Forbes J M & Co. LLP

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 16, 2026), Forbes J M & Co. LLP reported 150 stock positions worth $1.2 billion. Its top holding was iShares Gold Trust (IAU) at 6.9% of the portfolio, followed by Nvidia (NVDA, 6.1%) and Alphabet Class A (GOOGL, 5.6%). Compared with Q4 2025, it opened 12 new positions, sold out of 3, added to 61 and reduced 29. The biggest buy was SS Energy Select Sector (XLE, shares +0%) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001067532
Portfolio Value
$1.2B (Q1 2026)
SEC Filing
0001140361-26-015061 ↗ filed Apr 16, 2026

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 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 $1.2B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 150 stocks · $1.2B
IAU iShares Gold Trust 6.85% 918,801 $81.0M Reduce -22.3%
NVDA Nvidia Corp. 6.12% 414,919 $72.4M Add +0.6%
GOOGL Alphabet Inc. Class A 5.56% 228,733 $65.8M Add +0.5%
AAPL Apple Inc. 5.33% 248,512 $63.1M Add +0.9%
MSFT Microsoft Corp. 4.92% 157,067 $58.1M Reduce -0.4%
XLE SS Energy Select Sector 3.99% 769,522 $47.1M Add +0.4%
AMZN Amazon.com Inc. 3.37% 191,131 $39.8M Add +0.5%
AVGO Broadcom Inc. 3.11% 118,803 $36.8M Add +0.1%
JPM JPMorgan Chase & Co. 2.48% 99,612 $29.3M Add +1.1%
JNJ Johnson & Johnson 2.43% 117,624 $28.8M Add +0.8%
XLK SS Technology Select Sector 1.97% 174,978 $23.3M Add +0.1%
WMT Walmart Inc. 1.96% 186,185 $23.1M Add +0.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.93% 466,961 $22.8M Add +0.6%
MRK Merck & Co. Inc. 1.75% 171,751 $20.7M Add +0.5%
NEE Nextera Energy Inc. 1.72% 219,492 $20.4M Add +0.4%
V Visa Inc. Class A 1.72% 67,169 $20.3M Add +0.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.70% 125,603 $20.1M Add +0.2%
VIG Vanguard Dividend Apprec ETF 1.64% 90,424 $19.4M Add +2.9%
LIN Linde PLC 1.64% 39,025 $19.3M Add +1.2%
KO The Coca-Cola Co. 1.61% 250,717 $19.1M Add +0.9%
PG The Procter & Gamble Co. 1.47% 120,440 $17.4M Add +1.3%
IJH iShares Core S&P Midcap ETF 1.25% 219,143 $14.8M Add +1.1%
ETN Eaton Corp. PLC 1.23% 40,570 $14.5M Add +1.1%
ABT Abbott Laboratories 1.23% 141,209 $14.5M Add +1.2%
PEP Pepsico Inc. 1.21% 91,913 $14.3M Add +0.3%
SPEM State Street SP PTF Em ETF 1.16% 291,873 $13.7M Add +1.7%
UNP Union Pacific Corp. 1.15% 56,110 $13.6M Add +0.4%
XLI SS Industrial Select Sector 1.12% 82,117 $13.3M No change
XLF SS Financial Select Sector 1.12% 268,854 $13.3M No change
ICE Intercontinental Exchange Inc. 1.09% 82,014 $12.9M Add +1.3%
EMR Emerson Electric Co. 1.08% 97,470 $12.8M Add +1.7%
IXUS iShares Core Intl Stock ETF 0.92% 125,474 $10.9M Add +2.1%
LLY Eli Lilly & Co. 0.92% 11,812 $10.9M Add +0.6%
XYL Xylem Inc. 0.88% 87,217 $10.4M Add +0.7%
VZ Verizon Communications Inc. 0.87% 203,801 $10.2M Add +1.3%
PGR Progressive Corp. 0.83% 49,720 $9.9M Add +1.0%
CSCO Cisco Systems Inc. 0.81% 123,841 $9.6M Add +1.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.81% 39,603 $9.6M Reduce -44.5%
XLY SS Consumer Disc Select Sect 0.78% 85,054 $9.3M No change
RIO Rio Tinto PLC-Spon ADR 0.77% 98,121 $9.2M Add +1.2%
ECL Ecolab Inc. 0.77% 34,212 $9.1M Add +0.5%
ANET Arista Networks Inc. 0.76% 72,789 $8.9M Add +0.8%
HD Home Depot Inc. 0.71% 25,567 $8.4M Add +1.3%
PLD Prologis Inc. 0.68% 61,109 $8.1M Add +0.7%
ITOT iShares Core S&P Total U.S. 0.68% 56,510 $8.0M Add +0.7%
XLV SS Health Care Select Sector 0.67% 54,169 $7.9M No change
APH Amphenol Corp. Class A 0.67% 62,778 $7.9M New
XOM Exxon Mobil Corp. 0.64% 44,789 $7.6M Reduce -0.3%
IBB iShares Biotechnology ETF 0.62% 43,687 $7.4M Reduce -0.0%
XLC SS Comm Select Sector SPDR 0.60% 63,576 $7.0M No change
ORLY O'reilly Automotive Inc. 0.58% 74,888 $6.9M Add +0.7%
ZTS Zoetis Inc. 0.56% 55,889 $6.6M Add +0.8%
META Meta Platforms Inc. Class A 0.54% 11,217 $6.4M Add +0.2%
DNA Ginkgo Bioworks Holdings Inc. 0.53% 1,028,391 $6.3M Reduce -1.2%
PANW Palo Alto Networks Inc. 0.53% 39,039 $6.3M Add +1.0%
BRK.B Berkshire Hathaway Inc. Class B 0.52% 12,893 $6.2M Add +4.2%
BDX Becton Dickinson and Co. 0.48% 36,418 $5.7M Add +1.1%
TSLA Tesla Inc. 0.42% 13,365 $5.0M Add +0.2%
GOOG Alphabet Inc. Class C 0.41% 16,694 $4.8M Add +4.3%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.33% 85,378 $3.9M No change
DSI iShares ESG MSCI KLD 400 ETF 0.30% 29,299 $3.6M Add +4.1%
ABBV Abbvie Inc. 0.27% 14,444 $3.1M Add +7.5%
XLRE SS Real Estate Select Sector 0.26% 74,904 $3.1M No change
GLDM SPDR Gold Minishares Trust 0.23% 29,211 $2.7M No change
COST Costco Wholesale Corp. 0.20% 2,407 $2.4M No change
MCD McDonald's Corp. 0.20% 7,513 $2.3M Add +2.7%
GLD SPDR Gold Shares 0.20% 5,406 $2.3M No change
IVV iShares Core S&P 500 ETF 0.18% 3,210 $2.1M Add +0.4%
ADP Automatic Data Processing 0.17% 9,646 $2.0M Add +2.1%
MA Mastercard Inc. Class A 0.16% 3,783 $1.9M Add +3.0%
HON Honeywell International Inc. 0.14% 7,556 $1.7M Reduce -3.2%
RTX RTX Corp. 0.12% 7,368 $1.4M Reduce -1.7%
CVX Chevron Corp. 0.12% 6,764 $1.4M Add +1.9%
ADBE Adobe Inc. 0.11% 5,449 $1.3M Reduce -19.0%
INTC Intel Corp. 0.10% 26,796 $1.2M Reduce -0.5%
XLB SS Materials Select Sector 0.10% 22,610 $1.1M No change
ADI Analog Devices Inc. 0.09% 3,496 $1.1M No change
CAT Caterpillar Inc. 0.08% 1,390 $985K No change
CRM Salesforce Inc. 0.08% 5,140 $959K Reduce -8.3%
SYK Stryker Corp. 0.08% 2,805 $922K Reduce -1.6%
RY Royal Bank of Canada 0.08% 5,600 $906K No change
SCHW Schwab (charles) Corp. 0.08% 9,563 $899K Add +0.6%
APD Air Products & Chemicals Inc. 0.08% 3,070 $892K Reduce -1.6%
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.07% 16,558 $875K Reduce -18.1%
JPST JPMorgan Ultra-Short Income 0.07% 15,987 $809K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 8,330 $803K Reduce -17.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 1,138 $740K Add +36.5%
ACN Accenture PLC Class A 0.06% 3,643 $722K Reduce -0.8%
BRK.A Berkshire Hathaway Inc. Class A 0.06% 1 $718K No change
INTU Intuit Inc. 0.06% 1,635 $707K No change
CHD Church & Dwight Co. Inc. 0.06% 7,188 $671K Add +3.7%
BBHL BBH Select Large Cap ETF 0.06% 43,862 $659K Reduce -26.1%
CINF Cincinnati Financial Corp. 0.05% 3,983 $627K Add +99.5%
AXSM Axsome Therapeutics Inc. 0.05% 3,704 $626K No change
ITW Illinois Tool Works 0.05% 2,399 $624K No change
PNC PNC Financial Services Group 0.05% 2,955 $615K No change
USB US Bancorp 0.05% 11,438 $595K No change
BX Blackstone Inc. 0.05% 5,084 $585K Add +24.5%
BMY Bristol-Myers Squibb Co. 0.05% 9,472 $574K No change
NSRGY Nestle SA-Spons ADR 0.05% 5,706 $565K Reduce -8.3%

Show all 150 holdings

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -0.4% 4.92% −1.26
IAU iShares Gold Trust Reduce -22.3% 6.85% −0.92
IBM Intl Business Machines Corp. Reduce -44.5% 0.81% −0.90
NOW ServiceNow Inc. Sold out 0.00% −0.68
DNA Ginkgo Bioworks Holdings Inc. Reduce -1.2% 0.53% −0.17
ADBE Adobe Inc. Reduce -19.0% 0.11% −0.08
CRM Salesforce Inc. Reduce -8.3% 0.08% −0.04
AKRE Akre Focus ETF Reduce -18.1% 0.07% −0.03
DIS The Walt Disney Co. Reduce -17.9% 0.07% −0.03
PRGS Progress Software Corp. Sold out 0.00% −0.02
BBHL BBH Select Large Cap ETF Reduce -26.1% 0.06% −0.02
ACN Accenture PLC Class A Reduce -0.8% 0.06% −0.02
MS Morgan Stanley Sold out 0.00% −0.02
SPGI S&P Global Inc. Reduce -5.9% 0.02% −0.01
FISV Fiserv Inc. Reduce -2.0% 0.02% −0.00
SYK Stryker Corp. Reduce -1.6% 0.08% −0.00
NSRGY Nestle SA-Spons ADR Reduce -8.3% 0.05% −0.00
CMCSA Comcast Corp. Class A Reduce -0.8% 0.04% −0.00
WY Weyerhaeuser Co. Reduce -6.1% 0.03% +0.00
CARR Carrier Global Corp. Reduce -8.3% 0.03% +0.00
IEF iShares 7-10 Year Treasury B Reduce -1.0% 0.02% +0.00
SBUX Starbucks Corp. Reduce -3.1% 0.03% +0.00
DD Dupont DE Nemours Inc. Reduce -0.5% 0.02% +0.00
PFE Pfizer Inc. Reduce -2.1% 0.04% +0.01
Q Qnity Electronics Inc. Reduce -0.5% 0.02% +0.01
CTVA Corteva Inc. Reduce -0.5% 0.04% +0.01
RTX RTX Corp. Reduce -1.7% 0.12% +0.01
APD Air Products & Chemicals Inc. Reduce -1.6% 0.08% +0.01
INTC Intel Corp. Reduce -0.5% 0.10% +0.02
HON Honeywell International Inc. Reduce -3.2% 0.14% +0.02
IBB iShares Biotechnology ETF Reduce -0.0% 0.62% +0.03
XOM Exxon Mobil Corp. Reduce -0.3% 0.64% +0.20

Portfolio Buys Q4 2025 → Q1 2026
XLE SS Energy Select Sector Add +0.4% 3.99% +1.21
APH Amphenol Corp. Class A New 0.67% +0.67
JNJ Johnson & Johnson Add +0.8% 2.43% +0.48
LIN Linde PLC Add +1.2% 1.64% +0.30
NEE Nextera Energy Inc. Add +0.4% 1.72% +0.30
MRK Merck & Co. Inc. Add +0.5% 1.75% +0.29
WMT Walmart Inc. Add +0.5% 1.96% +0.29
KO The Coca-Cola Co. Add +0.9% 1.61% +0.21
VZ Verizon Communications Inc. Add +1.3% 0.87% +0.20
ETN Eaton Corp. PLC Add +1.1% 1.23% +0.19
RIO Rio Tinto PLC-Spon ADR Add +1.2% 0.77% +0.15
PEP Pepsico Inc. Add +0.3% 1.21% +0.14
TJX TJX Companies Inc. Add +0.2% 1.70% +0.14
UNP Union Pacific Corp. Add +0.4% 1.15% +0.10
IJH iShares Core S&P Midcap ETF Add +1.1% 1.25% +0.09
PG The Procter & Gamble Co. Add +1.3% 1.47% +0.09
VIG Vanguard Dividend Apprec ETF Add +2.9% 1.64% +0.08
IXUS iShares Core Intl Stock ETF Add +2.1% 0.92% +0.08
SPEM State Street SP PTF Em ETF Add +1.7% 1.16% +0.07
PLD Prologis Inc. Add +0.7% 0.68% +0.06
EMR Emerson Electric Co. Add +1.7% 1.08% +0.05
CSCO Cisco Systems Inc. Add +1.3% 0.81% +0.05
ECL Ecolab Inc. Add +0.5% 0.77% +0.05
IWF iShares Russell 1000 Growth New 0.04% +0.04
CVX Chevron Corp. Add +1.9% 0.12% +0.04
ORLY O'reilly Automotive Inc. Add +0.7% 0.58% +0.04
VEA Vanguard Ftse Developed ETF New 0.03% +0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.03% +0.03
ICE Intercontinental Exchange Inc. Add +1.3% 1.09% +0.03
CINF Cincinnati Financial Corp. Add +99.5% 0.05% +0.03
GLW Corning Inc. New 0.03% +0.03
VWO Vanguard Ftse Emerging Marke New 0.02% +0.02
LMT Lockheed Martin Corp. New 0.02% +0.02
GEV GE Vernova Inc. New 0.02% +0.02
VEU Vanguard Ftse All-World Ex-U New 0.02% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +4.2% 0.52% +0.02
IWD iShares Russell 1000 Value E New 0.02% +0.02
BWXT BWX Technologies Inc. New 0.02% +0.02
ABBV Abbvie Inc. Add +7.5% 0.27% +0.02
VB Vanguard Most SM-Cap ETF-Usd New 0.02% +0.02
MCD McDonald's Corp. Add +2.7% 0.20% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +36.5% 0.06% +0.02
EPD Enterprise Products Partners Add +23.5% 0.03% +0.01
CHD Church & Dwight Co. Inc. Add +3.7% 0.06% +0.01
HD Home Depot Inc. Add +1.3% 0.71% +0.01
DSI iShares ESG MSCI KLD 400 ETF Add +4.1% 0.30% +0.01
ITOT iShares Core S&P Total U.S. Add +0.7% 0.68% +0.01
IVV iShares Core S&P 500 ETF Add +0.4% 0.18% 0.00
SCHW Schwab (charles) Corp. Add +0.6% 0.08% −0.00
BX Blackstone Inc. Add +24.5% 0.05% −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