AMERICAN RESEARCH & MANAGEMENT CO. Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 392
New Positions 3
Increased Positions 41
Decreased Positions 94
Positions with Activity 135
Sold Out Positions 14
Total Mkt Value (in $ millions) 272

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

Sector Weighting

Basic Materials 7.16%
Capital Goods 1.44%
Conglomerates 0.02%
Consumer Cyclical 2.45%
Consumer/Non-Cyclical 13.35%
Energy 12.97%
Financial 13.55%
Healthcare 10.33%
Services 8.46%
Technology 15.68%
Transportation 0.44%
Utilities 2.62%

94 DECREASED Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
PRIVATEBANCORP CAP TR IV PFD TR SECS 2,859 -2,123 (42.62) 107,829
ISHARES IBOXX HI YD ETF 37 -644 (94.57) 400
EXPEDITORS INTL WASH INC COM 823 -228 (21.71) 20,110
ISHARES TR IBOXX INV CP ETF 2,185 -217 (9.02) 18,255
ISHARES 1-3 YR CR BD ETF 295 -212 (41.75) 2,800
DOVER CORP COM 7,260 -165 (2.22) 92,650
JOHNSON & JOHNSON COM 10,103 -163 (1.59) 98,441
INTERNATIONAL BUSINESS MACHS COM 11,277 -153 (1.34) 69,536
ANALOG DEVICES INC COM 7,065 -145 (2.01) 152,204
EXXON MOBIL CORP COM 10,966 -145 (1.3) 116,524
ALTRIA GROUP INC COM 4,411 -141 (3.11) 93,584
KNOWLES CORP COM 619 -135 (17.93) 32,094
PROCTER & GAMBLE CO COM 6,512 -114 (1.72) 78,245
NOVARTIS A G SPONSORED ADR 5,619 -101 (1.76) 62,960
LEUCADIA NATL CORP COM 3,623 -78 (2.12) 157,373
BERKSHIRE HATHAWAY INC DEL CL B NEW 1,944 -78 (3.86) 14,020
CHURCH & DWIGHT INC COM 7,232 -74 (1.01) 102,679
E M C CORP MASS COM 2,706 -73 (2.63) 97,675
WELLS FARGO & CO NEW COM 274 -66 (19.34) 5,422
GENERAL ELECTRIC CO COM 4,620 -61 (1.31) 181,610