MMBG Investment Advisors Co.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), MMBG Investment Advisors Co. reported 177 stock positions worth $1.2 billion. Its top holding was Apple (AAPL) at 9.1% of the portfolio, followed by Alphabet Class A (GOOGL, 8.5%) and Microsoft (MSFT, 7.6%). Compared with Q3 2025, it opened 13 new positions, sold out of 15, added to 55 and reduced 46. The biggest buy was iShares 0-1 Year Treasury Bo (SHV, shares +248%) and the biggest sale Constellation Brands Class A (STZ, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001765876
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0001765876-26-000002 ↗ filed Feb 9, 2026
Holdings Value
Holdings 177 stocks · $1.2B
| AAPL Apple Inc. | 9.08% | 396,540 | $107.8M | Reduce -1.8% |
| GOOGL Alphabet Inc. Class A | 8.49% | 322,143 | $100.8M | Reduce -2.1% |
| MSFT Microsoft Corp. | 7.62% | 187,190 | $90.5M | Add +0.5% |
| AMZN Amazon.com Inc. | 7.41% | 381,345 | $88.0M | Reduce -0.7% |
| BWMX Betterware DE Mexico Sapi DE | 4.88% | 4,076,421 | $57.9M | Reduce -0.6% |
| META Meta Platforms Inc. Class A | 4.58% | 82,470 | $54.4M | Add +1.5% |
| NVDA Nvidia Corp. | 4.03% | 256,377 | $47.8M | Add +1.8% |
| JPM JPMorgan Chase & Co. | 3.86% | 142,327 | $45.9M | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 2.98% | 112,763 | $35.4M | Reduce -0.6% |
| GS Goldman Sachs Group Inc. | 2.60% | 35,198 | $30.9M | Add +2.8% |
| XLV SS Health Care Select Sector | 2.23% | 171,009 | $26.5M | Reduce -14.3% |
| CRM Salesforce Inc. | 1.65% | 73,716 | $19.6M | Reduce -7.4% |
| WMT Walmart Inc. | 1.58% | 168,056 | $18.8M | No change |
| AVGO Broadcom Inc. | 1.47% | 50,475 | $17.5M | Reduce -4.6% |
| V Visa Inc. Class A | 1.35% | 45,641 | $16.0M | No change |
| CX Cemex Sab-Spons ADR Part Cer | 1.32% | 1,359,427 | $15.6M | Reduce -2.2% |
| MU Micron Technology Inc. | 1.31% | 54,523 | $15.6M | Reduce -7.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.29% | 22,403 | $15.3M | Add +16.6% |
| SMH Vaneck Semiconductor ETF | 1.22% | 40,148 | $14.5M | Reduce -2.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.09% | 42,323 | $12.9M | Add +5.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.06% | 228,766 | $12.6M | Reduce -4.0% |
| SHOP Shopify Inc. Class A | 1.05% | 77,748 | $12.5M | Reduce -2.4% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 1.05% | 162,625 | $12.4M | Reduce -1.6% |
| VOO Vanguard S&P 500 ETF | 0.88% | 16,728 | $10.5M | Reduce -2.9% |
| UBER Uber Technologies Inc. | 0.86% | 124,567 | $10.2M | Add +3.2% |
| XLF SS Financial Select Sector | 0.85% | 184,443 | $10.1M | Add +4.7% |
| TMO Thermo Fisher Scientific Inc. | 0.79% | 16,105 | $9.3M | Add +5.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.77% | 14,869 | $9.1M | Reduce -7.3% |
| LLY Eli Lilly & Co. | 0.76% | 8,377 | $9.0M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.63% | 8,708 | $7.5M | Add +35.9% |
| ETN Eaton Corp. PLC | 0.63% | 23,567 | $7.5M | Add +0.6% |
| SHV iShares 0-1 Year Treasury Bo | 0.63% | 67,560 | $7.4M | Add +248.3% |
| XLK SS Technology Select Sector | 0.60% | 49,552 | $7.1M | Add +3.8% |
| BABA Alibaba Group Holding-SP ADR | 0.60% | 48,415 | $7.1M | Reduce -6.3% |
| XLY SS Consumer Disc Select Sect | 0.58% | 57,626 | $6.9M | Reduce -4.6% |
| IBB iShares Biotechnology ETF | 0.54% | 38,107 | $6.4M | Reduce -2.8% |
| UNH Unitedhealth Group Inc. | 0.51% | 18,346 | $6.1M | Add +0.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.47% | 49,202 | $5.6M | Reduce -31.0% |
| VGT Vanguard Info Tech ETF | 0.46% | 7,320 | $5.5M | Reduce -17.3% |
| DHR Danaher Corp. | 0.46% | 23,770 | $5.4M | Add +3.3% |
| RTX RTX Corp. | 0.45% | 28,885 | $5.3M | Reduce -3.3% |
| DXJ Wisdomtree Japan Hedged Eq | 0.43% | 35,417 | $5.1M | Reduce -12.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 9,469 | $4.8M | Add +59.4% |
| SBUX Starbucks Corp. | 0.40% | 55,907 | $4.7M | Reduce -6.8% |
| MCD McDonald's Corp. | 0.38% | 14,644 | $4.5M | No change |
| FMX Fomento Economico Mex-SP ADR | 0.37% | 43,578 | $4.4M | No change |
| MELI MercadoLibre Inc. | 0.37% | 2,180 | $4.4M | Add +21.6% |
| NFLX Netflix Inc. | 0.35% | 44,410 | $4.2M | Add +1641.6% |
| APO Apollo Global Management Inc. | 0.34% | 28,209 | $4.1M | Add +16.4% |
| VGK Vanguard Ftse Europe ETF | 0.33% | 47,196 | $3.9M | Add +3.2% |
| XLP SS Consumer Staples Sel Sect | 0.33% | 50,602 | $3.9M | No change |
| ABBV Abbvie Inc. | 0.33% | 17,142 | $3.9M | Add +0.2% |
| XLE SS Energy Select Sector | 0.32% | 84,220 | $3.8M | No change |
| NOW ServiceNow Inc. | 0.32% | 24,475 | $3.7M | Add +97.1% |
| SHY iShares 1-3 Year Treasury Bo | 0.30% | 43,184 | $3.6M | Add +35.8% |
| IAU iShares Gold Trust | 0.29% | 42,900 | $3.5M | No change |
| IYW iShares Ustechnology ETF | 0.26% | 15,206 | $3.0M | Reduce -18.6% |
| CDRO Codere Online Luxembourg SA | 0.25% | 366,325 | $2.9M | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.22% | 28,379 | $2.6M | Add +82.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.22% | 2,394 | $2.6M | Add +29.3% |
| XLI SS Industrial Select Sector | 0.21% | 15,885 | $2.5M | Reduce -0.8% |
| MRK Merck & Co. Inc. | 0.20% | 22,563 | $2.4M | No change |
| SPGI S&P Global Inc. | 0.20% | 4,575 | $2.4M | No change |
| FDX FedEx Corp. | 0.20% | 8,212 | $2.4M | Reduce -23.8% |
| IYJ iShares U.S. Industrials ETF | 0.19% | 15,600 | $2.3M | No change |
| GLD SPDR Gold Shares | 0.19% | 5,815 | $2.3M | Reduce -14.7% |
| SPOT Spotify Technology SA | 0.19% | 3,954 | $2.3M | Add +63.5% |
| PFF iShares Preferred & Income S | 0.19% | 73,205 | $2.3M | Add +116.9% |
| IEI iShares 3-7 Year Treasury Bo | 0.19% | 18,860 | $2.3M | Add +149.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.18% | 27,493 | $2.2M | Add +38.1% |
| IEMG iShares Core MSCI Emerging | 0.18% | 31,550 | $2.1M | Add +19.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.18% | 39,562 | $2.1M | Add +49.7% |
| AMGN Amgen Inc. | 0.17% | 6,044 | $2.0M | Reduce -0.9% |
| IVV iShares Core S&P 500 ETF | 0.16% | 2,774 | $1.9M | No change |
| B Barrick Mining Corp. | 0.16% | 43,454 | $1.9M | Add +0.6% |
| IYF iShares US Financials ETF | 0.16% | 14,501 | $1.9M | No change |
| IYH iShares U.S. Healthcare ETF | 0.15% | 28,270 | $1.8M | No change |
| ORCL Oracle Corp. | 0.15% | 9,381 | $1.8M | Add +21.2% |
| BA The Boeing Co. | 0.15% | 8,235 | $1.8M | Add +41.3% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.15% | 13,785 | $1.8M | New |
| MA Mastercard Inc. Class A | 0.15% | 3,030 | $1.7M | No change |
| EWJ iShares MSCI Japan ETF | 0.14% | 20,402 | $1.6M | Add +21.9% |
| PANW Palo Alto Networks Inc. | 0.14% | 8,888 | $1.6M | Add +6.6% |
| IJH iShares Core S&P Midcap ETF | 0.14% | 24,570 | $1.6M | No change |
| AAXJ iShares MSCI All Country Asi | 0.13% | 16,360 | $1.5M | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.13% | 29,755 | $1.5M | Reduce -5.9% |
| GDX Vaneck Gold Miners ETF | 0.12% | 16,815 | $1.4M | Add +5.0% |
| USIG iShares Broad Usd Investment | 0.12% | 27,795 | $1.4M | No change |
| NKE Nike Inc. Class B | 0.12% | 22,017 | $1.4M | Reduce -37.4% |
| EZU iShares MSCI Eurozone ETF | 0.11% | 21,235 | $1.4M | No change |
| FEZ State Street SPDR Euro Stoxx | 0.11% | 20,809 | $1.3M | Add +12.8% |
| DE Deere & Co. | 0.11% | 2,720 | $1.3M | Reduce -32.5% |
| IBIT iShares Bitcoin Trust ETF | 0.09% | 22,666 | $1.1M | Add +28.1% |
| STWD Starwood Property Trust Inc. | 0.09% | 55,725 | $1.0M | No change |
| HD Home Depot Inc. | 0.09% | 2,965 | $1.0M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.09% | 2,163 | $1.0M | No change |
| FCX Freeport-McMoran Inc. | 0.08% | 19,865 | $1.0M | No change |
| VGSH Vanguard Short-Term Treasury | 0.08% | 16,615 | $976K | No change |
| WM Waste Management Inc. | 0.08% | 4,260 | $936K | No change |
| CDNS Cadence Design SYS Inc. | 0.08% | 2,990 | $935K | Add +3.7% |
Portfolio Sells Q3 2025 → Q4 2025
| STZ Constellation Brands Inc. Class A | Reduce -86.0% | 0.04% | −0.28 |
| DIS The Walt Disney Co. | Reduce -31.0% | 0.47% | −0.25 |
| XLV SS Health Care Select Sector | Reduce -14.3% | 2.23% | −0.23 |
| BABA Alibaba Group Holding-SP ADR | Reduce -6.3% | 0.60% | −0.22 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Reduce -1.6% | 1.05% | −0.20 |
| JPM JPMorgan Chase & Co. | Reduce -1.8% | 3.86% | −0.19 |
| MS Morgan Stanley | Sold out | 0.00% | −0.17 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.16 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.15 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.14 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.14 |
| VGT Vanguard Info Tech ETF | Reduce -17.3% | 0.46% | −0.12 |
| NKE Nike Inc. Class B | Reduce -37.4% | 0.12% | −0.10 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -7.3% | 0.77% | −0.08 |
| IYT iShares US Transportation Et | Reduce -52.9% | 0.07% | −0.08 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.08 |
| AVGO Broadcom Inc. | Reduce -4.6% | 1.47% | −0.07 |
| IYW iShares Ustechnology ETF | Reduce -18.6% | 0.26% | −0.07 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.07 |
| PFE Pfizer Inc. | Reduce -41.3% | 0.08% | −0.06 |
| XLY SS Consumer Disc Select Sect | Reduce -4.6% | 0.58% | −0.06 |
| DE Deere & Co. | Reduce -32.5% | 0.11% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -0.7% | 7.41% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -2.9% | 0.88% | −0.05 |
| SBUX Starbucks Corp. | Reduce -6.8% | 0.40% | −0.05 |
| MMM 3M Co. | Sold out | 0.00% | −0.05 |
| URA Global X Uranium ETF | Sold out | 0.00% | −0.04 |
| FLOT iShares Floating Rate Bond E | Sold out | 0.00% | −0.04 |
| TGT Target Corp. | Sold out | 0.00% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -53.8% | 0.03% | −0.04 |
| EWG iShares MSCI Germany ETF | Sold out | 0.00% | −0.03 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.03 |
| BAC Bank of America Corp. | Reduce -4.0% | 1.06% | −0.03 |
| AAPL Apple Inc. | Reduce -1.8% | 9.08% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -5.9% | 0.13% | −0.03 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -12.3% | 0.43% | −0.03 |
| CRM Salesforce Inc. | Reduce -7.4% | 1.65% | −0.03 |
| FDX FedEx Corp. | Reduce -23.8% | 0.20% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Reduce -57.3% | 0.02% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -29.2% | 0.03% | −0.02 |
| CVX Chevron Corp. | Reduce -20.7% | 0.06% | −0.02 |
| GLD SPDR Gold Shares | Reduce -14.7% | 0.19% | −0.02 |
| SHLD Global X Defense Tech ETF | Sold out | 0.00% | −0.02 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.02 |
| SNOW Snowflake Inc. | Reduce -22.3% | 0.04% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -33.3% | 0.02% | −0.01 |
| XLI SS Industrial Select Sector | Reduce -0.8% | 0.21% | −0.01 |
| BWMX Betterware DE Mexico Sapi DE | Reduce -0.6% | 4.88% | −0.01 |
| JNJ Johnson & Johnson | Reduce -18.2% | 0.05% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Reduce -7.3% | 0.04% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| SHV iShares 0-1 Year Treasury Bo | Add +248.3% | 0.63% | +0.44 |
| NFLX Netflix Inc. | Add +1641.6% | 0.35% | +0.32 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.76% | +0.19 |
| GS Goldman Sachs Group Inc. | Add +2.8% | 2.60% | +0.19 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +16.6% | 1.29% | +0.15 |
| DSI iShares ESG MSCI KLD 400 ETF | New | 0.15% | +0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +59.4% | 0.40% | +0.14 |
| TMO Thermo Fisher Scientific Inc. | Add +5.6% | 0.79% | +0.13 |
| AZN Astrazeneca PLC-Spons ADR | Add +82.9% | 0.22% | +0.11 |
| NOW ServiceNow Inc. | Add +97.1% | 0.32% | +0.11 |
| IEI iShares 3-7 Year Treasury Bo | Add +149.1% | 0.19% | +0.11 |
| COST Costco Wholesale Corp. | Add +35.9% | 0.63% | +0.11 |
| PFF iShares Preferred & Income S | Add +116.9% | 0.19% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | Add +5.0% | 1.09% | +0.09 |
| SUSA iShares ESG Optimized MSCI U | New | 0.07% | +0.07 |
| SHY iShares 1-3 Year Treasury Bo | Add +35.8% | 0.30% | +0.07 |
| APO Apollo Global Management Inc. | Add +16.4% | 0.34% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | Add +29.3% | 0.22% | +0.06 |
| DHR Danaher Corp. | Add +3.3% | 0.46% | +0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +49.7% | 0.18% | +0.05 |
| OBDC Blue Owl Capital Corp. | New | 0.05% | +0.05 |
| SPOT Spotify Technology SA | Add +63.5% | 0.19% | +0.04 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +38.1% | 0.18% | +0.04 |
| GRAB Grab Holdings Ltd. Class A | New | 0.04% | +0.04 |
| BA The Boeing Co. | Add +41.3% | 0.15% | +0.04 |
| ANGX Angel Studios Inc. | New | 0.04% | +0.04 |
| FDN First Trust DJ Internet Ind | Add +151.5% | 0.06% | +0.03 |
| B Barrick Mining Corp. | Add +0.6% | 0.16% | +0.03 |
| FDL First Trust Morn DVD Lead Inc. | New | 0.03% | +0.03 |
| IETC iShares U.S. Tech Independen | New | 0.03% | +0.03 |
| EUAD Select Stoxx Eur Aer DE ETF | New | 0.03% | +0.03 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +126.8% | 0.05% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.02% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +19.6% | 0.18% | +0.02 |
| GEV GE Vernova Inc. | Add +48.9% | 0.07% | +0.02 |
| EWJ iShares MSCI Japan ETF | Add +21.9% | 0.14% | +0.02 |
| KO The Coca-Cola Co. | New | 0.02% | +0.02 |
| SE Sea Ltd.-ADR | New | 0.02% | +0.02 |
| BIIB Biogen Inc. | New | 0.02% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +66.4% | 0.05% | +0.02 |
| AIQ Global X Art Intel & Tech | New | 0.02% | +0.02 |
| GDX Vaneck Gold Miners ETF | Add +5.0% | 0.12% | +0.01 |
| FEZ State Street SPDR Euro Stoxx | Add +12.8% | 0.11% | +0.01 |
| XLF SS Financial Select Sector | Add +4.7% | 0.85% | +0.01 |
| VGK Vanguard Ftse Europe ETF | Add +3.2% | 0.33% | +0.01 |
| CIBR First Trust Nasdaq Cybersecu | Add +31.7% | 0.05% | +0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +25.2% | 0.05% | +0.01 |
| TSLA Tesla Inc. | Add +18.0% | 0.06% | +0.01 |
| MINT PIMCO Enhanced Short Maturit | Add +33.6% | 0.03% | +0.01 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +9.8% | 0.06% | +0.00 |
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 |