Alhambra Investment Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 15, 2024), Alhambra Investment Management LLC reported 161 stock positions worth $182.9 million. Its top holding was Vanguard Intermediate-Term T (VGIT) at 5.9% of the portfolio, followed by Apple (AAPL, 5.2%) and Vanguard Real Estate ETF (VNQ, 3.5%). Compared with Q4 2023, it opened 16 new positions, sold out of 15, added to 47 and reduced 64. The biggest buy was Vanguard Short-Term Treasury (VGSH, shares +1392%) and the biggest sale Vanguard Intermediate-Term T (VGIT, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- PALMETTO BAY, FL
- CIK
- 0001802696
- Portfolio Value
- $182.9M (Q1 2024)
- SEC Filing
- 0001802696-24-000003 ↗ filed Apr 15, 2024
Holdings Value
Holdings 161 stocks · $182.9M
| VGIT Vanguard Intermediate-Term T | 5.95% | 185,800 | $10.9M | Reduce -24.6% |
| AAPL Apple Inc. | 5.20% | 55,416 | $9.5M | Reduce -0.9% |
| VNQ Vanguard Real Estate ETF | 3.51% | 74,136 | $6.4M | Add +2.9% |
| IAU iShares Gold Trust | 3.44% | 149,958 | $6.3M | Add +0.6% |
| MUB iShares National Muni Bond E | 3.35% | 57,018 | $6.1M | Add +73.9% |
| SUB iShares Short-Term National | 2.75% | 47,969 | $5.0M | Add +187.0% |
| VGSH Vanguard Short-Term Treasury | 2.63% | 82,811 | $4.8M | Add +1392.1% |
| REET iShares Global REIT ETF | 2.57% | 198,715 | $4.7M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 2.49% | 6,211 | $4.6M | Reduce -2.9% |
| PDBC Invesco Optimum Yield Divers | 1.99% | 262,359 | $3.6M | Add +8.8% |
| AGG iShares Core U.S. Aggregate | 1.82% | 33,999 | $3.3M | Add +1435.6% |
| MSFT Microsoft Corp. | 1.78% | 7,736 | $3.3M | Reduce -6.2% |
| GOOGL Alphabet Inc. Class A | 1.65% | 19,954 | $3.0M | Add +2.1% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.53% | 78,459 | $2.8M | New |
| IEF iShares 7-10 Year Treasury B | 1.39% | 26,787 | $2.5M | Add +2.7% |
| VNQI Vanguard GLBL Ex-US Real Est | 1.33% | 57,789 | $2.4M | Add +15.5% |
| WOOD iShares Global Timber & Fore | 1.29% | 27,975 | $2.4M | Add +12.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.24% | 9,883 | $2.3M | Add +1.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.23% | 11,747 | $2.3M | Add +67.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.22% | 5,302 | $2.2M | Reduce -2.0% |
| GOOG Alphabet Inc. Class C | 1.22% | 14,600 | $2.2M | No change |
| DES Wisdomtree US Smallcap Divid | 1.20% | 67,341 | $2.2M | Add +1.1% |
| HD Home Depot Inc. | 1.19% | 5,685 | $2.2M | Reduce -5.3% |
| PDN Inv Rafi Dev MKT US SM-Usdin | 1.17% | 65,003 | $2.1M | Add +0.6% |
| SPGP Invesco S&P 500 Garp ETF | 1.17% | 20,063 | $2.1M | New |
| IEO iShares U.S. Oil & Gas Explo | 1.06% | 18,062 | $1.9M | Add +3.9% |
| ISRG Intuitive Surgical Inc. | 0.98% | 4,500 | $1.8M | No change |
| DGRO iShares Core Dividend Growth | 0.95% | 30,075 | $1.7M | Add +372.1% |
| PEP Pepsico Inc. | 0.88% | 9,159 | $1.6M | Reduce -1.1% |
| GE General Electric | 0.88% | 9,124 | $1.6M | Reduce -6.7% |
| IJH iShares Core S&P Midcap ETF | 0.86% | 25,802 | $1.6M | Reduce -27.3% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.84% | 22,881 | $1.5M | New |
| JPM JPMorgan Chase & Co. | 0.83% | 7,616 | $1.5M | Reduce -0.9% |
| CSX CSX Corp. | 0.82% | 40,589 | $1.5M | Reduce -44.6% |
| JNJ Johnson & Johnson | 0.80% | 9,218 | $1.5M | Reduce -3.0% |
| QCOM Qualcomm Inc. | 0.77% | 8,371 | $1.4M | Reduce -0.4% |
| CSCO Cisco Systems Inc. | 0.77% | 28,372 | $1.4M | Add +0.2% |
| V Visa Inc. Class A | 0.72% | 4,707 | $1.3M | Reduce -6.0% |
| GRMN Garmin Ltd. | 0.63% | 7,776 | $1.2M | Reduce -9.3% |
| MRK Merck & Co. Inc. | 0.63% | 8,679 | $1.1M | Add +18.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.60% | 13,407 | $1.1M | Reduce -1.6% |
| NEE Nextera Energy Inc. | 0.58% | 16,640 | $1.1M | Reduce -1.5% |
| CTSH Cognizant Tech Solutions-A | 0.58% | 14,421 | $1.1M | Add +2.9% |
| TDS Telephone and Data Systems | 0.56% | 64,000 | $1.0M | Reduce -7.3% |
| BMY Bristol-Myers Squibb Co. | 0.53% | 17,988 | $976K | Reduce -28.4% |
| MCD McDonald's Corp. | 0.53% | 3,445 | $971K | Add +6.4% |
| AXP American Express Co. | 0.52% | 4,165 | $948K | Reduce -2.1% |
| PNC PNC Financial Services Group | 0.51% | 5,756 | $930K | Reduce -1.3% |
| PG The Procter & Gamble Co. | 0.51% | 5,721 | $928K | Reduce -0.0% |
| ADSK Autodesk Inc. | 0.51% | 3,550 | $924K | Add +33.1% |
| AMGN Amgen Inc. | 0.50% | 3,218 | $915K | Reduce -1.1% |
| CVX Chevron Corp. | 0.50% | 5,789 | $913K | Reduce -8.8% |
| AMZN Amazon.com Inc. | 0.49% | 4,992 | $900K | Reduce -2.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.48% | 7,218 | $883K | Add +28.4% |
| IEI iShares 3-7 Year Treasury Bo | 0.48% | 7,602 | $880K | Reduce -29.1% |
| PH Parker Hannifin Corp. | 0.47% | 1,534 | $853K | Reduce -8.5% |
| ACWI iShares MSCI Acwi ETF | 0.45% | 7,533 | $830K | Reduce -6.1% |
| ACN Accenture PLC Class A | 0.44% | 2,308 | $800K | No change |
| BSV Vanguard Short-Term Bond ETF | 0.44% | 10,412 | $798K | Reduce -16.6% |
| LOW Lowe's Cos Inc. | 0.43% | 3,100 | $790K | No change |
| CSL Carlisle Cos Inc. | 0.42% | 1,983 | $777K | Add +0.3% |
| IYR iShares US Real Estate ETF | 0.42% | 8,618 | $775K | Add +1.5% |
| ADP Automatic Data Processing | 0.42% | 3,070 | $767K | Add +8.8% |
| CI The Cigna Group | 0.41% | 2,073 | $753K | No change |
| KO The Coca-Cola Co. | 0.41% | 12,263 | $750K | No change |
| XOM Exxon Mobil Corp. | 0.39% | 6,183 | $719K | Reduce -13.4% |
| RTX RTX Corp. | 0.39% | 7,304 | $712K | Reduce -4.2% |
| GEHC GE Healthcare Technology | 0.39% | 7,831 | $712K | Add +28.2% |
| SYK Stryker Corp. | 0.38% | 1,958 | $701K | Add +0.9% |
| SHEL Shell PLC-ADR | 0.38% | 10,443 | $700K | Add +32.3% |
| JPST JPMorgan Ultra-Short Income | 0.38% | 13,810 | $697K | Reduce -1.4% |
| BNDW Vanguard Total World Bond Et | 0.37% | 9,929 | $681K | Add +2.9% |
| YUM Yum! Brands Inc. | 0.37% | 4,889 | $678K | No change |
| SBUX Starbucks Corp. | 0.37% | 7,340 | $671K | Reduce -0.0% |
| ORCL Oracle Corp. | 0.36% | 5,300 | $666K | Reduce -3.0% |
| ADBE Adobe Inc. | 0.36% | 1,311 | $662K | No change |
| DHR Danaher Corp. | 0.36% | 2,642 | $660K | Reduce -0.0% |
| GSK GSK PLC-Spon ADR | 0.36% | 15,191 | $651K | Reduce -1.5% |
| CVS CVS Health Corp. | 0.35% | 7,983 | $637K | Reduce -60.6% |
| WMT Walmart Inc. | 0.34% | 10,356 | $623K | Reduce -8.0% |
| TGT Target Corp. | 0.32% | 3,252 | $576K | Reduce -1.5% |
| IJR iShares Core S&P Small-Cap E | 0.31% | 5,207 | $575K | Add +0.1% |
| PPLI People Inc. filed as IAC INC | 0.31% | 10,739 | $573K | Reduce -0.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.31% | 5,522 | $560K | Add +1.6% |
| TRV The Travelers Cos Inc. | 0.30% | 2,420 | $557K | No change |
| TAP Molson Coors Beverage Co. Class B | 0.30% | 8,275 | $556K | New |
| TIP iShares Tips Bond ETF | 0.30% | 5,119 | $550K | No change |
| CTAS Cintas Corp. | 0.30% | 797 | $548K | No change |
| NFLX Netflix Inc. | 0.30% | 901 | $547K | Add +70.3% |
| TD Toronto-Dominion Bank | 0.30% | 8,996 | $543K | Reduce -2.2% |
| ETN Eaton Corp. PLC | 0.29% | 1,705 | $533K | No change |
| GLD SPDR Gold Shares | 0.29% | 2,539 | $522K | Reduce -30.0% |
| UNH Unitedhealth Group Inc. | 0.28% | 1,044 | $516K | Reduce -0.5% |
| PLD Prologis Inc. | 0.28% | 3,883 | $506K | Reduce -2.6% |
| NOC Northrop Grumman Corp. | 0.27% | 1,048 | $502K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 854 | $496K | No change |
| ABT Abbott Laboratories | 0.27% | 4,358 | $495K | Reduce -3.4% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.27% | 5,049 | $491K | Add +36.3% |
| KHC The Kraft Heinz Co. | 0.27% | 13,212 | $488K | Add +4.7% |
| NVS Novartis AG-Sponsored ADR | 0.27% | 5,034 | $487K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| VGIT Vanguard Intermediate-Term T | Reduce -24.6% | 5.95% | −2.73 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −1.26 |
| AAPL Apple Inc. | Reduce -0.9% | 5.20% | −1.19 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −1.14 |
| EFV iShares MSCI Eafe Value ETF | Sold out | 0.00% | −0.84 |
| CSX CSX Corp. | Reduce -44.6% | 0.82% | −0.68 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.67 |
| CVS CVS Health Corp. | Reduce -60.6% | 0.35% | −0.60 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.57 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.49 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.46 |
| SCHO Schwab Short-Term US Treas | Sold out | 0.00% | −0.38 |
| STM Stmicroelectronics NV-NY SHS | Sold out | 0.00% | −0.36 |
| IJH iShares Core S&P Midcap ETF | Reduce -27.3% | 0.86% | −0.31 |
| REET iShares Global REIT ETF | Reduce -0.1% | 2.57% | −0.28 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.27 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -29.1% | 0.48% | −0.26 |
| BMY Bristol-Myers Squibb Co. | Reduce -28.4% | 0.53% | −0.23 |
| TDS Telephone and Data Systems | Reduce -7.3% | 0.56% | −0.19 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.17 |
| BSV Vanguard Short-Term Bond ETF | Reduce -16.6% | 0.44% | −0.13 |
| MMM 3M Co. | Sold out | 0.00% | −0.13 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.13 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.13 |
| GLD SPDR Gold Shares | Reduce -30.0% | 0.29% | −0.13 |
| COP Conocophillips | Sold out | 0.00% | −0.12 |
| JNJ Johnson & Johnson | Reduce -3.0% | 0.80% | −0.09 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.6% | 0.60% | −0.06 |
| CVX Chevron Corp. | Reduce -8.8% | 0.50% | −0.06 |
| MSFT Microsoft Corp. | Reduce -6.2% | 1.78% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -26.5% | 0.12% | −0.06 |
| PEP Pepsico Inc. | Reduce -1.1% | 0.88% | −0.06 |
| AMGN Amgen Inc. | Reduce -1.1% | 0.50% | −0.06 |
| TD Toronto-Dominion Bank | Reduce -2.2% | 0.30% | −0.06 |
| V Visa Inc. Class A | Reduce -6.0% | 0.72% | −0.06 |
| SBUX Starbucks Corp. | Reduce -0.0% | 0.37% | −0.05 |
| FDS Factset Research Systems Inc. | Reduce -5.7% | 0.25% | −0.05 |
| NKE Nike Inc. Class B | Reduce -2.4% | 0.17% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -0.5% | 0.28% | −0.05 |
| HD Home Depot Inc. | Reduce -5.3% | 1.19% | −0.04 |
| PROSHARES TR | Reduce -2.9% | 0.09% | −0.04 |
| PFE Pfizer Inc. | Reduce -12.9% | 0.14% | −0.04 |
| PLD Prologis Inc. | Reduce -2.6% | 0.28% | −0.04 |
| INTC Intel Corp. | Reduce -0.2% | 0.16% | −0.04 |
| JPST JPMorgan Ultra-Short Income | Reduce -1.4% | 0.38% | −0.04 |
| ACWI iShares MSCI Acwi ETF | Reduce -6.1% | 0.45% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -13.4% | 0.39% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -1.5% | 0.58% | −0.03 |
| PNC PNC Financial Services Group | Reduce -1.3% | 0.51% | −0.03 |
| ABT Abbott Laboratories | Reduce -3.4% | 0.27% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| VGSH Vanguard Short-Term Treasury | Add +1392.1% | 2.63% | +2.44 |
| SUB iShares Short-Term National | Add +187.0% | 2.75% | +1.70 |
| AGG iShares Core U.S. Aggregate | Add +1435.6% | 1.82% | +1.69 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 1.53% | +1.53 |
| MUB iShares National Muni Bond E | Add +73.9% | 3.35% | +1.24 |
| SPGP Invesco S&P 500 Garp ETF | New | 1.17% | +1.17 |
| FNDX Schwab Fndmntl US LRG Co. ETF | New | 0.84% | +0.84 |
| DGRO iShares Core Dividend Growth | Add +372.1% | 0.95% | +0.75 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +67.8% | 1.23% | +0.48 |
| TAP Molson Coors Beverage Co. Class B | New | 0.30% | +0.30 |
| GAP The Gap Inc. | New | 0.22% | +0.22 |
| AEO American Eagle Outfitters | New | 0.20% | +0.20 |
| COF Capital One Financial Corp. | New | 0.19% | +0.19 |
| DIS The Walt Disney Co. | Add +28.4% | 0.48% | +0.18 |
| UNM Unum Group | New | 0.18% | +0.18 |
| WNC Wabash National Corp. | New | 0.17% | +0.17 |
| PLAB Photronics Inc. | New | 0.16% | +0.16 |
| SCS Steelcase Inc. Class A | New | 0.16% | +0.16 |
| VTRS Viatris Inc. | New | 0.16% | +0.16 |
| MRK Merck & Co. Inc. | Add +18.9% | 0.63% | +0.15 |
| NFLX Netflix Inc. | Add +70.3% | 0.30% | +0.15 |
| MKL Markel Group Inc. | New | 0.12% | +0.12 |
| MCK McKesson Corp. | New | 0.12% | +0.12 |
| ADSK Autodesk Inc. | Add +33.1% | 0.51% | +0.12 |
| AFL Aflac Inc. | Add +100.9% | 0.24% | +0.11 |
| LHX L3HARRIS Technologies Inc. | New | 0.11% | +0.11 |
| GEHC GE Healthcare Technology | Add +28.2% | 0.39% | +0.11 |
| KMI Kinder Morgan Inc. | New | 0.10% | +0.10 |
| IEO iShares U.S. Oil & Gas Explo | Add +3.9% | 1.06% | +0.10 |
| WOOD iShares Global Timber & Fore | Add +12.4% | 1.29% | +0.09 |
| PDBC Invesco Optimum Yield Divers | Add +8.8% | 1.99% | +0.09 |
| SHEL Shell PLC-ADR | Add +32.3% | 0.38% | +0.07 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +15.5% | 1.33% | +0.07 |
| KOF Coca-Cola Femsa Sab-SP ADR | Add +36.3% | 0.27% | +0.06 |
| CSL Carlisle Cos Inc. | Add +0.3% | 0.42% | +0.06 |
| GNW Genworth Financial Inc. | Add +46.2% | 0.26% | +0.06 |
| SYK Stryker Corp. | Add +0.9% | 0.38% | +0.04 |
| ADP Automatic Data Processing | Add +8.8% | 0.42% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +2.1% | 1.65% | +0.03 |
| AIQ Global X Art Intel & Tech | Add +10.9% | 0.18% | +0.02 |
| BAC Bank of America Corp. | Add +3.7% | 0.13% | +0.01 |
| BNY Bank of New York Mellon Corp. | Add +2.1% | 0.20% | +0.01 |
| TJX TJX Companies Inc. | Add +1.6% | 0.31% | +0.00 |
| GD General Dynamics Corp. | Add +0.1% | 0.17% | +0.00 |
| TELL Tellurian Inc. | Add +4.8% | 0.01% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +1.0% | 1.24% | −0.00 |
| LMT Lockheed Martin Corp. | Add +3.5% | 0.12% | −0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +3.4% | 0.14% | −0.01 |
| IAU iShares Gold Trust | Add +0.6% | 3.44% | −0.01 |
| KHC The Kraft Heinz Co. | Add +4.7% | 0.27% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 182 | $229.1M | AAPL, FNDX, DGRO, STIP, GOOGL |
| Q1 2026 | 176 | $216.6M | AAPL, FNDX, DGRO, STIP, FNDF |
| Q4 2025 | 175 | $215.0M | AAPL, FNDX, DGRO, STIP, GOOGL |
| Q3 2025 | 178 | $210.6M | AAPL, FNDX, DGRO, STIP, SPGP |
| Q2 2025 | 180 | $201.7M | AAPL, FNDX, DGRO, COST, STIP |
| Q1 2025 | 163 | $194.1M | AAPL, FNDX, VBR, DGRO, COST |
| Q4 2024 | 166 | $195.0M | AAPL, VBR, FNDX, DGRO, COST |
| Q3 2024 | 174 | $192.8M | AAPL, VBR, FNDX, DGRO, COST |
| Q2 2024 | 169 | $182.6M | AAPL, VGIT, IAU, DGRO, COST |
| Q1 2024 | 161 | $182.9M | VGIT, AAPL, VNQ, IAU, MUB |