ICM

Islay Capital Management Portfolio holdings

AUM $148M

This Quarter Return

-0.75%

1 Year Return

+8.94%

3 Year Return

+33.5%

5 Year Return

+132.29%

10 Year Return

–

AUM

$148M

AUM Growth

+$4.1M (+3%)

Cap. Flow

+$4.08M

Cap. Flow % of AUM

2.76%

Top 10 Holdings %Top 10 Hldgs %

38.35%

Holding

223

New

Increased

Reduced

Closed

Top Buys

1	Schwab Short-Term US Treasury ETF SCHO	$3.55M
2	Occidental Petroleum OXY	$2.61M
3	SPDR Bloomberg 1-3 Month T-Bill ETF BIL	$2.5M
4	United Parcel Service UPS	$2.28M
5	Avantis US Small Cap Value ETF AVUV	$1.63M

Top Sells

1	iShares Core MSCI EAFE ETF IEFA	$2.77M
2	Schwab US Dividend Equity ETF SCHD	$1.66M
3	iShares JPMorgan USD Emerging Markets Bond ETF EMB	$1.58M
4	Comcast CMCSA	$1.45M
5	UnitedHealth UNH	$1.44M

Sector Composition

1	Consumer Discretionary	9.61%
2	Technology	8.12%
3	Financials	7.62%
4	Energy	6.79%
5	Healthcare	4.73%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Schwab US Dividend Equity ETF SCHD $71.1B	$9.99M	6.74%	357,292 -59,364	-14%	-$1.66M
2	2 Avantis US Small Cap Value ETF AVUV $17B	$6.71M	4.53%	76,993 +18,646	+32%	+$1.63M
3	3 Schwab US Broad Market ETF SCHB $35B	$6.52M	4.4%	302,673 -49,069	-14%	-$1.06M
4	4 Schwab Short-Term US Treasury ETF SCHO $10.9B	$5.98M	4.04%	245,837 +145,799	+146%	+$3.55M
5	5 Invesco S&P 500 Equal Weight Technology ETF RSPT $3.66B	$5.67M	3.83%	165,830 +23,400	+16%	+$800K
6	6 SPDR Bloomberg 1-3 Month T-Bill ETF BIL $41.8B	$4.98M	3.36%	54,290 +27,212	+100%	+$2.5M
7	7 Berkshire Hathaway Class B BRK.B $1.03T	$4.55M	3.07%	8,539 -1,031	-11%	-$549K
8	8 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP $1.33B	$4.53M	3.06%	46,768 +13,295	+40%	+$1.29M
9	9 Apple AAPL $3.2T	$4.51M	3.04%	20,303 -1,344	-6%	-$299K
10	10 Invesco Fundamental High Yield Corporate Bond ETF PHB $349M	$3.37M	2.27%	186,454 -25,091	-12%	-$453K
11	11 Angel Oak UltraShort Income ETF UYLD $1.03B	$3.23M	2.18%	63,137 +24,650	+64%	+$1.26M
12	12 Microsoft MSFT $3.76T	$3.03M	2.05%	8,082 -172	-2%	-$64.6K
13	13 Occidental Petroleum OXY $42.9B	$2.61M	1.76%	+52,929	New	+$2.61M
14	14 iShares JPMorgan USD Emerging Markets Bond ETF EMB $13.5B	$2.43M	1.64%	26,815 -17,482	-39%	-$1.58M
15	15 Freedom 100 Emerging Markets ETF FRDM $1.23B	$2.4M	1.62%	68,508 +1,555	+2%	+$54.5K
16	16 United Parcel Service UPS $85.6B	$2.28M	1.54%	+20,771	New	+$2.28M
17	17 Fidelity Limited Term Bond ETF FLTB $242M	$2.02M	1.36%	40,355 +31,483	+355%	+$1.58M
18	18 Casey's General Stores CASY $19.2B	$2M	1.35%	4,606 -1,102	-19%	-$478K
19	19 iShares Core S&P 500 ETF IVV $636B	$1.99M	1.34%	3,543 -784	-18%	-$441K
20	20 Wells Fargo WFC $265B	$1.97M	1.33%	27,395 +744	+3%	+$53.4K
21	21 Amazon AMZN $2.41T	$1.86M	1.26%	9,778 +6,318	+183%	+$1.2M
22	22 Exxon Mobil XOM $468B	$1.77M	1.19%	14,865 -104	-0.7%	-$12.4K
23	23 Texas Instruments TXN $195B	$1.71M	1.15%	9,499 +6,411	+208%	+$1.15M
24	24 Lockheed Martin LMT $96.2B	$1.61M	1.09%	3,611 -168	-4%	-$75K
25	25 Cencora COR $57.1B	$1.6M	1.08%	5,769 -2,283	-28%	-$635K