MMBG INVESTMENT ADVISORS CO.
Long book
$1.09B
Q1 2026
Positions
172
Top-10 weight
56%
concentration
Last quarter
+16.3%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsMMBG INVESTMENT ADVISORS CO. is a diversified fundamental manager, running a $1.09B US long book across 172 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, ALPHABET INC-CL A, AMAZON.COM INC, MICROSOFT CORP, BETTERWARE DE MEXICO SAPI DE.
Over the last 9 quarters its long book ran on average 0.4pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.3%
Q2 2024
+2.5%
Q3 2024
+4.3%
Q4 2024
-5.6%
Q1 2025
+11.0%
Q2 2025
+12.2%
Q3 2025
+5.9%
Q4 2025
-6.1%
Q1 2026
+16.3%
Sector allocation
Technology 54%
Consumer discretionary 21%
Financials 11%
Services media 6%
Industrials 3%
Healthcare 2%
Other 1%
Materials 1%
Long book by quarter
What does MMBG INVESTMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 397.5K | $100.9M | 9.3% | +0.2% |
| GOOGL ALPHABET INC-CL A | Technology | 320.4K | $92.1M | 8.5% | -0.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 395.7K | $82.4M | 7.6% | +3.8% |
| MSFT MICROSOFT CORP | Technology | 195.6K | $72.4M | 6.7% | +4.5% |
| BWMX BETTERWARE DE MEXICO SAPI DE | Consumer discretionary | 3.4M | $57.8M | 5.3% | -15.9% |
| META META PLATFORMS INC-CLASS A | Technology | 84.8K | $48.5M | 4.5% | +2.8% |
| NVDA NVIDIA CORP | Technology | 264.3K | $46.1M | 4.2% | +3.1% |
| JPM JPMORGAN CHASE & CO | Financials | 144.0K | $42.4M | 3.9% | +1.2% |
| GOOG ALPHABET INC-CL C | Technology | 112.2K | $32.2M | 3.0% | -0.5% |
| GS GOLDMAN SACHS GROUP INC | Financials | 36.1K | $30.5M | 2.8% | +2.5% |
| WMT WALMART INC | Consumer discretionary | 166.2K | $20.7M | 1.9% | -1.1% |
| AVGO BROADCOM INC | Technology | 54.5K | $16.9M | 1.6% | +8.0% |
| MU MICRON TECHNOLOGY INC | Technology | 42.9K | $14.5M | 1.3% | -21.3% |
| V VISA INC-CLASS A SHARES | Services media | 45.3K | $13.7M | 1.3% | -0.7% |
| CRM SALESFORCE INC | Technology | 61.4K | $11.5M | 1.1% | -16.7% |
| BAC BANK OF AMERICA CORP | Financials | 219.8K | $10.7M | 1.0% | -3.9% |
| UBER UBER TECHNOLOGIES INC | Services media | 131.9K | $9.5M | 0.9% | +5.9% |
| SHOP SHOPIFY INC - CLASS A | Technology | 77.7K | $9.2M | 0.8% | 0.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 8.7K | $8.7M | 0.8% | -0.1% |
| ETN EATON CORP PLC | Industrials | 23.6K | $8.4M | 0.8% | Held |
| LLY ELI LILLY & CO | Healthcare | 8.9K | $8.2M | 0.8% | +6.8% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 16.1K | $7.9M | 0.7% | Held |
| NFLX NETFLIX INC | Services media | 59.2K | $5.7M | 0.5% | +33.4% |
| MELI MERCADOLIBRE INC | Services media | 3.2K | $5.5M | 0.5% | +46.9% |
| RTX RTX CORP | Industrials | 28.2K | $5.4M | 0.5% | -2.5% |
| SBUX STARBUCKS CORP | Consumer discretionary | 55.9K | $5.0M | 0.5% | Held |
| DHR DANAHER CORP | Technology | 26.1K | $5.0M | 0.5% | +9.8% |
| DIS WALT DISNEY CO/THE | Services media | 48.9K | $4.7M | 0.4% | -0.6% |
| UNH UNITEDHEALTH GROUP INC | Financials | 16.9K | $4.6M | 0.4% | -8.1% |
| MCD MCDONALD'S CORP | Consumer discretionary | 14.6K | $4.6M | 0.4% | Held |
| ABBV ABBVIE INC | Healthcare | 17.1K | $3.7M | 0.3% | -0.2% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 2.4K | $3.2M | 0.3% | -0.3% |
| CDRO CODERE ONLINE LUXEMBOURG SA | Services media | 366.3K | $3.1M | 0.3% | Held |
| FDX FEDEX CORP | Industrials | 8.2K | $2.9M | 0.3% | Held |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 26.0K | $2.9M | 0.3% | -7.8% |
| MRK MERCK & CO. INC. | Healthcare | 22.6K | $2.7M | 0.3% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.6K | $2.7M | 0.2% | -40.6% |
| FCX FREEPORT-MCMORAN INC | Materials | 45.7K | $2.7M | 0.2% | +129.9% |
| NOW SERVICENOW INC | Technology | 22.8K | $2.4M | 0.2% | -7.0% |
| AZN ASTRAZENECA PLC | Healthcare | 11.0K | $2.2M | 0.2% | New |
| AMGN AMGEN INC | Healthcare | 6.0K | $2.1M | 0.2% | Held |
| SPGI S&P GLOBAL INC | Services media | 4.6K | $1.9M | 0.2% | Held |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 4.0K | $1.9M | 0.2% | +0.7% |
| ANGX ANGEL STUDIOS INC | Services media | 597.5K | $1.8M | 0.2% | +519.3% |
| B BARRICK MINING CORP | Materials | 43.2K | $1.8M | 0.2% | -0.6% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 4.5K | $1.8M | 0.2% | +107.4% |
| BA BOEING CO/THE | Industrials | 8.2K | $1.6M | 0.2% | Held |
| MA MASTERCARD INC - A | Services media | 3.0K | $1.5M | 0.1% | Held |
| ORCL ORACLE CORP | Technology | 9.9K | $1.5M | 0.1% | +6.0% |
| PANW PALO ALTO NETWORKS INC | Technology | 8.8K | $1.4M | 0.1% | -1.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 172 | $1.09B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 177 | $1.19B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 179 | $1.13B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 178 | $1.00B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 168 | $884.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 158 | $941.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 166 | $958.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 152 | $932.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 160 | $948.1M | canonical | SEC ↗ |
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