SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Summit Asset Management, LLC

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

Reported Value
$363M
Q1 2023
Positions
152
Filings on Record
30
2019–present window
Filed
May 12, 2023
original filing

Summary

Summit Asset Management, LLC reported $363M in U.S.-listed holdings across 152 positions for Q1 2023.

Its largest position, Schwab Strategic Tr, represents 10.9% of the portfolio.

Compared with Q4 2022, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+1.7%
vs prior filed quarter
Top-10 Concentration
+55.3%
share of reported value
Largest Position
+10.9%
Schwab Strategic Tr
New / Exited
3 / 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: 71.2%Common Stock: 24.1%Other: 4.1%REIT: 0.4%MLP: 0.1%Other: 0.1%
  • ETP · 71.2% · $259M
  • Common Stock · 24.1% · $88M
  • Other · 4.1% · $15M
  • REIT · 0.4% · $2M
  • MLP · 0.1% · $467,774
  • Other · 0.1% · $243,107

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QCOMQUALCOMM INCNEW+1.8K1.8K+$229,261$229,261
AXPAMERICAN EXPRESS CONEW+1.3K1.3K+$216,909$216,909
CNH INDL N VNEW+10.5K10.5K+$160,335$160,335
WABWABTECSOLD OUT−2.3K0−$232,164$0
CICIGNA CORP NEWSOLD OUT−6940−$229,950$0
VANGUARD ADMIRAL FDS INCADDED+3.8K7.5K+$11,639$714,888
XLFSELECT SECTOR SPDR TRTRIMMED−3.0K7.7K−$119,355$246,674
SSGA ACTIVE ETF TRTRIMMED−13.4K41.5K−$496,981$2M

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

Holdings — Q1 2023

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHYSCHWAB STRATEGIC TRUS DIVIDEND EQ · US MID-CAP ETF · INTL EQTY ETF · US LCAP GR ETF · US LCAP VA ETF · INTERNL DIVID · US SML CAP ETF38.62%$140M2.81M
2IBDQISHARES TRCORE S&P SCP ETF · IBONDS DEC23 ETF · IBONDS DEC25 ETF · IBONDS DEC24 ETF · MRGSTR MD CP GRW · CORE US AGGBD ET · CORE S&P500 ETF · MSCI EAFE ETF16.63%$60M1.79M
3VANECK ETF TRUSTMRNGSTR WDE MOAT5.56%$20M273.8K
4WISDOMTREE TRITL HDG QTLY DIV4.02%$15M370.9K
5BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A3.90%$14M36.0K
6AAPLAPPLE INChistory →COM2.02%$7M44.5K
7SPDR DOW JONES INDL AVERAGEUT SER 11.48%$5M16.2K
8VANGUARD INTL EQUITY INDEX FFTSE EUROPE ETF1.39%$5M82.7K
9MSFTMICROSOFT CORPhistory →COM1.17%$4M14.8K
10AZOAUTOZONE INChistory →COM1.13%$4M1.7K
11IDXXIDEXX LABS INChistory →COM1.09%$4M7.9K
12PGPROCTER AND GAMBLE COCOM0.94%$3M23.0K
13EXMOCEXXON MOBIL CORPCOM0.74%$3M24.7K
14WMTWALMART INCCOM0.70%$3M17.3K
15JNJJOHNSON & JOHNSONCOM0.63%$2M14.7K
16PGRPROGRESSIVE CORPCOM0.62%$2M15.8K
17DBX ETF TRXTRACK MSCI EURP0.59%$2M58.5K
18AMZNAMAZON COM INCCOM0.51%$2M17.9K
19NVDANVIDIA CORPORATIONCOM0.50%$2M6.6K
20T ROWE PRICE ETF INCPRICE BLUE CHIP0.48%$2M72.8K
21TJXTJX COS INC NEWCOM0.48%$2M22.1K
22FDXFEDEX CORPCOM0.47%$2M7.5K
23SSGA ACTIVE ETF TRSPDR TR TACTIC0.47%$2M41.5K
24UNPUNION PAC CORPCOM0.42%$2M7.6K
25KOCOCA COLA COCOM0.37%$1M21.6K
26PEPPEPSICO INCCOM0.35%$1M7.0K
27VVISA INCCOM CL A0.35%$1M5.6K
28NDQINVESCO QQQ TRUNIT SER 10.34%$1M3.9K
29SPDR S&P 500 ETF TRTR UNIT0.33%$1M2.9K
30MID-AMER APT CMNTYS INCCOM0.31%$1M7.4K
31EXPDEXPEDITORS INTL WASH INCCOM0.30%$1M10.0K
32HDHOME DEPOT INCCOM0.28%$1M3.5K
33NEENEXTERA ENERGY INCCOM0.27%$984,97912.8K
34TSCOTRACTOR SUPPLY COCOM0.26%$961,3144.1K
35VANGUARD INDEX FDSTOTAL STK MKT0.26%$949,8814.7K
36GOOGALPHABET INCCAP STK CL C0.26%$928,0968.9K

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 ↗.