MMBG Investment Advisors Co.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), MMBG Investment Advisors Co. reported 178 stock positions worth $1.0 billion. Its top holding was Microsoft (MSFT) at 9.4% of the portfolio, followed by Apple (AAPL, 8.5%) and Amazon.com (AMZN, 8.1%). Compared with Q1 2025, it opened 15 new positions, sold out of 5, added to 42 and reduced 43. The biggest buy was Microsoft (MSFT, shares +6%) and the biggest sale Betterware DE Mexico Sapi DE (BWMX, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001765876
- Portfolio Value
- $1.0B (Q2 2025)
- SEC Filing
- 0001765876-25-000004 ↗ filed Aug 12, 2025
Holdings Value
Holdings 178 stocks · $1.0B
| MSFT Microsoft Corp. | 9.40% | 189,916 | $94.5M | Add +6.2% |
| AAPL Apple Inc. | 8.55% | 418,665 | $85.9M | Add +0.7% |
| AMZN Amazon.com Inc. | 8.14% | 373,002 | $81.8M | Add +1.2% |
| META Meta Platforms Inc. Class A | 6.21% | 84,539 | $62.4M | Add +4.3% |
| GOOGL Alphabet Inc. Class A | 5.72% | 326,049 | $57.5M | Add +1.0% |
| JPM JPMorgan Chase & Co. | 4.13% | 143,207 | $41.5M | Reduce -1.2% |
| NVDA Nvidia Corp. | 4.12% | 261,816 | $41.4M | Add +19.8% |
| BWMX Betterware DE Mexico Sapi DE | 3.57% | 4,142,988 | $35.8M | Reduce -0.1% |
| XLV SS Health Care Select Sector | 2.67% | 198,854 | $26.8M | Add +0.9% |
| GS Goldman Sachs Group Inc. | 2.36% | 33,524 | $23.7M | Reduce -1.7% |
| CRM Salesforce Inc. | 2.00% | 73,582 | $20.1M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 1.67% | 94,733 | $16.8M | Add +5.1% |
| V Visa Inc. Class A | 1.56% | 44,095 | $15.7M | Add +9.4% |
| WMT Walmart Inc. | 1.53% | 157,381 | $15.4M | Add +21.2% |
| AVGO Broadcom Inc. | 1.38% | 50,431 | $13.9M | Add +12.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.30% | 21,069 | $13.1M | Reduce -8.5% |
| VOO Vanguard S&P 500 ETF | 1.25% | 21,989 | $12.5M | Add +13.2% |
| SMH Vaneck Semiconductor ETF | 1.22% | 43,818 | $12.2M | Reduce -3.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.21% | 97,620 | $12.2M | Reduce -6.8% |
| UBER Uber Technologies Inc. | 1.19% | 127,969 | $11.9M | Add +15.4% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 1.13% | 175,845 | $11.3M | Reduce -2.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.12% | 237,133 | $11.2M | Reduce -4.5% |
| XLF SS Financial Select Sector | 1.04% | 199,119 | $10.4M | Reduce -11.6% |
| SHOP Shopify Inc. Class A | 1.03% | 89,865 | $10.4M | Reduce -8.0% |
| CX Cemex Sab-Spons ADR Part Cer | 0.99% | 1,441,427 | $10.0M | Add +3.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.92% | 16,732 | $9.2M | Add +5.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.83% | 36,802 | $8.4M | Reduce -1.3% |
| MU Micron Technology Inc. | 0.74% | 60,110 | $7.4M | Reduce -8.9% |
| XLY SS Consumer Disc Select Sect | 0.69% | 32,116 | $7.0M | Reduce -6.9% |
| XLK SS Technology Select Sector | 0.66% | 26,291 | $6.7M | Reduce -7.5% |
| ETN Eaton Corp. PLC | 0.63% | 17,862 | $6.4M | Add +6.1% |
| TMO Thermo Fisher Scientific Inc. | 0.62% | 15,251 | $6.2M | Add +21.1% |
| BABA Alibaba Group Holding-SP ADR | 0.61% | 52,820 | $6.1M | Reduce -1.9% |
| VGT Vanguard Info Tech ETF | 0.59% | 8,885 | $5.9M | Reduce -1.8% |
| SBUX Starbucks Corp. | 0.57% | 63,017 | $5.8M | Add +16.7% |
| STZ Constellation Brands Inc. Class A | 0.53% | 32,971 | $5.4M | Reduce -2.6% |
| IBB iShares Biotechnology ETF | 0.53% | 42,349 | $5.4M | No change |
| COST Costco Wholesale Corp. | 0.52% | 5,304 | $5.3M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 0.47% | 15,098 | $4.7M | Add +47.8% |
| DXJ Wisdomtree Japan Hedged Eq | 0.46% | 40,377 | $4.6M | Reduce -8.1% |
| DHR Danaher Corp. | 0.45% | 23,005 | $4.6M | No change |
| MELI MercadoLibre Inc. | 0.45% | 1,728 | $4.5M | Add +0.9% |
| XLE SS Energy Select Sector | 0.45% | 53,240 | $4.5M | Add +21.4% |
| FMX Fomento Economico Mex-SP ADR | 0.44% | 43,223 | $4.5M | Add +3.6% |
| RTX RTX Corp. | 0.43% | 29,790 | $4.3M | No change |
| MCD McDonald's Corp. | 0.43% | 14,644 | $4.3M | Reduce -9.1% |
| IYW iShares Ustechnology ETF | 0.41% | 24,053 | $4.2M | No change |
| XLP SS Consumer Staples Sel Sect | 0.41% | 50,602 | $4.1M | Reduce -1.2% |
| LLY Eli Lilly & Co. | 0.38% | 4,839 | $3.8M | Add +59.5% |
| VGK Vanguard Ftse Europe ETF | 0.35% | 45,820 | $3.6M | Reduce -3.8% |
| APO Apollo Global Management Inc. | 0.34% | 24,239 | $3.4M | Add +4.4% |
| NKE Nike Inc. Class B | 0.27% | 37,815 | $2.7M | Reduce -10.2% |
| FDX FedEx Corp. | 0.26% | 11,589 | $2.7M | Reduce -16.3% |
| CDRO Codere Online Luxembourg SA | 0.25% | 295,700 | $2.5M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.24% | 29,354 | $2.4M | Add +7.7% |
| SPGI S&P Global Inc. | 0.24% | 4,575 | $2.4M | No change |
| XLI SS Industrial Select Sector | 0.23% | 15,710 | $2.3M | Add +12.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.23% | 33,262 | $2.3M | Add +10.9% |
| IYJ iShares U.S. Industrials ETF | 0.22% | 15,600 | $2.2M | No change |
| SHV iShares 0-1 Year Treasury Bo | 0.21% | 19,405 | $2.1M | Add +9.5% |
| DE Deere & Co. | 0.20% | 4,030 | $2.1M | Add +0.5% |
| IYF iShares US Financials ETF | 0.19% | 15,701 | $1.9M | No change |
| SPOT Spotify Technology SA | 0.18% | 2,385 | $1.8M | Add +98.8% |
| IVV iShares Core S&P 500 ETF | 0.18% | 2,924 | $1.8M | No change |
| MRK Merck & Co. Inc. | 0.18% | 22,563 | $1.8M | No change |
| TMUS T-Mobile US Inc. | 0.18% | 7,400 | $1.8M | New |
| AMGN Amgen Inc. | 0.17% | 6,102 | $1.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.17% | 3,503 | $1.7M | Reduce -0.2% |
| MS Morgan Stanley | 0.17% | 12,065 | $1.7M | New |
| ABBV Abbvie Inc. | 0.17% | 9,060 | $1.7M | Reduce -18.8% |
| PANW Palo Alto Networks Inc. | 0.17% | 8,158 | $1.7M | No change |
| AAXJ iShares MSCI All Country Asi | 0.16% | 19,930 | $1.6M | Reduce -10.1% |
| IYH iShares U.S. Healthcare ETF | 0.16% | 29,125 | $1.6M | No change |
| IYT iShares US Transportation Et | 0.16% | 23,940 | $1.6M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.16% | 19,903 | $1.6M | Add +4.2% |
| PFE Pfizer Inc. | 0.16% | 64,735 | $1.6M | Reduce -27.9% |
| NEE Nextera Energy Inc. | 0.15% | 22,355 | $1.6M | New |
| EWJ iShares MSCI Japan ETF | 0.15% | 20,691 | $1.6M | Reduce -14.0% |
| IEMG iShares Core MSCI Emerging | 0.15% | 25,637 | $1.5M | No change |
| IJH iShares Core S&P Midcap ETF | 0.15% | 24,570 | $1.5M | No change |
| EZU iShares MSCI Eurozone ETF | 0.15% | 24,620 | $1.5M | No change |
| USIG iShares Broad Usd Investment | 0.14% | 27,795 | $1.4M | No change |
| HD Home Depot Inc. | 0.13% | 3,620 | $1.3M | Reduce -19.2% |
| GLD SPDR Gold Shares | 0.13% | 4,295 | $1.3M | Reduce -38.7% |
| BA The Boeing Co. | 0.12% | 5,830 | $1.2M | Reduce -29.1% |
| STWD Starwood Property Trust Inc. | 0.12% | 58,615 | $1.2M | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.12% | 22,582 | $1.2M | Add +16.8% |
| NOW ServiceNow Inc. | 0.11% | 1,110 | $1.1M | Add +2.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.11% | 2,160 | $1.1M | No change |
| ORCL Oracle Corp. | 0.11% | 5,030 | $1.1M | No change |
| FEZ State Street SPDR Euro Stoxx | 0.11% | 18,037 | $1.1M | Reduce -23.3% |
| INTU Intuit Inc. | 0.11% | 1,345 | $1.1M | No change |
| PFF iShares Preferred & Income S | 0.10% | 33,755 | $1.0M | No change |
| VGSH Vanguard Short-Term Treasury | 0.10% | 16,615 | $977K | No change |
| WM Waste Management Inc. | 0.10% | 4,260 | $975K | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.10% | 13,879 | $970K | No change |
| MDLZ Mondelez International Inc. Class A | 0.10% | 14,280 | $970K | New |
| HON Honeywell International Inc. | 0.09% | 4,002 | $932K | No change |
| IHI iShares U.S. Medical Devices | 0.09% | 14,775 | $926K | No change |
| CDNS Cadence Design SYS Inc. | 0.09% | 2,948 | $908K | Reduce -25.6% |
Portfolio Sells Q1 2025 → Q2 2025
| BWMX Betterware DE Mexico Sapi DE | Reduce -0.1% | 3.57% | −1.76 |
| IAU iShares Gold Trust | Sold out | 0.00% | −0.29 |
| XLF SS Financial Select Sector | Reduce -11.6% | 1.04% | −0.23 |
| BABA Alibaba Group Holding-SP ADR | Reduce -1.9% | 0.61% | −0.20 |
| STZ Constellation Brands Inc. Class A | Reduce -2.6% | 0.53% | −0.17 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Reduce -2.1% | 1.13% | −0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.5% | 1.30% | −0.16 |
| MCD McDonald's Corp. | Reduce -9.1% | 0.43% | −0.14 |
| IGV iShares Expanded Tech-Softwa | Reduce -86.6% | 0.02% | −0.14 |
| FDX FedEx Corp. | Reduce -16.3% | 0.26% | −0.12 |
| PFE Pfizer Inc. | Reduce -27.9% | 0.16% | −0.10 |
| GLD SPDR Gold Shares | Reduce -38.7% | 0.13% | −0.10 |
| ABBV Abbvie Inc. | Reduce -18.8% | 0.17% | −0.10 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -8.1% | 0.46% | −0.09 |
| XLY SS Consumer Disc Select Sect | Reduce -6.9% | 0.69% | −0.08 |
| XLP SS Consumer Staples Sel Sect | Reduce -1.2% | 0.41% | −0.07 |
| BAC Bank of America Corp. | Reduce -4.5% | 1.12% | −0.05 |
| HD Home Depot Inc. | Reduce -19.2% | 0.13% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -0.9% | 0.52% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.2% | 0.17% | −0.04 |
| FEZ State Street SPDR Euro Stoxx | Reduce -23.3% | 0.11% | −0.04 |
| IEV iShares Europe ETF | Reduce -49.1% | 0.04% | −0.04 |
| BA The Boeing Co. | Reduce -29.1% | 0.12% | −0.04 |
| NKE Nike Inc. Class B | Reduce -10.2% | 0.27% | −0.04 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.04 |
| EWJ iShares MSCI Japan ETF | Reduce -14.0% | 0.15% | −0.03 |
| RIVN Rivian Automotive Inc. Class A | Sold out | 0.00% | −0.03 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.03 |
| VRN Veren Inc. | Sold out | 0.00% | −0.03 |
| VGK Vanguard Ftse Europe ETF | Reduce -3.8% | 0.35% | −0.02 |
| CDNS Cadence Design SYS Inc. | Reduce -25.6% | 0.09% | −0.02 |
| SHOP Shopify Inc. Class A | Reduce -8.0% | 1.03% | −0.02 |
| AAXJ iShares MSCI All Country Asi | Reduce -10.1% | 0.16% | −0.02 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -7.1% | 0.08% | −0.02 |
| FLOT iShares Floating Rate Bond E | Reduce -14.4% | 0.05% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -22.4% | 0.03% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -4.7% | 0.08% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -9.7% | 0.07% | −0.01 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -16.8% | 0.06% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -7.3% | 0.03% | −0.01 |
| XLK SS Technology Select Sector | Reduce -7.5% | 0.66% | −0.00 |
| VGT Vanguard Info Tech ETF | Reduce -1.8% | 0.59% | +0.03 |
| DIS The Walt Disney Co. | Reduce -6.8% | 1.21% | +0.04 |
| MU Micron Technology Inc. | Reduce -8.9% | 0.74% | +0.09 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 4.13% | +0.11 |
| SMH Vaneck Semiconductor ETF | Reduce -3.6% | 1.22% | +0.13 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.3% | 0.83% | +0.13 |
| GS Goldman Sachs Group Inc. | Reduce -1.7% | 2.36% | +0.26 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +6.2% | 9.40% | +1.81 |
| NVDA Nvidia Corp. | Add +19.8% | 4.12% | +1.44 |
| META Meta Platforms Inc. Class A | Add +4.3% | 6.21% | +0.93 |
| AVGO Broadcom Inc. | Add +12.5% | 1.38% | +0.54 |
| UBER Uber Technologies Inc. | Add +15.4% | 1.19% | +0.27 |
| WMT Walmart Inc. | Add +21.2% | 1.53% | +0.24 |
| AMZN Amazon.com Inc. | Add +1.2% | 8.14% | +0.22 |
| TMUS T-Mobile US Inc. | New | 0.18% | +0.18 |
| MS Morgan Stanley | New | 0.17% | +0.17 |
| NEE Nextera Energy Inc. | New | 0.15% | +0.15 |
| VOO Vanguard S&P 500 ETF | Add +13.2% | 1.25% | +0.12 |
| ETN Eaton Corp. PLC | Add +6.1% | 0.63% | +0.12 |
| CX Cemex Sab-Spons ADR Part Cer | Add +3.7% | 0.99% | +0.11 |
| SPOT Spotify Technology SA | Add +98.8% | 0.18% | +0.11 |
| MDLZ Mondelez International Inc. Class A | New | 0.10% | +0.10 |
| LLY Eli Lilly & Co. | Add +59.5% | 0.38% | +0.09 |
| GOOG Alphabet Inc. Class C | Add +5.1% | 1.67% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | Add +5.6% | 0.92% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +1.0% | 5.72% | +0.08 |
| SLB SLB Ltd. | New | 0.07% | +0.07 |
| MELI MercadoLibre Inc. | Add +0.9% | 0.45% | +0.07 |
| IBIT iShares Bitcoin Trust ETF | New | 0.05% | +0.05 |
| INDA iShares MSCI India ETF | New | 0.05% | +0.05 |
| VTWO Vanguard Russell 2000 ETF | New | 0.04% | +0.04 |
| CVX Chevron Corp. | Add +132.7% | 0.09% | +0.04 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +40.0% | 0.08% | +0.03 |
| FCX Freeport-McMoran Inc. | New | 0.03% | +0.03 |
| FALN iShares Fallen Angels ETF | New | 0.03% | +0.03 |
| EWZ iShares MSCI Brazil ETF | New | 0.03% | +0.03 |
| XLI SS Industrial Select Sector | Add +12.0% | 0.23% | +0.02 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | New | 0.02% | +0.02 |
| MLPX Global X MLP & Energy Infras | New | 0.02% | +0.02 |
| VRSN Verisign Inc. | New | 0.02% | +0.02 |
| GDX Vaneck Gold Miners ETF | Add +34.4% | 0.08% | +0.02 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.02% | +0.02 |
| NOW ServiceNow Inc. | Add +2.3% | 0.11% | +0.02 |
| IEI iShares 3-7 Year Treasury Bo | Add +41.7% | 0.06% | +0.01 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +20.0% | 0.08% | +0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +16.8% | 0.12% | +0.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +13.5% | 0.04% | 0.00 |
| IEF iShares 7-10 Year Treasury B | Add +3.3% | 0.06% | −0.01 |
| TGT Target Corp. | Add +6.6% | 0.05% | −0.01 |
| SHV iShares 0-1 Year Treasury Bo | Add +9.5% | 0.21% | −0.01 |
| DE Deere & Co. | Add +0.5% | 0.20% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +10.9% | 0.23% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Add +7.7% | 0.24% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +4.2% | 0.16% | −0.01 |
| XLE SS Energy Select Sector | Add +21.4% | 0.45% | −0.01 |
| APO Apollo Global Management Inc. | Add +4.4% | 0.34% | −0.02 |
| FMX Fomento Economico Mex-SP ADR | Add +3.6% | 0.44% | −0.02 |
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 |