CIK: 0001904126
Total reported value
$158.3M
Reporting period: 2026-03-31 · Number of holdings: 73
Martin Capital Advisors, LLP disclosed 73 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $158.3M and a quarterly turnover rate of 12.6%.
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Martin Capital Advisors, LLP's disclosed holdings carry a Herfindahl concentration index of 0.070 — mathematically equivalent to about 14 equally-sized positions, well below its 73 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.04), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim AAPL
-4.6% -$4.3M
Trim ISRG
-0.1% -$2.1M
Add LRCX
-5.8% $867.5K
Trim INTU
+0.1% -$1.3M
Add COST
-1.2% $556.6K
Trim ORCL
-0.5% -$817.9K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | Stock-Tech | 21.87% | -0.93% | -4.61% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 7.70% | -0.01% | -0.78% | |
| 3 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 5.83% | -0.83% | -0.11% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 4.87% | +0.07% | +0.17% | |
| 5 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 3.72% | +0.10% | -0.35% | |
| 6 | LRCX | Lam Research CORP | Stock-Tech | 3.67% | +0.77% | -5.83% | |
| 7 | MA | Mastercard INC - A | Stock-Financials | 3.10% | -0.20% | -0.37% | |
| 8 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 2.83% | +0.52% | -1.21% | |
| 9 | WSM | Williams-sonoma INC | Stock-Consumer Disc | 2.82% | +0.26% | +0.32% | |
| 10 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.76% | -0.06% | -1.15% | |
| 11 | V | Visa Inc-class A Shares | Stock-Financials | 2.21% | -0.19% | -0.98% | |
| 12 | SBUX | Starbucks CORP | Stock-Consumer Disc | 1.82% | +0.22% | -0.89% | |
| 13 | SCHW | Schwab (charles) CORP | Stock-Financials | 1.67% | +0.01% | -0.76% | |
| 14 | INTU | Intuit INC | Stock-Tech | 1.57% | -0.66% | +0.09% | |
| 15 | ORCL | Oracle CORP | Stock-Tech | 1.56% | -0.37% | -0.47% | |
| 16 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.48% | +0.06% | +6.83% | |
| 17 | IDXX | Idexx Laboratories INC | Stock-Healthcare | 1.46% | -0.19% | -1.11% | |
| 18 | IBB | Ishares Biotechnology ETF | ETF-Tech | 1.43% | +0.04% | -4.28% | |
| 19 | TXN | Texas Instruments INC | Stock-Tech | 1.41% | +0.25% | +1.53% | |
| 20 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 1.39% | — | — | |
| 21 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 1.33% | +0.03% | +0.58% | |
| 22 | BLK | Blackrock INC | Stock-Financials | 1.27% | -0.05% | -0.10% | |
| 23 | XYZ | Block INC | Stock-Financials | 1.18% | -0.03% | -1.83% | |
| 24 | TSCO | Tractor Supply Company | Stock-Consumer Disc | 1.11% | -0.02% | -0.10% | |
| 25 | CAT | Caterpillar INC | Stock-Industrials | 0.94% | +0.23% | — | |
| 26 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.87% | -0.02% | — | |
| 27 | DVA | Davita INC | Stock-Healthcare | 0.86% | +0.27% | — | |
| 28 | CMG | Chipotle Mexican Grill INC | Stock-Consumer Disc | 0.81% | -0.05% | +0.70% | |
| 29 | NDAQ | Nasdaq INC | Stock-Financials | 0.73% | -0.04% | — | |
| 30 | CSCO | Cisco Systems INC | Stock-Tech | 0.64% | — | -0.51% | |
| 31 | SYK | Stryker CORP | Stock-Healthcare | 0.63% | — | +1.30% | |
| 32 | LNTH | Lantheus Holdings INC | Stock-Healthcare | 0.62% | — | -8.29% | |
| 33 | USPH | U.s. Physical Therapy INC | Stock-Other | 0.60% | +0.01% | -1.94% | |
| 34 | AMAT | Applied Materials INC | Stock-Tech | 0.56% | +0.18% | +1.85% | |
| 35 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.54% | -0.02% | -5.58% | |
| 36 | ICE | Intercontinental Exchange In | Stock-Financials | 0.54% | — | +4.74% | |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.52% | — | -2.83% | |
| 38 | DKS | Dick's Sporting Goods INC | Stock-Consumer Disc | 0.51% | — | — | |
| 39 | IWV | Ishares Russell 3000 ETF | ETF-Other | 0.48% | — | — | |
| 40 | GDDY | Godaddy INC - Class A | Stock-Tech | 0.48% | -0.18% | +0.55% | |
| 41 | CRWD | Crowdstrike Holdings INC - A | Stock-Tech | 0.48% | -0.04% | +1.58% | |
| 42 | INTC | Intel CORP | Stock-Tech | 0.47% | +0.11% | — | |
| 43 | NFLX | Netflix INC | Stock-Comm Services | 0.46% | — | -3.83% | |
| 44 | MORN | Morningstar INC | Stock-Financials | 0.45% | -0.09% | — | |
| 45 | TOL | Toll Brothers INC | Stock-Consumer Disc | 0.39% | — | +2.93% | |
| 46 | DGX | Quest Diagnostics INC | Stock-Healthcare | 0.39% | +0.07% | — | |
| 47 | TREX | Trex Company INC | Stock-Industrials | 0.38% | — | -2.75% | |
| 48 | CBOE | Cboe Global Markets INC | Stock-Financials | 0.37% | — | -3.21% | |
| 49 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.35% | — | — | |
| 50 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.34% | — | — |
Performance for Q3 2026
+7.1%
Performance Last 4 Quarters
+23.5%
Based on 90% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 73 | $158.3M | 13 | |
| 2025-12-31 | 72 | $170.5M | 9 | |
| 2025-09-30 | 74 | $165.7M | 21 | |
| 2025-06-30 | 70 | $153.7M | 0 | |
| 2025-03-31 | 67 | $140.2M | 0 | |
| 2024-12-31 | 69 | $155.2M | 0 | |
| 2024-09-30 | 67 | $140.4M | 0 | |
| 2024-06-30 | 66 | $133.3M | 0 | |
| 2024-03-31 | 67 | $127.5M | 0 | |
| 2023-12-31 | 67 | $118.4M | 0 | |
| 2023-09-30 | 62 | $102.8M | 0 | |
| 2023-06-30 | 63 | $109.2M | 0 | |
| 2023-03-31 | 62 | $96.8M | 0 | |
| 2022-12-31 | 60 | $89.4M | 0 | |
| 2022-09-30 | 55 | $68.1M | 0 | |
| 2022-06-30 | 60 | $113.4M | 0 | |
| 2022-03-31 | 64 | $146.0M | 0 | |
| 2021-12-31 | 64 | $161.6M | 0 |
Martin Capital Advisors, LLP's most significant position changes for 2026-03-31: New buy: Sandisk CORP (SNDK); Sold out: Diamond Hill Investment Grp (BVE); New buy: Ipg Photonics CORP (IPGP); Trim: Apple INC (AAPL) — shares -4.61%; Trim: Intuitive Surgical INC (ISRG) — shares -0.11%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LRCX | Lam Research CORP | +0.8% | -5.83% | Trim |
| 2 | COST | Costco Wholesale CORP | +0.5% | -1.21% | Trim |
| 3 | DVA | Davita INC | +0.3% | — | Unchanged |
| 4 | WSM | Williams-sonoma INC | +0.3% | +0.32% | Add |
| 5 | TXN | Texas Instruments INC | +0.3% | +1.53% | Add |
| 6 | CAT | Caterpillar INC | +0.2% | — | Unchanged |
| 7 | SBUX | Starbucks CORP | +0.2% | -0.89% | Trim |
| 8 | AMAT | Applied Materials INC | +0.2% | +1.85% | Add |
| 9 | WDC | Western Digital CORP | +0.1% | +5.90% | Add |
| 10 | INTC | Intel CORP | +0.1% | — | Unchanged |
| 11 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | -0.35% | Trim |
| 12 | GLW | Corning INC | +0.1% | — | Unchanged |
| 13 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | +0.17% | Add |
| 14 | DGX | Quest Diagnostics INC | +0.1% | — | Unchanged |
| 15 | AMZN | Amazon.com INC | +0.1% | +6.83% | Add |
| 16 | GNRC | Generac Holdings INC | +0.1% | -9.72% | Trim |
| 17 | IBB | Ishares Biotechnology ETF | 0% | -4.28% | Trim |
| 18 | EW | Edwards Lifesciences CORP | 0% | +0.58% | Add |
| 19 | SCHW | Schwab (charles) CORP | 0% | -0.76% | Trim |
| 20 | USPH | U.s. Physical Therapy INC | 0% | -1.94% | Trim |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | — | -2.83% | Trim |
| 22 | NVDA | Nvidia CORP | 0% | -0.78% | Trim |
| 23 | TSCO | Tractor Supply Company | 0% | -0.10% | Trim |
| 24 | GOOG | Alphabet Inc-cl C | 0% | — | Unchanged |
| 25 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -5.58% | Trim |
| 26 | XYZ | Block INC | 0% | -1.83% | Trim |
| 27 | PLTR | Palantir Technologies Inc-a | 0% | +4.87% | Add |
| 28 | NOW | Servicenow INC | 0% | +10.55% | Add |
| 29 | NDAQ | Nasdaq INC | 0% | — | Unchanged |
| 30 | CRWD | Crowdstrike Holdings INC - A | 0% | +1.58% | Add |
| 31 | BLK | Blackrock INC | -0.1% | -0.10% | Trim |
| 32 | CMG | Chipotle Mexican Grill INC | -0.1% | +0.70% | Add |
| 33 | PYPL | Paypal Holdings INC | -0.1% | -1.77% | Trim |
| 34 | GOOGL | Alphabet Inc-cl A | -0.1% | -1.15% | Trim |
| 35 | MSFT | Microsoft CORP | -0.1% | +1.79% | Add |
| 36 | QCOM | Qualcomm INC | -0.1% | — | Unchanged |
| 37 | LULU | Lululemon Athletica INC | -0.1% | -3.00% | Trim |
| 38 | MORN | Morningstar INC | -0.1% | — | Unchanged |
| 39 | ADBE | Adobe INC | -0.1% | -1.77% | Trim |
| 40 | GDDY | Godaddy INC - Class A | -0.2% | +0.55% | Add |
| 41 | V | Visa Inc-class A Shares | -0.2% | -0.98% | Trim |
| 42 | IDXX | Idexx Laboratories INC | -0.2% | -1.11% | Trim |
| 43 | MA | Mastercard INC - A | -0.2% | -0.37% | Trim |
| 44 | ORCL | Oracle CORP | -0.4% | -0.47% | Trim |
| 45 | INTU | Intuit INC | -0.7% | +0.09% | Add |
| 46 | ISRG | Intuitive Surgical INC | -0.8% | -0.11% | Trim |
| 47 | AAPL | Apple INC | -0.9% | -4.61% | Trim |
| 48 | SNDK | Sandisk CORP | — | NEW | New buy |
| 49 | BVE | Diamond Hill Investment Grp | — | EXIT | Sold out |
| 50 | IPGP | Ipg Photonics CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-05 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-26 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-15 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-15 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-01 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-28 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-11 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-31 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-01 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-31 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-16 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-01 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-12 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-13 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-05 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-08 | 13F-HR | View on EDGAR |
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