CIK: 0001765876
Total reported value
$1.1B
Reporting period: 2026-03-31 · Number of holdings: 172
MMBG INVESTMENT ADVISORS CO. disclosed 172 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.1B and a quarterly turnover rate of 14.1%.
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Mmbg Investment Advisors Co.'s disclosed holdings carry a Herfindahl concentration index of 0.039 — mathematically equivalent to about 25 equally-sized positions, well below its 172 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.41), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim MSFT
+4.5% -$18.1M
Trim CRM
-16.7% -$8.1M
Trim SHV
-61.4% -$4.6M
Trim CX
-31.6% -$5.0M
Add TSM
+7.6% $2.5M
Add WMT
-1.1% $1.9M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | Stock-Tech | 9.27% | +0.19% | +0.24% | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 8.46% | -0.03% | -0.56% | |
| 3 | AMZN | Amazon.com INC | Stock-Consumer Disc | 7.57% | +0.16% | +3.77% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 6.65% | -0.97% | +4.51% | |
| 5 | ✓ | Betterware De Mexc S A P I D | Stock-Other | 5.31% | — | -15.87% | |
| 6 | META | Meta Platforms Inc-class A | Stock-Comm Services | 4.46% | -0.12% | +2.80% | |
| 7 | NVDA | Nvidia CORP | Stock-Tech | 4.23% | +0.20% | +3.09% | |
| 8 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.89% | +0.03% | +1.19% | |
| 9 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.96% | -0.02% | -0.47% | |
| 10 | GS | Goldman Sachs Group INC | Stock-Financials | 2.80% | — | +2.53% | |
| 11 | XLV | Ss Health Care Select Sector | ETF-Other | 2.30% | +0.07% | -0.24% | |
| 12 | WMT | Walmart INC | Stock-Consumer Staples | 1.90% | +0.32% | -1.13% | |
| 13 | AVGO | Broadcom INC | Stock-Tech | 1.55% | — | +8.04% | |
| 14 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.42% | +0.33% | +7.61% | |
| 15 | SMH | Vaneck Semiconductor ETF | ETF-Other | 1.38% | — | -2.20% | |
| 16 | MU | Micron Technology INC | Stock-Tech | 1.33% | +0.02% | -21.30% | |
| 17 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.29% | — | -4.24% | |
| 18 | V | Visa Inc-class A Shares | Stock-Financials | 1.26% | -0.09% | -0.71% | |
| 19 | CRM | Salesforce INC | Stock-Tech | 1.05% | -0.60% | -16.73% | |
| 20 | XLF | Ss Financial Select Sector | ETF-Other | 0.99% | +0.14% | +18.61% | |
| 21 | BAC | Bank Of America CORP | Stock-Financials | 0.98% | -0.08% | -3.92% | |
| 22 | CX | Cemex Sab-spons Adr Part Cer | Stock-Other | 0.98% | -0.34% | -31.63% | |
| 23 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.93% | — | +0.88% | |
| 24 | UBER | Uber Technologies INC | Stock-Industrials | 0.87% | +0.01% | +5.85% | |
| 25 | SHOP | Shopify INC - Class A | Stock-Tech | 0.85% | -0.20% | -0.02% | |
| 26 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.80% | +0.17% | -0.10% | |
| 27 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.79% | — | -0.30% | |
| 28 | ETN | Eaton Corporation plc | Stock-Industrials | 0.77% | +0.14% | — | |
| 29 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.76% | — | +6.80% | |
| 30 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.73% | -0.06% | — | |
| 31 | IBB | Ishares Biotechnology ETF | ETF-Tech | 0.59% | — | -0.84% | |
| 32 | XLK | Ss Technology Select Sector | ETF-Tech | 0.58% | -0.02% | -4.36% | |
| 33 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 0.58% | — | — | |
| 34 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.57% | -0.03% | +1.32% | |
| 35 | NFLX | Netflix INC | Stock-Comm Services | 0.52% | +0.17% | +33.37% | |
| 36 | DXJ | Wisdomtree Japan Hedged Eq | ETF-Other | 0.52% | — | — | |
| 37 | MELI | Mercadolibre INC | Stock-Consumer Disc | 0.51% | +0.14% | +46.88% | |
| 38 | RTX | Rtx CORP | Stock-Industrials | 0.50% | — | -2.48% | |
| 39 | XLE | Ss Energy Select Sector | ETF-Other | 0.47% | +0.15% | — | |
| 40 | VGT | Vanguard Info Tech ETF | ETF-Tech | 0.46% | — | -0.96% | |
| 41 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.46% | — | — | |
| 42 | DHR | Danaher CORP | Stock-Healthcare | 0.46% | — | +9.78% | |
| 43 | FMX | Fomento Economico Mex-sp Adr | Stock-Other | 0.44% | — | — | |
| 44 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.43% | -0.05% | -0.56% | |
| 45 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.42% | -0.09% | -8.11% | |
| 46 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.42% | — | — | |
| 47 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 0.38% | — | — | |
| 48 | ABBV | Abbvie INC | Stock-Healthcare | 0.34% | — | -0.16% | |
| 49 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 0.33% | — | +1.77% | |
| 50 | VGK | Vanguard Ftse Europe ETF | ETF-Other | 0.32% | — | -11.39% |
Performance for Q3 2026
+4.2%
Performance Last 4 Quarters
+29.3%
Based on 80% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 172 | $1.1B | 14 | |
| 2025-12-31 | 177 | $1.2B | 13 | |
| 2025-09-30 | 179 | $1.1B | 27 | |
| 2025-06-30 | 178 | $1.0B | 0 | |
| 2025-03-31 | 168 | $884.7M | 0 | |
| 2024-12-31 | 158 | $941.6M | 0 | |
| 2024-09-30 | 166 | $958.3M | 0 | |
| 2024-06-30 | 152 | $932.9M | 0 | |
| 2024-03-31 | 160 | $948.1M | 0 | |
| 2023-12-31 | 157 | $849.8M | 0 | |
| 2023-09-30 | 152 | $793.5M | 0 | |
| 2023-06-30 | 154 | $823.5M | 0 | |
| 2023-03-31 | 158 | $789.1M | 0 | |
| 2022-12-31 | 162 | $755.3M | 0 | |
| 2022-09-30 | 161 | $747.1M | 0 | |
| 2022-06-30 | 156 | $806.2M | 0 | |
| 2022-03-31 | 158 | $959.0M | 0 | |
| 2021-12-31 | 157 | $1.0B | 0 |
Mmbg Investment Advisors Co.'s most significant position changes for 2026-03-31: Sold out: Tencent Holdings Ltd-uns Adr (TCEHY); Sold out: Ishares Gold Trust (IAU); Sold out: Astrazeneca Plc-spons Adr (AZNN); New buy: AstraZeneca PLC (AZN); New buy: Ishares Floating Rate Bond E (FLOT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | +7.61% | Add |
| 2 | WMT | Walmart INC | +0.3% | -1.13% | Trim |
| 3 | NVDA | Nvidia CORP | +0.2% | +3.09% | Add |
| 4 | AAPL | Apple INC | +0.2% | +0.24% | Add |
| 5 | SGOV | Ishares 0-3 Month Treasury B | +0.2% | +962.71% | Add |
| 6 | FCX | Freeport-mcmoran INC | +0.2% | +129.93% | Add |
| 7 | NFLX | Netflix INC | +0.2% | +33.37% | Add |
| 8 | COST | Costco Wholesale CORP | +0.2% | -0.10% | Trim |
| 9 | AMZN | Amazon.com INC | +0.2% | +3.77% | Add |
| 10 | XLE | Ss Energy Select Sector | +0.2% | — | Unchanged |
| 11 | MELI | Mercadolibre INC | +0.1% | +46.88% | Add |
| 12 | ETN | Eaton Corporation plc | +0.1% | — | Unchanged |
| 13 | XLF | Ss Financial Select Sector | +0.1% | +18.61% | Add |
| 14 | ANGX | Angel Studios INC | +0.1% | +519.32% | Add |
| 15 | XLB | Ss Materials Select Sector | +0.1% | +403.20% | Add |
| 16 | XLV | Ss Health Care Select Sector | +0.1% | -0.24% | Trim |
| 17 | CRWD | Crowdstrike Holdings INC - A | +0.1% | +107.35% | Add |
| 18 | IEMG | Ishares Core Msci Emerging | +0.1% | +24.88% | Add |
| 19 | JPM | Jpmorgan Chase & Co | 0% | +1.19% | Add |
| 20 | MU | Micron Technology INC | 0% | -21.30% | Trim |
| 21 | UBER | Uber Technologies INC | 0% | +5.85% | Add |
| 22 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | -4.24% | Trim |
| 23 | LLY | Eli Lilly & Co | — | +6.80% | Add |
| 24 | GOOG | Alphabet Inc-cl C | 0% | -0.47% | Trim |
| 25 | XLK | Ss Technology Select Sector | 0% | -4.36% | Trim |
| 26 | GOOGL | Alphabet Inc-cl A | 0% | -0.56% | Trim |
| 27 | BABA | Alibaba Group Holding-sp Adr | 0% | +1.32% | Add |
| 28 | DIS | Walt Disney Co/the | -0.1% | -0.56% | Trim |
| 29 | IBIT | Ishares Bitcoin Trust ETF | -0.1% | -47.67% | Trim |
| 30 | NKE | Nike INC -cl B | -0.1% | -33.22% | Trim |
| 31 | TMO | Thermo Fisher Scientific INC | -0.1% | — | Unchanged |
| 32 | PFE | Pfizer INC | -0.1% | -74.05% | Trim |
| 33 | APO | Apollo Global Management INC | -0.1% | -7.80% | Trim |
| 34 | NVO | Novo-nordisk A/s-spons Adr | -0.1% | -40.95% | Trim |
| 35 | BAC | Bank Of America CORP | -0.1% | -3.92% | Trim |
| 36 | V | Visa Inc-class A Shares | -0.1% | -0.71% | Trim |
| 37 | UNH | Unitedhealth Group INC | -0.1% | -8.11% | Trim |
| 38 | NOW | Servicenow INC | -0.1% | -7.03% | Trim |
| 39 | META | Meta Platforms Inc-class A | -0.1% | +2.80% | Add |
| 40 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | -40.56% | Trim |
| 41 | SHOP | Shopify INC - Class A | -0.2% | -0.02% | Trim |
| 42 | CX | Cemex Sab-spons Adr Part Cer | -0.3% | -31.63% | Trim |
| 43 | SHV | Ishares 0-1 Year Treasury Bo | -0.4% | -61.45% | Trim |
| 44 | CRM | Salesforce INC | -0.6% | -16.73% | Trim |
| 45 | MSFT | Microsoft CORP | -1% | +4.51% | Add |
| 46 | TCEHY | Tencent Holdings Ltd-uns Adr | — | EXIT | Sold out |
| 47 | IAU | Ishares Gold Trust | — | EXIT | Sold out |
| 48 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
| 49 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 50 | FLOT | Ishares Floating Rate Bond E | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-30 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-09 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-07 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-12 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-25 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-13 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-13 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-10 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-11 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | Amendment | View on EDGAR |
| 2022-12-31 | 2023-02-07 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-02 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-08-02 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-06 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
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