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	751	5,050	SH		SOLE		0	0	5,050
AMEX Energy Sector SPDR	COM	81369y506	3,792	49,615	SH		SOLE		0	0	49,615
AbbVie Inc.	COM	00287y109	9,134	56,346	SH		SOLE		0	0	56,346
Abbott Laboratories	COM	002824100	6,871	58,054	SH		SOLE		0	0	58,054
Accenture PLC	COM	G1151C101	5,069	15,033	SH		SOLE		0	0	15,033
Agilent Technologies, Inc.	COM	00846u101	248	1,879	SH		SOLE		0	0	1,879
Alphabet, Inc. - Class A	COM	02079k305	7,036	2,530	SH		SOLE		0	0	2,530
Alphabet, Inc. - Class C	COM	02079k107	1,645	589	SH		SOLE		0	0	589
Amazon.com, Inc.	COM	023135106	4,071	1,249	SH		SOLE		0	0	1,249
Amgen Inc.	COM	031162100	287	1,187	SH		SOLE		0	0	1,187
Apple Inc.	COM	037833100	10,006	57,309	SH		SOLE		0	0	57,309
Archer Daniels Midland Com	COM	039483102	259	2,880	SH		SOLE		0	0	2,880
Automatic Data Processing, Inc	COM	053015103	412	1,815	SH		SOLE		0	0	1,815
Bank of New York Mellon Corp.	COM	064058100	3,399	68,495	SH		SOLE		0	0	68,495
Berkshire Hathaway Inc. Class	COM	084670702	6,916	19,598	SH		SOLE		0	0	19,598
Boeing Co	COM	097023105	248	1,300	SH		SOLE		0	0	1,300
Boston Properties, Inc.	COM	101121101	624	4,850	SH		SOLE		0	0	4,850
Bristol-Myers Squibb Company	COM	110122108	533	7,302	SH		SOLE		0	0	7,302
CH Robinson Worldwide Inc	COM	12541W209	5,281	49,034	SH		SOLE		0	0	49,034
CVS Health Corp	COM	126650100	6,338	62,627	SH		SOLE		0	0	62,627
Caterpillar	COM	149123101	789	3,542	SH		SOLE		0	0	3,542
Chevron Corp	COM	166764100	1,475	9,063	SH		SOLE		0	0	9,063
Cintas Corporation	COM	172908105	2,352	5,530	SH		SOLE		0	0	5,530
Cisco Systems, Inc.	COM	17275r102	7,613	136,536	SH		SOLE		0	0	136,536
Coca-Cola Company	COM	191216100	4,739	76,448	SH		SOLE		0	0	76,448
Colgate-Palmolive Company	COM	194162103	4,743	62,556	SH		SOLE		0	0	62,556
Comcast Corp Cl A Vtg	COM	20030N101	4,998	106,761	SH		SOLE		0	0	106,761
ConocoPhillips	COM	20825C104	3,263	32,633	SH		SOLE		0	0	32,633
D.R. Horton, Inc.	COM	23331a109	3,116	41,820	SH		SOLE		0	0	41,820
Danaher Corp.	COM	235851102	671	2,288	SH		SOLE		0	0	2,288
Duke Energy Corp.	COM	26441c204	4,207	37,679	SH		SOLE		0	0	37,679
Eli Lilly & Co	COM	532457108	1,280	4,473	SH		SOLE		0	0	4,473
Emerson Electric Co	COM	291011104	500	5,100	SH		SOLE		0	0	5,100
Exxon Mobil Corp.	COM	30231g102	3,858	46,715	SH		SOLE		0	0	46,715
Fastenal Co	COM	311900104	8,593	144,679	SH		SOLE		0	0	144,679
General Dynamics Corporation	COM	369550108	202	840	SH		SOLE		0	0	840
General Electric Company	COM	369604301	209	2,290	SH		SOLE		0	0	2,290
General Mills Inc Com	COM	370334104	6,927	102,301	SH		SOLE		0	0	102,301
Genuine Parts	COM	372460105	301	2,390	SH		SOLE		0	0	2,390
HP Inc.	COM	40434l105	322	8,880	SH		SOLE		0	0	8,880
Home Depot, Inc.	COM	437076102	2,858	9,550	SH		SOLE		0	0	9,550
Illinois Tool Works	COM	452308109	540	2,580	SH		SOLE		0	0	2,580
Intel Corp	COM	458140100	4,545	91,713	SH		SOLE		0	0	91,713
Intl Business Machines Corp	COM	459200101	584	4,496	SH		SOLE		0	0	4,496
Invesco QQQ Trust Series 1	COM	46090e103	424	1,170	SH		SOLE		0	0	1,170
J.P. Morgan Chase & Co.	COM	46625h100	4,490	32,943	SH		SOLE		0	0	32,943
Johnson & Johnson	COM	478160104	1,732	9,773	SH		SOLE		0	0	9,773
Kimberly-Clark Corp	COM	494368103	379	3,085	SH		SOLE		0	0	3,085
Laboratory CP Amer Hldgs	COM	50540R409	5,609	21,276	SH		SOLE		0	0	21,276
Linde PLC	COM	g5494j103	5,441	17,034	SH		SOLE		0	0	17,034
Lockheed Martin Corp	COM	539830109	4,471	10,130	SH		SOLE		0	0	10,130
Magna International, Inc. Cl A	COM	559222401	1,842	28,650	SH		SOLE		0	0	28,650
Marsh & McLennan Companies, In	COM	571748102	446	2,620	SH		SOLE		0	0	2,620
Masco Corp	COM	574599106	204	4,000	SH		SOLE		0	0	4,000
Mastercard, Inc.	COM	57636q104	7,670	21,463	SH		SOLE		0	0	21,463
McDonald's Corp	COM	580135101	6,020	24,345	SH		SOLE		0	0	24,345
Medtronic Plc	COM	G5960L103	5,131	46,255	SH		SOLE		0	0	46,255
Merck & Co. Inc.	COM	58933Y105	5,133	62,564	SH		SOLE		0	0	62,564
Microsoft Corp	COM	594918104	15,429	50,046	SH		SOLE		0	0	50,046
Nextera Energy Inc.	COM	65339F101	4,479	52,881	SH		SOLE		0	0	52,881
Nucor Corporation	COM	670346105	287	1,936	SH		SOLE		0	0	1,936
Omnicom Group Inc Com	COM	681919106	3,967	46,748	SH		SOLE		0	0	46,748
Oracle Corp.	COM	68389X105	844	10,211	SH		SOLE		0	0	10,211
PPG Industries	COM	693506107	484	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	4,859	29,034	SH		SOLE		0	0	29,034
Pfizer Inc.	COM	717081103	1,233	23,832	SH		SOLE		0	0	23,832
Price T Rowe & Assoc Com	COM	74144t108	214	1,418	SH		SOLE		0	0	1,418
Procter & Gamble Co	COM	742718109	5,522	36,145	SH		SOLE		0	0	36,145
Qualcomm, Inc.	COM	747525103	452	2,960	SH		SOLE		0	0	2,960
SPDR DJIA ETF Trust	COM	78467X109	232	670	SH		SOLE		0	0	670
SPDR S&P 500 ETF	COM	78462F103	3,228	7,148	SH		SOLE		0	0	7,148
Snap-On Inc.	COM	833034101	3,547	17,263	SH		SOLE		0	0	17,263
Southern Co	COM	842587107	341	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	668	8,190	SH		SOLE		0	0	8,190
Tesla Inc.	COM	88160r101	261	243	SH		SOLE		0	0	243
Thermo Fisher Scientific	COM	883556102	4,416	7,478	SH		SOLE		0	0	7,478
Tractor Supply Co	COM	892356106	9,145	39,188	SH		SOLE		0	0	39,188
US Bancorp	COM	902973304	2,354	44,291	SH		SOLE		0	0	44,291
United Parcel Services	COM	911312106	6,954	32,428	SH		SOLE		0	0	32,428
UnitedHealth Group Inc	COM	91324P102	377	740	SH		SOLE		0	0	740
VanEck Vectors Biotech ETF	COM	92189F726	2,023	12,481	SH		SOLE		0	0	12,481
Vanguard Developed Markets ETF	COM	921943858	639	13,318	SH		SOLE		0	0	13,318
Vanguard Emerging Markets ETF	COM	922042858	375	8,149	SH		SOLE		0	0	8,149
Vanguard FTSE All-World Ex-US	COM	922042775	1,185	20,579	SH		SOLE		0	0	20,579
Vanguard Small-Cap ETF	COM	922908751	2,378	11,192	SH		SOLE		0	0	11,192
Vanguard Total Stock Market ET	COM	922908769	2,818	12,380	SH		SOLE		0	0	12,380
Verizon Communications	COM	92343v104	4,439	87,158	SH		SOLE		0	0	87,158
Wal-Mart Stores	COM	931142103	6,982	46,885	SH		SOLE		0	0	46,885
Walt Disney Co.	COM	254687106	4,613	33,638	SH		SOLE		0	0	33,638
Waste Management, Inc.	COM	94106l109	489	3,090	SH		SOLE		0	0	3,090
Western Union Company	COM	959802109	2,357	125,814	SH		SOLE		0	0	125,814
Wisconsin Energy Group Inc.	COM	92939u106	207	2,082	SH		SOLE		0	0	2,082
Xylem Inc.	COM	98419m100	5,259	61,690	SH		SOLE		0	0	61,690
Yum! Brands Inc.	COM	988498101	529	4,468	SH		SOLE		0	0	4,468
iShares Comex Gold Trust	COM	464285204	1,982	53,838	SH		SOLE		0	0	53,838
iShares Core MSCI EAFE ETF	COM	46432f842	4,476	64,396	SH		SOLE		0	0	64,396
iShares Core MSCI Emerging Mkt	COM	46434g103	5,335	96,052	SH		SOLE		0	0	96,052
iShares Core S&P 500 ETF	COM	464287200	13,860	30,549	SH		SOLE		0	0	30,549
iShares Core S&P Midcap ETF	COM	464287507	2,574	9,595	SH		SOLE		0	0	9,595
iShares Core S&P SmallCap ETF	COM	464287804	7,668	71,082	SH		SOLE		0	0	71,082
iShares Nasdaq Biotechnology I	COM	464287556	1,904	14,616	SH		SOLE		0	0	14,616
iShares Russell 1000 Growth In	COM	464287614	210	760	SH		SOLE		0	0	760
iShares Russell 2000 Index Fun	COM	464287655	4,318	21,039	SH		SOLE		0	0	21,039
iShares S&P Global Tech Sector	COM	464287291	208	3,600	SH		SOLE		0	0	3,600
iShares S&P Growth Allocation	COM	464289867	489	9,073	SH		SOLE		0	0	9,073
iShares Core Total US Bond Mar	COM	464287226	469	4,381	SH		SOLE		0	0	4,381
VaneckVectors HY Muni ETF	COM	92189h409	2,169	37,796	SH		SOLE		0	0	37,796
iShares iBoxx High Yield Corp	COM	464288513	2,075	25,220	SH		SOLE		0	0	25,220
iShares US Preferred Stock	COM	464288687	339	9,316	SH		SOLE		0	0	9,316