# EDGAR Filing Document

**Accession Number:** 0001904126
**File Stem:** 0001398344-23-002788
**Filing Date:** 2023-2
**Character Count:** 9321
**Document Hash:** 75cf47c05d0f5d1e6b350939d1e0fbee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-002788.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001398344-23-002788

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Martin Capital Advisors, LLP
- **CENTRAL INDEX KEY:** 0001904126
- **IRS NUMBER:** 742904570

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21657
- **FILM NUMBER:** 23615141

**BUSINESS ADDRESS:**
- **STREET 1:** 1100 NE LOOP 410, #300
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78209
- **BUSINESS PHONE:** 210-694-2100

**MAIL ADDRESS:**
- **STREET 1:** 1100 NE LOOP 410, #300
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78209

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Martin Capital Advisors LLP<br>**Address:** 1100 NE LOOP 410 #300<br>SAN ANTONIO, TX 78209

**Form 13F File Number:** 028-21657

**CRD Number (if applicable):** 000108529

**SEC File Number (if applicable):** 801-121876

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Darby Ivins<br>**Title:** Chief Compliance Officer<br>**Phone:** 210-694-2100

**Signature, Place, and Date of Signing:**

/s/ Darby Ivins  San Antonio, TX  02-09-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 60

**Form 13F Information Table Value Total:** $89441349

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| APPLE INC | COM | 037833100 |  | 19858241 | 152838 | SH |  | SOLE |  | 0 | 0 | 152838 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 5317349 | 20039 | SH |  | SOLE |  | 0 | 0 | 20039 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 4324653 | 16241 | SH |  | SOLE |  | 0 | 0 | 16241 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 3598100 | 18820 | SH |  | SOLE |  | 0 | 0 | 18820 |
| STARBUCKS CORP | COM | 855244109 |  | 3419920 | 34475 | SH |  | SOLE |  | 0 | 0 | 34475 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 3254753 | 9360 | SH |  | SOLE |  | 0 | 0 | 9360 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 2321580 | 27884 | SH |  | SOLE |  | 0 | 0 | 27884 |
| VISA INC | COM CL A | 92826C839 |  | 2293878 | 11041 | SH |  | SOLE |  | 0 | 0 | 11041 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 2206827 | 29350 | SH |  | SOLE |  | 0 | 0 | 29350 |
| INTUIT | COM | 461202103 |  | 2139932 | 5498 | SH |  | SOLE |  | 0 | 0 | 5498 |
| BLOCK INC | CL A | 852234103 |  | 2114126 | 33643 | SH |  | SOLE |  | 0 | 0 | 33643 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 1976645 | 4330 | SH |  | SOLE |  | 0 | 0 | 4330 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1918223 | 25710 | SH |  | SOLE |  | 0 | 0 | 25710 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 1836222 | 13986 | SH |  | SOLE |  | 0 | 0 | 13986 |
| TEXAS INSTRS INC | COM | 882508104 |  | 1791976 | 10846 | SH |  | SOLE |  | 0 | 0 | 10846 |
| IDEXX LABS INC | COM | 45168D104 |  | 1690178 | 4143 | SH |  | SOLE |  | 0 | 0 | 4143 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 1657129 | 7366 | SH |  | SOLE |  | 0 | 0 | 7366 |
| LAM RESEARCH CORP | COM | 512807108 |  | 1531153 | 3643 | SH |  | SOLE |  | 0 | 0 | 3643 |
| ORACLE CORP | COM | 68389X105 |  | 1437480 | 17586 | SH |  | SOLE |  | 0 | 0 | 17586 |
| BLACKROCK INC | COM | 09247X101 |  | 1422575 | 2008 | SH |  | SOLE |  | 0 | 0 | 2008 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1417415 | 16065 | SH |  | SOLE |  | 0 | 0 | 16065 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 1383637 | 12040 | SH |  | SOLE |  | 0 | 0 | 12040 |
| U S PHYSICAL THERAPY | COM | 90337L108 |  | 1102170 | 13602 | SH |  | SOLE |  | 0 | 0 | 13602 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 1054492 | 760 | SH |  | SOLE |  | 0 | 0 | 760 |
| TREX CO INC | COM | 89531P105 |  | 1017317 | 24033 | SH |  | SOLE |  | 0 | 0 | 24033 |
| MORNINGSTAR INC | COM | 617700109 |  | 961443 | 4439 | SH |  | SOLE |  | 0 | 0 | 4439 |
| NASDAQ INC | COM | 631103108 |  | 828777 | 13509 | SH |  | SOLE |  | 0 | 0 | 13509 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 818822 | 5603 | SH |  | SOLE |  | 0 | 0 | 5603 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 804154 | 2510 | SH |  | SOLE |  | 0 | 0 | 2510 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 782834 | 2047 | SH |  | SOLE |  | 0 | 0 | 2047 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 770066 | 10813 | SH |  | SOLE |  | 0 | 0 | 10813 |
| GODADDY INC | CL A | 380237107 |  | 701213 | 9372 | SH |  | SOLE |  | 0 | 0 | 9372 |
| DAVITA INC | COM | 23918K108 |  | 689801 | 9238 | SH |  | SOLE |  | 0 | 0 | 9238 |
| STRYKER CORPORATION | COM | 863667101 |  | 659879 | 2699 | SH |  | SOLE |  | 0 | 0 | 2699 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 633352 | 2870 | SH |  | SOLE |  | 0 | 0 | 2870 |
| CISCO SYS INC | COM | 17275R102 |  | 632659 | 13280 | SH |  | SOLE |  | 0 | 0 | 13280 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 619215 | 1840 | SH |  | SOLE |  | 0 | 0 | 1840 |
| LANTHEUS HLDGS INC | COM | 516544103 |  | 569835 | 11182 | SH |  | SOLE |  | 0 | 0 | 11182 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 535930 | 5224 | SH |  | SOLE |  | 0 | 0 | 5224 |
| INTEL CORP | COM | 458140100 |  | 514169 | 19454 | SH |  | SOLE |  | 0 | 0 | 19454 |
| CATERPILLAR INC | COM | 149123101 |  | 489900 | 2045 | SH |  | SOLE |  | 0 | 0 | 2045 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 487311 | 3115 | SH |  | SOLE |  | 0 | 0 | 3115 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 473943 | 3940 | SH |  | SOLE |  | 0 | 0 | 3940 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 460509 | 5190 | SH |  | SOLE |  | 0 | 0 | 5190 |
| DIAMOND HILL INVT GROUP INC | COM NEW | 25264R207 |  | 434612 | 2349 | SH |  | SOLE |  | 0 | 0 | 2349 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 407439 | 1319 | SH |  | SOLE |  | 0 | 0 | 1319 |
| IPG PHOTONICS CORP | COM | 44980X109 |  | 397709 | 4201 | SH |  | SOLE |  | 0 | 0 | 4201 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 385815 | 1595 | SH |  | SOLE |  | 0 | 0 | 1595 |
| LOWES COS INC | COM | 548661107 |  | 361421 | 1814 | SH |  | SOLE |  | 0 | 0 | 1814 |
| QUALCOMM INC | COM | 747525103 |  | 358239 | 3259 | SH |  | SOLE |  | 0 | 0 | 3259 |
| WINNEBAGO INDS INC | COM | 974637100 |  | 330007 | 6262 | SH |  | SOLE |  | 0 | 0 | 6262 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 314999 | 5992 | SH |  | SOLE |  | 0 | 0 | 5992 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 296108 | 6505 | SH |  | SOLE |  | 0 | 0 | 6505 |
| EBAY INC. | COM | 278642103 |  | 264351 | 6375 | SH |  | SOLE |  | 0 | 0 | 6375 |
| AMAZON COM INC | COM | 023135106 |  | 252084 | 3001 | SH |  | SOLE |  | 0 | 0 | 3001 |
| VMWARE INC | CL A COM | 928563402 |  | 251904 | 2052 | SH |  | SOLE |  | 0 | 0 | 2052 |
| EAGLE MATLS INC | COM | 26969P108 |  | 230096 | 1732 | SH |  | SOLE |  | 0 | 0 | 1732 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 216154 | 624 | SH |  | SOLE |  | 0 | 0 | 624 |
| ZOETIS INC | CL A | 98978V103 |  | 213377 | 1456 | SH |  | SOLE |  | 0 | 0 | 1456 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 207251 | 4160 | SH |  | SOLE |  | 0 | 0 | 4160 |

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