Skip to main content
Livermore
Livermore
ZHEN

MMBG Investment Advisors Co.

SEC CIK
0001765876
Latest filing
Aug 10, 2026

The latest 13F from MMBG Investment Advisors Co. covers Q2 2026 (filed Aug 10, 2026): 177 long positions worth $1.26B. The top 10 holdings make up 54.9% of the portfolio, and the largest is Apple Inc. (AAPL) at 9.6%. Livermore has 21 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
12
Est. +$20.0M
Added
45
Est. +$37.5M
Reduced
40
Est. −$40.1M
Sold out
7
Est. −$7.63M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    9.6%$121.8MHistory
  2. GOOGLAlphabet Inc.
    9.0%$113.9MHistory
  3. AMZNAmazon Com Inc
    7.5%$95.2MHistory
  4. MSFTMicrosoft Corp
    6.0%$75.7MHistory
  5. BWMXBetterware de Mexico, S.A.P.I. de C.V
    4.6%$58.7MHistory

Share of portfolio

Top 5 holdings and the other 172 positions, by share of portfolio value

  1. AAPL9.6%
  2. GOOGL9.0%
  3. AMZN7.5%
  4. MSFT6.0%
  5. BWMX4.6%
  6. Other 172 positions63.2%

Biggest buys

New and added positions, by estimated amount bought

  1. GEGeneral Electric Co
    +$8.78MNewHistory
  2. AAPLApple Inc.
    +$6.83MAddedHistory
  3. GEVGE Vernova Inc.
    +$4.94MAddedHistory
  4. IAUiShares Gold Trust
    +$4.52MNewHistory
  5. CRHCRH Public Ltd Co
    +$3.48MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. GEGeneral Electric Co
    +0.69 pp0.0% → 0.7%History
  2. GEVGE Vernova Inc.
    +0.41 pp0.1% → 0.5%History
  3. AAPLApple Inc.
    +0.38 pp9.3% → 9.6%History
  4. IAUiShares Gold Trust
    +0.36 pp0.0% → 0.4%History
  5. CRHCRH Public Ltd Co
    +0.28 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MUMicron Technology Inc
    −$12.0MReducedHistory
  2. WisdomTree Tr97717W851
    −$5.62MSold out
  3. CRMSalesforce, Inc.
    −$3.40MReducedHistory
  4. GOOGAlphabet Inc.
    −$3.25MReducedHistory
  5. BWMXBetterware de Mexico, S.A.P.I. de C.V
    −$2.98MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. BWMXBetterware de Mexico, S.A.P.I. de C.V
    −0.66 pp5.3% → 4.6%History
  2. CRMSalesforce, Inc.
    −0.56 pp1.1% → 0.5%History
  3. WisdomTree Tr97717W851
    −0.52 pp0.5% → 0.0%
  4. SHOPShopify Inc.
    −0.24 pp0.8% → 0.6%History
  5. SBUXStarbucks Corp
    −0.24 pp0.5% → 0.2%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.26B
+$174.8M (+16.1%) vs. prior quarter
Positions
177
+5 vs. prior quarter
Top 10 concentration
54.9%
Top 10 as share of value
Turnover
4.1%
Q2 2026, one quarter
Average holding period
17.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.26B (Q2 2026)

Q4 2021: $1.04BQ1 2022: $959.0MQ2 2022: $806.2MQ3 2022: $747.1MQ4 2022: $755.3MQ1 2023: $789.1MQ2 2023: $823.5MQ3 2023: $793.5MQ4 2023: $849.8MQ1 2024: $948.1MQ2 2024: $932.9MQ3 2024: $958.3MQ4 2024: $941.6MQ1 2025: $884.7MQ2 2025: $1.00BQ3 2025: $1.13BQ4 2025: $1.19BQ1 2026: $1.09BQ2 2026: $1.26B
Q4 2021Q2 2026
13F filings of MMBG Investment Advisors Co. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026177$1.26BAAPLGOOGLAMZNvs. Q1 2026SEC
Q1 2026Apr 30, 2026172$1.09BAAPLGOOGLAMZNvs. Q4 2025SEC
Q4 2025Feb 9, 2026177$1.19BAAPLGOOGLMSFTvs. Q3 2025SEC
Q3 2025Nov 7, 2025179$1.13BAAPLMSFTAMZNvs. Q2 2025SEC
Q2 2025Aug 12, 2025178$1.00BMSFTAAPLAMZNvs. Q1 2025SEC
Q1 2025Apr 25, 2025168$884.7MAAPLAMZNMSFTvs. Q4 2024SEC
Q4 2024Feb 14, 2025158$941.6MAAPLAMZNMSFTvs. Q3 2024SEC
Q3 2024Nov 13, 2024166$958.3MAAPLMSFTAMZNvs. Q2 2024SEC
Q2 2024Aug 13, 2024152$932.9MAAPLMSFTAMZNvs. Q1 2024SEC
Q1 2024May 10, 2024160$948.1MBWMXMSFTAAPLvs. Q4 2023SEC
Q4 2023Feb 14, 2024157$849.8MAAPLMSFTAMZNvs. Q3 2023SEC
Q3 2023Nov 14, 2023152$793.5MAAPLBWMXMSFTvs. Q2 2023SEC
Q2 2023Aug 11, 2023154$823.5MAAPLMSFTAMZNvs. Q1 2023SEC
Q1 2023May 11, 2023158$789.1MAAPLMSFTBWMXvs. Q4 2022SEC
Q4 2022Feb 13, 2023Amended162$755.3MAAPLMSFTAMZNvs. Q3 2022SEC
Q3 2022Nov 14, 2022160$747.1MAAPLMSFTAMZNvs. Q2 2022SEC
Q2 2022Aug 2, 2022156$806.2MAAPLMSFTAMZNvs. Q1 2022SEC
Q1 2022Aug 2, 2022Amended158$959.0MAAPLBWMXMSFTvs. Q4 2021SEC
Q4 2021Feb 14, 2022156$1.04BBWMXAAPLMSFT–SEC