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

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 Q3 2024 Q4 2024: $569.2M $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 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%
VTV Vanguard Mrngstr Val ETF-Aui 0.08% 2,776 $470K No change
RY Royal Bank of Canada 0.08% 3,845 $463K No change
IWB iShares Russell 1000 ETF 0.08% 1,424 $459K No change
EPD Enterprise Products Partners 0.08% 14,481 $454K Reduce -5.3%
BMY Bristol-Myers Squibb Co. 0.08% 7,912 $448K No change
ABT Abbott Laboratories 0.08% 3,919 $443K No change
VXUS Vanguard Total Intl Stock 0.08% 7,385 $435K No change
PSA Public Storage 0.08% 1,433 $429K Reduce -16.7%
CP Canadian Pacific Kansas City 0.08% 5,906 $427K No change
DUK Duke Energy Corp. 0.07% 3,955 $426K Add +25.4%
MDY State Street SPDR S&P Midcap 0.07% 748 $426K No change
MCD McDonald's Corp. 0.07% 1,460 $423K Add +0.1%
BND Vanguard Total Bond Market 0.07% 5,742 $413K New
ILCV iShares Morningstar Value Et 0.07% 5,090 $412K No change
GD General Dynamics Corp. 0.07% 1,543 $407K No change
TFC Truist Financial Corp. 0.07% 9,207 $399K Add +0.2%
FLOT iShares Floating Rate Bond E 0.07% 7,783 $396K Add +26.3%
AXP American Express Co. 0.07% 1,315 $390K No change
MMM 3M Co. 0.07% 2,882 $372K Reduce -3.4%
CCK Crown Holdings Inc. 0.07% 4,494 $372K No change
DFUV Dimensional US Marketwide Va 0.06% 8,923 $365K Add +0.4%
FHN First Horizon Corp. 0.06% 17,667 $356K Reduce -10.9%
CSCO Cisco Systems Inc. 0.06% 5,908 $350K Reduce -0.9%
DFAS Dimensional US Small Cap ETF 0.06% 5,217 $340K No change
ADP Automatic Data Processing 0.06% 1,137 $333K No change
IMCV iShares Morningstar Mid-Cap 0.06% 4,476 $332K No change
VIG Vanguard Dividend Apprec ETF 0.06% 1,689 $331K No change
WEC WEC Energy Group Inc. 0.06% 3,335 $314K No change
MDLZ Mondelez International Inc. Class A 0.05% 5,199 $311K Add +3.0%
BKNG Booking Holdings Inc. 0.05% 62 $308K No change
VHT Vanguard Health Care ETF 0.05% 1,207 $306K Reduce -2.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.05% 1,500 $297K No change
PM Philip Morris International 0.05% 2,373 $286K Add +0.1%
D Dominion Energy Inc. 0.05% 5,044 $272K Reduce -7.1%
WM Waste Management Inc. 0.05% 1,343 $271K No change
TXN Texas Instruments Inc. 0.05% 1,435 $269K No change
KMX Carmax Inc. 0.05% 3,285 $269K No change
ET Energy Transfer LP 0.05% 13,645 $267K Reduce -9.7%
ETR Entergy Corp. 0.05% 3,500 $265K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.05% 1,002 $265K No change
CRM Salesforce Inc. 0.05% 786 $263K Reduce -2.5%
DHR Danaher Corp. 0.05% 1,142 $262K Reduce -3.1%
VTEB Vanguard Tax-Exempt Bond ETF 0.05% 5,155 $258K No change
SCHO Schwab Short-Term US Treas 0.04% 10,298 $248K Reduce -38.4%
ACLC American Century Large Cap E 0.04% 3,510 $248K No change
TMUS T-Mobile US Inc. 0.04% 1,120 $247K No change
TXRH Texas Roadhouse Inc. 0.04% 1,352 $244K New
VFH Vanguard Financials ETF 0.04% 2,024 $239K Add +0.6%
TCAF T Rowe PRC Cap Appreciation 0.04% 7,061 $235K New
CACC Credit Acceptance Corp. 0.04% 484 $227K No change
CSX CSX Corp. 0.04% 6,933 $224K Add +0.2%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.04% 1,050 $223K No change
ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU 0.04% 3,900 $219K No change
PSX Phillips 66 0.04% 1,873 $213K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 1,905 $212K New
ENB Enbridge Inc. 0.04% 4,830 $205K New
AB Alliancebernstein Holding LP 0.04% 5,450 $202K New
GBTC Grayscale Bitcoin Trust ETF 0.04% 2,725 $202K New
ICLN iShares Global Clean Energy 0.02% 10,658 $121K No change
WEST Westrock Coffee Co. 0.01% 13,271 $85K No change
STXS Stereotaxis Inc. 0.01% 18,700 $43K No change

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

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