BOSTON RESEARCH & MANAGEMENT INC Diversified Active

CIK: 0001259261 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $434 (100.0% shares, 0.0% debt)

Holdings (120)

New Positions (5)

IYK iShares US Consumer Staples ET 0.2%

Value ($000) $1 Shares 10,500 Est. Cost $0.07 Unrealized —

AMAT Applied Materials Inc 0.1%

Value ($000) $0 Shares 975 Est. Cost $239.49 Unrealized 0.0%

CHRW CH Robinson Worldwide Inc 0.1%

Value ($000) $0 Shares 1,390 Est. Cost $147.32 Unrealized 0.0%

— Yum China Holding Inc. 0.0%

Value ($000) $0 Shares 4,389 Est. Cost $0.05 Unrealized —

CVS CVS Health Corp 0.0%

Value ($000) $0 Shares 2,539 Est. Cost $78.67 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IYK	iShares US Consumer Staples ET	10,500	$1	0.2%	$0.07	—	COM	464287812
AMAT	Applied Materials Inc	975	$0	0.1%	$239.49	0.0%	COM	038222105
CHRW	CH Robinson Worldwide Inc	1,390	$0	0.1%	$147.32	0.0%	COM	12541W209
—	Yum China Holding Inc.	4,389	$0	0.0%	$0.05	—	COM	98850p109
CVS	CVS Health Corp	2,539	$0	0.0%	$78.67	0.0%	COM	126650100

Increased Positions (8)

IVV iShares Core S&P 500 ETF 5.0%

Value ($000) $22 (+10.7%) Shares 31,827 (+8.2%) Est. Cost $207.70 Unrealized —

RSP Invesco S&P 500 Equal Weight 0.3%

Value ($000) $1 (+100.2%) Shares 6,312 (+98.2%) Est. Cost $0.17 Unrealized —

— Exxon Mobil Corp. 1.6%

Value ($000) $7 (+8.3%) Shares 57,036 (+1.4%) Est. Cost $58.68 Unrealized —

PFF iShares US Preferred Stock 0.2%

Value ($000) $1 (+119.1%) Shares 31,159 (+123.4%) Est. Cost $12.86 Unrealized —

— AMEX Energy Sector SPDR 0.8%

Value ($000) $3 (-11.3%) Shares 75,677 (+77.2%) Est. Cost $20.07 Unrealized —

— Equinix Inc 0.7%

Value ($000) $3 (+12.5%) Shares 3,913 (+15.0%) Est. Cost $0.78 Unrealized —

IJH iShares Core S&P Midcap ETF 0.8%

Value ($000) $3 (+3.7%) Shares 52,316 (+2.5%) Est. Cost $33.37 Unrealized —

COP ConocoPhillips 0.9%

Value ($000) $4 (+1.4%) Shares 41,178 (+2.5%) Est. Cost $57.05 Unrealized +57.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IVV	iShares Core S&P 500 ETF	31,827 (+8.2%)	$22 (+10.7%)	5.0%	$207.70	—	COM	464287200
RSP	Invesco S&P 500 Equal Weight	6,312 (+98.2%)	$1 (+100.2%)	0.3%	$0.17	—	COM	46137V357
—	Exxon Mobil Corp.	57,036 (+1.4%)	$7 (+8.3%)	1.6%	$58.68	—	COM	30231g102
PFF	iShares US Preferred Stock	31,159 (+123.4%)	$1 (+119.1%)	0.2%	$12.86	—	COM	464288687
—	AMEX Energy Sector SPDR	75,677 (+77.2%)	$3 (-11.3%)	0.8%	$20.07	—	COM	81369y506
—	Equinix Inc	3,913 (+15.0%)	$3 (+12.5%)	0.7%	$0.78	—	COM	29444u700
IJH	iShares Core S&P Midcap ETF	52,316 (+2.5%)	$3 (+3.7%)	0.8%	$33.37	—	COM	464287507
COP	ConocoPhillips	41,178 (+2.5%)	$4 (+1.4%)	0.9%	$57.05	+57.8%	COM	20825C104

Exited Positions (4)

BBH VanEck Vectors Biotech ETF 0.4%

Value ($000) $2 Shares 10,446 Est. Cost $107.15 Unrealized —

IBB iShares Nasdaq Biotechnology I 0.4%

Value ($000) $2 Shares 10,978 Est. Cost $114.02 Unrealized —

— HP Inc. 0.1%

Value ($000) $0 Shares 8,680 Est. Cost $24.55 Unrealized —

ANET Arista Networks Inc. 0.1%

Value ($000) $0 Shares 1,600 Est. Cost $128.77 Unrealized +6.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BBH	VanEck Vectors Biotech ETF	10,446	$2	0.4%	$107.15	—	—	92189F726
IBB	iShares Nasdaq Biotechnology I	10,978	$2	0.4%	$114.02	—	—	464287556
—	HP Inc.	8,680	$0	0.1%	$24.55	—	—	40434l105
ANET	Arista Networks Inc.	1,600	$0	0.1%	$128.77	+6.9%	—	040413205

Decreased Positions (54)

MSFT Microsoft Corp 4.4%

Value ($000) $19 (-11.9%) Shares 39,185 (-5.7%) Est. Cost $30.31 Unrealized +1551.3%

FAST Fastenal Co 1.9%

Value ($000) $8 (-20.8%) Shares 202,870 (-3.3%) Est. Cost $25.88 Unrealized +62.4%

— Alphabet, Inc. - Class A 3.3%

Value ($000) $14 (+15.6%) Shares 45,649 (-10.2%) Est. Cost $121.22 Unrealized —

— Xylem Inc. 1.8%

Value ($000) $8 (-17.7%) Shares 57,645 (-10.9%) Est. Cost $35.54 Unrealized —

BK Bank of New York Mellon Corp 1.7%

Value ($000) $8 (-18.0%) Shares 64,824 (-23.1%) Est. Cost $31.56 Unrealized +250.2%

TSCO Tractor Supply Co 1.9%

Value ($000) $8 (-16.2%) Shares 166,680 (-4.7%) Est. Cost $46.48 Unrealized +15.6%

CMCSA Comcast Corp Cl A Vtg 0.7%

Value ($000) $3 (-34.0%) Shares 96,971 (-30.7%) Est. Cost $29.94 Unrealized -4.7%

— D.R. Horton, Inc. 1.4%

Value ($000) $6 (-18.2%) Shares 40,817 (-3.7%) Est. Cost $76.30 Unrealized —

MRK Merck & Co. Inc. 1.6%

Value ($000) $7 (+22.4%) Shares 65,994 (-2.4%) Est. Cost $54.08 Unrealized +72.4%

GIS General Mills Inc Com 1.1%

Value ($000) $5 (-20.0%) Shares 100,079 (-13.2%) Est. Cost $38.79 Unrealized +22.4%

— Linde PLC 1.5%

Value ($000) $7 (-13.7%) Shares 15,330 (-3.8%) Est. Cost $0.36 Unrealized —

LH Labcorp Holdings 1.4%

Value ($000) $6 (-14.8%) Shares 23,543 (-2.5%) Est. Cost $199.85 Unrealized +32.7%

— Adobe Inc 0.8%

Value ($000) $4 (-19.4%) Shares 10,289 (-18.8%) Est. Cost $0.46 Unrealized —

ABT Abbott Laboratories 1.6%

Value ($000) $7 (-10.6%) Shares 56,721 (-4.4%) Est. Cost $44.61 Unrealized +185.3%

PG Procter & Gamble Co 1.6%

Value ($000) $7 (-11.0%) Shares 47,170 (-4.6%) Est. Cost $85.80 Unrealized +71.5%

TMO Thermo Fisher Scientific 1.4%

Value ($000) $6 (+15.2%) Shares 10,579 (-3.6%) Est. Cost $448.92 Unrealized +25.9%

WMT Wal-Mart Stores 2.9%

Value ($000) $13 (-5.7%) Shares 112,494 (-12.7%) Est. Cost $44.69 Unrealized +139.9%

— AbbVie Inc. 2.6%

Value ($000) $11 (-6.0%) Shares 48,688 (-4.8%) Est. Cost $58.79 Unrealized —

— Mastercard, Inc. 2.5%

Value ($000) $11 (-6.1%) Shares 19,112 (-6.4%) Est. Cost $119.36 Unrealized —

SYY Sysco Corp 1.1%

Value ($000) $5 (-12.0%) Shares 67,560 (-1.7%) Est. Cost $63.85 Unrealized +18.3%

BRK/B Berkshire Hathaway Inc. Class 2.1%

Value ($000) $9 (-4.8%) Shares 18,105 (-4.7%) Est. Cost $138.52 Unrealized +259.2%

VB Vanguard Small-Cap ETF 0.5%

Value ($000) $2 (-14.7%) Shares 8,405 (-15.9%) Est. Cost $108.08 Unrealized —

LMT Lockheed Martin Corp 1.3%

Value ($000) $5 (-6.4%) Shares 11,299 (-3.4%) Est. Cost $348.29 Unrealized +36.7%

CL Colgate-Palmolive Company 1.1%

Value ($000) $5 (-7.1%) Shares 60,074 (-6.0%) Est. Cost $53.04 Unrealized +47.6%

SNA Snap-On Inc. 1.4%

Value ($000) $6 (-4.8%) Shares 18,124 (-4.3%) Est. Cost $129.97 Unrealized +162.0%

CAT Caterpillar 0.5%

Value ($000) $2 (+18.7%) Shares 3,502 (-1.1%) Est. Cost $69.91 Unrealized +694.6%

— Alphabet, Inc. - Class C 0.5%

Value ($000) $2 (-13.5%) Shares 6,457 (-32.8%) Est. Cost $121.71 Unrealized —

USB US Bancorp 1.2%

Value ($000) $5 (+6.2%) Shares 95,058 (-3.8%) Est. Cost $34.15 Unrealized +42.7%

— J.P. Morgan Chase & Co. 2.5%

Value ($000) $11 (-2.2%) Shares 33,055 (-4.3%) Est. Cost $99.50 Unrealized —

OMC Omnicom Group Inc Com 0.9%

Value ($000) $4 (-5.9%) Shares 47,203 (-4.9%) Est. Cost $52.13 Unrealized +45.3%

AAPL Apple Inc. 3.4%

Value ($000) $15 (-1.6%) Shares 53,583 (-7.8%) Est. Cost $90.26 Unrealized +197.3%

NVDA Nvidia 1.7%

Value ($000) $7 (-2.9%) Shares 39,188 (-2.9%) Est. Cost $119.33 Unrealized +56.0%

MCD McDonald's Corp 1.7%

Value ($000) $7 (-2.8%) Shares 24,172 (-3.4%) Est. Cost $90.13 Unrealized +238.5%

IAU iShares Comex Gold Trust 0.9%

Value ($000) $4 (+5.0%) Shares 46,954 (-5.9%) Est. Cost $33.69 Unrealized —

PEP Pepsi Co Inc 1.1%

Value ($000) $5 (-3.6%) Shares 33,959 (-5.6%) Est. Cost $80.18 Unrealized +82.0%

NEE Nextera Energy Inc. 1.4%

Value ($000) $6 (+3.0%) Shares 74,611 (-3.1%) Est. Cost $64.10 Unrealized +28.7%

— Cisco Systems, Inc. 2.2%

Value ($000) $10 (-1.7%) Shares 126,314 (-12.7%) Est. Cost $25.55 Unrealized —

IWM iShares Russell 2000 Index Fun 1.1%

Value ($000) $5 (-3.0%) Shares 19,992 (-4.7%) Est. Cost $97.53 Unrealized —

UPS United Parcel Services 0.9%

Value ($000) $4 (+3.8%) Shares 39,265 (-12.6%) Est. Cost $79.77 Unrealized +16.3%

DIA SPDR DJIA ETF Trust 0.2%

Value ($000) $1 (-11.8%) Shares 2,052 (-14.9%) Est. Cost $0.37 Unrealized —

DIS Walt Disney Co 1.2%

Value ($000) $5 (-2.3%) Shares 46,552 (-1.7%) Est. Cost $100.78 Unrealized +8.7%

MDT Medtronic Plc 1.1%

Value ($000) $5 (-2.6%) Shares 49,038 (-3.4%) Est. Cost $65.88 Unrealized +47.4%

CVX Chevron Corp 0.3%

Value ($000) $1 (-8.8%) Shares 7,920 (-7.0%) Est. Cost $73.85 Unrealized +105.0%

AMZN Amazon.com Inc 1.8%

Value ($000) $8 (-1.4%) Shares 33,539 (-6.2%) Est. Cost $125.18 Unrealized +82.8%

COST Costco Whsl Corp New Com 0.1%

Value ($000) $0 (-30.6%) Shares 290 (-25.6%) Est. Cost $770.84 Unrealized +17.5%

— iShares Core MSCI EAFE ETF 1.4%

Value ($000) $6 (+1.3%) Shares 69,781 (-1.1%) Est. Cost $52.49 Unrealized —

KMB Kimberly-Clark Corp 0.1%

Value ($000) $0 (-20.7%) Shares 2,955 (-2.5%) Est. Cost $63.45 Unrealized +70.8%

— iShares Core MSCI Emerging Mkt 1.6%

Value ($000) $7 (-1.0%) Shares 103,881 (-2.9%) Est. Cost $42.11 Unrealized —

PFE Pfizer Inc. 0.1%

Value ($000) $0 (-16.8%) Shares 12,797 (-14.8%) Est. Cost $20.03 Unrealized +25.0%

— VaneckVectors HY Muni ETF 0.1%

Value ($000) $1 (-9.2%) Shares 12,240 (-9.5%) Est. Cost $56.43 Unrealized —

KO Coca-Cola Company 1.2%

Value ($000) $5 (+1.2%) Shares 74,630 (-4.0%) Est. Cost $32.68 Unrealized +112.4%

VEU Vanguard FTSE All-World Ex-US 0.3%

Value ($000) $1 (-4.8%) Shares 15,681 (-7.7%) Est. Cost $40.20 Unrealized —

ACN Accenture PLC 1.1%

Value ($000) $5 (+0.3%) Shares 18,308 (-7.8%) Est. Cost $118.93 Unrealized +113.6%

VWO Vanguard Emerging Markets ETF 0.2%

Value ($000) $1 (-2.0%) Shares 13,964 (-1.1%) Est. Cost $33.37 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corp	39,185 (-5.7%)	$19 (-11.9%)	4.4%	$30.31	+1551.3%	COM	594918104
FAST	Fastenal Co	202,870 (-3.3%)	$8 (-20.8%)	1.9%	$25.88	+62.4%	COM	311900104
—	Alphabet, Inc. - Class A	45,649 (-10.2%)	$14 (+15.6%)	3.3%	$121.22	—	COM	02079k305
—	Xylem Inc.	57,645 (-10.9%)	$8 (-17.7%)	1.8%	$35.54	—	COM	98419m100
BK	Bank of New York Mellon Corp	64,824 (-23.1%)	$8 (-18.0%)	1.7%	$31.56	+250.2%	COM	064058100
TSCO	Tractor Supply Co	166,680 (-4.7%)	$8 (-16.2%)	1.9%	$46.48	+15.6%	COM	892356106
CMCSA	Comcast Corp Cl A Vtg	96,971 (-30.7%)	$3 (-34.0%)	0.7%	$29.94	-4.7%	COM	20030N101
—	D.R. Horton, Inc.	40,817 (-3.7%)	$6 (-18.2%)	1.4%	$76.30	—	COM	23331a109
MRK	Merck & Co. Inc.	65,994 (-2.4%)	$7 (+22.4%)	1.6%	$54.08	+72.4%	COM	58933Y105
GIS	General Mills Inc Com	100,079 (-13.2%)	$5 (-20.0%)	1.1%	$38.79	+22.4%	COM	370334104
—	Linde PLC	15,330 (-3.8%)	$7 (-13.7%)	1.5%	$0.36	—	COM	g54950103
LH	Labcorp Holdings	23,543 (-2.5%)	$6 (-14.8%)	1.4%	$199.85	+32.7%	COM	504922105
—	Adobe Inc	10,289 (-18.8%)	$4 (-19.4%)	0.8%	$0.46	—	COM	00724f101
ABT	Abbott Laboratories	56,721 (-4.4%)	$7 (-10.6%)	1.6%	$44.61	+185.3%	COM	002824100
PG	Procter & Gamble Co	47,170 (-4.6%)	$7 (-11.0%)	1.6%	$85.80	+71.5%	COM	742718109
TMO	Thermo Fisher Scientific	10,579 (-3.6%)	$6 (+15.2%)	1.4%	$448.92	+25.9%	COM	883556102
WMT	Wal-Mart Stores	112,494 (-12.7%)	$13 (-5.7%)	2.9%	$44.69	+139.9%	COM	931142103
—	AbbVie Inc.	48,688 (-4.8%)	$11 (-6.0%)	2.6%	$58.79	—	COM	00287y109
—	Mastercard, Inc.	19,112 (-6.4%)	$11 (-6.1%)	2.5%	$119.36	—	COM	57636q104
SYY	Sysco Corp	67,560 (-1.7%)	$5 (-12.0%)	1.1%	$63.85	+18.3%	COM	871829107
BRK/B	Berkshire Hathaway Inc. Class	18,105 (-4.7%)	$9 (-4.8%)	2.1%	$138.52	+259.2%	COM	084670702
VB	Vanguard Small-Cap ETF	8,405 (-15.9%)	$2 (-14.7%)	0.5%	$108.08	—	COM	922908751
LMT	Lockheed Martin Corp	11,299 (-3.4%)	$5 (-6.4%)	1.3%	$348.29	+36.7%	COM	539830109
CL	Colgate-Palmolive Company	60,074 (-6.0%)	$5 (-7.1%)	1.1%	$53.04	+47.6%	COM	194162103
SNA	Snap-On Inc.	18,124 (-4.3%)	$6 (-4.8%)	1.4%	$129.97	+162.0%	COM	833034101
CAT	Caterpillar	3,502 (-1.1%)	$2 (+18.7%)	0.5%	$69.91	+694.6%	COM	149123101
—	Alphabet, Inc. - Class C	6,457 (-32.8%)	$2 (-13.5%)	0.5%	$121.71	—	COM	02079k107
USB	US Bancorp	95,058 (-3.8%)	$5 (+6.2%)	1.2%	$34.15	+42.7%	COM	902973304
—	J.P. Morgan Chase & Co.	33,055 (-4.3%)	$11 (-2.2%)	2.5%	$99.50	—	COM	46625h100
OMC	Omnicom Group Inc Com	47,203 (-4.9%)	$4 (-5.9%)	0.9%	$52.13	+45.3%	COM	681919106
AAPL	Apple Inc.	53,583 (-7.8%)	$15 (-1.6%)	3.4%	$90.26	+197.3%	COM	037833100
NVDA	Nvidia	39,188 (-2.9%)	$7 (-2.9%)	1.7%	$119.33	+56.0%	COM	67066G104
MCD	McDonald's Corp	24,172 (-3.4%)	$7 (-2.8%)	1.7%	$90.13	+238.5%	COM	580135101
IAU	iShares Comex Gold Trust	46,954 (-5.9%)	$4 (+5.0%)	0.9%	$33.69	—	COM	464285204
PEP	Pepsi Co Inc	33,959 (-5.6%)	$5 (-3.6%)	1.1%	$80.18	+82.0%	COM	713448108
NEE	Nextera Energy Inc.	74,611 (-3.1%)	$6 (+3.0%)	1.4%	$64.10	+28.7%	COM	65339F101
—	Cisco Systems, Inc.	126,314 (-12.7%)	$10 (-1.7%)	2.2%	$25.55	—	COM	17275r102
IWM	iShares Russell 2000 Index Fun	19,992 (-4.7%)	$5 (-3.0%)	1.1%	$97.53	—	COM	464287655
UPS	United Parcel Services	39,265 (-12.6%)	$4 (+3.8%)	0.9%	$79.77	+16.3%	COM	911312106
DIA	SPDR DJIA ETF Trust	2,052 (-14.9%)	$1 (-11.8%)	0.2%	$0.37	—	COM	78467X109
DIS	Walt Disney Co	46,552 (-1.7%)	$5 (-2.3%)	1.2%	$100.78	+8.7%	COM	254687106
MDT	Medtronic Plc	49,038 (-3.4%)	$5 (-2.6%)	1.1%	$65.88	+47.4%	COM	G5960L103
CVX	Chevron Corp	7,920 (-7.0%)	$1 (-8.8%)	0.3%	$73.85	+105.0%	COM	166764100
AMZN	Amazon.com Inc	33,539 (-6.2%)	$8 (-1.4%)	1.8%	$125.18	+82.8%	COM	023135106
COST	Costco Whsl Corp New Com	290 (-25.6%)	$0 (-30.6%)	0.1%	$770.84	+17.5%	COM	22160K105
—	iShares Core MSCI EAFE ETF	69,781 (-1.1%)	$6 (+1.3%)	1.4%	$52.49	—	COM	46432f842
KMB	Kimberly-Clark Corp	2,955 (-2.5%)	$0 (-20.7%)	0.1%	$63.45	+70.8%	COM	494368103
—	iShares Core MSCI Emerging Mkt	103,881 (-2.9%)	$7 (-1.0%)	1.6%	$42.11	—	COM	46434g103
PFE	Pfizer Inc.	12,797 (-14.8%)	$0 (-16.8%)	0.1%	$20.03	+25.0%	COM	717081103
—	VaneckVectors HY Muni ETF	12,240 (-9.5%)	$1 (-9.2%)	0.1%	$56.43	—	COM	92189h409
KO	Coca-Cola Company	74,630 (-4.0%)	$5 (+1.2%)	1.2%	$32.68	+112.4%	COM	191216100
VEU	Vanguard FTSE All-World Ex-US	15,681 (-7.7%)	$1 (-4.8%)	0.3%	$40.20	—	COM	922042775
ACN	Accenture PLC	18,308 (-7.8%)	$5 (+0.3%)	1.1%	$118.93	+113.6%	COM	G1151C101
VWO	Vanguard Emerging Markets ETF	13,964 (-1.1%)	$1 (-2.0%)	0.2%	$33.37	—	COM	922042858

Unchanged Positions (53)

LLY Eli Lilly & Co 1.0%

Value ($000) $4 Shares 4,148 Est. Cost $42.21 Unrealized +2163.6%

ORCL Oracle Corp. 0.4%

Value ($000) $2 Shares 9,814 Est. Cost $33.30 Unrealized +615.0%

HD Home Depot, Inc. 0.7%

Value ($000) $3 Shares 8,805 Est. Cost $70.82 Unrealized +414.8%

— Verizon Communications 1.0%

Value ($000) $4 Shares 108,475 Est. Cost $31.77 Unrealized —

CTAS Cintas Corporation 0.9%

Value ($000) $4 Shares 20,270 Est. Cost $144.92 Unrealized +29.8%

— Duke Energy Corp. 1.2%

Value ($000) $5 Shares 45,407 Est. Cost $67.95 Unrealized —

JNJ Johnson & Johnson 0.5%

Value ($000) $2 Shares 9,613 Est. Cost $66.31 Unrealized +197.1%

PAYX Paychex, Inc. 0.2%

Value ($000) $1 Shares 7,555 Est. Cost $25.02 Unrealized +365.8%

SPY SPDR S&P 500 ETF 1.1%

Value ($000) $5 Shares 7,046 Est. Cost $156.23 Unrealized —

IJR iShares Core S&P SmallCap ETF 2.1%

Value ($000) $9 Shares 76,018 Est. Cost $76.51 Unrealized —

VTI Vanguard Total Stock Market ET 1.0%

Value ($000) $4 Shares 12,380 Est. Cost $84.24 Unrealized —

SYK Stryker Corp 0.4%

Value ($000) $2 Shares 4,354 Est. Cost $56.92 Unrealized +538.6%

INDB Independent Bank Corp Mass Com 0.3%

Value ($000) $1 Shares 17,011 Est. Cost $66.90 Unrealized +5.4%

ADP Automatic Data Processing, Inc 0.1%

Value ($000) $0 Shares 1,630 Est. Cost $125.00 Unrealized +111.9%

BMY Bristol-Myers Squibb Company 0.1%

Value ($000) $0 Shares 6,660 Est. Cost $37.82 Unrealized +25.6%

DHR Danaher Corp. 0.1%

Value ($000) $0 Shares 1,918 Est. Cost $71.26 Unrealized +208.1%

AMGN Amgen Inc. 0.1%

Value ($000) $0 Shares 1,237 Est. Cost $130.63 Unrealized +141.9%

NUE Nucor Corporation 0.1%

Value ($000) $0 Shares 1,936 Est. Cost $102.52 Unrealized +46.1%

IBM Intl Business Machines Corp 0.2%

Value ($000) $1 Shares 3,260 Est. Cost $111.21 Unrealized +168.7%

VEA Vanguard Developed Markets ETF 0.3%

Value ($000) $1 Shares 20,068 Est. Cost $35.24 Unrealized —

MRSH Marsh & McLennan Companies, In 0.1%

Value ($000) $0 Shares 2,620 Est. Cost $61.73 Unrealized +202.0%

GPC Genuine Parts 0.1%

Value ($000) $0 Shares 2,390 Est. Cost $67.34 Unrealized +91.1%

ITW Illinois Tool Works 0.1%

Value ($000) $1 Shares 2,580 Est. Cost $61.40 Unrealized +303.2%

SO Southern Co 0.1%

Value ($000) $0 Shares 4,710 Est. Cost $29.23 Unrealized +211.0%

BXP Boston Properties, Inc. 0.1%

Value ($000) $0 Shares 4,850 Est. Cost $64.00 Unrealized +10.0%

AXP American Express Co 0.1%

Value ($000) $0 Shares 800 Est. Cost $245.13 Unrealized +45.6%

MAS Masco Corp 0.1%

Value ($000) $0 Shares 4,000 Est. Cost $49.92 Unrealized +29.7%

— RTX Corporation 0.1%

Value ($000) $0 Shares 1,635 Est. Cost $0.12 Unrealized —

GS Goldman Sachs Group Com 0.1%

Value ($000) $0 Shares 300 Est. Cost $571.74 Unrealized +42.3%

— GE Vernova Inc 0.1%

Value ($000) $0 Shares 600 Est. Cost $0.53 Unrealized —

MMM 3M Co 0.2%

Value ($000) $1 Shares 4,394 Est. Cost $77.42 Unrealized +110.8%

— Wisconsin Energy Group Inc. 0.0%

Value ($000) $0 Shares 1,902 Est. Cost $0.11 Unrealized —

GE GE Aerospace 0.2%

Value ($000) $1 Shares 2,373 Est. Cost $66.62 Unrealized +351.5%

QCOM Qualcomm, Inc. 0.1%

Value ($000) $1 Shares 3,020 Est. Cost $63.38 Unrealized +169.5%

— Agilent Technologies, Inc. 0.1%

Value ($000) $0 Shares 1,737 Est. Cost $118.15 Unrealized —

ESBA Empire St Realty 0.0%

Value ($000) $0 Shares 10,754 Est. Cost $0.01 Unrealized —

UNH UnitedHealth Group Inc 0.1%

Value ($000) $0 Shares 740 Est. Cost $236.60 Unrealized +42.5%

— Invesco QQQ Trust Series 1 0.1%

Value ($000) $1 Shares 844 Est. Cost $0.31 Unrealized —

LOW Lowe's Companies 0.1%

Value ($000) $0 Shares 980 Est. Cost $197.77 Unrealized +21.3%

PPG PPG Industries 0.1%

Value ($000) $0 Shares 3,700 Est. Cost $77.00 Unrealized +30.0%

IXN iShares S&P Global Tech Sector 0.1%

Value ($000) $0 Shares 3,600 Est. Cost $0.06 Unrealized —

AOR iShares S&P Growth Allocation 0.1%

Value ($000) $0 Shares 6,956 Est. Cost $37.58 Unrealized —

EMR Emerson Electric Co 0.2%

Value ($000) $1 Shares 5,100 Est. Cost $37.33 Unrealized +254.6%

— Tesla Inc. 0.1%

Value ($000) $1 Shares 1,265 Est. Cost $0.26 Unrealized —

IWB iShares Russell 1000 Index Fun 0.1%

Value ($000) $0 Shares 768 Est. Cost $0.26 Unrealized —

AGG iShares Core Total US Bond Mar 0.1%

Value ($000) $0 Shares 4,721 Est. Cost $75.91 Unrealized —

— Waste Management, Inc. 0.2%

Value ($000) $1 Shares 3,090 Est. Cost $41.04 Unrealized —

YUM Yum! Brands Inc. 0.2%

Value ($000) $1 Shares 4,320 Est. Cost $41.04 Unrealized +259.8%

GD General Dynamics Corporation 0.1%

Value ($000) $0 Shares 770 Est. Cost $234.24 Unrealized +45.5%

IWF iShares Russell 1000 Growth In 0.1%

Value ($000) $0 Shares 643 Est. Cost $0.27 Unrealized —

AFL Aflac, Inc. 0.0%

Value ($000) $0 Shares 1,880 Est. Cost $104.19 Unrealized +5.4%

BA Boeing Co 0.1%

Value ($000) $0 Shares 1,300 Est. Cost $156.93 Unrealized +31.1%

HYG iShares iBoxx High Yield Corp 0.6%

Value ($000) $3 Shares 31,992 Est. Cost $67.36 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	Eli Lilly & Co	4,148	$4	1.0%	$42.21	+2163.6%	COM	532457108
ORCL	Oracle Corp.	9,814	$2	0.4%	$33.30	+615.0%	COM	68389X105
HD	Home Depot, Inc.	8,805	$3	0.7%	$70.82	+414.8%	COM	437076102
—	Verizon Communications	108,475	$4	1.0%	$31.77	—	COM	92343v104
CTAS	Cintas Corporation	20,270	$4	0.9%	$144.92	+29.8%	COM	172908105
—	Duke Energy Corp.	45,407	$5	1.2%	$67.95	—	COM	26441c204
JNJ	Johnson & Johnson	9,613	$2	0.5%	$66.31	+197.1%	COM	478160104
PAYX	Paychex, Inc.	7,555	$1	0.2%	$25.02	+365.8%	COM	704326107
SPY	SPDR S&P 500 ETF	7,046	$5	1.1%	$156.23	—	COM	78462F103
IJR	iShares Core S&P SmallCap ETF	76,018	$9	2.1%	$76.51	—	COM	464287804
VTI	Vanguard Total Stock Market ET	12,380	$4	1.0%	$84.24	—	COM	922908769
SYK	Stryker Corp	4,354	$2	0.4%	$56.92	+538.6%	COM	863667101
INDB	Independent Bank Corp Mass Com	17,011	$1	0.3%	$66.90	+5.4%	COM	453836108
ADP	Automatic Data Processing, Inc	1,630	$0	0.1%	$125.00	+111.9%	COM	053015103
BMY	Bristol-Myers Squibb Company	6,660	$0	0.1%	$37.82	+25.6%	COM	110122108
DHR	Danaher Corp.	1,918	$0	0.1%	$71.26	+208.1%	COM	235851102
AMGN	Amgen Inc.	1,237	$0	0.1%	$130.63	+141.9%	COM	031162100
NUE	Nucor Corporation	1,936	$0	0.1%	$102.52	+46.1%	COM	670346105
IBM	Intl Business Machines Corp	3,260	$1	0.2%	$111.21	+168.7%	COM	459200101
VEA	Vanguard Developed Markets ETF	20,068	$1	0.3%	$35.24	—	COM	921943858
MRSH	Marsh & McLennan Companies, In	2,620	$0	0.1%	$61.73	+202.0%	COM	571748102
GPC	Genuine Parts	2,390	$0	0.1%	$67.34	+91.1%	COM	372460105
ITW	Illinois Tool Works	2,580	$1	0.1%	$61.40	+303.2%	COM	452308109
SO	Southern Co	4,710	$0	0.1%	$29.23	+211.0%	COM	842587107
BXP	Boston Properties, Inc.	4,850	$0	0.1%	$64.00	+10.0%	COM	101121101
AXP	American Express Co	800	$0	0.1%	$245.13	+45.6%	COM	025816109
MAS	Masco Corp	4,000	$0	0.1%	$49.92	+29.7%	COM	574599106
—	RTX Corporation	1,635	$0	0.1%	$0.12	—	COM	75513e101
GS	Goldman Sachs Group Com	300	$0	0.1%	$571.74	+42.3%	COM	38141G104
—	GE Vernova Inc	600	$0	0.1%	$0.53	—	COM	36828a101
MMM	3M Co	4,394	$1	0.2%	$77.42	+110.8%	COM	88579Y101
—	Wisconsin Energy Group Inc.	1,902	$0	0.0%	$0.11	—	COM	92939u106
GE	GE Aerospace	2,373	$1	0.2%	$66.62	+351.5%	COM	369604301
QCOM	Qualcomm, Inc.	3,020	$1	0.1%	$63.38	+169.5%	COM	747525103
—	Agilent Technologies, Inc.	1,737	$0	0.1%	$118.15	—	COM	00846u101
ESBA	Empire St Realty	10,754	$0	0.0%	$0.01	—	COM	292102100
UNH	UnitedHealth Group Inc	740	$0	0.1%	$236.60	+42.5%	COM	91324P102
—	Invesco QQQ Trust Series 1	844	$1	0.1%	$0.31	—	COM	46090e103
LOW	Lowe's Companies	980	$0	0.1%	$197.77	+21.3%	COM	548661107
PPG	PPG Industries	3,700	$0	0.1%	$77.00	+30.0%	COM	693506107
IXN	iShares S&P Global Tech Sector	3,600	$0	0.1%	$0.06	—	COM	464287291
AOR	iShares S&P Growth Allocation	6,956	$0	0.1%	$37.58	—	COM	464289867
EMR	Emerson Electric Co	5,100	$1	0.2%	$37.33	+254.6%	COM	291011104
—	Tesla Inc.	1,265	$1	0.1%	$0.26	—	COM	88160r101
IWB	iShares Russell 1000 Index Fun	768	$0	0.1%	$0.26	—	COM	464287622
AGG	iShares Core Total US Bond Mar	4,721	$0	0.1%	$75.91	—	COM	464287226
—	Waste Management, Inc.	3,090	$1	0.2%	$41.04	—	COM	94106l109
YUM	Yum! Brands Inc.	4,320	$1	0.2%	$41.04	+259.8%	COM	988498101
GD	General Dynamics Corporation	770	$0	0.1%	$234.24	+45.5%	COM	369550108
IWF	iShares Russell 1000 Growth In	643	$0	0.1%	$0.27	—	COM	464287614
AFL	Aflac, Inc.	1,880	$0	0.0%	$104.19	+5.4%	COM	001055102
BA	Boeing Co	1,300	$0	0.1%	$156.93	+31.1%	COM	097023105
HYG	iShares iBoxx High Yield Corp	31,992	$3	0.6%	$67.36	—	COM	464288513