Martin Capital Advisors, LLP
Reported holdings as of Q2 2026, from 19 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $39.6M | 136,849 | -1.11pp | 19q | HELD | |
| NVIDIA CORPORATION | NVDA | $14.1M | 70,489 | -0.31pp | 19q | +0.8%+$108.8K | |
| LAM RESEARCH CORP | LRCX | $11.8M | 27,285 | +2.53pp | 6q | HELD | |
| INVESCO QQQ TR | QQQ | $9.8M | 13,283 | +0.26pp | 19q | -0.5%-$53.0K | |
| INTUITIVE SURGICAL INC | ISRG | $8.1M | 20,268 | -1.61pp | 19q | +1.2%+$92.3K | |
| VANGUARD INDEX FDS | VTI | $6.8M | 18,295 | -0.17pp | 19q | HELD | |
| WILLIAMS SONOMA INC | WSM | $5.8M | 25,094 | +0.24pp | 19q | +2.4%+$135.7K | |
| ALPHABET INC | GOOGL | $5.5M | 15,464 | +0.13pp | 19q | +1.7%+$90.1K | |
| MASTERCARD INCORPORATED | MA | $5.2M | 10,046 | -0.40pp | 19q | +2.1%+$107.9K | |
| COSTCO WHOLESALE CORPORATION | COST | $4.3M | 4,608 | -0.58pp | 19q | +2.3%+$96.4K | |
| VISA INC | V | $4.1M | 11,909 | -0.07pp | 19q | +2.9%+$117.0K | |
| TEXAS INSTRS INC | TXN | $3.6M | 11,960 | +0.45pp | 19q | +3.7%+$127.6K | |
| STARBUCKS CORP | SBUX | $3.3M | 32,114 | -0.10pp | 19q | HELD | |
| AMAZON COM INC | AMZN | $2.7M | 11,495 | -0.04pp | 19q | +2.4%+$64.1K | |
| SCHWAB CHARLES CORP | SCHW | $2.6M | 28,119 | -0.31pp | 19q | HELD | |
| ORACLE CORP | ORCL | $2.6M | 17,438 | -0.22pp | 19q | +3.9%+$95.7K | |
| ISHARES TR | IBB | $2.6M | 13,419 | -0.09pp | 19q | HELD | |
| EDWARDS LIFESCIENCES CORP | EW | $2.5M | 27,473 | -0.02pp | 19q | +4.8%+$112.8K | |
| CATERPILLAR INC | CAT | $2.4M | 2,270 | +0.32pp | 19q | +7.5%+$169.3K | |
| INTEL CORP | INTC | $2.3M | 16,804 | +0.76pp | 19q | HELD | |
| BLOCK INC | XYZ | $2.3M | 30,859 | +0.05pp | 19q | -0.9%-$20.7K | |
| VANGUARD SCOTTSDALE FDS | VCSH | $2.2M | 27,800 | -0.24pp | 19q | HELD | |
| IDEXX LABS INC | IDXX | $2.2M | 4,113 | -0.32pp | 19q | HELD | |
| BLACKROCK INC | BLK | $2.1M | 2,201 | -0.16pp | 6q | +4.9%+$99.1K | |
| APPLIED MATLS INC | AMAT | $2.1M | 2,873 | +0.53pp | 14q | +10.9%+$204.6K | |
| DAVITA INC | DVA | $2.0M | 8,864 | +0.17pp | 19q | HELD | |
| ALPHABET INC | GOOG | $1.7M | 4,835 | +0.02pp | 19q | HELD | |
| CROWDSTRIKE HLDGS INC | CRWD | $1.7M | 2,165 | +0.39pp | 11q | +12.4%+$181.6K | |
| SANDISK CORP | SNDK | $1.6M | 698 | +0.57pp | 2q | +5.3%+$79.6K | |
| LANTHEUS HLDGS INC | LNTH | $1.6M | 14,268 | +0.21pp | 19q | +9.8%+$141.6K | |
| CISCO SYS INC | CSCO | $1.6M | 13,200 | +0.18pp | 19q | +1.8%+$27.0K | |
| INTUIT | INTU | $1.5M | 5,920 | -0.76pp | 19q | +3.0%+$44.4K | |
| ADVANCED MICRO DEVICES INC | AMD | $1.4M | 2,489 | +0.49pp | 5q | +19.7%+$237.6K | |
| CHIPOTLE MEXICAN GRILL INC | CMG | $1.4M | 40,099 | -0.10pp | 19q | HELD | |
| TRACTOR SUPPLY CO | TSCO | $1.2M | 37,085 | -0.49pp | 19q | -4.0%-$49.5K | |
| WESTERN DIGITAL CORP | WDC | $1.1M | 1,687 | +0.28pp | 3q | HELD | |
| NASDAQ INC | NDAQ | $1.1M | 13,580 | -0.17pp | 19q | HELD | |
| STRYKER CORPORATION | SYK | $1.1M | 3,361 | -0.08pp | 19q | +10.6%+$101.4K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $985.0K | 1,319 | -0.03pp | 19q | HELD | |
| DICKS SPORTING GOODS INC | DKS | $922.7K | 4,068 | -0.03pp | 19q | HELD | |
| ISHARES TR | IWV | $869.9K | 2,040 | -0.02pp | 19q | HELD | |
| TOLL BROTHERS INC | TOL | $869.1K | 5,275 | +0.07pp | 13q | +16.4%+$122.7K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $836.2K | 1,671 | -0.08pp | 19q | -2.7%-$23.0K | |
| TREX INC | TREX | $815.2K | 16,291 | +0.05pp | 19q | -1.9%-$16.0K | |
| U S PHYSICAL THERAPY | USPH | $796.7K | 11,599 | -0.18pp | 19q | -8.4%-$72.8K | |
| GODADDY INC | GDDY | $775.1K | 9,132 | -0.07pp | 19q | HELD | |
| CORNING INC | GLW | $774.0K | 3,030 | +0.17pp | 4q | +9.0%+$63.9K | |
| PALO ALTO NETWORKS INC | PANW | $754.3K | 2,212 | +0.23pp | 4q | +36.7%+$202.6K | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $718.1K | 5,833 | -0.16pp | 19q | +7.3%+$48.6K | |
| QUEST DIAGNOSTICS INC | DGX | $666.6K | 3,145 | -0.04pp | 19q | HELD | |
| EBAY INC. | EBAY | $660.9K | 5,914 | +0.01pp | 15q | HELD | |
| BROADCOM INC | AVGO | $659.2K | 1,745 | +0.06pp | 5q | +20.8%+$113.7K | |
| MORNINGSTAR INC | MORN | $655.6K | 4,202 | -0.10pp | 19q | HELD | |
| BANK OF NY MELLON CORP | BNY | $637.0K | 4,405 | -0.01pp | 15q | -4.3%-$28.9K | |
| QUALCOMM INC | QCOM | $623.0K | 3,371 | +0.05pp | 19q | HELD | |
| ISHARES TR | IJH | $615.0K | 7,975 | -0.02pp | 19q | HELD | |
| CBOE GLOBAL MKTS INC | CBOE | $587.5K | 2,421 | -0.06pp | 13q | +16.3%+$82.3K | |
| MICROSOFT CORP | MSFT | $556.5K | 1,492 | -0.04pp | 7q | +4.7%+$25.0K | |
| NETFLIX INC | NFLX | $537.6K | 7,530 | -0.18pp | 7q | HELD | |
| TJX COS INC NEW | TJX | $521.9K | 3,445 | -0.01pp | 4q | +24.5%+$102.9K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $505.8K | 4,335 | -0.07pp | 6q | +21.3%+$88.8K | |
| TAPESTRY INC | TPR | $455.2K | 3,110 | -0.05pp | 7q | -3.1%-$14.6K | |
| GENERAC HLDGS INC | GNRC | $454.1K | 1,551 | +0.05pp | 11q | HELD | |
| ADOBE INC | ADBE | $406.0K | 1,980 | -0.09pp | 19q | -0.9%-$3.7K | |
| LOWES COS INC | LOW | $400.0K | 1,814 | -0.06pp | 15q | HELD | |
| TEXAS ROADHOUSE INC | TXRH | $374.1K | 1,936 | -0.01pp | 11q | HELD | |
| AXON ENTERPRISE INC | AXON | $365.0K | 651 | - | new | NEW | |
| EAGLE MATLS INC | EXP | $357.3K | 1,588 | flat | 15q | HELD | |
| SELLAS LIFE SCIENCES GROUP I | SLS | $340.7K | 23,082 | - | new | NEW | |
| PAYPAL HLDGS INC | PYPL | $334.4K | 7,744 | -0.06pp | 19q | -7.2%-$26.1K | |
| SERVICENOW INC | NOW | $292.6K | 2,947 | +0.01pp | 5q | +33.3%+$73.1K | |
| DELL TECHNOLOGIES INC | DELL | $274.0K | 635 | - | new | NEW | |
| LULULEMON ATHLETICA INC | LULU | $256.2K | 2,244 | -0.09pp | 19q | -2.2%-$5.7K | |
| ANALOG DEVICES INC | ADI | $209.3K | 527 | - | new | NEW | |
| ASML HLDG NV | ASML | $208.9K | 105 | - | new | NEW | |
| ISHARES TR | IGSB | $207.5K | 3,960 | -0.02pp | 11q | HELD | |
| IPG PHOTONICS CORP | IPGP | $204.3K | 1,741 | -0.02pp | 2q | -0.8%-$1.6K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Computer Hardware | $44.8M | 23.5% |
| Semiconductors & Electronics | $25.7M | 13.5% |
| Retail & Consumer | $21.6M | 11.3% |
| Software & IT Services | $17.9M | 9.4% |
| Industrials | $14.8M | 7.8% |
| Medical Devices | $11.6M | 6.1% |
| Funds & ETFs | $10.8M | 5.6% |
| Business Services | $10.2M | 5.4% |
| Capital Markets | $7.7M | 4.1% |
| Biotech & Pharma | $4.1M | 2.1% |
| Healthcare Services | $3.4M | 1.8% |
| Other sectors | $4.8M | 2.5% |
| Not classified | $13.2M | 6.9% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $190.8M | 77 | 5 | 31 | 12 | 1 | 58.2% | 24 |
| Q1 2026 | $158.3M | 73 | 2 | 19 | 23 | 1 | 59.2% | 35 |
| Q4 2025 | $170.5M | 72 | 1 | 31 | 9 | 3 | 59.6% | 26 |
| Q3 2025 | $165.7M | 74 | 4 | 14 | 11 | 0 | 58.1% | 15 |
| Q2 2025 | $153.7M | 70 | 4 | 25 | 8 | 1 | 57.3% | 15 |
| Q1 2025 | $140.2M | 67 | 3 | 4 | 37 | 5 | 59.0% | 31 |
| Q4 2024 | $155.2M | 69 | 3 | 24 | 7 | 1 | 59.4% | 28 |
| Q3 2024 | $140.4M | 67 | 1 | 25 | 4 | 0 | 57.6% | 11 |
| Q2 2024 | $133.3M | 66 | 0 | 11 | 22 | 1 | 57.1% | 31 |
| Q1 2024 | $127.5M | 67 | 0 | 7 | 19 | 0 | 53.4% | 31 |
| Q4 2023 | $118.4M | 67 | 5 | 16 | 13 | 0 | 54.3% | 31 |
| Q3 2023 | $102.8M | 62 | 0 | 32 | 10 | 1 | 56.1% | 16 |
| Q2 2023 | $109.2M | 63 | 3 | 30 | 9 | 2 | 56.1% | 45 |
| Q1 2023 | $96.8M | 62 | 2 | 1 | 43 | 0 | 55.7% | 31 |
| Q4 2022 | $89.4M | 60 | 5 | 39 | 8 | 0 | 54.5% | 44 |
| Q3 2022 | $68.1M | 55 | 0 | 6 | 36 | 5 | 54.0% | 12 |
| Q2 2022 | $113.4M | 60 | 0 | 5 | 4 | 4 | 54.5% | 13 |
| Q1 2022 | $146.0M | 64 | 0 | 26 | 7 | 0 | 56.0% | 35 |
| Q4 2021 | $161.6M | 64 | 0 | 0 | 0 | 0 | 54.7% | 39 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.