Summit Asset Management, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 6, 2024), Summit Asset Management, LLC reported 166 stock positions worth $874.6 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 39.5% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 5.9%) and Schwab US Large-Cap Growth (SCHG, 3.9%). Compared with Q2 2024, it opened 12 new positions, sold out of 2, added to 64 and reduced 35. The biggest buy was Vaneck Morningstar Wide Moat (MOAT, shares +5%) and the biggest sale Berkshire Hathaway Class A (BRK.A, shares −17%).

Most Recent 13F
Q2 2026
Location
MEMPHIS, TN
CIK
0001509974
Portfolio Value
$874.6M (Q3 2024)
SEC Filing
0001398344-24-020030 ↗ filed Nov 6, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $843.0M Q1 2024 Q2 2024: $846.8M Q2 2024 Q3 2024: $874.6M $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 166 stocks · $874.6M
BRK.A Berkshire Hathaway Inc. Class A 39.52% 500 $345.6M Reduce -16.7%
SCHD Schwab US DVD Equity ETF 5.94% 614,398 $51.9M Add +2.7%
SCHG Schwab US Large-Cap Growth 3.91% 328,391 $34.2M Reduce -0.3%
MOAT Vaneck Morningstar Wide Moat 3.90% 352,020 $34.1M Add +5.4%
SCHF Schwab Intl Equity ETF 3.84% 817,196 $33.6M Add +5.4%
SCHM Schwab US Mid Cap ETF 3.77% 397,210 $33.0M Add +3.3%
SCHV Schwab US Large-Cap Value 2.53% 275,701 $22.2M Add +2.0%
SCHY Schwab International DVD ETF 2.52% 841,247 $22.0M Add +1.6%
IHDG Wisdomtree International Hed 2.30% 440,499 $20.1M Add +4.3%
IJR iShares Core S&P Small-Cap E 2.22% 166,249 $19.4M Add +2.8%
IEF iShares 7-10 Year Treasury B 2.02% 180,394 $17.7M Add +10.5%
BRK.B Berkshire Hathaway Inc. Class B 1.99% 37,831 $17.4M Add +5.0%
IBDR iShares Ibonds Dec 2026 Term 1.77% 638,269 $15.5M Add +3.6%
IBDQ iShares Ibonds Dec 2025 Term 1.77% 617,003 $15.5M Add +3.1%
IBDP iShares Ibonds Dec 2024 Term 1.72% 597,351 $15.1M Add +1.7%
IVV iShares Core S&P 500 ETF 1.63% 24,778 $14.3M Add +19.0%
AAPL Apple Inc. 1.17% 43,952 $10.2M Reduce -1.4%
AZO AutoZone Inc. 0.91% 2,517 $7.9M Reduce -2.6%
MSFT Microsoft Corp. 0.82% 16,767 $7.2M Add +4.6%
NVDA Nvidia Corp. 0.82% 59,251 $7.2M Add +3.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.64% 13,249 $5.6M Reduce -2.6%
IMCG iShares Morningstar Mid-Cap 0.50% 59,702 $4.4M Reduce -0.5%
WMT Walmart Inc. 0.46% 49,857 $4.0M Reduce -2.4%
IDXX Idexx Laboratories Inc. 0.45% 7,835 $4.0M No change
AMZN Amazon.com Inc. 0.42% 19,777 $3.7M Add +1.1%
PG The Procter & Gamble Co. 0.39% 19,617 $3.4M Reduce -13.6%
VGK Vanguard Ftse Europe ETF 0.34% 42,067 $3.0M Reduce -9.6%
XOM Exxon Mobil Corp. 0.33% 24,554 $2.9M Reduce -3.0%
JNJ Johnson & Johnson 0.28% 15,185 $2.5M Add +0.1%
TOTL SS Doubleline TR Tact ETF 0.27% 56,711 $2.3M Add +9.1%
TCHP T Rowe Price Blue Chip Growt 0.27% 59,022 $2.3M Reduce -1.8%
HD Home Depot Inc. 0.27% 5,771 $2.3M Add +16.8%
FDX FedEx Corp. 0.26% 8,384 $2.3M Reduce -0.1%
AGG iShares Core U.S. Aggregate 0.24% 20,856 $2.1M Add +15.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.22% 3,387 $1.9M Add +1.4%
UNP Union Pacific Corp. 0.22% 7,698 $1.9M Add +0.0%
JPM JPMorgan Chase & Co. 0.22% 8,958 $1.9M Add +15.5%
QQQ Invesco QQQ Trust Series 1 0.21% 3,760 $1.8M Reduce -0.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.19% 14,292 $1.7M No change
KO The Coca-Cola Co. 0.18% 22,365 $1.6M Add +0.1%
V Visa Inc. Class A 0.18% 5,613 $1.5M Reduce -0.0%
PGR Progressive Corp. 0.17% 5,895 $1.5M No change
DBEU Xtrackers MSCI Europe Hedged 0.16% 33,790 $1.4M Reduce -13.5%
GOOG Alphabet Inc. Class C 0.16% 8,535 $1.4M Add +1.5%
EMR Emerson Electric Co. 0.16% 12,451 $1.4M Add +20.6%
JCI Johnson Controls Internation 0.16% 17,500 $1.4M Add +23.2%
DE Deere & Co. 0.15% 3,200 $1.3M Add +37.6%
VTI VG Morningstar TS MKT ETF-US 0.15% 4,654 $1.3M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.15% 32,785 $1.3M Add +23.1%
PEP Pepsico Inc. 0.15% 7,552 $1.3M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 5,769 $1.3M No change
RTX RTX Corp. 0.14% 10,054 $1.2M Add +15.7%
SCHA Schwab US Small-Cap ETF 0.14% 23,156 $1.2M Reduce -0.6%
TSCO Tractor Supply Company 0.14% 4,099 $1.2M Add +0.2%
HON Honeywell International Inc. 0.14% 5,730 $1.2M Add +28.2%
NEE Nextera Energy Inc. 0.13% 13,949 $1.2M Add +0.0%
LLY Eli Lilly & Co. 0.13% 1,328 $1.2M No change
MAA Mid-America Apartment Comm 0.13% 7,381 $1.2M Add +0.1%
EFA iShares MSCI Eafe ETF 0.13% 13,953 $1.2M Add +0.5%
COST Costco Wholesale Corp. 0.13% 1,301 $1.2M Reduce -0.2%
OSEA Harbor Intl Compounders ETF 0.13% 38,942 $1.1M Add +53.5%
EXPD Expeditors Intl Wash Inc. 0.12% 8,010 $1.1M No change
VOOG Vanguard S&P 500 Growth ETF 0.12% 3,029 $1.0M No change
ROK Rockwell Automation Inc. 0.12% 3,874 $1.0M Add +44.9%
ABBV Abbvie Inc. 0.11% 4,826 $953K Add +0.0%
T AT&T Inc. 0.11% 43,011 $946K Reduce -4.9%
IVE iShares S&P 500 Value ETF 0.11% 4,746 $936K Reduce -5.9%
VIOG Vanguard S&P SM Cap 600 GRW 0.10% 7,546 $904K No change
DFUS Dimensional US Eq MKT ETF 0.10% 14,345 $892K No change
PNFP Pinnacle Financial Partners 0.10% 8,819 $864K No change
CNH CNH Industrial NV 0.09% 74,000 $821K Add +32.1%
SCHW Schwab (charles) Corp. 0.09% 12,602 $817K Reduce -6.8%
SCHX Schwab US Large-Cap ETF 0.09% 11,825 $802K No change
VOO Vanguard S&P 500 ETF 0.09% 1,453 $767K No change
ILCG iShares Morningstar Growth E 0.09% 9,085 $764K No change
IMCB iShares Morningstar Mid-Cap 0.09% 9,855 $749K No change
VFLO Victoryshares Free Cash Flow 0.09% 22,430 $747K Add +99.2%
MRK Merck & Co. Inc. 0.09% 6,568 $746K No change
COWZ Pacer US Cash Cows 100 ETF 0.09% 12,860 $744K Add +2.8%
IJH iShares Core S&P Midcap ETF 0.08% 11,655 $726K No change
HEFA Isha Curr Hedged MSCI Eafe 0.08% 19,236 $681K No change
GL Globe Life Inc. 0.08% 6,272 $664K Add +0.1%
PFE Pfizer Inc. 0.07% 22,428 $649K Add +5.0%
VZ Verizon Communications Inc. 0.07% 14,223 $639K Add +0.3%
XLG Invesco S&P 500 Top 50 ETF 0.07% 13,315 $633K No change
PSA Public Storage 0.07% 1,720 $626K No change
MA Mastercard Inc. Class A 0.07% 1,265 $625K Add +2.0%
FAST Fastenal Co. 0.07% 8,688 $620K No change
UPS United Parcel Service Class B 0.07% 4,322 $589K Add +16.0%
ORCL Oracle Corp. 0.07% 3,384 $577K Add +5.6%
ORLY O'reilly Automotive Inc. 0.07% 496 $571K No change
CVX Chevron Corp. 0.07% 3,865 $569K Reduce -1.1%
SO The Southern Co. 0.06% 5,716 $515K Add +0.3%
SCHB Schwab US Broad Market ETF 0.06% 7,735 $515K Reduce -1.1%
CP Canadian Pacific Kansas City 0.06% 5,906 $505K Reduce -11.9%
IVW iShares S&P 500 Growth ETF 0.06% 5,267 $504K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 2,776 $485K Add +8.3%
RY Royal Bank of Canada 0.05% 3,845 $480K No change
VXUS Vanguard Total Intl Stock 0.05% 7,385 $478K Reduce -16.1%
GD General Dynamics Corp. 0.05% 1,543 $466K No change

Show all 166 holdings

Portfolio Sells Q2 2024 → Q3 2024
BRK.A Berkshire Hathaway Inc. Class A Reduce -16.7% 39.52% −3.87
PG The Procter & Gamble Co. Reduce -13.6% 0.39% −0.05
FDX FedEx Corp. Reduce -0.1% 0.26% −0.03
VUSB Vanguard Ultra Short Bond Et Reduce -40.5% 0.04% −0.03
DBEU Xtrackers MSCI Europe Hedged Reduce -13.5% 0.16% −0.03
EMQQ Emg MKT Internet ETF-USA Inc. Sold out 0.00% −0.03
COP Conocophillips Sold out 0.00% −0.03
VGK Vanguard Ftse Europe ETF Reduce -9.6% 0.34% −0.02
SCHW Schwab (charles) Corp. Reduce -6.8% 0.09% −0.02
MINT PIMCO Enhanced Short Maturit Reduce -33.6% 0.04% −0.02
XOM Exxon Mobil Corp. Reduce -3.0% 0.33% −0.01
SCHG Schwab US Large-Cap Growth Reduce -0.3% 3.91% −0.01
VXUS Vanguard Total Intl Stock Reduce -16.1% 0.05% −0.01
TCHP T Rowe Price Blue Chip Growt Reduce -1.8% 0.27% −0.01
CVX Chevron Corp. Reduce -1.1% 0.07% −0.01
CP Canadian Pacific Kansas City Reduce -11.9% 0.06% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -0.8% 0.21% −0.00
ROBO Robo Global Robotics and Aut Reduce -5.4% 0.03% −0.00
IVE iShares S&P 500 Value ETF Reduce -5.9% 0.11% −0.00
VHT Vanguard Health Care ETF Reduce -5.0% 0.04% −0.00
CMCSA Comcast Corp. Class A Reduce -5.0% 0.02% −0.00
TXN Texas Instruments Inc. Reduce -1.0% 0.03% +0.00
SCHB Schwab US Broad Market ETF Reduce -1.1% 0.06% +0.00
COST Costco Wholesale Corp. Reduce -0.2% 0.13% +0.00
VIG Vanguard Dividend Apprec ETF Reduce -0.1% 0.04% +0.00
AZO AutoZone Inc. Reduce -2.6% 0.91% +0.00
V Visa Inc. Class A Reduce -0.0% 0.18% +0.00
CSCO Cisco Systems Inc. Reduce -0.9% 0.04% +0.00
D Dominion Energy Inc. Reduce -5.2% 0.04% +0.00
SCHA Schwab US Small-Cap ETF Reduce -0.6% 0.14% +0.01
T AT&T Inc. Reduce -4.9% 0.11% +0.01
MCD McDonald's Corp. Reduce -0.2% 0.05% +0.01
BMY Bristol-Myers Squibb Co. Reduce -0.4% 0.05% +0.01
DIA SS SPDR Dow Jones Indus Avg Reduce -2.6% 0.64% +0.01
IMCG iShares Morningstar Mid-Cap Reduce -0.5% 0.50% +0.02
WMT Walmart Inc. Reduce -2.4% 0.46% +0.05
AAPL Apple Inc. Reduce -1.4% 1.17% +0.06

Portfolio Buys Q2 2024 → Q3 2024
MOAT Vaneck Morningstar Wide Moat Add +5.4% 3.90% +0.49
SCHD Schwab US DVD Equity ETF Add +2.7% 5.94% +0.45
SCHF Schwab Intl Equity ETF Add +5.4% 3.84% +0.33
IVV iShares Core S&P 500 ETF Add +19.0% 1.63% +0.29
BRK.B Berkshire Hathaway Inc. Class B Add +5.0% 1.99% +0.26
SCHM Schwab US Mid Cap ETF Add +3.3% 3.77% +0.24
IEF iShares 7-10 Year Treasury B Add +10.5% 2.02% +0.22
SCHY Schwab International DVD ETF Add +1.6% 2.52% +0.21
IJR iShares Core S&P Small-Cap E Add +2.8% 2.22% +0.19
SCHV Schwab US Large-Cap Value Add +2.0% 2.53% +0.17
HD Home Depot Inc. Add +16.8% 0.27% +0.07
DE Deere & Co. Add +37.6% 0.15% +0.05
OSEA Harbor Intl Compounders ETF Add +53.5% 0.13% +0.05
VFLO Victoryshares Free Cash Flow Add +99.2% 0.09% +0.04
JCI Johnson Controls Internation Add +23.2% 0.16% +0.04
IBDR iShares Ibonds Dec 2026 Term Add +3.6% 1.77% +0.04
RTX RTX Corp. Add +15.7% 0.14% +0.04
AGG iShares Core U.S. Aggregate Add +15.8% 0.24% +0.04
TBBK The Bancorp Inc. New 0.03% +0.03
ROK Rockwell Automation Inc. Add +44.9% 0.12% +0.03
IBDS Ishrs Ibnds Dec 27 Corp. ETF New 0.03% +0.03
JPM JPMorgan Chase & Co. Add +15.5% 0.22% +0.03
APD Air Products & Chemicals Inc. New 0.03% +0.03
ET Energy Transfer LP New 0.03% +0.03
IHDG Wisdomtree International Hed Add +4.3% 2.30% +0.03
CNH CNH Industrial NV Add +32.1% 0.09% +0.03
TMUS T-Mobile US Inc. New 0.03% +0.03
ETR Entergy Corp. New 0.03% +0.03
NKE Nike Inc. Class B New 0.03% +0.03
CRM Salesforce Inc. New 0.03% +0.03
TOTL SS Doubleline TR Tact ETF Add +9.1% 0.27% +0.02
SDY SS SPDR S&P Dividend ETF New 0.02% +0.02
BAC Bank of America Corp. Add +23.1% 0.15% +0.02
LOW Lowe's Cos Inc. New 0.02% +0.02
DVY iShares Select Dividend ETF New 0.02% +0.02
HON Honeywell International Inc. Add +28.2% 0.14% +0.02
EMR Emerson Electric Co. Add +20.6% 0.16% +0.02
JNJ Johnson & Johnson Add +0.1% 0.28% +0.02
NEE Nextera Energy Inc. Add +0.0% 0.13% +0.02
KO The Coca-Cola Co. Add +0.1% 0.18% +0.02
GL Globe Life Inc. Add +0.1% 0.08% +0.01
MDY State Street SPDR S&P Midcap Add +36.5% 0.05% +0.01
IBDQ iShares Ibonds Dec 2025 Term Add +3.1% 1.77% +0.01
ORCL Oracle Corp. Add +5.6% 0.07% +0.01
UNP Union Pacific Corp. Add +0.0% 0.22% +0.01
ABBV Abbvie Inc. Add +0.0% 0.11% +0.01
MAA Mid-America Apartment Comm Add +0.1% 0.13% +0.01
WEST Westrock Coffee Co. New 0.01% +0.01
META Meta Platforms Inc. Class A Add +10.7% 0.05% +0.01
EPD Enterprise Products Partners Add +22.5% 0.05% +0.01

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