Summit Financial, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Summit Financial, LLC reported 1,236 stock positions worth $6.5 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 8.3% of the portfolio, followed by Vanguard Ftse All-World Ex-U (VEU, 3.6%) and iShares Core S&P 500 ETF (IVV, 2.4%). Compared with Q2 2025, it opened 458 new positions, sold out of 27, added to 481 and reduced 271. The biggest buy was a new position in Invesco Nasdaq 100 ETF (QQQM) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- PARSIPPANY, NJ
- CIK
- 0001765536
- Portfolio Value
- $6.5B (Q3 2025)
- SEC Filing
- 0001172661-25-004930 ↗ filed Nov 14, 2025
Holdings Value
Holdings 1,236 stocks · $6.5B
| VTI VG Morningstar TS MKT ETF-US | 8.25% | 1,642,867 | $539.1M | Reduce -0.3% |
| VEU Vanguard Ftse All-World Ex-U | 3.57% | 3,272,155 | $233.5M | Reduce -4.6% |
| IVV iShares Core S&P 500 ETF | 2.41% | 235,307 | $157.5M | Add +26.1% |
| AAPL Apple Inc. | 2.12% | 543,776 | $138.5M | Add +7.2% |
| NVDA Nvidia Corp. | 1.84% | 642,982 | $120.0M | Add +6.7% |
| MSFT Microsoft Corp. | 1.73% | 217,696 | $112.8M | Add +17.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.71% | 232,623 | $111.6M | Reduce -2.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.48% | 145,005 | $96.6M | Add +1.4% |
| VOO Vanguard S&P 500 ETF | 1.43% | 152,583 | $93.4M | Add +10.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.35% | 471,875 | $88.0M | Add +10.9% |
| QQQM Invesco Nasdaq 100 ETF | 1.32% | 349,654 | $86.4M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 1.23% | 160,329 | $80.6M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 1.21% | 361,407 | $79.4M | Add +17.2% |
| JBND JPMorgan Active Bond ETF | 1.08% | 1,301,813 | $70.5M | New |
| QQQ Invesco QQQ Trust Series 1 | 1.03% | 111,824 | $67.1M | Reduce -5.2% |
| PLTR Palantir Technologies Inc. Class A | 0.96% | 343,128 | $62.6M | New |
| JPM JPMorgan Chase & Co. | 0.91% | 187,952 | $59.3M | Add +12.8% |
| PYLD PIMCO Multisector Bond Actv | 0.89% | 2,166,337 | $58.1M | New |
| IBDY iShares Ibonds Dec 2033 Corp. | 0.74% | 1,854,861 | $48.7M | New |
| META Meta Platforms Inc. Class A | 0.72% | 64,127 | $47.1M | Add +5.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.69% | 516,313 | $45.1M | Add +13.5% |
| TSLA Tesla Inc. | 0.66% | 96,256 | $42.8M | Add +123.1% |
| VEA Vanguard Ftse Developed ETF | 0.64% | 692,581 | $41.5M | Add +6.5% |
| TLT iShares 20+ Year Treasury BD | 0.62% | 454,311 | $40.6M | Reduce -8.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.62% | 194,255 | $40.5M | Reduce -4.4% |
| IBDX iShares Ibonds Dec 2032 TC | 0.57% | 1,441,585 | $36.9M | New |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.56% | 1,739,411 | $36.9M | New |
| WPM Wheaton Precious Metals Corp. | 0.55% | 322,953 | $36.1M | Add +11.1% |
| AVGO Broadcom Inc. | 0.54% | 106,599 | $35.2M | Add +3.3% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.53% | 1,552,485 | $34.4M | New |
| RSP Invesco S&P 500 Equal Weight | 0.51% | 177,324 | $33.6M | Add +3.8% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.51% | 382,861 | $33.4M | Add +6.7% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.47% | 361,910 | $30.7M | Add +3.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.44% | 165,838 | $29.0M | Reduce -27.0% |
| AGG iShares Core U.S. Aggregate | 0.44% | 287,893 | $28.9M | Add +19.4% |
| IJH iShares Core S&P Midcap ETF | 0.44% | 440,158 | $28.7M | Add +14.7% |
| NFLX Netflix Inc. | 0.43% | 23,510 | $28.2M | Add +6.7% |
| WMT Walmart Inc. | 0.43% | 269,894 | $27.8M | Add +8.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.42% | 93,264 | $27.4M | Add +8.4% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.42% | 581,987 | $27.2M | Add +13.1% |
| VCIT Vanguard Int-Term Corporate | 0.41% | 317,625 | $26.7M | Add +16.9% |
| GOOG Alphabet Inc. Class C | 0.41% | 109,351 | $26.6M | Add +12.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.40% | 250,103 | $26.1M | Add +6.4% |
| COST Costco Wholesale Corp. | 0.40% | 28,190 | $26.1M | Add +2.5% |
| PDP Invesco Dorsey Wright Moment | 0.38% | 211,927 | $25.0M | Add +1.6% |
| SHV iShares 0-1 Year Treasury Bo | 0.38% | 225,739 | $24.9M | Reduce -22.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.38% | 97,105 | $24.7M | Add +14.5% |
| IBDU iShares Ibonds Dec 2029 Term | 0.36% | 1,010,855 | $23.7M | New |
| SCHG Schwab US Large-Cap Growth | 0.36% | 736,795 | $23.5M | Add +44.9% |
| SMH Vaneck Semiconductor ETF | 0.35% | 71,074 | $23.2M | Add +1111.4% |
| IVE iShares S&P 500 Value ETF | 0.35% | 110,778 | $22.9M | Add +1570.1% |
| IBIT iShares Bitcoin Trust ETF | 0.35% | 349,590 | $22.7M | New |
| ITOT iShares Core S&P Total U.S. | 0.34% | 152,462 | $22.2M | Add +2.2% |
| AIQ Global X Art Intel & Tech | 0.34% | 447,060 | $22.1M | New |
| MOAT Vaneck Morningstar Wide Moat | 0.33% | 216,312 | $21.4M | Reduce -12.2% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.32% | 44,623 | $20.7M | Add +5.3% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.32% | 388,586 | $20.7M | New |
| SPYV SS SPDR P S&P 500 Value ETF | 0.31% | 362,645 | $20.1M | Add +11.1% |
| SDVY First Trust Smid Cap Rising | 0.31% | 526,182 | $20.0M | New |
| IAU iShares Gold Trust | 0.31% | 274,907 | $20.0M | Add +0.1% |
| VWO Vanguard Ftse Emerging Marke | 0.31% | 368,877 | $20.0M | Add +7.3% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.30% | 779,796 | $19.9M | New |
| GLD SPDR Gold Shares | 0.29% | 52,740 | $18.7M | Reduce -24.5% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.28% | 360,560 | $18.5M | Reduce -49.2% |
| FBND Fidelity Total Bond ETF | 0.28% | 395,871 | $18.3M | New |
| JNJ Johnson & Johnson | 0.28% | 98,506 | $18.3M | Add +2.2% |
| XOM Exxon Mobil Corp. | 0.28% | 161,507 | $18.2M | Add +8.9% |
| HOOD Robinhood Markets Inc. Class A | 0.28% | 126,646 | $18.1M | New |
| VPLS Vanguard Core-Plus Bond ETF | 0.27% | 224,064 | $17.6M | New |
| IJR iShares Core S&P Small-Cap E | 0.27% | 147,692 | $17.6M | Add +69.8% |
| IWF iShares Russell 1000 Growth | 0.27% | 37,272 | $17.5M | Add +1.4% |
| XLG Invesco S&P 500 Top 50 ETF | 0.26% | 298,970 | $17.2M | Add +43.0% |
| IEMG iShares Core MSCI Emerging | 0.26% | 260,452 | $17.2M | Add +2.9% |
| IWM iShares Russell 2000 ETF | 0.26% | 70,733 | $17.1M | Add +11.5% |
| DIVO Amplify CWP Enhan Divid ETF | 0.26% | 383,062 | $17.1M | New |
| SOFI Sofi Technologies Inc. | 0.25% | 625,385 | $16.5M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 58,490 | $16.5M | Add +2.5% |
| V Visa Inc. Class A | 0.25% | 47,690 | $16.3M | Add +13.2% |
| VYM Vanguard High DVD Yield ETF | 0.24% | 112,405 | $15.8M | Add +8.9% |
| ABBV Abbvie Inc. | 0.24% | 67,890 | $15.7M | Add +3.4% |
| UUUU Energy Fuels Inc. | 0.24% | 1,022,784 | $15.7M | Reduce -0.4% |
| EWJ iShares MSCI Japan ETF | 0.24% | 192,255 | $15.4M | Reduce -37.6% |
| AVDE Avantis International Equity | 0.23% | 194,126 | $15.3M | New |
| SCHR Schwab Intermediate-Term US | 0.23% | 606,155 | $15.2M | Reduce -1.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.23% | 283,802 | $15.1M | Add +2.5% |
| VFLO Victoryshares Free Cash Flow | 0.23% | 397,777 | $14.9M | New |
| ORCL Oracle Corp. | 0.22% | 52,058 | $14.6M | Add +11.6% |
| IBDZ ISHARESIBONDSDEC2034TMCORP | 0.21% | 522,212 | $13.8M | New |
| SCHX Schwab US Large-Cap ETF | 0.21% | 523,503 | $13.8M | Add +10.3% |
| HD Home Depot Inc. | 0.21% | 33,951 | $13.8M | Add +6.1% |
| XLK SS Technology Select Sector | 0.21% | 48,627 | $13.7M | Add +8.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.21% | 48,695 | $13.6M | Add +12.8% |
| AVEM Avantis Emerging Markets Eq | 0.21% | 178,514 | $13.4M | New |
| GPZ Vaneck Alt Asset Manager ETF | 0.20% | 479,740 | $13.3M | New |
| JMUB JPMorgan Municipal ETF | 0.20% | 260,640 | $13.2M | New |
| SCHD Schwab US DVD Equity ETF | 0.20% | 481,701 | $13.2M | Add +18.8% |
| ANGL Vaneck Fallen Angel High YLD | 0.20% | 440,385 | $13.1M | New |
| SPMO Invesco S&P 500 Momentum ETF | 0.20% | 107,470 | $13.0M | New |
| JEPI JPMorgan Equity Premium Inco | 0.20% | 227,244 | $13.0M | New |
| NUGT Dirxn DLY GM Indx B2X ETF-Ui | 0.20% | 83,000 | $12.8M | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $17.5M (not counted above)
Total filed on the 13F, all lines: $6.6B.
Portfolio Sells Q2 2025 → Q3 2025
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.3% | 8.25% | −3.11 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -4.6% | 3.57% | −1.64 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.2% | 1.71% | −0.65 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 1.23% | −0.54 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -49.2% | 0.28% | −0.54 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.2% | 1.03% | −0.45 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -27.0% | 0.44% | −0.41 |
| BND Vanguard Total Bond Market | Reduce -74.8% | 0.08% | −0.40 |
| TLT iShares 20+ Year Treasury BD | Reduce -8.8% | 0.62% | −0.37 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -54.4% | 0.16% | −0.37 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -22.8% | 0.38% | −0.35 |
| EWJ iShares MSCI Japan ETF | Reduce -37.6% | 0.24% | −0.29 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -4.4% | 0.62% | −0.28 |
| BBCA JPMorgan Betabuilders Canada | Reduce -97.7% | 0.00% | −0.21 |
| USFR Wisdomtree Floating Rate Tre | Reduce -55.4% | 0.09% | −0.21 |
| GLD SPDR Gold Shares | Reduce -24.5% | 0.29% | −0.19 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -12.2% | 0.33% | −0.19 |
| QUAL iShares MSCI USA Quality Fac | Reduce -38.4% | 0.11% | −0.13 |
| XLF SS Financial Select Sector | Reduce -25.7% | 0.13% | −0.12 |
| SCHR Schwab Intermediate-Term US | Reduce -1.1% | 0.23% | −0.11 |
| JNK SS SPDR BB High Yield Bond | Sold out | 0.00% | −0.10 |
| XLE SS Energy Select Sector | Reduce -32.8% | 0.09% | −0.10 |
| GM General Motors Co. | Reduce -23.7% | 0.15% | −0.09 |
| SYK Stryker Corp. | Reduce -16.5% | 0.10% | −0.09 |
| SCHB Schwab US Broad Market ETF | Reduce -13.1% | 0.14% | −0.08 |
| IEF iShares 7-10 Year Treasury B | Reduce -4.3% | 0.16% | −0.08 |
| HON Honeywell International Inc. | Reduce -15.7% | 0.09% | −0.08 |
| XLY SS Consumer Disc Select Sect | Reduce -75.2% | 0.02% | −0.08 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -80.2% | 0.01% | −0.07 |
| VFH Vanguard Financials ETF | Reduce -15.6% | 0.10% | −0.07 |
| IWO iShares Russell 2000 Growth | Reduce -7.7% | 0.17% | −0.07 |
| AFL Aflac Inc. | Reduce -49.0% | 0.04% | −0.07 |
| ABT Abbott Laboratories | Reduce -3.4% | 0.12% | −0.06 |
| MGF Aberdeen Govrn MKTS Inc. Fund | Reduce -26.6% | 0.06% | −0.06 |
| CFA Victoryshares US 500 Volatil | Reduce -8.6% | 0.11% | −0.06 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -1.4% | 0.13% | −0.06 |
| MSA Msa Safety Inc. | Reduce -92.4% | 0.00% | −0.06 |
| PDI PIMCO Dynamic Income Fund | Reduce -1.3% | 0.13% | −0.06 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Reduce -3.4% | 0.11% | −0.06 |
| SO The Southern Co. | Reduce -1.0% | 0.12% | −0.06 |
| SPGI S&P Global Inc. | Reduce -1.9% | 0.09% | −0.06 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.05 |
| PB Prosperity Bancshares Inc. | Sold out | 0.00% | −0.05 |
| ACN Accenture PLC Class A | Reduce -19.4% | 0.04% | −0.05 |
| CYBR Cyberark Software Ltd./Israel | Reduce -25.6% | 0.08% | −0.05 |
| MCD McDonald's Corp. | Reduce -10.9% | 0.09% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -13.5% | 0.07% | −0.05 |
| ADP Automatic Data Processing | Reduce -1.6% | 0.08% | −0.05 |
| BMI Badger Meter Inc. | Reduce -15.8% | 0.03% | −0.05 |
| FXR First Trust Indst/Producers | Reduce -0.4% | 0.12% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| QQQM Invesco Nasdaq 100 ETF | New | 1.32% | +1.32 |
| JBND JPMorgan Active Bond ETF | New | 1.08% | +1.08 |
| PLTR Palantir Technologies Inc. Class A | New | 0.96% | +0.96 |
| PYLD PIMCO Multisector Bond Actv | New | 0.89% | +0.89 |
| IBDY iShares Ibonds Dec 2033 Corp. | New | 0.74% | +0.74 |
| IBDX iShares Ibonds Dec 2032 TC | New | 0.57% | +0.57 |
| IBDW iShares Ibonds Dec 2031 Corp. | New | 0.56% | +0.56 |
| IBDV iShares Ibonds Dec 2030 Corp. | New | 0.53% | +0.53 |
| IBDU iShares Ibonds Dec 2029 Term | New | 0.36% | +0.36 |
| IBIT iShares Bitcoin Trust ETF | New | 0.35% | +0.35 |
| TSLA Tesla Inc. | Add +123.1% | 0.66% | +0.35 |
| AIQ Global X Art Intel & Tech | New | 0.34% | +0.34 |
| IVE iShares S&P 500 Value ETF | Add +1570.1% | 0.35% | +0.32 |
| SMH Vaneck Semiconductor ETF | Add +1111.4% | 0.35% | +0.32 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.32% | +0.32 |
| SDVY First Trust Smid Cap Rising | New | 0.31% | +0.31 |
| IBDT iShares Ibonds Dec 2028 ETF | New | 0.30% | +0.30 |
| FBND Fidelity Total Bond ETF | New | 0.28% | +0.28 |
| HOOD Robinhood Markets Inc. Class A | New | 0.28% | +0.28 |
| VPLS Vanguard Core-Plus Bond ETF | New | 0.27% | +0.27 |
| DIVO Amplify CWP Enhan Divid ETF | New | 0.26% | +0.26 |
| SOFI Sofi Technologies Inc. | New | 0.25% | +0.25 |
| AVDE Avantis International Equity | New | 0.23% | +0.23 |
| VFLO Victoryshares Free Cash Flow | New | 0.23% | +0.23 |
| IBDZ ISHARESIBONDSDEC2034TMCORP | New | 0.21% | +0.21 |
| AVEM Avantis Emerging Markets Eq | New | 0.21% | +0.21 |
| GPZ Vaneck Alt Asset Manager ETF | New | 0.20% | +0.20 |
| JMUB JPMorgan Municipal ETF | New | 0.20% | +0.20 |
| ANGL Vaneck Fallen Angel High YLD | New | 0.20% | +0.20 |
| SPMO Invesco S&P 500 Momentum ETF | New | 0.20% | +0.20 |
| JEPI JPMorgan Equity Premium Inco | New | 0.20% | +0.20 |
| NUGT Dirxn DLY GM Indx B2X ETF-Ui | New | 0.20% | +0.20 |
| VOOG Vanguard S&P 500 Growth ETF | New | 0.18% | +0.18 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.17% | +0.17 |
| DGRO iShares Core Dividend Growth | New | 0.16% | +0.16 |
| RDVY First Trust Rising Dividend | New | 0.15% | +0.15 |
| AXSM Axsome Therapeutics Inc. | New | 0.14% | +0.14 |
| MMIT Nylim Mackay Muni Intermedia | New | 0.13% | +0.13 |
| QQXT First Trust Nasdaq-100 Ex-Te | New | 0.13% | +0.13 |
| TSPY Tappalpha S&P 500 GR & Di-US | New | 0.13% | +0.13 |
| MSTR Strategy Inc. | Add +801.6% | 0.16% | +0.13 |
| MLN Vaneck Long Muni ETF | New | 0.13% | +0.13 |
| JBBB Janus Henderson B-BBB Clo Et | New | 0.12% | +0.12 |
| CGMS Cap Group US Multi-Sect Bond | New | 0.12% | +0.12 |
| FTWO Strive Natural Resources And | New | 0.12% | +0.12 |
| BSCS Invesco Bulletshares 2028 CB | New | 0.12% | +0.12 |
| SPSB SS SPDR P St C Corp. ETF | New | 0.12% | +0.12 |
| FSCO FS Credit Opportunities Corp. | New | 0.12% | +0.12 |
| COIN Coinbase Global Inc. Class A | New | 0.12% | +0.12 |
| VICTORY PORTFOLIOS II | New | 0.11% | +0.11 |
Notes & Other Activity Q2 2025 → Q3 2025
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | IBONDS 27 ETF · principal | New | 386,114 | $9.4M |
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | New | 333,054 | $8.1M |
| TENN VALLEY AUTHORITY (TVA V0 05/01/29 A) | Pfd Stk | Sold out | 48,927 | $1.1Mbefore exit |
| TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) | Corporate Bond | Sold out | 41,356 | $968Kbefore exit |
| QWEST CORP (CTL 6.5 09/01/56) | COM | Sold out | 15,920 | $287Kbefore exit |
| PRUDENTIAL FINANCIAL INC (PRU 5.625 08/15/58) | PFD | Sold out | 11,164 | $262Kbefore exit |
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 |