Martin Capital Advisors, LLP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 1, 2024), Martin Capital Advisors, LLP reported 67 stock positions worth $127.5 million. Its top holding was Apple (AAPL) at 19.2% of the portfolio, followed by Intuitive Surgical (ISRG, 6.1%) and Invesco QQQ Trust Series 1 (QQQ, 5.2%). Compared with Q4 2023, it added to 7 and reduced 23. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +5%) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
SAN ANTONIO, TX
CIK
0001904126
Portfolio Value
$127.5M (Q1 2024)
SEC Filing
0001398344-24-008467 ↗ filed May 1, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $127.5M $127.5M Q1 2024 Q2 2024: $133.3M Q2 2024 Q3 2024: $140.4M Q3 2024 Q4 2024: $155.2M Q4 2024 Q1 2025: $140.2M Q1 2025 Q2 2025: $153.7M Q2 2025 Q3 2025: $165.7M Q3 2025 Q4 2025: $170.5M Q4 2025 Q1 2026: $158.3M Q1 2026 Q2 2026: $190.8M Q2 2026

Holdings 67 stocks · $127.5M
AAPL Apple Inc. 19.17% 142,502 $24.4M Reduce -0.7%
ISRG Intuitive Surgical Inc. 6.11% 19,526 $7.8M Reduce -0.8%
QQQ Invesco QQQ Trust Series 1 5.16% 14,804 $6.6M Add +2.1%
NVDA Nvidia Corp. 4.72% 6,664 $6.0M Reduce -0.4%
VTI VG Morningstar TS MKT ETF-US 3.87% 18,977 $4.9M Add +5.2%
MA Mastercard Inc. Class A 3.60% 9,538 $4.6M No change
WSM Williams-Sonoma Inc. 2.94% 11,821 $3.8M Reduce -0.3%
INTU Intuit Inc. 2.84% 5,568 $3.6M Reduce -0.2%
COST Costco Wholesale Corp. 2.57% 4,480 $3.3M No change
V Visa Inc. Class A 2.46% 11,226 $3.1M No change
LRCX Lam Research Corp. 2.41% 3,160 $3.1M Reduce -0.8%
SBUX Starbucks Corp. 2.31% 32,195 $2.9M No change
XYZ Block Inc. 2.21% 33,290 $2.8M No change
TREX Trex Company Inc. 1.99% 25,473 $2.5M Reduce -1.0%
EW Edwards Lifesciences Corp. 1.91% 25,490 $2.4M No change
GOOGL Alphabet Inc. Class A 1.83% 15,424 $2.3M Add +0.3%
VCSH Vanguard S/T Corp. Bond ETF 1.76% 28,950 $2.2M No change
IDXX Idexx Laboratories Inc. 1.74% 4,117 $2.2M No change
CMG Chipotle Mexican Grill Inc. 1.73% 757 $2.2M Reduce -5.0%
ORCL Oracle Corp. 1.65% 16,783 $2.1M No change
SCHW Schwab (charles) Corp. 1.61% 28,300 $2.0M No change
TSCO Tractor Supply Company 1.51% 7,350 $1.9M No change
IBB iShares Biotechnology ETF 1.42% 13,194 $1.8M Reduce -1.4%
TXN Texas Instruments Inc. 1.40% 10,278 $1.8M No change
BLK BlackRock Finance Inc. 1.29% 1,973 $1.6M No change
USPH U.S. Physical Therapy Inc. 1.15% 13,002 $1.5M Reduce -2.1%
MORN Morningstar Inc. 1.05% 4,356 $1.3M No change
DVA Davita Inc. 0.93% 8,628 $1.2M No change
GDDY GoDaddy Inc. Class A 0.83% 8,902 $1.1M No change
ADBE Adobe Inc. 0.82% 2,074 $1.0M Add +1.2%
SYK Stryker Corp. 0.73% 2,602 $931K Reduce -5.5%
LULU Lululemon Athletica Inc. 0.73% 2,375 $928K Add +0.7%
DKS Dick's Sporting Goods Inc. 0.72% 4,070 $915K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.70% 1,707 $893K No change
NDAQ Nasdaq Inc. 0.68% 13,696 $864K No change
INTC Intel Corp. 0.63% 18,304 $808K No change
CAT Caterpillar Inc. 0.59% 2,061 $755K Reduce -0.2%
IWV iShares Russell 3000 ETF 0.58% 2,470 $741K Reduce -2.8%
GOOG Alphabet Inc. Class C 0.57% 4,790 $729K No change
LNTH Lantheus Holdings Inc. 0.57% 11,679 $727K No change
ICE Intercontinental Exchange Inc. 0.53% 4,944 $679K No change
PYPL PayPal Holdings Inc. 0.50% 9,606 $644K Reduce -2.6%
CSCO Cisco Systems Inc. 0.50% 12,860 $642K No change
AMZN Amazon.com Inc. 0.47% 3,328 $600K No change
BRK.B Berkshire Hathaway Inc. Class B 0.46% 1,404 $590K No change
QCOM Qualcomm Inc. 0.46% 3,483 $590K No change
IJH iShares Core S&P Midcap ETF 0.38% 7,975 $484K No change
ENPH Enphase Energy Inc. 0.37% 3,901 $472K Reduce -4.9%
LOW Lowe's Cos Inc. 0.36% 1,814 $462K No change
EXP Eagle Materials Inc. 0.34% 1,588 $432K No change
WGO Winnebago Industries 0.34% 5,797 $429K Reduce -7.9%
CRWD CrowdStrike Holdings Inc. Class A 0.33% 1,325 $425K Add +22.1%
DGX Quest Diagnostics Inc. 0.33% 3,145 $419K No change
TOL Toll Brothers Inc. 0.31% 3,056 $395K No change
AMAT Applied Materials Inc. 0.28% 1,729 $357K Reduce -10.4%
EBAY eBay Inc. 0.25% 6,014 $317K No change
DHIL Diamond Hill Investment Grp 0.24% 2,024 $312K No change
IPGP Ipg Photonics Corp. 0.24% 3,431 $311K Reduce -2.7%
TXRH Texas Roadhouse Inc. 0.24% 1,996 $308K No change
GNRC Generac Holdings Inc. 0.22% 2,220 $280K Add +15.0%
AMD Advanced Micro Devices 0.21% 1,498 $270K No change
CBOE Cboe Global Markets Inc. 0.21% 1,468 $270K Reduce -13.6%
DPZ Domino's Pizza Inc. 0.21% 539 $268K Reduce -11.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.21% 4,605 $265K Reduce -12.5%
ZTS Zoetis Inc. 0.16% 1,231 $208K Reduce -12.1%
IHI iShares U.S. Medical Devices 0.16% 3,545 $208K Reduce -33.7%
IGSB iShares 1-5Y Inv Grade Corp. 0.16% 3,960 $203K No change

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -0.7% 19.17% −4.17
IBB iShares Biotechnology ETF Reduce -1.4% 1.42% −0.11
INTU Intuit Inc. Reduce -0.2% 2.84% −0.10
ENPH Enphase Energy Inc. Reduce -4.9% 0.37% −0.09
IHI iShares U.S. Medical Devices Reduce -33.7% 0.16% −0.08
IPGP Ipg Photonics Corp. Reduce -2.7% 0.24% −0.08
ZTS Zoetis Inc. Reduce -12.1% 0.16% −0.07
WGO Winnebago Industries Reduce -7.9% 0.34% −0.05
CBOE Cboe Global Markets Inc. Reduce -13.6% 0.21% −0.04
BNY Bank of New York Mellon Corp. Reduce -12.5% 0.21% −0.02
PYPL PayPal Holdings Inc. Reduce -2.6% 0.50% −0.01
IWV iShares Russell 3000 ETF Reduce -2.8% 0.58% −0.01
DPZ Domino's Pizza Inc. Reduce -11.5% 0.21% −0.00
AMAT Applied Materials Inc. Reduce -10.4% 0.28% +0.02
SYK Stryker Corp. Reduce -5.5% 0.73% +0.03
CAT Caterpillar Inc. Reduce -0.2% 0.59% +0.08
USPH U.S. Physical Therapy Inc. Reduce -2.1% 1.15% +0.11
CMG Chipotle Mexican Grill Inc. Reduce -5.0% 1.73% +0.19
TREX Trex Company Inc. Reduce -1.0% 1.99% +0.19
LRCX Lam Research Corp. Reduce -0.8% 2.41% +0.30
ISRG Intuitive Surgical Inc. Reduce -0.8% 6.11% +0.51
WSM Williams-Sonoma Inc. Reduce -0.3% 2.94% +0.92
NVDA Nvidia Corp. Reduce -0.4% 4.72% +1.93

Portfolio Buys Q4 2023 → Q1 2024
VTI VG Morningstar TS MKT ETF-US Add +5.2% 3.87% +0.26
QQQ Invesco QQQ Trust Series 1 Add +2.1% 5.16% +0.14
CRWD CrowdStrike Holdings Inc. Class A Add +22.1% 0.33% +0.10
GOOGL Alphabet Inc. Class A Add +0.3% 1.83% +0.01
GNRC Generac Holdings Inc. Add +15.0% 0.22% +0.01
ADBE Adobe Inc. Add +1.2% 0.82% −0.21
LULU Lululemon Athletica Inc. Add +0.7% 0.73% −0.29

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 77$190.8MAAPL, NVDA, LRCX, QQQ, ISRG
Q1 2026 73$158.3MAAPL, NVDA, ISRG, QQQ, VTI
Q4 2025 72$170.5MAAPL, NVDA, ISRG, QQQ, VTI
Q3 2025 74$165.7MAAPL, NVDA, ISRG, QQQ, VTI
Q2 2025 70$153.7MAAPL, NVDA, ISRG, QQQ, VTI
Q1 2025 67$140.2MAAPL, ISRG, NVDA, QQQ, VTI
Q4 2024 69$155.2MAAPL, ISRG, NVDA, QQQ, VTI
Q3 2024 67$140.4MAAPL, ISRG, QQQ, NVDA, VTI
Q2 2024 66$133.3MAAPL, ISRG, QQQ, NVDA, VTI
Q1 2024 67$127.5MAAPL, ISRG, QQQ, NVDA, VTI