Carmel Capital Partners, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Carmel Capital Partners, LLC reported 154 stock positions worth $285.2 million. Its top holding was Wisdomtree Floating Rate Tre (USFR) at 10.5% of the portfolio, followed by Home Depot (HD, 10.4%) and Palantir Technologies Class A (PLTR, 6.0%). Compared with Q1 2025, it opened 21 new positions, sold out of 17, added to 59 and reduced 63. The biggest buy was a new position in Proshares S&P 500 Dividend A (NOBL) and the biggest sale Wisdomtree Floating Rate Tre (USFR, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0001900481
- Portfolio Value
- $285.2M (Q2 2025)
- SEC Filing
- 0001900481-25-000008 ↗ filed Jul 29, 2025
Holdings Value
Holdings 154 stocks · $285.2M
| USFR Wisdomtree Floating Rate Tre | 10.53% | 596,792 | $30.0M | Reduce -14.1% |
| HD Home Depot Inc. | 10.42% | 81,034 | $29.7M | Add +2.1% |
| PLTR Palantir Technologies Inc. Class A | 5.97% | 124,964 | $17.0M | Reduce -6.5% |
| LEN Lennar Corp. Class A | 3.88% | 100,010 | $11.1M | Reduce -6.0% |
| PFXF Vaneck Pref Sec X-Financials | 2.97% | 494,913 | $8.5M | Add +7.7% |
| BSCS Invesco Bulletshares 2028 CB | 2.09% | 290,838 | $6.0M | Add +6.8% |
| CGMS Cap Group US Multi-Sect Bond | 2.09% | 215,493 | $6.0M | Add +8.7% |
| BSCT Invesco Bulletshares 2029 CB | 2.08% | 316,595 | $5.9M | Add +7.9% |
| BSCR Invesco Bulletshares 2027 CB | 2.08% | 301,243 | $5.9M | Add +6.9% |
| BSCQ Invesco Bulletshares 2026 CB | 2.06% | 300,704 | $5.9M | Add +6.7% |
| IBTI iShares Ibonds Dec 2028 Term | 1.96% | 250,233 | $5.6M | Add +1.3% |
| FLOT iShares Floating Rate Bond E | 1.85% | 103,591 | $5.3M | Add +5.3% |
| QCOM Qualcomm Inc. | 1.57% | 28,159 | $4.5M | Add +70.6% |
| TSLA Tesla Inc. | 1.35% | 12,104 | $3.8M | Add +15.0% |
| ORCL Oracle Corp. | 1.24% | 16,148 | $3.5M | Add +10.4% |
| STWD Starwood Property Trust Inc. | 1.19% | 169,131 | $3.4M | Add +2.7% |
| APG Api Group Corp. | 1.17% | 65,625 | $3.4M | Reduce -0.8% |
| SCHW Schwab (charles) Corp. | 0.99% | 31,094 | $2.8M | Add +6.7% |
| DG Dollar General Corp. | 0.97% | 24,251 | $2.8M | Add +9.3% |
| OBDC Blue Owl Capital Corp. | 0.97% | 192,714 | $2.8M | Add +5.2% |
| APO Apollo Global Management Inc. | 0.93% | 18,722 | $2.7M | Add +20.3% |
| BN Brookfield Corp. | 0.93% | 42,687 | $2.6M | Add +0.8% |
| LEN.B Lennar Corp. Class B | 0.92% | 25,018 | $2.6M | No change |
| ON On Semiconductor | 0.89% | 48,554 | $2.5M | Add +16.0% |
| MU Micron Technology Inc. | 0.89% | 20,503 | $2.5M | Add +16.5% |
| NOBL Proshares S&P 500 Dividend A | 0.88% | 24,967 | $2.5M | New |
| GOOG Alphabet Inc. Class C | 0.87% | 13,973 | $2.5M | Add +178.2% |
| AAPL Apple Inc. | 0.85% | 11,864 | $2.4M | Add +9.9% |
| AMAT Applied Materials Inc. | 0.83% | 12,889 | $2.4M | Add +26.6% |
| IQV Iqvia Holdings Inc. | 0.82% | 14,878 | $2.3M | Add +38.2% |
| ICE Intercontinental Exchange Inc. | 0.79% | 12,245 | $2.2M | Add +13.4% |
| PHG Koninklijke Philips NVR- NY | 0.78% | 93,247 | $2.2M | Add +65.2% |
| CCK Crown Holdings Inc. | 0.77% | 21,320 | $2.2M | Add +13.1% |
| ROK Rockwell Automation Inc. | 0.77% | 6,580 | $2.2M | Reduce -13.1% |
| HCA HCA Healthcare Inc. | 0.76% | 5,656 | $2.2M | Add +11.1% |
| MRP Millrose Properties | 0.73% | 72,685 | $2.1M | Reduce 0.0% |
| CARR Carrier Global Corp. | 0.71% | 27,775 | $2.0M | Add +18.8% |
| SYK Stryker Corp. | 0.71% | 5,124 | $2.0M | New |
| MELI MercadoLibre Inc. | 0.71% | 770 | $2.0M | Reduce -7.7% |
| COF Capital One Financial Corp. | 0.70% | 9,372 | $2.0M | New |
| LH Labcorp Holdings Inc. | 0.69% | 7,540 | $2.0M | Add +11.2% |
| NVDA Nvidia Corp. | 0.69% | 12,527 | $2.0M | Add +17.8% |
| EME Emcor Group Inc. | 0.69% | 3,693 | $2.0M | New |
| GTLB Gitlab Inc. Class A | 0.69% | 43,630 | $2.0M | Add +41.4% |
| NEE Nextera Energy Inc. | 0.69% | 28,330 | $2.0M | Add +661.4% |
| HLT Hilton Worldwide Holdings Inc. | 0.67% | 7,225 | $1.9M | New |
| TRV The Travelers Cos Inc. | 0.67% | 7,192 | $1.9M | New |
| RPM RPM International Inc. | 0.67% | 17,462 | $1.9M | Add +73.9% |
| IR Ingersoll-Rand Inc. | 0.67% | 22,849 | $1.9M | Add +11.1% |
| UPS United Parcel Service Class B | 0.67% | 18,802 | $1.9M | Add +15.1% |
| FWONK Liberty Media Corp. Class C | 0.65% | 17,712 | $1.9M | Add +10.4% |
| IBTH iShares Ibonds Dec 2027 Term | 0.64% | 81,500 | $1.8M | New |
| UBER Uber Technologies Inc. | 0.58% | 17,709 | $1.7M | Reduce -34.4% |
| Z Zillow Group Inc. Class C | 0.55% | 22,358 | $1.6M | Add +11.4% |
| CRM Salesforce Inc. | 0.54% | 5,614 | $1.5M | Add +19.5% |
| MS Morgan Stanley | 0.52% | 10,553 | $1.5M | Reduce -1.9% |
| A Agilent Technologies Inc. | 0.45% | 10,928 | $1.3M | Add +32.3% |
| JPM JPMorgan Chase & Co. | 0.43% | 4,210 | $1.2M | Add +18.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.42% | 2,482 | $1.2M | Add +3.9% |
| MSFT Microsoft Corp. | 0.40% | 2,271 | $1.1M | Add +27.7% |
| MKL Markel Group Inc. | 0.39% | 551 | $1.1M | Add +2.8% |
| RH RH | 0.38% | 5,721 | $1.1M | Add +7.2% |
| SE Sea Ltd.-ADR | 0.36% | 6,500 | $1.0M | No change |
| DHI D.R. Horton Inc. | 0.35% | 7,798 | $1.0M | New |
| VOO Vanguard S&P 500 ETF | 0.34% | 1,716 | $975K | Add +310.5% |
| BA The Boeing Co. | 0.34% | 4,561 | $956K | Reduce -0.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.32% | 3,254 | $910K | New |
| META Meta Platforms Inc. Class A | 0.32% | 1,228 | $906K | Add +0.2% |
| BIV Vanguard Intermediate-Term B | 0.32% | 11,690 | $904K | New |
| DASH DoorDash Inc. Class A | 0.31% | 3,558 | $877K | Add +12.1% |
| VEA Vanguard Ftse Developed ETF | 0.29% | 14,636 | $834K | Reduce -0.4% |
| AGG iShares Core U.S. Aggregate | 0.29% | 8,294 | $823K | Reduce -1.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.29% | 2,691 | $818K | No change |
| AMZN Amazon.com Inc. | 0.28% | 3,702 | $812K | Reduce -9.0% |
| MCD McDonald's Corp. | 0.25% | 2,393 | $699K | Add +0.1% |
| SPG Simon Property Group Inc. | 0.24% | 4,207 | $676K | Reduce -39.1% |
| JEF Jefferies Financial Group Inc. | 0.23% | 12,233 | $669K | Reduce -36.9% |
| ABBV Abbvie Inc. | 0.23% | 3,582 | $665K | Reduce -3.9% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.23% | 8,937 | $657K | Add +42.6% |
| CAH Cardinal Health Inc. | 0.22% | 3,726 | $626K | Reduce -6.1% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.22% | 18,913 | $617K | Reduce -31.1% |
| BLK BlackRock Inc. | 0.21% | 575 | $603K | Reduce -1.5% |
| WMT Walmart Inc. | 0.20% | 5,973 | $584K | Reduce -1.5% |
| STX Seagate Technology Holdings | 0.20% | 3,992 | $576K | Reduce -3.6% |
| BEPC Brookfield Renewable Corp. | 0.19% | 16,229 | $532K | Reduce -58.6% |
| LMT Lockheed Martin Corp. | 0.18% | 1,139 | $528K | Reduce -5.2% |
| COST Costco Wholesale Corp. | 0.18% | 519 | $514K | Reduce -12.3% |
| LLY Eli Lilly & Co. | 0.18% | 646 | $504K | Reduce -0.5% |
| BIPC Brookfield Infrastructure-A | 0.17% | 11,915 | $496K | Reduce -63.3% |
| BAM Brookfield Asset Mgmt-A | 0.17% | 8,546 | $472K | Reduce -12.2% |
| V Visa Inc. Class A | 0.16% | 1,322 | $469K | Add +38.0% |
| BX Blackstone Inc. | 0.16% | 3,063 | $458K | Reduce -3.2% |
| CVX Chevron Corp. | 0.16% | 3,184 | $456K | Add +21.4% |
| ABT Abbott Laboratories | 0.16% | 3,277 | $446K | Reduce -7.6% |
| SCHX Schwab US Large-Cap ETF | 0.15% | 18,010 | $440K | No change |
| XOM Exxon Mobil Corp. | 0.15% | 4,038 | $435K | Reduce -33.7% |
| VWO Vanguard Ftse Emerging Marke | 0.15% | 8,779 | $434K | Add +87.8% |
| HHH Howard Hughes Holdings Inc. | 0.14% | 6,086 | $411K | Add +0.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.14% | 5,610 | $408K | Reduce -1.3% |
| WELL Welltower Inc. | 0.14% | 2,612 | $402K | Reduce -41.5% |
Portfolio Sells Q1 2025 → Q2 2025
| USFR Wisdomtree Floating Rate Tre | Reduce -14.1% | 10.53% | −3.22 |
| LEN Lennar Corp. Class A | Reduce -6.0% | 3.88% | −0.92 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.77 |
| CSX CSX Corp. | Sold out | 0.00% | −0.62 |
| LKQ LKQ Corp. | Sold out | 0.00% | −0.59 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.48 |
| AA Alcoa Corp. | Sold out | 0.00% | −0.45 |
| PECO Phillips Edison & Company Inc. | Sold out | 0.00% | −0.30 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -68.5% | 0.11% | −0.29 |
| BIPC Brookfield Infrastructure-A | Reduce -63.3% | 0.17% | −0.29 |
| BEPC Brookfield Renewable Corp. | Reduce -58.6% | 0.19% | −0.24 |
| SPG Simon Property Group Inc. | Reduce -39.1% | 0.24% | −0.21 |
| UBER Uber Technologies Inc. | Reduce -34.4% | 0.58% | −0.19 |
| JEF Jefferies Financial Group Inc. | Reduce -36.9% | 0.23% | −0.17 |
| PSMT Pricesmart Inc. | Sold out | 0.00% | −0.17 |
| ELS Equity Lifestyle Properties | Sold out | 0.00% | −0.17 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.16 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.14 |
| VICI Vici Properties Inc. | Reduce -31.1% | 0.22% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -33.7% | 0.15% | −0.13 |
| VTR Ventas Inc. | Reduce -52.0% | 0.08% | −0.13 |
| WELL Welltower Inc. | Reduce -41.5% | 0.14% | −0.13 |
| EXR Extra Space Storage Inc. | Reduce -40.8% | 0.13% | −0.12 |
| ADC Agree Realty Corp. | Reduce -50.0% | 0.09% | −0.12 |
| VMRK Vivmark Residential | Reduce -50.0% | 0.08% | −0.11 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.11 |
| CDP Copt Defense Properties | Reduce -49.6% | 0.08% | −0.10 |
| PLD Prologis Inc. | Reduce -49.3% | 0.07% | −0.10 |
| NNN NNN REIT Inc. | Reduce -42.9% | 0.11% | −0.10 |
| CUBE Cubesmart | Reduce -50.7% | 0.07% | −0.10 |
| JBGS JBG Smith Properties | Reduce -53.3% | 0.08% | −0.09 |
| LAMR Lamar Advertising Co. Class A | Reduce -48.9% | 0.09% | −0.09 |
| SILA Sila Realty Trust Inc. | Sold out | 0.00% | −0.09 |
| NTST Netstreit Corp. | Reduce -54.5% | 0.07% | −0.09 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.09 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Sold out | 0.00% | −0.09 |
| JOE The St Joe Co. | Reduce -50.2% | 0.07% | −0.09 |
| FSK FS KKR Capital Corp. | Sold out | 0.00% | −0.08 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.08 |
| ABBV Abbvie Inc. | Reduce -3.9% | 0.23% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -17.0% | 0.08% | −0.04 |
| DBRG Digitalbridge Group Inc. | Sold out | 0.00% | −0.04 |
| AGG iShares Core U.S. Aggregate | Reduce -1.8% | 0.29% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -12.3% | 0.18% | −0.04 |
| AEP American Electric Power | Reduce -12.5% | 0.11% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -5.9% | 0.13% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -0.5% | 0.18% | −0.03 |
| KDP Keurig Dr Pepper Inc. | Reduce -19.5% | 0.07% | −0.03 |
| AFL Aflac Inc. | Reduce -4.0% | 0.14% | −0.03 |
| MRP Millrose Properties | Reduce 0.0% | 0.73% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| NOBL Proshares S&P 500 Dividend A | New | 0.88% | +0.88 |
| SYK Stryker Corp. | New | 0.71% | +0.71 |
| COF Capital One Financial Corp. | New | 0.70% | +0.70 |
| EME Emcor Group Inc. | New | 0.69% | +0.69 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.67% | +0.67 |
| TRV The Travelers Cos Inc. | New | 0.67% | +0.67 |
| IBTH iShares Ibonds Dec 2027 Term | New | 0.64% | +0.64 |
| NEE Nextera Energy Inc. | Add +661.4% | 0.69% | +0.59 |
| QCOM Qualcomm Inc. | Add +70.6% | 1.57% | +0.58 |
| GOOG Alphabet Inc. Class C | Add +178.2% | 0.87% | +0.56 |
| ORCL Oracle Corp. | Add +10.4% | 1.24% | +0.43 |
| DHI D.R. Horton Inc. | New | 0.35% | +0.35 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.32% | +0.32 |
| BIV Vanguard Intermediate-Term B | New | 0.32% | +0.32 |
| MU Micron Technology Inc. | Add +16.5% | 0.89% | +0.28 |
| TSLA Tesla Inc. | Add +15.0% | 1.35% | +0.28 |
| VOO Vanguard S&P 500 ETF | Add +310.5% | 0.34% | +0.26 |
| AMAT Applied Materials Inc. | Add +26.6% | 0.83% | +0.25 |
| NVDA Nvidia Corp. | Add +17.8% | 0.69% | +0.24 |
| ON On Semiconductor | Add +16.0% | 0.89% | +0.22 |
| PHG Koninklijke Philips NVR- NY | Add +65.2% | 0.78% | +0.22 |
| RPM RPM International Inc. | Add +73.9% | 0.67% | +0.22 |
| DG Dollar General Corp. | Add +9.3% | 0.97% | +0.21 |
| MSFT Microsoft Corp. | Add +27.7% | 0.40% | +0.13 |
| CARR Carrier Global Corp. | Add +18.8% | 0.71% | +0.13 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.13% | +0.13 |
| GTLB Gitlab Inc. Class A | Add +41.4% | 0.69% | +0.12 |
| CCK Crown Holdings Inc. | Add +13.1% | 0.77% | +0.11 |
| SCHW Schwab (charles) Corp. | Add +6.7% | 0.99% | +0.10 |
| APO Apollo Global Management Inc. | Add +20.3% | 0.93% | +0.09 |
| BBUC Brookfield Business Class A | New | 0.09% | +0.09 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.09% | +0.09 |
| GS Goldman Sachs Group Inc. | New | 0.08% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +18.2% | 0.43% | +0.08 |
| VIG Vanguard Dividend Apprec ETF | New | 0.08% | +0.08 |
| SNOW Snowflake Inc. | New | 0.08% | +0.08 |
| FWONK Liberty Media Corp. Class C | Add +10.4% | 0.65% | +0.08 |
| CME Cme Group Inc. | New | 0.08% | +0.08 |
| DASH DoorDash Inc. Class A | Add +12.1% | 0.31% | +0.08 |
| IQV Iqvia Holdings Inc. | Add +38.2% | 0.82% | +0.08 |
| HON Honeywell International Inc. | New | 0.08% | +0.08 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.08% | +0.08 |
| PRM Perimeter Solutions Inc. | New | 0.07% | +0.07 |
| LH Labcorp Holdings Inc. | Add +11.2% | 0.69% | +0.07 |
| A Agilent Technologies Inc. | Add +32.3% | 0.45% | +0.07 |
| VWO Vanguard Ftse Emerging Marke | Add +87.8% | 0.15% | +0.07 |
| HCA HCA Healthcare Inc. | Add +11.1% | 0.76% | +0.07 |
| ICE Intercontinental Exchange Inc. | Add +13.4% | 0.79% | +0.06 |
| WRB WR Berkley Corp. | Add +42.6% | 0.23% | +0.05 |
| BN Brookfield Corp. | Add +0.8% | 0.93% | +0.05 |
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 |