Alhambra Investment Management LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 15, 2024), Alhambra Investment Management LLC reported 169 stock positions worth $182.6 million. Its top holding was Apple (AAPL) at 6.4% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 4.1%) and iShares Gold Trust (IAU, 2.9%). Compared with Q1 2024, it opened 20 new positions, sold out of 12, added to 46 and reduced 65. The biggest buy was a new position in iShares 0-5 Year Tips Bond E (STIP) and the biggest sale Vanguard Real Estate ETF (VNQ, shares −58%).

Most Recent 13F
Q2 2026
Location
PALMETTO BAY, FL
CIK
0001802696
Portfolio Value
$182.6M (Q2 2024)
SEC Filing
0001802696-24-000004 ↗ filed Jul 15, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $182.9M Q1 2024 Q2 2024: $182.6M $182.6M Q2 2024 Q3 2024: $192.8M Q3 2024 Q4 2024: $195.0M Q4 2024 Q1 2025: $194.1M Q1 2025 Q2 2025: $201.7M Q2 2025 Q3 2025: $210.6M Q3 2025 Q4 2025: $215.0M Q4 2025 Q1 2026: $216.6M Q1 2026 Q2 2026: $229.1M Q2 2026

Holdings 169 stocks · $182.6M
AAPL Apple Inc. 6.37% 55,234 $11.6M Reduce -0.3%
VGIT Vanguard Intermediate-Term T 4.10% 128,528 $7.5M Reduce -30.8%
IAU iShares Gold Trust 2.89% 120,261 $5.3M Reduce -19.8%
DGRO iShares Core Dividend Growth 2.85% 90,405 $5.2M Add +200.6%
COST Costco Wholesale Corp. 2.85% 6,126 $5.2M Reduce -1.4%
FNDF Schwab Fndmn Intl LRG Co. ETF 2.69% 140,006 $4.9M Add +78.4%
FNDX Schwab Fndmntl US LRG Co. ETF 2.62% 71,443 $4.8M Add +212.2%
SUB iShares Short-Term National 2.58% 45,055 $4.7M Reduce -6.1%
VGSH Vanguard Short-Term Treasury 2.56% 80,452 $4.7M Reduce -2.9%
MUB iShares National Muni Bond E 2.28% 39,020 $4.2M Reduce -31.6%
REET iShares Global REIT ETF 2.07% 162,603 $3.8M Reduce -18.2%
GOOGL Alphabet Inc. Class A 2.00% 20,030 $3.6M Add +0.4%
SPGP Invesco S&P 500 Garp ETF 2.00% 35,484 $3.6M Add +76.9%
STIP iShares 0-5 Year Tips Bond E 1.96% 35,980 $3.6M New
VBR Vngrd Mrngst SL-CP Val ETF-U 1.88% 18,772 $3.4M Add +59.8%
MSFT Microsoft Corp. 1.86% 7,585 $3.4M Reduce -1.9%
VB Vanguard Most SM-Cap ETF-Usd 1.83% 15,319 $3.3M Add +55.0%
AGG iShares Core U.S. Aggregate 1.74% 32,801 $3.2M Reduce -3.5%
IJH iShares Core S&P Midcap ETF 1.61% 50,327 $2.9M Add +95.0%
GOOG Alphabet Inc. Class C 1.47% 14,600 $2.7M No change
VNQ Vanguard Real Estate ETF 1.44% 31,328 $2.6M Reduce -57.7%
PDBC Invesco Optimum Yield Divers 1.33% 172,538 $2.4M Reduce -34.2%
BRK.B Berkshire Hathaway Inc. Class B 1.19% 5,355 $2.2M Add +1.0%
VNQI Vanguard GLBL Ex-US Real Est 1.19% 53,626 $2.2M Reduce -7.2%
ISRG Intuitive Surgical Inc. 1.10% 4,500 $2.0M No change
HD Home Depot Inc. 1.08% 5,706 $2.0M Add +0.4%
WOOD iShares Global Timber & Fore 0.97% 22,622 $1.8M Reduce -19.1%
QCOM Qualcomm Inc. 0.91% 8,325 $1.7M Reduce -0.6%
JPM JPMorgan Chase & Co. 0.85% 7,630 $1.5M Add +0.2%
PEP Pepsico Inc. 0.83% 9,177 $1.5M Add +0.2%
IEO iShares U.S. Oil & Gas Explo 0.83% 15,169 $1.5M Reduce -16.0%
JNJ Johnson & Johnson 0.72% 8,967 $1.3M Reduce -2.7%
ACWI iShares MSCI Acwi ETF 0.66% 10,763 $1.2M Add +42.9%
V Visa Inc. Class A 0.65% 4,554 $1.2M Reduce -3.3%
CSCO Cisco Systems Inc. 0.65% 24,855 $1.2M Reduce -12.4%
NEE Nextera Energy Inc. 0.64% 16,612 $1.2M Reduce -0.2%
COMT iShares Gsci Commodity Dynam 0.63% 41,794 $1.1M New
GRMN Garmin Ltd. 0.62% 6,965 $1.1M Reduce -10.4%
AMGN Amgen Inc. 0.60% 3,513 $1.1M Add +9.2%
MRK Merck & Co. Inc. 0.59% 8,704 $1.1M Add +0.3%
GE General Electric filed as GE AEROSPACE 0.55% 6,339 $1.0M Reduce -30.5%
AMZN Amazon.com Inc. 0.54% 5,054 $977K Add +1.2%
PG The Procter & Gamble Co. 0.52% 5,719 $943K Reduce -0.0%
AXP American Express Co. 0.51% 4,015 $930K Reduce -3.6%
SHY iShares 1-3 Year Treasury Bo 0.50% 11,267 $920K Reduce -16.0%
PNC PNC Financial Services Group 0.49% 5,791 $900K Add +0.6%
MCD McDonald's Corp. 0.48% 3,464 $883K Add +0.6%
PYPL PayPal Holdings Inc. 0.48% 15,077 $875K New
CVX Chevron Corp. 0.46% 5,409 $846K Reduce -6.6%
NFLX Netflix Inc. 0.43% 1,169 $789K Add +29.7%
BSV Vanguard Short-Term Bond ETF 0.43% 10,272 $788K Reduce -1.3%
CSL Carlisle Cos Inc. 0.43% 1,943 $787K Reduce -2.0%
KO The Coca-Cola Co. 0.43% 12,263 $781K No change
BNDW Vanguard Total World Bond Et 0.41% 11,134 $757K Add +12.1%
PH Parker Hannifin Corp. 0.41% 1,490 $754K Reduce -2.9%
ORCL Oracle Corp. 0.41% 5,300 $748K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.40% 7,417 $736K Add +2.8%
ADP Automatic Data Processing 0.40% 3,081 $735K Add +0.4%
RTX RTX Corp. 0.40% 7,302 $733K Reduce -0.0%
ADBE Adobe Inc. 0.40% 1,316 $731K Add +0.4%
SHEL Shell PLC-ADR 0.40% 10,060 $726K Reduce -3.7%
TDS Telephone and Data Systems 0.39% 34,000 $705K Reduce -46.9%
WMT Walmart Inc. 0.38% 10,356 $701K No change
ACN Accenture PLC Class A 0.38% 2,278 $691K Reduce -1.3%
SONY Sony Group Corp. - SP ADR 0.38% 8,079 $686K New
CI The Cigna Group 0.38% 2,073 $685K No change
LOW Lowe's Cos Inc. 0.37% 3,100 $683K No change
ADSK Autodesk Inc. 0.37% 2,727 $675K Reduce -23.2%
JPST JPMorgan Ultra-Short Income 0.37% 13,310 $672K Reduce -3.6%
SYK Stryker Corp. 0.36% 1,958 $666K No change
DHR Danaher Corp. 0.36% 2,641 $660K Reduce -0.0%
MMM 3M Co. 0.36% 6,355 $649K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.35% 5,844 $643K Add +5.8%
CTSH Cognizant Tech Solutions-A 0.35% 9,417 $640K Reduce -34.7%
IEI iShares 3-7 Year Treasury Bo 0.34% 5,371 $620K Reduce -29.4%
YUM Yum! Brands Inc. 0.33% 4,589 $608K Reduce -6.1%
XOM Exxon Mobil Corp. 0.33% 5,243 $604K Reduce -15.2%
TAP Molson Coors Beverage Co. Class B 0.33% 11,830 $601K Add +43.0%
GEHC GE Healthcare Technology 0.31% 7,363 $574K Reduce -6.0%
SBUX Starbucks Corp. 0.31% 7,279 $567K Reduce -0.8%
IJR iShares Core S&P Small-Cap E 0.31% 5,225 $557K Add +0.3%
ABBV Abbvie Inc. 0.29% 3,131 $537K Add +21.6%
NVS Novartis AG-Sponsored ADR 0.29% 5,034 $536K No change
PPLI People Inc. filed as IAC INC 0.29% 11,357 $532K Add +5.8%
UNH Unitedhealth Group Inc. 0.29% 1,044 $532K No change
TIP iShares Tips Bond ETF 0.29% 4,944 $528K Reduce -3.4%
ETN Eaton Corp. PLC 0.29% 1,670 $524K Reduce -2.0%
CTAS Cintas Corp. 0.28% 742 $520K Reduce -6.9%
GSK GSK PLC-Spon ADR 0.28% 13,481 $519K Reduce -11.3%
KOF Coca-Cola Femsa Sab-SP ADR 0.28% 6,032 $518K Add +19.5%
META Meta Platforms Inc. Class A 0.28% 1,004 $506K Add +6.6%
TRV The Travelers Cos Inc. 0.27% 2,420 $492K No change
TGT Target Corp. 0.27% 3,272 $484K Add +0.6%
HALO Halozyme Therapeutics Inc. 0.26% 9,190 $481K New
GLD SPDR Gold Shares 0.26% 2,235 $481K Reduce -12.0%
RSG Republic Services Inc. 0.26% 2,472 $480K No change
TD Toronto-Dominion Bank 0.26% 8,626 $474K Reduce -4.1%
LSXMK Liberty Media Corp.-Liber-New 0.26% 21,194 $470K New
LLY Eli Lilly & Co. 0.26% 515 $466K No change
NOC Northrop Grumman Corp. 0.25% 1,048 $457K No change
TMO Thermo Fisher Scientific Inc. 0.25% 822 $455K Reduce -3.8%
AFL Aflac Inc. 0.24% 4,992 $446K Reduce -1.0%
ABT Abbott Laboratories 0.24% 4,156 $432K Reduce -4.6%
PLD Prologis Inc. 0.23% 3,807 $428K Reduce -2.0%
TSLA Tesla Inc. 0.23% 2,100 $416K No change
BBY Best Buy Co. Inc. 0.22% 4,848 $409K New
FDS Factset Research Systems Inc. 0.22% 990 $404K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.21% 6,455 $387K No change
DEO Diageo PLC-Sponsored ADR 0.21% 3,005 $379K No change
BMY Bristol-Myers Squibb Co. 0.20% 8,813 $366K Reduce -51.0%
AIQ Global X Art Intel & Tech 0.20% 10,248 $365K Add +4.5%
CCL Carnival Corp. 0.19% 18,726 $351K New
CL Colgate-Palmolive Co. 0.19% 3,600 $349K No change
STZ Constellation Brands Inc. Class A 0.19% 1,335 $343K Reduce -0.1%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.18% 8,691 $332K New
WTW Willis Towers Watson PLC 0.18% 1,260 $330K No change
GD General Dynamics Corp. 0.18% 1,122 $326K Add +0.4%
WNC Wabash National Corp. 0.18% 14,886 $325K Add +43.3%
GRBK Green Brick Partners Inc. 0.18% 5,603 $321K New
WEC WEC Energy Group Inc. 0.18% 4,085 $321K No change
MDLZ Mondelez International Inc. Class A 0.17% 4,878 $319K Add +2.9%
VTRS Viatris Inc. 0.17% 29,919 $318K Add +19.4%
PFE Pfizer Inc. 0.17% 11,265 $315K Add +25.2%
SCS Steelcase Inc. Class A 0.17% 24,226 $314K Add +5.5%
AEO American Eagle Outfitters 0.17% 15,275 $305K Add +7.8%
KMI Kinder Morgan Inc. 0.17% 15,229 $303K Add +48.1%
MKL Markel Group Inc. 0.17% 192 $303K Add +28.9%
VTEB Vanguard Tax-Exempt Bond ETF 0.16% 6,000 $301K New
VZ Verizon Communications Inc. 0.16% 7,289 $301K Reduce -21.0%
PLAB Photronics Inc. 0.16% 12,183 $301K Add +14.8%
MAA Mid-America Apartment Comm 0.16% 2,100 $299K No change
KLAC KLA Corp. 0.16% 363 $299K Reduce -4.0%
COF Capital One Financial Corp. 0.16% 2,128 $295K Reduce -8.9%
PDD PDD Holdings Inc. 0.16% 2,200 $292K New
GAP The Gap Inc. 0.16% 12,132 $290K Reduce -18.6%
IYR iShares US Real Estate ETF 0.16% 3,303 $290K Reduce -61.7%
AEP American Electric Power 0.15% 3,193 $280K New
DE Deere & Co. 0.15% 742 $277K No change
LDOS Leidos Holdings Inc. 0.15% 1,900 $277K No change
ALLE Allegion PLC 0.15% 2,333 $276K No change
SLQD iShares 0-5 YR Inv GRD Corp. 0.15% 5,534 $273K No change
HACK Amplify Cybersecurity ETF 0.15% 4,148 $269K Add +0.2%
CSX CSX Corp. 0.15% 7,950 $266K Reduce -80.4%
KHC The Kraft Heinz Co. 0.14% 8,208 $264K Reduce -37.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.14% 6,370 $253K Add +0.9%
BIL SS SPDR BB 1-3M T-Bill ETF 0.14% 2,716 $249K No change
NKE Nike Inc. Class B 0.14% 3,285 $248K No change
UL Unilever PLC 0.13% 4,400 $242K No change
SCHP Schwab U.S. Tips ETF 0.13% 4,646 $242K Reduce -1.4%
IVV iShares Core S&P 500 ETF 0.13% 431 $236K No change
LMT Lockheed Martin Corp. 0.13% 503 $235K Add +0.8%
TSM Taiwan Semiconductor-SP ADR 0.13% 1,320 $229K New
IGIB iShares 5-10Y Inv Grade Corp. 0.12% 4,260 $218K Reduce -2.9%
INTC Intel Corp. 0.12% 7,000 $217K Add +5.9%
TKO Tko Group Holdings Inc. 0.12% 2,000 $216K New
LHX L3HARRIS Technologies Inc. 0.12% 943 $212K No change
ROST Ross Stores Inc. 0.12% 1,457 $212K New
NVDA Nvidia Corp. 0.12% 1,710 $211K New
DON Wisdomtree US Midcap Dividen 0.11% 4,470 $209K No change
BLK BlackRock Finance Inc. 0.11% 263 $207K No change
CRM Salesforce Inc. 0.11% 798 $205K New
EPD Enterprise Products Partners 0.11% 7,035 $204K No change
MAC The Macerich Co. 0.10% 12,006 $185K Reduce -56.3%
PROSHARES TR 0.07% 16,200 $134K No change
PROSHARES VIX SHORT-TERM FUT 0.07% 12,253 $133K New
BRC INC-A 0.06% 16,750 $103K No change
GNW Genworth Financial Inc. 0.05% 15,000 $91K Reduce -79.4%
PLBY Playboy Inc. filed as PLBY GROUP INC 0.01% 27,962 $22K No change
TELL Tellurian Inc. 0.01% 17,600 $12K No change

Portfolio Sells Q1 2024 → Q2 2024
VNQ Vanguard Real Estate ETF Reduce -57.7% 1.44% −2.07
VGIT Vanguard Intermediate-Term T Reduce -30.8% 4.10% −1.85
IEF iShares 7-10 Year Treasury B Sold out 0.00% −1.39
DES Wisdomtree US Smallcap Divid Sold out 0.00% −1.20
PDN Inv Rafi Dev MKT US SM-Usdin Sold out 0.00% −1.17
MUB iShares National Muni Bond E Reduce -31.6% 2.28% −1.08
CSX CSX Corp. Reduce -80.4% 0.15% −0.68
PDBC Invesco Optimum Yield Divers Reduce -34.2% 1.33% −0.66
IAU iShares Gold Trust Reduce -19.8% 2.89% −0.55
REET iShares Global REIT ETF Reduce -18.2% 2.07% −0.50
CVS CVS Health Corp. Sold out 0.00% −0.35
BMY Bristol-Myers Squibb Co. Reduce -51.0% 0.20% −0.33
GE General Electric Reduce -30.5% 0.55% −0.32
WOOD iShares Global Timber & Fore Reduce -19.1% 0.97% −0.32
IYR iShares US Real Estate ETF Reduce -61.7% 0.16% −0.26
IEO iShares U.S. Oil & Gas Explo Reduce -16.0% 0.83% −0.23
CTSH Cognizant Tech Solutions-A Reduce -34.7% 0.35% −0.23
RWX State Street SPDR Dow Jones Sold out 0.00% −0.22
GNW Genworth Financial Inc. Reduce -79.4% 0.05% −0.21
UNM Unum Group Sold out 0.00% −0.18
TDS Telephone and Data Systems Reduce -46.9% 0.39% −0.17
SUB iShares Short-Term National Reduce -6.1% 2.58% −0.17
MAC The Macerich Co. Reduce -56.3% 0.10% −0.16
EA Electronic Arts Inc. Sold out 0.00% −0.14
IEI iShares 3-7 Year Treasury Bo Reduce -29.4% 0.34% −0.14
VNQI Vanguard GLBL Ex-US Real Est Reduce -7.2% 1.19% −0.14
ADSK Autodesk Inc. Reduce -23.2% 0.37% −0.14
FN Fabrinet Sold out 0.00% −0.13
CSCO Cisco Systems Inc. Reduce -12.4% 0.65% −0.13
DHI D.R. Horton Inc. Sold out 0.00% −0.12
KHC The Kraft Heinz Co. Reduce -37.9% 0.14% −0.12
MCK McKesson Corp. Sold out 0.00% −0.12
CMCSA Comcast Corp. Class A Sold out 0.00% −0.12
SHY iShares 1-3 Year Treasury Bo Reduce -16.0% 0.50% −0.10
JNJ Johnson & Johnson Reduce -2.7% 0.72% −0.08
AGG iShares Core U.S. Aggregate Reduce -3.5% 1.74% −0.08
GEHC GE Healthcare Technology Reduce -6.0% 0.31% −0.07
VGSH Vanguard Short-Term Treasury Reduce -2.9% 2.56% −0.07
GSK GSK PLC-Spon ADR Reduce -11.3% 0.28% −0.07
GAP The Gap Inc. Reduce -18.6% 0.16% −0.07
V Visa Inc. Class A Reduce -3.3% 0.65% −0.06
XOM Exxon Mobil Corp. Reduce -15.2% 0.33% −0.06
ACN Accenture PLC Class A Reduce -1.3% 0.38% −0.06
SBUX Starbucks Corp. Reduce -0.8% 0.31% −0.06
PH Parker Hannifin Corp. Reduce -2.9% 0.41% −0.05
VZ Verizon Communications Inc. Reduce -21.0% 0.16% −0.05
PLD Prologis Inc. Reduce -2.0% 0.23% −0.04
YUM Yum! Brands Inc. Reduce -6.1% 0.33% −0.04
TD Toronto-Dominion Bank Reduce -4.1% 0.26% −0.04
CVX Chevron Corp. Reduce -6.6% 0.46% −0.04

Portfolio Buys Q1 2024 → Q2 2024
STIP iShares 0-5 Year Tips Bond E New 1.96% +1.96
DGRO iShares Core Dividend Growth Add +200.6% 2.85% +1.90
FNDX Schwab Fndmntl US LRG Co. ETF Add +212.2% 2.62% +1.78
FNDF Schwab Fndmn Intl LRG Co. ETF Add +78.4% 2.69% +1.16
SPGP Invesco S&P 500 Garp ETF Add +76.9% 2.00% +0.83
IJH iShares Core S&P Midcap ETF Add +95.0% 1.61% +0.76
VBR Vngrd Mrngst SL-CP Val ETF-U Add +59.8% 1.88% +0.64
COMT iShares Gsci Commodity Dynam New 0.63% +0.63
VB Vanguard Most SM-Cap ETF-Usd Add +55.0% 1.83% +0.59
PYPL PayPal Holdings Inc. New 0.48% +0.48
SONY Sony Group Corp. - SP ADR New 0.38% +0.38
MMM 3M Co. New 0.36% +0.36
GOOGL Alphabet Inc. Class A Add +0.4% 2.00% +0.35
HALO Halozyme Therapeutics Inc. New 0.26% +0.26
LSXMK Liberty Media Corp.-Liber-New New 0.26% +0.26
BBY Best Buy Co. Inc. New 0.22% +0.22
ACWI iShares MSCI Acwi ETF Add +42.9% 0.66% +0.21
CCL Carnival Corp. New 0.19% +0.19
YETI Yeti Holdings Inc. New 0.18% +0.18
GRBK Green Brick Partners Inc. New 0.18% +0.18
VTEB Vanguard Tax-Exempt Bond ETF New 0.16% +0.16
PDD PDD Holdings Inc. New 0.16% +0.16
AEP American Electric Power New 0.15% +0.15
NFLX Netflix Inc. Add +29.7% 0.43% +0.13
TSM Taiwan Semiconductor-SP ADR New 0.13% +0.13
TKO Tko Group Holdings Inc. New 0.12% +0.12
ROST Ross Stores Inc. New 0.12% +0.12
NVDA Nvidia Corp. New 0.12% +0.12
CRM Salesforce Inc. New 0.11% +0.11
AMGN Amgen Inc. Add +9.2% 0.60% +0.10
PROSHARES VIX SHORT-TERM FUT New 0.07% +0.07
KMI Kinder Morgan Inc. Add +48.1% 0.17% +0.06
TJX TJX Companies Inc. Add +5.8% 0.35% +0.05
AMZN Amazon.com Inc. Add +1.2% 0.54% +0.04
BNDW Vanguard Total World Bond Et Add +12.1% 0.41% +0.04
MKL Markel Group Inc. Add +28.9% 0.17% +0.04
ADBE Adobe Inc. Add +0.4% 0.40% +0.04
ABBV Abbvie Inc. Add +21.6% 0.29% +0.04
PFE Pfizer Inc. Add +25.2% 0.17% +0.04
META Meta Platforms Inc. Class A Add +6.6% 0.28% +0.03
TAP Molson Coors Beverage Co. Class B Add +43.0% 0.33% +0.03
AIQ Global X Art Intel & Tech Add +4.5% 0.20% +0.02
KOF Coca-Cola Femsa Sab-SP ADR Add +19.5% 0.28% +0.02
JPM JPMorgan Chase & Co. Add +0.2% 0.85% +0.01
VTRS Viatris Inc. Add +19.4% 0.17% +0.01
WNC Wabash National Corp. Add +43.3% 0.18% +0.01
BAC Bank of America Corp. Add +0.9% 0.14% +0.01
SCS Steelcase Inc. Class A Add +5.5% 0.17% +0.01
GD General Dynamics Corp. Add +0.4% 0.18% +0.01
LMT Lockheed Martin Corp. Add +0.8% 0.13% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 182$229.1MAAPL, FNDX, DGRO, STIP, GOOGL
Q1 2026 176$216.6MAAPL, FNDX, DGRO, STIP, FNDF
Q4 2025 175$215.0MAAPL, FNDX, DGRO, STIP, GOOGL
Q3 2025 178$210.6MAAPL, FNDX, DGRO, STIP, SPGP
Q2 2025 180$201.7MAAPL, FNDX, DGRO, COST, STIP
Q1 2025 163$194.1MAAPL, FNDX, VBR, DGRO, COST
Q4 2024 166$195.0MAAPL, VBR, FNDX, DGRO, COST
Q3 2024 174$192.8MAAPL, VBR, FNDX, DGRO, COST
Q2 2024 169$182.6MAAPL, VGIT, IAU, DGRO, COST
Q1 2024 161$182.9MVGIT, AAPL, VNQ, IAU, MUB