Carmel Capital Management L.L.C.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 22, 2024), Carmel Capital Management L.L.C. reported 30 stock positions worth $243.4 million. Its top holding was Broadcom (AVGO) at 10.1% of the portfolio, followed by Vistra (VST, 7.7%) and Applied Materials (AMAT, 7.5%). Compared with Q4 2023, it opened 1 new position, sold out of 2, added to 15 and reduced 9. The biggest buy was Vistra (VST, shares +7%) and the biggest sale Apple (AAPL, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- CARMEL, CA
- CIK
- 0001878547
- Portfolio Value
- $243.4M (Q1 2024)
- SEC Filing
- 0001754960-24-000158 ↗ filed Apr 22, 2024
Holdings Value
Holdings 30 stocks · $243.4M
| AVGO Broadcom Inc. | 10.14% | 18,629 | $24.7M | Reduce -9.7% |
| VST Vistra Corp. | 7.73% | 269,955 | $18.8M | Add +7.1% |
| AMAT Applied Materials Inc. | 7.52% | 88,770 | $18.3M | Add +0.1% |
| NXPI NXP Semiconductors NV | 6.64% | 65,245 | $16.2M | Add +0.1% |
| ASML ASML Holding NV-NY Reg SHS | 6.20% | 15,553 | $15.1M | No change |
| JPM JPMorgan Chase & Co. | 5.14% | 62,433 | $12.5M | Add +0.7% |
| KLAC KLA Corp. | 4.99% | 17,373 | $12.1M | Reduce -0.1% |
| GPK Graphic Packaging Holding Co. | 4.53% | 377,875 | $11.0M | Add +3.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.21% | 24,388 | $10.3M | Add +0.3% |
| AAPL Apple Inc. | 4.05% | 57,507 | $9.9M | Reduce -12.1% |
| EWBC East West Bancorp Inc. | 4.03% | 123,860 | $9.8M | Add +0.2% |
| AZO AutoZone Inc. | 3.52% | 2,718 | $8.6M | No change |
| RSPN Invesco S&P 500 Equal Weight | 3.49% | 178,190 | $8.5M | Add +0.2% |
| VLO Valero Energy Corp. | 3.38% | 48,191 | $8.2M | Add +0.4% |
| C Citigroup Inc. | 3.33% | 127,975 | $8.1M | Add +0.2% |
| TER Teradyne Inc. | 3.24% | 69,825 | $7.9M | Reduce -0.8% |
| RTX RTX Corp. | 3.21% | 80,226 | $7.8M | Add +1.0% |
| FISV Fiserv Inc. | 2.46% | 37,490 | $6.0M | Add +0.8% |
| ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU | 2.38% | 98,860 | $5.8M | Add +0.7% |
| EPI Wisdomtree India Earnings | 2.30% | 128,405 | $5.6M | Add +0.2% |
| RBC RBC Bearings Inc. | 2.23% | 20,078 | $5.4M | No change |
| ENS Enersys | 1.89% | 48,650 | $4.6M | Reduce -0.8% |
| XBI SS SPDR S&P Biotech ETF | 1.59% | 40,759 | $3.9M | Add +81.3% |
| SMH Vaneck Semiconductor ETF | 0.47% | 5,072 | $1.1M | No change |
| MSFT Microsoft Corp. | 0.44% | 2,539 | $1.1M | Reduce -0.2% |
| AVO Mission Produce Inc. | 0.39% | 80,700 | $958K | Reduce -13.3% |
| JNJ Johnson & Johnson | 0.21% | 3,260 | $516K | Reduce -0.5% |
| EMR Emerson Electric Co. | 0.12% | 2,550 | $289K | No change |
| GLD SPDR Gold Shares | 0.08% | 1,005 | $207K | New |
| SCHA Schwab US Small-Cap ETF | 0.08% | 4,094 | $202K | Reduce -4.8% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -12.1% | 4.05% | −1.99 |
| AVGO Broadcom Inc. | Reduce -9.7% | 10.14% | −0.91 |
| ENS Enersys | Reduce -0.8% | 1.89% | −0.49 |
| TER Teradyne Inc. | Reduce -0.8% | 3.24% | −0.43 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.17 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −0.11 |
| AVO Mission Produce Inc. | Reduce -13.3% | 0.39% | −0.06 |
| JNJ Johnson & Johnson | Reduce -0.5% | 0.21% | −0.03 |
| MSFT Microsoft Corp. | Reduce -0.2% | 0.44% | −0.02 |
| SCHA Schwab US Small-Cap ETF | Reduce -4.8% | 0.08% | −0.01 |
| KLAC KLA Corp. | Reduce -0.1% | 4.99% | +0.14 |
Portfolio Buys Q4 2023 → Q1 2024
| VST Vistra Corp. | Add +7.1% | 7.73% | +3.07 |
| XBI SS SPDR S&P Biotech ETF | Add +81.3% | 1.59% | +0.63 |
| AMAT Applied Materials Inc. | Add +0.1% | 7.52% | +0.62 |
| VLO Valero Energy Corp. | Add +0.4% | 3.38% | +0.38 |
| GPK Graphic Packaging Holding Co. | Add +3.6% | 4.53% | +0.22 |
| C Citigroup Inc. | Add +0.2% | 3.33% | +0.17 |
| FISV Fiserv Inc. | Add +0.8% | 2.46% | +0.09 |
| GLD SPDR Gold Shares | New | 0.08% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 5.14% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.3% | 4.21% | +0.05 |
| RTX RTX Corp. | Add +1.0% | 3.21% | +0.01 |
| RSPN Invesco S&P 500 Equal Weight | Add +0.2% | 3.49% | −0.19 |
| EPI Wisdomtree India Earnings | Add +0.2% | 2.30% | −0.22 |
| EWBC East West Bancorp Inc. | Add +0.2% | 4.03% | −0.24 |
| ROBO Robo Global Robotics and Aut | Add +0.7% | 2.38% | −0.32 |
| NXPI NXP Semiconductors NV | Add +0.1% | 6.64% | −0.54 |
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 |