SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Summit Financial, LLC

CIK 0001765536 · 4 CAMPUS DRIVE, PARSIPPANY, NJ, 07054 · 9732853600

Reported Value
$1.4B
Q2 2023
Positions
319
Filings on Record
30
2019–present window
Filed
Aug 11, 2023
original filing

Summary

Summit Financial, LLC reported $1.4B in U.S.-listed holdings across 319 positions for Q2 2023.

The portfolio is heavily concentrated: Vanguard Index Fds Total Stk Mkt alone accounts for 25.6% of reported value.

Compared with Q1 2023, the fund opened 79 new positions and exited 16.

Portfolio Metrics

Turnover
+1.4%
vs prior filed quarter
Top-10 Concentration
+58.6%
share of reported value
Largest Position
+25.6%
Vanguard Index Fds Total Stk Mkt
New / Exited
79 / 16
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: $515.0BQ4 ’18Q1 ’19: $582.8BQ2 ’19: $592.7BQ3 ’19: $590.2BQ4 ’19: $588.8BQ4 ’19Q1 ’20: $455.0BQ2 ’20: $564.8BQ3 ’20: $604.7BQ4 ’20: $711.4BQ4 ’20Q1 ’21: $758.5BQ2 ’21: $1.01TQ3 ’21: $1.17TQ4 ’21: $1.31TQ4 ’21Q1 ’22: $1.28TQ2 ’22: $1.07TQ3 ’22: $1.06TQ1 ’23: $1.1BQ1 ’23Q2 ’23: $1.4BQ3 ’23: $1.4BQ4 ’23: $1.5BQ1 ’24: $1.7BQ1 ’24Q2 ’24: $2.2BQ3 ’24: $2.6BQ4 ’24: $2.9BQ1 ’25: $3.6BQ1 ’25Q2 ’25: $4.4BQ3 ’25: $6.6BQ4 ’25: $6.8BQ1 ’26: $7.8BQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 71.5%Common Stock: 27.2%Other: 0.8%REIT: 0.3%ADR: 0.2%Other: 0.0%
  • ETP · 71.5% · $981M
  • Common Stock · 27.2% · $373M
  • Other · 0.8% · $11M
  • REIT · 0.3% · $4M
  • ADR · 0.2% · $3M
  • Other · 0.0% · $397,282

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INVESCO S&P500 EWGHTNEW+58.7K58.7K+$9M$9M
BMRNBIOMARIN PHARMACEUTICAL INC.NEW+62.4K62.4K+$5M$5M
REGNREGENERON PHARMACEUTICALS, INC.NEW+6.8K6.8K+$5M$5M
METAMETA PLATFORMS, INC.NEW+12.4K12.4K+$4M$4M
URIUNITED RENTALS, INC.NEW+5.4K5.4K+$2M$2M
ISHARES:S&P 100NEW+10.4K10.4K+$2M$2M
ONON SEMICONDUCTOR CORPORATIONNEW+21.0K21.0K+$2M$2M
SPDR BBG 1-3 MO T-BILLNEW+21.2K21.2K+$2M$2M

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

Holdings — Q2 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD INDEX FDS TOTAL STK MKTETF25.62%$351M1.60M
2VANGUARD INTL EQUITY INDEX F ALLWRLD EX USETF12.83%$176M3.24M
3VUGVANGUARD INDEX FDS GROWTH ETFhistory →ETF3.88%$53M188.0K
4CMGCHIPOTLE MEXICAN GRILL INC COMhistory →Common Stock3.67%$50M23.5K
5VTVVANGUARD INDEX FDS VALUE ETFhistory →ETF2.78%$38M268.3K
6VANGUARD INDEX FDS SM CP VAL ETFETF2.35%$32M194.7K
7VANGUARD INDEX FDS MCAPVLIDXVIPETF2.17%$30M215.2K
8AAPLAPPLE INC COMhistory →Common Stock2.06%$28M145.7K
9SPDR S&P 500 ETF TRTR UNITETF1.88%$26M57.9K
10ISHARES CORE S&P 500 ETFETF1.39%$19M42.7K
11AMZNAMAZON COM INC COMhistory →Common Stock1.36%$19M143.2K
12MSFTMICROSOFT CORPCOMhistory →Common Stock1.35%$19M54.4K
13VANGUARD INDEX FDSS&P 500 ETF SHSETF1.33%$18M44.7K
14YUMYUM BRANDS INCCOMhistory →Common Stock1.07%$15M105.7K
15VANGUARD TAX-MANAGED INTLFD FTSE DEV MKT ETFETF0.78%$11M232.3K
16SCHWAB STRATEGIC T RSCHWB FDT INTLGETF0.75%$10M317.8K
17NVDANVIDIA CORPORATION COMhistory →Common Stock0.73%$10M23.8K
18INVESCO S&P500 EWGHTETF0.64%$9M58.7K
19UNHUNITEDHEALTH GROUP NC COMCommon Stock0.62%$8M17.7K
20COSTCOSTCO WHSL CORP NEW COMCommon Stock0.61%$8M15.5K
21ISHARES TR 20 YR TR BD ETFETF0.61%$8M80.8K
22VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETFETF0.57%$8M191.4K
23VANGUARD INDEX FDS MID CAP ETFETF0.52%$7M32.5K
24VANGUARD INDEX FDS SMALL CP ETFETF0.50%$7M34.7K
25AVGOBROADCOM INC.Common Stock0.50%$7M7.9K
26TSLATESLA INCCOMCommon Stock0.50%$7M26.0K
27EXMOCEXXON MOBIL CORPCommon Stock0.49%$7M62.4K
28SELECTSECTOR SPDR TRSBI INT-INDSETF0.45%$6M56.9K
29ISHARES TR CORE TOTAL USDETF0.44%$6M132.5K
30ISHARESTRCORE S&P TTL STKETF0.42%$6M59.1K
31BMRNBIOMARIN PHARMACEUTICAL INC.Common Stock0.39%$5M62.4K
32NDQINVESCO QQQ TRUST 1ETF0.39%$5M14.5K
33BRK/BBERKSHIRE HATHAWAY INC DEL CL BCommon Stock0.38%$5M15.4K
34INVESCO EXCHANGETRADED FD TFTSERAFI1000ETF0.38%$5M32.0K
35ISHARESTRCOREMSCI EAFEETF0.38%$5M77.0K
36VANGUARD WHITEHALL FDS HIGH DIV YLDETF0.38%$5M48.6K
37JPMJPMORGAN CHASE & CO COMCommon Stock0.37%$5M34.8K
38ISHARES TR 0-5YR INVT GR CPETF0.36%$5M102.1K
39REGNREGENERON PHARMACEUTICALS, INC.Common Stock0.36%$5M6.8K
40LLYELI LILLY AND COMPANYCommon Stock0.36%$5M10.5K
41ISHARES RUS 1000 VAL ETFETF0.35%$5M30.6K
42ISHARES RUS 1000 GRW ETFETF0.35%$5M17.3K
43ISHARES TR CORE MSCI TOTALETF0.33%$5M73.0K
44VVISA INCCOM CL ACommon Stock0.32%$4M18.7K
45SCHWAB STRATEGIC TR US LCAP VA ETFETF0.31%$4M63.3K
46TXNTEXAS INSTRS INCCOMCommon Stock0.31%$4M23.4K
47SCHWAB STRATEGIC TR US LCAP GR ETFETF0.29%$4M53.7K
48ISHARESTRCORE S&P MCP ETFETF0.28%$4M14.9K
49NEENEXTERA ENERGY INCCOMCommon Stock0.27%$4M49.4K
50VANGUARD SCOTTSDALE FDS SHRT TRM CORP BDETF0.26%$4M47.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$7.8B1,397May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$6.8B1,283Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$6.6B1,238Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.4B809Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$3.6B706May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.9B662Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.6B556Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.2B487Jul 31, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.7B381Apr 24, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.5B351Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.4B332Nov 7, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.4B319Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.1B256May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review248Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.06T253Nov 15, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.07T231Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.28T247May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.31T243Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.17T221Nov 8, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.01T167Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$758.5B56May 3, 202113F-HRchanges · EDGAR ↗
Q4 2020$711.4B52Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$604.7B34Oct 22, 202013F-HRchanges · EDGAR ↗
Q2 2020$564.8B35Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$455.0B43May 4, 202013F-HRchanges · EDGAR ↗
Q4 2019$588.8B46Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$590.2B44Nov 4, 201913F-HRchanges · EDGAR ↗
Q2 2019$592.7B44Aug 1, 201913F-HRchanges · EDGAR ↗
Q1 2019$582.8B51May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$515.0B47Feb 8, 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 ↗.