Summit Investment Advisory Services, LLC
SEC Form 13F institutional filer · CIK 0001914395
13F-HR · 18 reported holdings · 2026-03-31
Reported long-US-equity value
$0.09B
Top-10 concentration
97.0%
Summit Investment Advisory Services, LLC — $89.4M AUM allocation strategy
Summit Investment Advisory Services, LLC files SEC Form 13F and reports $89.4M of long US equity value across 18 reported holdings for 2026-03-31.
Its largest sector bet is Financials 45.6%, followed by Information Technology 1.1% and Health Care 0.4%.
The top 10 holdings account for 97% 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 Investment Advisory Services, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$89.4M
total across 18 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
97% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$VOO +1.82K sh · +$302K+$BEN +1.26K sh · +$747K+$VB +112 sh · +$57.7K
Biggest trims (shares)
−$IVV −17.1K sh · −$1.03M−$SPGI −2.55K sh · −$298K−$BLK −2.07K sh · −$943K
Added from nil (new positions)
None this quarter
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 Banks40.8%—
- Financial Exchanges & Data3.9%—
- Investment Banking & Brokerage0.6%—
- Health Care Equipment0.4%—
- Semiconductors0.4%—
- Technology Hardware, Storage & Peripherals0.4%—
- Systems Software0.4%—
- Electric Utilities0.3%—
- Other holdings52.8%—
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
3 of 3 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $BEN | Franklin Templeton Inc | 1M | $28.8M | +1.26K | 32.2% |
| $BLK | BlackRock Inc | 67.8K | $7.66M | -2.07K | 8.6% |
| $SPGI | S&P Global Inc | 20.6K | $3.46M | -2.55K | 3.9% |
…and 15 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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