Martin Capital Partners, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 6, 2026), Martin Capital Partners, LLC reported 70 stock positions worth $265.8 million. Its top holding was Amgen (AMGN) at 3.7% of the portfolio, followed by Microsoft (MSFT, 3.4%) and ASML Holding NV-NY Reg SHS (ASML, 3.4%). Compared with Q3 2025, it opened 1 new position, sold out of 1, added to 31 and reduced 34. The biggest buy was a new position in McCormick & Co.-Non VTG SHRS (MKC) and the biggest sale Verizon Communications (VZ, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- EUGENE, OR
- CIK
- 0001731216
- Portfolio Value
- $265.8M (Q4 2025)
- SEC Filing
- 0001731216-26-000001 ↗ filed Jan 6, 2026
Holdings Value
Holdings 70 stocks · $265.8M
| AMGN Amgen Inc. | 3.74% | 30,353 | $9.9M | Add +0.8% |
| MSFT Microsoft Corp. | 3.45% | 18,952 | $9.2M | Add +19.7% |
| ASML ASML Holding NV-NY Reg SHS | 3.42% | 8,494 | $9.1M | Reduce -0.8% |
| CSCO Cisco Systems Inc. | 3.39% | 116,914 | $9.0M | Reduce -0.7% |
| CFR Cullen/Frost Bankers Inc. | 3.34% | 70,133 | $8.9M | Add +6.3% |
| JNJ Johnson & Johnson | 3.30% | 42,371 | $8.8M | Reduce -2.5% |
| BKH Black Hills Corp. | 3.23% | 123,489 | $8.6M | Reduce -0.8% |
| CME Cme Group Inc. | 3.22% | 31,364 | $8.6M | Add +0.7% |
| UPS United Parcel Service Class B | 3.09% | 82,763 | $8.2M | Reduce -0.8% |
| CVX Chevron Corp. | 2.87% | 49,987 | $7.6M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 2.86% | 23,614 | $7.6M | Reduce -0.8% |
| GD General Dynamics Corp. | 2.71% | 21,393 | $7.2M | Reduce -1.1% |
| UL Unilever PLC-Sponsored ADR | 2.58% | 104,934 | $6.9M | Add +6.1% |
| MDT Medtronic PLC | 2.52% | 69,678 | $6.7M | Add +0.2% |
| TXN Texas Instruments Inc. | 2.49% | 38,104 | $6.6M | Add +0.9% |
| XOM Exxon Mobil Corp. | 2.48% | 54,821 | $6.6M | Add +0.4% |
| O Realty Income Corp. | 2.28% | 107,708 | $6.1M | Reduce -0.2% |
| UNP Union Pacific Corp. | 2.26% | 25,956 | $6.0M | Reduce -1.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.20% | 114,991 | $5.9M | Reduce -2.2% |
| PEP Pepsico Inc. | 2.14% | 39,672 | $5.7M | Add +1.2% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.12% | 55,094 | $5.6M | Reduce -1.1% |
| SPSB SS SPDR P St C Corp. ETF | 2.10% | 184,823 | $5.6M | Add +0.0% |
| RGA Reinsurance Group of America | 2.01% | 26,258 | $5.3M | Add +0.7% |
| PG The Procter & Gamble Co. | 1.98% | 36,743 | $5.3M | Reduce -0.9% |
| POR Portland General Electric Co. | 1.98% | 109,412 | $5.3M | Add +0.1% |
| KOF Coca-Cola Femsa Sab-SP ADR | 1.94% | 54,479 | $5.2M | Add +0.4% |
| DVN Devon Energy Corp. | 1.83% | 132,827 | $4.9M | Reduce -0.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.82% | 91,634 | $4.8M | Add +0.0% |
| VZ Verizon Communications Inc. | 1.80% | 117,656 | $4.8M | Reduce -34.0% |
| NKE Nike Inc. Class B | 1.76% | 73,642 | $4.7M | Add +2.9% |
| PFE Pfizer Inc. | 1.76% | 188,104 | $4.7M | Add +0.7% |
| CLX Clorox Company | 1.72% | 45,223 | $4.6M | Add +751.0% |
| ETR Entergy Corp. | 1.67% | 47,880 | $4.4M | Reduce -30.6% |
| PSX Phillips 66 | 1.64% | 33,801 | $4.4M | Add +0.2% |
| RHI Robert Half Inc. | 1.62% | 158,652 | $4.3M | Reduce -4.3% |
| TTE Totalenergies SE | 1.60% | 64,973 | $4.3M | Add +4.1% |
| MKC McCormick & Co.-Non VTG SHRS | 1.58% | 61,841 | $4.2M | New |
| HD Home Depot Inc. | 1.52% | 11,732 | $4.0M | Reduce -0.3% |
| SHY iShares 1-3 Year Treasury Bo | 1.45% | 46,613 | $3.9M | Reduce -1.7% |
| STIP iShares 0-5 Year Tips Bond E | 1.28% | 33,351 | $3.4M | Add +0.0% |
| LMT Lockheed Martin Corp. | 1.28% | 7,044 | $3.4M | Add +2.5% |
| IEI iShares 3-7 Year Treasury Bo | 0.43% | 9,635 | $1.1M | Reduce -3.0% |
| COR Cencora Inc. | 0.38% | 2,966 | $1.0M | Reduce -0.8% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.36% | 5,197 | $948K | Add +8.5% |
| PFG Principal Financial Group | 0.36% | 10,748 | $948K | Reduce -0.7% |
| SDY SS SPDR S&P Dividend ETF | 0.35% | 6,673 | $929K | Add +49.9% |
| AAPL Apple Inc. | 0.33% | 3,194 | $868K | Add +0.0% |
| DGX Quest Diagnostics Inc. | 0.32% | 4,914 | $853K | Reduce -0.2% |
| PAYX Paychex Inc. | 0.30% | 6,995 | $785K | Add +36.7% |
| MSM MSC Industrial Direct Co. Class A | 0.26% | 8,352 | $702K | Reduce -0.4% |
| CHRW C.H. Robinson Worldwide Inc. | 0.26% | 4,318 | $694K | Reduce -37.4% |
| LECO Lincoln Electric Holdings | 0.22% | 2,448 | $587K | Reduce -11.7% |
| SCHD Schwab US DVD Equity ETF | 0.22% | 21,365 | $586K | Reduce -2.5% |
| INGR Ingredion Inc. | 0.21% | 5,124 | $565K | Add +5.4% |
| CMA Comerica Inc. | 0.21% | 6,335 | $551K | Reduce -17.6% |
| SWK Stanley Black & Decker Inc. | 0.20% | 7,258 | $539K | Add +2.1% |
| LLY Eli Lilly & Co. | 0.17% | 416 | $447K | No change |
| COST Costco Wholesale Corp. | 0.13% | 393 | $339K | No change |
| SNA Snap-on Inc. | 0.13% | 966 | $333K | Add +1.4% |
| ALSN Allison Transmission Holding | 0.12% | 3,223 | $316K | Add +1.9% |
| EMN Eastman Chemical Co. | 0.12% | 4,853 | $310K | Reduce -31.5% |
| HII Huntington Ingalls Industrie | 0.12% | 913 | $310K | Reduce -48.5% |
| HRL Hormel Foods Corp. | 0.11% | 12,365 | $293K | Add +5.8% |
| VIGI Vanguard Int Div App Indx FD | 0.11% | 3,197 | $292K | Reduce -2.5% |
| REGL Prshrs S&P Mid 400 DVD Arist | 0.11% | 3,430 | $289K | Reduce -2.4% |
| BWZ State Street SPDR Bloomberg | 0.11% | 10,395 | $285K | Reduce -8.2% |
| CNP Centerpoint Energy Inc. | 0.10% | 7,081 | $271K | Add +0.0% |
| PAI Western Asset Investment Gra | 0.09% | 19,518 | $244K | No change |
| AVGO Broadcom Inc. | 0.09% | 662 | $229K | Reduce -9.6% |
| FAX Abrdn Asia-Pacific Income | 0.08% | 13,156 | $202K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| VZ Verizon Communications Inc. | Reduce -34.0% | 1.80% | −1.24 |
| ETR Entergy Corp. | Reduce -30.6% | 1.67% | −0.83 |
| RHI Robert Half Inc. | Reduce -4.3% | 1.62% | −0.56 |
| HD Home Depot Inc. | Reduce -0.3% | 1.52% | −0.33 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -2.2% | 2.20% | −0.33 |
| O Realty Income Corp. | Reduce -0.2% | 2.28% | −0.26 |
| OMC Omnicom Group | Sold out | 0.00% | −0.23 |
| PG The Procter & Gamble Co. | Reduce -0.9% | 1.98% | −0.23 |
| CVX Chevron Corp. | Reduce -0.9% | 2.87% | −0.17 |
| GD General Dynamics Corp. | Reduce -1.1% | 2.71% | −0.15 |
| UNP Union Pacific Corp. | Reduce -1.2% | 2.26% | −0.15 |
| TROW T Rowe Price Group Inc. | Reduce -1.1% | 2.12% | −0.10 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -37.4% | 0.26% | −0.09 |
| HII Huntington Ingalls Industrie | Reduce -48.5% | 0.12% | −0.08 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.7% | 1.45% | −0.07 |
| EMN Eastman Chemical Co. | Reduce -31.5% | 0.12% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -0.8% | 2.86% | −0.05 |
| DGX Quest Diagnostics Inc. | Reduce -0.2% | 0.32% | −0.04 |
| MSM MSC Industrial Direct Co. Class A | Reduce -0.4% | 0.26% | −0.04 |
| LECO Lincoln Electric Holdings | Reduce -11.7% | 0.22% | −0.03 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -3.0% | 0.43% | −0.03 |
| BWZ State Street SPDR Bloomberg | Reduce -8.2% | 0.11% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -2.5% | 0.22% | −0.01 |
| REGL Prshrs S&P Mid 400 DVD Arist | Reduce -2.4% | 0.11% | −0.01 |
| AVGO Broadcom Inc. | Reduce -9.6% | 0.09% | −0.01 |
| VIGI Vanguard Int Div App Indx FD | Reduce -2.5% | 0.11% | −0.00 |
| CMA Comerica Inc. | Reduce -17.6% | 0.21% | +0.00 |
| PFG Principal Financial Group | Reduce -0.7% | 0.36% | +0.01 |
| DVN Devon Energy Corp. | Reduce -0.8% | 1.83% | +0.01 |
| COR Cencora Inc. | Reduce -0.8% | 0.38% | +0.01 |
| JNJ Johnson & Johnson | Reduce -2.5% | 3.30% | +0.17 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -0.8% | 3.42% | +0.20 |
| BKH Black Hills Corp. | Reduce -0.8% | 3.23% | +0.25 |
| CSCO Cisco Systems Inc. | Reduce -0.7% | 3.39% | +0.26 |
| UPS United Parcel Service Class B | Reduce -0.8% | 3.09% | +0.38 |
Portfolio Buys Q3 2025 → Q4 2025
| MKC McCormick & Co.-Non VTG SHRS | New | 1.58% | +1.58 |
| CLX Clorox Company | Add +751.0% | 1.72% | +1.46 |
| AMGN Amgen Inc. | Add +0.8% | 3.74% | +0.44 |
| MSFT Microsoft Corp. | Add +19.7% | 3.45% | +0.27 |
| KOF Coca-Cola Femsa Sab-SP ADR | Add +0.4% | 1.94% | +0.19 |
| TTE Totalenergies SE | Add +4.1% | 1.60% | +0.15 |
| POR Portland General Electric Co. | Add +0.1% | 1.98% | +0.11 |
| SDY SS SPDR S&P Dividend ETF | Add +49.9% | 0.35% | +0.11 |
| CFR Cullen/Frost Bankers Inc. | Add +6.3% | 3.34% | +0.10 |
| XOM Exxon Mobil Corp. | Add +0.4% | 2.48% | +0.09 |
| JKHY Jack Henry & Associates Inc. | Add +8.5% | 0.36% | +0.08 |
| RGA Reinsurance Group of America | Add +0.7% | 2.01% | +0.07 |
| PAYX Paychex Inc. | Add +36.7% | 0.30% | +0.04 |
| UL Unilever PLC-Sponsored ADR | Add +6.1% | 2.58% | +0.02 |
| ALSN Allison Transmission Holding | Add +1.9% | 0.12% | +0.01 |
| AAPL Apple Inc. | Add +0.0% | 0.33% | +0.01 |
| PEP Pepsico Inc. | Add +1.2% | 2.14% | +0.01 |
| HRL Hormel Foods Corp. | Add +5.8% | 0.11% | −0.00 |
| SWK Stanley Black & Decker Inc. | Add +2.1% | 0.20% | −0.00 |
| SNA Snap-on Inc. | Add +1.4% | 0.13% | −0.00 |
| CNP Centerpoint Energy Inc. | Add +0.0% | 0.10% | −0.00 |
| INGR Ingredion Inc. | Add +5.4% | 0.21% | −0.02 |
| CME Cme Group Inc. | Add +0.7% | 3.22% | −0.04 |
| LMT Lockheed Martin Corp. | Add +2.5% | 1.28% | −0.05 |
| STIP iShares 0-5 Year Tips Bond E | Add +0.0% | 1.28% | −0.05 |
| MDT Medtronic PLC | Add +0.2% | 2.52% | −0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +0.0% | 1.82% | −0.06 |
| SPSB SS SPDR P St C Corp. ETF | Add +0.0% | 2.10% | −0.07 |
| PFE Pfizer Inc. | Add +0.7% | 1.76% | −0.08 |
| PSX Phillips 66 | Add +0.2% | 1.64% | −0.14 |
| NKE Nike Inc. Class B | Add +2.9% | 1.76% | −0.17 |
| TXN Texas Instruments Inc. | Add +0.9% | 2.49% | −0.20 |
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 |