MMBG Investment Advisors Co.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), MMBG Investment Advisors Co. reported 179 stock positions worth $1.1 billion. Its top holding was Apple (AAPL) at 9.1% of the portfolio, followed by Microsoft (MSFT, 8.5%) and Amazon.com (AMZN, 7.5%). Compared with Q2 2025, it opened 9 new positions, sold out of 8, added to 45 and reduced 52. The biggest buy was Alphabet Class A (GOOGL, shares +1%) and the biggest sale Meta Platforms Class A (META, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001765876
- Portfolio Value
- $1.1B (Q3 2025)
- SEC Filing
- 0001765876-25-000007 ↗ filed Nov 7, 2025
Holdings Value
Holdings 179 stocks · $1.1B
| AAPL Apple Inc. | 9.10% | 403,919 | $102.8M | Reduce -3.5% |
| MSFT Microsoft Corp. | 8.54% | 186,271 | $96.5M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 7.46% | 384,030 | $84.3M | Add +3.0% |
| GOOGL Alphabet Inc. Class A | 7.08% | 328,916 | $80.0M | Add +0.9% |
| META Meta Platforms Inc. Class A | 5.28% | 81,249 | $59.7M | Reduce -3.9% |
| BWMX Betterware DE Mexico Sapi DE | 4.88% | 4,102,421 | $55.2M | Reduce -1.0% |
| NVDA Nvidia Corp. | 4.16% | 251,963 | $47.0M | Reduce -3.8% |
| JPM JPMorgan Chase & Co. | 4.05% | 144,907 | $45.7M | Add +1.2% |
| XLV SS Health Care Select Sector | 2.46% | 199,494 | $27.8M | Add +0.3% |
| GOOG Alphabet Inc. Class C | 2.45% | 113,433 | $27.6M | Add +19.7% |
| GS Goldman Sachs Group Inc. | 2.41% | 34,248 | $27.3M | Add +2.2% |
| CRM Salesforce Inc. | 1.67% | 79,627 | $18.9M | Add +8.2% |
| AVGO Broadcom Inc. | 1.55% | 52,902 | $17.5M | Add +4.9% |
| WMT Walmart Inc. | 1.53% | 168,056 | $17.3M | Add +6.8% |
| V Visa Inc. Class A | 1.38% | 45,641 | $15.6M | Add +3.5% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 1.25% | 165,285 | $14.1M | Reduce -6.0% |
| SMH Vaneck Semiconductor ETF | 1.19% | 41,113 | $13.4M | Reduce -6.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.14% | 19,219 | $12.8M | Reduce -8.8% |
| CX Cemex Sab-Spons ADR Part Cer | 1.11% | 1,389,427 | $12.5M | Reduce -3.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.09% | 238,413 | $12.3M | Add +0.5% |
| SHOP Shopify Inc. Class A | 1.05% | 79,688 | $11.8M | Reduce -11.3% |
| UBER Uber Technologies Inc. | 1.05% | 120,676 | $11.8M | Reduce -5.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.00% | 40,305 | $11.3M | Add +9.5% |
| VOO Vanguard S&P 500 ETF | 0.94% | 17,232 | $10.6M | Reduce -21.6% |
| MU Micron Technology Inc. | 0.88% | 59,218 | $9.9M | Reduce -1.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.85% | 16,036 | $9.6M | Reduce -4.2% |
| XLF SS Financial Select Sector | 0.84% | 176,219 | $9.5M | Reduce -11.5% |
| BABA Alibaba Group Holding-SP ADR | 0.82% | 51,699 | $9.2M | Reduce -2.1% |
| ETN Eaton Corp. PLC | 0.78% | 23,417 | $8.8M | Add +31.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.72% | 71,335 | $8.2M | Reduce -26.9% |
| TMO Thermo Fisher Scientific Inc. | 0.66% | 15,251 | $7.4M | No change |
| XLY SS Consumer Disc Select Sect | 0.64% | 30,213 | $7.2M | Reduce -5.9% |
| XLK SS Technology Select Sector | 0.60% | 23,881 | $6.7M | Reduce -9.2% |
| VGT Vanguard Info Tech ETF | 0.58% | 8,850 | $6.6M | Reduce -0.4% |
| LLY Eli Lilly & Co. | 0.57% | 8,369 | $6.4M | Add +73.0% |
| UNH Unitedhealth Group Inc. | 0.56% | 18,243 | $6.3M | Add +20.8% |
| COST Costco Wholesale Corp. | 0.53% | 6,409 | $5.9M | Add +20.8% |
| IBB iShares Biotechnology ETF | 0.50% | 39,199 | $5.7M | Reduce -7.4% |
| DXJ Wisdomtree Japan Hedged Eq | 0.46% | 40,377 | $5.2M | No change |
| SBUX Starbucks Corp. | 0.45% | 60,017 | $5.1M | Reduce -4.8% |
| RTX RTX Corp. | 0.44% | 29,870 | $5.0M | Add +0.3% |
| DHR Danaher Corp. | 0.40% | 23,010 | $4.6M | Add +0.0% |
| MCD McDonald's Corp. | 0.39% | 14,644 | $4.5M | No change |
| FMX Fomento Economico Mex-SP ADR | 0.38% | 43,578 | $4.3M | Add +0.8% |
| MELI MercadoLibre Inc. | 0.37% | 1,793 | $4.2M | Add +3.8% |
| XLP SS Consumer Staples Sel Sect | 0.35% | 50,602 | $4.0M | No change |
| ABBV Abbvie Inc. | 0.35% | 17,115 | $4.0M | Add +88.9% |
| XLE SS Energy Select Sector | 0.33% | 42,110 | $3.8M | Reduce -20.9% |
| IYW iShares Ustechnology ETF | 0.32% | 18,685 | $3.7M | Reduce -22.3% |
| VGK Vanguard Ftse Europe ETF | 0.32% | 45,733 | $3.6M | Reduce -0.2% |
| STZ Constellation Brands Inc. Class A | 0.32% | 26,751 | $3.6M | Reduce -18.9% |
| APO Apollo Global Management Inc. | 0.29% | 24,239 | $3.2M | No change |
| IAU iShares Gold Trust | 0.28% | 42,900 | $3.1M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.26% | 5,939 | $3.0M | Add +69.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.23% | 31,804 | $2.6M | Add +8.3% |
| FDX FedEx Corp. | 0.23% | 10,777 | $2.6M | Reduce -7.0% |
| CDRO Codere Online Luxembourg SA | 0.22% | 366,325 | $2.5M | Add +23.9% |
| XLI SS Industrial Select Sector | 0.22% | 16,010 | $2.5M | Add +1.9% |
| NKE Nike Inc. Class B | 0.22% | 35,160 | $2.5M | Reduce -7.0% |
| GLD SPDR Gold Shares | 0.21% | 6,815 | $2.4M | Add +58.7% |
| NOW ServiceNow Inc. | 0.20% | 2,484 | $2.3M | Add +123.8% |
| IYJ iShares U.S. Industrials ETF | 0.20% | 15,600 | $2.3M | No change |
| SPGI S&P Global Inc. | 0.20% | 4,575 | $2.2M | No change |
| ORCL Oracle Corp. | 0.19% | 7,738 | $2.2M | Add +53.8% |
| SHV iShares 0-1 Year Treasury Bo | 0.19% | 19,400 | $2.1M | Reduce -0.0% |
| MS Morgan Stanley | 0.17% | 12,065 | $1.9M | No change |
| MRK Merck & Co. Inc. | 0.17% | 22,563 | $1.9M | No change |
| IVV iShares Core S&P 500 ETF | 0.16% | 2,774 | $1.9M | Reduce -5.1% |
| DE Deere & Co. | 0.16% | 4,030 | $1.8M | No change |
| IYF iShares US Financials ETF | 0.16% | 14,501 | $1.8M | Reduce -7.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.16% | 1,852 | $1.8M | Add +146.9% |
| TMUS T-Mobile US Inc. | 0.16% | 7,400 | $1.8M | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.16% | 31,632 | $1.8M | Reduce -4.9% |
| IEMG iShares Core MSCI Emerging | 0.15% | 26,387 | $1.7M | Add +2.9% |
| MA Mastercard Inc. Class A | 0.15% | 3,030 | $1.7M | New |
| AMGN Amgen Inc. | 0.15% | 6,102 | $1.7M | No change |
| IYT iShares US Transportation Et | 0.15% | 23,940 | $1.7M | No change |
| PANW Palo Alto Networks Inc. | 0.15% | 8,338 | $1.7M | Add +2.2% |
| SPOT Spotify Technology SA | 0.15% | 2,419 | $1.7M | Add +1.4% |
| NEE Nextera Energy Inc. | 0.15% | 22,355 | $1.7M | No change |
| IYH iShares U.S. Healthcare ETF | 0.15% | 28,270 | $1.7M | Reduce -2.9% |
| SLV iShares Silver Trust | 0.14% | 38,405 | $1.6M | New |
| IJH iShares Core S&P Midcap ETF | 0.14% | 24,570 | $1.6M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.14% | 19,903 | $1.6M | No change |
| ISRG Intuitive Surgical Inc. | 0.14% | 3,555 | $1.6M | New |
| PFE Pfizer Inc. | 0.14% | 61,135 | $1.6M | Reduce -5.6% |
| AAXJ iShares MSCI All Country Asi | 0.13% | 16,360 | $1.5M | Reduce -17.9% |
| USIG iShares Broad Usd Investment | 0.13% | 27,795 | $1.5M | No change |
| B Barrick Mining Corp. | 0.13% | 43,200 | $1.4M | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.12% | 26,432 | $1.4M | Add +17.1% |
| EWJ iShares MSCI Japan ETF | 0.12% | 16,741 | $1.3M | Reduce -19.1% |
| EZU iShares MSCI Eurozone ETF | 0.12% | 21,235 | $1.3M | Reduce -13.8% |
| BA The Boeing Co. | 0.11% | 5,830 | $1.3M | No change |
| GDX Vaneck Gold Miners ETF | 0.11% | 16,020 | $1.2M | No change |
| HD Home Depot Inc. | 0.11% | 2,965 | $1.2M | Reduce -18.1% |
| AZN Astrazeneca PLC-Spons ADR | 0.11% | 15,519 | $1.2M | Add +11.8% |
| IBIT iShares Bitcoin Trust ETF | 0.10% | 17,692 | $1.1M | Add +99.4% |
| FEZ State Street SPDR Euro Stoxx | 0.10% | 18,452 | $1.1M | Add +2.3% |
| STWD Starwood Property Trust Inc. | 0.10% | 55,725 | $1.1M | Reduce -4.9% |
| PFF iShares Preferred & Income S | 0.09% | 33,755 | $1.1M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | Reduce -3.9% | 5.28% | −0.93 |
| MSFT Microsoft Corp. | Reduce -1.9% | 8.54% | −0.86 |
| DIS The Walt Disney Co. | Reduce -26.9% | 0.72% | −0.49 |
| VOO Vanguard S&P 500 ETF | Reduce -21.6% | 0.94% | −0.31 |
| STZ Constellation Brands Inc. Class A | Reduce -18.9% | 0.32% | −0.21 |
| XLF SS Financial Select Sector | Reduce -11.5% | 0.84% | −0.20 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.8% | 1.14% | −0.16 |
| UBER Uber Technologies Inc. | Reduce -5.7% | 1.05% | −0.14 |
| SBUX Starbucks Corp. | Reduce -4.8% | 0.45% | −0.13 |
| XLE SS Energy Select Sector | Reduce -20.9% | 0.33% | −0.12 |
| IYW iShares Ustechnology ETF | Reduce -22.3% | 0.32% | −0.09 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -4.9% | 0.16% | −0.07 |
| XLK SS Technology Select Sector | Reduce -9.2% | 0.60% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -4.2% | 0.85% | −0.07 |
| XLY SS Consumer Disc Select Sect | Reduce -5.9% | 0.64% | −0.05 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.05 |
| NKE Nike Inc. Class B | Reduce -7.0% | 0.22% | −0.05 |
| VTWO Vanguard Russell 2000 ETF | Sold out | 0.00% | −0.04 |
| FDX FedEx Corp. | Reduce -7.0% | 0.23% | −0.04 |
| IHI iShares U.S. Medical Devices | Reduce -29.4% | 0.06% | −0.04 |
| EWJ iShares MSCI Japan ETF | Reduce -19.1% | 0.12% | −0.04 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.04 |
| IBB iShares Biotechnology ETF | Reduce -7.4% | 0.50% | −0.03 |
| AAXJ iShares MSCI All Country Asi | Reduce -17.9% | 0.13% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -21.2% | 0.05% | −0.03 |
| VGK Vanguard Ftse Europe ETF | Reduce -0.2% | 0.32% | −0.03 |
| EZU iShares MSCI Eurozone ETF | Reduce -13.8% | 0.12% | −0.03 |
| SMH Vaneck Semiconductor ETF | Reduce -6.2% | 1.19% | −0.03 |
| IYF iShares US Financials ETF | Reduce -7.6% | 0.16% | −0.03 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.03 |
| HD Home Depot Inc. | Reduce -18.1% | 0.11% | −0.03 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −0.03 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -33.7% | 0.05% | −0.02 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -0.0% | 0.19% | −0.02 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Sold out | 0.00% | −0.02 |
| STWD Starwood Property Trust Inc. | Reduce -4.9% | 0.10% | −0.02 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.02 |
| UL Unilever PLC | Sold out | 0.00% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -26.2% | 0.05% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -0.2% | 0.04% | −0.02 |
| PFE Pfizer Inc. | Reduce -5.6% | 0.14% | −0.02 |
| CVS CVS Health Corp. | Reduce -18.4% | 0.07% | −0.02 |
| IYH iShares U.S. Healthcare ETF | Reduce -2.9% | 0.15% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -5.1% | 0.16% | −0.02 |
| ONON On Holding AG Class A | Reduce -4.0% | 0.03% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -28.9% | 0.02% | −0.01 |
| SNOW Snowflake Inc. | Reduce -2.6% | 0.05% | −0.01 |
| MINT PIMCO Enhanced Short Maturit | Reduce -11.6% | 0.02% | −0.01 |
| LVS Las Vegas Sands Corp. | Reduce -14.3% | 0.07% | −0.00 |
| VGT Vanguard Info Tech ETF | Reduce -0.4% | 0.58% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +0.9% | 7.08% | +1.36 |
| GOOG Alphabet Inc. Class C | Add +19.7% | 2.45% | +0.77 |
| IAU iShares Gold Trust | New | 0.28% | +0.28 |
| LLY Eli Lilly & Co. | Add +73.0% | 0.57% | +0.19 |
| ABBV Abbvie Inc. | Add +88.9% | 0.35% | +0.18 |
| TSM Taiwan Semiconductor-SP ADR | Add +9.5% | 1.00% | +0.17 |
| AVGO Broadcom Inc. | Add +4.9% | 1.55% | +0.16 |
| MA Mastercard Inc. Class A | New | 0.15% | +0.15 |
| SLV iShares Silver Trust | New | 0.14% | +0.14 |
| ETN Eaton Corp. PLC | Add +31.1% | 0.78% | +0.14 |
| ISRG Intuitive Surgical Inc. | New | 0.14% | +0.14 |
| ASML ASML Holding NV-NY Reg SHS | Add +146.9% | 0.16% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +69.5% | 0.26% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +20.8% | 0.56% | +0.09 |
| NOW ServiceNow Inc. | Add +123.8% | 0.20% | +0.09 |
| GLD SPDR Gold Shares | Add +58.7% | 0.21% | +0.08 |
| ORCL Oracle Corp. | Add +53.8% | 0.19% | +0.08 |
| GS Goldman Sachs Group Inc. | Add +2.2% | 2.41% | +0.05 |
| IBIT iShares Bitcoin Trust ETF | Add +99.4% | 0.10% | +0.05 |
| URA Global X Uranium ETF | New | 0.04% | +0.04 |
| FCX Freeport-McMoran Inc. | Add +185.4% | 0.07% | +0.04 |
| NFLX Netflix Inc. | New | 0.03% | +0.03 |
| IEI iShares 3-7 Year Treasury Bo | Add +61.4% | 0.08% | +0.02 |
| MUB iShares National Muni Bond E | New | 0.02% | +0.02 |
| SHLD Global X Defense Tech ETF | New | 0.02% | +0.02 |
| REGN Regeneron Pharmaceuticals | New | 0.02% | +0.02 |
| IEF iShares 7-10 Year Treasury B | Add +32.2% | 0.07% | +0.01 |
| RTX RTX Corp. | Add +0.3% | 0.44% | +0.01 |
| AZN Astrazeneca PLC-Spons ADR | Add +11.8% | 0.11% | +0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +17.1% | 0.12% | +0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +29.7% | 0.02% | +0.00 |
| FALN iShares Fallen Angels ETF | Add +22.7% | 0.03% | +0.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +20.9% | 0.04% | +0.00 |
| COST Costco Wholesale Corp. | Add +20.8% | 0.53% | +0.00 |
| WMT Walmart Inc. | Add +6.8% | 1.53% | +0.00 |
| IEMG iShares Core MSCI Emerging | Add +2.9% | 0.15% | +0.00 |
| EFA iShares MSCI Eafe ETF | Add +9.7% | 0.03% | +0.00 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +4.2% | 0.07% | −0.01 |
| FEZ State Street SPDR Euro Stoxx | Add +2.3% | 0.10% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Add +8.3% | 0.23% | −0.01 |
| XLI SS Industrial Select Sector | Add +1.9% | 0.22% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.1% | 0.09% | −0.02 |
| PANW Palo Alto Networks Inc. | Add +2.2% | 0.15% | −0.02 |
| CDRO Codere Online Luxembourg SA | Add +23.9% | 0.22% | −0.03 |
| BAC Bank of America Corp. | Add +0.5% | 1.09% | −0.03 |
| SPOT Spotify Technology SA | Add +1.4% | 0.15% | −0.03 |
| DHR Danaher Corp. | Add +0.0% | 0.40% | −0.05 |
| FMX Fomento Economico Mex-SP ADR | Add +0.8% | 0.38% | −0.06 |
| MELI MercadoLibre Inc. | Add +3.8% | 0.37% | −0.08 |
| JPM JPMorgan Chase & Co. | Add +1.2% | 4.05% | −0.09 |
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 |