Martin Capital Advisors, LLP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 11, 2024), Martin Capital Advisors, LLP reported 67 stock positions worth $140.4 million. Its top holding was Apple (AAPL) at 23.2% of the portfolio, followed by Intuitive Surgical (ISRG, 6.8%) and Invesco QQQ Trust Series 1 (QQQ, 5.1%). Compared with Q2 2024, it opened 1 new position, added to 28 and reduced 13. The biggest buy was Starbucks (SBUX, shares +1%) and the biggest sale Lam Research (LRCX, shares −1%).

Most Recent 13F
Q2 2026
Location
SAN ANTONIO, TX
CIK
0001904126
Portfolio Value
$140.4M (Q3 2024)
SEC Filing
0001398344-24-018777 ↗ filed Oct 11, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $127.5M Q1 2024 Q2 2024: $133.3M Q2 2024 Q3 2024: $140.4M $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 · $140.4M
AAPL Apple Inc. 23.21% 139,857 $32.6M Reduce -0.3%
ISRG Intuitive Surgical Inc. 6.78% 19,381 $9.5M Reduce -0.2%
QQQ Invesco QQQ Trust Series 1 5.13% 14,748 $7.2M Reduce -0.1%
NVDA Nvidia Corp. 4.87% 56,273 $6.8M Reduce -0.7%
VTI VG Morningstar TS MKT ETF-US 4.21% 20,846 $5.9M Reduce -2.5%
MA Mastercard Inc. Class A 3.35% 9,528 $4.7M Add +0.4%
COST Costco Wholesale Corp. 2.80% 4,435 $3.9M Add +0.2%
WSM Williams-Sonoma Inc. 2.63% 23,792 $3.7M Add +0.6%
INTU Intuit Inc. 2.43% 5,486 $3.4M Reduce -0.3%
SBUX Starbucks Corp. 2.24% 32,319 $3.2M Add +0.7%
V Visa Inc. Class A 2.20% 11,221 $3.1M Add +0.6%
ORCL Oracle Corp. 2.06% 16,988 $2.9M Add +0.8%
GOOGL Alphabet Inc. Class A 1.80% 15,277 $2.5M Add +0.5%
LRCX Lam Research Corp. 1.77% 3,042 $2.5M Reduce -0.6%
VCSH Vanguard S/T Corp. Bond ETF 1.64% 28,950 $2.3M No change
XYZ Block Inc. 1.60% 33,392 $2.2M Add +0.9%
CMG Chipotle Mexican Grill Inc. 1.55% 37,644 $2.2M Add +0.9%
TXN Texas Instruments Inc. 1.53% 10,424 $2.2M Add +1.0%
TSCO Tractor Supply Company 1.50% 7,247 $2.1M Add +0.8%
IDXX Idexx Laboratories Inc. 1.47% 4,076 $2.1M Add +0.3%
IBB iShares Biotechnology ETF 1.37% 13,169 $1.9M Add +1.0%
BLK BlackRock Finance Inc. 1.36% 2,009 $1.9M Add +1.4%
SCHW Schwab (charles) Corp. 1.30% 28,200 $1.8M Reduce -0.3%
EW Edwards Lifesciences Corp. 1.20% 25,546 $1.7M Add +0.7%
TREX Trex Company Inc. 1.18% 24,930 $1.7M Reduce -0.2%
MORN Morningstar Inc. 1.01% 4,452 $1.4M Add +1.6%
DVA Davita Inc. 1.01% 8,628 $1.4M No change
GDDY GoDaddy Inc. Class A 0.96% 8,602 $1.3M Reduce -0.3%
LNTH Lantheus Holdings Inc. 0.91% 11,679 $1.3M No change
USPH U.S. Physical Therapy Inc. 0.79% 13,138 $1.1M Add +1.6%
ADBE Adobe Inc. 0.78% 2,126 $1.1M Add +1.7%
NDAQ Nasdaq Inc. 0.70% 13,532 $988K Add +2.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.70% 1,707 $979K No change
SYK Stryker Corp. 0.67% 2,602 $940K No change
DKS Dick's Sporting Goods Inc. 0.61% 4,070 $849K No change
CAT Caterpillar Inc. 0.57% 2,061 $806K No change
GOOG Alphabet Inc. Class C 0.57% 4,790 $801K No change
ICE Intercontinental Exchange Inc. 0.56% 4,927 $791K Add +2.6%
IWV iShares Russell 3000 ETF 0.55% 2,370 $774K No change
PYPL PayPal Holdings Inc. 0.52% 9,416 $735K Reduce -0.2%
CSCO Cisco Systems Inc. 0.49% 12,860 $684K No change
LULU Lululemon Athletica Inc. 0.48% 2,465 $669K Add +2.8%
BRK.B Berkshire Hathaway Inc. Class B 0.46% 1,404 $646K No change
QCOM Qualcomm Inc. 0.44% 3,621 $616K Add +2.8%
AMZN Amazon.com Inc. 0.43% 3,254 $606K Add +2.6%
IJH iShares Core S&P Midcap ETF 0.35% 7,975 $497K No change
LOW Lowe's Cos Inc. 0.35% 1,814 $491K No change
DGX Quest Diagnostics Inc. 0.35% 3,145 $488K No change
TOL Toll Brothers Inc. 0.34% 3,056 $472K No change
ENPH Enphase Energy Inc. 0.34% 4,174 $472K Add +5.1%
EXP Eagle Materials Inc. 0.33% 1,588 $457K No change
INTC Intel Corp. 0.31% 18,304 $429K No change
CRWD CrowdStrike Holdings Inc. Class A 0.28% 1,417 $397K Add +5.2%
EBAY eBay Inc. 0.28% 6,014 $392K No change
TXRH Texas Roadhouse Inc. 0.25% 1,996 $352K No change
GNRC Generac Holdings Inc. 0.25% 2,213 $352K Add +5.8%
AMAT Applied Materials Inc. 0.25% 1,729 $349K No change
WGO Winnebago Industries 0.24% 5,797 $337K No change
CBOE Cboe Global Markets Inc. 0.24% 1,631 $334K Add +8.0%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.24% 4,605 $331K No change
DHIL Diamond Hill Investment Grp 0.23% 1,981 $320K No change
AMD Advanced Micro Devices 0.19% 1,664 $273K Add +7.8%
ZTS Zoetis Inc. 0.17% 1,231 $241K No change
IPGP Ipg Photonics Corp. 0.17% 3,191 $237K Reduce -0.5%
DPZ Domino's Pizza Inc. 0.16% 509 $219K Reduce -5.6%
IHI iShares U.S. Medical Devices 0.15% 3,545 $210K New
IGSB iShares 1-5Y Inv Grade Corp. 0.15% 3,960 $209K No change

Portfolio Sells Q2 2024 → Q3 2024
LRCX Lam Research Corp. Reduce -0.6% 1.77% −0.68
NVDA Nvidia Corp. Reduce -0.7% 4.87% −0.38
INTU Intuit Inc. Reduce -0.3% 2.43% −0.28
SCHW Schwab (charles) Corp. Reduce -0.3% 1.30% −0.26
TREX Trex Company Inc. Reduce -0.2% 1.18% −0.21
QQQ Invesco QQQ Trust Series 1 Reduce -0.1% 5.13% −0.18
VTI VG Morningstar TS MKT ETF-US Reduce -2.5% 4.21% −0.09
DPZ Domino's Pizza Inc. Reduce -5.6% 0.16% −0.05
IPGP Ipg Photonics Corp. Reduce -0.5% 0.17% −0.03
GDDY GoDaddy Inc. Class A Reduce -0.3% 0.96% +0.06
PYPL PayPal Holdings Inc. Reduce -0.2% 0.52% +0.11
ISRG Intuitive Surgical Inc. Reduce -0.2% 6.78% +0.31
AAPL Apple Inc. Reduce -0.3% 23.21% +1.06

Portfolio Buys Q2 2024 → Q3 2024
SBUX Starbucks Corp. Add +0.7% 2.24% +0.37
ORCL Oracle Corp. Add +0.8% 2.06% +0.28
MA Mastercard Inc. Class A Add +0.4% 3.35% +0.21
BLK BlackRock Finance Inc. Add +1.4% 1.36% +0.19
IHI iShares U.S. Medical Devices New 0.15% +0.15
WSM Williams-Sonoma Inc. Add +0.6% 2.63% +0.12
NDAQ Nasdaq Inc. Add +2.1% 0.70% +0.10
ICE Intercontinental Exchange Inc. Add +2.6% 0.56% +0.07
TSCO Tractor Supply Company Add +0.8% 1.50% +0.05
CBOE Cboe Global Markets Inc. Add +8.0% 0.24% +0.05
GNRC Generac Holdings Inc. Add +5.8% 0.25% +0.04
MORN Morningstar Inc. Add +1.6% 1.01% +0.04
ENPH Enphase Energy Inc. Add +5.1% 0.34% +0.04
TXN Texas Instruments Inc. Add +1.0% 1.53% +0.03
IBB iShares Biotechnology ETF Add +1.0% 1.37% +0.02
AMD Advanced Micro Devices Add +7.8% 0.19% +0.01
V Visa Inc. Class A Add +0.6% 2.20% +0.00
XYZ Block Inc. Add +0.9% 1.60% −0.00
IDXX Idexx Laboratories Inc. Add +0.3% 1.47% −0.02
COST Costco Wholesale Corp. Add +0.2% 2.80% −0.02
AMZN Amazon.com Inc. Add +2.6% 0.43% −0.03
LULU Lululemon Athletica Inc. Add +2.8% 0.48% −0.06
ADBE Adobe Inc. Add +1.7% 0.78% −0.09
QCOM Qualcomm Inc. Add +2.8% 0.44% −0.09
CRWD CrowdStrike Holdings Inc. Class A Add +5.2% 0.28% −0.10
USPH U.S. Physical Therapy Inc. Add +1.6% 0.79% −0.10
CMG Chipotle Mexican Grill Inc. Add +0.9% 1.55% −0.21
GOOGL Alphabet Inc. Class A Add +0.5% 1.80% −0.27
EW Edwards Lifesciences Corp. Add +0.7% 1.20% −0.56

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