New England 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

OMB APPROVAL

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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 Corp.	CS	88579Y101	1,040	5,895	SH		SOLE		5,895	0	0
A T & T	CS	00206R102	488	12,495	SH		SOLE		12,495	0	0
AMN Healthcare Services	CS	001744101	546	8,755	SH		SOLE		8,755	0	0
AbbVie Inc.	CS	00287y109	919	10,380	SH		SOLE		10,380	0	0
Abbott Labs	CS	002824100	2,185	25,153	SH		SOLE		25,153	0	0
Activision Blizzard	CS	00507v109	1,181	19,875	SH		SOLE		19,875	0	0
Acuity Brands	CS	00508Y102	794	5,750	SH		SOLE		5,750	0	0
Advanced Micro Devices	CS	007903107	360	7,850	SH		SOLE		7,850	0	0
Allstate	CS	020002101	225	2,000	SH		SOLE		2,000	0	0
Ally Financial	CS	02005n100	652	21,350	SH		SOLE		21,350	0	0
Alphabet Inc Class A	CS	02079k305	1,270	948	SH		SOLE		948	0	0
Alphabet Inc Class C	CS	02079k107	944	706	SH		SOLE		706	0	0
Amazon, Inc.	CS	023135106	543	294	SH		SOLE		294	0	0
American Airlines Group Inc.	CS	02376r102	224	7,812	SH		SOLE		7,812	0	0
American Woodmark Corporation	CS	030506109	209	2,000	SH		SOLE		2,000	0	0
Amgen	CS	031162100	230	954	SH		SOLE		954	0	0
Analog Devices	CS	032654105	891	7,500	SH		SOLE		7,500	0	0
Apple Computer	CS	037833100	3,247	11,059	SH		SOLE		11,059	0	0
Astrazeneca	CS	046353108	295	5,907	SH		SOLE		5,907	0	0
Ball	CS	058498106	498	7,697	SH		SOLE		7,697	0	0
Berkshire Hathaway B	CS	084670702	1,560	6,886	SH		SOLE		6,886	0	0
Biogen Idec	CS	09062X103	341	1,150	SH		SOLE		1,150	0	0
Blackstone Mortgage Trust	CS	09257w100	1,146	30,800	SH		SOLE		30,800	0	0
Boeing	CS	097023105	951	2,920	SH		SOLE		2,920	0	0
Bristol Myers Squibb	CS	110122108	1,992	31,037	SH		SOLE		31,037	0	0
Brooks Automation	CS	114340102	314	7,475	SH		SOLE		7,475	0	0
C.V.S. Caremark	CS	126650100	1,774	23,884	SH		SOLE		23,884	0	0
CME Group	CS	12572q105	704	3,505	SH		SOLE		3,505	0	0
CSX Corp	CS	126408103	2,183	30,175	SH		SOLE		30,175	0	0
Cabot Oil & Gas	CS	127097103	183	10,500	SH		SOLE		10,500	0	0
Canadian Pacific	CS	13645T100	218	855	SH		SOLE		855	0	0
Carnival Corp.-Cl A	CS	143658300	1,000	19,668	SH		SOLE		19,668	0	0
Century Bancorp	CS	156432106	472	5,249	SH		SOLE		5,249	0	0
Charles River Laboratories	CS	159864107	687	4,500	SH		SOLE		4,500	0	0
Chegg, Inc.	CS	163092109	418	11,025	SH		SOLE		11,025	0	0
Cheniere Energy, Inc.	CS	16411r208	405	6,625	SH		SOLE		6,625	0	0
Church and Dwight	CS	171340102	5,393	76,675	SH		SOLE		76,675	0	0
Ciena Corporation	CS	171779309	1,276	29,880	SH		SOLE		29,880	0	0
Cisco Systems	CS	17275R102	4,247	88,550	SH		SOLE		88,550	0	0
Citizens Financial Group	CS	174610105	660	16,245	SH		SOLE		16,245	0	0
Clorox Company	CS	189054109	1,301	8,475	SH		SOLE		8,475	0	0
Coca-Cola	CS	191216100	2,287	41,325	SH		SOLE		41,325	0	0
Colgate-Palmolive	CS	194162103	619	8,988	SH		SOLE		8,988	0	0
Comcast Corp Cl A	CS	20030n101	299	6,646	SH		SOLE		6,646	0	0
ConAgra Foods	CS	205887102	1,055	30,800	SH		SOLE		30,800	0	0
Darden Restaurants	CS	237194105	959	8,798	SH		SOLE		8,798	0	0
Delta Airlines	CS	247361702	1,529	26,140	SH		SOLE		26,140	0	0
Digital Realty Trust	CS	253868103	942	7,868	SH		SOLE		7,868	0	0
Elanco Animal Health	CS	28414h103	1,034	35,100	SH		SOLE		35,100	0	0
Electronic Arts	CS	285512109	548	5,100	SH		SOLE		5,100	0	0
Eli Lilly	CS	532457108	1,653	12,575	SH		SOLE		12,575	0	0
Emerson Electric	CS	291011104	603	7,908	SH		SOLE		7,908	0	0
Estee Lauder	CS	518439104	903	4,370	SH		SOLE		4,370	0	0
Exxon Mobil	CS	30231G102	1,747	25,036	SH		SOLE		25,036	0	0
Facebook Inc	CS	30303m102	1,078	5,250	SH		SOLE		5,250	0	0
FedEx	CS	31428X106	510	3,375	SH		SOLE		3,375	0	0
Fifth Third Bank	CS	316773100	1,107	36,000	SH		SOLE		36,000	0	0
First Horizon Nat'l	CS	320517105	190	11,450	SH		SOLE		11,450	0	0
Foot Locker, Inc.	CS	344849104	726	18,625	SH		SOLE		18,625	0	0
Fortive	CS	34959j108	637	8,339	SH		SOLE		8,339	0	0
Fortune Brands & Home Security	CS	34964c106	493	7,550	SH		SOLE		7,550	0	0
Fox Corp	CS	35137l204	746	20,500	SH		SOLE		20,500	0	0
Franklin Resources	CS	354613101	326	12,550	SH		SOLE		12,550	0	0
Freeport McMoran	CS	35671D857	230	17,500	SH		SOLE		17,500	0	0
General Electric	CS	369604103	334	29,888	SH		SOLE		29,888	0	0
General Mills	CS	370334104	724	13,525	SH		SOLE		13,525	0	0
Gilead Sciences	CS	375558103	1,334	20,530	SH		SOLE		20,530	0	0
GlaxoSmithKline	CS	37733W105	531	11,300	SH		SOLE		11,300	0	0
HSBC Holdings Pfd A	CS	404280604	261	9,700	SH		SOLE		9,700	0	0
Heico Corp	CS	422806109	408	3,575	SH		SOLE		3,575	0	0
Hilton Hotels	CS	432848109	482	4,350	SH		SOLE		4,350	0	0
Home Depot	CS	437076102	1,343	6,149	SH		SOLE		6,149	0	0
Honeywell Int'l.	CS	438516106	1,321	7,462	SH		SOLE		7,462	0	0
Huntington Bankshares	CS	446150104	193	12,800	SH		SOLE		12,800	0	0
Hyatt Hotels Corp	CS	448579102	303	3,375	SH		SOLE		3,375	0	0
Independent Bank	CS	453836108	1,335	16,033	SH		SOLE		16,033	0	0
Int'l Bus. Mach.	CS	459200101	1,265	9,440	SH		SOLE		9,440	0	0
Int'l Flvrs & Frag.	CS	459506101	1,077	8,350	SH		SOLE		8,350	0	0
Intel	CS	458140100	3,496	58,412	SH		SOLE		58,412	0	0
Ionis Pharmaceuticals Inc	CS	462222100	577	9,550	SH		SOLE		9,550	0	0
Iridium Communications	CS	46269c102	277	11,250	SH		SOLE		11,250	0	0
J.P. Morgan Chase	CS	46625H100	371	2,658	SH		SOLE		2,658	0	0
Janus Henderson Group	CS	g4474y214	233	9,550	SH		SOLE		9,550	0	0
Johnson & Johnson	CS	478160104	4,830	33,114	SH		SOLE		33,114	0	0
Juniper	CS	48203R104	511	20,750	SH		SOLE		20,750	0	0
Kansas City So.	CS	485170302	568	3,707	SH		SOLE		3,707	0	0
Kellogg	CS	487836108	1,850	26,743	SH		SOLE		26,743	0	0
Kimberly Clark	CS	494368103	2,859	20,788	SH		SOLE		20,788	0	0
Knight Swift Transportation	CS	499049104	650	18,150	SH		SOLE		18,150	0	0
L3Harris Technologies	CS	502431109	1,613	8,150	SH		SOLE		8,150	0	0
MSCI Inc.	CS	55354G100	316	1,225	SH		SOLE		1,225	0	0
Marvell Technologies	CS	G5876H105	740	27,846	SH		SOLE		27,846	0	0
Masco Corp	CS	574599106	286	5,950	SH		SOLE		5,950	0	0
McDonald's	CS	580135101	1,070	5,417	SH		SOLE		5,417	0	0
Medtronic PLC	CS	g5960l103	823	7,250	SH		SOLE		7,250	0	0
Merck	CS	58933y105	2,103	23,120	SH		SOLE		23,120	0	0
MetLife	CS	59156R108	1,045	20,500	SH		SOLE		20,500	0	0
Microsoft	CS	594918104	2,324	14,734	SH		SOLE		14,734	0	0
Mohawk Industries	CS	608190104	358	2,625	SH		SOLE		2,625	0	0
Morgan Stanley	CS	617446448	533	10,425	SH		SOLE		10,425	0	0
Nike Inc Class B	CS	654106103	1,513	14,935	SH		SOLE		14,935	0	0
Oracle	CS	68389X105	932	17,594	SH		SOLE		17,594	0	0
Oshkosh Corp	CS	688239201	866	9,150	SH		SOLE		9,150	0	0
PNC Financial	CS	693475105	287	1,800	SH		SOLE		1,800	0	0
PPG Industries	CS	693506107	319	2,390	SH		SOLE		2,390	0	0
PRA Health Sciences, Inc.	CS	69354m108	708	6,371	SH		SOLE		6,371	0	0
Packaging Corp of America	CS	695156109	1,344	12,000	SH		SOLE		12,000	0	0
Parker Hannifin	CS	701094104	640	3,110	SH		SOLE		3,110	0	0
PayPal	CS	70450y103	398	3,675	SH		SOLE		3,675	0	0
Pepsico	CS	713448108	812	5,938	SH		SOLE		5,938	0	0
Pfizer	CS	717081103	2,159	55,109	SH		SOLE		55,109	0	0
Procter & Gamble	CS	742718109	1,689	13,526	SH		SOLE		13,526	0	0
Prosperity Bancshares, Inc.	CS	743606105	1,078	15,000	SH		SOLE		15,000	0	0
Quaker Chemical	CS	747316107	317	1,925	SH		SOLE		1,925	0	0
Raytheon	CS	755111507	242	1,100	SH		SOLE		1,100	0	0
Restaurant Brands Int'l	CS	76131d103	1,319	20,687	SH		SOLE		20,687	0	0
Roche Holdings Ltd	CS	771195104	775	19,057	SH		SOLE		19,057	0	0
Ryder System, Inc.	CS	783549108	421	7,750	SH		SOLE		7,750	0	0
Salesforce.com	CS	79466l302	690	4,245	SH		SOLE		4,245	0	0
Schlumberger	CS	806857108	343	8,524	SH		SOLE		8,524	0	0
Sherwin-Williams	CS	824348106	263	450	SH		SOLE		450	0	0
Starbucks	CS	855244109	916	10,420	SH		SOLE		10,420	0	0
Sysco Corp	CS	871829107	993	11,604	SH		SOLE		11,604	0	0
T-Mobile US, Inc.	CS	872590104	280	3,575	SH		SOLE		3,575	0	0
Terex	CS	880779103	518	17,400	SH		SOLE		17,400	0	0
The FRS Company	CS	aci076053	0	114,324	SH		SOLE		114,324	0	0
Thermo Fisher Scientific Inc.	CS	883556102	536	1,650	SH		SOLE		1,650	0	0
Trinity Industries	CS	896522109	785	35,448	SH		SOLE	��	35,448	0	0
Truist Financial Corp	CS	89832q109	1,709	30,339	SH		SOLE		30,339	0	0
Tyson Foods	CS	902494103	1,284	14,100	SH		SOLE		14,100	0	0
UPS	CS	911312106	2,359	20,150	SH		SOLE		20,150	0	0
Union Pacific	CS	907818108	714	3,949	SH		SOLE		3,949	0	0
United Airlines Holdings, Inc.	CS	910047109	986	11,190	SH		SOLE		11,190	0	0
United Healthcare	CS	91324P102	382	1,300	SH		SOLE		1,300	0	0
United Rentals, Inc.	CS	911363109	1,320	7,914	SH		SOLE		7,914	0	0
United Technologies	CS	913017109	1,013	6,765	SH		SOLE		6,765	0	0
Veeva Systems Inc	CS	922475108	513	3,650	SH		SOLE		3,650	0	0
Verizon Comm.	CS	92343V104	1,496	24,370	SH		SOLE		24,370	0	0
ViacomCBS Cl B	CS	92556h206	365	8,700	SH		SOLE		8,700	0	0
Virtu Financial, Inc.	CS	928254101	511	31,968	SH		SOLE		31,968	0	0
Visa	CS	92826c839	528	2,812	SH		SOLE		2,812	0	0
Walmart Inc.	CS	931142103	328	2,762	SH		SOLE		2,762	0	0
Walt Disney	CS	254687106	3,175	21,955	SH		SOLE		21,955	0	0
Washington Trust	CS	940610108	3,822	71,048	SH		SOLE		71,048	0	0
Waste Management Inc.	CS	94106l109	513	4,500	SH		SOLE		4,500	0	0
Wells Fargo	CS	949746101	554	10,290	SH		SOLE		10,290	0	0
Westlake Chemical	CS	960413102	379	5,400	SH		SOLE		5,400	0	0
Weyerhaeuser	CS	962166104	482	15,950	SH		SOLE		15,950	0	0
Xylem Inc	CS	98419m100	205	2,600	SH		SOLE		2,600	0	0
Zoetis Inc	CS	98978v103	2,313	17,473	SH		SOLE		17,473	0	0
eBay	CS	278642103	628	17,379	SH		SOLE		17,379	0	0