Summit Asset Management, LLC
SEC Form 13F institutional filer · CIK 0001509974
13F-HR · 97 reported holdings · 2026-03-31
Reported long-US-equity value
$0.48B
Top-10 concentration
78.4%
Summit Asset Management, LLC — $481M AUM allocation strategy
Summit Asset Management, LLC files SEC Form 13F and reports $481M of long US equity value across 97 reported holdings for 2026-03-31.
Its largest sector bet is Financials 52.2%, followed by Information Technology 6.0% and Consumer Discretionary 3.3%.
The top 10 holdings account for 78% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Summit Asset Management, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$481M
total across 97 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
78% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SCHW +160K sh · +$9.6M+$IVV +44.8K sh · +$3.24M+$AMZN +5.14K sh · +$246K
Biggest trims (shares)
−$VZ −1.64K sh · +$37.6K−$JNJ −686 sh · +$350K−$JCI −542 sh · +$165K
Exited to nil (held last quarter, gone now)
$BLK ($518K last qtr)$CRM ($321K last qtr)$DIS ($219K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Investment Banking & Brokerage47.0%—
- Multi-Sector Holdings3.8%—
- Technology Hardware, Storage & Peripherals2.3%—
- Semiconductors2.1%—
- Broadline Retail1.8%—
- Systems Software1.5%—
- Aerospace & Defense1.5%—
- Automotive Retail1.5%—
- Other holdings38.4%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
8 of 8 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $SCHW | Charles Schwab Corporation | 7.74M | $226M | +160K | 47.0% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 37.6K | $18M | -19 | 3.7% |
| $AAPL | Apple Inc | 43.8K | $11.1M | +1.16K | 2.3% |
| $NVDA | NVIDIA Corporation | 60.1K | $10.5M | +404 | 2.2% |
| $AMZN | Amazon.com Inc | 41.7K | $8.69M | +5.14K | 1.8% |
| $MSFT | Microsoft Corporation | 20.3K | $7.5M | +2.01K | 1.6% |
| $AZO | AutoZone Inc | 2.05K | $6.91M | +15 | 1.4% |
| $WMT | Walmart Inc | 48.6K | $6.04M | +924 | 1.3% |
…and 89 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.