Summit Investment Advisors, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Summit Investment Advisors, Inc. reported 55 stock positions worth $112.4 million. Its top holding was Invesco Bulletshares 2025 HY (BSJP) at 9.8% of the portfolio, followed by Invesco Bulletshares 2027 CB (BSCR, 7.3%) and iShares Russell 1000 Growth (IWF, 6.6%). Compared with Q4 2024, it opened 4 new positions, sold out of 4, added to 36 and reduced 9. The biggest buy was a new position in Invesco Bulletshares 2028 HY (BSJS) and the biggest sale Invesco Bulletshares 2025 CB (BSCP, shares −84%).
- Most Recent 13F
- Q2 2025
- Location
- HUNT VALLEY, MD
- CIK
- 0002055275
- Portfolio Value
- $112.4M (Q1 2025)
- SEC Filing
- 0001951757-25-000550 ↗ filed May 13, 2025
Holdings Value
Holdings 55 stocks · $112.4M
| BSJP Invesco Bulletshares 2025 HY | 9.81% | 477,880 | $11.0M | Add +5.0% |
| BSCR Invesco Bulletshares 2027 CB | 7.31% | 418,897 | $8.2M | Add +3.2% |
| IWF iShares Russell 1000 Growth | 6.56% | 19,864 | $7.4M | Add +2.2% |
| IBHF iShares Ibond 2026 HY & Inc. | 5.98% | 291,465 | $6.7M | Add +4.2% |
| BSJQ Invesco Bulletshares 2026 HY | 5.58% | 269,937 | $6.3M | Reduce -4.2% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 5.41% | 252,469 | $6.1M | Add +4.0% |
| IWB iShares Russell 1000 ETF | 4.91% | 17,981 | $5.5M | Add +3.0% |
| BSCQ Invesco Bulletshares 2026 CB | 4.20% | 242,186 | $4.7M | Add +6.2% |
| IBDR iShares Ibonds Dec 2026 Term | 3.83% | 178,471 | $4.3M | Add +6.4% |
| FLBL Franklin Senior Loan ETF | 3.68% | 173,304 | $4.1M | Add +2.6% |
| QQQ Invesco QQQ Trust Series 1 | 3.46% | 8,090 | $3.9M | Add +1.0% |
| IWD iShares Russell 1000 Value E | 3.14% | 19,270 | $3.5M | Add +4.2% |
| EDOW First Trust Dow 30 Eql WGHT | 2.44% | 77,637 | $2.7M | Add +5.6% |
| RSP Invesco S&P 500 Equal Weight | 2.43% | 16,078 | $2.7M | Add +5.8% |
| BSJR Invesco Bulletshares 2027 HY | 2.13% | 106,995 | $2.4M | Add +454.9% |
| BSJS Invesco Bulletshares 2028 HY | 2.11% | 109,965 | $2.4M | New |
| IBHH iShares Ibonds 2028 TM HY Inc. | 1.93% | 93,541 | $2.2M | New |
| IBHG iShares Ibonds 2027 HY Inc. | 1.79% | 90,340 | $2.0M | Add +776.8% |
| IBHI iShares Ibonds 2029 TM HY Inc. | 1.52% | 74,210 | $1.7M | New |
| BSJT Invesco Bulletshares 2029 HY | 1.46% | 78,613 | $1.6M | New |
| SPYV SS SPDR P S&P 500 Value ETF | 1.42% | 32,350 | $1.6M | Add +0.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.32% | 17,775 | $1.5M | Reduce -0.2% |
| IWR iShares Russell Mid-Cap ETF | 1.20% | 15,933 | $1.4M | Add +3.3% |
| AAPL Apple Inc. | 1.18% | 6,677 | $1.3M | Reduce -3.0% |
| VTI VG Morningstar TS MKT ETF-US | 1.15% | 4,717 | $1.3M | Add +0.2% |
| IBHE iShares Ibonds 2025 H/Y Inc. | 1.12% | 54,142 | $1.3M | Reduce -0.4% |
| HYGH iShares Int Rate Hedg HY ETF | 1.03% | 13,752 | $1.2M | Add +29.1% |
| BSCP Invesco Bulletshares 2025 CB | 0.92% | 49,854 | $1.0M | Reduce -83.9% |
| CINF Cincinnati Financial Corp. | 0.81% | 6,245 | $905K | Add +0.6% |
| AMZN Amazon.com Inc. | 0.80% | 4,867 | $900K | Add +0.9% |
| MSFT Microsoft Corp. | 0.72% | 1,870 | $810K | Reduce -1.4% |
| FTSL First Trust Senior Loan ETF | 0.72% | 17,712 | $809K | Add +37.6% |
| JAAA Janus Henderson Aaa Clo ETF | 0.68% | 15,158 | $764K | Add +0.7% |
| BKLN Invesco Senior Loan ETF | 0.53% | 28,511 | $593K | Add +23.7% |
| NVDA Nvidia Corp. | 0.52% | 5,168 | $587K | Reduce -2.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.48% | 6,725 | $538K | No change |
| IBDQ iShares Ibonds Dec 2025 Term | 0.47% | 20,961 | $526K | Reduce -89.4% |
| QQQM Invesco Nasdaq 100 ETF | 0.47% | 2,650 | $525K | Add +1.1% |
| BSCS Invesco Bulletshares 2028 CB | 0.45% | 24,857 | $507K | Add +1.1% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.40% | 10,660 | $449K | Add +1.2% |
| VOO Vanguard S&P 500 ETF | 0.40% | 868 | $446K | No change |
| BSCT Invesco Bulletshares 2029 CB | 0.38% | 22,842 | $423K | Add +1.1% |
| LPLA LPL Financial Holdings Inc. | 0.34% | 1,147 | $380K | No change |
| COST Costco Wholesale Corp. | 0.33% | 364 | $368K | No change |
| HYDB iShares High Yield Systemati | 0.32% | 7,915 | $365K | Add +1.1% |
| IFRA iShares US Infrastructure | 0.27% | 6,479 | $300K | Add +0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 509 | $284K | Add +0.2% |
| IUSG iShares Core S&P U.S. Growth | 0.23% | 1,955 | $258K | Add +0.1% |
| META Meta Platforms Inc. Class A | 0.23% | 431 | $253K | Add +2.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.22% | 2,800 | $252K | No change |
| DVY iShares Select Dividend ETF | 0.22% | 1,937 | $249K | Add +0.8% |
| PG The Procter & Gamble Co. | 0.21% | 1,512 | $241K | Add +0.6% |
| IWP iShares Russell Mid-Cap Grow | 0.19% | 1,701 | $209K | Add +13.5% |
| V Visa Inc. Class A | 0.18% | 589 | $205K | Reduce -5.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.18% | 527 | $202K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| BSCP Invesco Bulletshares 2025 CB | Reduce -83.9% | 0.92% | −4.79 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -89.4% | 0.47% | −3.95 |
| AAPL Apple Inc. | Reduce -3.0% | 1.18% | −0.30 |
| BSJQ Invesco Bulletshares 2026 HY | Reduce -4.2% | 5.58% | −0.29 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.24 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.20 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.19 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.18 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.2% | 1.32% | −0.14 |
| NVDA Nvidia Corp. | Reduce -2.4% | 0.52% | −0.12 |
| V Visa Inc. Class A | Reduce -5.2% | 0.18% | −0.01 |
| IBHE iShares Ibonds 2025 H/Y Inc. | Reduce -0.4% | 1.12% | −0.01 |
| MSFT Microsoft Corp. | Reduce -1.4% | 0.72% | +0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| BSJS Invesco Bulletshares 2028 HY | New | 2.11% | +2.11 |
| IBHH iShares Ibonds 2028 TM HY Inc. | New | 1.93% | +1.93 |
| BSJR Invesco Bulletshares 2027 HY | Add +454.9% | 2.13% | +1.75 |
| IBHG iShares Ibonds 2027 HY Inc. | Add +776.8% | 1.79% | +1.58 |
| IBHI iShares Ibonds 2029 TM HY Inc. | New | 1.52% | +1.52 |
| BSJT Invesco Bulletshares 2029 HY | New | 1.46% | +1.46 |
| BSJP Invesco Bulletshares 2025 HY | Add +5.0% | 9.81% | +0.44 |
| BSCR Invesco Bulletshares 2027 CB | Add +3.2% | 7.31% | +0.27 |
| BSCQ Invesco Bulletshares 2026 CB | Add +6.2% | 4.20% | +0.26 |
| IBDR iShares Ibonds Dec 2026 Term | Add +6.4% | 3.83% | +0.24 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +4.0% | 5.41% | +0.24 |
| HYGH iShares Int Rate Hedg HY ETF | Add +29.1% | 1.03% | +0.21 |
| FTSL First Trust Senior Loan ETF | Add +37.6% | 0.72% | +0.19 |
| IBHF iShares Ibond 2026 HY & Inc. | Add +4.2% | 5.98% | +0.17 |
| BKLN Invesco Senior Loan ETF | Add +23.7% | 0.53% | +0.10 |
| CINF Cincinnati Financial Corp. | Add +0.6% | 0.81% | +0.05 |
| FLBL Franklin Senior Loan ETF | Add +2.6% | 3.68% | +0.03 |
| BSCS Invesco Bulletshares 2028 CB | Add +1.1% | 0.45% | +0.01 |
| BSCT Invesco Bulletshares 2029 CB | Add +1.1% | 0.38% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | Add +13.5% | 0.19% | +0.00 |
| JAAA Janus Henderson Aaa Clo ETF | Add +0.7% | 0.68% | −0.00 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +1.2% | 0.40% | −0.00 |
| HYDB iShares High Yield Systemati | Add +1.1% | 0.32% | −0.01 |
| IFRA iShares US Infrastructure | Add +0.6% | 0.27% | −0.01 |
| DVY iShares Select Dividend ETF | Add +0.8% | 0.22% | −0.01 |
| PG The Procter & Gamble Co. | Add +0.6% | 0.21% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +5.8% | 2.43% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 0.25% | −0.02 |
| IUSG iShares Core S&P U.S. Growth | Add +0.1% | 0.23% | −0.02 |
| QQQM Invesco Nasdaq 100 ETF | Add +1.1% | 0.47% | −0.05 |
| META Meta Platforms Inc. Class A | Add +2.4% | 0.23% | −0.05 |
| EDOW First Trust Dow 30 Eql WGHT | Add +5.6% | 2.44% | −0.06 |
| IWR iShares Russell Mid-Cap ETF | Add +3.3% | 1.20% | −0.06 |
| IWD iShares Russell 1000 Value E | Add +4.2% | 3.14% | −0.06 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +0.3% | 1.42% | −0.10 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.2% | 1.15% | −0.11 |
| AMZN Amazon.com Inc. | Add +0.9% | 0.80% | −0.19 |
| IWB iShares Russell 1000 ETF | Add +3.0% | 4.91% | −0.30 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.0% | 3.46% | −0.35 |
| IWF iShares Russell 1000 Growth | Add +2.2% | 6.56% | −0.62 |