13F HOLDINGS REPORT
FORBES J M & CO LLP
Quarter ended Q4 2025 · Filed January 21, 2026 · Accession 0001140361-26-001778
Total Value
$1.24B
Positions
144
Other Managers
0
Confidential Omitted
No
Holdings (144)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES GOLD TRUST | IAU | 1,183,161 | $96.0M | 7.78% |
| 2 | NVIDIA CORP | NVDA | 412,326 | $76.9M | 6.23% |
| 3 | MICROSOFT CORP | MSFT | 157,727 | $76.3M | 6.18% |
| 4 | ALPHABET INC CL A | GOOG | 227,545 | $71.2M | 5.77% |
| 5 | APPLE INC | AAPL | 246,287 | $67.0M | 5.42% |
| 6 | AMAZON.COM INC | AMZN | 190,229 | $43.9M | 3.56% |
| 7 | BROADCOM INC | AVGO | 118,669 | $41.1M | 3.33% |
| 8 | SS ENERGY SELECT SECTOR | 81369y506 | 766,392 | $34.3M | 2.77% |
| 9 | JP MORGAN CHASE & CO | VYLD | 98,566 | $31.8M | 2.57% |
| 10 | BANK OF AMERICA CORP | 060505104 | 464,194 | $25.5M | 2.07% |
| 11 | STE ST TECH SELECT SECTOR SPDR ETF | 81369y803 | 174,798 | $25.2M | 2.04% |
| 12 | JOHNSON & JOHNSON | JNJ | 116,707 | $24.2M | 1.96% |
| 13 | VISA INC CL A | V | 66,918 | $23.5M | 1.90% |
| 14 | INTL. BUSINESS MACHINES CORP | INTR | 71,344 | $21.1M | 1.71% |
| 15 | WALMART INC | WMT | 185,319 | $20.6M | 1.67% |
| 16 | VANGUARD DIVIDEND APPREC ETF | 921908844 | 87,865 | $19.3M | 1.56% |
| 17 | TJX COS INC | 872540109 | 125,341 | $19.3M | 1.56% |
| 18 | MERCK & CO INC | MRK | 170,967 | $18.0M | 1.46% |
| 19 | NEXTERA ENERGY INC | NEE-PW | 218,563 | $17.5M | 1.42% |
| 20 | ABBOTT LABS | ABLZF | 139,534 | $17.5M | 1.42% |
| 21 | COCA COLA CO | KO | 248,571 | $17.4M | 1.41% |
| 22 | PROCTER & GAMBLE CO | 742718109 | 118,944 | $17.0M | 1.38% |
| 23 | LINDE PLC | LIN | 38,566 | $16.4M | 1.33% |
| 24 | ST STRT FINNCIAL SLCT SCTOR SPDR ETF | 81369y605 | 268,854 | $14.7M | 1.19% |
| 25 | ISHARES CORE S&P MID-CAP ETF | 464287507 | 216,846 | $14.3M | 1.16% |
| 26 | SPDR PORTFOLIO EMERGING MARKETS ETF | 78463x509 | 287,113 | $13.4M | 1.09% |
| 27 | PEPSICO INC | PEP | 91,651 | $13.2M | 1.07% |
| 28 | INTERCONTINENTAL EXCHANGE INC | ICE | 80,947 | $13.1M | 1.06% |
| 29 | UNION PAC CORP | UNP | 55,903 | $12.9M | 1.05% |
| 30 | EATON CORP PLC | ETN | 40,143 | $12.8M | 1.04% |
| 31 | STE ST INDUSTRIAL SLCT SCTR SPDR ETF | 81369y704 | 82,117 | $12.7M | 1.03% |
| 32 | EMERSON ELEC CO | EMR | 95,811 | $12.7M | 1.03% |
| 33 | LILLY ELI & CO | LLY | 11,747 | $12.6M | 1.02% |
| 34 | XYLEM INC | XYL | 86,616 | $11.8M | 0.96% |
| 35 | PROGRESSIVE CORP | 743315103 | 49,215 | $11.2M | 0.91% |
| 36 | ISHARES CORE INTL STOCK ETF | 46432f834 | 122,947 | $10.4M | 0.84% |
| 37 | STST CNSMRDSCRTNRY SLCTSCTR SPDR ETF | 81369y407 | 85,054 | $10.2M | 0.82% |
| 38 | ARISTA NETWORKS INC | ANET | 72,247 | $9.5M | 0.77% |
| 39 | CISCO SYSTEMS INC | CSCO | 122,275 | $9.4M | 0.76% |
| 40 | ECOLAB INC | ECL | 34,036 | $8.9M | 0.72% |
| 41 | HOME DEPOT INC | HD | 25,228 | $8.7M | 0.70% |
| 42 | GINKGO BIOWORKS HOLDINGS INC CL A | DNABW | 1,040,441 | $8.6M | 0.70% |
| 43 | SERVICENOW INC | NOW | 54,739 | $8.4M | 0.68% |
| 44 | STE ST HLTH CR SLCT SECTOR SPDR ETF | 81369y209 | 54,169 | $8.4M | 0.68% |
| 45 | ISHARES CORE S&P TOTAL U.S. | 464287150 | 56,115 | $8.3M | 0.68% |
| 46 | VERIZON COMMUNICATIONS | VZ | 201,253 | $8.2M | 0.66% |
| 47 | RIO TINTO PLC SPONS ADR | RTNTF | 96,978 | $7.8M | 0.63% |
| 48 | PROLOGIS INC REIT | PLDGP | 60,676 | $7.7M | 0.63% |
| 49 | STST CMMNCN SRVCS SLCT SCTR SPDR ETF | 81369y852 | 63,576 | $7.5M | 0.61% |
| 50 | META PLATFORMS INC CL A | META | 11,197 | $7.4M | 0.60% |
| 51 | ISHARES BIOTECHNOLOGY ETF | 464287556 | 43,700 | $7.4M | 0.60% |
| 52 | PALO ALTO NETWORKS INC | PANW | 38,637 | $7.1M | 0.58% |
| 53 | BECTON DICKINSON | BDX | 36,014 | $7.0M | 0.57% |
| 54 | ZOETIS INC | ZTS | 55,018 | $6.9M | 0.56% |
| 55 | O'REILLY AUTOMOTIVE INC | ORLY | 74,359 | $6.8M | 0.55% |
| 56 | BERKSHIRE HATHAWAY INC-CL B | BRK-A | 12,373 | $6.2M | 0.50% |
| 57 | TESLA INC | TSLA | 13,340 | $6.0M | 0.49% |
| 58 | EXXON MOBIL CORP | XOM | 44,922 | $5.4M | 0.44% |
| 59 | ALPHABET INC CL C | GOOG | 16,009 | $5.0M | 0.41% |
| 60 | SS UTILITIES SELECT SECTOR | 81369y886 | 85,378 | $3.6M | 0.30% |
| 61 | ISHARES ESG MSCI KLD 400 ETF | 464288570 | 28,142 | $3.6M | 0.29% |
| 62 | ABBVIE INC | ABBV | 13,432 | $3.1M | 0.25% |
| 63 | STE ST REAL ESTATE SLCT SCT SPDR ETF | 81369y860 | 74,904 | $3.0M | 0.24% |
| 64 | SPDR GOLD MINISHARES TRUST ETF | GLD | 29,211 | $2.5M | 0.20% |
| 65 | AUTOMATIC DATA PROCESSING INC | ADP | 9,347 | $2.4M | 0.19% |
| 66 | ADOBE INC | ADBE | 6,724 | $2.4M | 0.19% |
| 67 | MCDONALDS CORP | MCD | 7,313 | $2.2M | 0.18% |
| 68 | SPDR GOLD TRUST | GLD | 5,406 | $2.1M | 0.17% |
| 69 | MASTERCARD INC CL A | MA | 3,671 | $2.1M | 0.17% |
| 70 | COSTCO WHOLESALE CORP | COST | 2,407 | $2.1M | 0.17% |
| 71 | ISHARES CORE S&P 500 ETF | 464287200 | 2,675 | $1.8M | 0.15% |
| 72 | HONEYWELL INTERNATIONAL INC | 438516106 | 7,804 | $1.5M | 0.12% |
| 73 | SALESFORCE INC | CRM | 5,608 | $1.5M | 0.12% |
| 74 | RTX CORPORATION | RTX | 7,497 | $1.4M | 0.11% |
| 75 | AKRE FOCUS ETF | 74316p579 | 20,212 | $1.3M | 0.11% |
| 76 | DISNEY WALT CO NEW | 254687106 | 10,144 | $1.2M | 0.09% |
| 77 | INTUIT INC | INTU | 1,635 | $1.1M | 0.09% |
| 78 | ST STRT MATRIALS SLCT SCTR SPDR ETF | 81369y100 | 22,610 | $1.0M | 0.08% |
| 79 | CHEVRON CORPORATION | CVX | 6,637 | $1.0M | 0.08% |
| 80 | STRYKER CORPORATION | SYK | 2,852 | $1.0M | 0.08% |
| 81 | INTEL CORP | INTC | 26,921 | $993,385 | 0.08% |
| 82 | ACCENTURE PLC CL A | ACN | 3,674 | $985,734 | 0.08% |
| 83 | BBH SELECT LARGE CAP ETF | 05528c675 | 59,338 | $956,534 | 0.08% |
| 84 | ROYAL BANK OF CANADA | 780087102 | 5,600 | $954,744 | 0.08% |
| 85 | CHARLES SCHWAB CORP | SCHW-PJ | 9,502 | $949,345 | 0.08% |
| 86 | ANALOG DEVICES INC | ADI | 3,496 | $948,115 | 0.08% |
| 87 | JPMORGAN ULTRA-SHORT INCOME ETF | 46641q837 | 15,987 | $808,782 | 0.07% |
| 88 | CATERPILLAR INC | CAT | 1,390 | $796,289 | 0.06% |
| 89 | AIR PRODUCTS & CHEMICALS INC | AIIR | 3,120 | $770,702 | 0.06% |
| 90 | BERKSHIRE HATHAWAY INC CL A | BRK-A | 1 | $754,800 | 0.06% |
| 91 | AXSOME THERAPEUTICS INC | AXSM | 3,704 | $676,499 | 0.05% |
| 92 | INTUITIVE SURGICAL INC | ISRG | 1,112 | $629,792 | 0.05% |
| 93 | BLACKSTONE INC | BX | 4,084 | $629,508 | 0.05% |
| 94 | PNC FINANCIAL SERVICES GROUP | 693475105 | 2,955 | $616,797 | 0.05% |
| 95 | NESTLE SA SPONS ADR | 641069406 | 6,219 | $614,313 | 0.05% |
| 96 | US BANCORP NEW | USB-PS | 11,438 | $610,332 | 0.05% |
| 97 | ILLINOIS TOOL WKS INC | 452308109 | 2,399 | $590,874 | 0.05% |
| 98 | CHURCH & DWIGHT INC | CHD | 6,930 | $581,080 | 0.05% |
| 99 | SPDR S&P 500 ETF TRUST | SPY | 834 | $568,721 | 0.05% |
| 100 | STATE STREET CORP | STT-PG | 4,269 | $550,744 | 0.04% |
| 101 | BOEING CO | BA-PA | 2,436 | $528,904 | 0.04% |
| 102 | BRISTOL MYERS SQUIBB CO | CELG-RI | 9,472 | $510,920 | 0.04% |
| 103 | YUM BRANDS INC | YUM | 3,328 | $503,460 | 0.04% |
| 104 | 3M CO | MMM | 3,104 | $496,950 | 0.04% |
| 105 | NIKE INC-CLASS B | NKE | 7,755 | $494,071 | 0.04% |
| 106 | COMCAST CORP CL A | CCZ | 16,504 | $493,305 | 0.04% |
| 107 | GE AEROSPACE | 369604301 | 1,596 | $491,616 | 0.04% |
| 108 | ORACLE CORPORATION | ORCL-PD | 2,402 | $468,174 | 0.04% |
| 109 | NUVECTIS PHARMA INC | NVCT | 59,000 | $445,450 | 0.04% |
| 110 | BANK OF NOVA SCOTIA HALIFAX | 064149107 | 6,000 | $442,140 | 0.04% |
| 111 | PFIZER INC | PFE | 17,686 | $440,381 | 0.04% |
| 112 | DANAHER CORP | 235851102 | 1,750 | $400,610 | 0.03% |
| 113 | WEYERHAEUSER CO REIT | WY | 15,442 | $365,821 | 0.03% |
| 114 | ISHARES CORE S&P 500 ETF | 464287200 | 522 | $357,539 | 0.03% |
| 115 | GENUINE PARTS CO | GPC | 2,865 | $352,280 | 0.03% |
| 116 | CORTEVA INC | CTVA | 5,107 | $342,322 | 0.03% |
| 117 | POWER CORP OF CANADA | 739239101 | 6,409 | $341,215 | 0.03% |
| 118 | BIOGEN INC | BIIB | 1,869 | $328,925 | 0.03% |
| 119 | S&P GLOBAL INC | SPGI | 627 | $327,664 | 0.03% |
| 120 | STARBUCKS CORP | SBUX | 3,881 | $326,819 | 0.03% |
| 121 | CINCINNATI FINANCIAL CORP | 172062101 | 1,996 | $325,987 | 0.03% |
| 122 | CARRIER GLOBAL CORP | CARR | 6,053 | $319,841 | 0.03% |
| 123 | NETFLIX INC | NFLX | 3,280 | $307,533 | 0.02% |
| 124 | PROGRESS SOFTWARE CORP | 743312100 | 7,120 | $305,875 | 0.02% |
| 125 | CANADIAN NATIONAL RAILWAY CO | 136375102 | 3,090 | $305,446 | 0.02% |
| 126 | PACCAR INC | PCAR | 2,664 | $291,735 | 0.02% |
| 127 | FISERV INC | FISV | 4,343 | $291,719 | 0.02% |
| 128 | QUALCOMM INC | QCOM | 1,680 | $287,364 | 0.02% |
| 129 | EDWARDS LIFESCIENCES CORP | EW | 3,316 | $282,689 | 0.02% |
| 130 | ENTERPRISE PRODS PARTNERS LP | 293792107 | 8,500 | $272,510 | 0.02% |
| 131 | INVESCO QQQ TRUST SERIES 1 | IVZ | 439 | $269,682 | 0.02% |
| 132 | PAYCHEX INC | PAYX | 2,386 | $267,661 | 0.02% |
| 133 | ISHARES 7-10 YEAR TREASURY B | 464287440 | 2,732 | $262,709 | 0.02% |
| 134 | LAM RESEARCH CORPORATION | LRCX | 1,496 | $256,085 | 0.02% |
| 135 | OTIS WORLDWIDE CORP | OTIS | 2,806 | $245,104 | 0.02% |
| 136 | TARGET CORP | TGT | 2,472 | $241,638 | 0.02% |
| 137 | UNITED RENTALS INC | URI | 290 | $234,703 | 0.02% |
| 138 | SOUTHERN COMPANY | SOMN | 2,488 | $216,954 | 0.02% |
| 139 | SPDR S&P MIDCAP 400 ETF TRUST | MDY | 358 | $215,974 | 0.02% |
| 140 | MORGAN STANLEY | MS-PQ | 1,186 | $210,551 | 0.02% |
| 141 | QNITY ELECTRONICS INC | Q | 2,490 | $203,308 | 0.02% |
| 142 | DUPONT DE NEMOURS INC | DD | 4,988 | $200,518 | 0.02% |
| 143 | ZOETIS INC | ZTS | 400 | $50,328 | 0.00% |
| 144 | AUTOMATIC DATA PROCESSING INC | ADP | 100 | $25,723 | 0.00% |