Summit Financial, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Summit Financial, LLC reported 805 stock positions worth $4.4 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 11.4% of the portfolio, followed by Vanguard Ftse All-World Ex-U (VEU, 5.2%) and iShares Core S&P 500 ETF (IVV, 2.6%). Compared with Q1 2025, it opened 129 new positions, sold out of 28, added to 421 and reduced 239. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +136%) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- PARSIPPANY, NJ
- CIK
- 0001765536
- Portfolio Value
- $4.4B (Q2 2025)
- SEC Filing
- 0001765536-25-000007 ↗ filed Aug 13, 2025
Holdings Value
Holdings 805 stocks · $4.4B
| VTI VG Morningstar TS MKT ETF-US | 11.37% | 1,648,443 | $502.5M | Add +8.6% |
| VEU Vanguard Ftse All-World Ex-U | 5.22% | 3,430,347 | $230.6M | Add +2.7% |
| IVV iShares Core S&P 500 ETF | 2.62% | 186,655 | $115.9M | Add +136.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.36% | 237,854 | $104.4M | Add +3.4% |
| AAPL Apple Inc. | 2.35% | 507,505 | $104.1M | Add +37.7% |
| NVDA Nvidia Corp. | 2.15% | 602,850 | $95.3M | Add +22.8% |
| MSFT Microsoft Corp. | 2.09% | 185,451 | $92.2M | Add +12.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.00% | 142,948 | $88.6M | Add +14.0% |
| VOO Vanguard S&P 500 ETF | 1.77% | 137,724 | $78.5M | Add +42.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.77% | 161,269 | $78.3M | Add +9.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.71% | 425,301 | $75.6M | Reduce -2.7% |
| AMZN Amazon.com Inc. | 1.53% | 308,445 | $67.7M | Add +3.3% |
| QQQ Invesco QQQ Trust Series 1 | 1.47% | 117,949 | $65.1M | Add +69.1% |
| JPM JPMorgan Chase & Co. | 1.09% | 166,679 | $48.3M | Add +34.9% |
| META Meta Platforms Inc. Class A | 1.01% | 60,791 | $44.9M | Add +2.9% |
| TLT iShares 20+ Year Treasury BD | 0.99% | 498,086 | $44.0M | Add +60.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.90% | 203,262 | $39.8M | Add +6.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.86% | 454,759 | $38.0M | Add +41.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.85% | 227,073 | $37.5M | Add +27.8% |
| VEA Vanguard Ftse Developed ETF | 0.84% | 650,132 | $37.1M | Add +15.1% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.82% | 709,707 | $36.3M | Reduce -1.2% |
| SHV iShares 0-1 Year Treasury Bo | 0.73% | 292,466 | $32.3M | Reduce -50.1% |
| RSP Invesco S&P 500 Equal Weight | 0.70% | 170,894 | $31.1M | Add +16.0% |
| NFLX Netflix Inc. | 0.67% | 22,038 | $29.5M | Add +11.1% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.66% | 348,672 | $29.3M | Add +13357.0% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.66% | 358,714 | $29.3M | Reduce -6.8% |
| AVGO Broadcom Inc. | 0.64% | 103,163 | $28.4M | Add +7.4% |
| COST Costco Wholesale Corp. | 0.62% | 27,507 | $27.2M | Reduce -0.6% |
| WPM Wheaton Precious Metals Corp. | 0.59% | 290,671 | $26.1M | Reduce -11.1% |
| WMT Walmart Inc. | 0.55% | 248,793 | $24.3M | Add +12.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.55% | 86,019 | $24.2M | Add +8.1% |
| AGG iShares Core U.S. Aggregate | 0.54% | 241,108 | $23.9M | Reduce -2.4% |
| IJH iShares Core S&P Midcap ETF | 0.54% | 383,816 | $23.8M | Reduce -1.9% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.54% | 514,749 | $23.8M | Add +2.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.53% | 255,316 | $23.4M | Add +5190.4% |
| MOAT Vaneck Morningstar Wide Moat | 0.52% | 246,382 | $23.1M | Reduce -4.9% |
| EWJ iShares MSCI Japan ETF | 0.52% | 308,129 | $23.1M | Add +70.0% |
| PDP Invesco Dorsey Wright Moment | 0.51% | 208,491 | $22.6M | Add +1.7% |
| VCIT Vanguard Int-Term Corporate | 0.51% | 271,631 | $22.5M | Add +101.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.51% | 234,981 | $22.4M | Add +33.3% |
| GLD SPDR Gold Shares | 0.48% | 69,877 | $21.3M | Add +53.9% |
| BND Vanguard Total Bond Market | 0.48% | 288,362 | $21.2M | Add +264.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.46% | 84,832 | $20.2M | Add +10.4% |
| ITOT iShares Core S&P Total U.S. | 0.46% | 149,122 | $20.1M | Add +2.2% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.42% | 42,383 | $18.7M | Add +226.4% |
| GOOG Alphabet Inc. Class C | 0.39% | 97,269 | $17.3M | Add +19.6% |
| IAU iShares Gold Trust | 0.39% | 274,775 | $17.1M | Reduce -1.8% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.39% | 326,462 | $17.1M | Add +36.6% |
| VWO Vanguard Ftse Emerging Marke | 0.38% | 343,821 | $17.0M | Add +14.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 57,063 | $16.8M | Add +5.2% |
| XOM Exxon Mobil Corp. | 0.36% | 148,363 | $16.0M | Add +14.7% |
| IWF iShares Russell 1000 Growth | 0.35% | 36,749 | $15.6M | Reduce -5.6% |
| SCHR Schwab Intermediate-Term US | 0.35% | 612,910 | $15.3M | Add +4.9% |
| IEMG iShares Core MSCI Emerging | 0.34% | 253,143 | $15.2M | Add +25.6% |
| V Visa Inc. Class A | 0.34% | 42,149 | $15.0M | Add +4.1% |
| SCHG Schwab US Large-Cap Growth | 0.34% | 508,661 | $14.9M | Add +70.2% |
| JNJ Johnson & Johnson | 0.33% | 96,363 | $14.7M | Add +62.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.33% | 276,923 | $14.6M | Add +7.4% |
| VYM Vanguard High DVD Yield ETF | 0.31% | 103,247 | $13.8M | Add +40.8% |
| TSLA Tesla Inc. | 0.31% | 43,142 | $13.7M | Add +52.5% |
| IWM iShares Russell 2000 ETF | 0.31% | 63,422 | $13.7M | Add +4.7% |
| USFR Wisdomtree Floating Rate Tre | 0.30% | 260,520 | $13.1M | Reduce -6.2% |
| ET Energy Transfer LP | 0.28% | 688,464 | $12.5M | Add +0.3% |
| ABBV Abbvie Inc. | 0.28% | 65,655 | $12.2M | Add +10.4% |
| EMHY iShares J.P. Morgan Em High | 0.27% | 307,753 | $12.0M | Add +2.2% |
| HD Home Depot Inc. | 0.27% | 32,012 | $11.7M | Add +21.6% |
| SCHX Schwab US Large-Cap ETF | 0.26% | 474,816 | $11.6M | Add +12.8% |
| IWD iShares Russell 1000 Value E | 0.26% | 59,301 | $11.5M | Reduce -1.6% |
| XLK SS Technology Select Sector | 0.26% | 45,036 | $11.4M | Add +13.8% |
| LLY Eli Lilly & Co. | 0.25% | 14,062 | $11.0M | Add +12.6% |
| XLG Invesco S&P 500 Top 50 ETF | 0.25% | 209,126 | $10.9M | Reduce -11.0% |
| SCHD Schwab US DVD Equity ETF | 0.24% | 405,457 | $10.7M | Add +4.2% |
| XLF SS Financial Select Sector | 0.24% | 204,878 | $10.7M | Add +50.3% |
| QUAL iShares MSCI USA Quality Fac | 0.24% | 58,611 | $10.7M | Reduce -71.9% |
| GM General Motors Co. | 0.24% | 217,249 | $10.7M | Add +22.1% |
| IWO iShares Russell 2000 Growth | 0.24% | 37,303 | $10.7M | Add +4.8% |
| AXP American Express Co. | 0.24% | 33,169 | $10.6M | Add +12.4% |
| FDN First Trust DJ Internet Ind | 0.24% | 39,239 | $10.6M | Reduce -6.3% |
| IEF iShares 7-10 Year Treasury B | 0.24% | 109,823 | $10.5M | Reduce -31.1% |
| ORCL Oracle Corp. | 0.23% | 46,641 | $10.2M | Add +15.5% |
| SCHB Schwab US Broad Market ETF | 0.23% | 421,032 | $10.0M | Add +77.3% |
| T AT&T Inc. | 0.22% | 340,306 | $9.8M | Add +43.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.22% | 43,162 | $9.8M | Reduce -26.8% |
| FPE FT-Preferred Secur & Inc. ETF | 0.22% | 537,716 | $9.6M | Add +554.1% |
| BBCA JPMorgan Betabuilders Canada | 0.22% | 117,998 | $9.5M | New |
| IJR iShares Core S&P Small-Cap E | 0.21% | 86,953 | $9.5M | Add +46.7% |
| MRK Merck & Co. Inc. | 0.21% | 118,529 | $9.5M | Add +18.3% |
| FXO First Trust Financial Alphad | 0.21% | 162,813 | $9.1M | New |
| BX Blackstone Inc. | 0.21% | 60,681 | $9.1M | Add +232.5% |
| CCJ Cameco Corp. | 0.20% | 121,259 | $9.0M | Reduce -26.1% |
| SPIB SS SPDR P Int C Corp. ETF | 0.20% | 264,930 | $8.9M | Add +20.3% |
| SCHC Schwab Intl Small-Cap Equity | 0.20% | 207,802 | $8.9M | Add +170.5% |
| KO The Coca-Cola Co. | 0.20% | 121,322 | $8.6M | Add +6.4% |
| EFA iShares MSCI Eafe ETF | 0.19% | 95,555 | $8.5M | Reduce -0.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.19% | 171,657 | $8.4M | Add +12.4% |
| XLE SS Energy Select Sector | 0.19% | 99,018 | $8.4M | Add +20.5% |
| PDI PIMCO Dynamic Income Fund | 0.19% | 435,437 | $8.4M | Add +7.3% |
| MELI MercadoLibre Inc. | 0.19% | 3,162 | $8.3M | Add +1.8% |
| CSCO Cisco Systems Inc. | 0.19% | 118,021 | $8.2M | Add +14.0% |
| ABT Abbott Laboratories | 0.18% | 59,274 | $8.1M | Reduce -10.0% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $2.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TENN VALLEY AUTHORITY (TVA V0 05/01/29 A) | Pfd Stk | 48,927 | $1.1M | Add +2.8% |
| TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) | Corporate Bond | 41,356 | $968K | Add +3.1% |
| QWEST CORP (CTL 6.5 09/01/56) | COM | 15,920 | $287K | New |
| PRUDENTIAL FINANCIAL INC (PRU 5.625 08/15/58) | PFD | 11,164 | $262K | New |
Total filed on the 13F, all lines: $4.4B.
Portfolio Sells Q1 2025 → Q2 2025
| SHV iShares 0-1 Year Treasury Bo | Reduce -50.1% | 0.73% | −1.09 |
| QUAL iShares MSCI USA Quality Fac | Reduce -71.9% | 0.24% | −0.76 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -86.2% | 0.08% | −0.61 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -2.7% | 1.71% | −0.41 |
| UNH Unitedhealth Group Inc. | Reduce -34.2% | 0.12% | −0.25 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -1.2% | 0.82% | −0.20 |
| GMED Globus Medical Inc. Class A | Sold out | 0.00% | −0.20 |
| CAT Caterpillar Inc. | Reduce -61.8% | 0.11% | −0.19 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -6.8% | 0.66% | −0.19 |
| IEF iShares 7-10 Year Treasury B | Reduce -31.1% | 0.24% | −0.19 |
| EPI Wisdomtree India Earnings | Reduce -79.5% | 0.03% | −0.15 |
| AGG iShares Core U.S. Aggregate | Reduce -2.4% | 0.54% | −0.14 |
| CRM Salesforce Inc. | Reduce -48.1% | 0.10% | −0.14 |
| WPM Wheaton Precious Metals Corp. | Reduce -11.1% | 0.59% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -0.6% | 0.62% | −0.12 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -4.9% | 0.52% | −0.12 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.9% | 0.54% | −0.10 |
| LMBS First Trust Low Duration Opp | Reduce -28.8% | 0.14% | −0.10 |
| USFR Wisdomtree Floating Rate Tre | Reduce -6.2% | 0.30% | −0.10 |
| BIV Vanguard Intermediate-Term B | Reduce -61.0% | 0.04% | −0.09 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -32.1% | 0.14% | −0.09 |
| REGN Regeneron Pharmaceuticals | Reduce -16.9% | 0.10% | −0.08 |
| XLRE SS Real Estate Select Sector | Reduce -76.9% | 0.02% | −0.08 |
| IAU iShares Gold Trust | Reduce -1.8% | 0.39% | −0.07 |
| FANG Diamondback Energy Inc. | Reduce -74.4% | 0.02% | −0.07 |
| ABT Abbott Laboratories | Reduce -10.0% | 0.18% | −0.06 |
| IWD iShares Russell 1000 Value E | Reduce -1.6% | 0.26% | −0.06 |
| XLG Invesco S&P 500 Top 50 ETF | Reduce -11.0% | 0.25% | −0.06 |
| SBUX Starbucks Corp. | Reduce -39.8% | 0.05% | −0.06 |
| MUB iShares National Muni Bond E | Reduce -5.7% | 0.17% | −0.05 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -26.8% | 0.22% | −0.05 |
| CDL Victoryshares US Large Cap H | Reduce -2.6% | 0.16% | −0.05 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.05 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -4.3% | 0.16% | −0.05 |
| USDU Wisdomtree BBG Usd Bullish | Sold out | 0.00% | −0.05 |
| IWN iShares Russell 2000 Value E | Reduce -12.1% | 0.13% | −0.04 |
| ADI Analog Devices Inc. | Reduce -43.3% | 0.05% | −0.04 |
| DRIV Global X Autonomous&elec-ETF | Reduce -87.0% | 0.01% | −0.04 |
| IWF iShares Russell 1000 Growth | Reduce -5.6% | 0.35% | −0.04 |
| ADP Automatic Data Processing | Reduce -5.4% | 0.13% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -21.3% | 0.04% | −0.04 |
| BRO Brown & Brown Inc. | Reduce -4.5% | 0.08% | −0.04 |
| ORLY O'reilly Automotive Inc. | Reduce -5.0% | 0.10% | −0.04 |
| HACK Amplify Cybersecurity ETF | Reduce -70.0% | 0.02% | −0.04 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -4.2% | 0.13% | −0.04 |
| SYK Stryker Corp. | Reduce -2.4% | 0.18% | −0.04 |
| COP Conocophillips | Reduce -11.1% | 0.06% | −0.04 |
| TJX TJX Companies Inc. | Reduce -1.8% | 0.14% | −0.03 |
| UPS United Parcel Service Class B | Reduce -11.8% | 0.06% | −0.03 |
| CDX Simplify High Yield ETF | Reduce -20.4% | 0.06% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Add +136.0% | 2.62% | +1.38 |
| NVDA Nvidia Corp. | Add +22.8% | 2.15% | +0.66 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +13357.0% | 0.66% | +0.66 |
| QQQ Invesco QQQ Trust Series 1 | Add +69.1% | 1.47% | +0.56 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +5190.4% | 0.53% | +0.52 |
| VOO Vanguard S&P 500 ETF | Add +42.5% | 1.77% | +0.38 |
| MSFT Microsoft Corp. | Add +12.0% | 2.09% | +0.34 |
| BND Vanguard Total Bond Market | Add +264.2% | 0.48% | +0.32 |
| DIA SS SPDR Dow Jones Indus Avg | Add +226.4% | 0.42% | +0.27 |
| JPM JPMorgan Chase & Co. | Add +34.9% | 1.09% | +0.24 |
| BBCA JPMorgan Betabuilders Canada | New | 0.22% | +0.22 |
| FXO First Trust Financial Alphad | New | 0.21% | +0.21 |
| TLT iShares 20+ Year Treasury BD | Add +60.3% | 0.99% | +0.20 |
| VCIT Vanguard Int-Term Corporate | Add +101.8% | 0.51% | +0.20 |
| AVGO Broadcom Inc. | Add +7.4% | 0.64% | +0.19 |
| IEFA iShares Core MSCI Eafe ETF | Add +41.8% | 0.86% | +0.18 |
| FPE FT-Preferred Secur & Inc. ETF | Add +554.1% | 0.22% | +0.18 |
| EWJ iShares MSCI Japan ETF | Add +70.0% | 0.52% | +0.17 |
| NFLX Netflix Inc. | Add +11.1% | 0.67% | +0.15 |
| BX Blackstone Inc. | Add +232.5% | 0.21% | +0.13 |
| PHYS Sprott Physical Gold Trust | Add +532.4% | 0.16% | +0.13 |
| PSLV Sprott Physical Silver Trust | Add +399.8% | 0.17% | +0.13 |
| SCHG Schwab US Large-Cap Growth | Add +70.2% | 0.34% | +0.13 |
| MGF Aberdeen Govrn MKTS Inc. Fund | New | 0.13% | +0.13 |
| SCHC Schwab Intl Small-Cap Equity | Add +170.5% | 0.20% | +0.12 |
| GLD SPDR Gold Shares | Add +53.9% | 0.48% | +0.12 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +33.3% | 0.51% | +0.11 |
| COF Capital One Financial Corp. | Add +543.9% | 0.13% | +0.11 |
| TSLA Tesla Inc. | Add +52.5% | 0.31% | +0.10 |
| KKR KKR & Co. Inc. | Add +233.3% | 0.15% | +0.10 |
| BNY Bank of New York Mellon Corp. | Add +399.6% | 0.12% | +0.09 |
| SCHV Schwab US Large-Cap Value | Add +348.1% | 0.12% | +0.09 |
| SCHB Schwab US Broad Market ETF | Add +77.3% | 0.23% | +0.08 |
| ORCL Oracle Corp. | Add +15.5% | 0.23% | +0.07 |
| SPLV Invesco S&P 500 Low Volatili | Add +547.0% | 0.09% | +0.07 |
| ITA iShares U.S. Aerospace & Def | Add +141.8% | 0.10% | +0.06 |
| META Meta Platforms Inc. Class A | Add +2.9% | 1.01% | +0.06 |
| SRLN SS Blackstone Sr Loan ETF | New | 0.06% | +0.06 |
| AAPL Apple Inc. | Add +37.7% | 2.35% | +0.06 |
| JNJ Johnson & Johnson | Add +62.8% | 0.33% | +0.06 |
| IDEV iShares Core MSCI Dev MKTS | New | 0.06% | +0.06 |
| XLF SS Financial Select Sector | Add +50.3% | 0.24% | +0.05 |
| DX Dynex Capital Inc. | New | 0.05% | +0.05 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +27.8% | 0.85% | +0.05 |
| BMY Bristol-Myers Squibb Co. | Add +311.5% | 0.08% | +0.05 |
| MU Micron Technology Inc. | Add +307.0% | 0.06% | +0.05 |
| AVXL Anavex Life Sciences Corp. | New | 0.05% | +0.05 |
| VYM Vanguard High DVD Yield ETF | Add +40.8% | 0.31% | +0.05 |
| VOX Vanguard Communication Servi | Add +245.2% | 0.07% | +0.05 |
| AGNC AGNC Investment Corp. | New | 0.04% | +0.04 |
Notes & Other Activity Q1 2025 → Q2 2025
| TENN VALLEY AUTHORITY (TVA V0 05/01/29 A) | Pfd Stk | Add +2.8% | 48,927 | $1.1M |
| TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) | Corporate Bond | Add +3.1% | 41,356 | $968K |
| QWEST CORP (CTL 6.5 09/01/56) | COM | New | 15,920 | $287K |
| PRUDENTIAL FINANCIAL INC (PRU 5.625 08/15/58) | PFD | New | 11,164 | $262K |
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 |