# Carmel Capital Management L.L.C.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1878547. Source: https://holderbook.com/funds/1878547-carmel-capital-management-l-l-c/

- Reported value: $456.4M
- Positions: 28
- Weight of the ten largest: 67.2%
- Filed: 2026-07-23

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $57.3M | 79,258 | 12.6% | 19 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $53.4M | 141,369 | 11.7% | 19 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $40.7M | 256,306 | 8.9% | 16 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $27.7M | 13,931 | 6.1% | 19 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $26.3M | 87,020 | 5.8% | 19 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $24.8M | 177,259 | 5.4% | 19 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $20.3M | 62,144 | 4.5% | 19 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $20.3M | 41,957 | 4.4% | 19 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $18.5M | 65,902 | 4.1% | 19 |
| GARRETT MOTION INC | [GTX](https://holderbook.com/stocks/GTX/) | $17.5M | 481,650 | 3.8% | 2 |
| ENERSYS | [ENS](https://holderbook.com/stocks/ENS/) | $17.2M | 73,760 | 3.8% | 19 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $17.2M | 65,933 | 3.8% | 19 |
| EAST WEST BANCORP INC | [EWBC](https://holderbook.com/stocks/EWBC/) | $16.2M | 125,880 | 3.6% | 19 |
| RBC BEARINGS INC | [RBC](https://holderbook.com/stocks/RBC/) | $15.9M | 24,625 | 3.5% | 19 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $15.3M | 80,526 | 3.3% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $14.4M | 49,612 | 3.1% | 19 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $12.6M | 25,145 | 2.8% | 19 |
| INVESCO EXCHANGE TRADED FD T | [RSPN](https://holderbook.com/stocks/RSPN/) | $11.1M | 173,445 | 2.4% | 19 |
| EXCHANGE TRADED CONCEPTS TRU | [ROBO](https://holderbook.com/stocks/ROBO/) | $8.6M | 100,490 | 1.9% | 19 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $8.0M | 2,501 | 1.8% | 19 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $7.9M | 270,525 | 1.7% | 2 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $3.2M | 4,937 | 0.7% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $760.6K | 2,039 | 0.2% | 19 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $412.6K | 1,120 | 0.1% | 10 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $247.7K | 831 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $233.3K | 6,456 | 0.1% | 1 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $214.7K | 1,500 | 0.0% | 1 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $211.9K | 7,200 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +33.7% | +14.8% | +18.9% | 100% |
| Q1 2026 | +4.6% | -4.6% | +9.3% | 100% |
| Q4 2025 | +2.3% | +2.4% | -0.0% | 100% |
| Q3 2025 | +10.8% | +7.8% | +2.9% | 100% |
| Q2 2025 | +20.9% | +10.5% | +10.5% | 100% |
| Q1 2025 | -6.8% | -4.6% | -2.3% | 100% |
| Q4 2024 | +2.6% | +2.1% | +0.5% | 100% |
| Q3 2024 | +4.5% | +5.4% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $456.4M | 28 |
| Q1 2026 | $349.2M | 25 |
| Q4 2025 | $330.0M | 23 |
| Q3 2025 | $329.0M | 25 |
| Q2 2025 | $296.5M | 25 |
| Q1 2025 | $246.3M | 25 |
| Q4 2024 | $264.7M | 26 |
| Q3 2024 | $266.6M | 28 |
| Q2 2024 | $256.7M | 27 |
| Q1 2024 | $243.4M | 30 |
| Q4 2023 | $208.3M | 31 |
| Q3 2023 | $176.6M | 32 |