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) 267

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

Sector Weighting

Basic Materials 6.66%
Capital Goods 1.52%
Conglomerates 0.02%
Consumer Cyclical 2.66%
Consumer/Non-Cyclical 14.46%
Energy 10.2%
Financial 14%
Healthcare 11.08%
Services 9.03%
Technology 16.63%
Transportation 0.37%
Utilities 2.34%

103 DECREASED 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 2,586 -1,015 (28.18) 113,030
OCEANEERING INTL INC COM 12 -727 (98.44) 225
ATWOOD OCEANICS INC COM 26 -626 (95.99) 950
DUKE REALTY CORP PFD 1/10 L 6.6 -586 Sold Out 0
NATURAL RESOURCE PARTNERS L P COM UNIT L P 33 -398 (92.34) 3,550
CAMBRIDGE BANCORP COM -342 Sold Out 0
KINDER MORGAN INC DEL COM 635 -334 (34.49) 15,591
RAYONIER INC COM -323 Sold Out 0
EXPEDITORS INTL WASH INC COM 629 -267 (29.76) 14,125
PRIVATEBANCORP CAP TR IV PFD TR SECS 2,650 -257 (8.84) 98,302
ENCANA CORP COM 2,276 -247 (9.79) 188,841
3-D SYS CORP DEL COM NEW 26 -192 (88.1) 900
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 1,044 -186 (15.09) 13,500
CDK GLOBAL INC COM 411 -176 (29.96) 8,998
CENOVUS ENERGY INC COM 2,732 -164 (5.67) 151,548
KNOWLES CORP COM 547 -133 (19.55) 25,820
STRATASYS LTD SHS 173 -128 (42.45) 2,210
INTL FCSTONE INC COM 143 -119 (45.39) 7,310
RAYONIER ADVANCED MATLS INC COM -105 Sold Out 0
INTERNATIONAL BUSINESS MACHS COM 10,707 -104 (0.96) 68,866