# EDGAR Filing Document

**Accession Number:** 0001596077
**File Stem:** 0001951757-26-000024
**Filing Date:** 2026-1
**Character Count:** 17220
**Document Hash:** b10621e428bdacdecd53f9e65ff4da9b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-26-000024.hdr.sgml**: 20260107

**ACCESSION NUMBER**: 0001951757-26-000024

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260107

**DATE AS OF CHANGE**: 20260107

**EFFECTIVENESS DATE**: 20260107

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New England Research & Management, Inc.
- **CENTRAL INDEX KEY:** 0001596077

**ORGANIZATION NAME:**
- **EIN:** 042650557
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15671
- **FILM NUMBER:** 26516297

**BUSINESS ADDRESS:**
- **STREET 1:** 53 W. JACKSON BLVD.
- **STREET 2:** SUITE 603
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60604
- **BUSINESS PHONE:** 3122121704

**MAIL ADDRESS:**
- **STREET 1:** 53 W. JACKSON BLVD.
- **STREET 2:** SUITE 603
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60604

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** New England Research  Management Inc.<br>**Address:** 53 W. JACKSON BLVD.<br>SUITE 603<br>CHICAGO, IL 60604

**Form 13F File Number:** 028-15671

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Marguerite Collins<br>**Title:** Chief Compliance Officer<br>**Phone:** (312) 212-1704

**Signature, Place, and Date of Signing:**

Marguerite Collins  Chicago, IL  01-07-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 144

**Form 13F Information Table Value Total:** $228615082

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 496310 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| AAR CORP | COM | 000361105 |  | 743040 | 8975 | SH |  | SOLE |  | 8975 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 466624 | 32540 | SH |  | SOLE |  | 32540 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 4931043 | 21581 | SH |  | SOLE |  | 21581 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 2953586 | 23574 | SH |  | SOLE |  | 23574 | 0 | 0 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 224487 | 1550 | SH |  | SOLE |  | 1550 | 0 | 0 |
| ALLIANCEBERNSTEIN HLDG L P | UNIT LTD PARTN | 01881G106 |  | 380952 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 416300 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 12366317 | 39509 | SH |  | SOLE |  | 39509 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 3173459 | 10113 | SH |  | SOLE |  | 10113 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 5916840 | 25634 | SH |  | SOLE |  | 25634 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 2675250 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 2125878 | 6495 | SH |  | SOLE |  | 6495 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 10150709 | 37338 | SH |  | SOLE |  | 37338 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 615655 | 6697 | SH |  | SOLE |  | 6697 | 0 | 0 |
| BARCLAYS PLC | ADR | 06738E204 |  | 230323 | 9050 | SH |  | SOLE |  | 9050 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3955856 | 7870 | SH |  | SOLE |  | 7870 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 1204133 | 1125 | SH |  | SOLE |  | 1125 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 806673 | 14955 | SH |  | SOLE |  | 14955 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 3722306 | 10755 | SH |  | SOLE |  | 10755 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 200714 | 735 | SH |  | SOLE |  | 735 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 1109722 | 8892 | SH |  | SOLE |  | 8892 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 4261550 | 117560 | SH |  | SOLE |  | 117560 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 409585 | 12100 | SH |  | SOLE |  | 12100 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 1301778 | 17680 | SH |  | SOLE |  | 17680 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 3623767 | 14952 | SH |  | SOLE |  | 14952 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 338994 | 11100 | SH |  | SOLE |  | 11100 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 437251 | 8275 | SH |  | SOLE |  | 8275 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 762490 | 1331 | SH |  | SOLE |  | 1331 | 0 | 0 |
| CENTRUS ENERGY CORP | CL A | 15643U104 |  | 381133 | 1570 | SH |  | SOLE |  | 1570 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 1896129 | 6075 | SH |  | SOLE |  | 6075 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 4431473 | 52850 | SH |  | SOLE |  | 52850 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 667465 | 8665 | SH |  | SOLE |  | 8665 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 1354353 | 23187 | SH |  | SOLE |  | 23187 | 0 | 0 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 748350 | 22500 | SH |  | SOLE |  | 22500 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1598003 | 22858 | SH |  | SOLE |  | 22858 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 654918 | 8288 | SH |  | SOLE |  | 8288 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 |  | 106017 | 10030 | SH |  | SOLE |  | 10030 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1047743 | 1215 | SH |  | SOLE |  | 1215 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 269537 | 575 | SH |  | SOLE |  | 575 | 0 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 227934 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 633732 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 479587 | 2095 | SH |  | SOLE |  | 2095 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 292776 | 1591 | SH |  | SOLE |  | 1591 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 1792028 | 14236 | SH |  | SOLE |  | 14236 | 0 | 0 |
| DYNATRACE INC | COM NEW | 268150109 |  | 239454 | 5525 | SH |  | SOLE |  | 5525 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 598331 | 978 | SH |  | SOLE |  | 978 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 1099980 | 10475 | SH |  | SOLE |  | 10475 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 1230388 | 22955 | SH |  | SOLE |  | 22955 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 2743645 | 8614 | SH |  | SOLE |  | 8614 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 2553440 | 2376 | SH |  | SOLE |  | 2376 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 624846 | 4708 | SH |  | SOLE |  | 4708 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 395842 | 3780 | SH |  | SOLE |  | 3780 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 427645 | 3875 | SH |  | SOLE |  | 3875 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2388990 | 19852 | SH |  | SOLE |  | 19852 | 0 | 0 |
| FIRST AMERN FINL CORP | COM | 31847R102 |  | 248832 | 4050 | SH |  | SOLE |  | 4050 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 274292 | 1050 | SH |  | SOLE |  | 1050 | 0 | 0 |
| FORTINET INC | COM | 34959E109 |  | 523709 | 6595 | SH |  | SOLE |  | 6595 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1300503 | 4222 | SH |  | SOLE |  | 4222 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 4384148 | 6708 | SH |  | SOLE |  | 6708 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 334800 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1436058 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 3736629 | 4251 | SH |  | SOLE |  | 4251 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 259322 | 1425 | SH |  | SOLE |  | 1425 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 266883 | 1368 | SH |  | SOLE |  | 1368 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 |  | 2149090 | 13405 | SH |  | SOLE |  | 13405 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 1145083 | 5080 | SH |  | SOLE |  | 5080 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 811836 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 1718598 | 17400 | SH |  | SOLE |  | 17400 | 0 | 0 |
| INDEPENDENT BK CORP MASS | COM | 453836108 |  | 985995 | 13492 | SH |  | SOLE |  | 13492 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 1238525 | 15634 | SH |  | SOLE |  | 15634 | 0 | 0 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 |  | 603082 | 2325 | SH |  | SOLE |  | 2325 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 1023264 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2744386 | 9265 | SH |  | SOLE |  | 9265 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 380892 | 575 | SH |  | SOLE |  | 575 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 1208170 | 43475 | SH |  | SOLE |  | 43475 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 350898 | 1089 | SH |  | SOLE |  | 1089 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 1492559 | 11268 | SH |  | SOLE |  | 11268 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 6049769 | 29233 | SH |  | SOLE |  | 29233 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 214656 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 2252268 | 22324 | SH |  | SOLE |  | 22324 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 528426 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 693386 | 6745 | SH |  | SOLE |  | 6745 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 |  | 308343 | 635 | SH |  | SOLE |  | 635 | 0 | 0 |
| LIFE TIME GROUP HOLDINGS INC | COMMON STOCK | 53190C102 |  | 200679 | 7550 | SH |  | SOLE |  | 7550 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 934780 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 973350 | 1705 | SH |  | SOLE |  | 1705 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 2386665 | 7809 | SH |  | SOLE |  | 7809 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 558397 | 5813 | SH |  | SOLE |  | 5813 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 3077592 | 29238 | SH |  | SOLE |  | 29238 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2879973 | 4363 | SH |  | SOLE |  | 4363 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 7232537 | 14955 | SH |  | SOLE |  | 14955 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 460610 | 3450 | SH |  | SOLE |  | 3450 | 0 | 0 |
| MOELIS  CO | CL A | 60786M105 |  | 412440 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| MOHAWK INDS INC | COM | 608190104 |  | 565628 | 5175 | SH |  | SOLE |  | 5175 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 385530 | 7162 | SH |  | SOLE |  | 7162 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2640759 | 14875 | SH |  | SOLE |  | 14875 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 2616373 | 27905 | SH |  | SOLE |  | 27905 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2198147 | 27381 | SH |  | SOLE |  | 27381 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 1091034 | 17125 | SH |  | SOLE |  | 17125 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 553536 | 24800 | SH |  | SOLE |  | 24800 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 311686 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1641351 | 8801 | SH |  | SOLE |  | 8801 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2330867 | 12654 | SH |  | SOLE |  | 12654 | 0 | 0 |
| PATRICK INDS INC | COM | 703343103 |  | 605690 | 5586 | SH |  | SOLE |  | 5586 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 652442 | 4546 | SH |  | SOLE |  | 4546 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1388748 | 55773 | SH |  | SOLE |  | 55773 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 1919637 | 13395 | SH |  | SOLE |  | 13395 | 0 | 0 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 1287174 | 18625 | SH |  | SOLE |  | 18625 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 5283347 | 12518 | SH |  | SOLE |  | 12518 | 0 | 0 |
| RBC BEARINGS INC | COM | 75524B104 |  | 257847 | 575 | SH |  | SOLE |  | 575 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 385935 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 378608 | 5549 | SH |  | SOLE |  | 5549 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 571155 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 936999 | 2105 | SH |  | SOLE |  | 2105 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 1074087 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 760057 | 2725 | SH |  | SOLE |  | 2725 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 510347 | 1575 | SH |  | SOLE |  | 1575 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 557181 | 3010 | SH |  | SOLE |  | 3010 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 912331 | 10834 | SH |  | SOLE |  | 10834 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 1511321 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 609063 | 13730 | SH |  | SOLE |  | 13730 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 2687769 | 36474 | SH |  | SOLE |  | 36474 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1270734 | 2193 | SH |  | SOLE |  | 2193 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 |  | 1061477 | 7850 | SH |  | SOLE |  | 7850 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 223790 | 575 | SH |  | SOLE |  | 575 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 1033293 | 777 | SH |  | SOLE |  | 777 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 228277 | 787 | SH |  | SOLE |  | 787 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 2157465 | 43842 | SH |  | SOLE |  | 43842 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1052406 | 10610 | SH |  | SOLE |  | 10610 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 3130228 | 38309 | SH |  | SOLE |  | 38309 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 1755256 | 7588 | SH |  | SOLE |  | 7588 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 7134965 | 8816 | SH |  | SOLE |  | 8816 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 2163390 | 4440 | SH |  | SOLE |  | 4440 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 255835 | 775 | SH |  | SOLE |  | 775 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 1878480 | 8415 | SH |  | SOLE |  | 8415 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 1365582 | 8429 | SH |  | SOLE |  | 8429 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 3271774 | 9329 | SH |  | SOLE |  | 9329 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 581226 | 5217 | SH |  | SOLE |  | 5217 | 0 | 0 |
| WASHINGTON TR BANCORP INC | COM | 940610108 |  | 877635 | 29700 | SH |  | SOLE |  | 29700 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1298486 | 5910 | SH |  | SOLE |  | 5910 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1687386 | 18105 | SH |  | SOLE |  | 18105 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 373678 | 2744 | SH |  | SOLE |  | 2744 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 2522314 | 20047 | SH |  | SOLE |  | 20047 | 0 | 0 |

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