Noesis Capital Mangement Corp.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Noesis Capital Mangement Corp. reported 132 stock positions worth $689.6 million. Its top holding was Alphabet Class C (GOOG) at 7.6% of the portfolio, followed by JPMorgan Chase (JPM, 6.3%) and American Express (AXP, 5.7%). Compared with Q3 2025, it opened 8 new positions, sold out of 3, added to 69 and reduced 34. The biggest buy was a new position in Alerian MLP ETN2044 (AMJB) and the biggest sale Alphabet Class A (GOOGL, shares −43%).

Most Recent 13F
Q2 2026
Location
BOCA RATON, FL
CIK
0001262677
Portfolio Value
$689.6M (Q4 2025)
SEC Filing
0001262677-26-000001 ↗ filed Feb 5, 2026

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 Q3 2025 Q4 2025: $689.6M $689.6M Q4 2025 Q1 2026: $676.4M Q1 2026 Q2 2026: $831.6M Q2 2026

Holdings 132 stocks · $689.6M
GOOG Alphabet Inc. Class C 7.64% 167,969 $52.7M Reduce -8.1%
JPM JPMorgan Chase & Co. 6.33% 135,557 $43.7M Reduce -0.0%
AXP American Express Co. 5.74% 107,064 $39.6M Add +1.1%
TSM Taiwan Semiconductor-SP ADR 5.19% 117,793 $35.8M Reduce -0.6%
APH Amphenol Corp. Class A 5.09% 259,676 $35.1M Reduce -0.7%
SYK Stryker Corp. 3.53% 69,303 $24.4M Add +3.6%
CAT Caterpillar Inc. 3.43% 41,242 $23.6M Reduce -1.9%
RCL Royal Caribbean Cruises Ltd. 3.17% 78,431 $21.9M Add +3.0%
QCOM Qualcomm Inc. 3.13% 126,160 $21.6M Add +2.0%
V Visa Inc. Class A 2.94% 57,747 $20.3M Add +2.5%
AMD Advanced Micro Devices 2.88% 92,732 $19.9M Reduce -0.9%
AMZN Amazon.com Inc. 2.83% 84,418 $19.5M Add +3.6%
CMI Cummins Inc. 2.64% 35,605 $18.2M Reduce -1.4%
A Agilent Technologies Inc. 2.50% 126,532 $17.2M Reduce -0.3%
REGN Regeneron Pharmaceuticals 2.39% 21,387 $16.5M Add +1.1%
IGV iShares Expanded Tech-Softwa 2.36% 154,074 $16.3M Add +1.4%
ECL Ecolab Inc. 2.34% 61,559 $16.2M Add +3.8%
LOW Lowe's Cos Inc. 2.34% 66,879 $16.1M Add +0.1%
GILD Gilead Sciences Inc. 2.05% 115,263 $14.1M Add +0.7%
MRK Merck & Co. Inc. 2.01% 131,913 $13.9M Add +2.2%
LIN Linde PLC 2.01% 32,510 $13.9M Add +6.6%
JPST JPMorgan Ultra-Short Income 1.97% 267,919 $13.6M Add +26.5%
NEE Nextera Energy Inc. 1.96% 168,181 $13.5M Add +1.0%
SE Sea Ltd.-ADR 1.83% 98,683 $12.6M Add +2.8%
MDT Medtronic PLC 1.72% 123,545 $11.9M Reduce -0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.56% 94,326 $10.7M Add +2.8%
TSLA Tesla Inc. 1.53% 23,435 $10.5M Add +0.2%
AAPL Apple Inc. 1.31% 33,169 $9.0M Reduce -0.8%
MSFT Microsoft Corp. 1.30% 18,601 $9.0M Add +3.2%
NKE Nike Inc. Class B 1.24% 133,971 $8.5M Add +1.6%
IJR iShares Core S&P Small-Cap E 0.87% 49,866 $6.0M Reduce -2.0%
GOOGL Alphabet Inc. Class A 0.77% 16,931 $5.3M Reduce -42.5%
JSCP JPMorgan Short Duration Core 0.69% 99,645 $4.7M Add +58.1%
AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC 0.68% 157,742 $4.7M New
PGX Invesco Preferred ETF 0.66% 406,916 $4.6M Add +0.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.50% 5,096 $3.5M Add +1.4%
LRCX Lam Research Corp. 0.47% 19,123 $3.3M No change
DIVO Amplify CWP Enhan Divid ETF 0.46% 71,511 $3.2M Add +3.1%
NVDA Nvidia Corp. 0.33% 12,379 $2.3M Add +1.5%
EWBC East West Bancorp Inc. 0.28% 17,373 $2.0M Add +34.1%
JNJ Johnson & Johnson 0.27% 9,129 $1.9M Reduce -0.0%
SLB SLB Ltd. filed as SLB LIMITED 0.27% 48,838 $1.9M Reduce -4.8%
XLK SS Technology Select Sector 0.25% 11,940 $1.7M Reduce -3.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.24% 3,410 $1.7M Add +0.5%
PFF iShares Preferred & Income S 0.23% 51,987 $1.6M Add +4.8%
FCNCA First Citizens Bcshs Class A 0.23% 740 $1.6M Reduce -1.3%
BRK.B Berkshire Hathaway Inc. Class B 0.22% 3,007 $1.5M Reduce -1.3%
BLK BlackRock Inc. 0.20% 1,260 $1.3M Add +0.2%
AME Ametek Inc. 0.19% 6,367 $1.3M Reduce -0.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.18% 6,460 $1.2M Add +14.2%
EEM iShares MSCI Emerging Market 0.17% 21,126 $1.2M Add +1.7%
VTI VG Morningstar TS MKT ETF-US 0.16% 3,328 $1.1M Add +39.0%
IEFA iShares Core MSCI Eafe ETF 0.15% 11,950 $1.1M Reduce -1.0%
VCIT Vanguard Int-Term Corporate 0.15% 12,281 $1.0M Add +8.7%
VGT Vanguard Info Tech ETF 0.14% 1,238 $933K Add +0.5%
QQQ Invesco QQQ Trust Series 1 0.11% 1,286 $790K Add +3.3%
XOM Exxon Mobil Corp. 0.11% 6,478 $780K Reduce -1.6%
VOO Vanguard S&P 500 ETF 0.11% 1,177 $738K Add +10.0%
SDY SS SPDR S&P Dividend ETF 0.10% 5,093 $709K Reduce -2.1%
DLN Wisdomtree US Largecap Divid 0.10% 8,000 $705K Reduce -20.0%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.10% 16,144 $689K Reduce -13.8%
ET Energy Transfer LP 0.10% 41,492 $684K Reduce -2.2%
ORCL Oracle Corp. 0.10% 3,372 $657K Reduce -0.1%
MRSH Marsh & McLennan Cos 0.09% 3,500 $649K No change
MA Mastercard Inc. Class A 0.09% 1,136 $649K Add +0.3%
XLV SS Health Care Select Sector 0.09% 4,023 $623K Add +1.2%
ASML ASML Holding NV-NY Reg SHS 0.09% 581 $622K No change
HD Home Depot Inc. 0.09% 1,770 $609K Add +1.6%
FNDX Schwab Fndmntl US LRG Co. ETF 0.09% 22,093 $601K Add +0.8%
JNK SS SPDR BB High Yield Bond 0.08% 5,579 $542K Reduce -8.6%
IVV iShares Core S&P 500 ETF 0.08% 774 $530K Reduce -4.6%
BA The Boeing Co. 0.08% 2,430 $528K Reduce -1.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 1,688 $500K Add +29.9%
DXJ Wisdomtree Japan Hedged Eq 0.07% 3,448 $497K No change
XLY SS Consumer Disc Select Sect 0.07% 3,914 $467K Reduce -1.6%
MUB iShares National Muni Bond E 0.07% 4,323 $463K Add +7.5%
AZN Astrazeneca PLC-Spons ADR 0.07% 5,034 $463K Add +0.5%
AVGO Broadcom Inc. 0.07% 1,335 $462K Add +6.3%
CAC Camden National Corp. 0.07% 10,326 $448K No change
IBIO Ibio Inc. 0.06% 224,200 $433K New
IEMG iShares Core MSCI Emerging 0.06% 6,092 $410K Add +0.1%
ADP Automatic Data Processing 0.06% 1,568 $403K Add +8.4%
DBJP Xtrackers MSCI Japan Hedged 0.06% 4,248 $402K No change
VHT Vanguard Health Care ETF 0.06% 1,354 $390K No change
VEA Vanguard Ftse Developed ETF 0.06% 6,166 $385K Add +39.8%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.05% 4,626 $373K Reduce -12.8%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.05% 7,954 $360K Add +4.8%
SCHW Schwab (charles) Corp. 0.05% 3,583 $358K Add +3.5%
FNDA Schwab Fndmntl US SM Co. ETF 0.05% 11,334 $357K Add +5.0%
GLDM SPDR Gold Minishares Trust 0.05% 4,055 $346K No change
PFE Pfizer Inc. 0.05% 13,805 $344K Add +1.3%
LLY Eli Lilly & Co. 0.05% 304 $327K Add +3.0%
WMT Walmart Inc. 0.05% 2,870 $320K Add +15.0%
QQQM Invesco Nasdaq 100 ETF 0.05% 1,259 $318K Add +6.7%
AMLP Alerian MLP ETF 0.05% 6,700 $315K No change
MS Morgan Stanley 0.04% 1,715 $304K Add +2.9%
SCHB Schwab US Broad Market ETF 0.04% 11,434 $300K Reduce -8.7%
AGG iShares Core U.S. Aggregate 0.04% 2,946 $294K Add +14.2%
VB Vanguard Most SM-Cap ETF-Usd 0.04% 1,126 $290K Add +7.8%
OFG Ofg Bancorp 0.04% 7,000 $287K No change
RTX RTX Corp. 0.04% 1,558 $286K Add +10.9%
TRUE Truecar Inc. 0.04% 125,000 $283K No change
SPSM SS SPDR P S&P 600 Small Cap 0.04% 6,000 $281K No change
USIG iShares Broad Usd Investment 0.04% 5,419 $281K No change
MELI MercadoLibre Inc. 0.04% 139 $280K No change
NRIM Northrim Bancorp Inc. 0.04% 10,364 $276K No change
VZ Verizon Communications Inc. 0.04% 6,749 $275K Add +20.9%
KO The Coca-Cola Co. 0.04% 3,852 $269K Add +5.7%
ACM Aecom 0.04% 2,800 $267K No change
PG The Procter & Gamble Co. 0.04% 1,847 $265K Add +20.0%
MDY State Street SPDR S&P Midcap 0.04% 430 $259K New
RSP Invesco S&P 500 Equal Weight 0.04% 1,346 $258K New
NFLX Netflix Inc. 0.04% 2,640 $248K Add +3.9%
ABT Abbott Laboratories 0.04% 1,966 $246K Add +9.9%
HON Honeywell International Inc. 0.03% 1,228 $240K Add +2.8%
SO The Southern Co. 0.03% 2,671 $233K Add +15.6%
BNDX Vanguard Total Intl Bond ETF 0.03% 4,816 $233K Add +0.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.03% 737 $232K Reduce -1.7%
META Meta Platforms Inc. Class A 0.03% 350 $231K Reduce -21.9%
SCHG Schwab US Large-Cap Growth 0.03% 7,053 $230K Add +4.8%
IWF iShares Russell 1000 Growth 0.03% 480 $227K No change
BRT BRT Apartments Corp. 0.03% 15,000 $221K No change
FNDC Schwab Fndmnt Intl SM Eq ETF 0.03% 4,914 $219K Add +2.3%
XLI SS Industrial Select Sector 0.03% 1,369 $212K Reduce -1.4%
BP BP PLC-Spons ADR 0.03% 6,027 $209K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.03% 720 $209K New
DAL Delta Air Lines Inc. 0.03% 3,000 $208K New
CSCO Cisco Systems Inc. 0.03% 2,649 $204K New
COST Costco Wholesale Corp. 0.03% 237 $204K Add +3.0%
VIG Vanguard Dividend Apprec ETF 0.03% 920 $202K New
BHR Braemar Hotels & Resorts Inc. 0.03% 70,000 $201K No change
ANIK Anika Therapeutics Inc. 0.03% 19,400 $186K No change

Portfolio Sells Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Reduce -42.5% 0.77% −0.34
JPM JPMorgan Chase & Co. Reduce -0.0% 6.33% −0.31
MDT Medtronic PLC Reduce -0.4% 1.72% −0.11
TAIT Taitron Components Inc. Class A Sold out 0.00% −0.08
IJR iShares Core S&P Small-Cap E Reduce -2.0% 0.87% −0.07
ORCL Oracle Corp. Reduce -0.1% 0.10% −0.05
APLD Applied Digital Corp. Sold out 0.00% −0.04
DLN Wisdomtree US Largecap Divid Reduce -20.0% 0.10% −0.03
A Agilent Technologies Inc. Reduce -0.3% 2.50% −0.03
PPA Invesco Aerospace & Defense Sold out 0.00% −0.03
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -13.8% 0.10% −0.03
XLK SS Technology Select Sector Reduce -3.6% 0.25% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.3% 0.22% −0.02
META Meta Platforms Inc. Class A Reduce -21.9% 0.03% −0.02
AAPL Apple Inc. Reduce -0.8% 1.31% −0.01
JNK SS SPDR BB High Yield Bond Reduce -8.6% 0.08% −0.01
ET Energy Transfer LP Reduce -2.2% 0.10% −0.01
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -12.8% 0.05% −0.01
SDY SS SPDR S&P Dividend ETF Reduce -2.1% 0.10% −0.01
IEFA iShares Core MSCI Eafe ETF Reduce -1.0% 0.15% −0.01
IVV iShares Core S&P 500 ETF Reduce -4.6% 0.08% −0.01
SCHB Schwab US Broad Market ETF Reduce -8.7% 0.04% −0.01
XLY SS Consumer Disc Select Sect Reduce -1.6% 0.07% −0.01
BA The Boeing Co. Reduce -1.0% 0.08% −0.01
XLI SS Industrial Select Sector Reduce -1.4% 0.03% −0.00
XOM Exxon Mobil Corp. Reduce -1.6% 0.11% −0.00
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -1.7% 0.03% −0.00
SLB SLB Ltd. Reduce -4.8% 0.27% −0.00
AME Ametek Inc. Reduce -0.4% 0.19% +0.00
JNJ Johnson & Johnson Reduce -0.0% 0.27% +0.01
FCNCA First Citizens Bcshs Class A Reduce -1.3% 0.23% +0.02
TSM Taiwan Semiconductor-SP ADR Reduce -0.6% 5.19% +0.05
APH Amphenol Corp. Class A Reduce -0.7% 5.09% +0.07
CMI Cummins Inc. Reduce -1.4% 2.64% +0.27
CAT Caterpillar Inc. Reduce -1.9% 3.43% +0.31
AMD Advanced Micro Devices Reduce -0.9% 2.88% +0.53
GOOG Alphabet Inc. Class C Reduce -8.1% 7.64% +0.73

Portfolio Buys Q3 2025 → Q4 2025
AMJB Alerian MLP ETN2044 New 0.68% +0.68
REGN Regeneron Pharmaceuticals Add +1.1% 2.39% +0.55
MRK Merck & Co. Inc. Add +2.2% 2.01% +0.33
JPST JPMorgan Ultra-Short Income Add +26.5% 1.97% +0.30
AXP American Express Co. Add +1.1% 5.74% +0.28
JSCP JPMorgan Short Duration Core Add +58.1% 0.69% +0.22
GILD Gilead Sciences Inc. Add +0.7% 2.05% +0.08
EWBC East West Bancorp Inc. Add +34.1% 0.28% +0.07
IBIO Ibio Inc. New 0.06% +0.06
AMZN Amazon.com Inc. Add +3.6% 2.83% +0.05
VTI VG Morningstar TS MKT ETF-US Add +39.0% 0.16% +0.04
MDY State Street SPDR S&P Midcap New 0.04% +0.04
RSP Invesco S&P 500 Equal Weight New 0.04% +0.04
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.03% +0.03
DAL Delta Air Lines Inc. New 0.03% +0.03
CSCO Cisco Systems Inc. New 0.03% +0.03
VIG Vanguard Dividend Apprec ETF New 0.03% +0.03
IBM Intl Business Machines Corp. Add +29.9% 0.07% +0.02
VTV Vanguard Mrngstr Val ETF-Aui Add +14.2% 0.18% +0.02
VEA Vanguard Ftse Developed ETF Add +39.8% 0.06% +0.01
LLY Eli Lilly & Co. Add +3.0% 0.05% +0.01
AZN Astrazeneca PLC-Spons ADR Add +0.5% 0.07% +0.01
NEE Nextera Energy Inc. Add +1.0% 1.96% +0.01
WMT Walmart Inc. Add +15.0% 0.05% +0.01
VOO Vanguard S&P 500 ETF Add +10.0% 0.11% +0.01
RTX RTX Corp. Add +10.9% 0.04% +0.00
XLV SS Health Care Select Sector Add +1.2% 0.09% +0.00
MS Morgan Stanley Add +2.9% 0.04% +0.00
AVGO Broadcom Inc. Add +6.3% 0.07% +0.00
AGG iShares Core U.S. Aggregate Add +14.2% 0.04% +0.00
VZ Verizon Communications Inc. Add +20.9% 0.04% +0.00
PG The Procter & Gamble Co. Add +20.0% 0.04% +0.00
VCIT Vanguard Int-Term Corporate Add +8.7% 0.15% +0.00
KO The Coca-Cola Co. Add +5.7% 0.04% +0.00
FNDF Schwab Fndmn Intl LRG Co. ETF Add +4.8% 0.05% +0.00
QQQM Invesco Nasdaq 100 ETF Add +6.7% 0.05% +0.00
VB Vanguard Most SM-Cap ETF-Usd Add +7.8% 0.04% +0.00
MUB iShares National Muni Bond E Add +7.5% 0.07% +0.00
SCHW Schwab (charles) Corp. Add +3.5% 0.05% +0.00
SCHG Schwab US Large-Cap Growth Add +4.8% 0.03% 0.00
SO The Southern Co. Add +15.6% 0.03% −0.00
FNDA Schwab Fndmntl US SM Co. ETF Add +5.0% 0.05% −0.00
ABT Abbott Laboratories Add +9.9% 0.04% −0.00
QQQ Invesco QQQ Trust Series 1 Add +3.3% 0.11% −0.00
FNDC Schwab Fndmnt Intl SM Eq ETF Add +2.3% 0.03% −0.00
FNDX Schwab Fndmntl US LRG Co. ETF Add +0.8% 0.09% −0.00
IEMG iShares Core MSCI Emerging Add +0.1% 0.06% −0.00
BNDX Vanguard Total Intl Bond ETF Add +0.5% 0.03% −0.00
COST Costco Wholesale Corp. Add +3.0% 0.03% −0.00
PFE Pfizer Inc. Add +1.3% 0.05% −0.00

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