BWMX · Betterware De Mexico, S.A.P.I. De C.V · Holdings

$16.75 -0.20 (-1.18%) Q3 2026 earnings call transcript

Market Cap

$631.28M

37.24M

Volume · Oct 28 37.68K Avg daily vol (3M) 70.12K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of BWMX: 13F, 13D and 13G, insiders and funds →

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 45

Total Value: $85,430,315

Total Shares: 4,758,185

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 46 13F filers

Top Holder

67.9%

of institutional value

Top 5

81.8%

of institutional value

Top 10

89.1%

of institutional value

HHI

4,700

Highly concentrated

Who Holds BWMX

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 46 filers, like-for-like change +0.3%; actively managed books +2.1%; index-like books -21.9%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	79.4%	21	-0.9%	4	4
Adviser	1.7%	1	+74.8%	0	0
Bank	2.9%	6	+12.2%	0	0
Non-US	1.3%	2	+6.8%	0	0
Holding company	4.5%	5	-24.0%	0	0
Benefit plan	0.0%	0	-100.0%	0	1
Exempt adviser	0.0%	0	—	0	0
Broker-dealer	0.0%	0	—	0	0
Unknown	10.2%	11	+16.0%	2	1

Style	Share	Filers	Change	New	Exited
Index-like	5.6%	5	-21.9%	0	1
Systematic-like	3.3%	6	+23.1%	1	1
Concentrated	70.0%	5	-4.6%	0	2
Diversified active	21.1%	30	+28.5%	5	2
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	77.0%	22	-5.1%	1	4
Medium turnover	19.7%	16	+24.5%	3	0
High turnover	3.4%	8	+23.5%	2	1
Unknown	0.0%	0	-100.0%	0	1
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	1.6%	5	+6.4%	1	1
Medium horizon	0.3%	6	+649.4%	2	1
Long horizon	96.0%	32	+0.7%	3	4
Unknown	2.0%	3	-26.7%	0	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	3.9%	8	+7.2%	3	2
$1B to $10B	70.2%	11	-5.2%	0	2
$10B to $100B	12.1%	10	+26.6%	2	1
$100B or more	13.7%	17	+10.9%	1	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	71.1%	11	-4.1%	2	3
Pooled investment vehicles	6.1%	6	+17.5%	0	1
Registered funds and BDCs	2.1%	3	+637.8%	2	0
Other	0.0%	1	-90.8%	0	0
Other investment advisers	0.0%	0	—	0	0
Unknown	20.6%	25	+5.5%	2	2

Private funds	Share	Filers	Change	New	Exited
Hedge funds	5.5%	6	+53.3%	1	1
Real estate funds	0.3%	2	-1.4%	0	0
Other private funds	2.0%	1	+30.8%	0	0
No private funds	71.5%	12	-4.2%	3	3
Private funds, type not stated	0.0%	0	—	0	0
Unknown	20.6%	25	+5.5%	2	2

Location	Share	Filers	Change	New	Exited
United States	98.1%	40	-0.1%	5	6
Outside the US	1.9%	6	+33.1%	1	0

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-06-30 13F.

Conviction and Crowding

46 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

2.17% of filers hold it in their top 10

Mar 31, 2026: 1

Holders above 5%

median weight 0.001%

Mar 31, 2026: 1

Crowding

—

a foreign private issuer reports ordinary shares, a different unit from the listed shares

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

a foreign private issuer reports ordinary shares, a different unit from the listed shares

Top 10 holders

89.1%

of 13F shares, Herfindahl 0.470

Active holders

+2.1%

like-for-like share change of active filers

5% stakes on record

1 13D, 1 13G (0 institutional, 1 passive, 0 exempt)

How long holders have held it value-weighted 15.1 quarters

Under 1 year 9.59% 1 to 3 years 16.0% 3 years or more 74.4% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$15.82

estimated per share

Mar 31, 2026: $15.44

Quarter-end price

$17.99

implied by 13F values

Estimated gain or loss

+13.7%

price against the estimated cost

Estimated at a loss

3.83%

of costed 13F value

Estimated cost covers 32.1% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies BWMX's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	NU Nu Holdings Ltd.	4	0.109
2	ARVR First Trust Indxx Metaverse ETF	4	0.076
3	BABA Alibaba Group Holding Ltd	3	0.063
4	NVO Novo Nordisk A S	3	0.062
5	CDNS Cadence Design Systems Inc	3	0.059
6	NOW ServiceNow, Inc.	4	0.054
7	CRM Salesforce, Inc.	4	0.049
8	STT State Street Corp	4	0.046
9	DELL Dell Technologies Inc.	3	0.039
10	BIL State Street SPDR Bloomberg 1-3 Month T-Bill ETF	4	0.039

Shareholder Targets

13F filers that own its peers but not BWMX, quarter ended Jun 30, 2026

Found through its holder-overlap peers: NU, ARVR, BABA, NVO, CDNS, NOW, CRM, STT, DELL, BIL, IVZ, UBER, LLY, GEV, ORCL, CRWD, TMO, PFE, TSM, META. 7,003 filers in all.

#	Filer	In peers	Of book	Largest peers
1	VANGUARD CAPITAL MANAGEMENT LLC Registered adviser, Index-like	$258,719,364,709 16 held	5.53%	META, LLY, GEV
2	FMR LLC Holding company, Diversified active	$167,558,046,907 20 held	7.29%	META, LLY, TSM
3	LILLY ENDOWMENT INC Unknown, Unknown	$108,400,867,760 1 held	100.0%	LLY
4	GEODE CAPITAL MANAGEMENT, LLC Registered adviser, Index-like	$97,733,482,794 16 held	5.21%	META, LLY, GEV
5	VANGUARD PORTFOLIO MANAGEMENT LLC Registered adviser, Diversified active	$87,714,248,010 16 held	3.95%	LLY, META, ORCL
6	Capital Research Global Investors Adviser, Diversified active	$74,297,407,462 12 held	10.4%	LLY, META, UBER
7	Capital World Investors Adviser, Diversified active	$71,342,352,667 13 held	8.46%	META, LLY, TSM
8	BANK OF AMERICA CORP /DE/ Bank, Diversified active	$70,061,140,011 20 held	4.53%	LLY, META, TSM
9	PNC FINANCIAL SERVICES GROUP, INC. Bank, Concentrated	$66,101,105,254 20 held	32.8%	LLY, IVZ, META
10	PRICE T ROWE ASSOCIATES INC /MD/ Registered adviser, Diversified active	$58,265,966,992 19 held	5.85%	META, LLY, TSM

Fund Ownership of BWMX by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0.00% of shares outstanding.

Fund type	Of shares outstanding	Shares	Funds
Index funds	0.00%	0	0
Index ETFs	0.00%	0	0
Active ETFs	0.00%	0	0
Active funds	0.01%	5,237	1
Unclassified	0.00%	0	0
All registered funds	0.01%	5,237	1

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 20 Adviser 1 Bank 6 Non-US 2 Holding company 5 Unknown 11

Showing 45 of 45

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

MMBG INVESTMENT ADVISORS CO.

$58,718,820

68.73%

3,263,970

ACADIAN ASSET MANAGEMENT LLC

$6,552,605

7.67%

364,236

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Acadian Inc	364,236	$6,552,605	100.0%	Defined

MORGAN STANLEY

$2,072,340

2.43%

115,194

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	97,695	$1,757,533	84.8%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	3,700	$66,563	3.2%	Defined
MORGAN STANLEY SMITH BARNEY LLC	13,799	$248,244	12.0%	Defined

QUATTRO FINANCIAL ADVISORS LLC

$1,827,100

2.14%

110,000

STATE STREET CORP

$1,643,008

1.92%

91,329

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SSGA FUNDS MANAGEMENT, INC.	91,329	$1,643,008	100.0%	Defined

LAZARD ASSET MANAGEMENT LLC

$1,465,285

1.72%

81,450

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP

$1,305,750

1.53%

72,582

FIRST TRUST ADVISORS LP

$1,296,683

1.52%

72,078

BNP PARIBAS ARBITRAGE, SA

$1,137,705

1.33%

63,241

MILLENNIUM MANAGEMENT LLC

$1,131,696

1.32%

62,907

GOLDMAN SACHS GROUP INC

$921,717

1.08%

51,235

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	51,235	$921,717	100.0%	Defined

SEI INVESTMENTS CO

$851,268

1.00%

47,319

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SEI TRUST CO	47,319	$851,268	100.0%	Sole

UBS Group AG

$829,986

0.97%

46,136

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	35,351	$635,964	76.6%	Defined
UBS AG	10,785	$194,022	23.4%	Defined

Engineers Gate Manager LP

$621,644

0.73%

34,555

COMMONWEALTH EQUITY SERVICES, LLC

$599,192

0.70%

33,307

RENAISSANCE TECHNOLOGIES LLC

$462,343

0.54%

25,700

STIFEL FINANCIAL CORP

$462,180

0.54%

25,691

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STIFEL NICOLAUS & CO INC \MO\	24,408	$439,099	95.0%	Defined
Stifel Independent Advisors, LLC	1,283	$23,081	5.0%	Defined

Numerai GP LLC

$358,162

0.42%

19,909

NewEdge Advisors, LLC

$356,130

0.42%

19,796

O'SHAUGHNESSY ASSET MANAGEMENT, LLC

$295,539

0.35%

16,428

XTX Topco Ltd

$288,127

0.34%

16,016

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	16,016	$288,127	100.0%	Defined

EXCHANGE TRADED CONCEPTS, LLC

$273,322

0.32%

15,193

Susquehanna Portfolio Strategies, LLC

$271,163

0.32%

15,073

R Squared Ltd

$255,458

0.30%

14,200

Empowered Funds, LLC

$241,353

0.28%

13,416

GSA CAPITAL PARTNERS LLP

$237,539

0.28%

13,204

Bulltick Wealth Management, LLC

$231,081

0.27%

12,845

CONFLUENCE INVESTMENT MANAGEMENT LLC

$204,402

0.24%

12,306

NEW YORK STATE COMMON RETIREMENT FUND

$185,638

0.22%

10,319

Russell Investments Group, Ltd.

$135,788

0.16%

7,548

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investments Limited joint	7,548	$135,788	100.0%	Other

OSAIC HOLDINGS, INC.

$40,314

0.05%

2,241

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	2,218	$39,901	99.0%	Defined
Osaic Advisory Services, LLC	23	$413	1.0%	Defined

GFS Advisors, LLC

$37,779

0.04%

2,100

CITIGROUP INC

$26,589

0.03%

1,478

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	1,478	$26,589	100.0%	Defined

JPMORGAN CHASE & CO

$26,283

0.03%

1,461

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	1,461	$26,283	100.0%	Defined

BlackRock, Inc.

$20,094

0.02%

1,117

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BlackRock Investment Management, LLC	479	$8,617	42.9%	Sole
BlackRock Institutional Trust Company, N.A.	638	$11,477	57.1%	Sole

ROYAL BANK OF CANADA

$11,711

0.01%

651

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	651	$11,711	100.0%	Defined

SBI Securities Co., Ltd.

$7,540

0.01%

454

SIMPLEX TRADING, LLC

$7,142

0.01%

397

WELLS FARGO & COMPANY/MN

$5,127

0.01%

285

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO CLEARING SERVICES, LLC	285	$5,127	100.0%	Defined

WealthCollab, LLC

$3,975

0.00%

221

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	221	$3,975	100.0%	Defined

Quarry LP

$3,615

0.00%

201

EverSource Wealth Advisors, LLC

$3,382

0.00%

188

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BMSS Wesson Wealth Solutions, LLC	188	$3,382	100.0%	Sole

JONES FINANCIAL COMPANIES LLLP

$2,176

0.00%

121

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Edward D. Jones & Co., L.P.	121	$2,176	100.0%	Sole

KELLEHER FINANCIAL ADVISORS

$917

0.00%

Larson Financial Group LLC

$647

0.00%

Key facts CIK 1788257 CUSIP P1666E105 13F (30d) 3 filings 3 filers Visit website Investor relations