Noesis Capital Mangement Corp.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), Noesis Capital Mangement Corp. reported 113 stock positions worth $524.0 million. Its top holding was Alphabet Class C (GOOG) at 6.5% of the portfolio, followed by JPMorgan Chase (JPM, 6.4%) and American Express (AXP, 5.9%). Compared with Q3 2024, it opened 4 new positions, sold out of 9, added to 45 and reduced 35. The biggest buy was Advanced Micro Devices (AMD, shares +3779%) and the biggest sale an exit from Stericycle (SRCL).

Most Recent 13F
Q2 2026
Location
BOCA RATON, FL
CIK
0001262677
Portfolio Value
$524.0M (Q4 2024)
SEC Filing
0001762294-25-000001 ↗ filed Feb 5, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $450.3M Q1 2024 Q2 2024: $451.0M Q2 2024 Q3 2024: $503.8M Q3 2024 Q4 2024: $524.0M $524.0M Q4 2024 Q1 2025: $502.8M Q1 2025 Q2 2025: $575.8M Q2 2025 Q3 2025: $644.2M Q3 2025 Q4 2025: $689.6M Q4 2025 Q1 2026: $676.4M Q1 2026 Q2 2026: $831.6M Q2 2026

Holdings 113 stocks · $524.0M
GOOG Alphabet Inc. Class C 6.52% 179,461 $34.2M Add +1.5%
JPM JPMorgan Chase & Co. 6.37% 139,147 $33.4M Reduce -0.0%
AXP American Express Co. 5.87% 103,686 $30.8M Add +0.1%
APH Amphenol Corp. Class A 4.53% 341,762 $23.7M Add +1.0%
SYK Stryker Corp. 4.41% 64,143 $23.1M Add +1.0%
TSM Taiwan Semiconductor-SP ADR 4.38% 116,184 $22.9M Add +0.1%
RCL Royal Caribbean Cruises Ltd. 3.45% 78,462 $18.1M Reduce -2.4%
QCOM Qualcomm Inc. 3.43% 116,947 $18.0M Add +3.5%
V Visa Inc. Class A 3.18% 52,736 $16.7M Add +0.2%
LOW Lowe's Cos Inc. 3.10% 65,798 $16.2M Add +4.7%
A Agilent Technologies Inc. 3.04% 118,689 $15.9M Add +2.9%
IGV iShares Expanded Tech-Softwa 2.91% 152,069 $15.2M Add +1.5%
CAT Caterpillar Inc. 2.82% 40,692 $14.8M Reduce -0.1%
TSLA Tesla Inc. 2.58% 33,515 $13.5M No change
ECL Ecolab Inc. 2.45% 54,803 $12.8M Add +4.4%
LIN Linde PLC 2.43% 30,462 $12.8M Add +2.9%
CMI Cummins Inc. 2.39% 35,948 $12.5M Add +0.3%
MRK Merck & Co. Inc. 2.18% 114,840 $11.4M Add +2.4%
NEE Nextera Energy Inc. 2.12% 155,244 $11.1M Add +0.6%
GILD Gilead Sciences Inc. 2.02% 114,839 $10.6M Reduce -1.1%
AMD Advanced Micro Devices 1.95% 84,727 $10.2M Add +3779.4%
NKE Nike Inc. Class B 1.94% 134,228 $10.2M Add +1.5%
JPST JPMorgan Ultra-Short Income 1.92% 199,663 $10.1M Add +14.5%
AAPL Apple Inc. 1.80% 37,746 $9.5M Add +19.3%
SE Sea Ltd.-ADR 1.77% 87,518 $9.3M Reduce -0.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.68% 79,057 $8.8M Reduce -0.4%
MDT Medtronic PLC 1.58% 103,919 $8.3M Add +2.6%
MSFT Microsoft Corp. 1.46% 18,198 $7.7M Add +13.6%
UPS United Parcel Service Class B 1.42% 59,215 $7.5M Reduce -2.1%
IJR iShares Core S&P Small-Cap E 1.41% 64,255 $7.4M Add +3.9%
GOOGL Alphabet Inc. Class A 1.06% 29,470 $5.6M Add +0.1%
PGX Invesco Preferred ETF 0.96% 434,831 $5.0M Reduce -0.8%
DIVO Amplify CWP Enhan Divid ETF 0.60% 77,293 $3.1M Reduce -7.8%
JSCP JPMorgan Short Duration Core 0.58% 65,471 $3.1M Add +3.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.58% 5,174 $3.0M Add +0.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.45% 61,225 $2.3M Reduce -8.1%
AMZN Amazon.com Inc. 0.40% 9,666 $2.1M Add +2.2%
XLK SS Technology Select Sector 0.33% 7,414 $1.7M Reduce -0.9%
PFF iShares Preferred & Income S 0.31% 51,515 $1.6M Reduce -0.3%
NVDA Nvidia Corp. 0.31% 11,908 $1.6M Add +1.7%
BRK.B Berkshire Hathaway Inc. Class B 0.28% 3,211 $1.5M Add +0.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.25% 3,164 $1.3M Add +7.8%
BLK BlackRock Inc. 0.25% 1,255 $1.3M Add +1.5%
EWBC East West Bancorp Inc. 0.24% 13,350 $1.3M No change
LRCX Lam Research Corp. 0.23% 16,573 $1.2M Reduce -3.2%
JNJ Johnson & Johnson 0.22% 8,060 $1.2M Reduce -5.1%
AME Ametek Inc. 0.22% 6,393 $1.2M Reduce -0.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.20% 6,122 $1.0M Add +6.9%
SDY SS SPDR S&P Dividend ETF 0.20% 7,824 $1.0M Add +2.6%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.18% 12,297 $931K Reduce -5.3%
EEM iShares MSCI Emerging Market 0.17% 20,938 $876K Reduce -1.3%
IEFA iShares Core MSCI Eafe ETF 0.17% 12,354 $868K Add +5.5%
VTI VG Morningstar TS MKT ETF-US 0.16% 2,965 $859K Reduce -6.0%
VCIT Vanguard Int-Term Corporate 0.15% 10,082 $809K Reduce -0.1%
XOM Exxon Mobil Corp. 0.15% 7,364 $792K No change
DLN Wisdomtree US Largecap Divid 0.15% 10,000 $778K No change
VGT Vanguard Info Tech ETF 0.14% 1,221 $759K Add +0.1%
MRSH Marsh & McLennan Cos 0.14% 3,500 $743K No change
ET Energy Transfer LP 0.14% 37,314 $731K Add +0.1%
HD Home Depot Inc. 0.13% 1,791 $697K Reduce -25.6%
QQQ Invesco QQQ Trust Series 1 0.13% 1,363 $697K Add +2.3%
JNK SS SPDR BB High Yield Bond 0.13% 7,003 $669K No change
XLV SS Health Care Select Sector 0.12% 4,445 $611K Reduce -1.7%
TAIT Taitron Components Inc. Class A 0.11% 215,597 $554K No change
ORCL Oracle Corp. 0.10% 3,099 $516K Reduce -3.0%
MUB iShares National Muni Bond E 0.09% 4,538 $484K Reduce -5.5%
XLY SS Consumer Disc Select Sect 0.09% 2,138 $480K Reduce -1.7%
TRUE Truecar Inc. 0.09% 125,000 $466K Add +25.0%
SAN Banco Santander SA-Spon ADR 0.09% 100,000 $456K Reduce -13.0%
IVV iShares Core S&P 500 ETF 0.09% 771 $454K Reduce -5.8%
META Meta Platforms Inc. Class A 0.09% 772 $452K Add +13.5%
FNDX Schwab Fndmntl US LRG Co. ETF 0.09% 19,086 $452K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.08% 5,655 $445K No change
PFE Pfizer Inc. 0.08% 16,357 $434K Add +2.6%
VB Vanguard Most SM-Cap ETF-Usd 0.08% 1,803 $433K No change
VOO Vanguard S&P 500 ETF 0.08% 796 $429K Reduce -19.4%
ILCG iShares Morningstar Growth E 0.08% 4,674 $419K No change
ADP Automatic Data Processing 0.08% 1,384 $405K No change
MA Mastercard Inc. Class A 0.08% 769 $405K No change
DXJ Wisdomtree Japan Hedged Eq 0.07% 3,448 $380K No change
IEMG iShares Core MSCI Emerging 0.07% 7,012 $366K Add +1.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 1,619 $356K Add +15.3%
VHT Vanguard Health Care ETF 0.07% 1,351 $343K No change
AVGO Broadcom Inc. 0.07% 1,477 $342K New
AZN Astrazeneca PLC-Spons ADR 0.06% 5,009 $328K No change
DBJP Xtrackers MSCI Japan Hedged 0.06% 4,248 $321K No change
ACM Aecom 0.06% 3,000 $320K Reduce -14.3%
FNDA Schwab Fndmntl US SM Co. ETF 0.06% 10,628 $316K No change
DFUS Dimensional US Eq MKT ETF 0.06% 4,763 $304K No change
AMLP Alerian MLP ETF 0.06% 6,200 $299K No change
IJH iShares Core S&P Midcap ETF 0.06% 4,745 $296K Reduce -5.0%
BBVA Banco Bilbao Vizcaya-SP ADR 0.06% 30,000 $292K Reduce -35.2%
SCHW Schwab (charles) Corp. 0.06% 3,898 $289K No change
BNTX Biontech SE-ADR 0.05% 2,500 $285K No change
BRT BRT Apartments Corp. 0.05% 15,000 $270K Add +50.0%
SPSM SS SPDR P S&P 600 Small Cap 0.05% 6,018 $270K No change
ABT Abbott Laboratories 0.05% 2,289 $259K Add +8.2%
AGG iShares Core U.S. Aggregate 0.05% 2,627 $255K Reduce -36.6%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.05% 7,533 $250K No change
USIG iShares Broad Usd Investment 0.05% 4,952 $249K No change
LLY Eli Lilly & Co. 0.05% 308 $238K Add +3.7%
BNDX Vanguard Total Intl Bond ETF 0.05% 4,826 $237K Add +0.7%
XLI SS Industrial Select Sector 0.04% 1,790 $236K Reduce -2.7%
IWF iShares Russell 1000 Growth 0.04% 583 $234K Reduce -2.5%
SCHB Schwab US Broad Market ETF 0.04% 10,094 $229K No change
PPA Invesco Aerospace & Defense 0.04% 1,958 $225K No change
WMT Walmart Inc. 0.04% 2,469 $223K New
ZTS Zoetis Inc. 0.04% 1,356 $221K No change
MS Morgan Stanley 0.04% 1,698 $213K New
GLDM SPDR Gold Minishares Trust 0.04% 4,044 $210K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.04% 494 $210K Reduce -45.8%
HON Honeywell International Inc. 0.04% 915 $207K New
JPC Nuveen Prefered & Income Opp 0.02% 13,433 $106K Reduce -22.1%

Portfolio Sells Q3 2024 → Q4 2024
SRCL Stericycle Inc. Sold out 0.00% −2.33
CAT Caterpillar Inc. Reduce -0.1% 2.82% −0.35
UPS United Parcel Service Class B Reduce -2.1% 1.42% −0.21
PGX Invesco Preferred ETF Reduce -0.8% 0.96% −0.12
SLB SLB Ltd. Reduce -8.1% 0.45% −0.11
DIVO Amplify CWP Enhan Divid ETF Reduce -7.8% 0.60% −0.09
GMF State Street SPDR S&P Emergi Sold out 0.00% −0.09
HD Home Depot Inc. Reduce -25.6% 0.13% −0.06
IWD iShares Russell 1000 Value E Sold out 0.00% −0.06
JNJ Johnson & Johnson Reduce -5.1% 0.22% −0.05
LRCX Lam Research Corp. Reduce -3.2% 0.23% −0.05
KO The Coca-Cola Co. Sold out 0.00% −0.05
BBVA Banco Bilbao Vizcaya-SP ADR Reduce -35.2% 0.06% −0.04
SO The Southern Co. Sold out 0.00% −0.04
CDW CDW Corp. Sold out 0.00% −0.04
USHY iShares Broad Usd High Yield Sold out 0.00% −0.04
PG The Procter & Gamble Co. Sold out 0.00% −0.04
DIA SS SPDR Dow Jones Indus Avg Reduce -45.8% 0.04% −0.04
AGG iShares Core U.S. Aggregate Reduce -36.6% 0.05% −0.03
PFF iShares Preferred & Income S Reduce -0.3% 0.31% −0.03
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -5.3% 0.18% −0.03
SAN Banco Santander SA-Spon ADR Reduce -13.0% 0.09% −0.03
EEM iShares MSCI Emerging Market Reduce -1.3% 0.17% −0.03
XLV SS Health Care Select Sector Reduce -1.7% 0.12% −0.02
VOO Vanguard S&P 500 ETF Reduce -19.4% 0.08% −0.02
VCIT Vanguard Int-Term Corporate Reduce -0.1% 0.15% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -6.0% 0.16% −0.01
MUB iShares National Muni Bond E Reduce -5.5% 0.09% −0.01
ACM Aecom Reduce -14.3% 0.06% −0.01
ORCL Oracle Corp. Reduce -3.0% 0.10% −0.01
JPC Nuveen Prefered & Income Opp Reduce -22.1% 0.02% −0.01
IVV iShares Core S&P 500 ETF Reduce -5.8% 0.09% −0.01
XLK SS Technology Select Sector Reduce -0.9% 0.33% −0.01
IJH iShares Core S&P Midcap ETF Reduce -5.0% 0.06% −0.01
XLI SS Industrial Select Sector Reduce -2.7% 0.04% −0.00
LUMINAR TECHNOLOGIES INC Sold out 0.00% −0.00
IWF iShares Russell 1000 Growth Reduce -2.5% 0.04% +0.00
AME Ametek Inc. Reduce -0.4% 0.22% +0.00
XLY SS Consumer Disc Select Sect Reduce -1.7% 0.09% +0.01
GILD Gilead Sciences Inc. Reduce -1.1% 2.02% +0.09
SE Sea Ltd.-ADR Reduce -0.7% 1.77% +0.12
DIS The Walt Disney Co. Reduce -0.4% 1.68% +0.16
JPM JPMorgan Chase & Co. Reduce -0.0% 6.37% +0.54
RCL Royal Caribbean Cruises Ltd. Reduce -2.4% 3.45% +0.62

Portfolio Buys Q3 2024 → Q4 2024
AMD Advanced Micro Devices Add +3779.4% 1.95% +1.88
GOOG Alphabet Inc. Class C Add +1.5% 6.52% +0.66
TSM Taiwan Semiconductor-SP ADR Add +0.1% 4.38% +0.38
AAPL Apple Inc. Add +19.3% 1.80% +0.34
V Visa Inc. Class A Add +0.2% 3.18% +0.31
AXP American Express Co. Add +0.1% 5.87% +0.29
IGV iShares Expanded Tech-Softwa Add +1.5% 2.91% +0.25
JPST JPMorgan Ultra-Short Income Add +14.5% 1.92% +0.16
APH Amphenol Corp. Class A Add +1.0% 4.53% +0.15
GOOGL Alphabet Inc. Class A Add +0.1% 1.06% +0.10
MSFT Microsoft Corp. Add +13.6% 1.46% +0.10
CMI Cummins Inc. Add +0.3% 2.39% +0.09
AVGO Broadcom Inc. New 0.07% +0.07
AMZN Amazon.com Inc. Add +2.2% 0.40% +0.05
WMT Walmart Inc. New 0.04% +0.04
MS Morgan Stanley New 0.04% +0.04
HON Honeywell International Inc. New 0.04% +0.04
VUG Vanguard Mrngstar GR ETF-Sui Add +7.8% 0.25% +0.02
NVDA Nvidia Corp. Add +1.7% 0.31% +0.02
ET Energy Transfer LP Add +0.1% 0.14% +0.02
TRUE Truecar Inc. Add +25.0% 0.09% +0.02
BRT BRT Apartments Corp. Add +50.0% 0.05% +0.02
BLK BlackRock Inc. Add +1.5% 0.25% +0.01
META Meta Platforms Inc. Class A Add +13.5% 0.09% +0.01
IBM Intl Business Machines Corp. Add +15.3% 0.07% +0.01
QQQ Invesco QQQ Trust Series 1 Add +2.3% 0.13% +0.00
VGT Vanguard Info Tech ETF Add +0.1% 0.14% +0.00
ABT Abbott Laboratories Add +8.2% 0.05% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +6.9% 0.20% −0.00
BNDX Vanguard Total Intl Bond ETF Add +0.7% 0.05% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.9% 0.58% −0.01
LLY Eli Lilly & Co. Add +3.7% 0.05% −0.01
PFE Pfizer Inc. Add +2.6% 0.08% −0.01
IEMG iShares Core MSCI Emerging Add +1.4% 0.07% −0.01
JSCP JPMorgan Short Duration Core Add +3.9% 0.58% −0.01
BRK.B Berkshire Hathaway Inc. Class B Add +0.2% 0.28% −0.01
IEFA iShares Core MSCI Eafe ETF Add +5.5% 0.17% −0.02
SDY SS SPDR S&P Dividend ETF Add +2.6% 0.20% −0.02
IJR iShares Core S&P Small-Cap E Add +3.9% 1.41% −0.02
SYK Stryker Corp. Add +1.0% 4.41% −0.15
ECL Ecolab Inc. Add +4.4% 2.45% −0.21
MDT Medtronic PLC Add +2.6% 1.58% −0.23
LOW Lowe's Cos Inc. Add +4.7% 3.10% −0.28
MRK Merck & Co. Inc. Add +2.4% 2.18% −0.35
A Agilent Technologies Inc. Add +2.9% 3.04% −0.36
LIN Linde PLC Add +2.9% 2.43% −0.37
NKE Nike Inc. Class B Add +1.5% 1.94% −0.38
QCOM Qualcomm Inc. Add +3.5% 3.43% −0.39
NEE Nextera Energy Inc. Add +0.6% 2.12% −0.47

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 124$831.6MGOOG, AMD, TSM, APH, JPM
Q1 2026 125$676.4MGOOG, JPM, TSM, APH, AXP
Q4 2025 132$689.6MGOOG, JPM, AXP, TSM, APH
Q3 2025 127$644.2MGOOG, JPM, AXP, TSM, APH
Q2 2025 131$575.8MJPM, APH, AXP, GOOG, TSM
Q1 2025Amended 124$502.8MJPM, GOOG, AXP, SYK, APH
Q4 2024 113$524.0MGOOG, JPM, AXP, APH, SYK
Q3 2024 118$503.8MGOOG, JPM, AXP, SYK, APH
Q2 2024 105$451.0MGOOG, JPM, AXP, APH, QCOM
Q1 2024 93$450.3MJPM, GOOG, AXP, SYK, APH