BBB Foods Inc. (TBBB) Smart Money Holdings (13F, Q2 2026)

TBBB ranks #3440 out of 37503 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

TBBB is a top-conviction position for 12 West Capital Management LP — at 13.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in TBBB belongs to Capital International Investors, but the position matters far more to 12 West Capital Management LP, who has 13.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Capital International Investors has added to its TBBB position for two straight quarters, increasing it by $172.3M to reach $313.6M today.

Grandeur Peak Global Advisors, LLC has trimmed its TBBB position for two straight quarters, cutting it by $21.1M while still holding $22.6M.

TBBB is down 1.1% today, but institutions show net buying of $563.5M this quarter — a divergence between today's price move and the underlying institutional flow.

TBBB reported a net loss of $2.8B in its latest fiscal year.

• Not yet profitable — net loss of $2.8B in the latest fiscal year
• Revenue grew 36.1% year over year
• Net income declined year over year, from $334.4M to -$2.8B
• Generated $4.7B in positive operating cash flow
• Current ratio of 0.62x — below the conventional 1.5x liquidity buffer
• Liabilities run 6.40x equity — a highly leveraged balance sheet worth noting