# Martin Capital Partners, LLC

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1731216. Source: https://holderbook.com/funds/1731216-martin-capital-partners-llc/

- Reported value: $279.1M
- Positions: 73
- Weight of the ten largest: 36.4%
- Filed: 2026-10-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $12.9M | 30,552 | 4.6% | 32 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $11.1M | 41,765 | 4.0% | 32 |
| CULLEN FROST BANKERS INC | [CFR](https://holderbook.com/stocks/CFR/) | $10.7M | 70,140 | 3.8% | 26 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $10.6M | 40,624 | 3.8% | 9 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $10.2M | 49,766 | 3.6% | 32 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.1M | 19,736 | 3.6% | 32 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $9.5M | 5,243 | 3.4% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $9.0M | 83,187 | 3.2% | 32 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $8.9M | 54,912 | 3.2% | 1 |
| BLACK HILLS CORP | [BKH](https://holderbook.com/stocks/BKH/) | $8.6M | 123,316 | 3.1% | 14 |
| REINSURANCE GROUP AMER INC | [RGA](https://holderbook.com/stocks/RGA/) | $8.0M | 32,585 | 2.9% | 8 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $7.7M | 27,550 | 2.8% | 32 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $7.7M | 23,175 | 2.7% | 32 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $7.4M | 50,773 | 2.6% | 32 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $7.0M | 25,849 | 2.5% | 14 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $7.0M | 21,008 | 2.5% | 23 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $6.5M | 106,682 | 2.3% | 4 |
| COCA-COLA FEMSA SAB DE CV | [KOF](https://holderbook.com/stocks/KOF/) | $6.1M | 56,825 | 2.2% | 23 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $6.1M | 70,957 | 2.2% | 26 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $6.1M | 132,262 | 2.2% | 13 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $5.9M | 40,971 | 2.1% | 25 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $5.9M | 108,050 | 2.1% | 11 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $5.8M | 55,766 | 2.1% | 15 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $5.5M | 64,295 | 2.0% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $5.5M | 192,106 | 2.0% | 32 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $5.3M | 180,257 | 1.9% | 32 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $5.3M | 53,736 | 1.9% | 28 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $5.2M | 114,156 | 1.9% | 32 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $5.2M | 40,919 | 1.9% | 32 |
| PORTLAND GEN ELEC CO | [POR](https://holderbook.com/stocks/POR/) | $4.8M | 108,585 | 1.7% | 5 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $4.7M | 47,505 | 1.7% | 14 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $4.6M | 90,191 | 1.7% | 32 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $4.6M | 67,847 | 1.6% | 2 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $4.5M | 119,277 | 1.6% | 7 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $3.8M | 46,563 | 1.4% | 31 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $3.7M | 45,903 | 1.3% | 32 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.4M | 12,102 | 1.2% | 14 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $3.3M | 71,278 | 1.2% | 4 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $3.2M | 32,509 | 1.2% | 32 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.8M | 77,947 | 1.0% | 8 |
| PRINCIPAL FINANCIAL GROUP IN | [PFG](https://holderbook.com/stocks/PFG/) | $1.2M | 10,336 | 0.4% | 32 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $1.1M | 4,785 | 0.4% | 31 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $1.1M | 9,762 | 0.4% | 30 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $956.9K | 3,187 | 0.3% | 27 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $950.4K | 2,854 | 0.3% | 32 |
| MSC INDL DIRECT INC | [MSM](https://holderbook.com/stocks/MSM/) | $930.2K | 7,519 | 0.3% | 29 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $681.0K | 20,934 | 0.2% | 6 |
| LINCOLN ELEC HLDGS INC | [LECO](https://holderbook.com/stocks/LECO/) | $628.5K | 2,375 | 0.2% | 6 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $592.2K | 4,043 | 0.2% | 6 |
| INGREDION INC | [INGR](https://holderbook.com/stocks/INGR/) | $534.6K | 5,580 | 0.2% | 23 |
| ALLISON TRANSMISSION HLDGS I | [ALSN](https://holderbook.com/stocks/ALSN/) | $371.0K | 3,276 | 0.1% | 6 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $357.8K | 393 | 0.1% | 6 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $343.4K | 945 | 0.1% | 6 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $321.0K | 4,177 | 0.1% | 2 |
| EASTMAN CHEM CO | [EMN](https://holderbook.com/stocks/EMN/) | $307.6K | 4,744 | 0.1% | 29 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $306.1K | 3,455 | 0.1% | 6 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $294.0K | 3,114 | 0.1% | 6 |
| PROSHARES TR | [REGL](https://holderbook.com/stocks/REGL/) | $290.1K | 3,354 | 0.1% | 6 |
| AMER STATES WTR CO | [AWR](https://holderbook.com/stocks/AWR/) | $285.6K | 3,469 | 0.1% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $278.9K | 241 | 0.1% | 14 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $277.5K | 1,087 | 0.1% | 18 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $265.5K | 7,214 | 0.1% | 6 |
| SPDR SERIES TRUST | [BWZ](https://holderbook.com/stocks/BWZ/) | $262.5K | 9,799 | 0.1% | 32 |
| HORMEL FOODS CORP | [HRL](https://holderbook.com/stocks/HRL/) | $261.6K | 13,117 | 0.1% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $232.6K | 662 | 0.1% | 6 |
| AMDOCS LTD | [DOX](https://holderbook.com/stocks/DOX/) | $224.8K | 3,932 | 0.1% | 2 |
| INVESCO EXCHANGE TRADED FD T | [PRFZ](https://holderbook.com/stocks/PRFZ/) | $223.6K | 4,273 | 0.1% | 2 |
| HANCOCK WHITNEY CORPORATION | [HWC](https://holderbook.com/stocks/HWC/) | $220.4K | 3,060 | 0.1% | 1 |
| WESTERN ASSET INVESTMENT GRA | [PAI](https://holderbook.com/stocks/PAI/) | $218.4K | 19,043 | 0.1% | 32 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $214.8K | 2,299 | 0.1% | 30 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $208.1K | 4,388 | 0.1% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $208.0K | 1,000 | 0.1% | 2 |
| ABRDN ASIA PACIFIC INCOME FU | [FAX](https://holderbook.com/stocks/FAX/) | $171.0K | 13,075 | 0.1% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +3.6% | +14.8% | -11.2% | 100% |
| Q1 2026 | +5.4% | -4.6% | +10.0% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +2.0% | +7.8% | -5.8% | 100% |
| Q2 2025 | -0.7% | +10.5% | -11.2% | 100% |
| Q1 2025 | +1.9% | -4.6% | +6.5% | 100% |
| Q4 2024 | -5.2% | +2.1% | -7.4% | 100% |
| Q3 2024 | +7.4% | +5.4% | +1.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $279.1M | 73 |
| Q2 2026 | $272.0M | 72 |
| Q1 2026 | $269.1M | 68 |
| Q4 2025 | $265.8M | 70 |
| Q3 2025 | $257.8M | 70 |
| Q2 2025 | $255.1M | 75 |
| Q1 2025 | $83.6M | 58 |
| Q4 2024 | $84.3M | 58 |
| Q3 2024 | $202.4M | 69 |
| Q2 2024 | $247.6M | 71 |
| Q1 2024 | $260.7M | 69 |
| Q4 2023 | $245.3M | 70 |