Summit Asset Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Summit Asset Management, LLC reported 161 stock positions worth $569.2 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 9.3% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 6.7%) and Schwab US Mid Cap ETF (SCHM, 6.0%). Compared with Q3 2024, it opened 9 new positions, sold out of 14, added to 48 and reduced 50. The biggest buy was Schwab US DVD Equity ETF (SCHD, shares +6%) and the biggest sale an exit from iShares Ibonds Dec 2024 Term (IBDP).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001509974
- Portfolio Value
- $569.2M (Q4 2024)
- SEC Filing
- 0001398344-25-001793 ↗ filed Feb 4, 2025
Holdings Value
Holdings 161 stocks · $569.2M
| SCHD Schwab US DVD Equity ETF | 9.34% | 1,945,979 | $53.2M | Add +5.6% |
| SCHG Schwab US Large-Cap Growth | 6.71% | 1,369,929 | $38.2M | Add +4.3% |
| SCHM Schwab US Mid Cap ETF | 5.99% | 1,229,842 | $34.1M | Add +3.2% |
| MOAT Vaneck Morningstar Wide Moat | 5.98% | 367,160 | $34.0M | Add +4.3% |
| SCHF Schwab Intl Equity ETF | 4.91% | 1,510,853 | $28.0M | Reduce -7.6% |
| SCHV Schwab US Large-Cap Value | 4.69% | 1,024,087 | $26.7M | Add +23.8% |
| IJR iShares Core S&P Small-Cap E | 3.45% | 170,257 | $19.6M | Add +2.4% |
| IVV iShares Core S&P 500 ETF | 3.11% | 30,052 | $17.7M | Add +21.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.98% | 37,442 | $17.0M | Reduce -1.0% |
| IEF iShares 7-10 Year Treasury B | 2.96% | 182,088 | $16.8M | Add +0.9% |
| IHDG Wisdomtree International Hed | 2.90% | 379,246 | $16.5M | Reduce -13.9% |
| IBDQ iShares Ibonds Dec 2025 Term | 2.83% | 642,571 | $16.1M | Add +4.1% |
| IBDR iShares Ibonds Dec 2026 Term | 2.81% | 664,593 | $16.0M | Add +4.1% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 2.77% | 658,487 | $15.8M | Add +5668.6% |
| SCHY Schwab International DVD ETF | 2.72% | 669,237 | $15.5M | Reduce -20.4% |
| VCIT Vanguard Int-Term Corporate | 2.59% | 183,934 | $14.8M | New |
| AAPL Apple Inc. | 1.92% | 43,751 | $11.0M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 1.43% | 37,177 | $8.2M | Add +88.0% |
| AGG iShares Core U.S. Aggregate | 1.42% | 83,645 | $8.1M | Add +301.1% |
| NVDA Nvidia Corp. | 1.35% | 57,421 | $7.7M | Reduce -3.1% |
| AZO AutoZone Inc. | 1.29% | 2,287 | $7.3M | Reduce -9.1% |
| MSFT Microsoft Corp. | 1.25% | 16,866 | $7.1M | Add +0.6% |
| TOTL SS Doubleline TR Tact ETF | 1.16% | 168,255 | $6.6M | Add +196.7% |
| EFA iShares MSCI Eafe ETF | 1.10% | 82,568 | $6.2M | Add +491.8% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.98% | 13,177 | $5.6M | Reduce -0.5% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.83% | 136,474 | $4.7M | Add +609.5% |
| IMCG iShares Morningstar Mid-Cap | 0.79% | 59,362 | $4.5M | Reduce -0.6% |
| WMT Walmart Inc. | 0.78% | 49,249 | $4.4M | Reduce -1.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.60% | 500 | $3.4M | No change |
| PG The Procter & Gamble Co. | 0.57% | 19,474 | $3.3M | Reduce -0.7% |
| IDXX Idexx Laboratories Inc. | 0.57% | 7,785 | $3.2M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 0.46% | 24,456 | $2.6M | Reduce -0.4% |
| TCHP T Rowe Price Blue Chip Growt | 0.43% | 58,197 | $2.5M | Reduce -1.4% |
| HD Home Depot Inc. | 0.40% | 5,871 | $2.3M | Add +1.7% |
| VGK Vanguard Ftse Europe ETF | 0.39% | 35,006 | $2.2M | Reduce -16.8% |
| FDX FedEx Corp. | 0.39% | 7,845 | $2.2M | Reduce -6.4% |
| JPM JPMorgan Chase & Co. | 0.39% | 9,158 | $2.2M | Add +2.2% |
| JNJ Johnson & Johnson | 0.38% | 14,930 | $2.2M | Reduce -1.7% |
| USIG iShares Broad Usd Investment | 0.34% | 38,475 | $1.9M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.34% | 3,291 | $1.9M | Reduce -2.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.33% | 3,728 | $1.9M | Reduce -0.8% |
| V Visa Inc. Class A | 0.31% | 5,614 | $1.8M | Add +0.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.30% | 14,242 | $1.7M | Reduce -0.3% |
| UNP Union Pacific Corp. | 0.30% | 7,433 | $1.7M | Reduce -3.4% |
| GOOG Alphabet Inc. Class C | 0.29% | 8,545 | $1.6M | Add +0.1% |
| EMR Emerson Electric Co. | 0.28% | 12,751 | $1.6M | Add +2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.26% | 33,785 | $1.5M | Add +3.0% |
| PGR Progressive Corp. | 0.25% | 5,895 | $1.4M | No change |
| JCI Johnson Controls Internation | 0.25% | 17,800 | $1.4M | Add +1.7% |
| DE Deere & Co. | 0.25% | 3,300 | $1.4M | Add +3.1% |
| KO The Coca-Cola Co. | 0.24% | 22,066 | $1.4M | Reduce -1.3% |
| HON Honeywell International Inc. | 0.24% | 6,030 | $1.4M | Add +5.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.24% | 4,654 | $1.3M | No change |
| ROK Rockwell Automation Inc. | 0.23% | 4,544 | $1.3M | Add +17.3% |
| DBEU Xtrackers MSCI Europe Hedged | 0.22% | 30,843 | $1.3M | Reduce -8.7% |
| RTX RTX Corp. | 0.22% | 10,854 | $1.3M | Add +8.0% |
| SCHA Schwab US Small-Cap ETF | 0.21% | 45,500 | $1.2M | Reduce -1.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 5,347 | $1.2M | Reduce -7.3% |
| COST Costco Wholesale Corp. | 0.20% | 1,239 | $1.1M | Reduce -4.8% |
| PEP Pepsico Inc. | 0.20% | 7,419 | $1.1M | Reduce -1.8% |
| VOOG Vanguard S&P 500 Growth ETF | 0.19% | 3,029 | $1.1M | No change |
| OSEA Harbor Intl Compounders ETF | 0.19% | 42,800 | $1.1M | Add +9.9% |
| VFLO Victoryshares Free Cash Flow | 0.19% | 32,415 | $1.1M | Add +44.5% |
| TSCO Tractor Supply Company | 0.19% | 20,450 | $1.1M | Reduce -0.2% |
| MAA Mid-America Apartment Comm | 0.18% | 6,689 | $1.0M | Reduce -9.4% |
| LLY Eli Lilly & Co. | 0.18% | 1,318 | $1.0M | Reduce -0.8% |
| NEE Nextera Energy Inc. | 0.18% | 13,955 | $1.0M | Add +0.0% |
| CNH CNH Industrial NV | 0.17% | 84,000 | $952K | Add +13.5% |
| SCHW Schwab (charles) Corp. | 0.16% | 12,602 | $933K | No change |
| DFUS Dimensional US Eq MKT ETF | 0.16% | 14,345 | $914K | No change |
| VOO Vanguard S&P 500 ETF | 0.16% | 1,683 | $907K | Add +15.8% |
| EXPD Expeditors Intl Wash Inc. | 0.16% | 8,010 | $887K | No change |
| T AT&T Inc. | 0.15% | 38,716 | $882K | Reduce -10.0% |
| VIOG Vanguard S&P SM Cap 600 GRW | 0.15% | 7,546 | $878K | No change |
| IVE iShares S&P 500 Value ETF | 0.15% | 4,495 | $858K | Reduce -5.3% |
| ABBV Abbvie Inc. | 0.15% | 4,827 | $858K | Add +0.0% |
| SCHX Schwab US Large-Cap ETF | 0.14% | 35,475 | $822K | No change |
| ILCG iShares Morningstar Growth E | 0.14% | 9,085 | $814K | No change |
| PNFP Pinnacle Financial Partners | 0.14% | 6,899 | $789K | Reduce -21.8% |
| IMCB iShares Morningstar Mid-Cap | 0.13% | 9,855 | $750K | No change |
| COWZ Pacer US Cash Cows 100 ETF | 0.13% | 12,860 | $726K | No change |
| IJH iShares Core S&P Midcap ETF | 0.13% | 11,438 | $713K | Reduce -1.9% |
| GL Globe Life Inc. | 0.12% | 6,269 | $699K | Reduce -0.1% |
| MA Mastercard Inc. Class A | 0.12% | 1,265 | $666K | No change |
| XLG Invesco S&P 500 Top 50 ETF | 0.12% | 13,115 | $655K | Reduce -1.5% |
| MRK Merck & Co. Inc. | 0.11% | 6,568 | $653K | No change |
| SEIX Virtus Seix Senior Loan ETF | 0.11% | 26,495 | $634K | Add +54.8% |
| FAST Fastenal Co. | 0.11% | 8,688 | $625K | No change |
| PFE Pfizer Inc. | 0.11% | 23,267 | $617K | Add +3.7% |
| ORLY O'reilly Automotive Inc. | 0.10% | 496 | $588K | No change |
| VZ Verizon Communications Inc. | 0.10% | 14,408 | $576K | Add +1.3% |
| ORCL Oracle Corp. | 0.10% | 3,365 | $561K | Reduce -0.6% |
| CVX Chevron Corp. | 0.10% | 3,865 | $560K | No change |
| SCHB Schwab US Broad Market ETF | 0.09% | 23,205 | $527K | No change |
| UPS United Parcel Service Class B | 0.09% | 4,072 | $513K | Reduce -5.8% |
| GOOGL Alphabet Inc. Class A | 0.09% | 2,692 | $510K | No change |
| WFC Wells Fargo & Co. | 0.09% | 7,150 | $502K | No change |
| IVW iShares S&P 500 Growth ETF | 0.08% | 4,697 | $477K | Reduce -10.8% |
| SO The Southern Co. | 0.08% | 5,731 | $472K | Add +0.3% |
| META Meta Platforms Inc. Class A | 0.08% | 804 | $471K | Add +1.0% |
Portfolio Sells Q3 2024 → Q4 2024
| IBDP iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −1.72 |
| VUSB Vanguard Ultra Short Bond Et | Sold out | 0.00% | −0.04 |
| MINT PIMCO Enhanced Short Maturit | Sold out | 0.00% | −0.04 |
| TBBK The Bancorp Inc. | Sold out | 0.00% | −0.03 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.03 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.03 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.03 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.03 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.03 |
| CI The Cigna Group | Sold out | 0.00% | −0.03 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Sold out | 0.00% | −0.02 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.02 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −0.02 |
| SCHO Schwab Short-Term US Treas | Reduce -38.4% | 0.04% | −0.00 |
| PSA Public Storage | Reduce -16.7% | 0.08% | +0.00 |
| DHR Danaher Corp. | Reduce -3.1% | 0.05% | +0.01 |
| D Dominion Energy Inc. | Reduce -7.1% | 0.05% | +0.01 |
| VHT Vanguard Health Care ETF | Reduce -2.4% | 0.05% | +0.01 |
| MMM 3M Co. | Reduce -3.4% | 0.07% | +0.02 |
| ET Energy Transfer LP | Reduce -9.7% | 0.05% | +0.02 |
| CRM Salesforce Inc. | Reduce -2.5% | 0.05% | +0.02 |
| UPS United Parcel Service Class B | Reduce -5.8% | 0.09% | +0.02 |
| CSCO Cisco Systems Inc. | Reduce -0.9% | 0.06% | +0.03 |
| IVW iShares S&P 500 Growth ETF | Reduce -10.8% | 0.08% | +0.03 |
| FHN First Horizon Corp. | Reduce -10.9% | 0.06% | +0.03 |
| EPD Enterprise Products Partners | Reduce -5.3% | 0.08% | +0.03 |
| ORCL Oracle Corp. | Reduce -0.6% | 0.10% | +0.03 |
| PNFP Pinnacle Financial Partners | Reduce -21.8% | 0.14% | +0.04 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.9% | 0.13% | +0.04 |
| XLG Invesco S&P 500 Top 50 ETF | Reduce -1.5% | 0.12% | +0.04 |
| IVE iShares S&P 500 Value ETF | Reduce -5.3% | 0.15% | +0.04 |
| LLY Eli Lilly & Co. | Reduce -0.8% | 0.18% | +0.04 |
| T AT&T Inc. | Reduce -10.0% | 0.15% | +0.05 |
| GL Globe Life Inc. | Reduce -0.1% | 0.12% | +0.05 |
| MAA Mid-America Apartment Comm | Reduce -9.4% | 0.18% | +0.05 |
| VGK Vanguard Ftse Europe ETF | Reduce -16.8% | 0.39% | +0.05 |
| PEP Pepsico Inc. | Reduce -1.8% | 0.20% | +0.05 |
| TSCO Tractor Supply Company | Reduce -0.2% | 0.19% | +0.05 |
| KO The Coca-Cola Co. | Reduce -1.3% | 0.24% | +0.06 |
| DBEU Xtrackers MSCI Europe Hedged | Reduce -8.7% | 0.22% | +0.06 |
| IBM Intl Business Machines Corp. | Reduce -7.3% | 0.21% | +0.06 |
| COST Costco Wholesale Corp. | Reduce -4.8% | 0.20% | +0.07 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.8% | 0.21% | +0.07 |
| UNP Union Pacific Corp. | Reduce -3.4% | 0.30% | +0.08 |
| JNJ Johnson & Johnson | Reduce -1.7% | 0.38% | +0.10 |
| TJX TJX Companies Inc. | Reduce -0.3% | 0.30% | +0.11 |
| IDXX Idexx Laboratories Inc. | Reduce -0.6% | 0.57% | +0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.8% | 0.34% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.8% | 0.33% | +0.13 |
Portfolio Buys Q3 2024 → Q4 2024
| SCHD Schwab US DVD Equity ETF | Add +5.6% | 9.34% | +3.40 |
| SCHG Schwab US Large-Cap Growth | Add +4.3% | 6.71% | +2.80 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +5668.6% | 2.77% | +2.74 |
| VCIT Vanguard Int-Term Corporate | New | 2.59% | +2.59 |
| SCHM Schwab US Mid Cap ETF | Add +3.2% | 5.99% | +2.21 |
| SCHV Schwab US Large-Cap Value | Add +23.8% | 4.69% | +2.16 |
| MOAT Vaneck Morningstar Wide Moat | Add +4.3% | 5.98% | +2.08 |
| IVV iShares Core S&P 500 ETF | Add +21.3% | 3.11% | +1.47 |
| IJR iShares Core S&P Small-Cap E | Add +2.4% | 3.45% | +1.22 |
| AGG iShares Core U.S. Aggregate | Add +301.1% | 1.42% | +1.18 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +4.1% | 2.83% | +1.06 |
| IBDR iShares Ibonds Dec 2026 Term | Add +4.1% | 2.81% | +1.04 |
| AMZN Amazon.com Inc. | Add +88.0% | 1.43% | +1.01 |
| EFA iShares MSCI Eafe ETF | Add +491.8% | 1.10% | +0.96 |
| IEF iShares 7-10 Year Treasury B | Add +0.9% | 2.96% | +0.93 |
| TOTL SS Doubleline TR Tact ETF | Add +196.7% | 1.16% | +0.90 |
| HEFA Isha Curr Hedged MSCI Eafe | Add +609.5% | 0.83% | +0.76 |
| MSFT Microsoft Corp. | Add +0.6% | 1.25% | +0.42 |
| USIG iShares Broad Usd Investment | New | 0.34% | +0.34 |
| JPM JPMorgan Chase & Co. | Add +2.2% | 0.39% | +0.17 |
| V Visa Inc. Class A | Add +0.0% | 0.31% | +0.14 |
| HD Home Depot Inc. | Add +1.7% | 0.40% | +0.13 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.29% | +0.12 |
| EMR Emerson Electric Co. | Add +2.4% | 0.28% | +0.12 |
| BAC Bank of America Corp. | Add +3.0% | 0.26% | +0.11 |
| ROK Rockwell Automation Inc. | Add +17.3% | 0.23% | +0.11 |
| VFLO Victoryshares Free Cash Flow | Add +44.5% | 0.19% | +0.11 |
| HON Honeywell International Inc. | Add +5.2% | 0.24% | +0.10 |
| DE Deere & Co. | Add +3.1% | 0.25% | +0.09 |
| JCI Johnson Controls Internation | Add +1.7% | 0.25% | +0.09 |
| RTX RTX Corp. | Add +8.0% | 0.22% | +0.08 |
| CNH CNH Industrial NV | Add +13.5% | 0.17% | +0.07 |
| BND Vanguard Total Bond Market | New | 0.07% | +0.07 |
| VOO Vanguard S&P 500 ETF | Add +15.8% | 0.16% | +0.07 |
| OSEA Harbor Intl Compounders ETF | Add +9.9% | 0.19% | +0.07 |
| SEIX Virtus Seix Senior Loan ETF | Add +54.8% | 0.11% | +0.06 |
| TXRH Texas Roadhouse Inc. | New | 0.04% | +0.04 |
| ABBV Abbvie Inc. | Add +0.0% | 0.15% | +0.04 |
| TCAF T Rowe PRC Cap Appreciation | New | 0.04% | +0.04 |
| NEE Nextera Energy Inc. | Add +0.0% | 0.18% | +0.04 |
| DIS The Walt Disney Co. | New | 0.04% | +0.04 |
| ENB Enbridge Inc. | New | 0.04% | +0.04 |
| AB Alliancebernstein Holding LP | New | 0.04% | +0.04 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.04% | +0.04 |
| PFE Pfizer Inc. | Add +3.7% | 0.11% | +0.03 |
| FLOT iShares Floating Rate Bond E | Add +26.3% | 0.07% | +0.03 |
| DUK Duke Energy Corp. | Add +25.4% | 0.07% | +0.03 |
| META Meta Platforms Inc. Class A | Add +1.0% | 0.08% | +0.03 |
| VZ Verizon Communications Inc. | Add +1.3% | 0.10% | +0.03 |
| TFC Truist Financial Corp. | Add +0.2% | 0.07% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 183 | $780.4M | SCHD, SCHG, SCHM, SCHF, SCHV |
| Q1 2026 | 172 | $718.8M | SCHD, SCHG, SCHF, SCHM, SCHV |
| Q4 2025 | 171 | $706.7M | SCHD, SCHG, MOAT, SCHF, SCHM |
| Q3 2025 | 170 | $650.4M | SCHD, SCHG, MOAT, SCHF, SCHM |
| Q2 2025 | 171 | $613.8M | SCHD, SCHG, MOAT, SCHM, SCHF |
| Q1 2025 | 166 | $577.7M | SCHD, SCHG, MOAT, SCHM, SCHF |
| Q4 2024 | 161 | $569.2M | SCHD, SCHG, SCHM, MOAT, SCHF |
| Q3 2024 | 166 | $874.6M | BRK.A, SCHD, SCHG, MOAT, SCHF |
| Q2 2024 | 156 | $846.8M | BRK.A, SCHD, SCHG, SCHM, SCHF |
| Q1 2024 | 158 | $843.0M | BRK.A, SCHD, SCHM, SCHG, SCHF |