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Livermore
Livermore
ZHEN

Summit Asset Management, LLC

SEC CIK
0001509974
Latest filing
Aug 6, 2026

The latest 13F from Summit Asset Management, LLC covers Q2 2026 (filed Aug 6, 2026): 183 long positions worth $780.4M. The top 10 holdings make up 51.9% of the portfolio, and the largest is Schwab US Dividend Equity ETF at 8.4%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
17
Est. +$6.86M
Added
58
Est. +$7.52M
Reduced
49
Est. −$4.87M
Sold out
6
Est. −$3.40M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab US Dividend Equity ETF808524797
    8.4%$65.6M
  2. Schwab U.S. Large-Cap Growth ETF808524300
    6.2%$48.4M
  3. Schwab U.S. Mid-Cap ETF808524508
    5.9%$46.4M
  4. Schwab International Equity ETF808524805
    5.7%$44.5M
  5. Schwab U.S. Large-Cap Value ETF808524409
    5.5%$42.6M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$1.97MAdded
  2. iShares Core U.S. Aggregate Bond ETF464287226
    +$1.29MAdded
  3. HONHoneywell International Inc
    +$1.09MNewHistory
  4. HONAHoneywell Aerospace Inc.
    +$1.08MNewHistory
  5. Vanguard Mun BD FDS922907746
    +$910.8KNew

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. HONHoneywell International Inc
    +0.14 pp0.0% → 0.1%History
  2. HONAHoneywell Aerospace Inc.
    +0.14 pp0.0% → 0.1%History
  3. Vanguard Mun BD FDS922907746
    +0.12 pp0.0% → 0.1%
  4. Victory Portfolios II92647X830
    +0.10 pp0.4% → 0.5%
  5. AAPLApple Inc.
    +0.09 pp1.5% → 1.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$2.16MSold outHistory
  2. Invesco QQQ Trust Series I46090E103
    −$532.5KReduced
  3. Schwab U.S. Large-Cap Growth ETF808524300
    −$415.7KReduced
  4. Ssga Active ETF Tr78467V848
    −$377.3KReduced
  5. Schwab U.S. Mid-Cap ETF808524508
    −$359.0KReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. HONHoneywell International Inc
    −0.30 pp0.3% → 0.0%History
  2. Schwab Strategic Tr808524672
    −0.24 pp2.7% → 2.4%
  3. WMTWalmart Inc.
    −0.14 pp0.8% → 0.7%History
  4. iShares Tr464287440
    −0.13 pp1.3% → 1.1%
  5. MSFTMicrosoft Corp
    −0.08 pp1.0% → 1.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$780.4M
+$61.6M (+8.6%) vs. prior quarter
Positions
183
+11 vs. prior quarter
Top 10 concentration
51.9%
Top 10 as share of value
Turnover
1.1%
Q2 2026, one quarter
Average holding period
18.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $780.4M (Q2 2026)

Q1 2021: $294.5MQ2 2021: $318.2MQ3 2021: $319.2MQ4 2021: $352.7MQ1 2022: $348.4MQ2 2022: $323.1MQ3 2022: $309.4MQ4 2022: $345.6MQ1 2023: $363.4MQ2 2023: $379.4MQ3 2023: $368.3MQ4 2023: $418.0MQ1 2024: $466.1MQ2 2024: $483.1MQ3 2024: $532.4MQ4 2024: $569.2MQ1 2025: $577.7MQ2 2025: $613.8MQ3 2025: $650.4MQ4 2025: $706.7MQ1 2026: $718.8MQ2 2026: $780.4M
Q1 2021Q2 2026
13F filings of Summit Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 6, 2026183$780.4MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Mid-Cap ETFvs. Q1 2026SEC
Q1 2026May 8, 2026172$718.8MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFSchwab International Equity ETFvs. Q4 2025SEC
Q4 2025Feb 9, 2026171$706.7MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFVanEck Morningstar Wide Moat ETFvs. Q3 2025SEC
Q3 2025Nov 6, 2025170$650.4MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFVanEck Morningstar Wide Moat ETFvs. Q2 2025SEC
Q2 2025Aug 7, 2025171$613.8MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFVanEck Morningstar Wide Moat ETFvs. Q1 2025SEC
Q1 2025May 6, 2025166$577.7MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFVanEck Morningstar Wide Moat ETFvs. Q4 2024SEC
Q4 2024Feb 4, 2025161$569.2MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Mid-Cap ETFvs. Q3 2024SEC
Q3 2024Nov 6, 2024166$532.4MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFVanEck Morningstar Wide Moat ETFvs. Q2 2024SEC
Q2 2024Aug 5, 2024156$483.1MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Mid-Cap ETFvs. Q1 2024SEC
Q1 2024May 6, 2024158$466.1MSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2023SEC
Q4 2023Feb 6, 2024154$418.0MSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2023SEC
Q3 2023Nov 6, 2023150$368.3MSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2023SEC
Q2 2023Aug 7, 2023153$379.4MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Mid-Cap ETFvs. Q1 2023SEC
Q1 2023May 12, 2023152$363.4MSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFSchwab International Equity ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023151$345.6MSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFSchwab International Equity ETFvs. Q3 2022SEC
Q3 2022Nov 7, 2022149$309.4MSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2022SEC
Q2 2022Aug 10, 2022154$323.1MSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFSchwab International Equity ETFvs. Q1 2022SEC
Q1 2022May 9, 2022158$348.4MSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2021SEC
Q4 2021Feb 11, 2022155$352.7MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Mid-Cap ETFvs. Q3 2021SEC
Q3 2021Nov 8, 2021148$319.2MSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2021SEC
Q2 2021Aug 6, 2021145$318.2MSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2021SEC
Q1 2021May 7, 2021145$294.5MSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFSchwab U.S. Large-Cap Growth ETF–SEC