New England Research & Management, Inc.

CHICAGO, IL · CIK 1596077 · 13F filing filed 2023-07-05

SEC-registered investment adviser since 1979 · corporation

Assets managed$337.1m
Staff4 · 3 in investment roles
Main clients (by assets)High net worth individuals 90%, Individuals 8%, Pension plans 2%
Websitenerminc.com
Form ADV · 2026-08-25SEC adviser record

Kindwealth
Others nearbyChicago, IL

$172.4m reported value +1.1% vs Q1 2023

133positions

24.7%in top 10

19 new 33 added 58 reduced 29 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CHURCH & DWIGHT CO INC COM CHD	CHD	59,000	$5.9m3.43%	3.43%	Unchanged
2	APPLE INC COM AAPL	AAPL	29,606	$5.7m3.33%	3.33%	Added +949	+949 3.3%
3	JOHNSON & JOHNSON COM JNJ	JNJ	30,613	$5.1m2.94%	2.94%	Added +75	+75 0.2%
4	MICROSOFT CORP COM MSFT	MSFT	14,098	$4.8m2.78%	2.78%	Reduced -1.6k	-1,566 -10.0%
5	UNITED PARCEL SERVICE INC CL B UPS	UPS	21,482	$3.9m2.23%	2.23%	Added +1.9k	+1,895 9.7%
6	CSX CORP COM CSX	CSX	108,819	$3.7m2.15%	2.15%	Reduced -1.1k	-1,075 -1.0%
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	30,081	$3.6m2.09%	2.09%	Added +165	+165 0.6%
8	HONEYWELL INTL INC COM COM		16,189	$3.4m1.95%	1.95%	Reduced -280	-280 -1.7%
9	COCA COLA CO COM KO	KO	54,813	$3.3m1.91%	1.91%	Reduced -3.5k	-3,525 -6.0%
10	KIMBERLY-CLARK CORP COM KMB	KMB	23,513	$3.2m1.88%	1.88%	Reduced -900	-900 -3.7%
11	JACOBS ENGR GROUP INC COM JEC	JEC	26,725	$3.2m1.84%	1.84%	Added +925	+925 3.6%
12	AMGEN INC COM AMGN	AMGN	14,230	$3.2m1.83%	1.83%	Added +4.2k	+4,175 41.5%
13	ZOETIS INC CL A ZTS	ZTS	18,253	$3.1m1.82%	1.82%	Added +1.1k	+1,150 6.7%
14	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	48,152	$3.1m1.79%	1.79%	Added +5.4k	+5,405 12.6%
15	PFIZER INC COM PFE	PFE	80,650	$3.0m1.72%	1.72%	Added +5.7k	+5,675 7.6%
16	UNITED RENTALS INC COM URI	URI	6,395	$2.8m1.65%	1.65%	Reduced -57	-57 -0.9%
17	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	8,145	$2.8m1.61%	1.61%	Reduced -80	-80 -1.0%
18	CANADIAN PACIFIC KANSAS CITY COM CP	CP	30,681	$2.5m1.44%	1.44%	New
19	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	18,192	$2.4m1.41%	1.41%	Added +4.5k	+4,550 33.4%
20	CISCO SYS INC COM CSCO	CSCO	44,557	$2.3m1.34%	1.34%	Reduced -5.1k	-5,084 -10.2%
21	NIKE INC CL B NKE	NKE	20,252	$2.2m1.30%	1.30%	Added +3.8k	+3,800 23.1%
22	LAUDER ESTEE COS INC CL A EL	EL	11,298	$2.2m1.29%	1.29%	Added +2.2k	+2,250 24.9%
23	EXXON MOBIL CORP COM XOM	XOM	19,805	$2.1m1.23%	1.23%	Unchanged
24	ABBOTT LABS COM ABT	ABT	19,174	$2.1m1.21%	1.21%	Reduced -190	-190 -1.0%
25	SYSCO CORP COM SYY	SYY	28,134	$2.1m1.21%	1.21%	Added +11.5k	+11,500 69.1%
26	EQT CORP COM EQT	EQT	46,950	$1.9m1.12%	1.12%	Reduced -15.6k	-15,550 -24.9%
27	MERCK & CO INC COM MRK	MRK	16,324	$1.9m1.09%	1.09%	Reduced -149	-149 -0.9%
28	UNION PAC CORP COM UNP	UNP	9,161	$1.9m1.09%	1.09%	Reduced -2.9k	-2,865 -23.8%
29	CONOCOPHILLIPS COM COP	COP	17,275	$1.8m1.04%	1.04%	Added +1.8k	+1,825 11.8%
30	TARGET CORP COM TGT	TGT	13,200	$1.7m1.01%	1.01%	Added +9.7k	+9,675 274.5%
31	SCHWAB CHARLES CORP COM SCHW	SCHW	30,230	$1.7m0.99%	0.99%	Reduced -75	-75 -0.2%
32	DANAHER CORPORATION COM DHR	DHR	7,121	$1.7m0.99%	0.99%	Added +3.1k	+3,105 77.3%
33	NEXTERA ENERGY INC COM NEE	NEE	22,750	$1.7m0.98%	0.98%	Added +20.1k	+20,050 742.6%
34	MEDTRONIC PLC SHS MDT	MDT	18,954	$1.7m0.97%	0.97%	Added +2.5k	+2,480 15.1%
35	ANALOG DEVICES INC COM ADI	ADI	8,325	$1.6m0.94%	0.94%	New
36	QUANTA SVCS INC COM PWR	PWR	8,138	$1.6m0.93%	0.93%	Reduced -1.3k	-1,287 -13.7%
37	KELLANOVA COM K	K	22,785	$1.5m0.89%	0.89%	Added +9.5k	+9,475 71.2%
38	CARRIER GLOBAL CORPORATION COM CARR	CARR	30,647	$1.5m0.88%	0.88%	Reduced -14.8k	-14,793 -32.6%
39	GENERAL MLS INC COM GIS	GIS	19,825	$1.5m0.88%	0.88%	Added +12.4k	+12,450 168.8%
40	PACCAR INC COM PCAR	PCAR	18,075	$1.5m0.88%	0.88%	Added +5.3k	+5,350 42.0%
41	MORGAN STANLEY COM NEW MS	MS	17,042	$1.5m0.84%	0.84%	Added +3.0k	+3,050 21.8%
42	ADVANCED MICRO DEVICES INC COM AMD	AMD	12,625	$1.4m0.83%	0.83%	New
43	DISNEY WALT CO COM DIS	DIS	16,087	$1.4m0.83%	0.83%	Reduced -245	-245 -1.5%
44	ALPHABET INC CAP STK CL C GOOG	GOOG	11,660	$1.4m0.82%	0.82%	Unchanged
45	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	15,325	$1.4m0.82%	0.82%	Reduced -700	-700 -4.4%
46	PROCTER AND GAMBLE CO COM PG	PG	9,246	$1.4m0.81%	0.81%	Unchanged
47	ELEVANCE HEALTH INC COM ELV	ELV	3,125	$1.4m0.81%	0.81%	Reduced -365	-365 -10.5%
48	UNITED THERAPEUTICS CORP DEL COM UTHR	UTHR	6,280	$1.4m0.80%	0.80%	Added +715	+715 12.8%
49	PIONEER NAT RES CO COM PXD	PXD	6,525	$1.4m0.78%	0.78%	Reduced -465	-465 -6.7%
50	CHUBB LIMITED COM CB	CB	6,930	$1.3m0.77%	0.77%	Unchanged
51	INVITATION HOMES INC COM INVH	INVH	38,594	$1.3m0.77%	0.77%	Added +10.4k	+10,450 37.1%
52	MCDONALDS CORP COM MCD	MCD	4,432	$1.3m0.77%	0.77%	Reduced -1.0k	-1,010 -18.6%
53	CHEVRON CORP NEW COM CVX	CVX	8,400	$1.3m0.77%	0.77%	Added +975	+975 13.1%
54	AMAZON COM INC COM AMZN	AMZN	10,000	$1.3m0.76%	0.76%	Added +2.0k	+2,000 25.0%
55	SIMON PPTY GROUP INC NEW COM SPG	SPG	11,225	$1.3m0.75%	0.75%	Reduced -75	-75 -0.7%
56	TIMKEN CO COM TKR	TKR	14,050	$1.3m0.75%	0.75%	Reduced -1.3k	-1,275 -8.3%
57	UNITEDHEALTH GROUP INC COM UNH	UNH	2,640	$1.3m0.74%	0.74%	Added +110	+110 4.3%
58	ALBEMARLE CORP COM ALB	ALB	5,376	$1.2m0.70%	0.70%	Added +1.0k	+1,010 23.1%
59	TRUIST FINL CORP COM TFC	TFC	39,105	$1.2m0.69%	0.69%	Reduced -1.8k	-1,786 -4.4%
60	DEVON ENERGY CORP NEW COM DVN	DVN	24,025	$1.2m0.67%	0.67%	Reduced -50	-50 -0.2%
61	WASTE MGMT INC DEL COM WM	WM	6,625	$1.1m0.67%	0.67%	Reduced -2.1k	-2,150 -24.5%
62	NORTHROP GRUMMAN CORP COM NOC	NOC	2,497	$1.1m0.66%	0.66%	Added +575	+575 29.9%
63	WASHINGTON TR BANCORP INC COM WASH	WASH	42,069	$1.1m0.65%	0.65%	Reduced -770	-770 -1.8%
64	PEPSICO INC COM PEP	PEP	6,043	$1.1m0.65%	0.65%	Unchanged
65	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	5,660	$1.1m0.64%	0.64%	Reduced -10	-10 -0.2%
66	PRUDENTIAL FINL INC COM PRU	PRU	12,564	$1.1m0.64%	0.64%	Reduced -8.5k	-8,512 -40.4%
67	TERADYNE INC COM TER	TER	9,950	$1.1m0.64%	0.64%	New
68	PAYPAL HLDGS INC COM PYPL	PYPL	15,875	$1.1m0.61%	0.61%	Reduced -425	-425 -2.6%
69	VISA INC COM CL A V	V	4,375	$1.0m0.60%	0.60%	New
70	CONAGRA BRANDS INC COM CAG	CAG	30,775	$1.0m0.60%	0.60%	New
71	AMN HEALTHCARE SVCS INC COM AMN	AMN	7,940	$866.0k0.50%	0.50%	Reduced -2.9k	-2,860 -26.5%
72	ELI LILLY & CO COM LLY	LLY	1,795	$842.0k0.49%	0.49%	Reduced -1.0k	-1,000 -35.8%
73	VALERO ENERGY CORP COM VLO	VLO	6,975	$818.0k0.47%	0.47%	New
74	ABBVIE INC COM ABBV	ABBV	5,933	$799.0k0.46%	0.46%	Reduced -22	-22 -0.4%
75	GSK PLC SPONSORED ADR GSK	GSK	22,270	$794.0k0.46%	0.46%	Added +995	+995 4.7%
76	EMERSON ELEC CO COM EMR	EMR	8,773	$793.0k0.46%	0.46%	Added +4.2k	+4,150 89.8%
77	ROCHE HLDG LTD FSPONSORED ADR 1 ADR RE 0.125 ORD SHS COM RHHBY	RHHBY	18,675	$713.0k0.41%	0.41%	Reduced -100	-100 -0.5%
78	REGENERON PHARMACEUTICALS COM REGN	REGN	940	$675.0k0.39%	0.39%	New
79	SONOCO PRODS CO COM SON	SON	10,950	$646.0k0.37%	0.37%	Reduced -50	-50 -0.5%
80	VERIZON COMMUNICATIONS INC COM VZ	VZ	17,309	$644.0k0.37%	0.37%	Reduced -450	-450 -2.5%
81	INDEPENDENT BK CORP MASS COM INDB	INDB	14,383	$640.0k0.37%	0.37%	Reduced -300	-300 -2.0%
82	COLGATE PALMOLIVE CO COM CL	CL	8,288	$639.0k0.37%	0.37%	Unchanged
83	STARBUCKS CORP COM SBUX	SBUX	6,195	$614.0k0.36%	0.36%	Reduced -50	-50 -0.8%
84	SMUCKER J M CO COM NEW SJM	SJM	3,750	$554.0k0.32%	0.32%	New
85	LINDE PLC SHS LIN	LIN	1,450	$553.0k0.32%	0.32%	Reduced -325	-325 -18.3%
86	BOEING CO COM BA	BA	2,603	$550.0k0.32%	0.32%	Reduced -10	-10 -0.4%
87	RESTAURANT BRANDS INTL INC COM QSR	QSR	7,099	$550.0k0.32%	0.32%	Reduced -7.1k	-7,075 -49.9%
88	CINTAS CORP COM CTAS	CTAS	1,075	$534.0k0.31%	0.31%	New
89	APACHE CORP COM 9990302D	9990302D	15,525	$530.0k0.31%	0.31%	Reduced -750	-750 -4.6%
90	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	3,575	$526.0k0.31%	0.31%	New
91	TRANSDIGM GROUP INC COM TDG	TDG	575	$514.0k0.30%	0.30%	Reduced -135	-135 -19.0%
92	REXFORD INDL RLTY INC COM REXR	REXR	9,475	$495.0k0.29%	0.29%	Reduced -225	-225 -2.3%
93	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	3,400	$485.0k0.28%	0.28%	Reduced -200	-200 -5.6%
94	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		6,650	$476.0k0.28%	0.28%	Unchanged
95	WALMART INC COM WMT	WMT	3,016	$474.0k0.27%	0.27%	Reduced -22	-22 -0.7%
96	BALL CORP COM BALL	BALL	8,105	$472.0k0.27%	0.27%	Reduced -13.0k	-12,970 -61.5%
97	NEWMONT CORP COM NEM	NEM	10,900	$465.0k0.27%	0.27%	New
98	ORGANON & CO COMMON STOCK OGN	OGN	21,926	$456.0k0.26%	0.26%	Reduced -125	-125 -0.6%
99	TEXTRON INC COM TXT	TXT	6,700	$453.0k0.26%	0.26%	Unchanged
100	MARVELL TECHNOLOGY INC COM MRVL	MRVL	7,325	$438.0k0.25%	0.25%	New

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
CANADIAN PAC RY LTD		23,131	$1.8m23.1k shares
DOLLAR TREE INC DLTR	DLTR	10,025	$1.4m10.0k shares
CELANESE CORP DEL CE	CE	13,175	$1.4m13.2k shares
CHENIERE ENERGY INC LNG	LNG	7,660	$1.2m7.7k shares
LOWES COS INC LOW	LOW	5,225	$1.0m5.2k shares
RTX CORPORATION RTX	RTX	10,625	$1.0m10.6k shares
BIOMARIN PHARMACEUTICAL INC BMRN	BMRN	9,550	$929.0k9.6k shares
COSTCO WHSL CORP NEW COST	COST	1,825	$907.0k1.8k shares
VERTEX PHARMACEUTICALS INC VRTX	VRTX	2,475	$780.0k2.5k shares
MARTIN MARIETTA MATLS INC MLM	MLM	2,150	$763.0k2.1k shares
ALASKA AIR GROUP INC ALK	ALK	17,775	$746.0k17.8k shares
ANTERO RESOURCES CORP AR	AR	31,550	$728.0k31.6k shares
EATON CORP PLC ETN	ETN	4,200	$720.0k4.2k shares
AIR PRODS & CHEMS INC APD	APD	2,200	$632.0k2.2k shares
ROLLINS INC ROL	ROL	16,600	$623.0k16.6k shares
CULLEN FROST BANKERS INC CFR	CFR	5,675	$598.0k5.7k shares
TORONTO DOMINION BK ONT TD	TD	8,900	$533.0k8.9k shares
CENTENE CORP DEL CNC	CNC	7,525	$476.0k7.5k shares
PPG INDS INC PPG	PPG	3,250	$434.0k3.2k shares
DELTA AIR LINES INC DEL DAL	DAL	11,450	$400.0k11.4k shares
LAM RESEARCH CORP		675	$358.0k675 shares
DONALDSON INC DCI	DCI	4,725	$309.0k4.7k shares
DYNATRACE INC DT	DT	6,640	$281.0k6.6k shares
CIENA CORP CIEN	CIEN	5,025	$264.0k5.0k shares
GENERAL DYNAMICS CORP GD	GD	1,104	$252.0k1.1k shares