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 Est. Cost $147.25 Unrealized +142.4%

VST VISTRA CORP 12.5%

Value $41.2M Shares 255,354 Est. Cost $25.57 Unrealized +611.4%

AMAT APPLIED MATLS INC 7.1%

Value $23.49M Shares 91,398 Est. Cost $138.63 Unrealized +72.7%

C CITIGROUP INC 6.3%

Value $20.88M Shares 178,949 Est. Cost $58.32 Unrealized +77.7%

JPM JPMORGAN CHASE & CO. 6.1%

Value $20.05M Shares 62,227 Est. Cost $147.32 Unrealized +110.1%

KLAC KLA CORP 5.0%

Value $16.48M Shares 13,567 Est. Cost $383.12 Unrealized +205.9%

ASML ASML HOLDING N V 4.6%

Value $15.21M Shares 14,218 Est. Cost $773.49 Unrealized —

RTX RTX CORPORATION 4.5%

Value $14.91M Shares 81,316 Est. Cost $81.70 Unrealized +112.1%

EWBC EAST WEST BANCORP INC 4.3%

Value $14.17M Shares 126,080 Est. Cost $68.19 Unrealized +54.2%

AAPL APPLE INC 4.1%

Value $13.51M Shares 49,687 Est. Cost $154.61 Unrealized +73.6%

NXPI NXP SEMICONDUCTORS N V 4.1%

Value $13.44M Shares 61,912 Est. Cost $196.12 Unrealized +9.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 3.8%

Value $12.57M Shares 25,000 Est. Cost $309.01 Unrealized +61.0%

TER TERADYNE INC 3.5%

Value $11.57M Shares 59,784 Est. Cost $132.63 Unrealized +29.3%

ENS ENERSYS 3.2%

Value $10.7M Shares 72,895 Est. Cost $90.17 Unrealized +47.9%

RSPN INVESCO EXCHANGE TRADED FD T 2.9%

Value $9.72M Shares 171,635 Est. Cost $69.90 Unrealized —

RBC RBC BEARINGS INC 2.7%

Value $8.871M Shares 19,783 Est. Cost $215.46 Unrealized +96.6%

VLO VALERO ENERGY CORP 2.6%

Value $8.56M Shares 52,586 Est. Cost $80.04 Unrealized +110.9%

AZO AUTOZONE INC 2.6%

Value $8.496M Shares 2,505 Est. Cost $1925.17 Unrealized +96.2%

ROBO EXCHANGE TRADED CONCEPTS TRU 2.1%

Value $6.858M Shares 98,940 Est. Cost $66.53 Unrealized —

EPI WISDOMTREE TR 1.9%

Value $6.377M Shares 137,755 Est. Cost $37.94 Unrealized —

SMH VANECK ETF TRUST 0.6%

Value $1.823M Shares 5,062 Est. Cost $233.73 Unrealized —

MSFT MICROSOFT CORP 0.4%

Value $1.228M Shares 2,539 Est. Cost $315.17 Unrealized +58.8%

GLD SPDR GOLD TR 0.1%

Value $444K Shares 1,120 Est. Cost $227.78 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	BROADCOM INC	142,930	$49.47M	15.0%	$147.25	+142.4%	COM	11135F101
VST	VISTRA CORP	255,354	$41.2M	12.5%	$25.57	+611.4%	COM	92840M102
AMAT	APPLIED MATLS INC	91,398	$23.49M	7.1%	$138.63	+72.7%	COM	038222105
C	CITIGROUP INC	178,949	$20.88M	6.3%	$58.32	+77.7%	COM NEW	172967424
JPM	JPMORGAN CHASE & CO.	62,227	$20.05M	6.1%	$147.32	+110.1%	COM	46625H100
KLAC	KLA CORP	13,567	$16.48M	5.0%	$383.12	+205.9%	COM NEW	482480100
ASML	ASML HOLDING N V	14,218	$15.21M	4.6%	$773.49	—	N Y REGISTRY SHS	N07059210
RTX	RTX CORPORATION	81,316	$14.91M	4.5%	$81.70	+112.1%	COM	75513E101
EWBC	EAST WEST BANCORP INC	126,080	$14.17M	4.3%	$68.19	+54.2%	COM	27579R104
AAPL	APPLE INC	49,687	$13.51M	4.1%	$154.61	+73.6%	COM	037833100
NXPI	NXP SEMICONDUCTORS N V	61,912	$13.44M	4.1%	$196.12	+9.0%	COM	N6596X109
BRK/B	BERKSHIRE HATHAWAY INC DEL	25,000	$12.57M	3.8%	$309.01	+61.0%	CL B NEW	084670702
TER	TERADYNE INC	59,784	$11.57M	3.5%	$132.63	+29.3%	COM	880770102
ENS	ENERSYS	72,895	$10.7M	3.2%	$90.17	+47.9%	COM	29275Y102
RSPN	INVESCO EXCHANGE TRADED FD T	171,635	$9.72M	2.9%	$69.90	—	S&P500 EQL IND	46137V324
RBC	RBC BEARINGS INC	19,783	$8.871M	2.7%	$215.46	+96.6%	COM	75524B104
VLO	VALERO ENERGY CORP	52,586	$8.56M	2.6%	$80.04	+110.9%	COM	91913Y100
AZO	AUTOZONE INC	2,505	$8.496M	2.6%	$1925.17	+96.2%	COM	053332102
ROBO	EXCHANGE TRADED CONCEPTS TRU	98,940	$6.858M	2.1%	$66.53	—	ROBO GLB ETF	301505707
EPI	WISDOMTREE TR	137,755	$6.377M	1.9%	$37.94	—	INDIA ERNGS FD	97717W422
SMH	VANECK ETF TRUST	5,062	$1.823M	0.6%	$233.73	—	SEMICONDUCTR ETF	92189F676
MSFT	MICROSOFT CORP	2,539	$1.228M	0.4%	$315.17	+58.8%	COM	594918104
GLD	SPDR GOLD TR	1,120	$444K	0.1%	$227.78	—	GOLD SHS	78463V107