Carmel Capital Partners, LLC

Name: Carmel Capital Partners, LLC 13F holdings, Q2 2025
Creator: Carmel Capital Partners, LLC
Published: 2025-07-29

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
AFL Aflac Inc.	0.14%	3,790	$400K	Reduce -4.0%
EXR Extra Space Storage Inc.	0.13%	2,608	$385K	Reduce -40.8%
PANW Palo Alto Networks Inc.	0.13%	1,856	$380K	Reduce -2.7%
ILMN Illumina Inc.	0.13%	3,908	$373K	Add +37.0%
VEU Vanguard Ftse All-World Ex-U	0.13%	5,390	$362K	New
PG The Procter & Gamble Co.	0.13%	2,252	$359K	Reduce -5.9%
CAT Caterpillar Inc.	0.12%	917	$356K	Reduce -11.7%
TXN Texas Instruments Inc.	0.12%	1,683	$349K	Reduce -3.4%
AVGO Broadcom Inc.	0.12%	1,214	$335K	Reduce -7.0%
IBTF iShares Ibonds Dec 2025 Term	0.11%	14,000	$327K	Reduce -68.5%
AEP American Electric Power	0.11%	3,082	$320K	Reduce -12.5%
CEF Sprott Physical Gold and Sil	0.11%	10,606	$319K	No change
PAYX Paychex Inc.	0.11%	2,142	$312K	Reduce -3.5%
LHX L3HARRIS Technologies Inc.	0.11%	1,198	$301K	Reduce -5.7%
NNN NNN REIT Inc.	0.11%	6,955	$300K	Reduce -42.9%
PKG Packaging Corp. of America	0.10%	1,521	$287K	Reduce -8.6%
NEM Newmont Corp.	0.10%	4,852	$283K	Reduce -9.8%
VZ Verizon Communications Inc.	0.10%	6,472	$280K	Reduce -5.2%
EPD Enterprise Products Partners	0.10%	8,973	$278K	Reduce -4.0%
MDT Medtronic PLC	0.10%	3,176	$277K	Reduce -2.7%
APD Air Products & Chemicals Inc.	0.10%	968	$273K	Add +1.8%
PPL PPL Corp.	0.09%	7,867	$267K	Reduce -9.8%
KKR KKR & Co. Inc.	0.09%	1,983	$264K	Add +12.2%
BBUC Brookfield Business Class A	0.09%	8,393	$262K	New
FTI Technipfmc PLC	0.09%	7,500	$258K	No change
VB Vanguard Most SM-Cap ETF-Usd	0.09%	1,089	$258K	New
GOOGL Alphabet Inc. Class A	0.09%	1,445	$255K	Add +6.9%
LAMR Lamar Advertising Co. Class A	0.09%	2,087	$253K	Reduce -48.9%
ADC Agree Realty Corp.	0.09%	3,411	$249K	Reduce -50.0%
MAIN Main Street Capital Corp.	0.09%	4,170	$246K	No change
IWB iShares Russell 1000 ETF	0.09%	717	$243K	No change
CDP Copt Defense Properties	0.08%	8,752	$241K	Reduce -49.6%
GS Goldman Sachs Group Inc.	0.08%	340	$241K	New
VTR Ventas Inc.	0.08%	3,768	$238K	Reduce -52.0%
VIG Vanguard Dividend Apprec ETF	0.08%	1,149	$235K	New
SNOW Snowflake Inc.	0.08%	1,050	$235K	New
CME Cme Group Inc.	0.08%	825	$227K	New
IVV iShares Core S&P 500 ETF	0.08%	360	$224K	No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL	0.08%	3,289	$222K	Reduce -50.0%
MRK Merck & Co. Inc.	0.08%	2,782	$220K	Reduce -17.0%
JBGS JBG Smith Properties	0.08%	12,577	$218K	Reduce -53.3%
HON Honeywell International Inc.	0.08%	928	$216K	New
VUG Vanguard Mrngstar GR ETF-Sui	0.08%	489	$214K	New
NOC Northrop Grumman Corp.	0.07%	426	$213K	No change
CUBE Cubesmart	0.07%	5,010	$213K	Reduce -50.7%
PLD Prologis Inc.	0.07%	2,004	$211K	Reduce -49.3%
PRM Perimeter Solutions Inc.	0.07%	15,105	$210K	New
KDP Keurig Dr Pepper Inc.	0.07%	6,327	$209K	Reduce -19.5%
NTST Netstreit Corp.	0.07%	11,847	$201K	Reduce -54.5%
JOE The St Joe Co.	0.07%	4,204	$201K	Reduce -50.2%
ADEA Adeia Inc.	0.06%	12,684	$179K	Reduce -1.7%
EOSE Eos Energy Enterprises Inc.	0.05%	28,700	$147K	Add +130.5%
WTI W&T Offshore Inc.	0.03%	55,000	$91K	No change
BLND Blend Labs Inc. Class A	0.02%	19,600	$65K	New

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