Carmel Capital Management L.L.C. — 13F Holdings & Portfolio
CIK 1878547 · latest 13F-HR filed 2026-07-23
Carmel Capital Management L.L.C. manages $456.4M in 13F-reported U.S. long-equity assets across 28 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AMAT (12.56%), AVGO (11.70%), VST (8.91%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions and exited 1; 20 existing positions rose in reported value and 3 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-07-23
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 67.2%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 27, 2026.
SUITE 210
SAN DIEGO, CA 92130
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| CARMEL HOLD CO., LLC Control | OWNER since Apr 2023 | 75% or more | Domestic Entity |
| SILBERSTEIN, RUSSELL, GAVIN Control | MANAGING MEMBER/CHIEF COMPLIANCE OFFICER since Aug 2004 | 50–75% | Individual |
| CCP LEGACY HOLDINGS Control Indirect owner via CARMEL HOLD CO., LLC | OWNER since Apr 2023 | 50–75% | Domestic Entity |
| SILBERSTEIN, RUSSELL, GAVIN Control Indirect owner via CCP LEGACY HOLDINGS | OWNER since Apr 2023 | 75% or more | Individual |
Ownership & leadership changes · 6 filings with changes since Mar 23, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedEDGE STRATEGIC CAPITAL · OWNER · 25–50% · indirect via CARMEL HOLD CO., LLC · control person · listed since Apr 2023
- No longer listedHEITMAN, MATTHEW · OWNER · General partner, trustee or manager · indirect via EDGE STRATEGIC CAPITAL · listed since Jan 2020
- No longer listedMANELA, JONATHAN, DAVID · OWNER · 75% or more · indirect via EDGE STRATEGIC CAPITAL · control person · listed since Jan 2020
- No longer listedStevens, Roberto, Guillermo · OWNER · General partner, trustee or manager · indirect via EDGE STRATEGIC CAPITAL · listed since Sep 2022
- AddedCARMEL HOLD CO., LLC · OWNER · 75% or more · control person
- AddedCCP LEGACY HOLDINGS · OWNER · 50–75% · indirect via CARMEL HOLD CO., LLC · control person
- AddedEDGE STRATEGIC CAPITAL · OWNER · 25–50% · indirect via CARMEL HOLD CO., LLC · control person
- AddedHEITMAN, MATTHEW · OWNER · General partner, trustee or manager · indirect via EDGE STRATEGIC CAPITAL
- AddedMANELA, JONATHAN, DAVID · OWNER · 75% or more · indirect via EDGE STRATEGIC CAPITAL · control person
- AddedSILBERSTEIN, RUSSELL, GAVIN · OWNER · 75% or more · indirect via CCP LEGACY HOLDINGS · control person
- AddedStevens, Roberto, Guillermo · OWNER · General partner, trustee or manager · indirect via EDGE STRATEGIC CAPITAL
- No longer listedJOSEPHSON, ANTHONY, ALAN · CO-OWNER · 50–75% · control person · listed since Aug 2004
- ChangedJOSEPHSON, ANTHONY, ALAN · title MANAGING MEMBER/CHIEF COMPLIANCE OFFICER → CO-OWNER
- ChangedSILBERSTEIN, RUSSELL, GAVIN · title MANAGING MEMBER → MANAGING MEMBER/CHIEF COMPLIANCE OFFICER
- ChangedJOSEPHSON, ANTHONY, ALAN · title MANAGING MEMBER → MANAGING MEMBER/CHIEF COMPLIANCE OFFICER
- ChangedSILBERSTEIN, RUSSELL, GAVIN · title MANAGING MEMBER/CHIEF COMPLIANCE OFFICER → MANAGING MEMBER
- No longer listedCHOE, PETER, WOONG · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Nov 2010
- ChangedSILBERSTEIN, RUSSELL, GAVIN · title MANAGING MEMBER → MANAGING MEMBER/CHIEF COMPLIANCE OFFICER
- ListedCHOE, PETER, WOONG · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedJOSEPHSON, ANTHONY, ALAN · MANAGING MEMBER · 50–75% · control person
- ListedSILBERSTEIN, RUSSELL, GAVIN · MANAGING MEMBER · 50–75% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- APPLIED MATLS INC$26.9M +88.7%
- GARRETT MOTION INC$11.7M +205.1%
- BROADCOM INC$9.6M +21.9%
- ASML HLDG NV$9.3M +50.3%
- KLA CORP$8.6M +48.8%
Top Trims
- AUTOZONE INC-$454.8K -5.4%
- MICROSOFT CORP-$179.3K -19.1%
- SPDR GOLD TR-$69.3K -14.4%
New Positions
- TEXAS INSTRS INC$247.7K
- SCHWAB STRATEGIC TR$233.3K
- EMERSON ELEC CO$214.7K
- SCHWAB STRATEGIC TR$211.9K
Carmel Capital Management L.L.C. Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | APPLIED MATLS INC | AMAT | 038222105 | $57.3M | 12.56% | 79,258 | SH |
| 2 | BROADCOM INC | AVGO | 11135F101 | $53.4M | 11.70% | 141,369 | SH |
| 3 | VISTRA CORP | VST | 92840M102 | $40.7M | 8.91% | 256,306 | SH |
| 4 | ASML HLDG NV | ASML | N07059210 | $27.7M | 6.07% | 13,931 | SH |
| 5 | KLA CORP | KLAC | 482480100 | $26.3M | 5.75% | 87,020 | SH |
| 6 | CITIGROUP INC | C | 172967424 | $24.8M | 5.44% | 177,259 | SH |
| 7 | JPMORGAN CHASE & CO | JPM | 46625H100 | $20.3M | 4.46% | 62,144 | SH |
| 8 | TERADYNE INC | TER | 880770102 | $20.3M | 4.45% | 41,957 | SH |
| 9 | NXP SEMICONDUCTORS N V | NXPI | N6596X109 | $18.5M | 4.06% | 65,902 | SH |
| 10 | GARRETT MOTION INC | GTX | 366505105 | $17.5M | 3.82% | 481,650 | SH |
| 11 | ENERSYS | ENS | 29275Y102 | $17.2M | 3.78% | 73,760 | SH |
| 12 | VALERO ENERGY CORP | VLO | 91913Y100 | $17.2M | 3.76% | 65,933 | SH |
| 13 | EAST WEST BANCORP INC | EWBC | 27579R104 | $16.2M | 3.56% | 125,880 | SH |
| 14 | RBC BEARINGS INC | RBC | 75524B104 | $15.9M | 3.48% | 24,625 | SH |
| 15 | RTX CORPORATION | RTX | 75513E101 | $15.3M | 3.35% | 80,526 | SH |
| 16 | APPLE INC | AAPL | 037833100 | $14.4M | 3.15% | 49,612 | SH |
| 17 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $12.6M | 2.76% | 25,145 | SH |
| 18 | INVESCO EXCHANGE TRADED FD T | RSPN | 46137V324 | $11.1M | 2.43% | 173,445 | SH |
| 19 | EXCHANGE TRADED CONCEPTS TRU | ROBO | 301505707 | $8.6M | 1.89% | 100,490 | SH |
| 20 | AUTOZONE INC | AZO | 053332102 | $8.0M | 1.75% | 2,501 | SH |
| 21 | ICICI BANK LIMITED | IBN | 45104G104 | $7.9M | 1.72% | 270,525 | SH |
| 22 | VANECK ETF TRUST | SMH | 92189F676 | $3.2M | 0.71% | 4,937 | SH |
| 23 | MICROSOFT CORP | MSFT | 594918104 | $760.6K | 0.17% | 2,039 | SH |
| 24 | SPDR GOLD TR | GLD | 78463V107 | $412.6K | 0.09% | 1,120 | SH |
| 25 | TEXAS INSTRS INC | TXN | 882508104 | $247.7K | 0.05% | 831 | SH |
| 26 | SCHWAB STRATEGIC TR | SCHA | 808524607 | $233.3K | 0.05% | 6,456 | SH |
| 27 | EMERSON ELEC CO | EMR | 291011104 | $214.7K | 0.05% | 1,500 | SH |
| 28 | SCHWAB STRATEGIC TR | SCHX | 808524201 | $211.9K | 0.05% | 7,200 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-23 | $456.4M | 28 | 0001754960-26-000626 |
| 2026-03-31 | 2026-04-24 | $349.2M | 25 | 0001754960-26-000318 |
| 2025-12-31 | 2026-01-28 | $330.0M | 23 | 0001754960-26-000131 |
SUITE 225
CARMEL, CA 93923