Carmel Capital Management L.L.C.

CIK

1878547

Location

CARMEL, CA

Portfolio Value

Small $456,372,960

Diversification

Diversified

Filing Date

Global Rank

#4,049 / 8,815 ▲ 323

Top Industry

Semiconductor Equipment & Materials 30.4%

Period ended 4 months ago

Filed Jul 23, 2026 · 3mo

19 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 67.2% of the book (60%+)

Turnover

Low turnover

8.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 17.7 quarters (12+)

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 88.2%; sector active share 34.0% against the combined 13F book's sector weights.

Over time 19 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

28 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

12.6%

+0.0 pts

Top 5

45.0%

+1.7 pts

Top 10

67.2%

+1.1 pts

HHI

642

Diversified+18

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	48.0%	$218,860,288	9
Financial Services	17.9%	$81,836,259	5
Industrials	10.6%	$48,599,462	4
Utilities	8.9%	$40,657,820	1
Consumer Cyclical	5.6%	$25,443,224	2
Unclassified	5.2%	$23,804,317	6
Energy	3.8%	$17,171,590	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

13 positions

Ticker	Company	Δ Shares	Shares	Value
GTX	Garrett Motion Inc.	+166,900	481,650	$17,450,179
KLAC	Kla Corp	+75,033	87,020	$26,254,804
IBN	Icici Bank Ltd	+59,525	270,525	$7,853,340
VLO	Valero Energy Corp	+13,347	65,933	$17,171,590
ROBO	ROBO Global Robotics and Automation Index ETF	+1,550	100,490	$8,607,973
VST	Vistra Corp.	+1,397	256,306	$40,657,820
RSPN	Victory Portfolios II	+1,225	173,445	$11,100,480
RTX	RTX Corp	+350	80,526	$15,278,197
BRK-B	Berkshire Hathaway Inc	+195	25,145	$12,582,306
C	Citigroup Inc	+110	177,259	$24,809,169
ENS	EnerSys	+95	73,760	$17,246,563
JPM	Jpmorgan Chase & Co	+45	62,144	$20,341,595
NXPI	NXP Semiconductors N.V.	+40	65,902	$18,520,439
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
AMAT	Applied Materials Inc	−9,590	79,258	$57,303,534
TER	Teradyne, Inc	−8,107	41,957	$20,300,474
MSFT	Microsoft Corp	−500	2,039	$760,587
EWBC	East West Bancorp Inc	−200	125,880	$16,249,849
AVGO	Broadcom Inc.	−146	141,369	$53,402,139
RBC	RBC Bearings INC	−83	24,625	$15,859,977
AAPL	Apple Inc.	−50	49,612	$14,355,728
ASML	Asml Holding NV	−32	13,931	$27,714,887
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
TXN	Texas Instruments Inc	831	$247,696
SCHA	Schwab U.S. Small-Cap ETF	6,456	$233,255
EMR	Emerson Electric Co	1,500	$214,725
SCHX	Schwab U.S. Large-Cap ETF	7,200	$211,896
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
EPI	WisdomTree India Earnings Fund	51,755	$2,111,604
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

28 tracked positions · $456,372,960 total · filing declares 28 positions · $456,372,109 · as of Jun 30, 2026

All sectors Consumer Cyclical Energy Financial Services Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AMAT	Applied Materials Inc Technology	Reduced	79,258	-9,590	$57,303,534	+88.7%	19	before history	12.56%
AVGO	Broadcom Inc. Technology	Reduced	141,369	-146	$53,402,139	+21.9%	19	before history	11.70%
VST	Vistra Corp. Utilities	Added	256,306	+1,397	$40,657,820	+6.1%	16	$28.13	8.91%
ASML	Asml Holding NV Technology	Reduced	13,931	-32	$27,714,887	+50.3%	19	before history	6.07%
KLAC	Kla Corp Technology	Added	87,020	+75,033	$26,254,804	+48.8%	19	before history	5.75%
C	Citigroup Inc Financial Services	Added	177,259	+110	$24,809,169	+23.5%	19	before history	5.44%
JPM	Jpmorgan Chase & Co Financial Services	Added	62,144	+45	$20,341,595	+11.4%	19	before history	4.46%
TER	Teradyne, Inc Technology	Reduced	41,957	-8,107	$20,300,474	+36.8%	19	before history	4.45%
NXPI	NXP Semiconductors N.V. Technology	Added	65,902	+40	$18,520,439	+42.8%	19	before history	4.06%
GTX	Garrett Motion Inc. Consumer Cyclical	Added	481,650	+166,900	$17,450,179	+205.1%	2	$21.83	3.82%
ENS	EnerSys Industrials	Added	73,760	+95	$17,246,563	+34.8%	19	before history	3.78%
VLO	Valero Energy Corp Energy	Added	65,933	+13,347	$17,171,590	+32.2%	19	before history	3.76%
EWBC	East West Bancorp Inc Financial Services	Reduced	125,880	-200	$16,249,849	+20.7%	19	before history	3.56%
RBC	RBC Bearings INC Industrials	Reduced	24,625	-83	$15,859,977	+18.2%	19	before history	3.48%
RTX	RTX Corp Industrials	Added	80,526	+350	$15,278,197	−1.2%	19	before history	3.35%
AAPL	Apple Inc. Technology	Reduced	49,612	-50	$14,355,728	+13.9%	19	before history	3.15%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	25,145	+195	$12,582,306	+5.2%	19	before history	2.76%
RSPN	Victory Portfolios II	Added	173,445	+1,225	$11,100,480	+11.9%	19	before history	2.43%
ROBO	ROBO Global Robotics and Automation Index ETF	Added	100,490	+1,550	$8,607,973	+27.1%	19	before history	1.89%
AZO	Autozone Inc Consumer Cyclical	Held	2,501	0	$7,993,045	−5.4%	19	before history	1.75%
IBN	Icici Bank Ltd Financial Services	Added	270,525	+59,525	$7,853,340	+43.7%	2	$28.82	1.72%
SMH	VanEck Semiconductor ETF	Held	4,937	0	$3,238,128	+71.1%	19	before history	0.71%
MSFT	Microsoft Corp Technology	Reduced	2,039	-500	$760,587	−19.1%	19	before history	0.17%
GLD	Spdr Gold Trust	Held	1,120	0	$412,585	−14.4%	10	$210.60	0.09%
TXN	Texas Instruments Inc Technology	NEW	831	NEW	$247,696	NEW	1	$277.43	0.05%
SCHA	Schwab U.S. Small-Cap ETF	NEW	6,456	NEW	$233,255	NEW	1	$33.05	0.05%
EMR	Emerson Electric Co Industrials	NEW	1,500	NEW	$214,725	NEW	1	$140.76	0.05%
SCHX	Schwab U.S. Large-Cap ETF	NEW	7,200	NEW	$211,896	NEW	1	$28.56	0.05%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.