MMBG INVESTMENT ADVISORS CO.

CIK 0001765876 · Q1 2026

13F Equity AUM

$1.1B

-8.3% QoQ

Positions

172

-5 QoQ

AUM Rank

#2,651

Top 21%

Skill Alpha (FF)

+1.6%/yr^ns

No Clear Edge

Rank #1,289 · Top 16%

vs S&P -0.7%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 37.3%Top 10: 55.6%Top 20: 70.1%

AAPL9.3%

GOOGL8.5%

AMZN7.6%

MSFT6.7%

BWMX5.3%

META4.5%

NVDA4.2%

JPM3.9%

GOOG3.0%

GS2.8%

Others (162)44.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology28.4%

Financial Services28.4%

Communication Services17.2%

Consumer Cyclical15.5%

Healthcare3.6%

Consumer Defensive3.2%

Industrials2.0%

Other1.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 172Median: 0.14%Avg: 0.58%

0–0.5%

135(17.6%)

0.5–1%

18(13.3%)

1–3%

11(19.2%)

3–5%

3(12.6%)

5%+

5(37.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 172Unique: 0vs 20 funds

2.4%Low

172

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

3.2%

JPMORGAN CHASE & CO

3.5%

BANK OF AMERICA CORP /DE/

3.6%

BlackRock, Inc.

3.8%

FMR LLC

5.1%

STATE STREET CORP

3.1%

VANGUARD CAPITAL MANAGEMENT LLC

2.4%

GEODE CAPITAL MANAGEMENT, LLC

2.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

2.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New6Increased39Decreased54Exited10

New Positions

AZN0.2%

+11K

FLOT0.1%

+15K

WDC0.0%

+1K

EWZ0.0%

+7K

EMBJ0.0%

+3K

CMI0.0%

+380

Increased

ANGX0.2%

+501K(+519%)

XLF1.0%

+34K(+19%)

FCX0.3%

+26K(+130%)

XLB0.1%

+20K(+403%)

SGOV0.2%

+20K(+963%)

NFLX0.5%

+15K(+33%)

AMZN7.6%

+14K(+4%)

CIBR0.1%

+9K(+102%)

MSFT6.7%

+8K(+5%)

NVDA4.2%

+8K(+3%)

Decreased

BWMX5.3%

-647,069(-16%)

CX1.0%

-430,000(-32%)

SHV0.3%

-41,515(-61%)

STWD0.0%

-31,010(-56%)

PFE0.0%

-26,567(-74%)

CRM1.1%

-12,335(-17%)

NVO0.1%

-12,185(-41%)

MU1.3%

-11,613(-21%)

IBIT0.0%

-10,806(-48%)

BAC1.0%

-8,958(-4%)

Exited

-162,625

-28,379

-42,558

-5,667

-7,600

-10,360

-3,933

-2,200

-3,450

-500

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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