Alhambra Investment Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 15, 2025), Alhambra Investment Management LLC reported 163 stock positions worth $194.1 million. Its top holding was Apple (AAPL) at 6.3% of the portfolio, followed by Schwab Fndmntl US LRG Co. ETF (FNDX, 4.8%) and Vngrd Mrngst SL-CP Val ETF-U (VBR, 4.7%). Compared with Q4 2024, it opened 7 new positions, sold out of 10, added to 55 and reduced 73. The biggest buy was Schwab Fndmntl US LRG Co. ETF (FNDX, shares +25%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- PALMETTO BAY, FL
- CIK
- 0001802696
- Portfolio Value
- $194.1M (Q1 2025)
- SEC Filing
- 0001802696-25-000002 ↗ filed Apr 15, 2025
Holdings Value
Holdings 163 stocks · $194.1M
| AAPL Apple Inc. | 6.26% | 54,723 | $12.2M | Reduce -0.4% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 4.77% | 391,819 | $9.3M | Add +24.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 4.71% | 49,014 | $9.1M | Add +20.5% |
| DGRO iShares Core Dividend Growth | 3.54% | 111,084 | $6.9M | Add +7.4% |
| COST Costco Wholesale Corp. | 2.91% | 5,977 | $5.7M | Reduce -1.9% |
| STIP iShares 0-5 Year Tips Bond E | 2.81% | 52,678 | $5.5M | Reduce -2.0% |
| IAU iShares Gold Trust | 2.62% | 86,252 | $5.1M | Reduce -8.4% |
| SPGP Invesco S&P 500 Garp ETF | 2.55% | 49,557 | $4.9M | Add +3.3% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.47% | 132,634 | $4.8M | Reduce -2.3% |
| REET iShares Global REIT ETF | 2.16% | 173,100 | $4.2M | Add +2.3% |
| VNQ Vanguard Real Estate ETF | 2.09% | 44,894 | $4.1M | Add +9.6% |
| IJH iShares Core S&P Midcap ETF | 1.90% | 63,156 | $3.7M | Reduce -0.4% |
| VGSH Vanguard Short-Term Treasury | 1.79% | 59,350 | $3.5M | Reduce -13.9% |
| VGIT Vanguard Intermediate-Term T | 1.75% | 57,172 | $3.4M | Add +0.3% |
| SUB iShares Short-Term National | 1.62% | 29,801 | $3.1M | Reduce -27.7% |
| AGG iShares Core U.S. Aggregate | 1.56% | 30,630 | $3.0M | Reduce -1.5% |
| BNDW Vanguard Total World Bond Et | 1.55% | 43,784 | $3.0M | Add +5.2% |
| GOOGL Alphabet Inc. Class A | 1.55% | 19,396 | $3.0M | Reduce -0.9% |
| VXUS Vanguard Total Intl Stock | 1.49% | 46,468 | $2.9M | Add +8.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.47% | 5,366 | $2.9M | Reduce -0.1% |
| MSFT Microsoft Corp. | 1.45% | 7,519 | $2.8M | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 1.17% | 14,569 | $2.3M | Reduce -0.0% |
| MUB iShares National Muni Bond E | 1.16% | 21,322 | $2.2M | Reduce -6.0% |
| ISRG Intuitive Surgical Inc. | 1.15% | 4,500 | $2.2M | No change |
| HD Home Depot Inc. | 1.12% | 5,907 | $2.2M | Reduce -1.3% |
| PDBC Invesco Optimum Yield Divers | 1.11% | 158,143 | $2.2M | Add +246.8% |
| COMT iShares Gsci Commodity Dynam | 1.06% | 77,981 | $2.1M | Add +20.4% |
| JPM JPMorgan Chase & Co. | 0.98% | 7,729 | $1.9M | Reduce -1.2% |
| QCOM Qualcomm Inc. | 0.88% | 11,122 | $1.7M | Reduce -0.9% |
| V Visa Inc. Class A | 0.82% | 4,545 | $1.6M | Reduce -0.2% |
| CSCO Cisco Systems Inc. | 0.79% | 24,975 | $1.5M | Add +0.5% |
| JNJ Johnson & Johnson | 0.78% | 9,100 | $1.5M | Add +0.1% |
| PEP Pepsico Inc. | 0.71% | 9,153 | $1.4M | Reduce -0.1% |
| TDS Telephone and Data Systems | 0.68% | 34,000 | $1.3M | No change |
| GE General Electric filed as GE AEROSPACE | 0.62% | 6,023 | $1.2M | Reduce -3.3% |
| AMGN Amgen Inc. | 0.61% | 3,828 | $1.2M | Add +0.1% |
| NEE Nextera Energy Inc. | 0.60% | 16,512 | $1.2M | No change |
| NFLX Netflix Inc. | 0.59% | 1,237 | $1.2M | Add +4.7% |
| MCD McDonald's Corp. | 0.57% | 3,555 | $1.1M | Add +0.1% |
| GRMN Garmin Ltd. | 0.55% | 4,932 | $1.1M | Reduce -17.1% |
| AMZN Amazon.com Inc. | 0.54% | 5,530 | $1.1M | Add +9.4% |
| XOM Exxon Mobil Corp. | 0.54% | 8,743 | $1.0M | Add +84.3% |
| AXP American Express Co. | 0.53% | 3,851 | $1.0M | Reduce -3.5% |
| PNC PNC Financial Services Group | 0.52% | 5,791 | $1.0M | No change |
| PG The Procter & Gamble Co. | 0.51% | 5,770 | $983K | Reduce -0.3% |
| SONY Sony Group Corp. - SP ADR | 0.50% | 38,508 | $978K | Reduce -3.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.50% | 8,023 | $977K | Add +9.9% |
| RTX RTX Corp. | 0.50% | 7,302 | $967K | No change |
| MRK Merck & Co. Inc. | 0.49% | 10,623 | $954K | Reduce -0.5% |
| WMT Walmart Inc. | 0.47% | 10,471 | $919K | Add +1.1% |
| CI The Cigna Group | 0.47% | 2,782 | $915K | Add +2.1% |
| ADP Automatic Data Processing | 0.47% | 2,964 | $906K | Reduce -3.9% |
| SHEL Shell PLC-ADR | 0.47% | 12,341 | $904K | Reduce -3.2% |
| PYPL PayPal Holdings Inc. | 0.47% | 13,828 | $902K | Reduce -14.5% |
| CVX Chevron Corp. | 0.46% | 5,309 | $888K | Reduce -1.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.46% | 10,682 | $884K | Reduce -0.2% |
| KO The Coca-Cola Co. | 0.45% | 12,222 | $875K | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 0.45% | 1,513 | $872K | Add +22.1% |
| BSV Vanguard Short-Term Bond ETF | 0.42% | 10,309 | $807K | Add +0.6% |
| PH Parker Hannifin Corp. | 0.40% | 1,291 | $785K | Reduce -13.1% |
| ORCL Oracle Corp. | 0.39% | 5,371 | $751K | Reduce -0.2% |
| ABBV Abbvie Inc. | 0.38% | 3,497 | $733K | Add +0.1% |
| YUM Yum! Brands Inc. | 0.37% | 4,589 | $722K | No change |
| SYK Stryker Corp. | 0.37% | 1,934 | $720K | Reduce -3.1% |
| LOW Lowe's Cos Inc. | 0.37% | 3,050 | $711K | Reduce -6.6% |
| ACN Accenture PLC Class A | 0.36% | 2,253 | $703K | No change |
| SBUX Starbucks Corp. | 0.36% | 7,145 | $701K | Reduce -0.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.36% | 14,100 | $700K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.36% | 7,546 | $692K | Reduce -74.0% |
| NOC Northrop Grumman Corp. | 0.35% | 1,318 | $675K | Add +25.8% |
| TAP Molson Coors Beverage Co. Class B | 0.35% | 11,048 | $672K | Reduce -20.8% |
| GLD SPDR Gold Shares | 0.33% | 2,240 | $645K | Add +4.7% |
| MMM 3M Co. | 0.33% | 4,393 | $645K | Reduce -3.9% |
| CTSH Cognizant Tech Solutions-A | 0.33% | 8,335 | $638K | Reduce -2.2% |
| TRV The Travelers Cos Inc. | 0.32% | 2,380 | $629K | Reduce -0.6% |
| CSL Carlisle Cos Inc. | 0.32% | 1,823 | $621K | Reduce -1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.31% | 6,028 | $595K | Add +3.5% |
| CTAS Cintas Corp. | 0.30% | 2,820 | $580K | Reduce -0.3% |
| NVS Novartis AG-Sponsored ADR | 0.29% | 5,130 | $572K | Add +0.2% |
| HSY The Hershey Co. | 0.29% | 3,309 | $566K | Reduce -13.8% |
| RSG Republic Services Inc. | 0.29% | 2,337 | $566K | Reduce -0.2% |
| ABT Abbott Laboratories | 0.29% | 4,227 | $561K | No change |
| IJR iShares Core S&P Small-Cap E | 0.29% | 5,351 | $560K | Add +0.1% |
| ADSK Autodesk Inc. | 0.28% | 2,097 | $549K | Reduce -2.3% |
| AFL Aflac Inc. | 0.28% | 4,925 | $548K | Reduce -15.2% |
| UNH Unitedhealth Group Inc. | 0.28% | 1,036 | $543K | Reduce -0.8% |
| DHR Danaher Corp. | 0.28% | 2,641 | $541K | No change |
| JPST JPMorgan Ultra-Short Income | 0.27% | 10,262 | $520K | Reduce -14.2% |
| GEHC GE Healthcare Technology | 0.27% | 6,418 | $518K | Reduce -5.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.27% | 6,175 | $518K | Reduce -4.3% |
| ACWI iShares MSCI Acwi ETF | 0.26% | 4,387 | $511K | Reduce -10.6% |
| ADBE Adobe Inc. | 0.26% | 1,321 | $507K | Reduce -37.5% |
| CHWY Chewy Inc. Class A | 0.26% | 15,501 | $504K | Reduce -2.4% |
| VTES Vanguard SH Term Tax-Ex Bond | 0.25% | 4,800 | $482K | No change |
| ETN Eaton Corp. PLC | 0.23% | 1,675 | $455K | Reduce -0.9% |
| IYR iShares US Real Estate ETF | 0.23% | 4,653 | $446K | Add +16.7% |
| MDLZ Mondelez International Inc. Class A | 0.23% | 6,560 | $445K | Add +3.2% |
| KMI Kinder Morgan Inc. | 0.23% | 15,571 | $444K | Add +2.0% |
| ZM Zoom Communications Inc. | 0.23% | 6,008 | $443K | Reduce -36.5% |
| EOG EOG Resources Inc. | 0.23% | 3,447 | $442K | Add +20.5% |
Portfolio Sells Q4 2024 → Q1 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -74.0% | 0.36% | −1.00 |
| AAPL Apple Inc. | Reduce -0.4% | 6.26% | −0.79 |
| SUB iShares Short-Term National | Reduce -27.7% | 1.62% | −0.61 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.43 |
| GOOGL Alphabet Inc. Class A | Reduce -0.9% | 1.55% | −0.36 |
| VGSH Vanguard Short-Term Treasury | Reduce -13.9% | 1.79% | −0.26 |
| GOOG Alphabet Inc. Class C | Reduce -0.0% | 1.17% | −0.25 |
| PYPL PayPal Holdings Inc. | Reduce -14.5% | 0.47% | −0.24 |
| ADBE Adobe Inc. | Reduce -37.5% | 0.26% | −0.22 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.22 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.21 |
| MSFT Microsoft Corp. | Reduce -1.1% | 1.45% | −0.19 |
| CCL Carnival Corp. | Reduce -51.5% | 0.11% | −0.18 |
| ZM Zoom Communications Inc. | Reduce -36.5% | 0.23% | −0.17 |
| GAP The Gap Inc. | Sold out | 0.00% | −0.16 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.15 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.4% | 1.90% | −0.13 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.12 |
| TDW Tidewater Inc. | Sold out | 0.00% | −0.11 |
| MAC The Macerich Co. | Sold out | 0.00% | −0.11 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.10 |
| VTRS Viatris Inc. | Sold out | 0.00% | −0.10 |
| MUB iShares National Muni Bond E | Reduce -6.0% | 1.16% | −0.08 |
| PH Parker Hannifin Corp. | Reduce -13.1% | 0.40% | −0.08 |
| HD Home Depot Inc. | Reduce -1.3% | 1.12% | −0.08 |
| GRMN Garmin Ltd. | Reduce -17.1% | 0.55% | −0.08 |
| AXP American Express Co. | Reduce -3.5% | 0.53% | −0.07 |
| ORCL Oracle Corp. | Reduce -0.2% | 0.39% | −0.07 |
| TAP Molson Coors Beverage Co. Class B | Reduce -20.8% | 0.35% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -0.5% | 0.49% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -0.9% | 0.23% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -6.6% | 0.37% | −0.05 |
| ADSK Autodesk Inc. | Reduce -2.3% | 0.28% | −0.04 |
| HSY The Hershey Co. | Reduce -13.8% | 0.29% | −0.04 |
| JPST JPMorgan Ultra-Short Income | Reduce -14.2% | 0.27% | −0.04 |
| FDS Factset Research Systems Inc. | Reduce -12.1% | 0.20% | −0.04 |
| ACWI iShares MSCI Acwi ETF | Reduce -10.6% | 0.26% | −0.03 |
| SIRI Sirius XM Holdings Inc. | Reduce -16.3% | 0.15% | −0.03 |
| CSL Carlisle Cos Inc. | Reduce -1.4% | 0.32% | −0.03 |
| AFL Aflac Inc. | Reduce -15.2% | 0.28% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.5% | 0.20% | −0.01 |
| CHWY Chewy Inc. Class A | Reduce -2.4% | 0.26% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -4.1% | 0.10% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -5.8% | 0.12% | −0.01 |
| VTIP Vanguard Short-Term Tips | Reduce -11.7% | 0.11% | −0.01 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Reduce -9.7% | 0.11% | −0.01 |
| PFE Pfizer Inc. | Reduce -1.8% | 0.17% | −0.01 |
| CTSH Cognizant Tech Solutions-A | Reduce -2.2% | 0.33% | −0.01 |
| PEP Pepsico Inc. | Reduce -0.1% | 0.71% | −0.01 |
| GEHC GE Healthcare Technology | Reduce -5.4% | 0.27% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +24.9% | 4.77% | +0.96 |
| PDBC Invesco Optimum Yield Divers | Add +246.8% | 1.11% | +0.81 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +20.5% | 4.71% | +0.57 |
| DGRO iShares Core Dividend Growth | Add +7.4% | 3.54% | +0.28 |
| XOM Exxon Mobil Corp. | Add +84.3% | 0.54% | +0.27 |
| VNQ Vanguard Real Estate ETF | Add +9.6% | 2.09% | +0.22 |
| COMT iShares Gsci Commodity Dynam | Add +20.4% | 1.06% | +0.22 |
| VXUS Vanguard Total Intl Stock | Add +8.3% | 1.49% | +0.19 |
| JBL Jabil Inc. | New | 0.16% | +0.16 |
| RSP Invesco S&P 500 Equal Weight | New | 0.12% | +0.12 |
| DOX Amdocs Ltd. | New | 0.12% | +0.12 |
| MO Altria Group Inc. | New | 0.11% | +0.11 |
| AVT Avnet Inc. | New | 0.11% | +0.11 |
| JNJ Johnson & Johnson | Add +0.1% | 0.78% | +0.10 |
| AMGN Amgen Inc. | Add +0.1% | 0.61% | +0.10 |
| BNDW Vanguard Total World Bond Et | Add +5.2% | 1.55% | +0.10 |
| NOC Northrop Grumman Corp. | Add +25.8% | 0.35% | +0.10 |
| UPWK Upwork Inc. | New | 0.09% | +0.09 |
| CI The Cigna Group | Add +2.1% | 0.47% | +0.09 |
| REET iShares Global REIT ETF | Add +2.3% | 2.16% | +0.08 |
| META Meta Platforms Inc. Class A | Add +22.1% | 0.45% | +0.08 |
| GLD SPDR Gold Shares | Add +4.7% | 0.33% | +0.07 |
| ABBV Abbvie Inc. | Add +0.1% | 0.38% | +0.06 |
| EA Electronic Arts Inc. | Add +47.6% | 0.17% | +0.05 |
| NFLX Netflix Inc. | Add +4.7% | 0.59% | +0.05 |
| VGIT Vanguard Intermediate-Term T | Add +0.3% | 1.75% | +0.05 |
| MAT Mattel Inc. | Add +38.7% | 0.15% | +0.05 |
| TJX TJX Companies Inc. | Add +9.9% | 0.50% | +0.05 |
| VEEV Veeva Systems Inc. Class A | Add +23.3% | 0.18% | +0.05 |
| EOG EOG Resources Inc. | Add +20.5% | 0.23% | +0.05 |
| MCD McDonald's Corp. | Add +0.1% | 0.57% | +0.04 |
| CSCO Cisco Systems Inc. | Add +0.5% | 0.79% | +0.04 |
| IYR iShares US Real Estate ETF | Add +16.7% | 0.23% | +0.04 |
| NVS Novartis AG-Sponsored ADR | Add +0.2% | 0.29% | +0.04 |
| MDLZ Mondelez International Inc. Class A | Add +3.2% | 0.23% | +0.03 |
| COF Capital One Financial Corp. | Add +17.2% | 0.20% | +0.03 |
| AEP American Electric Power | Add +0.1% | 0.19% | +0.03 |
| LRCX Lam Research Corp. | Add +22.6% | 0.16% | +0.03 |
| SSNC Ss&c Technologies Holdings | Add +4.4% | 0.22% | +0.03 |
| COP Conocophillips | Add +9.9% | 0.17% | +0.02 |
| DUK Duke Energy Corp. | Add +4.1% | 0.14% | +0.02 |
| MAA Mid-America Apartment Comm | Add +3.1% | 0.19% | +0.02 |
| LLY Eli Lilly & Co. | Add +3.0% | 0.20% | +0.02 |
| CRUS Cirrus Logic Inc. | Add +17.9% | 0.12% | +0.02 |
| ZYXIQ Zynex Inc. | New | 0.02% | +0.02 |
| KMI Kinder Morgan Inc. | Add +2.0% | 0.23% | +0.01 |
| PLD Prologis Inc. | Add +0.4% | 0.23% | +0.01 |
| BAC Bank of America Corp. | Add +13.4% | 0.18% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +0.6% | 0.42% | +0.01 |
| UL Unilever PLC | Add +0.6% | 0.14% | +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 |