Alhambra Investment Management LLC Q4 2025 Filing

Filed January 15, 2026

Portfolio Value

$215.0M

Holdings

175

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (175 positions)

#	Stock	Shares	Value	% Portfolio
1	AAPLAPPLE INC	53,214	$14.5M	6.73%
2	FNDXSCHWAB STRATEGIC TR	408,892	$11.1M	5.18%
3	DGROISHARES TR	109,792	$7.6M	3.55%
4	STIPISHARES TR	61,399	$6.3M	2.92%
5	GOOGLALPHABET INC	19,204	$6.0M	2.80%
6	SPGPINVESCO EXCHANGE TRADED FD T	48,852	$5.6M	2.59%
7	FNDFSCHWAB STRATEGIC TR	121,098	$5.5M	2.55%
8	COSTCOSTCO WHSL CORP NEW	5,834	$5.0M	2.34%
9	GOOGALPHABET INC	14,672	$4.6M	2.14%
10	REETISHARES TR	180,840	$4.5M	2.10%
11	BNDWVANGUARD SCOTTSDALE FDS	64,610	$4.4M	2.07%
12	VBRVANGUARD INDEX FDS	20,603	$4.4M	2.03%
13	VNQVANGUARD INDEX FDS	48,171	$4.3M	1.98%
14	IJHISHARES TR	64,076	$4.2M	1.97%
15	VGITVANGUARD SCOTTSDALE FDS	68,409	$4.1M	1.91%
16	VGSHVANGUARD SCOTTSDALE FDS	69,541	$4.1M	1.90%
17	SUBISHARES TR	34,791	$3.7M	1.73%
18	MSFTMICROSOFT CORP	7,062	$3.4M	1.59%
19	IAU*ISHARES GOLD TR	41,943	$3.4M	1.58%
20	VXUSVANGUARD STAR FDS	42,656	$3.2M	1.50%
21	AGGISHARES TR	29,649	$3.0M	1.38%
22	BRK/BBERKSHIRE HATHAWAY INC DEL	5,424	$2.7M	1.27%
23	ISRGINTUITIVE SURGICAL INC	4,500	$2.5M	1.19%
24	JPMJPMORGAN CHASE & CO.	7,169	$2.3M	1.07%
25	HDHOME DEPOT INC	5,996	$2.1M	0.96%
26	CSCOCISCO SYS INC	25,484	$2.0M	0.91%
27	MUBISHARES TR	17,410	$1.9M	0.87%
28	JNJJOHNSON & JOHNSON	8,751	$1.8M	0.84%
29	PEPPEPSICO INC	12,371	$1.8M	0.83%
30	QCOMQUALCOMM INC	10,192	$1.7M	0.81%
31	VVISA INC	4,555	$1.6M	0.74%
32	GEGE AEROSPACE	5,045	$1.6M	0.72%
33	AXPAMERICAN EXPRESS CO	3,973	$1.5M	0.68%
34	PPLTABRDN PLATINUM ETF TRUST	7,786	$1.5M	0.68%
35	COMTISHARES U S ETF TR	56,731	$1.4M	0.66%
36	AMGNAMGEN INC	4,297	$1.4M	0.65%
37	PDBCINVESCO ACTVELY MNGD ETC FD	105,707	$1.4M	0.65%
38	TDSTELEPHONE & DATA SYS INC	34,000	$1.4M	0.65%
39	VTEBVANGUARD MUN BD FDS	26,852	$1.4M	0.63%
40	TJXTJX COS INC NEW	8,779	$1.3M	0.63%
41	NEENEXTERA ENERGY INC	16,424	$1.3M	0.61%
42	PALLABRDN PALLADIUM ETF TRUST	8,925	$1.3M	0.60%
43	AMZNAMAZON COM INC	5,564	$1.3M	0.60%
44	RTXRTX CORPORATION	6,865	$1.3M	0.59%
45	LLYELI LILLY & CO	1,133	$1.2M	0.57%
46	PNCPNC FINL SVCS GROUP INC	5,806	$1.2M	0.56%
47	WMTWALMART INC	10,521	$1.2M	0.55%
48	NFLXNETFLIX INC	12,009	$1.1M	0.52%
49	MRKMERCK & CO INC	10,533	$1.1M	0.52%
50	PHPARKER-HANNIFIN CORP	1,251	$1.1M	0.51%
51	VTESVANGUARD WELLINGTON FD	10,800	$1.1M	0.51%
52	SONYSONY GROUP CORP	40,244	$1.0M	0.48%
53	MCDMCDONALDS CORP	3,347	$1.0M	0.48%
54	METAMETA PLATFORMS INC	1,521	$1.0M	0.47%
55	KOCOCA COLA CO	14,334	$1.0M	0.47%
56	ORCLORACLE CORP	5,051	$984K	0.46%
57	ADPAUTOMATIC DATA PROCESSING IN	3,700	$951K	0.44%
58	CVXCHEVRON CORP NEW	6,105	$930K	0.43%
59	GRMNGARMIN LTD	4,433	$899K	0.42%
60	SHELSHELL PLC	12,010	$882K	0.41%
61	PGPROCTER AND GAMBLE CO	5,827	$835K	0.39%
62	BILSPDR SERIES TRUST	9,086	$830K	0.39%
63	DHRDANAHER CORPORATION	3,411	$780K	0.36%
64	SDCIUSCF ETF TR	35,015	$771K	0.36%
65	BCDABRDN ETFS	23,818	$737K	0.34%
66	NVSNNOVARTIS AG	5,258	$724K	0.34%
67	ABBVABBVIE INC	3,167	$723K	0.34%
68	DISDISNEY WALT CO	6,358	$723K	0.34%
69	SHYISHARES TR	8,729	$722K	0.34%
70	NOCNORTHROP GRUMMAN CORP	1,262	$719K	0.33%
71	TRVTRAVELERS COMPANIES INC	2,420	$701K	0.33%
72	LRCXLAM RESEARCH CORP	4,059	$694K	0.32%
73	GQ9SPDR GOLD TR	1,751	$693K	0.32%
74	BSVVANGUARD BD INDEX FDS	8,644	$681K	0.32%
75	SYKSTRYKER CORPORATION	1,937	$680K	0.32%
76	IJRISHARES TR	5,350	$642K	0.30%
77	SSNCSS&C TECHNOLOGIES HLDGS INC	7,299	$638K	0.30%
78	LOWLOWES COS INC	2,600	$627K	0.29%
79	YUMYUM BRANDS INC	3,989	$603K	0.28%
80	ACNACCENTURE PLC IRELAND	2,231	$598K	0.28%
81	BKBANK NEW YORK MELLON CORP	5,125	$594K	0.28%
82	CSLCARLISLE COS INC	1,823	$583K	0.27%
83	HSYHERSHEY CO	3,184	$579K	0.27%
84	CITHE CIGNA GROUP	2,090	$575K	0.27%
85	XOMEXXON MOBIL CORP	4,778	$574K	0.27%
86	ADSKAUTODESK INC	1,923	$569K	0.26%
87	AMATAPPLIED MATLS INC	2,119	$544K	0.25%
88	AIQGLOBAL X FDS	10,515	$534K	0.25%
89	CITCINTAS CORP	2,820	$530K	0.25%
90	AZNASTRAZENECA PLC	5,621	$516K	0.24%
91	CHWYCHEWY INC	15,403	$509K	0.24%
92	ETNEATON CORP PLC	1,595	$508K	0.24%
93	PLDPROLOGIS INC.	3,942	$503K	0.23%
94	JPSTJ P MORGAN EXCHANGE TRADED F	9,862	$498K	0.23%
95	RSGREPUBLIC SVCS INC	2,337	$495K	0.23%
96	MUMICRON TECHNOLOGY INC	1,726	$492K	0.23%
97	NVDANVIDIA CORPORATION	2,614	$487K	0.23%
98	GEHCGE HEALTHCARE TECHNOLOGIES I	5,818	$477K	0.22%
99	ADBEADOBE INC	1,347	$471K	0.22%
100	BACBANK AMERICA CORP	8,549	$470K	0.22%

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