Summit Financial, LLC
SEC Form 13F institutional filer · CIK 0001765536
13F-HR · 389 reported holdings · 2026-03-31
Wealth management firm.
Reported long-US-equity value
$4.23B
Top-10 concentration
47.4%
Summit Financial, LLC — $4.23B AUM allocation strategy
Summit Financial, LLC files SEC Form 13F and reports $4.23B of long US equity value across 389 reported holdings for 2026-03-31.
Its largest sector bet is Financials 13.5%, followed by Information Technology 10.0% and Communication Services 2.3%.
The top 10 holdings account for 47% 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 Financial, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$4.23B
total across 389 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
47% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SCHW +711K sh · +$18.7M+$IVV +455K sh · +$42.5M+$BLK +373K sh · +$19.5M
Biggest trims (shares)
−$INTC −86.8K sh · −$1.76M−$WFC −40.7K sh · −$5.33M−$CCL −29.2K sh · −$964K
Exited to nil (held last quarter, gone now)
$ALB ($4.57M last qtr)$BIIB ($1.96M last qtr)$WYNN ($400K last qtr)$FDS ($341K last qtr)$WDAY ($299K 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)
- Asset Management & Custody Banks4.9%—
- Technology Hardware, Storage & Peripherals4.0%—
- Investment Banking & Brokerage3.7%—
- Semiconductors2.8%—
- Interactive Media & Services2.3%—
- Systems Software2.1%—
- Broadline Retail2.0%—
- Multi-Sector Holdings1.9%—
- Other holdings76.3%—
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
5 of 5 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 660K | $168M | +128K | 4.0% |
| $SCHW | Charles Schwab Corporation | 5.3M | $156M | +711K | 3.7% |
| $IVZ | Invesco Ltd | 2.41M | $132M | +38.1K | 3.1% |
| $NVDA | NVIDIA Corporation | 690K | $120M | +56.1K | 2.8% |
| $MSFT | Microsoft Corporation | 237K | $87.8M | +15.6K | 2.1% |
…and 384 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
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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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