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INCOME RESEARCH & MANAGEMENT

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13F filer, CIK 1165830, Boston, MA

INCOME RESEARCH & MANAGEMENT reported $204,451,531 across 35 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-16. Its ten largest share positions make up 46.45% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001214659-25-015028

Period
2025-09-30
Reported value
$204M
Holdings
35
Top 10 weight
46.45%
New
2
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GLADSTONE CAP CORPnew+4,595,000$4.55M
CAPITAL SOUTHWEST CORPadded+515,000$507K
BLOCK INCadded+535,000$487K
BOFA FIN LLCadded+450,000$443K
AKAMAI TECHNOLOGIES INCadded+460,000$440K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BLVexited-720,997-$50.1M
VGLTexited-705,962-$39.6M
EDVexited-403,862-$27.2M
NEW MTN FIN CORPreduced-11,942,000-$11.9M
CENTERPOINT ENERGY INCreduced-9,875,000-$11M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001214659-25-015028, largest first. % of portfolio is the value over $204,451,531, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
EURONET WORLDWIDE INCEURONET WORLDWIDE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,112,000 shares; 2024Q4: 12,112,000 shares; 2025Q1: 12,112,000 shares; 2025Q2: 12,112,000 shares; 2025Q3: 12,112,000 shares 12,112,000$10.3M5.04%0
CMS ENERGY CORPCMS ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,100,000 shares; 2024Q4: 11,100,000 shares; 2025Q1: 11,100,000 shares; 2025Q2: 11,374,000 shares; 2025Q3: 9,024,000 shares 9,024,000$9.88M4.83%-2,350,000
PPL CAP FDG INCPPL CAP FDG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,900,000 shares; 2024Q4: 11,900,000 shares; 2025Q1: 11,900,000 shares; 2025Q2: 12,146,000 shares; 2025Q3: 8,501,000 shares 8,501,000$9.7M4.75%-3,645,000
CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 9,000,000 shares; 2025Q1: 9,000,000 shares; 2025Q2: 9,242,000 shares; 2025Q3: 9,757,000 shares 9,757,000$9.61M4.7%+515,000
EXPEDIA GROUP INCEXPEDIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,780,000 shares; 2024Q4: 13,780,000 shares; 2025Q1: 13,780,000 shares; 2025Q2: 14,037,000 shares; 2025Q3: 9,337,000 shares 9,337,000$9.4M4.6%-4,700,000
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 4,900,000 shares; 2025Q1: 9,100,000 shares; 2025Q2: 9,303,000 shares; 2025Q3: 9,763,000 shares 9,763,000$9.34M4.57%+460,000
BOFA FIN LLCBOFA FIN LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,780,000 shares; 2024Q4: 8,780,000 shares; 2025Q1: 8,780,000 shares; 2025Q2: 9,008,000 shares; 2025Q3: 9,458,000 shares 9,458,000$9.32M4.56%+450,000
AMERICAN WTR CAP CORPAMERICAN WTR CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,000,000 shares; 2024Q4: 10,000,000 shares; 2025Q1: 10,000,000 shares; 2025Q2: 10,268,000 shares; 2025Q3: 9,258,000 shares 9,258,000$9.27M4.53%-1,010,000
DUKE ENERGY CORP NEWDUKE ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,800,000 shares; 2024Q4: 10,755,000 shares; 2025Q1: 10,755,000 shares; 2025Q2: 11,023,000 shares; 2025Q3: 8,563,000 shares 8,563,000$9.19M4.5%-2,460,000
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,000,000 shares; 2024Q4: 7,350,000 shares; 2025Q1: 8,960,000 shares; 2025Q2: 9,250,000 shares; 2025Q3: 9,690,000 shares 9,690,000$8.94M4.37%+440,000
FORD MOTOR COMPANYFORD MOTOR COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,750,000 shares; 2024Q4: 8,750,000 shares; 2025Q1: 8,750,000 shares; 2025Q2: 8,953,000 shares; 2025Q3: 8,073,000 shares 8,073,000$8.18M4%-880,000
ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,500,000 shares; 2024Q4: 8,500,000 shares; 2025Q1: 8,500,000 shares; 2025Q2: 8,693,000 shares; 2025Q3: 8,305,000 shares 8,305,000$7.82M3.83%-388,000
ETSY INCETSY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,545,000 shares; 2024Q4: 9,545,000 shares; 2025Q1: 9,545,000 shares; 2025Q2: 9,692,000 shares; 2025Q3: 8,342,000 shares 8,342,000$7.36M3.6%-1,350,000
BLOCK INCBLOCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,470,000 shares; 2025Q3: 8,005,000 shares 8,005,000$7.28M3.56%+535,000
GLOBAL PMTS INCGLOBAL PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 8,000,000 shares; 2025Q2: 8,255,000 shares; 2025Q3: 7,465,000 shares 7,465,000$6.83M3.34%-790,000
VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,200,000 shares; 2024Q4: 10,000,000 shares; 2025Q1: 10,000,000 shares; 2025Q2: 10,155,000 shares; 2025Q3: 5,290,000 shares 5,290,000$6.83M3.34%-4,865,000
NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,500,000 shares; 2025Q2: 6,715,000 shares; 2025Q3: 5,685,000 shares 5,685,000$6.71M3.28%-1,030,000
MICROCHIP TECHNOLOGY INC.MICROCHIP TECHNOLOGY INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,413,000 shares; 2025Q3: 6,843,000 shares 6,843,000$6.63M3.24%-570,000
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,400,000 shares; 2025Q1: 3,580,000 shares; 2025Q2: 3,735,000 shares; 2025Q3: 4,005,000 shares 4,005,000$5.89M2.88%+270,000
MERITAGE HOMES CORPMERITAGE HOMES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,380,000 shares; 2025Q3: 5,725,000 shares 5,725,000$5.86M2.87%+345,000
EVERGY INCEVERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,000,000 shares; 2025Q1: 5,000,000 shares; 2025Q2: 5,127,000 shares; 2025Q3: 4,272,000 shares 4,272,000$5.37M2.63%-855,000
DEXCOM INCDEXCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,226,000 shares; 2025Q3: 5,781,000 shares 5,781,000$5.27M2.58%-445,000
TAXXBONDBLOXX ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,000 shares; 2024Q4: 100,000 shares; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares; 2025Q3: 100,000 shares 100,000$5.1M2.49%0Timeline
TXXIBONDBLOXX ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares; 2025Q3: 100,000 shares 100,000$5.04M2.47%0Timeline
TAXMBONDBLOXX ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares; 2025Q3: 100,000 shares 100,000$5.02M2.45%0Timeline
GLADSTONE CAP CORPGLADSTONE CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,595,000 shares 4,595,000$4.55M2.22%new
PINNACLE WEST CAP CORPPINNACLE WEST CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,611,000 shares; 2025Q3: 2,851,000 shares 2,851,000$3.06M1.5%+240,000
HAEMONETICS CORP MASSHAEMONETICS CORP MASSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,985,000 shares; 2025Q3: 3,145,000 shares 3,145,000$2.9M1.42%+160,000
AGGSHARBOR ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,000 shares; 2024Q4: 50,000 shares; 2025Q1: 50,000 shares; 2025Q2: 50,000 shares; 2025Q3: 50,000 shares 50,000$2.08M1.02%0Timeline
BANK OF AMER CORPBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 355 shares; 2025Q3: 355 shares 355$455K0.22%0
WELLS FARGO & COWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 358 shares; 2025Q3: 358 shares 358$442K0.22%0
CENTERPOINT ENERGY INCCENTERPOINT ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,000,000 shares; 2024Q4: 10,000,000 shares; 2025Q1: 10,000,000 shares; 2025Q2: 10,246,000 shares; 2025Q3: 371,000 shares 371,000$412K0.2%-9,875,000
NEW MTN FIN CORPNEW MTN FIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,042,000 shares; 2024Q4: 12,042,000 shares; 2025Q1: 12,042,000 shares; 2025Q2: 12,241,000 shares; 2025Q3: 299,000 shares 299,000$299K0.15%-11,942,000
ETSY INCETSY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 70,000 shares 70,000$64.4K0.03%new
CABLE ONE INCCABLE ONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 35,000 shares; 2025Q3: 35,000 shares 35,000$29.9K0.01%0

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
BLVVANGUARD BD INDEX FDS720,997$50.1Mshares
VGLTVANGUARD SCOTTSDALE FDS705,962$39.6Mshares
EDVVANGUARD WORLD FD403,862$27.2Mshares
ALLIANT ENERGY CORPALLIANT ENERGY CORP5,509,000$5.66Mshares
WEC ENERGY GROUP INCWEC ENERGY GROUP INC4,147,000$4.78Mshares
SOUTHERN COSOUTHERN CO4,002,000$4.4Mshares
WEC ENERGY GROUP INCWEC ENERGY GROUP INC85,000$95.7Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001214659-25-015028 base2025-10-16acceptance time not in the bulk data set