Carmel Capital Partners, LLC

Hedge Fund • Value

Carmel Capital Partners, LLC is a Value-focused Hedge Fund based in San Diego, CA led by Russell Gavin Silberstein, reporting $380.3M in AUM as of Q3 2025 with 31% ETF concentration and 51% concentrated in top 10 holdings.

Managing PartnerRussell Gavin Silberstein

Portfolio Value: $239.6M
Positions: 105
Top Holding: HD at 13.39%
Last Reported: Q3 2025

Address12760 High Bluff Drive, Suite 210, San Diego, CA, 92130, United States

Top Holdings

Largest long holdings in Carmel Capital Partners, LLC's portfolio (50.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Home Depot HD	Home Improvement Consumer Cyclical	$32.1M	13.39%	-$751.2K Sold	0.01% 79.2K shares	Q4 2021 Held for 3y 11m
2 WisdomTree Floating Rate Treasury Fund USFR	ETF ETF	$27.2M	11.33%	-$2.8M Sold	— 540.1K shares	Q4 2022 Held for 2y 11m
3 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$20.7M	8.63%	-$2.1M Sold	0.00% 113.4K shares	Q4 2021 Held for 3y 11m
4 Lennar LEN	Residential Construction Consumer Cyclical	$12.6M	5.26%	-$8.1K Sold	0.04% 99.9K shares	Q4 2021 Held for 3y 11m
5 Panagram CLOZ	ETF ETF	$5.7M	2.37%	+$5.7M New	— 211.5K shares	Q3 2025 Held for 2 months
6 VanEck Preferred Securities ex Financials PFXF	ETF ETF	$5.0M	2.08%	-$3.8M Sold	— 280.7K shares	Q4 2023 Held for 1y 11m
7 Capital Group U.S. Multi-Sector Income CGMS	ETF ETF	$4.8M	1.98%	-$1.2M Sold	— 171.4K shares	Q1 2025 Held for 8 months
8 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$4.6M	1.92%	-$777.8K Sold	0.00% 10.4K shares	Q4 2021 Held for 3y 11m
9 Invesco BulletShares 2031 Corporate Bond BSCV	ETF ETF	$4.6M	1.92%	+$4.6M Bought	— 275.2K shares	Q3 2025 Held for 2 months
10 Invesco BulletShares 2029 Corporate Bond BSCT	ETF ETF	$4.6M	1.91%	-$1.4M Sold	— 243.0K shares	Q1 2025 Held for 8 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Carmel Capital Partners, LLC's latest filing

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Market Value

$239.6M

Prior: $287.3M

Q/Q Change

-16.58%

-$47.6M

Net Flows % of MV

-30.12%

Turnover Ratio

20.73%

New Purchases

4 stocks

$13.2M

Added To

5 stocks

+$301.8K

Sold Out Of

56 stocks

$32.5M

Reduced Holdings

83 stocks

-$53.3M

Increased Positions

Position	Shares Δ	Change
1 Panagram CLOZ	New	0 → 211.5K +$5.7M
2 CLOX Panagram AAA CLO CLOX	New	0 → 172.8K +$4.4M
3 Apollo Commercial Real Estate Finance ARI	New	0 → 224.6K +$2.3M
4 QXO, Inc. QXO	New	0 → 46.4K +$883.6K
5 SCHX Schwab U.S. Large-Cap ETF SCHX	+7.5%	18.0K → 19.4K +$35.6K

Decreased Positions

Position	Shares Δ	Change
1 Invesco BulletShares 2027 Corporate Bond BSCR	Sold	301.2K → 0 −$5.9M
2 Invesco BulletShares 2026 Corporate Bond BSCQ	Sold	300.7K → 0 −$5.9M
3 Micron Technology MU	Sold	20.5K → 0 −$2.5M
4 iShares iBonds Dec 2027 Term Treasury IBTH	Sold	81.5K → 0 −$1.8M
5 Cardinal Health CAH	Sold	3.7K → 0 −$626.0K

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Analytics

Portfolio insights and performance metrics for Carmel Capital Partners, LLC

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Sector Allocation

ETF

31.10%

Consumer Cyclical

24.90%

Technology

17.10%

Financial Services

7.00%

Healthcare

4.70%

Industrials

4.50%

Communication Services

3.50%

Real Estate

2.20%

Consumer Defensive

0.90%

Basic Materials

0.70%

Utilities

0.70%

Energy

0.30%

Market Cap Distribution

Mega Cap (> $200B)

32.14%

Large Cap ($10B - $200B)

30.04%

Mid Cap ($2B - $10B)

4.51%

Small Cap ($300M - $2B)

1.04%

Micro Cap ($50M - $300M)

0.04%

Nano Cap (< $50M)

0.60%

N/A (ETF or Unknown)

31.62%

Portfolio Concentration

Top 10 Holdings %

50.79%

Top 20 Holdings %

64.93%

Top 50 Holdings %

86.49%

Top 100 Holdings %

99.61%