FJ
Forbes J M & Co LLP Quarterly 13F Portfolio Update (Q3 2026)
Forbes J M & Co LLPCIK: 0001067532
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.3B
Reporting period: 2026-09-30 · Number of holdings: 159
FORBES J M & CO LLP disclosed 159 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $1.3B and a quarterly turnover rate of 11.3%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "F"
Personality snowflake
- Concentration
- 11.62
- Portfolio Stability
- 11.33
- Momentum
- 100
- Sector conviction
- 61.52
- Diversification
- 100
- Sizing Uniformity
- 81.07
Forbes J M & Co LLP's disclosed holdings carry a Herfindahl concentration index of 0.029 — mathematically equivalent to about 34 equally-sized positions, well below its 159 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.89), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MSFT
+0.4% $22.1M
Add NVDA
+0.6% $12.2M
Add AAPL
+0.4% $11.2M
New buy 30233Q108
Sold out XOM
Trim GOOGL
+0.1% -$2.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 157 holdings (of 159 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 7.12% | +0.63% | +0.57% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 6.25% | +0.60% | +0.40% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 6.03% | +1.46% | +0.36% | |
| 4 | IAU | Ishares Gold Trust | ETF-Commodities | 5.35% | -0.06% | -0.04% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 5.31% | -0.45% | +0.09% | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.59% | +0.02% | +0.53% | |
| 7 | XLE | Ss Energy Select Sector | ETF-Other | 3.56% | +0.36% | +0.55% | |
| 8 | AVGO | Broadcom Inc | Stock-Tech | 3.14% | -0.37% | +0.69% | |
| 9 | XLK | Ss Technology Select Sector | ETF-Tech | 2.58% | -0.04% | — | |
| 10 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.50% | -0.07% | +0.52% | |
| 11 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.35% | — | +0.47% | |
| 12 | BAC | Bank Of America CORP | Stock-Financials | 1.91% | -0.17% | +0.63% | |
| 13 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.88% | +0.15% | +0.54% | |
| 14 | V | Visa Inc-class A Shares | Stock-Financials | 1.82% | +0.01% | +0.56% | |
| 15 | KO | Coca-cola Co/the | Stock-Consumer Staples | 1.63% | +0.03% | +0.53% | |
| 16 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 1.58% | -0.09% | +0.11% | |
| 17 | WMT | Walmart Inc | Stock-Consumer Staples | 1.46% | -0.20% | +0.73% | |
| 18 | ANET | Arista Networks Inc | Stock-Tech | 1.43% | +0.19% | +0.56% | |
| 19 | LIN | Linde plc | Stock-Materials | 1.40% | -0.19% | +0.67% | |
| 20 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.32% | -0.06% | +0.46% | |
| 21 | ETN | Eaton Corporation plc | Stock-Industrials | 1.31% | -0.04% | +0.56% | |
| 22 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.30% | +0.19% | +26.21% | |
| 23 | NEE | Nextera Energy Inc | Stock-Utilities | 1.25% | -0.26% | +0.58% | |
| 24 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 1.25% | -0.24% | +0.53% | |
| 25 | PANW | Palo Alto Networks Inc | Stock-Tech | 1.20% | +0.13% | +0.43% | |
| 26 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.18% | -0.14% | +0.57% | |
| 27 | UNP | Union Pacific CORP | Stock-Industrials | 1.15% | -0.04% | +0.51% | |
| 28 | EMR | Emerson Electric Co | Stock-Industrials | 1.14% | +0.05% | +0.59% | |
| 29 | SPEM | State Street Sp Ptf Em ETF | ETF-Other | 1.14% | -0.04% | +0.69% | |
| 30 | XLF | Ss Financial Select Sector | ETF-Other | 1.08% | -0.05% | — | |
| 31 | ABT | Abbott Laboratories | Stock-Healthcare | 1.05% | +0.05% | +0.57% | |
| 32 | XLI | Ss Industrial Select Sector | ETF-Other | 1.03% | -0.17% | — | |
| 33 | CSCO | Cisco Systems Inc | Stock-Tech | 1.01% | -0.14% | +0.58% | |
| 34 | DNA | Ginkgo Bioworks Holdings Inc | Stock-Other | 0.94% | +0.16% | -2.25% | |
| 35 | ICE | Intercontinental Exchange In | Stock-Financials | 0.94% | +0.15% | +0.56% | |
| 36 | IXUS | Ishares Core Intl Stock ETF | ETF-Other | 0.90% | -0.04% | +0.60% | |
| 37 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.88% | -0.10% | +0.56% | |
| 38 | APH | Amphenol Corp-cl A | Stock-Tech | 0.80% | -0.07% | +101.18% | |
| 39 | XLV | Ss Health Care Select Sector | ETF-Other | 0.78% | +0.10% | +13.29% | |
| 40 | PGR | Progressive CORP | Stock-Financials | 0.78% | -0.07% | +0.46% | |
| 41 | ECL | Ecolab Inc | Stock-Materials | 0.71% | -0.04% | +0.56% | |
| 42 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.70% | +0.02% | +0.63% | |
| 43 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.70% | -0.03% | -0.41% | |
| 44 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 0.70% | -0.08% | — | |
| 45 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 0.69% | -0.04% | +0.60% | |
| 46 | IBB | Ishares Biotechnology ETF | ETF-Tech | 0.69% | +0.04% | +0.56% | |
| 47 | XYL | Xylem Inc | Stock-Industrials | 0.66% | -0.14% | +0.73% | |
| 48 | IBM | Intl Business Machines CORP | Stock-Tech | 0.65% | -0.22% | -0.01% | |
| 49 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.61% | +0.11% | +0.15% | |
| 50 | PLD | Prologis Inc | Stock-Real Estate | 0.60% | -0.05% | +0.54% |
1–50 of 157
Portfolio Performance
Performance for Q4 2026
+2.1%
Performance Last 4 Quarters
+11.8%
- Stdev
- +10.3%
- Beta
- +0.8
- Alpha
- +2.1%
- Max Drawdown
- -5.5%
- Annualized Perf
- +21.3%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +4.19
- Stutzer
- +0.56
- Treynor
- +0.25
- Sterling
- +1.47
- Calmar
- +3.88
- Information Ratio
- -0.59
- Tracking Error
- +3.9%
- Stdev Down
- +4.8%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +31.2%
- Worst 12 Months
- +8.6%
- Efficiency Ratio
- +0.77
- Sharpe
- +1.94
- Stdev Sectors
- +10.2%
- Skewness
- -0.18
- Kurtosis
- +0.13
- Upside Potential
- +5.66
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 159 | $1.3B | 11 | ||
| 2026 Q2 | 161 | $1.3B | 15 | ||
| 2026 Q1 | 153 | $1.2B | 14 | ||
| 2025 Q4 | 144 | $1.2B | 11 | ||
| 2025 Q3 | 143 | $1.2B | 21 | ||
| 2025 Q2 | 144 | $1.1B | 0 | ||
| 2025 Q1 | 142 | $1.0B | 100 | ||
| 2024 Q4 | 145 | $1.0B | 0 | ||
| 2024 Q3 | 142 | $1.0B | 0 | ||
| 2024 Q2 | 138 | $975.9M | 0 | ||
| 2024 Q1 | 135 | $922.6M | 0 | ||
| 2023 Q4 | 131 | $860.6M | 0 | ||
| 2023 Q3 | 129 | $769.4M | 0 | ||
| 2023 Q2 | 129 | $803.7M | 0 | ||
| 2023 Q1 | 112 | $731.2M | 0 | ||
| 2022 Q4 | 111 | $692.9M | 0 | ||
| 2022 Q3 | 111 | $639.3M | 0 | ||
| 2022 Q2 | 118 | $679.5M | 0 | ||
| 2022 Q1 | 121 | $790.8M | 0 | ||
| 2021 Q4 | 121 | $870.6M | 0 | ||
| 2021 Q3 | 118 | $792.3M | 0 | ||
| 2021 Q2 | 123 | $792.8M | 95 | ||
| 2021 Q1 | 111 | $717.5M | 10 | ||
| 2020 Q4 | 111 | $680.1M | 12 | ||
| 2020 Q3 | 107 | $625.0M | 18 | ||
| 2020 Q2 | 102 | $560.6M | 25 | ||
| 2020 Q1 | 95 | $448.0M | 48 | ||
| 2019 Q4 | 112 | $611.2M | 18 | ||
| 2019 Q3 | 108 | $519.9M | 12 | ||
| 2019 Q2 | 109 | $518.1M | 20 | ||
| 2019 Q1 | 108 | $466.8M | 15 | ||
| 2018 Q4 | 108 | $423.3M | 28 | ||
| 2018 Q3 | 112 | $470.4M | 21 | ||
| 2018 Q2 | 112 | $446.7M | 12 | ||
| 2018 Q1 | 115 | $429.4M | 20 | ||
| 2017 Q4 | 119 | $433.0M | 19 | ||
| 2017 Q3 | 115 | $401.0M | 14 | ||
| 2017 Q2 | 115 | $392.8M | 7 | ||
| 2017 Q1 | 115 | $383.2M | 15 | ||
| 2016 Q4 | 113 | $363.3M | 10 | ||
| 2016 Q3 | 112 | $366.0M | 24 | ||
| 2016 Q2 | 110 | $361.4M | 37 | ||
| 2016 Q1 | 104 | $350.2M | 19 | ||
| 2015 Q4 | 106 | $373.9M | 23 | ||
| 2015 Q3 | 109 | $351.5M | 12 | ||
| 2015 Q2 | 113 | $371.4M | 14 | ||
| 2015 Q1 | 103 | $377.2M | 8 | ||
| 2014 Q4 | 101 | $381.6M | 28 | ||
| 2014 Q3 | 98 | $395.6M | 10 | ||
| 2014 Q2 | 101 | $402.0M | 26 | ||
| 2014 Q1 | 95 | $384.7M | 19 | ||
| 2013 Q4 | 95 | $395.5M | 36 | ||
| 2013 Q3 | 94 | $353.3M | 22 | ||
| 2013 Q2 | 86 | $335.6M | 0 |
Holding changes this quarter
Forbes J M & Co LLP's most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Dupont De Nemours Inc (6D8); New buy: ; New buy: Waters CORP (WAT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.5% | +0.36% | Add |
| 2 | NVDA | Nvidia CORP | +0.6% | +0.57% | Add |
| 3 | AAPL | Apple Inc | +0.6% | +0.40% | Add |
| 4 | ✓ | +0.6% | NEW | New buy | |
| 5 | XLE | Ss Energy Select Sector | +0.4% | +0.55% | Add |
| 6 | ✓ | +0.3% | +180.59% | Add | |
| 7 | ANET | Arista Networks Inc | +0.2% | +0.56% | Add |
| 8 | LLY | Eli Lilly & Co | +0.2% | +26.21% | Add |
| 9 | DNA | Ginkgo Bioworks Holdings Inc | +0.2% | -2.25% | Trim |
| 10 | MRK | Merck & Co. Inc. | +0.2% | +0.54% | Add |
| 11 | ICE | Intercontinental Exchange In | +0.2% | +0.56% | Add |
| 12 | PANW | Palo Alto Networks Inc | +0.1% | +0.43% | Add |
| 13 | META | Meta Platforms Inc-class A | +0.1% | +0.15% | Add |
| 14 | XLV | Ss Health Care Select Sector | +0.1% | +13.29% | Add |
| 15 | EMR | Emerson Electric Co | +0.1% | +0.59% | Add |
| 16 | ABT | Abbott Laboratories | +0.1% | +0.57% | Add |
| 17 | IBB | Ishares Biotechnology ETF | 0% | +0.56% | Add |
| 18 | KO | Coca-cola Co/the | 0% | +0.53% | Add |
| 19 | CRM | Salesforce Inc | 0% | +1.39% | Add |
| 20 | AMZN | Amazon.com Inc | 0% | +0.53% | Add |
| 21 | VZ | Verizon Communications Inc | 0% | +0.63% | Add |
| 22 | IBIT | Ishares Bitcoin Trust ETF | 0% | — | Unchanged |
| 23 | ✓ | 0% | NEW | New buy | |
| 24 | WAT | Waters CORP | 0% | NEW | New buy |
| 25 | ADBE | Adobe Inc | 0% | +0.48% | Add |
| 26 | V | Visa Inc-class A Shares | 0% | +0.56% | Add |
| 27 | ADP | Automatic Data Processing | 0% | -0.07% | Trim |
| 28 | CVX | Chevron CORP | 0% | +0.28% | Add |
| 29 | ACN | Accenture plc | 0% | — | Unchanged |
| 30 | MA | Mastercard Inc - A | 0% | -0.40% | Trim |
| 31 | PFE | Pfizer Inc | 0% | +1.28% | Add |
| 32 | BMY | Bristol-myers Squibb Co | 0% | +0.92% | Add |
| 33 | JNJ | Johnson & Johnson | — | +0.47% | Add |
| 34 | NVCT | Nuvectis Pharma Inc | — | — | Unchanged |
| 35 | DSI | Ishares Esg Msci Kld 400 ETF | — | +0.96% | Add |
| 36 | GLDM | Spdr Gold Minishares Trust | — | — | Unchanged |
| 37 | DIS | Walt Disney Co/the | — | -0.20% | Trim |
| 38 | TGT | Target CORP | — | +0.36% | Add |
| 39 | DHR | Danaher CORP | — | +1.02% | Add |
| 40 | SCHW | Schwab (charles) CORP | — | +0.62% | Add |
| 41 | GEV | GE Vernova Inc | — | +2.66% | Add |
| 42 | PRGS | Progress Software CORP | — | — | Unchanged |
| 43 | SBUX | Starbucks CORP | — | -2.15% | Trim |
| 44 | CTVA | Corteva Inc | — | -0.48% | Trim |
| 45 | SO | Southern Co/the | — | — | Unchanged |
| 46 | ITW | Illinois Tool Works | — | — | Unchanged |
| 47 | CNI | Canadian Natl Railway Co | — | -7.67% | Trim |
| 48 | BNS | Bank Of Nova Scotia | — | — | Unchanged |
| 49 | USB | US Bancorp | — | +1.14% | Add |
| 50 | GPC | Genuine Parts Co | — | — | Unchanged |
1–50 of 162
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is Forbes J M & Co LLP and what type of investor is it?
Forbes J M & Co LLP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $1.3B, spread across 159 disclosed positions.
What are Forbes J M & Co LLP's largest equity positions?
Based on the latest 13F filing, Forbes J M & Co LLP's top holdings by market value are:
1. Nvidia CORP (NVDA) — $94.7M (7.1%)
2. Apple Inc (AAPL) — $83.1M (6.3%)
3. Microsoft CORP (MSFT) — $80.2M (6.0%)
4. Ishares Gold Trust (IAU) — $71.2M (5.3%)
5. Alphabet Inc-cl A (GOOGL) — $70.6M (5.3%)
What changes did Forbes J M & Co LLP make in its most recent portfolio filing?
In the latest reported quarter, Forbes J M & Co LLP made 106 notable position adjustments: 3 new positions were initiated, 75 existing holdings were added to, 23 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Dupont De Nemours Inc (6D8); New buy: ; New buy: Waters CORP (WAT)
What sectors does Forbes J M & Co LLP focus on?
Forbes J M & Co LLP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 39.0%
• Financials: 11.7%
• Health Care: 9.9%
• Communication Services: 9.7%
• Consumer Discretionary: 8.9%
• Consumer Staples: 7.5%
Investment Profile
Forbes J M & Co LLP returned an annualized 21.3% over the trailing 36 months — outperforming the S&P 500 by 2.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.80 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 39.0% of the portfolio concentrated in Information Technology.
It has added to its NVDA position over the past two quarters (+$22.3M, now $94.7M), while trimming ZTS over the same stretch (-$6.1M, still holding $542.6K).
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