Islay Capital Management, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), Islay Capital Management, LLC reported 206 stock positions worth $147.9 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, 5.4%) and Invesco S&P 500 Equal Weight (RSPT, 3.8%). Compared with Q2 2024, it opened 23 new positions, sold out of 12, added to 31 and reduced 16. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +174%) and the biggest sale an exit from Boeing (BA).

Most Recent 13F
Q2 2026
Location
Lubbock, TX
CIK
0001738560
Portfolio Value
$147.9M (Q3 2024)
SEC Filing
0001941040-24-000484 ↗ filed Nov 7, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $133.1M Q1 2024 Q2 2024: $138.0M Q2 2024 Q3 2024: $147.9M $147.9M Q3 2024 Q4 2024: $142.9M Q4 2024 Q1 2025: $147.0M Q1 2025 Q2 2025: $154.0M Q2 2025 Q3 2025: $172.7M Q3 2025 Q4 2025: $169.0M Q4 2025 Q1 2026: $195.9M Q1 2026 Q2 2026: $211.8M Q2 2026

Holdings 206 stocks · $147.9M
SCHD Schwab US DVD Equity ETF 7.83% 137,001 $11.6M Add +3.0%
SCHB Schwab US Broad Market ETF 5.42% 120,500 $8.0M Add +1.9%
RSPT Invesco S&P 500 Equal Weight 3.75% 147,147 $5.5M Add +3.6%
AVUV Avantis US Small Cap Value 3.71% 57,142 $5.5M Add +5.7%
BIL SS SPDR BB 1-3M T-Bill ETF 3.61% 58,133 $5.3M Add +174.3%
AAPL Apple Inc. 3.40% 21,609 $5.0M No change
BRK.B Berkshire Hathaway Inc. Class B 3.05% 9,810 $4.5M No change
EMB iShares JP Morgan Usd Emergi 2.69% 42,534 $4.0M Add +2.8%
IFLN Invesco Bloomberg Enhanced F 2.56% 204,638 $3.8M Add +3.6%
MSFT Microsoft Corp. 2.51% 8,622 $3.7M No change
IEFA iShares Core MSCI Eafe ETF 2.21% 41,883 $3.3M Add +1.5%
CORP PIMCO Inv Grade Corp. BD ETF 2.17% 32,206 $3.2M Add +2.6%
COR Cencora Inc. 1.80% 11,861 $2.7M Add +53.9%
IVV iShares Core S&P 500 ETF 1.69% 4,337 $2.5M Reduce -2.5%
SCHO Schwab Short-Term US Treas 1.61% 48,646 $2.4M Add +1.0%
DGRO iShares Core Dividend Growth 1.55% 36,675 $2.3M No change
LMT Lockheed Martin Corp. 1.49% 3,776 $2.2M No change
FRDM Freedom 100 Emeging MRKT ETF 1.47% 60,640 $2.2M Add +5.2%
CASY Casey's General Stores Inc. 1.40% 5,505 $2.1M No change
UYLD Angel Oak Ultrashort Income 1.40% 40,413 $2.1M Add +23.6%
GOOGL Alphabet Inc. Class A 1.38% 12,266 $2.0M No change
TGT Target Corp. 1.28% 12,114 $1.9M Add +305.7%
IEMG iShares Core MSCI Emerging 1.24% 31,886 $1.8M Add +1.7%
PLTR Palantir Technologies Inc. Class A 1.14% 45,464 $1.7M No change
XOM Exxon Mobil Corp. 1.11% 14,048 $1.6M Add +2.2%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 1.09% 20,097 $1.6M No change
UNH Unitedhealth Group Inc. 1.08% 2,728 $1.6M No change
CMCSA Comcast Corp. Class A 1.06% 37,648 $1.6M No change
JNJ Johnson & Johnson 0.99% 9,012 $1.5M No change
PPC Pilgrim's Pride Corp. 0.99% 31,711 $1.5M Reduce -17.8%
WFC Wells Fargo & Co. 0.97% 25,435 $1.4M No change
COP Conocophillips 0.97% 13,597 $1.4M No change
ONEQ Fidelity Nasdaq Comp Indx 0.91% 18,739 $1.3M No change
KR Kroger Co. 0.90% 23,346 $1.3M New
SYY Sysco Corp. 0.90% 17,064 $1.3M New
ASO Academy Sports & Outdoors Inc. 0.88% 22,257 $1.3M New
BBY Best Buy Co. Inc. 0.86% 12,367 $1.3M New
GPI Group 1 Automotive Inc. 0.85% 3,278 $1.3M New
WNC Wabash National Corp. 0.84% 64,816 $1.2M Add +5.7%
HY Hyster-Yale Inc. 0.83% 19,318 $1.2M Reduce -0.4%
PAG Penske Automotive Group Inc. 0.83% 7,516 $1.2M New
NSP Insperity Inc. 0.82% 13,856 $1.2M Reduce -7.2%
MPC Marathon Petroleum Corp. 0.80% 7,284 $1.2M Add +3.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.75% 26,525 $1.1M Add +4952.4%
TSCO Tractor Supply Company 0.74% 3,766 $1.1M No change
DVY iShares Select Dividend ETF 0.74% 8,079 $1.1M Add +0.6%
DEM Wisdomtree Emerging Markets 0.72% 24,353 $1.1M No change
XBXMX Nuveen S&P 500 Buy-WR Inc. 0.70% 75,955 $1.0M No change
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.69% 35,280 $1.0M Add +3.8%
AMLP Alerian MLP ETF 0.68% 21,397 $1.0M No change
SCHG Schwab US Large-Cap Growth 0.66% 9,338 $973K No change
APO Apollo Global Management Inc. 0.65% 7,662 $957K No change
ALSN Allison Transmission Holding 0.64% 9,891 $950K No change
PHYS Sprott Physical Gold Trust 0.57% 41,161 $839K Add +1.4%
CNXC Concentrix Corp. 0.57% 16,355 $838K New
NVDA Nvidia Corp. 0.55% 6,750 $820K No change
HLNE Hamilton Lane Inc. Class A 0.54% 4,757 $801K Add +2.2%
CVX Chevron Corp. 0.53% 5,363 $790K No change
OHI Omega Healthcare Investors 0.52% 18,803 $765K No change
FCOR Fidelity Corporate Bond ETF 0.51% 15,533 $751K No change
CATH Global X S&P 500 Ca Val ETF 0.51% 10,812 $750K No change
TXN Texas Instruments Inc. 0.47% 3,357 $693K No change
PSX Phillips 66 0.44% 4,935 $649K Add +6.5%
AMZN Amazon.com Inc. 0.44% 3,460 $645K Reduce -2.8%
GPGI Gpgi Inc. filed as COMPOSECURE INC 0.43% 45,154 $633K New
PSLV Sprott Physical Silver Trust 0.42% 58,924 $616K Add +2.3%
SO The Southern Co. 0.42% 6,815 $615K No change
KKR KKR & Co. Inc. 0.41% 4,656 $608K No change
COLD Americold Realty Trust Inc. 0.41% 21,400 $605K No change
JPM JPMorgan Chase & Co. 0.40% 2,840 $599K No change
CI The Cigna Group 0.34% 1,442 $500K No change
NEM Newmont Corp. 0.33% 9,262 $495K No change
TSM Taiwan Semiconductor-SP ADR 0.32% 2,765 $480K No change
EMR Emerson Electric Co. 0.32% 4,352 $476K No change
FLTB Fidelity Ltd. TRM BND ETF 0.31% 9,172 $462K No change
PDX PIMCO Dynamic Income Strat 0.31% 19,298 $455K Add +0.1%
VOD Vodafone Group PLC-SP ADR 0.26% 39,001 $391K No change
TLT iShares 20+ Year Treasury BD 0.22% 3,266 $320K No change
PAA Plains All Amer Pipeline LP 0.21% 18,300 $318K No change
SCHW Schwab (charles) Corp. 0.21% 4,781 $310K No change
SBR Sabine Royalty Trust 0.15% 3,500 $216K No change
HPK Highpeak Energy Inc. 0.14% 14,650 $203K No change
RTX RTX Corp. 0.14% 1,653 $200K No change
BNDX Vanguard Total Intl Bond ETF 0.13% 3,909 $197K No change
MCO Moody's Corp. 0.13% 393 $187K No change
IJR iShares Core S&P Small-Cap E 0.13% 1,587 $186K Add +0.3%
LHX L3HARRIS Technologies Inc. 0.12% 773 $184K No change
DE Deere & Co. 0.11% 380 $159K No change
AZO AutoZone Inc. 0.11% 50 $158K No change
BX Blackstone Inc. 0.10% 1,000 $153K No change
EPI Wisdomtree India Earnings 0.10% 3,000 $151K No change
GLD SPDR Gold Shares 0.10% 600 $146K No change
WMT Walmart Inc. 0.10% 1,800 $145K No change
KO The Coca-Cola Co. 0.09% 1,865 $134K Add +0.3%
INTU Intuit Inc. 0.09% 205 $127K No change
ORCL Oracle Corp. 0.08% 700 $119K No change
GOOG Alphabet Inc. Class C 0.08% 700 $117K No change
PRU Prudential Financial Inc. 0.07% 894 $108K No change
QUAL iShares MSCI USA Quality Fac 0.07% 602 $108K Add +0.3%
EIM Eaton Vance Municipal Bond 0.07% 10,000 $108K New

Show all 206 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 635$814KNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 300$382KNo change

Total filed on the 13F, all lines: $149.1M.

Portfolio Sells Q2 2024 → Q3 2024
BA The Boeing Co. Sold out 0.00% −1.09
HUM Humana Inc. Reduce -99.0% 0.01% −1.06
CHRW C.H. Robinson Worldwide Inc. Reduce -99.0% 0.01% −1.03
MCK McKesson Corp. Reduce -99.0% 0.01% −1.03
BG Bunge Global SA Reduce -99.0% 0.01% −1.02
MOH Molina Healthcare Inc. Reduce -98.9% 0.01% −0.95
DAL Delta Air Lines Inc. Reduce -99.0% 0.01% −0.93
MCY Mercury General Corp. Reduce -99.6% 0.00% −0.91
WHD Cactus Inc. Class A Sold out 0.00% −0.77
IESC Ies Holdings Inc. Sold out 0.00% −0.52
MKTX Marketaxess Holdings Inc. Reduce -98.9% 0.01% −0.46
DAKT Daktronics Inc. Sold out 0.00% −0.44
PB Prosperity Bancshares Inc. Sold out 0.00% −0.31
NSP Insperity Inc. Reduce -7.2% 0.82% −0.16
HY Hyster-Yale Inc. Reduce -0.4% 0.83% −0.15
PPC Pilgrim's Pride Corp. Reduce -17.8% 0.99% −0.09
ACI Albertsons Cos Inc. Class A Sold out 0.00% −0.09
IVV iShares Core S&P 500 ETF Reduce -2.5% 1.69% −0.07
AMZN Amazon.com Inc. Reduce -2.8% 0.44% −0.06
WIRE Encore Wire Corp. Sold out 0.00% −0.05
RIO Rio Tinto PLC-Spon ADR Sold out 0.00% −0.05
V Visa Inc. Class A Sold out 0.00% −0.03
IVOL Quadratic Int Rte Vol Infl H Reduce -45.5% 0.03% −0.03
OEF iShares S&P 100 ETF Reduce -19.4% 0.05% −0.01
GLW Corning Inc. Reduce -41.9% 0.01% −0.01
S Sentinelone Inc. Class A Sold out 0.00% −0.00
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.00
DINO HF Sinclair Corp. Sold out 0.00% −0.00

Portfolio Buys Q2 2024 → Q3 2024
BIL SS SPDR BB 1-3M T-Bill ETF Add +174.3% 3.61% +2.20
TGT Target Corp. Add +305.7% 1.28% +0.96
KR Kroger Co. New 0.90% +0.90
SYY Sysco Corp. New 0.90% +0.90
ASO Academy Sports & Outdoors Inc. New 0.88% +0.88
BBY Best Buy Co. Inc. New 0.86% +0.86
GPI Group 1 Automotive Inc. New 0.85% +0.85
PAG Penske Automotive Group Inc. New 0.83% +0.83
SLB SLB Ltd. Add +4952.4% 0.75% +0.73
CNXC Concentrix Corp. New 0.57% +0.57
COR Cencora Inc. Add +53.9% 1.80% +0.55
GPGI Gpgi Inc. New 0.43% +0.43
SCHD Schwab US DVD Equity ETF Add +3.0% 7.83% +0.33
UYLD Angel Oak Ultrashort Income Add +23.6% 1.40% +0.19
AVUV Avantis US Small Cap Value Add +5.7% 3.71% +0.19
HLNE Hamilton Lane Inc. Class A Add +2.2% 0.54% +0.12
EIM Eaton Vance Municipal Bond New 0.07% +0.07
NZF Nuveen Municipal Credit Inc. New 0.07% +0.07
NUV Nuveen Municipal Value New 0.07% +0.07
CARY Angel Oak Income ETF New 0.06% +0.06
IEFA iShares Core MSCI Eafe ETF Add +1.5% 2.21% +0.04
EMB iShares JP Morgan Usd Emergi Add +2.8% 2.69% +0.04
PHYS Sprott Physical Gold Trust Add +1.4% 0.57% +0.04
DVY iShares Select Dividend ETF Add +0.6% 0.74% +0.03
SCHB Schwab US Broad Market ETF Add +1.9% 5.42% +0.03
SPTL SS SPDR PF LNG TRM TSY E-Usd Add +3.8% 0.69% +0.02
IEMG iShares Core MSCI Emerging Add +1.7% 1.24% +0.02
CRWD CrowdStrike Holdings Inc. Class A Add +150.0% 0.03% +0.01
ZS Zscaler Inc. New 0.01% +0.01
BROS Dutch Bros Inc. Class A New 0.01% +0.01
KO The Coca-Cola Co. Add +0.3% 0.09% +0.00
REMX Vaneck Rar Earth ND STG-Usdi Add +40.0% 0.01% +0.00
IJR iShares Core S&P Small-Cap E Add +0.3% 0.13% +0.00
CORP PIMCO Inv Grade Corp. BD ETF Add +2.6% 2.17% +0.00
USMV iShares MSCI USA Min Vol Fac New 0.00% +0.00
PSLV Sprott Physical Silver Trust Add +2.3% 0.42% +0.00
IWF iShares Russell 1000 Growth New 0.00% +0.00
EELV Invesco S&P Emerging Markets New 0.00% +0.00
EEMV iShares MSCI Emg MKT Min Vol New 0.00% +0.00
FDLO Fidelity Low Volat Fact ETF New 0.00% +0.00
IEF iShares 7-10 Year Treasury B New 0.00% +0.00
BIV Vanguard Intermediate-Term B New 0.00% +0.00
AVLV Avantis US Large Cap Value New 0.00% +0.00
IJS iShares S&P Small-Cap 600 Va New 0.00% +0.00
QUAL iShares MSCI USA Quality Fac Add +0.3% 0.07% −0.00
PDX PIMCO Dynamic Income Strat Add +0.1% 0.31% −0.00
IFLN Invesco Bloomberg Enhanced F Add +3.6% 2.56% −0.01
FRDM Freedom 100 Emeging MRKT ETF Add +5.2% 1.47% −0.01
RSPT Invesco S&P 500 Equal Weight Add +3.6% 3.75% −0.02
XOM Exxon Mobil Corp. Add +2.2% 1.11% −0.03

Notes & Other Activity Q2 2024 → Q3 2024
T AT&T Inc. COM Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 226$211.8MBIL, SCHD, UYLD, AVUV, CORP
Q1 2026 201$195.9MBIL, SCHD, UYLD, AVUV, CORP
Q4 2025 213$169.0MSCHD, UYLD, AVUV, RSPT, CORP
Q3 2025 213$172.7MSCHD, AVUV, UYLD, SCHB, BIL
Q2 2025 199$154.0MSCHD, AVUV, SCHB, RSPT, SCHO
Q1 2025 182$147.0MSCHD, AVUV, SCHB, SCHO, RSPT
Q4 2024 202$142.9MSCHD, SCHB, AVUV, AAPL, RSPT
Q3 2024Amended 206$147.9MSCHD, SCHB, RSPT, AVUV, BIL
Q2 2024 195$138.0MSCHD, SCHB, RSPT, AVUV, AAPL
Q1 2024 195$133.1MSCHD, SCHB, RSPT, AVUV, BRK.B