Summit Asset Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Summit Asset Management, LLC reported 171 stock positions worth $613.8 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 8.5% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 6.5%) and Vaneck Morningstar Wide Moat (MOAT, 5.7%). Compared with Q1 2025, it opened 8 new positions, sold out of 3, added to 74 and reduced 47. The biggest buy was Schwab US Large-Cap Growth (SCHG, shares +0%) and the biggest sale AutoZone (AZO, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001509974
- Portfolio Value
- $613.8M (Q2 2025)
- SEC Filing
- 0001398344-25-014658 ↗ filed Aug 7, 2025
Holdings Value
Holdings 171 stocks · $613.8M
| SCHD Schwab US DVD Equity ETF | 8.52% | 1,973,901 | $52.3M | Add +0.7% |
| SCHG Schwab US Large-Cap Growth | 6.54% | 1,374,580 | $40.2M | Add +0.3% |
| MOAT Vaneck Morningstar Wide Moat | 5.73% | 375,034 | $35.2M | Add +0.6% |
| SCHM Schwab US Mid Cap ETF | 5.69% | 1,244,807 | $34.9M | Add +0.2% |
| SCHF Schwab Intl Equity ETF | 5.66% | 1,572,175 | $34.7M | Add +1.6% |
| SCHV Schwab US Large-Cap Value | 4.81% | 1,067,441 | $29.5M | Add +2.0% |
| IVV iShares Core S&P 500 ETF | 3.13% | 30,953 | $19.2M | Add +2.9% |
| IJR iShares Core S&P Small-Cap E | 3.08% | 173,199 | $18.9M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.04% | 38,449 | $18.7M | Add +1.7% |
| IEF iShares 7-10 Year Treasury B | 2.99% | 191,791 | $18.4M | Add +1.8% |
| SCHY Schwab International DVD ETF | 2.95% | 660,984 | $18.1M | Add +0.5% |
| IHDG Wisdomtree International Hed | 2.80% | 381,721 | $17.2M | Add +0.5% |
| IBDR iShares Ibonds Dec 2026 Term | 2.72% | 688,575 | $16.7M | Add +1.4% |
| IBDQ iShares Ibonds Dec 2025 Term | 2.72% | 662,035 | $16.7M | Add +1.0% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 2.71% | 685,568 | $16.6M | Add +1.9% |
| VCIT Vanguard Int-Term Corporate | 2.60% | 192,260 | $15.9M | Add +0.1% |
| NVDA Nvidia Corp. | 1.55% | 60,342 | $9.5M | Add +2.0% |
| MSFT Microsoft Corp. | 1.52% | 18,778 | $9.3M | Add +5.2% |
| AAPL Apple Inc. | 1.50% | 44,844 | $9.2M | Add +0.1% |
| AGG iShares Core U.S. Aggregate | 1.41% | 87,231 | $8.7M | Add +1.3% |
| AMZN Amazon.com Inc. | 1.28% | 35,945 | $7.9M | Reduce -0.3% |
| AZO AutoZone Inc. | 1.26% | 2,091 | $7.8M | Reduce -5.7% |
| EFA iShares MSCI Eafe ETF | 1.24% | 85,224 | $7.6M | Add +3.2% |
| TOTL SS Doubleline TR Tact ETF | 1.11% | 169,644 | $6.8M | Add +0.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.93% | 12,968 | $5.7M | Reduce -1.0% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.84% | 135,870 | $5.2M | Reduce -0.4% |
| WMT Walmart Inc. | 0.77% | 48,489 | $4.7M | Reduce -0.9% |
| IMCG iShares Morningstar Mid-Cap | 0.77% | 58,989 | $4.7M | Reduce -0.5% |
| IDXX Idexx Laboratories Inc. | 0.68% | 7,785 | $4.2M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.59% | 5 | $3.6M | No change |
| JPM JPMorgan Chase & Co. | 0.55% | 11,595 | $3.4M | Add +10.9% |
| PG The Procter & Gamble Co. | 0.47% | 18,157 | $2.9M | Reduce -5.9% |
| RTX RTX Corp. | 0.46% | 19,479 | $2.8M | Add +8.7% |
| HD Home Depot Inc. | 0.46% | 7,711 | $2.8M | Add +12.4% |
| XOM Exxon Mobil Corp. | 0.44% | 25,132 | $2.7M | Reduce -5.9% |
| TCHP T Rowe Price Blue Chip Growt | 0.41% | 56,047 | $2.5M | Reduce -3.6% |
| EMR Emerson Electric Co. | 0.37% | 17,151 | $2.3M | Add +8.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.36% | 46,597 | $2.2M | Add +14.3% |
| JCI Johnson Controls Internation | 0.36% | 20,800 | $2.2M | Add +5.0% |
| JNJ Johnson & Johnson | 0.36% | 14,375 | $2.2M | Reduce -7.8% |
| VGK Vanguard Ftse Europe ETF | 0.36% | 28,263 | $2.2M | Reduce -3.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.34% | 3,751 | $2.1M | Reduce -0.6% |
| HON Honeywell International Inc. | 0.33% | 8,716 | $2.0M | Add +3.4% |
| USIG iShares Broad Usd Investment | 0.32% | 37,919 | $2.0M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 3,145 | $1.9M | Reduce -2.1% |
| DE Deere & Co. | 0.32% | 3,803 | $1.9M | Add +15.2% |
| VFLO Victoryshares Free Cash Flow | 0.31% | 53,810 | $1.9M | Add +55.5% |
| V Visa Inc. Class A | 0.31% | 5,290 | $1.9M | Reduce -5.8% |
| ROK Rockwell Automation Inc. | 0.31% | 5,644 | $1.9M | Add +11.9% |
| FDX FedEx Corp. | 0.29% | 7,854 | $1.8M | Reduce -0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.29% | 14,343 | $1.8M | Reduce -4.2% |
| GOOG Alphabet Inc. Class C | 0.29% | 9,910 | $1.8M | Add +15.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 5,347 | $1.6M | No change |
| PGR Progressive Corp. | 0.26% | 5,895 | $1.6M | No change |
| UNP Union Pacific Corp. | 0.25% | 6,735 | $1.5M | Reduce -9.4% |
| KO The Coca-Cola Co. | 0.24% | 21,103 | $1.5M | Reduce -4.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.23% | 4,654 | $1.4M | No change |
| DBEU Xtrackers MSCI Europe Hedged | 0.22% | 30,052 | $1.3M | No change |
| T AT&T Inc. | 0.22% | 45,758 | $1.3M | Add +2.0% |
| OSEA Harbor Intl Compounders ETF | 0.21% | 44,125 | $1.3M | Add +1.8% |
| CNH CNH Industrial NV | 0.21% | 98,000 | $1.3M | Add +8.9% |
| COST Costco Wholesale Corp. | 0.20% | 1,247 | $1.2M | Add +0.2% |
| VOOG Vanguard S&P 500 Growth ETF | 0.20% | 3,029 | $1.2M | No change |
| FPI Farmland Partners Inc. | 0.18% | 97,465 | $1.1M | New |
| SCHW Schwab (charles) Corp. | 0.18% | 12,002 | $1.1M | Reduce -4.8% |
| LLY Eli Lilly & Co. | 0.18% | 1,394 | $1.1M | Reduce -1.0% |
| TSCO Tractor Supply Company | 0.18% | 20,500 | $1.1M | Add +0.2% |
| SCHA Schwab US Small-Cap ETF | 0.17% | 40,119 | $1.0M | Add +1.7% |
| DFUS Dimensional US Eq MKT ETF | 0.16% | 14,345 | $961K | No change |
| VOO Vanguard S&P 500 ETF | 0.16% | 1,683 | $956K | No change |
| PEP Pepsico Inc. | 0.15% | 7,201 | $951K | Reduce -2.9% |
| EXPD Expeditors Intl Wash Inc. | 0.15% | 8,010 | $915K | No change |
| NEE Nextera Energy Inc. | 0.15% | 13,000 | $902K | Reduce -6.9% |
| ABBV Abbvie Inc. | 0.15% | 4,857 | $902K | Add +0.6% |
| SCHX Schwab US Large-Cap ETF | 0.14% | 35,475 | $867K | No change |
| IVE iShares S&P 500 Value ETF | 0.14% | 4,425 | $865K | Reduce -1.2% |
| VIOG Vanguard S&P SM Cap 600 GRW | 0.14% | 7,546 | $863K | No change |
| ILCG iShares Morningstar Growth E | 0.13% | 8,285 | $803K | Reduce -8.8% |
| IMCB iShares Morningstar Mid-Cap | 0.13% | 9,855 | $785K | No change |
| MAA Mid-America Apartment Comm | 0.13% | 5,243 | $776K | Reduce -21.7% |
| PNFP Pinnacle Financial Partners | 0.12% | 6,900 | $762K | No change |
| GL Globe Life Inc. | 0.12% | 6,014 | $747K | Add +0.1% |
| ORCL Oracle Corp. | 0.12% | 3,409 | $745K | Add +1.3% |
| MA Mastercard Inc. Class A | 0.12% | 1,288 | $724K | Add +1.8% |
| CVX Chevron Corp. | 0.11% | 4,804 | $688K | Add +6.7% |
| XLG Invesco S&P 500 Top 50 ETF | 0.11% | 13,090 | $682K | Reduce -0.2% |
| IJH iShares Core S&P Midcap ETF | 0.11% | 10,964 | $680K | Reduce -0.5% |
| ORLY O'reilly Automotive Inc. | 0.11% | 7,440 | $671K | No change |
| FAST Fastenal Co. | 0.11% | 15,376 | $646K | Reduce -11.5% |
| SO The Southern Co. | 0.10% | 6,995 | $642K | Add +21.7% |
| VZ Verizon Communications Inc. | 0.10% | 14,686 | $635K | Add +2.6% |
| META Meta Platforms Inc. Class A | 0.10% | 852 | $629K | Add +6.0% |
| MDY State Street SPDR S&P Midcap | 0.10% | 1,108 | $628K | Add +48.1% |
| WFC Wells Fargo & Co. | 0.10% | 7,695 | $617K | Add +7.6% |
| SCHB Schwab US Broad Market ETF | 0.10% | 24,625 | $587K | Add +2.8% |
| PFE Pfizer Inc. | 0.10% | 24,115 | $585K | Add +3.6% |
| NREF Nexpoint Real Estate Finance | 0.09% | 40,083 | $553K | New |
| GOOGL Alphabet Inc. Class A | 0.09% | 3,006 | $530K | Add +11.7% |
| ABT Abbott Laboratories | 0.09% | 3,894 | $530K | Reduce -0.6% |
| IVW iShares S&P 500 Growth ETF | 0.08% | 4,646 | $512K | Reduce -1.1% |
Portfolio Sells Q1 2025 → Q2 2025
| AZO AutoZone Inc. | Reduce -5.7% | 1.26% | −0.20 |
| XOM Exxon Mobil Corp. | Reduce -5.9% | 0.44% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -5.9% | 0.47% | −0.10 |
| JNJ Johnson & Johnson | Reduce -7.8% | 0.36% | −0.09 |
| MAA Mid-America Apartment Comm | Reduce -21.7% | 0.13% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Reduce -31.3% | 0.05% | −0.05 |
| UNP Union Pacific Corp. | Reduce -9.4% | 0.25% | −0.05 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.04 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -30.1% | 0.08% | −0.04 |
| FDX FedEx Corp. | Reduce -0.1% | 0.29% | −0.04 |
| PEP Pepsico Inc. | Reduce -2.9% | 0.15% | −0.04 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −0.03 |
| V Visa Inc. Class A | Reduce -5.8% | 0.31% | −0.03 |
| PSA Public Storage | Reduce -40.0% | 0.04% | −0.03 |
| KO The Coca-Cola Co. | Reduce -4.4% | 0.24% | −0.03 |
| EPD Enterprise Products Partners | Reduce -18.8% | 0.06% | −0.03 |
| SEIX Virtus Seix Senior Loan ETF | Reduce -21.3% | 0.08% | −0.03 |
| TJX TJX Companies Inc. | Reduce -4.2% | 0.29% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -1.0% | 0.18% | −0.02 |
| NEE Nextera Energy Inc. | Reduce -6.9% | 0.15% | −0.02 |
| ICLN iShares Global Clean Energy | Sold out | 0.00% | −0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -1.0% | 0.93% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -3.0% | 0.08% | −0.02 |
| WM Waste Management Inc. | Reduce -20.6% | 0.05% | −0.02 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -0.4% | 0.84% | −0.02 |
| D Dominion Energy Inc. | Reduce -24.5% | 0.03% | −0.01 |
| UPS United Parcel Service Class B | Reduce -5.0% | 0.06% | −0.01 |
| FAST Fastenal Co. | Reduce -11.5% | 0.11% | −0.01 |
| SCHO Schwab Short-Term US Treas | Reduce -13.3% | 0.04% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -7.5% | 0.07% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -1.2% | 0.14% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -4.7% | 0.05% | −0.01 |
| FLOT iShares Floating Rate Bond E | Reduce -4.0% | 0.06% | −0.01 |
| UDEC Innovator U.S. Equity Ultra | Reduce -8.3% | 0.06% | −0.01 |
| IMCV iShares Morningstar Mid-Cap | Reduce -5.8% | 0.05% | −0.01 |
| MMM 3M Co. | Reduce -2.9% | 0.07% | −0.00 |
| ABT Abbott Laboratories | Reduce -0.6% | 0.09% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -4.0% | 0.04% | −0.00 |
| VGK Vanguard Ftse Europe ETF | Reduce -3.9% | 0.36% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.5% | 0.11% | −0.00 |
| ILCG iShares Morningstar Growth E | Reduce -8.8% | 0.13% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.1% | 0.32% | +0.01 |
| XLG Invesco S&P 500 Top 50 ETF | Reduce -0.2% | 0.11% | +0.01 |
| SCHW Schwab (charles) Corp. | Reduce -4.8% | 0.18% | +0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.1% | 0.08% | +0.01 |
| WMT Walmart Inc. | Reduce -0.9% | 0.77% | +0.03 |
| TCHP T Rowe Price Blue Chip Growt | Reduce -3.6% | 0.41% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.6% | 0.34% | +0.03 |
| IMCG iShares Morningstar Mid-Cap | Reduce -0.5% | 0.77% | +0.04 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 1.28% | +0.10 |
Portfolio Buys Q1 2025 → Q2 2025
| SCHG Schwab US Large-Cap Growth | Add +0.3% | 6.54% | +0.60 |
| NVDA Nvidia Corp. | Add +2.0% | 1.55% | +0.44 |
| MSFT Microsoft Corp. | Add +5.2% | 1.52% | +0.36 |
| SCHF Schwab Intl Equity ETF | Add +1.6% | 5.66% | +0.36 |
| IVV iShares Core S&P 500 ETF | Add +2.9% | 3.13% | +0.21 |
| FPI Farmland Partners Inc. | New | 0.18% | +0.18 |
| VFLO Victoryshares Free Cash Flow | Add +55.5% | 0.31% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +10.9% | 0.55% | +0.10 |
| NREF Nexpoint Real Estate Finance | New | 0.09% | +0.09 |
| JCI Johnson Controls Internation | Add +5.0% | 0.36% | +0.08 |
| ROK Rockwell Automation Inc. | Add +11.9% | 0.31% | +0.08 |
| EMR Emerson Electric Co. | Add +8.9% | 0.37% | +0.07 |
| EFA iShares MSCI Eafe ETF | Add +3.2% | 1.24% | +0.07 |
| BAC Bank of America Corp. | Add +14.3% | 0.36% | +0.06 |
| SCHY Schwab International DVD ETF | Add +0.5% | 2.95% | +0.06 |
| SCHM Schwab US Mid Cap ETF | Add +0.2% | 5.69% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +15.2% | 0.29% | +0.05 |
| RTX RTX Corp. | Add +8.7% | 0.46% | +0.05 |
| MOAT Vaneck Morningstar Wide Moat | Add +0.6% | 5.73% | +0.05 |
| DE Deere & Co. | Add +15.2% | 0.32% | +0.05 |
| ORCL Oracle Corp. | Add +1.3% | 0.12% | +0.04 |
| DIS The Walt Disney Co. | New | 0.04% | +0.04 |
| GE General Electric | New | 0.04% | +0.04 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.04% | +0.04 |
| TDVG T Rowe Price Dividend Growth | New | 0.04% | +0.04 |
| ETN Eaton Corp. PLC | New | 0.04% | +0.04 |
| AXON Axon Enterprise Inc. | New | 0.03% | +0.03 |
| MDY State Street SPDR S&P Midcap | Add +48.1% | 0.10% | +0.03 |
| HD Home Depot Inc. | Add +12.4% | 0.46% | +0.03 |
| META Meta Platforms Inc. Class A | Add +6.0% | 0.10% | +0.02 |
| HON Honeywell International Inc. | Add +3.4% | 0.33% | +0.02 |
| ACLC American Century Large Cap E | Add +38.5% | 0.06% | +0.02 |
| CNH CNH Industrial NV | Add +8.9% | 0.21% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +11.7% | 0.09% | +0.01 |
| SO The Southern Co. | Add +21.7% | 0.10% | +0.01 |
| TXRH Texas Roadhouse Inc. | Add +23.8% | 0.05% | +0.01 |
| WFC Wells Fargo & Co. | Add +7.6% | 0.10% | +0.01 |
| OSEA Harbor Intl Compounders ETF | Add +1.8% | 0.21% | +0.01 |
| AXP American Express Co. | Add +2.7% | 0.07% | +0.01 |
| RY Royal Bank of Canada | Add +0.7% | 0.08% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +2.8% | 0.10% | +0.01 |
| CSCO Cisco Systems Inc. | Add +3.4% | 0.07% | +0.01 |
| CP Canadian Pacific Kansas City | Add +1.7% | 0.08% | +0.01 |
| PM Philip Morris International | Add +0.7% | 0.07% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +1.7% | 0.17% | +0.01 |
| TXN Texas Instruments Inc. | Add +0.6% | 0.05% | +0.00 |
| GD General Dynamics Corp. | Add +4.1% | 0.08% | +0.00 |
| CRM Salesforce Inc. | Add +10.1% | 0.04% | +0.00 |
| FHN First Horizon Corp. | Add +0.0% | 0.06% | +0.00 |
| CSX CSX Corp. | Add +0.2% | 0.04% | +0.00 |
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 |