Carmel Capital Management L.L.C.

CIK 1878547 · View on SEC EDGAR ↗

Portfolio value
$456.4M
#4,020 of 9,443 by 13F value · top 42.6%
Positions
28
As of
June 30, 2026

Portfolio value QoQ: +30.7% 13F does not disclose cash

Top 10 holdings weight
67.22%
Top 25 holdings weight
99.86%
Positions above 1%
21
Effective number of positions
15.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 3.32% Est. buys $35,457,003 · sells $13,366,732

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 87.5% still held

New positions
4
Increased
13
Decreased
8
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+74.9%
S&P 500 total return (same window)
+28.1%
Excess return
+46.8%

Annualized: +45.3% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 89.1% · Options excluded: 0.0%

Sector breakdown

Technology
48.0%
Financials
15.2%
Industrials
10.6%
Utilities
8.9%
Consumer Discretionary
4.5%
Energy
3.8%
Retail
1.8%
Other/Unmapped
7.3%

Full portfolio 28 positions

Type Streak 8Q trend
AMAT Applied Materials, Inc. - Common Stock $57,303,534 12.56% 79,258 $26,936,176 Down ×3
AVGO Broadcom Inc. - Common Stock $53,402,140 11.70% 141,369 $9,601,832 Down ×6
VST Vistra Corp. Common Stock $40,657,821 8.91% 256,306 $2,337,351 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $27,714,889 6.07% 13,931 $9,272,140 Down ×2
KLAC KLA Corporation - Common Stock $26,254,804 5.75% 87,020 $8,605,025 Up ×1
C Citigroup, Inc. Common Stock $24,809,170 5.44% 177,259 $4,718,702 Up ×1
JPM JP Morgan Chase & Co. Common Stock $20,341,596 4.46% 62,144 $2,074,554 Up ×1
TER Teradyne, Inc. - Common Stock $20,300,475 4.45% 41,957 $5,458,502 Down ×2
NXPI NXP Semiconductors N.V. - Common Stock $18,520,439 4.06% 65,902 $5,554,846 Up ×4
GTX Garrett Motion Inc. - Common Stock $17,450,180 3.82% 481,650 $11,731,172 Up ×1
ENS EnerSys Common Stock $17,246,563 3.78% 73,760 $4,449,479 Up ×4
VLO Valero Energy Corporation Common Stock $17,171,591 3.76% 65,933 $4,178,642 Up ×1
EWBC East West Bancorp, Inc. - Common Stock $16,249,849 3.56% 125,880 $2,789,548 Down ×1
RBC RBC Bearings Incorporated Common Stock $15,859,977 3.48% 24,625 $2,440,568 Down ×1
RTX RTX Corporation Common Stock $15,278,198 3.35% 80,526 $-187,752 Up ×1
AAPL Apple Inc. - Common Stock $14,355,728 3.15% 49,612 $1,752,009 Down ×2
BRKB $12,582,307 2.76% 25,145 $626,267 Up ×1
RSPN $11,099,613 2.43% 173,445 $1,183,185 Up ×5
ROBO $8,607,973 1.89% 100,490 $1,837,509 Up ×1
AZO AutoZone, Inc. Common Stock $7,993,046 1.75% 2,501 $-454,782
IBN ICICI Bank Limited Common Stock $7,853,341 1.72% 270,525 $2,388,441 Up ×1
SMH SMH $3,238,129 0.71% 4,937 $1,345,283
MSFT Microsoft Corporation - Common Stock $760,588 0.17% 2,039 $-179,274 Down ×1
GLD $412,586 0.09% 1,120 $-69,339
TXN Texas Instruments Incorporated - Common Stock $247,696 0.05% 831 Up ×1
SCHA $233,255 0.05% 6,456 Up ×1
EMR Emerson Electric Company Common Stock $214,725 0.05% 1,500 Up ×1
SCHX $211,896 0.05% 7,200 Up ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
NXPI $18,520,439 4.06% up ×4
ENS $17,246,563 3.78% up ×4
RSPN $11,099,613 2.43% up ×5

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
TXN $247,696 831 0.05%
SCHA $233,255 6,456 0.05%
EMR $214,725 1,500 0.05%
SCHX $211,896 7,200 0.05%

Top movers (QoQ)

Security Action Shares Δ Value Δ
AMAT Trimmed -10K +$26.9M
GTX Bought more +167K +$11.7M
AVGO Trimmed -146 +$9.6M
ASML Trimmed -32 +$9.3M
KLAC Bought more +75K +$8.6M
NXPI Bought more +40 +$5.6M
TER Trimmed -8K +$5.5M
C Bought more +110 +$4.7M
ENS Bought more +95 +$4.4M
VLO Bought more +13K +$4.2M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
GPK Dec. 31, 2025 308,050 $6,028,539 -22.4%
FISV Dec. 31, 2025 46,410 $5,983,641 -23.3%
XBI March 31, 2025 25,594 $2,304,996 No longer tracked
EPI June 30, 2026 51,755 $2,111,604 No longer tracked