Noesis Capital Mangement Corp.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Noesis Capital Mangement Corp. reported 124 stock positions worth $502.8 million. Its top holding was JPMorgan Chase (JPM) at 6.8% of the portfolio, followed by Alphabet Class C (GOOG, 5.6%) and American Express (AXP, 5.6%). Compared with Q4 2024, it opened 18 new positions, sold out of 7, added to 46 and reduced 36. The biggest buy was Sea Ltd.-ADR (SE, shares +6%) and the biggest sale Tesla (TSLA, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- BOCA RATON, FL
- CIK
- 0001262677
- Portfolio Value
- $502.8M (Q1 2025)
- SEC Filing
- 0001483467-25-000003 ↗ filed May 7, 2025
Holdings Value
Holdings 124 stocks · $502.8M
| JPM JPMorgan Chase & Co. | 6.79% | 139,264 | $34.2M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 5.64% | 181,534 | $28.4M | Add +1.2% |
| AXP American Express Co. | 5.57% | 104,138 | $28.0M | Add +0.4% |
| SYK Stryker Corp. | 4.73% | 63,837 | $23.8M | Reduce -0.5% |
| APH Amphenol Corp. Class A | 4.55% | 348,575 | $22.9M | Add +2.0% |
| TSM Taiwan Semiconductor-SP ADR | 3.85% | 116,618 | $19.4M | Add +0.4% |
| V Visa Inc. Class A | 3.72% | 53,343 | $18.7M | Add +1.1% |
| QCOM Qualcomm Inc. | 3.62% | 118,394 | $18.2M | Add +1.2% |
| RCL Royal Caribbean Cruises Ltd. | 3.24% | 79,234 | $16.3M | Add +1.0% |
| LOW Lowe's Cos Inc. | 3.04% | 65,642 | $15.3M | Reduce -0.2% |
| LIN Linde PLC | 2.83% | 30,596 | $14.2M | Add +0.4% |
| A Agilent Technologies Inc. | 2.81% | 120,929 | $14.1M | Add +1.9% |
| ECL Ecolab Inc. | 2.75% | 54,608 | $13.8M | Reduce -0.4% |
| IGV iShares Expanded Tech-Softwa | 2.72% | 153,660 | $13.7M | Add +1.1% |
| CAT Caterpillar Inc. | 2.72% | 41,461 | $13.7M | Add +1.9% |
| GILD Gilead Sciences Inc. | 2.53% | 113,459 | $12.7M | Reduce -1.2% |
| SE Sea Ltd.-ADR | 2.40% | 92,650 | $12.1M | Add +5.9% |
| CMI Cummins Inc. | 2.26% | 36,255 | $11.4M | Add +0.8% |
| NEE Nextera Energy Inc. | 2.18% | 154,355 | $10.9M | Reduce -0.6% |
| MRK Merck & Co. Inc. | 2.10% | 117,715 | $10.6M | Add +2.5% |
| MDT Medtronic PLC | 1.94% | 108,294 | $9.7M | Add +4.2% |
| AMD Advanced Micro Devices | 1.84% | 90,293 | $9.3M | Add +6.6% |
| JPST JPMorgan Ultra-Short Income | 1.70% | 168,458 | $8.5M | Reduce -15.6% |
| NKE Nike Inc. Class B | 1.69% | 133,728 | $8.5M | Reduce -0.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.65% | 83,939 | $8.3M | Add +6.2% |
| TSLA Tesla Inc. | 1.62% | 31,334 | $8.1M | Reduce -6.5% |
| AAPL Apple Inc. | 1.56% | 35,213 | $7.8M | Reduce -6.7% |
| MSFT Microsoft Corp. | 1.37% | 18,374 | $6.9M | Add +1.0% |
| IJR iShares Core S&P Small-Cap E | 1.36% | 65,375 | $6.8M | Add +1.7% |
| UPS United Parcel Service Class B | 1.23% | 56,402 | $6.2M | Reduce -4.8% |
| PGX Invesco Preferred ETF | 0.98% | 438,796 | $4.9M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 0.93% | 30,158 | $4.7M | Add +2.3% |
| DIVO Amplify CWP Enhan Divid ETF | 0.63% | 77,418 | $3.2M | Add +0.2% |
| JSCP JPMorgan Short Duration Core | 0.60% | 63,616 | $3.0M | Reduce -2.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.57% | 5,098 | $2.9M | Reduce -1.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.47% | 57,032 | $2.4M | Reduce -6.8% |
| AMZN Amazon.com Inc. | 0.40% | 10,566 | $2.0M | Add +9.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 3,425 | $1.8M | Add +6.7% |
| PFF iShares Preferred & Income S | 0.31% | 51,015 | $1.6M | Reduce -1.0% |
| XLK SS Technology Select Sector | 0.30% | 7,359 | $1.5M | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.30% | 9,031 | $1.5M | Add +12.1% |
| FCNCA First Citizens Bcshs Class A | 0.29% | 800 | $1.5M | New |
| NVDA Nvidia Corp. | 0.28% | 13,128 | $1.4M | Add +10.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.25% | 3,368 | $1.2M | Add +6.5% |
| LRCX Lam Research Corp. | 0.24% | 16,573 | $1.2M | No change |
| EWBC East West Bancorp Inc. | 0.24% | 13,350 | $1.2M | No change |
| BLK BlackRock Inc. | 0.24% | 1,263 | $1.2M | Add +0.6% |
| AME Ametek Inc. | 0.22% | 6,393 | $1.1M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.21% | 6,213 | $1.1M | Add +1.5% |
| SDY SS SPDR S&P Dividend ETF | 0.21% | 7,789 | $1.1M | Reduce -0.5% |
| EEM iShares MSCI Emerging Market | 0.18% | 20,851 | $911K | Reduce -0.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.18% | 11,964 | $905K | Reduce -3.2% |
| VCIT Vanguard Int-Term Corporate | 0.17% | 10,627 | $869K | Add +5.4% |
| XOM Exxon Mobil Corp. | 0.17% | 7,232 | $860K | Reduce -1.8% |
| MRSH Marsh & McLennan Cos | 0.17% | 3,500 | $854K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.17% | 10,692 | $843K | Reduce -13.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 2,966 | $815K | Add +0.0% |
| DLN Wisdomtree US Largecap Divid | 0.16% | 10,000 | $794K | No change |
| ET Energy Transfer LP | 0.16% | 42,343 | $787K | Add +13.5% |
| VGT Vanguard Info Tech ETF | 0.14% | 1,307 | $709K | Add +7.0% |
| JNK SS SPDR BB High Yield Bond | 0.13% | 7,003 | $667K | No change |
| HD Home Depot Inc. | 0.13% | 1,777 | $651K | Reduce -0.8% |
| XLV SS Health Care Select Sector | 0.12% | 4,300 | $628K | Reduce -3.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.12% | 1,258 | $590K | Reduce -7.7% |
| TAIT Taitron Components Inc. Class A | 0.11% | 215,597 | $543K | No change |
| CAC Camden National Corp. | 0.10% | 12,826 | $519K | New |
| ORCL Oracle Corp. | 0.09% | 3,335 | $466K | Add +7.6% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.09% | 19,737 | $466K | Add +3.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.09% | 5,655 | $446K | No change |
| ADP Automatic Data Processing | 0.09% | 1,452 | $444K | Add +4.9% |
| XLY SS Consumer Disc Select Sect | 0.09% | 2,188 | $432K | Add +2.3% |
| IVV iShares Core S&P 500 ETF | 0.09% | 764 | $429K | Reduce -0.9% |
| VOO Vanguard S&P 500 ETF | 0.09% | 835 | $429K | Add +4.9% |
| BA The Boeing Co. | 0.09% | 2,513 | $429K | New |
| META Meta Platforms Inc. Class A | 0.08% | 722 | $416K | Reduce -6.5% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.08% | 30,000 | $409K | No change |
| IWV iShares Russell 3000 ETF | 0.08% | 1,286 | $409K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 1,619 | $403K | No change |
| MUB iShares National Muni Bond E | 0.08% | 3,788 | $399K | Reduce -16.5% |
| MA Mastercard Inc. Class A | 0.08% | 719 | $394K | Reduce -6.5% |
| PFE Pfizer Inc. | 0.08% | 15,126 | $383K | Reduce -7.5% |
| DXJ Wisdomtree Japan Hedged Eq | 0.08% | 3,448 | $380K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.08% | 1,711 | $379K | Reduce -5.1% |
| AZN Astrazeneca PLC-Spons ADR | 0.07% | 5,009 | $368K | No change |
| IEMG iShares Core MSCI Emerging | 0.07% | 6,792 | $367K | Reduce -3.1% |
| VHT Vanguard Health Care ETF | 0.07% | 1,374 | $364K | Add +1.7% |
| PG The Procter & Gamble Co. | 0.07% | 2,088 | $356K | New |
| LLY Eli Lilly & Co. | 0.07% | 409 | $338K | Add +32.8% |
| AMLP Alerian MLP ETF | 0.06% | 6,200 | $322K | No change |
| DBJP Xtrackers MSCI Japan Hedged | 0.06% | 4,248 | $316K | No change |
| ABT Abbott Laboratories | 0.06% | 2,307 | $306K | Add +0.8% |
| SCHW Schwab (charles) Corp. | 0.06% | 3,848 | $301K | Reduce -1.3% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.06% | 10,904 | $299K | Add +2.6% |
| ANIK Anika Therapeutics Inc. | 0.06% | 19,400 | $292K | New |
| DFUS Dimensional US Eq MKT ETF | 0.06% | 4,763 | $288K | No change |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.06% | 7,854 | $284K | Add +4.3% |
| OFG Ofg Bancorp | 0.06% | 7,000 | $280K | New |
| ACM Aecom | 0.06% | 3,000 | $278K | No change |
| NRIM Northrim Bancorp Inc. | 0.06% | 3,791 | $278K | New |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.05% | 1,070 | $275K | New |
Portfolio Sells Q4 2024 → Q1 2025
| TSLA Tesla Inc. | Reduce -6.5% | 1.62% | −0.97 |
| NKE Nike Inc. Class B | Reduce -0.4% | 1.69% | −0.25 |
| AAPL Apple Inc. | Reduce -6.7% | 1.56% | −0.25 |
| JPST JPMorgan Ultra-Short Income | Reduce -15.6% | 1.70% | −0.22 |
| UPS United Parcel Service Class B | Reduce -4.8% | 1.23% | −0.19 |
| TRUE Truecar Inc. | Sold out | 0.00% | −0.09 |
| LOW Lowe's Cos Inc. | Reduce -0.2% | 3.04% | −0.05 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.05 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.04 |
| MS Morgan Stanley | Sold out | 0.00% | −0.04 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.04 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.04 |
| SAN Banco Santander SA-Spon ADR | Reduce -60.0% | 0.05% | −0.03 |
| ILCG iShares Morningstar Growth E | Reduce -33.0% | 0.05% | −0.03 |
| XLK SS Technology Select Sector | Reduce -0.7% | 0.30% | −0.03 |
| JPC Nuveen Prefered & Income Opp | Sold out | 0.00% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -7.7% | 0.12% | −0.02 |
| MUB iShares National Muni Bond E | Reduce -16.5% | 0.08% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.5% | 0.57% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -13.1% | 0.17% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -15.4% | 0.05% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -5.1% | 0.08% | −0.01 |
| PFE Pfizer Inc. | Reduce -7.5% | 0.08% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -6.5% | 0.08% | −0.00 |
| HD Home Depot Inc. | Reduce -0.8% | 0.13% | −0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -0.3% | 0.05% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -0.9% | 0.09% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -6.5% | 0.08% | +0.00 |
| ZTS Zoetis Inc. | Reduce -1.1% | 0.04% | +0.00 |
| PFF iShares Preferred & Income S | Reduce -1.0% | 0.31% | +0.00 |
| IEMG iShares Core MSCI Emerging | Reduce -3.1% | 0.07% | +0.00 |
| SCHW Schwab (charles) Corp. | Reduce -1.3% | 0.06% | +0.00 |
| XLV SS Health Care Select Sector | Reduce -3.3% | 0.12% | +0.01 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.5% | 0.21% | +0.01 |
| EEM iShares MSCI Emerging Market | Reduce -0.4% | 0.18% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -3.2% | 0.18% | +0.01 |
| JSCP JPMorgan Short Duration Core | Reduce -2.8% | 0.60% | +0.01 |
| XOM Exxon Mobil Corp. | Reduce -1.8% | 0.17% | +0.02 |
| SLB SLB Ltd. | Reduce -6.8% | 0.47% | +0.03 |
| NEE Nextera Energy Inc. | Reduce -0.6% | 2.18% | +0.05 |
| ECL Ecolab Inc. | Reduce -0.4% | 2.75% | +0.30 |
| SYK Stryker Corp. | Reduce -0.5% | 4.73% | +0.32 |
| GILD Gilead Sciences Inc. | Reduce -1.2% | 2.53% | +0.50 |
Portfolio Buys Q4 2024 → Q1 2025
| SE Sea Ltd.-ADR | Add +5.9% | 2.40% | +0.63 |
| V Visa Inc. Class A | Add +1.1% | 3.72% | +0.54 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 6.79% | +0.43 |
| LIN Linde PLC | Add +0.4% | 2.83% | +0.40 |
| MDT Medtronic PLC | Add +4.2% | 1.94% | +0.35 |
| FCNCA First Citizens Bcshs Class A | New | 0.29% | +0.29 |
| QCOM Qualcomm Inc. | Add +1.2% | 3.62% | +0.19 |
| CAC Camden National Corp. | New | 0.10% | +0.10 |
| BA The Boeing Co. | New | 0.09% | +0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.7% | 0.36% | +0.09 |
| IWV iShares Russell 3000 ETF | New | 0.08% | +0.08 |
| JNJ Johnson & Johnson | Add +12.1% | 0.30% | +0.08 |
| PG The Procter & Gamble Co. | New | 0.07% | +0.07 |
| ANIK Anika Therapeutics Inc. | New | 0.06% | +0.06 |
| OFG Ofg Bancorp | New | 0.06% | +0.06 |
| NRIM Northrim Bancorp Inc. | New | 0.06% | +0.06 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.05% | +0.05 |
| KO The Coca-Cola Co. | New | 0.05% | +0.05 |
| REGN Regeneron Pharmaceuticals | New | 0.05% | +0.05 |
| VZ Verizon Communications Inc. | New | 0.05% | +0.05 |
| SCHD Schwab US DVD Equity ETF | New | 0.04% | +0.04 |
| SO The Southern Co. | New | 0.04% | +0.04 |
| COST Costco Wholesale Corp. | New | 0.04% | +0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.04% | +0.04 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| BP BP PLC-Spons ADR | New | 0.04% | +0.04 |
| DIVO Amplify CWP Enhan Divid ETF | Add +0.2% | 0.63% | +0.03 |
| PGX Invesco Preferred ETF | Add +0.9% | 0.98% | +0.02 |
| LLY Eli Lilly & Co. | Add +32.8% | 0.07% | +0.02 |
| VCIT Vanguard Int-Term Corporate | Add +5.4% | 0.17% | +0.02 |
| APH Amphenol Corp. Class A | Add +2.0% | 4.55% | +0.02 |
| ET Energy Transfer LP | Add +13.5% | 0.16% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.5% | 0.21% | +0.02 |
| ABT Abbott Laboratories | Add +0.8% | 0.06% | +0.01 |
| ADP Automatic Data Processing | Add +4.9% | 0.09% | +0.01 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +4.3% | 0.06% | +0.01 |
| VHT Vanguard Health Care ETF | Add +1.7% | 0.07% | +0.01 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +3.4% | 0.09% | +0.01 |
| WMT Walmart Inc. | Add +11.4% | 0.05% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +4.9% | 0.09% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +6.5% | 0.25% | +0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +2.6% | 0.06% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.0% | 0.16% | −0.00 |
| VGT Vanguard Info Tech ETF | Add +7.0% | 0.14% | −0.00 |
| AMZN Amazon.com Inc. | Add +9.3% | 0.40% | −0.00 |
| XLY SS Consumer Disc Select Sect | Add +2.3% | 0.09% | −0.01 |
| ORCL Oracle Corp. | Add +7.6% | 0.09% | −0.01 |
| BLK BlackRock Inc. | Add +0.6% | 0.24% | −0.01 |
| AVGO Broadcom Inc. | Add +1.6% | 0.05% | −0.02 |
| NVDA Nvidia Corp. | Add +10.3% | 0.28% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 124 | $831.6M | GOOG, AMD, TSM, APH, JPM |
| Q1 2026 | 125 | $676.4M | GOOG, JPM, TSM, APH, AXP |
| Q4 2025 | 132 | $689.6M | GOOG, JPM, AXP, TSM, APH |
| Q3 2025 | 127 | $644.2M | GOOG, JPM, AXP, TSM, APH |
| Q2 2025 | 131 | $575.8M | JPM, APH, AXP, GOOG, TSM |
| Q1 2025Amended | 124 | $502.8M | JPM, GOOG, AXP, SYK, APH |
| Q4 2024 | 113 | $524.0M | GOOG, JPM, AXP, APH, SYK |
| Q3 2024 | 118 | $503.8M | GOOG, JPM, AXP, SYK, APH |
| Q2 2024 | 105 | $451.0M | GOOG, JPM, AXP, APH, QCOM |
| Q1 2024 | 93 | $450.3M | JPM, GOOG, AXP, SYK, APH |