Carmel Capital Management L.L.C. Long-Term Concentrated

Location: Carmel, CA

CIK: 0001878547 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 12, 2025

Total Value: $329M (100.0% shares, 0.0% debt)

Holdings (25)

VST VISTRA CORP 15.2%

Value $50.14M Shares 255,907 Share Price $195.92 Est. Cost/Share $25.57 Unrealized @ Report Date +665.0%

AVGO BROADCOM INC 14.8%

Value $48.65M Shares 147,450 Share Price $329.91 Est. Cost/Share $147.25 Unrealized @ Report Date +123.6%

JPM JPMORGAN CHASE & CO. 5.9%

Value $19.36M Shares 61,377 Share Price $315.43 Est. Cost/Share $145.08 Unrealized @ Report Date +116.4%

AMAT APPLIED MATLS INC 5.7%

Value $18.8M Shares 91,833 Share Price $204.74 Est. Cost/Share $138.63 Unrealized @ Report Date +47.4%

C CITIGROUP INC 5.4%

Value $17.9M Shares 176,349 Share Price $101.50 Est. Cost/Share $57.65 Unrealized @ Report Date +75.0%

KLAC KLA CORP 4.4%

Value $14.6M Shares 13,532 Share Price $1078.60 Est. Cost/Share $383.12 Unrealized @ Report Date +181.1%

NXPI NXP SEMICONDUCTORS N V 4.2%

Value $13.81M Shares 60,652 Share Price $227.73 Est. Cost/Share $195.76 Unrealized @ Report Date +15.8%

ASML ASML HOLDING N V 4.2%

Value $13.74M Shares 14,198 Share Price $968.09 Est. Cost/Share $772.73 Unrealized @ Report Date +25.3%

RTX RTX CORPORATION 4.1%

Value $13.58M Shares 81,141 Share Price $167.33 Est. Cost/Share $81.70 Unrealized @ Report Date +104.0%

EWBC EAST WEST BANCORP INC 4.1%

Value $13.41M Shares 126,000 Share Price $106.45 Est. Cost/Share $68.19 Unrealized @ Report Date +54.1%

AAPL APPLE INC 3.8%

Value $12.61M Shares 49,542 Share Price $254.63 Est. Cost/Share $154.61 Unrealized @ Report Date +64.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 3.7%

Value $12.3M Shares 24,475 Share Price $502.74 Est. Cost/Share $304.96 Unrealized @ Report Date +64.9%

AZO AUTOZONE INC 3.3%

Value $10.93M Shares 2,548 Share Price $4290.24 Est. Cost/Share $1925.17 Unrealized @ Report Date +122.9%

RSPN INVESCO EXCHANGE TRADED FD T 2.9%

Value $9.477M Shares 168,935 Share Price $56.10 Est. Cost/Share $40.08 Unrealized @ Report Date +40.0%

VLO VALERO ENERGY CORP 2.6%

Value $8.706M Shares 51,136 Share Price $170.26 Est. Cost/Share $77.52 Unrealized @ Report Date +118.3%

TER TERADYNE INC 2.5%

Value $8.201M Shares 59,584 Share Price $137.64 Est. Cost/Share $132.63 Unrealized @ Report Date +3.7%

RBC RBC BEARINGS INC 2.3%

Value $7.698M Shares 19,723 Share Price $390.29 Est. Cost/Share $215.46 Unrealized @ Report Date +81.1%

ENS ENERSYS 2.3%

Value $7.489M Shares 66,295 Share Price $112.96 Est. Cost/Share $85.87 Unrealized @ Report Date +31.3%

ROBO EXCHANGE TRADED CONCEPTS TRU 2.0%

Value $6.434M Shares 98,140 Share Price $65.56 Est. Cost/Share $64.93 Unrealized @ Report Date +1.0%

GPK GRAPHIC PACKAGING HLDG CO 1.8%

Value $6.029M Shares 308,050 Share Price $19.57 Est. Cost/Share $20.02 Unrealized @ Report Date -2.2%

FISV FISERV INC 1.8%

Value $5.984M Shares 46,410 Share Price $128.93 Est. Cost/Share $129.37 Unrealized @ Report Date -0.3%

EPI WISDOMTREE TR 1.8%

Value $5.762M Shares 130,355 Share Price $44.20 Est. Cost/Share $37.13 Unrealized @ Report Date +19.0%

SMH VANECK ETF TRUST 0.5%

Value $1.652M Shares 5,062 Share Price $326.36 Est. Cost/Share $140.05 Unrealized @ Report Date +133.0%

MSFT MICROSOFT CORP 0.4%

Value $1.315M Shares 2,539 Share Price $517.95 Est. Cost/Share $315.17 Unrealized @ Report Date +64.0%

GLD SPDR GOLD TR 0.1%

Value $398K Shares 1,120 Share Price $355.47 Est. Cost/Share $210.60 Unrealized @ Report Date +68.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VST	VISTRA CORP	255,907	$50.14M	15.2%	$195.92	$25.57	+665.0%	COM	92840M102
AVGO	BROADCOM INC	147,450	$48.65M	14.8%	$329.91	$147.25	+123.6%	COM	11135F101
JPM	JPMORGAN CHASE & CO.	61,377	$19.36M	5.9%	$315.43	$145.08	+116.4%	COM	46625H100
AMAT	APPLIED MATLS INC	91,833	$18.8M	5.7%	$204.74	$138.63	+47.4%	COM	038222105
C	CITIGROUP INC	176,349	$17.9M	5.4%	$101.50	$57.65	+75.0%	COM NEW	172967424
KLAC	KLA CORP	13,532	$14.6M	4.4%	$1078.60	$383.12	+181.1%	COM NEW	482480100
NXPI	NXP SEMICONDUCTORS N V	60,652	$13.81M	4.2%	$227.73	$195.76	+15.8%	COM	N6596X109
ASML	ASML HOLDING N V	14,198	$13.74M	4.2%	$968.09	$772.73	+25.3%	N Y REGISTRY SHS	N07059210
RTX	RTX CORPORATION	81,141	$13.58M	4.1%	$167.33	$81.70	+104.0%	COM	75513E101
EWBC	EAST WEST BANCORP INC	126,000	$13.41M	4.1%	$106.45	$68.19	+54.1%	COM	27579R104
AAPL	APPLE INC	49,542	$12.61M	3.8%	$254.63	$154.61	+64.5%	COM	037833100
BRK/B	BERKSHIRE HATHAWAY INC DEL	24,475	$12.3M	3.7%	$502.74	$304.96	+64.9%	CL B NEW	084670702
AZO	AUTOZONE INC	2,548	$10.93M	3.3%	$4290.24	$1925.17	+122.9%	COM	053332102
RSPN	INVESCO EXCHANGE TRADED FD T	168,935	$9.477M	2.9%	$56.10	$40.08	+40.0%	S&P500 EQL IND	46137V324
VLO	VALERO ENERGY CORP	51,136	$8.706M	2.6%	$170.26	$77.52	+118.3%	COM	91913Y100
TER	TERADYNE INC	59,584	$8.201M	2.5%	$137.64	$132.63	+3.7%	COM	880770102
RBC	RBC BEARINGS INC	19,723	$7.698M	2.3%	$390.29	$215.46	+81.1%	COM	75524B104
ENS	ENERSYS	66,295	$7.489M	2.3%	$112.96	$85.87	+31.3%	COM	29275Y102
ROBO	EXCHANGE TRADED CONCEPTS TRU	98,140	$6.434M	2.0%	$65.56	$64.93	+1.0%	ROBO GLB ETF	301505707
GPK	GRAPHIC PACKAGING HLDG CO	308,050	$6.029M	1.8%	$19.57	$20.02	-2.2%	COM	388689101
FISV	FISERV INC	46,410	$5.984M	1.8%	$128.93	$129.37	-0.3%	COM	337738108
EPI	WISDOMTREE TR	130,355	$5.762M	1.8%	$44.20	$37.13	+19.0%	INDIA ERNGS FD	97717W422
SMH	VANECK ETF TRUST	5,062	$1.652M	0.5%	$326.36	$140.05	+133.0%	SEMICONDUCTR ETF	92189F676
MSFT	MICROSOFT CORP	2,539	$1.315M	0.4%	$517.95	$315.17	+64.0%	COM	594918104
GLD	SPDR GOLD TR	1,120	$398K	0.1%	$355.47	$210.60	+68.8%	GOLD SHS	78463V107