Martin Capital Advisors, LLP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 15, 2025), Martin Capital Advisors, LLP reported 70 stock positions worth $153.7 million. Its top holding was Apple (AAPL) at 19.4% of the portfolio, followed by Nvidia (NVDA, 7.4%) and Intuitive Surgical (ISRG, 7.1%). Compared with Q1 2025, it opened 4 new positions, sold out of 1, added to 28 and reduced 8. The biggest buy was Nvidia (NVDA, shares +0%) and the biggest sale Trex (TREX, shares −4%).

Most Recent 13F
Q2 2026
Location
SAN ANTONIO, TX
CIK
0001904126
Portfolio Value
$153.7M (Q2 2025)
SEC Filing
0001398344-25-013130 ↗ filed Jul 15, 2025

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 Q3 2024 Q4 2024: $155.2M Q4 2024 Q1 2025: $140.2M Q1 2025 Q2 2025: $153.7M $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 70 stocks · $153.7M
AAPL Apple Inc. 19.39% 145,263 $29.8M Add +0.0%
NVDA Nvidia Corp. 7.45% 72,474 $11.5M Add +0.3%
ISRG Intuitive Surgical Inc. 7.06% 19,983 $10.9M Add +0.2%
QQQ Invesco QQQ Trust Series 1 4.95% 13,798 $7.6M Reduce -1.9%
VTI VG Morningstar TS MKT ETF-US 3.83% 19,384 $5.9M Reduce -0.5%
MA Mastercard Inc. Class A 3.59% 9,810 $5.5M Add +0.8%
INTU Intuit Inc. 2.92% 5,692 $4.5M Add +1.5%
COST Costco Wholesale Corp. 2.92% 4,527 $4.5M No change
V Visa Inc. Class A 2.68% 11,582 $4.1M Add +1.2%
WSM Williams-Sonoma Inc. 2.56% 24,057 $3.9M Add +1.3%
ORCL Oracle Corp. 2.36% 16,624 $3.6M Add +1.8%
LRCX Lam Research Corp. 2.03% 32,033 $3.1M Add +2.5%
SBUX Starbucks Corp. 1.96% 32,929 $3.0M Add +1.9%
GOOGL Alphabet Inc. Class A 1.75% 15,283 $2.7M Add +1.7%
SCHW Schwab (charles) Corp. 1.66% 28,010 $2.6M Add +2.2%
TXN Texas Instruments Inc. 1.50% 11,079 $2.3M Add +2.8%
AMZN Amazon.com Inc. 1.48% 10,350 $2.3M Add +2.9%
VCSH Vanguard S/T Corp. Bond ETF 1.47% 28,370 $2.3M No change
IDXX Idexx Laboratories Inc. 1.44% 4,113 $2.2M Add +2.5%
CMG Chipotle Mexican Grill Inc. 1.42% 38,897 $2.2M Add +2.6%
BLK BlackRock Inc. 1.42% 2,073 $2.2M Add +3.0%
XYZ Block Inc. 1.41% 31,992 $2.2M Reduce -1.5%
EW Edwards Lifesciences Corp. 1.30% 25,624 $2.0M Add +2.8%
TSCO Tractor Supply Company 1.28% 37,313 $2.0M Add +3.2%
IBB iShares Biotechnology ETF 1.16% 14,139 $1.8M No change
GDDY GoDaddy Inc. Class A 1.04% 8,902 $1.6M Add +3.5%
MORN Morningstar Inc. 0.86% 4,202 $1.3M No change
DVA Davita Inc. 0.83% 8,924 $1.3M Add +4.7%
TREX Trex Company Inc. 0.81% 23,014 $1.3M Reduce -4.2%
NDAQ Nasdaq Inc. 0.79% 13,532 $1.2M No change
SYK Stryker Corp. 0.72% 2,807 $1.1M Add +6.0%
NFLX Netflix Inc. 0.68% 783 $1.0M No change
LNTH Lantheus Holdings Inc. 0.67% 12,573 $1.0M Add +4.6%
USPH U.S. Physical Therapy Inc. 0.65% 12,859 $1.0M No change
CSCO Cisco Systems Inc. 0.59% 13,037 $905K No change
ICE Intercontinental Exchange Inc. 0.59% 4,927 $904K No change
BRK.B Berkshire Hathaway Inc. Class B 0.56% 1,787 $868K Add +22.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.56% 1,397 $863K No change
GOOG Alphabet Inc. Class C 0.56% 4,820 $855K Reduce -1.2%
CAT Caterpillar Inc. 0.53% 2,111 $820K No change
DKS Dick's Sporting Goods Inc. 0.52% 4,070 $805K No change
IWV iShares Russell 3000 ETF 0.52% 2,260 $793K No change
ADBE Adobe Inc. 0.51% 2,034 $787K No change
CRWD CrowdStrike Holdings Inc. Class A 0.48% 1,456 $742K Add +12.3%
MSFT Microsoft Corp. 0.45% 1,400 $696K No change
PYPL PayPal Holdings Inc. 0.44% 9,168 $681K Reduce -1.9%
DGX Quest Diagnostics Inc. 0.37% 3,145 $565K No change
LULU Lululemon Athletica Inc. 0.37% 2,365 $562K No change
QCOM Qualcomm Inc. 0.35% 3,371 $537K No change
IJH iShares Core S&P Midcap ETF 0.32% 7,975 $495K No change
CBOE Cboe Global Markets Inc. 0.30% 1,987 $463K Add +17.1%
EBAY eBay Inc. 0.29% 6,014 $448K No change
AMAT Applied Materials Inc. 0.28% 2,379 $436K Add +20.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.27% 4,605 $420K No change
TOL Toll Brothers Inc. 0.27% 3,576 $408K No change
PLTR Palantir Technologies Inc. Class A 0.27% 2,988 $407K Add +22.6%
LOW Lowe's Cos Inc. 0.26% 1,814 $402K No change
INTC Intel Corp. 0.24% 16,804 $376K Reduce -7.4%
TXRH Texas Roadhouse Inc. 0.24% 1,936 $363K Reduce -3.0%
EXP Eagle Materials Inc. 0.21% 1,588 $321K No change
TPR Tapestry Inc. 0.18% 3,210 $282K No change
DHIL Diamond Hill Investment Grp 0.18% 1,891 $275K No change
AVGO Broadcom Inc. 0.18% 986 $272K New
NOW ServiceNow Inc. 0.16% 242 $249K New
ZTS Zoetis Inc. 0.16% 1,581 $247K New
GNRC Generac Holdings Inc. 0.16% 1,718 $246K No change
AMD Advanced Micro Devices 0.15% 1,664 $236K New
DPZ Domino's Pizza Inc. 0.15% 499 $225K No change
IHI iShares U.S. Medical Devices 0.14% 3,545 $222K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.14% 3,960 $209K No change

Portfolio Sells Q1 2025 → Q2 2025
TREX Trex Company Inc. Reduce -4.2% 0.81% −0.18
ENPH Enphase Energy Inc. Sold out 0.00% −0.18
INTC Intel Corp. Reduce -7.4% 0.24% −0.05
TXRH Texas Roadhouse Inc. Reduce -3.0% 0.24% −0.00
PYPL PayPal Holdings Inc. Reduce -1.9% 0.44% +0.01
GOOG Alphabet Inc. Class C Reduce -1.2% 0.56% +0.01
VTI VG Morningstar TS MKT ETF-US Reduce -0.5% 3.83% +0.01
XYZ Block Inc. Reduce -1.5% 1.41% +0.15
QQQ Invesco QQQ Trust Series 1 Reduce -1.9% 4.95% +0.25

Portfolio Buys Q1 2025 → Q2 2025
NVDA Nvidia Corp. Add +0.3% 7.45% +1.86
ORCL Oracle Corp. Add +1.8% 2.36% +0.74
INTU Intuit Inc. Add +1.5% 2.92% +0.46
LRCX Lam Research Corp. Add +2.5% 2.03% +0.41
IDXX Idexx Laboratories Inc. Add +2.5% 1.44% +0.23
AVGO Broadcom Inc. New 0.18% +0.18
NOW ServiceNow Inc. New 0.16% +0.16
ZTS Zoetis Inc. New 0.16% +0.16
CRWD CrowdStrike Holdings Inc. Class A Add +12.3% 0.48% +0.16
AMD Advanced Micro Devices New 0.15% +0.15
SCHW Schwab (charles) Corp. Add +2.2% 1.66% +0.13
PLTR Palantir Technologies Inc. Class A Add +22.6% 0.27% +0.12
TXN Texas Instruments Inc. Add +2.8% 1.50% +0.11
AMZN Amazon.com Inc. Add +2.9% 1.48% +0.11
GOOGL Alphabet Inc. Class A Add +1.7% 1.75% +0.10
AMAT Applied Materials Inc. Add +20.2% 0.28% +0.08
CMG Chipotle Mexican Grill Inc. Add +2.6% 1.42% +0.06
BLK BlackRock Inc. Add +3.0% 1.42% +0.06
CBOE Cboe Global Markets Inc. Add +17.1% 0.30% +0.03
SYK Stryker Corp. Add +6.0% 0.72% +0.02
ISRG Intuitive Surgical Inc. Add +0.2% 7.06% +0.02
EW Edwards Lifesciences Corp. Add +2.8% 1.30% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +22.3% 0.56% +0.01
GDDY GoDaddy Inc. Class A Add +3.5% 1.04% −0.06
DVA Davita Inc. Add +4.7% 0.83% −0.10
WSM Williams-Sonoma Inc. Add +1.3% 2.56% −0.12
TSCO Tractor Supply Company Add +3.2% 1.28% −0.14
LNTH Lantheus Holdings Inc. Add +4.6% 0.67% −0.17
V Visa Inc. Class A Add +1.2% 2.68% −0.19
MA Mastercard Inc. Class A Add +0.8% 3.59% −0.22
SBUX Starbucks Corp. Add +1.9% 1.96% −0.30
AAPL Apple Inc. Add +0.0% 19.39% −3.62

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