MMBG Investment Advisors Co.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), MMBG Investment Advisors Co. reported 166 stock positions worth $958.3 million. Its top holding was Apple (AAPL) at 10.2% of the portfolio, followed by Microsoft (MSFT, 7.9%) and Amazon.com (AMZN, 7.2%). Compared with Q2 2024, it opened 19 new positions, sold out of 5, added to 32 and reduced 44. The biggest buy was a new position in Cemex Sab-Spons ADR Part Cer (CX) and the biggest sale Alphabet Class A (GOOGL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001765876
- Portfolio Value
- $958.3M (Q3 2024)
- SEC Filing
- 0001765876-24-000006 ↗ filed Nov 13, 2024
Holdings Value
Holdings 166 stocks · $958.3M
| AAPL Apple Inc. | 10.20% | 419,332 | $97.7M | Reduce -2.8% |
| MSFT Microsoft Corp. | 7.93% | 176,618 | $76.0M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 7.19% | 369,906 | $68.9M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 5.57% | 321,807 | $53.4M | Reduce -0.6% |
| BWMX Betterware DE Mexico Sapi DE | 5.38% | 4,063,112 | $51.5M | Add +0.2% |
| META Meta Platforms Inc. Class A | 5.25% | 87,838 | $50.3M | Reduce -5.1% |
| XLV SS Health Care Select Sector | 3.75% | 233,215 | $35.9M | Reduce -1.7% |
| JPM JPMorgan Chase & Co. | 3.45% | 156,582 | $33.0M | Reduce -0.1% |
| NVDA Nvidia Corp. | 3.15% | 248,925 | $30.2M | Add +3.9% |
| CRM Salesforce Inc. | 2.22% | 77,772 | $21.3M | Add +2.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.75% | 29,212 | $16.8M | Reduce -4.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.71% | 170,721 | $16.4M | Reduce -3.8% |
| GS Goldman Sachs Group Inc. | 1.68% | 32,423 | $16.1M | Add +3.7% |
| GOOG Alphabet Inc. Class C | 1.57% | 89,828 | $15.0M | Reduce -13.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.48% | 356,738 | $14.2M | Reduce -5.8% |
| XLF SS Financial Select Sector | 1.45% | 306,668 | $13.9M | Add +1.0% |
| WMT Walmart Inc. | 1.41% | 167,790 | $13.5M | Reduce -1.7% |
| V Visa Inc. Class A | 1.21% | 42,238 | $11.6M | Add +7.8% |
| IBB iShares Biotechnology ETF | 1.19% | 78,550 | $11.4M | No change |
| MU Micron Technology Inc. | 1.13% | 104,560 | $10.8M | Add +2.1% |
| VOO Vanguard S&P 500 ETF | 1.13% | 20,537 | $10.8M | Add +34.4% |
| XLY SS Consumer Disc Select Sect | 1.10% | 52,572 | $10.5M | Add +2.7% |
| SMH Vaneck Semiconductor ETF | 1.09% | 42,624 | $10.5M | Add +16.8% |
| SBUX Starbucks Corp. | 1.07% | 104,882 | $10.2M | Reduce -13.8% |
| SHOP Shopify Inc. Class A | 0.94% | 112,330 | $9.0M | Add +13.6% |
| TMO Thermo Fisher Scientific Inc. | 0.92% | 14,316 | $8.9M | Add +52.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.92% | 18,008 | $8.8M | Reduce -9.6% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 0.85% | 146,965 | $8.1M | Reduce -4.9% |
| DHR Danaher Corp. | 0.79% | 27,385 | $7.6M | Add +61.5% |
| IYW iShares Ustechnology ETF | 0.77% | 48,883 | $7.4M | No change |
| AVGO Broadcom Inc. | 0.72% | 39,910 | $6.9M | Reduce -2.4% |
| XLK SS Technology Select Sector | 0.72% | 30,445 | $6.9M | Add +3.9% |
| UBER Uber Technologies Inc. | 0.70% | 89,790 | $6.7M | Add +4.3% |
| STZ Constellation Brands Inc. Class A | 0.67% | 25,036 | $6.5M | Add +3.9% |
| CX Cemex Sab-Spons ADR Part Cer | 0.59% | 920,000 | $5.6M | New |
| VGT Vanguard Info Tech ETF | 0.58% | 9,550 | $5.6M | Reduce -2.1% |
| FDX FedEx Corp. | 0.58% | 20,169 | $5.5M | Reduce -8.2% |
| UNH Unitedhealth Group Inc. | 0.55% | 9,061 | $5.3M | Reduce -1.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.54% | 29,957 | $5.2M | Reduce -12.8% |
| MCD McDonald's Corp. | 0.54% | 16,949 | $5.2M | Reduce -6.1% |
| DXJ Wisdomtree Japan Hedged Eq | 0.52% | 46,697 | $4.9M | Reduce -5.6% |
| BABA Alibaba Group Holding-SP ADR | 0.50% | 45,350 | $4.8M | Reduce -11.5% |
| RTX RTX Corp. | 0.46% | 36,135 | $4.4M | Add +0.2% |
| XLP SS Consumer Staples Sel Sect | 0.44% | 51,257 | $4.3M | No change |
| FMX Fomento Economico Mex-SP ADR | 0.43% | 41,723 | $4.1M | No change |
| ETN Eaton Corp. PLC | 0.41% | 11,995 | $4.0M | New |
| XLE SS Energy Select Sector | 0.40% | 43,885 | $3.9M | Add +4.0% |
| VGK Vanguard Ftse Europe ETF | 0.38% | 51,270 | $3.6M | Add +8.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.38% | 32,775 | $3.6M | Reduce -18.7% |
| NKE Nike Inc. Class B | 0.35% | 38,316 | $3.4M | No change |
| COST Costco Wholesale Corp. | 0.31% | 3,385 | $3.0M | Reduce -3.1% |
| PFE Pfizer Inc. | 0.28% | 94,158 | $2.7M | Reduce -19.7% |
| APO Apollo Global Management Inc. | 0.28% | 21,644 | $2.7M | Add +32.8% |
| MELI MercadoLibre Inc. | 0.28% | 1,294 | $2.7M | Add +19.9% |
| MRK Merck & Co. Inc. | 0.27% | 22,563 | $2.6M | No change |
| CDRO Codere Online Luxembourg SA | 0.27% | 319,700 | $2.6M | No change |
| HON Honeywell International Inc. | 0.26% | 12,244 | $2.5M | Reduce -58.3% |
| AAXJ iShares MSCI All Country Asi | 0.25% | 30,660 | $2.4M | Reduce -8.0% |
| SPGI S&P Global Inc. | 0.25% | 4,575 | $2.4M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.24% | 4,995 | $2.3M | No change |
| HD Home Depot Inc. | 0.24% | 5,575 | $2.3M | No change |
| ABBV Abbvie Inc. | 0.23% | 11,160 | $2.2M | No change |
| EWJ iShares MSCI Japan ETF | 0.23% | 30,499 | $2.2M | No change |
| IAU iShares Gold Trust | 0.22% | 42,900 | $2.1M | No change |
| IYJ iShares U.S. Industrials ETF | 0.22% | 15,600 | $2.1M | No change |
| AMGN Amgen Inc. | 0.21% | 6,102 | $2.0M | Add +6.3% |
| LVS Las Vegas Sands Corp. | 0.20% | 37,639 | $1.9M | Reduce -19.5% |
| IYH iShares U.S. Healthcare ETF | 0.20% | 29,125 | $1.9M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.19% | 21,884 | $1.8M | No change |
| DE Deere & Co. | 0.18% | 4,200 | $1.8M | Add +39.3% |
| IYF iShares US Financials ETF | 0.18% | 16,866 | $1.8M | Reduce -4.2% |
| IVV iShares Core S&P 500 ETF | 0.18% | 2,924 | $1.7M | 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 |
| USIG iShares Broad Usd Investment | 0.15% | 27,795 | $1.5M | New |
| IEMG iShares Core MSCI Emerging | 0.14% | 23,787 | $1.4M | Add +70.5% |
| PYPL PayPal Holdings Inc. | 0.14% | 17,159 | $1.3M | Reduce -24.5% |
| FEZ State Street SPDR Euro Stoxx | 0.14% | 24,638 | $1.3M | Reduce -1.9% |
| EZU iShares MSCI Eurozone ETF | 0.13% | 24,620 | $1.3M | No change |
| GM General Motors Co. | 0.13% | 28,312 | $1.3M | Reduce -31.7% |
| STWD Starwood Property Trust Inc. | 0.12% | 58,615 | $1.2M | No change |
| EWG iShares MSCI Germany ETF | 0.12% | 34,200 | $1.2M | No change |
| PFF iShares Preferred & Income S | 0.12% | 33,755 | $1.1M | No change |
| BA The Boeing Co. | 0.11% | 7,216 | $1.1M | Reduce -2.7% |
| LULU Lululemon Athletica Inc. | 0.11% | 3,966 | $1.1M | Add +30.7% |
| HEDJ Wisdomtree Europe Hedged Equ | 0.11% | 23,140 | $1.0M | No change |
| TMUS T-Mobile US Inc. | 0.11% | 4,895 | $1.0M | Reduce -31.1% |
| CVS CVS Health Corp. | 0.10% | 15,820 | $995K | Reduce -25.5% |
| VGSH Vanguard Short-Term Treasury | 0.10% | 16,615 | $981K | Add +37.4% |
| CMCSA Comcast Corp. Class A | 0.10% | 22,927 | $958K | Reduce -1.2% |
| WM Waste Management Inc. | 0.09% | 4,260 | $884K | No change |
| EEM iShares MSCI Emerging Market | 0.09% | 19,239 | $882K | No change |
| IXN iShares Global Tech ETF | 0.09% | 10,684 | $882K | No change |
| PANW Palo Alto Networks Inc. | 0.09% | 2,579 | $882K | Add +60.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.09% | 16,642 | $876K | No change |
| IHI iShares U.S. Medical Devices | 0.09% | 14,775 | $875K | Add +180.1% |
| XLI SS Industrial Select Sector | 0.09% | 6,347 | $860K | Add +72.9% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.09% | 16,964 | $855K | No change |
| FLOT iShares Floating Rate Bond E | 0.09% | 16,700 | $852K | Reduce -5.0% |
| SPSB SS SPDR P St C Corp. ETF | 0.09% | 28,080 | $850K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 5.57% | −0.75 |
| MSFT Microsoft Corp. | Reduce -0.1% | 7.93% | −0.54 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 7.19% | −0.49 |
| GOOG Alphabet Inc. Class C | Reduce -13.6% | 1.57% | −0.48 |
| HON Honeywell International Inc. | Reduce -58.3% | 0.26% | −0.41 |
| SNOW Snowflake Inc. | Reduce -86.2% | 0.05% | −0.38 |
| DIS The Walt Disney Co. | Reduce -3.8% | 1.71% | −0.17 |
| BAC Bank of America Corp. | Reduce -5.8% | 1.48% | −0.14 |
| FDX FedEx Corp. | Reduce -8.2% | 0.58% | −0.13 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -9.6% | 0.92% | −0.11 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -18.7% | 0.38% | −0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -12.8% | 0.54% | −0.10 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -5.6% | 0.52% | −0.08 |
| IXG iShares Global Financials Et | Sold out | 0.00% | −0.08 |
| GM General Motors Co. | Reduce -31.7% | 0.13% | −0.07 |
| PFE Pfizer Inc. | Reduce -19.7% | 0.28% | −0.07 |
| EPP iShares MSCI Pacific Ex Japa | Reduce -51.8% | 0.06% | −0.05 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.04 |
| VRN Veren Inc. | Sold out | 0.00% | −0.04 |
| TSLA Tesla Inc. | Reduce -60.5% | 0.04% | −0.04 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.04 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.3% | 1.75% | −0.03 |
| CVS CVS Health Corp. | Reduce -25.5% | 0.10% | −0.03 |
| BA The Boeing Co. | Reduce -2.7% | 0.11% | −0.03 |
| TMUS T-Mobile US Inc. | Reduce -31.1% | 0.11% | −0.03 |
| GMF State Street SPDR S&P Emergi | Reduce -42.9% | 0.04% | −0.03 |
| BIIB Biogen Inc. | Reduce -26.5% | 0.04% | −0.02 |
| LVS Las Vegas Sands Corp. | Reduce -19.5% | 0.20% | −0.02 |
| VGT Vanguard Info Tech ETF | Reduce -2.1% | 0.58% | −0.02 |
| FLOT iShares Floating Rate Bond E | Reduce -5.0% | 0.09% | −0.01 |
| AAXJ iShares MSCI All Country Asi | Reduce -8.0% | 0.25% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -26.5% | 0.05% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -3.1% | 0.31% | −0.01 |
| PYPL PayPal Holdings Inc. | Reduce -24.5% | 0.14% | −0.00 |
| FEZ State Street SPDR Euro Stoxx | Reduce -1.9% | 0.14% | +0.00 |
| CMCSA Comcast Corp. Class A | Reduce -1.2% | 0.10% | +0.00 |
| IYF iShares US Financials ETF | Reduce -4.2% | 0.18% | +0.00 |
| AVGO Broadcom Inc. | Reduce -2.4% | 0.72% | +0.01 |
| XLV SS Health Care Select Sector | Reduce -1.7% | 3.75% | +0.04 |
| MCD McDonald's Corp. | Reduce -6.1% | 0.54% | +0.05 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 3.45% | +0.05 |
| UNH Unitedhealth Group Inc. | Reduce -1.8% | 0.55% | +0.05 |
| SBUX Starbucks Corp. | Reduce -13.8% | 1.07% | +0.05 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Reduce -4.9% | 0.85% | +0.07 |
| BABA Alibaba Group Holding-SP ADR | Reduce -11.5% | 0.50% | +0.11 |
| WMT Walmart Inc. | Reduce -1.7% | 1.41% | +0.17 |
| META Meta Platforms Inc. Class A | Reduce -5.1% | 5.25% | +0.24 |
| AAPL Apple Inc. | Reduce -2.8% | 10.20% | +0.45 |
Portfolio Buys Q2 2024 → Q3 2024
| CX Cemex Sab-Spons ADR Part Cer | New | 0.59% | +0.59 |
| ETN Eaton Corp. PLC | New | 0.41% | +0.41 |
| TMO Thermo Fisher Scientific Inc. | Add +52.0% | 0.92% | +0.37 |
| DHR Danaher Corp. | Add +61.5% | 0.79% | +0.34 |
| VOO Vanguard S&P 500 ETF | Add +34.4% | 1.13% | +0.31 |
| SHOP Shopify Inc. Class A | Add +13.6% | 0.94% | +0.24 |
| GS Goldman Sachs Group Inc. | Add +3.7% | 1.68% | +0.16 |
| USIG iShares Broad Usd Investment | New | 0.15% | +0.15 |
| CRM Salesforce Inc. | Add +2.1% | 2.22% | +0.12 |
| XLF SS Financial Select Sector | Add +1.0% | 1.45% | +0.11 |
| V Visa Inc. Class A | Add +7.8% | 1.21% | +0.11 |
| XLY SS Consumer Disc Select Sect | Add +2.7% | 1.10% | +0.10 |
| MELI MercadoLibre Inc. | Add +19.9% | 0.28% | +0.09 |
| APO Apollo Global Management Inc. | Add +32.8% | 0.28% | +0.08 |
| SMH Vaneck Semiconductor ETF | Add +16.8% | 1.09% | +0.07 |
| RTX RTX Corp. | Add +0.2% | 0.46% | +0.07 |
| IEMG iShares Core MSCI Emerging | Add +70.5% | 0.14% | +0.06 |
| DE Deere & Co. | Add +39.3% | 0.18% | +0.06 |
| IHI iShares U.S. Medical Devices | Add +180.1% | 0.09% | +0.06 |
| USHY iShares Broad Usd High Yield | New | 0.06% | +0.06 |
| CDNS Cadence Design SYS Inc. | New | 0.06% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.06% | +0.06 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.05% | +0.05 |
| VGK Vanguard Ftse Europe ETF | Add +8.5% | 0.38% | +0.04 |
| XLI SS Industrial Select Sector | Add +72.9% | 0.09% | +0.04 |
| TLT iShares 20+ Year Treasury BD | Add +168.1% | 0.06% | +0.04 |
| EMB iShares JP Morgan Usd Emergi | Add +112.1% | 0.07% | +0.04 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.04% | +0.04 |
| MBB iShares MBS ETF | New | 0.04% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +60.3% | 0.09% | +0.03 |
| UBER Uber Technologies Inc. | Add +4.3% | 0.70% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.03% | +0.03 |
| C Citigroup Inc. | New | 0.03% | +0.03 |
| RSP Invesco S&P 500 Equal Weight | New | 0.03% | +0.03 |
| VGSH Vanguard Short-Term Treasury | Add +37.4% | 0.10% | +0.03 |
| FCX Freeport-McMoran Inc. | New | 0.03% | +0.03 |
| GDX Vaneck Gold Miners ETF | Add +73.5% | 0.05% | +0.02 |
| UL Unilever PLC | New | 0.02% | +0.02 |
| CCAP Crescent Capital BDC Inc. | New | 0.02% | +0.02 |
| DELL Dell Technologies -C | New | 0.02% | +0.02 |
| ENPH Enphase Energy Inc. | New | 0.02% | +0.02 |
| ISHARES INC | New | 0.02% | +0.02 |
| ROBO Robo Global Robotics and Aut | New | 0.02% | +0.02 |
| LULU Lululemon Athletica Inc. | Add +30.7% | 0.11% | +0.02 |
| AMGN Amgen Inc. | Add +6.3% | 0.21% | +0.01 |
| STZ Constellation Brands Inc. Class A | Add +3.9% | 0.67% | +0.01 |
| XLK SS Technology Select Sector | Add +3.9% | 0.72% | +0.01 |
| XLE SS Energy Select Sector | Add +4.0% | 0.40% | −0.01 |
| NVDA Nvidia Corp. | Add +3.9% | 3.15% | −0.02 |
| MU Micron Technology Inc. | Add +2.1% | 1.13% | −0.31 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 177 | $1.3B | AAPL, GOOGL, AMZN, MSFT, BWMX |
| Q1 2026 | 172 | $1.1B | AAPL, GOOGL, AMZN, MSFT, BWMX |
| Q4 2025 | 177 | $1.2B | AAPL, GOOGL, MSFT, AMZN, BWMX |
| Q3 2025 | 179 | $1.1B | AAPL, MSFT, AMZN, GOOGL, META |
| Q2 2025 | 178 | $1.0B | MSFT, AAPL, AMZN, META, GOOGL |
| Q1 2025 | 168 | $884.7M | AAPL, AMZN, MSFT, GOOGL, BWMX |
| Q4 2024 | 158 | $941.6M | AAPL, AMZN, MSFT, GOOGL, META |
| Q3 2024 | 166 | $958.3M | AAPL, MSFT, AMZN, GOOGL, BWMX |
| Q2 2024 | 152 | $932.9M | AAPL, MSFT, AMZN, BWMX, GOOGL |
| Q1 2024 | 160 | $948.1M | BWMX, MSFT, AAPL, AMZN, META |