13F HOLDINGS REPORT
FORBES J M & CO LLP
Quarter ended Q3 2025 · Filed October 28, 2025 · Accession 0001140361-25-039557
Total Value
$1.20B
Positions
143
Other Managers
0
Confidential Omitted
No
Holdings (143)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES GOLD TRUST | IAU | 1,177,418 | $85.7M | 7.12% |
| 2 | MICROSOFT CORP | MSFT | 157,067 | $81.4M | 6.76% |
| 3 | NVIDIA CORP | NVDA | 409,314 | $76.4M | 6.35% |
| 4 | APPLE INC | AAPL | 246,592 | $62.8M | 5.22% |
| 5 | ALPHABET INC CL A | GOOG | 228,156 | $55.5M | 4.61% |
| 6 | AMAZON.COM INC | AMZN | 188,687 | $41.4M | 3.44% |
| 7 | BROADCOM INC | AVGO | 117,739 | $38.8M | 3.23% |
| 8 | ENERGY SELECT SECTOR SPDR | 81369y506 | 379,416 | $33.9M | 2.82% |
| 9 | JP MORGAN CHASE & CO | VYLD | 97,707 | $30.8M | 2.56% |
| 10 | TECHNOLOGY SELECT SECT SPDR | 81369y803 | 87,399 | $24.6M | 2.05% |
| 11 | BANK OF AMERICA CORP | 060505104 | 458,916 | $23.7M | 1.97% |
| 12 | VISA INC CL A | V | 66,462 | $22.7M | 1.89% |
| 13 | JOHNSON & JOHNSON | JNJ | 115,972 | $21.5M | 1.79% |
| 14 | INTL. BUSINESS MACHINES CORP | INTR | 70,590 | $19.9M | 1.66% |
| 15 | WALMART INC | WMT | 184,430 | $19.0M | 1.58% |
| 16 | VANGUARD DIVIDEND APPREC ETF | 921908844 | 87,751 | $18.9M | 1.57% |
| 17 | ABBOTT LABS | ABLZF | 139,005 | $18.6M | 1.55% |
| 18 | PROCTER & GAMBLE CO | 742718109 | 118,694 | $18.2M | 1.52% |
| 19 | LINDE PLC | LIN | 38,386 | $18.2M | 1.52% |
| 20 | TJX COS INC | 872540109 | 124,057 | $17.9M | 1.49% |
| 21 | COCA COLA CO | KO | 246,757 | $16.4M | 1.36% |
| 22 | NEXTERA ENERGY INC | NEE-PW | 216,773 | $16.4M | 1.36% |
| 23 | GINKGO BIOWORKS HOLDINGS INC CL A | DNABW | 1,060,341 | $15.5M | 1.28% |
| 24 | EATON CORP PLC | ETN | 39,781 | $14.9M | 1.24% |
| 25 | FINANCIAL SELECT SECTOR SPDR | 81369y605 | 268,854 | $14.5M | 1.20% |
| 26 | MERCK & CO INC | MRK | 169,447 | $14.2M | 1.18% |
| 27 | ISHARES CORE S&P MID-CAP ETF | 464287507 | 213,957 | $14.0M | 1.16% |
| 28 | INTERCONTINENTAL EXCHANGE INC | ICE | 80,545 | $13.6M | 1.13% |
| 29 | SPDR PORTFOLIO EMERGING MARKETS ETF | 78463x509 | 282,138 | $13.2M | 1.10% |
| 30 | UNION PAC CORP | UNP | 55,510 | $13.1M | 1.09% |
| 31 | PEPSICO INC | PEP | 91,088 | $12.8M | 1.06% |
| 32 | INDUSTRIAL SELECT SECTOR SPDR | 81369y704 | 82,117 | $12.7M | 1.05% |
| 33 | XYLEM INC | XYL | 85,616 | $12.6M | 1.05% |
| 34 | HONEYWELL INTERNATIONAL INC | 438516106 | 57,886 | $12.2M | 1.01% |
| 35 | PROGRESSIVE CORP | 743315103 | 49,009 | $12.1M | 1.01% |
| 36 | ARISTA NETWORKS INC | ANET | 71,111 | $10.4M | 0.86% |
| 37 | CONSUMER DISCRETIONARY SELECT | 81369y407 | 42,527 | $10.2M | 0.85% |
| 38 | HOME DEPOT INC | HD | 25,090 | $10.2M | 0.84% |
| 39 | SERVICENOW INC | NOW | 10,940 | $10.1M | 0.84% |
| 40 | ISHARES CORE INTL STOCK ETF | 46432f834 | 120,221 | $9.9M | 0.83% |
| 41 | ECOLAB INC | ECL | 33,687 | $9.2M | 0.77% |
| 42 | SALESFORCE INC | CRM | 37,770 | $9.0M | 0.74% |
| 43 | LILLY ELI & CO | LLY | 11,714 | $8.9M | 0.74% |
| 44 | VERIZON COMMUNICATIONS | VZ | 200,917 | $8.8M | 0.73% |
| 45 | ISHARES CORE S&P TOTAL U.S. | 464287150 | 56,952 | $8.3M | 0.69% |
| 46 | CISCO SYSTEMS INC | CSCO | 120,679 | $8.3M | 0.69% |
| 47 | META PLATFORMS INC CL A | META | 11,231 | $8.2M | 0.69% |
| 48 | ZOETIS INC | ZTS | 55,105 | $8.1M | 0.67% |
| 49 | O'REILLY AUTOMOTIVE INC | ORLY | 73,450 | $7.9M | 0.66% |
| 50 | PALO ALTO NETWORKS INC | PANW | 38,108 | $7.8M | 0.64% |
| 51 | HEALTH CARE SELECT SECTOR | 81369y209 | 54,169 | $7.5M | 0.63% |
| 52 | COMM SERV SELECT SECTOR SPDR | 81369y852 | 63,576 | $7.5M | 0.63% |
| 53 | PROLOGIS INC REIT | PLDGP | 60,123 | $6.9M | 0.57% |
| 54 | BECTON DICKINSON | BDX | 35,927 | $6.7M | 0.56% |
| 55 | RIO TINTO PLC SPONS ADR | RTNTF | 95,645 | $6.3M | 0.52% |
| 56 | ISHARES BIOTECHNOLOGY ETF | 464287556 | 43,217 | $6.2M | 0.52% |
| 57 | BERKSHIRE HATHAWAY INC-CL B | BRK-A | 12,373 | $6.2M | 0.52% |
| 58 | TESLA INC | TSLA | 13,415 | $6.0M | 0.50% |
| 59 | EXXON MOBIL CORP | XOM | 44,853 | $5.1M | 0.42% |
| 60 | ALPHABET INC CL C | GOOG | 16,043 | $3.9M | 0.32% |
| 61 | UTILITIES SELECT SECTOR SPDR | 81369y886 | 42,689 | $3.7M | 0.31% |
| 62 | ISHARES ESG MSCI KLD 400 ETF | 464288570 | 28,115 | $3.5M | 0.29% |
| 63 | ABBVIE INC | ABBV | 13,635 | $3.2M | 0.26% |
| 64 | REAL ESTATE SELECT SECT SPDR | 81369y860 | 74,904 | $3.2M | 0.26% |
| 65 | AUTOMATIC DATA PROCESSING INC | ADP | 9,228 | $2.7M | 0.23% |
| 66 | ADOBE INC | ADBE | 7,141 | $2.5M | 0.21% |
| 67 | COSTCO WHOLESALE CORP | COST | 2,434 | $2.3M | 0.19% |
| 68 | MCDONALDS CORP | MCD | 7,305 | $2.2M | 0.18% |
| 69 | SPDR GOLD MINISHARES TRUST ETF | GLD | 28,711 | $2.2M | 0.18% |
| 70 | MASTERCARD INC CL A | MA | 3,676 | $2.1M | 0.17% |
| 71 | SPDR GOLD TRUST | GLD | 5,406 | $1.9M | 0.16% |
| 72 | ISHARES CORE S&P 500 ETF | 464287200 | 2,675 | $1.8M | 0.15% |
| 73 | EMERSON ELEC CO | EMR | 12,090 | $1.6M | 0.13% |
| 74 | RTX CORPORATION | RTX | 7,607 | $1.3M | 0.11% |
| 75 | DISNEY WALT CO NEW | 254687106 | 10,196 | $1.2M | 0.10% |
| 76 | INTUIT INC | INTU | 1,635 | $1.1M | 0.09% |
| 77 | CHARLES SCHWAB CORP | SCHW-PJ | 11,302 | $1.1M | 0.09% |
| 78 | STRYKER CORPORATION | SYK | 2,884 | $1.1M | 0.09% |
| 79 | CHEVRON CORPORATION | CVX | 6,687 | $1.0M | 0.09% |
| 80 | MATERIALS SELECT SECTOR SPDR TRUST | 81369y100 | 11,305 | $1.0M | 0.08% |
| 81 | ACCENTURE PLC CL A | ACN | 3,738 | $921,791 | 0.08% |
| 82 | INTEL CORP | INTC | 26,936 | $903,703 | 0.08% |
| 83 | ORACLE CORPORATION | ORCL-PD | 3,124 | $878,594 | 0.07% |
| 84 | ANALOG DEVICES INC | ADI | 3,496 | $858,967 | 0.07% |
| 85 | AIR PRODUCTS & CHEMICALS INC | AIIR | 3,120 | $850,886 | 0.07% |
| 86 | ROYAL BANK OF CANADA | 780087102 | 5,600 | $824,992 | 0.07% |
| 87 | BERKSHIRE HATHAWAY INC CL A | BRK-A | 1 | $754,200 | 0.06% |
| 88 | BLACKSTONE INC | BX | 4,109 | $702,023 | 0.06% |
| 89 | ILLINOIS TOOL WKS INC | 452308109 | 2,401 | $626,085 | 0.05% |
| 90 | NESTLE SA SPONS ADR | 641069406 | 6,643 | $609,628 | 0.05% |
| 91 | CATERPILLAR INC | CAT | 1,277 | $609,321 | 0.05% |
| 92 | CHURCH & DWIGHT INC | CHD | 6,930 | $607,276 | 0.05% |
| 93 | PNC FINANCIAL SERVICES GROUP | 693475105 | 2,955 | $593,748 | 0.05% |
| 94 | FISERV INC | FISV | 4,483 | $577,993 | 0.05% |
| 95 | US BANCORP NEW | USB-PS | 11,438 | $552,799 | 0.05% |
| 96 | SPDR S&P 500 ETF TRUST | SPY | 816 | $543,603 | 0.05% |
| 97 | NIKE INC-CLASS B | NKE | 7,755 | $540,756 | 0.04% |
| 98 | BOEING CO | BA-PA | 2,436 | $525,762 | 0.04% |
| 99 | COMCAST CORP CL A | CCZ | 16,548 | $519,938 | 0.04% |
| 100 | INTUITIVE SURGICAL INC | ISRG | 1,122 | $501,792 | 0.04% |
| 101 | YUM BRANDS INC | YUM | 3,285 | $499,320 | 0.04% |
| 102 | JPMORGAN ULTRA-SHORT INCOME ETF | 46641q837 | 9,791 | $496,697 | 0.04% |
| 103 | STATE STREET CORP | STT-PG | 4,269 | $495,247 | 0.04% |
| 104 | GE AEROSPACE | 369604301 | 1,596 | $480,109 | 0.04% |
| 105 | 3M CO | MMM | 3,040 | $471,747 | 0.04% |
| 106 | PFIZER INC | PFE | 17,911 | $456,372 | 0.04% |
| 107 | AXSOME THERAPEUTICS INC | AXSM | 3,704 | $449,851 | 0.04% |
| 108 | BRISTOL MYERS SQUIBB CO | CELG-RI | 9,491 | $428,044 | 0.04% |
| 109 | GENUINE PARTS CO | GPC | 2,865 | $397,089 | 0.03% |
| 110 | NETFLIX INC | NFLX | 328 | $393,246 | 0.03% |
| 111 | DUPONT DE NEMOURS INC | DD | 4,991 | $388,799 | 0.03% |
| 112 | BANK OF NOVA SCOTIA HALIFAX | 064149107 | 6,000 | $387,900 | 0.03% |
| 113 | WEYERHAEUSER CO REIT | WY | 15,450 | $383,005 | 0.03% |
| 114 | PAYCHEX INC | PAYX | 2,884 | $365,576 | 0.03% |
| 115 | CARRIER GLOBAL CORP | CARR | 6,053 | $361,364 | 0.03% |
| 116 | DANAHER CORP | 235851102 | 1,792 | $355,282 | 0.03% |
| 117 | NUVECTIS PHARMA INC | NVCT | 59,000 | $355,180 | 0.03% |
| 118 | CORTEVA INC | CTVA | 5,110 | $345,589 | 0.03% |
| 119 | STARBUCKS CORP | SBUX | 3,889 | $329,009 | 0.03% |
| 120 | CINCINNATI FINANCIAL CORP | 172062101 | 1,996 | $315,568 | 0.03% |
| 121 | PROGRESS SOFTWARE CORP | 743312100 | 7,120 | $312,782 | 0.03% |
| 122 | S&P GLOBAL INC | SPGI | 627 | $305,167 | 0.03% |
| 123 | ISHARES CORE S&P 500 ETF | 464287200 | 450 | $301,185 | 0.03% |
| 124 | CANADIAN NATIONAL RAILWAY CO | 136375102 | 3,096 | $291,953 | 0.02% |
| 125 | QUALCOMM INC | QCOM | 1,690 | $281,148 | 0.02% |
| 126 | POWER CORP OF CANADA | 739239101 | 6,409 | $277,253 | 0.02% |
| 127 | UNITED RENTALS INC | URI | 290 | $276,851 | 0.02% |
| 128 | ENTERPRISE PRODS PARTNERS LP | 293792107 | 8,500 | $265,795 | 0.02% |
| 129 | ISHARES 7-10 YEAR TREASURY B | 464287440 | 2,732 | $263,529 | 0.02% |
| 130 | PACCAR INC | PCAR | 2,664 | $261,924 | 0.02% |
| 131 | BIOGEN INC | BIIB | 1,869 | $261,810 | 0.02% |
| 132 | EDWARDS LIFESCIENCES CORP | EW | 3,316 | $257,885 | 0.02% |
| 133 | OTIS WORLDWIDE CORP | OTIS | 2,810 | $256,918 | 0.02% |
| 134 | SOUTHERN COMPANY | SOMN | 2,488 | $235,788 | 0.02% |
| 135 | INVESCO QQQ TRUST SERIES 1 | IVZ | 374 | $224,538 | 0.02% |
| 136 | TARGET CORP | TGT | 2,472 | $221,738 | 0.02% |
| 137 | AMERICAN TOWER CORP REIT | AMT | 1,128 | $216,937 | 0.02% |
| 138 | LOCKHEED MARTIN CORP | LMT | 425 | $212,164 | 0.02% |
| 139 | CHECK POINT SOFTWARE TECH LTD | CHKP | 1,005 | $207,945 | 0.02% |
| 140 | SPDR S&P MIDCAP 400 ETF TRUST | MDY | 338 | $201,458 | 0.02% |
| 141 | LAM RESEARCH CORPORATION | LRCX | 1,496 | $200,314 | 0.02% |
| 142 | ZOETIS INC | ZTS | 400 | $58,528 | 0.00% |
| 143 | AUTOMATIC DATA PROCESSING INC | ADP | 100 | $29,350 | 0.00% |