Martel Wealth Advisors Inc

Martel Wealth Advisors' $587M Q1 2026 13F is a textbook diversification portfolio built primarily from low-cost Vanguard, iShares, and Schwab ETFs across U.S. equities, international equities, emerging markets, Treasury bonds, muni bonds, and preferred securities. Single stocks at the margin — Amazon, Microsoft, Apple, Nvidia, Chevron, Johnson & Johnson, Oracle, Home Depot, and others — appear at token sizes under 0.5% each and represent the residual limit of what an RIA model can express through individual names before crossing into unsystematic risk. The quarter brought no structural changes: six ETF share counts were reduced slightly and six minor single-stock positions were sold (Nvidia, Cisco, Emerson, Trimble, Progressive, Accenture), with six new single-stock token positions entered (Chevron, Alphabet, ONEOK, JNJ, Enterprise Products, SomniGroup). The portfolio is doing exactly what it was designed to do — deliver diversified market exposure at institutional cost with minimal manager-added risk.