Carmel Capital Management L.L.C.

Q4 2025 13F-HR Holdings

Location
Carmel, CA
Holdings as of
12/31/2025
Date filed
1/28/2026
Form type
13F-HR
Num holdings
23
Total value ($000)
$330,023
Net value change ($000)
+1,041 (0.3%)
New positions
0
Sold out positions
2
Turnover %
3.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AMAT 4,686 24.9%
TER 3,371 41.1%
ENS 3,208 42.8%
C 2,983 16.7%
KLAC 1,889 12.9%
ASML 1,466 10.7%
RTX 1,336 9.8%
RBC 1,173 15.2%
AAPL 893 7.1%
AVGO 823 1.7%
Top Reduces (Value $000, Stocks/ETFs)
VST -8,941 -17.8%
GPK -6,029 -100.0%
FISV -5,984 -100.0%
AZO -2,436 -22.3%
NXPI -373 -2.7%
VLO -146 -1.7%
MSFT -87 -6.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type