Forbes J M & Co. LLP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 11, 2024), Forbes J M & Co. LLP reported 131 stock positions worth $922.6 million. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by iShares Gold Trust (IAU, 6.2%) and Nvidia (NVDA, 4.7%). Compared with Q4 2023, it opened 5 new positions, sold out of 1, added to 9 and reduced 65. The biggest buy was a new position in Palo Alto Networks (PANW) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001067532
Portfolio Value
$922.6M (Q1 2024)
SEC Filing
0001140361-24-019300 ↗ filed Apr 11, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $922.6M $922.6M Q1 2024 Q2 2024: $975.9M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 131 stocks · $922.6M
MSFT Microsoft Corp. 7.01% 153,768 $64.7M Reduce -2.0%
IAU iShares Gold Trust 6.21% 1,363,509 $57.3M Reduce -1.4%
NVDA Nvidia Corp. 4.73% 48,278 $43.6M Reduce -10.9%
AAPL Apple Inc. 4.47% 240,712 $41.3M Reduce -0.9%
XLE SS Energy Select Sector 3.69% 361,003 $34.1M Reduce -1.1%
GOOGL Alphabet Inc. Class A 3.59% 219,202 $33.1M Reduce -0.8%
AMZN Amazon.com Inc. 3.47% 177,515 $32.0M Reduce -1.4%
JPM JPMorgan Chase & Co. 2.44% 112,572 $22.5M Reduce -0.9%
MRK Merck & Co. Inc. 2.32% 161,894 $21.4M Reduce -1.1%
PG The Procter & Gamble Co. 2.06% 117,149 $19.0M Reduce -1.6%
XLK SS Technology Select Sector 2.02% 89,297 $18.6M No change
V Visa Inc. Class A 1.93% 63,635 $17.8M Reduce -1.7%
JNJ Johnson & Johnson 1.92% 112,234 $17.8M Reduce -1.2%
LIN Linde PLC 1.84% 36,507 $17.0M Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.77% 431,621 $16.4M Reduce -1.4%
PEP Pepsico Inc. 1.67% 87,977 $15.4M Reduce -1.9%
ABT Abbott Laboratories 1.65% 134,181 $15.3M Reduce -1.0%
AVGO Broadcom Inc. 1.63% 11,351 $15.0M Reduce -26.5%
VIG Vanguard Dividend Apprec ETF 1.63% 82,316 $15.0M Reduce -22.7%
ADBE Adobe Inc. 1.62% 29,529 $14.9M Reduce -0.1%
KO The Coca-Cola Co. 1.56% 235,086 $14.4M Reduce -0.6%
WMT Walmart Inc. 1.49% 227,912 $13.7M Reduce -1.9%
NEE Nextera Energy Inc. 1.46% 211,016 $13.5M Reduce -1.4%
UNP Union Pacific Corp. 1.43% 53,688 $13.2M Reduce -2.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.37% 66,311 $12.7M Reduce -0.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.31% 118,860 $12.1M Reduce -0.5%
IJH iShares Core S&P Midcap ETF 1.30% 197,636 $12.0M Reduce -1.4%
ETN Eaton Corp. PLC 1.29% 38,108 $11.9M Add +0.3%
XLF SS Financial Select Sector 1.25% 274,618 $11.6M No change
HON Honeywell International Inc. 1.23% 55,099 $11.3M Reduce -1.6%
CRM Salesforce Inc. 1.19% 36,324 $10.9M Reduce -0.1%
XLI SS Industrial Select Sector 1.15% 83,878 $10.6M No change
ICE Intercontinental Exchange Inc. 1.12% 75,200 $10.3M Reduce -1.1%
XYL Xylem Inc. 1.12% 79,863 $10.3M Reduce -2.2%
PGR Progressive Corp. 1.05% 46,678 $9.7M Add +0.1%
SPEM State Street SP PTF Em ETF 1.03% 261,983 $9.5M Reduce -3.4%
HD Home Depot Inc. 1.01% 24,270 $9.3M Add +0.1%
ZTS Zoetis Inc. 1.00% 54,312 $9.2M Reduce -2.6%
UNH Unitedhealth Group Inc. 0.99% 18,444 $9.1M Reduce -1.9%
BDX Becton Dickinson and Co. 0.93% 34,849 $8.6M Reduce -3.8%
XLV SS Health Care Select Sector 0.89% 55,331 $8.2M No change
VZ Verizon Communications Inc. 0.87% 191,890 $8.1M Reduce -2.5%
XLY SS Consumer Disc Select Sect 0.87% 43,438 $8.0M No change
BMY Bristol-Myers Squibb Co. 0.82% 140,269 $7.6M Reduce -3.8%
PLD Prologis Inc. 0.81% 57,682 $7.5M Reduce -1.2%
ECL Ecolab Inc. 0.79% 31,687 $7.3M Reduce -1.4%
NSRGY Nestle SA-Spons ADR 0.74% 64,316 $6.8M Reduce -4.0%
ITOT iShares Core S&P Total U.S. 0.73% 58,176 $6.7M Add +0.6%
RIO Rio Tinto PLC-Spon ADR 0.62% 89,156 $5.7M Reduce -2.9%
IBB iShares Biotechnology ETF 0.60% 40,603 $5.6M Reduce -2.3%
META Meta Platforms Inc. Class A 0.59% 11,162 $5.4M No change
XLC SS Comm Select Sector SPDR 0.57% 64,939 $5.3M No change
BRK.B Berkshire Hathaway Inc. Class B 0.57% 12,426 $5.2M Add +0.4%
XOM Exxon Mobil Corp. 0.55% 43,764 $5.1M Reduce -0.9%
PANW Palo Alto Networks Inc. 0.54% 17,561 $5.0M New
NOW ServiceNow Inc. 0.44% 5,293 $4.0M Add +0.3%
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 0.38% 44,509 $3.5M Reduce -1.1%
XLRE SS Real Estate Select Sector 0.33% 76,511 $3.0M No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.31% 43,604 $2.9M No change
ABBV Abbvie Inc. 0.28% 14,274 $2.6M No change
ADP Automatic Data Processing 0.27% 10,026 $2.5M Reduce -1.0%
TSLA Tesla Inc. 0.26% 13,772 $2.4M Reduce -1.4%
DSI iShares ESG MSCI KLD 400 ETF 0.25% 23,185 $2.3M Reduce -7.9%
GOOG Alphabet Inc. Class C 0.25% 14,910 $2.3M No change
MCD McDonald's Corp. 0.24% 7,789 $2.2M No change
CSCO Cisco Systems Inc. 0.19% 34,442 $1.7M Reduce -1.6%
COST Costco Wholesale Corp. 0.18% 2,320 $1.7M No change
IVV iShares Core S&P 500 ETF 0.17% 3,020 $1.6M Add +14.0%
EMR Emerson Electric Co. 0.15% 12,023 $1.4M Reduce -0.6%
MA Mastercard Inc. Class A 0.15% 2,816 $1.4M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.14% 10,887 $1.3M No change
GLDM SPDR Gold Minishares Trust 0.14% 28,711 $1.3M No change
INTU Intuit Inc. 0.14% 1,943 $1.3M Reduce -1.0%
SYK Stryker Corp. 0.14% 3,521 $1.3M No change
ACN Accenture PLC Class A 0.13% 3,570 $1.2M Reduce -3.0%
LLY Eli Lilly & Co. 0.13% 1,568 $1.2M Reduce -1.6%
INTC Intel Corp. 0.13% 27,572 $1.2M No change
GLD SPDR Gold Shares 0.12% 5,318 $1.1M No change
XLB SS Materials Select Sector 0.12% 11,547 $1.1M No change
CVX Chevron Corp. 0.10% 6,061 $956K Reduce -3.3%
CHD Church & Dwight Co. Inc. 0.10% 8,520 $889K No change
FISV Fiserv Inc. 0.09% 5,096 $814K No change
ADI Analog Devices Inc. 0.09% 4,066 $804K Reduce -13.4%
RTX RTX Corp. 0.08% 7,795 $760K Reduce -1.7%
APD Air Products & Chemicals Inc. 0.08% 3,120 $756K No change
CMCSA Comcast Corp. Class A 0.08% 17,218 $746K Reduce -0.5%
NKE Nike Inc. Class B 0.08% 7,770 $730K No change
PFE Pfizer Inc. 0.07% 24,833 $689K Reduce -1.0%
ITW Illinois Tool Works 0.07% 2,449 $657K No change
BRK.A Berkshire Hathaway Inc. Class A 0.07% 1 $634K No change
DHR Danaher Corp. 0.06% 2,390 $597K No change
WY Weyerhaeuser Co. 0.06% 16,101 $578K No change
USB US Bancorp 0.06% 12,677 $567K Reduce -1.7%
RY Royal Bank of Canada 0.06% 5,600 $565K No change
CNI Canadian Natl Railway Co. 0.06% 4,210 $554K No change
PNC PNC Financial Services Group 0.06% 3,317 $536K Add +3.7%
EW Edwards Lifesciences Corp. 0.05% 5,285 $505K No change
CAT Caterpillar Inc. 0.05% 1,307 $479K No change
BA The Boeing Co. 0.05% 2,437 $470K No change
YUM Yum! Brands Inc. 0.05% 3,235 $449K Reduce -4.3%
GPC Genuine Parts Co. 0.05% 2,865 $444K Reduce -2.9%
TGT Target Corp. 0.05% 2,472 $438K Reduce -3.9%
BIIB Biogen Inc. 0.04% 1,869 $403K Reduce -2.0%
STT State Street Corp. 0.04% 5,035 $389K No change
DD Dupont DE Nemours Inc. 0.04% 4,991 $383K No change
PRGS Progress Software Corp. 0.04% 7,120 $380K No change
CARR Carrier Global Corp. 0.04% 6,175 $359K Reduce -3.2%
PCAR Paccar Inc. 0.04% 2,875 $356K No change
SBUX Starbucks Corp. 0.04% 3,852 $352K No change
PAYX Paychex Inc. 0.04% 2,726 $335K No change
MMM 3M Co. 0.03% 3,038 $322K Add +1.8%
ROP Roper Technologies Inc. 0.03% 555 $311K No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.03% 6,000 $311K No change
AXSM Axsome Therapeutics Inc. 0.03% 3,840 $306K No change
CTVA Corteva Inc. 0.03% 4,983 $287K No change
GE General Electric 0.03% 1,625 $285K No change
DOW Dow Inc. 0.03% 4,915 $285K No change
QCOM Qualcomm Inc. 0.03% 1,680 $284K No change
IEF iShares 7-10 Year Treasury B 0.03% 3,003 $284K Reduce -2.9%
OTIS Otis Worldwide Corp. 0.03% 2,856 $284K Reduce -4.1%
NVCT Nuvectis Pharma Inc. 0.03% 34,000 $279K No change
CHKP Check Point Software Tech 0.03% 1,520 $249K No change
JPST JPMorgan Ultra-Short Income 0.03% 4,842 $244K Reduce -0.0%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.03% 4,801 $244K No change
SPGI S&P Global Inc. 0.03% 569 $242K No change
ISRG Intuitive Surgical Inc. 0.02% 555 $221K New
URI United Rentals Inc. 0.02% 290 $209K New
AMT American Tower Corp. 0.02% 1,057 $209K No change
ORCL Oracle Corp. 0.02% 1,626 $204K New
XAIR Beyond Air Inc. 0.01% 35,020 $61K No change
LOW Lowe's Cos Inc. 0.01% 200 $51K New

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -0.9% 4.47% −0.96
VIG Vanguard Dividend Apprec ETF Reduce -22.7% 1.63% −0.48
ADBE Adobe Inc. Reduce -0.1% 1.62% −0.43
AVGO Broadcom Inc. Reduce -26.5% 1.63% −0.37
ZTS Zoetis Inc. Reduce -2.6% 1.00% −0.28
RIO Rio Tinto PLC-Spon ADR Reduce -2.9% 0.62% −0.18
UNH Unitedhealth Group Inc. Reduce -1.9% 0.99% −0.16
NSRGY Nestle SA-Spons ADR Reduce -4.0% 0.74% −0.16
JNJ Johnson & Johnson Reduce -1.2% 1.92% −0.14
TSLA Tesla Inc. Reduce -1.4% 0.26% −0.14
HON Honeywell International Inc. Reduce -1.6% 1.23% −0.14
UNP Union Pacific Corp. Reduce -2.1% 1.43% −0.13
PEP Pepsico Inc. Reduce -1.9% 1.67% −0.10
BDX Becton Dickinson and Co. Reduce -3.8% 0.93% −0.09
PLD Prologis Inc. Reduce -1.2% 0.81% −0.09
SPEM State Street SP PTF Em ETF Reduce -3.4% 1.03% −0.09
APTV Aptiv Irish Holdings Ltd. Reduce -1.1% 0.38% −0.09
ABT Abbott Laboratories Reduce -1.0% 1.65% −0.08
IAU iShares Gold Trust Reduce -1.4% 6.21% −0.06
KO The Coca-Cola Co. Reduce -0.6% 1.56% −0.06
IBB iShares Biotechnology ETF Reduce -2.3% 0.60% −0.05
NEE Nextera Energy Inc. Reduce -1.4% 1.46% −0.05
BMY Bristol-Myers Squibb Co. Reduce -3.8% 0.82% −0.05
V Visa Inc. Class A Reduce -1.7% 1.93% −0.03
SGOV iShares 0-3 Month Treasury B Sold out 0.00% −0.03
ADI Analog Devices Inc. Reduce -13.4% 0.09% −0.02
CSCO Cisco Systems Inc. Reduce -1.6% 0.19% −0.02
ACN Accenture PLC Class A Reduce -3.0% 0.13% −0.02
ICE Intercontinental Exchange Inc. Reduce -1.1% 1.12% −0.01
BIIB Biogen Inc. Reduce -2.0% 0.04% −0.01
DSI iShares ESG MSCI KLD 400 ETF Reduce -7.9% 0.25% −0.01
PFE Pfizer Inc. Reduce -1.0% 0.07% −0.01
CMCSA Comcast Corp. Class A Reduce -0.5% 0.08% −0.01
INTU Intuit Inc. Reduce -1.0% 0.14% −0.01
CVX Chevron Corp. Reduce -3.3% 0.10% −0.01
IEF iShares 7-10 Year Treasury B Reduce -2.9% 0.03% −0.00
CARR Carrier Global Corp. Reduce -3.2% 0.04% −0.00
USB US Bancorp Reduce -1.7% 0.06% −0.00
ADP Automatic Data Processing Reduce -1.0% 0.27% −0.00
YUM Yum! Brands Inc. Reduce -4.3% 0.05% −0.00
JPST JPMorgan Ultra-Short Income Reduce -0.0% 0.03% −0.00
GOOGL Alphabet Inc. Class A Reduce -0.8% 3.59% −0.00
OTIS Otis Worldwide Corp. Reduce -4.1% 0.03% −0.00
GPC Genuine Parts Co. Reduce -2.9% 0.05% +0.00
RTX RTX Corp. Reduce -1.7% 0.08% +0.00
TGT Target Corp. Reduce -3.9% 0.05% +0.00
TJX TJX Companies Inc. Reduce -0.5% 1.31% +0.01
VZ Verizon Communications Inc. Reduce -2.5% 0.87% +0.01
IJH iShares Core S&P Midcap ETF Reduce -1.4% 1.30% +0.01
EMR Emerson Electric Co. Reduce -0.6% 0.15% +0.01

Portfolio Buys Q4 2023 → Q1 2024
PANW Palo Alto Networks Inc. New 0.54% +0.54
ETN Eaton Corp. PLC Add +0.3% 1.29% +0.23
PGR Progressive Corp. Add +0.1% 1.05% +0.18
BRK.B Berkshire Hathaway Inc. Class B Add +0.4% 0.57% +0.05
HD Home Depot Inc. Add +0.1% 1.01% +0.03
IVV iShares Core S&P 500 ETF Add +14.0% 0.17% +0.03
ISRG Intuitive Surgical Inc. New 0.02% +0.02
URI United Rentals Inc. New 0.02% +0.02
ORCL Oracle Corp. New 0.02% +0.02
ITOT iShares Core S&P Total U.S. Add +0.6% 0.73% +0.02
LOW Lowe's Cos Inc. New 0.01% +0.01
NOW ServiceNow Inc. Add +0.3% 0.44% +0.00
PNC PNC Financial Services Group Add +3.7% 0.06% +0.00
MMM 3M Co. Add +1.8% 0.03% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 159$1.3BNVDA, GOOGL, AAPL, IAU, MSFT
Q1 2026 150$1.2BIAU, NVDA, GOOGL, AAPL, MSFT
Q4 2025 141$1.2BIAU, NVDA, MSFT, GOOGL, AAPL
Q3 2025 140$1.2BIAU, MSFT, NVDA, AAPL, GOOGL
Q2 2025 141$1.1BMSFT, IAU, NVDA, AAPL, AMZN
Q1 2025 139$1.0BIAU, MSFT, AAPL, NVDA, AMZN
Q4 2024 141$1.0BIAU, MSFT, AAPL, NVDA, GOOGL
Q3 2024 138$1.0BIAU, MSFT, NVDA, AAPL, GOOGL
Q2 2024 133$975.9MMSFT, IAU, NVDA, AAPL, GOOGL
Q1 2024 131$922.6MMSFT, IAU, NVDA, AAPL, XLE