Institutional Manager · CIK 0001765536

Summit Financial, LLC

PARSIPPANY, NJ · File #028-19062

Latest AUM

$6.81B

Positions

1,283

Top-10 Concentration

51.3%

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	46438G653	+1,135,243	+$29.9M	-$52,222
ADD	NETFLIX INC	NFLX	+175,987	+$16.5M	-$26.0M
ADD	SELECT SECTOR SPDR TR	81369Y886	+374,477	+$16.0M	-$17.0M
ADD	ISHARES TR	464287655	+62,955	+$15.5M	+$297,092
ADD	GOLDMAN SACHS GROUP INC	GSCE	+13,321	+$11.7M	+$1.3M
NEW	ROCKET COS INC	77311W101	+562,061	+$10.9M	$0
ADD	WELLS FARGO CO NEW	949746101	+102,036	+$9.5M	+$482,908
REDUCE	ISHARES TR	46435UAA9	-365,309	-$8.9M	-$23,173
REDUCE	COSTCO WHSL CORP NEW	22160K105	-9,773	-$8.4M	-$1.8M
REDUCE	ISHARES U S ETF TR	46431W507	-162,401	-$8.3M	-$64,863

Sector Allocation

Technology

8.9%$604.8M

Financials

7.7%$523.0M

Consumer Discretionary

2.6%$175.5M

2.5%$170.3M

1.9%$128.2M

1.4%$96.2M

1.1%$78.0M

Communication Services

1.1%$77.8M

Consumer Staples

0.8%$57.5M

Utilities

0.3%$21.9M

Real Estate

0.2%$11.4M

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 20251,283 pos · $6.81B
Nov 14, 202513F HOLDINGS REPORTQ/E Sep 20251,238 pos · $6.55B
Aug 13, 202513F HOLDINGS REPORTQ/E Jun 2025809 pos · $4.42B
May 14, 202513F HOLDINGS REPORTQ/E Mar 2025706 pos · $3.57B
Feb 12, 202513F HOLDINGS REPORTQ/E Dec 2024662 pos · $2.85B
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 2024556 pos · $21.6M
Jul 31, 202413F HOLDINGS REPORTQ/E Jun 2024487 pos · $2.19B
Apr 24, 202413F HOLDINGS REPORTQ/E Mar 2024381 pos · $1.69B
Nov 7, 202313F HOLDINGS REPORTQ/E Dec 2023332 pos · $1.35B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908769	1,661,237	$557.0M	16.43%
2	VANGUARD INTL EQUITY INDEX F	922042775	3,339,132	$245.6M	7.25%
3	ISHARES TR	464287200	230,276	$157.7M	4.65%
4	APPLE INC	AAPL	531,978	$144.6M	4.27%
5	VANGUARD INDEX FDS	922908736	243,232	$118.7M	3.50%
6	NVIDIA CORPORATION	NVDA	633,764	$118.2M	3.49%
7	MICROSOFT CORP	MSFT	221,500	$107.1M	3.16%
8	SPDR S&P 500 ETF TR	SPY	145,586	$99.6M	2.94%
9	VANGUARD INDEX FDS	922908363	155,474	$97.5M	2.88%
10	VANGUARD INDEX FDS	922908744	481,837	$92.0M	2.71%
11	INVESCO EXCH TRADED FD TR II	IVZ	342,229	$86.6M	2.55%
12	AMAZON COM INC	AMZN	354,731	$81.9M	2.42%
13	BERKSHIRE HATHAWAY INC DEL	BRK-A	160,739	$80.8M	2.38%
14	J P MORGAN EXCHANGE TRADED F	46654Q716	1,359,312	$73.7M	2.18%
15	INVESCO QQQ TR	IVZ	110,418	$67.8M	2.00%
16	PIMCO ETF TR	72201R585	2,382,094	$63.9M	1.88%
17	PALANTIR TECHNOLOGIES INC	PLTR	348,961	$62.0M	1.83%
18	JPMORGAN CHASE & CO.	VYLD	188,270	$60.7M	1.79%
19	ISHARES TR	46436E130	1,952,145	$51.0M	1.51%
20	TESLA INC	TSLA	100,594	$45.2M	1.33%