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Livermore
Livermore
ZHEN

Forbes J M & Co LLP

SEC CIK
0001067532
Latest filing
Jul 20, 2026

The latest 13F from Forbes J M & Co LLP covers Q2 2026 (filed Jul 20, 2026): 159 long positions worth $1.27B. The top 10 holdings make up 43.3% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 6.5%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
10
Est. +$6.76M
Added
28
Est. +$4.95M
Reduced
62
Est. −$17.2M
Sold out
1
Est. −$1.71M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    6.5%$82.5MHistory
  2. GOOGLAlphabet Inc.
    5.8%$73.2MHistory
  3. AAPLApple Inc.
    5.7%$71.9MHistory
  4. IAUiShares Gold Trust
    5.4%$68.8MHistory
  5. MSFTMicrosoft Corp
    4.6%$58.1MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. ANETArista Networks, Inc.
    +$3.45MAddedHistory
  2. SPCXSpace Exploration Technologies Corp
    +$2.80MNewHistory
  3. HONHoneywell International Inc
    +$853.7KNewHistory
  4. HONAHoneywell Aerospace Inc.
    +$843.0KNewHistory
  5. IBITiShares Bitcoin Trust ETF
    +$705.1KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. PANWPalo Alto Networks Inc
    +0.54 pp0.5% → 1.1%History
  2. ANETArista Networks, Inc.
    +0.49 pp0.8% → 1.2%History
  3. CSCOCisco Systems, Inc.
    +0.33 pp0.8% → 1.1%History
  4. SPCXSpace Exploration Technologies Corp
    +0.22 pp0.0% → 0.2%History
  5. APHAmphenol Corp
    +0.20 pp0.7% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGLAlphabet Inc.
    −$8.51MReducedHistory
  2. ZTSZoetis Inc.
    −$3.46MReducedHistory
  3. HONHoneywell International Inc
    −$1.71MSold outHistory
  4. IAUiShares Gold Trust
    −$538.3KReducedHistory
  5. NVDANVIDIA Corp
    −$521.8KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. IAUiShares Gold Trust
    −1.44 pp6.9% → 5.4%History
  2. State Street Energy Select Sector SPDR ETF81369Y506
    −0.79 pp4.0% → 3.2%
  3. ZTSZoetis Inc.
    −0.52 pp0.6% → <0.1%History
  4. MSFTMicrosoft Corp
    −0.35 pp4.9% → 4.6%History
  5. ICEIntercontinental Exchange, Inc.
    −0.30 pp1.1% → 0.8%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.27B
+$89.8M (+7.6%) vs. prior quarter
Positions
159
+9 vs. prior quarter
Top 10 concentration
43.3%
Top 10 as share of value
Turnover
1.0%
Q2 2026, one quarter
Average holding period
19.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.27B (Q2 2026)

Q1 2021: $717.5MQ2 2021: $792.8MQ3 2021: $792.3MQ4 2021: $870.6MQ1 2022: $790.8MQ2 2022: $679.5MQ3 2022: $639.3MQ4 2022: $692.9MQ1 2023: $731.2MQ2 2023: $803.7MQ3 2023: $769.4MQ4 2023: $860.6MQ1 2024: $922.6MQ2 2024: $975.9MQ3 2024: $1.02BQ4 2024: $1.04BQ1 2025: $1.03BQ2 2025: $1.09BQ3 2025: $1.20BQ4 2025: $1.24BQ1 2026: $1.18BQ2 2026: $1.27B
Q1 2021Q2 2026
13F filings of Forbes J M & Co LLP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026159$1.27BNVDAGOOGLAAPLvs. Q1 2026SEC
Q1 2026Apr 16, 2026150$1.18BIAUNVDAGOOGLvs. Q4 2025SEC
Q4 2025Jan 21, 2026141$1.24BIAUNVDAMSFTvs. Q3 2025SEC
Q3 2025Oct 28, 2025140$1.20BIAUMSFTNVDAvs. Q2 2025SEC
Q2 2025Jul 18, 2025141$1.09BMSFTIAUNVDAvs. Q1 2025SEC
Q1 2025May 6, 2025139$1.03BIAUMSFTAAPLvs. Q4 2024SEC
Q4 2024Jan 28, 2025141$1.04BIAUMSFTAAPLvs. Q3 2024SEC
Q3 2024Oct 24, 2024138$1.02BIAUMSFTNVDAvs. Q2 2024SEC
Q2 2024Jul 30, 2024133$975.9MMSFTIAUNVDAvs. Q1 2024SEC
Q1 2024Apr 11, 2024131$922.6MMSFTIAUNVDAvs. Q4 2023SEC
Q4 2023Feb 8, 2024127$860.6MMSFTIAUAAPLvs. Q3 2023SEC
Q3 2023Nov 2, 2023125$769.4MMSFTIAUAAPLvs. Q2 2023SEC
Q2 2023Aug 3, 2023125$803.7MMSFTIAUAAPLvs. Q1 2023SEC
Q1 2023May 15, 2023108$731.2MIAUMSFTAAPLvs. Q4 2022SEC
Q4 2022Feb 14, 2023107$692.9MIAUMSFTVanguard Dividend Appreciation ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022107$639.3MIAUMSFTAAPLvs. Q2 2022SEC
Q2 2022Jul 22, 2022114$679.5MIAUMSFTAAPLvs. Q1 2022SEC
Q1 2022May 9, 2022117$790.8MIAUMSFTAAPLvs. Q4 2021SEC
Q4 2021Feb 11, 2022117$870.6MMSFTAAPLIAUvs. Q3 2021SEC
Q3 2021Nov 5, 2021114$792.3MMSFTIAUAAPLvs. Q2 2021SEC
Q2 2021Aug 3, 2021119$792.8MMSFTIAUAAPLvs. Q1 2021SEC
Q1 2021May 14, 2021107$717.5MIAUMSFTAAPL–SEC