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INCOME RESEARCH & MANAGEMENT

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13F filer, CIK 1165830, Boston, MA

INCOME RESEARCH & MANAGEMENT reported $190,387,306 across 32 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-01-20. Its ten largest share positions make up 49.38% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001214659-26-000644

Period
2025-12-31
Reported value
$190M
Holdings
32
Top 10 weight
49.38%
New
0
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ON SEMICONDUCTOR CORPadded+590,000$558K
UBER TECHNOLOGIES INCadded+425,000$551K
WELLS FARGO & COadded+445$540K
MERITAGE HOMES CORPadded+490,000$482K
BLOCK INCadded+480,000$444K

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
CMS ENERGY CORPexited-9,024,000-$9.88M
PPL CAP FDG INCexited-8,501,000-$9.7M
EXPEDIA GROUP INCreduced-1,825,000-$2.04M
FORD MOTOR COMPANYreduced-1,690,000-$1.76M
NEW MTN FIN CORPexited-299,000-$299K

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, Q4 2025

Share positions as resolved from 13F-HR 0001214659-26-000644, largest first. % of portfolio is the value over $190,387,306, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BOFA FIN LLCBOFA FIN LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 9,803,000 shares 9,803,000$10.6M5.59%+345,000
EURONET WORLDWIDE INCEURONET WORLDWIDE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 12,112,000 shares 12,112,000$10.2M5.37%0
AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 10,068,000 shares 10,068,000$10.1M5.3%+305,000
CAPITAL SOUTHWEST CORPCAPITAL SOUTHWEST CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 10,127,000 shares 10,127,000$10M5.25%+370,000
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 10,280,000 shares 10,280,000$9.72M5.11%+590,000
AMERICAN WTR CAP CORPAMERICAN WTR CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 9,668,000 shares 9,668,000$9.63M5.06%+410,000
DUKE ENERGY CORP NEWDUKE ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 8,858,000 shares 8,858,000$9.12M4.79%+295,000
EXPEDIA GROUP INCEXPEDIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 7,512,000 shares 7,512,000$8.38M4.4%-1,825,000
ENVISTA HOLDINGS CORPORATIONENVISTA HOLDINGS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 8,715,000 shares 8,715,000$8.36M4.39%+410,000
BLOCK INCBLOCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,470,000 shares; 2025Q3: 8,005,000 shares; 2025Q4: 8,485,000 shares 8,485,000$7.84M4.12%+480,000
VENTAS RLTY LTD PARTNERSHIPVENTAS RLTY LTD PARTNERSHIPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,475,000 shares 5,475,000$7.73M4.06%+185,000
ETSY INCETSY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 8,342,000 shares 8,342,000$7.44M3.91%0
NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,920,000 shares 5,920,000$7.35M3.86%+235,000
GLOBAL PMTS INCGLOBAL PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 7,830,000 shares 7,830,000$7.02M3.69%+365,000
MICROCHIP TECHNOLOGY INC.MICROCHIP TECHNOLOGY INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,413,000 shares; 2025Q3: 6,843,000 shares; 2025Q4: 6,978,000 shares 6,978,000$6.84M3.59%+135,000
FORD MOTOR COMPANYFORD MOTOR COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 6,383,000 shares 6,383,000$6.63M3.48%-1,690,000
MERITAGE HOMES CORPMERITAGE HOMES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,380,000 shares; 2025Q3: 5,725,000 shares; 2025Q4: 6,215,000 shares 6,215,000$6.11M3.21%+490,000
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 4,430,000 shares 4,430,000$5.75M3.02%+425,000
DEXCOM INCDEXCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,226,000 shares; 2025Q3: 5,781,000 shares; 2025Q4: 6,101,000 shares 6,101,000$5.61M2.95%+320,000
EVERGY INCEVERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 4,322,000 shares 4,322,000$5.26M2.76%+50,000
TAXXBONDBLOXX ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,000 shares; 2024Q4: 100,000 shares; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares; 2025Q3: 100,000 shares; 2025Q4: 100,000 shares 100,000$5.07M2.66%0Timeline
TXXIBONDBLOXX ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares; 2025Q3: 100,000 shares; 2025Q4: 100,000 shares 100,000$5.06M2.66%0Timeline
TAXMBONDBLOXX ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares; 2025Q3: 100,000 shares; 2025Q4: 100,000 shares 100,000$5.03M2.64%0Timeline
GLADSTONE CAP CORPGLADSTONE CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,595,000 shares; 2025Q4: 4,830,000 shares 4,830,000$4.71M2.47%+235,000
HAEMONETICS CORP MASSHAEMONETICS CORP MASSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,985,000 shares; 2025Q3: 3,145,000 shares; 2025Q4: 3,270,000 shares 3,270,000$3.39M1.78%+125,000
PINNACLE WEST CAP CORPPINNACLE WEST CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,611,000 shares; 2025Q3: 2,851,000 shares; 2025Q4: 3,031,000 shares 3,031,000$3.24M1.7%+180,000
AGGSHARBOR ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,000 shares; 2024Q4: 50,000 shares; 2025Q1: 50,000 shares; 2025Q2: 50,000 shares; 2025Q3: 50,000 shares; 2025Q4: 50,000 shares 50,000$2.06M1.08%0Timeline
WELLS FARGO & COWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 358 shares; 2025Q3: 358 shares; 2025Q4: 803 shares 803$974K0.51%+445
BANK OF AMER CORPBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 355 shares; 2025Q3: 355 shares; 2025Q4: 355 shares 355$444K0.23%0
CENTERPOINT ENERGY INCCENTERPOINT ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 371,000 shares 371,000$406K0.21%0
ETSY INCETSY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 70,000 shares; 2025Q4: 225,000 shares 225,000$208K0.11%+155,000
CABLE ONE INCCABLE ONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 35,000 shares; 2025Q3: 35,000 shares; 2025Q4: 75,000 shares 75,000$61K0.03%+40,000

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
CMS ENERGY CORPCMS ENERGY CORP9,024,000$9.88Mshares
PPL CAP FDG INCPPL CAP FDG INC8,501,000$9.7Mshares
NEW MTN FIN CORPNEW MTN FIN CORP299,000$299Kshares

How Q4 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 0001214659-26-000644 base2026-01-20acceptance time not in the bulk data set