Martin Capital Partners, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Martin Capital Partners, LLC reported 58 stock positions worth $84.3 million. Its top holding was SS SPDR P St C Corp. ETF (SPSB) at 4.3% of the portfolio, followed by iShares 1-5Y Inv Grade (IGSB, 3.6%) and Cullen/Frost Bankers (CFR, 3.4%). Compared with Q3 2024, it opened 5 new positions, sold out of 16 and reduced 52. The biggest buy was a new position in Reinsurance Group of America (RGA) and the biggest sale an exit from Merck (MRK).
- Most Recent 13F
- Q2 2026
- Location
- EUGENE, OR
- CIK
- 0001731216
- Portfolio Value
- $84.3M (Q4 2024)
- SEC Filing
- 0001731216-25-000001 ↗ filed Jan 27, 2025
Holdings Value
Holdings 58 stocks · $84.3M
| SPSB SS SPDR P St C Corp. ETF | 4.31% | 121,707 | $3.6M | Reduce -28.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 3.57% | 58,149 | $3.0M | Reduce -30.2% |
| CFR Cullen/Frost Bankers Inc. | 3.43% | 21,516 | $2.9M | Reduce -59.4% |
| JPM JPMorgan Chase & Co. | 3.35% | 11,770 | $2.8M | Reduce -58.1% |
| SHY iShares 1-3 Year Treasury Bo | 3.05% | 31,341 | $2.6M | Reduce -30.6% |
| AMGN Amgen Inc. | 3.02% | 9,765 | $2.5M | Reduce -50.2% |
| ETR Entergy Corp. | 2.95% | 32,816 | $2.5M | Reduce -66.9% |
| MSFT Microsoft Corp. | 2.86% | 5,720 | $2.4M | Reduce -54.3% |
| CSCO Cisco Systems Inc. | 2.72% | 38,734 | $2.3M | Reduce -58.7% |
| CME Cme Group Inc. | 2.68% | 9,739 | $2.3M | Reduce -46.3% |
| TXN Texas Instruments Inc. | 2.68% | 12,050 | $2.3M | Reduce -58.5% |
| VZ Verizon Communications Inc. | 2.62% | 55,323 | $2.2M | Reduce -58.7% |
| JNJ Johnson & Johnson | 2.49% | 14,500 | $2.1M | Reduce -54.0% |
| UPS United Parcel Service Class B | 2.47% | 16,511 | $2.1M | Reduce -44.0% |
| UL Unilever PLC | 2.47% | 36,709 | $2.1M | Reduce -59.1% |
| STIP iShares 0-5 Year Tips Bond E | 2.44% | 20,409 | $2.1M | Reduce -30.9% |
| RHI Robert Half Inc. | 2.38% | 28,428 | $2.0M | Reduce -44.0% |
| PG The Procter & Gamble Co. | 2.36% | 11,869 | $2.0M | Reduce -57.4% |
| KO The Coca-Cola Co. | 2.34% | 31,723 | $2.0M | Reduce -55.7% |
| HD Home Depot Inc. | 2.31% | 5,009 | $1.9M | Reduce -58.1% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.24% | 16,694 | $1.9M | Reduce -58.7% |
| BKH Black Hills Corp. | 2.22% | 31,978 | $1.9M | Reduce -45.5% |
| CMCSA Comcast Corp. Class A | 2.19% | 49,284 | $1.9M | Reduce -58.2% |
| GD General Dynamics Corp. | 2.17% | 6,931 | $1.8M | Reduce -58.7% |
| CVX Chevron Corp. | 2.17% | 12,603 | $1.8M | Reduce -56.6% |
| RGA Reinsurance Group of America | 2.12% | 8,370 | $1.8M | New |
| XOM Exxon Mobil Corp. | 2.06% | 16,168 | $1.7M | Reduce -58.8% |
| O Realty Income Corp. | 2.04% | 32,213 | $1.7M | Reduce -45.9% |
| MDT Medtronic PLC | 1.99% | 21,050 | $1.7M | Reduce -58.9% |
| ASML ASML Holding NV-NY Reg SHS | 1.89% | 2,297 | $1.6M | New |
| PFE Pfizer Inc. | 1.72% | 54,678 | $1.5M | Reduce -60.0% |
| UNH Unitedhealth Group Inc. | 1.70% | 2,831 | $1.4M | Reduce -57.4% |
| UNP Union Pacific Corp. | 1.69% | 6,249 | $1.4M | Reduce -59.2% |
| KOF Coca-Cola Femsa Sab-SP ADR | 1.56% | 16,869 | $1.3M | Reduce -57.0% |
| NKE Nike Inc. Class B | 1.42% | 15,777 | $1.2M | New |
| LYB Lyondellbasell Indu Class A | 1.38% | 15,636 | $1.2M | New |
| TTE Totalenergies SE -Spon ADR | 1.36% | 21,013 | $1.1M | Reduce -56.8% |
| PSX Phillips 66 | 1.33% | 9,833 | $1.1M | Reduce -59.4% |
| PEP Pepsico Inc. | 1.26% | 7,007 | $1.1M | Reduce -56.6% |
| SWKS Skyworks Solutions Inc. | 1.24% | 11,825 | $1.0M | Reduce -58.3% |
| LMT Lockheed Martin Corp. | 1.15% | 2,002 | $973K | Reduce -77.9% |
| IEI iShares 3-7 Year Treasury Bo | 0.85% | 6,203 | $717K | Reduce -32.3% |
| DVN Devon Energy Corp. | 0.68% | 17,625 | $577K | Reduce -62.9% |
| AAPL Apple Inc. | 0.62% | 2,100 | $526K | Reduce -37.0% |
| SDY SS SPDR S&P Dividend ETF | 0.48% | 3,045 | $402K | New |
| LLY Eli Lilly & Co. | 0.46% | 500 | $386K | No change |
| CLX Clorox Company | 0.39% | 2,035 | $331K | Reduce -89.6% |
| PAYX Paychex Inc. | 0.39% | 2,341 | $328K | Reduce -62.1% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.35% | 1,691 | $296K | Reduce -60.4% |
| DGX Quest Diagnostics Inc. | 0.31% | 1,708 | $258K | Reduce -60.3% |
| CHRW C.H. Robinson Worldwide Inc. | 0.30% | 2,429 | $251K | Reduce -67.6% |
| INGR Ingredion Inc. | 0.29% | 1,799 | $247K | Reduce -61.0% |
| MSM MSC Industrial Direct Co. Class A | 0.29% | 3,234 | $242K | Reduce -94.0% |
| EMN Eastman Chemical Co. | 0.28% | 2,566 | $234K | Reduce -64.5% |
| PFG Principal Financial Group | 0.25% | 2,747 | $213K | Reduce -64.4% |
| COR Cencora Inc. | 0.25% | 942 | $212K | Reduce -62.3% |
| BWZ State Street SPDR Bloomberg | 0.24% | 7,928 | $201K | Reduce -32.4% |
| PAI Western Asset Investment Gra | 0.17% | 11,531 | $144K | Reduce -44.1% |
Portfolio Sells Q3 2024 → Q4 2024
| MRK Merck & Co. Inc. | Sold out | 0.00% | −2.03 |
| MSM MSC Industrial Direct Co. Class A | Reduce -94.0% | 0.29% | −2.00 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −1.70 |
| HSY The Hershey Co. | Sold out | 0.00% | −1.67 |
| LMT Lockheed Martin Corp. | Reduce -77.9% | 1.15% | −1.46 |
| CLX Clorox Company | Reduce -89.6% | 0.39% | −1.18 |
| UL Unilever PLC | Reduce -59.1% | 2.47% | −0.41 |
| VZ Verizon Communications Inc. | Reduce -58.7% | 2.62% | −0.35 |
| GD General Dynamics Corp. | Reduce -58.7% | 2.17% | −0.34 |
| OMC Omnicom Group | Sold out | 0.00% | −0.30 |
| MDT Medtronic PLC | Reduce -58.9% | 1.99% | −0.28 |
| TXN Texas Instruments Inc. | Reduce -58.5% | 2.68% | −0.28 |
| ETR Entergy Corp. | Reduce -66.9% | 2.95% | −0.27 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.25 |
| PSX Phillips 66 | Reduce -59.4% | 1.33% | −0.24 |
| CMCSA Comcast Corp. Class A | Reduce -58.2% | 2.19% | −0.24 |
| LECO Lincoln Electric Holdings | Sold out | 0.00% | −0.23 |
| PFE Pfizer Inc. | Reduce -60.0% | 1.72% | −0.23 |
| DVN Devon Energy Corp. | Reduce -62.9% | 0.68% | −0.23 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.23 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.22 |
| UNH Unitedhealth Group Inc. | Reduce -57.4% | 1.70% | −0.22 |
| XOM Exxon Mobil Corp. | Reduce -58.8% | 2.06% | −0.21 |
| HII Huntington Ingalls Industrie | Sold out | 0.00% | −0.20 |
| ALSN Allison Transmission Holding | Sold out | 0.00% | −0.20 |
| KO The Coca-Cola Co. | Reduce -55.7% | 2.34% | −0.20 |
| TTE Totalenergies SE -Spon ADR | Reduce -56.8% | 1.36% | −0.19 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.19 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.18 |
| UNP Union Pacific Corp. | Reduce -59.2% | 1.69% | −0.17 |
| SNA Snap-on Inc. | Sold out | 0.00% | −0.16 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -57.0% | 1.56% | −0.16 |
| SWKS Skyworks Solutions Inc. | Reduce -58.3% | 1.24% | −0.14 |
| EMN Eastman Chemical Co. | Reduce -64.5% | 0.28% | −0.12 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -67.6% | 0.30% | −0.11 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.11 |
| AMGN Amgen Inc. | Reduce -50.2% | 3.02% | −0.10 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.10 |
| FAX Abrdn Asia-Pacific Income | Sold out | 0.00% | −0.10 |
| PEP Pepsico Inc. | Reduce -56.6% | 1.26% | −0.09 |
| HD Home Depot Inc. | Reduce -58.1% | 2.31% | −0.08 |
| PFG Principal Financial Group | Reduce -64.4% | 0.25% | −0.07 |
| JNJ Johnson & Johnson | Reduce -54.0% | 2.49% | −0.03 |
| COR Cencora Inc. | Reduce -62.3% | 0.25% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -57.4% | 2.36% | −0.03 |
| DGX Quest Diagnostics Inc. | Reduce -60.3% | 0.31% | −0.02 |
| JKHY Jack Henry & Associates Inc. | Reduce -60.4% | 0.35% | −0.02 |
| INGR Ingredion Inc. | Reduce -61.0% | 0.29% | −0.02 |
| PAYX Paychex Inc. | Reduce -62.1% | 0.39% | −0.02 |
| PAI Western Asset Investment Gra | Reduce -44.1% | 0.17% | +0.04 |
Portfolio Buys Q3 2024 → Q4 2024
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 |