.00% −0.30
BALL Ball Corp. Sold out 0.00% −0.30
AZN Astrazeneca PLC-Spons ADR Reduce -58.0% 0.24% −0.29
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.29
MOD Modine Manufacturing Co. Sold out 0.00% −0.29
MC Moelis & Co. Class A Reduce -64.7% 0.18% −0.28
A Agilent Technologies Inc. Reduce -36.4% 0.52% −0.26
JAZZ Jazz Pharmaceuticals PLC Sold out 0.00% −0.25
ZTS Zoetis Inc. Reduce -4.8% 1.59% −0.25
TTEK Tetra Tech Inc. Sold out 0.00% −0.25
DCI Donaldson Co. Inc. Sold out 0.00% −0.24
VIRT Virtu Financial Inc. Class A Sold out 0.00% −0.22
NEM Newmont Corp. Sold out 0.00% −0.22
FICO Fair Isaac Corp. Sold out 0.00% −0.21
DDOG Datadog Inc. Class A Reduce -67.7% 0.10% −0.20
UPS United Parcel Service Class B Reduce -14.6% 0.41% −0.19
ANSS Ansys Inc. Sold out 0.00% −0.19
KMX Carmax Inc. Sold out 0.00% −0.18
LLY Eli Lilly & Co. Reduce -12.8% 0.86% −0.18
IR Ingersoll-Rand Inc. Reduce -20.0% 0.60% −0.18
AVT Avnet Inc. Sold out 0.00% −0.16
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.15
HUBS HubSpot Inc. Sold out 0.00% −0.15
POOL Pool Corp. Sold out 0.00% −0.15
HST Host Hotels & Resorts Inc. Sold out 0.00% −0.14
EFX Equifax Inc. Sold out 0.00% −0.13
BSX Boston Scientific Corp. Reduce -13.5% 0.41% −0.13
TOST Toast Inc. Class A Sold out 0.00% −0.13
GWW WW Grainger Inc. Sold out 0.00% −0.12
LII Lennox International Inc. Reduce -4.0% 0.74% −0.12
IDXX Idexx Laboratories Inc. Sold out 0.00% −0.11
RDDT Reddit Inc. Class A Sold out 0.00% −0.10
CMCSA Comcast Corp. Class A Sold out 0.00% −0.10

Portfolio Buys Q2 2025 → Q3 2025
GEV GE Vernova Inc. Add +450.7% 1.10% +0.93
AAPL Apple Inc. Add +4.5% 4.39% +0.89
LULU Lululemon Athletica Inc. New 0.81% +0.81
COF Capital One Financial Corp. New 0.68% +0.68
ARW Arrow Electronics Inc. New 0.67% +0.67
DHI D.R. Horton Inc. New 0.67% +0.67
LEN Lennar Corp. Class A Add +80.3% 1.26% +0.62
OTIS Otis Worldwide Corp. New 0.61% +0.61
WFC Wells Fargo & Co. New 0.56% +0.56
RBC RBC Bearings Inc. New 0.50% +0.50
ETN Eaton Corp. PLC Add +34.1% 1.62% +0.43
NCLH Norwegian Cruise Line Holdin New 0.41% +0.41
PANW Palo Alto Networks Inc. Add +63.0% 1.02% +0.37
NTRA Natera Inc. Add +301.6% 0.46% +0.34
FANG Diamondback Energy Inc. New 0.33% +0.33
LEU Centrus Energy Corp. Class A New 0.32% +0.32
VEEV Veeva Systems Inc. Class A New 0.31% +0.31
CWEN Clearway Energy Inc. Class C New 0.30% +0.30
FCX Freeport-McMoran Inc. New 0.28% +0.28
CCL Carnival Corp. New 0.28% +0.28
CRH CRH PLC-Sponsored ADR New 0.28% +0.28
PB Prosperity Bancshares Inc. Add +316.8% 0.38% +0.28
TFC Truist Financial Corp. Add +37.9% 0.93% +0.27
ABNB Airbnb Inc. Class A Add +77.1% 0.69% +0.25
IBM Intl Business Machines Corp. Add +32.1% 1.38% +0.25
CFG Citizens Financial Group Add +49.2% 0.54% +0.23
MDLZ Mondelez International Inc. Class A Add +68.4% 0.66% +0.22
PWR Quanta Services Inc. Add +3.5% 2.46% +0.22
VRT Vertiv Holdings Co. Class A Add +10.4% 0.98% +0.20
CB Chubb Ltd. Add +41.9% 0.79% +0.20
APO Apollo Global Management Inc. Add +41.6% 0.88% +0.19
UBER Uber Technologies Inc. Add +17.9% 1.17% +0.19
DHR Danaher Corp. New 0.18% +0.18
TTWO Take-Two Interactive Softwre New 0.18% +0.18
HEI Heico Corp. New 0.18% +0.18
COIN Coinbase Global Inc. Class A New 0.17% +0.17
APA Apa Corp. New 0.17% +0.17
IBKR Interactive Brokers Gro Class A New 0.17% +0.17
CELH Celsius Holdings Inc. New 0.17% +0.17
CSX CSX Corp. Add +4.1% 1.95% +0.17
AMD Advanced Micro Devices New 0.16% +0.16
EOG EOG Resources Inc. New 0.16% +0.16
DT Dynatrace Inc. New 0.12% +0.12
FAF First American Financial New 0.12% +0.12
IBP Installed Building Products Add +28.6% 0.28% +0.12
V Visa Inc. Class A Add +24.1% 0.85% +0.11
COST Costco Wholesale Corp. New 0.11% +0.11
TT Trane Technologies PLC New 0.11% +0.11
BX Blackstone Inc. New 0.10% +0.10
AMZN Amazon.com Inc. Add +7.7% 2.59% +0.10

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