Summit Asset Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Summit Asset Management, LLC reported 170 stock positions worth $650.4 million. Its top holding was Schwab US DVD Equity ETF (SCHD) at 8.3% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 6.8%) and Vaneck Morningstar Wide Moat (MOAT, 5.7%). Compared with Q2 2025, it opened 8 new positions, sold out of 9, added to 51 and reduced 42. The biggest buy was Schwab US Large-Cap Growth (SCHG, shares +1%) and the biggest sale Schwab International DVD ETF (SCHY, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001509974
- Portfolio Value
- $650.4M (Q3 2025)
- SEC Filing
- 0001398344-25-020413 ↗ filed Nov 6, 2025
Holdings Value
Holdings 170 stocks · $650.4M
| SCHD Schwab US DVD Equity ETF | 8.31% | 1,979,039 | $54.0M | Add +0.3% |
| SCHG Schwab US Large-Cap Growth | 6.82% | 1,389,325 | $44.3M | Add +1.1% |
| MOAT Vaneck Morningstar Wide Moat | 5.75% | 377,314 | $37.4M | Add +0.6% |
| SCHF Schwab Intl Equity ETF | 5.66% | 1,580,325 | $36.8M | Add +0.5% |
| SCHM Schwab US Mid Cap ETF | 5.65% | 1,239,829 | $36.7M | Reduce -0.4% |
| SCHV Schwab US Large-Cap Value | 4.98% | 1,112,371 | $32.4M | Add +4.2% |
| IVV iShares Core S&P 500 ETF | 3.24% | 31,497 | $21.1M | Add +1.8% |
| IJR iShares Core S&P Small-Cap E | 3.17% | 173,687 | $20.6M | Add +0.3% |
| IEF iShares 7-10 Year Treasury B | 3.00% | 202,217 | $19.5M | Add +5.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.92% | 37,838 | $19.0M | Reduce -1.6% |
| SCHY Schwab International DVD ETF | 2.73% | 635,132 | $17.7M | Reduce -3.9% |
| IHDG Wisdomtree International Hed | 2.69% | 379,709 | $17.5M | Reduce -0.5% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 2.68% | 715,754 | $17.4M | Add +4.4% |
| IBDR iShares Ibonds Dec 2026 Term | 2.67% | 714,154 | $17.4M | Add +3.7% |
| IBDQ iShares Ibonds Dec 2025 Term | 2.60% | 671,458 | $16.9M | Add +1.4% |
| VCIT Vanguard Int-Term Corporate | 2.59% | 200,091 | $16.8M | Add +4.1% |
| NVDA Nvidia Corp. | 1.73% | 60,220 | $11.2M | Reduce -0.2% |
| AAPL Apple Inc. | 1.72% | 43,986 | $11.2M | Reduce -1.9% |
| MSFT Microsoft Corp. | 1.47% | 18,454 | $9.6M | Reduce -1.7% |
| AGG iShares Core U.S. Aggregate | 1.39% | 90,185 | $9.0M | Add +3.4% |
| AZO AutoZone Inc. | 1.38% | 2,091 | $9.0M | No change |
| EFA iShares MSCI Eafe ETF | 1.23% | 85,936 | $8.0M | Add +0.8% |
| AMZN Amazon.com Inc. | 1.23% | 36,295 | $8.0M | Add +1.0% |
| TOTL SS Doubleline TR Tact ETF | 1.05% | 169,030 | $6.9M | Reduce -0.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.91% | 12,763 | $5.9M | Reduce -1.6% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.83% | 135,870 | $5.4M | No change |
| IDXX Idexx Laboratories Inc. | 0.76% | 7,785 | $5.0M | No change |
| WMT Walmart Inc. | 0.75% | 47,519 | $4.9M | Reduce -2.0% |
| IMCG iShares Morningstar Mid-Cap | 0.75% | 58,775 | $4.9M | Reduce -0.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.58% | 5 | $3.8M | No change |
| JPM JPMorgan Chase & Co. | 0.56% | 11,595 | $3.7M | No change |
| RTX RTX Corp. | 0.50% | 19,409 | $3.2M | Reduce -0.4% |
| HD Home Depot Inc. | 0.49% | 7,796 | $3.2M | Add +1.1% |
| PG The Procter & Gamble Co. | 0.47% | 19,740 | $3.0M | Add +8.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.45% | 4,922 | $3.0M | Add +31.2% |
| XOM Exxon Mobil Corp. | 0.43% | 25,009 | $2.8M | Reduce -0.5% |
| JNJ Johnson & Johnson | 0.42% | 14,749 | $2.7M | Add +2.6% |
| TCHP T Rowe Price Blue Chip Growt | 0.42% | 55,493 | $2.7M | Reduce -1.0% |
| GOOG Alphabet Inc. Class C | 0.37% | 9,910 | $2.4M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.37% | 46,598 | $2.4M | Add +0.0% |
| VFLO Victoryshares Free Cash Flow | 0.36% | 63,296 | $2.4M | Add +17.6% |
| JCI Johnson Controls Internation | 0.36% | 21,500 | $2.4M | Add +3.4% |
| EMR Emerson Electric Co. | 0.36% | 17,951 | $2.4M | Add +4.7% |
| VGK Vanguard Ftse Europe ETF | 0.34% | 27,618 | $2.2M | Reduce -2.3% |
| ROK Rockwell Automation Inc. | 0.32% | 5,944 | $2.1M | Add +5.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.32% | 14,343 | $2.1M | No change |
| HON Honeywell International Inc. | 0.31% | 9,616 | $2.0M | Add +10.3% |
| USIG iShares Broad Usd Investment | 0.30% | 37,919 | $2.0M | No change |
| DE Deere & Co. | 0.29% | 4,103 | $1.9M | Add +7.9% |
| FDX FedEx Corp. | 0.29% | 7,886 | $1.9M | Add +0.4% |
| V Visa Inc. Class A | 0.28% | 5,290 | $1.8M | No change |
| UNP Union Pacific Corp. | 0.24% | 6,541 | $1.5M | Reduce -2.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.23% | 4,654 | $1.5M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 5,347 | $1.5M | No change |
| OSEA Harbor Intl Compounders ETF | 0.23% | 50,054 | $1.5M | Add +13.4% |
| PGR Progressive Corp. | 0.22% | 5,853 | $1.4M | Reduce -0.7% |
| KO The Coca-Cola Co. | 0.22% | 21,115 | $1.4M | Add +0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 2,085 | $1.4M | Reduce -33.7% |
| DBEU Xtrackers MSCI Europe Hedged | 0.20% | 28,945 | $1.3M | Reduce -3.7% |
| VOOG Vanguard S&P 500 Growth ETF | 0.20% | 3,029 | $1.3M | No change |
| T AT&T Inc. | 0.20% | 45,769 | $1.3M | Add +0.0% |
| CNH CNH Industrial NV | 0.18% | 110,000 | $1.2M | Add +12.2% |
| TSCO Tractor Supply Company | 0.18% | 20,500 | $1.2M | No change |
| SCHW Schwab (charles) Corp. | 0.18% | 12,002 | $1.1M | No change |
| ABBV Abbvie Inc. | 0.17% | 4,858 | $1.1M | Add +0.0% |
| SCHA Schwab US Small-Cap ETF | 0.17% | 40,071 | $1.1M | Reduce -0.1% |
| FPI Farmland Partners Inc. | 0.16% | 97,465 | $1.1M | No change |
| LLY Eli Lilly & Co. | 0.16% | 1,384 | $1.1M | Reduce -0.7% |
| DFUS Dimensional US Eq MKT ETF | 0.16% | 14,345 | $1.0M | No change |
| NEE Nextera Energy Inc. | 0.16% | 13,691 | $1.0M | Add +5.3% |
| VOO Vanguard S&P 500 ETF | 0.16% | 1,683 | $1.0M | No change |
| COST Costco Wholesale Corp. | 0.15% | 1,088 | $1.0M | Reduce -12.8% |
| PEP Pepsico Inc. | 0.15% | 7,086 | $995K | Reduce -1.6% |
| EXPD Expeditors Intl Wash Inc. | 0.15% | 8,010 | $982K | No change |
| SCHX Schwab US Large-Cap ETF | 0.14% | 35,475 | $934K | No change |
| ORCL Oracle Corp. | 0.14% | 3,318 | $933K | Reduce -2.7% |
| VIOG Vanguard S&P SM Cap 600 GRW | 0.14% | 7,546 | $919K | No change |
| IVE iShares S&P 500 Value ETF | 0.14% | 4,425 | $914K | No change |
| ILCG iShares Morningstar Growth E | 0.13% | 8,285 | $864K | No change |
| IMCB iShares Morningstar Mid-Cap | 0.13% | 9,855 | $818K | No change |
| GL Globe Life Inc. | 0.13% | 5,702 | $815K | Reduce -5.2% |
| ORLY O'reilly Automotive Inc. | 0.12% | 7,440 | $802K | No change |
| FAST Fastenal Co. | 0.12% | 15,563 | $763K | Add +1.2% |
| XLG Invesco S&P 500 Top 50 ETF | 0.12% | 13,090 | $753K | No change |
| CVX Chevron Corp. | 0.11% | 4,804 | $746K | No change |
| MA Mastercard Inc. Class A | 0.11% | 1,288 | $733K | No change |
| GOOGL Alphabet Inc. Class A | 0.11% | 3,006 | $731K | No change |
| IJH iShares Core S&P Midcap ETF | 0.11% | 10,954 | $715K | Reduce -0.1% |
| SO The Southern Co. | 0.10% | 7,010 | $664K | Add +0.2% |
| MDY State Street SPDR S&P Midcap | 0.10% | 1,108 | $660K | No change |
| SCHB Schwab US Broad Market ETF | 0.10% | 25,233 | $649K | Add +2.5% |
| VZ Verizon Communications Inc. | 0.10% | 14,756 | $649K | Add +0.5% |
| PNFP Pinnacle Financial Partners | 0.10% | 6,900 | $647K | No change |
| WFC Wells Fargo & Co. | 0.10% | 7,695 | $645K | No change |
| MAA Mid-America Apartment Comm | 0.10% | 4,533 | $633K | Reduce -13.5% |
| PFE Pfizer Inc. | 0.09% | 23,815 | $607K | Reduce -1.2% |
| RY Royal Bank of Canada | 0.09% | 3,872 | $570K | No change |
| NREF Nexpoint Real Estate Finance | 0.09% | 40,083 | $568K | No change |
| IVW iShares S&P 500 Growth ETF | 0.09% | 4,646 | $561K | No change |
| GD General Dynamics Corp. | 0.08% | 1,606 | $548K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| SCHY Schwab International DVD ETF | Reduce -3.9% | 2.73% | −0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 2.92% | −0.12 |
| IHDG Wisdomtree International Hed | Reduce -0.5% | 2.69% | −0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -33.7% | 0.21% | −0.10 |
| TOTL SS Doubleline TR Tact ETF | Reduce -0.4% | 1.05% | −0.05 |
| MSFT Microsoft Corp. | Reduce -1.7% | 1.47% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -12.8% | 0.15% | −0.05 |
| SCHO Schwab Short-Term US Treas | Sold out | 0.00% | −0.04 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.04 |
| PSA Public Storage | Sold out | 0.00% | −0.04 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.4% | 5.65% | −0.04 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.04 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.04 |
| CI The Cigna Group | Sold out | 0.00% | −0.04 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.03 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.03 |
| PGR Progressive Corp. | Reduce -0.7% | 0.22% | −0.03 |
| WCN Waste Connections Inc. | Sold out | 0.00% | −0.03 |
| MAA Mid-America Apartment Comm | Reduce -13.5% | 0.10% | −0.03 |
| IMCG iShares Morningstar Mid-Cap | Reduce -0.4% | 0.75% | −0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -1.6% | 0.91% | −0.02 |
| WMT Walmart Inc. | Reduce -2.0% | 0.75% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -13.0% | 0.08% | −0.02 |
| VGK Vanguard Ftse Europe ETF | Reduce -2.3% | 0.34% | −0.02 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -19.4% | 0.06% | −0.02 |
| BND Vanguard Total Bond Market | Reduce -20.8% | 0.05% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -0.7% | 0.16% | −0.01 |
| UNP Union Pacific Corp. | Reduce -2.9% | 0.24% | −0.01 |
| UPS United Parcel Service Class B | Reduce -0.7% | 0.05% | −0.01 |
| DBEU Xtrackers MSCI Europe Hedged | Reduce -3.7% | 0.20% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -5.4% | 0.04% | −0.01 |
| SEIX Virtus Seix Senior Loan ETF | Reduce -6.3% | 0.07% | −0.01 |
| TFC Truist Financial Corp. | Reduce -13.8% | 0.06% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -8.5% | 0.04% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 0.43% | −0.01 |
| WEC WEC Energy Group Inc. | Reduce -15.0% | 0.05% | −0.01 |
| FLOT iShares Floating Rate Bond E | Reduce -6.6% | 0.05% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -4.5% | 0.07% | −0.00 |
| PEP Pepsico Inc. | Reduce -1.6% | 0.15% | −0.00 |
| PFE Pfizer Inc. | Reduce -1.2% | 0.09% | −0.00 |
| DUK Duke Energy Corp. | Reduce -1.1% | 0.06% | −0.00 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -2.2% | 0.04% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.1% | 0.11% | −0.00 |
| GE General Electric | Reduce -7.4% | 0.04% | +0.00 |
| TCHP T Rowe Price Blue Chip Growt | Reduce -1.0% | 0.42% | +0.00 |
| GL Globe Life Inc. | Reduce -5.2% | 0.13% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.1% | 0.17% | +0.01 |
| ORCL Oracle Corp. | Reduce -2.7% | 0.14% | +0.02 |
| RTX RTX Corp. | Reduce -0.4% | 0.50% | +0.04 |
| NVDA Nvidia Corp. | Reduce -0.2% | 1.73% | +0.17 |
Portfolio Buys Q2 2025 → Q3 2025
| SCHG Schwab US Large-Cap Growth | Add +1.1% | 6.82% | +0.28 |
| SCHV Schwab US Large-Cap Value | Add +4.2% | 4.98% | +0.17 |
| QQQ Invesco QQQ Trust Series 1 | Add +31.2% | 0.45% | +0.12 |
| IVV iShares Core S&P 500 ETF | Add +1.8% | 3.24% | +0.11 |
| IJR iShares Core S&P Small-Cap E | Add +0.3% | 3.17% | +0.09 |
| JNJ Johnson & Johnson | Add +2.6% | 0.42% | +0.06 |
| VFLO Victoryshares Free Cash Flow | Add +17.6% | 0.36% | +0.06 |
| MRSH Marsh & McLennan Cos | New | 0.05% | +0.05 |
| OBDC Blue Owl Capital Corp. | New | 0.04% | +0.04 |
| IBDT iShares Ibonds Dec 2028 ETF | New | 0.04% | +0.04 |
| GEV GE Vernova Inc. | New | 0.03% | +0.03 |
| FNDX Schwab Fndmntl US LRG Co. ETF | New | 0.03% | +0.03 |
| BLK BlackRock Inc. | New | 0.03% | +0.03 |
| DVY iShares Select Dividend ETF | New | 0.03% | +0.03 |
| TCAF T Rowe PRC Cap Appreciation | Add +79.2% | 0.07% | +0.03 |
| LOW Lowe's Cos Inc. | New | 0.03% | +0.03 |
| ABBV Abbvie Inc. | Add +0.0% | 0.17% | +0.03 |
| HD Home Depot Inc. | Add +1.1% | 0.49% | +0.03 |
| ROBO Robo Global Robotics and Aut | Add +49.7% | 0.06% | +0.02 |
| MOAT Vaneck Morningstar Wide Moat | Add +0.6% | 5.75% | +0.02 |
| OSEA Harbor Intl Compounders ETF | Add +13.4% | 0.23% | +0.02 |
| ROK Rockwell Automation Inc. | Add +5.3% | 0.32% | +0.01 |
| FAST Fastenal Co. | Add +1.2% | 0.12% | +0.01 |
| NEE Nextera Energy Inc. | Add +5.3% | 0.16% | +0.01 |
| BAC Bank of America Corp. | Add +0.0% | 0.37% | +0.01 |
| EPD Enterprise Products Partners | Add +21.9% | 0.07% | +0.01 |
| IEF iShares 7-10 Year Treasury B | Add +5.4% | 3.00% | +0.01 |
| JCI Johnson Controls Internation | Add +3.4% | 0.36% | +0.01 |
| ENB Enbridge Inc. | Add +7.6% | 0.04% | +0.00 |
| TXRH Texas Roadhouse Inc. | Add +29.9% | 0.06% | +0.00 |
| SCHB Schwab US Broad Market ETF | Add +2.5% | 0.10% | +0.00 |
| PSX Phillips 66 | Add +0.1% | 0.04% | +0.00 |
| CSX CSX Corp. | Add +0.2% | 0.04% | +0.00 |
| FHN First Horizon Corp. | Add +0.0% | 0.06% | +0.00 |
| DFUV Dimensional US Marketwide Va | Add +0.4% | 0.06% | +0.00 |
| VHT Vanguard Health Care ETF | Add +0.2% | 0.05% | −0.00 |
| MCD McDonald's Corp. | Add +0.1% | 0.07% | −0.00 |
| SO The Southern Co. | Add +0.2% | 0.10% | −0.00 |
| SCHF Schwab Intl Equity ETF | Add +0.5% | 5.66% | −0.00 |
| VZ Verizon Communications Inc. | Add +0.5% | 0.10% | −0.00 |
| CSCO Cisco Systems Inc. | Add +0.1% | 0.06% | −0.00 |
| DIS The Walt Disney Co. | Add +0.1% | 0.03% | −0.00 |
| FDX FedEx Corp. | Add +0.4% | 0.29% | −0.00 |
| PG The Procter & Gamble Co. | Add +8.7% | 0.47% | −0.00 |
| EFA iShares MSCI Eafe ETF | Add +0.8% | 1.23% | −0.01 |
| VCIT Vanguard Int-Term Corporate | Add +4.1% | 2.59% | −0.01 |
| EMR Emerson Electric Co. | Add +4.7% | 0.36% | −0.01 |
| PM Philip Morris International | Add +0.0% | 0.06% | −0.01 |
| T AT&T Inc. | Add +0.0% | 0.20% | −0.02 |
| HON Honeywell International Inc. | Add +10.3% | 0.31% | −0.02 |
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 |