Summit Trail Advisors, LLC
Long book
$6.98B
Q1 2026
Positions
1441
Top-10 weight
34%
concentration
Last quarter
+13.0%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsSummit Trail Advisors, LLC is an institutional manager, running a $6.98B US long book across 1441 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD S&P 500 ETF, WISDOMTREE FLOATING RATE TRE, BROADCOM INC, APPLE INC, VANGUARD FTSE DEVELOPED ETF.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.8%
Q2 2024
+4.6%
Q3 2024
+2.3%
Q4 2024
-2.4%
Q1 2025
+8.6%
Q2 2025
+6.5%
Q3 2025
+2.0%
Q4 2025
-3.1%
Q1 2026
+13.0%
Sector allocation
Technology 38%
Financials 12%
Industrials 12%
Consumer discretionary 11%
Services media 7%
Healthcare 6%
Other 4%
Utilities 3%
Long book by quarter
What does Summit Trail own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AVGO BROADCOM INC | Technology | 758.9K | $234.9M | 3.4% | +4.3% |
| AAPL APPLE INC | Technology | 713.5K | $181.1M | 2.6% | +22.5% |
| OLLI OLLIE'S BARGAIN OUTLET HOLDI | Consumer discretionary | 1.6M | $147.5M | 2.1% | +6174.6% |
| NVDA NVIDIA CORP | Technology | 835.0K | $145.6M | 2.1% | +42.2% |
| GOOGL ALPHABET INC-CL A | Technology | 465.0K | $133.7M | 1.9% | +84.3% |
| GOOG ALPHABET INC-CL C | Technology | 400.9K | $115.0M | 1.6% | +50.0% |
| MSFT MICROSOFT CORP | Technology | 290.9K | $107.7M | 1.5% | +17.8% |
| DLO DLOCAL LTD | Services media | 7.7M | $99.6M | 1.4% | +716.2% |
| APH AMPHENOL CORP-CL A | Technology | 718.2K | $90.8M | 1.3% | +9.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 371.7K | $77.4M | 1.1% | +31.5% |
| META META PLATFORMS INC-CLASS A | Technology | 117.2K | $67.0M | 1.0% | +39.4% |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 485.7K | $59.2M | 0.8% | +4711.9% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 361.0K | $52.8M | 0.8% | +28.1% |
| JPM JPMORGAN CHASE & CO | Financials | 140.2K | $41.2M | 0.6% | +25.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 83.8K | $40.1M | 0.6% | +14.7% |
| TSLA TESLA INC | Industrials | 100.3K | $37.3M | 0.5% | +40.3% |
| CAT CATERPILLAR INC | Industrials | 41.2K | $29.2M | 0.4% | -0.4% |
| AON AON PLC-CLASS A | Financials | 90.2K | $29.1M | 0.4% | +4.9% |
| LLY ELI LILLY & CO | Healthcare | 28.4K | $26.1M | 0.4% | +38.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 102.8K | $25.1M | 0.4% | +25.1% |
| SGU STAR GROUP LP | Consumer discretionary | 2.0M | $24.8M | 0.4% | New |
| XOM EXXON MOBIL CORP | Energy | 144.8K | $24.6M | 0.4% | +19.4% |
| ERIE ERIE INDEMNITY COMPANY-CL A | Financials | 92.4K | $23.2M | 0.3% | -10.9% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 210.3K | $19.8M | 0.3% | +15.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 19.7K | $19.6M | 0.3% | +25.0% |
| WMT WALMART INC | Consumer discretionary | 156.1K | $19.4M | 0.3% | +23.4% |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 171.7K | $19.1M | 0.3% | +2.0% |
| ANET ARISTA NETWORKS INC | Technology | 151.6K | $18.6M | 0.3% | +96.8% |
| CVX CHEVRON CORP | Energy | 84.5K | $17.5M | 0.3% | +18.7% |
| GS GOLDMAN SACHS GROUP INC | Financials | 20.5K | $17.4M | 0.2% | +19.9% |
| OKTA OKTA INC | Technology | 219.4K | $17.3M | 0.2% | -16.0% |
| V VISA INC-CLASS A SHARES | Services media | 51.8K | $15.7M | 0.2% | +33.8% |
| MU MICRON TECHNOLOGY INC | Technology | 45.6K | $15.4M | 0.2% | +16.9% |
| RTX RTX CORP | Industrials | 77.7K | $15.0M | 0.2% | +21.1% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 37.1K | $14.5M | 0.2% | +15.6% |
| ABBV ABBVIE INC | Healthcare | 64.6K | $14.0M | 0.2% | +33.3% |
| LMT LOCKHEED MARTIN CORP | Industrials | 21.2K | $12.8M | 0.2% | +6.3% |
| WDC WESTERN DIGITAL CORP | Technology | 47.0K | $12.7M | 0.2% | +7.6% |
| BAC BANK OF AMERICA CORP | Financials | 254.0K | $12.4M | 0.2% | +20.6% |
| CSCO CISCO SYSTEMS INC | Technology | 158.7K | $12.3M | 0.2% | +25.7% |
| MA MASTERCARD INC - A | Services media | 24.6K | $12.3M | 0.2% | +0.7% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 74.0K | $12.2M | 0.2% | +7.5% |
| HD HOME DEPOT INC | Consumer discretionary | 37.1K | $12.2M | 0.2% | +22.1% |
| HIMS HIMS & HERS HEALTH INC | Healthcare | 581.2K | $12.1M | 0.2% | -1.6% |
| DDOG DATADOG INC - CLASS A | Technology | 101.8K | $12.0M | 0.2% | +1.9% |
| NFLX NETFLIX INC | Services media | 122.7K | $11.8M | 0.2% | +25.6% |
| LRCX LAM RESEARCH CORP | Industrials | 52.6K | $11.2M | 0.2% | +23.7% |
| UBER UBER TECHNOLOGIES INC | Services media | 147.7K | $10.6M | 0.2% | -1.4% |
| GE GENERAL ELECTRIC | Industrials | 37.2K | $10.6M | 0.2% | +25.9% |
| AMD ADVANCED MICRO DEVICES | Technology | 51.6K | $10.5M | 0.2% | +31.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 1441 | $6.98B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 1303 | $5.78B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 1344 | $7.24B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 1116 | $5.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 423 | $3.03B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 390 | $2.71B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 719 | $4.03B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 617 | $3.80B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 613 | $3.76B | canonical | SEC ↗ |
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