Martin Capital Advisors, LLP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Martin Capital Advisors, LLP reported 67 stock positions worth $140.2 million. Its top holding was Apple (AAPL) at 23.0% of the portfolio, followed by Intuitive Surgical (ISRG, 7.0%) and Nvidia (NVDA, 5.6%). Compared with Q4 2024, it opened 1 new position, sold out of 3, added to 7 and reduced 40. The biggest buy was Lantheus (LNTH, shares +3%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- SAN ANTONIO, TX
- CIK
- 0001904126
- Portfolio Value
- $140.2M (Q1 2025)
- SEC Filing
- 0001398344-25-008329 ↗ filed May 1, 2025
Holdings Value
Holdings 67 stocks · $140.2M
| AAPL Apple Inc. | 23.01% | 145,218 | $32.3M | Reduce -1.4% |
| ISRG Intuitive Surgical Inc. | 7.05% | 19,952 | $9.9M | Reduce -1.3% |
| NVDA Nvidia Corp. | 5.58% | 72,239 | $7.8M | Reduce -0.7% |
| QQQ Invesco QQQ Trust Series 1 | 4.71% | 14,072 | $6.6M | Reduce -5.6% |
| VTI VG Morningstar TS MKT ETF-US | 3.82% | 19,483 | $5.4M | Reduce -6.3% |
| MA Mastercard Inc. Class A | 3.80% | 9,729 | $5.3M | Reduce -1.4% |
| COST Costco Wholesale Corp. | 3.05% | 4,527 | $4.3M | Reduce -4.2% |
| V Visa Inc. Class A | 2.86% | 11,446 | $4.0M | Reduce -0.5% |
| WSM Williams-Sonoma Inc. | 2.68% | 23,757 | $3.8M | Reduce -4.1% |
| INTU Intuit Inc. | 2.46% | 5,607 | $3.4M | Reduce -0.1% |
| SBUX Starbucks Corp. | 2.26% | 32,329 | $3.2M | Reduce -2.4% |
| GOOGL Alphabet Inc. Class A | 1.66% | 15,023 | $2.3M | Reduce -2.9% |
| ORCL Oracle Corp. | 1.63% | 16,324 | $2.3M | Reduce -3.6% |
| LRCX Lam Research Corp. | 1.62% | 31,253 | $2.3M | Reduce -0.5% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.60% | 28,370 | $2.2M | No change |
| SCHW Schwab (charles) Corp. | 1.53% | 27,410 | $2.1M | Reduce -2.8% |
| TSCO Tractor Supply Company | 1.42% | 36,163 | $2.0M | Reduce -3.7% |
| TXN Texas Instruments Inc. | 1.38% | 10,779 | $1.9M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 1.37% | 10,060 | $1.9M | Add +0.2% |
| BLK BlackRock Inc. | 1.36% | 2,013 | $1.9M | Add +0.2% |
| CMG Chipotle Mexican Grill Inc. | 1.36% | 37,897 | $1.9M | Reduce -0.8% |
| IBB iShares Biotechnology ETF | 1.29% | 14,139 | $1.8M | Reduce -2.1% |
| EW Edwards Lifesciences Corp. | 1.29% | 24,924 | $1.8M | Reduce -2.4% |
| XYZ Block Inc. | 1.26% | 32,492 | $1.8M | Reduce -2.7% |
| IDXX Idexx Laboratories Inc. | 1.20% | 4,013 | $1.7M | Reduce -1.6% |
| GDDY GoDaddy Inc. Class A | 1.11% | 8,602 | $1.5M | No change |
| TREX Trex Company Inc. | 1.00% | 24,014 | $1.4M | Reduce -3.4% |
| DVA Davita Inc. | 0.93% | 8,524 | $1.3M | Reduce -1.2% |
| MORN Morningstar Inc. | 0.90% | 4,202 | $1.3M | Reduce -5.6% |
| LNTH Lantheus Holdings Inc. | 0.84% | 12,023 | $1.2M | Add +3.0% |
| NDAQ Nasdaq Inc. | 0.73% | 13,532 | $1.0M | No change |
| SYK Stryker Corp. | 0.70% | 2,647 | $985K | Add +1.7% |
| USPH U.S. Physical Therapy Inc. | 0.66% | 12,859 | $931K | Reduce -2.1% |
| ICE Intercontinental Exchange Inc. | 0.61% | 4,927 | $850K | No change |
| DKS Dick's Sporting Goods Inc. | 0.59% | 4,070 | $820K | No change |
| CSCO Cisco Systems Inc. | 0.57% | 13,037 | $805K | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.56% | 1,397 | $781K | Reduce -11.4% |
| ADBE Adobe Inc. | 0.56% | 2,034 | $780K | Reduce -4.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.56% | 1,461 | $778K | Add +0.5% |
| GOOG Alphabet Inc. Class C | 0.54% | 4,880 | $762K | Reduce -1.2% |
| NFLX Netflix Inc. | 0.52% | 783 | $730K | Add +4.4% |
| IWV iShares Russell 3000 ETF | 0.51% | 2,260 | $718K | No change |
| CAT Caterpillar Inc. | 0.50% | 2,111 | $696K | Reduce -8.7% |
| LULU Lululemon Athletica Inc. | 0.48% | 2,365 | $669K | Reduce -4.1% |
| PYPL PayPal Holdings Inc. | 0.44% | 9,348 | $610K | Reduce -0.7% |
| DGX Quest Diagnostics Inc. | 0.38% | 3,145 | $532K | No change |
| MSFT Microsoft Corp. | 0.37% | 1,400 | $526K | No change |
| QCOM Qualcomm Inc. | 0.37% | 3,371 | $518K | Reduce -12.9% |
| IJH iShares Core S&P Midcap ETF | 0.33% | 7,975 | $465K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.33% | 1,296 | $457K | Reduce -8.5% |
| LOW Lowe's Cos Inc. | 0.30% | 1,814 | $423K | No change |
| INTC Intel Corp. | 0.29% | 18,144 | $412K | Reduce -0.9% |
| EBAY eBay Inc. | 0.29% | 6,014 | $407K | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.28% | 4,605 | $386K | No change |
| CBOE Cboe Global Markets Inc. | 0.27% | 1,697 | $384K | Add +4.0% |
| TOL Toll Brothers Inc. | 0.27% | 3,576 | $378K | No change |
| EXP Eagle Materials Inc. | 0.25% | 1,588 | $352K | No change |
| TXRH Texas Roadhouse Inc. | 0.24% | 1,996 | $333K | No change |
| AMAT Applied Materials Inc. | 0.20% | 1,979 | $287K | No change |
| DHIL Diamond Hill Investment Grp | 0.19% | 1,891 | $270K | Reduce -4.5% |
| ENPH Enphase Energy Inc. | 0.18% | 3,964 | $246K | Reduce -2.9% |
| DPZ Domino's Pizza Inc. | 0.16% | 499 | $229K | No change |
| TPR Tapestry Inc. | 0.16% | 3,210 | $226K | Reduce -1.5% |
| GNRC Generac Holdings Inc. | 0.16% | 1,718 | $218K | Reduce -18.7% |
| IHI iShares U.S. Medical Devices | 0.15% | 3,545 | $213K | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.15% | 3,960 | $207K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.15% | 2,438 | $206K | New |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -1.4% | 23.01% | −0.77 |
| NVDA Nvidia Corp. | Reduce -0.7% | 5.58% | −0.71 |
| XYZ Block Inc. | Reduce -2.7% | 1.26% | −0.57 |
| WSM Williams-Sonoma Inc. | Reduce -4.1% | 2.68% | −0.28 |
| GOOGL Alphabet Inc. Class A | Reduce -2.9% | 1.66% | −0.23 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.6% | 4.71% | −0.20 |
| ORCL Oracle Corp. | Reduce -3.6% | 1.63% | −0.19 |
| WGO Winnebago Industries | Sold out | 0.00% | −0.18 |
| IPGP Ipg Photonics Corp. | Sold out | 0.00% | −0.13 |
| LULU Lululemon Athletica Inc. | Reduce -4.1% | 0.48% | −0.13 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.13 |
| CMG Chipotle Mexican Grill Inc. | Reduce -0.8% | 1.36% | −0.13 |
| TREX Trex Company Inc. | Reduce -3.4% | 1.00% | −0.11 |
| USPH U.S. Physical Therapy Inc. | Reduce -2.1% | 0.66% | −0.09 |
| PYPL PayPal Holdings Inc. | Reduce -0.7% | 0.44% | −0.08 |
| MORN Morningstar Inc. | Reduce -5.6% | 0.90% | −0.07 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -6.3% | 3.82% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -1.2% | 0.54% | −0.06 |
| GNRC Generac Holdings Inc. | Reduce -18.7% | 0.16% | −0.06 |
| ADBE Adobe Inc. | Reduce -4.3% | 0.56% | −0.05 |
| CAT Caterpillar Inc. | Reduce -8.7% | 0.50% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -11.4% | 0.56% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -12.9% | 0.37% | −0.01 |
| DHIL Diamond Hill Investment Grp | Reduce -4.5% | 0.19% | −0.01 |
| ENPH Enphase Energy Inc. | Reduce -2.9% | 0.18% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -8.5% | 0.33% | +0.01 |
| TPR Tapestry Inc. | Reduce -1.5% | 0.16% | +0.02 |
| INTC Intel Corp. | Reduce -0.9% | 0.29% | +0.06 |
| IBB iShares Biotechnology ETF | Reduce -2.1% | 1.29% | +0.06 |
| TXN Texas Instruments Inc. | Reduce -1.1% | 1.38% | +0.06 |
| EW Edwards Lifesciences Corp. | Reduce -2.4% | 1.29% | +0.07 |
| CSCO Cisco Systems Inc. | Reduce -1.1% | 0.57% | +0.07 |
| DVA Davita Inc. | Reduce -1.2% | 0.93% | +0.10 |
| IDXX Idexx Laboratories Inc. | Reduce -1.6% | 1.20% | +0.12 |
| TSCO Tractor Supply Company | Reduce -3.7% | 1.42% | +0.14 |
| LRCX Lam Research Corp. | Reduce -0.5% | 1.62% | +0.16 |
| INTU Intuit Inc. | Reduce -0.1% | 2.46% | +0.18 |
| SCHW Schwab (charles) Corp. | Reduce -2.8% | 1.53% | +0.18 |
| ISRG Intuitive Surgical Inc. | Reduce -1.3% | 7.05% | +0.25 |
| COST Costco Wholesale Corp. | Reduce -4.2% | 3.05% | +0.26 |
| SBUX Starbucks Corp. | Reduce -2.4% | 2.26% | +0.32 |
| MA Mastercard Inc. Class A | Reduce -1.4% | 3.80% | +0.45 |
| V Visa Inc. Class A | Reduce -0.5% | 2.86% | +0.52 |
Portfolio Buys Q4 2024 → Q1 2025
| LNTH Lantheus Holdings Inc. | Add +3.0% | 0.84% | +0.16 |
| PLTR Palantir Technologies Inc. Class A | New | 0.15% | +0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.5% | 0.56% | +0.13 |
| SYK Stryker Corp. | Add +1.7% | 0.70% | +0.10 |
| NFLX Netflix Inc. | Add +4.4% | 0.52% | +0.09 |
| CBOE Cboe Global Markets Inc. | Add +4.0% | 0.27% | +0.07 |
| BLK BlackRock Inc. | Add +0.2% | 1.36% | +0.03 |
| AMZN Amazon.com Inc. | Add +0.2% | 1.37% | −0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 77 | $190.8M | AAPL, NVDA, LRCX, QQQ, ISRG |
| Q1 2026 | 73 | $158.3M | AAPL, NVDA, ISRG, QQQ, VTI |
| Q4 2025 | 72 | $170.5M | AAPL, NVDA, ISRG, QQQ, VTI |
| Q3 2025 | 74 | $165.7M | AAPL, NVDA, ISRG, QQQ, VTI |
| Q2 2025 | 70 | $153.7M | AAPL, NVDA, ISRG, QQQ, VTI |
| Q1 2025 | 67 | $140.2M | AAPL, ISRG, NVDA, QQQ, VTI |
| Q4 2024 | 69 | $155.2M | AAPL, ISRG, NVDA, QQQ, VTI |
| Q3 2024 | 67 | $140.4M | AAPL, ISRG, QQQ, NVDA, VTI |
| Q2 2024 | 66 | $133.3M | AAPL, ISRG, QQQ, NVDA, VTI |
| Q1 2024 | 67 | $127.5M | AAPL, ISRG, QQQ, NVDA, VTI |