# EDGAR Filing Document

**Accession Number:** 0001904126
**File Stem:** 0001398344-25-019173
**Filing Date:** 2025-10
**Character Count:** 10640
**Document Hash:** 060aa190809bdf908e159719a823fe4a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-019173.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0001398344-25-019173

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251015

**EFFECTIVENESS DATE**: 20251015

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 742904570

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21657
- **FILM NUMBER:** 251393876

**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:** 09-30-2025

**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 Barncord<br>**Title:** Chief Compliance Officer<br>**Phone:** 210-694-2100

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

/s/ Darby Barncord  San Antonio, TX  10-14-2025<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:** 74

**Form 13F Information Table Value Total:** $165650630

      (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 |  | 36689637 | 144090 | SH |  | SOLE |  | 0 | 0 | 144090 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 13184489 | 70664 | SH |  | SOLE |  | 0 | 0 | 70664 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 8943706 | 19998 | SH |  | SOLE |  | 0 | 0 | 19998 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 8118804 | 13523 | SH |  | SOLE |  | 0 | 0 | 13523 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 6234246 | 18997 | SH |  | SOLE |  | 0 | 0 | 18997 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 5587421 | 9823 | SH |  | SOLE |  | 0 | 0 | 9823 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 4702527 | 24060 | SH |  | SOLE |  | 0 | 0 | 24060 |
| ORACLE CORP | COM | 68389X105 |  | 4700364 | 16713 | SH |  | SOLE |  | 0 | 0 | 16713 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 4193104 | 4530 | SH |  | SOLE |  | 0 | 0 | 4530 |
| VISA INC | COM CL A | 92826C839 |  | 3961032 | 11603 | SH |  | SOLE |  | 0 | 0 | 11603 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 3923538 | 29302 | SH |  | SOLE |  | 0 | 0 | 29302 |
| INTUIT | COM | 461202103 |  | 3894294 | 5702 | SH |  | SOLE |  | 0 | 0 | 5702 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3714354 | 15279 | SH |  | SOLE |  | 0 | 0 | 15279 |
| STARBUCKS CORP | COM | 855244109 |  | 2788331 | 32959 | SH |  | SOLE |  | 0 | 0 | 32959 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 2676836 | 28038 | SH |  | SOLE |  | 0 | 0 | 28038 |
| IDEXX LABS INC | COM | 45168D104 |  | 2628553 | 4114 | SH |  | SOLE |  | 0 | 0 | 4114 |
| BLACKROCK INC | COM | 09290D101 |  | 2419763 | 2075 | SH |  | SOLE |  | 0 | 0 | 2075 |
| BLOCK INC | CL A | 852234103 |  | 2312062 | 31992 | SH |  | SOLE |  | 0 | 0 | 31992 |
| AMAZON COM INC | COM | 023135106 |  | 2279795 | 10383 | SH |  | SOLE |  | 0 | 0 | 10383 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 2267614 | 28370 | SH |  | SOLE |  | 0 | 0 | 28370 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 2125189 | 37369 | SH |  | SOLE |  | 0 | 0 | 37369 |
| TEXAS INSTRS INC | COM | 882508104 |  | 2057409 | 11198 | SH |  | SOLE |  | 0 | 0 | 11198 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 2030528 | 14064 | SH |  | SOLE |  | 0 | 0 | 14064 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 1999972 | 25716 | SH |  | SOLE |  | 0 | 0 | 25716 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 1530859 | 39062 | SH |  | SOLE |  | 0 | 0 | 39062 |
| GODADDY INC | CL A | 380237107 |  | 1224902 | 8952 | SH |  | SOLE |  | 0 | 0 | 8952 |
| NASDAQ INC | COM | 631103108 |  | 1201217 | 13580 | SH |  | SOLE |  | 0 | 0 | 13580 |
| TREX CO INC | COM | 89531P105 |  | 1189159 | 23014 | SH |  | SOLE |  | 0 | 0 | 23014 |
| DAVITA INC | COM | 23918K108 |  | 1177760 | 8864 | SH |  | SOLE |  | 0 | 0 | 8864 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1173911 | 4820 | SH |  | SOLE |  | 0 | 0 | 4820 |
| U S PHYSICAL THERAPY | COM | 90337L108 |  | 1096662 | 12909 | SH |  | SOLE |  | 0 | 0 | 12909 |
| STRYKER CORPORATION | COM | 863667101 |  | 1081654 | 2926 | SH |  | SOLE |  | 0 | 0 | 2926 |
| CATERPILLAR INC | COM | 149123101 |  | 1007264 | 2111 | SH |  | SOLE |  | 0 | 0 | 2111 |
| MORNINGSTAR INC | COM | 617700109 |  | 974906 | 4202 | SH |  | SOLE |  | 0 | 0 | 4202 |
| NETFLIX INC | COM | 64110L106 |  | 938754 | 783 | SH |  | SOLE |  | 0 | 0 | 783 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 930653 | 1397 | SH |  | SOLE |  | 0 | 0 | 1397 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 904435 | 4070 | SH |  | SOLE |  | 0 | 0 | 4070 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 898376 | 1832 | SH |  | SOLE |  | 0 | 0 | 1832 |
| CISCO SYS INC | COM | 17275R102 |  | 892001 | 13037 | SH |  | SOLE |  | 0 | 0 | 13037 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 888342 | 1767 | SH |  | SOLE |  | 0 | 0 | 1767 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 844422 | 5012 | SH |  | SOLE |  | 0 | 0 | 5012 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 773038 | 2040 | SH |  | SOLE |  | 0 | 0 | 2040 |
| MICROSOFT CORP | COM | 594918104 |  | 725130 | 1400 | SH |  | SOLE |  | 0 | 0 | 1400 |
| ADOBE INC | COM | 00724F101 |  | 717670 | 2034 | SH |  | SOLE |  | 0 | 0 | 2034 |
| LANTHEUS HLDGS INC | COM | 516544103 |  | 665642 | 12978 | SH |  | SOLE |  | 0 | 0 | 12978 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 612660 | 9136 | SH |  | SOLE |  | 0 | 0 | 9136 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 599374 | 3145 | SH |  | SOLE |  | 0 | 0 | 3145 |
| INTEL CORP | COM | 458140100 |  | 563774 | 16804 | SH |  | SOLE |  | 0 | 0 | 16804 |
| QUALCOMM INC | COM | 747525103 |  | 560883 | 3371 | SH |  | SOLE |  | 0 | 0 | 3371 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 552368 | 3028 | SH |  | SOLE |  | 0 | 0 | 3028 |
| TOLL BROTHERS INC | COM | 889478103 |  | 548554 | 3971 | SH |  | SOLE |  | 0 | 0 | 3971 |
| EBAY INC. | COM | 278642103 |  | 537924 | 5914 | SH |  | SOLE |  | 0 | 0 | 5914 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 520449 | 7975 | SH |  | SOLE |  | 0 | 0 | 7975 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 501761 | 4605 | SH |  | SOLE |  | 0 | 0 | 4605 |
| APPLIED MATLS INC | COM | 038222105 |  | 495164 | 2418 | SH |  | SOLE |  | 0 | 0 | 2418 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 494424 | 2016 | SH |  | SOLE |  | 0 | 0 | 2016 |
| LOWES COS INC | COM | 548661107 |  | 455876 | 1814 | SH |  | SOLE |  | 0 | 0 | 1814 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 420804 | 2365 | SH |  | SOLE |  | 0 | 0 | 2365 |
| BROADCOM INC | COM | 11135F101 |  | 407769 | 1236 | SH |  | SOLE |  | 0 | 0 | 1236 |
| EAGLE MATLS INC | COM | 26969P108 |  | 370068 | 1588 | SH |  | SOLE |  | 0 | 0 | 1588 |
| TAPESTRY INC | COM | 876030107 |  | 363436 | 3210 | SH |  | SOLE |  | 0 | 0 | 3210 |
| SERVICENOW INC | COM | 81762P102 |  | 340504 | 370 | SH |  | SOLE |  | 0 | 0 | 370 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 321666 | 1936 | SH |  | SOLE |  | 0 | 0 | 1936 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 301154 | 1479 | SH |  | SOLE |  | 0 | 0 | 1479 |
| TJX COS INC NEW | COM | 872540109 |  | 290670 | 2011 | SH |  | SOLE |  | 0 | 0 | 2011 |
| GENERAC HLDGS INC | COM | 368736104 |  | 287593 | 1718 | SH |  | SOLE |  | 0 | 0 | 1718 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 269219 | 1664 | SH |  | SOLE |  | 0 | 0 | 1664 |
| DIAMOND HILL INVT GROUP INC | COM NEW | 25264R207 |  | 264759 | 1891 | SH |  | SOLE |  | 0 | 0 | 1891 |
| ZOETIS INC | CL A | 98978V103 |  | 238428 | 1629 | SH |  | SOLE |  | 0 | 0 | 1629 |
| CORNING INC | COM | 219350105 |  | 228043 | 2780 | SH |  | SOLE |  | 0 | 0 | 2780 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 215531 | 499 | SH |  | SOLE |  | 0 | 0 | 499 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 209999 | 3960 | SH |  | SOLE |  | 0 | 0 | 3960 |
| IPG PHOTONICS CORP | COM | 44980X109 |  | 205973 | 2601 | SH |  | SOLE |  | 0 | 0 | 2601 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 201478 | 3353 | SH |  | SOLE |  | 0 | 0 | 3353 |

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