MMBG Investment Advisors Co.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 30, 2026), MMBG Investment Advisors Co. reported 172 stock positions worth $1.1 billion. Its top holding was Apple (AAPL) at 9.3% of the portfolio, followed by Alphabet Class A (GOOGL, 8.5%) and Amazon.com (AMZN, 7.6%). Compared with Q4 2025, it opened 5 new positions, sold out of 10, added to 39 and reduced 55. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +8%) and the biggest sale an exit from Tencent Holdings Ltd.-Uns ADR (TCEHY).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001765876
- Portfolio Value
- $1.1B (Q1 2026)
- SEC Filing
- 0001765876-26-000003 ↗ filed Apr 30, 2026
Holdings Value
Holdings 172 stocks · $1.1B
| AAPL Apple Inc. | 9.27% | 397,484 | $100.9M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 8.46% | 320,353 | $92.1M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 7.57% | 395,732 | $82.4M | Add +3.8% |
| MSFT Microsoft Corp. | 6.65% | 195,632 | $72.4M | Add +4.5% |
| BWMX Betterware DE Mexico Sapi DE | 5.31% | 3,429,352 | $57.8M | Reduce -15.9% |
| META Meta Platforms Inc. Class A | 4.46% | 84,780 | $48.5M | Add +2.8% |
| NVDA Nvidia Corp. | 4.23% | 264,310 | $46.1M | Add +3.1% |
| JPM JPMorgan Chase & Co. | 3.89% | 144,021 | $42.4M | Add +1.2% |
| GOOG Alphabet Inc. Class C | 2.96% | 112,228 | $32.2M | Reduce -0.5% |
| GS Goldman Sachs Group Inc. | 2.80% | 36,088 | $30.5M | Add +2.5% |
| XLV SS Health Care Select Sector | 2.30% | 170,600 | $25.0M | Reduce -0.2% |
| WMT Walmart Inc. | 1.90% | 166,151 | $20.7M | Reduce -1.1% |
| AVGO Broadcom Inc. | 1.55% | 54,532 | $16.9M | Add +8.0% |
| TSM Taiwan Semiconductor-SP ADR | 1.42% | 45,545 | $15.4M | Add +7.6% |
| SMH Vaneck Semiconductor ETF | 1.38% | 39,263 | $15.1M | Reduce -2.2% |
| MU Micron Technology Inc. | 1.33% | 42,910 | $14.5M | Reduce -21.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.29% | 21,454 | $14.0M | Reduce -4.2% |
| V Visa Inc. Class A | 1.26% | 45,317 | $13.7M | Reduce -0.7% |
| CRM Salesforce Inc. | 1.05% | 61,381 | $11.5M | Reduce -16.7% |
| XLF SS Financial Select Sector | 0.99% | 218,768 | $10.8M | Add +18.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.98% | 219,808 | $10.7M | Reduce -3.9% |
| CX Cemex Sab-Spons ADR Part Cer | 0.98% | 929,427 | $10.6M | Reduce -31.6% |
| VOO Vanguard S&P 500 ETF | 0.93% | 16,876 | $10.1M | Add +0.9% |
| UBER Uber Technologies Inc. | 0.87% | 131,857 | $9.5M | Add +5.8% |
| SHOP Shopify Inc. Class A | 0.85% | 77,735 | $9.2M | Reduce -0.0% |
| COST Costco Wholesale Corp. | 0.80% | 8,699 | $8.7M | Reduce -0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.79% | 14,824 | $8.6M | Reduce -0.3% |
| ETN Eaton Corp. PLC | 0.77% | 23,567 | $8.4M | No change |
| LLY Eli Lilly & Co. | 0.76% | 8,947 | $8.2M | Add +6.8% |
| TMO Thermo Fisher Scientific Inc. | 0.73% | 16,105 | $7.9M | No change |
| IBB iShares Biotechnology ETF | 0.59% | 37,787 | $6.4M | Reduce -0.8% |
| XLK SS Technology Select Sector | 0.58% | 47,392 | $6.3M | Reduce -4.4% |
| XLY SS Consumer Disc Select Sect | 0.58% | 57,626 | $6.3M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.57% | 49,056 | $6.2M | Add +1.3% |
| NFLX Netflix Inc. | 0.52% | 59,230 | $5.7M | Add +33.4% |
| DXJ Wisdomtree Japan Hedged Eq | 0.52% | 35,417 | $5.6M | No change |
| MELI MercadoLibre Inc. | 0.51% | 3,202 | $5.5M | Add +46.9% |
| RTX RTX Corp. | 0.50% | 28,170 | $5.4M | Reduce -2.5% |
| XLE SS Energy Select Sector | 0.47% | 84,220 | $5.2M | No change |
| VGT Vanguard Info Tech ETF | 0.46% | 7,250 | $5.1M | Reduce -1.0% |
| SBUX Starbucks Corp. | 0.46% | 55,907 | $5.0M | No change |
| DHR Danaher Corp. | 0.46% | 26,095 | $5.0M | Add +9.8% |
| FMX Fomento Economico Mex-SP ADR | 0.44% | 43,578 | $4.8M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.43% | 48,927 | $4.7M | Reduce -0.6% |
| UNH Unitedhealth Group Inc. | 0.42% | 16,858 | $4.6M | Reduce -8.1% |
| MCD McDonald's Corp. | 0.42% | 14,644 | $4.6M | No change |
| XLP SS Consumer Staples Sel Sect | 0.38% | 50,602 | $4.1M | No change |
| ABBV Abbvie Inc. | 0.34% | 17,115 | $3.7M | Reduce -0.2% |
| SHY iShares 1-3 Year Treasury Bo | 0.33% | 43,949 | $3.6M | Add +1.8% |
| VGK Vanguard Ftse Europe ETF | 0.32% | 41,821 | $3.4M | Reduce -11.4% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.29% | 2,386 | $3.2M | Reduce -0.3% |
| CDRO Codere Online Luxembourg SA | 0.28% | 366,325 | $3.1M | No change |
| FDX FedEx Corp. | 0.27% | 8,212 | $2.9M | No change |
| APO Apollo Global Management Inc. | 0.27% | 26,009 | $2.9M | Reduce -7.8% |
| SHV iShares 0-1 Year Treasury Bo | 0.26% | 26,045 | $2.9M | Reduce -61.5% |
| IEMG iShares Core MSCI Emerging | 0.25% | 39,400 | $2.7M | Add +24.9% |
| IEI iShares 3-7 Year Treasury Bo | 0.25% | 23,170 | $2.7M | Add +22.9% |
| MRK Merck & Co. Inc. | 0.25% | 22,563 | $2.7M | No change |
| IYW iShares Ustechnology ETF | 0.25% | 14,991 | $2.7M | Reduce -1.4% |
| XLI SS Industrial Select Sector | 0.25% | 16,810 | $2.7M | Add +5.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 5,628 | $2.7M | Reduce -40.6% |
| FCX Freeport-McMoran Inc. | 0.25% | 45,675 | $2.7M | Add +129.9% |
| GLD SPDR Gold Shares | 0.23% | 5,815 | $2.5M | No change |
| NOW ServiceNow Inc. | 0.22% | 22,755 | $2.4M | Reduce -7.0% |
| PFF iShares Preferred & Income S | 0.20% | 73,205 | $2.2M | No change |
| SGOV iShares 0-3 Month Treasury B | 0.20% | 21,945 | $2.2M | Add +962.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.20% | 27,493 | $2.2M | No change |
| AZN Astrazeneca PLC | 0.20% | 10,979 | $2.2M | Reduce -22.6% |
| AMGN Amgen Inc. | 0.20% | 6,044 | $2.1M | No change |
| IYJ iShares U.S. Industrials ETF | 0.19% | 14,330 | $2.1M | Reduce -8.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.19% | 39,912 | $2.1M | Add +0.9% |
| SPGI S&P Global Inc. | 0.18% | 4,575 | $1.9M | No change |
| SPOT Spotify Technology SA | 0.18% | 3,983 | $1.9M | Add +0.7% |
| EWJ iShares MSCI Japan ETF | 0.17% | 22,007 | $1.9M | Add +7.9% |
| ANGX Angel Studios Inc. | 0.17% | 597,543 | $1.8M | Add +519.3% |
| B Barrick Mining Corp. | 0.16% | 43,200 | $1.8M | Reduce -0.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.16% | 4,485 | $1.8M | Add +107.3% |
| IYF iShares US Financials ETF | 0.16% | 14,501 | $1.7M | No change |
| IYH iShares U.S. Healthcare ETF | 0.16% | 27,470 | $1.7M | Reduce -2.8% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.15% | 13,785 | $1.7M | No change |
| IJH iShares Core S&P Midcap ETF | 0.15% | 24,570 | $1.7M | No change |
| BA The Boeing Co. | 0.15% | 8,235 | $1.6M | No change |
| IVV iShares Core S&P 500 ETF | 0.15% | 2,474 | $1.6M | Reduce -10.8% |
| AAXJ iShares MSCI All Country Asi | 0.14% | 16,360 | $1.6M | No change |
| GDX Vaneck Gold Miners ETF | 0.14% | 16,815 | $1.5M | No change |
| MA Mastercard Inc. Class A | 0.14% | 3,030 | $1.5M | No change |
| ORCL Oracle Corp. | 0.13% | 9,947 | $1.5M | Add +6.0% |
| USIG iShares Broad Usd Investment | 0.13% | 27,795 | $1.4M | No change |
| PANW Palo Alto Networks Inc. | 0.13% | 8,766 | $1.4M | Reduce -1.4% |
| EZU iShares MSCI Eurozone ETF | 0.12% | 21,235 | $1.3M | No change |
| FEZ State Street SPDR Euro Stoxx | 0.12% | 20,809 | $1.3M | No change |
| XLB SS Materials Select Sector | 0.12% | 25,160 | $1.3M | Add +403.2% |
| RSP Invesco S&P 500 Equal Weight | 0.11% | 6,266 | $1.2M | Add +35.8% |
| CIBR First Trust Nasdaq Cybersecu | 0.10% | 18,192 | $1.1M | Add +102.1% |
| GEV GE Vernova Inc. | 0.10% | 1,295 | $1.1M | No change |
| IEF iShares 7-10 Year Treasury B | 0.10% | 11,229 | $1.1M | Add +34.8% |
| EMB iShares JP Morgan Usd Emergi | 0.10% | 11,303 | $1.1M | Add +19.8% |
| DE Deere & Co. | 0.10% | 1,845 | $1.0M | Reduce -32.2% |
| WM Waste Management Inc. | 0.09% | 4,260 | $979K | No change |
| VGSH Vanguard Short-Term Treasury | 0.09% | 16,615 | $973K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| TCEHY Tencent Holdings Ltd.-Uns ADR | Sold out | 0.00% | −1.05 |
| CRM Salesforce Inc. | Reduce -16.7% | 1.05% | −0.59 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -61.5% | 0.26% | −0.36 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -31.6% | 0.98% | −0.34 |
| IAU iShares Gold Trust | Sold out | 0.00% | −0.29 |
| SHOP Shopify Inc. Class A | Reduce -0.0% | 0.85% | −0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -40.6% | 0.25% | −0.15 |
| NOW ServiceNow Inc. | Reduce -7.0% | 0.22% | −0.10 |
| UNH Unitedhealth Group Inc. | Reduce -8.1% | 0.42% | −0.09 |
| V Visa Inc. Class A | Reduce -0.7% | 1.26% | −0.09 |
| APO Apollo Global Management Inc. | Reduce -7.8% | 0.27% | −0.08 |
| BAC Bank of America Corp. | Reduce -3.9% | 0.98% | −0.08 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -41.0% | 0.06% | −0.07 |
| IBIT iShares Bitcoin Trust ETF | Reduce -47.7% | 0.04% | −0.05 |
| PFE Pfizer Inc. | Reduce -74.0% | 0.02% | −0.05 |
| INTU Intuit Inc. | Reduce -50.2% | 0.03% | −0.05 |
| NKE Nike Inc. Class B | Reduce -33.2% | 0.07% | −0.05 |
| STWD Starwood Property Trust Inc. | Reduce -55.6% | 0.04% | −0.05 |
| OBDC Blue Owl Capital Corp. | Sold out | 0.00% | −0.05 |
| DIS The Walt Disney Co. | Reduce -0.6% | 0.43% | −0.04 |
| IBOC International Bancshares CRP | Sold out | 0.00% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 8.46% | −0.03 |
| EUAD Select Stoxx Eur Aer DE ETF | Sold out | 0.00% | −0.03 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 2.96% | −0.02 |
| XLK SS Technology Select Sector | Reduce -4.4% | 0.58% | −0.02 |
| AZN Astrazeneca PLC | Reduce -22.6% | 0.20% | −0.02 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.02 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.02 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.02 |
| CVS CVS Health Corp. | Reduce -28.5% | 0.05% | −0.02 |
| AIQ Global X Art Intel & Tech | Sold out | 0.00% | −0.02 |
| VGK Vanguard Ftse Europe ETF | Reduce -11.4% | 0.32% | −0.02 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -18.5% | 0.04% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -10.8% | 0.15% | −0.01 |
| DE Deere & Co. | Reduce -32.2% | 0.10% | −0.01 |
| TSLA Tesla Inc. | Reduce -8.0% | 0.05% | −0.01 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -19.6% | 0.06% | −0.01 |
| SNOW Snowflake Inc. | Reduce -1.1% | 0.03% | −0.01 |
| PANW Palo Alto Networks Inc. | Reduce -1.4% | 0.13% | −0.01 |
| LULU Lululemon Athletica Inc. | Reduce -4.5% | 0.03% | −0.01 |
| ONON On Holding AG Class A | Reduce -1.7% | 0.03% | −0.01 |
| HD Home Depot Inc. | Reduce -10.6% | 0.08% | −0.01 |
| IYW iShares Ustechnology ETF | Reduce -1.4% | 0.25% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.2% | 1.29% | −0.00 |
| CDNS Cadence Design SYS Inc. | Reduce -0.7% | 0.08% | −0.00 |
| IYJ iShares U.S. Industrials ETF | Reduce -8.1% | 0.19% | −0.00 |
| VGT Vanguard Info Tech ETF | Reduce -1.0% | 0.46% | +0.00 |
| KO The Coca-Cola Co. | Reduce -15.0% | 0.02% | +0.00 |
| IYH iShares U.S. Healthcare ETF | Reduce -2.8% | 0.16% | +0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| TSM Taiwan Semiconductor-SP ADR | Add +7.6% | 1.42% | +0.33 |
| NVDA Nvidia Corp. | Add +3.1% | 4.23% | +0.21 |
| GS Goldman Sachs Group Inc. | Add +2.5% | 2.80% | +0.20 |
| AAPL Apple Inc. | Add +0.2% | 9.27% | +0.19 |
| SGOV iShares 0-3 Month Treasury B | Add +962.7% | 0.20% | +0.19 |
| NFLX Netflix Inc. | Add +33.4% | 0.52% | +0.17 |
| FCX Freeport-McMoran Inc. | Add +129.9% | 0.25% | +0.16 |
| AMZN Amazon.com Inc. | Add +3.8% | 7.57% | +0.16 |
| XLF SS Financial Select Sector | Add +18.6% | 0.99% | +0.14 |
| MELI MercadoLibre Inc. | Add +46.9% | 0.51% | +0.14 |
| ANGX Angel Studios Inc. | Add +519.3% | 0.17% | +0.13 |
| XLB SS Materials Select Sector | Add +403.2% | 0.12% | +0.10 |
| AVGO Broadcom Inc. | Add +8.0% | 1.55% | +0.08 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +107.3% | 0.16% | +0.08 |
| IEMG iShares Core MSCI Emerging | Add +24.9% | 0.25% | +0.07 |
| FLOT iShares Floating Rate Bond E | New | 0.07% | +0.07 |
| IEI iShares 3-7 Year Treasury Bo | Add +22.9% | 0.25% | +0.06 |
| CIBR First Trust Nasdaq Cybersecu | Add +102.1% | 0.10% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +0.9% | 0.93% | +0.04 |
| XLI SS Industrial Select Sector | Add +5.8% | 0.25% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +35.8% | 0.11% | +0.04 |
| SHY iShares 1-3 Year Treasury Bo | Add +1.8% | 0.33% | +0.03 |
| EWJ iShares MSCI Japan ETF | Add +7.9% | 0.17% | +0.03 |
| WDC Western Digital Corp. | New | 0.03% | +0.03 |
| IEF iShares 7-10 Year Treasury B | Add +34.8% | 0.10% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +1.2% | 3.89% | +0.03 |
| EWZ iShares MSCI Brazil ETF | New | 0.03% | +0.03 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +37.2% | 0.07% | +0.02 |
| EMB iShares JP Morgan Usd Emergi | Add +19.8% | 0.10% | +0.02 |
| CMI Cummins Inc. | New | 0.02% | +0.02 |
| EMBJ Embraer SA-Spon ADR | New | 0.02% | +0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +0.9% | 0.19% | +0.02 |
| UBER Uber Technologies Inc. | Add +5.8% | 0.87% | +0.01 |
| FALN iShares Fallen Angels ETF | Add +20.3% | 0.04% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +1.2% | 0.05% | +0.01 |
| PYPL PayPal Holdings Inc. | Add +35.7% | 0.04% | +0.00 |
| SE Sea Ltd.-ADR | Add +38.8% | 0.02% | −0.00 |
| LLY Eli Lilly & Co. | Add +6.8% | 0.76% | −0.00 |
| DHR Danaher Corp. | Add +9.8% | 0.46% | −0.00 |
| SPOT Spotify Technology SA | Add +0.7% | 0.18% | −0.02 |
| ORCL Oracle Corp. | Add +6.0% | 0.13% | −0.02 |
| BABA Alibaba Group Holding-SP ADR | Add +1.3% | 0.57% | −0.03 |
| META Meta Platforms Inc. Class A | Add +2.8% | 4.46% | −0.13 |
| MSFT Microsoft Corp. | Add +4.5% | 6.65% | −0.97 |
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 |