FORBES J M & CO LLP

RIA/Wealth

FORBES J M & CO LLP is a RIA/Wealth based in Boston, MA led by Jeffrey Lee Bernier, reporting $1.4B in AUM as of Q3 2025 with IAU as the largest holding (7% allocation).

COOJeffrey Lee Bernier

Portfolio Value: $1.2B
Positions: 137
Top Holding: IAU at 7.22%
Last Reported: Q3 2025

Address121 Mount Vernon Street, Boston, MA, 02108, United States

Top Holdings

Largest long holdings in FORBES J M & CO LLP's portfolio (44.8% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 IAU iShares Gold Trust IAU	Unknown Unknown	$85.7M	7.22%	+$711.5K Bought	— 1.2M shares	Q3 2023 Held for 2y 2m
2 Microsoft MSFT	Software - Infrastructure Technology	$81.4M	6.85%	+$369.8K Bought	0.00% 157.1K shares	≤ Q2 2013 Held for 12y 5m+
3 Nvidia NVDA	Semiconductors Technology	$76.4M	6.43%	+$663.7K Bought	0.00% 409.3K shares	Q3 2020 Held for 5y 2m
4 Apple AAPL	Consumer Electronics Technology	$62.8M	5.29%	+$332.5K Bought	0.00% 246.6K shares	≤ Q2 2013 Held for 12y 5m+
5 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$55.5M	4.67%	+$417.4K Bought	0.00% 228.2K shares	≤ Q2 2013 Held for 12y 5m+
6 Amazon AMZN	Specialty Retail Consumer Cyclical	$41.4M	3.49%	+$133.5K Bought	0.00% 188.7K shares	Q2 2016 Held for 9y 5m
7 Broadcom Inc. AVGO	Semiconductors Technology	$38.8M	3.27%	+$365.9K Bought	0.00% 117.7K shares	Q3 2020 Held for 5y 2m
8 Energy Select Sector SPDR Fund XLE	ETF ETF	$33.9M	2.86%	+$283.4K Bought	— 379.4K shares	Q1 2021 Held for 4y 8m
9 JPMorgan Chase JPM	Banks - Diversified Financial Services	$30.8M	2.60%	+$288.6K Bought	0.00% 97.7K shares	Q4 2016 Held for 8y 11m
10 Technology Select Sector SPDR Fund XLK	ETF ETF	$24.6M	2.08%	—	— 87.4K shares	Q2 2023 Held for 2y 5m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in FORBES J M & CO LLP's latest filing

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GthenC

Market Value

$1.2B

Prior: $1.1B

Q/Q Change

+9.88%

+$106.7M

Net Flows % of MV

+1.25%

Turnover Ratio

0.862%

New Purchases

1 stocks

$200.3K

Added To

75 stocks

+$17.2M

Sold Out Of

4 stocks

$760.3K

Reduced Holdings

19 stocks

-$1.8M

Increased Positions

Position	Shares Δ	Change
1 Lam Research LRCX	New	0 → 1.5K +$200.3K
2 Cisco Systems, Inc. CSCO	+258.52%	33.7K → 120.7K +$6.0M
3 Eli Lilly LLY	+37.36%	8.5K → 11.7K +$2.4M
4 Mastercard MA	+33.09%	2.8K → 3.7K +$519.9K
5 Illinois Tool Works ITW	+8.01%	2.2K → 2.4K +$46.4K

Decreased Positions

Position	Shares Δ	Change
1 Roper Technologies, Inc. ROP	Sold	542.0 → 0 −$307.2K
2 JPMorgan Ultra-Short Municipal Income JMST	Sold	4.8K → 0 −$243.7K
3 Corning GLW	Sold	3.9K → 0 −$203.4K
4 Beyond Air XAIR	Sold	1.8K → 0 −$6.0K
5 Edwards Lifesciences EW	-25.8%	4.5K → 3.3K −$89.7K