MMBG INVESTMENT ADVISORS CO.

CIK 1765876 · View on SEC EDGAR ↗

Portfolio value
$1.3B
#2,086 of 9,443 by 13F value · top 22.1%
Positions
177
As of
June 30, 2026

Portfolio value QoQ: +16.1% 13F does not disclose cash

Top 10 holdings weight
54.91%
Top 25 holdings weight
75.73%
Positions above 1%
20
Effective number of positions
25.2

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 4.06% Est. buys $64,259,867 · sells $47,754,592

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 80.5% still held

New positions
12
Increased
47
Decreased
40
Closed
7
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+34.0%
S&P 500 total return (same window)
+28.1%
Excess return
+5.9%

Annualized: +21.6% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 91.7% · Options excluded: 0.0%

Sector breakdown

Technology
29.0%
Communication Services
16.9%
Retail
15.3%
Financials
5.1%
Financial Services
4.8%
Industrials
4.8%
Healthcare
3.3%
Consumer Discretionary
3.0%
Consumer Staples
0.5%
Materials
0.4%
Logistics & Transportation
0.2%
Energy
0.1%
Real Estate
0.1%
Other/Unmapped
16.7%

Full portfolio 177 positions

Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $121,842,262 9.64% 421,075 $20,964,798 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $113,913,832 9.02% 318,756 $21,793,123 Down ×3
AMZN Amazon.com, Inc. - Common Stock $95,170,592 7.53% 399,306 $12,751,488 Up ×2
MSFT Microsoft Corporation - Common Stock $75,700,552 5.99% 202,940 $3,283,580 Up ×3
BWMX Betterware de Mexico, S.A.P.I. de C.V. Ordinary Shares $58,718,820 4.65% 3,263,970 $899,945 Down ×5
NVDA NVIDIA Corporation - Common Stock $54,472,302 4.31% 272,239 $8,374,015 Up ×3
META Meta Platforms, Inc. - Class A Common Stock $50,449,942 3.99% 89,563 $1,944,761 Up ×3
JPM JP Morgan Chase & Co. Common Stock $49,408,258 3.91% 150,943 $7,042,964 Up ×2
MU Micron Technology, Inc. - Common Stock $37,523,659 2.97% 32,508 $23,020,508 Down ×5
GS Goldman Sachs Group, Inc. (The) Common Stock $36,584,287 2.90% 36,173 $6,054,200 Up ×4
GOOG Alphabet Inc. - Class C Capital Stock $36,404,650 2.88% 103,033 $4,210,926 Down ×3
XLV XLV $27,464,713 2.17% 173,104 $2,453,017 Up ×1
SMH SMH $24,243,006 1.92% 36,962 $9,189,572 Down ×5
AVGO Broadcom Inc. - Common Stock $21,571,867 1.71% 57,103 $4,693,500 Up ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd. $21,049,625 1.67% 43,990 $5,614,927 Down ×1
WMT Walmart Inc. - Common Stock $18,976,260 1.50% 167,546 $-1,714,109 Up ×1
V Visa Inc. $17,446,813 1.38% 50,852 $3,750,203 Up ×1
SPY SPY $14,576,882 1.15% 19,470 $584,738 Down ×2
VOO $13,412,712 1.06% 19,529 $3,328,458 Up ×2
BAC Bank of America Corporation Common Stock $13,029,788 1.03% 228,673 $2,314,148 Up ×1
XLF XLF $12,117,206 0.96% 226,025 $1,316,624 Up ×3
CX Cemex, S.A.B. de C.V. Sponsored ADR $11,153,124 0.88% 929,427 $520,479
LLY Eli Lilly and Company Common Stock $10,878,830 0.86% 9,070 $2,649,648 Up ×6
QQQ Invesco QQQ Trust, Series 1 $10,696,210 0.85% 14,525 $2,140,094 Down ×4
UBER Uber Technologies, Inc. Common Stock $10,040,848 0.79% 139,147 $556,374 Up ×3
ETN Eaton Corporation, PLC Ordinary Shares $9,918,795 0.79% 23,277 $1,489,586 Down ×1
GE GE Aerospace Common Stock $8,780,786 0.69% 23,495 Up ×1
XLK XLK $8,617,312 0.68% 45,230 $2,318,851 Down ×2
SHOP Shopify Inc. - Class A Subordinate Voting Shares $7,640,355 0.60% 66,915 $-1,580,571 Down ×6
COST Costco Wholesale Corporation - Common Stock $7,488,437 0.59% 8,005 $-1,179,508 Down ×2
IBB IBB $7,158,181 0.57% 37,637 $777,846 Down ×4
TMO Thermo Fisher Scientific Inc Common Stock $7,078,312 0.56% 14,105 $-845,348 Down ×1
XLY XLY $6,915,532 0.55% 58,966 $635,451 Up ×1
VGT $6,908,256 0.55% 57,800 $1,849,786 Up ×1
MELI MercadoLibre, Inc. - Common Stock $6,874,430 0.54% 4,050 $1,338,108 Up ×5
GEV GE Vernova Inc. Common Stock $6,458,603 0.51% 5,495 $5,327,550 Up ×1
CRM Salesforce, Inc. Common Stock $6,240,364 0.49% 39,720 $-5,217,627 Down ×3
FMX Fomento Economico Mexicano S.A.B. de C.V. Common Stock $5,504,574 0.44% 43,038 $664,790 Down ×1
RTX RTX Corporation Common Stock $5,130,299 0.41% 27,040 $-303,694 Down ×3
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $4,915,152 0.39% 50,656 $-1,239,414 Up ×2
ASML ASML Holding N.V. - New York Registry Shares $4,752,772 0.38% 2,389 $1,601,272 Up ×1
SHY iShares 1-3 Year Treasury Bond ETF $4,561,539 0.36% 55,554 $932,670 Up ×6
UNH UnitedHealth Group Incorporated Common Stock (DE) $4,542,005 0.36% 10,928 $-19,601 Down ×2
IAU $4,517,008 0.36% 59,820
SGOV iShares 0-3 Month Treasury Bond ETF $4,311,193 0.34% 42,825 $2,102,209 Up ×2
ABBV AbbVie Inc. Common Stock $4,306,819 0.34% 17,115 $584,478
XLE XLE $4,273,231 0.34% 80,460 $-886,086 Down ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $4,272,058 0.34% 5,598 $2,521,069 Up ×2
NFLX Netflix, Inc. - Common Stock $4,257,368 0.34% 59,627 $-1,437,597 Up ×3
DIS Walt Disney Company (The) Common Stock $4,249,279 0.34% 43,807 $-466,305 Down ×6
CDRO Codere Online Luxembourg, S.A. - Ordinary Shares $4,245,893 0.34% 443,667 $1,165,100 Up ×1
DHR Danaher Corporation Common Stock $4,117,282 0.33% 21,570 $-840,768 Down ×1
MCD McDonald's Corporation Common Stock $3,898,951 0.31% 14,424 $-652,258 Down ×1
XLP XLP $3,821,386 0.30% 46,002 $-326,966 Down ×1
IYW $3,781,180 0.30% 14,991 $1,061,513
VGK $3,624,031 0.29% 40,931 $176,726 Down ×2
CRH CRH PLC Ordinary Shares $3,477,500 0.28% 32,500 Up ×1
SHV iShares 0-1 Year Treasury Bond ETF $3,212,289 0.25% 29,110 $337,181 Up ×1
PANW Palo Alto Networks, Inc. - Common Stock $3,195,698 0.25% 9,371 $1,790,333 Up ×1
IEMG $3,151,648 0.25% 38,045 $403,498 Down ×1
BRKB $2,921,277 0.23% 5,838 $224,339 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $2,918,524 0.23% 22,563 $185,242
IEI iShares 3-7 Year Treasury Bond ETF $2,899,841 0.23% 24,690 $151,879 Up ×6
FCX Freeport-McMoRan, Inc. Common Stock $2,872,501 0.23% 45,675 $187,724
SBUX Starbucks Corporation - Common Stock $2,825,758 0.22% 27,652 $-2,182,950 Down ×1
XLI XLI $2,618,597 0.21% 14,137 $-100,084 Down ×1
APO Apollo Global Management, Inc. (New) Common Stock $2,607,434 0.21% 22,039 $-290,489 Down ×2
AZN AstraZeneca PLC - American Depositary Shares $2,562,525 0.20% 13,514 $397,247 Up ×1
IYJ $2,388,095 0.19% 14,330 $273,847
NOW ServiceNow, Inc. Common Stock $2,250,678 0.18% 22,670 $-128,357 Down ×2
PFF iShares Preferred and Income Securities ETF $2,232,020 0.18% 73,205 $12,444
ANGX Angel Studios, Inc. Class A Common Stock $2,192,983 0.17% 597,543 $370,477
AMGN Amgen Inc. - Common Stock $2,188,653 0.17% 6,044 $62,072
VCSH Vanguard Short-Term Corporate Bond ETF $2,172,772 0.17% 27,493 $-6,598
EWJ $2,149,169 0.17% 23,042 $290,860 Up ×3
GLD $2,142,130 0.17% 5,815 $-360,006
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $2,129,785 0.17% 40,637 $32,010 Up ×6
FDX FedEx Corporation Common Stock $2,053,334 0.16% 6,532 $-883,524 Down ×1
AAXJ iShares MSCI All Country Asia ex Japan ETF $1,966,797 0.16% 16,482 $391,493 Up ×1
DSI $1,962,846 0.16% 13,785 $292,242
BA Boeing Company (The) Common Stock $1,949,312 0.15% 9,005 $310,300 Up ×1
DELL Dell Technologies Inc. Class C Common Stock $1,901,013 0.15% 4,406 $1,177,856
IJH $1,873,387 0.15% 24,295 $214,175 Down ×1
SPGI S&P Global Inc. Common Stock $1,863,215 0.15% 4,575 $-82,716
IVV $1,852,754 0.15% 2,474 $236,712
IYF $1,849,023 0.15% 14,501 $142,835
IYH $1,840,765 0.15% 27,470 $147,514
SPOT Spotify Technology S.A. Ordinary Shares $1,810,350 0.14% 3,943 $-121,047 Down ×1
CIBR First Trust NASDAQ Cybersecurity ETF $1,665,100 0.13% 18,532 $524,825 Up ×3
ORCL Oracle Corporation Common Stock $1,654,110 0.13% 11,287 $190,807 Up ×4
B Barrick Mining Corporation Common Shares $1,586,736 0.13% 43,200 $-175,392
MA Mastercard Incorporated Common Stock $1,556,208 0.12% 3,030 $42,238
EZU $1,475,833 0.12% 21,235 $145,673
USIG iShares Broad USD Investment Grade Corporate Bond ETF $1,425,606 0.11% 27,795 $1,668
RSP $1,333,217 0.11% 6,266 $130,646
XLB XLB $1,278,883 0.10% 25,160 $21,638
GDX GDX $1,268,692 0.10% 16,815 $-274,421
FEZ $1,235,141 0.10% 17,984 $-56,682 Down ×1
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $1,190,841 0.09% 12,348 $129,150 Up ×3
DE Deere & Company Common Stock $1,116,092 0.09% 1,755 $73,815 Down ×3

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
MSFT $75,700,552 5.99% up ×3
NVDA $54,472,302 4.31% up ×3
META $50,449,942 3.99% up ×3
GS $36,584,287 2.90% up ×4
XLF $12,117,206 0.96% up ×3
LLY $10,878,830 0.86% up ×6
UBER $10,040,848 0.79% up ×3
MELI $6,874,430 0.54% up ×5
SHY $4,561,539 0.36% up ×6
NFLX $4,257,368 0.34% up ×3
IEI $2,899,841 0.23% up ×6
EWJ $2,149,169 0.17% up ×3
IGSB $2,129,785 0.17% up ×6
CIBR $1,665,100 0.13% up ×3
ORCL $1,654,110 0.13% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
GE $8,780,786 23,495 0.69%
IAU $4,517,008 59,820 0.36%
CRH $3,477,500 32,500 0.28%
TOPT $823,000 25,000 0.07%
Unknown issuer (CUSIP: 314352105) $458,587 3,037 0.04%
Unknown issuer (CUSIP: 43849R105) $372,741 1,686 0.03%
QQQM $346,901 1,145 0.03%
AMD $342,737 590 0.03%
OPEN $231,304 50,897 0.02%
EEMA $228,072 1,950 0.02%
IBOC $202,559 2,667 0.02%
MRNA $200,286 2,860 0.02%

Top movers (QoQ)

Security Action Shares Δ Value Δ
MU Trimmed -10K +$23.0M
GOOGL Trimmed -2K +$21.8M
AAPL Bought more +24K +$21.0M
AMZN Bought more +4K +$12.8M
SMH Trimmed -2K +$9.2M
NVDA Bought more +8K +$8.4M
JPM Bought more +7K +$7.0M
GS Bought more +85 +$6.1M
TSM Trimmed -2K +$5.6M
CRM Trimmed -22K -$5.2M

1 position hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
TCEHY March 31, 2026 162,625 $12,448,944 No longer tracked
DXJ June 30, 2026 35,417 $5,616,428 No longer tracked
IAU March 31, 2026 42,900 $3,482,193 No longer tracked
IAU June 30, 2025 42,900 $2,529,384 No longer tracked
MS Dec. 31, 2025 12,065 $1,917,852 19.2%
TMUS Dec. 31, 2025 7,400 $1,771,412 -9.9%
NEE Dec. 31, 2025 22,355 $1,687,579 5.9%
SLV Dec. 31, 2025 38,405 $1,627,220 No longer tracked
ISRG Dec. 31, 2025 3,555 $1,589,903 -34.0%
TMUS March 31, 2025 4,895 $1,080,473 -31.4%
MDLZ Dec. 31, 2025 14,280 $899,212 19.1%
GOLD June 30, 2025 43,200 $838,637 110.5%
SLB Dec. 31, 2025 21,995 $762,237 40.2%
HEDJ June 30, 2026 12,990 $679,377 No longer tracked
OBDC March 31, 2026 42,558 $544,742 2.1%
MMM Dec. 31, 2025 3,370 $522,957 12.3%
INDA Sept. 30, 2025 9,318 $518,826 No longer tracked
URA Dec. 31, 2025 10,480 $499,582 No longer tracked
F March 31, 2025 49,232 $487,397 43.1%
FLOT Dec. 31, 2025 9,535 $487,095 No longer tracked
EWH March 31, 2025 28,250 $470,645 No longer tracked
TGT Dec. 31, 2025 4,695 $421,142 66.2%
VTWO Sept. 30, 2025 4,625 $403,393
EWG Dec. 31, 2025 9,200 $382,812 No longer tracked
IBOC March 31, 2026 5,667 $376,515 7.1%
KO Sept. 30, 2025 4,934 $351,597 36.7%
WDC June 30, 2026 1,255 $339,465 -26.3%
MDT Dec. 31, 2025 3,480 $333,906 -4.1%
EUAD March 31, 2026 7,600 $320,188 No longer tracked
CMCSA March 31, 2026 10,360 $309,660 -7.8%
ULTA June 30, 2025 844 $309,360 10.8%
C March 31, 2025 4,250 $299,157 85.7%
INTU June 30, 2026 670 $289,695 38.2%
RIVN June 30, 2025 22,005 $273,962 18.9%
PEP Sept. 30, 2025 2,000 $264,080 1.5%
PFE June 30, 2026 9,308 $261,377 16.5%
EWZ Sept. 30, 2025 8,868 $255,842 No longer tracked
LMT March 31, 2026 500 $241,835 -5.9%
REGN June 30, 2025 370 $234,665 59.6%
VRN June 30, 2025 35,200 $233,024 No longer tracked
IGV March 31, 2026 2,200 $232,518 No longer tracked
FISV March 31, 2026 3,450 $231,737 -7.6%
NVS June 30, 2026 1,492 $227,903 0.2%
SHLD Dec. 31, 2025 3,229 $226,805 No longer tracked
QQQE Sept. 30, 2025 2,280 $224,471
KO June 30, 2026 2,800 $214,424 11.5%
VRSN Sept. 30, 2025 738 $213,134 -0.8%
ULXXXX Sept. 30, 2025 3,381 $206,803 No longer tracked
QCOM Dec. 31, 2025 1,230 $204,623 -5.9%
AIQ March 31, 2026 3,933 $200,524