Summit Financial, LLC
Long book
$7.85B
Q1 2026
Positions
1397
Top-10 weight
23%
concentration
Last quarter
+11.1%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsSummit Financial, LLC is a wealth-management firm allocating client money, running a $7.85B US long book across 1397 positions.
The portfolio is broadly diversified across 1397 positions (top 10 only 23%). Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOTAL STOCK MKT ETF, VANGUARD FTSE ALL-WORLD EX-U, APPLE INC, ISHARES CORE S&P 500 ETF, VANGUARD GROWTH ETF.
Over the last 9 quarters its long book ran on average 0.5pp 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
+2.9%
Q2 2024
+6.2%
Q3 2024
+0.4%
Q4 2024
-1.7%
Q1 2025
+8.9%
Q2 2025
+7.5%
Q3 2025
+2.0%
Q4 2025
-1.8%
Q1 2026
+11.1%
Sector allocation
Technology 33%
Financials 16%
Industrials 10%
Consumer discretionary 9%
Healthcare 8%
Materials 5%
Energy 4%
Utilities 4%
Long book by quarter
What does Summit Financial, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 660.0K | $167.5M | 2.1% | +24.1% |
| NVDA NVIDIA CORP | Technology | 689.9K | $120.3M | 1.5% | +8.9% |
| MSFT MICROSOFT CORP | Technology | 237.1K | $87.8M | 1.1% | +7.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 407.9K | $85.0M | 1.1% | +15.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 166.5K | $79.8M | 1.0% | +3.6% |
| JPM JPMORGAN CHASE & CO | Financials | 196.2K | $57.7M | 0.7% | +4.2% |
| GOOG ALPHABET INC-CL C | Technology | 185.7K | $53.3M | 0.7% | +70.2% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 330.3K | $48.3M | 0.6% | -5.4% |
| META META PLATFORMS INC-CLASS A | Technology | 80.7K | $46.2M | 0.6% | +42.1% |
| AVGO BROADCOM INC | Technology | 141.1K | $43.7M | 0.6% | +42.9% |
| TSLA TESLA INC | Industrials | 99.6K | $37.0M | 0.5% | -1.0% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 241.4K | $31.7M | 0.4% | -21.6% |
| GS GOLDMAN SACHS GROUP INC | Financials | 37.2K | $31.4M | 0.4% | +26.8% |
| WMT WALMART INC | Consumer discretionary | 242.8K | $30.2M | 0.4% | -6.4% |
| XOM EXXON MOBIL CORP | Energy | 175.9K | $29.8M | 0.4% | +3.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 118.8K | $29.0M | 0.4% | +17.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 26.2K | $26.1M | 0.3% | +42.3% |
| CAT CATERPILLAR INC | Industrials | 36.9K | $26.1M | 0.3% | +185.0% |
| LLY ELI LILLY & CO | Healthcare | 28.3K | $26.1M | 0.3% | +85.7% |
| NFLX NETFLIX INC | Services media | 227.1K | $21.8M | 0.3% | +13.9% |
| V VISA INC-CLASS A SHARES | Services media | 66.6K | $20.1M | 0.3% | +42.5% |
| ABBV ABBVIE INC | Healthcare | 89.0K | $19.4M | 0.2% | +30.6% |
| UUUU ENERGY FUELS INC | Materials | 1.0M | $18.8M | 0.2% | +0.8% |
| AMAT APPLIED MATERIALS INC | Technology | 54.3K | $18.6M | 0.2% | +259.8% |
| MRK MERCK & CO. INC. | Healthcare | 148.4K | $18.0M | 0.2% | +7.8% |
| CVX CHEVRON CORP | Energy | 69.9K | $14.5M | 0.2% | +31.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 1397 | $7.85B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 1283 | $6.81B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 1238 | $6.55B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 809 | $4.42B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 706 | $3.57B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 662 | $2.85B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 556 | $21.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 487 | $2.19B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 24, 2024 | 381 | $1.69B | canonical | SEC ↗ |