Forbes J M & Co. LLP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 30, 2024), Forbes J M & Co. LLP reported 133 stock positions worth $975.9 million. Its top holding was Microsoft (MSFT) at 7.1% of the portfolio, followed by iShares Gold Trust (IAU, 6.3%) and Nvidia (NVDA, 6.2%). Compared with Q1 2024, it opened 5 new positions, sold out of 3, added to 61 and reduced 28. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale Bristol-Myers Squibb (BMY, shares −93%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001067532
Portfolio Value
$975.9M (Q2 2024)
SEC Filing
0001140361-24-034879 ↗ filed Jul 30, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $922.6M Q1 2024 Q2 2024: $975.9M $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 133 stocks · $975.9M
MSFT Microsoft Corp. 7.14% 155,955 $69.7M Add +1.4%
IAU iShares Gold Trust 6.26% 1,389,998 $61.1M Add +1.9%
NVDA Nvidia Corp. 6.18% 488,065 $60.3M Add +1.1%
AAPL Apple Inc. 5.28% 244,597 $51.5M Add +1.6%
GOOGL Alphabet Inc. Class A 4.15% 222,166 $40.5M Add +1.4%
AMZN Amazon.com Inc. 3.57% 180,346 $34.9M Add +1.6%
XLE SS Energy Select Sector 3.41% 365,105 $33.3M Add +1.1%
JPM JPMorgan Chase & Co. 2.37% 114,503 $23.2M Add +1.7%
MRK Merck & Co. Inc. 2.09% 165,006 $20.4M Add +1.9%
XLK SS Technology Select Sector 2.06% 88,753 $20.1M Reduce -0.6%
PG The Procter & Gamble Co. 2.01% 119,236 $19.7M Add +1.8%
AVGO Broadcom Inc. 1.89% 11,475 $18.4M Add +1.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.79% 438,412 $17.4M Add +1.6%
V Visa Inc. Class A 1.75% 65,113 $17.1M Add +2.3%
JNJ Johnson & Johnson 1.70% 113,657 $16.6M Add +1.3%
ADBE Adobe Inc. 1.69% 29,713 $16.5M Add +0.6%
LIN Linde PLC 1.66% 36,843 $16.2M Add +0.9%
WMT Walmart Inc. 1.62% 232,942 $15.8M Add +2.2%
NEE Nextera Energy Inc. 1.55% 213,844 $15.1M Add +1.3%
KO The Coca-Cola Co. 1.55% 237,636 $15.1M Add +1.1%
VIG Vanguard Dividend Apprec ETF 1.55% 82,672 $15.1M Add +0.4%
PEP Pepsico Inc. 1.53% 90,342 $14.9M Add +2.7%
ABT Abbott Laboratories 1.45% 135,922 $14.1M Add +1.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.36% 120,607 $13.3M Add +1.5%
UNP Union Pacific Corp. 1.27% 54,926 $12.4M Add +2.3%
ETN Eaton Corp. PLC 1.23% 38,218 $12.0M Add +0.3%
HON Honeywell International Inc. 1.22% 55,866 $11.9M Add +1.4%
IJH iShares Core S&P Midcap ETF 1.20% 199,765 $11.7M Add +1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.19% 67,176 $11.6M Add +1.3%
XLF SS Financial Select Sector 1.15% 272,965 $11.2M Reduce -0.6%
XYL Xylem Inc. 1.14% 81,982 $11.1M Add +2.6%
ICE Intercontinental Exchange Inc. 1.07% 76,291 $10.4M Add +1.4%
XLI SS Industrial Select Sector 1.04% 83,416 $10.2M Reduce -0.6%
SPEM State Street SP PTF Em ETF 1.03% 266,686 $10.0M Add +1.8%
PGR Progressive Corp. 1.00% 46,925 $9.7M Add +0.5%
ZTS Zoetis Inc. 1.00% 56,164 $9.7M Add +3.4%
UNH Unitedhealth Group Inc. 0.99% 18,910 $9.6M Add +2.5%
CRM Salesforce Inc. 0.97% 36,767 $9.5M Add +1.2%
BDX Becton Dickinson and Co. 0.86% 35,904 $8.4M Add +3.0%
HD Home Depot Inc. 0.86% 24,257 $8.4M Reduce -0.1%
VZ Verizon Communications Inc. 0.83% 196,789 $8.1M Add +2.5%
XLV SS Health Care Select Sector 0.82% 54,998 $8.0M Reduce -0.6%
XLY SS Consumer Disc Select Sect 0.81% 43,177 $7.9M Reduce -0.6%
ECL Ecolab Inc. 0.78% 32,116 $7.6M Add +1.4%
ITOT iShares Core S&P Total U.S. 0.71% 58,133 $6.9M Reduce -0.1%
NSRGY Nestle SA-Spons ADR 0.70% 66,637 $6.8M Add +3.6%
PLD Prologis Inc. 0.67% 58,634 $6.6M Add +1.6%
PANW Palo Alto Networks Inc. 0.61% 17,638 $6.0M Add +0.4%
ANET Arista Networks Inc. 0.61% 16,949 $5.9M New
RIO Rio Tinto PLC-Spon ADR 0.61% 89,978 $5.9M Add +0.9%
IBB iShares Biotechnology ETF 0.58% 41,387 $5.7M Add +1.9%
META Meta Platforms Inc. Class A 0.57% 11,094 $5.6M Reduce -0.6%
XLC SS Comm Select Sector SPDR 0.57% 64,548 $5.5M Reduce -0.6%
XOM Exxon Mobil Corp. 0.52% 44,317 $5.1M Add +1.3%
BRK.B Berkshire Hathaway Inc. Class B 0.52% 12,374 $5.0M Reduce -0.4%
ORLY O'reilly Automotive Inc. 0.50% 4,579 $4.8M New
NOW ServiceNow Inc. 0.43% 5,355 $4.2M Add +1.2%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.30% 43,342 $3.0M Reduce -0.6%
XLRE SS Real Estate Select Sector 0.30% 76,050 $2.9M Reduce -0.6%
GOOG Alphabet Inc. Class C 0.29% 15,191 $2.8M Add +1.9%
TSLA Tesla Inc. 0.28% 13,692 $2.7M Reduce -0.6%
ABBV Abbvie Inc. 0.25% 14,345 $2.5M Add +0.5%
ADP Automatic Data Processing 0.25% 10,125 $2.4M Add +1.0%
DSI iShares ESG MSCI KLD 400 ETF 0.25% 23,248 $2.4M Add +0.3%
MCD McDonald's Corp. 0.20% 7,770 $2.0M Reduce -0.2%
COST Costco Wholesale Corp. 0.20% 2,309 $2.0M Reduce -0.5%
CSCO Cisco Systems Inc. 0.17% 34,973 $1.7M Add +1.5%
IVV iShares Core S&P 500 ETF 0.17% 3,020 $1.7M No change
LLY Eli Lilly & Co. 0.14% 1,554 $1.4M Reduce -0.9%
EMR Emerson Electric Co. 0.14% 12,098 $1.3M Add +0.6%
GLDM SPDR Gold Minishares Trust 0.14% 28,711 $1.3M No change
MA Mastercard Inc. Class A 0.13% 2,880 $1.3M Add +2.3%
SYK Stryker Corp. 0.12% 3,521 $1.2M No change
INTU Intuit Inc. 0.12% 1,819 $1.2M Reduce -6.4%
ACN Accenture PLC Class A 0.12% 3,789 $1.1M Add +6.1%
GLD SPDR Gold Shares 0.12% 5,318 $1.1M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.11% 10,823 $1.1M Reduce -0.6%
ADI Analog Devices Inc. 0.11% 4,698 $1.1M Add +15.5%
XLB SS Materials Select Sector 0.10% 11,478 $1.0M Reduce -0.6%
CVX Chevron Corp. 0.10% 6,156 $963K Add +1.6%
CHD Church & Dwight Co. Inc. 0.09% 8,520 $883K No change
INTC Intel Corp. 0.09% 26,997 $836K Reduce -2.1%
APD Air Products & Chemicals Inc. 0.08% 3,120 $805K No change
RTX RTX Corp. 0.08% 7,795 $783K No change
FISV Fiserv Inc. 0.08% 5,096 $760K No change
CMCSA Comcast Corp. Class A 0.07% 17,063 $668K Reduce -0.9%
PFE Pfizer Inc. 0.06% 22,333 $625K Reduce -10.1%
BRK.A Berkshire Hathaway Inc. Class A 0.06% 1 $612K No change
DHR Danaher Corp. 0.06% 2,390 $597K No change
RY Royal Bank of Canada 0.06% 5,600 $596K No change
NKE Nike Inc. Class B 0.06% 7,833 $590K Add +0.8%
ITW Illinois Tool Works 0.06% 2,449 $580K No change
PNC PNC Financial Services Group 0.05% 3,317 $516K No change
USB US Bancorp 0.05% 12,892 $512K Add +1.7%
CNI Canadian Natl Railway Co. 0.05% 4,210 $497K No change
EW Edwards Lifesciences Corp. 0.05% 5,285 $488K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 842 $458K New
WY Weyerhaeuser Co. 0.05% 16,101 $457K No change
YUM Yum! Brands Inc. 0.05% 3,382 $448K Add +4.5%
BA The Boeing Co. 0.05% 2,436 $443K Reduce -0.0%
CAT Caterpillar Inc. 0.04% 1,307 $435K No change
BIIB Biogen Inc. 0.04% 1,869 $433K No change
GPC Genuine Parts Co. 0.04% 2,950 $408K Add +3.0%
DD Dupont DE Nemours Inc. 0.04% 4,991 $402K No change
CARR Carrier Global Corp. 0.04% 6,175 $390K No change
PRGS Progress Software Corp. 0.04% 7,120 $386K No change
BMY Bristol-Myers Squibb Co. 0.04% 9,255 $384K Reduce -93.4%
STT State Street Corp. 0.04% 5,035 $373K No change
TGT Target Corp. 0.04% 2,472 $366K No change
PAYX Paychex Inc. 0.04% 2,884 $342K Add +5.8%
QCOM Qualcomm Inc. 0.03% 1,680 $335K No change
ROP Roper Technologies Inc. 0.03% 555 $313K No change
MMM 3M Co. 0.03% 3,038 $310K No change
AXSM Axsome Therapeutics Inc. 0.03% 3,840 $309K No change
NVCT Nuvectis Pharma Inc. 0.03% 47,419 $300K Add +39.5%
SBUX Starbucks Corp. 0.03% 3,752 $292K Reduce -2.6%
PCAR Paccar Inc. 0.03% 2,821 $290K Reduce -1.9%
IEF iShares 7-10 Year Treasury B 0.03% 2,992 $280K Reduce -0.4%
OTIS Otis Worldwide Corp. 0.03% 2,856 $275K No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.03% 6,000 $274K No change
CTVA Corteva Inc. 0.03% 4,983 $269K No change
DOW Dow Inc. 0.03% 4,915 $261K No change
GE General Electric filed as GE AEROSPACE 0.03% 1,625 $258K No change
SPGI S&P Global Inc. 0.03% 569 $254K No change
ISRG Intuitive Surgical Inc. 0.03% 555 $247K No change
JPST JPMorgan Ultra-Short Income 0.03% 4,842 $244K No change
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.03% 4,801 $244K No change
CHKP Check Point Software Tech 0.02% 1,420 $234K Reduce -6.6%
ORCL Oracle Corp. 0.02% 1,626 $230K No change
REGN Regeneron Pharmaceuticals 0.02% 199 $209K New
AMT American Tower Corp. 0.02% 1,057 $205K No change
WM Waste Management Inc. 0.02% 959 $205K New
XAIR Beyond Air Inc. 0.00% 35,020 $19K No change

Portfolio Sells Q1 2024 → Q2 2024
BMY Bristol-Myers Squibb Co. Reduce -93.4% 0.04% −0.79
APTV Aptiv Irish Holdings Ltd. Sold out 0.00% −0.38
HD Home Depot Inc. Reduce -0.1% 0.86% −0.15
XLF SS Financial Select Sector Reduce -0.6% 1.15% −0.10
XLI SS Industrial Select Sector Reduce -0.6% 1.04% −0.10
XLV SS Health Care Select Sector Reduce -0.6% 0.82% −0.06
XLY SS Consumer Disc Select Sect Reduce -0.6% 0.81% −0.06
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.4% 0.52% −0.05
INTC Intel Corp. Reduce -2.1% 0.09% −0.05
MCD McDonald's Corp. Reduce -0.2% 0.20% −0.04
DIS The Walt Disney Co. Reduce -0.6% 0.11% −0.03
XLRE SS Real Estate Select Sector Reduce -0.6% 0.30% −0.03
URI United Rentals Inc. Sold out 0.00% −0.02
ITOT iShares Core S&P Total U.S. Reduce -0.1% 0.71% −0.02
INTU Intuit Inc. Reduce -6.4% 0.12% −0.01
META Meta Platforms Inc. Class A Reduce -0.6% 0.57% −0.01
CMCSA Comcast Corp. Class A Reduce -0.9% 0.07% −0.01
XLB SS Materials Select Sector Reduce -0.6% 0.10% −0.01
PFE Pfizer Inc. Reduce -10.1% 0.06% −0.01
PCAR Paccar Inc. Reduce -1.9% 0.03% −0.01
XLC SS Comm Select Sector SPDR Reduce -0.6% 0.57% −0.01
SBUX Starbucks Corp. Reduce -2.6% 0.03% −0.01
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -0.6% 0.30% −0.01
BA The Boeing Co. Reduce -0.0% 0.05% −0.01
LOW Lowe's Cos Inc. Sold out 0.00% −0.01
CHKP Check Point Software Tech Reduce -6.6% 0.02% −0.00
IEF iShares 7-10 Year Treasury B Reduce -0.4% 0.03% −0.00
LLY Eli Lilly & Co. Reduce -0.9% 0.14% +0.01
TSLA Tesla Inc. Reduce -0.6% 0.28% +0.02
COST Costco Wholesale Corp. Reduce -0.5% 0.20% +0.02
XLK SS Technology Select Sector Reduce -0.6% 2.06% +0.04

Portfolio Buys Q1 2024 → Q2 2024
NVDA Nvidia Corp. Add +1.1% 6.18% +1.45
AAPL Apple Inc. Add +1.6% 5.28% +0.80
ANET Arista Networks Inc. New 0.61% +0.61
GOOGL Alphabet Inc. Class A Add +1.4% 4.15% +0.56
ORLY O'reilly Automotive Inc. New 0.50% +0.50
AVGO Broadcom Inc. Add +1.1% 1.89% +0.26
MSFT Microsoft Corp. Add +1.4% 7.14% +0.13
WMT Walmart Inc. Add +2.2% 1.62% +0.13
AMZN Amazon.com Inc. Add +1.6% 3.57% +0.10
NEE Nextera Energy Inc. Add +1.3% 1.55% +0.09
ADBE Adobe Inc. Add +0.6% 1.69% +0.08
PANW Palo Alto Networks Inc. Add +0.4% 0.61% +0.07
TJX TJX Companies Inc. Add +1.5% 1.36% +0.05
IAU iShares Gold Trust Add +1.9% 6.26% +0.05
SPY SS SPDR S&P 500 ETF Trust-US New 0.05% +0.05
GOOG Alphabet Inc. Class C Add +1.9% 0.29% +0.04
ADI Analog Devices Inc. Add +15.5% 0.11% +0.02
REGN Regeneron Pharmaceuticals New 0.02% +0.02
WM Waste Management Inc. New 0.02% +0.02
XYL Xylem Inc. Add +2.6% 1.14% +0.02
BAC Bank of America Corp. Add +1.6% 1.79% +0.01
SPEM State Street SP PTF Em ETF Add +1.8% 1.03% +0.00
ZTS Zoetis Inc. Add +3.4% 1.00% +0.00
NVCT Nuvectis Pharma Inc. Add +39.5% 0.03% +0.00
PAYX Paychex Inc. Add +5.8% 0.04% −0.00
UNH Unitedhealth Group Inc. Add +2.5% 0.99% −0.00
YUM Yum! Brands Inc. Add +4.5% 0.05% −0.00
HON Honeywell International Inc. Add +1.4% 1.22% −0.00
CVX Chevron Corp. Add +1.6% 0.10% −0.01
NOW ServiceNow Inc. Add +1.2% 0.43% −0.01
DSI iShares ESG MSCI KLD 400 ETF Add +0.3% 0.25% −0.01
GPC Genuine Parts Co. Add +3.0% 0.04% −0.01
RIO Rio Tinto PLC-Spon ADR Add +0.9% 0.61% −0.01
USB US Bancorp Add +1.7% 0.05% −0.01
KO The Coca-Cola Co. Add +1.1% 1.55% −0.01
ECL Ecolab Inc. Add +1.4% 0.78% −0.01
EMR Emerson Electric Co. Add +0.6% 0.14% −0.01
CSCO Cisco Systems Inc. Add +1.5% 0.17% −0.02
ACN Accenture PLC Class A Add +6.1% 0.12% −0.02
MA Mastercard Inc. Class A Add +2.3% 0.13% −0.02
NKE Nike Inc. Class B Add +0.8% 0.06% −0.02
IBB iShares Biotechnology ETF Add +1.9% 0.58% −0.02
ADP Automatic Data Processing Add +1.0% 0.25% −0.02
XOM Exxon Mobil Corp. Add +1.3% 0.52% −0.03
ABBV Abbvie Inc. Add +0.5% 0.25% −0.03
NSRGY Nestle SA-Spons ADR Add +3.6% 0.70% −0.04
VZ Verizon Communications Inc. Add +2.5% 0.83% −0.04
PG The Procter & Gamble Co. Add +1.8% 2.01% −0.05
PGR Progressive Corp. Add +0.5% 1.00% −0.05
ICE Intercontinental Exchange Inc. Add +1.4% 1.07% −0.05

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