Alhambra Investment Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 15, 2026), Alhambra Investment Management LLC reported 175 stock positions worth $215.0 million. Its top holding was Apple (AAPL) at 6.7% of the portfolio, followed by Schwab Fndmntl US LRG Co. ETF (FNDX, 5.2%) and iShares Core Dividend Growth (DGRO, 3.5%). Compared with Q3 2025, it opened 11 new positions, sold out of 14, added to 49 and reduced 71. The biggest buy was a new position in Uscf Summerhaven Dynamic ETF (SDCI) and the biggest sale Invesco Optimum Yield Divers (PDBC, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- PALMETTO BAY, FL
- CIK
- 0001802696
- Portfolio Value
- $215.0M (Q4 2025)
- SEC Filing
- 0001802696-26-000001 ↗ filed Jan 15, 2026
Holdings Value
Holdings 175 stocks · $215.0M
| AAPL Apple Inc. | 6.73% | 53,214 | $14.5M | Reduce -1.2% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 5.18% | 408,892 | $11.1M | Add +0.7% |
| DGRO iShares Core Dividend Growth | 3.55% | 109,792 | $7.6M | Reduce -1.2% |
| STIP iShares 0-5 Year Tips Bond E | 2.92% | 61,399 | $6.3M | Add +6.3% |
| GOOGL Alphabet Inc. Class A | 2.80% | 19,204 | $6.0M | Reduce -0.9% |
| SPGP Invesco S&P 500 Garp ETF | 2.59% | 48,852 | $5.6M | Reduce -1.3% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.55% | 121,098 | $5.5M | Reduce -2.9% |
| COST Costco Wholesale Corp. | 2.34% | 5,834 | $5.0M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 2.14% | 14,672 | $4.6M | Reduce -2.4% |
| REET iShares Global REIT ETF | 2.10% | 180,840 | $4.5M | Add +4.9% |
| BNDW Vanguard Total World Bond Et | 2.07% | 64,610 | $4.4M | Add +22.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.03% | 20,603 | $4.4M | Add +0.0% |
| VNQ Vanguard Real Estate ETF | 1.98% | 48,171 | $4.3M | Add +4.3% |
| IJH iShares Core S&P Midcap ETF | 1.97% | 64,076 | $4.2M | Add +1.6% |
| VGIT Vanguard Intermediate-Term T | 1.91% | 68,409 | $4.1M | Add +5.9% |
| VGSH Vanguard Short-Term Treasury | 1.90% | 69,541 | $4.1M | Add +4.6% |
| SUB iShares Short-Term National | 1.73% | 34,791 | $3.7M | Add +10.8% |
| MSFT Microsoft Corp. | 1.59% | 7,062 | $3.4M | Reduce -0.3% |
| IAU iShares Gold Trust | 1.58% | 41,943 | $3.4M | Reduce -11.4% |
| VXUS Vanguard Total Intl Stock | 1.50% | 42,656 | $3.2M | Add +2.2% |
| AGG iShares Core U.S. Aggregate | 1.38% | 29,649 | $3.0M | Reduce -1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.27% | 5,424 | $2.7M | Reduce -0.4% |
| ISRG Intuitive Surgical Inc. | 1.19% | 4,500 | $2.5M | No change |
| JPM JPMorgan Chase & Co. | 1.07% | 7,169 | $2.3M | Reduce -2.3% |
| HD Home Depot Inc. | 0.96% | 5,996 | $2.1M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 0.91% | 25,484 | $2.0M | Reduce -0.7% |
| MUB iShares National Muni Bond E | 0.87% | 17,410 | $1.9M | Add +4.7% |
| JNJ Johnson & Johnson | 0.84% | 8,751 | $1.8M | No change |
| PEP Pepsico Inc. | 0.83% | 12,371 | $1.8M | Add +10.8% |
| QCOM Qualcomm Inc. | 0.81% | 10,192 | $1.7M | Reduce -0.1% |
| V Visa Inc. Class A | 0.74% | 4,555 | $1.6M | Add +1.5% |
| GE General Electric filed as GE AEROSPACE | 0.72% | 5,045 | $1.6M | Reduce -1.4% |
| AXP American Express Co. | 0.68% | 3,973 | $1.5M | Add +6.2% |
| PPLT Abrdn Physical Platinum SHRS | 0.68% | 7,786 | $1.5M | Reduce -35.2% |
| COMT iShares Gsci Commodity Dynam | 0.66% | 56,731 | $1.4M | Reduce -29.1% |
| AMGN Amgen Inc. | 0.65% | 4,297 | $1.4M | Add +6.2% |
| PDBC Invesco Optimum Yield Divers | 0.65% | 105,707 | $1.4M | Reduce -33.8% |
| TDS Telephone and Data Systems | 0.65% | 34,000 | $1.4M | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.63% | 26,852 | $1.4M | Add +2.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.63% | 8,779 | $1.3M | Reduce -3.3% |
| NEE Nextera Energy Inc. | 0.61% | 16,424 | $1.3M | Add +0.4% |
| PALL Abrdn Physical Palladium SHS | 0.60% | 8,925 | $1.3M | Reduce -40.2% |
| AMZN Amazon.com Inc. | 0.60% | 5,564 | $1.3M | Reduce -0.4% |
| RTX RTX Corp. | 0.59% | 6,865 | $1.3M | Reduce -6.0% |
| LLY Eli Lilly & Co. | 0.57% | 1,133 | $1.2M | Reduce -2.2% |
| PNC PNC Financial Services Group | 0.56% | 5,806 | $1.2M | No change |
| WMT Walmart Inc. | 0.55% | 10,521 | $1.2M | Reduce -0.1% |
| NFLX Netflix Inc. | 0.52% | 12,009 | $1.1M | Reduce -3.7% |
| MRK Merck & Co. Inc. | 0.52% | 10,533 | $1.1M | Reduce -1.5% |
| PH Parker Hannifin Corp. | 0.51% | 1,251 | $1.1M | No change |
| VTES Vanguard SH Term Tax-Ex Bond | 0.51% | 10,800 | $1.1M | No change |
| SONY Sony Group Corp. - SP ADR | 0.48% | 40,244 | $1.0M | Add +2.2% |
| MCD McDonald's Corp. | 0.48% | 3,347 | $1.0M | No change |
| META Meta Platforms Inc. Class A | 0.47% | 1,521 | $1.0M | Reduce -3.2% |
| KO The Coca-Cola Co. | 0.47% | 14,334 | $1.0M | No change |
| ORCL Oracle Corp. | 0.46% | 5,051 | $984K | Reduce -4.3% |
| ADP Automatic Data Processing | 0.44% | 3,700 | $952K | Add +20.9% |
| CVX Chevron Corp. | 0.43% | 6,105 | $930K | Add +14.7% |
| GRMN Garmin Ltd. | 0.42% | 4,433 | $899K | Add +0.2% |
| SHEL Shell PLC-ADR | 0.41% | 12,010 | $882K | Reduce -1.3% |
| PG The Procter & Gamble Co. | 0.39% | 5,827 | $835K | Add +0.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.39% | 9,086 | $830K | No change |
| DHR Danaher Corp. | 0.36% | 3,411 | $781K | Add +0.6% |
| SDCI Uscf Summerhaven Dynamic ETF | 0.36% | 35,015 | $771K | New |
| BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.34% | 23,818 | $737K | New |
| NVS Novartis AG-Sponsored ADR | 0.34% | 5,258 | $725K | Add +0.1% |
| ABBV Abbvie Inc. | 0.34% | 3,167 | $724K | Reduce -12.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 6,358 | $723K | Add +1.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.34% | 8,729 | $723K | Reduce -0.4% |
| NOC Northrop Grumman Corp. | 0.33% | 1,262 | $720K | Add +0.5% |
| TRV The Travelers Cos Inc. | 0.33% | 2,420 | $702K | Add +0.8% |
| LRCX Lam Research Corp. | 0.32% | 4,059 | $695K | Reduce -21.3% |
| GLD SPDR Gold Shares | 0.32% | 1,751 | $694K | Reduce -8.0% |
| BSV Vanguard Short-Term Bond ETF | 0.32% | 8,644 | $681K | Add +1.5% |
| SYK Stryker Corp. | 0.32% | 1,937 | $681K | No change |
| IJR iShares Core S&P Small-Cap E | 0.30% | 5,350 | $643K | Reduce -0.2% |
| SSNC Ss&c Technologies Holdings | 0.30% | 7,299 | $638K | Reduce -10.8% |
| LOW Lowe's Cos Inc. | 0.29% | 2,600 | $627K | No change |
| YUM Yum! Brands Inc. | 0.28% | 3,989 | $603K | No change |
| ACN Accenture PLC Class A | 0.28% | 2,231 | $599K | Reduce -4.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.28% | 5,125 | $595K | Reduce -1.9% |
| CSL Carlisle Cos Inc. | 0.27% | 1,823 | $583K | No change |
| HSY The Hershey Co. | 0.27% | 3,184 | $579K | Reduce -2.0% |
| CI The Cigna Group | 0.27% | 2,090 | $575K | Reduce -10.9% |
| XOM Exxon Mobil Corp. | 0.27% | 4,778 | $575K | Reduce -36.5% |
| ADSK Autodesk Inc. | 0.26% | 1,923 | $569K | Reduce -5.9% |
| AMAT Applied Materials Inc. | 0.25% | 2,119 | $545K | Reduce -13.2% |
| AIQ Global X Art Intel & Tech | 0.25% | 10,515 | $535K | Add +0.7% |
| CTAS Cintas Corp. | 0.25% | 2,820 | $530K | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.24% | 5,621 | $517K | Add +0.8% |
| CHWY Chewy Inc. Class A | 0.24% | 15,403 | $509K | Reduce -1.7% |
| ETN Eaton Corp. PLC | 0.24% | 1,595 | $508K | No change |
| PLD Prologis Inc. | 0.23% | 3,942 | $503K | No change |
| JPST JPMorgan Ultra-Short Income | 0.23% | 9,862 | $499K | Reduce -3.9% |
| RSG Republic Services Inc. | 0.23% | 2,337 | $495K | No change |
| MU Micron Technology Inc. | 0.23% | 1,726 | $493K | Reduce -9.1% |
| NVDA Nvidia Corp. | 0.23% | 2,614 | $488K | Add +13.8% |
| GEHC GE Healthcare Technology | 0.22% | 5,818 | $477K | Reduce -4.3% |
| ADBE Adobe Inc. | 0.22% | 1,347 | $471K | Add +1.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 8,549 | $470K | Reduce -7.2% |
Portfolio Sells Q3 2025 → Q4 2025
| PDBC Invesco Optimum Yield Divers | Reduce -33.8% | 0.65% | −0.37 |
| COMT iShares Gsci Commodity Dynam | Reduce -29.1% | 0.66% | −0.36 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.26 |
| ORCL Oracle Corp. | Reduce -4.3% | 0.46% | −0.25 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 2.34% | −0.23 |
| PALL Abrdn Physical Palladium SHS | Reduce -40.2% | 0.60% | −0.21 |
| HD Home Depot Inc. | Reduce -0.3% | 0.96% | −0.20 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.20 |
| NFLX Netflix Inc. | Reduce -3.7% | 0.52% | −0.19 |
| MSFT Microsoft Corp. | Reduce -0.3% | 1.59% | −0.15 |
| PPLT Abrdn Physical Platinum SHRS | Reduce -35.2% | 0.68% | −0.14 |
| OLED Universal Display Corp. | Sold out | 0.00% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -36.5% | 0.27% | −0.14 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.12 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.12 |
| LPX Louisiana-Pacific Corp. | Sold out | 0.00% | −0.12 |
| NXT Nextpower Inc. | Sold out | 0.00% | −0.11 |
| TRMB Trimble Inc. | Sold out | 0.00% | −0.11 |
| AIT Applied Industrial Tech Inc. | Sold out | 0.00% | −0.11 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.10 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.10 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.10 |
| VNQI Vanguard GLBL Ex-US Real Est | Sold out | 0.00% | −0.10 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -1.3% | 2.59% | −0.08 |
| META Meta Platforms Inc. Class A | Reduce -3.2% | 0.47% | −0.08 |
| CHWY Chewy Inc. Class A | Reduce -1.7% | 0.24% | −0.06 |
| ACWI iShares MSCI Acwi ETF | Reduce -31.6% | 0.14% | −0.06 |
| ABBV Abbvie Inc. | Reduce -12.7% | 0.34% | −0.06 |
| CI The Cigna Group | Reduce -10.9% | 0.27% | −0.05 |
| AGG iShares Core U.S. Aggregate | Reduce -1.3% | 1.38% | −0.05 |
| IAU iShares Gold Trust | Reduce -11.4% | 1.58% | −0.05 |
| SSNC Ss&c Technologies Holdings | Reduce -10.8% | 0.30% | −0.05 |
| DGRO iShares Core Dividend Growth | Reduce -1.2% | 3.55% | −0.05 |
| ADSK Autodesk Inc. | Reduce -5.9% | 0.26% | −0.04 |
| IYR iShares US Real Estate ETF | Reduce -12.7% | 0.16% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 1.27% | −0.03 |
| NKE Nike Inc. Class B | Reduce -3.8% | 0.16% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -2.3% | 1.07% | −0.02 |
| HSY The Hershey Co. | Reduce -2.0% | 0.27% | −0.02 |
| CRUS Cirrus Logic Inc. | Reduce -7.0% | 0.11% | −0.02 |
| TDW Tidewater Inc. | Reduce -2.9% | 0.14% | −0.02 |
| TIP iShares Tips Bond ETF | Reduce -6.7% | 0.14% | −0.02 |
| JPST JPMorgan Ultra-Short Income | Reduce -3.9% | 0.23% | −0.02 |
| DUK Duke Energy Corp. | Reduce -1.9% | 0.12% | −0.01 |
| PFE Pfizer Inc. | Reduce -5.1% | 0.11% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -0.4% | 0.34% | −0.01 |
| ZYXIQ Zynex Inc. | Sold out | 0.00% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -4.3% | 0.19% | −0.01 |
| GE General Electric | Reduce -1.4% | 0.72% | −0.01 |
| BAC Bank of America Corp. | Reduce -7.2% | 0.22% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| SDCI Uscf Summerhaven Dynamic ETF | New | 0.36% | +0.36 |
| BCD Abrdn Bloomberg All Commodit | New | 0.34% | +0.34 |
| BNDW Vanguard Total World Bond Et | Add +22.1% | 2.07% | +0.32 |
| SPGI S&P Global Inc. | New | 0.22% | +0.22 |
| INCY Incyte Corp. | New | 0.17% | +0.17 |
| SUB iShares Short-Term National | Add +10.8% | 1.73% | +0.13 |
| AMGN Amgen Inc. | Add +6.2% | 0.65% | +0.11 |
| DPZ Domino's Pizza Inc. | New | 0.11% | +0.11 |
| STZ Constellation Brands Inc. Class A | New | 0.11% | +0.11 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.7% | 5.18% | +0.11 |
| EWBC East West Bancorp Inc. | New | 0.10% | +0.10 |
| IBM Intl Business Machines Corp. | New | 0.10% | +0.10 |
| ERIC Ericsson (lm) Tel-SP ADR | New | 0.09% | +0.09 |
| HCA HCA Healthcare Inc. | New | 0.09% | +0.09 |
| AXP American Express Co. | Add +6.2% | 0.68% | +0.09 |
| ITOT iShares Core S&P Total U.S. | New | 0.09% | +0.09 |
| STIP iShares 0-5 Year Tips Bond E | Add +6.3% | 2.92% | +0.09 |
| PEP Pepsico Inc. | Add +10.8% | 0.83% | +0.08 |
| VGIT Vanguard Intermediate-Term T | Add +5.9% | 1.91% | +0.07 |
| DHR Danaher Corp. | Add +0.6% | 0.36% | +0.04 |
| VGSH Vanguard Short-Term Treasury | Add +4.6% | 1.90% | +0.04 |
| VXUS Vanguard Total Intl Stock | Add +2.2% | 1.50% | +0.04 |
| CVX Chevron Corp. | Add +14.7% | 0.43% | +0.04 |
| AZN Astrazeneca PLC-Spons ADR | Add +0.8% | 0.24% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +9.3% | 0.22% | +0.03 |
| NEE Nextera Energy Inc. | Add +0.4% | 0.61% | +0.03 |
| MUB iShares National Muni Bond E | Add +4.7% | 0.87% | +0.03 |
| NVDA Nvidia Corp. | Add +13.8% | 0.23% | +0.02 |
| ABEV Ambev SA-ADR | Add +15.4% | 0.09% | +0.02 |
| NVS Novartis AG-Sponsored ADR | Add +0.1% | 0.34% | +0.02 |
| COF Capital One Financial Corp. | Add +0.8% | 0.15% | +0.02 |
| ADP Automatic Data Processing | Add +20.9% | 0.44% | +0.02 |
| V Visa Inc. Class A | Add +1.5% | 0.74% | +0.02 |
| IJH iShares Core S&P Midcap ETF | Add +1.6% | 1.97% | +0.01 |
| CCL Carnival Corp. | Add +1.5% | 0.21% | +0.01 |
| FDS Factset Research Systems Inc. | Add +7.2% | 0.17% | +0.01 |
| GILD Gilead Sciences Inc. | Add +1.2% | 0.11% | +0.01 |
| TRV The Travelers Cos Inc. | Add +0.8% | 0.33% | +0.01 |
| REET iShares Global REIT ETF | Add +4.9% | 2.10% | +0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +2.5% | 0.63% | +0.01 |
| AIQ Global X Art Intel & Tech | Add +0.7% | 0.25% | +0.00 |
| RSP Invesco S&P 500 Equal Weight | Add +2.6% | 0.13% | +0.00 |
| MDT Medtronic PLC | Add +2.2% | 0.17% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 0.10% | +0.00 |
| GNW Genworth Financial Inc. | Add +1.1% | 0.06% | +0.00 |
| SBUX Starbucks Corp. | Add +1.9% | 0.21% | −0.00 |
| ADBE Adobe Inc. | Add +1.8% | 0.22% | −0.00 |
| BSV Vanguard Short-Term Bond ETF | Add +1.5% | 0.32% | −0.00 |
| EBAY eBay Inc. | Add +4.0% | 0.10% | −0.00 |
| DIS The Walt Disney Co. | Add +1.7% | 0.34% | −0.00 |
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 |