Martin Capital Partners, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 15, 2025), Martin Capital Partners, LLC reported 58 stock positions worth $83.6 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, 3.5%) and Amgen (AMGN, 3.5%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 20 and reduced 34. The biggest buy was a new position in Novo-Nordisk A/S-Spons ADR (NVO) and the biggest sale Coca-Cola (KO, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- EUGENE, OR
- CIK
- 0001731216
- Portfolio Value
- $83.6M (Q1 2025)
- SEC Filing
- 0001731216-25-000002 ↗ filed Apr 15, 2025
Holdings Value
Holdings 58 stocks · $83.6M
| SPSB SS SPDR P St C Corp. ETF | 4.26% | 118,305 | $3.6M | Reduce -2.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 3.52% | 56,263 | $2.9M | Reduce -3.2% |
| AMGN Amgen Inc. | 3.47% | 9,321 | $2.9M | Reduce -4.5% |
| JPM JPMorgan Chase & Co. | 3.31% | 11,280 | $2.8M | Reduce -4.2% |
| ETR Entergy Corp. | 3.29% | 32,225 | $2.8M | Reduce -1.8% |
| CFR Cullen/Frost Bankers Inc. | 3.12% | 20,867 | $2.6M | Reduce -3.0% |
| VZ Verizon Communications Inc. | 3.06% | 56,427 | $2.6M | Add +2.0% |
| SHY iShares 1-3 Year Treasury Bo | 3.01% | 30,394 | $2.5M | Reduce -3.0% |
| CME Cme Group Inc. | 2.95% | 9,310 | $2.5M | Reduce -4.4% |
| JNJ Johnson & Johnson | 2.82% | 14,223 | $2.4M | Reduce -1.9% |
| CSCO Cisco Systems Inc. | 2.73% | 36,990 | $2.3M | Reduce -4.5% |
| UL Unilever PLC | 2.61% | 36,697 | $2.2M | Reduce -0.0% |
| TXN Texas Instruments Inc. | 2.54% | 11,800 | $2.1M | Reduce -2.1% |
| CVX Chevron Corp. | 2.44% | 12,221 | $2.0M | Reduce -3.0% |
| MSFT Microsoft Corp. | 2.41% | 5,368 | $2.0M | Reduce -6.2% |
| STIP iShares 0-5 Year Tips Bond E | 2.39% | 19,326 | $2.0M | Reduce -5.3% |
| PG The Procter & Gamble Co. | 2.37% | 11,607 | $2.0M | Reduce -2.2% |
| XOM Exxon Mobil Corp. | 2.31% | 16,261 | $1.9M | Add +0.6% |
| MDT Medtronic PLC | 2.30% | 21,374 | $1.9M | Add +1.5% |
| GD General Dynamics Corp. | 2.29% | 7,010 | $1.9M | Add +1.1% |
| O Realty Income Corp. | 2.19% | 31,609 | $1.8M | Reduce -1.9% |
| CMCSA Comcast Corp. Class A | 2.18% | 49,401 | $1.8M | Add +0.2% |
| BKH Black Hills Corp. | 2.17% | 29,865 | $1.8M | Reduce -6.6% |
| UPS United Parcel Service Class B | 2.13% | 16,160 | $1.8M | Reduce -2.1% |
| ASML ASML Holding NV-NY Reg SHS | 2.06% | 2,601 | $1.7M | Add +13.2% |
| RGA Reinsurance Group of America | 1.91% | 8,095 | $1.6M | Reduce -3.3% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.90% | 17,332 | $1.6M | Add +3.8% |
| KOF Coca-Cola Femsa Sab-SP ADR | 1.84% | 16,821 | $1.5M | Reduce -0.3% |
| UNP Union Pacific Corp. | 1.76% | 6,237 | $1.5M | Reduce -0.2% |
| UNH Unitedhealth Group Inc. | 1.76% | 2,807 | $1.5M | Reduce -0.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.76% | 21,150 | $1.5M | New |
| RHI Robert Half Inc. | 1.75% | 26,881 | $1.5M | Reduce -5.4% |
| PFE Pfizer Inc. | 1.67% | 55,229 | $1.4M | Add +1.0% |
| HD Home Depot Inc. | 1.67% | 3,805 | $1.4M | Reduce -24.0% |
| TTE Totalenergies SE -Spon ADR | 1.58% | 20,455 | $1.3M | Reduce -2.7% |
| PSX Phillips 66 | 1.45% | 9,804 | $1.2M | Reduce -0.3% |
| PEP Pepsico Inc. | 1.30% | 7,237 | $1.1M | Add +3.3% |
| DEO Diageo PLC-Sponsored ADR | 1.25% | 9,983 | $1.0M | New |
| LYB Lyondellbasell Indu Class A | 1.24% | 14,792 | $1.0M | Reduce -5.4% |
| LMT Lockheed Martin Corp. | 1.18% | 2,212 | $988K | Add +10.5% |
| NKE Nike Inc. Class B | 1.15% | 15,133 | $961K | Reduce -4.1% |
| DVN Devon Energy Corp. | 0.96% | 21,379 | $800K | Add +21.3% |
| IEI iShares 3-7 Year Treasury Bo | 0.85% | 6,038 | $713K | Reduce -2.7% |
| LLY Eli Lilly & Co. | 0.49% | 500 | $413K | No change |
| AAPL Apple Inc. | 0.46% | 1,744 | $387K | Reduce -16.9% |
| PAYX Paychex Inc. | 0.44% | 2,375 | $366K | Add +1.4% |
| COR Cencora Inc. | 0.41% | 1,240 | $345K | Add +31.6% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.38% | 1,720 | $314K | Add +1.7% |
| CLX Clorox Company | 0.36% | 2,060 | $303K | Add +1.2% |
| DGX Quest Diagnostics Inc. | 0.35% | 1,736 | $294K | Add +1.6% |
| PFG Principal Financial Group | 0.34% | 3,359 | $283K | Add +22.3% |
| MSM MSC Industrial Direct Co. Class A | 0.31% | 3,290 | $256K | Add +1.7% |
| CHRW C.H. Robinson Worldwide Inc. | 0.30% | 2,459 | $252K | Add +1.2% |
| EMN Eastman Chemical Co. | 0.28% | 2,632 | $232K | Add +2.6% |
| INGR Ingredion Inc. | 0.27% | 1,686 | $228K | Reduce -6.3% |
| KO The Coca-Cola Co. | 0.27% | 3,130 | $224K | Reduce -90.1% |
| BWZ State Street SPDR Bloomberg | 0.24% | 7,683 | $202K | Reduce -3.1% |
| PAI Western Asset Investment Gra | 0.18% | 11,531 | $148K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| KO The Coca-Cola Co. | Reduce -90.1% | 0.27% | −2.08 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −1.24 |
| HD Home Depot Inc. | Reduce -24.0% | 1.67% | −0.64 |
| RHI Robert Half Inc. | Reduce -5.4% | 1.75% | −0.62 |
| SDY SS SPDR S&P Dividend ETF | Sold out | 0.00% | −0.48 |
| MSFT Microsoft Corp. | Reduce -6.2% | 2.41% | −0.45 |
| UPS United Parcel Service Class B | Reduce -2.1% | 2.13% | −0.34 |
| CFR Cullen/Frost Bankers Inc. | Reduce -3.0% | 3.12% | −0.30 |
| NKE Nike Inc. Class B | Reduce -4.1% | 1.15% | −0.27 |
| RGA Reinsurance Group of America | Reduce -3.3% | 1.91% | −0.21 |
| AAPL Apple Inc. | Reduce -16.9% | 0.46% | −0.16 |
| TXN Texas Instruments Inc. | Reduce -2.1% | 2.54% | −0.15 |
| LYB Lyondellbasell Indu Class A | Reduce -5.4% | 1.24% | −0.13 |
| BKH Black Hills Corp. | Reduce -6.6% | 2.17% | −0.05 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -2.8% | 4.26% | −0.05 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -5.3% | 2.39% | −0.04 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -3.2% | 3.52% | −0.04 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -3.0% | 3.01% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -4.2% | 3.31% | −0.04 |
| INGR Ingredion Inc. | Reduce -6.3% | 0.27% | −0.02 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -2.7% | 0.85% | +0.00 |
| BWZ State Street SPDR Bloomberg | Reduce -3.1% | 0.24% | +0.00 |
| PG The Procter & Gamble Co. | Reduce -2.2% | 2.37% | +0.00 |
| CSCO Cisco Systems Inc. | Reduce -4.5% | 2.73% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -0.8% | 1.76% | +0.06 |
| UNP Union Pacific Corp. | Reduce -0.2% | 1.76% | +0.07 |
| PSX Phillips 66 | Reduce -0.3% | 1.45% | +0.12 |
| UL Unilever PLC | Reduce -0.0% | 2.61% | +0.14 |
| O Realty Income Corp. | Reduce -1.9% | 2.19% | +0.15 |
| TTE Totalenergies SE -Spon ADR | Reduce -2.7% | 1.58% | +0.22 |
| CME Cme Group Inc. | Reduce -4.4% | 2.95% | +0.27 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -0.3% | 1.84% | +0.28 |
| CVX Chevron Corp. | Reduce -3.0% | 2.44% | +0.28 |
| JNJ Johnson & Johnson | Reduce -1.9% | 2.82% | +0.33 |
| ETR Entergy Corp. | Reduce -1.8% | 3.29% | +0.34 |
| AMGN Amgen Inc. | Reduce -4.5% | 3.47% | +0.45 |
Portfolio Buys Q4 2024 → Q1 2025
| NVO Novo-Nordisk A/S-Spons ADR | New | 1.76% | +1.76 |
| DEO Diageo PLC-Sponsored ADR | New | 1.25% | +1.25 |
| VZ Verizon Communications Inc. | Add +2.0% | 3.06% | +0.44 |
| MDT Medtronic PLC | Add +1.5% | 2.30% | +0.30 |
| DVN Devon Energy Corp. | Add +21.3% | 0.96% | +0.27 |
| XOM Exxon Mobil Corp. | Add +0.6% | 2.31% | +0.25 |
| ASML ASML Holding NV-NY Reg SHS | Add +13.2% | 2.06% | +0.17 |
| COR Cencora Inc. | Add +31.6% | 0.41% | +0.16 |
| GD General Dynamics Corp. | Add +1.1% | 2.29% | +0.12 |
| PFG Principal Financial Group | Add +22.3% | 0.34% | +0.09 |
| PAYX Paychex Inc. | Add +1.4% | 0.44% | +0.05 |
| DGX Quest Diagnostics Inc. | Add +1.6% | 0.35% | +0.05 |
| PEP Pepsico Inc. | Add +3.3% | 1.30% | +0.03 |
| LMT Lockheed Martin Corp. | Add +10.5% | 1.18% | +0.03 |
| JKHY Jack Henry & Associates Inc. | Add +1.7% | 0.38% | +0.02 |
| MSM MSC Industrial Direct Co. Class A | Add +1.7% | 0.31% | +0.02 |
| CHRW C.H. Robinson Worldwide Inc. | Add +1.2% | 0.30% | +0.00 |
| EMN Eastman Chemical Co. | Add +2.6% | 0.28% | −0.00 |
| CMCSA Comcast Corp. Class A | Add +0.2% | 2.18% | −0.01 |
| CLX Clorox Company | Add +1.2% | 0.36% | −0.03 |
| PFE Pfizer Inc. | Add +1.0% | 1.67% | −0.05 |
| TROW T Rowe Price Group Inc. | Add +3.8% | 1.90% | −0.34 |
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 |