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 Est. Cost $25.57 Unrealized +673.0%

AVGO BROADCOM INC 14.8%

Value $48.65M Shares 147,450 Est. Cost $147.25 Unrealized +107.6%

JPM JPMORGAN CHASE & CO. 5.9%

Value $19.36M Shares 61,377 Est. Cost $145.08 Unrealized +104.0%

AMAT APPLIED MATLS INC 5.7%

Value $18.8M Shares 91,833 Est. Cost $138.63 Unrealized +30.4%

C CITIGROUP INC 5.4%

Value $17.9M Shares 176,349 Est. Cost $57.65 Unrealized +63.2%

KLAC KLA CORP 4.4%

Value $14.6M Shares 13,532 Est. Cost $383.12 Unrealized +142.8%

NXPI NXP SEMICONDUCTORS N V 4.2%

Value $13.81M Shares 60,652 Est. Cost $195.76 Unrealized +13.9%

ASML ASML HOLDING N V 4.2%

Value $13.74M Shares 14,198 Est. Cost $773.49 Unrealized —

RTX RTX CORPORATION 4.1%

Value $13.58M Shares 81,141 Est. Cost $81.70 Unrealized +88.8%

EWBC EAST WEST BANCORP INC 4.1%

Value $13.41M Shares 126,000 Est. Cost $68.19 Unrealized +52.0%

AAPL APPLE INC 3.8%

Value $12.61M Shares 49,542 Est. Cost $154.61 Unrealized +45.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 3.7%

Value $12.3M Shares 24,475 Est. Cost $304.96 Unrealized +58.8%

AZO AUTOZONE INC 3.3%

Value $10.93M Shares 2,548 Est. Cost $1925.17 Unrealized +108.4%

RSPN INVESCO EXCHANGE TRADED FD T 2.9%

Value $9.477M Shares 168,935 Est. Cost $70.11 Unrealized —

VLO VALERO ENERGY CORP 2.6%

Value $8.706M Shares 51,136 Est. Cost $77.52 Unrealized +90.7%

TER TERADYNE INC 2.5%

Value $8.201M Shares 59,584 Est. Cost $132.63 Unrealized -17.7%

RBC RBC BEARINGS INC 2.3%

Value $7.698M Shares 19,723 Est. Cost $215.46 Unrealized +80.7%

ENS ENERSYS 2.3%

Value $7.489M Shares 66,295 Est. Cost $85.87 Unrealized +14.1%

ROBO EXCHANGE TRADED CONCEPTS TRU 2.0%

Value $6.434M Shares 98,140 Est. Cost $66.53 Unrealized —

GPK GRAPHIC PACKAGING HLDG CO 1.8%

Value $6.029M Shares 308,050 Est. Cost $20.02 Unrealized +8.6%

FISV FISERV INC 1.8%

Value $5.984M Shares 46,410 Est. Cost $129.37 Unrealized +10.8%

EPI WISDOMTREE TR 1.8%

Value $5.762M Shares 130,355 Est. Cost $37.47 Unrealized —

SMH VANECK ETF TRUST 0.5%

Value $1.652M Shares 5,062 Est. Cost $233.73 Unrealized —

MSFT MICROSOFT CORP 0.4%

Value $1.315M Shares 2,539 Est. Cost $315.17 Unrealized +61.4%

GLD SPDR GOLD TR 0.1%

Value $398K Shares 1,120 Est. Cost $227.78 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VST	VISTRA CORP	255,907	$50.14M	15.2%	$25.57	+673.0%	COM	92840M102
AVGO	BROADCOM INC	147,450	$48.65M	14.8%	$147.25	+107.6%	COM	11135F101
JPM	JPMORGAN CHASE & CO.	61,377	$19.36M	5.9%	$145.08	+104.0%	COM	46625H100
AMAT	APPLIED MATLS INC	91,833	$18.8M	5.7%	$138.63	+30.4%	COM	038222105
C	CITIGROUP INC	176,349	$17.9M	5.4%	$57.65	+63.2%	COM NEW	172967424
KLAC	KLA CORP	13,532	$14.6M	4.4%	$383.12	+142.8%	COM NEW	482480100
NXPI	NXP SEMICONDUCTORS N V	60,652	$13.81M	4.2%	$195.76	+13.9%	COM	N6596X109
ASML	ASML HOLDING N V	14,198	$13.74M	4.2%	$773.49	—	N Y REGISTRY SHS	N07059210
RTX	RTX CORPORATION	81,141	$13.58M	4.1%	$81.70	+88.8%	COM	75513E101
EWBC	EAST WEST BANCORP INC	126,000	$13.41M	4.1%	$68.19	+52.0%	COM	27579R104
AAPL	APPLE INC	49,542	$12.61M	3.8%	$154.61	+45.9%	COM	037833100
BRK/B	BERKSHIRE HATHAWAY INC DEL	24,475	$12.3M	3.7%	$304.96	+58.8%	CL B NEW	084670702
AZO	AUTOZONE INC	2,548	$10.93M	3.3%	$1925.17	+108.4%	COM	053332102
RSPN	INVESCO EXCHANGE TRADED FD T	168,935	$9.477M	2.9%	$70.11	—	S&P500 EQL IND	46137V324
VLO	VALERO ENERGY CORP	51,136	$8.706M	2.6%	$77.52	+90.7%	COM	91913Y100
TER	TERADYNE INC	59,584	$8.201M	2.5%	$132.63	-17.7%	COM	880770102
RBC	RBC BEARINGS INC	19,723	$7.698M	2.3%	$215.46	+80.7%	COM	75524B104
ENS	ENERSYS	66,295	$7.489M	2.3%	$85.87	+14.1%	COM	29275Y102
ROBO	EXCHANGE TRADED CONCEPTS TRU	98,140	$6.434M	2.0%	$66.53	—	ROBO GLB ETF	301505707
GPK	GRAPHIC PACKAGING HLDG CO	308,050	$6.029M	1.8%	$20.02	+8.6%	COM	388689101
FISV	FISERV INC	46,410	$5.984M	1.8%	$129.37	+10.8%	COM	337738108
EPI	WISDOMTREE TR	130,355	$5.762M	1.8%	$37.47	—	INDIA ERNGS FD	97717W422
SMH	VANECK ETF TRUST	5,062	$1.652M	0.5%	$233.73	—	SEMICONDUCTR ETF	92189F676
MSFT	MICROSOFT CORP	2,539	$1.315M	0.4%	$315.17	+61.4%	COM	594918104
GLD	SPDR GOLD TR	1,120	$398K	0.1%	$227.78	—	GOLD SHS	78463V107