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	435	4,354	SH		SOLE		0	0	4,354
AMEX Energy Sector SPDR	COM	81369y506	3,753	46,241	SH		SOLE		0	0	46,241
AbbVie Inc.	COM	00287y109	7,169	53,212	SH		SOLE		0	0	53,212
Abbott Laboratories	COM	002824100	6,529	59,893	SH		SOLE		0	0	59,893
Accenture PLC	COM	G1151C101	5,333	17,283	SH		SOLE		0	0	17,283
Agilent Technologies, Inc.	COM	00846u101	225	1,879	SH		SOLE		0	0	1,879
Alphabet, Inc. - Class A	COM	02079k305	6,521	54,486	SH		SOLE		0	0	54,486
Alphabet, Inc. - Class C	COM	02079k107	1,429	11,820	SH		SOLE		0	0	11,820
Amazon.com, Inc.	COM	023135106	4,470	34,296	SH		SOLE		0	0	34,296
Amgen Inc.	COM	031162100	274	1,237	SH		SOLE		0	0	1,237
Apple Inc.	COM	037833100	11,112	57,290	SH		SOLE		0	0	57,290
Archer Daniels Midland Com	COM	039483102	217	2,880	SH		SOLE		0	0	2,880
Automatic Data Processing, Inc	COM	053015103	398	1,815	SH		SOLE		0	0	1,815
Bank of New York Mellon Corp.	COM	064058100	4,013	90,161	SH		SOLE		0	0	90,161
Berkshire Hathaway Inc. Class	COM	084670702	6,838	20,054	SH		SOLE		0	0	20,054
Boeing Co	COM	097023105	274	1,300	SH		SOLE		0	0	1,300
Boston Properties, Inc.	COM	101121101	279	4,850	SH		SOLE		0	0	4,850
Bristol-Myers Squibb Company	COM	110122108	448	7,010	SH		SOLE		0	0	7,010
CVS Health Corp	COM	126650100	4,420	63,938	SH		SOLE		0	0	63,938
Caterpillar	COM	149123101	871	3,542	SH		SOLE		0	0	3,542
Chevron Corp	COM	166764100	1,385	8,808	SH		SOLE		0	0	8,808
Cintas Corporation	COM	172908105	2,748	5,530	SH		SOLE		0	0	5,530
Cisco Systems, Inc.	COM	17275r102	7,178	138,748	SH		SOLE		0	0	138,748
Clorox Company	COM	189054109	218	1,375	SH		SOLE		0	0	1,375
Coca-Cola Company	COM	191216100	4,641	77,070	SH		SOLE		0	0	77,070
Colgate-Palmolive Company	COM	194162103	4,738	61,506	SH		SOLE		0	0	61,506
Comcast Corp Cl A Vtg	COM	20030N101	5,000	120,356	SH		SOLE		0	0	120,356
ConocoPhillips	COM	20825C104	3,004	29,001	SH		SOLE		0	0	29,001
D.R. Horton, Inc.	COM	23331a109	5,043	41,444	SH		SOLE		0	0	41,444
Danaher Corp.	COM	235851102	498	2,078	SH		SOLE		0	0	2,078
Duke Energy Corp.	COM	26441c204	3,577	39,860	SH		SOLE		0	0	39,860
Eli Lilly & Co	COM	532457108	2,078	4,433	SH		SOLE		0	0	4,433
Emerson Electric Co	COM	291011104	460	5,100	SH		SOLE		0	0	5,100
Exxon Mobil Corp.	COM	30231g102	4,915	45,832	SH		SOLE		0	0	45,832
Fastenal Co	COM	311900104	8,700	147,497	SH		SOLE		0	0	147,497
General Electric Company	COM	369604301	265	2,413	SH		SOLE		0	0	2,413
General Mills Inc Com	COM	370334104	7,489	97,645	SH		SOLE		0	0	97,645
Genuine Parts	COM	372460105	404	2,390	SH		SOLE		0	0	2,390
HP Inc.	COM	40434l105	272	8,880	SH		SOLE		0	0	8,880
Home Depot, Inc.	COM	437076102	2,927	9,425	SH		SOLE		0	0	9,425
Illinois Tool Works	COM	452308109	645	2,580	SH		SOLE		0	0	2,580
Intel Corp	COM	458140100	3,988	119,288	SH		SOLE		0	0	119,288
Intl Business Machines Corp	COM	459200101	615	4,603	SH		SOLE		0	0	4,603
Invesco QQQ Trust Series 1	COM	46090e103	364	985	SH		SOLE		0	0	985
Invesco S&P 500 ETF	COM	46137V357	268	1,797	SH		SOLE		0	0	1,797
J.P. Morgan Chase & Co.	COM	46625h100	5,425	37,302	SH		SOLE		0	0	37,302
Johnson & Johnson	COM	478160104	1,617	9,773	SH		SOLE		0	0	9,773
Kimberly-Clark Corp	COM	494368103	425	3,085	SH		SOLE		0	0	3,085
Laboratory CP Amer Hldgs	COM	50540R409	5,408	22,411	SH		SOLE		0	0	22,411
Linde PLC	COM	g54950103	6,414	16,832	SH		SOLE		0	0	16,832
Lockheed Martin Corp	COM	539830109	4,736	10,289	SH		SOLE		0	0	10,289
Lowe's Companies	COM	548661107	221	980	SH		SOLE		0	0	980
Magna International, Inc. Cl A	COM	559222401	2,909	51,550	SH		SOLE		0	0	51,550
Marsh & McLennan Companies, In	COM	571748102	492	2,620	SH		SOLE		0	0	2,620
Masco Corp	COM	574599106	229	4,000	SH		SOLE		0	0	4,000
Mastercard, Inc.	COM	57636q104	8,579	21,813	SH		SOLE		0	0	21,813
McDonald's Corp	COM	580135101	7,042	23,598	SH		SOLE		0	0	23,598
Medtronic Plc	COM	G5960L103	4,669	53,000	SH		SOLE		0	0	53,000
Merck & Co. Inc.	COM	58933Y105	6,967	60,382	SH		SOLE		0	0	60,382
Microsoft Corp	COM	594918104	16,322	47,930	SH		SOLE		0	0	47,930
Nextera Energy Inc.	COM	65339F101	4,660	62,815	SH		SOLE		0	0	62,815
Nucor Corporation	COM	670346105	317	1,936	SH		SOLE		0	0	1,936
Nvidia	COM	67066G104	228	540	SH		SOLE		0	0	540
Omnicom Group Inc Com	COM	681919106	4,709	49,498	SH		SOLE		0	0	49,498
Oracle Corp.	COM	68389X105	1,228	10,319	SH		SOLE		0	0	10,319
PPG Industries	COM	693506107	548	3,700	SH		SOLE		0	0	3,700
Paychex, Inc.	COM	704326107	858	7,675	SH		SOLE		0	0	7,675
Pepsi Co Inc	COM	713448108	5,365	28,970	SH		SOLE		0	0	28,970
Pfizer Inc.	COM	717081103	881	24,041	SH		SOLE		0	0	24,041
Procter & Gamble Co	COM	742718109	6,289	41,449	SH		SOLE		0	0	41,449
Qorvo Inc.	COM	74736K101	3,082	30,216	SH		SOLE		0	0	30,216
Qualcomm, Inc.	COM	747525103	359	3,020	SH		SOLE		0	0	3,020
SPDR DJIA ETF Trust	COM	78467X109	244	710	SH		SOLE		0	0	710
SPDR S&P 500 ETF	COM	78462F103	3,205	7,230	SH		SOLE		0	0	7,230
Snap-On Inc.	COM	833034101	5,141	17,840	SH		SOLE		0	0	17,840
Southern Co	COM	842587107	330	4,710	SH		SOLE		0	0	4,710
Stryker Corp	COM	863667101	1,328	4,354	SH		SOLE		0	0	4,354
Sysco Corp	COM	871829107	4,157	56,035	SH		SOLE		0	0	56,035
Thermo Fisher Scientific	COM	883556102	4,330	8,300	SH		SOLE		0	0	8,300
Tractor Supply Co	COM	892356106	8,045	36,388	SH		SOLE		0	0	36,388
Tupperware Corporation	COM	899896104	31	39,344	SH		SOLE		0	0	39,344
US Bancorp	COM	902973304	2,495	75,528	SH		SOLE		0	0	75,528
United Parcel Services	COM	911312106	5,932	33,096	SH		SOLE		0	0	33,096
UnitedHealth Group Inc	COM	91324P102	355	740	SH		SOLE		0	0	740
VanEck Vectors Biotech ETF	COM	92189F726	1,985	12,721	SH		SOLE		0	0	12,721
Vanguard Developed Markets ETF	COM	921943858	1,067	23,116	SH		SOLE		0	0	23,116
Vanguard Emerging Markets ETF	COM	922042858	709	17,438	SH		SOLE		0	0	17,438
Vanguard FTSE All-World Ex-US	COM	922042775	1,203	22,118	SH		SOLE		0	0	22,118
Vanguard Small-Cap ETF	COM	922908751	2,236	11,245	SH		SOLE		0	0	11,245
Vanguard Total Stock Market ET	COM	922908769	2,727	12,380	SH		SOLE		0	0	12,380
Verizon Communications	COM	92343v104	3,651	98,176	SH		SOLE		0	0	98,176
Wal-Mart Stores	COM	931142103	7,379	46,949	SH		SOLE		0	0	46,949
Walt Disney Co.	COM	254687106	3,529	39,530	SH		SOLE		0	0	39,530
Waste Management, Inc.	COM	94106l109	535	3,090	SH		SOLE		0	0	3,090
Worthington Industries, Inc.	COM	981811102	243	3,500	SH		SOLE		0	0	3,500
Xylem Inc.	COM	98419m100	7,151	63,500	SH		SOLE		0	0	63,500
Yum China Holding Inc.	COM	98850p109	244	4,320	SH		SOLE		0	0	4,320
Yum! Brands Inc.	COM	988498101	598	4,320	SH		SOLE		0	0	4,320
iShares Comex Gold Trust	COM	464285204	1,919	52,753	SH		SOLE		0	0	52,753
iShares Core MSCI EAFE ETF	COM	46432f842	4,370	64,750	SH		SOLE		0	0	64,750
iShares Core MSCI Emerging Mkt	COM	46434g103	4,836	98,125	SH		SOLE		0	0	98,125
iShares Core S&P 500 ETF	COM	464287200	15,170	34,036	SH		SOLE		0	0	34,036
iShares Core S&P Midcap ETF	COM	464287507	2,608	9,974	SH		SOLE		0	0	9,974
iShares Core S&P SmallCap ETF	COM	464287804	7,264	72,897	SH		SOLE		0	0	72,897
iShares Nasdaq Biotechnology I	COM	464287556	2,067	16,286	SH		SOLE		0	0	16,286
iShares Russell 1000 Growth In	COM	464287614	223	811	SH		SOLE		0	0	811
iShares Russell 2000 Index Fun	COM	464287655	3,943	21,058	SH		SOLE		0	0	21,058
iShares S&P Global Tech Sector	COM	464287291	223	3,600	SH		SOLE		0	0	3,600
iShares S&P Growth Allocation	COM	464289867	453	8,819	SH		SOLE		0	0	8,819
iShares Core Total US Bond Mar	COM	464287226	383	3,917	SH		SOLE		0	0	3,917
iShares US Preferred Stock	COM	464288687	718	23,223	SH		SOLE		0	0	23,223
VaneckVectors HY Muni ETF	COM	92189h409	1,715	33,421	SH		SOLE		0	0	33,421
iShares iBoxx High Yield Corp	COM	464288513	2,016	26,867	SH		SOLE		0	0	26,867