Islay Capital Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Islay Capital Management, LLC reported 195 stock positions worth $133.1 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 7.8% of the portfolio, followed by Schwab US Broad Market ETF (SCHB, 5.8%) and Invesco S&P 500 Equal Weight (RSPT, 5.2%). Compared with Q4 2023, it opened 12 new positions, sold out of 33, added to 31 and reduced 45. The biggest buy was NRG Energy (NRG, shares +2681%) and the biggest sale an exit from Rush Enterprises Class A (RUSHA).
- Most Recent 13F
- Q2 2026
- Location
- Lubbock, TX
- CIK
- 0001738560
- Portfolio Value
- $133.1M (Q1 2024)
- SEC Filing
- 0001941040-24-000256 ↗ filed May 14, 2024
Holdings Value
Holdings 195 stocks · $133.1M
| SCHD Schwab US DVD Equity ETF | 7.78% | 128,409 | $10.4M | Add +1.1% |
| SCHB Schwab US Broad Market ETF | 5.82% | 126,809 | $7.7M | Add +0.9% |
| RSPT Invesco S&P 500 Equal Weight | 5.21% | 196,898 | $6.9M | Reduce -0.2% |
| AVUV Avantis US Small Cap Value | 3.70% | 52,531 | $4.9M | Add +6.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.09% | 9,789 | $4.1M | Reduce -0.2% |
| SCHO Schwab Short-Term US Treas | 2.98% | 82,246 | $4.0M | Add +9.0% |
| MSFT Microsoft Corp. | 2.80% | 8,868 | $3.7M | Add +2.8% |
| AAPL Apple Inc. | 2.77% | 21,482 | $3.7M | Reduce -0.2% |
| IEFA iShares Core MSCI Eafe ETF | 2.40% | 43,098 | $3.2M | Reduce -1.0% |
| COR Cencora Inc. | 2.27% | 12,448 | $3.0M | Reduce -0.6% |
| CORP PIMCO Inv Grade Corp. BD ETF | 2.10% | 29,060 | $2.8M | Reduce -0.5% |
| IVV iShares Core S&P 500 ETF | 1.81% | 4,594 | $2.4M | Reduce -20.5% |
| IFLN Invesco Bloomberg Enhanced F | 1.81% | 132,768 | $2.4M | Add +9.3% |
| DGRO iShares Core Dividend Growth | 1.62% | 37,149 | $2.2M | Add +6.2% |
| PSX Phillips 66 | 1.44% | 11,714 | $1.9M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 1.40% | 12,383 | $1.9M | Reduce -0.4% |
| COP Conocophillips | 1.33% | 13,936 | $1.8M | Reduce -0.3% |
| ONEQ Fidelity Nasdaq Comp Indx | 1.30% | 26,911 | $1.7M | Reduce -0.9% |
| CASY Casey's General Stores Inc. | 1.25% | 5,210 | $1.7M | Reduce -0.5% |
| CMCSA Comcast Corp. Class A | 1.19% | 36,425 | $1.6M | Add +4.7% |
| BA The Boeing Co. | 1.18% | 8,105 | $1.6M | Reduce -0.4% |
| MPC Marathon Petroleum Corp. | 1.17% | 7,723 | $1.6M | Reduce -12.8% |
| EMB iShares JP Morgan Usd Emergi | 1.14% | 16,962 | $1.5M | Add +6.7% |
| LMT Lockheed Martin Corp. | 1.13% | 3,317 | $1.5M | Reduce -0.5% |
| XOM Exxon Mobil Corp. | 1.11% | 12,713 | $1.5M | Add +3.7% |
| WFC Wells Fargo & Co. | 1.10% | 25,290 | $1.5M | Reduce -0.5% |
| NRG NRG Energy Inc. | 0.96% | 18,910 | $1.3M | Add +2680.9% |
| UYLD Angel Oak Ultrashort Income | 0.96% | 25,050 | $1.3M | Add +43.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.92% | 15,745 | $1.2M | Add +46.5% |
| DAL Delta Air Lines Inc. | 0.91% | 25,407 | $1.2M | Reduce -10.7% |
| GES Guess? Inc. | 0.91% | 38,413 | $1.2M | New |
| FLTB Fidelity Ltd. TRM BND ETF | 0.89% | 24,243 | $1.2M | Add +5.0% |
| ACI Albertsons Cos Inc. Class A | 0.88% | 54,729 | $1.2M | Add +7.6% |
| KR Kroger Co. | 0.88% | 20,441 | $1.2M | New |
| UNH Unitedhealth Group Inc. | 0.86% | 2,326 | $1.2M | Reduce -1.1% |
| CAH Cardinal Health Inc. | 0.86% | 10,255 | $1.1M | Reduce -6.2% |
| JNJ Johnson & Johnson | 0.84% | 7,076 | $1.1M | Add +0.7% |
| DEM Wisdomtree Emerging Markets | 0.83% | 26,475 | $1.1M | Add +18.7% |
| PLTR Palantir Technologies Inc. Class A | 0.83% | 48,054 | $1.1M | Reduce -34.9% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.82% | 82,278 | $1.1M | Add +14.5% |
| THC Tenet Healthcare Corp. | 0.82% | 10,324 | $1.1M | New |
| FRDM Freedom 100 Emeging MRKT ETF | 0.80% | 31,665 | $1.1M | Reduce -0.7% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.80% | 14,084 | $1.1M | New |
| BBY Best Buy Co. Inc. | 0.79% | 12,873 | $1.1M | New |
| AMLP Alerian MLP ETF | 0.79% | 22,033 | $1.0M | Add +9.6% |
| DVY iShares Select Dividend ETF | 0.77% | 8,306 | $1.0M | Add +0.5% |
| SCHG Schwab US Large-Cap Growth | 0.76% | 10,938 | $1.0M | Reduce -8.4% |
| TSCO Tractor Supply Company | 0.76% | 3,853 | $1.0M | Reduce -0.4% |
| SYY Sysco Corp. | 0.75% | 12,364 | $1.0M | New |
| SANM Sanmina Corp. | 0.75% | 16,076 | $1000K | New |
| WHD Cactus Inc. Class A | 0.75% | 19,869 | $995K | Reduce -0.5% |
| PARR Par Pacific Holdings Inc. | 0.72% | 25,858 | $958K | Reduce -8.9% |
| ACDC Profrac Holding Corp. Class A | 0.67% | 107,029 | $895K | New |
| ALSN Allison Transmission Holding | 0.67% | 10,947 | $888K | No change |
| JBL Jabil Inc. | 0.66% | 6,543 | $876K | New |
| APO Apollo Global Management Inc. | 0.65% | 7,676 | $863K | No change |
| CVX Chevron Corp. | 0.61% | 5,147 | $812K | Reduce -0.5% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.56% | 6,078 | $739K | No change |
| ACN Accenture PLC Class A | 0.54% | 2,089 | $724K | Reduce -2.1% |
| CATH Global X S&P 500 Ca Val ETF | 0.54% | 11,189 | $712K | No change |
| PHYS Sprott Physical Gold Trust | 0.53% | 40,611 | $703K | No change |
| FCOR Fidelity Corporate Bond ETF | 0.50% | 14,292 | $665K | Reduce -10.3% |
| AMZN Amazon.com Inc. | 0.49% | 3,640 | $657K | Reduce -1.9% |
| MKTX Marketaxess Holdings Inc. | 0.48% | 2,912 | $638K | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 0.45% | 3,003 | $602K | Add +14.4% |
| NVDA Nvidia Corp. | 0.44% | 645 | $583K | No change |
| TGT Target Corp. | 0.43% | 3,218 | $570K | New |
| TXN Texas Instruments Inc. | 0.43% | 3,270 | $570K | Add +10.9% |
| EMR Emerson Electric Co. | 0.41% | 4,846 | $550K | Add +10.4% |
| CI The Cigna Group | 0.39% | 1,442 | $524K | No change |
| SO The Southern Co. | 0.38% | 7,019 | $504K | Add +5.3% |
| COLD Americold Realty Trust Inc. | 0.37% | 20,024 | $499K | Add +21.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.37% | 3,634 | $494K | Add +6.8% |
| KKR KKR & Co. Inc. | 0.37% | 4,881 | $491K | No change |
| PSLV Sprott Physical Silver Trust | 0.36% | 57,624 | $478K | No change |
| OHI Omega Healthcare Investors | 0.34% | 14,085 | $446K | Add +60.0% |
| PDX PIMCO Dynamic Income Strat | 0.31% | 19,268 | $409K | Add +0.0% |
| HLNE Hamilton Lane Inc. Class A | 0.28% | 3,334 | $376K | No change |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.28% | 13,281 | $371K | Reduce -7.8% |
| SCHW Schwab (charles) Corp. | 0.25% | 4,651 | $336K | New |
| PAA Plains All Amer Pipeline LP | 0.25% | 18,873 | $331K | No change |
| NEM Newmont Corp. | 0.21% | 7,855 | $282K | Add +41.9% |
| HPK Highpeak Energy Inc. | 0.18% | 14,950 | $236K | No change |
| SBR Sabine Royalty Trust | 0.17% | 3,500 | $221K | No change |
| BNDX Vanguard Total Intl Bond ETF | 0.14% | 3,909 | $192K | Reduce -24.7% |
| IEMG iShares Core MSCI Emerging | 0.13% | 3,369 | $174K | Reduce -1.1% |
| IJR iShares Core S&P Small-Cap E | 0.13% | 1,554 | $172K | Reduce -18.4% |
| CVS CVS Health Corp. | 0.13% | 2,133 | $170K | No change |
| MCO Moody's Corp. | 0.12% | 421 | $165K | Reduce -5.0% |
| LHX L3HARRIS Technologies Inc. | 0.12% | 773 | $165K | No change |
| RTX RTX Corp. | 0.12% | 1,653 | $161K | Reduce -2.9% |
| AZO AutoZone Inc. | 0.12% | 50 | $158K | No change |
| DE Deere & Co. | 0.12% | 380 | $156K | No change |
| IVOL Quadratic Int Rte Vol Infl H | 0.12% | 8,100 | $153K | Reduce -11.0% |
| INTU Intuit Inc. | 0.10% | 205 | $133K | No change |
| BX Blackstone Inc. | 0.10% | 1,000 | $131K | No change |
| DOW Dow Inc. | 0.09% | 2,015 | $117K | Reduce -2.2% |
| KO The Coca-Cola Co. | 0.09% | 1,856 | $114K | Add +19.3% |
| WMT Walmart Inc. | 0.08% | 1,800 | $108K | No change |
| GOOG Alphabet Inc. Class C | 0.08% | 700 | $107K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 635 | $774K | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 400 | $477K | No change |
Total filed on the 13F, all lines: $134.3M.
Portfolio Sells Q4 2023 → Q1 2024
| RUSHA Rush Enterprises Inc. Class A | Sold out | 0.00% | −1.06 |
| M Macy's Inc. | Sold out | 0.00% | −1.03 |
| RMR RMR Group Inc./the - A | Sold out | 0.00% | −0.94 |
| WNC Wabash National Corp. | Sold out | 0.00% | −0.92 |
| GPI Group 1 Automotive Inc. | Sold out | 0.00% | −0.83 |
| AVT Avnet Inc. | Sold out | 0.00% | −0.82 |
| MUSA Murphy USA Inc. | Sold out | 0.00% | −0.77 |
| UVE Universal Insurance Holdings | Sold out | 0.00% | −0.75 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.59 |
| AAPL Apple Inc. | Reduce -0.2% | 2.77% | −0.53 |
| BA The Boeing Co. | Reduce -0.4% | 1.18% | −0.51 |
| IVV iShares Core S&P 500 ETF | Reduce -20.5% | 1.81% | −0.38 |
| VEA Vanguard Ftse Developed ETF | Reduce -98.2% | 0.01% | −0.33 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -99.3% | 0.00% | −0.25 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.23 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Sold out | 0.00% | −0.21 |
| MKTX Marketaxess Holdings Inc. | Reduce -0.5% | 0.48% | −0.20 |
| PLTR Palantir Technologies Inc. Class A | Reduce -34.9% | 0.83% | −0.18 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -0.5% | 2.10% | −0.16 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.15 |
| MCRI Monarch Casino & Resort Inc. | Sold out | 0.00% | −0.14 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.12 |
| UNH Unitedhealth Group Inc. | Reduce -1.1% | 0.86% | −0.12 |
| PARR Par Pacific Holdings Inc. | Reduce -8.9% | 0.72% | −0.10 |
| VWO Vanguard Ftse Emerging Marke | Sold out | 0.00% | −0.10 |
| FCOR Fidelity Corporate Bond ETF | Reduce -10.3% | 0.50% | −0.10 |
| LMT Lockheed Martin Corp. | Reduce -0.5% | 1.13% | −0.07 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -24.7% | 0.14% | −0.06 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -7.8% | 0.28% | −0.05 |
| ACN Accenture PLC Class A | Reduce -2.1% | 0.54% | −0.05 |
| VNQ Vanguard Real Estate ETF | Reduce -73.9% | 0.01% | −0.04 |
| IGF iShares Global Infrastructur | Sold out | 0.00% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -18.4% | 0.13% | −0.03 |
| IVOL Quadratic Int Rte Vol Infl H | Reduce -11.0% | 0.12% | −0.03 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -1.0% | 2.40% | −0.03 |
| FRDM Freedom 100 Emeging MRKT ETF | Reduce -0.7% | 0.80% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Sold out | 0.00% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −0.03 |
| SCHG Schwab US Large-Cap Growth | Reduce -8.4% | 0.76% | −0.03 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.02 |
| S Sentinelone Inc. Class A | Reduce -70.0% | 0.01% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Reduce -11.0% | 0.06% | −0.01 |
| CAH Cardinal Health Inc. | Reduce -6.2% | 0.86% | −0.01 |
| MCO Moody's Corp. | Reduce -5.0% | 0.12% | −0.01 |
| ARW Arrow Electronics Inc. | Sold out | 0.00% | −0.01 |
| LTHM Livent Corp. | Sold out | 0.00% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.01 |
| ICSH iShares Ultra Short Duration | Sold out | 0.00% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -1.1% | 0.13% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| NRG NRG Energy Inc. | Add +2680.9% | 0.96% | +0.93 |
| GES Guess? Inc. | New | 0.91% | +0.91 |
| KR Kroger Co. | New | 0.88% | +0.88 |
| THC Tenet Healthcare Corp. | New | 0.82% | +0.82 |
| BJ Bj's Wholesale Club Holdings | New | 0.80% | +0.80 |
| BBY Best Buy Co. Inc. | New | 0.79% | +0.79 |
| SYY Sysco Corp. | New | 0.75% | +0.75 |
| SANM Sanmina Corp. | New | 0.75% | +0.75 |
| ACDC Profrac Holding Corp. Class A | New | 0.67% | +0.67 |
| JBL Jabil Inc. | New | 0.66% | +0.66 |
| TGT Target Corp. | New | 0.43% | +0.43 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +46.5% | 0.92% | +0.26 |
| SCHB Schwab US Broad Market ETF | Add +0.9% | 5.82% | +0.26 |
| UYLD Angel Oak Ultrashort Income | Add +43.1% | 0.96% | +0.25 |
| SCHW Schwab (charles) Corp. | New | 0.25% | +0.25 |
| MSFT Microsoft Corp. | Add +2.8% | 2.80% | +0.22 |
| AVUV Avantis US Small Cap Value | Add +6.6% | 3.70% | +0.18 |
| XOM Exxon Mobil Corp. | Add +3.7% | 1.11% | +0.14 |
| DGRO iShares Core Dividend Growth | Add +6.2% | 1.62% | +0.12 |
| OHI Omega Healthcare Investors | Add +60.0% | 0.34% | +0.12 |
| DEM Wisdomtree Emerging Markets | Add +18.7% | 0.83% | +0.11 |
| AMLP Alerian MLP ETF | Add +9.6% | 0.79% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +14.4% | 0.45% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | Add +6.8% | 0.37% | +0.09 |
| SCHD Schwab US DVD Equity ETF | Add +1.1% | 7.78% | +0.09 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Add +14.5% | 0.82% | +0.09 |
| SCHO Schwab Short-Term US Treas | Add +9.0% | 2.98% | +0.07 |
| EMR Emerson Electric Co. | Add +10.4% | 0.41% | +0.07 |
| IFLN Invesco Bloomberg Enhanced F | Add +9.3% | 1.81% | +0.06 |
| MTUM iShares MSCI USA Momentum Fa | Add +1630.8% | 0.03% | +0.03 |
| NEM Newmont Corp. | Add +41.9% | 0.21% | +0.03 |
| TXN Texas Instruments Inc. | Add +10.9% | 0.43% | +0.03 |
| EMB iShares JP Morgan Usd Emergi | Add +6.7% | 1.14% | +0.02 |
| KO The Coca-Cola Co. | Add +19.3% | 0.09% | +0.01 |
| SO The Southern Co. | Add +5.3% | 0.38% | +0.01 |
| ALTM Arcadium Lithium PLC | New | 0.01% | +0.01 |
| DVY iShares Select Dividend ETF | Add +0.5% | 0.77% | −0.00 |
| PDX PIMCO Dynamic Income Strat | Add +0.0% | 0.31% | −0.01 |
| FLTB Fidelity Ltd. TRM BND ETF | Add +5.0% | 0.89% | −0.01 |
| COLD Americold Realty Trust Inc. | Add +21.4% | 0.37% | −0.02 |
| CMCSA Comcast Corp. Class A | Add +4.7% | 1.19% | −0.03 |
| JNJ Johnson & Johnson | Add +0.7% | 0.84% | −0.03 |
| ACI Albertsons Cos Inc. Class A | Add +7.6% | 0.88% | −0.05 |
Options Activity Q4 2023 → Q1 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 5,200 | $2.5Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| MCK McKesson Corp. | COM | Reduce -100.0% | 0 | $0 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 226 | $211.8M | BIL, SCHD, UYLD, AVUV, CORP |
| Q1 2026 | 201 | $195.9M | BIL, SCHD, UYLD, AVUV, CORP |
| Q4 2025 | 213 | $169.0M | SCHD, UYLD, AVUV, RSPT, CORP |
| Q3 2025 | 213 | $172.7M | SCHD, AVUV, UYLD, SCHB, BIL |
| Q2 2025 | 199 | $154.0M | SCHD, AVUV, SCHB, RSPT, SCHO |
| Q1 2025 | 182 | $147.0M | SCHD, AVUV, SCHB, SCHO, RSPT |
| Q4 2024 | 202 | $142.9M | SCHD, SCHB, AVUV, AAPL, RSPT |
| Q3 2024Amended | 206 | $147.9M | SCHD, SCHB, RSPT, AVUV, BIL |
| Q2 2024 | 195 | $138.0M | SCHD, SCHB, RSPT, AVUV, AAPL |
| Q1 2024 | 195 | $133.1M | SCHD, SCHB, RSPT, AVUV, BRK.B |