Martin Capital Partners, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 15, 2024), Martin Capital Partners, LLC reported 71 stock positions worth $247.6 million. Its top holding was Unilever (UL) at 3.5% of the portfolio, followed by General Dynamics (GD, 3.3%) and Amgen (AMGN, 3.3%). Compared with Q1 2024, it opened 2 new positions, added to 9 and reduced 56. The biggest buy was United Parcel Service Class B (UPS, shares +18%) and the biggest sale Merck (MRK, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- EUGENE, OR
- CIK
- 0001731216
- Portfolio Value
- $247.6M (Q2 2024)
- SEC Filing
- 0001731216-24-000003 ↗ filed Jul 15, 2024
Holdings Value
Holdings 71 stocks · $247.6M
| UL Unilever PLC | 3.46% | 155,576 | $8.6M | Reduce -2.4% |
| GD General Dynamics Corp. | 3.29% | 28,059 | $8.1M | Reduce -3.0% |
| AMGN Amgen Inc. | 3.27% | 25,883 | $8.1M | Reduce -2.8% |
| TXN Texas Instruments Inc. | 3.04% | 38,704 | $7.5M | Reduce -2.4% |
| JPM JPMorgan Chase & Co. | 3.02% | 37,021 | $7.5M | Reduce -3.6% |
| MSFT Microsoft Corp. | 3.01% | 16,656 | $7.4M | Reduce -4.2% |
| VZ Verizon Communications Inc. | 2.96% | 177,987 | $7.3M | Reduce -3.1% |
| CFR Cullen/Frost Bankers Inc. | 2.89% | 70,447 | $7.2M | Reduce -2.8% |
| ETR Entergy Corp. | 2.86% | 66,225 | $7.1M | Reduce -3.1% |
| PEG Public Service Enterprise GP | 2.67% | 89,776 | $6.6M | Reduce -2.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.50% | 53,605 | $6.2M | Reduce -2.7% |
| CMCSA Comcast Corp. Class A | 2.49% | 157,301 | $6.2M | Reduce -1.4% |
| JNJ Johnson & Johnson | 2.49% | 42,118 | $6.2M | Reduce -2.4% |
| PG The Procter & Gamble Co. | 2.47% | 37,058 | $6.1M | Reduce -2.5% |
| KO The Coca-Cola Co. | 2.45% | 95,219 | $6.1M | Reduce -2.9% |
| XOM Exxon Mobil Corp. | 2.44% | 52,373 | $6.0M | Reduce -3.0% |
| CVX Chevron Corp. | 2.43% | 38,473 | $6.0M | Reduce -2.6% |
| CSCO Cisco Systems Inc. | 2.40% | 125,328 | $6.0M | Reduce -1.8% |
| MRK Merck & Co. Inc. | 2.40% | 48,046 | $5.9M | Reduce -26.6% |
| SPSB SS SPDR P St C Corp. ETF | 2.37% | 197,413 | $5.9M | Reduce -0.0% |
| MSM MSC Industrial Direct Co. Class A | 2.30% | 71,797 | $5.7M | Reduce -1.4% |
| LMT Lockheed Martin Corp. | 2.29% | 12,129 | $5.7M | Reduce -2.9% |
| HD Home Depot Inc. | 2.21% | 15,925 | $5.5M | Reduce -2.6% |
| MDT Medtronic PLC | 2.17% | 68,177 | $5.4M | Reduce -2.6% |
| UPS United Parcel Service Class B | 2.15% | 38,808 | $5.3M | Add +17.9% |
| PFE Pfizer Inc. | 2.05% | 181,124 | $5.1M | Add +0.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 2.01% | 97,076 | $5.0M | Reduce -1.1% |
| PSX Phillips 66 | 1.87% | 32,822 | $4.6M | Reduce -3.1% |
| UNP Union Pacific Corp. | 1.87% | 20,432 | $4.6M | Reduce -2.7% |
| UNH Unitedhealth Group Inc. | 1.84% | 8,933 | $4.5M | Reduce -2.5% |
| KOF Coca-Cola Femsa Sab-SP ADR | 1.79% | 51,500 | $4.4M | Reduce -2.7% |
| TTE Totalenergies SE -Spon ADR | 1.74% | 64,621 | $4.3M | Reduce -2.8% |
| HSY The Hershey Co. | 1.72% | 23,221 | $4.3M | Reduce -1.2% |
| RHI Robert Half Inc. | 1.70% | 65,773 | $4.2M | Add +0.7% |
| SHY iShares 1-3 Year Treasury Bo | 1.68% | 50,872 | $4.2M | Add +1.2% |
| O Realty Income Corp. | 1.63% | 76,563 | $4.0M | Reduce -3.1% |
| SWKS Skyworks Solutions Inc. | 1.62% | 37,647 | $4.0M | Reduce -2.8% |
| CLX Clorox Company | 1.44% | 26,096 | $3.6M | Reduce -2.4% |
| STIP iShares 0-5 Year Tips Bond E | 1.42% | 35,421 | $3.5M | Add +1.6% |
| PEP Pepsico Inc. | 1.42% | 21,307 | $3.5M | Reduce -2.7% |
| DVN Devon Energy Corp. | 1.22% | 63,971 | $3.0M | Reduce -2.8% |
| IEI iShares 3-7 Year Treasury Bo | 0.50% | 10,744 | $1.2M | Add +1.1% |
| EMN Eastman Chemical Co. | 0.40% | 10,218 | $1.0M | Reduce -3.7% |
| PAYX Paychex Inc. | 0.40% | 8,371 | $992K | Add +2.6% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.40% | 5,891 | $978K | Reduce -3.3% |
| CHRW C.H. Robinson Worldwide Inc. | 0.37% | 10,301 | $908K | Add +6.6% |
| PFG Principal Financial Group | 0.34% | 10,690 | $839K | Reduce -2.7% |
| DGX Quest Diagnostics Inc. | 0.33% | 6,022 | $824K | Reduce -3.1% |
| COR Cencora Inc. | 0.32% | 3,466 | $781K | Reduce -16.5% |
| INGR Ingredion Inc. | 0.31% | 6,657 | $764K | Reduce -3.3% |
| AAPL Apple Inc. | 0.28% | 3,335 | $702K | Reduce -1.8% |
| OMC Omnicom Group | 0.28% | 7,798 | $699K | Reduce -27.4% |
| LECO Lincoln Electric Holdings | 0.26% | 3,449 | $651K | Reduce -3.3% |
| WHR Whirlpool Corp. | 0.23% | 5,621 | $574K | Reduce -2.5% |
| HII Huntington Ingalls Industrie | 0.23% | 2,328 | $573K | Reduce -5.3% |
| BKH Black Hills Corp. | 0.23% | 10,414 | $566K | Reduce -5.1% |
| HRL Hormel Foods Corp. | 0.22% | 17,649 | $538K | Add +13.5% |
| CMA Comerica Inc. | 0.21% | 10,414 | $532K | Reduce -2.4% |
| SWK Stanley Black & Decker Inc. | 0.21% | 6,418 | $513K | New |
| ALSN Allison Transmission Holding | 0.20% | 6,379 | $484K | Reduce -5.5% |
| LLY Eli Lilly & Co. | 0.18% | 500 | $453K | No change |
| SNA Snap-on Inc. | 0.18% | 1,717 | $449K | Reduce -4.8% |
| COST Costco Wholesale Corp. | 0.15% | 425 | $361K | Reduce -12.4% |
| BWZ State Street SPDR Bloomberg | 0.13% | 12,890 | $330K | Reduce -3.3% |
| CNP Centerpoint Energy Inc. | 0.12% | 9,301 | $288K | Reduce -5.3% |
| PAI Western Asset Investment Gra | 0.11% | 22,750 | $275K | No change |
| ABERDEEN ASIA PACIFIC INCOM filed as ABRDN ASIA PACIFIC INCOME FU | 0.10% | 89,087 | $239K | Reduce -1.9% |
| AVGO Broadcom Inc. | 0.09% | 145 | $233K | New |
| SCHD Schwab US DVD Equity ETF | 0.08% | 2,585 | $201K | Reduce -12.9% |
| SBKO Summit Bank Group Inc. | 0.05% | 11,718 | $127K | No change |
| XAWFX Alliancebernstein GL Hi Inc. | 0.05% | 11,179 | $117K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| MRK Merck & Co. Inc. | Reduce -26.6% | 2.40% | −0.91 |
| MSM MSC Industrial Direct Co. Class A | Reduce -1.4% | 2.30% | −0.41 |
| PSX Phillips 66 | Reduce -3.1% | 1.87% | −0.25 |
| CFR Cullen/Frost Bankers Inc. | Reduce -2.8% | 2.89% | −0.24 |
| HD Home Depot Inc. | Reduce -2.6% | 2.21% | −0.19 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -2.7% | 1.79% | −0.19 |
| MDT Medtronic PLC | Reduce -2.6% | 2.17% | −0.17 |
| CMCSA Comcast Corp. Class A | Reduce -1.4% | 2.49% | −0.16 |
| JNJ Johnson & Johnson | Reduce -2.4% | 2.49% | −0.13 |
| CLX Clorox Company | Reduce -2.4% | 1.44% | −0.13 |
| OMC Omnicom Group | Reduce -27.4% | 0.28% | −0.12 |
| UNP Union Pacific Corp. | Reduce -2.7% | 1.87% | −0.11 |
| LECO Lincoln Electric Holdings | Reduce -3.3% | 0.26% | −0.09 |
| TROW T Rowe Price Group Inc. | Reduce -2.7% | 2.50% | −0.08 |
| COR Cencora Inc. | Reduce -16.5% | 0.32% | −0.07 |
| PEP Pepsico Inc. | Reduce -2.7% | 1.42% | −0.05 |
| HII Huntington Ingalls Industrie | Reduce -5.3% | 0.23% | −0.04 |
| DVN Devon Energy Corp. | Reduce -2.8% | 1.22% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -1.8% | 2.40% | −0.04 |
| WHR Whirlpool Corp. | Reduce -2.5% | 0.23% | −0.03 |
| HSY The Hershey Co. | Reduce -1.2% | 1.72% | −0.03 |
| PFG Principal Financial Group | Reduce -2.7% | 0.34% | −0.02 |
| SNA Snap-on Inc. | Reduce -4.8% | 0.18% | −0.02 |
| TTE Totalenergies SE -Spon ADR | Reduce -2.8% | 1.74% | −0.02 |
| ALSN Allison Transmission Holding | Reduce -5.5% | 0.20% | −0.01 |
| JKHY Jack Henry & Associates Inc. | Reduce -3.3% | 0.40% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -12.9% | 0.08% | −0.01 |
| CMA Comerica Inc. | Reduce -2.4% | 0.21% | −0.01 |
| O Realty Income Corp. | Reduce -3.1% | 1.63% | −0.01 |
| EMN Eastman Chemical Co. | Reduce -3.7% | 0.40% | −0.00 |
| BWZ State Street SPDR Bloomberg | Reduce -3.3% | 0.13% | −0.00 |
| BKH Black Hills Corp. | Reduce -5.1% | 0.23% | −0.00 |
| ABERDEEN ASIA PACIFIC INCOM | Reduce -1.9% | 0.10% | −0.00 |
| INGR Ingredion Inc. | Reduce -3.3% | 0.31% | +0.00 |
| VZ Verizon Communications Inc. | Reduce -3.1% | 2.96% | +0.01 |
| CNP Centerpoint Energy Inc. | Reduce -5.3% | 0.12% | +0.01 |
| COST Costco Wholesale Corp. | Reduce -12.4% | 0.15% | +0.01 |
| SWKS Skyworks Solutions Inc. | Reduce -2.8% | 1.62% | +0.01 |
| DGX Quest Diagnostics Inc. | Reduce -3.1% | 0.33% | +0.02 |
| XOM Exxon Mobil Corp. | Reduce -3.0% | 2.44% | +0.03 |
| CVX Chevron Corp. | Reduce -2.6% | 2.43% | +0.04 |
| AAPL Apple Inc. | Reduce -1.8% | 0.28% | +0.06 |
| JPM JPMorgan Chase & Co. | Reduce -3.6% | 3.02% | +0.07 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -1.1% | 2.01% | +0.08 |
| ETR Entergy Corp. | Reduce -3.1% | 2.86% | +0.09 |
| UNH Unitedhealth Group Inc. | Reduce -2.5% | 1.84% | +0.10 |
| PG The Procter & Gamble Co. | Reduce -2.5% | 2.47% | +0.10 |
| LMT Lockheed Martin Corp. | Reduce -2.9% | 2.29% | +0.11 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -0.0% | 2.37% | +0.11 |
| KO The Coca-Cola Co. | Reduce -2.9% | 2.45% | +0.15 |
Portfolio Buys Q1 2024 → Q2 2024
| UPS United Parcel Service Class B | Add +17.9% | 2.15% | +0.27 |
| SWK Stanley Black & Decker Inc. | New | 0.21% | +0.21 |
| PFE Pfizer Inc. | Add +0.5% | 2.05% | +0.13 |
| SHY iShares 1-3 Year Treasury Bo | Add +1.2% | 1.68% | +0.10 |
| AVGO Broadcom Inc. | New | 0.09% | +0.09 |
| STIP iShares 0-5 Year Tips Bond E | Add +1.6% | 1.42% | +0.09 |
| CHRW C.H. Robinson Worldwide Inc. | Add +6.6% | 0.37% | +0.08 |
| IEI iShares 3-7 Year Treasury Bo | Add +1.1% | 0.50% | +0.03 |
| PAYX Paychex Inc. | Add +2.6% | 0.40% | +0.02 |
| HRL Hormel Foods Corp. | Add +13.5% | 0.22% | +0.01 |
| RHI Robert Half Inc. | Add +0.7% | 1.70% | −0.29 |
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 |