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

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 Q4 2024 Q1 2025: $502.8M $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 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
KO The Coca-Cola Co. 0.05% 3,794 $272K New
SAN Banco Santander SA-Spon ADR 0.05% 40,000 $268K Reduce -60.0%
BRT BRT Apartments Corp. 0.05% 15,000 $255K No change
ILCG iShares Morningstar Growth E 0.05% 3,134 $254K Reduce -33.0%
REGN Regeneron Pharmaceuticals 0.05% 400 $254K New
USIG iShares Broad Usd Investment 0.05% 4,952 $253K No change
AVGO Broadcom Inc. 0.05% 1,501 $251K Add +1.6%
GLDM SPDR Gold Minishares Trust 0.05% 4,044 $250K No change
SPSM SS SPDR P S&P 600 Small Cap 0.05% 6,000 $245K Reduce -0.3%
WMT Walmart Inc. 0.05% 2,750 $241K Add +11.4%
BNDX Vanguard Total Intl Bond ETF 0.05% 4,826 $236K No change
IJH iShares Core S&P Midcap ETF 0.05% 4,015 $234K Reduce -15.4%
VZ Verizon Communications Inc. 0.05% 5,075 $230K New
PPA Invesco Aerospace & Defense 0.05% 1,958 $228K No change
BNTX Biontech SE-ADR 0.05% 2,500 $228K No change
ZTS Zoetis Inc. 0.04% 1,341 $221K Reduce -1.1%
SCHB Schwab US Broad Market ETF 0.04% 10,094 $217K No change
SCHD Schwab US DVD Equity ETF 0.04% 7,726 $216K New
SO The Southern Co. 0.04% 2,311 $212K New
IWF iShares Russell 1000 Growth 0.04% 583 $211K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.04% 796 $206K New
COST Costco Wholesale Corp. 0.04% 217 $206K New
RTX RTX Corp. 0.04% 1,548 $205K New
BP BP PLC-Spons ADR 0.04% 6,027 $204K 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

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