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Portfolio (Quarterly) Guide ↗

New England Research & Management, Inc.

· CIK 0001596077
13F Portfolio $229M AUM 144 positions Filed Jan 7, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 63 New 24 Added 30 Reduced 34 Exited
Page 2 of 2  ·  30 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 DHI D R HORTON INC Consumer Cyclical 4,400.0 $634K 0.28% -4K -48.7% $144.03 -4.6%
22 WMT WALMART INC Consumer Defensive 5,217.0 $581K 0.25% -382.0 -6.8% $111.41 +18.0%
23 SPG SIMON PPTY GROUP INC NEW Real Estate 3,010.0 $557K 0.24% -90.0 -2.9% $185.11 +8.1%
24 NCLH NORWEGIAN CRUISE LINE HLDG L Consumer Cyclical 24,800.0 $554K 0.24% -11K -30.8% $22.32 -30.2%
25 MMM 3M CO Industrials 3,100.0 $496K 0.22% -250.0 -7.5% $160.10 -7.5%
26 MDLZ MONDELEZ INTL INC Consumer Defensive 7,162.0 $386K 0.17% -16K -68.8% $53.83 +13.3%
27 CCL CARNIVAL CORP Consumer Cyclical 11,100.0 $339K 0.15% -10K -48.1% $30.54 -18.7%
28 GIS GENERAL MLS INC Consumer Defensive 7,200.0 $335K 0.15% -200.0 -2.7% $46.50 -29.1%
29 LII LENNOX INTL INC Industrials 635.0 $308K 0.14% -2K -79.1% $485.58 +3.4%
30 UNH UNITEDHEALTH GROUP INC Healthcare 775.0 $256K 0.11% -550.0 -41.5% $330.11 +16.9%
Page 2 of 2  ·  30 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Healthcare 18.3%
Industrials 16.3%
Technology 16.2%
Financial Services 13.9%
Communication Services 9.7%
Consumer Cyclical 8.7%
Consumer Defensive 7.9%
Utilities 4.8%
Energy 2.9%
Real Estate 0.8%