Islay Capital Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Islay Capital Management, LLC reported 195 stock positions worth $138.0 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 7.5% of the portfolio, followed by Schwab US Broad Market ETF (SCHB, 5.4%) and Invesco S&P 500 Equal Weight (RSPT, 3.8%). Compared with Q1 2024, it opened 18 new positions, sold out of 19, added to 40 and reduced 47. The biggest buy was iShares JP Morgan Usd Emergi (EMB, shares +144%) and the biggest sale Invesco S&P 500 Equal Weight (RSPT, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- Lubbock, TX
- CIK
- 0001738560
- Portfolio Value
- $138.0M (Q2 2024)
- SEC Filing
- 0001941040-24-000373 ↗ filed Aug 13, 2024
Holdings Value
Holdings 195 stocks · $138.0M
| SCHD Schwab US DVD Equity ETF | 7.50% | 133,028 | $10.3M | Add +3.6% |
| SCHB Schwab US Broad Market ETF | 5.39% | 118,285 | $7.4M | Reduce -6.7% |
| RSPT Invesco S&P 500 Equal Weight | 3.77% | 142,004 | $5.2M | Reduce -27.9% |
| AVUV Avantis US Small Cap Value | 3.52% | 54,086 | $4.9M | Add +3.0% |
| AAPL Apple Inc. | 3.30% | 21,609 | $4.6M | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.89% | 9,810 | $4.0M | Add +0.2% |
| MSFT Microsoft Corp. | 2.79% | 8,622 | $3.9M | Reduce -2.8% |
| EMB iShares JP Morgan Usd Emergi | 2.65% | 41,384 | $3.7M | Add +144.0% |
| IFLN Invesco Bloomberg Enhanced F | 2.57% | 197,538 | $3.5M | Add +48.8% |
| IEFA iShares Core MSCI Eafe ETF | 2.17% | 41,261 | $3.0M | Reduce -4.3% |
| CORP PIMCO Inv Grade Corp. BD ETF | 2.16% | 31,384 | $3.0M | Add +8.0% |
| IVV iShares Core S&P 500 ETF | 1.76% | 4,447 | $2.4M | Reduce -3.2% |
| SCHO Schwab Short-Term US Treas | 1.68% | 48,157 | $2.3M | Reduce -41.5% |
| GOOGL Alphabet Inc. Class A | 1.62% | 12,266 | $2.2M | Reduce -0.9% |
| DGRO iShares Core Dividend Growth | 1.53% | 36,675 | $2.1M | Reduce -1.3% |
| CASY Casey's General Stores Inc. | 1.52% | 5,505 | $2.1M | Add +5.7% |
| FRDM Freedom 100 Emeging MRKT ETF | 1.48% | 57,640 | $2.0M | Add +82.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.41% | 21,193 | $1.9M | New |
| LMT Lockheed Martin Corp. | 1.28% | 3,776 | $1.8M | Add +13.8% |
| COR Cencora Inc. | 1.26% | 7,705 | $1.7M | Reduce -38.1% |
| IEMG iShares Core MSCI Emerging | 1.22% | 31,359 | $1.7M | Add +830.8% |
| UYLD Angel Oak Ultrashort Income | 1.21% | 32,711 | $1.7M | Add +30.6% |
| XOM Exxon Mobil Corp. | 1.15% | 13,748 | $1.6M | Add +8.1% |
| COP Conocophillips | 1.13% | 13,597 | $1.6M | Reduce -2.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.12% | 20,097 | $1.6M | Add +27.6% |
| WFC Wells Fargo & Co. | 1.09% | 25,435 | $1.5M | Add +0.6% |
| BA The Boeing Co. | 1.09% | 8,229 | $1.5M | Add +1.5% |
| PPC Pilgrim's Pride Corp. | 1.08% | 38,591 | $1.5M | New |
| HUM Humana Inc. | 1.07% | 3,958 | $1.5M | New |
| CMCSA Comcast Corp. Class A | 1.07% | 37,648 | $1.5M | Add +3.4% |
| CHRW C.H. Robinson Worldwide Inc. | 1.05% | 16,367 | $1.4M | New |
| MCK McKesson Corp. | 1.04% | 2,455 | $1.4M | Add +0.0% |
| BG Bunge Global SA | 1.03% | 13,277 | $1.4M | New |
| UNH Unitedhealth Group Inc. | 1.01% | 2,728 | $1.4M | Add +17.3% |
| NSP Insperity Inc. | 0.99% | 14,934 | $1.4M | New |
| HY Hyster-Yale Inc. | 0.98% | 19,399 | $1.4M | New |
| WNC Wabash National Corp. | 0.97% | 61,347 | $1.3M | New |
| MOH Molina Healthcare Inc. | 0.96% | 4,476 | $1.3M | New |
| JNJ Johnson & Johnson | 0.95% | 9,012 | $1.3M | Add +27.4% |
| ONEQ Fidelity Nasdaq Comp Indx | 0.95% | 18,739 | $1.3M | Reduce -30.4% |
| DAL Delta Air Lines Inc. | 0.94% | 27,409 | $1.3M | Add +7.9% |
| MCY Mercury General Corp. | 0.92% | 23,774 | $1.3M | New |
| MPC Marathon Petroleum Corp. | 0.88% | 7,018 | $1.2M | Reduce -9.1% |
| PLTR Palantir Technologies Inc. Class A | 0.83% | 45,464 | $1.2M | Reduce -5.4% |
| WHD Cactus Inc. Class A | 0.77% | 20,174 | $1.1M | Add +1.5% |
| DEM Wisdomtree Emerging Markets | 0.76% | 24,353 | $1.1M | Reduce -8.0% |
| AMLP Alerian MLP ETF | 0.74% | 21,397 | $1.0M | Reduce -2.9% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.74% | 75,955 | $1.0M | Reduce -7.7% |
| TSCO Tractor Supply Company | 0.74% | 3,766 | $1.0M | Reduce -2.3% |
| DVY iShares Select Dividend ETF | 0.70% | 8,035 | $972K | Reduce -3.3% |
| SCHG Schwab US Large-Cap Growth | 0.68% | 9,338 | $942K | Reduce -14.6% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.67% | 33,989 | $925K | Add +155.9% |
| APO Apollo Global Management Inc. | 0.66% | 7,662 | $905K | Reduce -0.2% |
| CVX Chevron Corp. | 0.61% | 5,363 | $839K | Add +4.2% |
| NVDA Nvidia Corp. | 0.60% | 6,750 | $834K | Add +4.7% |
| ALSN Allison Transmission Holding | 0.54% | 9,891 | $751K | Reduce -9.7% |
| PHYS Sprott Physical Gold Trust | 0.53% | 40,611 | $733K | No change |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.52% | 5,182 | $722K | Reduce -14.7% |
| FCOR Fidelity Corporate Bond ETF | 0.52% | 15,533 | $715K | Add +8.7% |
| CATH Global X S&P 500 Ca Val ETF | 0.51% | 10,812 | $707K | Reduce -3.4% |
| AMZN Amazon.com Inc. | 0.50% | 3,560 | $688K | Reduce -2.2% |
| PSX Phillips 66 | 0.47% | 4,635 | $654K | Reduce -60.4% |
| TXN Texas Instruments Inc. | 0.47% | 3,357 | $653K | Add +2.7% |
| OHI Omega Healthcare Investors | 0.47% | 18,803 | $644K | Add +33.5% |
| MKTX Marketaxess Holdings Inc. | 0.46% | 3,196 | $641K | Add +9.8% |
| DAKT Daktronics Inc. | 0.44% | 43,159 | $602K | New |
| HLNE Hamilton Lane Inc. Class A | 0.42% | 4,654 | $575K | Add +39.6% |
| JPM JPMorgan Chase & Co. | 0.42% | 2,840 | $574K | Reduce -5.4% |
| PSLV Sprott Physical Silver Trust | 0.41% | 57,624 | $572K | No change |
| COLD Americold Realty Trust Inc. | 0.40% | 21,400 | $547K | Add +6.9% |
| SO The Southern Co. | 0.38% | 6,815 | $529K | Reduce -2.9% |
| KKR KKR & Co. Inc. | 0.36% | 4,656 | $490K | Reduce -4.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.35% | 2,765 | $481K | Reduce -23.9% |
| EMR Emerson Electric Co. | 0.35% | 4,352 | $479K | Reduce -10.2% |
| CI The Cigna Group | 0.35% | 1,442 | $477K | No change |
| FLTB Fidelity Ltd. TRM BND ETF | 0.33% | 9,172 | $450K | Reduce -62.2% |
| TGT Target Corp. | 0.32% | 2,986 | $442K | Reduce -7.2% |
| PDX PIMCO Dynamic Income Strat | 0.31% | 19,286 | $430K | Add +0.1% |
| PB Prosperity Bancshares Inc. | 0.31% | 6,973 | $426K | Add +2689.2% |
| NEM Newmont Corp. | 0.28% | 9,262 | $388K | Add +17.9% |
| SCHW Schwab (charles) Corp. | 0.26% | 4,781 | $352K | Add +2.8% |
| VOD Vodafone Group PLC-SP ADR | 0.25% | 39,001 | $346K | New |
| PAA Plains All Amer Pipeline LP | 0.24% | 18,300 | $327K | Reduce -3.0% |
| TLT iShares 20+ Year Treasury BD | 0.22% | 3,266 | $300K | Add +304.7% |
| SBR Sabine Royalty Trust | 0.16% | 3,500 | $226K | No change |
| HPK Highpeak Energy Inc. | 0.15% | 14,650 | $206K | Reduce -2.0% |
| BNDX Vanguard Total Intl Bond ETF | 0.14% | 3,909 | $190K | No change |
| LHX L3HARRIS Technologies Inc. | 0.13% | 773 | $174K | No change |
| IJR iShares Core S&P Small-Cap E | 0.12% | 1,583 | $169K | Add +1.9% |
| RTX RTX Corp. | 0.12% | 1,653 | $166K | No change |
| MCO Moody's Corp. | 0.12% | 393 | $165K | Reduce -6.7% |
| AZO AutoZone Inc. | 0.11% | 50 | $148K | No change |
| EPI Wisdomtree India Earnings | 0.10% | 3,000 | $145K | New |
| DE Deere & Co. | 0.10% | 380 | $142K | No change |
| INTU Intuit Inc. | 0.10% | 205 | $135K | No change |
| GLD SPDR Gold Shares | 0.09% | 600 | $129K | Add +20.0% |
| GOOG Alphabet Inc. Class C | 0.09% | 700 | $128K | No change |
| BX Blackstone Inc. | 0.09% | 1,000 | $124K | No change |
| WMT Walmart Inc. | 0.09% | 1,800 | $122K | No change |
| ACI Albertsons Cos Inc. Class A | 0.09% | 6,000 | $119K | Reduce -89.0% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 635 | $755K | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 300 | $359K | Reduce -25.0% |
Total filed on the 13F, all lines: $139.1M.
Portfolio Sells Q1 2024 → Q2 2024
| RSPT Invesco S&P 500 Equal Weight | Reduce -27.9% | 3.77% | −1.43 |
| SCHO Schwab Short-Term US Treas | Reduce -41.5% | 1.68% | −1.30 |
| COR Cencora Inc. | Reduce -38.1% | 1.26% | −1.01 |
| PSX Phillips 66 | Reduce -60.4% | 0.47% | −0.96 |
| NRG NRG Energy Inc. | Reduce -96.4% | 0.04% | −0.92 |
| GES Guess? Inc. | Sold out | 0.00% | −0.91 |
| KR Kroger Co. | Sold out | 0.00% | −0.88 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −0.82 |
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −0.80 |
| CAH Cardinal Health Inc. | Reduce -91.0% | 0.07% | −0.80 |
| ACI Albertsons Cos Inc. Class A | Reduce -89.0% | 0.09% | −0.80 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.79 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.75 |
| SANM Sanmina Corp. | Sold out | 0.00% | −0.75 |
| PARR Par Pacific Holdings Inc. | Sold out | 0.00% | −0.72 |
| ACDC Profrac Holding Corp. Class A | Reduce -98.6% | 0.01% | −0.66 |
| JBL Jabil Inc. | Sold out | 0.00% | −0.66 |
| FLTB Fidelity Ltd. TRM BND ETF | Reduce -62.2% | 0.33% | −0.57 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.54 |
| SCHB Schwab US Broad Market ETF | Reduce -6.7% | 5.39% | −0.43 |
| ONEQ Fidelity Nasdaq Comp Indx | Reduce -30.4% | 0.95% | −0.35 |
| MPC Marathon Petroleum Corp. | Reduce -9.1% | 0.88% | −0.29 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -4.3% | 2.17% | −0.23 |
| COP Conocophillips | Reduce -2.4% | 1.13% | −0.21 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.13 |
| ALSN Allison Transmission Holding | Reduce -9.7% | 0.54% | −0.12 |
| TGT Target Corp. | Reduce -7.2% | 0.32% | −0.11 |
| DGRO iShares Core Dividend Growth | Reduce -1.3% | 1.53% | −0.09 |
| SCHG Schwab US Large-Cap Growth | Reduce -14.6% | 0.68% | −0.08 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Reduce -7.7% | 0.74% | −0.07 |
| DEM Wisdomtree Emerging Markets | Reduce -8.0% | 0.76% | −0.07 |
| EMR Emerson Electric Co. | Reduce -10.2% | 0.35% | −0.07 |
| DVY iShares Select Dividend ETF | Reduce -3.3% | 0.70% | −0.06 |
| PAAS Pan American Silver Corp. | Sold out | 0.00% | −0.06 |
| IVOL Quadratic Int Rte Vol Infl H | Reduce -45.7% | 0.06% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -3.2% | 1.76% | −0.05 |
| AMLP Alerian MLP ETF | Reduce -2.9% | 0.74% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -5.4% | 0.42% | −0.04 |
| IESC Ies Holdings Inc. | Reduce -14.7% | 0.52% | −0.03 |
| HPK Highpeak Energy Inc. | Reduce -2.0% | 0.15% | −0.03 |
| V Visa Inc. Class A | Reduce -40.0% | 0.03% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -23.9% | 0.35% | −0.02 |
| CATH Global X S&P 500 Ca Val ETF | Reduce -3.4% | 0.51% | −0.02 |
| TSCO Tractor Supply Company | Reduce -2.3% | 0.74% | −0.02 |
| DOW Dow Inc. | Reduce -10.2% | 0.07% | −0.02 |
| REMX Vaneck Rar Earth ND STG-Usdi | Reduce -61.5% | 0.01% | −0.02 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.01 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.01 |
| KKR KKR & Co. Inc. | Reduce -4.6% | 0.36% | −0.01 |
| HTLF Heartland Financial USA Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| EMB iShares JP Morgan Usd Emergi | Add +144.0% | 2.65% | +1.51 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 1.41% | +1.41 |
| IEMG iShares Core MSCI Emerging | Add +830.8% | 1.22% | +1.09 |
| PPC Pilgrim's Pride Corp. | New | 1.08% | +1.08 |
| HUM Humana Inc. | New | 1.07% | +1.07 |
| CHRW C.H. Robinson Worldwide Inc. | New | 1.05% | +1.05 |
| MCK McKesson Corp. | Add +0.0% | 1.04% | +1.04 |
| BG Bunge Global SA | New | 1.03% | +1.03 |
| NSP Insperity Inc. | New | 0.99% | +0.99 |
| HY Hyster-Yale Inc. | New | 0.98% | +0.98 |
| WNC Wabash National Corp. | New | 0.97% | +0.97 |
| MOH Molina Healthcare Inc. | New | 0.96% | +0.96 |
| MCY Mercury General Corp. | New | 0.92% | +0.92 |
| IFLN Invesco Bloomberg Enhanced F | Add +48.8% | 2.57% | +0.76 |
| FRDM Freedom 100 Emeging MRKT ETF | Add +82.0% | 1.48% | +0.67 |
| AAPL Apple Inc. | Add +0.6% | 3.30% | +0.53 |
| DAKT Daktronics Inc. | New | 0.44% | +0.44 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +155.9% | 0.67% | +0.39 |
| PB Prosperity Bancshares Inc. | Add +2689.2% | 0.31% | +0.30 |
| CASY Casey's General Stores Inc. | Add +5.7% | 1.52% | +0.28 |
| VOD Vodafone Group PLC-SP ADR | New | 0.25% | +0.25 |
| UYLD Angel Oak Ultrashort Income | Add +30.6% | 1.21% | +0.25 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +27.6% | 1.12% | +0.20 |
| NVDA Nvidia Corp. | Add +4.7% | 0.60% | +0.17 |
| TLT iShares 20+ Year Treasury BD | Add +304.7% | 0.22% | +0.16 |
| LMT Lockheed Martin Corp. | Add +13.8% | 1.28% | +0.14 |
| UNH Unitedhealth Group Inc. | Add +17.3% | 1.01% | +0.14 |
| HLNE Hamilton Lane Inc. Class A | Add +39.6% | 0.42% | +0.13 |
| OHI Omega Healthcare Investors | Add +33.5% | 0.47% | +0.13 |
| JNJ Johnson & Johnson | Add +27.4% | 0.95% | +0.11 |
| EPI Wisdomtree India Earnings | New | 0.10% | +0.10 |
| NEM Newmont Corp. | Add +17.9% | 0.28% | +0.07 |
| CORP PIMCO Inv Grade Corp. BD ETF | Add +8.0% | 2.16% | +0.07 |
| TXN Texas Instruments Inc. | Add +2.7% | 0.47% | +0.05 |
| XOM Exxon Mobil Corp. | Add +8.1% | 1.15% | +0.04 |
| DAL Delta Air Lines Inc. | Add +7.9% | 0.94% | +0.03 |
| ORCL Oracle Corp. | Add +40.0% | 0.07% | +0.02 |
| WHD Cactus Inc. Class A | Add +1.5% | 0.77% | +0.02 |
| COLD Americold Realty Trust Inc. | Add +6.9% | 0.40% | +0.02 |
| FCOR Fidelity Corporate Bond ETF | Add +8.7% | 0.52% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.02% | +0.02 |
| GLD SPDR Gold Shares | Add +20.0% | 0.09% | +0.02 |
| CRM Salesforce Inc. | New | 0.02% | +0.02 |
| DD Dupont DE Nemours Inc. | New | 0.01% | +0.01 |
| CMG Chipotle Mexican Grill Inc. | New | 0.00% | +0.00 |
| PDX PIMCO Dynamic Income Strat | Add +0.1% | 0.31% | +0.00 |
| CTVA Corteva Inc. | New | 0.00% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +2.8% | 0.26% | +0.00 |
| KO The Coca-Cola Co. | Add +0.2% | 0.09% | +0.00 |
| CVX Chevron Corp. | Add +4.2% | 0.61% | −0.00 |
Notes & Other Activity Q1 2024 → Q2 2024
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -25.0% | 300 | $359K |
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 |