Summit Trail Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Summit Trail Advisors, LLC reported 1,326 stock positions worth $7.2 billion. Its top holding was Wisdomtree Floating Rate Tre (USFR) at 15.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.0%) and Broadcom (AVGO, 3.4%). Compared with Q2 2025, it opened 243 new positions, sold out of 31, added to 892 and reduced 120. The biggest buy was Invesco S&P 500 Equal Weight (RSPT, shares +4241%) and the biggest sale Wisdomtree Floating Rate Tre (USFR, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001698478
- Portfolio Value
- $7.2B (Q3 2025)
- SEC Filing
- 0001951757-25-001440 ↗ filed Nov 14, 2025
Holdings Value
Holdings 1,326 stocks · $7.2B
| USFR Wisdomtree Floating Rate Tre | 15.04% | 21,635,745 | $1.1B | Reduce -3.1% |
| VOO Vanguard S&P 500 ETF | 10.00% | 1,177,727 | $723.3M | Add +8.0% |
| AVGO Broadcom Inc. | 3.38% | 740,578 | $244.3M | Add +1.8% |
| ISHG iShares -3 Year Internationa | 2.48% | 2,352,066 | $179.2M | Add +7.1% |
| RSP Invesco S&P 500 Equal Weight | 2.33% | 888,239 | $168.5M | Add +13.3% |
| VEA Vanguard Ftse Developed ETF | 2.18% | 2,627,866 | $157.5M | Add +22.8% |
| AAPL Apple Inc. | 2.00% | 566,770 | $144.3M | Add +11.1% |
| VGSH Vanguard Short-Term Treasury | 1.93% | 2,376,345 | $139.8M | Add +2.4% |
| MSFT Microsoft Corp. | 1.90% | 265,271 | $137.4M | Add +8.2% |
| NVDA Nvidia Corp. | 1.67% | 649,216 | $121.1M | Add +10.3% |
| APH Amphenol Corp. Class A | 1.25% | 728,697 | $90.3M | Add +1.3% |
| VWO Vanguard Ftse Emerging Marke | 1.22% | 1,626,147 | $88.1M | Add +6.7% |
| IWF iShares Russell 1000 Growth | 0.98% | 151,058 | $70.8M | Add +22.5% |
| AMZN Amazon.com Inc. | 0.95% | 312,396 | $68.6M | Add +8.7% |
| GOOG Alphabet Inc. Class C | 0.94% | 280,413 | $68.3M | Add +2.9% |
| EXPD Expeditors Intl Wash Inc. | 0.94% | 554,324 | $68.0M | Add +48.1% |
| VGIT Vanguard Intermediate-Term T | 0.92% | 1,106,248 | $66.4M | Reduce -17.1% |
| GOOGL Alphabet Inc. Class A | 0.89% | 264,914 | $64.4M | Add +7.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.87% | 93,751 | $62.6M | Reduce -0.3% |
| PLTR Palantir Technologies Inc. Class A | 0.73% | 290,421 | $53.0M | Reduce -13.1% |
| KBWB Invesco KBW Bank ETF | 0.69% | 638,955 | $50.0M | Add +35.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.69% | 151,802 | $50.0M | Add +20.8% |
| PPA Invesco Aerospace & Defense | 0.64% | 299,392 | $46.5M | Reduce -0.1% |
| AGG iShares Core U.S. Aggregate | 0.60% | 434,093 | $43.5M | Add +9.2% |
| META Meta Platforms Inc. Class A | 0.60% | 59,084 | $43.4M | Add +14.6% |
| AON Aon PLC Class A | 0.55% | 112,301 | $40.0M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 75,419 | $37.9M | Add +4.7% |
| JPM JPMorgan Chase & Co. | 0.52% | 120,040 | $37.9M | Add +6.0% |
| EFA iShares MSCI Eafe ETF | 0.51% | 392,119 | $36.6M | Add +6.4% |
| IWM iShares Russell 2000 ETF | 0.49% | 147,818 | $35.8M | Add +3.5% |
| TSLA Tesla Inc. | 0.48% | 78,502 | $34.9M | Add +11.7% |
| HIMS Hims & Hers Health Inc. | 0.46% | 590,596 | $33.5M | Add +5.5% |
| RSPT Invesco S&P 500 Equal Weight | 0.43% | 705,373 | $31.4M | Add +4241.0% |
| QUAL iShares MSCI USA Quality Fac | 0.41% | 154,127 | $30.0M | Reduce -46.4% |
| IAU iShares Gold Trust | 0.39% | 385,315 | $28.0M | Add +35.7% |
| KCCA Kraneshares California Carbo | 0.38% | 1,607,871 | $27.4M | Add +4.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.33% | 92,701 | $23.6M | Reduce -12.5% |
| APO Apollo Global Management Inc. | 0.32% | 174,122 | $23.2M | Add +4.9% |
| IJH iShares Core S&P Midcap ETF | 0.31% | 346,058 | $22.6M | Add +137.1% |
| OKTA Okta Inc. | 0.29% | 225,737 | $20.7M | Add +40.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.28% | 232,007 | $20.3M | Add +59.5% |
| CAT Caterpillar Inc. | 0.28% | 42,171 | $20.1M | Reduce -0.4% |
| AR Antero Resources Corp. | 0.27% | 592,238 | $19.9M | Add +2.3% |
| DDOG Datadog Inc. Class A | 0.25% | 128,973 | $18.4M | Add +13.2% |
| SCHW Schwab (charles) Corp. | 0.25% | 188,423 | $18.0M | Add +4.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.25% | 36,422 | $17.9M | Add +21.6% |
| XLI SS Industrial Select Sector | 0.24% | 111,514 | $17.2M | New |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.24% | 299,577 | $17.1M | Reduce -3.2% |
| COIN Coinbase Global Inc. Class A | 0.24% | 50,625 | $17.1M | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.23% | 89,368 | $16.6M | Add +10.4% |
| IVV iShares Core S&P 500 ETF | 0.23% | 24,645 | $16.5M | Add +7.1% |
| LLY Eli Lilly & Co. | 0.23% | 21,466 | $16.4M | Add +11.7% |
| GS Goldman Sachs Group Inc. | 0.23% | 20,456 | $16.3M | Add +6.7% |
| BILL Bill Holdings Inc. | 0.22% | 305,698 | $16.2M | Add +20.7% |
| COST Costco Wholesale Corp. | 0.22% | 17,457 | $16.2M | Add +9.2% |
| EFV iShares MSCI Eafe Value ETF | 0.22% | 238,137 | $16.2M | No change |
| VT Vanguard Tot World STK ETF | 0.22% | 115,903 | $16.0M | Reduce -0.7% |
| V Visa Inc. Class A | 0.22% | 46,593 | $15.9M | Add +7.7% |
| UBER Uber Technologies Inc. | 0.22% | 162,173 | $15.9M | Add +1.1% |
| MA Mastercard Inc. Class A | 0.22% | 27,473 | $15.6M | Add +9.1% |
| HD Home Depot Inc. | 0.21% | 36,896 | $15.0M | Add +13.0% |
| NFLX Netflix Inc. | 0.20% | 12,288 | $14.7M | Add +13.4% |
| DASH DoorDash Inc. Class A | 0.20% | 52,625 | $14.3M | Add +3.1% |
| XOM Exxon Mobil Corp. | 0.19% | 123,596 | $13.9M | Add +9.4% |
| WMT Walmart Inc. | 0.19% | 131,967 | $13.6M | Add +15.7% |
| DLO Dlocal Ltd. | 0.19% | 940,820 | $13.4M | No change |
| ANET Arista Networks Inc. | 0.18% | 90,474 | $13.2M | Reduce -8.5% |
| EPI Wisdomtree India Earnings | 0.18% | 293,067 | $13.0M | Add +20.1% |
| BBJP JPMorgan Betabuilders Japan | 0.18% | 195,252 | $12.9M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 21,390 | $12.9M | Add +2.5% |
| ORCL Oracle Corp. | 0.18% | 45,224 | $12.7M | Add +17.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 244,274 | $12.6M | Add +13.7% |
| GLD SPDR Gold Shares | 0.17% | 34,531 | $12.3M | Add +23.8% |
| PM Philip Morris International | 0.17% | 75,396 | $12.2M | Add +10.4% |
| CRM Salesforce Inc. | 0.16% | 49,047 | $11.6M | Add +1.2% |
| CVX Chevron Corp. | 0.16% | 73,735 | $11.5M | Add +19.3% |
| BKNG Booking Holdings Inc. | 0.16% | 2,098 | $11.3M | Add +27.4% |
| ABBV Abbvie Inc. | 0.16% | 48,893 | $11.3M | Add +13.6% |
| IJR iShares Core S&P Small-Cap E | 0.16% | 94,780 | $11.3M | Add +0.6% |
| RTX RTX Corp. | 0.15% | 66,252 | $11.1M | Add +8.9% |
| BND Vanguard Total Bond Market | 0.14% | 137,974 | $10.3M | Add +20.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.14% | 54,568 | $10.2M | Add +59.0% |
| STIP iShares 0-5 Year Tips Bond E | 0.14% | 98,613 | $10.2M | Add +44.1% |
| LMT Lockheed Martin Corp. | 0.14% | 19,730 | $9.8M | Reduce -6.2% |
| UNH Unitedhealth Group Inc. | 0.13% | 28,132 | $9.7M | Add +53.1% |
| ERIE Erie Indemnity Company Class A | 0.13% | 29,605 | $9.4M | Add +35.0% |
| WFC Wells Fargo & Co. | 0.13% | 112,114 | $9.4M | Add +12.8% |
| CSCO Cisco Systems Inc. | 0.13% | 136,427 | $9.3M | Add +14.3% |
| GE General Electric filed as GE AEROSPACE | 0.13% | 30,978 | $9.3M | Add +17.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.13% | 29,458 | $9.1M | No change |
| ITOT iShares Core S&P Total U.S. | 0.12% | 60,736 | $8.8M | Reduce -4.3% |
| T AT&T Inc. | 0.12% | 302,654 | $8.5M | Add +8.8% |
| PG The Procter & Gamble Co. | 0.12% | 55,051 | $8.5M | Add +14.3% |
| ABT Abbott Laboratories | 0.11% | 61,210 | $8.2M | Add +4.7% |
| TNET Trinet Group Inc. | 0.11% | 121,485 | $8.1M | Reduce -3.6% |
| SPG Simon Property Group Inc. | 0.11% | 43,268 | $8.1M | Add +58.1% |
| VONG Vanguard Russell 1000 Growth | 0.11% | 66,701 | $8.0M | Reduce -1.1% |
| AXP American Express Co. | 0.11% | 24,045 | $8.0M | Reduce -2.5% |
| IEMG iShares Core MSCI Emerging | 0.11% | 120,521 | $7.9M | Add +86.6% |
| C Citigroup Inc. | 0.11% | 77,413 | $7.9M | Add +9.4% |
Options reported separately and not counted above: BROADCOM INC calls ($4.0M), WESTERN DIGITAL CORP calls ($842K), TARGET CORP puts ($450K), PHILIP MORRIS INTL INC calls ($446K), TAPESTRY INC calls ($390K), SLB LIMITED puts ($331K), SANDISK CORP calls ($307K), AKAMAI TECHNOLOGIES INC puts ($300K), UNITED PARCEL SVCS INC puts ($293K), CITIGROUP INC calls ($224K), QUALCOMM INC puts ($213K), KRAFT HEINZ CO puts ($204K), and 4 more.
Other holdings (2): bonds, preferreds, convertibles and warrants · $228K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 3,250 | $226K | No change |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 25,000 | $2K | No change |
Total filed on the 13F, all lines: $7.2B.
Portfolio Sells Q2 2025 → Q3 2025
| USFR Wisdomtree Floating Rate Tre | Reduce -3.1% | 15.04% | −4.25 |
| QUAL iShares MSCI USA Quality Fac | Reduce -46.4% | 0.41% | −0.49 |
| VGIT Vanguard Intermediate-Term T | Reduce -17.1% | 0.92% | −0.45 |
| AON Aon PLC Class A | Reduce -1.8% | 0.55% | −0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.3% | 0.87% | −0.13 |
| WCLD Wisdomtree Cloud Computing | Sold out | 0.00% | −0.11 |
| XLV SS Health Care Select Sector | Reduce -58.5% | 0.06% | −0.11 |
| MNDY Monday.com Ltd. | Reduce -0.3% | 0.10% | −0.11 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -12.5% | 0.33% | −0.11 |
| PPA Invesco Aerospace & Defense | Reduce -0.1% | 0.64% | −0.09 |
| COIN Coinbase Global Inc. Class A | Reduce -0.7% | 0.24% | −0.07 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -3.2% | 0.24% | −0.05 |
| PLTR Palantir Technologies Inc. Class A | Reduce -13.1% | 0.73% | −0.05 |
| TNET Trinet Group Inc. | Reduce -3.6% | 0.11% | −0.05 |
| IGV iShares Expanded Tech-Softwa | Reduce -36.4% | 0.05% | −0.04 |
| VT Vanguard Tot World STK ETF | Reduce -0.7% | 0.22% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -6.2% | 0.14% | −0.03 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -11.1% | 0.08% | −0.03 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -6.4% | 0.06% | −0.03 |
| SBAC SBA Communications Corp. | Reduce -16.3% | 0.03% | −0.03 |
| EMN Eastman Chemical Co. | Reduce -80.6% | 0.00% | −0.03 |
| ITOT iShares Core S&P Total U.S. | Reduce -4.3% | 0.12% | −0.02 |
| AXP American Express Co. | Reduce -2.5% | 0.11% | −0.02 |
| CI The Cigna Group | Reduce -23.8% | 0.03% | −0.02 |
| IGOV iShares International Treasu | Reduce -18.1% | 0.04% | −0.02 |
| UPS United Parcel Service Class B | Reduce -4.6% | 0.04% | −0.02 |
| CL Colgate-Palmolive Co. | Reduce -35.9% | 0.02% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -4.3% | 0.09% | −0.02 |
| ZTS Zoetis Inc. | Reduce -17.6% | 0.03% | −0.02 |
| BSX Boston Scientific Corp. | Reduce -0.9% | 0.05% | −0.02 |
| AVY Avery Dennison Corp. | Reduce -44.6% | 0.01% | −0.02 |
| PATH Uipath Inc. Class A | Reduce -57.6% | 0.01% | −0.02 |
| EEM iShares MSCI Emerging Market | Reduce -3.9% | 0.09% | −0.02 |
| VONG Vanguard Russell 1000 Growth | Reduce -1.1% | 0.11% | −0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -6.6% | 0.03% | −0.02 |
| TDG Transdigm Group Inc. | Reduce -2.9% | 0.03% | −0.01 |
| SHC Sotera Health Co. | Reduce -58.1% | 0.01% | −0.01 |
| MASI Masimo Corp. | Reduce -48.0% | 0.01% | −0.01 |
| IWV iShares Russell 3000 ETF | Reduce -2.0% | 0.07% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -0.9% | 0.07% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.01 |
| JD Jd.com Inc.-ADR | Reduce -0.5% | 0.07% | −0.01 |
| TT Trane Technologies PLC | Reduce -0.9% | 0.04% | −0.01 |
| XLP SS Consumer Staples Sel Sect | Reduce -29.8% | 0.01% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -21.4% | 0.02% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.5% | 0.04% | −0.01 |
| UDMY Udemy Inc. | Reduce -24.8% | 0.02% | −0.01 |
| HES Hess Corp. | Sold out | 0.00% | −0.01 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| RSPT Invesco S&P 500 Equal Weight | Add +4241.0% | 0.43% | +0.42 |
| XLI SS Industrial Select Sector | New | 0.24% | +0.24 |
| EXPD Expeditors Intl Wash Inc. | Add +48.1% | 0.94% | +0.21 |
| AAPL Apple Inc. | Add +11.1% | 2.00% | +0.20 |
| BBJP JPMorgan Betabuilders Japan | New | 0.18% | +0.18 |
| IJH iShares Core S&P Midcap ETF | Add +137.1% | 0.31% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +7.4% | 0.89% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +2.9% | 0.94% | +0.11 |
| KBWB Invesco KBW Bank ETF | Add +35.0% | 0.69% | +0.11 |
| TSLA Tesla Inc. | Add +11.7% | 0.48% | +0.10 |
| IAU iShares Gold Trust | Add +35.7% | 0.39% | +0.08 |
| VEA Vanguard Ftse Developed ETF | Add +22.8% | 2.18% | +0.08 |
| IWF iShares Russell 1000 Growth | Add +22.5% | 0.98% | +0.08 |
| NVDA Nvidia Corp. | Add +10.3% | 1.67% | +0.08 |
| IEFA iShares Core MSCI Eafe ETF | Add +59.5% | 0.28% | +0.07 |
| IEMG iShares Core MSCI Emerging | Add +86.6% | 0.11% | +0.04 |
| WDC Western Digital Corp. | Add +15.6% | 0.09% | +0.04 |
| SPG Simon Property Group Inc. | Add +58.1% | 0.11% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +59.0% | 0.14% | +0.04 |
| ARMK Aramark | Add +685.4% | 0.04% | +0.04 |
| ARW Arrow Electronics Inc. | Add +982.7% | 0.04% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +53.1% | 0.13% | +0.04 |
| INTC Intel Corp. | Add +130.6% | 0.06% | +0.04 |
| MOS The Mosaic Co. | New | 0.04% | +0.04 |
| MSA Msa Safety Inc. | Add +660.1% | 0.04% | +0.03 |
| SNPS Synopsys Inc. | Add +493.7% | 0.04% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +20.8% | 0.69% | +0.03 |
| MRVL Marvell Technology Inc. | New | 0.03% | +0.03 |
| APP AppLovin Corp. Class A | Add +44.9% | 0.06% | +0.03 |
| DOV Dover Corp. | Add +766.3% | 0.04% | +0.03 |
| HPE Hewlett Packard Enterprise | New | 0.03% | +0.03 |
| MCHP Microchip Technology Inc. | Add +644.9% | 0.04% | +0.03 |
| NKE Nike Inc. Class B | New | 0.03% | +0.03 |
| ORCL Oracle Corp. | Add +17.9% | 0.18% | +0.03 |
| CIBR First Trust Nasdaq Cybersecu | New | 0.03% | +0.03 |
| CLX Clorox Company | Add +317.6% | 0.04% | +0.03 |
| SWK Stanley Black & Decker Inc. | Add +526.5% | 0.04% | +0.03 |
| HPQ HP Inc. | New | 0.03% | +0.03 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.03% | +0.03 |
| OC Owens Corning | New | 0.03% | +0.03 |
| EXPE Expedia Group Inc. | Add +148.4% | 0.05% | +0.03 |
| DLR Digital Realty Trust Inc. | Add +581.8% | 0.03% | +0.03 |
| MSI Motorola Solutions Inc. | Add +209.0% | 0.04% | +0.03 |
| SGI Somnigroup International Inc. | Add +98.2% | 0.06% | +0.03 |
| SJM The JM Smucker Co. | Add +312.2% | 0.04% | +0.03 |
| APH Amphenol Corp. Class A | Add +1.3% | 1.25% | +0.03 |
| H Hyatt Hotels Corp. Class A | New | 0.03% | +0.03 |
| TDY Teledyne Technologies Inc. | Add +490.9% | 0.03% | +0.03 |
| DOX Amdocs Ltd. | New | 0.03% | +0.03 |
| AKAM Akamai Technologies Inc. | New | 0.03% | +0.03 |
Options Activity Q2 2025 → Q3 2025
| BROADCOM INC | call | New | 50,900 | $4.0M |
| WESTERN DIGITAL CORP | call | New | 17,500 | $842K |
| TARGET CORP | put | New | 47,300 | $450K |
| PHILIP MORRIS INTL INC | call | New | 9,400 | $446K |
| TAPESTRY INC | call | New | 12,900 | $390K |
| SLB LIMITED | put | New | 44,100 | $331K |
| SANDISK CORP | call | New | 5,800 | $307K |
| AKAMAI TECHNOLOGIES INC | put | New | 78,800 | $300K |
| UNITED PARCEL SVCS INC | put | New | 15,900 | $293K |
| CITIGROUP INC | call | New | 16,300 | $224K |
| QUALCOMM INC | put | New | 76,000 | $213K |
| KRAFT HEINZ CO | put | New | 44,100 | $204K |
| BRISTOL-MYERS SQUIBB CO | put | New | 125,700 | $182K |
| WHIRLPOOL CORP | put | New | 20,000 | $181K |
| CONSTELLATION BRANDS INC | put | New | 21,000 | $156K |
| BROADCOM INC | put | New | 25,800 | $72K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |