Skip to main content
Livermore
Livermore
ZHEN

Martin Capital Partners, LLC

SEC CIK
0001731216
Latest filing
Jul 7, 2026

The latest 13F from Martin Capital Partners, LLC covers Q2 2026 (filed Jul 7, 2026): 72 long positions worth $272.0M. The top 10 holdings make up 35.0% of the portfolio, and the largest is Amgen Inc (AMGN) at 4.1%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
7
Est. +$6.97M
Added
19
Est. +$15.2M
Reduced
43
Est. −$21.0M
Sold out
3
Est. −$9.82M

Top 5 holdings

Share of this quarter's portfolio value

  1. AMGNAmgen Inc
    4.1%$11.0MHistory
  2. CFRCullen/Frost Bankers, Inc.
    4.0%$10.8MHistory
  3. JNJJohnson & Johnson
    3.9%$10.6MHistory
  4. ASMLASML Holding NV
    3.8%$10.3MHistory
  5. CSCOCisco Systems, Inc.
    3.7%$10.1MHistory

Share of portfolio

Top 5 holdings and the other 67 positions, by share of portfolio value

  1. AMGN4.1%
  2. CFR4.0%
  3. JNJ3.9%
  4. ASML3.8%
  5. CSCO3.7%
  6. Other 67 positions80.6%

Biggest buys

New and added positions, by estimated amount bought

  1. PEGPublic Service Enterprise Group Inc
    +$5.50MNewHistory
  2. JKHYJack Henry & Associates Inc
    +$4.91MAddedHistory
  3. PAYXPaychex Inc
    +$4.59MAddedHistory
  4. PGProcter & Gamble Co
    +$2.06MAddedHistory
  5. CMECME Group Inc.
    +$1.89MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. PEGPublic Service Enterprise Group Inc
    +2.02 pp0.0% → 2.0%History
  2. JKHYJack Henry & Associates Inc
    +1.76 pp0.3% → 2.1%History
  3. PAYXPaychex Inc
    +1.70 pp0.2% → 1.9%History
  4. PGProcter & Gamble Co
    +0.77 pp2.0% → 2.7%History
  5. NVONovo Nordisk A S
    +0.52 pp1.6% → 2.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$9.25MSold outHistory
  2. UPSUnited Parcel Service Inc
    −$5.27MReducedHistory
  3. CSCOCisco Systems, Inc.
    −$3.53MReducedHistory
  4. TXNTexas Instruments Inc
    −$2.94MReducedHistory
  5. MKCMcCormick & Co Inc
    −$2.92MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. XOMExxonMobil Holdings Corp
    −3.44 pp3.4% → 0.0%History
  2. UPSUnited Parcel Service Inc
    −1.79 pp1.9% → 0.1%History
  3. MKCMcCormick & Co Inc
    −1.10 pp2.4% → 1.3%History
  4. PSXPhillips 66
    −0.81 pp2.3% → 1.5%History
  5. CVXChevron Corp
    −0.80 pp3.8% → 3.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$272.0M
+$2.87M (+1.1%) vs. prior quarter
Positions
72
+4 vs. prior quarter
Top 10 concentration
35.0%
Top 10 as share of value
Turnover
8.2%
Q2 2026, one quarter
Average holding period
16.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $272.0M (Q2 2026)

Q1 2021: $188.4MQ2 2021: $197.2MQ3 2021: $198.0MQ4 2021: $211.8MQ1 2022: $219.0MQ2 2022: $210.8MQ3 2022: $215.7MQ4 2022: $242.3MQ1 2023: $240.4MQ2 2023: $246.3MQ3 2023: $237.6MQ4 2023: $245.3MQ1 2024: $260.7MQ2 2024: $247.6MQ3 2024: $202.4MQ4 2024: $84.3MQ1 2025: $83.6MQ2 2025: $255.1MQ3 2025: $257.8MQ4 2025: $265.8MQ1 2026: $269.1MQ2 2026: $272.0M
Q1 2021Q2 2026
13F filings of Martin Capital Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 7, 202672$272.0MAMGNCFRJNJvs. Q1 2026SEC
Q1 2026Apr 7, 202668$269.1MAMGNCVXJNJvs. Q4 2025SEC
Q4 2025Jan 6, 202670$265.8MAMGNMSFTASMLvs. Q3 2025SEC
Q3 2025Oct 6, 202570$257.8MAMGNCMECFRvs. Q2 2025SEC
Q2 2025Jul 8, 202575$255.1MJPMCMECFRvs. Q1 2025SEC
Q1 2025Apr 15, 202558$83.6MState Street SPDR Portfolio Short Term Corporate Bond ETFiShares TrAMGNvs. Q4 2024SEC
Q4 2024Jan 27, 202558$84.3MState Street SPDR Portfolio Short Term Corporate Bond ETFiShares TrCFRvs. Q3 2024SEC
Q3 2024Oct 15, 202469$202.4METRAMGNVZvs. Q2 2024SEC
Q2 2024Jul 15, 202471$247.6MULGDAMGNvs. Q1 2024SEC
Q1 2024Apr 5, 202469$260.7MMRKGDCFRvs. Q4 2023SEC
Q4 2023Jan 8, 202470$245.3MJPMAMGNCFRvs. Q3 2023SEC
Q3 2023Oct 13, 202372$237.6MJPMULAMGNvs. Q2 2023SEC
Q2 2023Jul 17, 202372$246.3MULJPMMRKvs. Q1 2023SEC
Q1 2023Apr 5, 202370$240.4MULJPMTXNvs. Q4 2022SEC
Q4 2022Jan 5, 202371$242.3MPFEULXOMvs. Q3 2022SEC
Q3 2022Oct 6, 202277$215.7MPFEULJNJvs. Q2 2022SEC
Q2 2022Jul 8, 202271$210.8MPFEULJNJvs. Q1 2022SEC
Q1 2022Apr 6, 202270$219.0MCVXPFEJNJvs. Q4 2021SEC
Q4 2021Jan 7, 202269$211.8MPFEJPMCSCOvs. Q3 2021SEC
Q3 2021Oct 6, 202168$198.0MPFEJPMUSBvs. Q2 2021SEC
Q2 2021Jul 6, 202168$197.2MJPMPFETXNvs. Q1 2021SEC
Q1 2021Apr 14, 202169$188.4MJPMPFETXN–SEC