# ISLAY CAPITAL MANAGEMENT, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1738560. Source: https://holderbook.com/funds/1738560-islay-capital-management-llc/

- Reported value: $216.3M
- Positions: 231
- Weight of the ten largest: 41.8%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $15.7M | 171,604 | 7.3% | 9 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $15.2M | 479,137 | 7.0% | 27 |
| ANGEL OAK FUNDS TRUST | [UYLD](https://holderbook.com/stocks/UYLD/) | $11.1M | 218,490 | 5.2% | 13 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $10.2M | 81,666 | 4.7% | 14 |
| PIMCO ETF TR | [CORP](https://holderbook.com/stocks/CORP/) | $8.3M | 85,564 | 3.8% | 27 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $7.6M | 118,157 | 3.5% | 27 |
| EA SERIES TRUST | [FRDM](https://holderbook.com/stocks/FRDM/) | $6.2M | 85,415 | 2.9% | 14 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $5.5M | 188,620 | 2.5% | 27 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.3M | 18,480 | 2.5% | 27 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $5.3M | 219,598 | 2.5% | 27 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.9M | 9,720 | 2.2% | 27 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $3.9M | 47,543 | 1.8% | 27 |
| J P MORGAN EXCHANGE TRADED F | [JCPB](https://holderbook.com/stocks/JCPB/) | $3.9M | 82,197 | 1.8% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.6M | 9,561 | 1.6% | 27 |
| CASEYS GEN STORES INC | [CASY](https://holderbook.com/stocks/CASY/) | $3.5M | 4,462 | 1.6% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.5M | 14,777 | 1.6% | 27 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $3.5M | 36,074 | 1.6% | 27 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $3.4M | 0 | 1.6% | 27 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $3.1M | 32,342 | 1.4% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.1M | 8,549 | 1.4% | 27 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $2.7M | 36,216 | 1.3% | 27 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $2.7M | 33,134 | 1.3% | 27 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.6M | 3,493 | 1.2% | 27 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.4M | 9,511 | 1.1% | 25 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $2.4M | 4,730 | 1.1% | 27 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $2.2M | 16,598 | 1.0% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.2M | 11,146 | 1.0% | 27 |
| FIDELITY MERRIMACK STR TR | [FCOR](https://holderbook.com/stocks/FCOR/) | $2.2M | 47,166 | 1.0% | 27 |
| ANGEL OAK FUNDS TRUST | [CARY](https://holderbook.com/stocks/CARY/) | $2.2M | 104,900 | 1.0% | 8 |
| ALLISON TRANSMISSION HLDGS I | [ALSN](https://holderbook.com/stocks/ALSN/) | $2.1M | 18,440 | 1.0% | 11 |
| OMEGA HEALTHCARE INVS INC | [OHI](https://holderbook.com/stocks/OHI/) | $2.0M | 42,085 | 0.9% | 13 |
| FIDELITY MERRIMACK STR TR | [FLTB](https://holderbook.com/stocks/FLTB/) | $1.9M | 38,753 | 0.9% | 27 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.8M | 5,854 | 0.9% | 27 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.7M | 14,968 | 0.8% | 14 |
| SPDR SERIES TRUST | [SPTL](https://holderbook.com/stocks/SPTL/) | $1.7M | 64,330 | 0.8% | 27 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.6M | 4,752 | 0.8% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.6M | 11,676 | 0.7% | 27 |
| INVESCO EXCH TRADED FD TR II | [IFLN](https://holderbook.com/stocks/IFLN/) | $1.6M | 87,277 | 0.7% | 27 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $1.6M | 34,138 | 0.7% | 14 |
| FIDELITY COMWLTH TR | [ONEQ](https://holderbook.com/stocks/ONEQ/) | $1.4M | 13,844 | 0.7% | 27 |
| NUVEEN S&P 500 DYNAMIC OVERW | [SPXX](https://holderbook.com/stocks/SPXX/) | $1.4M | 75,984 | 0.7% | 2 |
| COHEN & STEERS INC | [CNS](https://holderbook.com/stocks/CNS/) | $1.4M | 18,517 | 0.7% | 2 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.4M | 67,335 | 0.6% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.3M | 7,672 | 0.6% | 11 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $1.2M | 40,161 | 0.6% | 13 |
| NATIONAL BK HLDGS CORP | [NBHC](https://holderbook.com/stocks/NBHC/) | $1.2M | 26,945 | 0.6% | 2 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $1.2M | 12,878 | 0.5% | 22 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $1.2M | 4,605 | 0.5% | 27 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $1.2M | 7,498 | 0.5% | 27 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.2M | 11,220 | 0.5% | 24 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $1.2M | 12,536 | 0.5% | 10 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $1.1M | 21,926 | 0.5% | 25 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $1.1M | 33,159 | 0.5% | 27 |
| WISDOMTREE TR | [DEM](https://holderbook.com/stocks/DEM/) | $1.1M | 20,343 | 0.5% | 27 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $1.1M | 3,772 | 0.5% | 27 |
| PROG HOLDINGS INC | [PRG](https://holderbook.com/stocks/PRG/) | $1.0M | 22,495 | 0.5% | 1 |
| GLOBAL X FDS | [CATH](https://holderbook.com/stocks/CATH/) | $1.0M | 11,300 | 0.5% | 22 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $974.9K | 4,104 | 0.5% | 5 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $964.7K | 51,124 | 0.4% | 13 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $917.7K | 7,757 | 0.4% | 18 |
| BATH & BODY WORKS INC | [BBWI](https://holderbook.com/stocks/BBWI/) | $869.3K | 37,584 | 0.4% | 2 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $850.6K | 10,637 | 0.4% | 25 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $850.6K | 1,510 | 0.4% | 4 |
| UNIVERSAL HLTH SVCS INC | [UHS](https://holderbook.com/stocks/UHS/) | $829.7K | 5,580 | 0.4% | 2 |
| PAR PAC HOLDINGS INC | [PARR](https://holderbook.com/stocks/PARR/) | $825.9K | 14,728 | 0.4% | 3 |
| HF SINCLAIR CORP | [DINO](https://holderbook.com/stocks/DINO/) | $824.5K | 11,838 | 0.4% | 1 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $821.8K | 2,981 | 0.4% | 1 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $805.2K | 10,611 | 0.4% | 1 |
| CONSTELLIUM SE | [CSTM](https://holderbook.com/stocks/CSTM/) | $773.5K | 24,269 | 0.4% | 2 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $753.1K | 6,998 | 0.3% | 1 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $752.5K | 8,707 | 0.3% | 27 |
| NABORS INDUSTRIES LTD | [NBR](https://holderbook.com/stocks/NBR/) | $750.1K | 8,929 | 0.3% | 1 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $742.0K | 28,000 | 0.3% | 2 |
| WELLS FARGO & CO | [WFCPRL](https://holderbook.com/stocks/WFCPRL/) | $688.4K | 595 | 0.3% | 14 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $671.2K | 30,592 | 0.3% | 1 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $656.3K | 3,882 | 0.3% | 24 |
| DANA INC | [DAN](https://holderbook.com/stocks/DAN/) | $635.7K | 23,361 | 0.3% | 1 |
| LENDINGTREE INC | [TREE](https://holderbook.com/stocks/TREE/) | $527.4K | 11,907 | 0.2% | 1 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $426.8K | 6,275 | 0.2% | 1 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $416.7K | 1,899 | 0.2% | 27 |
| PLAINS ALL AMERN PIPELINE L | [PAA](https://holderbook.com/stocks/PAA/) | $407.4K | 18,300 | 0.2% | 27 |
| ISHARES TR | [LMUB](https://holderbook.com/stocks/LMUB/) | $399.4K | 7,798 | 0.2% | 1 |
| BANK OF AMER CORP | [BACPRL](https://holderbook.com/stocks/BACPRL/) | $376.4K | 300 | 0.2% | 14 |
| SIMPLIFY EXCHANGE TRADED FUN | [SBAR](https://holderbook.com/stocks/SBAR/) | $365.4K | 14,275 | 0.2% | 4 |
| SOUTHSTATE BK CORP | [SSB](https://holderbook.com/stocks/SSB/) | $359.3K | 3,597 | 0.2% | 3 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $351.3K | 2,554 | 0.2% | 1 |
| PIMCO DYNAMIC INCOME STRATEG | [PDX](https://holderbook.com/stocks/PDX/) | $334.1K | 16,047 | 0.2% | 27 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $309.6K | 903 | 0.1% | 11 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $295.0K | 6,392 | 0.1% | 1 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $275.2K | 1,212 | 0.1% | 1 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $274.6K | 3,587 | 0.1% | 1 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $256.7K | 1,353 | 0.1% | 25 |
| SABINE RTY TR | [SBR](https://holderbook.com/stocks/SBR/) | $256.2K | 3,500 | 0.1% | 27 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $225.5K | 4,656 | 0.1% | 27 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $219.5K | 600 | 0.1% | 26 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $218.4K | 4,143 | 0.1% | 1 |
| HOME BANCSHARES INC | [HOMB](https://holderbook.com/stocks/HOMB/) | $215.5K | 7,548 | 0.1% | 3 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $214.9K | 1,727 | 0.1% | 1 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $210.9K | 2,203 | 0.1% | 27 |
| SPDR SERIES TRUST | [SLYG](https://holderbook.com/stocks/SLYG/) | $202.5K | 1,700 | 0.1% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.5% | +14.8% | -9.4% | 100% |
| Q1 2026 | +1.9% | -4.6% | +6.5% | 99% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +5.3% | +7.8% | -2.5% | 100% |
| Q2 2025 | +4.3% | +10.5% | -6.2% | 100% |
| Q1 2025 | -0.7% | -4.6% | +3.8% | 100% |
| Q4 2024 | -0.9% | +2.1% | -3.0% | 100% |
| Q3 2024 | +5.4% | +5.4% | -0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $216.3M | 231 |
| Q1 2026 | $197.0M | 203 |
| Q4 2025 | $170.1M | 215 |
| Q3 2025 | $174.9M | 216 |
| Q2 2025 | $155.1M | 201 |
| Q1 2025 | $148.1M | 184 |
| Q4 2024 | $144.0M | 204 |
| Q3 2024 | $149.1M | 208 |
| Q2 2024 | $139.1M | 197 |
| Q1 2024 | $134.3M | 197 |
| Q4 2023 | $129.5M | 220 |
| Q3 2023 | $119.4M | 214 |