# Martin Capital Advisors, LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1904126. Source: https://holderbook.com/funds/1904126-martin-capital-advisors-llp/

- Reported value: $190.8M
- Positions: 77
- Weight of the ten largest: 58.2%
- Filed: 2026-07-24

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $39.6M | 136,849 | 20.8% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $14.1M | 70,489 | 7.4% | 19 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $11.8M | 27,285 | 6.2% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $9.8M | 13,283 | 5.1% | 19 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $8.1M | 20,268 | 4.2% | 19 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $6.8M | 18,295 | 3.5% | 19 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $5.8M | 25,094 | 3.1% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.5M | 15,464 | 2.9% | 19 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.2M | 10,046 | 2.7% | 19 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.3M | 4,608 | 2.3% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.1M | 11,909 | 2.1% | 19 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $3.6M | 11,960 | 1.9% | 19 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $3.3M | 32,114 | 1.7% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.7M | 11,495 | 1.4% | 19 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $2.6M | 28,119 | 1.4% | 19 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.6M | 17,438 | 1.3% | 19 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $2.6M | 13,419 | 1.3% | 19 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $2.5M | 27,473 | 1.3% | 19 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.4M | 2,270 | 1.3% | 19 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.3M | 16,804 | 1.2% | 19 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $2.3M | 30,859 | 1.2% | 19 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $2.2M | 27,800 | 1.2% | 19 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $2.2M | 4,113 | 1.1% | 19 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $2.1M | 2,201 | 1.1% | 6 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.1M | 2,873 | 1.1% | 14 |
| DAVITA INC | [DVA](https://holderbook.com/stocks/DVA/) | $2.0M | 8,864 | 1.0% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7M | 4,835 | 0.9% | 19 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.7M | 2,165 | 0.9% | 11 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $1.6M | 698 | 0.8% | 2 |
| LANTHEUS HLDGS INC | [LNTH](https://holderbook.com/stocks/LNTH/) | $1.6M | 14,268 | 0.8% | 19 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.6M | 13,200 | 0.8% | 19 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $1.5M | 5,920 | 0.8% | 19 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.4M | 2,489 | 0.8% | 5 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $1.4M | 40,099 | 0.7% | 19 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $1.2M | 37,085 | 0.6% | 19 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.1M | 1,687 | 0.6% | 3 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $1.1M | 13,580 | 0.6% | 19 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.1M | 3,361 | 0.6% | 19 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $985.0K | 1,319 | 0.5% | 19 |
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $922.7K | 4,068 | 0.5% | 19 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $869.9K | 2,040 | 0.5% | 19 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $869.1K | 5,275 | 0.5% | 13 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $836.2K | 1,671 | 0.4% | 19 |
| TREX INC | [TREX](https://holderbook.com/stocks/TREX/) | $815.2K | 16,291 | 0.4% | 19 |
| U S PHYSICAL THERAPY | [USPH](https://holderbook.com/stocks/USPH/) | $796.7K | 11,599 | 0.4% | 19 |
| GODADDY INC | [GDDY](https://holderbook.com/stocks/GDDY/) | $775.1K | 9,132 | 0.4% | 19 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $774.0K | 3,030 | 0.4% | 4 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $754.3K | 2,212 | 0.4% | 4 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $718.1K | 5,833 | 0.4% | 19 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $666.6K | 3,145 | 0.3% | 19 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $660.9K | 5,914 | 0.3% | 15 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $659.2K | 1,745 | 0.3% | 5 |
| MORNINGSTAR INC | [MORN](https://holderbook.com/stocks/MORN/) | $655.6K | 4,202 | 0.3% | 19 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $637.0K | 4,405 | 0.3% | 15 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $623.0K | 3,371 | 0.3% | 19 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $615.0K | 7,975 | 0.3% | 19 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $587.5K | 2,421 | 0.3% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $556.5K | 1,492 | 0.3% | 7 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $537.6K | 7,530 | 0.3% | 7 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $521.9K | 3,445 | 0.3% | 4 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $505.8K | 4,335 | 0.3% | 6 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $455.2K | 3,110 | 0.2% | 7 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $454.1K | 1,551 | 0.2% | 11 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $406.0K | 1,980 | 0.2% | 19 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $400.0K | 1,814 | 0.2% | 15 |
| TEXAS ROADHOUSE INC | [TXRH](https://holderbook.com/stocks/TXRH/) | $374.1K | 1,936 | 0.2% | 11 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $365.0K | 651 | 0.2% | 1 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $357.3K | 1,588 | 0.2% | 15 |
| SELLAS LIFE SCIENCES GROUP I | [SLS](https://holderbook.com/stocks/SLS/) | $340.7K | 23,082 | 0.2% | 1 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $334.4K | 7,744 | 0.2% | 19 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $292.6K | 2,947 | 0.2% | 5 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $274.0K | 635 | 0.1% | 1 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $256.2K | 2,244 | 0.1% | 19 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $209.3K | 527 | 0.1% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $208.9K | 105 | 0.1% | 1 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $207.5K | 3,960 | 0.1% | 11 |
| IPG PHOTONICS CORP | [IPGP](https://holderbook.com/stocks/IPGP/) | $204.3K | 1,741 | 0.1% | 2 |

## 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 | +17.7% | +14.8% | +2.9% | 100% |
| Q1 2026 | -6.0% | -4.6% | -1.3% | 100% |
| Q4 2025 | +3.1% | +2.4% | +0.7% | 100% |
| Q3 2025 | +7.6% | +7.8% | -0.2% | 100% |
| Q2 2025 | +8.1% | +10.5% | -2.4% | 100% |
| Q1 2025 | -7.5% | -4.6% | -3.0% | 100% |
| Q4 2024 | +4.3% | +2.1% | +2.2% | 100% |
| Q3 2024 | +5.0% | +5.4% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $190.8M | 77 |
| Q1 2026 | $158.3M | 73 |
| Q4 2025 | $170.5M | 72 |
| Q3 2025 | $165.7M | 74 |
| Q2 2025 | $153.7M | 70 |
| Q1 2025 | $140.2M | 67 |
| Q4 2024 | $155.2M | 69 |
| Q3 2024 | $140.4M | 67 |
| Q2 2024 | $133.3M | 66 |
| Q1 2024 | $127.5M | 67 |
| Q4 2023 | $118.4M | 67 |
| Q3 2023 | $102.8M | 62 |