FORBES J M & CO LLP

CIK

1067532

Location

Boston, MA

Portfolio Value

Small $961,956,068

Diversification

Diversified

Filing Date

Global Rank

#1,806 / 8,605 ▼ 11 · as of Mar 2026

Top Industry

Semiconductors 12.8%

3Y Alpha vs SPY

-2.0%

Period ended 3 months ago

Filed Apr 16, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+67.7%

SPY

+76.5%

Annualised alpha

-2.0%

Max drawdown

−16.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

117 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.4%

−1.0 pts

Top 5

35.4%

−2.4 pts

Top 10

51.8%

−2.3 pts

HHI

373

Diversified−30

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	29.4%	$282,346,506	22
Financial Services	11.3%	$108,624,483	16
Healthcare	10.5%	$101,073,099	17
Unclassified	9.1%	$87,487,074	7
Consumer Cyclical	8.7%	$84,057,583	10
Communication Services	8.7%	$84,011,311	6
Consumer Defensive	8.0%	$77,244,417	7
Industrials	6.2%	$59,511,481	19
Basic Materials	4.1%	$39,146,341	6
Utilities	2.1%	$20,626,557	2
Energy	1.0%	$9,395,692	3
Real Estate	0.9%	$8,431,524	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BAC	Bank Of America Corp /De/	+2,767	466,961	$22,764,348
NVDA	Nvidia Corp	+2,593	414,919	$72,361,873
VZ	Verizon Communications Inc	+2,548	203,801	$10,230,810
AAPL	Apple Inc.	+2,225	248,512	$63,069,860
KO	Coca Cola Co	+2,146	250,717	$19,067,027
EPD	Enterprise Products Partners L.P.	+2,000	10,500	$397,320
CINF	Cincinnati Financial Corp	+1,987	3,983	$626,725
ABT	Abbott Laboratories	+1,675	141,209	$14,497,928
EMR	Emerson Electric Co	+1,659	97,470	$12,770,519
CSCO	Cisco Systems, Inc.	+1,566	123,841	$9,608,823
PG	PROCTER & GAMBLE Co	+1,496	120,440	$17,396,353
GOOGL	Alphabet Inc.	+1,188	228,733	$65,774,461
RIO	Rio Tinto PLC	+1,143	98,121	$9,153,708
ICE	Intercontinental Exchange, Inc.	+1,067	82,014	$12,899,161
JPM	Jpmorgan Chase & Co	+1,046	99,612	$29,301,865
ABBV	AbbVie Inc.	+1,012	14,444	$3,141,425
BX	Blackstone Inc.	+1,000	5,084	$584,609
NEE	Nextera Energy Inc	+929	219,492	$20,386,416
JNJ	Johnson & Johnson	+917	117,624	$28,752,010
AMZN	Amazon Com Inc	+902	191,131	$39,806,853
WMT	Walmart Inc.	+866	186,185	$23,139,071
MRK	Merck & Co., Inc.	+784	171,751	$20,659,927
XYL	Xylem Inc.	+601	87,217	$10,422,431
ANET	Arista Networks, Inc.	+542	72,789	$8,937,033
ORLY	O Reilly Automotive Inc	+529	74,888	$6,912,911
No positions match the current search.

Trimmed

Positions the filer reduced

24 positions

Ticker	Company	Δ Shares	Shares	Value
IAU	Ishares Gold Trust	−264,360	918,801	$81,001,496
IBM	International Business Machines Corp	−31,741	39,603	$9,599,371
DNA	Ginkgo Bioworks Holdings, Inc.	−12,050	1,028,391	$6,304,036
DIS	Walt Disney Co	−1,814	8,330	$802,845
ADBE	Adobe Inc.	−1,275	5,449	$1,324,542
WY	Weyerhaeuser Co	−946	14,496	$354,137
MSFT	Microsoft Corp	−660	157,067	$58,141,491
CARR	CARRIER GLOBAL Corp	−500	5,553	$312,689
CRM	Salesforce, Inc.	−468	5,140	$959,483
PFE	Pfizer Inc	−374	17,312	$486,120
HON	Honeywell International Inc	−248	7,556	$1,707,882
XOM	Exxon Mobil Corp	−133	44,789	$7,598,901
RTX	RTX Corp	−129	7,368	$1,421,287
INTC	Intel Corp	−125	26,796	$1,182,507
CMCSA	Comcast Corp	−125	16,379	$470,241
SBUX	Starbucks Corp	−121	3,760	$336,858
FISV	Fiserv Inc	−85	4,258	$237,596
APD	Air Products & Chemicals, Inc.	−50	3,070	$891,804
SYK	Stryker Corp	−47	2,805	$921,694
SPGI	S&P Global Inc.	−37	590	$250,950
ACN	Accenture plc	−31	3,643	$722,370
DD	DuPont de Nemours, Inc.	−25	4,963	$227,305
CTVA	Corteva, Inc.	−25	5,082	$425,414
Q	Qnity Electronics, Inc.	−12	2,478	$285,911
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
APH	Amphenol Corp /De/	62,778	$7,932,000
GLW	Corning Inc /Ny	2,233	$303,621
LMT	Lockheed Martin Corp	413	$249,613
GEV	GE Vernova Inc.	270	$235,683
BWXT	BWX Technologies, Inc.	1,060	$216,759
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
NOW	ServiceNow, Inc.	54,739	$8,385,467
PRGS	Progress Software Corp /Ma	7,120	$305,875
MS	Morgan Stanley	1,186	$210,550
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

117 positions · $961,956,068 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 117 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IAU	Ishares Gold Trust	Reduced	918,801	-264,360	$81,001,496	−15.7%	8.42%
NVDA	Nvidia Corp Technology	Added	414,919	+2,593	$72,361,873	−5.9%	7.52%
GOOGL	Alphabet Inc. Communication Services	Added	228,733	+1,188	$65,774,461	−7.6%	6.84%
AAPL	Apple Inc. Technology	Added	248,512	+2,225	$63,069,860	−5.8%	6.56%
MSFT	Microsoft Corp Technology	Reduced	157,067	-660	$58,141,491	−23.8%	6.04%
AMZN	Amazon Com Inc Consumer Cyclical	Added	191,131	+902	$39,806,853	−9.3%	4.14%
AVGO	Broadcom Inc. Technology	Added	118,803	+134	$36,770,716	−10.5%	3.82%
JPM	Jpmorgan Chase & Co Financial Services	Added	99,612	+1,046	$29,301,865	−7.7%	3.05%
JNJ	Johnson & Johnson Healthcare	Added	117,624	+917	$28,752,010	+19.0%	2.99%
WMT	Walmart Inc. Consumer Defensive	Added	186,185	+866	$23,139,071	+12.1%	2.41%
BAC	Bank Of America Corp /De/ Financial Services	Added	466,961	+2,767	$22,764,348	−10.8%	2.37%
MRK	Merck & Co., Inc. Healthcare	Added	171,751	+784	$20,659,927	+14.8%	2.15%
NEE	Nextera Energy Inc Utilities	Added	219,492	+929	$20,386,416	+16.2%	2.12%
V	Visa Inc. Financial Services	Added	67,169	+251	$20,301,158	−13.5%	2.11%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	125,603	+262	$20,058,799	+4.2%	2.09%
LIN	Linde PLC Basic Materials	Added	39,025	+459	$19,347,034	+17.7%	2.01%
KO	Coca Cola Co Consumer Defensive	Added	250,717	+2,146	$19,067,027	+9.7%	1.98%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	120,440	+1,496	$17,396,353	+2.1%	1.81%
ETN	Eaton Corp plc Industrials	Added	40,570	+427	$14,510,671	+13.5%	1.51%
ABT	Abbott Laboratories Healthcare	Added	141,209	+1,675	$14,497,928	−17.1%	1.51%
PEP	Pepsico Inc Consumer Defensive	Added	91,913	+262	$14,273,169	+8.5%	1.48%
UNP	Union Pacific Corp Industrials	Added	56,110	+207	$13,613,408	+5.3%	1.42%
ICE	Intercontinental Exchange, Inc. Financial Services	Added	82,014	+1,067	$12,899,161	−1.6%	1.34%
EMR	Emerson Electric Co Industrials	Added	97,470	+1,659	$12,770,519	+0.4%	1.33%
LLY	ELI LILLY & Co Healthcare	Added	11,812	+65	$10,864,323	−13.9%	1.13%
XYL	Xylem Inc. Industrials	Added	87,217	+601	$10,422,431	−11.6%	1.08%
VZ	Verizon Communications Inc Communication Services	Added	203,801	+2,548	$10,230,810	+24.8%	1.06%
PGR	Progressive Corp/Oh/ Financial Services	Added	49,720	+505	$9,856,492	−12.1%	1.02%
CSCO	Cisco Systems, Inc. Technology	Added	123,841	+1,566	$9,608,823	+2.0%	1.00%
IBM	International Business Machines Corp Technology	Reduced	39,603	-31,741	$9,599,371	−54.6%	1.00%
RIO	Rio Tinto PLC Basic Materials	Added	98,121	+1,143	$9,153,708	+17.9%	0.95%
ECL	Ecolab Inc. Basic Materials	Added	34,212	+176	$9,101,076	+1.9%	0.95%
ANET	Arista Networks, Inc. Technology	Added	72,789	+542	$8,937,033	−5.6%	0.93%
HD	Home Depot, Inc. Consumer Cyclical	Added	25,567	+339	$8,408,730	−3.1%	0.87%
PLD	Prologis, Inc. Real Estate	Added	61,109	+433	$8,077,387	+4.3%	0.84%
APH	Amphenol Corp /De/ Technology	NEW	62,778	NEW	$7,932,000	NEW	0.82%
XOM	Exxon Mobil Corp Energy	Reduced	44,789	-133	$7,598,901	+40.6%	0.79%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Added	74,888	+529	$6,912,911	+1.9%	0.72%
ZTS	Zoetis Inc. Healthcare	Added	55,889	+471	$6,606,638	−5.2%	0.69%
META	Meta Platforms, Inc. Communication Services	Added	11,217	+20	$6,417,582	−13.2%	0.67%
DNA	Ginkgo Bioworks Holdings, Inc. Healthcare	Reduced	1,028,391	-12,050	$6,304,036	−27.1%	0.66%
PANW	Palo Alto Networks Inc Technology	Added	39,039	+402	$6,258,732	−12.1%	0.65%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	12,893	+520	$6,178,325	−0.7%	0.64%
BDX	Becton Dickinson & Co Healthcare	Added	36,418	+404	$5,726,002	+4.2%	0.60%
TSLA	Tesla, Inc. Consumer Cyclical	Added	13,365	+25	$4,968,438	−17.2%	0.52%
ABBV	AbbVie Inc. Healthcare	Added	14,444	+1,012	$3,141,425	+2.4%	0.33%
GLDM	World Gold Trust	Held	29,211	0	$2,707,567	+8.6%	0.28%
COST	Costco Wholesale Corp /New Consumer Defensive	Held	2,407	0	$2,398,407	+15.5%	0.25%
MCD	Mcdonalds Corp Consumer Cyclical	Added	7,513	+200	$2,334,965	+4.5%	0.24%
GLD	Spdr Gold Trust	Held	5,406	0	$2,326,147	+8.6%	0.24%