Noesis Capital Mangement Corp.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), Noesis Capital Mangement Corp. reported 127 stock positions worth $644.2 million. Its top holding was Alphabet Class C (GOOG) at 6.9% of the portfolio, followed by JPMorgan Chase (JPM, 6.6%) and American Express (AXP, 5.5%). Compared with Q2 2025, it opened 5 new positions, sold out of 9, added to 46 and reduced 51. The biggest buy was Regeneron Pharmaceuticals (REGN, shares +5191%) and the biggest sale Amphenol Class A (APH, shares −24%).

Most Recent 13F
Q2 2026
Location
BOCA RATON, FL
CIK
0001262677
Portfolio Value
$644.2M (Q3 2025)
SEC Filing
0001262677-25-000005 ↗ filed Oct 23, 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 Q1 2025 Q2 2025: $575.8M Q2 2025 Q3 2025: $644.2M $644.2M Q3 2025 Q4 2025: $689.6M Q4 2025 Q1 2026: $676.4M Q1 2026 Q2 2026: $831.6M Q2 2026

Holdings 127 stocks · $644.2M
GOOG Alphabet Inc. Class C 6.91% 182,813 $44.5M Reduce -0.8%
JPM JPMorgan Chase & Co. 6.64% 135,592 $42.8M Reduce -1.3%
AXP American Express Co. 5.46% 105,946 $35.2M Add +0.9%
TSM Taiwan Semiconductor-SP ADR 5.14% 118,489 $33.1M Add +2.8%
APH Amphenol Corp. Class A 5.02% 261,421 $32.4M Reduce -23.6%
SYK Stryker Corp. 3.84% 66,909 $24.7M Add +5.3%
RCL Royal Caribbean Cruises Ltd. 3.83% 76,156 $24.6M Reduce -2.4%
QCOM Qualcomm Inc. 3.20% 123,729 $20.6M Add +3.8%
CAT Caterpillar Inc. 3.12% 42,063 $20.1M Add +2.9%
V Visa Inc. Class A 2.99% 56,351 $19.2M Add +1.2%
AMZN Amazon.com Inc. 2.78% 81,452 $17.9M Add +3.6%
IGV iShares Expanded Tech-Softwa 2.71% 152,003 $17.5M Add +1.2%
SE Sea Ltd.-ADR 2.66% 96,009 $17.2M Add +3.0%
LOW Lowe's Cos Inc. 2.61% 66,836 $16.8M Add +2.9%
A Agilent Technologies Inc. 2.53% 126,929 $16.3M Add +5.7%
ECL Ecolab Inc. 2.52% 59,334 $16.2M Add +8.7%
CMI Cummins Inc. 2.37% 36,097 $15.2M Add +0.3%
AMD Advanced Micro Devices 2.35% 93,539 $15.1M Add +3.8%
LIN Linde PLC 2.25% 30,504 $14.5M Add +1.4%
GILD Gilead Sciences Inc. 1.97% 114,518 $12.7M Add +0.8%
NEE Nextera Energy Inc. 1.95% 166,514 $12.6M Add +3.7%
REGN Regeneron Pharmaceuticals 1.85% 21,165 $11.9M Add +5191.3%
MDT Medtronic PLC 1.83% 123,996 $11.8M Add +5.3%
MRK Merck & Co. Inc. 1.68% 129,031 $10.8M Add +2.1%
JPST JPMorgan Ultra-Short Income 1.67% 211,804 $10.7M Add +10.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.63% 91,788 $10.5M Add +12.8%
TSLA Tesla Inc. 1.61% 23,388 $10.4M Add +0.1%
MSFT Microsoft Corp. 1.45% 18,029 $9.3M Add +2.9%
NKE Nike Inc. Class B 1.43% 131,916 $9.2M Reduce -0.2%
AAPL Apple Inc. 1.32% 33,453 $8.5M Reduce -3.8%
GOOGL Alphabet Inc. Class A 1.11% 29,449 $7.2M Reduce -3.7%
IJR iShares Core S&P Small-Cap E 0.94% 50,899 $6.0M Reduce -3.0%
PGX Invesco Preferred ETF 0.73% 406,637 $4.7M Reduce -0.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.52% 5,026 $3.3M Reduce -1.6%
DIVO Amplify CWP Enhan Divid ETF 0.48% 69,371 $3.1M Reduce -6.0%
JSCP JPMorgan Short Duration Core 0.47% 63,035 $3.0M Add +16.2%
LRCX Lam Research Corp. 0.40% 19,123 $2.6M Add +15.0%
NVDA Nvidia Corp. 0.35% 12,198 $2.3M Reduce -13.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.27% 51,292 $1.8M Reduce -4.5%
XLK SS Technology Select Sector 0.27% 6,191 $1.7M Reduce -10.2%
JNJ Johnson & Johnson 0.26% 9,131 $1.7M Reduce -1.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.25% 3,394 $1.6M Add +2.6%
PFF iShares Preferred & Income S 0.24% 49,628 $1.6M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 0.24% 3,047 $1.5M Reduce -9.8%
BLK BlackRock Inc. 0.23% 1,258 $1.5M Add +1.5%
EWBC East West Bancorp Inc. 0.21% 12,950 $1.4M No change
FCNCA First Citizens Bcshs Class A 0.21% 750 $1.3M No change
AME Ametek Inc. 0.19% 6,393 $1.2M No change
EEM iShares MSCI Emerging Market 0.17% 20,771 $1.1M Reduce -0.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.16% 5,655 $1.1M Reduce -3.1%
IEFA iShares Core MSCI Eafe ETF 0.16% 12,069 $1.1M Add +1.3%
VCIT Vanguard Int-Term Corporate 0.15% 11,301 $951K Reduce -1.4%
ORCL Oracle Corp. 0.15% 3,377 $950K Add +1.3%
VGT Vanguard Info Tech ETF 0.14% 1,232 $920K No change
DLN Wisdomtree US Largecap Divid 0.14% 10,000 $870K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.13% 9,370 $817K Reduce -6.2%
VTI VG Morningstar TS MKT ETF-US 0.12% 2,394 $786K Reduce -16.3%
QQQ Invesco QQQ Trust Series 1 0.12% 1,245 $747K Add +2.4%
XOM Exxon Mobil Corp. 0.12% 6,582 $742K Reduce -2.9%
SDY SS SPDR S&P Dividend ETF 0.11% 5,203 $729K No change
ET Energy Transfer LP 0.11% 42,414 $728K Add +0.1%
HD Home Depot Inc. 0.11% 1,743 $706K Add +2.7%
MRSH Marsh & McLennan Cos 0.11% 3,500 $705K No change
VOO Vanguard S&P 500 ETF 0.10% 1,070 $655K Add +0.9%
MA Mastercard Inc. Class A 0.10% 1,132 $644K Reduce -10.1%
JNK SS SPDR BB High Yield Bond 0.09% 6,104 $598K Reduce -9.8%
FNDX Schwab Fndmntl US LRG Co. ETF 0.09% 21,924 $577K Reduce -2.5%
ASML ASML Holding NV-NY Reg SHS 0.09% 581 $562K New
XLV SS Health Care Select Sector 0.09% 3,976 $553K Reduce -5.5%
IVV iShares Core S&P 500 ETF 0.08% 811 $543K Reduce -10.2%
TAIT Taitron Components Inc. Class A 0.08% 215,597 $535K No change
BA The Boeing Co. 0.08% 2,454 $530K Add +1.0%
XLY SS Consumer Disc Select Sect 0.07% 1,988 $476K Reduce -7.9%
DXJ Wisdomtree Japan Hedged Eq 0.07% 3,448 $441K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.07% 5,308 $431K Reduce -3.3%
MUB iShares National Muni Bond E 0.07% 4,023 $428K Reduce -2.2%
ADP Automatic Data Processing 0.07% 1,446 $424K No change
AVGO Broadcom Inc. 0.06% 1,256 $414K Add +5.5%
IEMG iShares Core MSCI Emerging 0.06% 6,083 $401K Reduce -1.7%
CAC Camden National Corp. 0.06% 10,326 $398K No change
AZN Astrazeneca PLC-Spons ADR 0.06% 5,009 $384K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 1,299 $367K Reduce -14.3%
ACM Aecom 0.06% 2,800 $365K No change
DBJP Xtrackers MSCI Japan Hedged 0.06% 4,248 $361K No change
VHT Vanguard Health Care ETF 0.05% 1,354 $351K No change
PFE Pfizer Inc. 0.05% 13,630 $347K Reduce -0.4%
FNDA Schwab Fndmntl US SM Co. ETF 0.05% 10,798 $336K Reduce -2.8%
SCHW Schwab (charles) Corp. 0.05% 3,461 $330K Add +5.0%
META Meta Platforms Inc. Class A 0.05% 448 $329K Reduce -50.8%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.05% 7,588 $326K Reduce -5.0%
MELI MercadoLibre Inc. 0.05% 139 $325K No change
SCHB Schwab US Broad Market ETF 0.05% 12,525 $322K Reduce -2.7%
AMLP Alerian MLP ETF 0.05% 6,700 $314K Add +8.1%
GLDM SPDR Gold Minishares Trust 0.05% 4,055 $310K Add +0.3%
NFLX Netflix Inc. 0.05% 254 $305K Reduce -6.6%
OFG Ofg Bancorp 0.05% 7,000 $304K No change
QQQM Invesco Nasdaq 100 ETF 0.05% 1,180 $292K Add +11.7%
USIG iShares Broad Usd Investment 0.04% 5,419 $283K Add +9.4%
SPSM SS SPDR P S&P 600 Small Cap 0.04% 6,000 $278K Reduce -14.2%
APLD Applied Digital Corp. 0.04% 12,000 $275K No change
VB Vanguard Most SM-Cap ETF-Usd 0.04% 1,045 $266K Reduce -28.9%
MS Morgan Stanley 0.04% 1,666 $265K Add +0.7%
VEA Vanguard Ftse Developed ETF 0.04% 4,411 $264K Add +19.4%
AGG iShares Core U.S. Aggregate 0.04% 2,580 $259K Reduce -7.3%
WMT Walmart Inc. 0.04% 2,495 $257K Add +6.8%
HON Honeywell International Inc. 0.04% 1,195 $252K No change
VZ Verizon Communications Inc. 0.04% 5,583 $245K Add +15.6%
KO The Coca-Cola Co. 0.04% 3,643 $242K Reduce -2.9%
ABT Abbott Laboratories 0.04% 1,789 $240K Reduce -16.4%
BNDX Vanguard Total Intl Bond ETF 0.04% 4,793 $237K Reduce -0.7%
PG The Procter & Gamble Co. 0.04% 1,539 $237K Reduce -23.5%
RTX RTX Corp. 0.04% 1,405 $235K Reduce -4.8%
BRT BRT Apartments Corp. 0.04% 15,000 $235K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.04% 750 $231K Reduce -29.9%
TRUE Truecar Inc. 0.04% 125,000 $230K No change
LLY Eli Lilly & Co. 0.03% 295 $225K Reduce -1.7%
IWF iShares Russell 1000 Growth 0.03% 480 $225K Reduce -14.3%
NRIM Northrim Bancorp Inc. 0.03% 10,364 $224K No change
SO The Southern Co. 0.03% 2,311 $219K No change
SCHG Schwab US Large-Cap Growth 0.03% 6,732 $215K New
XLI SS Industrial Select Sector 0.03% 1,388 $214K New
FNDC Schwab Fndmnt Intl SM Eq ETF 0.03% 4,805 $214K Reduce -0.9%
COST Costco Wholesale Corp. 0.03% 230 $212K Add +6.0%
BP BP PLC-Spons ADR 0.03% 6,027 $208K New
PPA Invesco Aerospace & Defense 0.03% 1,300 $202K New
BHR Braemar Hotels & Resorts Inc. 0.03% 70,000 $191K No change
ANIK Anika Therapeutics Inc. 0.03% 19,400 $182K No change

Portfolio Sells Q2 2025 → Q3 2025
APH Amphenol Corp. Class A Reduce -23.6% 5.02% −0.84
RCL Royal Caribbean Cruises Ltd. Reduce -2.4% 3.83% −0.42
JPM JPMorgan Chase & Co. Reduce -1.3% 6.64% −0.28
NKE Nike Inc. Class B Reduce -0.2% 1.43% −0.20
TLT iShares 20+ Year Treasury BD Sold out 0.00% −0.08
BBVA Banco Bilbao Vizcaya-SP ADR Sold out 0.00% −0.08
IWV iShares Russell 3000 ETF Sold out 0.00% −0.08
META Meta Platforms Inc. Class A Reduce -50.8% 0.05% −0.07
DIVO Amplify CWP Enhan Divid ETF Reduce -6.0% 0.48% −0.07
SAN Banco Santander SA-Spon ADR Sold out 0.00% −0.06
IJR iShares Core S&P Small-Cap E Reduce -3.0% 0.94% −0.06
PGX Invesco Preferred ETF Reduce -0.3% 0.73% −0.06
DFUS Dimensional US Eq MKT ETF Sold out 0.00% −0.06
BRK.B Berkshire Hathaway Inc. Class B Reduce -9.8% 0.24% −0.05
VO Vngrd Mrngstr MD-Cap ETF-Usd Sold out 0.00% −0.04
SLB SLB Ltd. Reduce -4.5% 0.27% −0.04
SPDW Ste STR SPDR PT DW Eu ETF Sold out 0.00% −0.04
SCHD Schwab US DVD Equity ETF Sold out 0.00% −0.04
XLK SS Technology Select Sector Reduce -10.2% 0.27% −0.03
NVDA Nvidia Corp. Reduce -13.1% 0.35% −0.03
VTI VG Morningstar TS MKT ETF-US Reduce -16.3% 0.12% −0.03
ETW Eaton Vance T/M GLBL Buy-WR Sold out 0.00% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.6% 0.52% −0.03
MA Mastercard Inc. Class A Reduce -10.1% 0.10% −0.02
PFF iShares Preferred & Income S Reduce -0.7% 0.24% −0.02
JNK SS SPDR BB High Yield Bond Reduce -9.8% 0.09% −0.02
IBM Intl Business Machines Corp. Reduce -14.3% 0.06% −0.02
VB Vanguard Most SM-Cap ETF-Usd Reduce -28.9% 0.04% −0.02
PG The Procter & Gamble Co. Reduce -23.5% 0.04% −0.02
VCIT Vanguard Int-Term Corporate Reduce -1.4% 0.15% −0.02
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -29.9% 0.04% −0.02
NFLX Netflix Inc. Reduce -6.6% 0.05% −0.02
VTV Vanguard Mrngstr Val ETF-Aui Reduce -3.1% 0.16% −0.02
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -6.2% 0.13% −0.01
ABT Abbott Laboratories Reduce -16.4% 0.04% −0.01
IVV iShares Core S&P 500 ETF Reduce -10.2% 0.08% −0.01
XLV SS Health Care Select Sector Reduce -5.5% 0.09% −0.01
XOM Exxon Mobil Corp. Reduce -2.9% 0.12% −0.01
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -3.3% 0.07% −0.01
KO The Coca-Cola Co. Reduce -2.9% 0.04% −0.01
SPSM SS SPDR P S&P 600 Small Cap Reduce -14.2% 0.04% −0.01
MUB iShares National Muni Bond E Reduce -2.2% 0.07% −0.01
AGG iShares Core U.S. Aggregate Reduce -7.3% 0.04% −0.01
XLY SS Consumer Disc Select Sect Reduce -7.9% 0.07% −0.01
IWF iShares Russell 1000 Growth Reduce -14.3% 0.03% −0.01
FNDX Schwab Fndmntl US LRG Co. ETF Reduce -2.5% 0.09% −0.01
LLY Eli Lilly & Co. Reduce -1.7% 0.03% −0.01
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -5.0% 0.05% −0.00
BNDX Vanguard Total Intl Bond ETF Reduce -0.7% 0.04% −0.00
PFE Pfizer Inc. Reduce -0.4% 0.05% −0.00

Portfolio Buys Q2 2025 → Q3 2025
REGN Regeneron Pharmaceuticals Add +5191.3% 1.85% +1.81
TSM Taiwan Semiconductor-SP ADR Add +2.8% 5.14% +0.61
CAT Caterpillar Inc. Add +2.9% 3.12% +0.36
TSLA Tesla Inc. Add +0.1% 1.61% +0.33
CMI Cummins Inc. Add +0.3% 2.37% +0.32
AMD Advanced Micro Devices Add +3.8% 2.35% +0.13
LRCX Lam Research Corp. Add +15.0% 0.40% +0.12
LOW Lowe's Cos Inc. Add +2.9% 2.61% +0.10
ASML ASML Holding NV-NY Reg SHS New 0.09% +0.09
SE Sea Ltd.-ADR Add +3.0% 2.66% +0.07
A Agilent Technologies Inc. Add +5.7% 2.53% +0.07
MDT Medtronic PLC Add +5.3% 1.83% +0.05
SCHG Schwab US Large-Cap Growth New 0.03% +0.03
XLI SS Industrial Select Sector New 0.03% +0.03
BP BP PLC-Spons ADR New 0.03% +0.03
PPA Invesco Aerospace & Defense New 0.03% +0.03
ORCL Oracle Corp. Add +1.3% 0.15% +0.02
JSCP JPMorgan Short Duration Core Add +16.2% 0.47% +0.02
NEE Nextera Energy Inc. Add +3.7% 1.95% +0.02
AVGO Broadcom Inc. Add +5.5% 0.06% +0.01
VEA Vanguard Ftse Developed ETF Add +19.4% 0.04% +0.00
QQQM Invesco Nasdaq 100 ETF Add +11.7% 0.05% +0.00
GLDM SPDR Gold Minishares Trust Add +0.3% 0.05% +0.00
BLK BlackRock Inc. Add +1.5% 0.23% +0.00
VZ Verizon Communications Inc. Add +15.6% 0.04% +0.00
HD Home Depot Inc. Add +2.7% 0.11% +0.00
VUG Vanguard Mrngstar GR ETF-Sui Add +2.6% 0.25% +0.00
MS Morgan Stanley Add +0.7% 0.04% +0.00
WMT Walmart Inc. Add +6.8% 0.04% +0.00
USIG iShares Broad Usd Investment Add +9.4% 0.04% −0.00
QQQ Invesco QQQ Trust Series 1 Add +2.4% 0.12% −0.00
SCHW Schwab (charles) Corp. Add +5.0% 0.05% −0.00
VOO Vanguard S&P 500 ETF Add +0.9% 0.10% −0.00
AMLP Alerian MLP ETF Add +8.1% 0.05% −0.00
COST Costco Wholesale Corp. Add +6.0% 0.03% −0.00
BA The Boeing Co. Add +1.0% 0.08% −0.01
IEFA iShares Core MSCI Eafe ETF Add +1.3% 0.16% −0.01
JPST JPMorgan Ultra-Short Income Add +10.7% 1.67% −0.02
ET Energy Transfer LP Add +0.1% 0.11% −0.02
ECL Ecolab Inc. Add +8.7% 2.52% −0.03
MRK Merck & Co. Inc. Add +2.1% 1.68% −0.06
MSFT Microsoft Corp. Add +2.9% 1.45% −0.06
QCOM Qualcomm Inc. Add +3.8% 3.20% −0.10
DIS The Walt Disney Co. Add +12.8% 1.63% −0.12
IGV iShares Expanded Tech-Softwa Add +1.2% 2.71% −0.14
LIN Linde PLC Add +1.4% 2.25% −0.20
GILD Gilead Sciences Inc. Add +0.8% 1.97% −0.21
AMZN Amazon.com Inc. Add +3.6% 2.78% −0.22
AXP American Express Co. Add +0.9% 5.46% −0.36
V Visa Inc. Class A Add +1.2% 2.99% −0.45

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