FORBES J M & CO LLP Q4 2025 Filing

Filed January 21, 2026

Portfolio Value

$1.2B

Holdings

141

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (141 positions)

#StockSharesValue% PortfolioType
1
IAU*ISHARES GOLD TRUST
1,183,161$96.0M7.78%
2
NVDANVIDIA CORP
412,326$76.9M6.23%
3
MSFTMICROSOFT CORP
157,727$76.3M6.18%
4
ALPHABET INC CL A
227,545$71.2M5.77%
5
AAPLAPPLE INC
246,287$67.0M5.42%
6
AMZNAMAZON.COM INC
190,229$43.9M3.56%
7
AVGOBROADCOM INC
118,669$41.1M3.33%
8
XLFISS ENERGY SELECT SECTOR
766,392$34.3M2.77%
9
JP MORGAN CHASE & CO
98,566$31.8M2.57%
10
BACBANK OF AMERICA CORP
464,194$25.5M2.07%
11
XLFISTE ST TECH SELECT SECTOR SPDR ETF
174,798$25.2M2.04%
12
JNJJOHNSON & JOHNSON
116,707$24.2M1.96%
13
VVISA INC CL A
66,918$23.5M1.90%
14
IBMINTL. BUSINESS MACHINES CORP
71,344$21.1M1.71%
15
WMTWALMART INC
185,319$20.6M1.67%
16
VIGVANGUARD DIVIDEND APPREC ETF
87,865$19.3M1.56%
17
TJXTJX COS INC
125,341$19.3M1.56%
18
MRKMERCK & CO INC
170,967$18.0M1.46%
19
NEENEXTERA ENERGY INC
218,563$17.5M1.42%
20
ABTABBOTT LABS
139,534$17.5M1.42%
21
KOCOCA COLA CO
248,571$17.4M1.41%
22
PGPROCTER & GAMBLE CO
118,944$17.0M1.38%
23
LINLINDE PLC
38,566$16.4M1.33%
24
XLFIST STRT FINNCIAL SLCT SCTOR SPDR ETF
268,854$14.7M1.19%
25
IJHISHARES CORE S&P MID-CAP ETF
216,846$14.3M1.16%
26
SPDR PORTFOLIO EMERGING MARKETS ETF
287,113$13.4M1.09%
27
PEPPEPSICO INC
91,651$13.2M1.06%
28
INTERCONTINENTAL EXCHANGE INC
80,947$13.1M1.06%
29
UNPUNION PAC CORP
55,903$12.9M1.05%
30
ETNEATON CORP PLC
40,143$12.8M1.04%
31
STE ST INDUSTRIAL SLCT SCTR SPDR ETF
82,117$12.7M1.03%
32
EMREMERSON ELEC CO
95,811$12.7M1.03%
33
LLYLILLY ELI & CO
11,747$12.6M1.02%
34
XYLXYLEM INC
86,616$11.8M0.96%
35
PGRPROGRESSIVE CORP
49,215$11.2M0.91%
36
AQLTISHARES CORE INTL STOCK ETF
122,947$10.4M0.84%
37
XLFISTST CNSMRDSCRTNRY SLCTSCTR SPDR ETF
85,054$10.2M0.82%
38
ANETARISTA NETWORKS INC
72,247$9.5M0.77%
39
CISCO SYSTEMS INC
122,275$9.4M0.76%
40
ECLECOLAB INC
34,036$8.9M0.72%
41
HDHOME DEPOT INC
25,228$8.7M0.70%
42
DNAGINKGO BIOWORKS HOLDINGS INC CL A
1,040,441$8.6M0.70%
43
STTSTE ST HLTH CR SLCT SECTOR SPDR ETF
54,169$8.4M0.68%
44
NOWSERVICENOW INC
54,739$8.4M0.68%
45
ITOTISHARES CORE S&P TOTAL U.S.
56,115$8.3M0.68%
46
VZVERIZON COMMUNICATIONS
201,253$8.2M0.66%
47
RIORIO TINTO PLC SPONS ADR
96,978$7.8M0.63%
48
PROLOGIS INC REIT
60,676$7.7M0.63%
49
STST CMMNCN SRVCS SLCT SCTR SPDR ETF
63,576$7.5M0.61%
50
METAMETA PLATFORMS INC CL A
11,197$7.4M0.60%
51
IBBISHARES BIOTECHNOLOGY ETF
43,700$7.4M0.60%
52
PANWPALO ALTO NETWORKS INC
38,637$7.1M0.58%
53
BDXBECTON DICKINSON
36,014$7.0M0.57%
54
ZTSZOETIS INC
55,418$7.0M0.56%
55
ORLYO'REILLY AUTOMOTIVE INC
74,359$6.8M0.55%
56
BRK/BBERKSHIRE HATHAWAY INC-CL B
12,373$6.2M0.50%
57
TSLATESLA INC
13,340$6.0M0.49%
58
XOMEXXON MOBIL CORP
44,922$5.4M0.44%
59
ALPHABET INC CL C
16,009$5.0M0.41%
60
XLFISS UTILITIES SELECT SECTOR
85,378$3.6M0.30%
61
DSIISHARES ESG MSCI KLD 400 ETF
28,142$3.6M0.29%
62
ABBVABBVIE INC
13,432$3.1M0.25%
63
XLFISTE ST REAL ESTATE SLCT SCT SPDR ETF
74,904$3.0M0.24%
64
GLDSPDR GOLD MINISHARES TRUST ETF
29,211$2.5M0.20%
65
ADPAUTOMATIC DATA PROCESSING INC
9,447$2.4M0.20%
66
ADOBE INC
6,724$2.4M0.19%
67
MCDMCDONALDS CORP
7,313$2.2M0.18%
68
IVVISHARES CORE S&P 500 ETF
3,197$2.2M0.18%
69
GLDSPDR GOLD TRUST
5,406$2.1M0.17%
70
MAMASTERCARD INC CL A
3,671$2.1M0.17%
71
COSTCOSTCO WHOLESALE CORP
2,407$2.1M0.17%
72
HONHONEYWELL INTERNATIONAL INC
7,804$1.5M0.12%
73
CRMSALESFORCE INC
5,608$1.5M0.12%
74
RTXRTX CORPORATION
7,497$1.4M0.11%
75
AKRE FOCUS ETF
20,212$1.3M0.11%
76
DISDISNEY WALT CO NEW
10,144$1.2M0.09%
77
INTUINTUIT INC
1,635$1.1M0.09%
78
XLFIST STRT MATRIALS SLCT SCTR SPDR ETF
22,610$1.0M0.08%
79
CVXCHEVRON CORPORATION
6,637$1.0M0.08%
80
SYKSTRYKER CORPORATION
2,852$1.0M0.08%
81
INTCINTEL CORP
26,921$993K0.08%
82
ACNACCENTURE PLC CL A
3,674$985K0.08%
83
BBH SELECT LARGE CAP ETF
59,338$956K0.08%
84
RYROYAL BANK OF CANADA
5,600$954K0.08%
85
SCHWCHARLES SCHWAB CORP
9,502$949K0.08%
86
ADIANALOG DEVICES INC
3,496$948K0.08%
87
JPMORGAN ULTRA-SHORT INCOME ETF
15,987$808K0.07%
88
CATCATERPILLAR INC
1,390$796K0.06%
89
APDAIR PRODUCTS & CHEMICALS INC
3,120$770K0.06%
90
BRK-BBERKSHIRE HATHAWAY INC CL A
1$754K0.06%
91
AXSMAXSOME THERAPEUTICS INC
3,704$676K0.05%
92
BXBLACKSTONE INC
4,084$629K0.05%
93
ISRGINTUITIVE SURGICAL INC
1,112$629K0.05%
94
PNCPNC FINANCIAL SERVICES GROUP
2,955$616K0.05%
95
NSRGYNESTLE SA SPONS ADR
6,219$614K0.05%
96
USBUS BANCORP NEW
11,438$610K0.05%
97
ITWILLINOIS TOOL WKS INC
2,399$590K0.05%
98
CHDCHURCH & DWIGHT INC
6,930$581K0.05%
99
SPYSPDR S&P 500 ETF TRUST
834$568K0.05%
100
STTSTATE STREET CORP
4,269$550K0.04%
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