Skip to content
Disclosery

Carmel Capital Management L.L.C.

Follow

13F filer, CIK 1878547, CARMEL, CA

Carmel Capital Management L.L.C. reported $296,505,804 across 25 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-05. Its ten largest share positions make up 67.79% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001754960-25-000538

Period
2025-06-30
Reported value
$297M
Holdings
25
Top 10 weight
67.79%
New
0
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
FISVadded+250$43.1K
Cadded+450$38.3K
GPKadded+1,800$37.9K
EWBCadded+350$35.3K
RSPNadded+600$32.1K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
AAPLreduced-5,780-$1.19M
VSTreduced-535-$104K
BRK-Breduced-142-$69K
JPMreduced-100-$29K
AVGOreduced-70-$19.3K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001754960-25-000538, largest first. % of portfolio is the value over $296,505,804, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 266,089 shares; 2024Q4: 255,439 shares; 2025Q1: 255,299 shares; 2025Q2: 254,764 shares 254,764$49.4M16.65%-535Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 173,080 shares; 2024Q4: 167,575 shares; 2025Q1: 155,730 shares; 2025Q2: 155,660 shares 155,660$42.9M14.47%-70Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,657 shares; 2024Q4: 61,447 shares; 2025Q1: 61,372 shares; 2025Q2: 61,272 shares 61,272$17.8M5.99%-100Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 87,025 shares; 2024Q4: 86,375 shares; 2025Q1: 87,085 shares; 2025Q2: 87,085 shares 87,085$15.9M5.38%0Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,675 shares; 2024Q4: 153,525 shares; 2025Q1: 173,775 shares; 2025Q2: 174,225 shares 174,225$14.8M5%+450Timeline
NXPINXP SEMICONDUCTORS N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 64,027 shares; 2024Q4: 58,697 shares; 2025Q1: 58,657 shares; 2025Q2: 58,577 shares 58,577$12.8M4.32%-80Timeline
EWBCEAST WEST BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 123,770 shares; 2024Q4: 121,045 shares; 2025Q1: 121,545 shares; 2025Q2: 121,895 shares 121,895$12.3M4.15%+350Timeline
KLACKLA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,015 shares; 2024Q4: 13,005 shares; 2025Q1: 13,273 shares; 2025Q2: 13,303 shares 13,303$11.9M4.02%+30Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,262 shares; 2024Q4: 24,257 shares; 2025Q1: 24,027 shares; 2025Q2: 23,885 shares 23,885$11.6M3.91%-142Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,396 shares; 2024Q4: 78,346 shares; 2025Q1: 79,196 shares; 2025Q2: 79,196 shares 79,196$11.6M3.9%0Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,751 shares; 2024Q4: 13,943 shares; 2025Q1: 13,993 shares; 2025Q2: 13,973 shares 13,973$11.2M3.78%-20Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,847 shares; 2024Q4: 55,412 shares; 2025Q1: 55,272 shares; 2025Q2: 49,492 shares 49,492$10.2M3.42%-5,780Timeline
AZOAUTOZONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,708 shares; 2024Q4: 2,508 shares; 2025Q1: 2,506 shares; 2025Q2: 2,503 shares 2,503$9.29M3.13%-3Timeline
RSPNINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 175,785 shares; 2024Q4: 167,785 shares; 2025Q1: 167,660 shares; 2025Q2: 168,260 shares 168,260$9.01M3.04%+600Timeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,240 shares; 2024Q4: 46,610 shares; 2025Q1: 46,610 shares; 2025Q2: 46,860 shares 46,860$8.08M2.72%+250Timeline
GPKGRAPHIC PACKAGING HLDG COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 373,275 shares; 2024Q4: 373,275 shares; 2025Q1: 373,875 shares; 2025Q2: 375,675 shares 375,675$7.92M2.67%+1,800Timeline
RBCRBC BEARINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,728 shares; 2024Q4: 19,728 shares; 2025Q1: 19,728 shares; 2025Q2: 19,718 shares 19,718$7.59M2.56%-10Timeline
VLOVALERO ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,111 shares; 2024Q4: 48,011 shares; 2025Q1: 48,311 shares; 2025Q2: 48,311 shares 48,311$6.49M2.19%0Timeline
EPIWISDOMTREE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,705 shares; 2024Q4: 127,705 shares; 2025Q1: 129,005 shares; 2025Q2: 129,405 shares 129,405$6.14M2.07%+400Timeline
ROBOEXCHANGE TRADED CONCEPTS TRUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,965 shares; 2024Q4: 97,715 shares; 2025Q1: 97,965 shares; 2025Q2: 97,890 shares 97,890$5.85M1.97%-75Timeline
ENSENERSYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,445 shares; 2024Q4: 45,045 shares; 2025Q1: 66,295 shares; 2025Q2: 66,095 shares 66,095$5.67M1.91%-200Timeline
TERTERADYNE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,434 shares; 2024Q4: 57,334 shares; 2025Q1: 57,159 shares; 2025Q2: 57,159 shares 57,159$5.14M1.73%0Timeline
SMHVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,122 shares; 2024Q4: 5,112 shares; 2025Q1: 5,062 shares; 2025Q2: 5,062 shares 5,062$1.41M0.48%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,539 shares; 2024Q4: 2,539 shares; 2025Q1: 2,539 shares; 2025Q2: 2,539 shares 2,539$1.26M0.43%0Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,005 shares; 2024Q4: 1,005 shares; 2025Q1: 1,005 shares; 2025Q2: 955 shares 955$291K0.1%-50Timeline

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001754960-25-000538 base2025-08-05acceptance time not in the bulk data set