Martel Wealth Advisors LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), Martel Wealth Advisors LLC reported 70 stock positions worth $570.8 million. Its top holding was Vanguard Core Bond ETF (VCRB) at 19.8% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 19.3%) and Vanguard High DVD Yield ETF (VYM, 17.5%). Compared with Q2 2025, it opened 3 new positions, sold out of 3, added to 14 and reduced 26. The biggest buy was Vanguard High DVD Yield ETF (VYM, shares +2%) and the biggest sale iShares Core MSCI Eafe ETF (IEFA, shares −2%).

Most Recent 13F
Q2 2026
Location
VANCOUVER, WA
CIK
0002039437
Portfolio Value
$570.8M (Q3 2025)
SEC Filing
0001214659-25-014927 ↗ filed Oct 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $461.1M Q1 2024 Q2 2024: $466.1M Q2 2024 Q3 2024: $488.9M Q3 2024 Q4 2024: $512.1M Q4 2024 Q1 2025: $502.0M Q1 2025 Q2 2025: $539.4M Q2 2025 Q3 2025: $570.8M $570.8M Q3 2025 Q4 2025: $585.6M Q4 2025 Q1 2026: $587.5M Q1 2026 Q2 2026: $635.7M Q2 2026

Holdings 70 stocks · $570.8M
VCRB Vanguard Core Bond ETF 19.84% 1,444,032 $113.2M Add +4.3%
VUG Vanguard Mrngstar GR ETF-Sui 19.29% 229,637 $110.1M Reduce -1.4%
VYM Vanguard High DVD Yield ETF 17.49% 708,503 $99.9M Add +2.3%
BSV Vanguard Short-Term Bond ETF 11.61% 839,924 $66.3M Add +5.5%
IEFA iShares Core MSCI Eafe ETF 4.19% 274,059 $23.9M Reduce -2.1%
VIG Vanguard Dividend Apprec ETF 2.93% 77,630 $16.8M Reduce -1.9%
SCHG Schwab US Large-Cap Growth 2.69% 480,307 $15.3M Reduce -4.6%
SCHV Schwab US Large-Cap Value 2.57% 503,260 $14.6M Reduce -3.6%
VEA Vanguard Ftse Developed ETF 1.97% 187,953 $11.3M Reduce -3.1%
MUB iShares National Muni Bond E 1.84% 98,656 $10.5M Add +7.0%
IEMG iShares Core MSCI Emerging 1.78% 153,722 $10.1M Reduce -4.0%
AMZN Amazon.com Inc. 1.31% 34,174 $7.5M Reduce -0.8%
VWO Vanguard Ftse Emerging Marke 1.14% 120,421 $6.5M Reduce -5.2%
VTV Vanguard Mrngstr Val ETF-Aui 1.14% 34,752 $6.5M Add +0.6%
VB Vanguard Most SM-Cap ETF-Usd 0.85% 19,179 $4.9M Reduce -3.1%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.72% 13,850 $4.1M Reduce -2.6%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.70% 19,048 $4.0M Reduce -2.5%
BNDX Vanguard Total Intl Bond ETF 0.64% 74,083 $3.7M Reduce -0.5%
RSP Invesco S&P 500 Equal Weight 0.60% 18,031 $3.4M Add +2.3%
HYLB Xtrackers Usd High Yield Cor 0.45% 69,234 $2.6M Reduce -0.2%
ADM Archer-Daniels-Midland Co. 0.41% 39,543 $2.4M No change
EMLC Vaneck JPM Em Local Curr BND 0.38% 85,827 $2.2M Reduce -1.6%
EMB iShares JP Morgan Usd Emergi 0.38% 22,876 $2.2M Reduce -0.4%
TSLA Tesla Inc. 0.38% 4,848 $2.2M Reduce -2.7%
SPHY SS SPDR P High Yield ETF 0.37% 87,843 $2.1M Add +4.3%
VOO Vanguard S&P 500 ETF 0.34% 3,159 $1.9M Reduce -14.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.28% 2,417 $1.6M Reduce -0.3%
CAT Caterpillar Inc. 0.25% 3,000 $1.4M No change
MSFT Microsoft Corp. 0.18% 1,996 $1.0M Reduce -0.3%
VNQ Vanguard Real Estate ETF 0.17% 10,572 $967K Reduce -8.5%
MAR Marriott International Class A 0.16% 3,615 $941K No change
ORCL Oracle Corp. 0.15% 3,000 $844K No change
VTI VG Morningstar TS MKT ETF-US 0.15% 2,556 $839K Reduce -1.0%
ECL Ecolab Inc. 0.14% 3,000 $822K No change
ITW Illinois Tool Works 0.14% 3,000 $782K No change
BRK.A Berkshire Hathaway Inc. Class A 0.13% 1 $754K No change
PG The Procter & Gamble Co. 0.12% 4,549 $699K No change
HD Home Depot Inc. 0.12% 1,674 $678K No change
AVGO Broadcom Inc. 0.11% 1,960 $647K No change
VEU Vanguard Ftse All-World Ex-U 0.10% 8,203 $585K Add +0.5%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.10% 3,965 $546K Add +0.5%
SCHX Schwab US Large-Cap ETF 0.09% 20,078 $529K Add +0.0%
AAPL Apple Inc. 0.09% 2,009 $511K Reduce -26.8%
PGR Progressive Corp. 0.09% 2,000 $494K No change
ACN Accenture PLC Class A 0.09% 2,000 $493K No change
NVDA Nvidia Corp. 0.08% 2,367 $442K No change
ZTS Zoetis Inc. 0.08% 3,000 $439K No change
PEP Pepsico Inc. 0.07% 3,000 $421K No change
EMR Emerson Electric Co. 0.07% 3,000 $394K No change
OKE Oneok Inc. 0.06% 5,078 $371K No change
CSCO Cisco Systems Inc. 0.06% 5,358 $367K Add +3.9%
JNJ Johnson & Johnson 0.06% 1,802 $334K Add +2.9%
NVO Novo-Nordisk A/S-Spons ADR 0.06% 6,000 $333K No change
VNQI Vanguard GLBL Ex-US Real Est 0.06% 6,647 $317K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.05% 3,000 $308K No change
ADP Automatic Data Processing 0.05% 1,000 $294K No change
VSGX Vanguard ESG Intl Stock ETF 0.05% 4,216 $292K Reduce -3.2%
SCHW Schwab (charles) Corp. 0.05% 3,000 $286K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.05% 975 $286K No change
WMT Walmart Inc. 0.05% 2,700 $278K Add +12.5%
XLK SS Technology Select Sector 0.05% 979 $276K No change
TGT Target Corp. 0.05% 3,000 $269K No change
ESGV Vanguard ESG US Stock ETF 0.05% 2,200 $261K No change
CVX Chevron Corp. 0.04% 1,580 $245K No change
EPD Enterprise Products Partners 0.04% 7,240 $226K Reduce -7.0%
ABBV Abbvie Inc. 0.04% 967 $224K New
VLO Valero Energy Corp. 0.04% 1,273 $217K New
SCHD Schwab US DVD Equity ETF 0.04% 7,719 $211K Add +0.5%
LNC Lincoln National Corp. 0.04% 5,096 $206K New
COST Costco Wholesale Corp. 0.04% 219 $203K Reduce -2.2%

Portfolio Sells Q2 2025 → Q3 2025
IEFA iShares Core MSCI Eafe ETF Reduce -2.1% 4.19% −0.14
SCHV Schwab US Large-Cap Value Reduce -3.6% 2.57% −0.11
AMZN Amazon.com Inc. Reduce -0.8% 1.31% −0.09
VEA Vanguard Ftse Developed ETF Reduce -3.1% 1.97% −0.08
VIG Vanguard Dividend Apprec ETF Reduce -1.9% 2.93% −0.07
VOO Vanguard S&P 500 ETF Reduce -14.9% 0.34% −0.05
BIV Vanguard Intermediate-Term B Sold out 0.00% −0.05
BNDX Vanguard Total Intl Bond ETF Reduce -0.5% 0.64% −0.04
SCHG Schwab US Large-Cap Growth Reduce -4.6% 2.69% −0.04
EW Edwards Lifesciences Corp. Sold out 0.00% −0.04
BND Vanguard Total Bond Market Sold out 0.00% −0.04
EMLC Vaneck JPM Em Local Curr BND Reduce -1.6% 0.38% −0.03
HYLB Xtrackers Usd High Yield Cor Reduce -0.2% 0.45% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -5.2% 1.14% −0.02
VNQ Vanguard Real Estate ETF Reduce -8.5% 0.17% −0.02
VB Vanguard Most SM-Cap ETF-Usd Reduce -3.1% 0.85% −0.02
AAPL Apple Inc. Reduce -26.8% 0.09% −0.01
EMB iShares JP Morgan Usd Emergi Reduce -0.4% 0.38% −0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -2.5% 0.70% −0.01
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -2.6% 0.72% −0.01
IEMG iShares Core MSCI Emerging Reduce -4.0% 1.78% −0.01
COST Costco Wholesale Corp. Reduce -2.2% 0.04% −0.01
EPD Enterprise Products Partners Reduce -7.0% 0.04% −0.01
MSFT Microsoft Corp. Reduce -0.3% 0.18% −0.00
VSGX Vanguard ESG Intl Stock ETF Reduce -3.2% 0.05% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -1.0% 0.15% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.3% 0.28% +0.00
TSLA Tesla Inc. Reduce -2.7% 0.38% +0.08
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.4% 19.29% +0.37

Portfolio Buys Q2 2025 → Q3 2025
VYM Vanguard High DVD Yield ETF Add +2.3% 17.49% +0.38
MUB iShares National Muni Bond E Add +7.0% 1.84% +0.06
ABBV Abbvie Inc. New 0.04% +0.04
VLO Valero Energy Corp. New 0.04% +0.04
LNC Lincoln National Corp. New 0.04% +0.04
JNJ Johnson & Johnson Add +2.9% 0.06% +0.01
WMT Walmart Inc. Add +12.5% 0.05% +0.01
RSP Invesco S&P 500 Equal Weight Add +2.3% 0.60% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +0.6% 1.14% +0.00
SCHX Schwab US Large-Cap ETF Add +0.0% 0.09% +0.00
VEU Vanguard Ftse All-World Ex-U Add +0.5% 0.10% +0.00
MGV Vngrd Mrgstr MG CP VL ETF-Ui Add +0.5% 0.10% −0.00
SCHD Schwab US DVD Equity ETF Add +0.5% 0.04% −0.00
CSCO Cisco Systems Inc. Add +3.9% 0.06% −0.00
SPHY SS SPDR P High Yield ETF Add +4.3% 0.37% −0.00
BSV Vanguard Short-Term Bond ETF Add +5.5% 11.61% −0.01
VCRB Vanguard Core Bond ETF Add +4.3% 19.84% −0.08

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 61$635.7MVCRB, VUG, VYM, BSV, IEFA
Q1 2026 73$587.5MVCRB, VYM, VUG, BSV, IEFA
Q4 2025 70$585.6MVCRB, VUG, VYM, BSV, IEFA
Q3 2025 70$570.8MVCRB, VUG, VYM, BSV, IEFA
Q2 2025 70$539.4MVCRB, VUG, VYM, BSV, IEFA
Q1 2025 69$502.0MVCRB, VYM, VUG, BSV, IEFA
Q4 2024 70$512.1MVUG, VYM, VCRB, BSV, IEFA
Q3 2024 53$488.9MBND, VUG, VYM, BSV, IEFA
Q2 2024 53$466.1MBND, VUG, VYM, BSV, IEFA
Q1 2024 54$461.1MBND, VUG, VYM, BSV, IEFA