Summit Asset Management, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 5, 2024), Summit Asset Management, LLC reported 156 stock positions worth $846.8 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 43.4% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 5.5%) and Schwab US Large-Cap Growth (SCHG, 3.9%). Compared with Q1 2024, it opened 4 new positions, sold out of 6, added to 70 and reduced 26. The biggest buy was Schwab US Large-Cap Growth (SCHG, shares +2%) and the biggest sale Vanguard Ftse Europe ETF (VGK, shares −9%).

Most Recent 13F
Q2 2026
Location
MEMPHIS, TN
CIK
0001509974
Portfolio Value
$846.8M (Q2 2024)
SEC Filing
0001398344-24-013661 ↗ filed Aug 5, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $843.0M Q1 2024 Q2 2024: $846.8M $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 156 stocks · $846.8M
BRK.A Berkshire Hathaway Inc. Class A 43.38% 600 $367.3M No change
SCHD Schwab US DVD Equity ETF 5.49% 598,069 $46.5M Add +2.8%
SCHG Schwab US Large-Cap Growth 3.92% 329,207 $33.2M Add +1.5%
SCHM Schwab US Mid Cap ETF 3.53% 384,420 $29.9M Add +4.0%
SCHF Schwab Intl Equity ETF 3.52% 775,126 $29.8M Add +5.9%
MOAT Vaneck Morningstar Wide Moat 3.42% 334,085 $28.9M Add +6.5%
SCHV Schwab US Large-Cap Value 2.36% 270,229 $20.0M Add +3.4%
SCHY Schwab International DVD ETF 2.30% 827,711 $19.5M Add +4.5%
IHDG Wisdomtree International Hed 2.27% 422,497 $19.3M Add +4.5%
IJR iShares Core S&P Small-Cap E 2.04% 161,770 $17.3M Add +4.1%
IEF iShares 7-10 Year Treasury B 1.81% 163,221 $15.3M Add +7.0%
IBDQ iShares Ibonds Dec 2025 Term 1.76% 598,378 $14.9M Add +2.0%
IBDP iShares Ibonds Dec 2024 Term 1.74% 587,180 $14.8M Add +1.0%
IBDR iShares Ibonds Dec 2026 Term 1.73% 615,935 $14.7M Add +2.1%
BRK.B Berkshire Hathaway Inc. Class B 1.73% 36,045 $14.7M Add +1.8%
IVV iShares Core S&P 500 ETF 1.35% 20,814 $11.4M Add +29.9%
AAPL Apple Inc. 1.11% 44,569 $9.4M Add +2.6%
AZO AutoZone Inc. 0.90% 2,584 $7.7M Add +0.8%
MSFT Microsoft Corp. 0.85% 16,024 $7.2M Add +5.1%
NVDA Nvidia Corp. 0.84% 57,306 $7.1M Add +1.6%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.63% 13,603 $5.3M Reduce -1.2%
IMCG iShares Morningstar Mid-Cap 0.48% 60,002 $4.1M Reduce -1.6%
IDXX Idexx Laboratories Inc. 0.45% 7,835 $3.8M No change
AMZN Amazon.com Inc. 0.45% 19,552 $3.8M Add +7.9%
PG The Procter & Gamble Co. 0.44% 22,711 $3.7M Reduce -0.3%
WMT Walmart Inc. 0.41% 51,102 $3.5M Reduce -0.9%
VGK Vanguard Ftse Europe ETF 0.37% 46,506 $3.1M Reduce -8.7%
XOM Exxon Mobil Corp. 0.34% 25,303 $2.9M Add +3.1%
FDX FedEx Corp. 0.30% 8,389 $2.5M Add +2.5%
TCHP T Rowe Price Blue Chip Growt 0.27% 60,083 $2.3M Reduce -4.2%
JNJ Johnson & Johnson 0.26% 15,176 $2.2M Add +4.1%
TOTL SS Doubleline TR Tact ETF 0.24% 51,968 $2.1M Reduce -3.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.21% 3,340 $1.8M Reduce -2.9%
QQQ Invesco QQQ Trust Series 1 0.21% 3,789 $1.8M Reduce -0.2%
AGG iShares Core U.S. Aggregate 0.21% 18,005 $1.7M Reduce -1.4%
UNP Union Pacific Corp. 0.21% 7,695 $1.7M Add +0.1%
HD Home Depot Inc. 0.20% 4,941 $1.7M Add +32.4%
DBEU Xtrackers MSCI Europe Hedged 0.19% 39,080 $1.6M Reduce -0.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.19% 14,292 $1.6M No change
JPM JPMorgan Chase & Co. 0.19% 7,758 $1.6M Add +29.1%
GOOG Alphabet Inc. Class C 0.18% 8,408 $1.5M Reduce -2.8%
V Visa Inc. Class A 0.17% 5,615 $1.5M No change
KO The Coca-Cola Co. 0.17% 22,340 $1.4M Add +0.3%
PEP Pepsico Inc. 0.15% 7,552 $1.2M Add +5.8%
VTI VG Morningstar TS MKT ETF-US 0.15% 4,654 $1.2M No change
PGR Progressive Corp. 0.14% 5,895 $1.2M No change
LLY Eli Lilly & Co. 0.14% 1,328 $1.2M No change
EMR Emerson Electric Co. 0.13% 10,327 $1.1M Add +27.1%
COST Costco Wholesale Corp. 0.13% 1,304 $1.1M Add +1.0%
SCHA Schwab US Small-Cap ETF 0.13% 23,289 $1.1M Reduce -0.1%
TSCO Tractor Supply Company 0.13% 4,090 $1.1M No change
EFA iShares MSCI Eafe ETF 0.13% 13,888 $1.1M Add +0.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 26,634 $1.1M Add +26.6%
MAA Mid-America Apartment Comm 0.12% 7,377 $1.1M Add +0.1%
VOOG Vanguard S&P 500 Growth ETF 0.12% 3,029 $1.0M No change
EXPD Expeditors Intl Wash Inc. 0.12% 8,010 $1000K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.12% 5,769 $998K Reduce -4.2%
SCHW Schwab (charles) Corp. 0.12% 13,514 $996K Add +1.9%
NEE Nextera Energy Inc. 0.12% 13,944 $987K Add +0.0%
HON Honeywell International Inc. 0.11% 4,470 $955K Add +39.3%
JCI Johnson Controls Internation 0.11% 14,200 $944K Add +23.5%
IVE iShares S&P 500 Value ETF 0.11% 5,042 $918K No change
RTX RTX Corp. 0.10% 8,688 $872K Add +38.2%
DE Deere & Co. 0.10% 2,325 $869K Add +44.9%
T AT&T Inc. 0.10% 45,230 $864K Add +4.7%
DFUS Dimensional US Eq MKT ETF 0.10% 14,345 $844K No change
VIOG Vanguard S&P SM Cap 600 GRW 0.10% 7,546 $832K No change
ABBV Abbvie Inc. 0.10% 4,825 $828K Reduce -1.7%
MRK Merck & Co. Inc. 0.10% 6,568 $813K Add +19.2%
SCHX Schwab US Large-Cap ETF 0.09% 11,825 $760K Reduce -3.3%
ILCG iShares Morningstar Growth E 0.09% 9,085 $740K No change
ROK Rockwell Automation Inc. 0.09% 2,674 $736K Add +67.8%
VOO Vanguard S&P 500 ETF 0.09% 1,453 $727K No change
PNFP Pinnacle Financial Partners 0.08% 8,819 $706K No change
OSEA Harbor Intl Compounders ETF 0.08% 25,370 $702K Add +161.7%
IMCB iShares Morningstar Mid-Cap 0.08% 9,855 $691K No change
HEFA Isha Curr Hedged MSCI Eafe 0.08% 19,236 $684K No change
IJH iShares Core S&P Midcap ETF 0.08% 11,655 $682K Add +5.2%
COWZ Pacer US Cash Cows 100 ETF 0.08% 12,515 $682K Add +12.0%
VUSB Vanguard Ultra Short Bond Et 0.07% 12,830 $635K No change
CVX Chevron Corp. 0.07% 3,906 $611K Reduce -3.3%
XLG Invesco S&P 500 Top 50 ETF 0.07% 13,315 $609K No change
PFE Pfizer Inc. 0.07% 21,365 $598K Reduce -2.6%
VZ Verizon Communications Inc. 0.07% 14,173 $584K Add +4.8%
CNH CNH Industrial NV 0.07% 56,000 $567K Add +60.0%
MINT PIMCO Enhanced Short Maturit 0.06% 5,463 $550K Reduce -6.0%
MA Mastercard Inc. Class A 0.06% 1,240 $547K Add +16.4%
FAST Fastenal Co. 0.06% 8,688 $546K No change
VXUS Vanguard Total Intl Stock 0.06% 8,801 $531K No change
CP Canadian Pacific Kansas City 0.06% 6,706 $528K Add +13.6%
ORLY O'reilly Automotive Inc. 0.06% 496 $524K No change
GL Globe Life Inc. 0.06% 6,269 $516K Add +0.1%
UPS United Parcel Service Class B 0.06% 3,727 $510K No change
PSA Public Storage 0.06% 1,720 $495K No change
SCHB Schwab US Broad Market ETF 0.06% 7,817 $491K Add +3.2%
IVW iShares S&P 500 Growth ETF 0.06% 5,267 $487K Reduce -1.4%
ORCL Oracle Corp. 0.05% 3,204 $452K No change
GD General Dynamics Corp. 0.05% 1,543 $448K No change
SO The Southern Co. 0.05% 5,702 $442K Add +0.3%
GOOGL Alphabet Inc. Class A 0.05% 2,392 $436K No change

Show all 156 holdings

Portfolio Sells Q1 2024 → Q2 2024
VGK Vanguard Ftse Europe ETF Reduce -8.7% 0.37% −0.04
DIS The Walt Disney Co. Sold out 0.00% −0.04
IMCG iShares Morningstar Mid-Cap Reduce -1.6% 0.48% −0.03
IBTE iShares Ibonds Dec 2024 Term Sold out 0.00% −0.03
MUB iShares National Muni Bond E Sold out 0.00% −0.03
NKE Nike Inc. Class B Sold out 0.00% −0.03
CRM Salesforce Inc. Sold out 0.00% −0.03
ENB Enbridge Inc. Sold out 0.00% −0.02
DIA SS SPDR Dow Jones Indus Avg Reduce -1.2% 0.63% −0.02
CVS CVS Health Corp. Reduce -23.5% 0.03% −0.02
IBM Intl Business Machines Corp. Reduce -4.2% 0.12% −0.02
TOTL SS Doubleline TR Tact ETF Reduce -3.8% 0.24% −0.01
ABBV Abbvie Inc. Reduce -1.7% 0.10% −0.01
SCHO Schwab Short-Term US Treas Reduce -11.0% 0.05% −0.01
AGG iShares Core U.S. Aggregate Reduce -1.4% 0.21% −0.01
SCHA Schwab US Small-Cap ETF Reduce -0.1% 0.13% −0.01
MINT PIMCO Enhanced Short Maturit Reduce -6.0% 0.06% −0.00
CVX Chevron Corp. Reduce -3.3% 0.07% −0.00
MDY State Street SPDR S&P Midcap Reduce -5.2% 0.03% −0.00
VTEB Vanguard Tax-Exempt Bond ETF Reduce -7.2% 0.03% −0.00
CSCO Cisco Systems Inc. Reduce -0.3% 0.03% −0.00
PFE Pfizer Inc. Reduce -2.6% 0.07% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.2% 0.05% −0.00
SCHX Schwab US Large-Cap ETF Reduce -3.3% 0.09% −0.00
DBEU Xtrackers MSCI Europe Hedged Reduce -0.7% 0.19% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.9% 0.21% +0.00
PG The Procter & Gamble Co. Reduce -0.3% 0.44% +0.00
IVW iShares S&P 500 Growth ETF Reduce -1.4% 0.06% +0.00
TCHP T Rowe Price Blue Chip Growt Reduce -4.2% 0.27% +0.01
QQQ Invesco QQQ Trust Series 1 Reduce -0.2% 0.21% +0.01
GOOG Alphabet Inc. Class C Reduce -2.8% 0.18% +0.03
WMT Walmart Inc. Reduce -0.9% 0.41% +0.04

Portfolio Buys Q1 2024 → Q2 2024
SCHG Schwab US Large-Cap Growth Add +1.5% 3.92% +0.35
IVV iShares Core S&P 500 ETF Add +29.9% 1.35% +0.35
NVDA Nvidia Corp. Add +1.6% 0.84% +0.23
AAPL Apple Inc. Add +2.6% 1.11% +0.23
SCHF Schwab Intl Equity ETF Add +5.9% 3.52% +0.13
IEF iShares 7-10 Year Treasury B Add +7.0% 1.81% +0.09
MSFT Microsoft Corp. Add +5.1% 0.85% +0.09
MOAT Vaneck Morningstar Wide Moat Add +6.5% 3.42% +0.07
IHDG Wisdomtree International Hed Add +4.5% 2.27% +0.07
AMZN Amazon.com Inc. Add +7.9% 0.45% +0.06
OSEA Harbor Intl Compounders ETF Add +161.7% 0.08% +0.05
JPM JPMorgan Chase & Co. Add +29.1% 0.19% +0.04
VFLO Victoryshares Free Cash Flow New 0.04% +0.04
HON Honeywell International Inc. Add +39.3% 0.11% +0.03
ROK Rockwell Automation Inc. Add +67.8% 0.09% +0.03
HD Home Depot Inc. Add +32.4% 0.20% +0.03
IBDQ iShares Ibonds Dec 2025 Term Add +2.0% 1.76% +0.03
BAC Bank of America Corp. Add +26.6% 0.13% +0.03
RTX RTX Corp. Add +38.2% 0.10% +0.03
PM Philip Morris International New 0.03% +0.03
IBDR iShares Ibonds Dec 2026 Term Add +2.1% 1.73% +0.03
SCHY Schwab International DVD ETF Add +4.5% 2.30% +0.03
EMR Emerson Electric Co. Add +27.1% 0.13% +0.03
CMCSA Comcast Corp. Class A New 0.02% +0.02
MGC Vngrd Mrngstr MG Cap ETF-Usd New 0.02% +0.02
DE Deere & Co. Add +44.9% 0.10% +0.02
JCI Johnson Controls Internation Add +23.5% 0.11% +0.02
COST Costco Wholesale Corp. Add +1.0% 0.13% +0.02
FDX FedEx Corp. Add +2.5% 0.30% +0.02
IBDP iShares Ibonds Dec 2024 Term Add +1.0% 1.74% +0.01
CNH CNH Industrial NV Add +60.0% 0.07% +0.01
T AT&T Inc. Add +4.7% 0.10% +0.01
NEE Nextera Energy Inc. Add +0.0% 0.12% +0.01
MRK Merck & Co. Inc. Add +19.2% 0.10% +0.01
SCHV Schwab US Large-Cap Value Add +3.4% 2.36% +0.01
MAA Mid-America Apartment Comm Add +0.1% 0.12% +0.01
IWB iShares Russell 1000 ETF Add +18.7% 0.05% +0.01
KO The Coca-Cola Co. Add +0.3% 0.17% +0.01
XOM Exxon Mobil Corp. Add +3.1% 0.34% +0.01
FHN First Horizon Corp. Add +17.6% 0.03% +0.00
D Dominion Energy Inc. Add +16.3% 0.03% +0.00
MA Mastercard Inc. Class A Add +16.4% 0.06% +0.00
SCHW Schwab (charles) Corp. Add +1.9% 0.12% +0.00
SO The Southern Co. Add +0.3% 0.05% +0.00
COWZ Pacer US Cash Cows 100 ETF Add +12.0% 0.08% +0.00
WFC Wells Fargo & Co. Add +5.2% 0.05% +0.00
SCHB Schwab US Broad Market ETF Add +3.2% 0.06% +0.00
ACLC American Century Large Cap E Add +9.3% 0.03% +0.00
VZ Verizon Communications Inc. Add +4.8% 0.07% +0.00
DUK Duke Energy Corp. Add +1.1% 0.04% +0.00

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