UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

Report for the Calendar Year or Quarter Ended:
12-31-2022
Check here if Amendment: Amendment Number:
1
This Amendment (Check only one.): is a restatement.
adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
MMBG INVESTMENT ADVISORS CO.
Address:
1221 BRICKELL AVENUE, SUITE 1030
MIAMI, FL 33131
Form 13F File Number:

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
ANDRES AGUILAR
Title:
PRINCIPAL OFFICER AND CHIEF COMPLIANCE OFFICER
Phone:
305-374-0704


Signature, Place, and Date of Signing:

ANDRES AGUILAR
                         [Signature]
MIAMI, FLORIDA
                 [City, State]
02-13-2023
                           [Date]
                          

Report Type (Check only one.):

13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
162
Form 13F Information table Value Total:
755341000
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
3M COCOM88579Y1012,084,00017,380SHSOLE17,380 0 0
ABBVIE INCCOM00287Y1091,704,00010,545SHSOLE10,545 0 0
ADOBE SYSTEMS INCORPORATEDCOM00724F101239,000710SHSOLE710 0 0
ADVANCED MICRO DEVICESCOM007903107224,0003,460SHSOLE3,460 0 0
ALIBABA GROUP HLDG LTDSPONSORED ADS 01609W1026,352,00072,112SHSOLE72,112 0 0
ALPHABET INCCAP STK CL C02079K10713,495,000152,090SHSOLE152,090 0 0
ALPHABET INCCAP STK CL A 02079K30535,755,000405,246SHSOLE405,246 0 0
AMAZON COM INC COM02313510639,026,000464,597SHSOLE464,597 0 0
AMGEN INCCOM0311621001,671,0006,364SHSOLE6,364 0 0
APPLE INCCOM03783310070,715,000544,256SHSOLE544,256 0 0
AT&T INC COM00206R102221,00012,030SHSOLE12,030 0 0
BERKSHIRE HATHAWAY INC DELCL B NEW0846707021,285,0004,160SHSOLE4,160 0 0
BETTERWARE DE MXC S A B DE CSHS NEW P1666E10527,029,0004,210,151SHSOLE4,210,151 0 0
BIOGEN INCCOM09062X103678,0002,450SHSOLE2,450 0 0
BK OF AMERICA CORPCOM06050510415,488,000467,633SHSOLE467,633 0 0
BOEING COCOM0970231055,612,00029,460SHSOLE29,460 0 0
BROADCOM INCCOM11135F1013,536,0006,325SHSOLE6,325 0 0
C H ROBINSON WORLDWIDE INCCOM NEW 12541W209293,0003,200SHSOLE3,200 0 0
CARLYLE GROUP INC COM14316J1081,194,00040,000SHSOLE40,000 0 0
CHEVRON CORP NEW COM166764100467,0002,600SHSOLE2,600 0 0
CISCO SYS INC COM17275R102921,00019,333SHSOLE19,333 0 0
COCA COLA CO COM191216100906,00014,250SHSOLE14,250 0 0
CODERE ONLINE LUXEMBOURG S AORDINARY SHARESL18268109807,000312,700SHSOLE312,700 0 0
COMCAST CORP NEW CL A 20030N1019,279,000265,351SHSOLE265,351 0 0
CONSTELLATION BRANDS INC CL A 21036P1085,583,00024,089SHSOLE24,089 0 0
COSTCO WHSL CORP NEW COM22160K1051,413,0003,096SHSOLE3,096 0 0
CULEN FROST BANKERS INC COM229899109535,0004,000SHSOLE4,000 0 0
DEERE & COCOM244199105262,000610SHSOLE610 0 0
DIAGEO PLC SPON ADR NEW 25243Q205213,0001,194SHSOLE1,194 0 0
DISNEY WALT CO COM25468710615,559,000179,084SHSOLE179,084 0 0
ENERGY TRANSFER L PCOM UT LTD PTN29273V100497,00041,905SHSOLE41,905 0 0
EXCHANGE TRADED CONCEPTS TR ROBO GLB ETF 301505707305,0006,580SHSOLE6,580 0 0
FEDEX CORP COM31428X1068,031,00046,371SHSOLE46,371 0 0
FIDELITY NATL INFORMATION SV COM31620M106487,0007,180SHSOLE7,180 0 0
FIRST TR EXCHANGE TRADED FD NASDAQ CTB ETF 33734X846424,00010,950SHSOLE10,950 0 0
FIRST TR EXCHANGE-TRADED FD NAS CLNEDG GREEN 8522341031,143,00024,220SHSOLE24,220 0 0
FISERV INC COM337738108360,0003,560SHSOLE3,560 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 3444191063,259,00041,723SHSOLE41,723 0 0
FORD MTR CO DEL COM345370860573,00049,232SHSOLE49,232 0 0
GENERAL ELECTRIC COCOM NEW 369604301385,0004,600SHSOLE4,600 0 0
GENERAL MTRS CO COM37045V1001,386,00041,212SHSOLE41,212 0 0
GLOBAL X FDSRBTCS ARTFL INTE37954Y715206,00010,000SHSOLE10,000 0 0
GOLDMAN SACHS GROUP INC COM38141G10412,944,00037,696SHSOLE37,696 0 0
HOME DEPOT INC COM4370761022,121,0006,715SHSOLE6,715 0 0
HONEYWELL INTL INCCOM4385161065,705,00026,621SHSOLE26,621 0 0
INTERNATIONAL BANCSHARES COR COM459044103259,0005,667SHSOLE5,667 0 0
INTUITCOM461202103524,0001,345SHSOLE1,345 0 0
INVESCO QQQ TRUNIT SER 1 46090E1038,522,00032,004SHSOLE32,004 0 0
ISHARES INC CORE MSCI EMKT46434G103624,00013,352SHSOLE13,352 0 0
ISHARES INC MSCI EUROZONE ETF 464286608972,00024,620SHSOLE24,620 0 0
ISHARES INC MSCI GERMANY ETF 464286806846,00034,200SHSOLE34,200 0 0
ISHARES INC MSCI HONG KG ETF 464286871748,00035,600SHSOLE35,600 0 0
ISHARES INC MSCI JPN ETF NEW 46434G8221,644,00030,194SHSOLE30,194 0 0
ISHARES INC MSCI PAC JP ETF 464286665997,00023,290SHSOLE23,290 0 0
ISHARES SILVER TRISHARES46428Q109319,00014,495SHSOLE14,495 0 0
ISHARES TRCUR HED MSCI GER 46434V704305,00011,300SHSOLE11,300 0 0
ISHARES TRUS HLTHCARE ETF 4642877621,653,0005,825SHSOLE5,825 0 0
ISHARES TRGL CLEAN ENE ETF464288224238,00012,000SHSOLE12,000 0 0
ISHARES TRS&P 100 ETF464287101776,0004,550SHSOLE4,550 0 0
ISHARES TRGLOBAL FINLS ETF464287333949,00013,500SHSOLE13,500 0 0
ISHARES TR US TRSPRTION464287192874,0004,095SHSOLE4,095 0 0
ISHARES TR 0-5YR HI YL CP 46434V407538,00013,168SHSOLE13,168 0 0
ISHARES TR 0-5YR INVT GR CP 46434V100812,00016,964SHSOLE16,964 0 0
ISHARES TR 1 3 YR TREAS BD 4642874573,868,00047,656SHSOLE47,656 0 0
ISHARES TR ISHARES BIOTECH 46428755610,900,00083,025SHSOLE83,025 0 0
ISHARES TR U.S. FINLS ETF 4642877881,328,00017,600SHSOLE17,600 0 0
ISHARES TR US INDUSTRIALS 4642877542,084,00021,600SHSOLE21,600 0 0
ISHARES TR U.S. TECH ETF 4642877214,640,00062,290SHSOLE62,290 0 0
ISHARES TR FLTG RATE NT ETF 46429B6555,088,000101,100SHSOLE101,100 0 0
ISHARES TR IBOXX HI YD ETF 4642885131,805,00024,516SHSOLE24,516 0 0
ISHARES TR JPMORGAN USD EMG 464288281469,0005,550SHSOLE5,550 0 0
ISHARES TR MSCI AC ASIA ETF 4642881822,159,00033,320SHSOLE33,320 0 0
ISHARES TR MSCI EMG MKT ETF 464287234729,00019,239SHSOLE19,239 0 0
ISHARES TR MSCI USA ESG SLC 464288802501,0006,085SHSOLE6,085 0 0
ISHARES TR EXPANDED TECH 464287515325,0001,270SHSOLE1,270 0 0
ISHARES TR RUS 1000 GRW ETF 464287614422,0001,969SHSOLE1,969 0 0
ISHARES TR CORE S&P US VLU464287663277,0003,919SHSOLE3,919 0 0
ISHARES TR EUROPE ETF 464287861498,00011,000SHSOLE11,000 0 0
ISHARES TR GLOB HLTHCRE ETF 464287325331,0003,900SHSOLE3,900 0 0
ISHARES TR GLOBAL TECH ETF 464287291479,00010,684SHSOLE10,684 0 0
ISHARES TR CORE S&P500 ETF 4642872001,123,0002,924SHSOLE2,924 0 0
ISHARES TR SHORT TREAS BD 4642886798,803,00080,089SHSOLE80,089 0 0
ISHARES TR ISHS 1-5YR INVS4642886464,865,00097,644SHSOLE97,644 0 0
ISHARES TR CORE US AGGBD ET 464287226647,0006,670SHSOLE6,670 0 0
ISHARES TR U.S. MED DVC ETF 464288810268,0005,100SHSOLE5,100 0 0
ISHARES TR PFD AND INCM SEC 4642886871,031,00033,755SHSOLE33,755 0 0
JOHNSON & JOHNSON COM4781601041,440,0008,150SHSOLE8,150 0 0
JP MORGAN CHASE & CO COM46625H10028,077,000209,374SHSOLE209,374 0 0
LAS VEGAS SANDS CORP COM5178341075,597,000116,443SHSOLE116,443 0 0
LAUDER ESTEE COS INC CL A 5184391041,453,0005,855SHSOLE5,855 0 0
LOCKHEED MARTIN CORP COM539830109569,0001,170SHSOLE1,170 0 0
LULULEMON ATHLETICA INCCOM5500211091,153,0003,600SHSOLE3,600 0 0
MCDONALDS CORP COM58013510111,842,00044,937SHSOLE44,937 0 0
MERCADOLIBRE INCCOM58733R102546,000645SHSOLE645 0 0
MERCK & CO INC COM58933Y1056,182,00055,718SHSOLE55,718 0 0
META PLATFORMS INC CL A30303M10219,158,000159,197SHSOLE159,197 0 0
MICRON TECHNOLOGY INC COM5951121036,021,000120,475SHSOLE120,475 0 0
MICROSOFT CORPCOM59491810461,966,000258,386SHSOLE258,386 0 0
MODERNA INC COM60770K107514,0002,860SHSOLE2,860 0 0
NETFLIX INCCOM64110L106415,0001,406SHSOLE1,406 0 0
NIKE INC CL B 6541061037,923,00067,709SHSOLE67,709 0 0
NORTHROP GRUMMAN CORPCOM666807102221,000405SHSOLE405 0 0
NOVARTIS AG SPONSORED ADR66987V109498,0005,492SHSOLE5,492 0 0
NVIDIA CORPORATION COM67066G1045,760,00039,413SHSOLE39,413 0 0
ORACLE CORP COM68389X105425,0005,200SHSOLE5,200 0 0
PAYPAL HLDGS INCCOM70450Y1032,101,00029,505SHSOLE29,505 0 0
PEABODY ENERGY CORPCOM704551100218,0008,250SHSOLE8,250 0 0
PEPSICO INCCOM713448108361,0002,000SHSOLE2,000 0 0
PFIZER INCCOM7170811039,933,000193,861SHSOLE193,861 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833448,0004,545SHSOLE4,545 0 0
PROCTER AND GAMBLE CO COM7427181093,730,00024,613SHSOLE24,613 0 0
QUALCOMM INCCOM747525103420,0003,820SHSOLE3,820 0 0
RAYTHEON TECHNOLOGIES CORP COM75513E1013,513,00034,805SHSOLE34,805 0 0
S&P GLOBAL INC COM78409V1041,765,0005,270SHSOLE5,270 0 0
SALESFORCE COM INCCOM79466L30212,888,00097,204SHSOLE97,204 0 0
SELECT SECTOR SPDR TRENERGY81369Y5063,954,00045,205SHSOLE45,205 0 0
SELECT SECTOR SPDR TRSBI INT-INDS81369Y704322,0003,280SHSOLE3,280 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y8521,348,00028,090SHSOLE28,090 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR81369Y4077,612,00058,936SHSOLE58,936 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y3081,436,00019,267SHSOLE19,267 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y60511,271,000329,567SHSOLE329,567 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y20925,389,000186,893SHSOLE186,893 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y8033,883,00031,200SHSOLE31,200 0 0
SHOPIFY INC CL A 82509L1073,674,000105,840SHSOLE105,840 0 0
SNOWFLAKE INCCL A 8334451094,141,00028,851SHSOLE28,851 0 0
SOFI TECHNOLOGIES INC COM83406F102554,000120,280SHSOLE120,280 0 0
SPDR GOLD TRGOLD SHS78463V107721,0004,250SHSOLE4,250 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X2022,508,00064,805SHSOLE64,805 0 0
SPDR INDEX SHS FDS ASIA PACIF ETF 78463X301538,0005,600SHSOLE5,600 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F10324,688,00064,555SHSOLE64,555 0 0
SPDR SER TRS&P REGL BKG78464A698244,0004,160SHSOLE4,160 0 0
SPDR SER TRBLOOMBERG 1-3 MO78468R663292,0003,193SHSOLE3,193 0 0
STARBUCKS CORP COM8552441099,493,00095,694SHSOLE95,694 0 0
STARWOOD PPTY TR INCCOM85571B1051,074,00058,615SHSOLE58,615 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS8740391002,158,00028,965SHSOLE28,965 0 0
TARGET CORPCOM87612E106323,0002,165SHSOLE2,165 0 0
TENCENT MUSIC ENTMT GROUP SPON ADS 88032Q10911,807,000278,733SHSOLE278,733 0 0
TESLA INCCOM88160R101200,0001,625SHSOLE1,625 0 0
T-MOBILE US INC COM8725901045,886,00042,040SHSOLE42,040 0 0
UBER TECHNOLOGIES INC COM90353T1006,535,000264,270SHSOLE264,270 0 0
UNILEVER PLC SPON ADR NEW 904767704278,0005,514SHSOLE5,514 0 0
UNITEDHEALTH GROUP INC COM91324P1022,825,0005,328SHSOLE5,328 0 0
VAGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C4091,507,00020,043SHSOLE20,043 0 0
VANECK ETF TRUSTSEMICONDUCTR ETF92189F6764,203,00020,711SHSOLE20,711 0 0
VANECK ETF TRUSTAGRIBUSINESS ETF92189F700217,0002,530SHSOLE2,530 0 0
VANGAURD WHITEHALL FDS EMERG MKT BD ETF 921946885286,0004,695SHSOLE4,695 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 92290836310,940,00031,137SHSOLE31,137 0 0
VANGUARD INTL EQUITY INDEX FTSE EUROPE ETF 9220428742,790,00050,330SHSOLE50,330 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858589,00015,100SHSOLE15,100 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805747,00016,000SHSOLE16,000 0 0
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102225,0003,900SHSOLE3,900 0 0
VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406743,0006,870SHSOLE6,870 0 0
VANGUARD WORLD FDMEGA GRWTH IND921910816473,0002,750SHSOLE2,750 0 0
VANGUARD WORLD FDS INF TECH ETF 92204A7023,748,00011,735SHSOLE11,735 0 0
VERIZON COMUNICATIONS INC COM92343V104552,00014,020SHSOLE14,020 0 0
VISA INC COM CL A 92826C83913,144,00063,265SHSOLE63,265 0 0
WALMART INC COM9311421035,686,00040,105SHSOLE40,105 0 0
WASTE MGMT INC DEL COM94106L109668,0004,260SHSOLE4,260 0 0
WELLS FARGO CO NEWCOM949746101206,0004,980SHSOLE4,980 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X7012,021,00028,885SHSOLE28,885 0 0
WISDOMTREE TR JAPN HEDGE EQT97717W8513,468,00053,942SHSOLE53,942 0 0
ZILLOW GROUP INC CL A98954M200225,0006,975SHSOLE6,975 0 0