SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Summit Asset Management, LLC

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

Reported Value
$241M
Q3 2020
Positions
127
Filings on Record
30
2019–present window
Filed
Nov 6, 2020
original filing

Summary

Summit Asset Management, LLC reported $241M in U.S.-listed holdings across 127 positions for Q3 2020.

Its largest position, Schwab Strategic Tr, represents 10.7% of the portfolio.

Compared with Q2 2020, the fund opened 9 new positions and exited 2.

Portfolio Metrics

Turnover
+1.4%
vs prior filed quarter
Top-10 Concentration
+59.9%
share of reported value
Largest Position
+10.7%
Schwab Strategic Tr
New / Exited
9 / 2
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: 71.7%Common Stock: 26.6%REIT: 1.2%ADR: 0.4%Other: 0.2%
  • ETP · 71.7% · $173M
  • Common Stock · 26.6% · $64M
  • REIT · 1.2% · $3M
  • ADR · 0.4% · $863,000
  • Other · 0.2% · $443,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WECWEC ENERGY GROUP INCNEW+3.7K3.7K+$362,000$362,000
RYROYAL BK CDANEW+3.9K3.9K+$275,000$275,000
MRNAMODERNA INCNEW+3.2K3.2K+$225,000$225,000
LNCLINCOLN NATL CORP INDNEW+7.0K7.0K+$220,000$220,000
ORLYOREILLY AUTOMOTIVE INCNEW+474474+$219,000$219,000
ARK ETF TRNEW+3.3K3.3K+$209,000$209,000
VANGUARD SPECIALIZED FUNDSNEW+1.6K1.6K+$208,000$208,000
TXNTEXAS INSTRS INCNEW+1.5K1.5K+$207,000$207,000

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

Holdings — Q3 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 ETF · SHT TM US TRES39.99%$97M1.75M
2ISHARES TRCORE S&P SCP ETF · MRGSTR MD CP GRW · CORE US AGGBD ET · CORE S&P500 ETF · MRGSTR MD CP ETF7.24%$17M171.7K
3WISDOMTREE TRITL HDG QTLY DIV5.29%$13M349.3K
4SPDR DOW JONES INDL AVERAGEUT SER 14.94%$12M43.0K
5BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A4.21%$10M37.9K
6DBX ETF TRXTRACK MSCI EURP3.74%$9M329.1K
7VANGUARD INTL EQUITY INDEX FFTSE EUROPE ETF3.37%$8M154.9K
8AAPLAPPLE INChistory →COM2.12%$5M44.1K
9PGPROCTER AND GAMBLE COhistory →COM1.33%$3M23.2K
10IDXXIDEXX LABS INChistory →COM1.33%$3M8.1K
11MSFTMICROSOFT CORPhistory →COM1.17%$3M13.4K
12AMZNAMAZON COM INCCOM0.94%$2M719
13AZOAUTOZONE INCCOM0.84%$2M1.7K
14JNJJOHNSON & JOHNSONCOM0.83%$2M13.4K
15WMTWALMART INCCOM0.81%$2M14.0K
16FDXFEDEX CORPCOM0.77%$2M7.4K
17JCAPUSDJERNIGAN CAP INCCOM0.69%$2M97.1K
18VANECK VECTORS ETF TRMORNINGSTAR WIDE0.59%$1M26.0K
19PGRPROGRESSIVE CORPCOM0.58%$1M14.8K
20UNPUNION PAC CORPCOM0.55%$1M6.7K
21EXCHANGE TRADED CONCEPTS TREMQQ EM INTERN0.51%$1M23.6K
22TJXTJX COS INC NEWCOM0.51%$1M22.1K
23VVISA INCCOM CL A0.49%$1M5.9K
24TAT&T INCCOM0.44%$1M37.1K
25KOCOCA COLA COCOM0.43%$1M21.2K
26NDQINVESCO QQQ TRUNIT SER 10.39%$938,0003.4K
27PEPPEPSICO INCCOM0.38%$928,0006.7K
28EXMOCEXXON MOBIL CORPCOM0.38%$919,00026.8K
29EXPDEXPEDITORS INTL WASH INCCOM0.37%$892,0009.9K
30JDJD.COM INCSPON ADR CL A0.36%$863,00011.1K
31MID-AMER APT CMNTYS INCCOM0.35%$856,0007.4K
32SSGA ACTIVE ETF TRSPDR TR TACTIC0.35%$855,00017.3K
33BACVERIZON COMMUNICATIONS INCCOM0.35%$841,00014.1K
34PFEPFIZER INCCOM0.32%$780,00021.3K
35PIMCO ETF TRENHAN SHRT MA AC0.32%$771,0007.6K
36NEENEXTERA ENERGY INCCOM0.32%$767,0002.8K
37IBMINTERNATIONAL BUSINESS MACHSCOM0.31%$757,0006.2K
38SPDR S&P 500 ETF TRTR UNIT0.29%$693,0002.1K

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 ↗.