# BOSTON RESEARCH & MANAGEMENT INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1259261. Source: https://holderbook.com/funds/1259261-boston-research-management-inc/

- Reported value: $452.6M
- Positions: 121
- Weight of the ten largest: 29.9%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $21.6M | 28,863 | 4.8% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $15.5M | 43,406 | 3.4% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $14.5M | 123,742 | 3.2% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $14.2M | 49,123 | 3.1% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $13.8M | 36,953 | 3.0% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $12.2M | 107,734 | 2.7% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $12.1M | 48,129 | 2.7% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $11.2M | 75,300 | 2.5% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $10.5M | 32,195 | 2.3% | 31 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $9.6M | 199,875 | 2.1% | 31 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $9.2M | 63,884 | 2.0% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $8.7M | 17,366 | 1.9% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $8.5M | 16,607 | 1.9% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $8.5M | 65,845 | 1.9% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $8.3M | 100,742 | 1.8% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $8.1M | 15,624 | 1.8% | 14 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.0M | 33,369 | 1.8% | 25 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.7M | 38,473 | 1.7% | 13 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $7.2M | 52,945 | 1.6% | 31 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $7.1M | 17,731 | 1.6% | 25 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $6.9M | 46,908 | 1.5% | 31 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $6.7M | 57,009 | 1.5% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $6.6M | 68,567 | 1.5% | 31 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $6.5M | 40,067 | 1.4% | 20 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $6.5M | 23,271 | 1.4% | 9 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $6.5M | 24,010 | 1.4% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $6.5M | 73,786 | 1.4% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $6.0M | 73,647 | 1.3% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $5.8M | 4,833 | 1.3% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $5.8M | 45,624 | 1.3% | 31 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $5.7M | 68,451 | 1.3% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $5.7M | 11,177 | 1.3% | 21 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $5.7M | 93,913 | 1.3% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $5.5M | 60,464 | 1.2% | 31 |
| ALBEMARLE CORP | [ALBPRA](https://holderbook.com/stocks/ALBPRA/) | $5.5M | 99,820 | 1.2% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $5.5M | 10,974 | 1.2% | 25 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $5.4M | 18,027 | 1.2% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $5.4M | 59,474 | 1.2% | 31 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $5.4M | 169,260 | 1.2% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $5.2M | 6,971 | 1.2% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $5.0M | 22,745 | 1.1% | 13 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $4.6M | 34,145 | 1.0% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.6M | 108,377 | 1.0% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $4.6M | 47,627 | 1.0% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.6M | 12,380 | 1.0% | 31 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $4.6M | 42,352 | 1.0% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $4.3M | 41,367 | 1.0% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $4.2M | 4,068 | 0.9% | 4 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $4.0M | 51,201 | 0.9% | 31 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $4.0M | 74,398 | 0.9% | 28 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $3.9M | 49,967 | 0.9% | 31 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $3.6M | 104,150 | 0.8% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.6M | 3,382 | 0.8% | 31 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $3.5M | 46,825 | 0.8% | 21 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $3.4M | 20,270 | 0.8% | 31 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $3.4M | 46,043 | 0.7% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.1M | 8,805 | 0.7% | 31 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $3.1M | 125,131 | 0.7% | 31 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $2.8M | 13,584 | 0.6% | 8 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $2.5M | 31,823 | 0.6% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $2.5M | 8,343 | 0.6% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.4M | 9,613 | 0.5% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $2.2M | 17,609 | 0.5% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7M | 4,912 | 0.4% | 31 |
| INDEPENDENT BK CORP MASS | [INDB](https://holderbook.com/stocks/INDB/) | $1.4M | 17,011 | 0.3% | 4 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.4M | 9,639 | 0.3% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.4M | 19,498 | 0.3% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.4M | 4,354 | 0.3% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $1.3M | 15,681 | 0.3% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.3M | 7,720 | 0.3% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.0M | 4,705 | 0.2% | 14 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $948.2K | 31,100 | 0.2% | 18 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $916.9K | 3,260 | 0.2% | 31 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $849.9K | 1,627 | 0.2% | 15 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $833.5K | 13,964 | 0.2% | 31 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $742.9K | 7,555 | 0.2% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $730.1K | 5,100 | 0.2% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $697.8K | 2,580 | 0.2% | 31 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $688.7K | 3,090 | 0.2% | 31 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $661.6K | 4,086 | 0.1% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $623.5K | 847 | 0.1% | 15 |
| VANECK ETF TRUST | [HYD](https://holderbook.com/stocks/HYD/) | $602.5K | 11,696 | 0.1% | 23 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $574.8K | 795 | 0.1% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $558.1K | 3,020 | 0.1% | 29 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $532.1K | 1,265 | 0.1% | 6 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $520.1K | 3,600 | 0.1% | 13 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $490.7K | 7,061 | 0.1% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $458.1K | 4,628 | 0.1% | 31 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $450.8K | 4,710 | 0.1% | 31 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $448.8K | 3,700 | 0.1% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $447.9K | 1,237 | 0.1% | 31 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $436.7K | 2,620 | 0.1% | 31 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $431.2K | 1,936 | 0.1% | 19 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $383.8K | 6,660 | 0.1% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $377.0K | 2,700 | 0.1% | 1 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $365.3K | 1,918 | 0.1% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $365.0K | 1,630 | 0.1% | 24 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $360.6K | 965 | 0.1% | 14 |
| MASCO CORP | [MAS](https://holderbook.com/stocks/MAS/) | $325.5K | 4,000 | 0.1% | 13 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $324.4K | 2,955 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.4% | +14.8% | -9.4% | 100% |
| Q1 2026 | -1.1% | -4.6% | +3.6% | 100% |
| Q4 2025 | +1.3% | +2.4% | -1.0% | 100% |
| Q3 2025 | +7.0% | +7.8% | -0.8% | 100% |
| Q2 2025 | +3.2% | +10.5% | -7.2% | 100% |
| Q1 2025 | -0.2% | -4.6% | +4.4% | 100% |
| Q4 2024 | -3.6% | +2.1% | -5.7% | 100% |
| Q3 2024 | +7.5% | +5.4% | +2.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $452.6M | 121 |
| Q1 2026 | $421.0M | 114 |
| Q4 2025 | $433.7M | 120 |
| Q3 2025 | $910.9M | 120 |
| Q2 2025 | $841.7M | 117 |
| Q1 2025 | $811.7M | 117 |
| Q4 2024 | $821.3M | 116 |
| Q3 2024 | $858.5M | 116 |
| Q2 2024 | $395.5M | 113 |
| Q1 2024 | $404.6M | 115 |
| Q4 2023 | $376.7M | 113 |
| Q3 2023 | $338.3M | 114 |