Alhambra Investment Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 15, 2025), Alhambra Investment Management LLC reported 180 stock positions worth $201.7 million. Its top holding was Apple (AAPL) at 5.6% of the portfolio, followed by Schwab Fndmntl US LRG Co. ETF (FNDX, 5.0%) and iShares Core Dividend Growth (DGRO, 3.5%). Compared with Q1 2025, it opened 20 new positions, sold out of 3, added to 70 and reduced 52. The biggest buy was a new position in Abrdn Physical Palladium SHS (PALL) and the biggest sale Vngrd Mrngst SL-CP Val ETF-U (VBR, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- PALMETTO BAY, FL
- CIK
- 0001802696
- Portfolio Value
- $201.7M (Q2 2025)
- SEC Filing
- 0001802696-25-000003 ↗ filed Jul 15, 2025
Holdings Value
Holdings 180 stocks · $201.7M
| AAPL Apple Inc. | 5.57% | 54,709 | $11.2M | Reduce -0.0% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 4.96% | 407,740 | $10.0M | Add +4.1% |
| DGRO iShares Core Dividend Growth | 3.52% | 111,102 | $7.1M | Add +0.0% |
| COST Costco Wholesale Corp. | 2.87% | 5,847 | $5.8M | Reduce -2.2% |
| STIP iShares 0-5 Year Tips Bond E | 2.74% | 53,686 | $5.5M | Add +1.9% |
| SPGP Invesco S&P 500 Garp ETF | 2.69% | 50,432 | $5.4M | Add +1.8% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.59% | 130,632 | $5.2M | Reduce -1.5% |
| REET iShares Global REIT ETF | 2.12% | 172,869 | $4.3M | Reduce -0.1% |
| IAU iShares Gold Trust | 2.09% | 67,576 | $4.2M | Reduce -21.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.03% | 21,000 | $4.1M | Reduce -57.2% |
| VNQ Vanguard Real Estate ETF | 2.00% | 45,273 | $4.0M | Add +0.8% |
| IJH iShares Core S&P Midcap ETF | 1.97% | 63,926 | $4.0M | Add +1.2% |
| MSFT Microsoft Corp. | 1.84% | 7,468 | $3.7M | Reduce -0.7% |
| VGSH Vanguard Short-Term Treasury | 1.78% | 60,946 | $3.6M | Add +2.7% |
| VGIT Vanguard Intermediate-Term T | 1.76% | 59,485 | $3.6M | Add +4.0% |
| GOOGL Alphabet Inc. Class A | 1.70% | 19,480 | $3.4M | Add +0.4% |
| BNDW Vanguard Total World Bond Et | 1.63% | 47,338 | $3.3M | Add +8.1% |
| SUB iShares Short-Term National | 1.61% | 30,586 | $3.3M | Add +2.6% |
| VXUS Vanguard Total Intl Stock | 1.61% | 46,876 | $3.2M | Add +0.9% |
| AGG iShares Core U.S. Aggregate | 1.50% | 30,431 | $3.0M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.31% | 5,425 | $2.6M | Add +1.1% |
| GOOG Alphabet Inc. Class C | 1.26% | 14,379 | $2.6M | Reduce -1.3% |
| ISRG Intuitive Surgical Inc. | 1.21% | 4,500 | $2.4M | No change |
| MUB iShares National Muni Bond E | 1.14% | 21,972 | $2.3M | Add +3.0% |
| HD Home Depot Inc. | 1.09% | 6,020 | $2.2M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 1.06% | 7,393 | $2.1M | Reduce -4.3% |
| PDBC Invesco Optimum Yield Divers | 1.03% | 159,989 | $2.1M | Add +1.2% |
| COMT iShares Gsci Commodity Dynam | 1.02% | 79,965 | $2.1M | Add +2.5% |
| CSCO Cisco Systems Inc. | 0.88% | 25,651 | $1.8M | Add +2.7% |
| QCOM Qualcomm Inc. | 0.81% | 10,248 | $1.6M | Reduce -7.9% |
| V Visa Inc. Class A | 0.81% | 4,592 | $1.6M | Add +1.0% |
| PALL Abrdn Physical Palladium SHS | 0.79% | 15,838 | $1.6M | New |
| NFLX Netflix Inc. | 0.78% | 1,176 | $1.6M | Reduce -4.9% |
| PPLT Abrdn Physical Platinum SHRS | 0.70% | 11,452 | $1.4M | New |
| JNJ Johnson & Johnson | 0.69% | 9,123 | $1.4M | Add +0.3% |
| PEP Pepsico Inc. | 0.68% | 10,339 | $1.4M | Add +13.0% |
| AXP American Express Co. | 0.68% | 4,275 | $1.4M | Add +11.0% |
| GE General Electric filed as GE AEROSPACE | 0.66% | 5,188 | $1.3M | Reduce -13.9% |
| AMZN Amazon.com Inc. | 0.61% | 5,608 | $1.2M | Add +1.4% |
| TDS Telephone and Data Systems | 0.60% | 34,000 | $1.2M | No change |
| ORCL Oracle Corp. | 0.59% | 5,404 | $1.2M | Add +0.6% |
| META Meta Platforms Inc. Class A | 0.57% | 1,549 | $1.1M | Add +2.4% |
| NEE Nextera Energy Inc. | 0.56% | 16,362 | $1.1M | Reduce -0.9% |
| AMGN Amgen Inc. | 0.55% | 3,976 | $1.1M | Add +3.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.55% | 8,934 | $1.1M | Add +11.3% |
| KO The Coca-Cola Co. | 0.54% | 15,523 | $1.1M | Add +27.0% |
| PNC PNC Financial Services Group | 0.54% | 5,791 | $1.1M | No change |
| PYPL PayPal Holdings Inc. | 0.53% | 14,507 | $1.1M | Add +4.9% |
| RTX RTX Corp. | 0.53% | 7,302 | $1.1M | No change |
| SONY Sony Group Corp. - SP ADR | 0.52% | 39,991 | $1.0M | Add +3.9% |
| WMT Walmart Inc. | 0.51% | 10,585 | $1.0M | Add +1.1% |
| MCD McDonald's Corp. | 0.51% | 3,534 | $1.0M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 0.48% | 9,018 | $972K | Add +3.1% |
| ADP Automatic Data Processing | 0.47% | 3,095 | $955K | Add +4.4% |
| GRMN Garmin Ltd. | 0.46% | 4,461 | $931K | Reduce -9.6% |
| PG The Procter & Gamble Co. | 0.46% | 5,777 | $920K | Add +0.1% |
| CI The Cigna Group | 0.46% | 2,782 | $920K | No change |
| PH Parker Hannifin Corp. | 0.45% | 1,291 | $902K | No change |
| SHEL Shell PLC-ADR | 0.43% | 12,286 | $865K | Reduce -0.5% |
| MRK Merck & Co. Inc. | 0.43% | 10,876 | $861K | Add +2.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.41% | 8,911 | $817K | Add +18.1% |
| VTES Vanguard SH Term Tax-Ex Bond | 0.39% | 7,800 | $787K | Add +62.5% |
| SYK Stryker Corp. | 0.38% | 1,937 | $766K | Add +0.2% |
| CVX Chevron Corp. | 0.38% | 5,325 | $762K | Add +0.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.37% | 9,124 | $756K | Reduce -14.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.37% | 6,069 | $753K | Add +0.7% |
| ABBV Abbvie Inc. | 0.36% | 3,929 | $729K | Add +12.3% |
| LLY Eli Lilly & Co. | 0.36% | 924 | $720K | Add +92.9% |
| BSV Vanguard Short-Term Bond ETF | 0.35% | 8,874 | $698K | Reduce -13.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.34% | 14,100 | $691K | No change |
| ACN Accenture PLC Class A | 0.34% | 2,303 | $688K | Add +2.2% |
| CSL Carlisle Cos Inc. | 0.34% | 1,823 | $681K | No change |
| YUM Yum! Brands Inc. | 0.34% | 4,589 | $680K | No change |
| LOW Lowe's Cos Inc. | 0.34% | 3,050 | $677K | No change |
| CHWY Chewy Inc. Class A | 0.33% | 15,685 | $668K | Add +1.2% |
| CTSH Cognizant Tech Solutions-A | 0.32% | 8,382 | $654K | Add +0.6% |
| ADSK Autodesk Inc. | 0.32% | 2,063 | $639K | Reduce -1.6% |
| NOC Northrop Grumman Corp. | 0.31% | 1,269 | $634K | Reduce -3.7% |
| GLD SPDR Gold Shares | 0.31% | 2,081 | $634K | Reduce -7.1% |
| CTAS Cintas Corp. | 0.31% | 2,820 | $628K | No change |
| TRV The Travelers Cos Inc. | 0.31% | 2,330 | $623K | Reduce -2.1% |
| NVS Novartis AG-Sponsored ADR | 0.31% | 5,146 | $623K | Add +0.3% |
| SSNC Ss&c Technologies Holdings | 0.30% | 7,324 | $606K | Add +46.0% |
| ETN Eaton Corp. PLC | 0.30% | 1,675 | $598K | No change |
| IJR iShares Core S&P Small-Cap E | 0.29% | 5,336 | $583K | Reduce -0.3% |
| ABT Abbott Laboratories | 0.29% | 4,273 | $581K | Add +1.1% |
| RSG Republic Services Inc. | 0.29% | 2,337 | $576K | No change |
| HSY The Hershey Co. | 0.28% | 3,441 | $571K | Add +4.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.28% | 6,175 | $563K | No change |
| AFL Aflac Inc. | 0.26% | 5,015 | $529K | Add +1.8% |
| DHR Danaher Corp. | 0.26% | 2,641 | $522K | No change |
| JPST JPMorgan Ultra-Short Income | 0.26% | 10,262 | $520K | No change |
| ADBE Adobe Inc. | 0.26% | 1,329 | $514K | Add +0.6% |
| LRCX Lam Research Corp. | 0.25% | 5,213 | $507K | Add +22.3% |
| ACWI iShares MSCI Acwi ETF | 0.25% | 3,902 | $502K | Reduce -11.1% |
| KMI Kinder Morgan Inc. | 0.23% | 15,934 | $468K | Add +2.3% |
| GEHC GE Healthcare Technology | 0.23% | 6,133 | $454K | Reduce -4.4% |
| AIQ Global X Art Intel & Tech | 0.23% | 10,396 | $454K | Reduce -0.8% |
| SBUX Starbucks Corp. | 0.22% | 4,935 | $452K | Reduce -30.9% |
| JBL Jabil Inc. | 0.22% | 2,049 | $447K | Reduce -7.4% |
Portfolio Sells Q1 2025 → Q2 2025
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -57.2% | 2.03% | −2.67 |
| AAPL Apple Inc. | Reduce -0.0% | 5.57% | −0.70 |
| IAU iShares Gold Trust | Reduce -21.6% | 2.09% | −0.53 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.28 |
| TAP Molson Coors Beverage Co. Class B | Reduce -62.2% | 0.10% | −0.25 |
| MMM 3M Co. | Reduce -47.5% | 0.17% | −0.16 |
| SIRI Sirius XM Holdings Inc. | Sold out | 0.00% | −0.15 |
| SBUX Starbucks Corp. | Reduce -30.9% | 0.22% | −0.14 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.11 |
| GRMN Garmin Ltd. | Reduce -9.6% | 0.46% | −0.09 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -14.6% | 0.37% | −0.08 |
| QCOM Qualcomm Inc. | Reduce -7.9% | 0.81% | −0.07 |
| BSV Vanguard Short-Term Bond ETF | Reduce -13.9% | 0.35% | −0.07 |
| ZM Zoom Communications Inc. | Reduce -30.2% | 0.16% | −0.07 |
| AGG iShares Core U.S. Aggregate | Reduce -0.7% | 1.50% | −0.06 |
| MCD McDonald's Corp. | Reduce -0.6% | 0.51% | −0.06 |
| REET iShares Global REIT ETF | Reduce -0.1% | 2.12% | −0.05 |
| COP Conocophillips | Reduce -10.7% | 0.12% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -2.2% | 2.87% | −0.04 |
| GEHC GE Healthcare Technology | Reduce -4.4% | 0.23% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -0.9% | 0.56% | −0.04 |
| SHEL Shell PLC-ADR | Reduce -0.5% | 0.43% | −0.04 |
| NOC Northrop Grumman Corp. | Reduce -3.7% | 0.31% | −0.03 |
| EBAY eBay Inc. | Reduce -26.2% | 0.11% | −0.03 |
| COF Capital One Financial Corp. | Reduce -24.9% | 0.18% | −0.03 |
| GLD SPDR Gold Shares | Reduce -7.1% | 0.31% | −0.02 |
| DUK Duke Energy Corp. | Reduce -5.0% | 0.13% | −0.02 |
| TRV The Travelers Cos Inc. | Reduce -2.1% | 0.31% | −0.02 |
| UPWK Upwork Inc. | Reduce -15.6% | 0.08% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -1.5% | 0.14% | −0.01 |
| ACWI iShares MSCI Acwi ETF | Reduce -11.1% | 0.25% | −0.01 |
| IYR iShares US Real Estate ETF | Reduce -1.4% | 0.22% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.8% | 0.22% | −0.01 |
| MAT Mattel Inc. | Reduce -4.4% | 0.14% | −0.01 |
| BRC INC-A | Reduce -19.4% | 0.01% | −0.01 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -5.8% | 0.18% | −0.01 |
| DON Wisdomtree US Midcap Dividen | Reduce -0.5% | 0.11% | −0.00 |
| CRUS Cirrus Logic Inc. | Reduce -2.6% | 0.12% | −0.00 |
| EA Electronic Arts Inc. | Reduce -6.6% | 0.17% | −0.00 |
| ZYXIQ Zynex Inc. | Reduce -8.4% | 0.02% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.3% | 0.29% | +0.00 |
| PLBY Playboy Inc. | Reduce -10.7% | 0.02% | +0.00 |
| AVT Avnet Inc. | Reduce -0.5% | 0.11% | +0.01 |
| AMAT Applied Materials Inc. | Reduce -3.9% | 0.17% | +0.02 |
| VEEV Veeva Systems Inc. Class A | Reduce -3.8% | 0.21% | +0.03 |
| AIQ Global X Art Intel & Tech | Reduce -0.8% | 0.23% | +0.03 |
| KLAC KLA Corp. | Reduce -2.1% | 0.16% | +0.03 |
| ADSK Autodesk Inc. | Reduce -1.6% | 0.32% | +0.03 |
| GE General Electric | Reduce -13.9% | 0.66% | +0.04 |
| JBL Jabil Inc. | Reduce -7.4% | 0.22% | +0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| PALL Abrdn Physical Palladium SHS | New | 0.79% | +0.79 |
| PPLT Abrdn Physical Platinum SHRS | New | 0.70% | +0.70 |
| ORCL Oracle Corp. | Add +0.6% | 0.59% | +0.20 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +4.1% | 4.96% | +0.19 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.16% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +0.4% | 1.70% | +0.16 |
| LLY Eli Lilly & Co. | Add +92.9% | 0.36% | +0.15 |
| SPGP Invesco S&P 500 Garp ETF | Add +1.8% | 2.69% | +0.14 |
| AXP American Express Co. | Add +11.0% | 0.68% | +0.14 |
| VTES Vanguard SH Term Tax-Ex Bond | Add +62.5% | 0.39% | +0.14 |
| TXN Texas Instruments Inc. | New | 0.12% | +0.12 |
| MCHP Microchip Technology Inc. | New | 0.12% | +0.12 |
| VXUS Vanguard Total Intl Stock | Add +0.9% | 1.61% | +0.12 |
| META Meta Platforms Inc. Class A | Add +2.4% | 0.57% | +0.12 |
| LHX L3HARRIS Technologies Inc. | New | 0.12% | +0.12 |
| VNQI Vanguard GLBL Ex-US Real Est | New | 0.11% | +0.11 |
| CRM Salesforce Inc. | New | 0.11% | +0.11 |
| TRMB Trimble Inc. | New | 0.11% | +0.11 |
| CARR Carrier Global Corp. | New | 0.11% | +0.11 |
| TDW Tidewater Inc. | New | 0.11% | +0.11 |
| GD General Dynamics Corp. | New | 0.10% | +0.10 |
| CMI Cummins Inc. | New | 0.10% | +0.10 |
| MDT Medtronic PLC | New | 0.10% | +0.10 |
| VWO Vanguard Ftse Emerging Marke | New | 0.10% | +0.10 |
| EFG iShares MSCI Eafe Growth ETF | New | 0.10% | +0.10 |
| NDSN Nordson Corp. | New | 0.10% | +0.10 |
| KO The Coca-Cola Co. | Add +27.0% | 0.54% | +0.09 |
| LRCX Lam Research Corp. | Add +22.3% | 0.25% | +0.09 |
| CSCO Cisco Systems Inc. | Add +2.7% | 0.88% | +0.09 |
| SSNC Ss&c Technologies Holdings | Add +46.0% | 0.30% | +0.08 |
| BNDW Vanguard Total World Bond Et | Add +8.1% | 1.63% | +0.07 |
| CHWY Chewy Inc. Class A | Add +1.2% | 0.33% | +0.07 |
| PYPL PayPal Holdings Inc. | Add +4.9% | 0.53% | +0.07 |
| AMZN Amazon.com Inc. | Add +1.4% | 0.61% | +0.07 |
| IJH iShares Core S&P Midcap ETF | Add +1.2% | 1.97% | +0.07 |
| DIS The Walt Disney Co. | Add +0.7% | 0.37% | +0.07 |
| VIV Telefonica Brasil-ADR | New | 0.06% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +42.0% | 0.18% | +0.06 |
| NVDA Nvidia Corp. | Add +2.1% | 0.19% | +0.06 |
| ABEV Ambev SA-ADR | New | 0.05% | +0.05 |
| BRFS BRF SA-ADR | New | 0.05% | +0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +18.1% | 0.41% | +0.05 |
| CCL Carnival Corp. | Add +0.8% | 0.15% | +0.04 |
| TGT Target Corp. | Add +39.8% | 0.20% | +0.04 |
| TJX TJX Companies Inc. | Add +11.3% | 0.55% | +0.04 |
| WMT Walmart Inc. | Add +1.1% | 0.51% | +0.04 |
| BAC Bank of America Corp. | Add +10.4% | 0.22% | +0.04 |
| PFE Pfizer Inc. | Add +29.1% | 0.20% | +0.03 |
| NKE Nike Inc. Class B | Add +3.5% | 0.22% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +11.6% | 0.13% | +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 |