New England Research & Management, Inc.

CHICAGO, IL · CIK 1596077 · 13F filing filed 2026-07-09

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

$256.9m reported value +8.6% vs Q1 2026

134positions

33.4%in top 10

24 new 41 added 51 reduced 33 sold out vs Q1 2026

Holdings, Q2 2026

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	ALPHABET INC CAP STK CL A GOOGL	GOOGL	40,825	$14.6m5.68%	5.68%	Reduced -525	-525 -1.3%
2	APPLE INC COM AAPL	AAPL	41,639	$12.0m4.69%	4.69%	Added +3.8k	+3,788 10.0%
3	UNITED RENTALS INC COM URI	URI	9,169	$10.4m4.04%	4.04%	Reduced -1.9k	-1,902 -17.2%
4	QUANTA SVCS INC COM PWR	PWR	14,367	$10.3m4.03%	4.03%	Added +2.2k	+2,174 17.8%
5	GE VERNOVA INC COM GEV	GEV	6,497	$7.6m2.97%	2.97%	Added +1.2k	+1,177 22.1%
6	JOHNSON & JOHNSON COM JNJ	JNJ	29,527	$7.5m2.92%	2.92%	Added +714	+714 2.5%
7	ABBVIE INC COM ABBV	ABBV	24,774	$6.2m2.43%	2.43%	Reduced -736	-736 -2.9%
8	MICROSOFT CORP COM MSFT	MSFT	15,927	$5.9m2.31%	2.31%	Added +919	+919 6.1%
9	CSX CORP COM CSX	CSX	123,926	$5.9m2.29%	2.29%	Reduced -2.5k	-2,547 -2.0%
10	VISA INC COM CL A V	V	15,495	$5.3m2.07%	2.07%	Added +1.5k	+1,549 11.1%
11	CHURCH & DWIGHT CO INC COM CHD	CHD	50,200	$4.9m1.89%	1.89%	Reduced -1.4k	-1,350 -2.6%
12	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	9,203	$4.6m1.79%	1.79%	Reduced -299	-299 -3.1%
13	AMGEN INC COM AMGN	AMGN	11,880	$4.3m1.67%	1.67%	Added +2.1k	+2,070 21.1%
14	ELI LILLY & CO COM LLY	LLY	3,556	$4.3m1.66%	1.66%	Added +403	+403 12.8%
15	BROADCOM INC COM AVGO	AVGO	11,176	$4.2m1.64%	1.64%	Reduced -195	-195 -1.7%
16	AMAZON COM INC COM AMZN	AMZN	17,079	$4.1m1.58%	1.58%	Reduced -2.4k	-2,393 -12.3%
17	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	28,277	$3.7m1.45%	1.45%	Added +5.5k	+5,481 24.0%
18	UNION PAC CORP COM UNP	UNP	13,403	$3.6m1.42%	1.42%	Added +4.3k	+4,340 47.9%
19	NETFLIX INC COM NFLX	NFLX	49,574	$3.5m1.38%	1.38%	Added +14.1k	+14,094 39.7%
20	MERCK & CO INC COM MRK	MRK	27,279	$3.5m1.36%	1.36%	Added +750	+750 2.8%
21	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	12,368	$3.5m1.35%	1.35%	Added +2.4k	+2,353 23.5%
22	ALPHABET INC CAP STK CL C GOOG	GOOG	9,620	$3.4m1.32%	1.32%	Reduced -250	-250 -2.5%
23	MORGAN STANLEY COM NEW MS	MS	14,450	$3.0m1.18%	1.18%	Added +500	+500 3.6%
24	ASTRAZENECA PLC ORD AZN	AZN	15,893	$3.0m1.17%	1.17%	Added +12.6k	+12,595 381.9%
25	GOLDMAN SACHS GROUP INC COM GS	GS	2,916	$2.9m1.15%	1.15%	Reduced -107	-107 -3.5%
26	VERTIV HOLDINGS CO COM CL A VRT	VRT	8,330	$2.8m1.09%	1.09%	Added +3.4k	+3,380 68.3%
27	SYSCO CORP COM SYY	SYY	31,954	$2.7m1.04%	1.04%	Added +7.2k	+7,250 29.4%
28	COCA COLA CO COM KO	KO	32,796	$2.7m1.04%	1.04%	Reduced -512	-512 -1.5%
29	GILEAD SCIENCES INC COM GILD	GILD	21,070	$2.7m1.04%	1.04%	Added +10.0k	+10,000 90.3%
30	EMERSON ELEC CO COM EMR	EMR	17,388	$2.5m0.97%	0.97%	Added +12.9k	+12,880 285.7%
31	CHUBB LIMITED COM CB	CB	7,150	$2.4m0.95%	0.95%	Added +690	+690 10.7%
32	TRUIST FINL CORP COM TFC	TFC	48,790	$2.4m0.95%	0.95%	Added +123	+123 0.2%
33	NEXTERA ENERGY INC COM NEE	NEE	25,611	$2.2m0.87%	0.87%	Added +40	+40 0.2%
34	REGENERON PHARMACEUTICALS COM REGN	REGN	3,475	$2.2m0.84%	0.84%	Added +2.9k	+2,900 504.4%
35	KIMBERLY-CLARK CORP COM KMB	KMB	19,688	$2.2m0.84%	0.84%	Reduced -2.0k	-2,009 -9.3%
36	PROCTER AND GAMBLE CO COM PG	PG	14,221	$2.1m0.81%	0.81%	Reduced -600	-600 -4.0%
37	JPMORGAN CHASE & CO COM JPM	JPM	6,251	$2.0m0.80%	0.80%	Reduced -725	-725 -10.4%
38	STRYKER CORPORATION COM SYK	SYK	6,455	$2.0m0.79%	0.79%	Added +1.2k	+1,160 21.9%
39	CISCO SYS INC COM CSCO	CSCO	17,265	$2.0m0.79%	0.79%	Added +8.6k	+8,600 99.2%
40	FREEPORT-MCMORAN INC CL B FCX	FCX	31,320	$2.0m0.77%	0.77%	Added +14.2k	+14,195 82.9%
41	ULTA BEAUTY INC COM ULTA	ULTA	4,303	$1.9m0.76%	0.76%	New
42	ABBOTT LABS COM ABT	ABT	21,174	$1.9m0.75%	0.75%	Reduced -700	-700 -3.2%
43	MCDONALDS CORP COM MCD	MCD	6,969	$1.9m0.73%	0.73%	Reduced -750	-750 -9.7%
44	CITIGROUP INC COM NEW C	C	13,452	$1.9m0.73%	0.73%	Reduced -1.8k	-1,775 -11.7%
45	NVIDIA CORPORATION COM NVDA	NVDA	9,327	$1.9m0.73%	0.73%	Added +100	+100 1.1%
46	GE AEROSPACE COM NEW GE	GE	4,961	$1.9m0.72%	0.72%	Reduced -1.1k	-1,058 -17.6%
47	NUTRIEN LTD COM NTR	NTR	29,050	$1.8m0.71%	0.71%	Added +20.0k	+20,000 221.0%
48	CONOCOPHILLIPS COM COP	COP	17,175	$1.8m0.69%	0.69%	New
49	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	5,325	$1.8m0.68%	0.68%	Added +1.7k	+1,725 47.9%
50	PROSPERITY BANCSHARES INC COM PB	PB	23,475	$1.7m0.67%	0.67%	Reduced -1.6k	-1,550 -6.2%
51	EXXON MOBIL CORP COM XOM	XOM	12,389	$1.7m0.66%	0.66%	Reduced -3.9k	-3,920 -24.0%
52	CANADIAN PACIFIC KANSAS CITY COM CP	CP	18,698	$1.6m0.63%	0.63%	Added +2.3k	+2,318 14.2%
53	PPG INDS INC COM PPG	PPG	12,880	$1.6m0.61%	0.61%	Added +4.9k	+4,900 61.4%
54	CITIZENS FINL GROUP INC COM CFG	CFG	22,232	$1.6m0.61%	0.61%	Reduced -285	-285 -1.3%
55	INGERSOLL RAND INC COM IR	IR	18,984	$1.6m0.61%	0.61%	Reduced -1.3k	-1,275 -6.3%
56	AAR CORP COM AIR	AIR	10,700	$1.5m0.60%	0.60%	Reduced -2.7k	-2,675 -20.0%
57	SCHWAB CHARLES CORP COM SCHW	SCHW	16,325	$1.5m0.59%	0.59%	New
58	ROYAL BK CDA COM RY	RY	7,100	$1.5m0.57%	0.57%	Reduced -1.6k	-1,600 -18.4%
59	CRH PLC ORD CRH	CRH	13,717	$1.5m0.57%	0.57%	Reduced -875	-875 -6.0%
60	WASTE MGMT INC DEL COM WM	WM	6,582	$1.5m0.57%	0.57%	Added +575	+575 9.6%
61	NEWMONT CORP COM NEM	NEM	15,700	$1.5m0.57%	0.57%	New
62	ZOETIS INC CL A ZTS	ZTS	18,461	$1.3m0.52%	0.52%	Reduced -1.9k	-1,930 -9.5%
63	MASCO CORP COM MAS	MAS	16,050	$1.3m0.51%	0.51%	Reduced -600	-600 -3.6%
64	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	2,588	$1.3m0.50%	0.50%	Added +1.2k	+1,175 83.2%
65	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	2,575	$1.3m0.50%	0.50%	Added +975	+975 60.9%
66	PARKER-HANNIFIN CORP COM PH	PH	1,295	$1.3m0.49%	0.49%	Added +495	+495 61.9%
67	TECK RESOURCES LTD CL B TECK	TECK	20,700	$1.2m0.48%	0.48%	New
68	PENTAIR PLC SHS PNR	PNR	15,225	$1.2m0.45%	0.45%	New
69	WELLS FARGO CO NEW COM WFC	WFC	13,927	$1.2m0.45%	0.45%	Reduced -19.2k	-19,223 -58.0%
70	CHENIERE ENERGY INC COM NEW LNG	LNG	4,700	$1.1m0.44%	0.44%	New
71	WASHINGTON TR BANCORP INC COM WASH	WASH	29,700	$1.1m0.42%	0.42%	Unchanged
72	INDEPENDENT BK CORP MASS COM INDB	INDB	12,730	$1.1m0.41%	0.41%	Reduced -262	-262 -2.0%
73	UNITED PARCEL SERVICE INC CL B UPS	UPS	9,890	$1.1m0.41%	0.41%	Reduced -325	-325 -3.2%
74	TRANSDIGM GROUP INC COM TDG	TDG	734	$977.1k0.38%	0.38%	Reduced -17	-17 -2.3%
75	INVITATION HOMES INC COM INVH	INVH	30,788	$930.1k0.36%	0.36%	Reduced -4.5k	-4,525 -12.8%
76	UNITED THERAPEUTICS CORP DEL COM UTHR	UTHR	1,680	$910.3k0.35%	0.35%	Added +550	+550 48.7%
77	MERITAGE HOMES CORP COM MTH	MTH	9,784	$820.4k0.32%	0.32%	Reduced -8.7k	-8,666 -47.0%
78	CLEARWAY ENERGY INC CL C CWEN	CWEN	23,625	$807.5k0.31%	0.31%	Added +1.3k	+1,325 5.9%
79	KEYCORP COM KEY	KEY	33,900	$781.4k0.30%	0.30%	Added +10.0k	+9,975 41.7%
80	KNIGHT-SWIFT TRANSN HLDGS IN CL A KNX	KNX	9,975	$776.8k0.30%	0.30%	New
81	MODINE MFG CO COM MOD	MOD	2,850	$761.0k0.30%	0.30%	Added +1.5k	+1,525 115.1%
82	COLGATE PALMOLIVE CO COM CL	CL	8,288	$759.8k0.30%	0.30%	Unchanged
83	NORWEGIAN CRUISE LINE HLDG L SHS NCLH	NCLH	35,854	$756.9k0.29%	0.29%	Reduced -9.6k	-9,621 -21.2%
84	EATON CORP PLC SHS ETN	ETN	1,770	$754.2k0.29%	0.29%	Reduced -2.8k	-2,765 -61.0%
85	MOHAWK INDS INC COM MHK	MHK	6,025	$731.0k0.28%	0.28%	New
86	AIR PRODS & CHEMS INC COM APD	APD	2,325	$681.6k0.27%	0.27%	New
87	SIMON PPTY GROUP INC NEW COM SPG	SPG	3,010	$673.2k0.26%	0.26%	Unchanged
88	DOVER CORP COM DOV	DOV	2,675	$599.9k0.23%	0.23%	Added +350	+350 15.1%
89	WALMART INC COM WMT	WMT	5,167	$585.2k0.23%	0.23%	Unchanged
90	META PLATFORMS INC CL A META	META	1,026	$577.7k0.22%	0.22%	New
91	PEPSICO INC COM PEP	PEP	4,243	$574.5k0.22%	0.22%	Reduced -125	-125 -2.9%
92	LENNAR CORP CL A LEN	LEN	6,345	$574.2k0.22%	0.22%	Reduced -125	-125 -1.9%
93	DELL TECHNOLOGIES INC CL C DELL	DELL	1,325	$571.7k0.22%	0.22%	New
94	CARRIER GLOBAL CORPORATION COM CARR	CARR	7,700	$564.8k0.22%	0.22%	Reduced -225	-225 -2.8%
95	AES CORP COM AES	AES	37,690	$552.5k0.22%	0.22%	Added +5.1k	+5,100 15.7%
96	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	1,800	$523.1k0.20%	0.20%	Unchanged
97	PFIZER INC COM PFE	PFE	21,427	$516.0k0.20%	0.20%	Reduced -25.5k	-25,483 -54.3%
98	STARBUCKS CORP COM SBUX	SBUX	4,921	$502.9k0.20%	0.20%	Reduced -113	-113 -2.2%
99	PATRICK INDS INC COM PATK	PATK	5,586	$501.5k0.20%	0.20%	Unchanged
100	PRIMORIS SVCS CORP COM PRIM	PRIM	4,900	$485.7k0.19%	0.19%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CAPITAL ONE FINL CORP COF	COF	26,125	$4.8m26.1k shares
UBER TECHNOLOGIES INC UBER	UBER	44,373	$3.2m44.4k shares
PALO ALTO NETWORKS INC PANW	PANW	14,154	$2.3m14.2k shares
CROWDSTRIKE HLDGS INC CRWD	CRWD	5,710	$2.2m5.7k shares
D R HORTON INC DHI	DHI	15,550	$2.1m15.6k shares
DELTA AIR LINES INC DEL DAL	DAL	29,317	$1.9m29.3k shares
FIRST SOLAR INC FSLR	FSLR	7,852	$1.5m7.9k shares
NASDAQ INC NDAQ	NDAQ	15,250	$1.3m15.2k shares
AEROVIRONMENT INC AVAV	AVAV	5,050	$924.4k5.0k shares
CATERPILLAR INC CAT	CAT	1,250	$885.6k1.2k shares
TRANE TECHNOLOGIES PLC TT	TT	2,100	$875.2k2.1k shares
TOLL BROTHERS INC TOL	TOL	6,225	$849.5k6.2k shares
FLOWSERVE CORP FLS	FLS	11,200	$823.3k11.2k shares
APOLLO GLOBAL MGMT INC APO	APO	6,500	$724.2k6.5k shares
ROBINHOOD MKTS INC HOOD	HOOD	9,850	$682.6k9.8k shares
BOEING CO BA	BA	3,058	$608.6k3.1k shares
INTUITIVE SURGICAL INC ISRG	ISRG	1,279	$589.6k1.3k shares
LUMENTUM HLDGS INC LITE	LITE	750	$527.1k750 shares
IQVIA HLDGS INC IQV	IQV	2,880	$491.2k2.9k shares
MEDTRONIC PLC MDT	MDT	5,513	$477.7k5.5k shares
BWX TECHNOLOGIES INC BWXT	BWXT	2,300	$470.3k2.3k shares
TAKE-TWO INTERACTIVE SOFTWAR TTWO	TTWO	2,295	$453.3k2.3k shares
GENERAC HLDGS INC GNRC	GNRC	2,300	$449.3k2.3k shares
VERALTO CORP VLTO	VLTO	4,258	$376.5k4.3k shares
INSULET CORP PODD	PODD	1,500	$314.8k1.5k shares