BOSTON RESEARCH & MANAGEMENT INC

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CIK 1259261

13F portfolio (2026-Q1)

$421M

Positions

114

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

114

Top 5

17.0%

Top 10

28.5%

Effective N

56.1

HHI

0.018

This quarter

2 new · 0 exit →

By sector

Unclassified19.1%

Consumer Discretionary13.7%

Information Technology13.4%

Health Care10.6%

Financials9.9%

Industrials9.3%

Communication Services7.4%

Materials4.9%

Other11.6%

By market cap

Mega (>$200B)41.9%

Large ($10–200B)38.7%

Unknown19.1%

Mid ($2–10B)0.3%

By region

North America80.9%

Other19.1%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	21.16%	26
Specialty Retail	9.77%	7
Pharmaceuticals & Biotechnology	7.75%	8
Technology Hardware & Equipment	6.84%	5
Banks	5.62%	5
Chemicals	4.78%	4
Software	4.37%	3
Machinery	3.95%	5
Oil, Gas & Consumable Fuels	3.83%	3
Software & IT Services	3.44%	3
Utilities	3.21%	4
Commercial Services & Supplies	2.99%	3
Beverages	2.58%	2
Hotels, Restaurants & Leisure	1.78%	1
Aerospace & Defense	1.74%	3
Semiconductors & Semiconductor Equipment	1.73%	3
Media & Entertainment	1.68%	2
Health Care Equipment & Supplies	1.52%	3
Health Care Providers & Services	1.48%	1
Construction & Engineering	1.31%	1
Diversified Telecommunication Services	1.29%	1
Distributors	1.20%	2
Entertainment	1.11%	1
Equity Real Estate Investment Trusts (REITs)	1.02%	2
Food Products	1.00%	2
Road & Rail	0.99%	1
Textiles, Apparel & Luxury Goods	0.81%	1
Electrical Equipment & Components	0.28%	3
Insurance	0.20%	3
Professional Services	0.17%	1
Automobiles & Components	0.11%	1
Communications Equipment	0.09%	1
Metals & Mining	0.08%	1
Paper & Forest Products	0.07%	1
Capital Markets	0.06%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	IVV	ISHARES TR	Unclassified	4.51%
2	WMT	Walmart Inc.	Consumer Discretionary	3.25%
3	MSFT	MICROSOFT CORP	Information Technology	3.24%
4	GOOGL	Alphabet Inc.	Communication Services	3.01%
5	AAPL	Apple Inc.	Information Technology	2.99%
6	ABBV	AbbVie Inc.	Health Care	2.50%
7	CSCO	CISCO SYSTEMS, INC.	Information Technology	2.31%
8	JPM	JPMORGAN CHASE & CO	Financials	2.26%
9	IJR	ISHARES TR	Unclassified	2.24%
10	FAST	FASTENAL CO	Consumer Discretionary	2.22%

89/114 names classified · sector 80.9% of weight · industry 78.8% · mkt cap 80.9%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 52 quarters

Information TechnologyMSFT, AAPL, CSCO, INTC, GE · other

IndustrialsXYL, ACN, UPS, MMM, CHRW · other

Consumer DiscretionaryWMT, FAST, MCD, TSCO, AMZN · other

FinancialsMA, BRK.B, BNY, JPM, WFC · other

Health CareABBV, ABT, MDT, MRK, LH · other

Communication ServicesGOOGL, OMC, CMCSA, VZ, DIS · other

Consumer StaplesPEP, KO, CVS, GIS, ADM

MaterialsPG, CL, LIN, AA, CLX · other

EnergyXOM, COP, CVX, OXY, SHEL

UtilitiesDUK, NEE, SO, WEC

Real EstateBXP, EQIX, ESBA

UnclassifiedIVV, IJR, IWM, IEMG, GOOGLE INC · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 80.9% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (88 classified)BOSTON RESEARCH & MANAGEMENT INC centroid (Large Core)

Consumer DiscretionaryInformation TechnologyHealth CareIndustrialsFinancialsCommunication ServicesMaterialsEnergyConsumer StaplesUtilitiesReal Estate

Style box summary for BOSTON RESEARCH & MANAGEMENT INC: centroid Large Core. Heaviest cells: Large Value 24.4%, Large Growth 21.1%, Large Core 19.4%.

Classified: 78.8% of book weight (88/114 names) · unclassified 21.2%: IVV, IJR, BRK.B, IEMG, IEFA, IWM, XLE, SPY, IAU, VTI +16 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 114 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	IVVISHARES TR	29,066	$19M	4.5%	TRIM −9%
2	WMTWALMART INC	110,124	$14M	3.3%	TRIM −2%
3	MSFTMICROSOFT CORP	36,860	$14M	3.2%	TRIM −6%
4	GOOGLALPHABET INC	44,116	$13M	3.0%	TRIM −3%
5	AAPLAPPLE INC	49,674	$13M	3.0%	TRIM −7%
6	ABBVABBVIE INC	48,353	$11M	2.5%	HOLD
7	CSCOCISCO SYS INC	125,526	$10M	2.3%	HOLD
8	JPMJPMORGAN CHASE & CO	32,363	$10M	2.3%	TRIM −2%
9	IJRISHARES TR	75,727	$9M	2.2%	HOLD
10	FASTFASTENAL CO	201,370	$9M	2.2%	HOLD
11	XOMEXXON MOBIL CORP	53,185	$9M	2.1%	TRIM −7%
12	BRK.BBERKSHIRE HATHAWAY INC DEL	17,672	$8M	2.0%	TRIM −2%
13	MAMASTERCARD INCORPORATED	16,752	$8M	2.0%	TRIM −12%
14	MRKMERCK & CO INC	66,572	$8M	1.9%	HOLD
15	LINLINDE PLC	15,768	$8M	1.9%	ADD 3%
16	TSCOTRACTOR SUPPLY CO	169,475	$8M	1.8%	HOLD
17	BNYBANK NEW YORK MELLON CORP	64,639	$8M	1.8%	HOLD
18	MCDMCDONALDS CORP	24,102	$7M	1.8%	HOLD
19	IEMGISHARES INC	103,305	$7M	1.7%	HOLD
20	AMZNAMAZON COM INC	33,584	$7M	1.7%	HOLD
21	NEENEXTERA ENERGY INC	73,976	$7M	1.6%	HOLD
22	NVDANVIDIA CORPORATION	39,045	$7M	1.6%	HOLD
23	PGPROCTER AND GAMBLE CO	46,797	$7M	1.6%	HOLD
24	LMTLOCKHEED MARTIN CORP	11,161	$7M	1.6%	HOLD
25	XYLXYLEM INC	56,127	$7M	1.6%	TRIM −3%
26	SNASNAP ON INC	17,954	$7M	1.5%	HOLD
27	IEFAISHARES TR	69,552	$6M	1.5%	HOLD
28	LHLABCORP HOLDINGS INC	23,308	$6M	1.5%	HOLD
29	ABTABBOTT LABS	59,676	$6M	1.5%	ADD 5%
30	DUKDUKE ENERGY CORP NEW	45,712	$6M	1.4%	HOLD
31	KOCOCA COLA CO	74,107	$6M	1.3%	HOLD
32	DHID R HORTON INC	40,290	$6M	1.3%	HOLD
33	COPCONOCOPHILLIPS	41,560	$5M	1.3%	HOLD
34	VZVERIZON COMMUNICATIONS INC	107,993	$5M	1.3%	HOLD
35	TMOTHERMO FISHER SCIENTIFIC INC	10,814	$5M	1.3%	ADD 2%
36	PEPPEPSICO INC	33,749	$5M	1.2%	HOLD
37	CLCOLGATE PALMOLIVE CO	60,669	$5M	1.2%	HOLD
38	USBUS BANCORP	95,058	$5M	1.2%	HOLD
39	SYYSYSCO CORP	67,635	$5M	1.1%	HOLD
40	DISDISNEY WALT CO	48,377	$5M	1.1%	ADD 4%
41	IWMISHARES TR	18,497	$5M	1.1%	TRIM −7%
42	XLESELECT SECTOR SPDR TR	74,732	$5M	1.1%	HOLD
43	SPYSTATE STR SPDR S&P 500 ETF T	7,006	$5M	1.1%	HOLD
44	LLYELI LILLY & CO	4,833	$4M	1.1%	ADD 17%
45	MDTMEDTRONIC PLC	50,546	$4M	1.0%	ADD 3%
46	UPSUNITED PARCEL SERVICE INC	42,437	$4M	1.0%	ADD 8%
47	IAUISHARES GOLD TR	46,824	$4M	1.0%	HOLD
48	EQIXEQUINIX INC	4,106	$4M	1.0%	ADD 5%
49	GISGENERAL MILLS INC	107,872	$4M	1.0%	ADD 8%
50	VTIVANGUARD INDEX FDS	12,380	$4M	0.9%	HOLD
51	OMCOMNICOM GROUP INC	47,048	$4M	0.8%	HOLD
52	CMCSACOMCAST CORP NEW	122,976	$4M	0.8%	ADD 27%
53	ACNACCENTURE PLC IRELAND	17,696	$4M	0.8%	TRIM −3%
54	CTASCINTAS CORP	20,270	$3M	0.8%	HOLD
55	IJHISHARES TR	50,493	$3M	0.8%	TRIM −3%
56	ADBEADOBE INC	13,728	$3M	0.8%	ADD 33%
57	HDHOME DEPOT INC	8,805	$3M	0.7%	HOLD
58	HYGISHARES TR	32,125	$3M	0.6%	HOLD
59	CATCATERPILLAR INC	3,502	$2M	0.6%	HOLD
60	JNJJOHNSON & JOHNSON	9,613	$2M	0.6%	HOLD
61	VBVANGUARD INDEX FDS	8,360	$2M	0.5%	HOLD
62	CVXCHEVRON CORP NEW	7,720	$2M	0.4%	TRIM −3%
63	GOOGALPHABET INC	5,042	$1M	0.3%	TRIM −22%
64	ORCLORACLE CORP	9,749	$1M	0.3%	HOLD
65	SYKSTRYKER CORPORATION	4,354	$1M	0.3%	HOLD
66	INDBINDEPENDENT BK CORP MASS	17,011	$1M	0.3%	HOLD
67	VEAVANGUARD TAX-MANAGED FDS	19,498	$1M	0.3%	TRIM −3%
68	VEUVANGUARD INTL EQUITY INDEX F	15,681	$1M	0.3%	HOLD
69	PFFISHARES TR	31,532	$956,000	0.2%	HOLD
70	RSPINVESCO EXCHANGE TRADED FD T	4,647	$891,000	0.2%	TRIM −26%
71	IBMINTERNATIONAL BUSINESS MACHS	3,260	$790,000	0.2%	HOLD
72	VWOVANGUARD INTL EQUITY INDEX F	13,964	$754,000	0.2%	HOLD
73	DIASPDR DOW JONES INDL AVERAGE	1,627	$753,000	0.2%	TRIM −21%
74	WMWASTE MGMT INC DEL	3,090	$710,000	0.2%	HOLD
75	PAYXPAYCHEX INC	7,555	$695,000	0.2%	HOLD
76	ITWILLINOIS TOOL WKS INC	2,580	$671,000	0.2%	HOLD
77	EMREMERSON ELEC CO	5,100	$668,000	0.2%	HOLD
78	HYDVANECK ETF TRUST	12,240	$613,000	0.1%	HOLD
79	MMM3M CO	4,086	$593,000	0.1%	TRIM −7%
80	QQQINVESCO QQQ TR	864	$499,000	0.1%	ADD 2%
81	AGGISHARES TR	4,783	$474,000	0.1%	HOLD
82	TSLATESLA INC	1,265	$470,000	0.1%	HOLD
83	MRSHMARSH & MCLENNAN COS INC	2,620	$454,000	0.1%	HOLD
84	SOSOUTHERN CO	4,710	$454,000	0.1%	HOLD
85	AORISHARES TR	7,001	$450,000	0.1%	HOLD
86	AMGNAMGEN INC	1,237	$435,000	0.1%	HOLD
87	BMYBRISTOL-MYERS SQUIBB CO	6,660	$403,000	0.1%	HOLD
88	PPGPPG INDS INC	3,700	$395,000	0.1%	HOLD
89	QCOMQUALCOMM INC	3,020	$388,000	0.1%	HOLD
90	DHRDANAHER CORP DEL	1,918	$363,000	0.1%	HOLD
91	IXNISHARES TR	3,600	$359,000	0.1%	HOLD
92	PFEPFIZER INC	12,009	$337,000	0.1%	TRIM −6%
93	ADPAUTOMATIC DATA PROCESSING IN	1,630	$331,000	0.1%	HOLD
94	NUENUCOR CORP	1,936	$327,000	0.1%	HOLD
95	RTXRTX CORPORATION	1,635	$315,000	0.1%	HOLD
96	COSTCOSTCO WHSL CORP NEW	290	$288,000	0.1%	HOLD
97	KMBKIMBERLY-CLARK CORP	2,955	$285,000	0.1%	HOLD
98	IWFISHARES TR	643	$274,000	0.1%	HOLD
99	GEGE AEROSPACE	965	$273,000	0.1%	TRIM −59%
100	IWBISHARES TR	768	$273,000	0.1%	HOLD
101	AMATAPPLIED MATLS INC	795	$271,000	0.1%	TRIM −18%
102	GDGENERAL DYNAMICS CORP	770	$264,000	0.1%	HOLD
103	GSGOLDMAN SACHS GROUP INC	300	$253,000	0.1%	HOLD
104	BXPBXP INC	4,850	$251,000	0.1%	HOLD
105	AXPAMERICAN EXPRESS CO	800	$241,000	0.1%	HOLD
106	MASMASCO CORP	4,000	$241,000	0.1%	HOLD
107	LOWLOWES COS INC	980	$231,000	0.1%	HOLD
108	GPCGENUINE PARTS CO	2,150	$227,000	0.1%	TRIM −10%
109	WECWEC ENERGY GROUP INC	1,902	$220,000	0.1%	HOLD
110	GEVGE VERNOVA INC	249	$217,000	0.1%	TRIM −59%
111	ADMARCHER DANIELS MIDLAND CO	2,880	$209,000	0.0%	NEW
112	AFLAFLAC INC	1,880	$206,000	0.0%	HOLD
113	TXNTEXAS INSTRS INC	1,060	$205,000	0.0%	NEW
114	UNHUNITEDHEALTH GROUP INC	740	$200,000	0.0%	HOLD

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

IVVISHARES TR

32K

30K

29K

32K

29K

$19M

WMTWALMART INC

134K

131K

129K

112K

110K

$14M

MSFTMICROSOFT CORP

42K

41K

42K

39K

37K

$14M

GOOGLALPHABET INC

52K

51K

46K

44K

$13M

AAPLAPPLE INC

57K

58K

54K

50K

$13M

ABBVABBVIE INC

52K

51K

49K

48K

$11M

CSCOCISCO SYS INC

148K

146K

145K

126K

$10M

JPMJPMORGAN CHASE & CO

37K

36K

35K

33K

32K

$10M

IJRISHARES TR

74K

76K

$9M

FASTFASTENAL CO

108K

107K

211K

210K

203K

201K

$9M

XOMEXXON MOBIL CORP

53K

55K

56K

57K

53K

$9M

BRK.BBERKSHIRE HATHAWAY INC DEL

20K

19K

18K

$8M

MAMASTERCARD INCORPORATED

21K

20K

19K

17K

$8M

MRKMERCK & CO INC

64K

63K

67K

68K

66K

67K

$8M

LINLINDE PLC

16K

15K

16K

$8M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆BOSTON RESEARCH & MANAGEMENT INC