Carmel Capital Management L.L.C.

CIK

1878547

Location

CARMEL, CA

Portfolio Value

Small $312,609,900

Diversification

Diversified

Filing Date

Global Rank

#3,344 / 8,603 ▲ 215 · as of Mar 2026

Top Industry

Semiconductor Equipment & Materials 21.0%

3Y Alpha vs SPY

+12.2%

Period ended 3 months ago

Filed Apr 24, 2026 · 3mo

18 quarters · since Dec 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+141.6%

SPY

+76.5%

Annualised alpha

+13.3%

Max drawdown

−26.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

21 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.0%

−3.0 pts

Top 5

48.3%

−5.1 pts

Top 10

72.4%

−5.5 pts

HHI

731

Diversified−121

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	43.4%	$135,726,535	8
Financial Services	22.1%	$69,238,749	5
Industrials	13.3%	$41,682,441	3
Utilities	12.3%	$38,320,469	1
Consumer Cyclical	4.5%	$14,166,834	2
Energy	4.2%	$12,992,948	1
Unclassified	0.2%	$481,924	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
RBC	RBC Bearings INC	+4,925	24,708	$13,419,408
NXPI	NXP Semiconductors N.V.	+3,950	65,862	$12,965,593
ENS	EnerSys	+770	73,665	$12,797,083
No positions match the current search.

Trimmed

Positions the filer reduced

12 positions

Ticker	Company	Δ Shares	Shares	Value
TER	Teradyne, Inc	−9,720	50,064	$14,841,973
AMAT	Applied Materials Inc /De	−2,550	88,848	$30,367,357
C	Citigroup Inc	−1,800	177,149	$20,090,468
KLAC	Kla Corp	−1,580	11,987	$1,764,977
AVGO	Broadcom Inc.	−1,415	141,515	$43,800,307
RTX	RTX Corp	−1,140	80,176	$15,465,950
VST	Vistra Corp.	−445	254,909	$38,320,469
ASML	Asml Holding NV	−255	13,963	$18,442,749
JPM	Jpmorgan Chase & Co	−128	62,099	$18,267,041
BRK-B	Berkshire Hathaway Inc	−50	24,950	$11,956,040
AAPL	Apple Inc.	−25	49,662	$12,603,718
AZO	Autozone Inc	−4	2,501	$8,447,827
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
GTX	Garrett Motion Inc.	314,750	$5,719,007
IBN	Icici Bank Ltd	211,000	$5,464,900
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

21 positions · $312,609,900 total · as of Mar 31, 2026

All sectors Consumer Cyclical Energy Financial Services Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AVGO	Broadcom Inc. Technology	Reduced	141,515	-1,415	$43,800,307	−11.5%	14.01%
VST	Vistra Corp. Utilities	Reduced	254,909	-445	$38,320,469	−7.0%	12.26%
AMAT	Applied Materials Inc /De Technology	Reduced	88,848	-2,550	$30,367,357	+29.3%	9.71%
C	Citigroup Inc Financial Services	Reduced	177,149	-1,800	$20,090,468	−3.8%	6.43%
ASML	Asml Holding NV Technology	Reduced	13,963	-255	$18,442,749	+21.2%	5.90%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	62,099	-128	$18,267,041	−8.9%	5.84%
RTX	RTX Corp Industrials	Reduced	80,176	-1,140	$15,465,950	+3.7%	4.95%
TER	Teradyne, Inc Technology	Reduced	50,064	-9,720	$14,841,973	+28.3%	4.75%
EWBC	East West Bancorp Inc Financial Services	Held	126,080	0	$13,460,300	−5.0%	4.31%
RBC	RBC Bearings INC Industrials	Added	24,708	+4,925	$13,419,408	+51.3%	4.29%
VLO	Valero Energy Corp/Tx Energy	Held	52,586	0	$12,992,948	+51.8%	4.16%
NXPI	NXP Semiconductors N.V. Technology	Added	65,862	+3,950	$12,965,593	−3.5%	4.15%
ENS	EnerSys Industrials	Added	73,665	+770	$12,797,083	+19.6%	4.09%
AAPL	Apple Inc. Technology	Reduced	49,662	-25	$12,603,718	−6.7%	4.03%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	24,950	-50	$11,956,040	−4.9%	3.82%
AZO	Autozone Inc Consumer Cyclical	Reduced	2,501	-4	$8,447,827	−0.6%	2.70%
GTX	Garrett Motion Inc. Consumer Cyclical	NEW	314,750	NEW	$5,719,007	NEW	1.83%
IBN	Icici Bank Ltd Financial Services	NEW	211,000	NEW	$5,464,900	NEW	1.75%
KLAC	Kla Corp Technology	Reduced	11,987	-1,580	$1,764,977	+7.1%	0.56%
MSFT	Microsoft Corp Technology	Held	2,539	0	$939,861	−23.5%	0.30%
GLD	Spdr Gold Trust	Held	1,120	0	$481,924	+8.6%	0.15%