Institutional Manager · CIK 0001509974

Summit Asset Management, LLC

MEMPHIS, TN · File #028-14078

Latest AUM

$706.7M

Positions

171

Top-10 Concentration

56.2%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	ISHARES TR	464287226	+196,056	+$19.6M	-$33,368
ADD	ISHARES TR	46435U515	+719,036	+$18.3M	-$626
NEW	ISHARES TR	46436E205	+768,679	+$18.0M	$0
EXITED	ISHARES TR	46434VBD1	-671,458	-$16.9M	$0
REDUCE	ISHARES TR	46435GAA0	-693,531	-$16.8M	-$50,012
NEW	ISHARES TR	464288653	+161,453	+$16.4M	$0
ADD	VANGUARD SCOTTSDALE FDS	92206C870	+182,666	+$15.3M	-$72,075
REDUCE	ISHARES TR	464287440	-104,983	-$10.1M	-$60,650
REDUCE	SSGA ACTIVE ETF TR	78467V848	-60,204	-$2.4M	-$54,089
ADD	SCHWAB STRATEGIC TR	808524409	+63,102	+$1.9M	+$556,181

Sector Allocation

Technology

4.6%$32.6M

Financials

4.0%$28.0M

Consumer Discretionary

3.0%$21.0M

2.4%$17.0M

1.1%$7.8M

0.9%$6.7M

0.6%$3.9M

Communication Services

0.1%$1.1M

Utilities

0.1%$915,992

Materials

0.1%$421,175

Filing History

Feb 9, 202613F HOLDINGS REPORTQ/E Dec 2025171 pos · $706.7M
Nov 6, 202513F HOLDINGS REPORTQ/E Sep 2025170 pos · $650.4M
Aug 7, 202513F HOLDINGS REPORTQ/E Jun 2025171 pos · $613.8M
May 6, 202513F HOLDINGS REPORTQ/E Mar 2025166 pos · $577.7M
Feb 4, 202513F HOLDINGS REPORTQ/E Dec 2024161 pos · $569.2M
Nov 6, 202413F HOLDINGS REPORTQ/E Sep 2024166 pos · $532.4M
Aug 5, 202413F HOLDINGS REPORTQ/E Jun 2024156 pos · $483.1M
May 6, 202413F HOLDINGS REPORTQ/E Mar 2024158 pos · $466.1M
Nov 6, 202313F HOLDINGS REPORTQ/E Dec 2023150 pos · $368.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SCHWAB STRATEGIC TR	808524797	2,036,541	$55.9M	8.83%
2	SCHWAB STRATEGIC TR	808524300	1,399,024	$45.6M	7.21%
3	VANECK ETF TRUST	92189F643	382,063	$39.6M	6.25%
4	SCHWAB STRATEGIC TR	808524805	1,591,970	$38.3M	6.05%
5	SCHWAB STRATEGIC TR	808524508	1,260,594	$37.9M	5.99%
6	SCHWAB STRATEGIC TR	808524409	1,175,473	$34.8M	5.50%
7	VANGUARD SCOTTSDALE FDS	92206C870	382,757	$32.1M	5.07%
8	ISHARES TR	464287226	286,241	$28.6M	4.52%
9	ISHARES TR	464287200	31,884	$21.8M	3.45%
10	ISHARES TR	464287804	174,220	$20.9M	3.31%
11	BERKSHIRE HATHAWAY INC DEL	BRK-A	37,602	$18.9M	2.99%
12	WISDOMTREE TR	WT	383,245	$18.6M	2.95%
13	ISHARES TR	46435U515	728,665	$18.5M	2.93%
14	ISHARES TR	46435UAA9	762,818	$18.5M	2.93%
15	SCHWAB STRATEGIC TR	808524672	603,929	$18.0M	2.85%
16	ISHARES TR	46436E205	768,679	$18.0M	2.84%
17	ISHARES TR	464288653	161,453	$16.4M	2.59%
18	APPLE INC	AAPL	42,634	$11.6M	1.83%
19	NVIDIA CORPORATION	NVDA	59,652	$11.1M	1.76%
20	ISHARES TR	464287440	97,234	$9.4M	1.48%