Garrett Motion adds a turbocharged twist to Carmel's AI-heavy portfolio
Key Points
Acquired 314,750 shares, an estimated $5.87 million trade based on quarterly average pricing
Quarter-end position value rose by $5.72 million, reflecting both new shares and price moves
Transaction represented a 1.7% change in 13F reportable assets under management
Post-trade holding: 314,750 shares valued at $5.72 million
New stake accounts for 1.6% of fund AUM, placing it outside the fund's top five holdings
On April 23, 2026, Carmel Capital Management L.L.C. disclosed a new position in Garrett Motion (NASDAQ:GTX), acquiring 314,750 shares in the first quarter. The estimated transaction value is $5.87 million, based on quarterly average pricing.
- Acquired 314,750 shares, an estimated $5.87 million trade based on quarterly average pricing
- Quarter-end position value rose by $5.72 million, reflecting both new shares and price moves
- Transaction represented a 1.7% change in 13F reportable assets under management
- Post-trade holding: 314,750 shares valued at $5.72 million
- New stake accounts for 1.6% of fund AUM, placing it outside the fund's top five holdings
What happened
According to a filing with the Securities and Exchange Commission dated April 23, 2026, Carmel Capital Management L.L.C. established a new position in Garrett Motion by purchasing 314,750 shares. The estimated transaction value was $5.87 million, based on the average closing prices during the first quarter. The quarter-end value of the stake stood at $5.72 million, reflecting both trade activity and stock price changes.
What else to know
- This was a new position, representing 1.6% of the fund’s 13F assets under management as of March 31, 2026.
- Top holdings after the filing:
- NASDAQ:AVGO: $43.80 million (12.5% of AUM)
- NYSE:VST: $38.32 million (11.0% of AUM)
- NASDAQ:AMAT: $30.37 million (8.7% of AUM)
- NYSE:C: $20.09 million (5.8% of AUM)
- NASDAQ:ASML: $18.44 million (5.3% of AUM)
- As of April 24, 2026, GTX shares were priced at $21.01, up 129.0% over the past year, outperforming the S&P 500 by 98.46 percentage points.
Company overview
| Metric | Value |
|---|---|
| Market capitalization | $3.90 billion |
| Revenue (TTM) | $3.58 billion |
| Net income (TTM) | $310.00 million |
| Price (as of market close April 24, 2026) | $21.01 |
Company snapshot
- Garrett Motion designs and manufactures turbochargers, electric-boosting technologies, and automotive software solutions for light and commercial vehicles.
- The company generates revenue primarily through sales of advanced propulsion and boosting systems to original equipment manufacturers and aftermarket distributors globally.
- GTX serves automotive OEMs and aftermarket distributors, targeting both light vehicle and commercial vehicle segments worldwide.
Garrett Motion is a leading supplier of turbocharging and electric-boosting technologies, with a global presence and a diversified customer base in the automotive sector. The company leverages engineering expertise to deliver high-performance, emission-reducing solutions for both light and commercial vehicles. Its strategic focus on innovation and strong OEM relationships supports a resilient business model and positions it as a key player in the evolving automotive landscape.
What this transaction means for investors
The headlines on this 13F write themselves around the top of the book — Broadcom, Vistra, Applied Materials, ASML — and that's a clean AI infrastructure story. But it's not the whole portfolio. Sitting underneath those names is a meaningful industrial and auto-supplier cluster: NXP Semiconductors (NASDAQ:NXPI), one of the largest automotive chipmakers globally; AutoZone (NYSE:AZO), the aftermarket parts retailer; EnerSys, which makes industrial batteries including motive power applications; RBC Bearings NYSE:RBC), a precision components supplier; and RTX (NYSE:RTX), whose jet engine business runs on turbines that share design DNA with turbochargers. Read against that backdrop, Garrett Motion isn't as out-of-pattern as it first looks. A turbocharger and electric-boosting supplier to automotive OEMs slots reasonably well into a portfolio that already owns auto chips, aftermarket parts, motive batteries, and aerospace propulsion. That doesn't tell you the trade will work, and it doesn't tell you anything about why Carmel made it. What it does suggest is that this is a manager who tracks the auto and industrial supply chain alongside the AI build-out, and Garrett is a recognizable name in that lane. For investors, the useful reframe is to stop reading 13F top-fives as the portfolio and start reading the full list. The interesting positions are often the smaller ones.
Citigroup is an advertising partner of Motley Fool Money. Seena Hassouna has positions in ASML and Garrett Motion. The Motley Fool has positions in and recommends ASML, Applied Materials, Broadcom, NXP Semiconductors, RBC Bearings, and RTX. The Motley Fool recommends Garrett Motion. The Motley Fool has a disclosure policy.