Skylands Capital, LLC

Milwaukee, WI · CIK 1299910 · 13F filing filed 2026-07-24

SEC-registered investment adviser since 2010 · limited liability company

Assets managed$746.5m
Staff9 · 4 in investment roles
Main clients (by assets)Private funds 94%, High net worth individuals 5%, Pension plans 2%
Private funds4 (4 hedge) · $652.6m gross assets
Websiteskylandscapital.com
Form ADV · 2026-05-11SEC adviser record

$813.9m reported value +6.7% vs Q1 2026

166positions

36.5%in top 10

21 new 46 added 70 reduced 10 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	UNION PAC CORP COM UNP	UNP	204,970	$55.8m6.85%	6.85%	Reduced -12.3k	-12,285 -5.7%
2	ALPHABET INC CAP STK CL A GOOGL	GOOGL	126,475	$45.2m5.55%	5.55%	Reduced -19.9k	-19,885 -13.6%
3	DIEBOLD NIXDORF INC COM SHS DBD	DBD	469,185	$39.9m4.90%	4.90%	Added +10.1k	+10,085 2.2%
4	GENERAL MTRS CO COM GM	GM	427,035	$32.9m4.04%	4.04%	Reduced -100	-100 -0.0%
5	APPLE INC COM AAPL	AAPL	91,740	$26.5m3.26%	3.26%	Reduced -5.1k	-5,055 -5.2%
6	CROWN CASTLE INC COM CCI	CCI	279,035	$21.1m2.60%	2.60%	Reduced -7.6k	-7,600 -2.6%
7	OSHKOSH CORP COM OSK	OSK	133,579	$20.5m2.52%	2.52%	Reduced -800	-800 -0.6%
8	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	108,880	$19.2m2.36%	2.36%	Reduced -4.9k	-4,870 -4.3%
9	OWENS CORNING NEW COM OC	OC	114,440	$18.2m2.23%	2.23%	Reduced -16.3k	-16,305 -12.5%
10	CORE NATURAL RESOURCES INC COM SHS CNR	CNR	226,302	$18.1m2.22%	2.22%	Added +12.7k	+12,725 6.0%
11	NORFOLK SOUTHN CORP COM NSC	NSC	55,080	$17.3m2.13%	2.13%	Reduced -210	-210 -0.4%
12	CITIGROUP INC COM NEW C	C	120,565	$16.9m2.07%	2.07%	Reduced -6.7k	-6,735 -5.3%
13	MOLSON COORS BEVERAGE CO CL B TAP	TAP	393,750	$15.3m1.88%	1.88%	Added +51.0k	+50,950 14.9%
14	VISA INC COM CL A V	V	37,735	$12.9m1.59%	1.59%	Added +850	+850 2.3%
15	SCHWAB CHARLES CORP COM SCHW	SCHW	139,835	$12.9m1.59%	1.59%	Added +40.2k	+40,185 40.3%
16	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	194,040	$12.4m1.53%	1.53%	Added +33.0k	+32,950 20.4%
17	WABTEC COM WAB	WAB	42,525	$11.5m1.41%	1.41%	Reduced -1.1k	-1,120 -2.6%
18	SILICON MOTION TECHNOLOGY CO SPONSORED ADR SIMO	SIMO	34,214	$11.4m1.40%	1.40%	Reduced -15.0k	-14,955 -30.4%
19	ADEIA INC COM ADEA	ADEA	334,950	$11.0m1.36%	1.36%	Reduced -71.0k	-71,000 -17.5%
20	ENERSYS COM ENS	ENS	44,365	$10.4m1.27%	1.27%	Reduced -6.8k	-6,835 -13.3%
21	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	165,275	$10.3m1.26%	1.26%	Added +26.8k	+26,800 19.4%
22	ADOBE INC COM ADBE	ADBE	49,085	$10.1m1.24%	1.24%	Added +24.0k	+23,990 95.6%
23	AMERICAN TOWER CORP NEW COM AMT	AMT	61,491	$10.1m1.24%	1.24%	Added +2.8k	+2,781 4.7%
24	T-MOBILE US INC COM TMUS	TMUS	59,350	$10.0m1.22%	1.22%	Added +18.2k	+18,250 44.4%
25	QUIDELORTHO CORP COM QDEL	QDEL	560,414	$9.8m1.21%	1.21%	Added +218.9k	+218,860 64.1%
26	BARRICK MNG CORP COM SHS B	B	261,175	$9.6m1.18%	1.18%	Reduced -1.0k	-1,000 -0.4%
27	CHURCHILL DOWNS INC COM CHDN	CHDN	103,250	$9.3m1.14%	1.14%	Added +29.9k	+29,850 40.7%
28	SPDR GOLD TR GOLD SHS GLD	GLD	24,590	$9.1m1.11%	1.11%	Reduced -150	-150 -0.6%
29	WILLIAMS COS INC COM WMB	WMB	118,425	$8.8m1.08%	1.08%	Reduced -8.7k	-8,700 -6.8%
30	CSX CORP COM CSX	CSX	183,875	$8.7m1.07%	1.07%	Reduced -61.4k	-61,425 -25.0%
31	COHERENT CORP COM COHR	COHR	21,780	$8.6m1.06%	1.06%	Reduced -32.6k	-32,557 -59.9%
32	EAGLE MATLS INC COM EXP	EXP	37,300	$8.4m1.03%	1.03%	Reduced -10	-10 -0.0%
33	GRAND CANYON ED INC COM LOPE	LOPE	57,565	$8.2m1.01%	1.01%	Added +11.2k	+11,150 24.0%
34	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	138,725	$8.0m0.98%	0.98%	Reduced -2.7k	-2,675 -1.9%
35	JOINT CORP COM JYNT	JYNT	895,572	$7.9m0.97%	0.97%	Added +2.4k	+2,377 0.3%
36	JPMORGAN CHASE & CO COM JPM	JPM	23,785	$7.8m0.96%	0.96%	Reduced -1.6k	-1,600 -6.3%
37	MITEK SYS INC COM NEW MITK	MITK	375,300	$7.6m0.93%	0.93%	Reduced -18.1k	-18,100 -4.6%
38	GENERAC HLDGS INC COM GNRC	GNRC	24,465	$7.2m0.88%	0.88%	Reduced -3.1k	-3,075 -11.2%
39	SPDR SER TR S&P OILGAS EXP XOP	XOP	43,885	$6.8m0.83%	0.83%	Reduced -1.7k	-1,700 -3.7%
40	ON SEMICONDUCTOR CORP COM ON	ON	68,620	$6.5m0.80%	0.80%	Reduced -4.8k	-4,800 -6.5%
41	LKQ CORP COM LKQ	LKQ	240,450	$6.3m0.78%	0.78%	Added +42.9k	+42,850 21.7%
42	RTX CORPORATION COM RTX	RTX	32,135	$6.1m0.75%	0.75%	Unchanged
43	MP MATERIALS CORP COM CL A MP	MP	104,495	$5.9m0.72%	0.72%	Added +100	+100 0.1%
44	UNITED PARCEL SERVICE INC CL B UPS	UPS	53,375	$5.7m0.70%	0.70%	Added +1.4k	+1,425 2.7%
45	META PLATFORMS INC CL A META	META	9,865	$5.6m0.68%	0.68%	Added +1.2k	+1,175 13.5%
46	WARRIOR MET COAL INC COM HCC	HCC	66,500	$5.4m0.66%	0.66%	Added +43.6k	+43,600 190.4%
47	LOVESAC COMPANY COM LOVE	LOVE	314,647	$5.3m0.65%	0.65%	Reduced -18.3k	-18,300 -5.5%
48	ELANCO ANIMAL HEALTH INC COM ELAN	ELAN	209,225	$5.1m0.63%	0.63%	Unchanged
49	HILLMAN SOLUTIONS CORP COM HLMN	HLMN	575,800	$4.9m0.60%	0.60%	Added +37.2k	+37,200 6.9%
50	BEST BUY INC COM BBY	BBY	63,000	$4.8m0.59%	0.59%	Added +1.1k	+1,050 1.7%
51	KIRBY CORP COM KEX	KEX	35,010	$4.8m0.58%	0.58%	Reduced -10.9k	-10,920 -23.8%
52	MICROSOFT CORP COM MSFT	MSFT	12,350	$4.6m0.57%	0.57%	Added +1.2k	+1,195 10.7%
53	LINCOLN ELEC HLDGS INC COM LECO	LECO	15,070	$4.0m0.49%	0.49%	Unchanged
54	PERDOCEO ED CORP COM PRDO	PRDO	121,700	$3.9m0.48%	0.48%	Added +40.2k	+40,200 49.3%
55	VONTIER CORPORATION COM VNT	VNT	132,600	$3.8m0.47%	0.47%	Added +73.5k	+73,450 124.2%
56	CAMPBELL SOUP CO COM CPB	CPB	172,300	$3.8m0.47%	0.47%	Added +92.8k	+92,850 116.9%
57	MINERALS TECHNOLOGIES INC COM MTX	MTX	51,779	$3.8m0.47%	0.47%	Reduced -13.5k	-13,526 -20.7%
58	AGNICO EAGLE MINES LTD COM AEM	AEM	24,050	$3.7m0.46%	0.46%	Reduced -205	-205 -0.8%
59	HAEMONETICS CORP MASS COM HAE	HAE	47,625	$3.6m0.44%	0.44%	Reduced -18.2k	-18,200 -27.6%
60	NEWMONT CORP COM NEM	NEM	38,140	$3.6m0.44%	0.44%	Reduced -485	-485 -1.3%
61	WILLSCOT HLDGS CORP COM CL A WSC	WSC	122,550	$3.5m0.43%	0.43%	Reduced -52.9k	-52,900 -30.1%
62	GRAPHIC PACKAGING HLDG CO COM GPK	GPK	328,400	$3.5m0.43%	0.43%	Reduced -10.5k	-10,502 -3.1%
63	ALPHABET INC CAP STK CL C GOOG	GOOG	9,500	$3.4m0.41%	0.41%	Unchanged
64	MARTIN MARIETTA MATLS INC COM MLM	MLM	5,805	$3.3m0.41%	0.41%	Reduced -5	-5 -0.1%
65	S&P GLOBAL INC COM SPGI	SPGI	8,085	$3.3m0.40%	0.40%	Added +1.1k	+1,082 15.4%
66	SELECT SECTOR SPDR TR ENERGY XLE	XLE	61,650	$3.3m0.40%	0.40%	Reduced -2.4k	-2,400 -3.8%
67	SCHLUMBERGER LTD COM STK SLB	SLB	70,100	$3.3m0.40%	0.40%	Reduced -4.8k	-4,800 -6.4%
68	ARISTA NETWORKS INC COM SHS ANET	ANET	19,100	$3.2m0.40%	0.40%	New
69	AMAZON COM INC COM AMZN	AMZN	13,585	$3.2m0.40%	0.40%	Reduced -5.2k	-5,200 -27.7%
70	BANK AMERICA CORP COM BAC	BAC	55,280	$3.1m0.39%	0.39%	Reduced -3.1k	-3,120 -5.3%
71	METALLUS INC COM MTUS	MTUS	158,800	$3.0m0.36%	0.36%	Reduced -61.7k	-61,700 -28.0%
72	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	50,965	$2.9m0.36%	0.36%	Reduced -34.4k	-34,400 -40.3%
73	HALLIBURTON CO COM HAL	HAL	82,100	$2.8m0.34%	0.34%	Reduced -10.0k	-10,000 -10.9%
74	HOLLEY INC COM HLLY	HLLY	1,069,829	$2.7m0.34%	0.34%	Added +76.0k	+75,979 7.6%
75	PHOTRONICS INC COM PLAB	PLAB	81,510	$2.7m0.33%	0.33%	Reduced -540	-540 -0.7%
76	ALIGN TECHNOLOGY INC COM ALGN	ALGN	15,550	$2.6m0.32%	0.32%	Added +250	+250 1.6%
77	NPK INTERNATIONAL INC COM SHS NPKI	NPKI	164,300	$2.6m0.32%	0.32%	Unchanged
78	DNOW INC COM DNOW	DNOW	176,700	$2.3m0.28%	0.28%	Added +85.0k	+85,050 92.8%
79	DIVERSIFIED ENERGY CO COMMON STOCK DEC	DEC	155,500	$2.2m0.26%	0.26%	Added +124.0k	+123,950 392.9%
80	ELMET GROUP CO (THE) COMMON STOCK ELMT	ELMT	108,217	$2.1m0.26%	0.26%	New
81	BIO RAD LABS INC CL A BIO	BIO	7,225	$2.1m0.26%	0.26%	Added +1.6k	+1,575 27.9%
82	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	4,025	$2.0m0.25%	0.25%	Added +200	+200 5.2%
83	SILGAN HLDGS INC COM SLGN	SLGN	41,250	$1.9m0.24%	0.24%	Reduced -2.0k	-2,050 -4.7%
84	FISERV INC COM FISV	FISV	38,950	$1.9m0.23%	0.23%	Added +37.4k	+37,350 2334.4%
85	DENTSPLY SIRONA INC COM XRAY	XRAY	176,850	$1.9m0.23%	0.23%	Added +40.1k	+40,150 29.4%
86	ASTRONICS CORP COM ATRO	ATRO	21,600	$1.8m0.22%	0.22%	Reduced -7.2k	-7,200 -25.0%
87	PROGRESSIVE CORP COM PGR	PGR	7,625	$1.7m0.20%	0.20%	Reduced -2.8k	-2,800 -26.9%
88	DOMINOS PIZZA INC COM DPZ	DPZ	5,500	$1.6m0.20%	0.20%	New
89	FIRST TR EXCHANGE-TRADED FD NAT GAS ETF FCG	FCG	60,050	$1.6m0.20%	0.20%	Unchanged
90	AUDIOEYE INC COM NEW AEYE	AEYE	268,750	$1.6m0.19%	0.19%	Added +45.9k	+45,900 20.6%
91	LANCASTER COLONY CORP COM MZTI	MZTI	13,475	$1.5m0.19%	0.19%	Added +9.4k	+9,375 228.7%
92	GIBRALTAR INDS INC COM ROCK	ROCK	33,350	$1.5m0.18%	0.18%	New
93	COSTAR GROUP INC COM CSGP	CSGP	52,150	$1.5m0.18%	0.18%	Added +20.1k	+20,100 62.7%
94	ZETA GLOBAL HOLDINGS CORP CL A ZETA	ZETA	71,200	$1.4m0.17%	0.17%	Reduced -7.8k	-7,750 -9.8%
95	WESCO INTL INC COM WCC	WCC	4,015	$1.4m0.17%	0.17%	Reduced -1.6k	-1,600 -28.5%
96	COGENT COMMUNICATIONS HLDGS COM NEW CCOI	CCOI	98,425	$1.4m0.17%	0.17%	Added +29.8k	+29,775 43.4%
97	FMC CORP COM NEW FMC	FMC	118,400	$1.4m0.17%	0.17%	Reduced -42.2k	-42,225 -26.3%
98	TIMKEN CO COM TKR	TKR	9,050	$1.3m0.16%	0.16%	Reduced -8.6k	-8,550 -48.6%
99	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	14,711	$1.3m0.16%	0.16%	Added +1.8k	+1,780 13.8%
100	BRUNSWICK CORP COM BC	BC	14,650	$1.2m0.15%	0.15%	Reduced -3.8k	-3,750 -20.4%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ICON PLC ICLR	ICLR	19,300	$2.1m19.3k shares
ARCHER DANIELS MIDLAND CO ADM	ADM	15,000	$1.1m15.0k shares
SANFILIPPO JOHN B & SON INC JBSS	JBSS	13,500	$1.1m13.5k shares
WATERS CORP WAT	WAT	1,250	$372.2k1.2k shares
SALESFORCE INC CRM	CRM	1,000	$186.7k1.0k shares
CENTRAL GARDEN & PET CO CENTA	CENTA	4,400	$142.6k4.4k shares
ISHARES SILVER TR SLV	SLV	2,000	$136.3k2.0k shares
CAESARS ENTERTAINMENT INC NE CZR	CZR	4,000	$105.7k4.0k shares
MICRON TECHNOLOGY INC MU	MU	300	$101.4k300 shares
COINBASE GLOBAL INC COIN	COIN	400	$69.8k400 shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
JOINT CORP JYNT · 13G · filed 2026-01-08	JYNT	6.0%≈ $7.8m	+0.9 pts	13G	2026-01-08