Summit Asset Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Summit Asset Management, LLC reported 166 stock positions worth $577.7 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 9.5% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 5.9%) and Vaneck Morningstar Wide Moat (MOAT, 5.7%). Compared with Q4 2024, it opened 8 new positions, sold out of 3, added to 61 and reduced 31. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +1%) and the biggest sale Schwab US Large-Cap Growth (SCHG, shares −0%).

Most Recent 13F
Q2 2026
Location
MEMPHIS, TN
CIK
0001509974
Portfolio Value
$577.7M (Q1 2025)
SEC Filing
0001398344-25-008723 ↗ filed May 6, 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 Q4 2024 Q1 2025: $577.7M $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 · $577.7M
SCHD Schwab US DVD Equity ETF 9.49% 1,960,336 $54.8M Add +0.7%
SCHG Schwab US Large-Cap Growth 5.94% 1,369,927 $34.3M Reduce 0.0%
MOAT Vaneck Morningstar Wide Moat 5.68% 372,994 $32.8M Add +1.6%
SCHM Schwab US Mid Cap ETF 5.63% 1,242,188 $32.5M Add +1.0%
SCHF Schwab Intl Equity ETF 5.30% 1,547,835 $30.6M Add +2.5%
SCHV Schwab US Large-Cap Value 4.81% 1,046,391 $27.8M Add +2.2%
BRK.B Berkshire Hathaway Inc. Class B 3.48% 37,799 $20.1M Add +0.9%
IJR iShares Core S&P Small-Cap E 3.12% 172,358 $18.0M Add +1.2%
IEF iShares 7-10 Year Treasury B 3.11% 188,324 $18.0M Add +3.4%
IVV iShares Core S&P 500 ETF 2.92% 30,073 $16.9M Add +0.1%
SCHY Schwab International DVD ETF 2.89% 657,766 $16.7M Reduce -1.7%
IHDG Wisdomtree International Hed 2.85% 379,812 $16.5M Add +0.1%
IBDQ iShares Ibonds Dec 2025 Term 2.85% 655,414 $16.5M Add +2.0%
IBDR iShares Ibonds Dec 2026 Term 2.85% 679,379 $16.4M Add +2.2%
IBDS Ishrs Ibnds Dec 27 Corp. ETF 2.81% 672,494 $16.3M Add +2.1%
VCIT Vanguard Int-Term Corporate 2.72% 192,143 $15.7M Add +4.5%
AAPL Apple Inc. 1.72% 44,792 $9.9M Add +2.4%
AGG iShares Core U.S. Aggregate 1.47% 86,131 $8.5M Add +3.0%
AZO AutoZone Inc. 1.46% 2,217 $8.5M Reduce -3.1%
AMZN Amazon.com Inc. 1.19% 36,047 $6.9M Reduce -3.0%
TOTL SS Doubleline TR Tact ETF 1.18% 168,975 $6.8M Add +0.4%
EFA iShares MSCI Eafe ETF 1.17% 82,568 $6.7M No change
MSFT Microsoft Corp. 1.16% 17,844 $6.7M Add +5.8%
NVDA Nvidia Corp. 1.11% 59,149 $6.4M Add +3.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.95% 13,095 $5.5M Reduce -0.6%
HEFA Isha Curr Hedged MSCI Eafe 0.86% 136,474 $5.0M No change
WMT Walmart Inc. 0.74% 48,947 $4.3M Reduce -0.6%
IMCG iShares Morningstar Mid-Cap 0.73% 59,265 $4.2M Reduce -0.2%
BRK.A Berkshire Hathaway Inc. Class A 0.69% 5 $4.0M Reduce -99.0%
PG The Procter & Gamble Co. 0.57% 19,298 $3.3M Reduce -0.9%
IDXX Idexx Laboratories Inc. 0.57% 7,785 $3.3M No change
XOM Exxon Mobil Corp. 0.55% 26,700 $3.2M Add +9.2%
JNJ Johnson & Johnson 0.45% 15,582 $2.6M Add +4.4%
JPM JPMorgan Chase & Co. 0.44% 10,458 $2.6M Add +14.2%
HD Home Depot Inc. 0.44% 6,858 $2.5M Add +16.8%
RTX RTX Corp. 0.41% 17,916 $2.4M Add +65.1%
TCHP T Rowe Price Blue Chip Growt 0.38% 58,147 $2.2M Reduce -0.1%
VGK Vanguard Ftse Europe ETF 0.36% 29,413 $2.1M Reduce -16.0%
V Visa Inc. Class A 0.34% 5,614 $2.0M No change
USIG iShares Broad Usd Investment 0.34% 37,919 $1.9M Reduce -1.4%
FDX FedEx Corp. 0.33% 7,861 $1.9M Add +0.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.32% 14,968 $1.8M Add +5.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.31% 3,214 $1.8M Reduce -2.3%
HON Honeywell International Inc. 0.31% 8,430 $1.8M Add +39.8%
QQQ Invesco QQQ Trust Series 1 0.31% 3,773 $1.8M Add +1.2%
UNP Union Pacific Corp. 0.30% 7,436 $1.8M Add +0.0%
EMR Emerson Electric Co. 0.30% 15,751 $1.7M Add +23.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.29% 40,786 $1.7M Add +20.7%
PGR Progressive Corp. 0.29% 5,895 $1.7M No change
JCI Johnson Controls Internation 0.27% 19,800 $1.6M Add +11.2%
KO The Coca-Cola Co. 0.27% 22,066 $1.6M No change
DE Deere & Co. 0.27% 3,300 $1.5M No change
GOOG Alphabet Inc. Class C 0.23% 8,600 $1.3M Add +0.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.23% 5,347 $1.3M No change
DBEU Xtrackers MSCI Europe Hedged 0.23% 30,052 $1.3M Reduce -2.6%
ROK Rockwell Automation Inc. 0.23% 5,044 $1.3M Add +11.0%
VTI VG Morningstar TS MKT ETF-US 0.22% 4,654 $1.3M No change
T AT&T Inc. 0.22% 44,855 $1.3M Add +15.9%
VFLO Victoryshares Free Cash Flow 0.21% 34,610 $1.2M Add +6.8%
COST Costco Wholesale Corp. 0.20% 1,245 $1.2M Add +0.5%
LLY Eli Lilly & Co. 0.20% 1,408 $1.2M Add +6.8%
OSEA Harbor Intl Compounders ETF 0.20% 43,350 $1.2M Add +1.3%
TSCO Tractor Supply Company 0.20% 20,450 $1.1M No change
MAA Mid-America Apartment Comm 0.19% 6,693 $1.1M Add +0.1%
PEP Pepsico Inc. 0.19% 7,419 $1.1M No change
CNH CNH Industrial NV 0.19% 90,000 $1.1M Add +7.1%
VOOG Vanguard S&P 500 Growth ETF 0.18% 3,029 $1.0M No change
ABBV Abbvie Inc. 0.18% 4,828 $1.0M Add +0.0%
NEE Nextera Energy Inc. 0.17% 13,961 $990K Add +0.0%
SCHW Schwab (charles) Corp. 0.17% 12,602 $986K No change
EXPD Expeditors Intl Wash Inc. 0.17% 8,010 $963K No change
SCHA Schwab US Small-Cap ETF 0.16% 39,438 $924K Reduce -13.3%
DFUS Dimensional US Eq MKT ETF 0.15% 14,345 $868K No change
VOO Vanguard S&P 500 ETF 0.15% 1,683 $865K No change
IVE iShares S&P 500 Value ETF 0.15% 4,478 $853K Reduce -0.4%
VIOG Vanguard S&P SM Cap 600 GRW 0.14% 7,546 $807K No change
GL Globe Life Inc. 0.14% 6,011 $792K Reduce -4.1%
SCHX Schwab US Large-Cap ETF 0.14% 35,475 $783K No change
CVX Chevron Corp. 0.13% 4,504 $754K Add +16.5%
ILCG iShares Morningstar Growth E 0.13% 9,085 $736K No change
PNFP Pinnacle Financial Partners 0.13% 6,900 $732K Add +0.0%
IMCB iShares Morningstar Mid-Cap 0.13% 9,855 $730K No change
ORLY O'reilly Automotive Inc. 0.12% 496 $711K No change
COWZ Pacer US Cash Cows 100 ETF 0.12% 12,860 $704K No change
MA Mastercard Inc. Class A 0.12% 1,265 $693K No change
FAST Fastenal Co. 0.12% 8,688 $674K No change
VZ Verizon Communications Inc. 0.11% 14,308 $649K Reduce -0.7%
IJH iShares Core S&P Midcap ETF 0.11% 11,016 $643K Reduce -3.7%
SEIX Virtus Seix Senior Loan ETF 0.11% 26,109 $616K Reduce -1.5%
XLG Invesco S&P 500 Top 50 ETF 0.10% 13,115 $604K No change
BMY Bristol-Myers Squibb Co. 0.10% 9,695 $591K Add +22.5%
PFE Pfizer Inc. 0.10% 23,267 $590K No change
MRK Merck & Co. Inc. 0.10% 6,568 $590K No change
SO The Southern Co. 0.09% 5,746 $528K Add +0.3%
EPD Enterprise Products Partners 0.09% 15,439 $527K Add +6.6%
ABT Abbott Laboratories 0.09% 3,919 $520K No change
SCHB Schwab US Broad Market ETF 0.09% 23,958 $516K Add +3.2%
WFC Wells Fargo & Co. 0.09% 7,150 $513K No change
ORCL Oracle Corp. 0.08% 3,366 $471K Add +0.0%
META Meta Platforms Inc. Class A 0.08% 804 $463K No change

Show all 166 holdings

Portfolio Sells Q4 2024 → Q1 2025
SCHG Schwab US Large-Cap Growth Reduce 0.0% 5.94% −0.77
AMZN Amazon.com Inc. Reduce -3.0% 1.19% −0.25
IMCG iShares Morningstar Mid-Cap Reduce -0.2% 0.73% −0.05
TCHP T Rowe Price Blue Chip Growt Reduce -0.1% 0.38% −0.05
ET Energy Transfer LP Sold out 0.00% −0.05
SCHA Schwab US Small-Cap ETF Reduce -13.3% 0.16% −0.05
WMT Walmart Inc. Reduce -0.6% 0.74% −0.04
DIS The Walt Disney Co. Sold out 0.00% −0.04
GBTC Grayscale Bitcoin Trust ETF Sold out 0.00% −0.04
DIA SS SPDR Dow Jones Indus Avg Reduce -0.6% 0.95% −0.03
VGK Vanguard Ftse Europe ETF Reduce -16.0% 0.36% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.3% 0.31% −0.03
DFAS Dimensional US Small Cap ETF Reduce -17.5% 0.04% −0.02
IJH iShares Core S&P Midcap ETF Reduce -3.7% 0.11% −0.01
UPS United Parcel Service Class B Reduce -1.1% 0.08% −0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -17.4% 0.04% −0.01
DUK Duke Energy Corp. Reduce -20.2% 0.07% −0.01
FLOT iShares Floating Rate Bond E Reduce -10.1% 0.06% −0.01
SEIX Virtus Seix Senior Loan ETF Reduce -1.5% 0.11% −0.00
USIG iShares Broad Usd Investment Reduce -1.4% 0.34% −0.00
BND Vanguard Total Bond Market Reduce -6.8% 0.07% −0.00
PG The Procter & Gamble Co. Reduce -0.9% 0.57% −0.00
TXN Texas Instruments Inc. Reduce -1.1% 0.04% −0.00
IVE iShares S&P 500 Value ETF Reduce -0.4% 0.15% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -4.0% 0.08% −0.00
TCAF T Rowe PRC Cap Appreciation Reduce -1.1% 0.04% −0.00
D Dominion Energy Inc. Reduce -1.8% 0.05% +0.00
VHT Vanguard Health Care ETF Reduce -1.5% 0.05% +0.00
DBEU Xtrackers MSCI Europe Hedged Reduce -2.6% 0.23% +0.01
VZ Verizon Communications Inc. Reduce -0.7% 0.11% +0.01
GL Globe Life Inc. Reduce -4.1% 0.14% +0.01
BRK.A Berkshire Hathaway Inc. Class A Reduce -99.0% 0.69% +0.09
SCHY Schwab International DVD ETF Reduce -1.7% 2.89% +0.17
AZO AutoZone Inc. Reduce -3.1% 1.46% +0.18

Portfolio Buys Q4 2024 → Q1 2025
BRK.B Berkshire Hathaway Inc. Class B Add +0.9% 3.48% +0.50
SCHF Schwab Intl Equity ETF Add +2.5% 5.30% +0.39
RTX RTX Corp. Add +65.1% 0.41% +0.19
IEF iShares 7-10 Year Treasury B Add +3.4% 3.11% +0.15
SCHD Schwab US DVD Equity ETF Add +0.7% 9.49% +0.15
VCIT Vanguard Int-Term Corporate Add +4.5% 2.72% +0.13
SCHV Schwab US Large-Cap Value Add +2.2% 4.81% +0.12
XOM Exxon Mobil Corp. Add +9.2% 0.55% +0.09
HON Honeywell International Inc. Add +39.8% 0.31% +0.07
UDEC Innovator U.S. Equity Ultra New 0.07% +0.07
JNJ Johnson & Johnson Add +4.4% 0.45% +0.07
T AT&T Inc. Add +15.9% 0.22% +0.06
JPM JPMorgan Chase & Co. Add +14.2% 0.44% +0.06
AGG iShares Core U.S. Aggregate Add +3.0% 1.47% +0.05
IBDS Ishrs Ibnds Dec 27 Corp. ETF Add +2.1% 2.81% +0.04
CVS CVS Health Corp. New 0.04% +0.04
AMT American Tower Corp. New 0.04% +0.04
CME Cme Group Inc. New 0.04% +0.04
CI The Cigna Group New 0.04% +0.04
WCN Waste Connections Inc. New 0.04% +0.04
IBDR iShares Ibonds Dec 2026 Term Add +2.2% 2.85% +0.04
DVY iShares Select Dividend ETF New 0.03% +0.03
SDY SS SPDR S&P Dividend ETF New 0.03% +0.03
HD Home Depot Inc. Add +16.8% 0.44% +0.03
BAC Bank of America Corp. Add +20.7% 0.29% +0.03
CVX Chevron Corp. Add +16.5% 0.13% +0.03
JCI Johnson Controls Internation Add +11.2% 0.27% +0.03
IBDQ iShares Ibonds Dec 2025 Term Add +2.0% 2.85% +0.03
ABBV Abbvie Inc. Add +0.0% 0.18% +0.02
CNH CNH Industrial NV Add +7.1% 0.19% +0.02
BMY Bristol-Myers Squibb Co. Add +22.5% 0.10% +0.02
WM Waste Management Inc. Add +30.8% 0.07% +0.02
LLY Eli Lilly & Co. Add +6.8% 0.20% +0.02
EMR Emerson Electric Co. Add +23.5% 0.30% +0.02
PM Philip Morris International Add +0.1% 0.07% +0.02
TOTL SS Doubleline TR Tact ETF Add +0.4% 1.18% +0.01
TJX TJX Companies Inc. Add +5.1% 0.32% +0.01
MAA Mid-America Apartment Comm Add +0.1% 0.19% +0.01
EPD Enterprise Products Partners Add +6.6% 0.09% +0.01
VFLO Victoryshares Free Cash Flow Add +6.8% 0.21% +0.01
SO The Southern Co. Add +0.3% 0.09% +0.01
SCHO Schwab Short-Term US Treas Add +19.1% 0.05% +0.01
UNP Union Pacific Corp. Add +0.0% 0.30% +0.01
OSEA Harbor Intl Compounders ETF Add +1.3% 0.20% +0.00
MCD McDonald's Corp. Add +0.1% 0.08% +0.00
COST Costco Wholesale Corp. Add +0.5% 0.20% +0.00
PSX Phillips 66 Add +0.1% 0.04% +0.00
DFUV Dimensional US Marketwide Va Add +0.4% 0.06% −0.00
FHN First Horizon Corp. Add +4.5% 0.06% −0.00
STXS Stereotaxis Inc. Add +5.3% 0.01% −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