Carmel Capital Partners, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Carmel Capital Partners, LLC reported 150 stock positions worth $254.3 million. Its top holding was Wisdomtree Floating Rate Tre (USFR) at 13.7% of the portfolio, followed by Home Depot (HD, 11.4%) and Lennar Class A (LEN, 4.8%). Compared with Q4 2024, it opened 10 new positions, sold out of 6, added to 71 and reduced 50. The biggest buy was a new position in Invesco Bulletshares 2029 CB (BSCT) and the biggest sale iShares Floating Rate Bond E (FLOT, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0001900481
- Portfolio Value
- $254.3M (Q1 2025)
- SEC Filing
- 0001900481-25-000004 ↗ filed May 5, 2025
Holdings Value
Holdings 150 stocks · $254.3M
| USFR Wisdomtree Floating Rate Tre | 13.75% | 694,600 | $35.0M | Add +12.5% |
| HD Home Depot Inc. | 11.44% | 79,381 | $29.1M | Add +0.2% |
| LEN Lennar Corp. Class A | 4.80% | 106,393 | $12.2M | Add +17.9% |
| PLTR Palantir Technologies Inc. Class A | 4.44% | 133,673 | $11.3M | Reduce -29.1% |
| PFXF Vaneck Pref Sec X-Financials | 3.03% | 459,395 | $7.7M | Add +7.3% |
| BSCS Invesco Bulletshares 2028 CB | 2.18% | 272,365 | $5.5M | Add +8.0% |
| BSCR Invesco Bulletshares 2027 CB | 2.17% | 281,868 | $5.5M | Add +7.4% |
| IBTI iShares Ibonds Dec 2028 Term | 2.16% | 247,149 | $5.5M | Add +11.0% |
| BSCQ Invesco Bulletshares 2026 CB | 2.16% | 281,707 | $5.5M | Add +7.1% |
| BSCT Invesco Bulletshares 2029 CB | 2.14% | 293,461 | $5.4M | New |
| CGMS Cap Group US Multi-Sect Bond | 2.13% | 198,166 | $5.4M | New |
| FLOT iShares Floating Rate Bond E | 1.97% | 98,336 | $5.0M | Reduce -59.5% |
| STWD Starwood Property Trust Inc. | 1.28% | 164,623 | $3.3M | Add +11.7% |
| LEN.B Lennar Corp. Class B | 1.07% | 25,018 | $2.7M | No change |
| TSLA Tesla Inc. | 1.07% | 10,525 | $2.7M | Reduce -5.0% |
| OBDC Blue Owl Capital Corp. | 1.06% | 183,228 | $2.7M | Add +7.2% |
| QCOM Qualcomm Inc. | 1.00% | 16,506 | $2.5M | Add +0.8% |
| AAPL Apple Inc. | 0.94% | 10,794 | $2.4M | Reduce -0.2% |
| APG Api Group Corp. | 0.93% | 66,162 | $2.4M | Add +4.1% |
| SCHW Schwab (charles) Corp. | 0.90% | 29,141 | $2.3M | Add +2.4% |
| BN Brookfield Corp. | 0.87% | 42,352 | $2.2M | Add +4.3% |
| APO Apollo Global Management Inc. | 0.84% | 15,559 | $2.1M | Add +4.5% |
| ORCL Oracle Corp. | 0.80% | 14,627 | $2.0M | Add +7.1% |
| UBER Uber Technologies Inc. | 0.77% | 26,989 | $2.0M | Reduce -5.7% |
| ROK Rockwell Automation Inc. | 0.77% | 7,570 | $2.0M | Add +4.1% |
| DG Dollar General Corp. | 0.77% | 22,193 | $2.0M | New |
| OXY Occidental Petroleum Corp. | 0.77% | 39,519 | $2.0M | Add +10.1% |
| MRP Millrose Properties | 0.76% | 72,686 | $1.9M | Add +61.0% |
| IQV Iqvia Holdings Inc. | 0.75% | 10,763 | $1.9M | Reduce -5.5% |
| ICE Intercontinental Exchange Inc. | 0.73% | 10,800 | $1.9M | Add +4.5% |
| UPS United Parcel Service Class B | 0.71% | 16,333 | $1.8M | Add +5.2% |
| HCA HCA Healthcare Inc. | 0.69% | 5,092 | $1.8M | Reduce -3.5% |
| ON On Semiconductor | 0.67% | 41,841 | $1.7M | Add +56.1% |
| CCK Crown Holdings Inc. | 0.66% | 18,859 | $1.7M | Add +6.1% |
| IR Ingersoll-Rand Inc. | 0.65% | 20,576 | $1.6M | Add +36.9% |
| MELI MercadoLibre Inc. | 0.64% | 834 | $1.6M | New |
| LH Labcorp Holdings Inc. | 0.62% | 6,781 | $1.6M | Add +2.7% |
| CSX CSX Corp. | 0.62% | 53,470 | $1.6M | Add +3.9% |
| MU Micron Technology Inc. | 0.60% | 17,604 | $1.5M | Reduce -4.3% |
| LKQ LKQ Corp. | 0.59% | 35,422 | $1.5M | Reduce -4.6% |
| CARR Carrier Global Corp. | 0.58% | 23,374 | $1.5M | Add +43.3% |
| AMAT Applied Materials Inc. | 0.58% | 10,181 | $1.5M | Reduce -6.4% |
| GTLB Gitlab Inc. Class A | 0.57% | 30,851 | $1.4M | New |
| FWONK Liberty Media Corp. Class C | 0.57% | 16,047 | $1.4M | Add +3.1% |
| PHG Koninklijke Philips NVR- NY | 0.56% | 56,457 | $1.4M | Add +6.5% |
| Z Zillow Group Inc. Class C | 0.54% | 20,075 | $1.4M | Add +2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.50% | 2,390 | $1.3M | Reduce -0.9% |
| CRM Salesforce Inc. | 0.50% | 4,697 | $1.3M | Add +5.9% |
| MS Morgan Stanley | 0.49% | 10,754 | $1.3M | Add +15.9% |
| RH RH | 0.49% | 5,336 | $1.3M | Reduce -10.2% |
| BAX Baxter International Inc. | 0.48% | 35,558 | $1.2M | Add +7.7% |
| BIPC Brookfield Infrastructure-A | 0.46% | 32,492 | $1.2M | Reduce -1.6% |
| RPM RPM International Inc. | 0.46% | 10,039 | $1.2M | Add +4.5% |
| NVDA Nvidia Corp. | 0.45% | 10,639 | $1.2M | Add +8.2% |
| SPG Simon Property Group Inc. | 0.45% | 6,912 | $1.1M | Reduce -0.6% |
| AA Alcoa Corp. | 0.45% | 37,546 | $1.1M | Add +65.7% |
| BEPC Brookfield Renewable Corp. | 0.43% | 39,171 | $1.1M | Reduce -1.1% |
| IBTF iShares Ibonds Dec 2025 Term | 0.41% | 44,500 | $1.0M | No change |
| JEF Jefferies Financial Group Inc. | 0.41% | 19,398 | $1.0M | Reduce -0.1% |
| MKL Markel Group Inc. | 0.39% | 536 | $1.0M | No change |
| A Agilent Technologies Inc. | 0.38% | 8,261 | $966K | Add +4.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.35% | 27,464 | $896K | Add +0.4% |
| JPM JPMorgan Chase & Co. | 0.34% | 3,562 | $874K | Add +0.5% |
| SE Sea Ltd.-ADR | 0.33% | 6,500 | $848K | No change |
| AGG iShares Core U.S. Aggregate | 0.33% | 8,447 | $836K | Add +116.3% |
| GOOG Alphabet Inc. Class C | 0.31% | 5,022 | $785K | Add +0.6% |
| ABBV Abbvie Inc. | 0.31% | 3,727 | $781K | Reduce -0.5% |
| BA The Boeing Co. | 0.31% | 4,571 | $780K | Reduce -17.8% |
| AMZN Amazon.com Inc. | 0.30% | 4,070 | $774K | Reduce -4.1% |
| PECO Phillips Edison & Company Inc. | 0.30% | 20,877 | $762K | Reduce -6.4% |
| VEA Vanguard Ftse Developed ETF | 0.29% | 14,701 | $747K | Add +59.9% |
| MCD McDonald's Corp. | 0.29% | 2,390 | $747K | Add +0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.29% | 2,691 | $740K | Add +73.0% |
| XOM Exxon Mobil Corp. | 0.28% | 6,087 | $724K | Add +0.5% |
| META Meta Platforms Inc. Class A | 0.28% | 1,226 | $707K | Reduce -14.2% |
| WELL Welltower Inc. | 0.27% | 4,467 | $684K | Reduce -1.6% |
| MSFT Microsoft Corp. | 0.26% | 1,779 | $668K | Reduce -1.4% |
| EXR Extra Space Storage Inc. | 0.26% | 4,404 | $654K | Reduce -0.4% |
| DASH DoorDash Inc. Class A | 0.23% | 3,173 | $580K | Add +6.8% |
| COST Costco Wholesale Corp. | 0.22% | 592 | $560K | Add +2.3% |
| BLK BlackRock Inc. | 0.22% | 584 | $553K | Reduce -6.3% |
| CAH Cardinal Health Inc. | 0.21% | 3,969 | $547K | No change |
| VTR Ventas Inc. | 0.21% | 7,859 | $540K | Reduce -1.1% |
| LMT Lockheed Martin Corp. | 0.21% | 1,201 | $536K | Reduce -0.2% |
| LLY Eli Lilly & Co. | 0.21% | 649 | $536K | Add +3.2% |
| WMT Walmart Inc. | 0.21% | 6,062 | $532K | Add +0.7% |
| ADC Agree Realty Corp. | 0.21% | 6,824 | $527K | Reduce -1.0% |
| NNN NNN REIT Inc. | 0.20% | 12,187 | $520K | Add +0.8% |
| CDP Copt Defense Properties | 0.19% | 17,378 | $474K | Reduce -1.0% |
| BAM Brookfield Asset Mgmt-A | 0.19% | 9,729 | $471K | Reduce -0.1% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.19% | 6,576 | $471K | Reduce -0.8% |
| ABT Abbott Laboratories | 0.19% | 3,548 | $471K | Reduce -0.4% |
| LAMR Lamar Advertising Co. Class A | 0.18% | 4,083 | $465K | Add +0.6% |
| HHH Howard Hughes Holdings Inc. | 0.18% | 6,051 | $448K | Reduce -0.8% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.18% | 6,269 | $446K | Add +0.1% |
| BX Blackstone Inc. | 0.17% | 3,163 | $442K | Reduce -11.2% |
| PLD Prologis Inc. | 0.17% | 3,950 | $442K | Reduce -0.6% |
| PSMT Pricesmart Inc. | 0.17% | 5,000 | $439K | No change |
| AFL Aflac Inc. | 0.17% | 3,946 | $439K | Add +0.2% |
| CVX Chevron Corp. | 0.17% | 2,622 | $439K | Reduce -1.7% |
Portfolio Sells Q4 2024 → Q1 2025
| FLOT iShares Floating Rate Bond E | Reduce -59.5% | 1.97% | −3.00 |
| PLTR Palantir Technologies Inc. Class A | Reduce -29.1% | 4.44% | −1.31 |
| TSLA Tesla Inc. | Reduce -5.0% | 1.07% | −0.73 |
| ILMN Illumina Inc. | Reduce -79.3% | 0.09% | −0.65 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.57 |
| RH RH | Reduce -10.2% | 0.49% | −0.45 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.32 |
| JEF Jefferies Financial Group Inc. | Reduce -0.1% | 0.41% | −0.20 |
| IQV Iqvia Holdings Inc. | Reduce -5.5% | 0.75% | −0.16 |
| AAPL Apple Inc. | Reduce -0.2% | 0.94% | −0.15 |
| AMAT Applied Materials Inc. | Reduce -6.4% | 0.58% | −0.13 |
| BIP Brookfield Infrastructure Pa | Sold out | 0.00% | −0.10 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.10 |
| BA The Boeing Co. | Reduce -17.8% | 0.31% | −0.09 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Sold out | 0.00% | −0.09 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.08 |
| BX Blackstone Inc. | Reduce -11.2% | 0.17% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -4.1% | 0.30% | −0.07 |
| BIPC Brookfield Infrastructure-A | Reduce -1.6% | 0.46% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -14.2% | 0.28% | −0.06 |
| MSFT Microsoft Corp. | Reduce -1.4% | 0.26% | −0.04 |
| BLK BlackRock Inc. | Reduce -6.3% | 0.22% | −0.04 |
| PECO Phillips Edison & Company Inc. | Reduce -6.4% | 0.30% | −0.04 |
| CDP Copt Defense Properties | Reduce -1.0% | 0.19% | −0.03 |
| SPG Simon Property Group Inc. | Reduce -0.6% | 0.45% | −0.03 |
| BAM Brookfield Asset Mgmt-A | Reduce -0.1% | 0.19% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -3.8% | 0.08% | −0.03 |
| LMT Lockheed Martin Corp. | Reduce -0.2% | 0.21% | −0.02 |
| MU Micron Technology Inc. | Reduce -4.3% | 0.60% | −0.02 |
| FSK FS KKR Capital Corp. | Reduce -9.7% | 0.08% | −0.01 |
| HHH Howard Hughes Holdings Inc. | Reduce -0.8% | 0.18% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.1% | 0.16% | −0.01 |
| SILA Sila Realty Trust Inc. | Reduce -17.5% | 0.09% | −0.01 |
| BEPC Brookfield Renewable Corp. | Reduce -1.1% | 0.43% | −0.01 |
| ARE Alexandria Real Estate Equit | Reduce -0.0% | 0.14% | −0.01 |
| EXR Extra Space Storage Inc. | Reduce -0.4% | 0.26% | −0.01 |
| VMRK Vivmark Residential | Reduce -0.8% | 0.19% | −0.01 |
| ELS Equity Lifestyle Properties | Reduce -1.0% | 0.17% | −0.01 |
| V Visa Inc. Class A | Reduce -8.0% | 0.13% | −0.00 |
| MDT Medtronic PLC | Reduce -8.6% | 0.12% | +0.00 |
| JOE The St Joe Co. | Reduce -0.9% | 0.16% | +0.00 |
| JBGS JBG Smith Properties | Reduce -0.4% | 0.17% | +0.00 |
| PLD Prologis Inc. | Reduce -0.6% | 0.17% | +0.00 |
| ADC Agree Realty Corp. | Reduce -1.0% | 0.21% | +0.01 |
| NTST Netstreit Corp. | Reduce -0.5% | 0.16% | +0.01 |
| CVX Chevron Corp. | Reduce -1.7% | 0.17% | +0.02 |
| CCI Crown Castle Inc. | Reduce -0.4% | 0.16% | +0.02 |
| AEP American Electric Power | Reduce -0.1% | 0.15% | +0.02 |
| ABT Abbott Laboratories | Reduce -0.4% | 0.19% | +0.02 |
| VTR Ventas Inc. | Reduce -1.1% | 0.21% | +0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| BSCT Invesco Bulletshares 2029 CB | New | 2.14% | +2.14 |
| CGMS Cap Group US Multi-Sect Bond | New | 2.13% | +2.13 |
| USFR Wisdomtree Floating Rate Tre | Add +12.5% | 13.75% | +1.22 |
| DG Dollar General Corp. | New | 0.77% | +0.77 |
| MELI MercadoLibre Inc. | New | 0.64% | +0.64 |
| GTLB Gitlab Inc. Class A | New | 0.57% | +0.57 |
| MRP Millrose Properties | Add +61.0% | 0.76% | +0.28 |
| IBTI iShares Ibonds Dec 2028 Term | Add +11.0% | 2.16% | +0.20 |
| AGG iShares Core U.S. Aggregate | Add +116.3% | 0.33% | +0.18 |
| STWD Starwood Property Trust Inc. | Add +11.7% | 1.28% | +0.15 |
| CARR Carrier Global Corp. | Add +43.3% | 0.58% | +0.13 |
| BSCS Invesco Bulletshares 2028 CB | Add +8.0% | 2.18% | +0.13 |
| VEA Vanguard Ftse Developed ETF | Add +59.9% | 0.29% | +0.12 |
| ICE Intercontinental Exchange Inc. | Add +4.5% | 0.73% | +0.11 |
| BSCR Invesco Bulletshares 2027 CB | Add +7.4% | 2.17% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | Add +73.0% | 0.29% | +0.11 |
| AA Alcoa Corp. | Add +65.7% | 0.45% | +0.11 |
| NEM Newmont Corp. | New | 0.10% | +0.10 |
| IR Ingersoll-Rand Inc. | Add +36.9% | 0.65% | +0.10 |
| BSCQ Invesco Bulletshares 2026 CB | Add +7.1% | 2.16% | +0.10 |
| BAX Baxter International Inc. | Add +7.7% | 0.48% | +0.09 |
| NOC Northrop Grumman Corp. | New | 0.09% | +0.09 |
| VOO Vanguard S&P 500 ETF | New | 0.08% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | New | 0.08% | +0.08 |
| DVN Devon Energy Corp. | New | 0.08% | +0.08 |
| CCK Crown Holdings Inc. | Add +6.1% | 0.66% | +0.07 |
| OXY Occidental Petroleum Corp. | Add +10.1% | 0.77% | +0.05 |
| PFXF Vaneck Pref Sec X-Financials | Add +7.3% | 3.03% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +2.4% | 0.90% | +0.05 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +58.6% | 0.15% | +0.05 |
| VICI Vici Properties Inc. | Add +0.4% | 0.35% | +0.03 |
| WRB WR Berkley Corp. | Add +0.1% | 0.18% | +0.03 |
| DASH DoorDash Inc. Class A | Add +6.8% | 0.23% | +0.03 |
| MS Morgan Stanley | Add +15.9% | 0.49% | +0.02 |
| PHG Koninklijke Philips NVR- NY | Add +6.5% | 0.56% | +0.02 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.28% | +0.02 |
| PG The Procter & Gamble Co. | Add +12.7% | 0.16% | +0.02 |
| MCD McDonald's Corp. | Add +0.3% | 0.29% | +0.02 |
| LLY Eli Lilly & Co. | Add +3.2% | 0.21% | +0.01 |
| OBDC Blue Owl Capital Corp. | Add +7.2% | 1.06% | +0.01 |
| PAYX Paychex Inc. | Add +1.9% | 0.13% | +0.01 |
| LH Labcorp Holdings Inc. | Add +2.7% | 0.62% | +0.01 |
| PPL PPL Corp. | Add +0.1% | 0.12% | +0.01 |
| APG Api Group Corp. | Add +4.1% | 0.93% | +0.01 |
| AFL Aflac Inc. | Add +0.2% | 0.17% | +0.01 |
| COST Costco Wholesale Corp. | Add +2.3% | 0.22% | +0.01 |
| NNN NNN REIT Inc. | Add +0.8% | 0.20% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +0.0% | 0.09% | +0.00 |
| ADEA Adeia Inc. | Add +9.9% | 0.07% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +0.5% | 0.34% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 134 | $302.4M | USFR, HD, NOBL, CGMS, IBTI |
| Q1 2026 | 118 | $277.1M | USFR, HD, CGMS, CLOX, LEN |
| Q4 2025 | 113 | $284.8M | USFR, HD, LEN, CGMS, PLTR |
| Q3 2025 | 104 | $237.2M | HD, USFR, PLTR, LEN, CLOZ |
| Q2 2025 | 154 | $285.2M | USFR, HD, PLTR, LEN, PFXF |
| Q1 2025 | 150 | $254.3M | USFR, HD, LEN, PLTR, PFXF |
| Q4 2024 | 145 | $248.0M | USFR, HD, PLTR, FLOT, LEN |
| Q3 2024 | 167 | $259.1M | USFR, HD, LEN, PLTR, FLOT |
| Q2 2024 | 163 | $237.1M | USFR, HD, LEN, PLTR, FLOT |
| Q1 2024 | 157 | $241.9M | USFR, HD, LEN, PLTR, FLOT |