Carmel Capital Management L.L.C.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 21, 2025), Carmel Capital Management L.L.C. reported 26 stock positions worth $264.7 million. Its top holding was Broadcom (AVGO) at 14.7% of the portfolio, followed by Vistra (VST, 13.3%) and JPMorgan Chase (JPM, 5.6%). Compared with Q3 2024, it sold out of 2, added to 2 and reduced 19. The biggest buy was Fiserv (FISV, shares +25%) and the biggest sale KLA (KLAC, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- CARMEL, CA
- CIK
- 0001878547
- Portfolio Value
- $264.7M (Q4 2024)
- SEC Filing
- 0001754960-25-000047 ↗ filed Jan 21, 2025
Holdings Value
Holdings 26 stocks · $264.7M
| AVGO Broadcom Inc. | 14.68% | 167,575 | $38.9M | Reduce -3.2% |
| VST Vistra Corp. | 13.30% | 255,439 | $35.2M | Reduce -4.0% |
| JPM JPMorgan Chase & Co. | 5.56% | 61,447 | $14.7M | Reduce -0.3% |
| AMAT Applied Materials Inc. | 5.31% | 86,375 | $14.0M | Reduce -0.8% |
| AAPL Apple Inc. | 5.24% | 55,412 | $13.9M | Reduce -2.5% |
| NXPI NXP Semiconductors NV | 4.61% | 58,697 | $12.2M | Reduce -8.3% |
| EWBC East West Bancorp Inc. | 4.38% | 121,045 | $11.6M | Reduce -2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.15% | 24,257 | $11.0M | Reduce -0.0% |
| C Citigroup Inc. | 4.08% | 153,525 | $10.8M | Add +9.1% |
| GPK Graphic Packaging Holding Co. | 3.83% | 373,275 | $10.1M | No change |
| ASML ASML Holding NV-NY Reg SHS | 3.65% | 13,943 | $9.7M | Reduce -5.5% |
| FISV Fiserv Inc. | 3.62% | 46,610 | $9.6M | Add +25.2% |
| RTX RTX Corp. | 3.42% | 78,346 | $9.1M | Reduce -1.3% |
| RSPN Invesco S&P 500 Equal Weight | 3.18% | 167,785 | $8.4M | Reduce -4.5% |
| KLAC KLA Corp. | 3.10% | 13,005 | $8.2M | Reduce -23.6% |
| AZO AutoZone Inc. | 3.03% | 2,508 | $8.0M | Reduce -7.4% |
| TER Teradyne Inc. | 2.73% | 57,334 | $7.2M | Reduce -1.9% |
| RBC RBC Bearings Inc. | 2.23% | 19,728 | $5.9M | No change |
| VLO Valero Energy Corp. | 2.22% | 48,011 | $5.9M | Reduce -0.2% |
| EPI Wisdomtree India Earnings | 2.18% | 127,705 | $5.8M | No change |
| ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU | 2.08% | 97,715 | $5.5M | Reduce -0.3% |
| ENS Enersys | 1.57% | 45,045 | $4.2M | Reduce -7.0% |
| XBI SS SPDR S&P Biotech ETF | 0.87% | 25,594 | $2.3M | Reduce -28.6% |
| SMH Vaneck Semiconductor ETF | 0.47% | 5,112 | $1.2M | Reduce -0.2% |
| MSFT Microsoft Corp. | 0.40% | 2,539 | $1.1M | No change |
| GLD SPDR Gold Shares | 0.09% | 1,005 | $243K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| KLAC KLA Corp. | Reduce -23.6% | 3.10% | −1.85 |
| AMAT Applied Materials Inc. | Reduce -0.8% | 5.31% | −1.29 |
| NXPI NXP Semiconductors NV | Reduce -8.3% | 4.61% | −1.15 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -5.5% | 3.65% | −0.96 |
| AMTM Amentum Holdings Inc. | Sold out | 0.00% | −0.71 |
| XBI SS SPDR S&P Biotech ETF | Reduce -28.6% | 0.87% | −0.46 |
| ENS Enersys | Reduce -7.0% | 1.57% | −0.28 |
| VLO Valero Energy Corp. | Reduce -0.2% | 2.22% | −0.21 |
| TER Teradyne Inc. | Reduce -1.9% | 2.73% | −0.21 |
| RSPN Invesco S&P 500 Equal Weight | Reduce -4.5% | 3.18% | −0.19 |
| RTX RTX Corp. | Reduce -1.3% | 3.42% | −0.18 |
| AZO AutoZone Inc. | Reduce -7.4% | 3.03% | −0.17 |
| SCHA Schwab US Small-Cap ETF | Sold out | 0.00% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.0% | 4.15% | −0.03 |
| ROBO Robo Global Robotics and Aut | Reduce -0.3% | 2.08% | −0.02 |
| SMH Vaneck Semiconductor ETF | Reduce -0.2% | 0.47% | −0.00 |
| AAPL Apple Inc. | Reduce -2.5% | 5.24% | +0.27 |
| EWBC East West Bancorp Inc. | Reduce -2.2% | 4.38% | +0.54 |
| JPM JPMorgan Chase & Co. | Reduce -0.3% | 5.56% | +0.69 |
| VST Vistra Corp. | Reduce -4.0% | 13.30% | +1.47 |
| AVGO Broadcom Inc. | Reduce -3.2% | 14.68% | +3.48 |
Portfolio Buys Q3 2024 → Q4 2024
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 |