Summit Asset Management, LLC
Long book
$718.8M
Q1 2026
Positions
172
Top-10 weight
51%
concentration
Last quarter
+8.8%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsSummit Asset Management, LLC is a wealth-management firm allocating client money, running a $718.8M US long book across 172 positions.
The portfolio is concentrated: the top 10 names carry 51% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SCHWAB US DVD EQUITY ETF, SCHWAB US LARGE-CAP GROWTH, SCHWAB INTL EQUITY ETF, SCHWAB US MID CAP ETF, SCHWAB US LARGE-CAP VALUE.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.4%
Q2 2024
+7.0%
Q3 2024
-1.0%
Q4 2024
+0.1%
Q1 2025
+5.5%
Q2 2025
+5.5%
Q3 2025
+2.5%
Q4 2025
-0.0%
Q1 2026
+8.8%
Sector allocation
Technology 23%
Financials 21%
Consumer discretionary 19%
Industrials 14%
Healthcare 5%
Energy 4%
Other 3%
Materials 3%
Long book by quarter
What does Summit Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 37.6K | $18.0M | 2.5% | -0.1% |
| AAPL APPLE INC | Technology | 43.8K | $11.1M | 1.5% | +2.7% |
| NVDA NVIDIA CORP | Technology | 60.1K | $10.5M | 1.5% | +0.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 41.7K | $8.7M | 1.2% | +14.1% |
| MSFT MICROSOFT CORP | Technology | 20.3K | $7.5M | 1.0% | +11.0% |
| AZO AUTOZONE INC | Consumer discretionary | 2.0K | $6.9M | 1.0% | +0.7% |
| WMT WALMART INC | Consumer discretionary | 48.6K | $6.0M | 0.8% | +1.9% |
| IDXX IDEXX LABORATORIES INC | Materials | 7.7K | $4.3M | 0.6% | Held |
| XOM EXXON MOBIL CORP | Energy | 24.1K | $4.1M | 0.6% | -0.8% |
| RTX RTX CORP | Industrials | 19.1K | $3.7M | 0.5% | -0.3% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 5 | $3.6M | 0.5% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 11.6K | $3.4M | 0.5% | -0.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 13.1K | $3.2M | 0.4% | -5.0% |
| PG PROCTER & GAMBLE CO/THE | Other | 19.8K | $2.9M | 0.4% | +5.5% |
| GOOG ALPHABET INC-CL C | Technology | 9.9K | $2.8M | 0.4% | -1.3% |
| FDX FEDEX CORP | Industrials | 7.9K | $2.8M | 0.4% | +0.6% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 20.5K | $2.7M | 0.4% | -2.6% |
| HD HOME DEPOT INC | Consumer discretionary | 8.0K | $2.6M | 0.4% | +3.2% |
| BAC BANK OF AMERICA CORP | Financials | 48.7K | $2.4M | 0.3% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 17.9K | $2.4M | 0.3% | -0.2% |
| DE DEERE & CO | Industrials | 4.1K | $2.3M | 0.3% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 14.1K | $2.3M | 0.3% | -1.9% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 9.6K | $2.2M | 0.3% | Held |
| ROK ROCKWELL AUTOMATION INC | Other | 5.7K | $2.1M | 0.3% | Held |
| V VISA INC-CLASS A SHARES | Services media | 5.4K | $1.6M | 0.2% | +1.9% |
| KO COCA-COLA CO/THE | Consumer staples | 21.0K | $1.6M | 0.2% | -0.3% |
| UNP UNION PACIFIC CORP | Industrials | 6.4K | $1.6M | 0.2% | -2.1% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 5.3K | $1.3M | 0.2% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 4.4K | $1.3M | 0.2% | +33.4% |
| LLY ELI LILLY & CO | Healthcare | 1.4K | $1.3M | 0.2% | -0.1% |
| NEE NEXTERA ENERGY INC | Utilities | 13.7K | $1.3M | 0.2% | 0.0% |
| T AT&T INC | Communications | 42.8K | $1.2M | 0.2% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.2K | $1.2M | 0.2% | +9.1% |
| PGR PROGRESSIVE CORP | Financials | 5.9K | $1.2M | 0.2% | +1.6% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 11.9K | $1.1M | 0.2% | -0.1% |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 7.7K | $1.1M | 0.2% | -3.5% |
| CVX CHEVRON CORP | Energy | 5.3K | $1.1M | 0.2% | +7.2% |
| PEP PEPSICO INC | Consumer staples | 7.1K | $1.1M | 0.2% | +1.7% |
| ABBV ABBVIE INC | Healthcare | 4.9K | $1.1M | 0.1% | 0.0% |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 20.5K | $929K | 0.1% | Held |
| GL GLOBE LIFE INC | Financials | 5.7K | $789K | 0.1% | 0.0% |
| MRK MERCK & CO. INC. | Healthcare | 6.4K | $775K | 0.1% | Held |
| FAST FASTENAL CO | Consumer discretionary | 15.4K | $715K | 0.1% | -1.1% |
| SO SOUTHERN CO/THE | Utilities | 7.2K | $699K | 0.1% | +2.3% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 7.0K | $647K | 0.1% | -5.8% |
| MA MASTERCARD INC - A | Services media | 1.3K | $638K | 0.1% | Held |
| RY ROYAL BANK OF CANADA | Financials | 3.9K | $626K | 0.1% | Held |
| WFC WELLS FARGO & CO | Financials | 7.7K | $613K | 0.1% | -0.8% |
| PNFP PINNACLE FINANCIAL PARTNERS | Financials | 6.9K | $594K | 0.1% | New |
| VZ VERIZON COMMUNICATIONS INC | Communications | 11.0K | $554K | 0.1% | -13.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 172 | $718.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 171 | $706.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 170 | $650.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 171 | $613.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 166 | $577.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 161 | $569.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 166 | $532.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 156 | $483.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 158 | $466.1M | canonical | SEC ↗ |