# EDGAR Filing Document

**Accession Number:** 0001596077
**File Stem:** 0001951757-26-000789
**Filing Date:** 2026-5
**Character Count:** 17084
**Document Hash:** 2d0320404190e31357c3543f374da647
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-26-000789.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0001951757-26-000789

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**EFFECTIVENESS DATE**: 20260507

**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:** 26951323

**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:** 03-31-2026

**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  05-07-2026<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:** 143

**Form 13F Information Table Value Total:** $236625302

      (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 |  | 408096 | 2810 | SH |  | SOLE |  | 2810 | 0 | 0 |
| AAR CORP | COM | 000361105 |  | 1464028 | 13375 | SH |  | SOLE |  | 13375 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 459193 | 32590 | SH |  | SOLE |  | 32590 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 5548170 | 25510 | SH |  | SOLE |  | 25510 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 2245804 | 21874 | SH |  | SOLE |  | 21874 | 0 | 0 |
| AEROVIRONMENT INC | COM | 008073108 |  | 924403 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 414680 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 11890606 | 41350 | SH |  | SOLE |  | 41350 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2831308 | 9870 | SH |  | SOLE |  | 9870 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 4055433 | 19472 | SH |  | SOLE |  | 19472 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 3102308 | 22796 | SH |  | SOLE |  | 22796 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 3451649 | 9810 | SH |  | SOLE |  | 9810 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 724230 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 9606205 | 37851 | SH |  | SOLE |  | 37851 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 649401 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| ASTRAZENECA PLC | ORD | G0593M107 |  | 650432 | 3298 | SH |  | SOLE |  | 3298 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 470327 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 201671 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4553358 | 9502 | SH |  | SOLE |  | 9502 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 608634 | 3058 | SH |  | SOLE |  | 3058 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 3519438 | 11371 | SH |  | SOLE |  | 11371 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 217082 | 735 | SH |  | SOLE |  | 735 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 1533911 | 14592 | SH |  | SOLE |  | 14592 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 5191717 | 126473 | SH |  | SOLE |  | 126473 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 1288451 | 16380 | SH |  | SOLE |  | 16380 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 4765984 | 26125 | SH |  | SOLE |  | 26125 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 446257 | 7925 | SH |  | SOLE |  | 7925 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 885575 | 1250 | SH |  | SOLE |  | 1250 | 0 | 0 |
| CHUBB LTD SWITZ | COM | H1467J104 |  | 2105508 | 6460 | SH |  | SOLE |  | 6460 | 0 | 0 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 4810646 | 51550 | SH |  | SOLE |  | 51550 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 672317 | 8665 | SH |  | SOLE |  | 8665 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1726894 | 15227 | SH |  | SOLE |  | 15227 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 1350344 | 22517 | SH |  | SOLE |  | 22517 | 0 | 0 |
| CLEARWAY ENERGY INC | CL C | 18539C204 |  | 876167 | 22300 | SH |  | SOLE |  | 22300 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 2533073 | 33308 | SH |  | SOLE |  | 33308 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 706386 | 8288 | SH |  | SOLE |  | 8288 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 |  | 78926 | 10797 | SH |  | SOLE |  | 10797 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 2229241 | 5710 | SH |  | SOLE |  | 5710 | 0 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 246744 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 2133771 | 15550 | SH |  | SOLE |  | 15550 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 311900 | 1591 | SH |  | SOLE |  | 1591 | 0 | 0 |
| DELTA AIR LINES INC | COM NEW | 247361702 |  | 1948994 | 29317 | SH |  | SOLE |  | 29317 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 484646 | 2325 | SH |  | SOLE |  | 2325 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 1622033 | 4535 | SH |  | SOLE |  | 4535 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 2900035 | 3153 | SH |  | SOLE |  | 3153 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 590638 | 4508 | SH |  | SOLE |  | 4508 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2766985 | 16309 | SH |  | SOLE |  | 16309 | 0 | 0 |
| FIRST AMERN FINL CORP | COM | 31847R102 |  | 238146 | 3950 | SH |  | SOLE |  | 3950 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 1548886 | 7852 | SH |  | SOLE |  | 7852 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 823312 | 11200 | SH |  | SOLE |  | 11200 | 0 | 0 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 1006608 | 17125 | SH |  | SOLE |  | 17125 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1708012 | 6019 | SH |  | SOLE |  | 6019 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 4643828 | 5320 | SH |  | SOLE |  | 5320 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 449259 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| GENERAL MILLS INC | COM | 370334104 |  | 267984 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1542826 | 11070 | SH |  | SOLE |  | 11070 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2557428 | 3023 | SH |  | SOLE |  | 3023 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 1094688 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 309209 | 1368 | SH |  | SOLE |  | 1368 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 303055 | 1315 | SH |  | SOLE |  | 1315 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 491155 | 2880 | SH |  | SOLE |  | 2880 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 2135182 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 1538862 | 16350 | SH |  | SOLE |  | 16350 | 0 | 0 |
| INDEPENDENT BK CORP MASS | COM | 453836108 |  | 977128 | 12992 | SH |  | SOLE |  | 12992 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 1623151 | 20259 | SH |  | SOLE |  | 20259 | 0 | 0 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 |  | 616474 | 2325 | SH |  | SOLE |  | 2325 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 314760 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 2427536 | 10015 | SH |  | SOLE |  | 10015 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 259860 | 601 | SH |  | SOLE |  | 601 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 589606 | 1279 | SH |  | SOLE |  | 1279 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 877528 | 35313 | SH |  | SOLE |  | 35313 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2052060 | 6976 | SH |  | SOLE |  | 6976 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 203648 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 7043050 | 28813 | SH |  | SOLE |  | 28813 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 479696 | 23925 | SH |  | SOLE |  | 23925 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 2093110 | 21697 | SH |  | SOLE |  | 21697 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 621270 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 561855 | 6470 | SH |  | SOLE |  | 6470 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 |  | 271516 | 585 | SH |  | SOLE |  | 585 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 527070 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 1005161 | 16650 | SH |  | SOLE |  | 16650 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 432706 | 866 | SH |  | SOLE |  | 866 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 2398988 | 7719 | SH |  | SOLE |  | 7719 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 477701 | 5513 | SH |  | SOLE |  | 5513 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 3191173 | 26529 | SH |  | SOLE |  | 26529 | 0 | 0 |
| MERITAGE HOMES CORP | COM | 59001A102 |  | 1140948 | 18450 | SH |  | SOLE |  | 18450 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 5555511 | 15008 | SH |  | SOLE |  | 15008 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 230441 | 3075 | SH |  | SOLE |  | 3075 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 287141 | 1325 | SH |  | SOLE |  | 1325 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 392874 | 6816 | SH |  | SOLE |  | 6816 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2295752 | 13950 | SH |  | SOLE |  | 13950 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 1294573 | 15250 | SH |  | SOLE |  | 15250 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 884956 | 4425 | SH |  | SOLE |  | 4425 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 3411402 | 35480 | SH |  | SOLE |  | 35480 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 2375034 | 25571 | SH |  | SOLE |  | 25571 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 892605 | 16899 | SH |  | SOLE |  | 16899 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDGS | SHS | G66721104 |  | 850383 | 45475 | SH |  | SOLE |  | 45475 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 682913 | 9050 | SH |  | SOLE |  | 9050 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1609156 | 9227 | SH |  | SOLE |  | 9227 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 852902 | 7980 | SH |  | SOLE |  | 7980 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 2269169 | 14154 | SH |  | SOLE |  | 14154 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 716192 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| PATRICK INDS INC | COM | 703343103 |  | 620437 | 5586 | SH |  | SOLE |  | 5586 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 678307 | 4368 | SH |  | SOLE |  | 4368 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1317233 | 46910 | SH |  | SOLE |  | 46910 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 2140745 | 14821 | SH |  | SOLE |  | 14821 | 0 | 0 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 1681180 | 25025 | SH |  | SOLE |  | 25025 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 325894 | 3336 | SH |  | SOLE |  | 3336 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 6694201 | 12193 | SH |  | SOLE |  | 12193 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 444268 | 575 | SH |  | SOLE |  | 575 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 410071 | 5549 | SH |  | SOLE |  | 5549 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 682605 | 9850 | SH |  | SOLE |  | 9850 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 1407486 | 8700 | SH |  | SOLE |  | 8700 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 246261 | 4792 | SH |  | SOLE |  | 4792 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 266603 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 506469 | 1580 | SH |  | SOLE |  | 1580 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 561455 | 3010 | SH |  | SOLE |  | 3010 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 450996 | 5034 | SH |  | SOLE |  | 5034 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 1739884 | 5295 | SH |  | SOLE |  | 5295 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 1762136 | 24704 | SH |  | SOLE |  | 24704 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 453263 | 2295 | SH |  | SOLE |  | 2295 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 694532 | 1413 | SH |  | SOLE |  | 1413 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 |  | 849526 | 6225 | SH |  | SOLE |  | 6225 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 875154 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 870379 | 751 | SH |  | SOLE |  | 751 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 229552 | 787 | SH |  | SOLE |  | 787 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 2237222 | 48667 | SH |  | SOLE |  | 48667 | 0 | 0 |
| UNITED PARCEL SVCS INC | CL B | 911312106 |  | 1004952 | 10215 | SH |  | SOLE |  | 10215 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 3191750 | 44373 | SH |  | SOLE |  | 44373 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 2198865 | 9063 | SH |  | SOLE |  | 9063 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 8065888 | 11071 | SH |  | SOLE |  | 11071 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 670067 | 1130 | SH |  | SOLE |  | 1130 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 758851 | 4320 | SH |  | SOLE |  | 4320 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 376492 | 4258 | SH |  | SOLE |  | 4258 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 714464 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 1240371 | 4950 | SH |  | SOLE |  | 4950 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 4215039 | 13946 | SH |  | SOLE |  | 13946 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 642155 | 5167 | SH |  | SOLE |  | 5167 | 0 | 0 |
| WASHINGTON TR BANCORP INC | COM | 940610108 |  | 993762 | 29700 | SH |  | SOLE |  | 29700 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1380349 | 6007 | SH |  | SOLE |  | 6007 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 |  | 2639072 | 33150 | SH |  | SOLE |  | 33150 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 327908 | 2744 | SH |  | SOLE |  | 2744 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 2410420 | 20391 | SH |  | SOLE |  | 20391 | 0 | 0 |

---