Summit Financial Consulting LLC
Long book
$139.7M
Q1 2026
Positions
41
Top-10 weight
82%
concentration
Last quarter
+9.7%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsSummit Financial Consulting LLC is a wealth-management firm allocating client money, running a $139.7M US long book across 41 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: ISHR IBX USD INVGD CB ETF-UI, ISHR IBX USD HIYLD CB ETF-UI, SCHWAB US LARGE-CAP ETF, ISHARES US TELECOMMUNICATION, ISHARES MSCI EMERGING MARKET.
Over the last 5 quarters its long book ran on average 1.7pp per quarter behind the S&P 500, beating the index in 1 of 5 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 2025
+6.8%
Q2 2025
+4.1%
Q3 2025
+1.7%
Q4 2025
+1.2%
Q1 2026
+9.7%
Sector allocation
Technology 41%
Consumer discretionary 20%
Utilities 16%
Financials 11%
Industrials 9%
Services media 4%
Long book by quarter
What does Summit Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 3.2K | $813K | 0.6% | -5.0% |
| MSFT MICROSOFT CORP | Technology | 2.2K | $808K | 0.6% | -1.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.1K | $512K | 0.4% | -4.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.2K | $462K | 0.3% | +6.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 435 | $433K | 0.3% | +6.1% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 9.8K | $372K | 0.3% | Held |
| DTE DTE ENERGY COMPANY | Utilities | 2.4K | $356K | 0.3% | +3.7% |
| NVDA NVIDIA CORP | Technology | 1.4K | $242K | 0.2% | New |
| TSLA TESLA INC | Industrials | 646 | $240K | 0.2% | +15.8% |
| V VISA INC-CLASS A SHARES | Services media | 662 | $200K | 0.1% | +6.8% |
| F FORD MOTOR CO | Industrials | 13.3K | $154K | 0.1% | +0.8% |