Summit Financial, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Summit Financial, LLC reported 704 stock positions worth $3.6 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 11.7% of the portfolio, followed by Vanguard Ftse All-World Ex-U (VEU, 5.7%) and Vanguard Mrngstar GR ETF-Sui (VUG, 2.4%). Compared with Q4 2024, it opened 106 new positions, sold out of 36, added to 412 and reduced 168. The biggest buy was a new position in iShares 0-1 Year Treasury Bo (SHV) and the biggest sale Vanguard Ftse All-World Ex-U (VEU, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- PARSIPPANY, NJ
- CIK
- 0001765536
- Portfolio Value
- $3.6B (Q1 2025)
- SEC Filing
- 0001765536-25-000004 ↗ filed May 14, 2025
Holdings Value
Holdings 704 stocks · $3.6B
| VTI VG Morningstar TS MKT ETF-US | 11.70% | 1,517,901 | $417.2M | Add +2.3% |
| VEU Vanguard Ftse All-World Ex-U | 5.68% | 3,340,457 | $202.6M | Reduce -0.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.39% | 229,949 | $85.3M | Add +5.1% |
| AAPL Apple Inc. | 2.30% | 368,654 | $81.9M | Add +28.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.21% | 147,924 | $78.8M | Add +250.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.12% | 437,227 | $75.5M | Add +4.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.97% | 125,348 | $70.1M | Add +35.9% |
| SHV iShares 0-1 Year Treasury Bo | 1.82% | 586,507 | $64.8M | New |
| MSFT Microsoft Corp. | 1.74% | 165,602 | $62.2M | Add +27.0% |
| AMZN Amazon.com Inc. | 1.59% | 298,559 | $56.8M | Add +33.3% |
| NVDA Nvidia Corp. | 1.49% | 490,833 | $53.2M | Add +15.4% |
| VOO Vanguard S&P 500 ETF | 1.39% | 96,643 | $49.7M | Add +13.6% |
| IVV iShares Core S&P 500 ETF | 1.25% | 79,081 | $44.4M | Add +16.5% |
| NEAR iShares SH Dba ETF Usd Inc. | 1.02% | 718,511 | $36.6M | New |
| QUAL iShares MSCI USA Quality Fac | 1.00% | 208,691 | $35.7M | Add +1000.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.00% | 191,374 | $35.7M | Reduce -3.1% |
| META Meta Platforms Inc. Class A | 0.95% | 59,085 | $34.1M | Add +2.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.92% | 69,746 | $32.7M | Add +85.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.85% | 384,920 | $30.4M | Add +765.0% |
| JPM JPMorgan Chase & Co. | 0.85% | 123,545 | $30.3M | Add +31.1% |
| VEA Vanguard Ftse Developed ETF | 0.81% | 564,968 | $28.7M | Add +10.2% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.80% | 177,641 | $28.5M | Add +0.4% |
| TLT iShares 20+ Year Treasury BD | 0.79% | 310,659 | $28.3M | Add +235.9% |
| COST Costco Wholesale Corp. | 0.73% | 27,659 | $26.2M | Reduce -0.9% |
| RSP Invesco S&P 500 Equal Weight | 0.72% | 147,266 | $25.5M | Add +183.3% |
| WPM Wheaton Precious Metals Corp. | 0.71% | 327,083 | $25.4M | Reduce -12.0% |
| DXJ Wisdomtree Japan Hedged Eq | 0.69% | 224,707 | $24.8M | Add +584.0% |
| AGG iShares Core U.S. Aggregate | 0.69% | 247,123 | $24.4M | Add +33.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.68% | 320,673 | $24.3M | Reduce -24.0% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.65% | 501,831 | $23.1M | Add +109.4% |
| IJH iShares Core S&P Midcap ETF | 0.64% | 391,386 | $22.8M | Add +99.2% |
| MOAT Vaneck Morningstar Wide Moat | 0.64% | 259,028 | $22.8M | Add +4808.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.58% | 79,552 | $20.6M | Add +27.2% |
| PDP Invesco Dorsey Wright Moment | 0.57% | 204,941 | $20.5M | New |
| WMT Walmart Inc. | 0.54% | 221,310 | $19.4M | Add +14.6% |
| NFLX Netflix Inc. | 0.52% | 19,837 | $18.5M | Add +5.0% |
| ITOT iShares Core S&P Total U.S. | 0.50% | 145,964 | $17.8M | Add +47.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.48% | 76,846 | $17.0M | Add +9.3% |
| IAU iShares Gold Trust | 0.46% | 279,758 | $16.5M | Add +232.6% |
| AVGO Broadcom Inc. | 0.45% | 96,086 | $16.1M | Add +3.5% |
| XOM Exxon Mobil Corp. | 0.43% | 129,378 | $15.4M | Add +5.8% |
| IEF iShares 7-10 Year Treasury B | 0.43% | 159,268 | $15.2M | Add +84.2% |
| SCHR Schwab Intermediate-Term US | 0.41% | 584,327 | $14.5M | Add +79.0% |
| V Visa Inc. Class A | 0.40% | 40,480 | $14.2M | Reduce -1.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.40% | 176,338 | $14.2M | Add +14.3% |
| IWF iShares Russell 1000 Growth | 0.39% | 38,912 | $14.1M | Add +3.3% |
| USFR Wisdomtree Floating Rate Tre | 0.39% | 277,763 | $14.0M | Add +0.1% |
| VWO Vanguard Ftse Emerging Marke | 0.38% | 300,852 | $13.6M | Add +17.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.38% | 257,948 | $13.5M | Add +11.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 54,221 | $13.5M | Add +131.8% |
| UNH Unitedhealth Group Inc. | 0.37% | 25,249 | $13.2M | Add +2.1% |
| GLD SPDR Gold Shares | 0.37% | 45,396 | $13.1M | Add +48.6% |
| ET Energy Transfer LP | 0.36% | 686,738 | $12.8M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.36% | 81,307 | $12.7M | Add +65.6% |
| ABBV Abbvie Inc. | 0.35% | 59,446 | $12.5M | Add +24.5% |
| EWJ iShares MSCI Japan ETF | 0.35% | 181,196 | $12.4M | Add +4481.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.34% | 239,048 | $12.2M | Add +12.2% |
| IWM iShares Russell 2000 ETF | 0.34% | 60,565 | $12.1M | Reduce -31.4% |
| EMHY iShares J.P. Morgan Em High | 0.32% | 301,221 | $11.5M | New |
| IWD iShares Russell 1000 Value E | 0.32% | 60,259 | $11.3M | Add +9.2% |
| VCIT Vanguard Int-Term Corporate | 0.31% | 134,582 | $11.0M | Add +5.3% |
| SCHD Schwab US DVD Equity ETF | 0.31% | 389,231 | $10.9M | Add +24.9% |
| IEMG iShares Core MSCI Emerging | 0.30% | 201,530 | $10.9M | Reduce -11.8% |
| XLG Invesco S&P 500 Top 50 ETF | 0.30% | 234,925 | $10.8M | New |
| CAT Caterpillar Inc. | 0.30% | 32,043 | $10.6M | Reduce -15.1% |
| LLY Eli Lilly & Co. | 0.29% | 12,488 | $10.3M | Add +0.2% |
| JNJ Johnson & Johnson | 0.28% | 59,211 | $9.8M | Add +8.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.27% | 58,957 | $9.8M | Add +56.9% |
| HD Home Depot Inc. | 0.27% | 26,328 | $9.6M | Add +9.1% |
| VYM Vanguard High DVD Yield ETF | 0.27% | 73,339 | $9.5M | Add +10.9% |
| FDN First Trust DJ Internet Ind | 0.26% | 41,879 | $9.3M | Add +780.4% |
| SCHX Schwab US Large-Cap ETF | 0.26% | 421,012 | $9.3M | Add +56.2% |
| IWO iShares Russell 2000 Growth | 0.26% | 35,599 | $9.1M | Add +73.9% |
| MRK Merck & Co. Inc. | 0.25% | 100,173 | $9.0M | Reduce -1.9% |
| ABT Abbott Laboratories | 0.24% | 65,838 | $8.7M | Add +11.7% |
| CRM Salesforce Inc. | 0.24% | 31,854 | $8.5M | Add +70.3% |
| LMBS First Trust Low Duration Opp | 0.24% | 171,090 | $8.4M | Add +528.0% |
| GM General Motors Co. | 0.23% | 177,886 | $8.4M | Add +1.1% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.23% | 228,856 | $8.3M | Reduce -6.0% |
| XLK SS Technology Select Sector | 0.23% | 39,585 | $8.2M | Add +51.8% |
| KO The Coca-Cola Co. | 0.23% | 114,056 | $8.2M | Add +16.7% |
| PDI PIMCO Dynamic Income Fund | 0.23% | 405,842 | $8.0M | Add +1.3% |
| MUB iShares National Muni Bond E | 0.22% | 75,411 | $8.0M | Reduce -40.1% |
| AXP American Express Co. | 0.22% | 29,500 | $7.9M | Add +170.5% |
| SCHP Schwab U.S. Tips ETF | 0.22% | 294,631 | $7.9M | Reduce -0.8% |
| EFA iShares MSCI Eafe ETF | 0.22% | 96,326 | $7.9M | Add +257.9% |
| VHT Vanguard Health Care ETF | 0.22% | 29,311 | $7.8M | Add +1344.6% |
| SYK Stryker Corp. | 0.22% | 20,821 | $7.8M | Reduce -14.9% |
| XLE SS Energy Select Sector | 0.22% | 82,189 | $7.7M | Add +19.4% |
| PG The Procter & Gamble Co. | 0.21% | 44,510 | $7.6M | Add +14.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.21% | 152,736 | $7.6M | Reduce -44.6% |
| CDL Victoryshares US Large Cap H | 0.21% | 109,339 | $7.5M | New |
| SCHG Schwab US Large-Cap Growth | 0.21% | 298,811 | $7.5M | Add +23.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.21% | 68,115 | $7.4M | Add +7.4% |
| SO The Southern Co. | 0.21% | 80,214 | $7.4M | Add +39.1% |
| TSLA Tesla Inc. | 0.21% | 28,282 | $7.3M | Add +8.0% |
| SPIB SS SPDR P Int C Corp. ETF | 0.21% | 220,261 | $7.3M | Add +14.3% |
| GMED Globus Medical Inc. Class A | 0.20% | 97,987 | $7.2M | New |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.20% | 140,002 | $7.0M | Reduce -4.9% |
| CFA Victoryshares US 500 Volatil | 0.20% | 83,172 | $7.0M | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $2.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TENN VALLEY AUTHORITY (TVA V0 05/01/29 A) | Pfd Stk | 47,581 | $1.1M | Add +2.8% |
| TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) | Corporate Bond | 40,129 | $954K | Add +1.6% |
Total filed on the 13F, all lines: $3.6B.
Portfolio Sells Q4 2024 → Q1 2025
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.6% | 5.68% | −1.08 |
| CMG Chipotle Mexican Grill Inc. | Reduce -85.5% | 0.05% | −0.48 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -3.1% | 1.00% | −0.37 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -24.0% | 0.68% | −0.36 |
| IWM iShares Russell 2000 ETF | Reduce -31.4% | 0.34% | −0.35 |
| FANG Diamondback Energy Inc. | Reduce -71.7% | 0.09% | −0.30 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -44.6% | 0.21% | −0.27 |
| MUB iShares National Muni Bond E | Reduce -40.1% | 0.22% | −0.25 |
| XLI SS Industrial Select Sector | Reduce -65.1% | 0.09% | −0.24 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.24 |
| URI United Rentals Inc. | Reduce -61.4% | 0.07% | −0.19 |
| CAT Caterpillar Inc. | Reduce -15.1% | 0.30% | −0.18 |
| COST Costco Wholesale Corp. | Reduce -0.9% | 0.73% | −0.16 |
| SCHV Schwab US Large-Cap Value | Reduce -78.2% | 0.03% | −0.14 |
| IEMG iShares Core MSCI Emerging | Reduce -11.8% | 0.30% | −0.11 |
| MRK Merck & Co. Inc. | Reduce -1.9% | 0.25% | −0.11 |
| HON Honeywell International Inc. | Reduce -13.6% | 0.18% | −0.10 |
| SYK Stryker Corp. | Reduce -14.9% | 0.22% | −0.09 |
| DKNG Draftkings Inc. Class A | Reduce -45.6% | 0.06% | −0.09 |
| BND Vanguard Total Bond Market | Reduce -20.6% | 0.16% | −0.09 |
| IDEV iShares Core MSCI Dev MKTS | Sold out | 0.00% | −0.08 |
| IWN iShares Russell 2000 Value E | Reduce -6.5% | 0.17% | −0.08 |
| XLV SS Health Care Select Sector | Reduce -57.3% | 0.04% | −0.07 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.07 |
| MS Morgan Stanley | Reduce -2.6% | 0.16% | −0.06 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Reduce -4.9% | 0.20% | −0.06 |
| V Visa Inc. Class A | Reduce -1.6% | 0.40% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -10.8% | 0.15% | −0.05 |
| IWS iShares Russell Mid-Cap Valu | Reduce -62.5% | 0.02% | −0.05 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -6.0% | 0.23% | −0.05 |
| ACN Accenture PLC Class A | Reduce -1.0% | 0.12% | −0.05 |
| BLK BlackRock Inc. | Reduce -0.1% | 0.14% | −0.05 |
| ACWV iShares MSCI Global Min Vol | Reduce -60.9% | 0.02% | −0.05 |
| TJX TJX Companies Inc. | Reduce -3.4% | 0.17% | −0.05 |
| SCHP Schwab U.S. Tips ETF | Reduce -0.8% | 0.22% | −0.05 |
| FXO First Trust Financial Alphad | Sold out | 0.00% | −0.04 |
| ISRG Intuitive Surgical Inc. | Reduce -2.7% | 0.11% | −0.04 |
| ADI Analog Devices Inc. | Reduce -7.2% | 0.10% | −0.04 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.04 |
| ZTS Zoetis Inc. | Reduce -54.2% | 0.02% | −0.04 |
| SPGI S&P Global Inc. | Reduce -1.0% | 0.16% | −0.04 |
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −0.04 |
| ITB iShares U.S. Home Constructi | Sold out | 0.00% | −0.04 |
| FXL First Trust Technology Alpha | Reduce -78.0% | 0.01% | −0.03 |
| IWB iShares Russell 1000 ETF | Reduce -34.3% | 0.03% | −0.03 |
| PRF Invesco Rafi US 1000 ETF | Reduce -18.5% | 0.06% | −0.03 |
| IWP iShares Russell Mid-Cap Grow | Reduce -9.7% | 0.06% | −0.03 |
| TT Trane Technologies PLC | Reduce -7.5% | 0.06% | −0.03 |
| BKNG Booking Holdings Inc. | Reduce -23.3% | 0.04% | −0.03 |
| FTEC Fidelity MSCI Info Tech Indx | Reduce -1.2% | 0.06% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| SHV iShares 0-1 Year Treasury Bo | New | 1.82% | +1.82 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +250.7% | 2.21% | +1.54 |
| NEAR iShares SH Dba ETF Usd Inc. | New | 1.02% | +1.02 |
| QUAL iShares MSCI USA Quality Fac | Add +1000.5% | 1.00% | +0.88 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +765.0% | 0.85% | +0.73 |
| MOAT Vaneck Morningstar Wide Moat | Add +4808.6% | 0.64% | +0.62 |
| PDP Invesco Dorsey Wright Moment | New | 0.57% | +0.57 |
| DXJ Wisdomtree Japan Hedged Eq | Add +584.0% | 0.69% | +0.57 |
| TLT iShares 20+ Year Treasury BD | Add +235.9% | 0.79% | +0.51 |
| RSP Invesco S&P 500 Equal Weight | Add +183.3% | 0.72% | +0.40 |
| EWJ iShares MSCI Japan ETF | Add +4481.4% | 0.35% | +0.34 |
| EMHY iShares J.P. Morgan Em High | New | 0.32% | +0.32 |
| IAU iShares Gold Trust | Add +232.6% | 0.46% | +0.32 |
| XLG Invesco S&P 500 Top 50 ETF | New | 0.30% | +0.30 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +109.4% | 0.65% | +0.27 |
| QQQ Invesco QQQ Trust Series 1 | Add +85.5% | 0.92% | +0.24 |
| FDN First Trust DJ Internet Ind | Add +780.4% | 0.26% | +0.22 |
| IJH iShares Core S&P Midcap ETF | Add +99.2% | 0.64% | +0.21 |
| CDL Victoryshares US Large Cap H | New | 0.21% | +0.21 |
| GMED Globus Medical Inc. Class A | New | 0.20% | +0.20 |
| VHT Vanguard Health Care ETF | Add +1344.6% | 0.22% | +0.20 |
| IBM Intl Business Machines Corp. | Add +131.8% | 0.38% | +0.20 |
| CFA Victoryshares US 500 Volatil | New | 0.20% | +0.20 |
| VFH Vanguard Financials ETF | New | 0.19% | +0.19 |
| LMBS First Trust Low Duration Opp | Add +528.0% | 0.24% | +0.19 |
| INDY iShares India 50 ETF | New | 0.18% | +0.18 |
| NOBL Proshares S&P 500 Dividend A | Add +721.8% | 0.19% | +0.16 |
| FXU First Trust Utilities Alphad | New | 0.16% | +0.16 |
| FXR First Trust Indst/Producers | Add +752.4% | 0.19% | +0.16 |
| EFA iShares MSCI Eafe ETF | Add +257.9% | 0.22% | +0.15 |
| IEF iShares 7-10 Year Treasury B | Add +84.2% | 0.43% | +0.15 |
| EPI Wisdomtree India Earnings | Add +453.3% | 0.18% | +0.14 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 0.13% | +0.13 |
| SCHR Schwab Intermediate-Term US | Add +79.0% | 0.41% | +0.13 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +357.0% | 0.17% | +0.12 |
| ALB Albemarle Corp. | New | 0.12% | +0.12 |
| VMRK Vivmark Residential | New | 0.12% | +0.12 |
| SCHF Schwab Intl Equity ETF | Add +699.2% | 0.14% | +0.12 |
| AXP American Express Co. | Add +170.5% | 0.22% | +0.11 |
| GLD SPDR Gold Shares | Add +48.6% | 0.37% | +0.11 |
| MODL Victoryshares Westend US Sec | New | 0.10% | +0.10 |
| BRO Brown & Brown Inc. | Add +404.1% | 0.12% | +0.10 |
| ROP Roper Technologies Inc. | Add +1020.2% | 0.10% | +0.09 |
| RNR Renaissancere Holdings Ltd. | New | 0.09% | +0.09 |
| FEZ State Street SPDR Euro Stoxx | New | 0.08% | +0.08 |
| SPHQ Invesco S&P 500 Quality ETF | New | 0.08% | +0.08 |
| CDX Simplify High Yield ETF | Add +733.0% | 0.09% | +0.08 |
| BMI Badger Meter Inc. | New | 0.08% | +0.08 |
| VGT Vanguard Info Tech ETF | Add +214.5% | 0.14% | +0.08 |
| CORP PIMCO Inv Grade Corp. BD ETF | New | 0.08% | +0.08 |
Notes & Other Activity Q4 2024 → Q1 2025
| TENN VALLEY AUTHORITY (TVA V0 05/01/29 A) | Pfd Stk | Add +2.8% | 47,581 | $1.1M |
| TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) | Corporate Bond | Add +1.6% | 40,129 | $954K |
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 |