FJ
Forbes J M & Co LLP Quarterly 13F Portfolio Update (Q2 2026)
Forbes J M & Co LLPCIK: 0001067532
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.3B
Reporting period: 2026-06-30 · Number of holdings: 161
FORBES J M & CO LLP disclosed 161 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.3B and a quarterly turnover rate of 14.5%.
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Personality snowflake
- Concentration
- 10.76
- Portfolio Stability
- 14.55
- Momentum
- 100
- Sector conviction
- 55.32
- Diversification
- 100
- Sizing Uniformity
- 81.84
Forbes J M & Co LLP's disclosed holdings carry a Herfindahl concentration index of 0.027 — mathematically equivalent to about 37 equally-sized positions, well below its 161 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 1.82), 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.govTrim IAU
-0.8% -$12.2M
Trim XLE
-0.5% -$6.5M
Add XLK
0.0% $10.1M
Add PANW
+2.4% $7.4M
Trim ZTS
-86.2% -$6.1M
Add ANET
+27.9% $6.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 159 holdings (of 161 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.49% | +0.37% | -0.63% | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 5.76% | +0.20% | -10.41% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 5.65% | +0.32% | -0.02% | |
| 4 | IAU | Ishares Gold Trust | ETF-Commodities | 5.41% | -1.44% | -0.78% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 4.57% | -0.35% | -0.77% | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.57% | +0.20% | -0.40% | |
| 7 | AVGO | Broadcom Inc | Stock-Tech | 3.51% | +0.40% | -0.53% | |
| 8 | XLE | Ss Energy Select Sector | ETF-Other | 3.20% | -0.79% | -0.47% | |
| 9 | XLK | Ss Technology Select Sector | ETF-Tech | 2.62% | +0.65% | — | |
| 10 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.57% | +0.09% | +0.19% | |
| 11 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.35% | -0.08% | -0.09% | |
| 12 | BAC | Bank Of America CORP | Stock-Financials | 2.08% | +0.15% | -0.56% | |
| 13 | V | Visa Inc-class A Shares | Stock-Financials | 1.81% | +0.09% | -0.26% | |
| 14 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.73% | -0.02% | -0.33% | |
| 15 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 1.67% | +0.03% | -0.52% | |
| 16 | WMT | Walmart Inc | Stock-Consumer Staples | 1.66% | -0.30% | -0.15% | |
| 17 | KO | Coca-cola Co/the | Stock-Consumer Staples | 1.60% | -0.01% | -0.33% | |
| 18 | LIN | Linde plc | Stock-Materials | 1.59% | -0.05% | -0.43% | |
| 19 | NEE | Nextera Energy Inc | Stock-Utilities | 1.51% | -0.21% | -0.30% | |
| 20 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 1.49% | -0.21% | -0.55% | |
| 21 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.38% | -0.09% | -0.36% | |
| 22 | ETN | Eaton Corporation plc | Stock-Industrials | 1.35% | +0.12% | -0.55% | |
| 23 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.32% | +0.07% | -0.81% | |
| 24 | ANET | Arista Networks Inc | Stock-Tech | 1.24% | +0.48% | +27.89% | |
| 25 | XLI | Ss Industrial Select Sector | ETF-Other | 1.20% | +0.08% | — | |
| 26 | UNP | Union Pacific CORP | Stock-Industrials | 1.19% | +0.04% | -0.51% | |
| 27 | SPEM | State Street Sp Ptf Em ETF | ETF-Other | 1.18% | +0.02% | -0.70% | |
| 28 | CSCO | Cisco Systems Inc | Stock-Tech | 1.15% | +0.34% | +0.30% | |
| 29 | XLF | Ss Financial Select Sector | ETF-Other | 1.13% | +0.01% | — | |
| 30 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.11% | +0.19% | -0.14% | |
| 31 | EMR | Emerson Electric Co | Stock-Industrials | 1.09% | +0.01% | -0.47% | |
| 32 | PANW | Palo Alto Networks Inc | Stock-Tech | 1.07% | +0.54% | +2.44% | |
| 33 | ABT | Abbott Laboratories | Stock-Healthcare | 1.00% | -0.23% | -0.48% | |
| 34 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.98% | -0.23% | -0.29% | |
| 35 | IXUS | Ishares Core Intl Stock ETF | ETF-Other | 0.94% | +0.02% | -0.59% | |
| 36 | APH | Amphenol Corp-cl A | Stock-Tech | 0.87% | +0.20% | +0.38% | |
| 37 | IBM | Intl Business Machines CORP | Stock-Tech | 0.87% | +0.06% | -0.57% | |
| 38 | PGR | Progressive CORP | Stock-Financials | 0.85% | +0.02% | -0.42% | |
| 39 | XYL | Xylem Inc | Stock-Industrials | 0.80% | -0.08% | -0.75% | |
| 40 | ICE | Intercontinental Exchange In | Stock-Financials | 0.79% | -0.30% | -0.69% | |
| 41 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 0.78% | — | — | |
| 42 | DNA | Ginkgo Bioworks Holdings Inc | Stock-Other | 0.78% | +0.25% | -2.77% | |
| 43 | ECL | Ecolab Inc | Stock-Materials | 0.75% | -0.02% | -0.39% | |
| 44 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 0.73% | -0.04% | -0.67% | |
| 45 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.73% | +0.05% | -0.39% | |
| 46 | HD | Home Depot Inc | Stock-Consumer Disc | 0.71% | — | +0.21% | |
| 47 | XLV | Ss Health Care Select Sector | ETF-Other | 0.68% | +0.01% | — | |
| 48 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.68% | -0.19% | -0.42% | |
| 49 | IBB | Ishares Biotechnology ETF | ETF-Tech | 0.65% | +0.03% | -0.72% | |
| 50 | PLD | Prologis Inc | Stock-Real Estate | 0.65% | -0.03% | -0.42% |
1–50 of 159
Portfolio Performance
Performance for Q3 2026
+3.6%
Performance Last 4 Quarters
+20.6%
- Stdev
- +10.9%
- Beta
- +0.81
- Alpha
- +2.3%
- Max Drawdown
- -5.5%
- Annualized Perf
- +19.5%
- Batting Avg vs S&P
- +50%
- Sortino
- +3.35
- Stutzer
- +0.49
- Treynor
- +0.23
- Sterling
- +1.34
- Calmar
- +3.55
- Information Ratio
- -0.38
- Tracking Error
- +4%
- Stdev Down
- +5.5%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +31.1%
- Worst 12 Months
- +8.6%
- Efficiency Ratio
- +0.67
- Sharpe
- +1.7
- Stdev Sectors
- +9.2%
- Skewness
- -0.29
- Kurtosis
- 0
- Upside Potential
- +4.84
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 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 2026-06-30: New buy: ; Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; New buy: Ishares Bitcoin Trust ETF (IBIT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLK | Ss Technology Select Sector | +0.7% | — | Unchanged |
| 2 | PANW | Palo Alto Networks Inc | +0.5% | +2.44% | Add |
| 3 | ANET | Arista Networks Inc | +0.5% | +27.89% | Add |
| 4 | AVGO | Broadcom Inc | +0.4% | -0.53% | Trim |
| 5 | NVDA | Nvidia CORP | +0.4% | -0.63% | Trim |
| 6 | CSCO | Cisco Systems Inc | +0.3% | +0.30% | Add |
| 7 | AAPL | Apple Inc | +0.3% | -0.02% | Trim |
| 8 | DNA | Ginkgo Bioworks Holdings Inc | +0.3% | -2.77% | Trim |
| 9 | ✓ | +0.2% | NEW | New buy | |
| 10 | GOOGL | Alphabet Inc-cl A | +0.2% | -10.41% | Trim |
| 11 | AMZN | Amazon.com Inc | +0.2% | -0.40% | Trim |
| 12 | APH | Amphenol Corp-cl A | +0.2% | +0.38% | Add |
| 13 | LLY | Eli Lilly & Co | +0.2% | -0.14% | Trim |
| 14 | INTC | Intel CORP | +0.2% | -0.37% | Trim |
| 15 | BAC | Bank Of America CORP | +0.2% | -0.56% | Trim |
| 16 | ETN | Eaton Corporation plc | +0.1% | -0.55% | Trim |
| 17 | JPM | Jpmorgan Chase & Co | +0.1% | +0.19% | Add |
| 18 | V | Visa Inc-class A Shares | +0.1% | -0.26% | Trim |
| 19 | XLI | Ss Industrial Select Sector | +0.1% | — | Unchanged |
| 20 | CAT | Caterpillar Inc | +0.1% | +35.61% | Add |
| 21 | IJH | Ishares Core S&p Midcap ETF | +0.1% | -0.81% | Trim |
| 22 | ✓ | +0.1% | NEW | New buy | |
| 23 | ✓ | +0.1% | NEW | New buy | |
| 24 | IBM | Intl Business Machines CORP | +0.1% | -0.57% | Trim |
| 25 | IBIT | Ishares Bitcoin Trust ETF | +0.1% | NEW | New buy |
| 26 | ITOT | Ishares Core S&p Total U.s. | +0.1% | -0.39% | Trim |
| 27 | NVCT | Nuvectis Pharma Inc | +0.1% | — | Unchanged |
| 28 | UNP | Union Pacific CORP | 0% | -0.51% | Trim |
| 29 | GOOG | Alphabet Inc-cl C | 0% | -5.28% | Trim |
| 30 | VIG | Vanguard Dividend Apprec ETF | 0% | -0.52% | Trim |
| 31 | IBB | Ishares Biotechnology ETF | 0% | -0.72% | Trim |
| 32 | TSLA | Tesla Inc | 0% | +1.20% | Add |
| 33 | DSI | Ishares Esg Msci Kld 400 ETF | 0% | +0.85% | Add |
| 34 | WDC | Western Digital CORP | 0% | NEW | New buy |
| 35 | SPEM | State Street Sp Ptf Em ETF | 0% | -0.70% | Trim |
| 36 | IXUS | Ishares Core Intl Stock ETF | 0% | -0.59% | Trim |
| 37 | PGR | Progressive CORP | 0% | -0.42% | Trim |
| 38 | ABBV | Abbvie Inc | 0% | +0.11% | Add |
| 39 | GLW | Corning Inc | 0% | +18.63% | Add |
| 40 | LRCX | Lam Research CORP | 0% | — | Unchanged |
| 41 | ADI | Analog Devices Inc | 0% | +2.09% | Add |
| 42 | TSM | Taiwan Semiconductor-sp Adr | 0% | NEW | New buy |
| 43 | AXSM | Axsome Therapeutics Inc | 0% | — | Unchanged |
| 44 | MS | Morgan Stanley | 0% | NEW | New buy |
| 45 | PRGS | Progress Software CORP | 0% | NEW | New buy |
| 46 | TD | Toronto-dominion Bank | 0% | NEW | New buy |
| 47 | AMT | American Tower CORP | 0% | NEW | New buy |
| 48 | XLF | Ss Financial Select Sector | 0% | — | Unchanged |
| 49 | EMR | Emerson Electric Co | 0% | -0.47% | Trim |
| 50 | XLV | Ss Health Care Select Sector | 0% | — | Unchanged |
1–50 of 160
* 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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.3B, spread across 161 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) — $82.5M (6.5%)
2. Alphabet Inc-cl A (GOOGL) — $73.2M (5.8%)
3. Apple Inc (AAPL) — $71.9M (5.7%)
4. Ishares Gold Trust (IAU) — $68.8M (5.4%)
5. Microsoft CORP (MSFT) — $58.1M (4.6%)
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 103 notable position adjustments: 10 new positions were initiated, 29 existing holdings were added to, 63 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: ; Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; New buy: Ishares Bitcoin Trust ETF (IBIT)
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: 35.8%
• Financials: 11.9%
• Communication Services: 10.1%
• Health Care: 9.8%
• Consumer Discretionary: 9.6%
• Consumer Staples: 7.9%
Investment Profile
Forbes J M & Co LLP returned an annualized 19.5% over the trailing 36 months — outperforming the S&P 500 by 2.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.81 (less volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 35.8% of the portfolio concentrated in Information Technology.
It has added to its JNJ position over the past two quarters (+$5.7M, now $29.8M), while trimming IAU over the same stretch (-$27.2M, still holding $68.8M).
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