Martin Capital Partners, LLC

Portfolio Overview

Martin Capital Partners, LLC disclosed 72 positions worth $272.0M in its Form 13F-HR for Q2 2026, led by $AMGN (AMGEN INC) at 4.0% of the equity portfolio, followed by $CFR and $JNJ. During the quarter the fund opened 7 new positions and exited 3 — including a new stake in $PEG and a full exit from $XOM. The portfolio is most concentrated in Financials (15.5% of disclosed assets). All figures are sourced directly from Martin Capital Partners, LLC’s Form 13F-HR filing with the SEC under CIK 1731216.

• 

  AMGEN INC

  $AMGN

  79.5#53

  Quality

  $11.0M30,426 sh
• 

  CULLEN/FROST BANKERS, INC.

  $CFR

  66.5#522

  Quality

  $10.8M69,851 sh
• 

  JOHNSON & JOHNSON

  $JNJ

  72.8#214

  Quality

  $10.6M41,803 sh
• 

  ASML HOLDING NV

  $ASML

  —

  Quality

  $10.3M5,180 sh
• 

  CISCO SYSTEMS, INC.

  $CSCO

  72.3

  Quality

  $10.1M85,898 sh
• 

  BLACK HILLS CORP /SD/

  $BKH

  53.1

  Quality

  $9.2M123,104 sh
• 

  CME GROUP INC.

  $CME

  74.5

  Quality

  $8.9M40,121 sh
• 

  TEXAS INSTRUMENTS INC

  $TXN

  70.4

  Quality

  $8.3M27,962 sh
• 

  CHEVRON CORP

  $CVX

  54.7

  Quality

  $8.2M49,606 sh
• 

  JPMORGAN CHASE & CO

  $JPM

  35.6

  Quality

  $7.8M23,678 sh

Company	Quality	Value	Shares
AMGEN INC$AMGN	79.5#53	$11.0M	30,426
CULLEN/FROST BANKERS, INC.$CFR	66.5#522	$10.8M	69,851
JOHNSON & JOHNSON$JNJ	72.8#214	$10.6M	41,803
ASML HOLDING NV$ASML	—	$10.3M	5,180
CISCO SYSTEMS, INC.$CSCO	72.3	$10.1M	85,898
BLACK HILLS CORP /SD/$BKH	53.1	$9.2M	123,104
CME GROUP INC.$CME	74.5	$8.9M	40,121
TEXAS INSTRUMENTS INC$TXN	70.4	$8.3M	27,962
CHEVRON CORP$CVX	54.7	$8.2M	49,606
JPMORGAN CHASE & CO$JPM	35.6	$7.8M	23,678

Showing top 10 of 72 holdings.

Full Holdings — Martin Capital Partners, LLC (Q2 2026)

All 72 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$AMGN	AMGEN INC	$11.0M	4.0%	+0%	79.5
2	$CFR	CULLEN/FROST BANKERS, INC.	$10.8M	4.0%	-0%	66.5
3	$JNJ	JOHNSON & JOHNSON	$10.6M	3.9%	-0%	72.8
4	$ASML	ASML HOLDING NV	$10.3M	3.8%	-21%	—
5	$CSCO	CISCO SYSTEMS, INC.	$10.1M	3.7%	-26%	72.3
6	$BKH	BLACK HILLS CORP /SD/	$9.2M	3.4%	-0%	53.1
7	$CME	CME GROUP INC.	$8.9M	3.3%	+27%	74.5
8	$TXN	TEXAS INSTRUMENTS INC	$8.3M	3.1%	-26%	70.4
9	$CVX	CHEVRON CORP	$8.2M	3.0%	-0%	54.7
10	$JPM	JPMORGAN CHASE & CO	$7.8M	2.9%	+1%	35.6
11	$MSFT	MICROSOFT CORP	$7.6M	2.8%	+2%	83.7
12	$GD	GENERAL DYNAMICS CORP	$7.5M	2.8%	-1%	73
13	$PG	PROCTER & GAMBLE Co	$7.4M	2.7%	+38%	72.9
14	$UNP	UNION PACIFIC CORP	$7.0M	2.6%	-0%	74
15	$RGA	REINSURANCE GROUP OF AMERICA INC	$6.9M	2.5%	+13%	53.3
16	$O	REALTY INCOME CORP	$6.7M	2.5%	-0%	74.6
17	$UL	UNILEVER PLC	$6.4M	2.4%	+1%	—
18	$TROW	PRICE T ROWE GROUP INC	$6.4M	2.3%	+2%	75.8
19	$KOF	COCA COLA FEMSA SAB DE CV	$6.1M	2.2%	-0%	—
20	$NVO	NOVO NORDISK A S	$5.8M	2.1%	+3%	—
21	$JKHY	JACK HENRY & ASSOCIATES INC	$5.6M	2.1%	+684%	72.8
22	$POR	PORTLAND GENERAL ELECTRIC CO /OR/	$5.6M	2.1%	-0%	59.2
23	$MDT	Medtronic plc	$5.5M	2.0%	+1%	—
24	$PEG	PUBLIC SERVICE ENTERPRISE GROUP INC	$5.5M	2.0%	NEW	74.6
25	$PEP	PEPSICO INC	$5.5M	2.0%	-0%	62.7
26	$DVN	DEVON ENERGY CORP/DE	$5.5M	2.0%	-0%	70.2
27	$ETR	ENTERGY CORP /DE/	$5.5M	2.0%	-1%	65.1
28	—	SPDR SERIES TRUST - ST SHOR CORP ETF	$5.3M	1.9%	-4%	—
29	$PAYX	PAYCHEX INC	$5.3M	1.9%	+667%	75.1
30	$TTE	TotalEnergies SE	$5.0M	1.8%	-1%	—
31	$VZ	VERIZON COMMUNICATIONS INC	$4.8M	1.8%	-4%	71.6
32	—	ISHARES TR - ISHS 1-5YR INVS	$4.7M	1.7%	-2%	—
33	$PFE	PFIZER INC	$4.5M	1.7%	-0%	69
34	$CLX	CLOROX CO /DE/	$4.4M	1.6%	-0%	63.5
35	$HD	HOME DEPOT, INC.	$4.3M	1.6%	+3%	69.2
36	$PSX	Phillips 66	$4.0M	1.5%	-30%	47.6
37	—	ISHARES TR - 1 3 YR TREAS BD	$3.7M	1.4%	-3%	—
38	$MKC	MCCORMICK & CO INC	$3.5M	1.3%	-46%	73.7
39	—	ISHARES TR - 0-5 YR TIPS ETF	$3.3M	1.2%	-3%	—
40	$NKE	NIKE, Inc.	$3.2M	1.2%	+5%	53.4
41	$PFG	PRINCIPAL FINANCIAL GROUP INC	$1.2M	0.4%	-0%	50.6
42	—	ISHARES TR - 3 7 YR TREAS BD	$1.1M	0.4%	-4%	—
43	$DGX	QUEST DIAGNOSTICS INC	$1.0M	0.4%	-1%	69.1
44	$MSM	MSC INDUSTRIAL DIRECT CO INC	$916,796	0.3%	-8%	50.8
45	$AAPL	Apple Inc.	$825,597	0.3%	-11%	76.1
46	$COR	Cencora, Inc.	$822,059	0.3%	-2%	59.6
47	$LECO	LINCOLN ELECTRIC HOLDINGS INC	$647,945	0.2%	-0%	67.5
48	—	SCHWAB STRATEGIC TR - US DIVIDEND EQ	$637,276	0.2%	-6%	—
49	—	SPDR SERIES TRUST - ST STR SP DIV	$599,133	0.2%	-6%	—
50	$INGR	Ingredion Inc	$487,391	0.2%	+0%	58.3
51	$SNA	Snap-on Inc	$384,695	0.1%	-0%	69.3
52	$COST	COSTCO WHOLESALE CORP /NEW	$367,640	0.1%	+0%	67
53	$ALSN	Allison Transmission Holdings Inc	$367,533	0.1%	+1%	68.5
54	$SWK	STANLEY BLACK & DECKER, INC.	$328,385	0.1%	-52%	52.4
55	$HRL	HORMEL FOODS CORP /DE/	$327,649	0.1%	+1%	58.4
56	$EMN	EASTMAN CHEMICAL CO	$325,389	0.1%	+0%	49.4
57	$GGG	GRACO INC	$320,058	0.1%	NEW	67.2
58	$CNP	CENTERPOINT ENERGY INC	$317,837	0.1%	+1%	55.9
59	$CAT	CATERPILLAR INC	$313,081	0.1%	+0%	67.8
60	—	PROSHARES TR - S&P MDCP 400 DIV	$298,793	0.1%	-6%	—
61	$AWR	AMERICAN STATES WATER CO	$290,858	0.1%	NEW	60.3
62	$LLY	ELI LILLY & Co	$289,063	0.1%	-34%	89.3
63	—	VANGUARD WHITEHALL FDS - INTL DVD ETF	$285,557	0.1%	-6%	—
64	—	SPDR SERIES TRUST - SST SPDR BLOOMBE	$257,656	0.1%	-2%	—
65	$AVGO	Broadcom Inc.	$250,143	0.1%	+0%	86.4
66	$UPS	UNITED PARCEL SERVICE INC	$247,143	0.1%	-96%	58.2
67	—	INVESCO EXCHANGE TRADED FD T - RAFI US 1500	$238,306	0.1%	NEW	—
68	$PAI	Western Asset Investment Grade Income Fund Inc.	$230,804	0.1%	-2%	—
69	$IVZ	Invesco Ltd.	$212,770	0.1%	NEW	—
70	—	CAPITAL GROUP GROWTH ETF - SHS CREAT UNIT	$207,114	0.1%	NEW	—
71	$DOX	AMDOCS LTD	$200,897	0.1%	NEW	—
72	$FAX	ABRDN ASIA-PACIFIC INCOME FUND, INC.	$192,334	0.1%	-1%	—