Latest FORBES J M & CO LLP Stock Portfolio

FORBES J M & CO LLP Performance:

2025 Q4: -3.8%YTD: 5.54%2024: 17.08%

Performance for 2025 Q4 is -3.8%, and YTD is 5.54%, and 2024 is 17.08%.

About FORBES J M & CO LLP and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, FORBES J M & CO LLP reported an equity portfolio of $1.2 Billions as of 31 Dec, 2025.

The top stock holdings of FORBES J M & CO LLP are IAU, NVDA, MSFT. The fund has invested 7.8% of it's portfolio in ISHARES GOLD TRUST and 6.2% of portfolio in NVIDIA CORP.

The fund managers got completely rid off AMERICAN TOWER CORP REIT (AMT), LOCKHEED MARTIN CORP (LMT) and CHECK POINT SOFTWARE TECH LTD (CHKP) stocks. They significantly reduced their stock positions in HONEYWELL INTERNATIONAL INC (HON), SALESFORCE INC (CRM) and ORACLE CORPORATION (ORCL). FORBES J M & CO LLP opened new stock positions in AKRE FOCUS ETF and MORGAN STANLEY (MS). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), EMERSON ELEC CO (EMR) and SERVICENOW INC (NOW).

FORBES J M & CO LLP Annual Return Estimates Vs S&P 500

Our best estimate is that FORBES J M & CO LLP made a return of -3.8% in the last quarter. In trailing 12 months, it's portfolio return was 5.54%.

Performance
S&P 500

New Buys

Ticker	$ Bought
akre focus etf	1,324,090
bbh select large cap etf	956,534
morgan stanley	210,551
qnity electronics inc	203,308

New stocks bought by FORBES J M & CO LLP

Additions

Ticker	% Inc.
netflix inc	900
emerson elec co	692
servicenow inc	400
ss energy select sector	101
ste st tech select sector spdr etf	100
stst cnsmrdscrtnry slctsctr spdr etf	100
ss utilities select sector	100
st strt matrials slct sctr spdr etf	100

Additions to existing portfolio by FORBES J M & CO LLP

Reductions

Ticker	% Reduced
honeywell international inc	-86.52
salesforce inc	-85.15
oracle corporation	-23.11
paychex inc	-17.27
charles schwab corp	-15.93
nestle sa spons adr	-6.38
adobe inc	-5.84
fiserv inc	-3.12

FORBES J M & CO LLP reduced stake in above stock

Sold off

Ticker	$ Sold
american tower corp reit	-216,937
check point software tech ltd	-207,945
lockheed martin corp	-212,164

FORBES J M & CO LLP got rid off the above stocks

Sector Distribution

FORBES J M & CO LLP has about 26.4% of it's holdings in Technology sector.

Sector	%
Technology	26.4
Others	26.2
Financial Services	9
Healthcare	8.3
Communication Services	7.6
Consumer Cyclical	7.2
Consumer Defensive	5.8
Industrials	4.8
Basic Materials	2.2
Utilities	1.4

Market Cap. Distribution

FORBES J M & CO LLP has about 73.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	52.1
UNALLOCATED	26.2
LARGE-CAP	21

Stocks belong to which Index?

About 73% of the stocks held by FORBES J M & CO LLP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	73
Others	26.8

Top 5 Winners (%)		%
AXSM	axsome therapeutics inc	50.4 %
LLY	lilly eli & co	40.8 %
GOOG	alphabet inc cl c	28.8 %
GOOG	alphabet inc cl a	28.7 %
LRCX	lam research corporation	27.8 %

Top 5 Winners ($)		$
GOOG	alphabet inc cl a	15.9 M
IAU	ishares gold trust	9.9 M
AAPL	apple inc	4.2 M
LLY	lilly eli & co	3.7 M
MRK	merck & co inc	3.6 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.6 %
NOW	servicenow inc	-75.0 %
DD	dupont de nemours inc	-48.4 %
	fiserv inc	-47.1 %
XLB	ss utilities select sector	-43.9 %

Top 5 Losers ($)		$
XLB	ss energy select sector	-25.6 M
NOW	servicenow inc	-25.2 M
XLB	ste st tech select sector spdr etf	-18.1 M
XLB	stst cnsmrdscrtnry slctsctr spdr etf	-7.7 M
DNA	ginkgo bioworks holdings inc cl a	-6.6 M

FORBES J M & CO LLP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of FORBES J M & CO LLP

FORBES J M & CO LLP has 141 stocks in it's portfolio. About 45.7% of the portfolio is in top 10 stocks. XLB proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for FORBES J M & CO LLP last quarter.

Last Reported on: 21 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	5.42	246,287	66,955,600	reduced	-0.12

AAXJ	ishares esg msci kld 400 etf	0.29	28,142	3,625,530	added	0.1

ABBV	abbvie inc	0.25	13,432	3,069,080	reduced	-1.49

ABT	abbott labs	1.42	139,534	17,482,200	added	0.38

ACN	accenture plc cl a	0.08	3,674	985,734	reduced	-1.71

ADBE	adobe inc	0.19	6,724	2,353,330	reduced	-5.84

ADI	analog devices inc	0.08	3,496	948,115	unchanged	0.00

ADP	automatic data processing inc	0.20	9,447	2,430,050	added	1.28

AMT	american tower corp reit	0.00	0.00	0.00	sold off	-100

AMZN	amazon.com inc	3.56	190,229	43,908,700	added	0.82

ANET	arista networks inc	0.77	72,247	9,466,520	added	1.6

APD	air products & chemicals inc	0.06	3,120	770,702	unchanged	0.00

AVGO	broadcom inc	3.33	118,669	41,071,300	added	0.79

AXSM	axsome therapeutics inc	0.06	3,704	676,499	unchanged	0.00

BA	boeing co	0.04	2,436	528,904	unchanged	0.00

BAC	bank of america corp	2.07	464,194	25,530,700	added	1.15

BBAX	jpmorgan ultra-short income etf	0.06	15,987	808,782	added	63.28

BDX	becton dickinson	0.57	36,014	6,989,240	added	0.24

BIIB	biogen inc	0.03	1,869	328,925	unchanged	0.00

BMY	bristol myers squibb co	0.04	9,472	510,920	reduced	-0.2