13F HOLDINGS REPORT

BOSTON RESEARCH & MANAGEMENT INC

Quarter ended Q3 2023 · Filed August 1, 2023 · Accession 0001259261-23-000006

Total Value

$353,165

Positions

113

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (113)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	Microsoft Corp	MSFT	47,930	$16,322	4.62%
2	iShares Core S&P 500 ETF	464287200	34,036	$15,170	4.30%
3	Apple Inc.	AAPL	57,290	$11,112	3.15%
4	Fastenal Co	FAST	147,497	$8,700	2.46%
5	Mastercard, Inc.	MA	21,813	$8,579	2.43%
6	Tractor Supply Co	TSCO	36,388	$8,045	2.28%
7	General Mills Inc Com	370334104	97,645	$7,489	2.12%
8	Wal-Mart Stores	WMT	46,949	$7,379	2.09%
9	iShares Core S&P SmallCap ETF	464287804	72,897	$7,264	2.06%
10	Cisco Systems, Inc.	CSCO	138,748	$7,178	2.03%
11	AbbVie Inc.	ABBV	53,212	$7,169	2.03%
12	Xylem Inc.	XYL	63,500	$7,151	2.02%
13	McDonald's Corp	MCD	23,598	$7,042	1.99%
14	Merck & Co. Inc.	MRK	60,382	$6,967	1.97%
15	Berkshire Hathaway Inc. Class	BRK-A	20,054	$6,838	1.94%
16	Abbott Laboratories	ABLZF	59,893	$6,529	1.85%
17	Alphabet, Inc. - Class A	GOOG	54,486	$6,521	1.85%
18	Linde PLC	LIN	16,832	$6,414	1.82%
19	Procter & Gamble Co	742718109	41,449	$6,289	1.78%
20	United Parcel Services	UPS	33,096	$5,932	1.68%
21	J.P. Morgan Chase & Co.	VYLD	37,302	$5,425	1.54%
22	Laboratory CP Amer Hldgs	50540R409	22,411	$5,408	1.53%
23	Pepsi Co Inc	PEP	28,970	$5,365	1.52%
24	Accenture PLC	ACN	17,283	$5,333	1.51%
25	Snap-On Inc.	SNA	17,840	$5,141	1.46%
26	D.R. Horton, Inc.	23331a109	41,444	$5,043	1.43%
27	Comcast Corp Cl A Vtg	CCZ	120,356	$5,000	1.42%
28	Exxon Mobil Corp.	XOM	45,832	$4,915	1.39%
29	iShares Core MSCI Emerging Mkt	46434g103	98,125	$4,836	1.37%
30	Colgate-Palmolive Company	CL	61,506	$4,738	1.34%
31	Lockheed Martin Corp	LMT	10,289	$4,736	1.34%
32	Omnicom Group Inc Com	OMC	49,498	$4,709	1.33%
33	Medtronic Plc	MDT	53,000	$4,669	1.32%
34	Nextera Energy Inc.	NEE-PW	62,815	$4,660	1.32%
35	Coca-Cola Company	KO	77,070	$4,641	1.31%
36	Amazon.com, Inc.	AMZN	34,296	$4,470	1.27%
37	CVS Health Corp	CVS	63,938	$4,420	1.25%
38	iShares Core MSCI EAFE ETF	46432f842	64,750	$4,370	1.24%
39	Thermo Fisher Scientific	TMO	8,300	$4,330	1.23%
40	Sysco Corp	SYY	56,035	$4,157	1.18%
41	Bank of New York Mellon Corp.	064058100	90,161	$4,013	1.14%
42	Intel Corp	INTC	119,288	$3,988	1.13%
43	iShares Russell 2000 Index Fun	464287655	21,058	$3,943	1.12%
44	AMEX Energy Sector SPDR	81369y506	46,241	$3,753	1.06%
45	Verizon Communications	VZ	98,176	$3,651	1.03%
46	Duke Energy Corp.	DUKB	39,860	$3,577	1.01%
47	Walt Disney Co.	254687106	39,530	$3,529	1.00%
48	SPDR S&P 500 ETF	SPY	7,230	$3,205	0.91%
49	Qorvo Inc.	QRVO	30,216	$3,082	0.87%
50	ConocoPhillips	COP	29,001	$3,004	0.85%
51	Home Depot, Inc.	HD	9,425	$2,927	0.83%
52	Magna International, Inc. Cl A	559222401	51,550	$2,909	0.82%
53	Cintas Corporation	CTAS	5,530	$2,748	0.78%
54	Vanguard Total Stock Market ET	922908769	12,380	$2,727	0.77%
55	iShares Core S&P Midcap ETF	464287507	9,974	$2,608	0.74%
56	US Bancorp	USB-PS	75,528	$2,495	0.71%
57	Vanguard Small-Cap ETF	922908751	11,245	$2,236	0.63%
58	Eli Lilly & Co	LLY	4,433	$2,078	0.59%
59	iShares Nasdaq Biotechnology I	464287556	16,286	$2,067	0.59%
60	iShares iBoxx High Yield Corp	464288513	26,867	$2,016	0.57%
61	VanEck Vectors Biotech ETF	92189F726	12,721	$1,985	0.56%
62	iShares Comex Gold Trust	IAU	52,753	$1,919	0.54%
63	VaneckVectors HY Muni ETF	92189h409	33,421	$1,715	0.49%
64	Johnson & Johnson	JNJ	9,773	$1,617	0.46%
65	Alphabet, Inc. - Class C	GOOG	11,820	$1,429	0.40%
66	Chevron Corp	CVX	8,808	$1,385	0.39%
67	Stryker Corp	SYK	4,354	$1,328	0.38%
68	Oracle Corp.	ORCL-PD	10,319	$1,228	0.35%
69	Vanguard FTSE All-World Ex-US	922042775	22,118	$1,203	0.34%
70	Vanguard Developed Markets ETF	921943858	23,116	$1,067	0.30%
71	Pfizer Inc.	PFE	24,041	$881	0.25%
72	Caterpillar	CAT	3,542	$871	0.25%
73	Paychex, Inc.	PAYX	7,675	$858	0.24%
74	iShares US Preferred Stock	464288687	23,223	$718	0.20%
75	Vanguard Emerging Markets ETF	922042858	17,438	$709	0.20%
76	Illinois Tool Works	452308109	2,580	$645	0.18%
77	Intl Business Machines Corp	INTR	4,603	$615	0.17%
78	Yum! Brands Inc.	YUM	4,320	$598	0.17%
79	PPG Industries	693506107	3,700	$548	0.16%
80	Waste Management, Inc.	WM	3,090	$535	0.15%
81	Danaher Corp.	235851102	2,078	$498	0.14%
82	Marsh & McLennan Companies, In	571748102	2,620	$492	0.14%
83	Emerson Electric Co	EMR	5,100	$460	0.13%
84	iShares S&P Growth Allocation	464289867	8,819	$453	0.13%
85	Bristol-Myers Squibb Company	CELG-RI	7,010	$448	0.13%
86	3M Co	MMM	4,354	$435	0.12%
87	Kimberly-Clark Corp	KMB	3,085	$425	0.12%
88	Genuine Parts	GPC	2,390	$404	0.11%
89	Automatic Data Processing, Inc	ADP	1,815	$398	0.11%
90	iShares Core Total US Bond Mar	464287226	3,917	$383	0.11%
91	Invesco QQQ Trust Series 1	IVZ	985	$364	0.10%
92	Qualcomm, Inc.	QCOM	3,020	$359	0.10%
93	UnitedHealth Group Inc	UNH	740	$355	0.10%
94	Southern Co	SOMN	4,710	$330	0.09%
95	Nucor Corporation	NUE	1,936	$317	0.09%
96	Boston Properties, Inc.	BXP	4,850	$279	0.08%
97	Boeing Co	BA-PA	1,300	$274	0.08%
98	Amgen Inc.	AMGN	1,237	$274	0.08%
99	HP Inc.	HPQ	8,880	$272	0.08%
100	Invesco S&P 500 ETF	IVZ	1,797	$268	0.08%
101	General Electric Company	369604301	2,413	$265	0.08%
102	SPDR DJIA ETF Trust	78467X109	710	$244	0.07%
103	Yum China Holding Inc.	YUMC	4,320	$244	0.07%
104	Worthington Industries, Inc.	WOR	3,500	$243	0.07%
105	Masco Corp	MAS	4,000	$229	0.06%
106	Nvidia	NVDA	540	$228	0.06%
107	Agilent Technologies, Inc.	A	1,879	$225	0.06%
108	iShares Russell 1000 Growth In	464287614	811	$223	0.06%
109	iShares S&P Global Tech Sector	464287291	3,600	$223	0.06%
110	Lowe's Companies	548661107	980	$221	0.06%
111	Clorox Company	CLX	1,375	$218	0.06%
112	Archer Daniels Midland Com	ADM	2,880	$217	0.06%
113	Tupperware Corporation	899896104	39,344	$31	0.01%