Q2 2026 13F · SEC CIK 1738560

Islay Capital Management, LLC

Wealth managerFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $212.9M
Reported positions: 229
Top holdings a year, 3 yrs: +12.4%
Assets under management: $357.7M

Islay Capital Management, LLC is a wealth manager that reported 229 positions worth $212.9M in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were SPDR Brcy1-3 Ser (BIL, 7.4%), Schwab Strategic Tr (SCHD, 7.1%), Angel Oak Funds Trust (UYLD, 5.2%). A portfolio copying its top holdings returned 12.4% a year over the last 3 years, against 20.4% for the S&P 500.

Islay Capital Management, LLC holdings largest 50 of 229 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Islay Capital Management, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BILSPDR Brcy1-3 Ser	7.4%	8.6%	171,604	-6.7%	$15.7M
SCHDSchwab Strategic Tr	7.1%	7.6%	479,137	-2.2%	$15.2M
UYLDAngel Oak Funds Trust	5.2%	4.5%	218,490	+24.5%	$11.1M
AVUVAvantis US Small Cap Value ETF	4.8%	4.2%	81,666	+8.0%	$10.2M
CORPPimco ETF Tr	3.9%	3.8%	85,564	+9.6%	$8.3M
RYTInvesco S&p 500 Equal Weight Technology	3.6%	2.3%	118,157	+19.1%	$7.6M
FRDMEa Series Trust	2.9%	2.6%	85,415	-7.3%	$6.2M
SCHBSchwb US Broad	2.6%	2.8%	188,620	-13.7%	$5.5M
AAPLApple Inc	2.5%	2.4%	18,480	-1.7%	$5.3M
SCHOSchwab Short-Term U.S. Treasury ETF	2.5%	2.8%	219,598	-1.6%	$5.3M
BRK-BBerkshire Hathaway Inc Del	2.3%	2.4%	9,720	-0.4%	$4.9M
IEMGIshares	1.9%	1.9%	47,543	-10.7%	$3.9M
JCPBJ P Morgan Exchange Traded F	1.8%	1.0%	82,197	+101.2%	$3.9M
MSFTMicrosoft Corp	1.7%	1.6%	9,561	+9.3%	$3.6M
CASYCaseys Gen Stores Inc	1.7%	2.0%	4,462	-17.1%	$3.5M
AMZNAmazon Com Inc Com	1.7%	1.6%	14,777	-3.3%	$3.5M
EMBIshares Tr	1.6%	2.5%	36,074	-30.5%	$3.5M
IEFAIshares Core Msci Eafe ETF	1.5%	2.1%	32,342	-27.6%	$3.1M
GOOGLAlphabet Inc	1.4%	1.4%	8,549	-11.4%	$3.1M
DGROIshares Core Dividend Growth ETF	1.3%	1.2%	36,216	+8.5%	$2.7M
WFCWells Fargo Co New	1.3%	1.3%	33,134	+1.4%	$2.7M
IVVIshares Core S&p 500 ETF	1.2%	0.9%	3,493	+33.8%	$2.6M
JNJJohnson & Johnson	1.1%	1.2%	9,511	-1.4%	$2.4M
LMTLockheed Martin Corp Com	1.1%	1.3%	4,730	+13.7%	$2.4M
PLDPrologis Inc	1.1%	1.1%	16,598	+0.9%	$2.2M
NVDANvidia Corporation Com	1.0%	—	11,146	—	$2.2M
FCORFidelity Merrimack Str Tr	1.0%	1.0%	47,166	+18.6%	$2.2M
CARYAngel Oak Income ETF	1.0%	1.0%	104,900	+6.1%	$2.2M
ALSNAllison Transmission	1.0%	1.1%	18,440	-3.2%	$2.1M
OHIOmega Healthcare Investors Inc	0.9%	0.9%	42,085	+1.7%	$2.0M
FLTBFidelity Merrimack Str Tr	0.9%	0.9%	38,753	+8.9%	$1.9M
SYKStryker Corporation	0.9%	0.9%	5,854	+3.7%	$1.8M
PLTRPalantir Technologies Inclass Class A	0.8%	1.1%	14,968	+3.1%	$1.7M
SPTLSpdr Series Trust	0.8%	0.8%	64,330	+11.7%	$1.7M
VVisa Inc Com Cl A	0.8%	—	4,752	—	$1.6M
XOMExxon Mobil Corp	0.8%	1.4%	11,676	-27.9%	$1.6M
PHBInvesco Exch Traded Fd Tr II	0.8%	1.5%	87,277	-47.5%	$1.6M
SLBSlb Limited	0.7%	0.8%	34,138	+6.8%	$1.6M
ONEQFidelity Nasdaq Composite Index ETF	0.7%	—	13,844	—	$1.4M
SPXXNuveen S&p 500 Dynamic Overw	0.7%	0.5%	75,984	+14.1%	$1.4M
CNSCohen & Steers Inc	0.7%	0.6%	18,517	-2.4%	$1.4M
TAt&t Inc Com	0.7%	—	67,335	—	$1.4M
CVXChevron Corp New	0.6%	0.8%	7,672	+1.9%	$1.3M
PHYSSprott Asset Management LP	0.6%	0.7%	40,161	+0.0%	$1.2M
NBHCNational Bk Hldgs Corp	0.6%	0.5%	26,945	+19.0%	$1.2M
KKRKkr & Co Inc Cl A	0.6%	—	12,878	—	$1.2M
MPCMarathon Petroleum Corporation	0.6%	—	4,605	—	$1.2M
DVYiShares Select Dividend ETF Total	0.6%	0.6%	7,498	+0.4%	$1.2M
COPConocophillips	0.5%	1.1%	11,220	-33.1%	$1.2M
SCHWSchwab Charles Corp	0.5%	0.5%	12,536	+9.5%	$1.2M

What Islay Capital Management, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +16.3% /yr; S&P 500 +20.1%
3 years: +12.4% /yr; S&P 500 +20.4%
5 years: +5.9% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$212.9M	229
Q1 2026	$197.0M	203
Q4 2025	$170.1M	215
Q3 2025	$173.9M	215
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	$127.0M	219
Q3 2023	$116.2M	213

Questions about Islay Capital Management, LLC's portfolio

What stocks does Islay Capital Management, LLC own?

Islay Capital Management, LLC's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 229 positions worth $212.9M. The largest are SPDR Brcy1-3 Ser (BIL) at 7.4%, Schwab Strategic Tr (SCHD) at 7.1%, Angel Oak Funds Trust (UYLD) at 5.2%, Avantis US Small Cap Value ETF (AVUV) at 4.8% and Pimco ETF Tr (CORP) at 3.9%.

What did Islay Capital Management, LLC buy last quarter?

In Q2 2026, Islay Capital Management, LLC added J P Morgan Exchange Traded F (JCPB) (+101.2% shares), Ishares Core S&p 500 ETF (IVV) (+33.8% shares) and Angel Oak Funds Trust (UYLD) (+24.5% shares), compared with its Q1 2026 filing.

What did Islay Capital Management, LLC sell last quarter?

In Q2 2026, Islay Capital Management, LLC cut from its top 50 Cencora Inc Com (COR), cut from its top 50 Alps ETF Tr (AMLP), cut from its top 50 Sprott Asset Management LP (PSLV), cut from its top 50 Wisdomtree Tr (DEM), cut from its top 50 Ishares Trust (HYG), Invesco Exch Traded Fd Tr II (PHB) (-47.5% shares), Conocophillips (COP) (-33.1% shares) and Ishares Tr (EMB) (-30.5% shares), compared with its Q1 2026 filing.

How has Islay Capital Management, LLC's portfolio performed?

A portfolio copying Islay Capital Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +12.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +16.3% against +20.1%. Over 5 years: +5.9% a year against +11.6%.

When is Islay Capital Management, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Islay Capital Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Islay Capital Management, LLC manage?

Islay Capital Management, LLC reported $357.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $212.9M.