Carmel Capital Management L.L.C.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 24, 2026), Carmel Capital Management L.L.C. reported 25 stock positions worth $349.2 million. Its top holding was Broadcom (AVGO) at 12.5% of the portfolio, followed by Vistra (VST, 11.0%) and Applied Materials (AMAT, 8.7%). Compared with Q4 2025, it opened 2 new positions, added to 4 and reduced 14. The biggest buy was a new position in Garrett Motion (GTX) and the biggest sale Broadcom (AVGO, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- CARMEL, CA
- CIK
- 0001878547
- Portfolio Value
- $349.2M (Q1 2026)
- SEC Filing
- 0001754960-26-000318 ↗ filed Apr 24, 2026
Holdings Value
Holdings 25 stocks · $349.2M
| AVGO Broadcom Inc. | 12.54% | 141,515 | $43.8M | Reduce -1.0% |
| VST Vistra Corp. | 10.97% | 254,909 | $38.3M | Reduce -0.2% |
| AMAT Applied Materials Inc. | 8.70% | 88,848 | $30.4M | Reduce -2.8% |
| C Citigroup Inc. | 5.75% | 177,149 | $20.1M | Reduce -1.0% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 5.28% | 13,963 | $18.4M | Reduce -1.8% |
| JPM JPMorgan Chase & Co. | 5.23% | 62,099 | $18.3M | Reduce -0.2% |
| KLAC KLA Corp. | 5.05% | 11,987 | $17.6M | Reduce -11.7% |
| RTX RTX Corp. | 4.43% | 80,176 | $15.5M | Reduce -1.4% |
| TER Teradyne Inc. | 4.25% | 50,064 | $14.8M | Reduce -16.3% |
| EWBC East West Bancorp Inc. | 3.85% | 126,080 | $13.5M | No change |
| RBC RBC Bearings Inc. | 3.84% | 24,708 | $13.4M | Add +24.9% |
| VLO Valero Energy Corp. | 3.72% | 52,586 | $13.0M | No change |
| NXPI NXP Semiconductors NV | 3.71% | 65,862 | $13.0M | Add +6.4% |
| ENS Enersys | 3.66% | 73,665 | $12.8M | Add +1.1% |
| AAPL Apple Inc. | 3.61% | 49,662 | $12.6M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.42% | 24,950 | $12.0M | Reduce -0.2% |
| RSPN Invesco S&P 500 Equal Weight | 2.84% | 172,220 | $9.9M | Add +0.3% |
| AZO AutoZone Inc. | 2.42% | 2,501 | $8.4M | Reduce -0.2% |
| ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU | 1.94% | 98,940 | $6.8M | No change |
| GTX Garrett Motion Inc. | 1.64% | 314,750 | $5.7M | New |
| IBN Icici Bank Ltd.-Spon ADR | 1.56% | 211,000 | $5.5M | New |
| EPI Wisdomtree India Earnings | 0.60% | 51,755 | $2.1M | Reduce -62.4% |
| SMH Vaneck Semiconductor ETF | 0.54% | 4,937 | $1.9M | Reduce -2.5% |
| MSFT Microsoft Corp. | 0.27% | 2,539 | $940K | No change |
| GLD SPDR Gold Shares | 0.14% | 1,120 | $482K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| AVGO Broadcom Inc. | Reduce -1.0% | 12.54% | −2.45 |
| VST Vistra Corp. | Reduce -0.2% | 10.97% | −1.51 |
| EPI Wisdomtree India Earnings | Reduce -62.4% | 0.60% | −1.33 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 5.23% | −0.84 |
| C Citigroup Inc. | Reduce -1.0% | 5.75% | −0.57 |
| AAPL Apple Inc. | Reduce -0.1% | 3.61% | −0.48 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.2% | 3.42% | −0.38 |
| AZO AutoZone Inc. | Reduce -0.2% | 2.42% | −0.15 |
| RTX RTX Corp. | Reduce -1.4% | 4.43% | −0.09 |
| SMH Vaneck Semiconductor ETF | Reduce -2.5% | 0.54% | −0.01 |
| KLAC KLA Corp. | Reduce -11.7% | 5.05% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -1.8% | 5.28% | +0.67 |
| TER Teradyne Inc. | Reduce -16.3% | 4.25% | +0.74 |
| AMAT Applied Materials Inc. | Reduce -2.8% | 8.70% | +1.58 |
Portfolio Buys Q4 2025 → Q1 2026
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 |