Summit Asset Management, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 6, 2024), Summit Asset Management, LLC reported 158 stock positions worth $843.0 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 45.2% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 5.6%) and Schwab US Mid Cap ETF (SCHM, 3.6%). Compared with Q4 2023, it opened 8 new positions, sold out of 4, added to 53 and reduced 36. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +225%) and the biggest sale SS SPDR Dow Jones Indus Avg (DIA, shares −11%).

Most Recent 13F
Q2 2026
Location
MEMPHIS, TN
CIK
0001509974
Portfolio Value
$843.0M (Q1 2024)
SEC Filing
0001398344-24-008688 ↗ filed May 6, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $843.0M $843.0M Q1 2024 Q2 2024: $846.8M Q2 2024 Q3 2024: $874.6M Q3 2024 Q4 2024: $569.2M Q4 2024 Q1 2025: $577.7M Q1 2025 Q2 2025: $613.8M Q2 2025 Q3 2025: $650.4M Q3 2025 Q4 2025: $706.7M Q4 2025 Q1 2026: $718.8M Q1 2026 Q2 2026: $780.4M Q2 2026

Holdings 158 stocks · $843.0M
BRK.A Berkshire Hathaway Inc. Class A 45.16% 600 $380.7M No change
SCHD Schwab US DVD Equity ETF 5.56% 581,645 $46.9M Add +3.0%
SCHM Schwab US Mid Cap ETF 3.57% 369,826 $30.1M Add +4.3%
SCHG Schwab US Large-Cap Growth 3.57% 324,220 $30.1M Add +1.1%
SCHF Schwab Intl Equity ETF 3.39% 732,122 $28.6M Add +8.8%
MOAT Vaneck Morningstar Wide Moat 3.34% 313,605 $28.2M Add +9.9%
SCHV Schwab US Large-Cap Value 2.35% 261,242 $19.8M Add +3.4%
SCHY Schwab International DVD ETF 2.28% 791,765 $19.2M Add +6.7%
IHDG Wisdomtree International Hed 2.20% 404,388 $18.6M Add +5.2%
IJR iShares Core S&P Small-Cap E 2.04% 155,397 $17.2M Add +4.6%
BRK.B Berkshire Hathaway Inc. Class B 1.77% 35,397 $14.9M Reduce -0.4%
IBDP iShares Ibonds Dec 2024 Term 1.73% 581,404 $14.6M Add +3.2%
IBDQ iShares Ibonds Dec 2025 Term 1.73% 586,460 $14.6M Add +3.3%
IEF iShares 7-10 Year Treasury B 1.71% 152,605 $14.4M Add +11.1%
IBDR iShares Ibonds Dec 2026 Term 1.71% 603,385 $14.4M Add +4.5%
IVV iShares Core S&P 500 ETF 1.00% 16,022 $8.4M Add +224.8%
AZO AutoZone Inc. 0.96% 2,564 $8.1M Reduce -2.1%
AAPL Apple Inc. 0.88% 43,439 $7.4M Add +1.5%
MSFT Microsoft Corp. 0.76% 15,245 $6.4M Reduce -1.8%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.65% 13,766 $5.5M Reduce -11.0%
NVDA Nvidia Corp. 0.60% 5,638 $5.1M Reduce -0.1%
IMCG iShares Morningstar Mid-Cap 0.51% 60,960 $4.3M Reduce -0.2%
IDXX Idexx Laboratories Inc. 0.50% 7,835 $4.2M No change
PG The Procter & Gamble Co. 0.44% 22,781 $3.7M Reduce -0.7%
VGK Vanguard Ftse Europe ETF 0.41% 50,928 $3.4M Reduce -12.2%
AMZN Amazon.com Inc. 0.39% 18,117 $3.3M Add +1.0%
WMT Walmart Inc. 0.37% 51,579 $3.1M Reduce -0.6%
XOM Exxon Mobil Corp. 0.34% 24,539 $2.9M Add +0.0%
FDX FedEx Corp. 0.28% 8,188 $2.4M Add +0.0%
JNJ Johnson & Johnson 0.27% 14,582 $2.3M Add +0.1%
TCHP T Rowe Price Blue Chip Growt 0.26% 62,712 $2.2M Reduce -2.9%
TOTL SS Doubleline TR Tact ETF 0.26% 54,024 $2.2M Add +7.4%
UNP Union Pacific Corp. 0.22% 7,690 $1.9M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.21% 3,439 $1.8M Reduce -2.5%
AGG iShares Core U.S. Aggregate 0.21% 18,261 $1.8M Add +9.9%
QQQ Invesco QQQ Trust Series 1 0.20% 3,795 $1.7M Reduce -1.3%
DBEU Xtrackers MSCI Europe Hedged 0.19% 39,339 $1.6M Reduce -14.4%
V Visa Inc. Class A 0.19% 5,615 $1.6M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.17% 14,292 $1.4M No change
HD Home Depot Inc. 0.17% 3,731 $1.4M Add +5.7%
KO The Coca-Cola Co. 0.16% 22,281 $1.4M Reduce -0.2%
GOOG Alphabet Inc. Class C 0.16% 8,648 $1.3M Reduce -0.4%
PEP Pepsico Inc. 0.15% 7,135 $1.2M Add +2.0%
PGR Progressive Corp. 0.14% 5,895 $1.2M No change
VTI VG Morningstar TS MKT ETF-US 0.14% 4,654 $1.2M No change
JPM JPMorgan Chase & Co. 0.14% 6,008 $1.2M Reduce -0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 6,019 $1.1M No change
SCHA Schwab US Small-Cap ETF 0.14% 23,307 $1.1M Reduce -15.8%
EFA iShares MSCI Eafe ETF 0.13% 13,812 $1.1M No change
TSCO Tractor Supply Company 0.13% 4,090 $1.1M No change
LLY Eli Lilly & Co. 0.12% 1,328 $1.0M Reduce -2.1%
EXPD Expeditors Intl Wash Inc. 0.12% 8,010 $974K No change
MAA Mid-America Apartment Comm 0.12% 7,373 $970K Add +0.1%
SCHW Schwab (charles) Corp. 0.11% 13,264 $960K No change
COST Costco Wholesale Corp. 0.11% 1,291 $946K Add +0.1%
IVE iShares S&P 500 Value ETF 0.11% 5,042 $942K Reduce -0.6%
VOOG Vanguard S&P 500 Growth ETF 0.11% 3,029 $923K No change
EMR Emerson Electric Co. 0.11% 8,126 $922K Add +11.7%
ABBV Abbvie Inc. 0.11% 4,909 $894K Add +0.0%
NEE Nextera Energy Inc. 0.11% 13,939 $891K Add +3.8%
VIOG Vanguard S&P SM Cap 600 GRW 0.10% 7,546 $848K No change
DFUS Dimensional US Eq MKT ETF 0.10% 14,345 $817K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 21,033 $798K Add +8.5%
T AT&T Inc. 0.09% 43,182 $760K Reduce -7.1%
SCHX Schwab US Large-Cap ETF 0.09% 12,225 $759K No change
PNFP Pinnacle Financial Partners 0.09% 8,819 $757K No change
JCI Johnson Controls Internation 0.09% 11,500 $751K Add +14.5%
GL Globe Life Inc. 0.09% 6,266 $729K Add +0.0%
MRK Merck & Co. Inc. 0.09% 5,511 $727K No change
IMCB iShares Morningstar Mid-Cap 0.09% 9,855 $718K No change
VOO Vanguard S&P 500 ETF 0.08% 1,453 $698K Add +2.8%
ILCG iShares Morningstar Growth E 0.08% 9,085 $686K No change
IJH iShares Core S&P Midcap ETF 0.08% 11,080 $673K No change
HEFA Isha Curr Hedged MSCI Eafe 0.08% 19,236 $671K No change
FAST Fastenal Co. 0.08% 8,688 $670K No change
DE Deere & Co. 0.08% 1,605 $659K Add +55.8%
HON Honeywell International Inc. 0.08% 3,210 $659K Add +20.0%
COWZ Pacer US Cash Cows 100 ETF 0.08% 11,175 $649K New
CVX Chevron Corp. 0.08% 4,041 $637K Add +1.9%
VUSB Vanguard Ultra Short Bond Et 0.08% 12,830 $636K Reduce -14.6%
RTX RTX Corp. 0.07% 6,288 $613K Add +3.3%
PFE Pfizer Inc. 0.07% 21,939 $609K Reduce -0.1%
MINT PIMCO Enhanced Short Maturit 0.07% 5,813 $584K No change
VZ Verizon Communications Inc. 0.07% 13,522 $567K Reduce -17.9%
XLG Invesco S&P 500 Top 50 ETF 0.07% 13,315 $561K No change
ORLY O'reilly Automotive Inc. 0.07% 496 $560K No change
UPS United Parcel Service Class B 0.07% 3,727 $554K Add +4.9%
VXUS Vanguard Total Intl Stock 0.06% 8,801 $531K No change
CP Canadian Pacific Kansas City 0.06% 5,906 $521K No change
MA Mastercard Inc. Class A 0.06% 1,065 $513K No change
PSA Public Storage 0.06% 1,720 $499K No change
ROK Rockwell Automation Inc. 0.06% 1,594 $464K Add +17.2%
SCHB Schwab US Broad Market ETF 0.05% 7,576 $462K Add +2.5%
CNH CNH Industrial NV 0.05% 35,000 $454K Add +20.7%
IVW iShares S&P 500 Growth ETF 0.05% 5,342 $451K No change
ABT Abbott Laboratories 0.05% 3,919 $445K No change
GD General Dynamics Corp. 0.05% 1,543 $436K Reduce -0.3%
SCHO Schwab Short-Term US Treas 0.05% 8,994 $434K Reduce -6.7%
BMY Bristol-Myers Squibb Co. 0.05% 7,943 $431K Reduce -6.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.05% 2,568 $418K No change
MCD McDonald's Corp. 0.05% 1,461 $412K Add +0.1%
SEIX Virtus Seix Senior Loan ETF 0.05% 17,117 $410K Reduce -0.4%
SO The Southern Co. 0.05% 5,686 $408K Add +0.3%
CVS CVS Health Corp. 0.05% 5,100 $407K Reduce -1.9%
ORCL Oracle Corp. 0.05% 3,204 $402K No change
WFC Wells Fargo & Co. 0.05% 6,800 $394K No change
ILCV iShares Morningstar Value Et 0.05% 5,090 $391K No change
RY Royal Bank of Canada 0.05% 3,845 $388K No change
GOOGL Alphabet Inc. Class A 0.04% 2,392 $361K Reduce -13.9%
EPD Enterprise Products Partners 0.04% 12,347 $360K Reduce -0.8%
DFUV Dimensional US Marketwide Va 0.04% 8,807 $360K Add +0.3%
TFC Truist Financial Corp. 0.04% 9,160 $357K Add +0.2%
CCK Crown Holdings Inc. 0.04% 4,494 $356K No change
MDLZ Mondelez International Inc. Class A 0.04% 5,049 $353K No change
VHT Vanguard Health Care ETF 0.04% 1,302 $352K Add +0.1%
META Meta Platforms Inc. Class A 0.04% 719 $349K Add +1.4%
IWB iShares Russell 1000 ETF 0.04% 1,200 $346K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 2,700 $330K Reduce -52.0%
DFAS Dimensional US Small Cap ETF 0.04% 5,217 $325K No change
IMCV iShares Morningstar Mid-Cap 0.04% 4,476 $325K No change
MDY State Street SPDR S&P Midcap 0.04% 578 $322K No change
FLOT iShares Floating Rate Bond E 0.04% 6,164 $315K No change
VIG Vanguard Dividend Apprec ETF 0.04% 1,689 $308K Add +11.2%
PSX Phillips 66 0.04% 1,871 $306K Add +5.1%
DUK Duke Energy Corp. 0.04% 3,119 $302K No change
CSCO Cisco Systems Inc. 0.04% 6,040 $301K Reduce -0.5%
MMM 3M Co. 0.04% 2,831 $300K Reduce -6.4%
AXP American Express Co. 0.04% 1,315 $299K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.03% 1,500 $288K No change
KMX Carmax Inc. 0.03% 3,285 $286K No change
WM Waste Management Inc. 0.03% 1,342 $286K No change
DHR Danaher Corp. 0.03% 1,142 $285K Reduce -0.6%
ADP Automatic Data Processing 0.03% 1,137 $284K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.03% 5,555 $281K No change
WEC WEC Energy Group Inc. 0.03% 3,335 $274K No change
CACC Credit Acceptance Corp. 0.03% 484 $267K No change
OSEA Harbor Intl Compounders ETF 0.03% 9,695 $265K New
TXN Texas Instruments Inc. 0.03% 1,450 $253K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.03% 1,002 $250K Reduce -21.5%
D Dominion Energy Inc. 0.03% 4,926 $242K No change
ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU 0.03% 4,123 $242K Reduce -0.5%
CI The Cigna Group 0.03% 657 $239K New
COP Conocophillips 0.03% 1,861 $237K Add +0.1%
IBTE iShares Ibonds Dec 2024 Term 0.03% 9,878 $236K Add +16.2%
MUB iShares National Muni Bond E 0.03% 2,180 $235K No change
NKE Nike Inc. Class B 0.03% 2,494 $234K No change
CSX CSX Corp. 0.03% 6,297 $233K Add +0.2%
EMQQ Emg MKT Internet ETF-USA Inc. filed as EXCHANGE TRADED CONCEPTS TRU 0.03% 7,207 $226K No change
CRM Salesforce Inc. 0.03% 729 $220K New
ACLC American Century Large Cap E 0.03% 3,210 $211K New
BKNG Booking Holdings Inc. 0.03% 58 $210K No change
FHN First Horizon Corp. 0.02% 13,434 $207K Add +10.7%
UNH Unitedhealth Group Inc. 0.02% 418 $207K No change
VFH Vanguard Financials ETF 0.02% 2,004 $205K New
AMT American Tower Corp. 0.02% 1,038 $205K No change
ENB Enbridge Inc. 0.02% 5,528 $200K New
ICLN iShares Global Clean Energy 0.02% 10,425 $146K New
STXS Stereotaxis Inc. 0.01% 18,700 $49K Add +20.6%

Portfolio Sells Q4 2023 → Q1 2024
DIA SS SPDR Dow Jones Indus Avg Reduce -11.0% 0.65% −0.14
VGK Vanguard Ftse Europe ETF Reduce -12.2% 0.41% −0.10
SDY SS SPDR S&P Dividend ETF Sold out 0.00% −0.05
DBEU Xtrackers MSCI Europe Hedged Reduce -14.4% 0.19% −0.04
SCHA Schwab US Small-Cap ETF Reduce -15.8% 0.14% −0.04
ADBE Adobe Inc. Sold out 0.00% −0.03
JPST JPMorgan Ultra-Short Income Sold out 0.00% −0.03
DIS The Walt Disney Co. Reduce -52.0% 0.04% −0.03
MSFT Microsoft Corp. Reduce -1.8% 0.76% −0.03
TBBK The Bancorp Inc. Sold out 0.00% −0.03
VUSB Vanguard Ultra Short Bond Et Reduce -14.6% 0.08% −0.03
IMCG iShares Morningstar Mid-Cap Reduce -0.2% 0.51% −0.02
VZ Verizon Communications Inc. Reduce -17.9% 0.07% −0.02
KO The Coca-Cola Co. Reduce -0.2% 0.16% −0.02
PG The Procter & Gamble Co. Reduce -0.7% 0.44% −0.02
T AT&T Inc. Reduce -7.1% 0.09% −0.02
PFE Pfizer Inc. Reduce -0.1% 0.07% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.5% 0.21% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -1.3% 0.20% −0.01
SCHO Schwab Short-Term US Treas Reduce -6.7% 0.05% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -21.5% 0.03% −0.01
GOOGL Alphabet Inc. Class A Reduce -13.9% 0.04% −0.01
GOOG Alphabet Inc. Class C Reduce -0.4% 0.16% −0.01
MMM 3M Co. Reduce -6.4% 0.04% −0.01
BMY Bristol-Myers Squibb Co. Reduce -6.5% 0.05% −0.01
IVE iShares S&P 500 Value ETF Reduce -0.6% 0.11% −0.01
TCHP T Rowe Price Blue Chip Growt Reduce -2.9% 0.26% −0.01
CVS CVS Health Corp. Reduce -1.9% 0.05% −0.01
SEIX Virtus Seix Senior Loan ETF Reduce -0.4% 0.05% −0.01
CSCO Cisco Systems Inc. Reduce -0.5% 0.04% −0.01
ROBO Robo Global Robotics and Aut Reduce -0.5% 0.03% −0.00
GD General Dynamics Corp. Reduce -0.3% 0.05% −0.00
DHR Danaher Corp. Reduce -0.6% 0.03% −0.00
EPD Enterprise Products Partners Reduce -0.8% 0.04% −0.00
WMT Walmart Inc. Reduce -0.6% 0.37% 0.00
JPM JPMorgan Chase & Co. Reduce -0.1% 0.14% +0.00
LLY Eli Lilly & Co. Reduce -2.1% 0.12% +0.02
AZO AutoZone Inc. Reduce -2.1% 0.96% +0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.4% 1.77% +0.05
NVDA Nvidia Corp. Reduce -0.1% 0.60% +0.23

Portfolio Buys Q4 2023 → Q1 2024
IVV iShares Core S&P 500 ETF Add +224.8% 1.00% +0.68
COWZ Pacer US Cash Cows 100 ETF New 0.08% +0.08
MOAT Vaneck Morningstar Wide Moat Add +9.9% 3.34% +0.07
OSEA Harbor Intl Compounders ETF New 0.03% +0.03
SCHF Schwab Intl Equity ETF Add +8.8% 3.39% +0.03
CI The Cigna Group New 0.03% +0.03
CRM Salesforce Inc. New 0.03% +0.03
ACLC American Century Large Cap E New 0.03% +0.03
VFH Vanguard Financials ETF New 0.02% +0.02
ENB Enbridge Inc. New 0.02% +0.02
DE Deere & Co. Add +55.8% 0.08% +0.02
IHDG Wisdomtree International Hed Add +5.2% 2.20% +0.02
AMZN Amazon.com Inc. Add +1.0% 0.39% +0.02
ICLN iShares Global Clean Energy New 0.02% +0.02
EMR Emerson Electric Co. Add +11.7% 0.11% +0.01
JCI Johnson Controls Internation Add +14.5% 0.09% +0.01
META Meta Platforms Inc. Class A Add +1.4% 0.04% +0.01
XOM Exxon Mobil Corp. Add +0.0% 0.34% +0.01
BAC Bank of America Corp. Add +8.5% 0.09% +0.01
CNH CNH Industrial NV Add +20.7% 0.05% +0.01
HD Home Depot Inc. Add +5.7% 0.17% +0.00
PSX Phillips 66 Add +5.1% 0.04% +0.00
RTX RTX Corp. Add +3.3% 0.07% +0.00
ABBV Abbvie Inc. Add +0.0% 0.11% +0.00
HON Honeywell International Inc. Add +20.0% 0.08% +0.00
STXS Stereotaxis Inc. Add +20.6% 0.01% +0.00
FDX FedEx Corp. Add +0.0% 0.28% +0.00
VIG Vanguard Dividend Apprec ETF Add +11.2% 0.04% +0.00
FHN First Horizon Corp. Add +10.7% 0.02% +0.00
IBTE iShares Ibonds Dec 2024 Term Add +16.2% 0.03% +0.00
VOO Vanguard S&P 500 ETF Add +2.8% 0.08% −0.00
SCHB Schwab US Broad Market ETF Add +2.5% 0.05% −0.00
COP Conocophillips Add +0.1% 0.03% −0.00
DFUV Dimensional US Marketwide Va Add +0.3% 0.04% −0.00
CSX CSX Corp. Add +0.2% 0.03% −0.00
ROK Rockwell Automation Inc. Add +17.2% 0.06% −0.00
VHT Vanguard Health Care ETF Add +0.1% 0.04% −0.00
COST Costco Wholesale Corp. Add +0.1% 0.11% −0.00
TFC Truist Financial Corp. Add +0.2% 0.04% −0.00
CVX Chevron Corp. Add +1.9% 0.08% −0.00
NEE Nextera Energy Inc. Add +3.8% 0.11% −0.00
SO The Southern Co. Add +0.3% 0.05% −0.01
MCD McDonald's Corp. Add +0.1% 0.05% −0.01
UPS United Parcel Service Class B Add +4.9% 0.07% −0.01
AGG iShares Core U.S. Aggregate Add +9.9% 0.21% −0.01
PEP Pepsico Inc. Add +2.0% 0.15% −0.01
GL Globe Life Inc. Add +0.0% 0.09% −0.02
TOTL SS Doubleline TR Tact ETF Add +7.4% 0.26% −0.02
MAA Mid-America Apartment Comm Add +0.1% 0.12% −0.02
SCHG Schwab US Large-Cap Growth Add +1.1% 3.57% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 183$780.4MSCHD, SCHG, SCHM, SCHF, SCHV
Q1 2026 172$718.8MSCHD, SCHG, SCHF, SCHM, SCHV
Q4 2025 171$706.7MSCHD, SCHG, MOAT, SCHF, SCHM
Q3 2025 170$650.4MSCHD, SCHG, MOAT, SCHF, SCHM
Q2 2025 171$613.8MSCHD, SCHG, MOAT, SCHM, SCHF
Q1 2025 166$577.7MSCHD, SCHG, MOAT, SCHM, SCHF
Q4 2024 161$569.2MSCHD, SCHG, SCHM, MOAT, SCHF
Q3 2024 166$874.6MBRK.A, SCHD, SCHG, MOAT, SCHF
Q2 2024 156$846.8MBRK.A, SCHD, SCHG, SCHM, SCHF
Q1 2024 158$843.0MBRK.A, SCHD, SCHM, SCHG, SCHF