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) 274

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

Sector Weighting

Basic Materials 6.61%
Capital Goods 1.51%
Conglomerates 0.02%
Consumer Cyclical 2.72%
Consumer/Non-Cyclical 14.27%
Energy 10.05%
Financial 13.99%
Healthcare 10.81%
Services 8.73%
Technology 17.01%
Transportation 0.38%
Utilities 2.24%

47 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BOSWELL J G CO COM 5,003 328 7.03 6,230
SPDR SERIES TRUST WELLS FG PFD ETF 4,832 14 .28 107,134
APPLE INC COM 4,244 91 2.18 33,019
SCHWAB CHARLES CORP NEW COM 3,178 1 .05 106,400
ROYAL DUTCH SHELL PLC SPON ADR B 2,129 71 3.43 32,275
MARKET VECTORS ETF TR EM LC CURR DBT 1,553 129 9.06 76,450
PFIZER INC COM 1,140 .04 32,919
ALLIED WRLD ASSUR COM HLDG AG SHS 1,137 1,137 New 28,125
METLIFE INC PFD B 6.50 775 116 17.53 29,500
WELLS FARGO & CO NEW DEP SHS SER J 748 230 44.29 25,900
ISHARES JP MOR EM MK ETF 730 39 5.65 6,545
VORNADO RLTY TR PFD G 6.625% 719 91 14.40 27,800
US BANCORP DEL DEP SHS PFD F 639 146 29.61 21,450
HSBC HLDGS PLC PERP PREF SHS 491 170 52.98 18,625
BOSTON PRIVATE FINL HLDGS INC DEP SHS 388 31 8.68 15,025
BRISTOL MYERS SQUIBB CO COM 260 .15 3,959
RBS CAP FDG TR VII PFD TR 6.08% GTD 239 95 65.52 9,600
ISHARES U.S. PFD STK ETF 212 50 30.86 5,300
INTEL CORP COM 119 .20 3,480
PILGRIM BANCSHARES INC COM 83 83 New 7,500