# FORBES J M & CO LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1067532. Source: https://holderbook.com/funds/1067532-forbes-j-m-co-llp/

- Reported value: $1.3B
- Positions: 159
- Weight of the ten largest: 43.3%
- Filed: 2026-07-20

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $82.5M | 412,311 | 6.5% | 24 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $73.2M | 204,912 | 5.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $71.9M | 248,462 | 5.7% | 31 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $68.8M | 911,672 | 5.4% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $58.1M | 155,852 | 4.6% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $45.4M | 190,368 | 3.6% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $44.6M | 118,169 | 3.5% | 24 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $40.7M | 765,897 | 3.2% | 22 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $33.3M | 174,978 | 2.6% | 13 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $32.7M | 99,800 | 2.6% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $29.8M | 117,524 | 2.3% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $26.5M | 464,349 | 2.1% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $23.0M | 66,993 | 1.8% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $22.0M | 171,186 | 1.7% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $21.3M | 89,951 | 1.7% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $21.1M | 185,909 | 1.7% | 25 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $20.3M | 249,886 | 1.6% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $20.2M | 38,859 | 1.6% | 14 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $19.2M | 218,837 | 1.5% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $18.9M | 124,913 | 1.5% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $17.6M | 120,006 | 1.4% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $17.2M | 40,347 | 1.4% | 14 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $16.8M | 217,362 | 1.3% | 17 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $15.8M | 93,087 | 1.2% | 7 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $15.2M | 82,117 | 1.2% | 13 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $15.2M | 55,826 | 1.2% | 31 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $15.0M | 289,824 | 1.2% | 15 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $14.6M | 124,210 | 1.1% | 31 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $14.4M | 268,854 | 1.1% | 13 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $14.1M | 11,795 | 1.1% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $13.9M | 97,011 | 1.1% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $13.6M | 39,992 | 1.1% | 10 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $12.8M | 140,528 | 1.0% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $12.4M | 91,643 | 1.0% | 31 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $11.9M | 124,730 | 0.9% | 5 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $11.1M | 63,017 | 0.9% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $11.1M | 39,376 | 0.9% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $10.8M | 49,513 | 0.9% | 16 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $10.2M | 86,564 | 0.8% | 31 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $10.0M | 81,450 | 0.8% | 25 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $10.0M | 85,054 | 0.8% | 13 |
| GINKGO BIOWORKS HOLDINGS INC | [DNA](https://holderbook.com/stocks/DNA/) | $9.9M | 999,911 | 0.8% | 8 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $9.5M | 34,080 | 0.7% | 31 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $9.3M | 97,468 | 0.7% | 21 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $9.2M | 56,289 | 0.7% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $9.0M | 25,621 | 0.7% | 31 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $8.6M | 54,169 | 0.7% | 13 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $8.6M | 202,948 | 0.7% | 31 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $8.2M | 43,371 | 0.6% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $8.2M | 60,850 | 0.6% | 24 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $6.9M | 74,522 | 0.5% | 9 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $6.8M | 63,576 | 0.5% | 13 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.5M | 12,893 | 0.5% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $6.3M | 11,217 | 0.5% | 13 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $6.2M | 45,215 | 0.5% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $5.7M | 13,525 | 0.4% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.6M | 15,812 | 0.4% | 31 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $5.5M | 36,396 | 0.4% | 31 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $4.2M | 29,548 | 0.3% | 31 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $3.9M | 85,378 | 0.3% | 13 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $3.7M | 26,698 | 0.3% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.6M | 14,460 | 0.3% | 31 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $3.3M | 74,904 | 0.3% | 13 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $2.8M | 16,405 | 0.2% | 1 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.4M | 3,210 | 0.2% | 13 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $2.3M | 29,211 | 0.2% | 13 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.3M | 2,407 | 0.2% | 14 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $2.1M | 9,533 | 0.2% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.0M | 7,549 | 0.2% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.0M | 1,885 | 0.2% | 12 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.0M | 5,409 | 0.2% | 22 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.9M | 3,755 | 0.2% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $1.4M | 3,569 | 0.1% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.4M | 7,428 | 0.1% | 15 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $1.2M | 5,600 | 0.1% | 31 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $1.1M | 22,610 | 0.1% | 12 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.1M | 6,744 | 0.1% | 31 |
| NUVECTIS PHARMA INC | [NVCT](https://holderbook.com/stocks/NVCT/) | $1.1M | 59,000 | 0.1% | 13 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.1M | 5,250 | 0.1% | 31 |
| AXSOME THERAPEUTICS INC | [AXSM](https://holderbook.com/stocks/AXSM/) | $906.6K | 3,704 | 0.1% | 15 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $900.1K | 3,070 | 0.1% | 31 |
| PROFESIONALLY MANAGED PORTFO | [AKRE](https://holderbook.com/stocks/AKRE/) | $880.7K | 16,558 | 0.1% | 3 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $857.6K | 2,724 | 0.1% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $856.5K | 9,283 | 0.1% | 7 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $853.7K | 3,813 | 0.1% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $849.8K | 1,138 | 0.1% | 9 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $843.0K | 3,813 | 0.1% | 1 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $808.5K | 15,987 | 0.1% | 18 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $768.8K | 7,988 | 0.1% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $766.1K | 4,890 | 0.1% | 31 |
| BBH TR | [BBHL](https://holderbook.com/stocks/BBHL/) | $763.2K | 43,862 | 0.1% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.1% | 26 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $737.4K | 3,983 | 0.1% | 8 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $735.0K | 2,985 | 0.1% | 31 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $724.0K | 4,269 | 0.1% | 31 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $705.1K | 21,180 | 0.1% | 1 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $696.4K | 7,188 | 0.1% | 31 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $687.1K | 11,376 | 0.1% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $676.6K | 2,649 | 0.1% | 2 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $648.9K | 2,399 | 0.1% | 24 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.2% | +14.8% | -6.6% | 100% |
| Q1 2026 | -2.7% | -4.6% | +1.9% | 100% |
| Q4 2025 | +2.6% | +2.4% | +0.2% | 100% |
| Q3 2025 | +8.7% | +7.8% | +0.9% | 100% |
| Q2 2025 | +8.9% | +10.5% | -1.6% | 100% |
| Q1 2025 | -2.7% | -4.6% | +1.8% | 100% |
| Q4 2024 | +1.3% | +2.1% | -0.8% | 100% |
| Q3 2024 | +5.3% | +5.4% | -0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.3B | 159 |
| Q1 2026 | $1.2B | 150 |
| Q4 2025 | $1.2B | 141 |
| Q3 2025 | $1.2B | 140 |
| Q2 2025 | $1.1B | 141 |
| Q1 2025 | $1.0B | 139 |
| Q4 2024 | $1.0B | 141 |
| Q3 2024 | $1.0B | 138 |
| Q2 2024 | $975.9M | 133 |
| Q1 2024 | $922.6M | 131 |
| Q4 2023 | $860.6M | 127 |
| Q3 2023 | $769.4M | 125 |