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Martel Wealth Advisors LLC — 13F Holdings & Portfolio

CIK 2039437 · latest 13F-HR filed 2026-10-14

Backtest portfolio

Martel Wealth Advisors LLC manages $637.6M in 13F-reported U.S. long-equity assets across 58 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are VUG (20.87%), VCRB (20.40%), VYM (18.48%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 4 new positions and exited 7; 4 existing positions rose in reported value and 17 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$637.6M

Long-equity book

Holdings
58

Distinct positions

Period
2026-09-30

Filed 2026-10-14

Q/Q Activity
+4 / −7 / ↑4 / ↓17

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
VUG20.9% · +2%VCRB20.4% · +6%VYM18.5% · +2%BSV12.7% · +6%IEFA3.8% · -3%VIG2.7% · -1%SCHG2.4% · -4%SCHV2.3% · -7%MUB1.7% · +2%VEA1.7% · -6%IEMG1.6% · -3%AMZN1.3% · -0%VTV1.1% · -3%VWO1.0% · -4%VB0.7% · -9%VBK0.6% · -3%VBR0.6% · -5%BNDX0.6% · -1%RSP0.6% · -2%HYLB0.4% · +1%ADM0.4% · -22%SPHY0.4% · +2%EMLC0.3% · +1%EMB0.3% · +1%TSLA0.3% · 0%VOO0.2% · -30%SPY0.2% · 0%MSFT0.2% · -14%VNQ0.2% · -1%VTI0.1% · 0%ECL0.1% · 0%ITW0.1% · 0%BRK.A0.1% · 0%AAPL0.1% · 0%VSGX0.1% · 0%VEU0.1% · +0%NVDA0.1% · -30%AVGO0.1% · -14%MGV0.1% · +0%SCHX0.1% · +0%JNJ0.1% · 0%VLO0.1% · 0%MU0.1% · newPEP0.1% · 0%QQQ0.1% · newESGU0.1% · 0%CVX0.0% · -57%TROW0.0% · 0%VOT0.0% · 0%EPD0.0% · 0%ABBV0.0% · 0%UNH0.0% · 0%XLE0.0% · newNVO0.0% · 0%SMH0.0% · newPG0.0% · -68%MAR0.0% · 0%VYMI0.0% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 87%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Jan 28, 2026.

Assets Under Management
$1.46B
Discretionary
$1.23B
Employees
13
Accounts
2,787
Address
2001 SE COLUMBIA RIVER DRIVE
STE 200
VANCOUVER, WA 98661
Phone
(360) 694-9940
Website
Name Title / Status Ownership Type
ASPEN STANDARD GROUP, LLC ControlMEMBER
since Dec 2025
75% or moreDomestic Entity
MADASZ, MICHELE, MARIE ControlCHIEF COMPLIANCE OFFICER
since Sep 2020
Less than 5%Individual
MARTEL, MARK, STEPHEN ControlPRESIDENT/CEO
since Nov 1982
Less than 5%Individual
ALPINE INVESORS IX, LP Control
Indirect owner via EVERGREEN SERVICES GROUP TOPCO II, LLC
MEMBER
since Mar 2025
25–50%Domestic Entity
ALPINE INVESTORS IX-A BLOCKER EG II, LLC Control
Indirect owner via ALPINE INVESTORS IX-A SPLITTER EG II, LP
PARTNER
since Mar 2025
75% or moreDomestic Entity
ALPINE INVESTORS IX-A SPLITTER EG II, LP Control
Indirect owner via EVERGREEN SERVICES GROUP TOPCO II, LLC
MEMBER
since Mar 2025
50–75%Domestic Entity
ALPINE INVESTORS IX-A, LP Control
Indirect owner via ALPINE INVESTORS IX-A BLOCKER EG II, LLC
MEMBER
since Mar 2025
75% or moreDomestic Entity
ASPEN STANDARD GROUP INTERMEDIATE CO., LLC Control
Indirect owner via ASPEN STANDARD GROUP, LLC
MEMBER
since Jul 2024
75% or moreDomestic Entity
ASPEN STANDARD GROUP TOPCO LP Control
Indirect owner via ASPEN STANDARD GROUP INTERMEDIATE CO., LLC
MEMBER
since Aug 2024
75% or moreDomestic Entity
EVERGREEN SERVICES GROUP TOPCO II, LLC Control
Indirect owner via ASPEN STANDARD GROUP TOPCO LP
PARTNER
since Mar 2025
75% or moreDomestic Entity
Ownership & leadership changes · 2 filings with changes since Jul 2, 2018

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jan 28, 2026 filing
  • AddedALPINE INVESORS IX, LP · MEMBER · 25–50% · indirect via EVERGREEN SERVICES GROUP TOPCO II, LLC · control person
  • AddedALPINE INVESTORS IX-A BLOCKER EG II, LLC · PARTNER · 75% or more · indirect via ALPINE INVESTORS IX-A SPLITTER EG II, LP · control person
  • AddedALPINE INVESTORS IX-A SPLITTER EG II, LP · MEMBER · 50–75% · indirect via EVERGREEN SERVICES GROUP TOPCO II, LLC · control person
  • AddedALPINE INVESTORS IX-A, LP · MEMBER · 75% or more · indirect via ALPINE INVESTORS IX-A BLOCKER EG II, LLC · control person
  • AddedASPEN STANDARD GROUP INTERMEDIATE CO., LLC · MEMBER · 75% or more · indirect via ASPEN STANDARD GROUP, LLC · control person
  • AddedASPEN STANDARD GROUP TOPCO LP · MEMBER · 75% or more · indirect via ASPEN STANDARD GROUP INTERMEDIATE CO., LLC · control person
  • AddedASPEN STANDARD GROUP, LLC · MEMBER · 75% or more · control person
  • AddedEVERGREEN SERVICES GROUP TOPCO II, LLC · PARTNER · 75% or more · indirect via ASPEN STANDARD GROUP TOPCO LP · control person
  • ChangedMARTEL, MARK, STEPHEN · ownership 75% or more → Less than 5%
Sep 25, 2020 filing
  • No longer listedSCOTT, JULIE, DIANNE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jun 2018
  • AddedMADASZ, MICHELE, MARIE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Jul 2, 2018 filing (earliest on record)
  • ListedMARTEL, MARK, STEPHEN · PRESIDENT/CEO · 75% or more · control person
  • ListedSCOTT, JULIE, DIANNE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 4 →

Top Trims

Show all 17 →

New Positions

Show all 4 →

Exited Positions

Show all 7 →

Martel Wealth Advisors LLC Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD INDEX FDS VUG 922908736 $133.1M 20.87% 1,476,850 SH
2 VANGUARD MALVERN FDS VCRB 922020748 $130.1M 20.40% 1,767,239 SH
3 VANGUARD WHITEHALL FDS VYM 921946406 $117.9M 18.48% 759,398 SH
4 VANGUARD BD INDEX FDS BSV 921937827 $80.8M 12.67% 1,057,128 SH
5 ISHARES TR IEFA 46432F842 $24.0M 3.76% 247,396 SH
6 VANGUARD SPECIALIZED FUNDS VIG 921908844 $17.2M 2.70% 73,804 SH
7 SCHWAB STRATEGIC TR SCHG 808524300 $15.5M 2.43% 430,698 SH
8 SCHWAB STRATEGIC TR SCHV 808524409 $14.5M 2.27% 434,231 SH
9 ISHARES TR MUB 464288414 $10.8M 1.69% 106,576 SH
10 VANGUARD TAX-MANAGED FDS VEA 921943858 $10.7M 1.68% 152,127 SH
11 ISHARES INC IEMG 46434G103 $10.1M 1.58% 124,417 SH
12 AMAZON COM INC AMZN 023135106 $8.3M 1.30% 33,354 SH
13 VANGUARD INDEX FDS VTV 922908744 $7.0M 1.10% 32,386 SH
14 VANGUARD INTL EQUITY INDEX F VWO 922042858 $6.2M 0.97% 104,375 SH
15 VANGUARD INDEX FDS VB 922908751 $4.7M 0.74% 16,630 SH
16 VANGUARD INDEX FDS VBK 922908595 $4.1M 0.64% 12,027 SH
17 VANGUARD INDEX FDS VBR 922908611 $4.0M 0.62% 17,163 SH
18 VANGUARD CHARLOTTE FDS BNDX 92203J407 $3.8M 0.59% 80,474 SH
19 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $3.7M 0.58% 17,896 SH
20 DBX ETF TR HYLB 233051432 $2.6M 0.41% 73,406 SH
21 ARCHER DANIELS MIDLAND CO ADM 039483102 $2.5M 0.38% 30,884 SH
22 SPDR SERIES TRUST SPHY 78468R606 $2.2M 0.35% 99,535 SH
23 VANECK ETF TRUST EMLC 92189H300 $2.2M 0.34% 88,477 SH
24 ISHARES TR EMB 464288281 $2.2M 0.34% 23,702 SH
25 TESLA INC TSLA 88160R101 $1.7M 0.27% 4,848 SH
26 VANGUARD INDEX FDS VOO 922908363 $1.4M 0.22% 2,029 SH
27 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $1.0M 0.16% 1,375 SH
28 MICROSOFT CORP MSFT 594918104 $990.7K 0.16% 1,932 SH
29 VANGUARD INDEX FDS VNQ 922908553 $987.6K 0.15% 11,018 SH
30 VANGUARD INDEX FDS VTI 922908769 $880.2K 0.14% 2,352 SH
31 ECOLAB INC ECL 278865100 $823.7K 0.13% 3,000 SH
32 ILLINOIS TOOL WKS INC ITW 452308109 $771.8K 0.12% 3,000 SH
33 BERKSHIRE HATHAWAY INC DEL BRK.A 084670108 $747.0K 0.12% 1 SH
34 APPLE INC AAPL 037833100 $735.6K 0.12% 2,209 SH
35 VANGUARD WORLD FD VSGX 921910725 $728.1K 0.11% 8,981 SH
36 VANGUARD INTL EQUITY INDEX F VEU 922042775 $698.2K 0.11% 8,415 SH
37 NVIDIA CORPORATION NVDA 67066G104 $689.1K 0.11% 3,017 SH
38 BROADCOM INC AVGO 11135F101 $688.3K 0.11% 1,960 SH
39 VANGUARD WORLD FD MGV 921910840 $625.7K 0.10% 3,884 SH
40 SCHWAB STRATEGIC TR SCHX 808524201 $583.2K 0.09% 19,439 SH
41 JOHNSON & JOHNSON JNJ 478160104 $535.7K 0.08% 2,024 SH
42 VALERO ENERGY CORP VLO 91913Y100 $493.4K 0.08% 1,273 SH
43 MICRON TECHNOLOGY INC MU 595112103 $430.3K 0.07% 404 SH
44 PEPSICO INC PEP 713448108 $387.6K 0.06% 3,059 SH
45 INVESCO QQQ TR QQQ 46090E103 $384.7K 0.06% 520 SH
46 ISHARES TR ESGU 46435G425 $346.9K 0.05% 2,080 SH
47 CHEVRON CORPORATION CVX 166764100 $313.9K 0.05% 1,537 SH
48 PRICE T ROWE GROUP INC TROW 74144T108 $312.1K 0.05% 3,000 SH
49 VANGUARD INDEX FDS VOT 922908538 $284.7K 0.04% 975 SH
50 ENTERPRISE PRODS PARTNERS L EPD 293792107 $257.8K 0.04% 7,240 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-14 $637.6M 58 0001941040-26-000731
2026-06-30 2026-07-13 $635.7M 61 0001214659-26-008472
2026-03-31 2026-05-01 $587.5M 73 0001214659-26-005396
2025-12-31 2026-01-21 $585.6M 70 0001214659-26-000683
Filer Information
Address
2001 SE COLUMBIA RIVER DR
SUITE 200
VANCOUVER, WA 98661
Phone
(360) 694-9940
Filing Manager
Martel Wealth Advisors LLC
VANCOUVER, WA
Signatory
MICHELE MADASZ
CCO