CC
Carmel Capital Management L.L.C.: 13F Stock Holdings & Portfolio (Q2 2026)
Carmel Capital Management L.L.C.CIK: 0001878547
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$456.4M
Reporting period: 2026-06-30 · Number of holdings: 28
Carmel Capital Management L.L.C. disclosed 28 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $456.4M and a quarterly turnover rate of 28.1%.
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Personality snowflake
- Concentration
- 25.69
- Portfolio Stability
- 28.1
- Momentum
- 100
- Sector conviction
- 98.06
- Diversification
- 56
- Sizing Uniformity
- 90.9
Carmel Capital Management L.L.C.'s disclosed holdings carry a Herfindahl concentration index of 0.064 — mathematically equivalent to about 16 equally-sized positions, well below its 28 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.91), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 4.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMAT
-10.8% $26.9M
Add GTX
+53.0% $11.7M
Trim VST
+0.5% $2.3M
Trim RTX
+0.4% -$187.8K
Trim AVGO
-0.1% $9.6M
Add ASML
-0.2% $9.3M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMAT | Applied Materials Inc | Stock-Tech | 12.56% | +3.86% | -10.79% | |
| 2 | AVGO | Broadcom Inc | Stock-Tech | 11.70% | -0.84% | -0.10% | |
| 3 | VST | Vistra CORP | Stock-Utilities | 8.91% | -2.06% | +0.55% | |
| 4 | ASML | ASML Holding N.V. | Stock-Tech | 6.07% | +0.79% | -0.23% | |
| 5 | KLAC | Kla CORP | Stock-Tech | 5.75% | +0.70% | +625.95% | |
| 6 | C | Citigroup Inc | Stock-Financials | 5.44% | -0.31% | +0.06% | |
| 7 | JPM | Jpmorgan Chase & Co | Stock-Financials | 4.46% | -0.77% | +0.07% | |
| 8 | TER | Teradyne Inc | Stock-Tech | 4.45% | +0.20% | -16.19% | |
| 9 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 4.06% | +0.35% | +0.06% | |
| 10 | GTX | Garrett Motion Inc | Stock-Consumer Disc | 3.82% | +2.18% | +53.03% | |
| 11 | ENS | Enersys | Stock-Industrials | 3.78% | +0.12% | +0.13% | |
| 12 | VLO | Valero Energy CORP | Stock-Energy | 3.76% | +0.04% | +25.38% | |
| 13 | EWBC | East West Bancorp Inc | Stock-Financials | 3.56% | -0.29% | -0.16% | |
| 14 | RBC | RBC Bearings Inc | Stock-Industrials | 3.48% | -0.36% | -0.34% | |
| 15 | RTX | Rtx CORP | Stock-Industrials | 3.35% | -1.08% | +0.44% | |
| 16 | AAPL | Apple Inc | Stock-Tech | 3.15% | -0.46% | -0.10% | |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 2.76% | -0.66% | +0.78% | |
| 18 | RSPN | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 2.43% | -0.41% | +0.71% | |
| 19 | ROBO | Robo Global Robotics And Aut | ETF-Other | 1.89% | -0.05% | +1.57% | |
| 20 | AZO | Autozone Inc | Stock-Consumer Disc | 1.75% | -0.67% | — | |
| 21 | IBN | Icici Bank Ltd-spon Adr | Stock-Financials | 1.72% | +0.16% | +28.21% | |
| 22 | SMH | Vaneck Semiconductor ETF | ETF-Other | 0.71% | +0.17% | — | |
| 23 | MSFT | Microsoft CORP | Stock-Tech | 0.17% | -0.10% | -19.69% | |
| 24 | GLD | Spdr Gold Shares | ETF-Commodities | 0.09% | -0.05% | — | |
| 25 | TXN | Texas Instruments Inc | Stock-Tech | 0.05% | +0.05% | NEW | |
| 26 | SCHA | Schwab US Small-cap ETF | ETF-Other | 0.05% | +0.05% | NEW | |
| 27 | EMR | Emerson Electric Co | Stock-Industrials | 0.05% | +0.05% | NEW | |
| 28 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.05% | +0.05% | NEW |
Portfolio Performance
Performance for Q3 2026
-9.9%
Performance Last 4 Quarters
+25.1%
- Stdev
- +20.1%
- Beta
- +1.3
- Alpha
- +4.6%
- Max Drawdown
- -13.7%
- Annualized Perf
- +35.6%
- Batting Avg vs S&P
- +61.1%
- Sortino
- +3.52
- Stutzer
- +0.48
- Treynor
- +0.25
- Sterling
- +1.84
- Calmar
- +2.6
- Information Ratio
- +0.9
- Tracking Error
- +12.4%
- Stdev Down
- +9.3%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +64.9%
- Worst 12 Months
- +7.9%
- Efficiency Ratio
- +0.8
- Sharpe
- +1.63
- Stdev Sectors
- +16.3%
- Skewness
- -0.09
- Kurtosis
- -0.61
- Upside Potential
- +5.08
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 28 | $456.4M | 28 | ||
| 2026 Q1 | 25 | $349.2M | 17 | ||
| 2025 Q4 | 23 | $330.0M | 15 | ||
| 2025 Q3 | 25 | $329.0M | 32 | ||
| 2025 Q2 | 25 | $296.5M | 0 | ||
| 2025 Q1 | 25 | $246.3M | 0 | ||
| 2024 Q4 | 26 | $264.7M | 0 | ||
| 2024 Q3 | 28 | $266.6M | 0 | ||
| 2024 Q2 | 27 | $256.7M | 0 | ||
| 2024 Q1 | 30 | $243.4M | 0 | ||
| 2023 Q4 | 31 | $208.3M | 0 | ||
| 2023 Q3 | 32 | $176.6M | 0 | ||
| 2023 Q2 | 32 | $192.5M | 0 | ||
| 2023 Q1 | 33 | $174.8M | 0 | ||
| 2022 Q4 | 35 | $162.1M | 0 | ||
| 2022 Q3 | 35 | $153.1M | 0 | ||
| 2022 Q2 | 36 | $161.4M | 0 | ||
| 2022 Q1 | 37 | $192.1M | 0 | ||
| 2021 Q4 | 38 | $203.7M | 0 |
Holding changes this quarter
Carmel Capital Management L.L.C.'s most significant position changes for 2026-06-30: Sold out: Wisdomtree India Earnings (EPI); New buy: Texas Instruments Inc (TXN); New buy: Schwab US Small-cap ETF (SCHA); New buy: Emerson Electric Co (EMR); New buy: Schwab US Large-cap ETF (SCHX).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMAT | Applied Materials Inc | +3.9% | -10.79% | Trim |
| 2 | GTX | Garrett Motion Inc | +2.2% | +53.03% | Add |
| 3 | ASML | ASML Holding N.V. | +0.8% | -0.23% | Trim |
| 4 | KLAC | Kla CORP | +0.7% | +625.95% | Add |
| 5 | NXPI | NXP Semiconductors N.V. | +0.4% | +0.06% | Add |
| 6 | TER | Teradyne Inc | +0.2% | -16.19% | Trim |
| 7 | SMH | Vaneck Semiconductor ETF | +0.2% | — | Unchanged |
| 8 | IBN | Icici Bank Ltd-spon Adr | +0.2% | +28.21% | Add |
| 9 | ENS | Enersys | +0.1% | +0.13% | Add |
| 10 | TXN | Texas Instruments Inc | +0.1% | NEW | New buy |
| 11 | SCHA | Schwab US Small-cap ETF | +0.1% | NEW | New buy |
| 12 | EMR | Emerson Electric Co | +0.1% | NEW | New buy |
| 13 | SCHX | Schwab US Large-cap ETF | +0.1% | NEW | New buy |
| 14 | VLO | Valero Energy CORP | 0% | +25.38% | Add |
| 15 | ROBO | Robo Global Robotics And Aut | -0.1% | +1.57% | Add |
| 16 | GLD | Spdr Gold Shares | -0.1% | — | Unchanged |
| 17 | MSFT | Microsoft CORP | -0.1% | -19.69% | Trim |
| 18 | EWBC | East West Bancorp Inc | -0.3% | -0.16% | Trim |
| 19 | C | Citigroup Inc | -0.3% | +0.06% | Add |
| 20 | RBC | RBC Bearings Inc | -0.4% | -0.34% | Trim |
| 21 | RSPN | Invesco S&p 500 Equal Weight | -0.4% | +0.71% | Add |
| 22 | AAPL | Apple Inc | -0.5% | -0.10% | Trim |
| 23 | EPI | Wisdomtree India Earnings | -0.6% | EXIT | Sold out |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | -0.7% | +0.78% | Add |
| 25 | AZO | Autozone Inc | -0.7% | — | Unchanged |
| 26 | JPM | Jpmorgan Chase & Co | -0.8% | +0.07% | Add |
| 27 | AVGO | Broadcom Inc | -0.8% | -0.10% | Trim |
| 28 | RTX | Rtx CORP | -1.1% | +0.44% | Add |
| 29 | VST | Vistra CORP | -2.1% | +0.55% | Add |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Carmel Capital Management L.L.C. and what type of investor is it?
Carmel Capital Management L.L.C. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $456.4M, spread across 28 disclosed positions.
What are Carmel Capital Management L.L.C.'s largest equity positions?
Based on the latest 13F filing, Carmel Capital Management L.L.C.'s top holdings by market value are:
1. Applied Materials Inc (AMAT) — $57.3M (12.6%)
2. Broadcom Inc (AVGO) — $53.4M (11.7%)
3. Vistra CORP (VST) — $40.7M (8.9%)
4. ASML Holding N.V. (ASML) — $27.7M (6.1%)
5. Kla CORP (KLAC) — $26.3M (5.8%)
What changes did Carmel Capital Management L.L.C. make in its most recent portfolio filing?
In the latest reported quarter, Carmel Capital Management L.L.C. made 26 notable position adjustments: 4 new positions were initiated, 13 existing holdings were added to, 8 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Wisdomtree India Earnings (EPI); New buy: Texas Instruments Inc (TXN); New buy: Schwab US Small-cap ETF (SCHA); New buy: Emerson Electric Co (EMR); New buy: Schwab US Large-cap ETF (SCHX)
What sectors does Carmel Capital Management L.L.C. focus on?
Carmel Capital Management L.L.C. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 52.1%
• Financials: 16.5%
• Industrials: 11.6%
• Utilities: 9.7%
• Consumer Discretionary: 6.1%
• Energy: 4.1%
Investment Profile
Carmel Capital Management L.L.C. returned an annualized 35.6% over the trailing 36 months — outperforming the S&P 500 by 4.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.30 (more volatile than the market) and a 61% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 52.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 28 over the past 4 quarters — a shift toward more active trading.
It has added to its AMAT position over the past two quarters (+$33.8M, now $57.3M), while trimming AZO over the same stretch (-$502.7K, still holding $8.0M).
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Developer Access
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