AMERICAN RESEARCH & MANAGEMENT CO. Information

145 FRONT STREET, MARION, Massachusetts, 02738, (508) 748-1665

Report Date: 12/31/2014

Position Statistics

Total Positions 398
New Positions 18
Increased Positions 47
Decreased Positions 103
Positions with Activity 150
Sold Out Positions 24
Total Mkt Value (in $ millions) 270

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 6.49%
Capital Goods 1.48%
Conglomerates 0.02%
Consumer Cyclical 2.76%
Consumer/Non-Cyclical 14.05%
Energy 9.77%
Financial 14.16%
Healthcare 11.04%
Services 8.88%
Technology 17.1%
Transportation 0.38%
Utilities 2.21%

150 Activity Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
LEUCADIA NATL CORP COM 2,506 -983 (28.18) 113,030
OCEANEERING INTL INC COM 12 -760 (98.44) 225
ATWOOD OCEANICS INC COM 26 -629 (95.99) 950
DUKE REALTY CORP PFD 1/10 L 6.6 -586 Sold Out 0
KINDER MORGAN INC DEL COM 643 -339 (34.49) 15,591
CAMBRIDGE BANCORP COM -334 Sold Out 0
RAYONIER INC COM -297 Sold Out 0
NATURAL RESOURCE PARTNERS L P COM UNIT L P 24 -293 (92.34) 3,550
EXPEDITORS INTL WASH INC COM 678 -287 (29.76) 14,125
PRIVATEBANCORP CAP TR IV PFD TR SECS 2,644 -256 (8.84) 98,302
ENCANA CORP COM 2,064 -224 (9.79) 188,841
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 1,062 -189 (15.09) 13,500
3-D SYS CORP DEL COM NEW 25 -182 (88.1) 900
CDK GLOBAL INC COM 418 -179 (29.96) 8,998
INTL FCSTONE INC COM 211 -176 (45.39) 7,310
CENOVUS ENERGY INC COM 2,488 -150 (5.67) 151,548
KNOWLES CORP COM 501 -122 (19.55) 25,820
INTERNATIONAL BUSINESS MACHS COM 11,046 -107 (0.96) 68,866
ALTRIA GROUP INC COM 4,615 -96 (2.03) 91,684
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 1,430 -95 (6.24) 25,550