Summit Financial, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Summit Financial, LLC reported 634 stock positions worth $2.9 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 15.1% of the portfolio, followed by Vanguard Ftse All-World Ex-U (VEU, 6.8%) and Vanguard Mrngstar GR ETF-Sui (VUG, 3.1%). Compared with Q3 2024, it opened 119 new positions, sold out of 22, added to 367 and reduced 135. The biggest buy was Nvidia (NVDA, shares +40%) and the biggest sale Chipotle Mexican Grill (CMG, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- PARSIPPANY, NJ
- CIK
- 0001765536
- Portfolio Value
- $2.9B (Q4 2024)
- SEC Filing
- 0001765536-25-000001 ↗ filed Feb 12, 2025
Holdings Value
Holdings 634 stocks · $2.9B
| VTI VG Morningstar TS MKT ETF-US | 15.08% | 1,483,150 | $429.8M | Add +2.1% |
| VEU Vanguard Ftse All-World Ex-U | 6.77% | 3,359,902 | $192.9M | Add +4.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.15% | 218,767 | $89.8M | Reduce -2.3% |
| AAPL Apple Inc. | 2.52% | 286,408 | $71.7M | Add +12.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.49% | 419,398 | $71.0M | Add +7.2% |
| NVDA Nvidia Corp. | 2.00% | 425,192 | $57.1M | Add +39.6% |
| MSFT Microsoft Corp. | 1.93% | 130,425 | $55.0M | Add +9.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.90% | 92,247 | $54.2M | Add +6.1% |
| AMZN Amazon.com Inc. | 1.72% | 223,937 | $49.1M | Add +2.4% |
| VOO Vanguard S&P 500 ETF | 1.61% | 85,085 | $45.8M | Add +8.2% |
| IVV iShares Core S&P 500 ETF | 1.40% | 67,888 | $40.0M | Add +14.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.37% | 197,507 | $39.1M | Add +8.3% |
| META Meta Platforms Inc. Class A | 1.18% | 57,649 | $33.8M | Reduce -3.1% |
| IEFA iShares Core MSCI Eafe ETF | 1.04% | 422,118 | $29.7M | Add +22.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 1.00% | 176,987 | $28.6M | Add +1.2% |
| COST Costco Wholesale Corp. | 0.90% | 27,916 | $25.6M | Add +3.7% |
| VEA Vanguard Ftse Developed ETF | 0.86% | 512,606 | $24.5M | Add +5.4% |
| JPM JPMorgan Chase & Co. | 0.79% | 94,276 | $22.6M | Add +8.2% |
| AVGO Broadcom Inc. | 0.76% | 92,877 | $21.5M | Add +4.8% |
| WPM Wheaton Precious Metals Corp. | 0.73% | 371,574 | $20.9M | Add +8.0% |
| IWM iShares Russell 2000 ETF | 0.68% | 88,243 | $19.5M | Add +5.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.67% | 37,607 | $19.2M | Add +11.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.67% | 42,185 | $19.1M | Add +24.7% |
| AGG iShares Core U.S. Aggregate | 0.63% | 184,756 | $17.9M | Add +1.9% |
| WMT Walmart Inc. | 0.61% | 193,080 | $17.5M | Add +5.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.59% | 70,297 | $16.9M | Add +2.6% |
| NFLX Netflix Inc. | 0.59% | 18,885 | $16.8M | Reduce -4.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.58% | 62,524 | $16.5M | Add +8.5% |
| CMG Chipotle Mexican Grill Inc. | 0.53% | 251,958 | $15.2M | Reduce -79.0% |
| IWF iShares Russell 1000 Growth | 0.53% | 37,656 | $15.1M | Add +7.9% |
| USFR Wisdomtree Floating Rate Tre | 0.49% | 277,540 | $14.0M | Add +508.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.48% | 275,835 | $13.8M | Add +7.6% |
| CAT Caterpillar Inc. | 0.48% | 37,737 | $13.7M | Add +2.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.48% | 154,226 | $13.6M | Add +11.1% |
| ET Energy Transfer LP | 0.47% | 685,525 | $13.4M | Add +227.7% |
| MUB iShares National Muni Bond E | 0.47% | 125,890 | $13.4M | Add +6.0% |
| XOM Exxon Mobil Corp. | 0.46% | 122,310 | $13.2M | Add +39.6% |
| V Visa Inc. Class A | 0.46% | 41,139 | $13.0M | Add +7.7% |
| ITOT iShares Core S&P Total U.S. | 0.45% | 98,756 | $12.7M | Add +26.3% |
| UNH Unitedhealth Group Inc. | 0.44% | 24,729 | $12.5M | Add +5.1% |
| IJH iShares Core S&P Midcap ETF | 0.43% | 196,460 | $12.2M | Add +2.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.42% | 232,384 | $12.0M | Add +16.9% |
| IEMG iShares Core MSCI Emerging | 0.42% | 228,424 | $11.9M | Add +0.3% |
| VWO Vanguard Ftse Emerging Marke | 0.40% | 255,737 | $11.3M | Add +5.2% |
| FANG Diamondback Energy Inc. | 0.39% | 67,783 | $11.1M | Add +1.9% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.38% | 213,064 | $10.9M | Add +13.1% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.38% | 239,651 | $10.8M | Add +30.2% |
| TSLA Tesla Inc. | 0.37% | 26,195 | $10.6M | Add +1.8% |
| VCIT Vanguard Int-Term Corporate | 0.36% | 127,831 | $10.3M | Add +11.2% |
| MRK Merck & Co. Inc. | 0.36% | 102,099 | $10.2M | Add +34.2% |
| IWD iShares Russell 1000 Value E | 0.36% | 55,204 | $10.2M | Add +15.3% |
| LLY Eli Lilly & Co. | 0.34% | 12,468 | $9.6M | Add +92.3% |
| XLI SS Industrial Select Sector | 0.33% | 72,456 | $9.5M | Add +0.7% |
| HD Home Depot Inc. | 0.33% | 24,129 | $9.4M | Add +17.3% |
| GM General Motors Co. | 0.33% | 175,867 | $9.4M | Add +84.7% |
| GOOG Alphabet Inc. Class C | 0.33% | 49,101 | $9.4M | Add +8.3% |
| RSP Invesco S&P 500 Equal Weight | 0.32% | 51,983 | $9.1M | Add +20.1% |
| SYK Stryker Corp. | 0.31% | 24,456 | $8.8M | Add +236.9% |
| SCHD Schwab US DVD Equity ETF | 0.30% | 311,603 | $8.5M | Add +755.4% |
| ABBV Abbvie Inc. | 0.30% | 47,745 | $8.5M | Add +19.1% |
| VYM Vanguard High DVD Yield ETF | 0.30% | 66,138 | $8.4M | Add +0.9% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.28% | 243,335 | $8.1M | Reduce -2.7% |
| TLT iShares 20+ Year Treasury BD | 0.28% | 92,488 | $8.1M | Reduce -28.6% |
| IEF iShares 7-10 Year Treasury B | 0.28% | 86,469 | $8.0M | Reduce -9.0% |
| SCHR Schwab Intermediate-Term US | 0.28% | 326,363 | $7.9M | Add +7.2% |
| JNJ Johnson & Johnson | 0.28% | 54,457 | $7.9M | Add +24.9% |
| HON Honeywell International Inc. | 0.27% | 34,347 | $7.8M | Add +15.8% |
| CCJ Cameco Corp. | 0.27% | 150,172 | $7.7M | Add +260.0% |
| SCHP Schwab U.S. Tips ETF | 0.27% | 297,062 | $7.7M | Add +42.6% |
| REGN Regeneron Pharmaceuticals | 0.26% | 10,532 | $7.5M | Reduce -17.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.26% | 37,582 | $7.4M | Add +34.4% |
| PDI PIMCO Dynamic Income Fund | 0.26% | 400,623 | $7.4M | New |
| URI United Rentals Inc. | 0.26% | 10,535 | $7.4M | Reduce -1.1% |
| GLD SPDR Gold Shares | 0.26% | 30,538 | $7.4M | Add +11.0% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.26% | 147,227 | $7.3M | Add +7.1% |
| BND Vanguard Total Bond Market | 0.25% | 99,748 | $7.2M | Add +8.3% |
| IWN iShares Russell 2000 Value E | 0.25% | 43,642 | $7.2M | Add +266.9% |
| EXE Expand Energy Corp. | 0.24% | 69,116 | $6.9M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.24% | 63,407 | $6.8M | Add +2.4% |
| SCHG Schwab US Large-Cap Growth | 0.24% | 242,120 | $6.7M | Add +22.0% |
| ABT Abbott Laboratories | 0.23% | 58,939 | $6.7M | Add +18.0% |
| PG The Procter & Gamble Co. | 0.23% | 38,859 | $6.5M | Add +6.8% |
| SPIB SS SPDR P Int C Corp. ETF | 0.22% | 192,684 | $6.3M | Add +15.7% |
| CRM Salesforce Inc. | 0.22% | 18,699 | $6.3M | Reduce -2.7% |
| SCHX Schwab US Large-Cap ETF | 0.22% | 269,602 | $6.2M | Add +43.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 51,090 | $6.2M | Add +65.8% |
| MS Morgan Stanley | 0.22% | 49,065 | $6.2M | Reduce -0.7% |
| ORCL Oracle Corp. | 0.22% | 36,841 | $6.1M | Add +0.0% |
| KO The Coca-Cola Co. | 0.21% | 97,757 | $6.1M | Add +11.4% |
| VIG Vanguard Dividend Apprec ETF | 0.21% | 31,025 | $6.1M | Reduce -5.1% |
| XLK SS Technology Select Sector | 0.21% | 26,076 | $6.1M | Reduce -15.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.21% | 77,660 | $6.1M | Add +63.1% |
| NEE Nextera Energy Inc. | 0.21% | 83,530 | $6.0M | Add +9.3% |
| XLE SS Energy Select Sector | 0.21% | 68,818 | $5.9M | Reduce -1.9% |
| IWO iShares Russell 2000 Growth | 0.21% | 20,466 | $5.9M | Add +5.1% |
| MA Mastercard Inc. Class A | 0.21% | 11,135 | $5.9M | Add +17.6% |
| IJR iShares Core S&P Small-Cap E | 0.20% | 50,180 | $5.8M | Reduce -7.3% |
| SPGI S&P Global Inc. | 0.20% | 11,443 | $5.7M | Reduce -1.4% |
| ADP Automatic Data Processing | 0.20% | 19,349 | $5.7M | Add +14.8% |
| CYBR Cyberark Software Ltd./Israel | 0.20% | 16,991 | $5.7M | Add +0.7% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TENN VALLEY AUTHORITY (TVA V0 05/01/29 A) | Pfd Stk | 46,285 | $1.0M | Add +4.3% |
| TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) | Corporate Bond | 39,479 | $889K | Add +5.0% |
Total filed on the 13F, all lines: $2.9B.
Portfolio Sells Q3 2024 → Q4 2024
| CMG Chipotle Mexican Grill Inc. | Reduce -79.0% | 0.53% | −2.18 |
| REGN Regeneron Pharmaceuticals | Reduce -17.6% | 0.26% | −0.26 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.3% | 3.15% | −0.22 |
| TLT iShares 20+ Year Treasury BD | Reduce -28.6% | 0.28% | −0.21 |
| META Meta Platforms Inc. Class A | Reduce -3.1% | 1.18% | −0.15 |
| DKNG Draftkings Inc. Class A | Reduce -39.4% | 0.14% | −0.14 |
| IWS iShares Russell Mid-Cap Valu | Reduce -57.5% | 0.07% | −0.13 |
| SA Seabridge Gold Inc. | Reduce -32.5% | 0.07% | −0.10 |
| IEF iShares 7-10 Year Treasury B | Reduce -9.0% | 0.28% | −0.09 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -2.7% | 0.28% | −0.08 |
| URI United Rentals Inc. | Reduce -1.1% | 0.26% | −0.08 |
| EFA iShares MSCI Eafe ETF | Reduce -40.6% | 0.07% | −0.08 |
| SHW The Sherwin-Williams Co. | Reduce -14.3% | 0.15% | −0.07 |
| XLK SS Technology Select Sector | Reduce -15.8% | 0.21% | −0.06 |
| XLV SS Health Care Select Sector | Reduce -15.2% | 0.12% | −0.06 |
| PLD Prologis Inc. | Reduce -36.2% | 0.05% | −0.05 |
| AMT American Tower Corp. | Reduce -25.3% | 0.06% | −0.05 |
| EWJ iShares MSCI Japan ETF | Reduce -81.0% | 0.01% | −0.05 |
| IJR iShares Core S&P Small-Cap E | Reduce -7.3% | 0.20% | −0.05 |
| VIG Vanguard Dividend Apprec ETF | Reduce -5.1% | 0.21% | −0.04 |
| IWP iShares Russell Mid-Cap Grow | Reduce -28.2% | 0.09% | −0.04 |
| ACWV iShares MSCI Global Min Vol | Reduce -24.1% | 0.07% | −0.04 |
| SBUX Starbucks Corp. | Reduce -11.5% | 0.11% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.8% | 0.09% | −0.04 |
| SPGI S&P Global Inc. | Reduce -1.4% | 0.20% | −0.04 |
| XLE SS Energy Select Sector | Reduce -1.9% | 0.21% | −0.03 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -71.8% | 0.01% | −0.03 |
| UPS United Parcel Service Class B | Reduce -7.5% | 0.11% | −0.03 |
| CB Chubb Ltd. | Reduce -3.1% | 0.15% | −0.03 |
| TT Trane Technologies PLC | Reduce -10.4% | 0.09% | −0.03 |
| VXUS Vanguard Total Intl Stock | Reduce -3.5% | 0.09% | −0.03 |
| EWW iShares MSCI Mexico ETF | Sold out | 0.00% | −0.03 |
| USIG iShares Broad Usd Investment | Reduce -33.3% | 0.03% | −0.02 |
| DHR Danaher Corp. | Reduce -1.2% | 0.07% | −0.02 |
| MAR Marriott International Class A | Reduce -30.4% | 0.06% | −0.02 |
| ZTS Zoetis Inc. | Reduce -3.1% | 0.06% | −0.02 |
| PSX Phillips 66 | Reduce -0.6% | 0.08% | −0.02 |
| AMP Ameriprise Financial Inc. | Reduce -19.6% | 0.09% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -0.3% | 0.09% | −0.02 |
| EMB iShares JP Morgan Usd Emergi | Reduce -17.1% | 0.04% | −0.02 |
| VXF Vanguard Extended Market ETF | Reduce -7.2% | 0.10% | −0.02 |
| DEO Diageo PLC-Sponsored ADR | Reduce -26.4% | 0.02% | −0.02 |
| PRF Invesco Rafi US 1000 ETF | Reduce -3.8% | 0.09% | −0.02 |
| SJNK SS SPDR BB St Hi Yield ETF | Sold out | 0.00% | −0.02 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -1.0% | 0.06% | −0.02 |
| IDXX Idexx Laboratories Inc. | Reduce -4.3% | 0.04% | −0.01 |
| PH Parker Hannifin Corp. | Reduce -3.0% | 0.10% | −0.01 |
| KWEB Kranesh Csi China Internet | Reduce -1.9% | 0.04% | −0.01 |
| HSY The Hershey Co. | Reduce -27.0% | 0.02% | −0.01 |
| RF Regions Financial Corp. | Reduce -12.0% | 0.05% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +39.6% | 2.00% | +0.55 |
| USFR Wisdomtree Floating Rate Tre | Add +508.3% | 0.49% | +0.40 |
| ET Energy Transfer LP | Add +227.7% | 0.47% | +0.34 |
| PDI PIMCO Dynamic Income Fund | New | 0.26% | +0.26 |
| SCHD Schwab US DVD Equity ETF | Add +755.4% | 0.30% | +0.26 |
| EXE Expand Energy Corp. | New | 0.24% | +0.24 |
| SYK Stryker Corp. | Add +236.9% | 0.31% | +0.21 |
| CCJ Cameco Corp. | Add +260.0% | 0.27% | +0.19 |
| AAPL Apple Inc. | Add +12.1% | 2.52% | +0.18 |
| IWN iShares Russell 2000 Value E | Add +266.9% | 0.25% | +0.17 |
| UUUU Energy Fuels Inc. | New | 0.17% | +0.17 |
| GM General Motors Co. | Add +84.7% | 0.33% | +0.16 |
| AVGO Broadcom Inc. | Add +4.8% | 0.76% | +0.16 |
| DNN Denison Mines Corp. | New | 0.15% | +0.15 |
| NTR Nutrien Ltd. | New | 0.15% | +0.15 |
| IWY iShares Russell Top 200 Grow | New | 0.15% | +0.15 |
| UEC Uranium Energy Corp. | New | 0.14% | +0.14 |
| KYN Kayne Anderson Energy Infra | New | 0.14% | +0.14 |
| IAU iShares Gold Trust | Add +1591.5% | 0.15% | +0.14 |
| DXJ Wisdomtree Japan Hedged Eq | New | 0.13% | +0.13 |
| AMZN Amazon.com Inc. | Add +2.4% | 1.72% | +0.13 |
| MOS The Mosaic Co. | New | 0.13% | +0.13 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.12% | +0.12 |
| EPD Enterprise Products Partners | Add +350.2% | 0.16% | +0.12 |
| LLY Eli Lilly & Co. | Add +92.3% | 0.34% | +0.11 |
| PBA Pembina Pipeline Corp. | New | 0.11% | +0.11 |
| TSLA Tesla Inc. | Add +1.8% | 0.37% | +0.11 |
| SCCO Southern Copper Corp. | New | 0.10% | +0.10 |
| SIL Global X Silver Miners ETF | New | 0.09% | +0.09 |
| OKE Oneok Inc. | Add +551.4% | 0.11% | +0.09 |
| QUAL iShares MSCI USA Quality Fac | Add +222.0% | 0.12% | +0.08 |
| GEL Genesis Energy L.P. | New | 0.07% | +0.07 |
| TJX TJX Companies Inc. | Add +65.8% | 0.22% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +8.2% | 0.79% | +0.07 |
| FRO Frontline PLC | New | 0.07% | +0.07 |
| DEI Douglas Emmett Inc. | New | 0.07% | +0.07 |
| T AT&T Inc. | Add +69.5% | 0.20% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +34.4% | 0.26% | +0.07 |
| SU Suncor Energy Inc. | New | 0.07% | +0.07 |
| XLY SS Consumer Disc Select Sect | Add +161.0% | 0.10% | +0.06 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +63.1% | 0.21% | +0.06 |
| ITOT iShares Core S&P Total U.S. | Add +26.3% | 0.45% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +24.7% | 0.67% | +0.06 |
| CVX Chevron Corp. | Add +91.5% | 0.15% | +0.06 |
| CSCO Cisco Systems Inc. | Add +55.0% | 0.17% | +0.06 |
| IBM Intl Business Machines Corp. | Add +67.1% | 0.18% | +0.06 |
| XOM Exxon Mobil Corp. | Add +39.6% | 0.46% | +0.06 |
| AXP American Express Co. | Add +109.8% | 0.11% | +0.06 |
| WMB Williams Cos Inc. | Add +49.9% | 0.15% | +0.06 |
| BAC Bank of America Corp. | Add +86.9% | 0.12% | +0.06 |
Notes & Other Activity Q3 2024 → Q4 2024
| TENN VALLEY AUTHORITY (TVA V0 05/01/29 A) | Pfd Stk | Add +4.3% | 46,285 | $1.0M |
| TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) | Corporate Bond | Add +5.0% | 39,479 | $889K |
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 |