Summit Financial, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 24, 2024), Summit Financial, LLC reported 379 stock positions worth $1.7 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 24.4% of the portfolio, followed by Vanguard Ftse All-World Ex-U (VEU, 11.6%) and Chipotle Mexican Grill (CMG, 5.0%). Compared with Q4 2023, it opened 55 new positions, sold out of 27, added to 157 and reduced 156. The biggest buy was Chipotle Mexican Grill (CMG, shares +29%) and the biggest sale Apple (AAPL, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- PARSIPPANY, NJ
- CIK
- 0001765536
- Portfolio Value
- $1.7B (Q1 2024)
- SEC Filing
- 0001781521-24-000001 ↗ filed Apr 24, 2024
Holdings Value
Holdings 379 stocks · $1.7B
| VTI VG Morningstar TS MKT ETF-US | 24.44% | 1,586,071 | $412.2M | Add +0.1% |
| VEU Vanguard Ftse All-World Ex-U | 11.64% | 3,348,249 | $196.4M | Add +1.1% |
| CMG Chipotle Mexican Grill Inc. | 5.03% | 29,171 | $84.8M | Add +28.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.63% | 178,085 | $61.3M | Reduce -3.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.55% | 263,762 | $43.0M | Reduce -1.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.21% | 71,052 | $37.3M | Add +2.2% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.18% | 191,517 | $36.7M | Reduce -1.1% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 1.85% | 200,480 | $31.3M | Add +1.1% |
| AMZN Amazon.com Inc. | 1.76% | 164,943 | $29.8M | Add +1.0% |
| MSFT Microsoft Corp. | 1.59% | 63,693 | $26.8M | Reduce -0.4% |
| AAPL Apple Inc. | 1.59% | 155,984 | $26.7M | Reduce -7.6% |
| NVDA Nvidia Corp. | 1.30% | 24,185 | $21.9M | Reduce -12.8% |
| IVV iShares Core S&P 500 ETF | 1.29% | 41,531 | $21.8M | Add +1.2% |
| VOO Vanguard S&P 500 ETF | 1.15% | 40,274 | $19.4M | Add +6.8% |
| META Meta Platforms Inc. Class A | 0.75% | 26,153 | $12.7M | Reduce -7.4% |
| VEA Vanguard Ftse Developed ETF | 0.73% | 244,953 | $12.3M | Reduce -5.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.72% | 52,951 | $12.1M | Add +2.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.71% | 26,804 | $11.9M | Add +16.4% |
| COST Costco Wholesale Corp. | 0.69% | 15,830 | $11.6M | Reduce -21.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.62% | 41,931 | $10.5M | Add +6.8% |
| WPM Wheaton Precious Metals Corp. | 0.62% | 221,056 | $10.4M | Add +32.0% |
| TLT iShares 20+ Year Treasury BD | 0.57% | 102,267 | $9.7M | Add +49.8% |
| FANG Diamondback Energy Inc. | 0.57% | 48,462 | $9.6M | Add +0.2% |
| AVGO Broadcom Inc. | 0.52% | 6,639 | $8.8M | Reduce -23.6% |
| UNH Unitedhealth Group Inc. | 0.52% | 17,707 | $8.8M | Reduce -13.0% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.52% | 244,373 | $8.7M | Reduce -0.1% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.50% | 183,497 | $8.4M | Add +22.4% |
| JPM JPMorgan Chase & Co. | 0.46% | 38,959 | $7.8M | Reduce -12.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.45% | 18,203 | $7.7M | Add +13.3% |
| XLI SS Industrial Select Sector | 0.43% | 58,149 | $7.3M | Reduce -0.4% |
| REGN Regeneron Pharmaceuticals | 0.42% | 7,291 | $7.0M | Reduce -8.9% |
| ITOT iShares Core S&P Total U.S. | 0.41% | 60,596 | $7.0M | Add +0.2% |
| WMT Walmart Inc. | 0.41% | 114,913 | $6.9M | Add +4.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.41% | 94,712 | $6.9M | Add +18.5% |
| VWO Vanguard Ftse Emerging Marke | 0.40% | 162,828 | $6.8M | Reduce -10.4% |
| VYM Vanguard High DVD Yield ETF | 0.40% | 55,902 | $6.8M | Add +15.3% |
| V Visa Inc. Class A | 0.36% | 21,839 | $6.1M | Add +6.4% |
| RSP Invesco S&P 500 Equal Weight | 0.36% | 35,909 | $6.1M | Add +4.3% |
| URI United Rentals Inc. | 0.36% | 8,379 | $6.0M | Add +4.5% |
| IWF iShares Russell 1000 Growth | 0.36% | 17,787 | $6.0M | Add +8.1% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.35% | 117,201 | $5.9M | Add +5.1% |
| IWD iShares Russell 1000 Value E | 0.34% | 32,157 | $5.8M | Add +7.2% |
| XOM Exxon Mobil Corp. | 0.32% | 46,067 | $5.4M | Add +17.1% |
| XLE SS Energy Select Sector | 0.31% | 55,504 | $5.2M | Add +79.8% |
| BMRN Biomarin Pharmaceutical Inc. | 0.30% | 57,628 | $5.0M | Reduce -1.6% |
| IXUS iShares Core Intl Stock ETF | 0.29% | 73,236 | $5.0M | Reduce -1.7% |
| IJH iShares Core S&P Midcap ETF | 0.28% | 76,886 | $4.7M | Add +8.6% |
| GLD SPDR Gold Shares | 0.27% | 22,373 | $4.6M | Add +11.8% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.27% | 92,203 | $4.5M | Reduce -14.9% |
| HD Home Depot Inc. | 0.26% | 11,278 | $4.3M | Reduce -1.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.25% | 56,009 | $4.2M | Reduce -26.5% |
| GOOG Alphabet Inc. Class C | 0.25% | 27,250 | $4.1M | Reduce -3.4% |
| ABBV Abbvie Inc. | 0.24% | 22,599 | $4.1M | Add +42.7% |
| AMD Advanced Micro Devices | 0.24% | 22,665 | $4.1M | Reduce -2.2% |
| CAT Caterpillar Inc. | 0.24% | 11,086 | $4.1M | Add +1.1% |
| VCIT Vanguard Int-Term Corporate | 0.24% | 49,525 | $4.0M | Add +87.6% |
| GNR State Street SPDR S&P Global | 0.23% | 68,143 | $3.9M | Add +0.1% |
| SA Seabridge Gold Inc. | 0.23% | 251,000 | $3.8M | No change |
| JNJ Johnson & Johnson | 0.22% | 23,133 | $3.7M | Add +13.9% |
| AGG iShares Core U.S. Aggregate | 0.21% | 36,754 | $3.6M | Add +10.8% |
| HON Honeywell International Inc. | 0.21% | 17,445 | $3.6M | Add +3.2% |
| MUB iShares National Muni Bond E | 0.21% | 32,893 | $3.5M | Add +21.9% |
| SHV iShares 0-1 Year Treasury Bo | 0.21% | 31,350 | $3.5M | New |
| PG The Procter & Gamble Co. | 0.21% | 21,339 | $3.5M | Reduce -4.1% |
| TSLA Tesla Inc. | 0.20% | 19,426 | $3.4M | Reduce -14.4% |
| MRK Merck & Co. Inc. | 0.20% | 25,394 | $3.4M | Add +13.5% |
| PSX Phillips 66 | 0.20% | 20,544 | $3.4M | Add +34.9% |
| IEF iShares 7-10 Year Treasury B | 0.20% | 34,878 | $3.3M | Add +3.4% |
| NEE Nextera Energy Inc. | 0.19% | 49,713 | $3.2M | Add +2.5% |
| FEN First TR Enrgy Inc. & GRW | 0.19% | 191,776 | $3.1M | New |
| ABT Abbott Laboratories | 0.18% | 27,240 | $3.1M | Add +2.3% |
| MDY State Street SPDR S&P Midcap | 0.18% | 5,450 | $3.0M | Add +21.3% |
| ACN Accenture PLC Class A | 0.18% | 8,640 | $3.0M | Reduce -7.3% |
| IUSV iShares Core S&P U.S. Value | 0.17% | 31,666 | $2.9M | Reduce -0.4% |
| SMCI Super Micro Computer Inc. | 0.17% | 2,829 | $2.9M | Reduce -8.5% |
| MELI MercadoLibre Inc. | 0.17% | 1,876 | $2.8M | Reduce -2.5% |
| ADP Automatic Data Processing | 0.17% | 11,147 | $2.8M | Add +1.4% |
| KO The Coca-Cola Co. | 0.17% | 45,221 | $2.8M | Add +4.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.16% | 8,617 | $2.8M | Add +0.0% |
| INTC Intel Corp. | 0.16% | 62,378 | $2.8M | Add +14.6% |
| ET Energy Transfer LP | 0.16% | 174,193 | $2.7M | Add +16.3% |
| DKNG Draftkings Inc. Class A | 0.16% | 59,951 | $2.7M | Add +22.1% |
| MCD McDonald's Corp. | 0.16% | 9,576 | $2.7M | Add +2.8% |
| BND Vanguard Total Bond Market | 0.16% | 37,080 | $2.7M | Reduce -33.8% |
| ACWV iShares MSCI Global Min Vol | 0.16% | 25,236 | $2.7M | Add +0.3% |
| UNP Union Pacific Corp. | 0.16% | 10,654 | $2.6M | Reduce -3.4% |
| MS Morgan Stanley | 0.15% | 27,639 | $2.6M | Reduce -1.0% |
| IWM iShares Russell 2000 ETF | 0.15% | 12,328 | $2.6M | Reduce -17.8% |
| CRM Salesforce Inc. | 0.15% | 8,575 | $2.6M | Reduce -8.1% |
| OEF iShares S&P 100 ETF | 0.15% | 10,416 | $2.6M | Reduce -0.4% |
| SPIB SS SPDR P Int C Corp. ETF | 0.15% | 78,527 | $2.6M | Add +5.6% |
| MAR Marriott International Class A | 0.15% | 9,914 | $2.5M | Reduce -0.7% |
| BLK BlackRock Finance Inc. | 0.14% | 2,870 | $2.4M | Add +3.9% |
| TXN Texas Instruments Inc. | 0.14% | 13,617 | $2.4M | Reduce -9.4% |
| CB Chubb Ltd. | 0.14% | 8,865 | $2.3M | Reduce -3.2% |
| IJR iShares Core S&P Small-Cap E | 0.13% | 20,552 | $2.3M | Add +7.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.13% | 29,217 | $2.3M | Reduce -26.2% |
| CBOE Cboe Global Markets Inc. | 0.13% | 12,062 | $2.2M | Add +26.7% |
| PRF Invesco Rafi US 1000 ETF | 0.13% | 57,213 | $2.2M | Reduce -2.4% |
| SYK Stryker Corp. | 0.13% | 6,084 | $2.2M | Add +0.6% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TENN VALLEY AUTHORITY (TVA V0 05/01/29 A) | Pfd Stk | 31,241 | $687K | New |
| TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) | Corporate Bond | 24,396 | $540K | New |
Total filed on the 13F, all lines: $1.7B.
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -7.6% | 1.59% | −0.54 |
| BA The Boeing Co. | Reduce -77.8% | 0.09% | −0.54 |
| SCHV Schwab US Large-Cap Value | Reduce -73.5% | 0.07% | −0.21 |
| COST Costco Wholesale Corp. | Reduce -21.4% | 0.69% | −0.20 |
| SCHG Schwab US Large-Cap Growth | Reduce -66.3% | 0.10% | −0.19 |
| UNH Unitedhealth Group Inc. | Reduce -13.0% | 0.52% | −0.18 |
| TSLA Tesla Inc. | Reduce -14.4% | 0.20% | −0.17 |
| WDAY Workday Inc. Class A | Reduce -63.3% | 0.08% | −0.16 |
| ON On Semiconductor | Sold out | 0.00% | −0.15 |
| GNW Genworth Financial Inc. | Sold out | 0.00% | −0.13 |
| IDEV iShares Core MSCI Dev MKTS | Sold out | 0.00% | −0.12 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.5% | 3.63% | −0.12 |
| AVGO Broadcom Inc. | Reduce -23.6% | 0.52% | −0.11 |
| UBER Uber Technologies Inc. | Reduce -66.5% | 0.07% | −0.11 |
| BND Vanguard Total Bond Market | Reduce -33.8% | 0.16% | −0.11 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -50.2% | 0.09% | −0.11 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -26.5% | 0.25% | −0.10 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -1.1% | 2.18% | −0.10 |
| IEMG iShares Core MSCI Emerging | Reduce -55.3% | 0.06% | −0.09 |
| VWO Vanguard Ftse Emerging Marke | Reduce -10.4% | 0.40% | −0.08 |
| KMB Kimberly-Clark Corp. | Reduce -67.7% | 0.04% | −0.08 |
| VEA Vanguard Ftse Developed ETF | Reduce -5.3% | 0.73% | −0.08 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Reduce -14.9% | 0.27% | −0.08 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -42.7% | 0.08% | −0.07 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -1.6% | 0.30% | −0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.5% | 2.55% | −0.07 |
| PROSHARES TR | Sold out | 0.00% | −0.07 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -26.2% | 0.13% | −0.07 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.06 |
| AXP American Express Co. | Sold out | 0.00% | −0.04 |
| REGN Regeneron Pharmaceuticals | Reduce -8.9% | 0.42% | −0.04 |
| IWB iShares Russell 1000 ETF | Reduce -59.7% | 0.03% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -17.8% | 0.15% | −0.04 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -37.8% | 0.06% | −0.04 |
| ACN Accenture PLC Class A | Reduce -7.3% | 0.18% | −0.04 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -30.8% | 0.06% | −0.03 |
| DFS Discover Financial Services | Reduce -66.7% | 0.02% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -13.4% | 0.11% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -12.0% | 0.46% | −0.03 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.03 |
| MELI MercadoLibre Inc. | Reduce -2.5% | 0.17% | −0.03 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -9.4% | 0.14% | −0.03 |
| ADBE Adobe Inc. | Reduce -13.4% | 0.05% | −0.03 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -38.8% | 0.03% | −0.02 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.02 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -0.1% | 0.52% | −0.02 |
| UNP Union Pacific Corp. | Reduce -3.4% | 0.16% | −0.02 |
| IXUS iShares Core Intl Stock ETF | Reduce -1.7% | 0.29% | −0.02 |
| CROX Crocs Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| CMG Chipotle Mexican Grill Inc. | Add +28.6% | 5.03% | +1.64 |
| SHV iShares 0-1 Year Treasury Bo | New | 0.21% | +0.21 |
| FEN First TR Enrgy Inc. & GRW | New | 0.19% | +0.19 |
| AMZN Amazon.com Inc. | Add +1.0% | 1.76% | +0.14 |
| XLE SS Energy Select Sector | Add +79.8% | 0.31% | +0.14 |
| TLT iShares 20+ Year Treasury BD | Add +49.8% | 0.57% | +0.13 |
| INDA iShares MSCI India ETF | New | 0.10% | +0.10 |
| VCIT Vanguard Int-Term Corporate | Add +87.6% | 0.24% | +0.10 |
| QQQ Invesco QQQ Trust Series 1 | Add +16.4% | 0.71% | +0.09 |
| ABBV Abbvie Inc. | Add +42.7% | 0.24% | +0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +13.3% | 0.45% | +0.08 |
| FANG Diamondback Energy Inc. | Add +0.2% | 0.57% | +0.08 |
| WPM Wheaton Precious Metals Corp. | Add +32.0% | 0.62% | +0.08 |
| SO The Southern Co. | New | 0.08% | +0.08 |
| VOO Vanguard S&P 500 ETF | Add +6.8% | 1.15% | +0.07 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +18.5% | 0.41% | +0.07 |
| PSX Phillips 66 | Add +34.9% | 0.20% | +0.07 |
| FTSM First Trust Enh Short Mat FD | Add +251.0% | 0.10% | +0.07 |
| XLK SS Technology Select Sector | Add +214.1% | 0.10% | +0.07 |
| TT Trane Technologies PLC | Add +106.1% | 0.11% | +0.06 |
| XOM Exxon Mobil Corp. | Add +17.1% | 0.32% | +0.06 |
| URI United Rentals Inc. | Add +4.5% | 0.36% | +0.06 |
| VTIP Vanguard Short-Term Tips | New | 0.06% | +0.06 |
| EFA iShares MSCI Eafe ETF | Add +322.5% | 0.07% | +0.06 |
| XLP SS Consumer Staples Sel Sect | Add +118.0% | 0.10% | +0.05 |
| VIG Vanguard Dividend Apprec ETF | Add +296.8% | 0.07% | +0.05 |
| SPHQ Invesco S&P 500 Quality ETF | New | 0.05% | +0.05 |
| DKNG Draftkings Inc. Class A | Add +22.1% | 0.16% | +0.05 |
| VYM Vanguard High DVD Yield ETF | Add +15.3% | 0.40% | +0.05 |
| IBB iShares Biotechnology ETF | New | 0.05% | +0.05 |
| OHI Omega Healthcare Investors | New | 0.05% | +0.05 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +22.4% | 0.50% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.2% | 2.21% | +0.04 |
| MRK Merck & Co. Inc. | Add +13.5% | 0.20% | +0.04 |
| WPC WP Carey Inc. | New | 0.03% | +0.03 |
| VPU Vanguard Utilities ETF | Add +164.8% | 0.05% | +0.03 |
| EPD Enterprise Products Partners | New | 0.03% | +0.03 |
| XAR SS SPDR S&P Aerospace Def | New | 0.03% | +0.03 |
| CHD Church & Dwight Co. Inc. | Add +51.3% | 0.09% | +0.03 |
| WMT Walmart Inc. | Add +4.2% | 0.41% | +0.03 |
| MDY State Street SPDR S&P Midcap | Add +21.3% | 0.18% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +8.1% | 0.36% | +0.03 |
| CAT Caterpillar Inc. | Add +1.1% | 0.24% | +0.03 |
| XLF SS Financial Select Sector | New | 0.03% | +0.03 |
| BKLN Invesco Senior Loan ETF | New | 0.03% | +0.03 |
| NOC Northrop Grumman Corp. | Add +74.4% | 0.07% | +0.03 |
| IYH iShares U.S. Healthcare ETF | New | 0.03% | +0.03 |
| ET Energy Transfer LP | Add +16.3% | 0.16% | +0.03 |
| RDNT Radnet Inc. | New | 0.03% | +0.03 |
| VNQ Vanguard Real Estate ETF | New | 0.03% | +0.03 |
Notes & Other Activity Q4 2023 → Q1 2024
| TENN VALLEY AUTHORITY (TVA V0 05/01/29 A) | Pfd Stk | New | 31,241 | $687K |
| TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) | Corporate Bond | New | 24,396 | $540K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,577 | $9.1B | VTI, VEU, IVV, AAPL, VUG |
| Q1 2026 | 1,397 | $7.8B | VTI, VEU, AAPL, IVV, VUG |
| Q4 2025 | 1,281 | $6.8B | VTI, VEU, IVV, AAPL, VUG |
| Q3 2025 | 1,236 | $6.5B | VTI, VEU, IVV, AAPL, NVDA |
| Q2 2025 | 805 | $4.4B | VTI, VEU, IVV, VUG, AAPL |
| Q1 2025 | 704 | $3.6B | VTI, VEU, VUG, AAPL, BRK.B |
| Q4 2024 | 634 | $2.9B | VTI, VEU, VUG, AAPL, VTV |
| Q3 2024 | 537 | $2.6B | VTI, VEU, VUG, CMG, VTV |
| Q2 2024 | 485 | $2.2B | VTI, VEU, VUG, CMG, VTV |
| Q1 2024 | 379 | $1.7B | VTI, VEU, CMG, VUG, VTV |