Institutional Manager · CIK 0002039437

Martel Wealth Advisors Inc

Vancouver, WA · File #028-24375

Latest AUM

$585.6M

Positions

Top-10 Concentration

85.5%

Filings

Portfolio Value Over Time

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	VANGUARD MALVERN FDS	922020748	+61,076	+$4.8M	-$743,629
ADD	VANGUARD BD INDEX FDS	921937827	+44,415	+$3.5M	-$84,033
ADD	VANGUARD WHITEHALL FDS	921946406	+17,498	+$2.5M	+$1.8M
REDUCE	SCHWAB STRATEGIC TR	808524300	-16,549	-$539,828	+$341,018
REDUCE	ISHARES INC	46434G103	-7,836	-$526,735	+$199,838
NEW	TRIMBLE INC	TRMB	+6,000	+$470,100	$0
REDUCE	ISHARES TR	46432F842	-4,950	-$442,827	+$589,227
REDUCE	VANGUARD INDEX FDS	922908736	-775	-$378,091	+$1.9M
REDUCE	VANGUARD TAX-MANAGED FDS	921943858	-4,423	-$276,305	+$479,324
ADD	ISHARES TR	464288414	+2,296	+$245,925	+$61,167

Sector Allocation

Consumer Discretionary

1.8%$10.6M

0.7%$4.4M

0.6%$3.8M

0.6%$3.3M

0.4%$2.1M

0.2%$1.2M

0.1%$821,273

0.1%$787,560

Filing History

Jan 21, 202613F HOLDINGS REPORTQ/E Dec 202570 pos · $585.6M
Oct 14, 202513F HOLDINGS REPORTQ/E Sep 202570 pos · $570.8M
Jul 18, 202513F HOLDINGS REPORTQ/E Jun 202570 pos · $539.4M
Apr 16, 202513F HOLDINGS REPORTQ/E Mar 202569 pos · $502.0M
Jan 16, 202513F HOLDINGS REPORTQ/E Dec 202470 pos · $512.1M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 202441 pos · $288.5M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 202439 pos · $274.5M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 202441 pos · $290.5M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 202437 pos · $262.5M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 202440 pos · $256.3M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 202437 pos · $265.9M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 202439 pos · $243.5M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 202438 pos · $277.1M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 202440 pos · $308.2M
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 202447 pos · $349.2M
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 202450 pos · $411.1M
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 202445 pos · $397.3M
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 202448 pos · $368.9M
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 202447 pos · $422.5M
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 202453 pos · $488.9M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD MALVERN FDS	922020748	1,505,108	$117.2M	20.22%
2	VANGUARD INDEX FDS	922908736	228,862	$111.7M	19.25%
3	VANGUARD WHITEHALL FDS	921946406	726,001	$104.2M	17.97%
4	VANGUARD BD INDEX FDS	921937827	884,339	$69.7M	12.02%
5	ISHARES TR	46432F842	269,109	$24.1M	4.15%
6	VANGUARD SPECIALIZED FUNDS	921908844	77,767	$17.1M	2.95%
7	SCHWAB STRATEGIC TR	808524300	463,758	$15.1M	2.61%
8	SCHWAB STRATEGIC TR	808524409	498,411	$14.8M	2.54%
9	VANGUARD TAX-MANAGED FDS	921943858	183,530	$11.5M	1.98%
10	ISHARES TR	464288414	100,952	$10.8M	1.86%
11	ISHARES INC	46434G103	145,886	$9.8M	1.69%
12	AMAZON COM INC	AMZN	34,047	$7.9M	1.36%
13	VANGUARD INDEX FDS	922908744	34,644	$6.6M	1.14%
14	VANGUARD INTL EQUITY INDEX F	922042858	118,015	$6.3M	1.09%
15	VANGUARD INDEX FDS	922908751	19,422	$5.0M	0.86%
16	VANGUARD INDEX FDS	922908595	13,568	$4.1M	0.71%
17	VANGUARD INDEX FDS	922908611	18,950	$4.0M	0.69%
18	VANGUARD CHARLOTTE FDS	92203J407	74,947	$3.6M	0.62%
19	INVESCO EXCHANGE TRADED FD T	IVZ	18,115	$3.5M	0.60%
20	DBX ETF TR	233051432	69,848	$2.6M	0.44%