SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Summit Asset Management, LLC

CIK 0001509974 · 5100 WHEELIS DRIVE, SUITE 107, MEMPHIS, TN, 38117 · 901-729-8100

Reported Value
$220M
Q2 2020
Positions
120
Filings on Record
30
2019–present window
Filed
Aug 7, 2020
original filing

Summary

Summit Asset Management, LLC reported $220M in U.S.-listed holdings across 120 positions for Q2 2020.

Its largest position, Schwab Strategic Tr, represents 11.0% of the portfolio.

Compared with Q1 2020, the fund opened 13 new positions and exited 3.

Portfolio Metrics

Turnover
+0.5%
vs prior filed quarter
Top-10 Concentration
+61.6%
share of reported value
Largest Position
+11.0%
Schwab Strategic Tr
New / Exited
13 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $177MQ4 ’18Q1 ’19: $203MQ2 ’19: $211MQ3 ’19: $215MQ4 ’19: $234MQ4 ’19Q1 ’20: $185MQ2 ’20: $220MQ3 ’20: $241MQ4 ’20: $274MQ4 ’20Q1 ’21: $294MQ2 ’21: $318MQ3 ’21: $319MQ4 ’21: $353MQ4 ’21Q1 ’22: $348MQ2 ’22: $323MQ3 ’22: $309MQ4 ’22: $346MQ4 ’22Q1 ’23: $363MQ2 ’23: $379MQ3 ’23: $368MQ4 ’23: $418MQ4 ’23Q1 ’24: $466MQ2 ’24: $483MQ3 ’24: $532MQ4 ’24: $569MQ4 ’24Q1 ’25: $578MQ2 ’25: $614MQ3 ’25: $650MQ4 ’25: $707MQ4 ’25Q1 ’26: $719Mfilingsflow.com

Portfolio Composition

By security type
ETP: 73.1%Common Stock: 24.4%REIT: 1.1%Other: 1.1%ADR: 0.3%
  • ETP · 73.1% · $161M
  • Common Stock · 24.4% · $54M
  • REIT · 1.1% · $2M
  • Other · 1.1% · $2M
  • ADR · 0.3% · $694,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ABBVABBVIE INCNEW+3.2K3.2K+$317,000$317,000
PTONPELOTON INTERACTIVE INCNEW+4.7K4.7K+$272,000$272,000
MAMASTERCARD INCORPORATEDNEW+918918+$271,000$271,000
CACCCREDIT ACCEP CORP MICHNEW+641641+$269,000$269,000
EXCHANGE TRADED CONCEPTS TRNEW+6.0K6.0K+$260,000$260,000
PSXPHILLIPS 66NEW+3.4K3.4K+$242,000$242,000
TSLATESLA INCNEW+212212+$229,000$229,000
VANGUARD INDEX FDSNEW+1.4K1.4K+$225,000$225,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2020

38 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHWAB STRATEGIC TRUS DIVIDEND EQ · US LCAP GR ETF · US MID-CAP ETF · INTL EQTY ETF · US LCAP VA ETF · US SML CAP ETF · US LRG CAP ETF40.97%$90M1.75M
2ISHARES TRCORE S&P SCP ETF · MRGSTR MD CP GRW · CORE S&P500 ETF · CORE US AGGBD ET · MRGSTR MD CP ETF · HDG MSCI EAFE7.65%$17M190.4K
3WISDOMTREE TRITL HDG QTLY DIV5.63%$12M352.3K
4SPDR DOW JONES INDL AVERAGEUT SER 14.96%$11M42.3K
5BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A3.90%$9M38.2K
6DBX ETF TRXTRACK MSCI EURP3.79%$8M302.1K
7VANGUARD INTL EQUITY INDEX FFTSE EUROPE ETF3.16%$7M138.1K
8AAPLAPPLE INChistory →COM1.88%$4M11.3K
9PGPROCTER AND GAMBLE COhistory →COM1.29%$3M23.7K
10IDXXIDEXX LABS INChistory →COM1.22%$3M8.1K
11MSFTMICROSOFT CORPhistory →COM1.12%$2M12.0K
12AMZNAMAZON COM INCCOM0.91%$2M726
13AZOAUTOZONE INCCOM0.88%$2M1.7K
14JNJJOHNSON & JOHNSONCOM0.85%$2M13.2K
15INDEXIQ ETF TRHDGD FTSE EURO0.82%$2M98.6K
16JCAPUSDJERNIGAN CAP INCCOM0.61%$1M97.7K
17VANECK VECTORS ETF TRMORNINGSTAR WIDE0.59%$1M25.0K
18PGRPROGRESSIVE CORP OHIOCOM0.54%$1M14.8K
19EXMOCEXXON MOBIL CORPCOM0.54%$1M26.6K
20UNPUNION PAC CORPCOM0.52%$1M6.7K
21TJXTJX COS INC NEWCOM0.51%$1M22.1K
22VVISA INCCOM CL A0.51%$1M5.8K
23EXCHANGE TRADED CONCEPTS TREMQQ EM INTERN0.50%$1M23.6K
24TAT&T INCCOM0.49%$1M35.8K
25FDXFEDEX CORPCOM0.47%$1M7.4K
26WMTWALMART INCCOM0.47%$1M8.6K
27KOCOCA COLA COCOM0.43%$941,00021.1K
28SSGA ACTIVE ETF TRSPDR TR TACTIC0.39%$862,00017.4K
29PIMCO ETF TRENHAN SHRT MA AC0.38%$844,0008.3K
30PEPPEPSICO INCCOM0.38%$842,0006.4K
31MID-AMER APT CMNTYS INCCOM0.35%$767,0006.7K
32EXPDEXPEDITORS INTL WASH INCCOM0.34%$749,0009.9K
33IBMINTERNATIONAL BUSINESS MACHSCOM0.33%$726,0006.0K
34JDJD.COM INCSPON ADR CL A0.32%$694,00011.5K
35PFEPFIZER INCCOM0.31%$676,00020.7K
36BACVERIZON COMMUNICATIONS INCCOM0.30%$666,00012.1K
37NEENEXTERA ENERGY INCCOM0.30%$655,0002.7K
38GOOGALPHABET INCCAP STK CL C0.29%$645,000456

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$719M172May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$707M171Feb 9, 202613F-HRchanges · EDGAR ↗
Q3 2025$650M170Nov 6, 202513F-HRchanges · EDGAR ↗
Q2 2025$614M171Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$578M166May 6, 202513F-HRchanges · EDGAR ↗
Q4 2024$569M161Feb 4, 202513F-HRchanges · EDGAR ↗
Q3 2024$532M166Nov 6, 202413F-HRchanges · EDGAR ↗
Q2 2024$483M156Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$466M158May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$418M154Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023$368M150Nov 6, 202313F-HRchanges · EDGAR ↗
Q2 2023$379M153Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$363M152May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$346M151Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$309M149Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$323M154Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$348M158May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$353M155Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$319M148Nov 8, 202113F-HRchanges · EDGAR ↗
Q2 2021$318M145Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$294M145May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$274M134Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$241M127Nov 6, 202013F-HRchanges · EDGAR ↗
Q2 2020$220M120Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$185M110May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$234M123Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$215M115Nov 6, 201913F-HRchanges · EDGAR ↗
Q2 2019$211M110Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$203M111May 7, 201913F-HRchanges · EDGAR ↗
Q4 2018$177M103Feb 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.