MMBG Investment Advisors Co.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), MMBG Investment Advisors Co. reported 168 stock positions worth $884.7 million. Its top holding was Apple (AAPL) at 10.4% of the portfolio, followed by Amazon.com (AMZN, 7.9%) and Microsoft (MSFT, 7.6%). Compared with Q4 2024, it opened 14 new positions, sold out of 4, added to 38 and reduced 48. The biggest buy was Betterware DE Mexico Sapi DE (BWMX, shares +1%) and the biggest sale Apple (AAPL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001765876
- Portfolio Value
- $884.7M (Q1 2025)
- SEC Filing
- 0001765876-25-000003 ↗ filed Apr 25, 2025
Holdings Value
Holdings 168 stocks · $884.7M
| AAPL Apple Inc. | 10.44% | 415,862 | $92.4M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 7.93% | 368,654 | $70.1M | Add +8.1% |
| MSFT Microsoft Corp. | 7.59% | 178,909 | $67.2M | Add +2.6% |
| GOOGL Alphabet Inc. Class A | 5.64% | 322,778 | $49.9M | Add +2.3% |
| BWMX Betterware DE Mexico Sapi DE | 5.33% | 4,145,782 | $47.1M | Add +1.3% |
| META Meta Platforms Inc. Class A | 5.28% | 81,050 | $46.7M | Reduce -4.9% |
| JPM JPMorgan Chase & Co. | 4.02% | 144,915 | $35.5M | Reduce -0.9% |
| XLV SS Health Care Select Sector | 3.25% | 197,134 | $28.8M | Reduce -14.2% |
| NVDA Nvidia Corp. | 2.68% | 218,566 | $23.7M | Add +5.0% |
| CRM Salesforce Inc. | 2.21% | 73,020 | $19.6M | Add +0.3% |
| GS Goldman Sachs Group Inc. | 2.11% | 34,101 | $18.6M | Add +4.6% |
| V Visa Inc. Class A | 1.60% | 40,296 | $14.1M | Reduce -4.6% |
| GOOG Alphabet Inc. Class C | 1.59% | 90,103 | $14.1M | Add +0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.46% | 23,019 | $12.9M | Reduce -11.5% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 1.30% | 179,670 | $11.5M | Reduce -17.4% |
| WMT Walmart Inc. | 1.29% | 129,821 | $11.4M | Reduce -18.6% |
| XLF SS Financial Select Sector | 1.27% | 225,123 | $11.2M | Reduce -14.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.17% | 248,373 | $10.4M | Reduce -9.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.17% | 104,741 | $10.3M | Reduce -21.3% |
| VOO Vanguard S&P 500 ETF | 1.13% | 19,419 | $10.0M | Add +42.8% |
| SMH Vaneck Semiconductor ETF | 1.09% | 45,436 | $9.6M | Add +7.2% |
| SHOP Shopify Inc. Class A | 1.05% | 97,725 | $9.3M | Reduce -12.7% |
| UBER Uber Technologies Inc. | 0.91% | 110,890 | $8.1M | Add +9.4% |
| CX Cemex Sab-Spons ADR Part Cer | 0.88% | 1,389,427 | $7.8M | No change |
| AVGO Broadcom Inc. | 0.85% | 44,816 | $7.5M | Add +10.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.84% | 15,844 | $7.4M | Reduce -2.5% |
| BABA Alibaba Group Holding-SP ADR | 0.81% | 53,865 | $7.1M | Reduce -18.0% |
| XLY SS Consumer Disc Select Sect | 0.77% | 34,511 | $6.8M | Reduce -13.2% |
| TMO Thermo Fisher Scientific Inc. | 0.71% | 12,591 | $6.3M | Reduce -13.2% |
| STZ Constellation Brands Inc. Class A | 0.70% | 33,868 | $6.2M | Add +27.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.70% | 37,267 | $6.2M | Add +24.0% |
| XLK SS Technology Select Sector | 0.66% | 28,410 | $5.9M | Reduce -1.0% |
| MU Micron Technology Inc. | 0.65% | 65,970 | $5.7M | Add +3.1% |
| IBB iShares Biotechnology ETF | 0.61% | 42,349 | $5.4M | Add +0.1% |
| UNH Unitedhealth Group Inc. | 0.60% | 10,216 | $5.4M | Add +13.6% |
| SBUX Starbucks Corp. | 0.60% | 54,017 | $5.3M | Reduce -11.4% |
| COST Costco Wholesale Corp. | 0.57% | 5,354 | $5.1M | Add +43.8% |
| MCD McDonald's Corp. | 0.57% | 16,104 | $5.0M | Reduce -5.0% |
| VGT Vanguard Info Tech ETF | 0.55% | 9,050 | $4.9M | Add +5.4% |
| DXJ Wisdomtree Japan Hedged Eq | 0.55% | 43,912 | $4.8M | Reduce -4.2% |
| DHR Danaher Corp. | 0.53% | 23,005 | $4.7M | Reduce -16.0% |
| ETN Eaton Corp. PLC | 0.52% | 16,830 | $4.6M | Add +35.3% |
| XLP SS Consumer Staples Sel Sect | 0.47% | 51,217 | $4.2M | Reduce -0.1% |
| XLE SS Energy Select Sector | 0.46% | 43,860 | $4.1M | Reduce -0.1% |
| FMX Fomento Economico Mex-SP ADR | 0.46% | 41,723 | $4.1M | No change |
| RTX RTX Corp. | 0.45% | 29,790 | $3.9M | Reduce -16.9% |
| FDX FedEx Corp. | 0.38% | 13,839 | $3.4M | No change |
| IYW iShares Ustechnology ETF | 0.38% | 24,053 | $3.4M | No change |
| VGK Vanguard Ftse Europe ETF | 0.38% | 47,645 | $3.3M | Reduce -2.6% |
| MELI MercadoLibre Inc. | 0.38% | 1,712 | $3.3M | Reduce -21.0% |
| APO Apollo Global Management Inc. | 0.36% | 23,210 | $3.2M | Add +7.2% |
| NKE Nike Inc. Class B | 0.30% | 42,125 | $2.7M | Add +13.3% |
| IAU iShares Gold Trust | 0.29% | 42,900 | $2.5M | No change |
| LLY Eli Lilly & Co. | 0.28% | 3,034 | $2.5M | Add +93.9% |
| ABBV Abbvie Inc. | 0.26% | 11,160 | $2.3M | No change |
| SPGI S&P Global Inc. | 0.26% | 4,575 | $2.3M | No change |
| PFE Pfizer Inc. | 0.26% | 89,815 | $2.3M | Reduce -1.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.25% | 27,254 | $2.3M | Add +3.8% |
| CDRO Codere Online Luxembourg SA | 0.24% | 295,700 | $2.1M | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.24% | 29,985 | $2.1M | Add +69.7% |
| MRK Merck & Co. Inc. | 0.23% | 22,563 | $2.0M | No change |
| IYJ iShares U.S. Industrials ETF | 0.23% | 15,600 | $2.0M | No change |
| GLD SPDR Gold Shares | 0.23% | 7,010 | $2.0M | New |
| SHV iShares 0-1 Year Treasury Bo | 0.22% | 17,725 | $2.0M | Reduce -5.6% |
| AMGN Amgen Inc. | 0.21% | 6,102 | $1.9M | No change |
| DE Deere & Co. | 0.21% | 4,010 | $1.9M | Reduce -9.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.21% | 3,510 | $1.9M | Reduce -25.5% |
| XLI SS Industrial Select Sector | 0.21% | 14,025 | $1.8M | Add +135.5% |
| IYH iShares U.S. Healthcare ETF | 0.20% | 29,125 | $1.8M | No change |
| IYF iShares US Financials ETF | 0.20% | 15,701 | $1.8M | No change |
| EWJ iShares MSCI Japan ETF | 0.19% | 24,061 | $1.6M | Reduce -21.1% |
| IVV iShares Core S&P 500 ETF | 0.19% | 2,924 | $1.6M | No change |
| HD Home Depot Inc. | 0.19% | 4,480 | $1.6M | Reduce -3.5% |
| AAXJ iShares MSCI All Country Asi | 0.19% | 22,160 | $1.6M | Reduce -27.7% |
| IYT iShares US Transportation Et | 0.17% | 23,940 | $1.5M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.17% | 19,108 | $1.5M | No change |
| IGV iShares Expanded Tech-Softwa | 0.17% | 16,400 | $1.5M | New |
| IJH iShares Core S&P Midcap ETF | 0.16% | 24,570 | $1.4M | Add +132.0% |
| USIG iShares Broad Usd Investment | 0.16% | 27,795 | $1.4M | No change |
| BA The Boeing Co. | 0.16% | 8,220 | $1.4M | Reduce -1.1% |
| PANW Palo Alto Networks Inc. | 0.16% | 8,158 | $1.4M | Add +40.7% |
| IEMG iShares Core MSCI Emerging | 0.16% | 25,637 | $1.4M | Add +1.8% |
| EZU iShares MSCI Eurozone ETF | 0.15% | 24,620 | $1.3M | No change |
| FEZ State Street SPDR Euro Stoxx | 0.14% | 23,513 | $1.3M | Reduce -3.8% |
| STWD Starwood Property Trust Inc. | 0.13% | 58,615 | $1.2M | No change |
| PFF iShares Preferred & Income S | 0.12% | 33,755 | $1.0M | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.12% | 13,879 | $1.0M | Add +86.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.11% | 19,332 | $1.0M | Add +7.2% |
| CDNS Cadence Design SYS Inc. | 0.11% | 3,965 | $1.0M | Add +59.0% |
| WM Waste Management Inc. | 0.11% | 4,260 | $986K | No change |
| VGSH Vanguard Short-Term Treasury | 0.11% | 16,615 | $975K | No change |
| IHI iShares U.S. Medical Devices | 0.10% | 14,775 | $889K | No change |
| VGIT Vanguard Intermediate-Term T | 0.10% | 14,793 | $879K | No change |
| NOW ServiceNow Inc. | 0.10% | 1,085 | $864K | New |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.10% | 16,964 | $853K | No change |
| HON Honeywell International Inc. | 0.10% | 4,002 | $847K | Reduce -29.3% |
| SPSB SS SPDR P St C Corp. ETF | 0.10% | 28,080 | $845K | No change |
| B Barrick Gold Corp. | 0.09% | 43,200 | $839K | No change |
| CMCSA Comcast Corp. Class A | 0.09% | 22,442 | $828K | Reduce -2.1% |
| INTU Intuit Inc. | 0.09% | 1,345 | $826K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -0.2% | 10.44% | −0.64 |
| DIS The Walt Disney Co. | Reduce -21.3% | 1.17% | −0.41 |
| WMT Walmart Inc. | Reduce -18.6% | 1.29% | −0.24 |
| SHOP Shopify Inc. Class A | Reduce -12.7% | 1.05% | −0.21 |
| XLY SS Consumer Disc Select Sect | Reduce -13.2% | 0.77% | −0.18 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -11.5% | 1.46% | −0.16 |
| DHR Danaher Corp. | Reduce -16.0% | 0.53% | −0.13 |
| BAC Bank of America Corp. | Reduce -9.9% | 1.17% | −0.11 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.11 |
| XLV SS Health Care Select Sector | Reduce -14.2% | 3.25% | −0.10 |
| TMO Thermo Fisher Scientific Inc. | Reduce -13.2% | 0.71% | −0.09 |
| XLF SS Financial Select Sector | Reduce -14.3% | 1.27% | −0.08 |
| EWG iShares MSCI Germany ETF | Reduce -73.1% | 0.04% | −0.08 |
| LULU Lululemon Athletica Inc. | Reduce -26.3% | 0.07% | −0.05 |
| F Ford Motor Co. | Sold out | 0.00% | −0.05 |
| EWH iShares MSCI Hong Kong ETF | Sold out | 0.00% | −0.05 |
| AAXJ iShares MSCI All Country Asi | Reduce -27.7% | 0.19% | −0.05 |
| XLK SS Technology Select Sector | Reduce -1.0% | 0.66% | −0.05 |
| PYPL PayPal Holdings Inc. | Reduce -19.8% | 0.08% | −0.04 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.5% | 0.84% | −0.04 |
| HON Honeywell International Inc. | Reduce -29.3% | 0.10% | −0.04 |
| HEDJ Wisdomtree Europe Hedged Equ | Reduce -43.9% | 0.07% | −0.04 |
| C Citigroup Inc. | Sold out | 0.00% | −0.03 |
| EWJ iShares MSCI Japan ETF | Reduce -21.1% | 0.19% | −0.03 |
| EEM iShares MSCI Emerging Market | Reduce -51.5% | 0.04% | −0.03 |
| LVS Las Vegas Sands Corp. | Reduce -5.7% | 0.07% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -4.9% | 5.28% | −0.02 |
| FLOT iShares Floating Rate Bond E | Reduce -25.8% | 0.06% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -25.5% | 0.21% | −0.02 |
| MELI MercadoLibre Inc. | Reduce -21.0% | 0.38% | −0.01 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -16.7% | 0.07% | −0.01 |
| HD Home Depot Inc. | Reduce -3.5% | 0.19% | −0.01 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -9.1% | 0.07% | −0.00 |
| SNOW Snowflake Inc. | Reduce -2.9% | 0.05% | −0.00 |
| PFE Pfizer Inc. | Reduce -1.7% | 0.26% | −0.00 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -5.6% | 0.22% | +0.00 |
| BA The Boeing Co. | Reduce -1.1% | 0.16% | +0.00 |
| CMCSA Comcast Corp. Class A | Reduce -2.1% | 0.09% | +0.00 |
| RTX RTX Corp. | Reduce -16.9% | 0.45% | +0.01 |
| SBUX Starbucks Corp. | Reduce -11.4% | 0.60% | +0.01 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -4.2% | 0.55% | +0.01 |
| DE Deere & Co. | Reduce -9.4% | 0.21% | +0.01 |
| FEZ State Street SPDR Euro Stoxx | Reduce -3.8% | 0.14% | +0.02 |
| CVS CVS Health Corp. | Reduce -18.7% | 0.09% | +0.02 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.1% | 0.47% | +0.04 |
| MCD McDonald's Corp. | Reduce -5.0% | 0.57% | +0.05 |
| VGK Vanguard Ftse Europe ETF | Reduce -2.6% | 0.38% | +0.05 |
| XLE SS Energy Select Sector | Reduce -0.1% | 0.46% | +0.06 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Reduce -17.4% | 1.30% | +0.07 |
| V Visa Inc. Class A | Reduce -4.6% | 1.60% | +0.18 |
Portfolio Buys Q4 2024 → Q1 2025
| BWMX Betterware DE Mexico Sapi DE | Add +1.3% | 5.33% | +0.47 |
| VOO Vanguard S&P 500 ETF | Add +42.8% | 1.13% | +0.35 |
| UBER Uber Technologies Inc. | Add +9.4% | 0.91% | +0.26 |
| GLD SPDR Gold Shares | New | 0.23% | +0.23 |
| COST Costco Wholesale Corp. | Add +43.8% | 0.57% | +0.21 |
| IGV iShares Expanded Tech-Softwa | New | 0.17% | +0.17 |
| LLY Eli Lilly & Co. | Add +93.9% | 0.28% | +0.15 |
| XLI SS Industrial Select Sector | Add +135.5% | 0.21% | +0.12 |
| GS Goldman Sachs Group Inc. | Add +4.6% | 2.11% | +0.12 |
| UNH Unitedhealth Group Inc. | Add +13.6% | 0.60% | +0.12 |
| NOW ServiceNow Inc. | New | 0.10% | +0.10 |
| IJH iShares Core S&P Midcap ETF | Add +132.0% | 0.16% | +0.09 |
| RSP Invesco S&P 500 Equal Weight | New | 0.09% | +0.09 |
| STZ Constellation Brands Inc. Class A | Add +27.9% | 0.70% | +0.08 |
| ORCL Oracle Corp. | New | 0.08% | +0.08 |
| ETN Eaton Corp. PLC | Add +35.3% | 0.52% | +0.08 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +69.7% | 0.24% | +0.08 |
| MU Micron Technology Inc. | Add +3.1% | 0.65% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | Add +24.0% | 0.70% | +0.07 |
| AZN Astrazeneca PLC-Spons ADR | Add +86.1% | 0.12% | +0.06 |
| PANW Palo Alto Networks Inc. | Add +40.7% | 0.16% | +0.05 |
| ULTA Ulta Beauty Inc. | New | 0.04% | +0.04 |
| CDNS Cadence Design SYS Inc. | Add +59.0% | 0.11% | +0.03 |
| EFA iShares MSCI Eafe ETF | New | 0.03% | +0.03 |
| MCHI iShares MSCI China ETF | New | 0.03% | +0.03 |
| RIVN Rivian Automotive Inc. Class A | New | 0.03% | +0.03 |
| GEV GE Vernova Inc. | New | 0.03% | +0.03 |
| IVE iShares S&P 500 Value ETF | New | 0.03% | +0.03 |
| SHY iShares 1-3 Year Treasury Bo | Add +3.8% | 0.25% | +0.03 |
| VRN Veren Inc. | New | 0.03% | +0.03 |
| SGOV iShares 0-3 Month Treasury B | New | 0.02% | +0.02 |
| UL Unilever PLC | New | 0.02% | +0.02 |
| IBB iShares Biotechnology ETF | Add +0.1% | 0.61% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +14.9% | 0.09% | +0.02 |
| IEI iShares 3-7 Year Treasury Bo | Add +652.3% | 0.04% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +1.8% | 0.16% | +0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +7.2% | 0.11% | +0.02 |
| IEF iShares 7-10 Year Treasury B | Add +3.4% | 0.07% | +0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +15.7% | 0.04% | +0.01 |
| NKE Nike Inc. Class B | Add +13.3% | 0.30% | +0.01 |
| DELL Dell Technologies -C | Add +27.3% | 0.05% | +0.00 |
| SMH Vaneck Semiconductor ETF | Add +7.2% | 1.09% | −0.00 |
| TSLA Tesla Inc. | Add +17.4% | 0.04% | −0.01 |
| VGT Vanguard Info Tech ETF | Add +5.4% | 0.55% | −0.01 |
| AMZN Amazon.com Inc. | Add +8.1% | 7.93% | −0.02 |
| APO Apollo Global Management Inc. | Add +7.2% | 0.36% | −0.02 |
| AVGO Broadcom Inc. | Add +10.3% | 0.85% | −0.15 |
| MSFT Microsoft Corp. | Add +2.6% | 7.59% | −0.21 |
| GOOG Alphabet Inc. Class C | Add +0.3% | 1.59% | −0.23 |
| NVDA Nvidia Corp. | Add +5.0% | 2.68% | −0.29 |
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 |