Managers / Q1 2026
Carmel Capital Management L.L.C.
CIK 0001878547 · 26350 CARMEL RANCHO LANE, SUITE 225, CARMEL, CA, 93923 · 831-625-1375
Summary
Carmel Capital Management L.L.C. reported $349M in U.S.-listed holdings across 25 positions for Q1 2026.
Its largest position, AVGO, represents 12.5% of the portfolio.
Compared with Q4 2025, the fund opened 2 new positions and exited 0.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 83.4% · $291M
- Other · 9.0% · $31M
- ETP · 6.1% · $21M
- ADR · 1.6% · $5M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GTXGARRETT MOTION INC | NEW | +314.8K | 314.8K | +$6M | $6M |
| IBNICICI BANK LIMITED | NEW | +211.0K | 211.0K | +$5M | $5M |
| WISDOMTREE TR | TRIMMED | −86.0K | 51.8K | −$4M | $2M |
| RBCRBC BEARINGS INC | ADDED | +4.9K | 24.7K | +$5M | $13M |
| TERTERADYNE INC | TRIMMED | −9.7K | 50.1K | +$3M | $15M |
| KLACKLA CORP | TRIMMED | −1.6K | 12.0K | +$1M | $18M |
| NXP SEMICONDUCTORS N V | ADDED | +4.0K | 65.9K | −$473,026 | $13M |
| AMATAPPLIED MATLS INC | HELD | −2.5K | 88.8K | +$7M | $30M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $349M | 25 | Apr 24, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $330M | 23 | Jan 28, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $329M | 25 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $297M | 25 | Aug 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $246M | 25 | Apr 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $265M | 26 | Jan 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $267M | 28 | Oct 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $257M | 27 | Aug 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $243M | 30 | Apr 22, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $208M | 31 | Jan 22, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $177M | 32 | Oct 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $193M | 32 | Jul 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $175M | 33 | Apr 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $162M | 35 | Jan 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $153M | 35 | Oct 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $161M | 36 | Jul 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $192M | 37 | Apr 19, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $204M | 38 | Feb 17, 2022 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.