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

Location: Carmel, CA

CIK: 0001878547 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Jan 28, 2026

Total Value: $330M (100.0% shares, 0.0% debt)

Holdings (23)

AVGO BROADCOM INC 15.0%

Value $49.47M Shares 142,930 Share Price $346.10 Est. Cost/Share $147.25 Unrealized @ Report Date +135.0%

VST VISTRA CORP 12.5%

Value $41.2M Shares 255,354 Share Price $161.33 Est. Cost/Share $25.57 Unrealized @ Report Date +530.8%

AMAT APPLIED MATLS INC 7.1%

Value $23.49M Shares 91,398 Share Price $256.99 Est. Cost/Share $138.63 Unrealized @ Report Date +85.4%

C CITIGROUP INC 6.3%

Value $20.88M Shares 178,949 Share Price $116.69 Est. Cost/Share $58.32 Unrealized @ Report Date +100.1%

JPM JPMORGAN CHASE & CO. 6.1%

Value $20.05M Shares 62,227 Share Price $322.22 Est. Cost/Share $147.32 Unrealized @ Report Date +118.7%

KLAC KLA CORP 5.0%

Value $16.48M Shares 13,567 Share Price $1215.08 Est. Cost/Share $383.12 Unrealized @ Report Date +217.2%

ASML ASML HOLDING N V 4.6%

Value $15.21M Shares 14,218 Share Price $1069.86 Est. Cost/Share $772.73 Unrealized @ Report Date +38.5%

RTX RTX CORPORATION 4.5%

Value $14.91M Shares 81,316 Share Price $183.40 Est. Cost/Share $81.70 Unrealized @ Report Date +124.5%

EWBC EAST WEST BANCORP INC 4.3%

Value $14.17M Shares 126,080 Share Price $112.39 Est. Cost/Share $68.19 Unrealized @ Report Date +63.7%

AAPL APPLE INC 4.1%

Value $13.51M Shares 49,687 Share Price $271.86 Est. Cost/Share $154.61 Unrealized @ Report Date +75.8%

NXPI NXP SEMICONDUCTORS N V 4.1%

Value $13.44M Shares 61,912 Share Price $217.06 Est. Cost/Share $196.12 Unrealized @ Report Date +10.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 3.8%

Value $12.57M Shares 25,000 Share Price $502.65 Est. Cost/Share $309.01 Unrealized @ Report Date +62.7%

TER TERADYNE INC 3.5%

Value $11.57M Shares 59,784 Share Price $193.56 Est. Cost/Share $132.63 Unrealized @ Report Date +45.9%

ENS ENERSYS 3.2%

Value $10.7M Shares 72,895 Share Price $146.75 Est. Cost/Share $90.17 Unrealized @ Report Date +62.8%

RSPN INVESCO EXCHANGE TRADED FD T 2.9%

Value $9.72M Shares 171,635 Share Price $56.63 Est. Cost/Share $40.33 Unrealized @ Report Date +40.4%

RBC RBC BEARINGS INC 2.7%

Value $8.871M Shares 19,783 Share Price $448.43 Est. Cost/Share $215.46 Unrealized @ Report Date +108.1%

VLO VALERO ENERGY CORP 2.6%

Value $8.56M Shares 52,586 Share Price $162.79 Est. Cost/Share $80.04 Unrealized @ Report Date +103.4%

AZO AUTOZONE INC 2.6%

Value $8.496M Shares 2,505 Share Price $3391.50 Est. Cost/Share $1925.17 Unrealized @ Report Date +76.2%

ROBO EXCHANGE TRADED CONCEPTS TRU 2.1%

Value $6.858M Shares 98,940 Share Price $69.31 Est. Cost/Share $64.93 Unrealized @ Report Date +6.7%

EPI WISDOMTREE TR 1.9%

Value $6.377M Shares 137,755 Share Price $46.29 Est. Cost/Share $37.59 Unrealized @ Report Date +23.1%

SMH VANECK ETF TRUST 0.6%

Value $1.823M Shares 5,062 Share Price $360.13 Est. Cost/Share $140.05 Unrealized @ Report Date +157.1%

MSFT MICROSOFT CORP 0.4%

Value $1.228M Shares 2,539 Share Price $483.62 Est. Cost/Share $315.17 Unrealized @ Report Date +53.4%

GLD SPDR GOLD TR 0.1%

Value $444K Shares 1,120 Share Price $396.31 Est. Cost/Share $210.60 Unrealized @ Report Date +88.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AVGO	BROADCOM INC	142,930	$49.47M	15.0%	$346.10	$147.25	+135.0%	COM	11135F101
VST	VISTRA CORP	255,354	$41.2M	12.5%	$161.33	$25.57	+530.8%	COM	92840M102
AMAT	APPLIED MATLS INC	91,398	$23.49M	7.1%	$256.99	$138.63	+85.4%	COM	038222105
C	CITIGROUP INC	178,949	$20.88M	6.3%	$116.69	$58.32	+100.1%	COM NEW	172967424
JPM	JPMORGAN CHASE & CO.	62,227	$20.05M	6.1%	$322.22	$147.32	+118.7%	COM	46625H100
KLAC	KLA CORP	13,567	$16.48M	5.0%	$1215.08	$383.12	+217.2%	COM NEW	482480100
ASML	ASML HOLDING N V	14,218	$15.21M	4.6%	$1069.86	$772.73	+38.5%	N Y REGISTRY SHS	N07059210
RTX	RTX CORPORATION	81,316	$14.91M	4.5%	$183.40	$81.70	+124.5%	COM	75513E101
EWBC	EAST WEST BANCORP INC	126,080	$14.17M	4.3%	$112.39	$68.19	+63.7%	COM	27579R104
AAPL	APPLE INC	49,687	$13.51M	4.1%	$271.86	$154.61	+75.8%	COM	037833100
NXPI	NXP SEMICONDUCTORS N V	61,912	$13.44M	4.1%	$217.06	$196.12	+10.7%	COM	N6596X109
BRK/B	BERKSHIRE HATHAWAY INC DEL	25,000	$12.57M	3.8%	$502.65	$309.01	+62.7%	CL B NEW	084670702
TER	TERADYNE INC	59,784	$11.57M	3.5%	$193.56	$132.63	+45.9%	COM	880770102
ENS	ENERSYS	72,895	$10.7M	3.2%	$146.75	$90.17	+62.8%	COM	29275Y102
RSPN	INVESCO EXCHANGE TRADED FD T	171,635	$9.72M	2.9%	$56.63	$40.33	+40.4%	S&P500 EQL IND	46137V324
RBC	RBC BEARINGS INC	19,783	$8.871M	2.7%	$448.43	$215.46	+108.1%	COM	75524B104
VLO	VALERO ENERGY CORP	52,586	$8.56M	2.6%	$162.79	$80.04	+103.4%	COM	91913Y100
AZO	AUTOZONE INC	2,505	$8.496M	2.6%	$3391.50	$1925.17	+76.2%	COM	053332102
ROBO	EXCHANGE TRADED CONCEPTS TRU	98,940	$6.858M	2.1%	$69.31	$64.93	+6.7%	ROBO GLB ETF	301505707
EPI	WISDOMTREE TR	137,755	$6.377M	1.9%	$46.29	$37.59	+23.1%	INDIA ERNGS FD	97717W422
SMH	VANECK ETF TRUST	5,062	$1.823M	0.6%	$360.13	$140.05	+157.1%	SEMICONDUCTR ETF	92189F676
MSFT	MICROSOFT CORP	2,539	$1.228M	0.4%	$483.62	$315.17	+53.4%	COM	594918104
GLD	SPDR GOLD TR	1,120	$444K	0.1%	$396.31	$210.60	+88.2%	GOLD SHS	78463V107