Islay Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Islay Capital Management, LLC reported 199 stock positions worth $154.0 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 6.5% of the portfolio, followed by Avantis US Small Cap Value (AVUV, 4.3%) and Schwab US Broad Market ETF (SCHB, 4.0%). Compared with Q1 2025, it opened 31 new positions, sold out of 14, added to 21 and reduced 38. The biggest buy was iShares Core MSCI Emerging (IEMG, shares +148%) and the biggest sale an exit from Bj's Wholesale Club (BJ).
- Most Recent 13F
- Q2 2026
- Location
- Lubbock, TX
- CIK
- 0001738560
- Portfolio Value
- $154.0M (Q2 2025)
- SEC Filing
- 0001941040-25-000455 ↗ filed Aug 8, 2025
Holdings Value
Holdings 199 stocks · $154.0M
| SCHD Schwab US DVD Equity ETF | 6.47% | 376,129 | $10.0M | Add +5.3% |
| AVUV Avantis US Small Cap Value | 4.27% | 72,267 | $6.6M | Reduce -6.1% |
| SCHB Schwab US Broad Market ETF | 3.98% | 257,185 | $6.1M | Reduce -15.0% |
| RSPT Invesco S&P 500 Equal Weight | 3.36% | 126,979 | $5.2M | Reduce -23.4% |
| SCHO Schwab Short-Term US Treas | 3.23% | 204,292 | $5.0M | Reduce -16.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.20% | 53,790 | $4.9M | Reduce -0.9% |
| CORP PIMCO Inv Grade Corp. BD ETF | 2.90% | 45,940 | $4.5M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.71% | 8,592 | $4.2M | Add +0.6% |
| IEMG iShares Core MSCI Emerging | 2.68% | 68,649 | $4.1M | Add +147.6% |
| MSFT Microsoft Corp. | 2.62% | 8,117 | $4.0M | Add +0.4% |
| AAPL Apple Inc. | 2.61% | 19,609 | $4.0M | Reduce -3.4% |
| UYLD Angel Oak Ultrashort Income | 2.58% | 77,889 | $4.0M | Add +23.4% |
| IFLN Invesco Bloomberg Enhanced F | 1.98% | 165,165 | $3.0M | Reduce -11.4% |
| FRDM Freedom 100 Emeging MRKT ETF | 1.88% | 71,613 | $2.9M | Add +4.5% |
| CASY Casey's General Stores Inc. | 1.53% | 4,606 | $2.4M | No change |
| BNDX Vanguard Total Intl Bond ETF | 1.47% | 45,623 | $2.3M | Add +1078.0% |
| OXY Occidental Petroleum Corp. | 1.43% | 52,358 | $2.2M | Reduce -1.1% |
| WFC Wells Fargo & Co. | 1.43% | 27,395 | $2.2M | No change |
| AMZN Amazon.com Inc. | 1.39% | 9,778 | $2.1M | No change |
| UPS United Parcel Service Class B | 1.34% | 20,396 | $2.1M | Reduce -1.8% |
| TXN Texas Instruments Inc. | 1.24% | 9,168 | $1.9M | Reduce -3.5% |
| IEFA iShares Core MSCI Eafe ETF | 1.22% | 22,532 | $1.9M | Add +451.6% |
| MOH Molina Healthcare Inc. | 1.20% | 6,218 | $1.9M | Add +97.4% |
| GOOGL Alphabet Inc. Class A | 1.15% | 10,067 | $1.8M | Reduce -0.3% |
| PLTR Palantir Technologies Inc. Class A | 1.13% | 12,815 | $1.7M | Reduce -16.3% |
| FLTB Fidelity Ltd. TRM BND ETF | 1.13% | 34,527 | $1.7M | Reduce -14.4% |
| COR Cencora Inc. | 1.12% | 5,769 | $1.7M | No change |
| IVV iShares Core S&P 500 ETF | 1.10% | 2,732 | $1.7M | Reduce -22.9% |
| LMT Lockheed Martin Corp. | 1.09% | 3,611 | $1.7M | No change |
| DGRO iShares Core Dividend Growth | 1.06% | 25,622 | $1.6M | Add +0.4% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.05% | 61,122 | $1.6M | Add +581.1% |
| XOM Exxon Mobil Corp. | 1.04% | 14,865 | $1.6M | No change |
| JNJ Johnson & Johnson | 0.85% | 8,598 | $1.3M | Reduce -1.7% |
| FCOR Fidelity Corporate Bond ETF | 0.82% | 26,719 | $1.3M | Reduce -1.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.82% | 15,591 | $1.3M | Reduce -10.0% |
| DFH Dream Finders Homes Inc. Class A | 0.79% | 48,395 | $1.2M | New |
| ONEQ Fidelity Nasdaq Comp Indx | 0.79% | 15,161 | $1.2M | Reduce -28.2% |
| COP Conocophillips | 0.77% | 13,217 | $1.2M | No change |
| DEM Wisdomtree Emerging Markets | 0.76% | 26,004 | $1.2M | Add +4.0% |
| OSK Oshkosh Corp. | 0.75% | 10,202 | $1.2M | New |
| SAH Sonic Automotive Inc. Class A | 0.74% | 14,300 | $1.1M | New |
| SCHW Schwab (charles) Corp. | 0.74% | 12,473 | $1.1M | Add +0.8% |
| APO Apollo Global Management Inc. | 0.73% | 7,958 | $1.1M | Add +3.0% |
| KR Kroger Co. | 0.71% | 15,240 | $1.1M | Reduce -22.3% |
| CAH Cardinal Health Inc. | 0.71% | 6,494 | $1.1M | New |
| MHO M/I Homes Inc. | 0.69% | 9,488 | $1.1M | New |
| AMLP Alerian MLP ETF | 0.69% | 21,693 | $1.1M | No change |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.69% | 76,317 | $1.1M | Reduce -4.9% |
| GPI Group 1 Automotive Inc. | 0.69% | 2,423 | $1.1M | Reduce -14.8% |
| MCY Mercury General Corp. | 0.69% | 15,705 | $1.1M | New |
| MCK McKesson Corp. | 0.68% | 1,422 | $1.0M | New |
| UVE Universal Insurance Holdings | 0.68% | 37,576 | $1.0M | New |
| DVY iShares Select Dividend ETF | 0.68% | 7,844 | $1.0M | Reduce -0.7% |
| ALSN Allison Transmission Holding | 0.68% | 10,953 | $1.0M | No change |
| PRG Prog Holdings Inc. | 0.67% | 35,244 | $1.0M | New |
| SCHG Schwab US Large-Cap Growth | 0.67% | 35,289 | $1.0M | Add +0.4% |
| DAL Delta Air Lines Inc. | 0.67% | 20,907 | $1.0M | New |
| PHYS Sprott Physical Gold Trust | 0.66% | 40,161 | $1.0M | Reduce -2.4% |
| TSCO Tractor Supply Company | 0.66% | 19,174 | $1.0M | Add +2.5% |
| EMB iShares JP Morgan Usd Emergi | 0.65% | 10,884 | $1.0M | Reduce -59.4% |
| USFD US Foods Holding Corp. | 0.64% | 12,818 | $987K | New |
| ACI Albertsons Cos Inc. Class A | 0.64% | 45,885 | $987K | New |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.60% | 27,286 | $922K | Reduce -3.5% |
| KKR KKR & Co. Inc. | 0.59% | 6,786 | $903K | Add +4.1% |
| NVDA Nvidia Corp. | 0.56% | 5,480 | $866K | Reduce -0.4% |
| CVX Chevron Corp. | 0.52% | 5,556 | $796K | No change |
| GIII G-III Apparel Group Ltd. | 0.51% | 35,103 | $786K | New |
| CATH Global X S&P 500 Ca Val ETF | 0.51% | 10,412 | $786K | No change |
| JPM JPMorgan Chase & Co. | 0.50% | 2,675 | $776K | Reduce -7.7% |
| MPC Marathon Petroleum Corp. | 0.50% | 4,633 | $770K | No change |
| OHI Omega Healthcare Investors | 0.47% | 19,819 | $726K | No change |
| TLT iShares 20+ Year Treasury BD | 0.46% | 8,097 | $715K | Add +779.1% |
| PSLV Sprott Physical Silver Trust | 0.45% | 57,124 | $699K | Reduce -3.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.41% | 2,806 | $636K | Add +1.8% |
| SO The Southern Co. | 0.41% | 6,809 | $625K | No change |
| EMR Emerson Electric Co. | 0.39% | 4,477 | $597K | No change |
| PSX Phillips 66 | 0.36% | 4,635 | $553K | No change |
| FNF Fidelity National Financial | 0.32% | 8,865 | $497K | Add +2.3% |
| PDX PIMCO Dynamic Income Strat | 0.30% | 18,847 | $465K | Reduce -2.5% |
| VOD Vodafone Group PLC-SP ADR | 0.26% | 37,180 | $396K | Reduce -6.3% |
| GIS General Mills Inc. | 0.24% | 7,083 | $367K | New |
| PAA Plains All Amer Pipeline LP | 0.22% | 18,300 | $335K | No change |
| TGT Target Corp. | 0.21% | 3,318 | $327K | Reduce -75.6% |
| CI The Cigna Group | 0.21% | 969 | $320K | No change |
| HLNE Hamilton Lane Inc. Class A | 0.13% | 1,444 | $205K | No change |
| SBR Sabine Royalty Trust | 0.13% | 3,000 | $199K | Reduce -25.0% |
| RTX RTX Corp. | 0.13% | 1,353 | $198K | No change |
| DE Deere & Co. | 0.13% | 380 | $193K | No change |
| BX Blackstone Inc. | 0.10% | 1,000 | $150K | No change |
| EPI Wisdomtree India Earnings | 0.09% | 3,000 | $142K | No change |
| IJR iShares Core S&P Small-Cap E | 0.09% | 1,231 | $135K | Reduce -17.2% |
| LHX L3HARRIS Technologies Inc. | 0.09% | 523 | $131K | No change |
| HPK Highpeak Energy Inc. | 0.08% | 12,300 | $121K | No change |
| NRG NRG Energy Inc. | 0.07% | 680 | $109K | No change |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.07% | 1,200 | $107K | New |
| NFLX Netflix Inc. | 0.07% | 75 | $100K | Reduce -21.1% |
| NUV Nuveen Municipal Value | 0.06% | 11,500 | $100K | No change |
| MRSH Marsh & McLennan Cos | 0.06% | 450 | $98K | No change |
| EIM Eaton Vance Municipal Bond | 0.06% | 10,000 | $97K | No change |
| PRU Prudential Financial Inc. | 0.06% | 894 | $96K | 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 | $746K | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 300 | $364K | No change |
Total filed on the 13F, all lines: $155.1M.
Portfolio Sells Q1 2025 → Q2 2025
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −1.02 |
| EMB iShares JP Morgan Usd Emergi | Reduce -59.4% | 0.65% | −1.00 |
| SIG Signet Jewelers Ltd. | Sold out | 0.00% | −0.95 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.88 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −0.86 |
| HUM Humana Inc. | Sold out | 0.00% | −0.85 |
| SCHO Schwab Short-Term US Treas | Reduce -16.9% | 3.23% | −0.84 |
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −0.82 |
| GAP The Gap Inc. | Sold out | 0.00% | −0.81 |
| VC Visteon Corp. | Sold out | 0.00% | −0.79 |
| JAKK Jakks Pacific Inc. | Sold out | 0.00% | −0.78 |
| TGT Target Corp. | Reduce -75.6% | 0.21% | −0.75 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.74 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -23.4% | 3.36% | −0.50 |
| AAPL Apple Inc. | Reduce -3.4% | 2.61% | −0.46 |
| SCHB Schwab US Broad Market ETF | Reduce -15.0% | 3.98% | −0.45 |
| OXY Occidental Petroleum Corp. | Reduce -1.1% | 1.43% | −0.35 |
| COLD Americold Realty Trust Inc. | Sold out | 0.00% | −0.32 |
| IFLN Invesco Bloomberg Enhanced F | Reduce -11.4% | 1.98% | −0.31 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.30 |
| AVUV Avantis US Small Cap Value | Reduce -6.1% | 4.27% | −0.29 |
| IVV iShares Core S&P 500 ETF | Reduce -22.9% | 1.10% | −0.25 |
| FLTB Fidelity Ltd. TRM BND ETF | Reduce -14.4% | 1.13% | −0.25 |
| UPS United Parcel Service Class B | Reduce -1.8% | 1.34% | −0.22 |
| SLB SLB Ltd. | Reduce -3.5% | 0.60% | −0.21 |
| KR Kroger Co. | Reduce -22.3% | 0.71% | −0.19 |
| ONEQ Fidelity Nasdaq Comp Indx | Reduce -28.2% | 0.79% | −0.19 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -0.9% | 3.20% | −0.18 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -1.8% | 2.90% | −0.18 |
| JNJ Johnson & Johnson | Reduce -1.7% | 0.85% | −0.13 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -10.0% | 0.82% | −0.11 |
| SBR Sabine Royalty Trust | Reduce -25.0% | 0.13% | −0.05 |
| GPI Group 1 Automotive Inc. | Reduce -14.8% | 0.69% | −0.05 |
| DVY iShares Select Dividend ETF | Reduce -0.7% | 0.68% | −0.05 |
| FCOR Fidelity Corporate Bond ETF | Reduce -1.4% | 0.82% | −0.04 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Reduce -4.9% | 0.69% | −0.03 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.03 |
| PDX PIMCO Dynamic Income Strat | Reduce -2.5% | 0.30% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -17.2% | 0.09% | −0.02 |
| PHYS Sprott Physical Gold Trust | Reduce -2.4% | 0.66% | −0.01 |
| PSLV Sprott Physical Silver Trust | Reduce -3.0% | 0.45% | −0.01 |
| CRM Salesforce Inc. | Reduce -29.4% | 0.01% | −0.00 |
| MDY State Street SPDR S&P Midcap | Reduce -10.2% | 0.03% | −0.00 |
| TLRY Tilray Brands Inc. | Sold out | 0.00% | 0.00 |
| VOD Vodafone Group PLC-SP ADR | Reduce -6.3% | 0.26% | +0.00 |
| NFLX Netflix Inc. | Reduce -21.1% | 0.07% | +0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -13.3% | 0.04% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -7.7% | 0.50% | +0.02 |
| TXN Texas Instruments Inc. | Reduce -3.5% | 1.24% | +0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 1.15% | +0.09 |
Portfolio Buys Q1 2025 → Q2 2025
| IEMG iShares Core MSCI Emerging | Add +147.6% | 2.68% | +1.66 |
| BNDX Vanguard Total Intl Bond ETF | Add +1078.0% | 1.47% | +1.34 |
| IEFA iShares Core MSCI Eafe ETF | Add +451.6% | 1.22% | +1.01 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +581.1% | 1.05% | +0.89 |
| DFH Dream Finders Homes Inc. Class A | New | 0.79% | +0.79 |
| OSK Oshkosh Corp. | New | 0.75% | +0.75 |
| SAH Sonic Automotive Inc. Class A | New | 0.74% | +0.74 |
| CAH Cardinal Health Inc. | New | 0.71% | +0.71 |
| MHO M/I Homes Inc. | New | 0.69% | +0.69 |
| MCY Mercury General Corp. | New | 0.69% | +0.69 |
| MCK McKesson Corp. | New | 0.68% | +0.68 |
| UVE Universal Insurance Holdings | New | 0.68% | +0.68 |
| PRG Prog Holdings Inc. | New | 0.67% | +0.67 |
| DAL Delta Air Lines Inc. | New | 0.67% | +0.67 |
| ACI Albertsons Cos Inc. Class A | New | 0.64% | +0.64 |
| USFD US Foods Holding Corp. | New | 0.64% | +0.64 |
| MSFT Microsoft Corp. | Add +0.4% | 2.62% | +0.56 |
| GIII G-III Apparel Group Ltd. | New | 0.51% | +0.51 |
| MOH Molina Healthcare Inc. | Add +97.4% | 1.20% | +0.50 |
| TLT iShares 20+ Year Treasury BD | Add +779.1% | 0.46% | +0.41 |
| UYLD Angel Oak Ultrashort Income | Add +23.4% | 2.58% | +0.39 |
| FRDM Freedom 100 Emeging MRKT ETF | Add +4.5% | 1.88% | +0.24 |
| GIS General Mills Inc. | New | 0.24% | +0.24 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.8% | 0.41% | +0.10 |
| SCHW Schwab (charles) Corp. | Add +0.8% | 0.74% | +0.08 |
| KKR KKR & Co. Inc. | Add +4.1% | 0.59% | +0.07 |
| SCHG Schwab US Large-Cap Growth | Add +0.4% | 0.67% | +0.07 |
| SLYG SS SPDR S&P 600 SC GR ETF | New | 0.07% | +0.07 |
| DEM Wisdomtree Emerging Markets | Add +4.0% | 0.76% | +0.05 |
| OEF iShares S&P 100 ETF | Add +200.0% | 0.06% | +0.04 |
| CLF Cleveland-Cliffs Inc. | New | 0.02% | +0.02 |
| UNH Unitedhealth Group Inc. | New | 0.02% | +0.02 |
| AOMR Angel Oak Mortgage REIT Inc. | New | 0.02% | +0.02 |
| APO Apollo Global Management Inc. | Add +3.0% | 0.73% | +0.01 |
| MIND Mind Technology Inc. | New | 0.01% | +0.01 |
| COST Costco Wholesale Corp. | New | 0.00% | +0.00 |
| TSLA Tesla Inc. | New | 0.00% | +0.00 |
| AMD Advanced Micro Devices | New | 0.00% | +0.00 |
| CAT Caterpillar Inc. | New | 0.00% | +0.00 |
| PTEN Patterson-Uti Energy Inc. | New | 0.00% | +0.00 |
| RGTI Rigetti Computing Inc. | New | 0.00% | +0.00 |
| GH Guardant Health Inc. | New | 0.00% | +0.00 |
| IONQ Ionq Inc. | New | 0.00% | +0.00 |
| SOFI Sofi Technologies Inc. | New | 0.00% | +0.00 |
| TAK Takeda Pharmaceutic-SP ADR | New | 0.00% | +0.00 |
| FBLG Fibrobiologics Inc. | New | 0.00% | +0.00 |
| TWFG TWFG Inc. | New | 0.00% | +0.00 |
| DGRO iShares Core Dividend Growth | Add +0.4% | 1.06% | −0.01 |
| TSCO Tractor Supply Company | Add +2.5% | 0.66% | −0.04 |
| FNF Fidelity National Financial | Add +2.3% | 0.32% | −0.06 |
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 |