Carmel Capital Partners, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Carmel Capital Partners, LLC reported 113 stock positions worth $284.8 million. Its top holding was Wisdomtree Floating Rate Tre (USFR) at 9.8% of the portfolio, followed by Home Depot (HD, 9.0%) and Lennar Class A (LEN, 3.6%). Compared with Q3 2025, it opened 15 new positions, sold out of 6, added to 71 and reduced 17. The biggest buy was Cap Group US Multi-Sect Bond (CGMS, shares +101%) and the biggest sale Palantir Technologies Class A (PLTR, shares −61%).

Most Recent 13F
Q2 2026
Location
SAN DIEGO, CA
CIK
0001900481
Portfolio Value
$284.8M (Q4 2025)
SEC Filing
0001900481-26-000001 ↗ filed Jan 29, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $241.9M Q1 2024 Q2 2024: $237.1M Q2 2024 Q3 2024: $259.1M Q3 2024 Q4 2024: $248.0M Q4 2024 Q1 2025: $254.3M Q1 2025 Q2 2025: $285.2M Q2 2025 Q3 2025: $237.2M Q3 2025 Q4 2025: $284.8M $284.8M Q4 2025 Q1 2026: $277.1M Q1 2026 Q2 2026: $302.4M Q2 2026

Holdings 113 stocks · $284.8M
USFR Wisdomtree Floating Rate Tre 9.81% 555,342 $27.9M Add +2.8%
HD Home Depot Inc. 8.98% 74,299 $25.6M Reduce -6.2%
LEN Lennar Corp. Class A 3.61% 99,944 $10.3M Reduce 0.0%
CGMS Cap Group US Multi-Sect Bond 3.34% 344,573 $9.5M Add +101.1%
PLTR Palantir Technologies Inc. Class A 2.74% 43,829 $7.8M Reduce -61.4%
QCOM Qualcomm Inc. 2.33% 38,865 $6.6M Add +76.5%
PFXF Vaneck Pref Sec X-Financials 2.31% 373,248 $6.6M Add +33.0%
CLOZ Eldridge BBB-B Clo ETF 2.28% 244,829 $6.5M Add +15.8%
BSCT Invesco Bulletshares 2029 CB 2.17% 327,451 $6.2M Add +34.8%
BSCS Invesco Bulletshares 2028 CB 2.16% 298,063 $6.1M Add +35.0%
BSCV Invesco Bulletshares 2031 CB 2.13% 363,932 $6.1M Add +32.2%
TSLA Tesla Inc. 2.12% 13,424 $6.0M Add +29.6%
IBTI iShares Ibonds Dec 2028 Term 2.12% 269,864 $6.0M Add +43.4%
CLOX Eldridge Aaa Clo ETF 2.12% 236,314 $6.0M Add +36.8%
GOOG Alphabet Inc. Class C 2.07% 18,816 $5.9M Add +27.3%
APG Api Group Corp. 1.47% 109,628 $4.2M Add +37.3%
ON On Semiconductor 1.40% 73,416 $4.0M Add +119.3%
DG Dollar General Corp. 1.32% 28,210 $3.7M Add +49.6%
SCHW Schwab (charles) Corp. 1.22% 34,821 $3.5M Add +43.3%
APO Apollo Global Management Inc. 1.21% 23,808 $3.4M Add +73.9%
IQV Iqvia Holdings Inc. 1.19% 15,089 $3.4M Add +50.2%
AAPL Apple Inc. 1.16% 12,122 $3.3M Add +27.8%
STWD Starwood Property Trust Inc. 1.15% 181,676 $3.3M Add +63.8%
BN Brookfield Corp. 1.11% 68,913 $3.2M Add +53.0%
PHG Koninklijke Philips NVR- NY 1.10% 115,627 $3.1M Add +58.0%
ARI Apollo Commercial Real Estat 1.07% 314,501 $3.0M Add +40.0%
OBDC Blue Owl Capital Corp. 1.06% 241,837 $3.0M Add +135.4%
HCA HCA Healthcare Inc. 1.04% 6,360 $3.0M Add +46.4%
COF Capital One Financial Corp. 1.02% 12,022 $2.9M Add +66.2%
NEE Nextera Energy Inc. 0.98% 34,756 $2.8M Add +57.4%
AMAT Applied Materials Inc. 0.98% 10,831 $2.8M Add +13.3%
CARR Carrier Global Corp. 0.94% 50,810 $2.7M Add +150.3%
CRM Salesforce Inc. 0.92% 9,919 $2.6M Add +222.3%
NVDA Nvidia Corp. 0.91% 13,959 $2.6M Add +37.0%
ORCL Oracle Corp. 0.90% 13,223 $2.6M Add +31.9%
ICE Intercontinental Exchange Inc. 0.89% 15,725 $2.5M Add +62.5%
HLT Hilton Worldwide Holdings Inc. 0.87% 8,612 $2.5M Add +61.2%
ROK Rockwell Automation Inc. 0.86% 6,327 $2.5M Add +53.2%
TRV The Travelers Cos Inc. 0.85% 8,363 $2.4M Add +61.7%
RPM RPM International Inc. 0.84% 22,939 $2.4M Add +59.4%
LEN.B Lennar Corp. Class B 0.84% 25,018 $2.4M No change
QXO Qxo Inc. 0.83% 122,725 $2.4M Add +164.7%
IR Ingersoll-Rand Inc. 0.83% 29,759 $2.4M Add +69.9%
VMI Valmont Industries 0.82% 5,798 $2.3M New
MELI MercadoLibre Inc. 0.81% 1,149 $2.3M Add +72.3%
UPS United Parcel Service Class B 0.80% 22,974 $2.3M Add +133.3%
EME Emcor Group Inc. 0.78% 3,642 $2.2M Add +31.7%
MRP Millrose Properties 0.76% 72,685 $2.2M No change
LH Labcorp Holdings Inc. 0.76% 8,648 $2.2M Add +43.6%
RH RH 0.74% 11,723 $2.1M Add +154.8%
FWONK Liberty Media Corp. Class C 0.74% 21,263 $2.1M Add +50.0%
CCK Crown Holdings Inc. 0.72% 19,982 $2.1M Add +58.6%
A Agilent Technologies Inc. 0.69% 14,432 $2.0M Add +79.2%
GTLB Gitlab Inc. Class A 0.67% 50,848 $1.9M Add +81.7%
UBER Uber Technologies Inc. 0.63% 21,808 $1.8M Add +61.8%
DHI D.R. Horton Inc. 0.62% 12,357 $1.8M Add +59.9%
Z Zillow Group Inc. Class C 0.62% 25,951 $1.8M Add +52.7%
MS Morgan Stanley 0.47% 7,566 $1.3M Reduce -0.2%
VTI VG Morningstar TS MKT ETF-US 0.46% 3,884 $1.3M Add +45.5%
BA The Boeing Co. 0.42% 5,501 $1.2M Add +22.2%
AMZN Amazon.com Inc. 0.37% 4,536 $1.0M Add +115.8%
BRK.B Berkshire Hathaway Inc. Class B 0.36% 2,066 $1.0M Add +232.2%
MKL Markel Group Inc. 0.36% 483 $1.0M Add +0.4%
AGG iShares Core U.S. Aggregate 0.36% 10,337 $1.0M Add +17.0%
VOO Vanguard S&P 500 ETF 0.35% 1,574 $987K Add +2.1%
JPM JPMorgan Chase & Co. 0.34% 2,965 $955K Add +68.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.33% 3,200 $929K Reduce -1.7%
VEA Vanguard Ftse Developed ETF 0.32% 14,566 $910K Add +3.2%
MSFT Microsoft Corp. 0.32% 1,877 $908K Add +21.3%
BIV Vanguard Intermediate-Term B 0.31% 11,470 $893K Reduce -1.4%
NOBL Proshares S&P 500 Dividend A 0.31% 8,403 $875K Reduce -15.1%
DASH DoorDash Inc. Class A 0.30% 3,824 $866K Add +52.7%
SE Sea Ltd.-ADR 0.29% 6,500 $829K No change
META Meta Platforms Inc. Class A 0.28% 1,203 $794K Add +1.6%
SCHD Schwab US DVD Equity ETF 0.25% 25,877 $710K Add +101.0%
LLY Eli Lilly & Co. 0.24% 646 $694K Add +87.8%
IVV iShares Core S&P 500 ETF 0.23% 974 $667K Add +170.6%
SCHX Schwab US Large-Cap ETF 0.19% 19,703 $530K Add +1.8%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.18% 7,314 $513K Add +1.1%
SPYM Ste STR SPDR PT S&P 500 ETF 0.18% 6,358 $510K Add +11.7%
JEF Jefferies Financial Group Inc. 0.17% 7,987 $495K Reduce -0.2%
CEF Sprott Physical Gold and Sil 0.17% 10,606 $486K New
COST Costco Wholesale Corp. 0.16% 526 $454K Add +90.6%
SPG Simon Property Group Inc. 0.15% 2,379 $440K No change
GOOGL Alphabet Inc. Class A 0.15% 1,382 $433K Reduce -0.7%
MCD McDonald's Corp. 0.14% 1,344 $411K Reduce -0.4%
VWO Vanguard Ftse Emerging Marke 0.14% 7,619 $410K Add +7.6%
VEU Vanguard Ftse All-World Ex-U 0.14% 5,334 $392K Reduce -1.0%
BX Blackstone Inc. 0.13% 2,483 $383K No change
XOM Exxon Mobil Corp. 0.13% 3,176 $382K No change
AVGO Broadcom Inc. 0.13% 1,104 $382K No change
V Visa Inc. Class A 0.13% 1,064 $373K New
FTI Technipfmc PLC 0.12% 7,500 $334K No change
VOOG Vanguard S&P 500 Growth ETF 0.10% 651 $289K New
PRM Perimeter Solutions Inc. 0.10% 10,090 $278K New
VB Vanguard Most SM-Cap ETF-Usd 0.10% 1,065 $275K Reduce -1.3%
IWB iShares Russell 1000 ETF 0.09% 717 $268K No change
ABBV Abbvie Inc. 0.09% 1,142 $261K Reduce -41.4%
STX Seagate Technology Holdings 0.09% 892 $246K New
BWXT BWX Technologies Inc. 0.08% 1,325 $229K New
SNOW Snowflake Inc. 0.08% 1,028 $226K New
IBTH iShares Ibonds Dec 2027 Term 0.08% 10,000 $225K New
HHH Howard Hughes Holdings Inc. 0.08% 2,717 $217K New
BNDX Vanguard Total Intl Bond ETF 0.07% 4,306 $208K New
AXP American Express Co. 0.07% 553 $205K New
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.07% 7,248 $204K Reduce -32.3%
PANW Palo Alto Networks Inc. 0.07% 1,105 $204K Reduce -2.1%
CAH Cardinal Health Inc. 0.07% 981 $202K New
EOSE Eos Energy Enterprises Inc. 0.06% 16,100 $185K Reduce -33.2%
ADEA Adeia Inc. 0.06% 10,587 $183K Reduce -16.5%
MSIF MSC Income Fund Inc. 0.05% 11,863 $156K New
WTI W&T Offshore Inc. 0.03% 55,000 $90K No change
INV Innventure Inc. 0.02% 15,000 $63K New

Portfolio Sells Q3 2025 → Q4 2025
PLTR Palantir Technologies Inc. Class A Reduce -61.4% 2.74% −5.99
HD Home Depot Inc. Reduce -6.2% 8.98% −4.55
LEN Lennar Corp. Class A Reduce 0.0% 3.61% −1.70
SYK Stryker Corp. Sold out 0.00% −0.57
ILMN Illumina Inc. Sold out 0.00% −0.16
NOBL Proshares S&P 500 Dividend A Reduce -15.1% 0.31% −0.12
ABBV Abbvie Inc. Reduce -41.4% 0.09% −0.10
VUG Vanguard Mrngstar GR ETF-Sui Sold out 0.00% −0.09
FLOT iShares Floating Rate Bond E Sold out 0.00% −0.09
ABT Abbott Laboratories Sold out 0.00% −0.09
BLK BlackRock Inc. Sold out 0.00% −0.09
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.7% 0.33% −0.08
VICI Vici Properties Inc. Reduce -32.3% 0.07% −0.08
BIV Vanguard Intermediate-Term B Reduce -1.4% 0.31% −0.07
EOSE Eos Energy Enterprises Inc. Reduce -33.2% 0.06% −0.05
JEF Jefferies Financial Group Inc. Reduce -0.2% 0.17% −0.05
MS Morgan Stanley Reduce -0.2% 0.47% −0.04
MCD McDonald's Corp. Reduce -0.4% 0.14% −0.03
ADEA Adeia Inc. Reduce -16.5% 0.06% −0.03
PANW Palo Alto Networks Inc. Reduce -2.1% 0.07% −0.03
VEU Vanguard Ftse All-World Ex-U Reduce -1.0% 0.14% −0.02
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.3% 0.10% −0.02
GOOGL Alphabet Inc. Class A Reduce -0.7% 0.15% +0.01

Portfolio Buys Q3 2025 → Q4 2025
CGMS Cap Group US Multi-Sect Bond Add +101.1% 3.34% +1.34
VMI Valmont Industries New 0.82% +0.82
QCOM Qualcomm Inc. Add +76.5% 2.33% +0.79
ON On Semiconductor Add +119.3% 1.40% +0.70
CRM Salesforce Inc. Add +222.3% 0.92% +0.62
GOOG Alphabet Inc. Class C Add +27.3% 2.07% +0.56
OBDC Blue Owl Capital Corp. Add +135.4% 1.06% +0.50
DG Dollar General Corp. Add +49.6% 1.32% +0.49
QXO Qxo Inc. Add +164.7% 0.83% +0.46
UPS United Parcel Service Class B Add +133.3% 0.80% +0.45
APO Apollo Global Management Inc. Add +73.9% 1.21% +0.44
CARR Carrier Global Corp. Add +150.3% 0.94% +0.43
IQV Iqvia Holdings Inc. Add +50.2% 1.19% +0.39
COF Capital One Financial Corp. Add +66.2% 1.02% +0.37
RH RH Add +154.8% 0.74% +0.34
IBTI iShares Ibonds Dec 2028 Term Add +43.4% 2.12% +0.34
APG Api Group Corp. Add +37.3% 1.47% +0.32
HLT Hilton Worldwide Holdings Inc. Add +61.2% 0.87% +0.28
NEE Nextera Energy Inc. Add +57.4% 0.98% +0.28
HCA HCA Healthcare Inc. Add +46.4% 1.04% +0.26
PHG Koninklijke Philips NVR- NY Add +58.0% 1.10% +0.26
ROK Rockwell Automation Inc. Add +53.2% 0.86% +0.26
CLOX Eldridge Aaa Clo ETF Add +36.8% 2.12% +0.25
A Agilent Technologies Inc. Add +79.2% 0.69% +0.25
SCHW Schwab (charles) Corp. Add +43.3% 1.22% +0.24
STWD Starwood Property Trust Inc. Add +63.8% 1.15% +0.24
TRV The Travelers Cos Inc. Add +61.7% 0.85% +0.24
BN Brookfield Corp. Add +53.0% 1.11% +0.24
BSCS Invesco Bulletshares 2028 CB Add +35.0% 2.16% +0.24
BSCT Invesco Bulletshares 2029 CB Add +34.8% 2.17% +0.24
BRK.B Berkshire Hathaway Inc. Class B Add +232.2% 0.36% +0.23
IR Ingersoll-Rand Inc. Add +69.9% 0.83% +0.22
PFXF Vaneck Pref Sec X-Financials Add +33.0% 2.31% +0.21
CCK Crown Holdings Inc. Add +58.6% 0.72% +0.21
ICE Intercontinental Exchange Inc. Add +62.5% 0.89% +0.21
BSCV Invesco Bulletshares 2031 CB Add +32.2% 2.13% +0.20
TSLA Tesla Inc. Add +29.6% 2.12% +0.18
AMZN Amazon.com Inc. Add +115.8% 0.37% +0.17
CEF Sprott Physical Gold and Sil New 0.17% +0.17
MELI MercadoLibre Inc. Add +72.3% 0.81% +0.16
AMAT Applied Materials Inc. Add +13.3% 0.98% +0.15
AAPL Apple Inc. Add +27.8% 1.16% +0.14
GTLB Gitlab Inc. Class A Add +81.7% 0.67% +0.14
LLY Eli Lilly & Co. Add +87.8% 0.24% +0.13
IVV iShares Core S&P 500 ETF Add +170.6% 0.23% +0.13
V Visa Inc. Class A New 0.13% +0.13
RPM RPM International Inc. Add +59.4% 0.84% +0.12
NVDA Nvidia Corp. Add +37.0% 0.91% +0.11
FWONK Liberty Media Corp. Class C Add +50.0% 0.74% +0.11
ARI Apollo Commercial Real Estat Add +40.0% 1.07% +0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 134$302.4MUSFR, HD, NOBL, CGMS, IBTI
Q1 2026 118$277.1MUSFR, HD, CGMS, CLOX, LEN
Q4 2025 113$284.8MUSFR, HD, LEN, CGMS, PLTR
Q3 2025 104$237.2MHD, USFR, PLTR, LEN, CLOZ
Q2 2025 154$285.2MUSFR, HD, PLTR, LEN, PFXF
Q1 2025 150$254.3MUSFR, HD, LEN, PLTR, PFXF
Q4 2024 145$248.0MUSFR, HD, PLTR, FLOT, LEN
Q3 2024 167$259.1MUSFR, HD, LEN, PLTR, FLOT
Q2 2024 163$237.1MUSFR, HD, LEN, PLTR, FLOT
Q1 2024 157$241.9MUSFR, HD, LEN, PLTR, FLOT