# MMBG INVESTMENT ADVISORS CO.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1765876. Source: https://holderbook.com/funds/1765876-mmbg-investment-advisors-co/

- Reported value: $1.3B
- Positions: 177
- Weight of the ten largest: 54.9%
- Filed: 2026-08-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $121.8M | 421,075 | 9.6% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $113.9M | 318,756 | 9.0% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $95.2M | 399,306 | 7.5% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $75.7M | 202,940 | 6.0% | 19 |
| BETTERWARE DE MEXC S A P I D | [BWMX](https://holderbook.com/stocks/BWMX/) | $58.7M | 3,263,970 | 4.6% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $54.5M | 272,239 | 4.3% | 19 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $50.4M | 89,563 | 4.0% | 19 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $49.4M | 150,943 | 3.9% | 19 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $37.5M | 32,508 | 3.0% | 19 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $36.6M | 36,173 | 2.9% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $36.4M | 103,033 | 2.9% | 19 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $27.5M | 173,104 | 2.2% | 19 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $24.2M | 36,962 | 1.9% | 17 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $21.6M | 57,103 | 1.7% | 19 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $21.0M | 43,990 | 1.7% | 19 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $19.0M | 167,546 | 1.5% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $17.4M | 50,852 | 1.4% | 19 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $14.6M | 19,470 | 1.2% | 19 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $13.4M | 19,529 | 1.1% | 19 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $13.0M | 228,673 | 1.0% | 19 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $12.1M | 226,025 | 1.0% | 19 |
| CEMEX SA EURO MTN BE 144A | [CX](https://holderbook.com/stocks/CX/) | $11.2M | 929,427 | 0.9% | 8 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $10.9M | 9,070 | 0.9% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $10.7M | 14,525 | 0.8% | 19 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $10.0M | 139,147 | 0.8% | 19 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $9.9M | 23,277 | 0.8% | 8 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $8.8M | 23,495 | 0.7% | 1 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $8.6M | 45,230 | 0.7% | 19 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $7.6M | 66,915 | 0.6% | 19 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $7.5M | 8,005 | 0.6% | 19 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $7.2M | 37,637 | 0.6% | 19 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $7.1M | 14,105 | 0.6% | 13 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $6.9M | 58,966 | 0.5% | 19 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $6.9M | 57,800 | 0.5% | 19 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $6.9M | 4,050 | 0.5% | 18 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $6.5M | 5,495 | 0.5% | 6 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $6.2M | 39,720 | 0.5% | 19 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $5.5M | 43,038 | 0.4% | 19 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $5.1M | 27,040 | 0.4% | 19 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $4.9M | 50,656 | 0.4% | 19 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $4.8M | 2,389 | 0.4% | 8 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $4.6M | 55,554 | 0.4% | 19 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $4.5M | 10,928 | 0.4% | 19 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $4.5M | 59,820 | 0.4% | 1 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $4.3M | 42,825 | 0.3% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $4.3M | 17,115 | 0.3% | 19 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $4.3M | 80,460 | 0.3% | 17 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $4.3M | 5,598 | 0.3% | 8 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $4.3M | 59,627 | 0.3% | 4 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $4.2M | 43,807 | 0.3% | 19 |
| CODERE ONLINE LUXEMBOURG S A | [CDRO](https://holderbook.com/stocks/CDRO/) | $4.2M | 443,667 | 0.3% | 18 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $4.1M | 21,570 | 0.3% | 13 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.9M | 14,424 | 0.3% | 19 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $3.8M | 46,002 | 0.3% | 19 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $3.8M | 14,991 | 0.3% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $3.6M | 40,931 | 0.3% | 19 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $3.5M | 32,500 | 0.3% | 1 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $3.2M | 29,110 | 0.3% | 19 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $3.2M | 9,371 | 0.3% | 10 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $3.2M | 38,045 | 0.2% | 19 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.9M | 5,838 | 0.2% | 16 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.9M | 22,563 | 0.2% | 19 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $2.9M | 24,690 | 0.2% | 7 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $2.9M | 45,675 | 0.2% | 5 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $2.8M | 27,652 | 0.2% | 19 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $2.6M | 14,137 | 0.2% | 16 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $2.6M | 22,039 | 0.2% | 13 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $2.6M | 13,514 | 0.2% | 2 |
| ISHARES TR | [IYJ](https://holderbook.com/stocks/IYJ/) | $2.4M | 14,330 | 0.2% | 19 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $2.3M | 22,670 | 0.2% | 6 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $2.2M | 73,205 | 0.2% | 19 |
| ANGEL STUDIOS INC | [ANGX](https://holderbook.com/stocks/ANGX/) | $2.2M | 597,543 | 0.2% | 3 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.2M | 6,044 | 0.2% | 19 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $2.2M | 27,493 | 0.2% | 19 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $2.1M | 23,042 | 0.2% | 19 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.1M | 5,815 | 0.2% | 6 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $2.1M | 40,637 | 0.2% | 19 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $2.1M | 6,532 | 0.2% | 19 |
| ISHARES TR | [AAXJ](https://holderbook.com/stocks/AAXJ/) | $2.0M | 16,482 | 0.2% | 19 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $2.0M | 13,785 | 0.2% | 3 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.9M | 9,005 | 0.2% | 19 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $1.9M | 4,406 | 0.2% | 8 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.9M | 24,295 | 0.1% | 7 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $1.9M | 4,575 | 0.1% | 19 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.9M | 2,474 | 0.1% | 19 |
| ISHARES TR | [IYF](https://holderbook.com/stocks/IYF/) | $1.8M | 14,501 | 0.1% | 19 |
| ISHARES TR | [IYH](https://holderbook.com/stocks/IYH/) | $1.8M | 27,470 | 0.1% | 19 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $1.8M | 3,943 | 0.1% | 11 |
| FIRST TR EXCHANGE TRADED FD | [CIBR](https://holderbook.com/stocks/CIBR/) | $1.7M | 18,532 | 0.1% | 19 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.7M | 11,287 | 0.1% | 6 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $1.6M | 43,200 | 0.1% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.6M | 3,030 | 0.1% | 4 |
| ISHARES INC | [EZU](https://holderbook.com/stocks/EZU/) | $1.5M | 21,235 | 0.1% | 19 |
| ISHARES TR | [USIG](https://holderbook.com/stocks/USIG/) | $1.4M | 27,795 | 0.1% | 8 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.3M | 6,266 | 0.1% | 6 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $1.3M | 25,160 | 0.1% | 11 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $1.3M | 16,815 | 0.1% | 9 |
| SPDR INDEX SHS FDS | [FEZ](https://holderbook.com/stocks/FEZ/) | $1.2M | 17,984 | 0.1% | 19 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $1.2M | 12,348 | 0.1% | 19 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.1M | 1,755 | 0.1% | 16 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +15.3% | +14.8% | +0.4% | 100% |
| Q1 2026 | -6.4% | -4.6% | -1.7% | 100% |
| Q4 2025 | +5.6% | +2.4% | +3.3% | 100% |
| Q3 2025 | +11.8% | +7.8% | +4.0% | 100% |
| Q2 2025 | +10.6% | +10.5% | +0.1% | 100% |
| Q1 2025 | -5.9% | -4.6% | -1.4% | 100% |
| Q4 2024 | +3.9% | +2.1% | +1.7% | 100% |
| Q3 2024 | +2.2% | +5.4% | -3.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.3B | 177 |
| Q1 2026 | $1.1B | 172 |
| Q4 2025 | $1.2B | 177 |
| Q3 2025 | $1.1B | 179 |
| Q2 2025 | $1.0B | 178 |
| Q1 2025 | $884.7M | 168 |
| Q4 2024 | $941.6M | 158 |
| Q3 2024 | $958.3M | 166 |
| Q2 2024 | $932.9M | 152 |
| Q1 2024 | $948.1M | 160 |
| Q4 2023 | $849.8M | 157 |
| Q3 2023 | $793.5M | 152 |