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

Name: Carmel Capital Management L.L.C. Q2 2026 13F Filing | 13F Explorer
Creator: Carmel Capital Management L.L.C.
Published: 2026-07-23

Location: Carmel, CA

CIK: 0001878547 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 23, 2026

Total Value: $456M (100.0% shares, 0.0% debt)

Holdings (28)

New Positions (4)

TXN TEXAS INSTRS INC 0.1%

Value $248K Shares 831 Est. Cost $298.07 Unrealized —

SCHA SCHWAB STRATEGIC TR 0.1%

Value $233K Shares 6,456 Est. Cost $36.13 Unrealized —

EMR EMERSON ELEC CO 0.0%

Value $215K Shares 1,500 Est. Cost $143.15 Unrealized —

SCHX SCHWAB STRATEGIC TR 0.0%

Value $212K Shares 7,200 Est. Cost $29.43 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TXN	TEXAS INSTRS INC	831	$248K	0.1%	$298.07	—	COM	882508104
SCHA	SCHWAB STRATEGIC TR	6,456	$233K	0.1%	$36.13	—	US SML CAP ETF	808524607
EMR	EMERSON ELEC CO	1,500	$215K	0.0%	$143.15	—	COM	291011104
SCHX	SCHWAB STRATEGIC TR	7,200	$212K	0.0%	$29.43	—	US LRG CAP ETF	808524201

Increased Positions (5)

GTX GARRETT MOTION INC 3.8%

Value $17.45M (+205.1%) Shares 481,650 (+53.0%) Est. Cost $24.91 Unrealized —

KLAC KLA CORP 5.8%

Value $26.25M (+48.8%) Shares 87,020 (+626.0%) Est. Cost $312.92 Unrealized —

VLO VALERO ENERGY CORP 3.8%

Value $17.17M (+32.2%) Shares 65,933 (+25.4%) Est. Cost $116.56 Unrealized —

IBN ICICI BANK LIMITED 1.7%

Value $7.853M (+43.7%) Shares 270,525 (+28.2%) Est. Cost $26.59 Unrealized —

ROBO EXCHANGE TRADED CONCEPTS TRU 1.9%

Value $8.608M (+27.1%) Shares 100,490 (+1.6%) Est. Cost $66.83 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GTX	GARRETT MOTION INC	481,650 (+53.0%)	$17.45M (+205.1%)	3.8%	$24.91	—	COM	366505105
KLAC	KLA CORP	87,020 (+626.0%)	$26.25M (+48.8%)	5.8%	$312.92	—	COM NEW	482480100
VLO	VALERO ENERGY CORP	65,933 (+25.4%)	$17.17M (+32.2%)	3.8%	$116.56	—	COM	91913Y100
IBN	ICICI BANK LIMITED	270,525 (+28.2%)	$7.853M (+43.7%)	1.7%	$26.59	—	ADR	45104G104
ROBO	EXCHANGE TRADED CONCEPTS TRU	100,490 (+1.6%)	$8.608M (+27.1%)	1.9%	$66.83	—	ROBO GLB ETF	301505707

Exited Positions (1)

EPI WISDOMTREE TR 0.5%

Value $2.112M Shares 51,755 Est. Cost $37.94 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EPI	WISDOMTREE TR	51,755	$2.112M	0.5%	$37.94	—	—	97717W422

Decreased Positions (3)

AMAT APPLIED MATLS INC 12.6%

Value $57.3M (+88.7%) Shares 79,258 (-10.8%) Est. Cost $138.63 Unrealized —

TER TERADYNE INC 4.4%

Value $20.3M (+36.8%) Shares 41,957 (-16.2%) Est. Cost $132.63 Unrealized —

MSFT MICROSOFT CORP 0.2%

Value $761K (-19.1%) Shares 2,039 (-19.7%) Est. Cost $315.17 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMAT	APPLIED MATLS INC	79,258 (-10.8%)	$57.3M (+88.7%)	12.6%	$138.63	—	COM	038222105
TER	TERADYNE INC	41,957 (-16.2%)	$20.3M (+36.8%)	4.4%	$132.63	—	COM	880770102
MSFT	MICROSOFT CORP	2,039 (-19.7%)	$761K (-19.1%)	0.2%	$315.17	—	COM	594918104

Unchanged Positions (16)

AVGO BROADCOM INC 11.7%

Value $53.4M Shares 141,369 Est. Cost $147.25 Unrealized —

ASML ASML HLDG NV 6.1%

Value $27.71M Shares 13,931 Est. Cost $773.49 Unrealized —

NXPI NXP SEMICONDUCTORS N V 4.1%

Value $18.52M Shares 65,902 Est. Cost $198.42 Unrealized —

C CITIGROUP INC 5.4%

Value $24.81M Shares 177,259 Est. Cost $58.32 Unrealized —

ENS ENERSYS 3.8%

Value $17.25M Shares 73,760 Est. Cost $91.02 Unrealized —

EWBC EAST WEST BANCORP INC 3.6%

Value $16.25M Shares 125,880 Est. Cost $68.19 Unrealized —

RBC RBC BEARINGS INC 3.5%

Value $15.86M Shares 24,625 Est. Cost $275.69 Unrealized —

VST VISTRA CORP 8.9%

Value $40.66M Shares 256,306 Est. Cost $25.57 Unrealized —

JPM JPMORGAN CHASE & CO 4.5%

Value $20.34M Shares 62,144 Est. Cost $147.32 Unrealized —

AAPL APPLE INC 3.1%

Value $14.36M Shares 49,612 Est. Cost $154.61 Unrealized —

SMH VANECK ETF TRUST 0.7%

Value $3.238M Shares 4,937 Est. Cost $233.73 Unrealized —

RSPN INVESCO EXCHANGE TRADED FD T 2.4%

Value $11.1M Shares 173,445 Est. Cost $69.90 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 2.8%

Value $12.58M Shares 25,145 Est. Cost $309.01 Unrealized —

AZO AUTOZONE INC 1.8%

Value $7.993M Shares 2,501 Est. Cost $1925.17 Unrealized —

RTX RTX CORPORATION 3.3%

Value $15.28M Shares 80,526 Est. Cost $81.70 Unrealized —

GLD SPDR GOLD TR 0.1%

Value $413K Shares 1,120 Est. Cost $227.78 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	BROADCOM INC	141,369	$53.4M	11.7%	$147.25	—	COM	11135F101
ASML	ASML HLDG NV	13,931	$27.71M	6.1%	$773.49	—	N Y REGISTRY SHS	N07059210
NXPI	NXP SEMICONDUCTORS N V	65,902	$18.52M	4.1%	$198.42	—	COM	N6596X109
C	CITIGROUP INC	177,259	$24.81M	5.4%	$58.32	—	COM NEW	172967424
ENS	ENERSYS	73,760	$17.25M	3.8%	$91.02	—	COM	29275Y102
EWBC	EAST WEST BANCORP INC	125,880	$16.25M	3.6%	$68.19	—	COM	27579R104
RBC	RBC BEARINGS INC	24,625	$15.86M	3.5%	$275.69	—	COM	75524B104
VST	VISTRA CORP	256,306	$40.66M	8.9%	$25.57	—	COM	92840M102
JPM	JPMORGAN CHASE & CO	62,144	$20.34M	4.5%	$147.32	—	COM	46625H100
AAPL	APPLE INC	49,612	$14.36M	3.1%	$154.61	—	COM	037833100
SMH	VANECK ETF TRUST	4,937	$3.238M	0.7%	$233.73	—	SEMICONDUCTR ETF	92189F676
RSPN	INVESCO EXCHANGE TRADED FD T	173,445	$11.1M	2.4%	$69.90	—	S&P500 EQL IND	46137V324
BRK/B	BERKSHIRE HATHAWAY INC DEL	25,145	$12.58M	2.8%	$309.01	—	CL B NEW	084670702
AZO	AUTOZONE INC	2,501	$7.993M	1.8%	$1925.17	—	COM	053332102
RTX	RTX CORPORATION	80,526	$15.28M	3.3%	$81.70	—	COM	75513E101
GLD	SPDR GOLD TR	1,120	$413K	0.1%	$227.78	—	GOLD SHS	78463V107