Forbes J M & Co. LLP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 24, 2024), Forbes J M & Co. LLP reported 138 stock positions worth $1.0 billion. Its top holding was iShares Gold Trust (IAU) at 6.7% of the portfolio, followed by Microsoft (MSFT, 6.5%) and Nvidia (NVDA, 5.8%). Compared with Q2 2024, it opened 6 new positions, sold out of 1, added to 36 and reduced 55. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001067532
Portfolio Value
$1.0B (Q3 2024)
SEC Filing
0001140361-24-044093 ↗ filed Oct 24, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $922.6M Q1 2024 Q2 2024: $975.9M Q2 2024 Q3 2024: $1.0B $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 138 stocks · $1.0B
IAU iShares Gold Trust 6.72% 1,384,211 $68.8M Reduce -0.4%
MSFT Microsoft Corp. 6.49% 154,531 $66.5M Reduce -0.9%
NVDA Nvidia Corp. 5.80% 488,997 $59.4M Add +0.2%
AAPL Apple Inc. 5.57% 244,614 $57.0M Add +0.0%
GOOGL Alphabet Inc. Class A 3.56% 219,815 $36.5M Reduce -1.1%
AMZN Amazon.com Inc. 3.26% 179,412 $33.4M Reduce -0.5%
XLE SS Energy Select Sector 3.10% 361,846 $31.8M Reduce -0.9%
JPM JPMorgan Chase & Co. 2.34% 113,744 $24.0M Reduce -0.7%
PG The Procter & Gamble Co. 1.99% 117,580 $20.4M Reduce -1.4%
XLK SS Technology Select Sector 1.96% 88,753 $20.0M No change
AVGO Broadcom Inc. 1.91% 113,500 $19.6M Reduce -1.1%
WMT Walmart Inc. 1.82% 230,389 $18.6M Reduce -1.1%
MRK Merck & Co. Inc. 1.80% 162,736 $18.5M Reduce -1.4%
JNJ Johnson & Johnson 1.78% 112,605 $18.2M Reduce -0.9%
NEE Nextera Energy Inc. 1.75% 212,302 $17.9M Reduce -0.7%
V Visa Inc. Class A 1.72% 64,054 $17.6M Reduce -1.6%
LIN Linde PLC 1.71% 36,668 $17.5M Reduce -0.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.69% 436,237 $17.3M Reduce -0.5%
KO The Coca-Cola Co. 1.66% 235,908 $17.0M Reduce -0.7%
VIG Vanguard Dividend Apprec ETF 1.60% 82,589 $16.4M Reduce -0.1%
ABT Abbott Laboratories 1.51% 135,188 $15.4M Reduce -0.5%
ADBE Adobe Inc. 1.50% 29,727 $15.4M Add +0.1%
PEP Pepsico Inc. 1.47% 88,590 $15.1M Reduce -1.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.44% 66,659 $14.7M Reduce -0.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.38% 120,457 $14.2M Reduce -0.1%
UNP Union Pacific Corp. 1.30% 53,935 $13.3M Reduce -1.8%
ETN Eaton Corp. PLC 1.24% 38,293 $12.7M Add +0.2%
IJH iShares Core S&P Midcap ETF 1.21% 199,575 $12.4M Reduce -0.1%
XLF SS Financial Select Sector 1.21% 272,965 $12.4M No change
ICE Intercontinental Exchange Inc. 1.19% 75,917 $12.2M Reduce -0.5%
PGR Progressive Corp. 1.16% 46,957 $11.9M Add +0.1%
HON Honeywell International Inc. 1.12% 55,379 $11.4M Reduce -0.9%
XLI SS Industrial Select Sector 1.10% 83,416 $11.3M No change
XYL Xylem Inc. 1.07% 80,951 $10.9M Reduce -1.3%
SPEM State Street SP PTF Em ETF 1.06% 263,425 $10.9M Reduce -1.2%
UNH Unitedhealth Group Inc. 1.06% 18,551 $10.8M Reduce -1.9%
ZTS Zoetis Inc. 1.04% 54,599 $10.7M Reduce -2.8%
CRM Salesforce Inc. 0.98% 36,628 $10.0M Reduce -0.4%
HD Home Depot Inc. 0.96% 24,331 $9.9M Add +0.3%
VZ Verizon Communications Inc. 0.84% 192,659 $8.7M Reduce -2.1%
XLY SS Consumer Disc Select Sect 0.84% 43,177 $8.7M No change
XLV SS Health Care Select Sector 0.83% 54,998 $8.5M No change
BDX Becton Dickinson and Co. 0.82% 34,872 $8.4M Reduce -2.9%
ECL Ecolab Inc. 0.80% 32,041 $8.2M Reduce -0.2%
PLD Prologis Inc. 0.71% 57,867 $7.3M Reduce -1.3%
ITOT iShares Core S&P Total U.S. 0.71% 58,060 $7.3M Reduce -0.1%
ANET Arista Networks Inc. 0.64% 17,012 $6.5M Add +0.4%
NSRGY Nestle SA-Spons ADR 0.63% 64,419 $6.5M Reduce -3.3%
META Meta Platforms Inc. Class A 0.63% 11,231 $6.4M Add +1.2%
RIO Rio Tinto PLC-Spon ADR 0.62% 89,315 $6.4M Reduce -0.7%
PANW Palo Alto Networks Inc. 0.59% 17,710 $6.1M Add +0.4%
IBB iShares Biotechnology ETF 0.58% 40,910 $6.0M Reduce -1.1%
XLC SS Comm Select Sector SPDR 0.57% 64,548 $5.8M No change
BRK.B Berkshire Hathaway Inc. Class B 0.56% 12,396 $5.7M Add +0.2%
ORLY O'reilly Automotive Inc. 0.52% 4,636 $5.3M Add +1.2%
XOM Exxon Mobil Corp. 0.51% 44,222 $5.2M Reduce -0.2%
NOW ServiceNow Inc. 0.47% 5,403 $4.8M Add +0.9%
TSLA Tesla Inc. 0.35% 13,628 $3.6M Reduce -0.5%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.34% 43,342 $3.5M No change
XLRE SS Real Estate Select Sector 0.33% 76,050 $3.4M No change
ABBV Abbvie Inc. 0.28% 14,345 $2.8M No change
DSI iShares ESG MSCI KLD 400 ETF 0.28% 25,917 $2.8M Add +11.5%
ADP Automatic Data Processing 0.27% 10,124 $2.8M Reduce -0.0%
GOOG Alphabet Inc. Class C 0.26% 15,712 $2.6M Add +3.4%
MCD McDonald's Corp. 0.23% 7,899 $2.4M Add +1.7%
COST Costco Wholesale Corp. 0.21% 2,383 $2.1M Add +3.2%
CSCO Cisco Systems Inc. 0.18% 34,417 $1.8M Reduce -1.6%
IVV iShares Core S&P 500 ETF 0.17% 3,100 $1.8M Add +2.6%
GLDM SPDR Gold Minishares Trust 0.15% 28,711 $1.5M No change
LLY Eli Lilly & Co. 0.14% 1,609 $1.4M Add +3.5%
MA Mastercard Inc. Class A 0.14% 2,880 $1.4M No change
ACN Accenture PLC Class A 0.13% 3,770 $1.3M Reduce -0.5%
SYK Stryker Corp. 0.13% 3,648 $1.3M Add +3.6%
EMR Emerson Electric Co. 0.13% 12,023 $1.3M Reduce -0.6%
GLD SPDR Gold Shares 0.13% 5,318 $1.3M No change
INTU Intuit Inc. 0.11% 1,848 $1.1M Add +1.6%
XLB SS Materials Select Sector 0.11% 11,478 $1.1M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.10% 10,858 $1.0M Add +0.3%
DNA Ginkgo Bioworks Holdings Inc. 0.10% 125,000 $1.0M New
RTX RTX Corp. 0.10% 8,144 $987K Add +4.5%
FISV Fiserv Inc. 0.09% 5,321 $956K Add +4.4%
APD Air Products & Chemicals Inc. 0.09% 3,120 $929K No change
ADI Analog Devices Inc. 0.09% 4,000 $921K Reduce -14.9%
CVX Chevron Corp. 0.09% 6,154 $906K Reduce -0.0%
CHD Church & Dwight Co. Inc. 0.09% 8,520 $892K No change
CMCSA Comcast Corp. Class A 0.07% 16,977 $709K Reduce -0.5%
DHR Danaher Corp. 0.07% 2,517 $700K Add +5.3%
RY Royal Bank of Canada 0.07% 5,600 $698K No change
NKE Nike Inc. Class B 0.07% 7,883 $697K Add +0.6%
BRK.A Berkshire Hathaway Inc. Class A 0.07% 1 $691K No change
INTC Intel Corp. 0.06% 27,077 $635K Add +0.3%
ITW Illinois Tool Works 0.06% 2,399 $629K Reduce -2.0%
PNC PNC Financial Services Group 0.06% 3,317 $613K No change
PFE Pfizer Inc. 0.06% 20,742 $600K Reduce -7.1%
USB US Bancorp 0.06% 12,677 $580K Reduce -1.7%
WY Weyerhaeuser Co. 0.05% 16,101 $545K No change
CAT Caterpillar Inc. 0.05% 1,307 $511K No change
CARR Carrier Global Corp. 0.05% 6,175 $497K No change
CNI Canadian Natl Railway Co. 0.05% 4,210 $493K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 842 $483K No change

Show all 138 holdings

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -0.9% 6.49% −0.65
GOOGL Alphabet Inc. Class A Reduce -1.1% 3.56% −0.59
XLE SS Energy Select Sector Reduce -0.9% 3.10% −0.31
AMZN Amazon.com Inc. Reduce -0.5% 3.26% −0.31
MRK Merck & Co. Inc. Reduce -1.4% 1.80% −0.29
HON Honeywell International Inc. Reduce -0.9% 1.12% −0.10
BAC Bank of America Corp. Reduce -0.5% 1.69% −0.10
XYL Xylem Inc. Reduce -1.3% 1.07% −0.07
NSRGY Nestle SA-Spons ADR Reduce -3.3% 0.63% −0.07
PEP Pepsico Inc. Reduce -1.9% 1.47% −0.06
BDX Becton Dickinson and Co. Reduce -2.9% 0.82% −0.04
V Visa Inc. Class A Reduce -1.6% 1.72% −0.03
JPM JPMorgan Chase & Co. Reduce -0.7% 2.34% −0.03
PG The Procter & Gamble Co. Reduce -1.4% 1.99% −0.03
WM Waste Management Inc. Sold out 0.00% −0.02
ADI Analog Devices Inc. Reduce -14.9% 0.09% −0.02
XOM Exxon Mobil Corp. Reduce -0.2% 0.51% −0.02
CVX Chevron Corp. Reduce -0.0% 0.09% −0.01
EMR Emerson Electric Co. Reduce -0.6% 0.13% −0.01
PFE Pfizer Inc. Reduce -7.1% 0.06% −0.01
GPC Genuine Parts Co. Reduce -2.9% 0.04% −0.00
YUM Yum! Brands Inc. Reduce -4.3% 0.04% −0.00
IEF iShares 7-10 Year Treasury B Reduce -1.7% 0.03% −0.00
IBB iShares Biotechnology ETF Reduce -1.1% 0.58% −0.00
CMCSA Comcast Corp. Class A Reduce -0.5% 0.07% +0.00
BMY Bristol-Myers Squibb Co. Reduce -13.3% 0.04% +0.00
ITW Illinois Tool Works Reduce -2.0% 0.06% +0.00
AMT American Tower Corp. Reduce -0.2% 0.02% +0.00
USB US Bancorp Reduce -1.7% 0.06% +0.00
ITOT iShares Core S&P Total U.S. Reduce -0.1% 0.71% +0.00
CSCO Cisco Systems Inc. Reduce -1.6% 0.18% +0.01
CRM Salesforce Inc. Reduce -0.4% 0.98% +0.01
ACN Accenture PLC Class A Reduce -0.5% 0.13% +0.01
RIO Rio Tinto PLC-Spon ADR Reduce -0.7% 0.62% +0.01
VZ Verizon Communications Inc. Reduce -2.1% 0.84% +0.01
ECL Ecolab Inc. Reduce -0.2% 0.80% +0.02
IJH iShares Core S&P Midcap ETF Reduce -0.1% 1.21% +0.02
TJX TJX Companies Inc. Reduce -0.1% 1.38% +0.02
AVGO Broadcom Inc. Reduce -1.1% 1.91% +0.02
UNP Union Pacific Corp. Reduce -1.8% 1.30% +0.02
ADP Automatic Data Processing Reduce -0.0% 0.27% +0.03
SPEM State Street SP PTF Em ETF Reduce -1.2% 1.06% +0.03
PLD Prologis Inc. Reduce -1.3% 0.71% +0.04
ZTS Zoetis Inc. Reduce -2.8% 1.04% +0.04
VIG Vanguard Dividend Apprec ETF Reduce -0.1% 1.60% +0.05
LIN Linde PLC Reduce -0.5% 1.71% +0.05
ABT Abbott Laboratories Reduce -0.5% 1.51% +0.06
TSLA Tesla Inc. Reduce -0.5% 0.35% +0.07
UNH Unitedhealth Group Inc. Reduce -1.9% 1.06% +0.07
JNJ Johnson & Johnson Reduce -0.9% 1.78% +0.08

Portfolio Buys Q2 2024 → Q3 2024
AAPL Apple Inc. Add +0.0% 5.57% +0.29
PGR Progressive Corp. Add +0.1% 1.16% +0.17
HD Home Depot Inc. Add +0.3% 0.96% +0.11
DNA Ginkgo Bioworks Holdings Inc. New 0.10% +0.10
META Meta Platforms Inc. Class A Add +1.2% 0.63% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +0.2% 0.56% +0.04
NOW ServiceNow Inc. Add +0.9% 0.47% +0.04
MCD McDonald's Corp. Add +1.7% 0.23% +0.03
ANET Arista Networks Inc. Add +0.4% 0.64% +0.03
CINF Cincinnati Financial Corp. New 0.03% +0.03
DSI iShares ESG MSCI KLD 400 ETF Add +11.5% 0.28% +0.03
ORLY O'reilly Automotive Inc. Add +1.2% 0.52% +0.03
LMT Lockheed Martin Corp. New 0.02% +0.02
URI United Rentals Inc. New 0.02% +0.02
SO The Southern Co. New 0.02% +0.02
PWCDF Power Corp. of Canada New 0.02% +0.02
RTX RTX Corp. Add +4.5% 0.10% +0.02
FISV Fiserv Inc. Add +4.4% 0.09% +0.02
ORCL Oracle Corp. Add +32.7% 0.04% +0.01
ETN Eaton Corp. PLC Add +0.2% 1.24% +0.01
SBUX Starbucks Corp. Add +8.2% 0.04% +0.01
NKE Nike Inc. Class B Add +0.6% 0.07% +0.01
DHR Danaher Corp. Add +5.3% 0.07% +0.01
STT State Street Corp. Add +1.5% 0.04% +0.01
SYK Stryker Corp. Add +3.6% 0.13% +0.01
IVV iShares Core S&P 500 ETF Add +2.6% 0.17% +0.01
COST Costco Wholesale Corp. Add +3.2% 0.21% +0.01
ISRG Intuitive Surgical Inc. Add +13.0% 0.03% +0.00
GE General Electric Add +0.3% 0.03% +0.00
CTVA Corteva Inc. Add +2.5% 0.03% +0.00
ROP Roper Technologies Inc. Add +11.2% 0.03% +0.00
REGN Regeneron Pharmaceuticals Add +4.0% 0.02% −0.00
NVCT Nuvectis Pharma Inc. Add +2.1% 0.03% −0.00
LLY Eli Lilly & Co. Add +3.5% 0.14% −0.01
DIS The Walt Disney Co. Add +0.3% 0.10% −0.01
INTU Intuit Inc. Add +1.6% 0.11% −0.01
EW Edwards Lifesciences Corp. Add +6.2% 0.04% −0.01
PANW Palo Alto Networks Inc. Add +0.4% 0.59% −0.02
INTC Intel Corp. Add +0.3% 0.06% −0.02
GOOG Alphabet Inc. Class C Add +3.4% 0.26% −0.03
ADBE Adobe Inc. Add +0.1% 1.50% −0.19
NVDA Nvidia Corp. Add +0.2% 5.80% −0.38

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