Islay Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Islay Capital Management, LLC reported 202 stock positions worth $142.9 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 8.0% of the portfolio, followed by Schwab US Broad Market ETF (SCHB, 5.6%) and Avantis US Small Cap Value (AVUV, 3.9%). Compared with Q3 2024, it opened 19 new positions, sold out of 23, added to 50 and reduced 37. The biggest buy was a new position in G-III Apparel (GIII) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- Lubbock, TX
- CIK
- 0001738560
- Portfolio Value
- $142.9M (Q4 2024)
- SEC Filing
- 0001941040-25-000146 ↗ filed Feb 13, 2025
Holdings Value
Holdings 202 stocks · $142.9M
| SCHD Schwab US DVD Equity ETF | 7.97% | 416,656 | $11.4M | Add +1.4% |
| SCHB Schwab US Broad Market ETF | 5.59% | 351,742 | $8.0M | Reduce -2.7% |
| AVUV Avantis US Small Cap Value | 3.94% | 58,347 | $5.6M | Add +2.1% |
| AAPL Apple Inc. | 3.79% | 21,647 | $5.4M | Add +0.2% |
| RSPT Invesco S&P 500 Equal Weight | 3.73% | 142,430 | $5.3M | Reduce -3.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.04% | 9,570 | $4.3M | Reduce -2.5% |
| EMB iShares JP Morgan Usd Emergi | 2.76% | 44,297 | $3.9M | Add +4.1% |
| IFLN Invesco Bloomberg Enhanced F | 2.68% | 211,545 | $3.8M | Add +3.4% |
| MSFT Microsoft Corp. | 2.43% | 8,254 | $3.5M | Reduce -4.3% |
| CORP PIMCO Inv Grade Corp. BD ETF | 2.23% | 33,473 | $3.2M | Add +3.9% |
| IEFA iShares Core MSCI Eafe ETF | 2.00% | 40,644 | $2.9M | Reduce -3.0% |
| IVV iShares Core S&P 500 ETF | 1.78% | 4,327 | $2.5M | Reduce -0.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.73% | 27,078 | $2.5M | Reduce -53.4% |
| SCHO Schwab Short-Term US Treas | 1.68% | 100,038 | $2.4M | Add +2.8% |
| PLTR Palantir Technologies Inc. Class A | 1.66% | 31,414 | $2.4M | Reduce -30.9% |
| GOOGL Alphabet Inc. Class A | 1.60% | 12,100 | $2.3M | Reduce -1.4% |
| CASY Casey's General Stores Inc. | 1.58% | 5,708 | $2.3M | Add +3.7% |
| DGRO iShares Core Dividend Growth | 1.58% | 36,742 | $2.3M | Add +0.2% |
| FRDM Freedom 100 Emeging MRKT ETF | 1.53% | 66,953 | $2.2M | Add +10.4% |
| UYLD Angel Oak Ultrashort Income | 1.38% | 38,487 | $2.0M | Reduce -4.8% |
| WFC Wells Fargo & Co. | 1.31% | 26,651 | $1.9M | Add +4.8% |
| LMT Lockheed Martin Corp. | 1.28% | 3,779 | $1.8M | Add +0.1% |
| COR Cencora Inc. | 1.27% | 8,052 | $1.8M | Reduce -32.1% |
| IEMG iShares Core MSCI Emerging | 1.14% | 31,119 | $1.6M | Reduce -2.4% |
| XOM Exxon Mobil Corp. | 1.13% | 14,969 | $1.6M | Add +6.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.12% | 20,347 | $1.6M | Add +1.2% |
| CMCSA Comcast Corp. Class A | 1.01% | 38,601 | $1.4M | Add +2.5% |
| UNH Unitedhealth Group Inc. | 1.01% | 2,847 | $1.4M | Add +4.4% |
| ONEQ Fidelity Nasdaq Comp Indx | 0.99% | 18,663 | $1.4M | Reduce -0.4% |
| COP Conocophillips | 0.95% | 13,662 | $1.4M | Add +0.5% |
| JNJ Johnson & Johnson | 0.94% | 9,247 | $1.3M | Add +2.6% |
| APO Apollo Global Management Inc. | 0.93% | 8,037 | $1.3M | Add +4.9% |
| ALSN Allison Transmission Holding | 0.82% | 10,813 | $1.2M | Add +9.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.77% | 28,713 | $1.1M | Add +8.3% |
| MPC Marathon Petroleum Corp. | 0.77% | 7,888 | $1.1M | Add +8.3% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.76% | 77,756 | $1.1M | Add +2.4% |
| DVY iShares Select Dividend ETF | 0.75% | 8,118 | $1.1M | Add +0.5% |
| AMLP Alerian MLP ETF | 0.74% | 21,841 | $1.1M | Add +2.1% |
| SCHG Schwab US Large-Cap Growth | 0.73% | 37,352 | $1.0M | No change |
| TSCO Tractor Supply Company | 0.71% | 19,100 | $1.0M | Add +1.4% |
| DEM Wisdomtree Emerging Markets | 0.71% | 25,004 | $1.0M | Add +2.7% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.68% | 36,968 | $968K | Add +4.8% |
| KR Kroger Co. | 0.64% | 15,022 | $919K | Reduce -35.6% |
| NVDA Nvidia Corp. | 0.63% | 6,750 | $906K | No change |
| GIII G-III Apparel Group Ltd. | 0.61% | 26,930 | $878K | New |
| LBRT Liberty Energy Inc. | 0.59% | 42,744 | $850K | New |
| CVX Chevron Corp. | 0.59% | 5,830 | $844K | Add +8.7% |
| JBL Jabil Inc. | 0.58% | 5,774 | $831K | New |
| PHYS Sprott Physical Gold Trust | 0.58% | 41,161 | $829K | No change |
| PPC Pilgrim's Pride Corp. | 0.57% | 17,828 | $809K | Reduce -43.8% |
| CRI Carter's Inc. | 0.56% | 14,640 | $793K | New |
| UAL United Airlines Holdings Inc. | 0.55% | 8,132 | $790K | New |
| KKR KKR & Co. Inc. | 0.55% | 5,332 | $789K | Add +14.5% |
| ACI Albertsons Cos Inc. Class A | 0.55% | 39,828 | $782K | New |
| HY Hyster-Yale Inc. | 0.54% | 15,252 | $777K | Reduce -21.1% |
| ELV Elevance Health Inc. | 0.54% | 2,096 | $773K | Add +1550.4% |
| USFD US Foods Holding Corp. | 0.54% | 11,333 | $765K | New |
| CHRW C.H. Robinson Worldwide Inc. | 0.53% | 7,373 | $762K | Add +4288.7% |
| AMZN Amazon.com Inc. | 0.53% | 3,460 | $759K | No change |
| HLNE Hamilton Lane Inc. Class A | 0.53% | 5,112 | $757K | Add +7.5% |
| FCOR Fidelity Corporate Bond ETF | 0.53% | 16,306 | $756K | Add +5.0% |
| CAH Cardinal Health Inc. | 0.53% | 6,394 | $756K | Add +591.2% |
| DAL Delta Air Lines Inc. | 0.53% | 12,402 | $750K | Add +4476.4% |
| OHI Omega Healthcare Investors | 0.52% | 19,819 | $750K | Add +5.4% |
| CATH Global X S&P 500 Ca Val ETF | 0.52% | 10,412 | $738K | Reduce -3.7% |
| MUSA Murphy USA Inc. | 0.51% | 1,456 | $731K | New |
| BWA Borgwarner Inc. | 0.51% | 22,939 | $729K | New |
| MCK McKesson Corp. | 0.51% | 1,273 | $725K | Add +4992.0% |
| JPM JPMorgan Chase & Co. | 0.49% | 2,898 | $695K | Add +2.0% |
| THC Tenet Healthcare Corp. | 0.48% | 5,474 | $691K | New |
| BTU Peabody Energy Corp. | 0.48% | 32,456 | $680K | New |
| TXN Texas Instruments Inc. | 0.41% | 3,088 | $579K | Reduce -8.0% |
| PSLV Sprott Physical Silver Trust | 0.40% | 58,924 | $569K | No change |
| CMPR Cimpress PLC | 0.39% | 7,865 | $564K | New |
| PSX Phillips 66 | 0.39% | 4,935 | $562K | No change |
| SO The Southern Co. | 0.39% | 6,809 | $561K | Reduce -0.1% |
| LKQ LKQ Corp. | 0.39% | 15,204 | $559K | New |
| EMR Emerson Electric Co. | 0.39% | 4,477 | $555K | Add +2.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.38% | 2,781 | $549K | Add +0.6% |
| PDX PIMCO Dynamic Income Strat | 0.35% | 19,309 | $505K | Add +0.1% |
| COLD Americold Realty Trust Inc. | 0.32% | 21,628 | $463K | Add +1.1% |
| FLTB Fidelity Ltd. TRM BND ETF | 0.31% | 8,872 | $440K | Reduce -3.3% |
| TGT Target Corp. | 0.29% | 3,118 | $421K | Reduce -74.3% |
| CI The Cigna Group | 0.28% | 1,442 | $398K | No change |
| SCHW Schwab (charles) Corp. | 0.26% | 5,016 | $371K | Add +4.9% |
| NEM Newmont Corp. | 0.24% | 9,092 | $338K | Reduce -1.8% |
| VOD Vodafone Group PLC-SP ADR | 0.24% | 39,680 | $337K | Add +1.7% |
| PAA Plains All Amer Pipeline LP | 0.22% | 18,300 | $313K | No change |
| TLT iShares 20+ Year Treasury BD | 0.21% | 3,392 | $296K | Add +3.9% |
| SBR Sabine Royalty Trust | 0.18% | 4,000 | $259K | Add +14.3% |
| BNDX Vanguard Total Intl Bond ETF | 0.13% | 3,909 | $192K | No change |
| IJR iShares Core S&P Small-Cap E | 0.13% | 1,590 | $183K | Add +0.2% |
| HPK Highpeak Energy Inc. | 0.13% | 12,300 | $181K | Reduce -16.0% |
| BX Blackstone Inc. | 0.12% | 1,000 | $172K | No change |
| DE Deere & Co. | 0.11% | 380 | $161K | No change |
| RTX RTX Corp. | 0.11% | 1,353 | $157K | Reduce -18.1% |
| MCO Moody's Corp. | 0.11% | 324 | $153K | Reduce -17.6% |
| EPI Wisdomtree India Earnings | 0.10% | 3,000 | $136K | No change |
| LHX L3HARRIS Technologies Inc. | 0.08% | 573 | $120K | Reduce -25.9% |
| PRU Prudential Financial Inc. | 0.07% | 894 | $106K | No change |
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 | $758K | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 300 | $366K | No change |
Total filed on the 13F, all lines: $144.0M.
Portfolio Sells Q3 2024 → Q4 2024
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -53.4% | 1.73% | −1.88 |
| TGT Target Corp. | Reduce -74.3% | 0.29% | −0.98 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.90 |
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −0.88 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.86 |
| GPI Group 1 Automotive Inc. | Sold out | 0.00% | −0.85 |
| WNC Wabash National Corp. | Sold out | 0.00% | −0.84 |
| PAG Penske Automotive Group Inc. | Sold out | 0.00% | −0.83 |
| NSP Insperity Inc. | Sold out | 0.00% | −0.82 |
| CNXC Concentrix Corp. | Sold out | 0.00% | −0.57 |
| COR Cencora Inc. | Reduce -32.1% | 1.27% | −0.54 |
| GPGI Gpgi Inc. | Sold out | 0.00% | −0.43 |
| PPC Pilgrim's Pride Corp. | Reduce -43.8% | 0.57% | −0.42 |
| HY Hyster-Yale Inc. | Reduce -21.1% | 0.54% | −0.29 |
| KR Kroger Co. | Reduce -35.6% | 0.64% | −0.26 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -3.0% | 2.00% | −0.21 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.11 |
| IEMG iShares Core MSCI Emerging | Reduce -2.4% | 1.14% | −0.10 |
| NEM Newmont Corp. | Reduce -1.8% | 0.24% | −0.10 |
| GLD SPDR Gold Shares | Reduce -83.3% | 0.02% | −0.08 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.08 |
| MSFT Microsoft Corp. | Reduce -4.3% | 2.43% | −0.07 |
| WMT Walmart Inc. | Reduce -75.0% | 0.03% | −0.07 |
| TXN Texas Instruments Inc. | Reduce -8.0% | 0.41% | −0.06 |
| DOW Dow Inc. | Reduce -71.0% | 0.01% | −0.05 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.05 |
| ORCL Oracle Corp. | Reduce -57.1% | 0.04% | −0.05 |
| LHX L3HARRIS Technologies Inc. | Reduce -25.9% | 0.08% | −0.04 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.04 |
| QUAL iShares MSCI USA Quality Fac | Reduce -49.8% | 0.04% | −0.04 |
| INTU Intuit Inc. | Reduce -42.9% | 0.05% | −0.03 |
| KO The Coca-Cola Co. | Reduce -30.3% | 0.06% | −0.03 |
| OEF iShares S&P 100 ETF | Reduce -60.0% | 0.02% | −0.03 |
| RTX RTX Corp. | Reduce -18.1% | 0.11% | −0.03 |
| USIG iShares Broad Usd Investment | Sold out | 0.00% | −0.02 |
| SO The Southern Co. | Reduce -0.1% | 0.39% | −0.02 |
| UYLD Angel Oak Ultrashort Income | Reduce -4.8% | 1.38% | −0.02 |
| MS Morgan Stanley | Sold out | 0.00% | −0.02 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -3.2% | 3.73% | −0.02 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.02 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −0.02 |
| MCO Moody's Corp. | Reduce -17.6% | 0.11% | −0.02 |
| SCHA Schwab US Small-Cap ETF | Reduce -54.1% | 0.02% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.5% | 3.04% | −0.02 |
| MOH Molina Healthcare Inc. | Sold out | 0.00% | −0.01 |
| HPK Highpeak Energy Inc. | Reduce -16.0% | 0.13% | −0.01 |
| BG Bunge Global SA | Sold out | 0.00% | −0.01 |
| HUM Humana Inc. | Sold out | 0.00% | −0.01 |
| TELL Tellurian Inc. | Sold out | 0.00% | −0.01 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| GIII G-III Apparel Group Ltd. | New | 0.61% | +0.61 |
| LBRT Liberty Energy Inc. | New | 0.59% | +0.59 |
| JBL Jabil Inc. | New | 0.58% | +0.58 |
| CRI Carter's Inc. | New | 0.56% | +0.56 |
| UAL United Airlines Holdings Inc. | New | 0.55% | +0.55 |
| ACI Albertsons Cos Inc. Class A | New | 0.55% | +0.55 |
| USFD US Foods Holding Corp. | New | 0.54% | +0.54 |
| CHRW C.H. Robinson Worldwide Inc. | Add +4288.7% | 0.53% | +0.52 |
| DAL Delta Air Lines Inc. | Add +4476.4% | 0.53% | +0.52 |
| MUSA Murphy USA Inc. | New | 0.51% | +0.51 |
| BWA Borgwarner Inc. | New | 0.51% | +0.51 |
| MCK McKesson Corp. | Add +4992.0% | 0.51% | +0.50 |
| ELV Elevance Health Inc. | Add +1550.4% | 0.54% | +0.50 |
| THC Tenet Healthcare Corp. | New | 0.48% | +0.48 |
| BTU Peabody Energy Corp. | New | 0.48% | +0.48 |
| CAH Cardinal Health Inc. | Add +591.2% | 0.53% | +0.46 |
| CMPR Cimpress PLC | New | 0.39% | +0.39 |
| LKQ LKQ Corp. | New | 0.39% | +0.39 |
| AAPL Apple Inc. | Add +0.2% | 3.79% | +0.39 |
| WFC Wells Fargo & Co. | Add +4.8% | 1.31% | +0.34 |
| APO Apollo Global Management Inc. | Add +4.9% | 0.93% | +0.28 |
| AVUV Avantis US Small Cap Value | Add +2.1% | 3.94% | +0.23 |
| CASY Casey's General Stores Inc. | Add +3.7% | 1.58% | +0.18 |
| ALSN Allison Transmission Holding | Add +9.3% | 0.82% | +0.18 |
| KKR KKR & Co. Inc. | Add +14.5% | 0.55% | +0.14 |
| SCHD Schwab US DVD Equity ETF | Add +1.4% | 7.97% | +0.14 |
| IFLN Invesco Bloomberg Enhanced F | Add +3.4% | 2.68% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +2.0% | 0.49% | +0.08 |
| SCHO Schwab Short-Term US Treas | Add +2.8% | 1.68% | +0.07 |
| EMB iShares JP Morgan Usd Emergi | Add +4.1% | 2.76% | +0.07 |
| EMR Emerson Electric Co. | Add +2.9% | 0.39% | +0.07 |
| FRDM Freedom 100 Emeging MRKT ETF | Add +10.4% | 1.53% | +0.06 |
| CORP PIMCO Inv Grade Corp. BD ETF | Add +3.9% | 2.23% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.6% | 0.38% | +0.06 |
| CVX Chevron Corp. | Add +8.7% | 0.59% | +0.06 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Add +2.4% | 0.76% | +0.06 |
| AMLP Alerian MLP ETF | Add +2.1% | 0.74% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +4.9% | 0.26% | +0.05 |
| PDCO Patterson Cos Inc. | New | 0.05% | +0.05 |
| PDX PIMCO Dynamic Income Strat | Add +0.1% | 0.35% | +0.05 |
| SBR Sabine Royalty Trust | Add +14.3% | 0.18% | +0.04 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +1.2% | 1.12% | +0.03 |
| EXE Expand Energy Corp. | New | 0.02% | +0.02 |
| DGRO iShares Core Dividend Growth | Add +0.2% | 1.58% | +0.02 |
| ADBE Adobe Inc. | Add +250.0% | 0.03% | +0.02 |
| FCOR Fidelity Corporate Bond ETF | Add +5.0% | 0.53% | +0.02 |
| SLB SLB Ltd. | Add +8.3% | 0.77% | +0.02 |
| AVDV Avantis Intl S/C Value ETF | New | 0.01% | +0.01 |
| XOM Exxon Mobil Corp. | Add +6.6% | 1.13% | +0.01 |
| DVY iShares Select Dividend ETF | Add +0.5% | 0.75% | +0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| T AT&T Inc. | COM | New | 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 |