13F HOLDINGS REPORT

BOSTON RESEARCH & MANAGEMENT INC

Quarter ended Q1 2023 · Filed February 13, 2023 · Accession 0001259261-23-000002

Total Value

$323,184

Positions

106

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (106)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	iShares Core S&P 500 ETF	464287200	36,418	$13,992	4.33%
2	Microsoft Corp	MSFT	50,231	$12,046	3.73%
3	AbbVie Inc.	ABBV	53,718	$8,681	2.69%
4	Tractor Supply Co	TSCO	38,236	$8,601	2.66%
5	General Mills Inc Com	370334104	98,363	$8,247	2.55%
6	Mastercard, Inc.	MA	21,973	$7,640	2.36%
7	Apple Inc.	AAPL	57,706	$7,497	2.32%
8	Xylem Inc.	XYL	63,075	$6,974	2.16%
9	iShares Core S&P SmallCap ETF	464287804	73,168	$6,924	2.14%
10	Fastenal Co	FAST	145,709	$6,894	2.13%
11	Merck & Co. Inc.	MRK	61,294	$6,800	2.10%
12	Wal-Mart Stores	WMT	46,491	$6,591	2.04%
13	Cisco Systems, Inc.	CSCO	137,521	$6,551	2.03%
14	Abbott Laboratories	ABLZF	59,004	$6,478	2.00%
15	McDonald's Corp	MCD	23,980	$6,319	1.96%
16	Berkshire Hathaway Inc. Class	BRK-A	19,986	$6,173	1.91%
17	Procter & Gamble Co	742718109	38,760	$5,874	1.82%
18	United Parcel Services	UPS	32,678	$5,680	1.76%
19	CVS Health Corp	CVS	60,932	$5,678	1.76%
20	Linde PLC	LIN	17,246	$5,625	1.74%
21	Laboratory CP Amer Hldgs	50540R409	22,152	$5,216	1.61%
22	Pepsi Co Inc	PEP	28,746	$5,193	1.61%
23	Exxon Mobil Corp.	XOM	45,127	$4,977	1.54%
24	Lockheed Martin Corp	LMT	10,189	$4,956	1.53%
25	Nextera Energy Inc.	NEE-PW	58,426	$4,884	1.51%
26	Coca-Cola Company	KO	76,245	$4,849	1.50%
27	J.P. Morgan Chase & Co.	VYLD	36,101	$4,841	1.50%
28	Colgate-Palmolive Company	CL	60,986	$4,805	1.49%
29	Alphabet, Inc. - Class A	GOOG	53,025	$4,678	1.45%
30	iShares Core MSCI Emerging Mkt	46434g103	96,874	$4,524	1.40%
31	Thermo Fisher Scientific	TMO	8,123	$4,473	1.38%
32	CH Robinson Worldwide Inc	CHRW	48,789	$4,467	1.38%
33	Accenture PLC	ACN	16,189	$4,319	1.34%
34	Comcast Corp Cl A Vtg	CCZ	116,488	$4,073	1.26%
35	Snap-On Inc.	SNA	17,715	$4,047	1.25%
36	Omnicom Group Inc Com	OMC	49,438	$4,032	1.25%
37	AMEX Energy Sector SPDR	81369y506	45,840	$4,009	1.24%
38	iShares Core MSCI EAFE ETF	46432f842	64,685	$3,987	1.23%
39	Bank of New York Mellon Corp.	064058100	86,940	$3,957	1.22%
40	Duke Energy Corp.	DUKB	37,913	$3,904	1.21%
41	Medtronic Plc	MDT	48,195	$3,745	1.16%
42	D.R. Horton, Inc.	23331a109	41,234	$3,675	1.14%
43	iShares Russell 2000 Index Fun	464287655	21,039	$3,668	1.13%
44	ConocoPhillips	COP	27,809	$3,281	1.02%
45	Verizon Communications	VZ	80,090	$3,155	0.98%
46	Home Depot, Inc.	HD	9,425	$2,976	0.92%
47	Walt Disney Co.	254687106	31,930	$2,774	0.86%
48	SPDR S&P 500 ETF	SPY	7,148	$2,733	0.85%
49	Qorvo Inc.	QRVO	30,065	$2,725	0.84%
50	Intel Corp	INTC	99,803	$2,637	0.82%
51	iShares Core S&P Midcap ETF	464287507	10,361	$2,506	0.78%
52	Cintas Corporation	CTAS	5,530	$2,497	0.77%
53	Magna International, Inc. Cl A	559222401	42,610	$2,393	0.74%
54	Vanguard Total Stock Market ET	922908769	12,380	$2,366	0.73%
55	Amazon.com, Inc.	AMZN	26,871	$2,257	0.70%
56	iShares Nasdaq Biotechnology I	464287556	16,396	$2,152	0.67%
57	Vanguard Small-Cap ETF	922908751	11,550	$2,119	0.66%
58	iShares iBoxx High Yield Corp	464288513	28,449	$2,094	0.65%
59	VanEck Vectors Biotech ETF	92189F726	12,761	$2,038	0.63%
60	US Bancorp	USB-PS	45,626	$1,989	0.62%
61	iShares Comex Gold Trust	IAU	53,838	$1,862	0.58%
62	Johnson & Johnson	JNJ	9,795	$1,730	0.54%
63	VaneckVectors HY Muni ETF	92189h409	32,363	$1,635	0.51%
64	Eli Lilly & Co	LLY	4,433	$1,621	0.50%
65	Chevron Corp	CVX	8,983	$1,612	0.50%
66	Pfizer Inc.	PFE	23,905	$1,224	0.38%
67	Vanguard FTSE All-World Ex-US	922042775	22,134	$1,109	0.34%
68	Stryker Corp	SYK	4,354	$1,064	0.33%
69	Alphabet, Inc. - Class C	GOOG	11,820	$1,048	0.32%
70	Vanguard Developed Markets ETF	921943858	21,165	$888	0.27%
71	Paychex, Inc.	PAYX	7,675	$886	0.27%
72	Caterpillar	CAT	3,542	$848	0.26%
73	Oracle Corp.	ORCL-PD	10,278	$840	0.26%
74	iShares US Preferred Stock	464288687	23,446	$715	0.22%
75	Intl Business Machines Corp	INTR	4,496	$633	0.20%
76	Sysco Corp	SYY	8,190	$626	0.19%
77	Vanguard Emerging Markets ETF	922042858	15,429	$601	0.19%
78	Yum! Brands Inc.	YUM	4,483	$574	0.18%
79	Illinois Tool Works	452308109	2,594	$571	0.18%
80	Danaher Corp.	235851102	2,078	$551	0.17%
81	3M Co	MMM	4,460	$534	0.17%
82	Bristol-Myers Squibb Company	CELG-RI	7,010	$504	0.16%
83	Emerson Electric Co	EMR	5,100	$489	0.15%
84	Waste Management, Inc.	WM	3,090	$484	0.15%
85	PPG Industries	693506107	3,721	$467	0.14%
86	iShares Core Total US Bond Mar	464287226	4,690	$454	0.14%
87	Marsh & McLennan Companies, In	571748102	2,637	$436	0.13%
88	Automatic Data Processing, Inc	ADP	1,815	$433	0.13%
89	iShares S&P Growth Allocation	464289867	9,005	$424	0.13%
90	Kimberly-Clark Corp	KMB	3,085	$418	0.13%
91	Genuine Parts	GPC	2,390	$414	0.13%
92	UnitedHealth Group Inc	UNH	740	$392	0.12%
93	Shell PLC	RYDAF	6,644	$378	0.12%
94	Southern Co	SOMN	4,773	$340	0.11%
95	Qualcomm, Inc.	QCOM	2,982	$327	0.10%
96	Boston Properties, Inc.	BXP	4,850	$327	0.10%
97	Amgen Inc.	AMGN	1,187	$311	0.10%
98	Agilent Technologies, Inc.	A	1,879	$281	0.09%
99	Archer Daniels Midland Com	ADM	2,880	$267	0.08%
100	Boeing Co	BA-PA	1,339	$255	0.08%
101	Nucor Corporation	NUE	1,936	$255	0.08%
102	HP Inc.	HPQ	8,880	$238	0.07%
103	Yum China Holding Inc.	YUMC	4,342	$237	0.07%
104	SPDR DJIA ETF Trust	78467X109	670	$221	0.07%
105	Invesco QQQ Trust Series 1	IVZ	803	$213	0.07%
106	General Dynamics Corporation	GD	854	$211	0.07%