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J.M. Forbes & Co. LLP
Jeffrey L. Bernier · Investment Advisor · Value
J.M. Forbes & Co. LLP is a private investment advisory and trust management firm based in Boston, Massachusetts. Founded in 1838 by John Murray Forbes, it is one of the oldest independent financial firms in the United States. The firm provides personalized money management, trustee services, estate planning, and tax services to a select group of individuals, families, trusts, and foundations. J.M. Forbes & Co. focuses on long-term capital preservation and achieving strong risk-adjusted returns through a core investment style that emphasizes established, high-quality companies with strong balance sheets and attractive valuations.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +13.7% |
| YTD return | +7.7% |
| Sharpe ratio | 3.75 |
| Win rate | 53% |
| AUM | $0.7B |
| Inception | Oct 1, 2025 |
| Updated | Sep 16, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.7B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | http://www.jmforbes.com |
Current Holdings
Updated on Sep 16, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| NVDA | NVIDIA Corporation | 12.4% | +12.7% |
| AAPL | Apple Inc | 11.9% | +27.9% |
| GOOGL | Alphabet Inc Class A | 10.1% | +35.1% |
| MSFT | Microsoft Corporation | 8.6% | -1.7% |
| AVGO | Broadcom Inc | 6.5% | +0.3% |
| AMZN | Amazon.com Inc | 6.3% | +10.5% |
| JPM | JPMorgan Chase & Co | 5.0% | +12.9% |
| JNJ | Johnson & Johnson | 4.4% | +36.5% |
| BAC | Bank of America Corp | 4.1% | +13.7% |
| V | Visa Inc. Class A | 3.4% | +7.2% |
| MRK | Merck & Company Inc | 3.2% | +49.2% |
| KO | The Coca-Cola Company | 2.9% | +29.1% |
| WMT | Walmart Inc. Common Stock | 2.9% | +2.7% |
| LIN | Linde plc Ordinary Shares | 2.8% | -1.0% |
| NEE | Nextera Energy Inc | 2.8% | +0.7% |
| TJX | The TJX Companies Inc | 2.8% | -15.2% |
| PG | Procter & Gamble Company | 2.5% | -3.1% |
| UNP | Union Pacific Corporation | 2.5% | +3.6% |
| ETN | Eaton Corporation PLC | 2.4% | +8.6% |
| ANET | Arista Networks | 2.3% | +13.3% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Jul 27, 2026 | BUY | ANET | 0.0% → 2.3% |
| Jul 27, 2026 | SELL | JNJ | 4.2% → 4.4% |
| Jul 27, 2026 | SELL | ABT | 2.0% → 0.0% |
| Jul 27, 2026 | SELL | MRK | 3.1% → 3.2% |
| Jul 27, 2026 | SELL | V | 3.4% → 3.4% |
Investment Style Analysis
J.M. Forbes & Co. LLP is widely recognized for employing a Value strategy. As of Sep 16, 2026, the firm oversees approximately $0.7B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Consumer Electronics sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Jul 27, J.M. Forbes & Co. LLP made a significant move by increasing exposure to ANET. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The firm's philosophy is rooted in a fiduciary tradition that emphasizes capital preservation and strong risk-adjusted returns over a long-term horizon. They employ a core investment strategy tailored to specific client needs, building portfolios of 40-50 companies selected for their long-term growth prospects, dividend appreciation, and fundamental stability. They believe a multi-generational time horizon provides a strategic advantage, allowing them to position portfolios to benefit from major trends rather than short-term market volatility.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with J.M. Forbes & Co. LLP.
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Frequently asked questions
How is the simulated portfolio for J.M. Forbes & Co. LLP constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is J.M. Forbes & Co. LLP's largest holding?
As of the latest filing, J.M. Forbes & Co. LLP's top position is NVIDIA Corporation (NVDA), representing 12.4% of the portfolio. This reflects a high-conviction bet by the institution.
What is J.M. Forbes & Co. LLP's historical performance and risk profile?
Our simulation indicates a total return of +13.7% with a win rate of 53%. Notably, the portfolio maintains a Sharpe Ratio of 3.75, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does J.M. Forbes & Co. LLP primarily invest in?
J.M. Forbes & Co. LLP has a strong preference for the Semiconductors sector, which makes up 19.0% of their disclosed assets. The portfolio also has exposure to Consumer Electronics, indicating a specific thematic focus.
Is J.M. Forbes & Co. LLP's portfolio concentrated or diversified?
J.M. Forbes & Co. LLP runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 34.4% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has J.M. Forbes & Co. LLP performed in 2026?
Our AI-simulated model portfolio for J.M. Forbes & Co. LLP tracks a Year-to-Date (YTD) return of +7.7%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Jeffrey L. Bernier manage J.M. Forbes & Co. LLP directly?
Yes, Jeffrey L. Bernier serves as the key portfolio manager for J.M. Forbes & Co. LLP, overseeing the investment strategy and final capital allocation decisions.