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

0$500.0M$1.0B$1.5B Q1 2024: $948.1M Q1 2024 Q2 2024: $932.9M Q2 2024 Q3 2024: $958.3M $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 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
INTU Intuit Inc. 0.09% 1,345 $835K No change
IWF iShares Russell 1000 Growth 0.08% 1,969 $739K No change
VWO Vanguard Ftse Emerging Marke 0.08% 15,336 $734K No change
SHYG iShares 0-5 YR HY Corp. Bond 0.07% 16,348 $710K No change
CIBR First Trust Nasdaq Cybersecu 0.07% 11,770 $697K No change
EMB iShares JP Morgan Usd Emergi 0.07% 7,423 $695K Add +112.1%
CFR Cullen/Frost Bankers Inc. 0.07% 6,070 $679K No change
ET Energy Transfer LP 0.07% 41,905 $673K No change
IEV iShares Europe ETF 0.07% 11,000 $641K No change
FISV Fiserv Inc. 0.06% 3,450 $620K No change
EWH iShares MSCI Hong Kong ETF 0.06% 33,050 $617K No change
TLT iShares 20+ Year Treasury BD 0.06% 6,086 $597K Add +168.1%
TGT Target Corp. 0.06% 3,795 $591K No change
NVS Novartis AG-Sponsored ADR 0.06% 5,002 $575K No change
EPP iShares MSCI Pacific Ex Japa 0.06% 11,230 $548K Reduce -51.8%
USHY iShares Broad Usd High Yield 0.06% 14,440 $544K New
CRWD CrowdStrike Holdings Inc. Class A 0.06% 1,880 $527K New
CDNS Cadence Design SYS Inc. 0.06% 1,943 $527K New
F Ford Motor Co. filed as FORD MTR CO 0.05% 49,232 $520K No change
JNJ Johnson & Johnson 0.05% 3,182 $516K No change
XLC SS Comm Select Sector SPDR 0.05% 5,420 $490K No change
GDX Vaneck Gold Miners ETF 0.05% 11,920 $475K Add +73.5%
QCOM Qualcomm Inc. 0.05% 2,730 $464K No change
SNOW Snowflake Inc. 0.05% 4,034 $463K Reduce -86.2%
MMM 3M Co. 0.05% 3,370 $461K No change
AZN Astrazeneca PLC-Spons ADR 0.05% 5,809 $453K New
SPOT Spotify Technology SA 0.05% 1,200 $442K No change
LMT Lockheed Martin Corp. 0.05% 750 $438K Reduce -26.5%
ONON On Holding AG Class A filed as ON HLDG AG 0.05% 8,695 $436K No change
SOFI Sofi Technologies Inc. 0.04% 54,015 $425K No change
GMF State Street SPDR S&P Emergi 0.04% 3,200 $394K Reduce -42.9%
TSLA Tesla Inc. 0.04% 1,494 $391K Reduce -60.5%
CVX Chevron Corp. 0.04% 2,600 $383K No change
IXJ iShares Global Healthcare Et 0.04% 3,900 $383K No change
TLH iShares 10-20 Year Treasury 0.04% 3,488 $381K No change
SUSA iShares ESG Optimized MSCI U 0.04% 3,155 $380K No change
IUSV iShares Core S&P U.S. Value 0.04% 3,919 $374K No change
TKO Tko Group Holdings Inc. 0.04% 3,005 $372K No change
KO The Coca-Cola Co. 0.04% 4,934 $355K No change
CHRW C.H. Robinson Worldwide Inc. 0.04% 3,200 $353K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.04% 826 $349K New
BIIB Biogen Inc. 0.04% 1,800 $349K Reduce -26.5%
MBB iShares MBS ETF 0.04% 3,551 $340K New
PEP Pepsico Inc. 0.04% 2,000 $340K No change
IBOC International Bancshares CRP 0.04% 5,667 $339K No change
MINT PIMCO Enhanced Short Maturit 0.03% 3,310 $333K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.03% 4,125 $331K No change
BOTZ Global X Robotics & Artifici 0.03% 10,000 $322K No change
MDT Medtronic PLC 0.03% 3,480 $313K No change
QCLN First Trust Nasdaq Clean Edg 0.03% 8,600 $309K No change
ASML ASML Holding NV-NY Reg SHS 0.03% 368 $307K New
URBN Urban Outfitters Inc. 0.03% 7,815 $299K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.03% 3,193 $293K No change
VYM Vanguard High DVD Yield ETF 0.03% 2,260 $290K No change
C Citigroup Inc. 0.03% 4,250 $266K New
RSP Invesco S&P 500 Equal Weight 0.03% 1,474 $264K New
FCX Freeport-McMoran Inc. 0.03% 4,945 $247K New
XLB SS Materials Select Sector 0.03% 2,500 $241K No change
FDN First Trust DJ Internet Ind 0.02% 1,070 $227K No change
FVD First Trust Value Line DVD 0.02% 4,910 $223K No change
UL Unilever PLC 0.02% 3,381 $220K New
CCAP Crescent Capital BDC Inc. 0.02% 35,200 $216K New
DELL Dell Technologies -C 0.02% 1,826 $216K New
ENPH Enphase Energy Inc. 0.02% 1,910 $216K New
ISHARES INC 0.02% 3,830 $206K New
ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU 0.02% 3,580 $204K New

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

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