Carmel Capital Management L.L.C.
Sector Allocation
- Technology51.7%$236.1M
- Financials20.4%$93.3M
- Industrials10.7%$48.8M
- Utilities8.9%$40.7M
- Energy3.8%$17.2M
- Other2.7%$12.3M
- Consumer Discretionary1.8%$8.0M
AUM History
13fpro.ai/research/fund/carmel-capital-management-l-l-c-1878547
Conviction and streaks
Concentrating · top 10 = 67.2%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
AMAT
$57.3MAVGO
$53.4MVST
$40.7MASML
$27.7MKLAC
$26.3MC
$24.8MJPM
$20.3MTER
$20.3MNXPI
$18.5MGTX
$17.5MENS
$17.2MVLO
$17.2MEWBC
$16.2MRBC
$15.9MRTX
$15.3MAAPL
$14.4MBRK.B
$12.6MIVZ
$11.1M- EXCHANGE$8.6M
AZO
$8.0M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/carmel-capital-management-l-l-c-1878547
Carmel Capital Management L.L.C. 13F holdings — Q2 2026
$456.4M portfolio (+30.7% QoQ) · 28 holdings · Q2 2026 13F · top 10 are 67% of the stock portfolio
$57.3M
12.6% of stocks
-11%This quarter-29.6%Since filed10+ qtrsHeldAIQuality71.6#176Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$53.4M
11.7% of stocks
-0.1%This quarter-12.8%Since filed10+ qtrsHeld$40.7M
8.9% of stocks
+0.5%This quarter-13.2%Since filed10+ qtrsHeld$27.7M
6.1% of stocks
-0.2%This quarter-9.3%Since filed10+ qtrsHeld$26.3M
5.8% of stocks
+626%This quarter-29.8%Since filed10+ qtrsHeld$24.8M
5.4% of stocks
+0.1%This quarter-7.0%Since filed10+ qtrsHeld$20.3M
4.5% of stocks
+0.1%This quarter-4.0%Since filed10+ qtrsHeld$20.3M
4.5% of stocks
-16%This quarter-13.4%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$18.5M
4.1% of stocks
+0.1%This quarter-8.6%Since filed10+ qtrsHeld$17.5M
3.8% of stocks
+53%This quarter-30.2%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row
All holdings — Carmel Capital Management L.L.C. (Q2 2026)
28 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | EnerSys | Technology | $17.2M | 3.8% | 74K | +0.1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | VALERO ENERGY CORP/TX | Energy | $17.2M | 3.8% | 66K | +25% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | EAST WEST BANCORP INC | Financials | $16.2M | 3.6% | 126K | -0.2% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | RBC Bearings INC | Industrials | $15.9M | 3.5% | 25K | -0.3% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | RTX Corp | Industrials | $15.3M | 3.4% | 81K | +0.4% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Apple Inc. | Technology | $14.4M | 3.1% | 50K | -0.1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | BERKSHIRE HATHAWAY INC | Financials | $12.6M | 2.8% | 25K | +0.8% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Invesco Ltd. | Financials | $11.1M | 2.4% | 173K | +0.7% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | — | EXCHANGE TRADED CONCEPTS TRU - ROBO GLB ETFetf/fund | — | $8.6M | 1.9% | 100K | +2% | — | — | 13F |
| 20 | AUTOZONE INC | Consumer Discretionary | $8.0M | 1.8% | 2,501 | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | ICICI BANK LTDadr | Financials | $7.9M | 1.7% | 271K | +28% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | — | VANECK ETF TRUST - SEMICONDUCTR ETFetf/fund | — | $3.2M | 0.7% | 4,937 | — | — | — | 13F |
| 23 | MICROSOFT CORP | Technology | $761K | 0.2% | 2,039 | -20% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | SPDR GOLD TRUSTetf/fund | Financials | $413K | 0.1% | 1,120 | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | TEXAS INSTRUMENTS INC | Technology | $248K | 0.1% | 831 | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | — | SCHWAB STRATEGIC TR - US SML CAP ETF | — | $233K | 0.1% | 6,456 | New | |||
| 27 | $EMR | EMERSON ELECTRIC CO | Industrials | $215K | 0.1% | 1,500 | New | |||
| 28 | — | SCHWAB STRATEGIC TR - US LRG CAP ETF | — | $212K | 0.1% | 7,200 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 4 new, 13 added to, 8 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
New positions (4)
Added to (13)
now $26.3M · held 10+ qtrs
now $17.5M · held 2 qtrs, 2 adds in a row
now $17.2M · held 10+ qtrs
$IBNICICI BANK LTD+28%
now $7.9M · held 2 qtrs, 2 adds in a row
now $40.7M · held 10+ qtrs
- EXCHANGE TRADED CONCEPTS TRU - ROBO GLB ETF+2%
now $8.6M
+7 more in the Excel export
Trimmed (8)
now $57.3M · held 10+ qtrs, 2 trims in a row
now $20.3M · held 10+ qtrs, 2 trims in a row
$MSFTMICROSOFT CORP-20%
now $761K · held 10+ qtrs
now $27.7M · held 10+ qtrs
now $53.4M · held 10+ qtrs
now $15.9M · held 10+ qtrs
+2 more in the Excel export
Sold out (1)
$WTWisdomTree, Inc.was $2.1M
held 9+ qtrs
Holdings by quarter
Every 13F Carmel Capital Management L.L.C. has filed, 18 earlier quarters. Pick one to see what it held then.
Is it too late to follow Carmel Capital Management L.L.C.?
Q2 2026 13F filed with the SEC on Jul 23, 2026. Prices are closing prices as of Oct 27, 2026.
Average quality of Carmel Capital Management L.L.C.'s top 20 holdings: 72/100 (our AI quality score, weighted by position size; 16 of the 20 are scored)
Top 10 since filing
-16.9%
Value-weighted move of the 10 largest stock positions
Turnover
3%
Last quarter; 9% over the last 4
Top 10 weight
67%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
94%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Carmel Capital Management L.L.C. disclosed 28 positions worth $456.4M in its Form 13F-HR for Q2 2026, led by $AMAT (APPLIED MATERIALS INC /DE) at 12.6% of the equity portfolio, followed by $AVGO and $VST. During the quarter the fund opened 4 new positions and exited 1 — including a new stake in $TXN and a full exit from $WT. The portfolio is most concentrated in Technology (51.7% of disclosed assets). All figures are sourced directly from Carmel Capital Management L.L.C.’s Form 13F-HR filing with the SEC under CIK 1878547.
Funds like this
managers whose biggest positions overlap Carmel Capital Management L.L.C.'sBrowse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: Carmel Capital Management L.L.C.
13F Pro is an AI hedge fund tracker and stock research platform. For Carmel Capital Management L.L.C. (SEC CIK: 1878547), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Carmel Capital Management L.L.C.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.