Institutional Manager · CIK 0001878547
Carmel Capital Management L.L.C.
CARMEL, CA · File #028-22264
Latest AUM
$330.0M
Positions
23
Top-10 Concentration
69.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
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 |
|---|---|---|---|---|---|
| EXITED | GRAPHIC PACKAGING HLDG CO | 388689101 | -308,050 | -$6.0M | $0 |
| EXITED | FISERV INC | 337738108 | -46,410 | -$6.0M | $0 |
| REDUCE | BROADCOM INC | AVGO | -4,520 | -$1.6M | +$2.4M |
| ADD | ENERSYS | ENS | +6,600 | +$968,550 | +$2.2M |
| ADD | WISDOMTREE TR | WT | +7,400 | +$342,546 | +$272,442 |
| ADD | CITIGROUP INC | C-PR | +2,600 | +$303,394 | +$2.7M |
| ADD | JPMORGAN CHASE & CO. | VYLD | +850 | +$273,887 | +$416,750 |
| ADD | NXP SEMICONDUCTORS N V | NXPI | +1,260 | +$273,496 | -$647,157 |
| ADD | BERKSHIRE HATHAWAY INC DEL | BRK-A | +525 | +$263,891 | -$2,203 |
| ADD | VALERO ENERGY CORP | VLO | +1,450 | +$236,046 | -$381,986 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202523 pos · $330.0M
- 13F HOLDINGS REPORTQ/E Sep 202525 pos · $329.0M
- 13F HOLDINGS REPORTQ/E Jun 202525 pos · $296.5M
- 13F HOLDINGS REPORTQ/E Mar 202525 pos · $246.3M
- 13F HOLDINGS REPORTQ/E Dec 202426 pos · $264.7M
- 13F HOLDINGS REPORTQ/E Sep 202428 pos · $266.6M
- 13F HOLDINGS REPORTQ/E Jun 202427 pos · $256.7M
- 13F HOLDINGS REPORTQ/E Mar 202430 pos · $243.4M
- 13F HOLDINGS REPORTQ/E Dec 202332 pos · $176.6M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | BROADCOM INC | AVGO | 142,930 | $49.5M | 14.99% |
| 2 | VISTRA CORP | VST | 255,354 | $41.2M | 12.48% |
| 3 | APPLIED MATLS INC | 038222105 | 91,398 | $23.5M | 7.12% |
| 4 | CITIGROUP INC | C-PR | 178,949 | $20.9M | 6.33% |
| 5 | JPMORGAN CHASE & CO. | VYLD | 62,227 | $20.1M | 6.08% |
| 6 | KLA CORP | KLAC | 13,567 | $16.5M | 5.00% |
| 7 | ASML HOLDING N V | ASMLF | 14,218 | $15.2M | 4.61% |
| 8 | RTX CORPORATION | RTX | 81,316 | $14.9M | 4.52% |
| 9 | EAST WEST BANCORP INC | EWBC | 126,080 | $14.2M | 4.29% |
| 10 | APPLE INC | AAPL | 49,687 | $13.5M | 4.09% |
| 11 | NXP SEMICONDUCTORS N V | NXPI | 61,912 | $13.4M | 4.07% |
| 12 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 25,000 | $12.6M | 3.81% |
| 13 | TERADYNE INC | TER | 59,784 | $11.6M | 3.51% |
| 14 | ENERSYS | ENS | 72,895 | $10.7M | 3.24% |
| 15 | INVESCO EXCHANGE TRADED FD T | IVZ | 171,635 | $9.7M | 2.95% |
| 16 | RBC BEARINGS INC | RBC | 19,783 | $8.9M | 2.69% |
| 17 | VALERO ENERGY CORP | VLO | 52,586 | $8.6M | 2.59% |
| 18 | AUTOZONE INC | AZO | 2,505 | $8.5M | 2.57% |
| 19 | EXCHANGE TRADED CONCEPTS TRU | 301505707 | 98,940 | $6.9M | 2.08% |
| 20 | WISDOMTREE TR | WT | 137,755 | $6.4M | 1.93% |