Boston Research & Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Co	COM	88579Y101	928	5,225	SH		SOLE		0	0	5,225
AMEX Energy Sector SPDR	COM	81369y506	2,869	51,695	SH		SOLE		0	0	51,695
AT&T Corp	COM	00206r102	344	14,023	SH		SOLE		0	0	14,023
AbbVie Inc.	COM	00287y109	7,942	58,663	SH		SOLE		0	0	58,663
Abbott Laboratories	COM	002824100	8,338	59,251	SH		SOLE		0	0	59,251
Accenture PLC	COM	G1151C101	9,060	21,856	SH		SOLE		0	0	21,856
Agilent Technologies, Inc.	COM	00846u101	299	1,879	SH		SOLE		0	0	1,879
Alphabet, Inc. - Class A	COM	02079k305	7,645	2,639	SH		SOLE		0	0	2,639
Alphabet, Inc. - Class C	COM	02079k107	1,860	643	SH		SOLE		0	0	643
Amazon.com, Inc.	COM	023135106	3,044	913	SH		SOLE		0	0	913
Amgen Inc.	COM	031162100	267	1,187	SH		SOLE		0	0	1,187
Apple Inc.	COM	037833100	10,800	60,823	SH		SOLE		0	0	60,823
Automatic Data Processing, Inc	COM	053015103	447	1,815	SH		SOLE		0	0	1,815
Bank of New York Mellon Corp.	COM	064058100	4,060	69,913	SH		SOLE		0	0	69,913
Berkshire Hathaway Inc. Class	COM	084670702	6,065	20,285	SH		SOLE		0	0	20,285
Boeing Co	COM	097023105	261	1,300	SH		SOLE		0	0	1,300
Boston Properties, Inc.	COM	101121101	558	4,850	SH		SOLE		0	0	4,850
Bristol-Myers Squibb Company	COM	110122108	437	7,010	SH		SOLE		0	0	7,010
CH Robinson Worldwide Inc	COM	12541W209	5,337	49,587	SH		SOLE		0	0	49,587
CVS Health Corp	COM	126650100	6,690	64,851	SH		SOLE		0	0	64,851
Caterpillar	COM	149123101	732	3,542	SH		SOLE		0	0	3,542
Chevron Corp	COM	166764100	1,051	8,963	SH		SOLE		0	0	8,963
Cintas Corporation	COM	172908105	2,450	5,530	SH		SOLE		0	0	5,530
Cisco Systems, Inc.	COM	17275r102	8,822	139,228	SH		SOLE		0	0	139,228
Clorox Company	COM	189054109	239	1,375	SH		SOLE		0	0	1,375
Coca-Cola Company	COM	191216100	4,784	80,801	SH		SOLE		0	0	80,801
Colgate-Palmolive Company	COM	194162103	5,337	62,543	SH		SOLE		0	0	62,543
Comcast Corp Cl A Vtg	COM	20030N101	5,291	105,127	SH		SOLE		0	0	105,127
ConocoPhillips	COM	20825C104	2,391	33,139	SH		SOLE		0	0	33,139
D.R. Horton, Inc.	COM	23331a109	3,919	36,145	SH		SOLE		0	0	36,145
Danaher Corp.	COM	235851102	752	2,288	SH		SOLE		0	0	2,288
Duke Energy Corp.	COM	26441c204	4,067	38,779	SH		SOLE		0	0	38,779
Eli Lilly & Co	COM	532457108	1,235	4,473	SH		SOLE		0	0	4,473
Emerson Electric Co	COM	291011104	474	5,100	SH		SOLE		0	0	5,100
Exxon Mobil Corp.	COM	30231g102	2,907	47,515	SH		SOLE		0	0	47,515
Fastenal Co	COM	311900104	9,605	149,950	SH		SOLE		0	0	149,950
General Electric Company	COM	369604301	235	2,497	SH		SOLE		0	0	2,497
General Mills Inc Com	COM	370334104	7,015	104,119	SH		SOLE		0	0	104,119
Genuine Parts	COM	372460105	335	2,390	SH		SOLE		0	0	2,390
HP Inc.	COM	40434l105	334	8,880	SH		SOLE		0	0	8,880
Home Depot, Inc.	COM	437076102	3,880	9,350	SH		SOLE		0	0	9,350
Illinois Tool Works	COM	452308109	636	2,580	SH		SOLE		0	0	2,580
Intel Corp	COM	458140100	4,596	89,250	SH		SOLE		0	0	89,250
Intl Business Machines Corp	COM	459200101	600	4,496	SH		SOLE		0	0	4,496
J.P. Morgan Chase & Co.	COM	46625h100	3,936	24,858	SH		SOLE		0	0	24,858
Johnson & Johnson	COM	478160104	1,637	9,573	SH		SOLE		0	0	9,573
Kimberly-Clark Corp	COM	494368103	440	3,085	SH		SOLE		0	0	3,085
Laboratory CP Amer Hldgs	COM	50540R409	6,819	21,703	SH		SOLE		0	0	21,703
Linde PLC	COM	g5494j103	6,062	17,500	SH		SOLE		0	0	17,500
Lockheed Martin Corp	COM	539830109	3,639	10,241	SH		SOLE		0	0	10,241
Lowe's Companies	COM	548661107	253	980	SH		SOLE		0	0	980
Magna International, Inc. Cl A	COM	559222401	1,686	20,835	SH		SOLE		0	0	20,835
Marsh & McLennan Companies, In	COM	571748102	455	2,620	SH		SOLE		0	0	2,620
Masco Corp	COM	574599106	280	4,000	SH		SOLE		0	0	4,000
Mastercard, Inc.	COM	57636q104	7,830	21,792	SH		SOLE		0	0	21,792
McDonald's Corp	COM	580135101	6,718	25,064	SH		SOLE		0	0	25,064
Medtronic Plc	COM	G5960L103	4,652	44,978	SH		SOLE		0	0	44,978
Merck & Co. Inc.	COM	58933Y105	4,833	63,074	SH		SOLE		0	0	63,074
Microsoft Corp	COM	594918104	17,940	53,345	SH		SOLE		0	0	53,345
Nextera Energy Inc.	COM	65339F101	4,767	51,071	SH		SOLE		0	0	51,071
Nucor Corporation	COM	670346105	220	1,936	SH		SOLE		0	0	1,936
Omnicom Group Inc Com	COM	681919106	3,530	48,185	SH		SOLE		0	0	48,185
Oracle Corp.	COM	68389X105	890	10,211	SH		SOLE		0	0	10,211
PPG Industries	COM	693506107	638	3,700	SH		SOLE		0	0	3,700
Paychex, Inc.	COM	704326107	1,047	7,675	SH		SOLE		0	0	7,675
Pepsi Co Inc	COM	713448108	6,592	37,948	SH		SOLE		0	0	37,948
Pfizer Inc.	COM	717081103	1,407	23,832	SH		SOLE		0	0	23,832
Price T Rowe & Assoc Com	COM	74144t108	278	1,418	SH		SOLE		0	0	1,418
Procter & Gamble Co	COM	742718109	7,462	45,621	SH		SOLE		0	0	45,621
Qualcomm, Inc.	COM	747525103	541	2,960	SH		SOLE		0	0	2,960
SPDR S&P 500 ETF	COM	78462F103	3,395	7,148	SH		SOLE		0	0	7,148
Snap-On Inc.	COM	833034101	3,545	16,462	SH		SOLE		0	0	16,462
Southern Co	COM	842587107	323	4,710	SH		SOLE		0	0	4,710
Stryker Corp	COM	863667101	1,164	4,354	SH		SOLE		0	0	4,354
Sysco Corp	COM	871829107	643	8,190	SH		SOLE		0	0	8,190
Tesla Inc.	COM	88160r101	256	243	SH		SOLE		0	0	243
Thermo Fisher Scientific	COM	883556102	4,177	6,261	SH		SOLE		0	0	6,261
Tractor Supply Co	COM	892356106	9,810	41,116	SH		SOLE		0	0	41,116
US Bancorp	COM	902973304	2,558	45,541	SH		SOLE		0	0	45,541
United Parcel Services	COM	911312106	7,218	33,678	SH		SOLE		0	0	33,678
UnitedHealth Group Inc	COM	91324P102	371	740	SH		SOLE		0	0	740
V F Corp	COM	918204108	228	3,120	SH		SOLE		0	0	3,120
VanEck Vectors Biotech ETF	COM	92189F726	2,526	13,345	SH		SOLE		0	0	13,345
Vanguard Developed Markets ETF	COM	921943858	646	12,663	SH		SOLE		0	0	12,663
Vanguard Emerging Markets ETF	COM	922042858	361	7,304	SH		SOLE		0	0	7,304
Vanguard FTSE All-World Ex-US	COM	922042775	1,261	20,579	SH		SOLE		0	0	20,579
Vanguard Small-Cap ETF	COM	922908751	2,647	11,712	SH		SOLE		0	0	11,712
Vanguard Total Stock Market ET	COM	922908769	2,989	12,380	SH		SOLE		0	0	12,380
Verizon Communications	COM	92343v104	4,235	81,512	SH		SOLE		0	0	81,512
Wal-Mart Stores	COM	931142103	6,854	47,373	SH		SOLE		0	0	47,373
Walt Disney Co.	COM	254687106	4,994	32,248	SH		SOLE		0	0	32,248
Waste Management, Inc.	COM	94106l109	515	3,090	SH		SOLE		0	0	3,090
Western Union Company	COM	959802109	2,416	135,473	SH		SOLE		0	0	135,473
Wisconsin Energy Group Inc.	COM	92939u106	202	2,082	SH		SOLE		0	0	2,082
Xylem Inc.	COM	98419m100	7,542	62,897	SH		SOLE		0	0	62,897
Yum China Holding Inc.	COM	98850p109	215	4,320	SH		SOLE		0	0	4,320
Yum! Brands Inc.	COM	988498101	620	4,468	SH		SOLE		0	0	4,468
iShares Comex Gold Trust	COM	464285204	1,874	53,838	SH		SOLE		0	0	53,838
iShares Core MSCI EAFE ETF	COM	46432f842	4,780	64,046	SH		SOLE		0	0	64,046
iShares Core MSCI Emerging Mkt	COM	46434g103	5,774	96,462	SH		SOLE		0	0	96,462
iShares Core S&P 500 ETF	COM	464287200	14,436	30,265	SH		SOLE		0	0	30,265
iShares Core S&P Midcap ETF	COM	464287507	2,670	9,435	SH		SOLE		0	0	9,435
iShares Core S&P SmallCap ETF	COM	464287804	8,221	71,794	SH		SOLE		0	0	71,794
iShares Core S&P Total US Stoc	COM	464287150	287	2,684	SH		SOLE		0	0	2,684
iShares Nasdaq Biotechnology I	COM	464287556	2,134	13,986	SH		SOLE		0	0	13,986
iShares Russell 1000 Growth In	COM	464287614	232	760	SH		SOLE		0	0	760
iShares Russell 2000 Index Fun	COM	464287655	4,680	21,039	SH		SOLE		0	0	21,039
iShares S&P Global Tech Sector	COM	464287291	231	3,600	SH		SOLE		0	0	3,600
iShares S&P Growth Allocation	COM	464289867	574	10,063	SH		SOLE		0	0	10,063
iShares Core Total US Bond Mar	COM	464287226	468	4,107	SH		SOLE		0	0	4,107
VaneckVectors HY Muni ETF	COM	92189h409	2,339	37,476	SH		SOLE		0	0	37,476
iShares iBoxx High Yield Corp	COM	464288513	2,355	27,067	SH		SOLE		0	0	27,067