Summit Trail Advisors, LLC
SEC Form 13F institutional filer · CIK 0001698478
13F-HR · 514 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$4.58B
Top-10 concentration
45.0%
Summit Trail Advisors, LLC — $4.58B AUM allocation strategy
Summit Trail Advisors, LLC files SEC Form 13F and reports $4.58B of long US equity value across 514 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 17.8%, followed by Financials 8.4% and Communication Services 6.9%.
The top 10 holdings account for 45% of reported value — a broadly spread portfolio. 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 Trail Advisors, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$4.58B
total across 514 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
45% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$EXPD +476K sh · +$57.7M+$NVDA +248K sh · +$36.1M+$IWM +236K sh · +$34.6M
Biggest trims (shares)
−$SCHW −342K sh · −$8.64M−$IVV −67K sh · +$5.54M−$AMCR −64.2K sh · +$145K
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)
- Semiconductors8.4%—
- Interactive Media & Services6.9%—
- Asset Management & Custody Banks5.8%—
- Technology Hardware, Storage & Peripherals3.9%—
- Systems Software2.3%—
- Electronic Components2.0%—
- Broadline Retail1.7%—
- Air Freight & Logistics1.3%—
- Other holdings67.7%—
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
7 of 7 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $IVZ | Invesco Ltd | 2.33M | $266M | +201K | 5.8% |
| $AVGO | Broadcom Inc | 759K | $238M | +31.9K | 5.2% |
| $AAPL | Apple Inc | 713K | $181M | +131K | 4.0% |
| $NVDA | NVIDIA Corporation | 835K | $146M | +248K | 3.2% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 465K | $134M | +213K | 2.9% |
| $GOOGL | Alphabet Inc | 401K | $115M | +134K | 2.5% |
| $MSFT | Microsoft Corporation | 291K | $108M | +44.1K | 2.4% |
…and 507 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.
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