Martin Capital Partners, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 5, 2024), Martin Capital Partners, LLC reported 69 stock positions worth $260.7 million. Its top holding was Merck (MRK) at 3.3% of the portfolio, followed by General Dynamics (GD, 3.1%) and Cullen/Frost Bankers (CFR, 3.1%). Compared with Q4 2023, it opened 2 new positions, sold out of 3, added to 16 and reduced 45. The biggest buy was a new position in Hershey (HSY) and the biggest sale an exit from Gilead Sciences (GILD).
- Most Recent 13F
- Q2 2026
- Location
- EUGENE, OR
- CIK
- 0001731216
- Portfolio Value
- $260.7M (Q1 2024)
- SEC Filing
- 0001731216-24-000002 ↗ filed Apr 5, 2024
Holdings Value
Holdings 69 stocks · $260.7M
| MRK Merck & Co. Inc. | 3.31% | 65,424 | $8.6M | Reduce -2.4% |
| GD General Dynamics Corp. | 3.14% | 28,939 | $8.2M | Reduce -2.1% |
| CFR Cullen/Frost Bankers Inc. | 3.13% | 72,492 | $8.2M | Reduce -0.6% |
| UL Unilever PLC | 3.07% | 159,406 | $8.0M | Add +3.7% |
| VZ Verizon Communications Inc. | 2.96% | 183,754 | $7.7M | Add +9.3% |
| JPM JPMorgan Chase & Co. | 2.95% | 38,419 | $7.7M | Reduce -30.0% |
| AMGN Amgen Inc. | 2.90% | 26,640 | $7.6M | Reduce -3.1% |
| MSFT Microsoft Corp. | 2.80% | 17,377 | $7.3M | Reduce -2.8% |
| ETR Entergy Corp. | 2.77% | 68,349 | $7.2M | Add +6.6% |
| MSM MSC Industrial Direct Co. Class A | 2.71% | 72,849 | $7.1M | Reduce -2.0% |
| CMCSA Comcast Corp. Class A | 2.65% | 159,501 | $6.9M | Reduce -1.4% |
| TXN Texas Instruments Inc. | 2.65% | 39,635 | $6.9M | Add +0.1% |
| JNJ Johnson & Johnson | 2.62% | 43,166 | $6.8M | Reduce -1.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.58% | 55,117 | $6.7M | Add +14.5% |
| CSCO Cisco Systems Inc. | 2.44% | 127,612 | $6.4M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 2.41% | 53,964 | $6.3M | Reduce -1.9% |
| HD Home Depot Inc. | 2.41% | 16,350 | $6.3M | Reduce -1.3% |
| CVX Chevron Corp. | 2.39% | 39,506 | $6.2M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 2.37% | 38,025 | $6.2M | Reduce -1.6% |
| PEG Public Service Enterprise GP | 2.35% | 91,573 | $6.1M | Reduce -1.5% |
| MDT Medtronic PLC | 2.34% | 70,032 | $6.1M | Add +3.5% |
| KO The Coca-Cola Co. | 2.30% | 98,104 | $6.0M | Reduce -1.8% |
| SPSB SS SPDR P St C Corp. ETF | 2.25% | 197,459 | $5.9M | Reduce -3.4% |
| LMT Lockheed Martin Corp. | 2.18% | 12,492 | $5.7M | Reduce -1.0% |
| PSX Phillips 66 | 2.12% | 33,884 | $5.5M | Reduce -2.5% |
| RHI Robert Half Inc. | 1.99% | 65,328 | $5.2M | Reduce -1.2% |
| UNP Union Pacific Corp. | 1.98% | 20,995 | $5.2M | Reduce -1.1% |
| KOF Coca-Cola Femsa Sab-SP ADR | 1.97% | 52,921 | $5.1M | Reduce -3.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.93% | 98,112 | $5.0M | Reduce -2.4% |
| PFE Pfizer Inc. | 1.92% | 180,281 | $5.0M | Add +115.7% |
| UPS United Parcel Service Class B | 1.88% | 32,923 | $4.9M | Add +3.1% |
| TTE Totalenergies SE -Spon ADR | 1.76% | 66,505 | $4.6M | Reduce -1.9% |
| HSY The Hershey Co. | 1.75% | 23,510 | $4.6M | New |
| UNH Unitedhealth Group Inc. | 1.74% | 9,166 | $4.5M | Reduce -1.9% |
| O Realty Income Corp. | 1.64% | 79,002 | $4.3M | New |
| SWKS Skyworks Solutions Inc. | 1.61% | 38,729 | $4.2M | Add +36.2% |
| SHY iShares 1-3 Year Treasury Bo | 1.58% | 50,289 | $4.1M | Reduce -1.3% |
| CLX Clorox Company | 1.57% | 26,730 | $4.1M | Reduce -0.4% |
| PEP Pepsico Inc. | 1.47% | 21,907 | $3.8M | Reduce -1.4% |
| STIP iShares 0-5 Year Tips Bond E | 1.33% | 34,882 | $3.5M | Reduce -3.4% |
| DVN Devon Energy Corp. | 1.27% | 65,843 | $3.3M | Add +19.7% |
| IEI iShares 3-7 Year Treasury Bo | 0.47% | 10,629 | $1.2M | Reduce -0.7% |
| EMN Eastman Chemical Co. | 0.41% | 10,610 | $1.1M | Reduce -0.9% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.41% | 6,089 | $1.1M | Reduce -1.3% |
| OMC Omnicom Group | 0.40% | 10,745 | $1.0M | Reduce -0.8% |
| COR Cencora Inc. | 0.39% | 4,152 | $1.0M | Reduce -2.7% |
| PAYX Paychex Inc. | 0.38% | 8,159 | $1.0M | Reduce -1.0% |
| PFG Principal Financial Group | 0.36% | 10,982 | $948K | Reduce -1.0% |
| LECO Lincoln Electric Holdings | 0.35% | 3,565 | $911K | Reduce -2.3% |
| DGX Quest Diagnostics Inc. | 0.32% | 6,218 | $828K | Reduce -0.8% |
| INGR Ingredion Inc. | 0.31% | 6,884 | $804K | Reduce -7.7% |
| CHRW C.H. Robinson Worldwide Inc. | 0.28% | 9,661 | $736K | Add +19.1% |
| HII Huntington Ingalls Industrie | 0.27% | 2,458 | $716K | Reduce -1.2% |
| WHR Whirlpool Corp. | 0.26% | 5,766 | $690K | Add +9.0% |
| BKH Black Hills Corp. | 0.23% | 10,972 | $599K | Add +44.2% |
| CMA Comerica Inc. | 0.23% | 10,667 | $587K | Add +0.9% |
| AAPL Apple Inc. | 0.22% | 3,395 | $582K | No change |
| ALSN Allison Transmission Holding | 0.21% | 6,751 | $548K | Reduce -2.1% |
| HRL Hormel Foods Corp. | 0.21% | 15,549 | $543K | Add +35.1% |
| SNA Snap-on Inc. | 0.20% | 1,804 | $534K | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.15% | 500 | $389K | No change |
| COST Costco Wholesale Corp. | 0.14% | 485 | $355K | No change |
| BWZ State Street SPDR Bloomberg | 0.13% | 13,323 | $351K | Reduce -6.0% |
| CNP Centerpoint Energy Inc. | 0.11% | 9,825 | $280K | Add +1.4% |
| PAI Western Asset Investment Gra | 0.11% | 22,750 | $277K | Reduce -12.7% |
| ABERDEEN ASIA PACIFIC INCOM filed as ABRDN ASIA PACIFIC INCOME FU | 0.10% | 90,806 | $254K | Reduce -8.2% |
| SCHD Schwab US DVD Equity ETF | 0.09% | 2,968 | $239K | No change |
| SBKO Summit Bank Group Inc. | 0.05% | 11,718 | $128K | No change |
| XAWFX Alliancebernstein GL Hi Inc. | 0.05% | 11,179 | $119K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −1.36 |
| SDY SS SPDR S&P Dividend ETF | Sold out | 0.00% | −0.97 |
| JPM JPMorgan Chase & Co. | Reduce -30.0% | 2.95% | −0.86 |
| RHI Robert Half Inc. | Reduce -1.2% | 1.99% | −0.38 |
| MSM MSC Industrial Direct Co. Class A | Reduce -2.0% | 2.71% | −0.36 |
| AMGN Amgen Inc. | Reduce -3.1% | 2.90% | −0.32 |
| UNH Unitedhealth Group Inc. | Reduce -1.9% | 1.74% | −0.27 |
| CMCSA Comcast Corp. Class A | Reduce -1.4% | 2.65% | −0.24 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -3.4% | 2.25% | −0.23 |
| CSCO Cisco Systems Inc. | Reduce -1.1% | 2.44% | −0.21 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -2.4% | 1.93% | −0.17 |
| JNJ Johnson & Johnson | Reduce -1.0% | 2.62% | −0.17 |
| LMT Lockheed Martin Corp. | Reduce -1.0% | 2.18% | −0.15 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -3.6% | 1.97% | −0.15 |
| UNP Union Pacific Corp. | Reduce -1.1% | 1.98% | −0.14 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.3% | 1.58% | −0.13 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -3.4% | 1.33% | −0.12 |
| TTE Totalenergies SE -Spon ADR | Reduce -1.9% | 1.76% | −0.11 |
| KO The Coca-Cola Co. | Reduce -1.8% | 2.30% | −0.10 |
| CFR Cullen/Frost Bankers Inc. | Reduce -0.6% | 3.13% | −0.10 |
| USB US Bancorp | Sold out | 0.00% | −0.09 |
| PEP Pepsico Inc. | Reduce -1.4% | 1.47% | −0.07 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -0.7% | 0.47% | −0.04 |
| DGX Quest Diagnostics Inc. | Reduce -0.8% | 0.32% | −0.03 |
| BWZ State Street SPDR Bloomberg | Reduce -6.0% | 0.13% | −0.02 |
| INGR Ingredion Inc. | Reduce -7.7% | 0.31% | −0.02 |
| PAI Western Asset Investment Gra | Reduce -12.7% | 0.11% | −0.02 |
| PAYX Paychex Inc. | Reduce -1.0% | 0.38% | −0.02 |
| CVX Chevron Corp. | Reduce -0.1% | 2.39% | −0.02 |
| ABERDEEN ASIA PACIFIC INCOM | Reduce -8.2% | 0.10% | −0.01 |
| SNA Snap-on Inc. | Reduce -0.3% | 0.20% | −0.01 |
| JKHY Jack Henry & Associates Inc. | Reduce -1.3% | 0.41% | −0.01 |
| GD General Dynamics Corp. | Reduce -2.1% | 3.14% | +0.00 |
| PFG Principal Financial Group | Reduce -1.0% | 0.36% | +0.01 |
| CLX Clorox Company | Reduce -0.4% | 1.57% | +0.01 |
| HII Huntington Ingalls Industrie | Reduce -1.2% | 0.27% | +0.01 |
| EMN Eastman Chemical Co. | Reduce -0.9% | 0.41% | +0.02 |
| OMC Omnicom Group | Reduce -0.8% | 0.40% | +0.02 |
| LECO Lincoln Electric Holdings | Reduce -2.3% | 0.35% | +0.03 |
| PEG Public Service Enterprise GP | Reduce -1.5% | 2.35% | +0.03 |
| COR Cencora Inc. | Reduce -2.7% | 0.39% | +0.03 |
| ALSN Allison Transmission Holding | Reduce -2.1% | 0.21% | +0.05 |
| PG The Procter & Gamble Co. | Reduce -1.6% | 2.37% | +0.06 |
| MSFT Microsoft Corp. | Reduce -2.8% | 2.80% | +0.06 |
| HD Home Depot Inc. | Reduce -1.3% | 2.41% | +0.06 |
| XOM Exxon Mobil Corp. | Reduce -1.9% | 2.41% | +0.16 |
| PSX Phillips 66 | Reduce -2.5% | 2.12% | +0.24 |
| MRK Merck & Co. Inc. | Reduce -2.4% | 3.31% | +0.33 |
Portfolio Buys Q4 2023 → Q1 2024
| HSY The Hershey Co. | New | 1.75% | +1.75 |
| O Realty Income Corp. | New | 1.64% | +1.64 |
| PFE Pfizer Inc. | Add +115.7% | 1.92% | +0.94 |
| TROW T Rowe Price Group Inc. | Add +14.5% | 2.58% | +0.46 |
| VZ Verizon Communications Inc. | Add +9.3% | 2.96% | +0.37 |
| SWKS Skyworks Solutions Inc. | Add +36.2% | 1.61% | +0.31 |
| DVN Devon Energy Corp. | Add +19.7% | 1.27% | +0.25 |
| ETR Entergy Corp. | Add +6.6% | 2.77% | +0.12 |
| MDT Medtronic PLC | Add +3.5% | 2.34% | +0.07 |
| BKH Black Hills Corp. | Add +44.2% | 0.23% | +0.06 |
| HRL Hormel Foods Corp. | Add +35.1% | 0.21% | +0.06 |
| UL Unilever PLC | Add +3.7% | 3.07% | +0.03 |
| WHR Whirlpool Corp. | Add +9.0% | 0.26% | +0.00 |
| CHRW C.H. Robinson Worldwide Inc. | Add +19.1% | 0.28% | −0.00 |
| CNP Centerpoint Energy Inc. | Add +1.4% | 0.11% | −0.01 |
| CMA Comerica Inc. | Add +0.9% | 0.23% | −0.02 |
| TXN Texas Instruments Inc. | Add +0.1% | 2.65% | −0.10 |
| UPS United Parcel Service Class B | Add +3.1% | 1.88% | −0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 72 | $272.0M | AMGN, CFR, JNJ, ASML, CSCO |
| Q1 2026 | 68 | $269.1M | AMGN, CVX, JNJ, CFR, CME |
| Q4 2025 | 70 | $265.8M | AMGN, MSFT, ASML, CSCO, CFR |
| Q3 2025 | 70 | $257.8M | AMGN, CME, CFR, ASML, MSFT |
| Q2 2025 | 75 | $255.1M | JPM, CME, CFR, AMGN, ETR |
| Q1 2025 | 58 | $83.6M | SPSB, IGSB, AMGN, JPM, ETR |
| Q4 2024 | 58 | $84.3M | SPSB, IGSB, CFR, JPM, SHY |
| Q3 2024 | 69 | $202.4M | ETR, AMGN, VZ, TXN, CFR |
| Q2 2024 | 71 | $247.6M | UL, GD, AMGN, TXN, JPM |
| Q1 2024 | 69 | $260.7M | MRK, GD, CFR, UL, VZ |