MMBG Investment Advisors Co.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), MMBG Investment Advisors Co. reported 152 stock positions worth $932.9 million. Its top holding was Apple (AAPL) at 9.7% of the portfolio, followed by Microsoft (MSFT, 8.5%) and Amazon.com (AMZN, 7.7%). Compared with Q1 2024, it opened 3 new positions, sold out of 11, added to 22 and reduced 37. The biggest buy was Vaneck Semiconductor ETF (SMH, shares +3%) and the biggest sale Betterware DE Mexico Sapi DE (BWMX, shares −0%).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001765876
Portfolio Value
$932.9M (Q2 2024)
SEC Filing
0001765876-24-000004 ↗ filed Aug 13, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $948.1M Q1 2024 Q2 2024: $932.9M $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 152 stocks · $932.9M
AAPL Apple Inc. 9.74% 431,550 $90.9M Reduce -3.3%
MSFT Microsoft Corp. 8.47% 176,873 $79.1M Reduce -5.3%
AMZN Amazon.com Inc. 7.68% 370,926 $71.7M Reduce -7.7%
BWMX Betterware DE Mexico Sapi DE 6.35% 4,056,245 $59.3M Reduce -0.1%
GOOGL Alphabet Inc. Class A 6.32% 323,587 $58.9M Reduce -0.7%
META Meta Platforms Inc. Class A 5.00% 92,570 $46.7M Reduce -8.7%
XLV SS Health Care Select Sector 3.71% 237,344 $34.6M No change
JPM JPMorgan Chase & Co. 3.40% 156,770 $31.7M Reduce -7.7%
NVDA Nvidia Corp. 3.17% 239,521 $29.6M Reduce -3.1%
CRM Salesforce Inc. 2.10% 76,204 $19.6M Add +0.2%
GOOG Alphabet Inc. Class C 2.04% 103,968 $19.1M Reduce -15.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.89% 177,381 $17.6M Reduce -0.0%
SPY SS SPDR S&P 500 ETF Trust-US 1.78% 30,510 $16.6M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.62% 378,923 $15.1M Reduce -4.6%
GS Goldman Sachs Group Inc. 1.52% 31,258 $14.1M No change
MU Micron Technology Inc. 1.44% 102,390 $13.5M Reduce -2.5%
XLF SS Financial Select Sector 1.34% 303,502 $12.5M Reduce -0.6%
WMT Walmart Inc. 1.24% 170,690 $11.6M Reduce -4.0%
IBB iShares Biotechnology ETF 1.16% 78,550 $10.8M No change
V Visa Inc. Class A 1.10% 39,168 $10.3M Add +0.2%
QQQ Invesco QQQ Trust Series 1 1.02% 19,909 $9.5M Reduce -0.4%
SMH Vaneck Semiconductor ETF 1.02% 36,486 $9.5M Add +3.1%
SBUX Starbucks Corp. 1.01% 121,612 $9.5M Add +23.0%
XLY SS Consumer Disc Select Sect 1.00% 51,195 $9.3M Reduce -8.4%
VOO Vanguard S&P 500 ETF 0.82% 15,285 $7.6M Reduce -13.9%
IYW iShares Ustechnology ETF 0.79% 48,883 $7.4M Reduce -17.9%
TCEHY Tencent Holdings Ltd.-Uns ADR 0.78% 154,471 $7.3M No change
XLK SS Technology Select Sector 0.71% 29,295 $6.6M Reduce -3.6%
FDX FedEx Corp. 0.71% 21,968 $6.6M Reduce -29.7%
AVGO Broadcom Inc. 0.70% 4,087 $6.6M Reduce -5.3%
SHOP Shopify Inc. Class A 0.70% 98,895 $6.5M Add +17.8%
HON Honeywell International Inc. 0.67% 29,376 $6.3M Reduce -2.5%
UBER Uber Technologies Inc. 0.67% 86,085 $6.3M Add +2.0%
STZ Constellation Brands Inc. Class A 0.66% 24,094 $6.2M No change
TSM Taiwan Semiconductor-SP ADR 0.64% 34,370 $6.0M Add +0.2%
VGT Vanguard Info Tech ETF 0.60% 9,760 $5.6M No change
DXJ Wisdomtree Japan Hedged Eq 0.60% 49,447 $5.6M No change
TMO Thermo Fisher Scientific Inc. 0.56% 9,420 $5.2M Add +9.3%
UNH Unitedhealth Group Inc. 0.50% 9,223 $4.7M No change
MCD McDonald's Corp. 0.49% 18,042 $4.6M No change
FMX Fomento Economico Mex-SP ADR 0.48% 41,723 $4.5M No change
SHV iShares 0-1 Year Treasury Bo 0.48% 40,335 $4.5M Reduce -1.4%
DHR Danaher Corp. 0.45% 16,960 $4.2M Add +10.3%
SNOW Snowflake Inc. 0.42% 29,292 $4.0M Add +19.8%
XLP SS Consumer Staples Sel Sect 0.42% 51,257 $3.9M No change
XLE SS Energy Select Sector 0.41% 42,200 $3.8M Reduce -14.5%
BABA Alibaba Group Holding-SP ADR 0.40% 51,255 $3.7M Add +2.0%
RTX RTX Corp. 0.39% 36,075 $3.6M No change
PFE Pfizer Inc. 0.35% 117,308 $3.3M Add +1.0%
VGK Vanguard Ftse Europe ETF 0.34% 47,260 $3.2M No change
COST Costco Wholesale Corp. 0.32% 3,493 $3.0M Add +1.4%
NKE Nike Inc. Class B 0.31% 38,316 $2.9M Reduce -44.0%
MRK Merck & Co. Inc. 0.30% 22,563 $2.8M No change
CDRO Codere Online Luxembourg SA 0.28% 319,700 $2.6M Add +8.3%
AAXJ iShares MSCI All Country Asi 0.26% 33,320 $2.4M No change
EWJ iShares MSCI Japan ETF 0.22% 30,499 $2.1M Add +0.7%
LVS Las Vegas Sands Corp. 0.22% 46,739 $2.1M Add +15.0%
SPGI S&P Global Inc. 0.22% 4,575 $2.0M No change
BRK.B Berkshire Hathaway Inc. Class B 0.22% 4,995 $2.0M No change
GM General Motors Co. 0.21% 41,452 $1.9M No change
APO Apollo Global Management Inc. 0.21% 16,300 $1.9M No change
HD Home Depot Inc. 0.21% 5,575 $1.9M Reduce -5.1%
ABBV Abbvie Inc. 0.21% 11,160 $1.9M Add +5.8%
IAU iShares Gold Trust 0.20% 42,900 $1.9M No change
IYJ iShares U.S. Industrials ETF 0.20% 15,600 $1.9M No change
AMGN Amgen Inc. 0.19% 5,742 $1.8M No change
SHY iShares 1-3 Year Treasury Bo 0.19% 21,884 $1.8M No change
IYH iShares U.S. Healthcare ETF 0.19% 29,125 $1.8M No change
MELI MercadoLibre Inc. 0.19% 1,079 $1.8M Add +115.4%
IYF iShares US Financials ETF 0.18% 17,600 $1.7M No change
IVV iShares Core S&P 500 ETF 0.17% 2,924 $1.6M No change
IYT iShares US Transportation Et 0.17% 23,940 $1.6M No change
VCSH Vanguard S/T Corp. Bond ETF 0.16% 19,108 $1.5M No change
BA The Boeing Co. 0.14% 7,416 $1.3M Reduce -44.0%
PYPL PayPal Holdings Inc. 0.14% 22,729 $1.3M No change
FEZ State Street SPDR Euro Stoxx 0.13% 25,110 $1.3M Reduce -59.6%
CVS CVS Health Corp. 0.13% 21,235 $1.3M Reduce -34.1%
TMUS T-Mobile US Inc. 0.13% 7,100 $1.3M Reduce -50.9%
EZU iShares MSCI Eurozone ETF 0.13% 24,620 $1.2M No change
DE Deere & Co. 0.12% 3,016 $1.1M Add +10.0%
STWD Starwood Property Trust Inc. 0.12% 58,615 $1.1M No change
PFF iShares Preferred & Income S 0.11% 33,755 $1.1M No change
EWG iShares MSCI Germany ETF 0.11% 34,200 $1.0M No change
HEDJ Wisdomtree Europe Hedged Equ 0.11% 23,140 $1.0M No change
EPP iShares MSCI Pacific Ex Japa 0.11% 23,290 $1.0M No change
WM Waste Management Inc. 0.10% 4,260 $909K No change
CMCSA Comcast Corp. Class A 0.10% 23,202 $909K Reduce -55.9%
LULU Lululemon Athletica Inc. 0.10% 3,035 $907K Add +152.7%
FLOT iShares Floating Rate Bond E 0.10% 17,585 $898K Reduce -6.0%
IXN iShares Global Tech ETF 0.09% 10,684 $885K No change
INTU Intuit Inc. 0.09% 1,345 $884K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.09% 16,642 $853K No change
SLQD iShares 0-5 YR Inv GRD Corp. 0.09% 16,964 $835K No change
SPSB SS SPDR P St C Corp. ETF 0.09% 28,080 $834K No change
EEM iShares MSCI Emerging Market 0.09% 19,239 $819K No change
TSLA Tesla Inc. 0.08% 3,784 $749K Add +21.5%
IEMG iShares Core MSCI Emerging 0.08% 13,952 $747K No change
IXG iShares Global Financials Et 0.08% 8,580 $730K No change
IWF iShares Russell 1000 Growth 0.08% 1,969 $718K No change
VGSH Vanguard Short-Term Treasury 0.08% 12,090 $701K No change

Show all 152 holdings

Portfolio Sells Q1 2024 → Q2 2024
BWMX Betterware DE Mexico Sapi DE Reduce -0.1% 6.35% −2.21
DIS The Walt Disney Co. Reduce -0.0% 1.89% −0.40
NKE Nike Inc. Class B Reduce -44.0% 0.31% −0.37
FDX FedEx Corp. Reduce -29.7% 0.71% −0.25
FEZ State Street SPDR Euro Stoxx Reduce -59.6% 0.13% −0.21
META Meta Platforms Inc. Class A Reduce -8.7% 5.00% −0.19
JPM JPMorgan Chase & Co. Reduce -7.7% 3.40% −0.19
CMCSA Comcast Corp. Class A Reduce -55.9% 0.10% −0.14
CVS CVS Health Corp. Reduce -34.1% 0.13% −0.14
BA The Boeing Co. Reduce -44.0% 0.14% −0.12
TMUS T-Mobile US Inc. Reduce -50.9% 0.13% −0.12
OEF iShares S&P 100 ETF Sold out 0.00% −0.11
EL Estee Lauder Companies Class A Sold out 0.00% −0.10
NFLX Netflix Inc. Sold out 0.00% −0.09
DGRO iShares Core Dividend Growth Sold out 0.00% −0.09
XLY SS Consumer Disc Select Sect Reduce -8.4% 1.00% −0.08
SPLV Invesco S&P 500 Low Volatili Sold out 0.00% −0.08
VOO Vanguard S&P 500 ETF Reduce -13.9% 0.82% −0.08
XLE SS Energy Select Sector Reduce -14.5% 0.41% −0.08
IYW iShares Ustechnology ETF Reduce -17.9% 0.79% −0.06
VYM Vanguard High DVD Yield ETF Reduce -67.1% 0.03% −0.06
KO The Coca-Cola Co. Reduce -64.2% 0.03% −0.06
VIGI Vanguard Int Div App Indx FD Sold out 0.00% −0.05
WDIV St STR SPD S&P Glo Div-US Inc. Sold out 0.00% −0.05
SLV iShares Silver Trust Sold out 0.00% −0.03
HD Home Depot Inc. Reduce -5.1% 0.21% −0.03
CCAP Crescent Capital BDC Inc. Sold out 0.00% −0.03
EWZ iShares MSCI Brazil ETF Sold out 0.00% −0.02
ROBO Robo Global Robotics and Aut Sold out 0.00% −0.02
XLF SS Financial Select Sector Reduce -0.6% 1.34% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -22.1% 0.07% −0.01
QCOM Qualcomm Inc. Reduce -23.1% 0.06% −0.01
FLOT iShares Floating Rate Bond E Reduce -6.0% 0.10% −0.00
XLC SS Comm Select Sector SPDR Reduce -10.1% 0.05% −0.00
SHV iShares 0-1 Year Treasury Bo Reduce -1.4% 0.48% +0.00
HON Honeywell International Inc. Reduce -2.5% 0.67% +0.02
BAC Bank of America Corp. Reduce -4.6% 1.62% +0.03
AMZN Amazon.com Inc. Reduce -7.7% 7.68% +0.04
XLK SS Technology Select Sector Reduce -3.6% 0.71% +0.04
GOOG Alphabet Inc. Class C Reduce -15.7% 2.04% +0.06
QQQ Invesco QQQ Trust Series 1 Reduce -0.4% 1.02% +0.09
AVGO Broadcom Inc. Reduce -5.3% 0.70% +0.10
WMT Walmart Inc. Reduce -4.0% 1.24% +0.11
MU Micron Technology Inc. Reduce -2.5% 1.44% +0.14
MSFT Microsoft Corp. Reduce -5.3% 8.47% +0.18
NVDA Nvidia Corp. Reduce -3.1% 3.17% +0.82
GOOGL Alphabet Inc. Class A Reduce -0.7% 6.32% +1.13
AAPL Apple Inc. Reduce -3.3% 9.74% +1.67

Portfolio Buys Q1 2024 → Q2 2024
SMH Vaneck Semiconductor ETF Add +3.1% 1.02% +0.18
TSM Taiwan Semiconductor-SP ADR Add +0.2% 0.64% +0.15
MELI MercadoLibre Inc. Add +115.4% 0.19% +0.11
CDRO Codere Online Luxembourg SA Add +8.3% 0.28% +0.06
SBUX Starbucks Corp. Add +23.0% 1.01% +0.06
COST Costco Wholesale Corp. Add +1.4% 0.32% +0.05
DHR Danaher Corp. Add +10.3% 0.45% +0.05
LULU Lululemon Athletica Inc. Add +152.7% 0.10% +0.05
VRN Veren Inc. New 0.04% +0.04
SOFI Sofi Technologies Inc. New 0.04% +0.04
TMO Thermo Fisher Scientific Inc. Add +9.3% 0.56% +0.03
GDX Vaneck Gold Miners ETF New 0.03% +0.03
PANW Palo Alto Networks Inc. Add +39.1% 0.06% +0.02
TSLA Tesla Inc. Add +21.5% 0.08% +0.02
SHOP Shopify Inc. Class A Add +17.8% 0.70% +0.02
BABA Alibaba Group Holding-SP ADR Add +2.0% 0.40% +0.01
PFE Pfizer Inc. Add +1.0% 0.35% +0.01
SNOW Snowflake Inc. Add +19.8% 0.42% +0.01
ABBV Abbvie Inc. Add +5.8% 0.21% +0.00
DE Deere & Co. Add +10.0% 0.12% +0.00
LVS Las Vegas Sands Corp. Add +15.0% 0.22% +0.00
EWJ iShares MSCI Japan ETF Add +0.7% 0.22% −0.00
UBER Uber Technologies Inc. Add +2.0% 0.67% −0.01
V Visa Inc. Class A Add +0.2% 1.10% −0.05
CRM Salesforce Inc. Add +0.2% 2.10% −0.32

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