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Carmel Capital Management L.L.C.

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13F filer, CIK 1878547, CARMEL, CA

Carmel Capital Management L.L.C. reported $328,982,170 across 25 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-12. Its ten largest share positions make up 68.08% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001754960-25-000776

Period
2025-09-30
Reported value
$329M
Holdings
25
Top 10 weight
68.08%
New
0
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AMATadded+4,748$972K
VLOadded+2,825$481K
NXPIadded+2,075$473K
EWBCadded+4,105$437K
TERadded+2,425$334K

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
AVGOreduced-8,210-$2.71M
GPKreduced-67,625-$1.32M
FISVreduced-450-$58K

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, Q3 2025

Share positions as resolved from 13F-HR 0001754960-25-000776, largest first. % of portfolio is the value over $328,982,170, 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; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 266,089 shares; 2024Q4: 255,439 shares; 2025Q1: 255,299 shares; 2025Q2: 254,764 shares; 2025Q3: 255,907 shares 255,907$50.1M15.24%+1,143Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 173,080 shares; 2024Q4: 167,575 shares; 2025Q1: 155,730 shares; 2025Q2: 155,660 shares; 2025Q3: 147,450 shares 147,450$48.6M14.79%-8,210Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,657 shares; 2024Q4: 61,447 shares; 2025Q1: 61,372 shares; 2025Q2: 61,272 shares; 2025Q3: 61,377 shares 61,377$19.4M5.88%+105Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 87,025 shares; 2024Q4: 86,375 shares; 2025Q1: 87,085 shares; 2025Q2: 87,085 shares; 2025Q3: 91,833 shares 91,833$18.8M5.72%+4,748Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,675 shares; 2024Q4: 153,525 shares; 2025Q1: 173,775 shares; 2025Q2: 174,225 shares; 2025Q3: 176,349 shares 176,349$17.9M5.44%+2,124Timeline
KLACKLA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,015 shares; 2024Q4: 13,005 shares; 2025Q1: 13,273 shares; 2025Q2: 13,303 shares; 2025Q3: 13,532 shares 13,532$14.6M4.44%+229Timeline
NXPINXP SEMICONDUCTORS N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 64,027 shares; 2024Q4: 58,697 shares; 2025Q1: 58,657 shares; 2025Q2: 58,577 shares; 2025Q3: 60,652 shares 60,652$13.8M4.2%+2,075Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,751 shares; 2024Q4: 13,943 shares; 2025Q1: 13,993 shares; 2025Q2: 13,973 shares; 2025Q3: 14,198 shares 14,198$13.7M4.18%+225Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,396 shares; 2024Q4: 78,346 shares; 2025Q1: 79,196 shares; 2025Q2: 79,196 shares; 2025Q3: 81,141 shares 81,141$13.6M4.13%+1,945Timeline
EWBCEAST WEST BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 123,770 shares; 2024Q4: 121,045 shares; 2025Q1: 121,545 shares; 2025Q2: 121,895 shares; 2025Q3: 126,000 shares 126,000$13.4M4.08%+4,105Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,847 shares; 2024Q4: 55,412 shares; 2025Q1: 55,272 shares; 2025Q2: 49,492 shares; 2025Q3: 49,542 shares 49,542$12.6M3.83%+50Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,262 shares; 2024Q4: 24,257 shares; 2025Q1: 24,027 shares; 2025Q2: 23,885 shares; 2025Q3: 24,475 shares 24,475$12.3M3.74%+590Timeline
AZOAUTOZONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,708 shares; 2024Q4: 2,508 shares; 2025Q1: 2,506 shares; 2025Q2: 2,503 shares; 2025Q3: 2,548 shares 2,548$10.9M3.32%+45Timeline
RSPNINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 175,785 shares; 2024Q4: 167,785 shares; 2025Q1: 167,660 shares; 2025Q2: 168,260 shares; 2025Q3: 168,935 shares 168,935$9.48M2.88%+675Timeline
VLOVALERO ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,111 shares; 2024Q4: 48,011 shares; 2025Q1: 48,311 shares; 2025Q2: 48,311 shares; 2025Q3: 51,136 shares 51,136$8.71M2.65%+2,825Timeline
TERTERADYNE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,434 shares; 2024Q4: 57,334 shares; 2025Q1: 57,159 shares; 2025Q2: 57,159 shares; 2025Q3: 59,584 shares 59,584$8.2M2.49%+2,425Timeline
RBCRBC BEARINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,728 shares; 2024Q4: 19,728 shares; 2025Q1: 19,728 shares; 2025Q2: 19,718 shares; 2025Q3: 19,723 shares 19,723$7.7M2.34%+5Timeline
ENSENERSYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,445 shares; 2024Q4: 45,045 shares; 2025Q1: 66,295 shares; 2025Q2: 66,095 shares; 2025Q3: 66,295 shares 66,295$7.49M2.28%+200Timeline
ROBOEXCHANGE TRADED CONCEPTS TRUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,965 shares; 2024Q4: 97,715 shares; 2025Q1: 97,965 shares; 2025Q2: 97,890 shares; 2025Q3: 98,140 shares 98,140$6.43M1.96%+250Timeline
GPKGRAPHIC PACKAGING HLDG COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 373,275 shares; 2024Q4: 373,275 shares; 2025Q1: 373,875 shares; 2025Q2: 375,675 shares; 2025Q3: 308,050 shares 308,050$6.03M1.83%-67,625Timeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,240 shares; 2024Q4: 46,610 shares; 2025Q1: 46,610 shares; 2025Q2: 46,860 shares; 2025Q3: 46,410 shares 46,410$5.98M1.82%-450Timeline
EPIWISDOMTREE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,705 shares; 2024Q4: 127,705 shares; 2025Q1: 129,005 shares; 2025Q2: 129,405 shares; 2025Q3: 130,355 shares 130,355$5.76M1.75%+950Timeline
SMHVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,122 shares; 2024Q4: 5,112 shares; 2025Q1: 5,062 shares; 2025Q2: 5,062 shares; 2025Q3: 5,062 shares 5,062$1.65M0.5%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,539 shares; 2024Q4: 2,539 shares; 2025Q1: 2,539 shares; 2025Q2: 2,539 shares; 2025Q3: 2,539 shares 2,539$1.32M0.4%0Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,005 shares; 2024Q4: 1,005 shares; 2025Q1: 1,005 shares; 2025Q2: 955 shares; 2025Q3: 1,120 shares 1,120$398K0.12%+165Timeline

How Q3 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 0001754960-25-000776 base2025-11-12acceptance time not in the bulk data set