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Alhambra Investment Management LLC — 13F Holdings & Portfolio

CIK 1802696 · latest 13F-HR filed 2026-10-15

Backtest portfolio

Alhambra Investment Management LLC manages $234.3M in 13F-reported U.S. long-equity assets across 184 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are AAPL (7.46%), FNDX (5.27%), DGRO (3.38%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 14 new positions and exited 12; 57 existing positions rose in reported value and 58 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$234.3M

Long-equity book

Holdings
184

Distinct positions

Period
2026-09-30

Filed 2026-10-15

Q/Q Activity
+14 / −12 / ↑57 / ↓58

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
AAPL7.5% · -0%FNDX5.3% · -0%DGRO3.4% · +1%STIP3.2% · -0%BIL2.7% · +1035%GOOGL2.7% · -1%AGG2.6% · +131%FNDF2.5% · +3%VGSH2.4% · -1%IJH2.2% · +18%VGIT2.2% · +1%COST2.2% · -2%REET2.0% · +1%GOOG2.0% · -0%VBR2.0% · +11%VNQ1.9% · +1%SUB1.6% · +0%MSFT1.6% · -1%IAU1.6% · +19%VXUS1.5% · -1%BRK.B1.2% · -1%CSCO1.1% · -1%BNDW1.0% · -59%JNJ1.0% · -0%JPM0.9% · -1%QCOM0.8% · +2%COMT0.8% · +6%MUB0.8% · +1%ISRG0.8% · 0%AMGN0.8% · -0%V0.7% · +0%HD0.7% · 0%CVX0.7% · +10%PEP0.7% · +1%AVDV0.7% · newAMZN0.6% · +1%SDCI0.6% · +7%MRK0.6% · -1%BCD0.6% · +6%VTEB0.6% · +2%NEE0.6% · +0%GE0.6% · -1%PNC0.5% · -2%RTX0.5% · -0%LLY0.5% · -0%PPLT0.5% · +71%KO0.5% · 0%AXP0.5% · -0%VTES0.5% · 0%TDS0.5% · 0%GRMN0.5% · -1%XOM0.5% · -0%TJX0.5% · -0%PALL0.5% · +62%PH0.5% · -2%MU0.5% · -1%SONY0.5% · +0%WMT0.4% · -3%ADP0.4% · -3%ACN0.4% · +15%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 34.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Jun 24, 2026.

Assets Under Management
$320.2M
Discretionary
$249.3M
Employees
5
Accounts
533
Address
8925 SW 148 STREET
SUITE 214
PALMETTO BAY, FL 33176
Phone
(305) 233-3772
Website
Mailing Address
PO BOX 1198, AIKEN, SC, 29802
Name Title / Status Ownership Type
ALHAMBRA INVESTMENT PARTNERS LLC ControlOWNER AND MANAGING MEMBER
since Mar 2011
75% or moreDomestic Entity
CALHOUN, JOSEPH, YOUNGBLOOD ControlCHIEF EXECUTIVE OFFICER
since Jun 2006
Less than 5%Individual
PEREZ, JUAN, MARCELO ControlCHIEF COMPLIANCE OFFICER/CHIEF OPERATING OFFICER
since Nov 2023
Less than 5%Individual
CALHOUN, JOSEPH, YOUNGBLOOD
Indirect owner via ALHAMBRA INVESTMENT PARTNERS LLC
OWNER AND MANAGER
since Mar 2011
General partner, trustee or managerIndividual
CASARIEGO, ORLANDO, J.
Indirect owner via ALHAMBRA INVESTMENT PARTNERS LLC
OWNER AND MANAGER
since Mar 2011
General partner, trustee or managerIndividual
TERRY, DOUGLAS, READE
Indirect owner via ALHAMBRA INVESTMENT PARTNERS LLC
OWNER AND MANAGER
since Mar 2011
General partner, trustee or managerIndividual
Ownership & leadership changes · 8 filings with changes since Mar 30, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Nov 10, 2023 filing
  • ChangedALHAMBRA INVESTMENT PARTNERS LLC · title MEMBER → OWNER AND MANAGING MEMBER
  • ChangedCALHOUN, JOSEPH, YOUNGBLOOD · indirect via ALHAMBRA INVESTMENT PARTNERS LLC: title MANAGER → OWNER AND MANAGER; no longer a control person
  • ChangedCASARIEGO, ORLANDO, J. · indirect via ALHAMBRA INVESTMENT PARTNERS LLC: title MANAGER → OWNER AND MANAGER; no longer a control person
  • ChangedPEREZ, JUAN, MARCELO · now a control person
  • ChangedTERRY, DOUGLAS, READE · indirect via ALHAMBRA INVESTMENT PARTNERS LLC: title MANAGER → OWNER AND MANAGER; no longer a control person
Nov 6, 2023 filing
  • No longer listedCASARIEGO, ORLANDO, J. · MEMBER · 10–25% · control person · listed since Jun 2005
  • No longer listedMCARDLE, GEORGE, E · MEMBER · 5–10% · listed since Jan 2007
  • No longer listedPEREZ, ALEX · MEMBER · Less than 5% · listed since Sep 2011
  • No longer listedPEREZ, RAFAEL, ANTONIO · INVESTMENT ADVISER REPRESENTATIVE · 5–10% · listed since Jun 2005
  • No longer listedRODRIGUEZ, HERMEN · MEMBER · Less than 5% · listed since Jan 2007
  • No longer listedSNIDER, JEFFREY, PAUL · MEMBER · 10–25% · listed since Jul 2012
  • No longer listedTERRY, DOUGLAS, READE · CHARTERED FINANCIAL ANALYST · 10–25% · control person · listed since Mar 2011
  • No longer listedTERRY, ROGER, L · MEMBER · 5–10% · listed since Mar 2011
  • AddedALHAMBRA INVESTMENT PARTNERS LLC · MEMBER · 75% or more · control person
  • AddedCALHOUN, JOSEPH, YOUNGBLOOD · MANAGER · General partner, trustee or manager · indirect via ALHAMBRA INVESTMENT PARTNERS LLC · control person
  • AddedCASARIEGO, ORLANDO, J. · MANAGER · General partner, trustee or manager · indirect via ALHAMBRA INVESTMENT PARTNERS LLC · control person
  • AddedTERRY, DOUGLAS, READE · MANAGER · General partner, trustee or manager · indirect via ALHAMBRA INVESTMENT PARTNERS LLC · control person
  • ChangedCALHOUN, JOSEPH, YOUNGBLOOD · title CEO/CCO → CHIEF EXECUTIVE OFFICER; ownership 25–50% → Less than 5%
  • ChangedPEREZ, JUAN, MARCELO · title CHIEF OPERATING OFFICER → CHIEF COMPLIANCE OFFICER/CHIEF OPERATING OFFICER
Jun 20, 2023 filing
  • ChangedCALHOUN, JOSEPH, YOUNGBLOOD · title CHIEF COMPLIANCE OFFICER → CEO/CCO
  • ChangedPEREZ, JUAN, MARCELO · title HEAD OF OPERATIONS → CHIEF OPERATING OFFICER
  • ChangedPEREZ, RAFAEL, ANTONIO · title GENERAL COUNSEL → INVESTMENT ADVISER REPRESENTATIVE
  • ChangedTERRY, DOUGLAS, READE · title CHIEF INVESTMENT OFFICER → CHARTERED FINANCIAL ANALYST
Apr 11, 2023 filing
  • AddedPEREZ, JUAN, MARCELO · HEAD OF OPERATIONS · Less than 5%
  • ChangedCALHOUN, JOSEPH, YOUNGBLOOD · ownership 10–25% → 25–50%
  • ChangedTERRY, DOUGLAS, READE · now a control person
Nov 3, 2020 filing
  • AddedSNIDER, JEFFREY, PAUL · MEMBER · 10–25%
  • ChangedTERRY, ROGER, L · ownership 10–25% → 5–10%
Aug 4, 2015 filing
  • ChangedPEREZ, ALEX · ownership 5–10% → Less than 5%
Mar 17, 2015 filing
  • ChangedPEREZ, RAFAEL, ANTONIO · title MEMBER → GENERAL COUNSEL
Apr 30, 2012 filing
  • AddedPEREZ, ALEX · MEMBER · 5–10%
Mar 30, 2012 filing (earliest on record)
  • ListedCALHOUN, JOSEPH, YOUNGBLOOD · CHIEF COMPLIANCE OFFICER · 10–25% · control person
  • ListedCASARIEGO, ORLANDO, J. · MEMBER · 10–25% · control person
  • ListedMCARDLE, GEORGE, E · MEMBER · 5–10%
  • ListedPEREZ, RAFAEL, ANTONIO · MEMBER · 5–10%
  • ListedRODRIGUEZ, HERMEN · MEMBER · Less than 5%
  • ListedTERRY, DOUGLAS, READE · CHIEF INVESTMENT OFFICER · 10–25%
  • ListedTERRY, ROGER, L · MEMBER · 10–25%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 57 →

Top Trims

Show all 58 →

New Positions

Show all 14 →

Exited Positions

Show all 12 →

Alhambra Investment Management LLC Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 APPLE INC AAPL 037833100 $17.5M 7.46% 52,505 SH
2 SCHWAB STRATEGIC TR FNDX 808524771 $12.4M 5.27% 392,445 SH
3 ISHARES TR DGRO 46434V621 $7.9M 3.38% 105,124 SH
4 ISHARES TR STIP 46429B747 $7.5M 3.22% 75,700 SH
5 SPDR SERIES TRUST BIL 78468R663 $6.3M 2.68% 68,609 SH
6 ALPHABET INC GOOGL 02079K305 $6.3M 2.67% 18,190 SH
7 ISHARES TR AGG 464287226 $6.2M 2.63% 65,241 SH
8 SCHWAB STRATEGIC TR FNDF 808524755 $5.9M 2.50% 109,160 SH
9 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $5.6M 2.37% 96,528 SH
10 ISHARES TR IJH 464287507 $5.2M 2.21% 72,039 SH
11 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $5.1M 2.19% 90,750 SH
12 COSTCO WHOLESALE CORPORATION COST 22160K105 $5.1M 2.16% 5,558 SH
13 ISHARES TR REET 46434V647 $4.8M 2.05% 185,933 SH
14 ALPHABET INC GOOG 02079K107 $4.8M 2.04% 14,047 SH
15 VANGUARD INDEX FDS VBR 922908611 $4.8M 2.03% 20,627 SH
16 VANGUARD INDEX FDS VNQ 922908553 $4.5M 1.90% 49,773 SH
17 ISHARES TR SUB 464288158 $3.8M 1.60% 35,916 SH
18 MICROSOFT CORP MSFT 594918104 $3.7M 1.59% 7,266 SH
19 ISHARES GOLD TR IAU 464285204 $3.6M 1.55% 46,624 SH
20 VANGUARD STAR FDS VXUS 921909768 $3.4M 1.47% 40,594 SH
21 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $2.8M 1.18% 5,545 SH
22 CISCO SYS INC CSCO 17275R102 $2.6M 1.11% 24,084 SH
23 VANGUARD SCOTTSDALE FDS BNDW 92206C565 $2.4M 1.01% 35,834 SH
24 JOHNSON & JOHNSON JNJ 478160104 $2.3M 0.98% 8,668 SH
25 JPMORGAN CHASE & CO JPM 46625H100 $2.2M 0.93% 6,572 SH
26 QUALCOMM INC QCOM 747525103 $1.8M 0.79% 10,034 SH
27 ISHARES U S ETF TR COMT 46431W853 $1.8M 0.79% 50,059 SH
28 ISHARES TR MUB 464288414 $1.8M 0.78% 18,153 SH
29 INTUITIVE SURGICAL INC ISRG 46120E602 $1.8M 0.78% 4,500 SH
30 AMGEN INC AMGN 031162100 $1.8M 0.78% 4,320 SH
31 VISA INC V 92826C839 $1.7M 0.74% 4,803 SH
32 HOME DEPOT INC HD 437076102 $1.7M 0.71% 5,873 SH
33 CHEVRON CORPORATION CVX 166764100 $1.6M 0.70% 8,012 SH
34 PEPSICO INC PEP 713448108 $1.6M 0.67% 12,393 SH
35 AMERICAN CENTY ETF TR AVDV 025072802 $1.5M 0.66% 14,044 SH
36 AMAZON COM INC AMZN 023135106 $1.5M 0.62% 5,843 SH
37 USCF ETF TR SDCI 90290T809 $1.5M 0.62% 46,615 SH
38 MERCK & CO INC MRK 58933Y105 $1.5M 0.62% 10,000 SH
39 ABRDN ETFS BCD 003261203 $1.4M 0.58% 35,544 SH
40 VANGUARD MUN BD FDS VTEB 922907746 $1.3M 0.57% 28,294 SH
41 NEXTERA ENERGY INC NEE 65339F101 $1.3M 0.57% 17,654 SH
42 GE AEROSPACE GE 369604301 $1.3M 0.56% 4,184 SH
43 PNC FINL SVCS GROUP INC PNC 693475105 $1.2M 0.53% 5,609 SH
44 RTX CORPORATION RTX 75513E101 $1.2M 0.53% 6,679 SH
45 ELI LILLY & CO LLY 532457108 $1.2M 0.52% 1,062 SH
46 ABRDN PLATINUM ETF TRUST PPLT 003260106 $1.2M 0.52% 78,629 SH
47 COCA COLA CO KO 191216100 $1.2M 0.50% 13,738 SH
48 AMERICAN EXPRESS CO AXP 025816109 $1.2M 0.50% 3,830 SH
49 VANGUARD WELLINGTON FD VTES 921935870 $1.2M 0.49% 11,700 SH
50 TELEPHONE & DATA SYS INC TDS 879433829 $1.2M 0.49% 34,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-15 $234.3M 184 0001802696-26-000005
2026-06-30 2026-07-16 $229.1M 182 0001802696-26-000003
2026-03-31 2026-04-15 $216.6M 176 0001802696-26-000002
2025-12-31 2026-01-15 $215.0M 175 0001802696-26-000001
Filer Information
Address
8925 SW 148 ST.
SUITE 214
PALMETTO BAY, FL 33176
Phone
(305) 233-3772
Filing Manager
Alhambra Investment Management LLC
PALMETTO BAY, FL
Signatory
Marcelo Perez
CCO