Martin Capital Advisors, LLP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 31, 2024), Martin Capital Advisors, LLP reported 66 stock positions worth $133.3 million. Its top holding was Apple (AAPL) at 22.2% of the portfolio, followed by Intuitive Surgical (ISRG, 6.5%) and Invesco QQQ Trust Series 1 (QQQ, 5.3%). Compared with Q1 2024, it sold out of 1, added to 13 and reduced 28. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +13%) and the biggest sale Block (XYZ, shares −1%).

Most Recent 13F
Q2 2026
Location
SAN ANTONIO, TX
CIK
0001904126
Portfolio Value
$133.3M (Q2 2024)
SEC Filing
0001398344-24-013327 ↗ filed Jul 31, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $127.5M Q1 2024 Q2 2024: $133.3M $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 66 stocks · $133.3M
AAPL Apple Inc. 22.15% 140,222 $29.5M Reduce -1.6%
ISRG Intuitive Surgical Inc. 6.48% 19,414 $8.6M Reduce -0.6%
QQQ Invesco QQQ Trust Series 1 5.30% 14,757 $7.1M Reduce -0.3%
NVDA Nvidia Corp. 5.25% 56,670 $7.0M Reduce -15.0%
VTI VG Morningstar TS MKT ETF-US 4.29% 21,392 $5.7M Add +12.7%
MA Mastercard Inc. Class A 3.14% 9,492 $4.2M Reduce -0.5%
COST Costco Wholesale Corp. 2.82% 4,427 $3.8M Reduce -1.2%
INTU Intuit Inc. 2.71% 5,501 $3.6M Reduce -1.2%
WSM Williams-Sonoma Inc. 2.50% 11,824 $3.3M Add +0.0%
LRCX Lam Research Corp. 2.44% 3,061 $3.3M Reduce -3.1%
V Visa Inc. Class A 2.20% 11,155 $2.9M Reduce -0.6%
GOOGL Alphabet Inc. Class A 2.08% 15,198 $2.8M Reduce -1.5%
SBUX Starbucks Corp. 1.87% 32,088 $2.5M Reduce -0.3%
ORCL Oracle Corp. 1.78% 16,845 $2.4M Add +0.4%
EW Edwards Lifesciences Corp. 1.76% 25,360 $2.3M Reduce -0.5%
CMG Chipotle Mexican Grill Inc. 1.75% 37,324 $2.3M Reduce -1.4%
VCSH Vanguard S/T Corp. Bond ETF 1.68% 28,950 $2.2M No change
XYZ Block Inc. 1.60% 33,107 $2.1M Reduce -0.6%
SCHW Schwab (charles) Corp. 1.56% 28,300 $2.1M No change
TXN Texas Instruments Inc. 1.51% 10,317 $2.0M Add +0.4%
IDXX Idexx Laboratories Inc. 1.48% 4,063 $2.0M Reduce -1.3%
TSCO Tractor Supply Company 1.46% 7,187 $1.9M Reduce -2.2%
TREX Trex Company Inc. 1.39% 24,980 $1.9M Reduce -1.9%
IBB iShares Biotechnology ETF 1.34% 13,036 $1.8M Reduce -1.2%
BLK BlackRock Finance Inc. 1.17% 1,982 $1.6M Add +0.5%
MORN Morningstar Inc. 0.97% 4,382 $1.3M Add +0.6%
GDDY GoDaddy Inc. Class A 0.90% 8,632 $1.2M Reduce -3.0%
USPH U.S. Physical Therapy Inc. 0.90% 12,937 $1.2M Reduce -0.5%
DVA Davita Inc. 0.90% 8,628 $1.2M No change
ADBE Adobe Inc. 0.87% 2,090 $1.2M Add +0.8%
LNTH Lantheus Holdings Inc. 0.70% 11,679 $938K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.70% 1,707 $929K No change
SYK Stryker Corp. 0.66% 2,602 $885K No change
GOOG Alphabet Inc. Class C 0.66% 4,790 $879K No change
DKS Dick's Sporting Goods Inc. 0.66% 4,070 $874K No change
NDAQ Nasdaq Inc. 0.60% 13,253 $799K Reduce -3.2%
IWV iShares Russell 3000 ETF 0.55% 2,370 $732K Reduce -4.0%
LULU Lululemon Athletica Inc. 0.54% 2,399 $717K Add +1.0%
QCOM Qualcomm Inc. 0.53% 3,522 $702K Add +1.1%
CAT Caterpillar Inc. 0.51% 2,061 $687K No change
ICE Intercontinental Exchange Inc. 0.49% 4,802 $657K Reduce -2.9%
AMZN Amazon.com Inc. 0.46% 3,172 $613K Reduce -4.7%
CSCO Cisco Systems Inc. 0.46% 12,860 $611K No change
BRK.B Berkshire Hathaway Inc. Class B 0.43% 1,404 $571K No change
INTC Intel Corp. 0.43% 18,304 $567K No change
PYPL PayPal Holdings Inc. 0.41% 9,435 $548K Reduce -1.8%
CRWD CrowdStrike Holdings Inc. Class A 0.39% 1,347 $516K Add +1.7%
IJH iShares Core S&P Midcap ETF 0.35% 7,975 $467K No change
DGX Quest Diagnostics Inc. 0.32% 3,145 $430K No change
AMAT Applied Materials Inc. 0.31% 1,729 $408K No change
LOW Lowe's Cos Inc. 0.30% 1,814 $400K No change
ENPH Enphase Energy Inc. 0.30% 3,970 $396K Add +1.8%
TOL Toll Brothers Inc. 0.26% 3,056 $352K No change
EXP Eagle Materials Inc. 0.26% 1,588 $345K No change
TXRH Texas Roadhouse Inc. 0.26% 1,996 $343K No change
EBAY eBay Inc. 0.24% 6,014 $323K No change
WGO Winnebago Industries 0.24% 5,797 $314K No change
DHIL Diamond Hill Investment Grp 0.21% 1,981 $279K Reduce -2.1%
DPZ Domino's Pizza Inc. 0.21% 539 $278K No change
GNRC Generac Holdings Inc. 0.21% 2,091 $276K Reduce -5.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.21% 4,605 $276K No change
IPGP Ipg Photonics Corp. 0.20% 3,207 $271K Reduce -6.5%
CBOE Cboe Global Markets Inc. 0.19% 1,510 $257K Add +2.9%
AMD Advanced Micro Devices 0.19% 1,544 $250K Add +3.1%
ZTS Zoetis Inc. 0.16% 1,231 $213K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.15% 3,960 $203K No change

Portfolio Sells Q1 2024 → Q2 2024
XYZ Block Inc. Reduce -0.6% 1.60% −0.61
TREX Trex Company Inc. Reduce -1.9% 1.39% −0.60
MA Mastercard Inc. Class A Reduce -0.5% 3.14% −0.46
SBUX Starbucks Corp. Reduce -0.3% 1.87% −0.43
V Visa Inc. Class A Reduce -0.6% 2.20% −0.26
IDXX Idexx Laboratories Inc. Reduce -1.3% 1.48% −0.26
USPH U.S. Physical Therapy Inc. Reduce -0.5% 0.90% −0.25
IHI iShares U.S. Medical Devices Sold out 0.00% −0.16
EW Edwards Lifesciences Corp. Reduce -0.5% 1.76% −0.15
INTU Intuit Inc. Reduce -1.2% 2.71% −0.13
PYPL PayPal Holdings Inc. Reduce -1.8% 0.41% −0.09
NDAQ Nasdaq Inc. Reduce -3.2% 0.60% −0.08
IBB iShares Biotechnology ETF Reduce -1.2% 1.34% −0.08
TSCO Tractor Supply Company Reduce -2.2% 1.46% −0.05
IPGP Ipg Photonics Corp. Reduce -6.5% 0.20% −0.04
ICE Intercontinental Exchange Inc. Reduce -2.9% 0.49% −0.04
DHIL Diamond Hill Investment Grp Reduce -2.1% 0.21% −0.04
IWV iShares Russell 3000 ETF Reduce -4.0% 0.55% −0.03
GNRC Generac Holdings Inc. Reduce -5.8% 0.21% −0.01
AMZN Amazon.com Inc. Reduce -4.7% 0.46% −0.01
CMG Chipotle Mexican Grill Inc. Reduce -1.4% 1.75% +0.03
LRCX Lam Research Corp. Reduce -3.1% 2.44% +0.04
GDDY GoDaddy Inc. Class A Reduce -3.0% 0.90% +0.08
QQQ Invesco QQQ Trust Series 1 Reduce -0.3% 5.30% +0.15
COST Costco Wholesale Corp. Reduce -1.2% 2.82% +0.25
GOOGL Alphabet Inc. Class A Reduce -1.5% 2.08% +0.25
ISRG Intuitive Surgical Inc. Reduce -0.6% 6.48% +0.37
NVDA Nvidia Corp. Reduce -15.0% 5.25% +0.53
AAPL Apple Inc. Reduce -1.6% 22.15% +2.98

Portfolio Buys Q1 2024 → Q2 2024
VTI VG Morningstar TS MKT ETF-US Add +12.7% 4.29% +0.42
ORCL Oracle Corp. Add +0.4% 1.78% +0.13
TXN Texas Instruments Inc. Add +0.4% 1.51% +0.10
QCOM Qualcomm Inc. Add +1.1% 0.53% +0.06
CRWD CrowdStrike Holdings Inc. Class A Add +1.7% 0.39% +0.05
ADBE Adobe Inc. Add +0.8% 0.87% +0.05
CBOE Cboe Global Markets Inc. Add +2.9% 0.19% −0.02
AMD Advanced Micro Devices Add +3.1% 0.19% −0.02
ENPH Enphase Energy Inc. Add +1.8% 0.30% −0.07
MORN Morningstar Inc. Add +0.6% 0.97% −0.08
BLK BlackRock Finance Inc. Add +0.5% 1.17% −0.12
LULU Lululemon Athletica Inc. Add +1.0% 0.54% −0.19
WSM Williams-Sonoma Inc. Add +0.0% 2.50% −0.44

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