Alhambra Investment Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 15, 2025), Alhambra Investment Management LLC reported 166 stock positions worth $195.0 million. Its top holding was Apple (AAPL) at 7.1% of the portfolio, followed by Vngrd Mrngst SL-CP Val ETF-U (VBR, 4.1%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 3.8%). Compared with Q3 2024, it opened 10 new positions, sold out of 18, added to 49 and reduced 62. The biggest buy was Vngrd Mrngst SL-CP Val ETF-U (VBR, shares +31%) and the biggest sale an exit from iShares Global Timber & Fore (WOOD).

Most Recent 13F
Q2 2026
Location
PALMETTO BAY, FL
CIK
0001802696
Portfolio Value
$195.0M (Q4 2024)
SEC Filing
0001802696-25-000001 ↗ filed Jan 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $182.9M Q1 2024 Q2 2024: $182.6M Q2 2024 Q3 2024: $192.8M Q3 2024 Q4 2024: $195.0M $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 166 stocks · $195.0M
AAPL Apple Inc. 7.06% 54,941 $13.8M Reduce -0.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 4.13% 40,676 $8.1M Add +31.4%
FNDX Schwab Fndmntl US LRG Co. ETF 3.81% 313,653 $7.4M Add +25.6%
DGRO iShares Core Dividend Growth 3.25% 103,411 $6.3M Add +16.7%
COST Costco Wholesale Corp. 2.86% 6,090 $5.6M Reduce -0.3%
STIP iShares 0-5 Year Tips Bond E 2.77% 53,729 $5.4M Add +19.4%
SPGP Invesco S&P 500 Garp ETF 2.58% 47,987 $5.0M Reduce -1.6%
IAU iShares Gold Trust 2.39% 94,185 $4.7M Reduce -3.4%
FNDF Schwab Fndmn Intl LRG Co. ETF 2.31% 135,722 $4.5M Reduce -1.1%
SUB iShares Short-Term National 2.23% 41,206 $4.3M Reduce -3.5%
REET iShares Global REIT ETF 2.08% 169,155 $4.1M Add +11.1%
VGSH Vanguard Short-Term Treasury 2.06% 68,953 $4.0M Reduce -0.4%
IJH iShares Core S&P Midcap ETF 2.03% 63,395 $4.0M Add +5.2%
GOOGL Alphabet Inc. Class A 1.90% 19,581 $3.7M Add +0.9%
VNQ Vanguard Real Estate ETF 1.87% 40,960 $3.6M Add +34.1%
VGIT Vanguard Intermediate-Term T 1.70% 57,018 $3.3M Reduce -12.5%
MSFT Microsoft Corp. 1.64% 7,602 $3.2M Add +0.0%
AGG iShares Core U.S. Aggregate 1.55% 31,090 $3.0M Reduce -1.8%
BNDW Vanguard Total World Bond Et 1.46% 41,628 $2.8M Add +45.1%
GOOG Alphabet Inc. Class C 1.42% 14,575 $2.8M No change
BIL SS SPDR BB 1-3M T-Bill ETF 1.36% 28,984 $2.7M Add +10.6%
VXUS Vanguard Total Intl Stock 1.30% 42,912 $2.5M Add +77.2%
BRK.B Berkshire Hathaway Inc. Class B 1.25% 5,372 $2.4M Add +0.5%
MUB iShares National Muni Bond E 1.24% 22,689 $2.4M Reduce -9.7%
ISRG Intuitive Surgical Inc. 1.20% 4,500 $2.3M No change
HD Home Depot Inc. 1.19% 5,986 $2.3M Add +2.3%
JPM JPMorgan Chase & Co. 0.96% 7,823 $1.9M Reduce -0.4%
QCOM Qualcomm Inc. 0.88% 11,219 $1.7M Reduce -3.0%
COMT iShares Gsci Commodity Dynam 0.84% 64,779 $1.6M Add +0.8%
CSCO Cisco Systems Inc. 0.75% 24,855 $1.5M No change
V Visa Inc. Class A 0.74% 4,554 $1.4M No change
PEP Pepsico Inc. 0.71% 9,167 $1.4M No change
PYPL PayPal Holdings Inc. 0.71% 16,179 $1.4M Reduce -1.4%
JNJ Johnson & Johnson 0.67% 9,087 $1.3M Add +1.3%
GRMN Garmin Ltd. 0.63% 5,951 $1.2M Reduce -12.4%
AXP American Express Co. 0.61% 3,990 $1.2M No change
NEE Nextera Energy Inc. 0.61% 16,512 $1.2M Reduce -0.6%
TDS Telephone and Data Systems 0.59% 34,000 $1.2M No change
PNC PNC Financial Services Group 0.57% 5,791 $1.1M No change
AMZN Amazon.com Inc. 0.57% 5,054 $1.1M No change
MRK Merck & Co. Inc. 0.54% 10,673 $1.1M Add +21.9%
NFLX Netflix Inc. 0.54% 1,182 $1.1M Reduce -0.8%
GE General Electric filed as GE AEROSPACE 0.53% 6,226 $1.0M Add +0.2%
MCD McDonald's Corp. 0.53% 3,550 $1.0M Reduce -0.6%
AMGN Amgen Inc. 0.51% 3,825 $997K Add +6.9%
PG The Procter & Gamble Co. 0.50% 5,785 $970K Add +1.1%
PH Parker Hannifin Corp. 0.48% 1,486 $945K Reduce -0.3%
ADBE Adobe Inc. 0.48% 2,115 $940K Reduce -14.0%
WMT Walmart Inc. 0.48% 10,356 $936K No change
ADP Automatic Data Processing 0.46% 3,083 $902K Reduce -0.1%
ORCL Oracle Corp. 0.46% 5,384 $897K Add +1.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.45% 7,302 $882K Add +24.8%
SHY iShares 1-3 Year Treasury Bo 0.45% 10,701 $877K Reduce -5.1%
TSLA Tesla Inc. 0.43% 2,100 $848K No change
SONY Sony Group Corp. - SP ADR 0.43% 39,985 $846K Reduce -8.0%
RTX RTX Corp. 0.43% 7,302 $845K No change
LOW Lowe's Cos Inc. 0.41% 3,266 $806K No change
TAP Molson Coors Beverage Co. Class B 0.41% 13,950 $800K Add +7.7%
SHEL Shell PLC-ADR 0.41% 12,749 $799K Reduce -19.1%
ACN Accenture PLC Class A 0.41% 2,253 $793K Reduce -1.1%
BSV Vanguard Short-Term Bond ETF 0.41% 10,246 $792K No change
CVX Chevron Corp. 0.40% 5,409 $783K No change
ZM Zoom Communications Inc. 0.40% 9,459 $772K Add +16.9%
KO The Coca-Cola Co. 0.39% 12,253 $763K No change
CI The Cigna Group 0.39% 2,725 $752K Add +4.8%
META Meta Platforms Inc. Class A 0.37% 1,239 $725K Add +14.8%
SYK Stryker Corp. 0.37% 1,997 $719K Add +1.5%
VTEB Vanguard Tax-Exempt Bond ETF 0.36% 14,100 $707K Add +76.3%
CSL Carlisle Cos Inc. 0.35% 1,848 $682K Reduce -3.6%
CTSH Cognizant Tech Solutions-A 0.34% 8,525 $656K Reduce -8.3%
SBUX Starbucks Corp. 0.34% 7,179 $655K Reduce -1.4%
HSY The Hershey Co. 0.33% 3,840 $650K Add +12.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.33% 5,822 $648K No change
ADSK Autodesk Inc. 0.33% 2,146 $634K Reduce -17.8%
ABBV Abbvie Inc. 0.32% 3,495 $621K Add +11.5%
IJR iShares Core S&P Small-Cap E 0.32% 5,345 $616K Reduce -1.0%
YUM Yum! Brands Inc. 0.32% 4,589 $616K No change
DHR Danaher Corp. 0.31% 2,641 $606K No change
JPST JPMorgan Ultra-Short Income 0.31% 11,960 $602K Reduce -0.8%
AFL Aflac Inc. 0.31% 5,810 $601K Add +16.9%
PDBC Invesco Optimum Yield Divers 0.30% 45,601 $592K Reduce -6.3%
MMM 3M Co. 0.30% 4,571 $590K Reduce -27.2%
TRV The Travelers Cos Inc. 0.30% 2,395 $577K Reduce -1.0%
ACWI iShares MSCI Acwi ETF 0.30% 4,909 $577K Reduce -54.8%
CCL Carnival Corp. 0.29% 22,574 $563K Reduce -27.5%
ETN Eaton Corp. PLC 0.29% 1,690 $561K No change
CHWY Chewy Inc. Class A 0.27% 15,886 $532K Add +62.1%
GEHC GE Healthcare Technology 0.27% 6,783 $530K Reduce -9.1%
UNH Unitedhealth Group Inc. 0.27% 1,044 $528K No change
GLD SPDR Gold Shares 0.27% 2,140 $518K Reduce -0.1%
CTAS Cintas Corp. 0.27% 2,828 $517K No change
XOM Exxon Mobil Corp. 0.26% 4,743 $510K Reduce -9.5%
NVS Novartis AG-Sponsored ADR 0.26% 5,122 $498K Add +1.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.25% 6,455 $496K No change
NOC Northrop Grumman Corp. 0.25% 1,048 $492K No change
VTES Vanguard SH Term Tax-Ex Bond 0.25% 4,800 $481K New
ABT Abbott Laboratories 0.25% 4,227 $478K Add +1.7%
FDS Factset Research Systems Inc. 0.24% 990 $475K No change
RSG Republic Services Inc. 0.24% 2,342 $471K Reduce -5.3%
BBY Best Buy Co. Inc. 0.22% 4,994 $428K Reduce -2.8%
KMI Kinder Morgan Inc. 0.21% 15,266 $418K No change
TMO Thermo Fisher Scientific Inc. 0.21% 802 $417K No change
PLD Prologis Inc. 0.21% 3,927 $415K No change
BMY Bristol-Myers Squibb Co. 0.21% 7,229 $409K Reduce -0.3%
AIQ Global X Art Intel & Tech 0.21% 10,454 $404K Reduce -0.4%
HALO Halozyme Therapeutics Inc. 0.21% 8,398 $402K Reduce -6.0%
TGT Target Corp. 0.20% 2,920 $395K Reduce -5.3%
WTW Willis Towers Watson PLC 0.20% 1,260 $395K No change
WEC WEC Energy Group Inc. 0.20% 4,085 $384K No change
DEO Diageo PLC-Sponsored ADR 0.20% 3,005 $382K No change
MDLZ Mondelez International Inc. Class A 0.19% 6,354 $380K Add +18.6%
IEI iShares 3-7 Year Treasury Bo 0.19% 3,222 $372K Add +18.4%
IYR iShares US Real Estate ETF 0.19% 3,986 $371K Add +19.1%
NKE Nike Inc. Class B 0.19% 4,852 $367K Add +63.4%
SSNC Ss&c Technologies Holdings 0.19% 4,806 $364K New
LLY Eli Lilly & Co. 0.18% 465 $359K No change
SIRI Sirius XM Holdings Inc. 0.18% 15,719 $358K Reduce -8.3%
TIP iShares Tips Bond ETF 0.18% 3,344 $356K Reduce -28.0%
PFE Pfizer Inc. 0.18% 13,261 $352K Add +0.2%
EOG EOG Resources Inc. 0.18% 2,861 $351K Add +73.5%
COF Capital One Financial Corp. 0.17% 1,889 $337K Reduce -8.7%
CL Colgate-Palmolive Co. 0.17% 3,600 $327K No change
DE Deere & Co. 0.17% 770 $326K Add +3.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.17% 7,414 $326K Reduce -2.0%
MAA Mid-America Apartment Comm 0.17% 2,100 $325K No change
KOF Coca-Cola Femsa Sab-SP ADR 0.16% 4,092 $319K Reduce -12.9%
GAP The Gap Inc. 0.16% 13,456 $318K Reduce -47.5%
AEP American Electric Power 0.16% 3,411 $315K Add +6.2%
HACK Amplify Cybersecurity ETF 0.16% 4,133 $308K Reduce -0.4%
ALLE Allegion PLC 0.16% 2,333 $305K No change
AMAT Applied Materials Inc. 0.15% 1,858 $302K New
STZ Constellation Brands Inc. Class A 0.15% 1,335 $295K No change
TKO Tko Group Holdings Inc. 0.15% 2,000 $284K No change
COP Conocophillips 0.14% 2,815 $279K Add +38.9%
LDOS Leidos Holdings Inc. 0.14% 1,900 $274K No change
BLK BlackRock Inc. 0.14% 263 $270K No change
CSX CSX Corp. 0.14% 8,292 $268K Add +4.3%
VZ Verizon Communications Inc. 0.14% 6,664 $266K Reduce -10.6%
TD Toronto-Dominion Bank 0.14% 5,001 $266K Reduce -38.3%
EBAY eBay Inc. 0.13% 4,225 $262K New
TSM Taiwan Semiconductor-SP ADR 0.13% 1,320 $261K No change
UL Unilever PLC 0.13% 4,586 $260K Add +4.2%
NVDA Nvidia Corp. 0.13% 1,933 $260K Add +5.0%
VEEV Veeva Systems Inc. Class A 0.13% 1,234 $259K New
IVV iShares Core S&P 500 ETF 0.13% 430 $253K Reduce -0.2%
LRCX Lam Research Corp. 0.13% 3,476 $251K New
VTIP Vanguard Short-Term Tips 0.12% 4,992 $242K Add +15.2%
SLQD iShares 0-5 YR Inv GRD Corp. 0.12% 4,854 $241K Reduce -12.3%
SCHP Schwab U.S. Tips ETF 0.12% 9,292 $240K No change
KLAC KLA Corp. 0.12% 380 $239K Reduce -1.0%
DUK Duke Energy Corp. 0.12% 2,178 $235K Add +11.3%
ROST Ross Stores Inc. 0.12% 1,549 $234K Add +5.2%
DON Wisdomtree US Midcap Dividen 0.12% 4,470 $228K No change
VB Vanguard Most SM-Cap ETF-Usd 0.12% 942 $226K Reduce -2.2%
EA Electronic Arts Inc. 0.12% 1,545 $226K New
TDW Tidewater Inc. 0.11% 4,024 $220K New
EPD Enterprise Products Partners 0.11% 6,920 $217K Reduce -1.4%
PDD PDD Holdings Inc. 0.11% 2,200 $213K No change
MAC The Macerich Co. 0.11% 10,328 $206K Reduce -5.9%
TXN Texas Instruments Inc. 0.10% 1,071 $201K New
CRUS Cirrus Logic Inc. 0.10% 2,011 $200K New
MAT Mattel Inc. 0.10% 11,032 $196K Reduce -12.1%
VTRS Viatris Inc. 0.10% 15,213 $189K Reduce -63.8%
GNW Genworth Financial Inc. 0.05% 15,000 $105K No change
BRC INC-A 0.03% 17,550 $56K Reduce -1.7%
PLBY Playboy Inc. filed as PLBY GROUP INC 0.02% 27,962 $41K No change

Portfolio Sells Q3 2024 → Q4 2024
WOOD iShares Global Timber & Fore Sold out 0.00% −0.43
ACWI iShares MSCI Acwi ETF Reduce -54.8% 0.30% −0.38
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -1.1% 2.31% −0.35
VGIT Vanguard Intermediate-Term T Reduce -12.5% 1.70% −0.34
GSK GSK PLC-Spon ADR Sold out 0.00% −0.31
AEO American Eagle Outfitters Sold out 0.00% −0.25
YETI Yeti Holdings Inc. Sold out 0.00% −0.24
GRBK Green Brick Partners Inc. Sold out 0.00% −0.24
ADBE Adobe Inc. Reduce -14.0% 0.48% −0.18
MUB iShares National Muni Bond E Reduce -9.7% 1.24% −0.18
SCS Steelcase Inc. Class A Sold out 0.00% −0.17
PLAB Photronics Inc. Sold out 0.00% −0.16
VTRS Viatris Inc. Reduce -63.8% 0.10% −0.16
MMM 3M Co. Reduce -27.2% 0.30% −0.14
QCOM Qualcomm Inc. Reduce -3.0% 0.88% −0.14
DHI D.R. Horton Inc. Sold out 0.00% −0.14
GAP The Gap Inc. Reduce -47.5% 0.16% −0.13
SHEL Shell PLC-ADR Reduce -19.1% 0.41% −0.13
TD Toronto-Dominion Bank Reduce -38.3% 0.14% −0.13
EQT Eqt Corp. Sold out 0.00% −0.13
PSA Public Storage Sold out 0.00% −0.12
IAU iShares Gold Trust Reduce -3.4% 2.39% −0.12
CARR Carrier Global Corp. Sold out 0.00% −0.12
VNQI Vanguard GLBL Ex-US Real Est Sold out 0.00% −0.12
SUB iShares Short-Term National Reduce -3.5% 2.23% −0.12
NEE Nextera Energy Inc. Reduce -0.6% 0.61% −0.12
IGIB iShares 5-10Y Inv Grade Corp. Sold out 0.00% −0.12
AGG iShares Core U.S. Aggregate Reduce -1.8% 1.55% −0.12
LHX L3HARRIS Technologies Inc. Sold out 0.00% −0.12
GD General Dynamics Corp. Sold out 0.00% −0.11
CSL Carlisle Cos Inc. Reduce -3.6% 0.35% −0.10
GEHC GE Healthcare Technology Reduce -9.1% 0.27% −0.09
TIP iShares Tips Bond ETF Reduce -28.0% 0.18% −0.08
PROSHARES VIX SHORT-TERM FUT Sold out 0.00% −0.08
SPGP Invesco S&P 500 Garp ETF Reduce -1.6% 2.58% −0.07
PROSHARES TR Sold out 0.00% −0.07
VGSH Vanguard Short-Term Treasury Reduce -0.4% 2.06% −0.06
HALO Halozyme Therapeutics Inc. Reduce -6.0% 0.21% −0.06
XOM Exxon Mobil Corp. Reduce -9.5% 0.26% −0.06
BBY Best Buy Co. Inc. Reduce -2.8% 0.22% −0.06
KOF Coca-Cola Femsa Sab-SP ADR Reduce -12.9% 0.16% −0.05
ADSK Autodesk Inc. Reduce -17.8% 0.33% −0.05
TGT Target Corp. Reduce -5.3% 0.20% −0.05
VZ Verizon Communications Inc. Reduce -10.6% 0.14% −0.04
SHY iShares 1-3 Year Treasury Bo Reduce -5.1% 0.45% −0.04
MCD McDonald's Corp. Reduce -0.6% 0.53% −0.04
CTSH Cognizant Tech Solutions-A Reduce -8.3% 0.34% −0.04
PDBC Invesco Optimum Yield Divers Reduce -6.3% 0.30% −0.04
SBUX Starbucks Corp. Reduce -1.4% 0.34% −0.03
KLAC KLA Corp. Reduce -1.0% 0.12% −0.03

Portfolio Buys Q3 2024 → Q4 2024
VBR Vngrd Mrngst SL-CP Val ETF-U Add +31.4% 4.13% +0.91
FNDX Schwab Fndmntl US LRG Co. ETF Add +25.6% 3.81% +0.71
VXUS Vanguard Total Intl Stock Add +77.2% 1.30% +0.48
STIP iShares 0-5 Year Tips Bond E Add +19.4% 2.77% +0.41
BNDW Vanguard Total World Bond Et Add +45.1% 1.46% +0.41
DGRO iShares Core Dividend Growth Add +16.7% 3.25% +0.37
VNQ Vanguard Real Estate ETF Add +34.1% 1.87% +0.33
VTES Vanguard SH Term Tax-Ex Bond New 0.25% +0.25
GOOGL Alphabet Inc. Class A Add +0.9% 1.90% +0.23
SSNC Ss&c Technologies Holdings New 0.19% +0.19
AMAT Applied Materials Inc. New 0.15% +0.15
VTEB Vanguard Tax-Exempt Bond ETF Add +76.3% 0.36% +0.15
EBAY eBay Inc. New 0.13% +0.13
VEEV Veeva Systems Inc. Class A New 0.13% +0.13
LRCX Lam Research Corp. New 0.13% +0.13
CHWY Chewy Inc. Class A Add +62.1% 0.27% +0.12
EA Electronic Arts Inc. New 0.12% +0.12
TDW Tidewater Inc. New 0.11% +0.11
BIL SS SPDR BB 1-3M T-Bill ETF Add +10.6% 1.36% +0.11
ZM Zoom Communications Inc. Add +16.9% 0.40% +0.10
TXN Texas Instruments Inc. New 0.10% +0.10
CRUS Cirrus Logic Inc. New 0.10% +0.10
TJX TJX Companies Inc. Add +24.8% 0.45% +0.10
IJH iShares Core S&P Midcap ETF Add +5.2% 2.03% +0.08
EOG EOG Resources Inc. Add +73.5% 0.18% +0.07
NKE Nike Inc. Class B Add +63.4% 0.19% +0.05
META Meta Platforms Inc. Class A Add +14.8% 0.37% +0.05
COP Conocophillips Add +38.9% 0.14% +0.03
MRK Merck & Co. Inc. Add +21.9% 0.54% +0.03
TAP Molson Coors Beverage Co. Class B Add +7.7% 0.41% +0.02
IEI iShares 3-7 Year Treasury Bo Add +18.4% 0.19% +0.02
AFL Aflac Inc. Add +16.9% 0.31% +0.02
NVDA Nvidia Corp. Add +5.0% 0.13% +0.02
IYR iShares US Real Estate ETF Add +19.1% 0.19% +0.01
VTIP Vanguard Short-Term Tips Add +15.2% 0.12% +0.01
DE Deere & Co. Add +3.8% 0.17% +0.01
ROST Ross Stores Inc. Add +5.2% 0.12% +0.01
DUK Duke Energy Corp. Add +11.3% 0.12% +0.00
SYK Stryker Corp. Add +1.5% 0.37% 0.00
ABT Abbott Laboratories Add +1.7% 0.25% −0.00
ABBV Abbvie Inc. Add +11.5% 0.32% −0.00
CSX CSX Corp. Add +4.3% 0.14% −0.01
HSY The Hershey Co. Add +12.5% 0.33% −0.01
ORCL Oracle Corp. Add +1.6% 0.46% −0.01
AEP American Electric Power Add +6.2% 0.16% −0.01
MDLZ Mondelez International Inc. Class A Add +18.6% 0.19% −0.01
UL Unilever PLC Add +4.2% 0.13% −0.01
PG The Procter & Gamble Co. Add +1.1% 0.50% −0.02
PFE Pfizer Inc. Add +0.2% 0.18% −0.02
COMT iShares Gsci Commodity Dynam Add +0.8% 0.84% −0.02

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