Summit Trail Advisors, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Summit Trail Advisors, LLC reported 423 stock positions worth $3.0 billion. Its top holding was Wisdomtree Floating Rate Tre (USFR) at 45.4% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 5.3%) and Vanguard Short-Term Treasury (VGSH, 4.6%). Compared with Q4 2024, it opened 79 new positions, sold out of 46, added to 236 and reduced 74. The biggest buy was Wisdomtree Floating Rate Tre (USFR, shares +25%) and the biggest sale Vanguard Intermediate-Term T (VGIT, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001698478
- Portfolio Value
- $3.0B (Q1 2025)
- SEC Filing
- 0001951757-25-000462 ↗ filed Apr 28, 2025
Holdings Value
Holdings 423 stocks · $3.0B
| USFR Wisdomtree Floating Rate Tre | 45.40% | 27,347,752 | $1.4B | Add +25.2% |
| RSP Invesco S&P 500 Equal Weight | 5.35% | 936,055 | $162.2M | Add +14.2% |
| VGSH Vanguard Short-Term Treasury | 4.59% | 2,369,757 | $139.1M | Add +370.2% |
| AVGO Broadcom Inc. | 3.84% | 695,564 | $116.5M | Add +2.6% |
| VGIT Vanguard Intermediate-Term T | 3.64% | 1,859,326 | $110.4M | Reduce -51.0% |
| QUAL iShares MSCI USA Quality Fac | 2.06% | 365,040 | $62.4M | Add +4.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.59% | 86,095 | $48.3M | Add +10.4% |
| NVDA Nvidia Corp. | 1.50% | 418,136 | $45.3M | Add +33.9% |
| AON Aon PLC Class A | 1.47% | 111,380 | $44.5M | Reduce -1.5% |
| KBWB Invesco KBW Bank ETF | 1.39% | 672,954 | $42.2M | Add +119.5% |
| PPA Invesco Aerospace & Defense | 1.26% | 329,009 | $38.3M | Reduce -38.9% |
| GOOG Alphabet Inc. Class C | 1.24% | 240,793 | $37.6M | Add +8.8% |
| GOOGL Alphabet Inc. Class A | 1.05% | 204,927 | $31.7M | Add +19.7% |
| PLTR Palantir Technologies Inc. Class A | 0.98% | 351,357 | $29.7M | Reduce -0.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.86% | 74,041 | $26.1M | Add +2.2% |
| JPM JPMorgan Chase & Co. | 0.80% | 99,119 | $24.3M | Add +10.5% |
| AR Antero Resources Corp. | 0.78% | 581,570 | $23.5M | Add +0.1% |
| META Meta Platforms Inc. Class A | 0.76% | 39,715 | $22.9M | Add +33.7% |
| APO Apollo Global Management Inc. | 0.74% | 163,622 | $22.4M | Add +0.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.56% | 334,521 | $17.1M | Reduce -1.2% |
| XLV SS Health Care Select Sector | 0.54% | 111,139 | $16.2M | Reduce -51.8% |
| MNDY Monday.com Ltd. | 0.48% | 59,942 | $14.6M | Add +18.9% |
| TSLA Tesla Inc. | 0.44% | 51,052 | $13.2M | Add +34.1% |
| COST Costco Wholesale Corp. | 0.43% | 13,709 | $13.0M | Add +46.3% |
| CRM Salesforce Inc. | 0.41% | 45,764 | $12.3M | Add +0.8% |
| V Visa Inc. Class A | 0.39% | 34,152 | $12.0M | Add +26.6% |
| MA Mastercard Inc. Class A | 0.38% | 21,192 | $11.6M | Add +16.4% |
| GS Goldman Sachs Group Inc. | 0.36% | 20,230 | $11.1M | Add +277.9% |
| EPI Wisdomtree India Earnings | 0.36% | 248,642 | $10.9M | Add +15.9% |
| DDOG Datadog Inc. Class A | 0.35% | 107,749 | $10.7M | Reduce -21.6% |
| UBER Uber Technologies Inc. | 0.35% | 144,773 | $10.5M | Add +6.3% |
| UNH Unitedhealth Group Inc. | 0.34% | 19,662 | $10.3M | Add +22.9% |
| XOM Exxon Mobil Corp. | 0.33% | 84,358 | $10.0M | Add +22.5% |
| WCLD Wisdomtree Cloud Computing | 0.30% | 284,912 | $9.2M | Add +11.4% |
| COIN Coinbase Global Inc. Class A | 0.30% | 52,043 | $9.0M | Reduce -9.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.29% | 115,493 | $8.7M | Reduce -27.2% |
| DASH DoorDash Inc. Class A | 0.28% | 46,835 | $8.6M | Add +13.6% |
| STIP iShares 0-5 Year Tips Bond E | 0.27% | 79,644 | $8.2M | Add +81.2% |
| GLD SPDR Gold Shares | 0.27% | 28,083 | $8.1M | Add +33.3% |
| DLO Dlocal Ltd. | 0.26% | 940,820 | $7.8M | No change |
| NFLX Netflix Inc. | 0.26% | 8,394 | $7.8M | Add +25.2% |
| ABBV Abbvie Inc. | 0.25% | 36,020 | $7.5M | Add +22.2% |
| T AT&T Inc. | 0.21% | 228,731 | $6.5M | Add +16.7% |
| CSCO Cisco Systems Inc. | 0.21% | 102,765 | $6.3M | Add +16.7% |
| BKNG Booking Holdings Inc. | 0.21% | 1,357 | $6.3M | Add +20.0% |
| JD Jd.com Inc.-ADR | 0.20% | 144,660 | $5.9M | Reduce -0.1% |
| MRK Merck & Co. Inc. | 0.18% | 60,835 | $5.5M | Add +8.6% |
| VZ Verizon Communications Inc. | 0.18% | 118,825 | $5.4M | Add +12.4% |
| MO Altria Group Inc. | 0.18% | 87,386 | $5.3M | Reduce -16.3% |
| LIN Linde PLC | 0.17% | 11,324 | $5.3M | Add +25.5% |
| AMZU Dire DLY Amzn Bul 2X ETF-Usd | 0.16% | 165,110 | $4.9M | New |
| JPST JPMorgan Ultra-Short Income | 0.16% | 94,991 | $4.8M | No change |
| IEMG iShares Core MSCI Emerging | 0.15% | 84,934 | $4.6M | Add +7.3% |
| VGT Vanguard Info Tech ETF | 0.15% | 8,222 | $4.5M | Add +1.9% |
| ORCL Oracle Corp. | 0.14% | 30,567 | $4.3M | Add +21.4% |
| DGRW Wisdomtree U.S. Quality Divi | 0.13% | 51,209 | $4.1M | Add +31.9% |
| ISRG Intuitive Surgical Inc. | 0.13% | 8,036 | $4.0M | Add +21.7% |
| ACN Accenture PLC Class A | 0.12% | 12,116 | $3.8M | Add +24.2% |
| DVA Davita Inc. | 0.12% | 24,524 | $3.8M | Reduce -3.5% |
| ADBE Adobe Inc. | 0.12% | 9,719 | $3.7M | Add +36.2% |
| BX Blackstone Inc. | 0.11% | 23,681 | $3.3M | Add +12.5% |
| SPGI S&P Global Inc. | 0.11% | 6,490 | $3.3M | Add +28.5% |
| BLK BlackRock Inc. | 0.11% | 3,460 | $3.3M | Add +17.5% |
| PTON Peloton Interactive Inc. Class A | 0.11% | 511,393 | $3.2M | Add +0.1% |
| SOFI Sofi Technologies Inc. | 0.10% | 265,947 | $3.1M | Reduce -4.2% |
| RAMP Liveramp Holdings Inc. | 0.10% | 117,111 | $3.1M | Add +1.0% |
| FROG Jfrog Ltd. | 0.10% | 94,873 | $3.0M | Add +72.9% |
| MPC Marathon Petroleum Corp. | 0.10% | 19,769 | $2.9M | Add +4.4% |
| NEE Nextera Energy Inc. | 0.09% | 39,884 | $2.8M | Add +23.1% |
| COP Conocophillips | 0.09% | 26,858 | $2.8M | Add +2.8% |
| EIPX FT Energy Inc. Partners Strat | 0.09% | 103,252 | $2.7M | Add +4.2% |
| DOCS Doximity Inc. Class A | 0.09% | 45,379 | $2.6M | Reduce -1.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.08% | 5,283 | $2.6M | Add +19.8% |
| CMCSA Comcast Corp. Class A | 0.08% | 67,459 | $2.5M | Add +2.3% |
| SBAC SBA Communications Corp. | 0.08% | 11,254 | $2.5M | Add +44.8% |
| EMLP First Trust North American E | 0.08% | 65,315 | $2.4M | Add +5.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.08% | 25,907 | $2.4M | No change |
| S Sentinelone Inc. Class A | 0.08% | 131,643 | $2.4M | Reduce -22.6% |
| QXO Qxo Inc. | 0.08% | 176,325 | $2.4M | Add +52.0% |
| YUMC Yum China Holdings Inc. | 0.08% | 45,540 | $2.4M | Add +255.9% |
| SPOT Spotify Technology SA | 0.08% | 4,235 | $2.3M | Add +34.1% |
| ACGL Arch Capital Group Ltd. | 0.08% | 24,034 | $2.3M | Add +6.9% |
| WOOF Petco Health and Wellness Co. | 0.08% | 751,740 | $2.3M | Add +0.1% |
| ORLY O'reilly Automotive Inc. | 0.07% | 1,556 | $2.2M | Add +45.1% |
| ETN Eaton Corp. PLC | 0.07% | 8,161 | $2.2M | Add +29.1% |
| NOW ServiceNow Inc. | 0.07% | 2,770 | $2.2M | Add +4.7% |
| G Genpact Ltd. | 0.07% | 43,584 | $2.2M | Add +41.4% |
| LPLA LPL Financial Holdings Inc. | 0.07% | 6,655 | $2.2M | Add +265.3% |
| XLK SS Technology Select Sector | 0.07% | 10,532 | $2.2M | No change |
| CB Chubb Ltd. | 0.07% | 7,174 | $2.2M | Add +8.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.07% | 58,231 | $2.1M | No change |
| WM Waste Management Inc. | 0.07% | 8,994 | $2.1M | Add +10.8% |
| MNST Monster Beverage Corp. | 0.07% | 35,410 | $2.1M | Add +50.7% |
| ZTS Zoetis Inc. | 0.07% | 12,572 | $2.1M | Add +35.6% |
| DUK Duke Energy Corp. | 0.07% | 16,521 | $2.0M | Add +19.8% |
| MDT Medtronic PLC | 0.07% | 22,023 | $2.0M | Add +23.1% |
| SH Proshares Short S&P500 | 0.07% | 44,700 | $2.0M | New |
| AMT American Tower Corp. | 0.07% | 9,050 | $2.0M | Add +41.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.06% | 24,321 | $1.9M | Reduce -16.0% |
| CARR Carrier Global Corp. | 0.06% | 30,100 | $1.9M | Add +24.2% |
Portfolio Sells Q4 2024 → Q1 2025
| VGIT Vanguard Intermediate-Term T | Reduce -51.0% | 3.64% | −4.47 |
| PPA Invesco Aerospace & Defense | Reduce -38.9% | 1.26% | −1.02 |
| XLV SS Health Care Select Sector | Reduce -51.8% | 0.54% | −0.64 |
| DDOG Datadog Inc. Class A | Reduce -21.6% | 0.35% | −0.37 |
| COIN Coinbase Global Inc. Class A | Reduce -9.3% | 0.30% | −0.23 |
| IBIT iShares Bitcoin Trust ETF | Reduce -90.9% | 0.01% | −0.17 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -27.2% | 0.29% | −0.12 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -1.2% | 0.56% | −0.12 |
| XLP SS Consumer Staples Sel Sect | Reduce -59.4% | 0.05% | −0.09 |
| S Sentinelone Inc. Class A | Reduce -22.6% | 0.08% | −0.06 |
| SOFI Sofi Technologies Inc. | Reduce -4.2% | 0.10% | −0.06 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -58.9% | 0.02% | −0.04 |
| XLY SS Consumer Disc Select Sect | Reduce -20.3% | 0.06% | −0.04 |
| AON Aon PLC Class A | Reduce -1.5% | 1.47% | −0.03 |
| TFI SS SPDR N Ice Muni Bond ETF | Sold out | 0.00% | −0.03 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.03 |
| MO Altria Group Inc. | Reduce -16.3% | 0.18% | −0.03 |
| GM General Motors Co. | Reduce -34.9% | 0.03% | −0.03 |
| PATH Uipath Inc. Class A | Reduce -6.9% | 0.06% | −0.03 |
| XELB Xcel Brands Inc. | Reduce -20.0% | 0.02% | −0.03 |
| BN Brookfield Corp. | Reduce -31.9% | 0.03% | −0.03 |
| TQQQ Proshares Ultrapro QQQ | Sold out | 0.00% | −0.03 |
| INDA iShares MSCI India ETF | Reduce -34.2% | 0.03% | −0.03 |
| PREMIER INC-CLASS A | Sold out | 0.00% | −0.02 |
| MEAR Ishrs Short Mat Muni Act ETF | Sold out | 0.00% | −0.02 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -14.1% | 0.06% | −0.02 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.02 |
| GSBD Goldman Sachs BDC Inc. | Sold out | 0.00% | −0.02 |
| EQIX Equinix Inc. | Reduce -30.4% | 0.02% | −0.02 |
| CCO Clear Channel Outdoor Holdin | Sold out | 0.00% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -16.0% | 0.06% | −0.02 |
| NTAP Netapp Inc. | Sold out | 0.00% | −0.02 |
| TBIL F/M US Treasury 3 Month Bill | Sold out | 0.00% | −0.02 |
| DVA Davita Inc. | Reduce -3.5% | 0.12% | −0.02 |
| EPAM Epam Systems Inc. | Sold out | 0.00% | −0.02 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −0.02 |
| JHG Janus Henderson Group PLC | Sold out | 0.00% | −0.01 |
| ALSN Allison Transmission Holding | Reduce -9.5% | 0.04% | −0.01 |
| APP AppLovin Corp. Class A | Reduce -14.6% | 0.02% | −0.01 |
| INCY Incyte Corp. | Sold out | 0.00% | −0.01 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.01 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.01 |
| TTD Trade Desk Inc./the Class A | Reduce -19.4% | 0.01% | −0.01 |
| FTV Fortive Corp. | Reduce -39.3% | 0.01% | −0.01 |
| U Unity Software Inc. | Sold out | 0.00% | −0.01 |
| WEBL Dirxn DLY DJNS Int BL3 E-Usi | Sold out | 0.00% | −0.01 |
| HPQ HP Inc. | Sold out | 0.00% | −0.01 |
| IRM Iron Mountain Inc. | Reduce -36.5% | 0.01% | −0.01 |
| PAVE Global X US Infrastructure | Reduce -17.1% | 0.03% | −0.01 |
| BEP Brookfield Renewable Partner | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| USFR Wisdomtree Floating Rate Tre | Add +25.2% | 45.40% | +4.84 |
| VGSH Vanguard Short-Term Treasury | Add +370.2% | 4.59% | +3.51 |
| KBWB Invesco KBW Bank ETF | Add +119.5% | 1.39% | +0.65 |
| GS Goldman Sachs Group Inc. | Add +277.9% | 0.36% | +0.25 |
| AMZU Dire DLY Amzn Bul 2X ETF-Usd | New | 0.16% | +0.16 |
| META Meta Platforms Inc. Class A | Add +33.7% | 0.76% | +0.11 |
| COST Costco Wholesale Corp. | Add +46.3% | 0.43% | +0.11 |
| STIP iShares 0-5 Year Tips Bond E | Add +81.2% | 0.27% | +0.11 |
| V Visa Inc. Class A | Add +26.6% | 0.39% | +0.08 |
| GLD SPDR Gold Shares | Add +33.3% | 0.27% | +0.08 |
| SH Proshares Short S&P500 | New | 0.07% | +0.07 |
| XOM Exxon Mobil Corp. | Add +22.5% | 0.33% | +0.06 |
| ABBV Abbvie Inc. | Add +22.2% | 0.25% | +0.06 |
| YUMC Yum China Holdings Inc. | Add +255.9% | 0.08% | +0.06 |
| LPLA LPL Financial Holdings Inc. | Add +265.3% | 0.07% | +0.05 |
| VONG Vanguard Russell 1000 Growth | New | 0.05% | +0.05 |
| T AT&T Inc. | Add +16.7% | 0.21% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | Add +14.2% | 5.35% | +0.05 |
| NTNX Nutanix Inc. Class A | New | 0.05% | +0.05 |
| UBER Uber Technologies Inc. | Add +6.3% | 0.35% | +0.04 |
| SGI Somnigroup International Inc. | Add +478.4% | 0.05% | +0.04 |
| MNDY Monday.com Ltd. | Add +18.9% | 0.48% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +22.9% | 0.34% | +0.04 |
| FROG Jfrog Ltd. | Add +72.9% | 0.10% | +0.04 |
| FOXA Fox Corp. Class A | Add +199.8% | 0.06% | +0.04 |
| NFLX Netflix Inc. | Add +25.2% | 0.26% | +0.04 |
| ST Sensata Technologies Holdplc | New | 0.04% | +0.04 |
| LIN Linde PLC | Add +25.5% | 0.17% | +0.03 |
| ESI Element Solutions Inc. | New | 0.03% | +0.03 |
| EPR Epr Properties | New | 0.03% | +0.03 |
| PINS Pinterest Inc. Class A | New | 0.03% | +0.03 |
| MA Mastercard Inc. Class A | Add +16.4% | 0.38% | +0.03 |
| MOH Molina Healthcare Inc. | Add +165.9% | 0.04% | +0.03 |
| DASH DoorDash Inc. Class A | Add +13.6% | 0.28% | +0.03 |
| ORLY O'reilly Automotive Inc. | Add +45.1% | 0.07% | +0.03 |
| JCI Johnson Controls Internation | Add +176.8% | 0.04% | +0.03 |
| KBDC Kayne Anderson BDC Inc. | Add +100.0% | 0.06% | +0.03 |
| WCC Wesco International Inc. | New | 0.03% | +0.03 |
| YETI Yeti Holdings Inc. | Add +296.8% | 0.04% | +0.03 |
| LOPE Grand Canyon Education Inc. | Add +260.6% | 0.04% | +0.02 |
| SPOT Spotify Technology SA | Add +34.1% | 0.08% | +0.02 |
| AR Antero Resources Corp. | Add +0.1% | 0.78% | +0.02 |
| BLD Topbuild Corp. | New | 0.02% | +0.02 |
| G Genpact Ltd. | Add +41.4% | 0.07% | +0.02 |
| SBAC SBA Communications Corp. | Add +44.8% | 0.08% | +0.02 |
| MNST Monster Beverage Corp. | Add +50.7% | 0.07% | +0.02 |
| FAF First American Financial | New | 0.02% | +0.02 |
| VZ Verizon Communications Inc. | Add +12.4% | 0.18% | +0.02 |
| OTIS Otis Worldwide Corp. | Add +79.5% | 0.05% | +0.02 |
| AMT American Tower Corp. | Add +41.1% | 0.07% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,470 | $7.9B | VOO, USFR, AVGO, AAPL, VEA |
| Q1 2026 | 1,439 | $7.0B | VOO, USFR, AVGO, AAPL, VEA |
| Q4 2025 | 1,301 | $5.8B | VOO, USFR, AVGO, AAPL, RSP |
| Q3 2025 | 1,326 | $7.2B | USFR, VOO, AVGO, ISHG, RSP |
| Q2 2025 | 1,114 | $5.8B | USFR, VOO, AVGO, ISHG, RSP |
| Q1 2025 | 423 | $3.0B | USFR, RSP, VGSH, AVGO, VGIT |
| Q4 2024 | 390 | $2.7B | USFR, VGIT, AVGO, RSP, QUAL |
| Q3 2024 | 718 | $4.0B | USFR, VOO, VGIT, AGG, RSP |
| Q2 2024 | 615 | $3.8B | USFR, VOO, VGIT, AGG, RSP |
| Q1 2024 | 611 | $3.8B | USFR, VOO, VGIT, AGG, RSP |