# Martel Wealth Advisors LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2039437. Source: https://holderbook.com/funds/2039437-martel-wealth-advisors-llc/

- Reported value: $635.7M
- Positions: 61
- Weight of the ten largest: 86.0%
- Filed: 2026-07-13

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 |
|---|---|---|---|---|---|
| VANGUARD MALVERN FDS | [VCRB](https://holderbook.com/stocks/VCRB/) | $129.2M | 1,672,614 | 20.3% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $125.1M | 1,452,410 | 19.7% | 32 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $118.1M | 747,548 | 18.6% | 32 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $77.6M | 996,458 | 12.2% | 32 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $24.6M | 254,771 | 3.9% | 32 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $17.7M | 74,740 | 2.8% | 32 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $16.3M | 467,996 | 2.6% | 31 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $15.2M | 448,035 | 2.4% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $11.6M | 162,690 | 1.8% | 32 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $11.3M | 104,632 | 1.8% | 32 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $10.6M | 127,681 | 1.7% | 27 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.0M | 33,514 | 1.3% | 32 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $7.3M | 33,392 | 1.1% | 32 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $6.5M | 108,318 | 1.0% | 32 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $5.5M | 18,192 | 0.9% | 32 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $4.5M | 12,427 | 0.7% | 32 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $4.4M | 18,106 | 0.7% | 32 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $3.9M | 81,483 | 0.6% | 19 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $3.9M | 18,352 | 0.6% | 23 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $3.0M | 39,516 | 0.5% | 15 |
| DBX ETF TR | [HYLB](https://holderbook.com/stocks/HYLB/) | $2.7M | 72,929 | 0.4% | 24 |
| SPDR SERIES TRUST | [SPHY](https://holderbook.com/stocks/SPHY/) | $2.3M | 97,475 | 0.4% | 5 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $2.3M | 23,372 | 0.4% | 32 |
| VANECK ETF TRUST | [EMLC](https://holderbook.com/stocks/EMLC/) | $2.2M | 87,596 | 0.4% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.0M | 4,848 | 0.3% | 13 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.0M | 2,918 | 0.3% | 32 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.1M | 11,089 | 0.2% | 32 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.0M | 1,375 | 0.2% | 32 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $870.3K | 2,352 | 0.1% | 25 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $868.5K | 4,340 | 0.1% | 11 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $857.5K | 2,270 | 0.1% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $837.6K | 2,246 | 0.1% | 15 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $835.8K | 3,000 | 0.1% | 7 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $811.4K | 3,000 | 0.1% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.1% | 6 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $739.5K | 8,981 | 0.1% | 15 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $703.1K | 8,395 | 0.1% | 25 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $691.9K | 4,718 | 0.1% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $639.1K | 2,209 | 0.1% | 23 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $632.0K | 3,867 | 0.1% | 32 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $593.4K | 3,580 | 0.1% | 11 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $571.7K | 19,424 | 0.1% | 32 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $513.7K | 2,023 | 0.1% | 7 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $414.2K | 3,059 | 0.1% | 7 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $341.1K | 3,000 | 0.1% | 7 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $340.4K | 2,080 | 0.1% | 1 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $331.5K | 1,273 | 0.1% | 4 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $298.6K | 975 | 0.0% | 11 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $297.7K | 1,350 | 0.0% | 2 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $287.6K | 6,000 | 0.0% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $271.8K | 2,400 | 0.0% | 7 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $266.1K | 7,240 | 0.0% | 10 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $265.6K | 639 | 0.0% | 1 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $252.4K | 3,512 | 0.0% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $243.3K | 967 | 0.0% | 4 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $239.9K | 1,814 | 0.0% | 14 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $224.6K | 606 | 0.0% | 7 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $217.1K | 2,400 | 0.0% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $205.5K | 2,011 | 0.0% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $203.0K | 217 | 0.0% | 2 |
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $201.1K | 2,048 | 0.0% | 1 |

## 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 | +7.5% | +14.8% | -7.3% | 100% |
| Q1 2026 | -1.9% | -4.6% | +2.8% | 100% |
| Q4 2025 | +1.0% | +2.4% | -1.3% | 100% |
| Q3 2025 | +4.9% | +7.8% | -3.0% | 100% |
| Q2 2025 | +6.3% | +10.5% | -4.1% | 100% |
| Q1 2025 | -1.6% | -4.6% | +2.9% | 100% |
| Q4 2024 | -0.6% | +2.1% | -2.7% | 100% |
| Q3 2024 | +5.1% | +5.4% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $635.7M | 61 |
| Q1 2026 | $587.5M | 73 |
| Q4 2025 | $585.6M | 70 |
| Q3 2025 | $570.8M | 70 |
| Q2 2025 | $539.4M | 70 |
| Q1 2025 | $502.0M | 69 |
| Q4 2024 | $512.1M | 70 |
| Q3 2024 | $488.9M | 53 |
| Q2 2024 | $466.1M | 53 |
| Q1 2024 | $461.1M | 54 |
| Q4 2023 | $440.3M | 54 |
| Q3 2023 | $401.9M | 50 |