FORBES J M & CO LLP
Q1 2025 Form 13-F
BOSTON, MASSACHUSETTS
CIK 0001067532
· CRD 107422
· SEC-registered investment adviser
$1.0B Reported Value Total
J.M. FORBES & CO. LLP reports 1,021 total accounts under management (AUM). There are 1,019 discretionary accounts valued at $1,428,204,174, and 2 non-discretionary accounts valued at $1,713,132.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-03-12
Reported value
$1.0B
Quarter over quarter
-2.7%
Holdings
139
Top-10 concentration
41.0%
Key People
Form ADV owners & control persons
Jeffrey Lee Bernier
PARTNER / CHIEF OPERATING OFFICER
Elizabeth Simonds Colt
PARTNER
Bracken Hendricks
PARTNER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q1 2025 13F record
Q1 2025 13F filing summary
| Period of report | March 31, 2025 |
|---|---|
| Filed | May 06, 2025 |
| Form | 13F-HR |
| Reported value | $1.0B |
| Positions | 139 |
| Change in reported value | -0.6% |
| New positions | 5 |
| Exited positions | 7 |
| Position turnover | 8.2% |
| Top-10 concentration | 41.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 16, 2026
|
157 | $1.3B |
|
Q2 2026 13F
Filed Jul 20, 2026
|
159 | $1.3B |
|
Q1 2026 13F
Filed Apr 16, 2026
|
150 | $1.2B |
|
Q4 2025 13F
Filed Jan 21, 2026
|
141 | $1.2B |
|
Q3 2025 13F
Filed Oct 28, 2025
|
140 | $1.2B |
|
Q2 2025 13F
Filed Jul 18, 2025
|
141 | $1.1B |
|
Q1 2025 13F
Filed May 6, 2025
|
139 | $1.0B |
|
Q4 2024 13F
Filed Jan 28, 2025
|
141 | $1.0B |
|
Q3 2024 13F
Filed Oct 24, 2024
|
138 | $1.0B |
|
Q2 2024 13F
Filed Jul 30, 2024
|
133 | $975.9M |
|
Q1 2024 13F
Filed Apr 11, 2024
|
131 | $922.6M |
|
Q4 2023 13F
Filed Feb 8, 2024
|
127 | $860.6M |
|
Q3 2023 13F
Filed Nov 2, 2023
|
125 | $769.4M |
|
Q2 2023 13F
Filed Aug 3, 2023
|
125 | $803.7M |
|
Q1 2023 13F
Filed May 15, 2023
|
108 | $731.2M |
|
Q4 2022 13F
Filed Feb 14, 2023
|
107 | $692.9M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
107 | $639.3M |
|
Q2 2022 13F
Filed Jul 22, 2022
|
114 | $679.5M |
|
Q1 2022 13F
Filed May 9, 2022
|
117 | $790.8M |
|
Q4 2021 13F
Filed Feb 11, 2022
|
117 | $870.6M |
34 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | IAU ISHARES GOLD TRUST | $85.3M | 8.27% |
| 2 | MSFT MICROSOFT CORP | $59.3M | 5.74% |
| 3 | AAPL APPLE INC | $55.9M | 5.42% |
| 4 | NVDA NVIDIA CORP | $50.3M | 4.87% |
| 5 | AMZN AMAZON.COM INC | $35.6M | 3.45% |
| 6 | GOOGL ALPHABET INC CL A | $35.1M | 3.4% |
| 7 | XLE ENERGY SELECT SECTOR SPDR | $35.1M | 3.4% |
| 8 | JPM JP MORGAN CHASE & CO | $23.8M | 2.3% |
| 9 | V VISA INC CL A | $23.1M | 2.23% |
| 10 | PG PROCTER & GAMBLE CO | $20.1M | 1.95% |
| 11 | AVGO BROADCOM INC | $19.5M | 1.89% |
| 12 | JNJ JOHNSON & JOHNSON | $19.4M | 1.88% |
| 13 | BAC BANK OF AMERICA CORP | $18.9M | 1.83% |
| 14 | ABT ABBOTT LABS | $18.6M | 1.8% |
| 15 | XLK TECHNOLOGY SELECT SECT SPDR | $18.0M | 1.75% |
| 16 | LIN LINDE PLC | $17.7M | 1.71% |
| 17 | KO COCA COLA CO | $17.5M | 1.69% |
| 18 | IBM INTL. BUSINESS MACHINES CORP | $17.3M | 1.68% |
| 19 | VIG VANGUARD DIVIDEND APPREC ETF | $16.7M | 1.62% |
| 20 | WMT WALMART INC | $16.0M | 1.55% |
Values as reported on the Q1 2025 Form 13F. Every position is in the holdings table below.