MMBG Investment Advisors Co.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), MMBG Investment Advisors Co. reported 160 stock positions worth $948.1 million. Its top holding was Betterware DE Mexico Sapi DE (BWMX) at 8.6% of the portfolio, followed by Microsoft (MSFT, 8.3%) and Apple (AAPL, 8.1%). Compared with Q4 2023, it opened 6 new positions, sold out of 3, added to 27 and reduced 35. The biggest buy was Walt Disney (DIS, shares +0%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001765876
Portfolio Value
$948.1M (Q1 2024)
SEC Filing
0001765876-24-000003 ↗ filed May 10, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $948.1M $948.1M Q1 2024 Q2 2024: $932.9M Q2 2024 Q3 2024: $958.3M Q3 2024 Q4 2024: $941.6M Q4 2024 Q1 2025: $884.7M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 160 stocks · $948.1M
BWMX Betterware DE Mexico Sapi DE 8.56% 4,061,967 $81.2M Reduce -1.9%
MSFT Microsoft Corp. 8.29% 186,876 $78.6M Reduce -1.1%
AAPL Apple Inc. 8.07% 446,329 $76.5M Reduce -0.1%
AMZN Amazon.com Inc. 7.65% 401,876 $72.5M Reduce -0.1%
META Meta Platforms Inc. Class A 5.20% 101,440 $49.3M Reduce -7.7%
GOOGL Alphabet Inc. Class A 5.19% 325,967 $49.2M Add +0.1%
XLV SS Health Care Select Sector 3.70% 237,344 $35.1M Add +0.8%
JPM JPMorgan Chase & Co. 3.59% 169,750 $34.0M Reduce -0.2%
CRM Salesforce Inc. 2.42% 76,042 $22.9M Reduce -0.7%
NVDA Nvidia Corp. 2.35% 24,710 $22.3M Reduce -3.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.29% 177,398 $21.7M Add +0.1%
GOOG Alphabet Inc. Class C 1.98% 123,360 $18.8M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.68% 30,510 $16.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.59% 397,343 $15.1M Reduce -2.2%
GS Goldman Sachs Group Inc. 1.38% 31,258 $13.1M Add +0.1%
XLF SS Financial Select Sector 1.36% 305,272 $12.9M Add +1.1%
MU Micron Technology Inc. 1.31% 105,045 $12.4M Reduce -1.1%
V Visa Inc. Class A 1.15% 39,095 $10.9M No change
IBB iShares Biotechnology ETF 1.14% 78,550 $10.8M No change
WMT Walmart Inc. 1.13% 177,780 $10.7M No change
XLY SS Consumer Disc Select Sect 1.08% 55,916 $10.3M No change
FDX FedEx Corp. 0.96% 31,253 $9.1M No change
SBUX Starbucks Corp. 0.95% 98,875 $9.0M Add +2.6%
QQQ Invesco QQQ Trust Series 1 0.94% 19,984 $8.9M Reduce -1.4%
VOO Vanguard S&P 500 ETF 0.90% 17,745 $8.5M Reduce -11.8%
IYW iShares Ustechnology ETF 0.85% 59,550 $8.0M Reduce -4.4%
SMH Vaneck Semiconductor ETF 0.84% 35,376 $8.0M Reduce -1.6%
STZ Constellation Brands Inc. Class A 0.69% 24,094 $6.5M No change
UBER Uber Technologies Inc. 0.69% 84,360 $6.5M Reduce -11.0%
SHOP Shopify Inc. Class A 0.68% 83,982 $6.5M Reduce -0.9%
NKE Nike Inc. Class B 0.68% 68,436 $6.4M Add +2.2%
XLK SS Technology Select Sector 0.67% 30,395 $6.3M Reduce -0.5%
HON Honeywell International Inc. 0.65% 30,126 $6.2M Add +0.3%
TCEHY Tencent Holdings Ltd.-Uns ADR 0.64% 154,471 $6.0M Reduce -0.6%
AVGO Broadcom Inc. 0.60% 4,315 $5.7M Add +1.9%
FMX Fomento Economico Mex-SP ADR 0.57% 41,723 $5.4M No change
VGT Vanguard Info Tech ETF 0.54% 9,760 $5.1M No change
DXJ Wisdomtree Japan Hedged Eq 0.54% 49,447 $5.1M No change
MCD McDonald's Corp. 0.54% 18,042 $5.1M No change
TMO Thermo Fisher Scientific Inc. 0.53% 8,615 $5.0M Add +5.5%
TSM Taiwan Semiconductor-SP ADR 0.49% 34,295 $4.7M Reduce -0.7%
XLE SS Energy Select Sector 0.49% 49,345 $4.7M No change
UNH Unitedhealth Group Inc. 0.48% 9,223 $4.6M Add +8.6%
SHV iShares 0-1 Year Treasury Bo 0.47% 40,900 $4.5M No change
SNOW Snowflake Inc. 0.42% 24,457 $4.0M Reduce -2.1%
XLP SS Consumer Staples Sel Sect 0.41% 51,257 $3.9M No change
DHR Danaher Corp. 0.40% 15,370 $3.8M Add +1.4%
BABA Alibaba Group Holding-SP ADR 0.38% 50,255 $3.6M Add +2.3%
RTX RTX Corp. 0.37% 36,075 $3.5M Add +8.1%
FEZ State Street SPDR Euro Stoxx 0.34% 62,120 $3.3M No change
PFE Pfizer Inc. 0.34% 116,135 $3.2M Reduce -26.4%
VGK Vanguard Ftse Europe ETF 0.34% 47,260 $3.2M No change
MRK Merck & Co. Inc. 0.31% 22,563 $3.0M No change
CVS CVS Health Corp. 0.27% 32,235 $2.6M No change
BA The Boeing Co. 0.27% 13,236 $2.6M No change
COST Costco Wholesale Corp. 0.27% 3,443 $2.5M Add +4.1%
TMUS T-Mobile US Inc. 0.25% 14,470 $2.4M Reduce -4.9%
CMCSA Comcast Corp. Class A 0.24% 52,642 $2.3M Reduce -9.9%
AAXJ iShares MSCI All Country Asi 0.24% 33,320 $2.3M No change
HD Home Depot Inc. 0.24% 5,875 $2.3M No change
EWJ iShares MSCI Japan ETF 0.23% 30,284 $2.2M Add +1.5%
LVS Las Vegas Sands Corp. 0.22% 40,644 $2.1M Reduce -2.5%
BRK.B Berkshire Hathaway Inc. Class B 0.22% 4,995 $2.1M No change
CDRO Codere Online Luxembourg SA 0.22% 295,134 $2.1M Reduce -5.6%
IYJ iShares U.S. Industrials ETF 0.21% 15,600 $2.0M No change
SPGI S&P Global Inc. 0.21% 4,575 $1.9M Reduce -7.8%
ABBV Abbvie Inc. 0.20% 10,545 $1.9M No change
GM General Motors Co. 0.20% 41,452 $1.9M No change
APO Apollo Global Management Inc. 0.19% 16,300 $1.8M No change
IYH iShares U.S. Healthcare ETF 0.19% 29,125 $1.8M No change
IAU iShares Gold Trust 0.19% 42,900 $1.8M No change
SHY iShares 1-3 Year Treasury Bo 0.19% 21,884 $1.8M No change
IYT iShares US Transportation Et 0.18% 23,940 $1.7M No change
IYF iShares US Financials ETF 0.18% 17,600 $1.7M No change
AMGN Amgen Inc. 0.17% 5,742 $1.6M Add +1.0%
IVV iShares Core S&P 500 ETF 0.16% 2,924 $1.5M No change
PYPL PayPal Holdings Inc. 0.16% 22,729 $1.5M Reduce -23.7%
VCSH Vanguard S/T Corp. Bond ETF 0.16% 19,108 $1.5M No change
EZU iShares MSCI Eurozone ETF 0.13% 24,620 $1.3M No change
STWD Starwood Property Trust Inc. 0.13% 58,615 $1.2M No change
DE Deere & Co. 0.12% 2,741 $1.1M Add +33.0%
HEDJ Wisdomtree Europe Hedged Equ 0.12% 23,140 $1.1M Reduce -21.3%
EWG iShares MSCI Germany ETF 0.11% 34,200 $1.1M No change
PFF iShares Preferred & Income S 0.11% 33,755 $1.1M No change
OEF iShares S&P 100 ETF 0.11% 4,115 $1.0M No change
EPP iShares MSCI Pacific Ex Japa 0.11% 23,290 $997K No change
FLOT iShares Floating Rate Bond E 0.10% 18,705 $955K Reduce -6.3%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.10% 5,922 $913K Add +1.3%
WM Waste Management Inc. 0.10% 4,260 $908K No change
INTU Intuit Inc. 0.09% 1,345 $874K No change
NFLX Netflix Inc. 0.09% 1,406 $854K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.09% 16,642 $851K No change
DGRO iShares Core Dividend Growth 0.09% 14,580 $847K No change
KO The Coca-Cola Co. 0.09% 13,784 $843K Reduce -3.2%
SPSB SS SPDR P St C Corp. ETF 0.09% 28,080 $833K No change
SLQD iShares 0-5 YR Inv GRD Corp. 0.09% 16,964 $832K No change
VYM Vanguard High DVD Yield ETF 0.09% 6,870 $831K No change
VWO Vanguard Ftse Emerging Marke 0.09% 19,692 $823K No change
IXN iShares Global Tech ETF 0.08% 10,684 $799K No change
EEM iShares MSCI Emerging Market 0.08% 19,239 $790K No change
SPLV Invesco S&P 500 Low Volatili 0.08% 11,636 $766K No change
MELI MercadoLibre Inc. 0.08% 501 $757K Add +31.5%
IXG iShares Global Financials Et 0.08% 8,580 $743K No change
IEMG iShares Core MSCI Emerging 0.08% 13,952 $720K Add +4.5%
VGSH Vanguard Short-Term Treasury 0.07% 12,090 $700K No change
SHYG iShares 0-5 YR HY Corp. Bond 0.07% 16,348 $692K No change
CFR Cullen/Frost Bankers Inc. 0.07% 6,070 $683K No change
TGT Target Corp. 0.07% 3,795 $673K Reduce -17.7%
CIBR First Trust Nasdaq Cybersecu 0.07% 11,770 $664K No change
IWF iShares Russell 1000 Growth 0.07% 1,969 $664K No change
ET Energy Transfer LP 0.07% 41,905 $659K No change
F Ford Motor Co. filed as FORD MTR CO DEL 0.07% 49,232 $654K No change
IEV iShares Europe ETF 0.06% 11,000 $612K No change
QCOM Qualcomm Inc. 0.06% 3,550 $601K No change
GMF State Street SPDR S&P Emergi 0.06% 5,600 $581K No change
FISV Fiserv Inc. 0.06% 3,450 $551K No change
TSLA Tesla Inc. 0.06% 3,115 $548K Add +12.9%
BIIB Biogen Inc. 0.06% 2,450 $528K No change
EWH iShares MSCI Hong Kong ETF 0.05% 33,050 $514K No change
VIGI Vanguard Int Div App Indx FD 0.05% 6,241 $509K No change
JNJ Johnson & Johnson 0.05% 3,182 $503K Reduce -6.7%
XLC SS Comm Select Sector SPDR 0.05% 6,030 $492K No change
NVS Novartis AG-Sponsored ADR 0.05% 5,002 $484K Reduce -8.9%
LULU Lululemon Athletica Inc. 0.05% 1,201 $469K Add +77.4%
LMT Lockheed Martin Corp. 0.05% 1,020 $464K Add +7.4%
XLI SS Industrial Select Sector 0.05% 3,670 $462K No change
WDIV St STR SPD S&P Glo Div-US Inc. 0.05% 7,375 $442K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.05% 8,050 $441K New
CVX Chevron Corp. 0.04% 2,600 $410K No change
TLH iShares 10-20 Year Treasury 0.04% 3,488 $365K No change
IXJ iShares Global Healthcare Et 0.04% 3,900 $363K No change
IUSV iShares Core S&P U.S. Value 0.04% 3,919 $354K No change
PEP Pepsico Inc. 0.04% 2,000 $350K No change
URBN Urban Outfitters Inc. 0.04% 7,815 $339K No change
SUSA iShares ESG Optimized MSCI U 0.04% 3,155 $333K Reduce -48.1%
MINT PIMCO Enhanced Short Maturit 0.04% 3,310 $332K No change
SLV iShares Silver Trust 0.03% 14,495 $330K No change
PANW Palo Alto Networks Inc. 0.03% 1,157 $329K New
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.03% 4,125 $319K Reduce -18.7%
IBOC International Bancshares CRP 0.03% 5,667 $318K No change
BOTZ Global X Robotics & Artifici 0.03% 10,000 $318K No change
SPOT Spotify Technology SA 0.03% 1,200 $317K No change
EMB iShares JP Morgan Usd Emergi 0.03% 3,500 $313K No change
IHI iShares U.S. Medical Devices 0.03% 5,275 $309K Add +3.4%
ADBE Adobe Inc. 0.03% 610 $308K New
ONON On Holding AG Class A filed as ON HLDG AG 0.03% 8,695 $308K Add +4.1%
MRNA Moderna Inc. 0.03% 2,860 $305K No change
MDT Medtronic PLC 0.03% 3,480 $303K No change
MMM 3M Co. 0.03% 3,370 $299K No change
QCLN First Trust Nasdaq Clean Edg 0.03% 8,600 $298K Add +20.3%
BIL SS SPDR BB 1-3M T-Bill ETF 0.03% 3,193 $293K No change
CCAP Crescent Capital BDC Inc. 0.03% 35,200 $288K No change
TKO Tko Group Holdings Inc. 0.03% 3,005 $260K No change
CHRW C.H. Robinson Worldwide Inc. 0.03% 3,200 $244K No change
EWZ iShares MSCI Brazil ETF 0.02% 7,170 $232K New
XLB SS Materials Select Sector 0.02% 2,500 $232K No change
FDN First Trust DJ Internet Ind 0.02% 1,070 $219K New
TLT iShares 20+ Year Treasury BD 0.02% 2,270 $214K No change
ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU 0.02% 3,580 $210K No change
FVD First Trust Value Line DVD 0.02% 4,910 $207K New

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -0.1% 8.07% −2.05
PFE Pfizer Inc. Reduce -26.4% 0.34% −0.19
SNOW Snowflake Inc. Reduce -2.1% 0.42% −0.17
VOO Vanguard S&P 500 ETF Reduce -11.8% 0.90% −0.13
SHOP Shopify Inc. Class A Reduce -0.9% 0.68% −0.09
FTNT Fortinet Inc. Sold out 0.00% −0.07
MSFT Microsoft Corp. Reduce -1.1% 8.29% −0.07
CMCSA Comcast Corp. Class A Reduce -9.9% 0.24% −0.06
TCEHY Tencent Holdings Ltd.-Uns ADR Reduce -0.6% 0.64% −0.06
PYPL PayPal Holdings Inc. Reduce -23.7% 0.16% −0.05
SPGI S&P Global Inc. Reduce -7.8% 0.21% −0.05
IYW iShares Ustechnology ETF Reduce -4.4% 0.85% −0.05
ULTA Ulta Beauty Inc. Sold out 0.00% −0.04
QQQ Invesco QQQ Trust Series 1 Reduce -1.4% 0.94% −0.04
TMUS T-Mobile US Inc. Reduce -4.9% 0.25% −0.04
SUSA iShares ESG Optimized MSCI U Reduce -48.1% 0.04% −0.04
HEDJ Wisdomtree Europe Hedged Equ Reduce -21.3% 0.12% −0.03
WFC Wells Fargo & Co. Sold out 0.00% −0.03
XLK SS Technology Select Sector Reduce -0.5% 0.67% −0.02
BAC Bank of America Corp. Reduce -2.2% 1.59% −0.02
LVS Las Vegas Sands Corp. Reduce -2.5% 0.22% −0.02
FLOT iShares Floating Rate Bond E Reduce -6.3% 0.10% −0.02
NVS Novartis AG-Sponsored ADR Reduce -8.9% 0.05% −0.01
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -18.7% 0.03% −0.01
KO The Coca-Cola Co. Reduce -3.2% 0.09% −0.01
JNJ Johnson & Johnson Reduce -6.7% 0.05% −0.01
TGT Target Corp. Reduce -17.7% 0.07% −0.01
UBER Uber Technologies Inc. Reduce -11.0% 0.69% −0.00
CRM Salesforce Inc. Reduce -0.7% 2.42% +0.05
TSM Taiwan Semiconductor-SP ADR Reduce -0.7% 0.49% +0.07
SMH Vaneck Semiconductor ETF Reduce -1.6% 0.84% +0.10
CDRO Codere Online Luxembourg SA Reduce -5.6% 0.22% +0.11
JPM JPMorgan Chase & Co. Reduce -0.2% 3.59% +0.18
MU Micron Technology Inc. Reduce -1.1% 1.31% +0.24
AMZN Amazon.com Inc. Reduce -0.1% 7.65% +0.45
META Meta Platforms Inc. Class A Reduce -7.7% 5.20% +0.62
NVDA Nvidia Corp. Reduce -3.5% 2.35% +0.86
BWMX Betterware DE Mexico Sapi DE Reduce -1.9% 8.56% +1.77

Portfolio Buys Q4 2023 → Q1 2024
DIS The Walt Disney Co. Add +0.1% 2.29% +0.41
AVGO Broadcom Inc. Add +1.9% 0.60% +0.05
SLB SLB Ltd. New 0.05% +0.05
RTX RTX Corp. Add +8.1% 0.37% +0.04
PANW Palo Alto Networks Inc. New 0.03% +0.03
ADBE Adobe Inc. New 0.03% +0.03
EWZ iShares MSCI Brazil ETF New 0.02% +0.02
FDN First Trust DJ Internet Ind New 0.02% +0.02
FVD First Trust Value Line DVD New 0.02% +0.02
DE Deere & Co. Add +33.0% 0.12% +0.02
XLF SS Financial Select Sector Add +1.1% 1.36% +0.02
TMO Thermo Fisher Scientific Inc. Add +5.5% 0.53% +0.02
MELI MercadoLibre Inc. Add +31.5% 0.08% +0.01
COST Costco Wholesale Corp. Add +4.1% 0.27% +0.01
LULU Lululemon Athletica Inc. Add +77.4% 0.05% +0.01
ONON On Holding AG Class A Add +4.1% 0.03% +0.01
EWJ iShares MSCI Japan ETF Add +1.5% 0.23% +0.00
IHI iShares U.S. Medical Devices Add +3.4% 0.03% +0.00
LMT Lockheed Martin Corp. Add +7.4% 0.05% −0.00
IEMG iShares Core MSCI Emerging Add +4.5% 0.08% −0.00
QCLN First Trust Nasdaq Clean Edg Add +20.3% 0.03% −0.00
EL Estee Lauder Companies Class A Add +1.3% 0.10% −0.00
DHR Danaher Corp. Add +1.4% 0.40% −0.01
AMGN Amgen Inc. Add +1.0% 0.17% −0.02
TSLA Tesla Inc. Add +12.9% 0.06% −0.02
GS Goldman Sachs Group Inc. Add +0.1% 1.38% −0.04
UNH Unitedhealth Group Inc. Add +8.6% 0.48% −0.04
BABA Alibaba Group Holding-SP ADR Add +2.3% 0.38% −0.06
XLV SS Health Care Select Sector Add +0.8% 3.70% −0.08
HON Honeywell International Inc. Add +0.3% 0.65% −0.09
SBUX Starbucks Corp. Add +2.6% 0.95% −0.14
GOOGL Alphabet Inc. Class A Add +0.1% 5.19% −0.16
NKE Nike Inc. Class B Add +2.2% 0.68% −0.18

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 177$1.3BAAPL, GOOGL, AMZN, MSFT, BWMX
Q1 2026 172$1.1BAAPL, GOOGL, AMZN, MSFT, BWMX
Q4 2025 177$1.2BAAPL, GOOGL, MSFT, AMZN, BWMX
Q3 2025 179$1.1BAAPL, MSFT, AMZN, GOOGL, META
Q2 2025 178$1.0BMSFT, AAPL, AMZN, META, GOOGL
Q1 2025 168$884.7MAAPL, AMZN, MSFT, GOOGL, BWMX
Q4 2024 158$941.6MAAPL, AMZN, MSFT, GOOGL, META
Q3 2024 166$958.3MAAPL, MSFT, AMZN, GOOGL, BWMX
Q2 2024 152$932.9MAAPL, MSFT, AMZN, BWMX, GOOGL
Q1 2024 160$948.1MBWMX, MSFT, AAPL, AMZN, META