Carmel Capital Management L.L.C.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), Carmel Capital Management L.L.C. reported 28 stock positions worth $456.4 million. Its top holding was Applied Materials (AMAT) at 12.6% of the portfolio, followed by Broadcom (AVGO, 11.7%) and Vistra (VST, 8.9%). Compared with Q1 2026, it opened 4 new positions, sold out of 1, added to 12 and reduced 9. The biggest buy was Garrett Motion (GTX, shares +53%) and the biggest sale Broadcom (AVGO, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- CARMEL, CA
- CIK
- 0001878547
- Portfolio Value
- $456.4M (Q2 2026)
- SEC Filing
- 0001754960-26-000626 ↗ filed Jul 23, 2026
Holdings Value
Holdings 28 stocks · $456.4M
| AMAT Applied Materials Inc. | 12.56% | 79,258 | $57.3M | Reduce -10.8% |
| AVGO Broadcom Inc. | 11.70% | 141,369 | $53.4M | Reduce -0.1% |
| VST Vistra Corp. | 8.91% | 256,306 | $40.7M | Add +0.6% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 6.07% | 13,931 | $27.7M | Reduce -0.2% |
| KLAC KLA Corp. | 5.75% | 87,020 | $26.3M | Reduce -27.4% |
| C Citigroup Inc. | 5.44% | 177,259 | $24.8M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 4.46% | 62,144 | $20.3M | Add +0.1% |
| TER Teradyne Inc. | 4.45% | 41,957 | $20.3M | Reduce -16.2% |
| NXPI NXP Semiconductors NV | 4.06% | 65,902 | $18.5M | Add +0.1% |
| GTX Garrett Motion Inc. | 3.82% | 481,650 | $17.5M | Add +53.0% |
| ENS Enersys | 3.78% | 73,760 | $17.2M | Add +0.1% |
| VLO Valero Energy Corp. | 3.76% | 65,933 | $17.2M | Add +25.4% |
| EWBC East West Bancorp Inc. | 3.56% | 125,880 | $16.2M | Reduce -0.2% |
| RBC RBC Bearings Inc. | 3.48% | 24,625 | $15.9M | Reduce -0.3% |
| RTX RTX Corp. | 3.35% | 80,526 | $15.3M | Add +0.4% |
| AAPL Apple Inc. | 3.15% | 49,612 | $14.4M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.76% | 25,145 | $12.6M | Add +0.8% |
| RSPN Invesco S&P 500 Equal Weight | 2.43% | 173,445 | $11.1M | Add +0.7% |
| ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU | 1.89% | 100,490 | $8.6M | Add +1.6% |
| AZO AutoZone Inc. | 1.75% | 2,501 | $8.0M | No change |
| IBN Icici Bank Ltd.-Spon ADR | 1.72% | 270,525 | $7.9M | Add +28.2% |
| SMH Vaneck Semiconductor ETF | 0.71% | 4,937 | $3.2M | No change |
| MSFT Microsoft Corp. | 0.17% | 2,039 | $761K | Reduce -19.7% |
| GLD SPDR Gold Shares | 0.09% | 1,120 | $413K | No change |
| TXN Texas Instruments Inc. | 0.05% | 831 | $248K | New |
| SCHA Schwab US Small-Cap ETF | 0.05% | 6,456 | $233K | New |
| EMR Emerson Electric Co. | 0.05% | 1,500 | $215K | New |
| SCHX Schwab US Large-Cap ETF | 0.05% | 7,200 | $212K | New |
Portfolio Sells Q1 2026 → Q2 2026
| AVGO Broadcom Inc. | Reduce -0.1% | 11.70% | −0.84 |
| EPI Wisdomtree India Earnings | Sold out | 0.00% | −0.60 |
| AAPL Apple Inc. | Reduce -0.1% | 3.15% | −0.46 |
| RBC RBC Bearings Inc. | Reduce -0.3% | 3.48% | −0.37 |
| EWBC East West Bancorp Inc. | Reduce -0.2% | 3.56% | −0.29 |
| MSFT Microsoft Corp. | Reduce -19.7% | 0.17% | −0.10 |
| TER Teradyne Inc. | Reduce -16.2% | 4.45% | +0.20 |
| KLAC KLA Corp. | Reduce -27.4% | 5.75% | +0.70 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -0.2% | 6.07% | +0.79 |
| AMAT Applied Materials Inc. | Reduce -10.8% | 12.56% | +3.86 |
Portfolio Buys Q1 2026 → Q2 2026
| GTX Garrett Motion Inc. | Add +53.0% | 3.82% | +2.19 |
| NXPI NXP Semiconductors NV | Add +0.1% | 4.06% | +0.35 |
| IBN Icici Bank Ltd.-Spon ADR | Add +28.2% | 1.72% | +0.16 |
| ENS Enersys | Add +0.1% | 3.78% | +0.11 |
| TXN Texas Instruments Inc. | New | 0.05% | +0.05 |
| SCHA Schwab US Small-Cap ETF | New | 0.05% | +0.05 |
| EMR Emerson Electric Co. | New | 0.05% | +0.05 |
| SCHX Schwab US Large-Cap ETF | New | 0.05% | +0.05 |
| VLO Valero Energy Corp. | Add +25.4% | 3.76% | +0.04 |
| ROBO Robo Global Robotics and Aut | Add +1.6% | 1.89% | −0.05 |
| C Citigroup Inc. | Add +0.1% | 5.44% | −0.32 |
| RSPN Invesco S&P 500 Equal Weight | Add +0.7% | 2.43% | −0.41 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.8% | 2.76% | −0.67 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 4.46% | −0.77 |
| RTX RTX Corp. | Add +0.4% | 3.35% | −1.08 |
| VST Vistra Corp. | Add +0.6% | 8.91% | −2.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $456.4M | AMAT, AVGO, VST, ASML, KLAC |
| Q1 2026 | 25 | $349.2M | AVGO, VST, AMAT, C, ASML |
| Q4 2025 | 23 | $330.0M | AVGO, VST, AMAT, C, JPM |
| Q3 2025 | 25 | $329.0M | VST, AVGO, JPM, AMAT, C |
| Q2 2025 | 25 | $296.5M | VST, AVGO, JPM, AMAT, C |
| Q1 2025 | 25 | $246.3M | VST, AVGO, JPM, BRK.B, AMAT |
| Q4 2024 | 26 | $264.7M | AVGO, VST, JPM, AMAT, AAPL |
| Q3 2024 | 28 | $266.6M | VST, AVGO, AMAT, NXPI, AAPL |
| Q2 2024 | 27 | $256.7M | AVGO, VST, AMAT, NXPI, ASML |
| Q1 2024 | 30 | $243.4M | AVGO, VST, AMAT, NXPI, ASML |