Martel Wealth Advisors LLC
Long book
$587.5M
Q1 2026
Positions
73
Top-10 weight
85%
concentration
Last quarter
+8.1%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsMartel Wealth Advisors LLC is a wealth-management firm allocating client money, running a $587.5M US long book across 73 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD CORE BOND ETF, VANGUARD HIGH DVD YIELD ETF, VANGUARD GROWTH ETF, VANGUARD SHORT-TERM BOND ETF, ISHARES CORE MSCI EAFE ETF.
Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.0%
Q2 2024
+5.6%
Q3 2024
+0.3%
Q4 2024
-1.1%
Q1 2025
+7.1%
Q2 2025
+5.5%
Q3 2025
+1.9%
Q4 2025
-1.4%
Q1 2026
+8.1%
Sector allocation
Consumer discretionary 28%
Industrials 19%
Technology 13%
Consumer staples 11%
Other 8%
Financials 5%
Energy 5%
Services media 5%
Long book by quarter
What does Martel Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 33.9K | $7.1M | 1.2% | -0.4% |
| ADM ARCHER-DANIELS-MIDLAND CO | Consumer staples | 39.5K | $2.9M | 0.5% | Held |
| CAT CATERPILLAR INC | Industrials | 4.0K | $2.8M | 0.5% | +33.3% |
| TSLA TESLA INC | Industrials | 4.8K | $1.8M | 0.3% | Held |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 3.6K | $1.2M | 0.2% | Held |
| ECL ECOLAB INC | Other | 3.0K | $798K | 0.1% | Held |
| ITW ILLINOIS TOOL WORKS | Industrials | 3.0K | $781K | 0.1% | Held |
| MSFT MICROSOFT CORP | Technology | 2.0K | $753K | 0.1% | +1.9% |
| CVX CHEVRON CORP | Energy | 3.6K | $741K | 0.1% | +126.6% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.1% | Held |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 9.2K | $679K | 0.1% | New |
| PG PROCTER & GAMBLE CO/THE | Other | 4.6K | $669K | 0.1% | +1.8% |
| AVGO BROADCOM INC | Technology | 2.0K | $607K | 0.1% | Held |
| GOOG ALPHABET INC-CL C | Technology | 2.0K | $579K | 0.1% | New |
| HD HOME DEPOT INC | Consumer discretionary | 1.7K | $551K | 0.1% | Held |
| AAPL APPLE INC | Technology | 2.2K | $548K | 0.1% | Held |
| PEP PEPSICO INC | Consumer staples | 3.1K | $475K | 0.1% | +2.0% |
| OKE ONEOK INC | Utilities | 5.1K | $459K | 0.1% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.8K | $447K | 0.1% | +1.6% |
| ORCL ORACLE CORP | Technology | 3.0K | $441K | 0.1% | Held |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 10.6K | $403K | 0.1% | +47.0% |
| NVDA NVIDIA CORP | Technology | 2.3K | $402K | 0.1% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 5.2K | $400K | 0.1% | -3.7% |
| ACN ACCENTURE PLC-CL A | Services media | 2.0K | $397K | 0.1% | Held |
| PGR PROGRESSIVE CORP | Financials | 2.0K | $396K | 0.1% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 3.0K | $393K | 0.1% | Held |
| TRMB TRIMBLE INC | Other | 6.0K | $391K | 0.1% | Held |
| TGT TARGET CORP | Consumer discretionary | 3.0K | $364K | 0.1% | Held |
| ZTS ZOETIS INC | Healthcare | 3.0K | $355K | 0.1% | Held |
| WMT WALMART INC | Consumer discretionary | 2.7K | $336K | 0.1% | Held |
| COP CONOCOPHILLIPS | Energy | 2.5K | $330K | 0.1% | New |
| LOW LOWE'S COS INC | Consumer discretionary | 1.4K | $319K | 0.1% | New |
| VLO VALERO ENERGY CORP | Energy | 1.3K | $315K | 0.1% | Held |
| SCHW SCHWAB (CHARLES) CORP | Financials | 3.0K | $282K | 0.0% | Held |
| TROW T ROWE PRICE GROUP INC | Financials | 3.0K | $270K | 0.0% | Held |
| ABBV ABBVIE INC | Healthcare | 1.1K | $237K | 0.0% | Held |
| ADP AUTOMATIC DATA PROCESSING | Technology | 1.2K | $237K | 0.0% | +7.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 228 | $227K | 0.0% | New |
| XOM EXXON MOBIL CORP | Energy | 1.3K | $217K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 73 | $587.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 70 | $585.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 14, 2025 | 70 | $570.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 18, 2025 | 70 | $539.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 16, 2025 | 69 | $502.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 16, 2025 | 70 | $512.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 9, 2024 | 53 | $488.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Oct 9, 2024 | 53 | $466.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Oct 9, 2024 | 54 | $461.1M | canonical | SEC ↗ |