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Livermore
Livermore
ZHEN

Summit Trail Advisors, LLC

SEC CIK
0001698478
Latest filing
Aug 11, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 14, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
1,116
+693 vs. Q1 2025
Portfolio value
$5.83B
+$2.79B (+92.2%) vs. Q1 2025
Filed
Aug 14, 2025
SEC
Holdings of Summit Trail Advisors, LLC in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
VEEAWVeea Inc.*W EXP 03/18/20225,000$3.40K<0.1%+25,000NewHistory
UPWheels Up Experience Inc.COM CL A10,228$10.9K<0.1%00.0%UnchangedHistory
BORRBorr Drilling LtdSHS10,000$18.3K<0.1%−1,449−12.7%ReducedHistory
STTKShattuck Labs, Inc.COM23,629$18.7K<0.1%+1,629+7.4%AddedHistory
LCIDLucid Group, Inc.COM17,347$36.6K<0.1%+17,347NewHistory
PGENPrecigen, Inc.COM28,100$39.9K<0.1%00.0%UnchangedHistory
GALTGalectin Therapeutics IncCOM NEW20,000$42.2K<0.1%+20,000NewHistory
BFLYButterfly Network, Inc.COM CL A26,786$53.6K<0.1%+26,786NewHistory
BLZEBackblaze, Inc.COM CL A10,000$55.0K<0.1%00.0%UnchangedHistory
BLNDBlend Labs, Inc.CL A18,024$59.5K<0.1%00.0%UnchangedHistory
AURAurora Innovation, Inc.CLASS A COM12,256$64.2K<0.1%+12,256NewHistory
TACTTransact Technologies IncCOM18,983$68.5K<0.1%+18,983NewHistory
AIRSAirsculpt Technologies, Inc.COM14,236$68.8K<0.1%+14,236NewHistory
PMXPIMCO Municipal Income Fund IIICOM10,494$72.3K<0.1%+10,494NewHistory
Advisorshares Tr00768Y453PURE US CANN ETF31,675$76.3K<0.1%00.0%Unchanged–
KRMDKORU Medical Systems, Inc.COM25,000$89.5K<0.1%+25,000NewHistory
LEGLeggett & Platt IncStock10,170$92.4K<0.1%+10,170NewHistory
CLFCleveland-Cliffs Inc.COM12,234$93.0K<0.1%+12,234NewHistory
CLVTClarivate PLCORD SHS24,226$104.2K<0.1%+24,226NewHistory
RZLVRezolve AI PLCORD SHS33,853$104.3K<0.1%00.0%UnchangedHistory
NOKNokia CorpSPONSORED ADR20,297$105.1K<0.1%+20,297NewHistory
HPPHudson Pacific Properties, Inc.COM39,188$107.4K<0.1%+39,188NewHistory
LBTYALiberty Global Ltd.COM CL A11,123$111.3K<0.1%+11,123NewHistory
TMCTMC the metals Co Inc.COM17,000$112.2K<0.1%00.0%UnchangedHistory
COTYCoty Inc.COM CL A24,300$113.0K<0.1%+24,300NewHistory
LYGLloyds Banking Group plcSPONSORED ADR26,827$114.0K<0.1%+26,827NewHistory
MHDBlackRock Muniholdings Fund, Inc.COM10,695$120.4K<0.1%+493+4.8%AddedHistory
VSTSVestis CorpCOM SHS21,230$121.6K<0.1%+21,230NewHistory
VMOInvesco Municipal Opportunity TrustCOM13,270$121.8K<0.1%+553+4.3%AddedHistory
NZFNuveen Municipal Credit Income FundCOM SH BEN INT10,395$124.8K<0.1%+10,395NewHistory
NADNuveen Quality Municipal Income FundCOM10,976$124.8K<0.1%+439+4.2%AddedHistory
VKQInvesco Municipal TrustCOM13,756$125.9K<0.1%+1,039+8.2%AddedHistory
VGMInvesco Trust for Investment Grade MunicipalsCOM13,380$127.0K<0.1%+1,003+8.1%AddedHistory
RPCRidgepost Capital, Inc.CL A COM12,425$127.0K<0.1%−1,075−8.0%ReducedHistory
MFGMizuho Financial Group IncSPONSORED ADR23,090$128.4K<0.1%−262−1.1%ReducedHistory
NEANuveen AMT-Free Quality Municipal Income FundCOM11,779$129.5K<0.1%+11,779NewHistory
MPTMedical Properties Trust IncCOM30,058$132.2K<0.1%−13,955−31.7%ReducedHistory
ROIVRoivant Sciences Ltd.SHS12,062$135.9K<0.1%+12,062NewHistory
CNHCNH Industrial N.V.SHS10,902$141.3K<0.1%+10,902NewHistory
BlackRock New York Municipal Income Trust09248L106SH BEN INT15,065$146.5K<0.1%+371+2.5%Added–
JPCNuveen Preferred & Income Opportunities FundCOM18,299$148.0K<0.1%+458+2.6%AddedHistory
PKPark Hotels & Resorts Inc.COM14,013$155.1K<0.1%+14,013NewHistory
HLNHaleon plcADR15,872$164.6K<0.1%+15,872NewHistory
GRSDGRANDSTAND LtdORDINARY SHARES14,032$166.8K<0.1%00.0%UnchangedHistory
FOCLEdap TMS SASPONSORED ADR102,339$168.9K<0.1%+102,339NewHistory
FFCFlaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INCCOM10,711$174.5K<0.1%+10,711NewHistory
SGSweetgreen, Inc.COM CL A11,942$177.7K<0.1%+137+1.2%AddedHistory
OGNOrganon & Co.Stock18,618$180.2K<0.1%+6,193+49.8%AddedHistory
SMFGSumitomo Mitsui Financial Group, Inc.SPONSORED ADR11,854$182.0K<0.1%+200+1.7%AddedHistory
VFCV F CorpStock16,064$188.7K<0.1%+16,064NewHistory
NUNu Holdings Ltd.ORD SHS CL A13,844$189.9K<0.1%−695−4.8%ReducedHistory
MQYBlackRock Muniyield Quality Fund, Inc.COM18,215$195.7K<0.1%+18,215NewHistory
Paramount Global92556H206CL B15,497$200.7K<0.1%+15,497New–
TPLTexas Pacific Land CorpStock190$200.7K<0.1%+190NewHistory
PKGPackaging Corp of AmericaStock1,056$201.4K<0.1%+1,056NewHistory
PSNParsons CorpCOM2,839$203.8K<0.1%+2,839NewHistory
FRGEForge Global Holdings, Inc.Stock10,705$203.8K<0.1%+194+1.8%AddedConverted for a 1-for-15 splitHistory
SNVSynovus Financial CorpCOM NEW3,975$203.9K<0.1%+3,975NewHistory
MRVIMaravai Lifesciences Holdings, Inc.COM CL A84,638$204.0K<0.1%+84,638NewHistory
AITApplied Industrial Technologies IncCOM878$204.1K<0.1%+878NewHistory
GRNBarclays Bank PLCETN 497,500$204.8K<0.1%00.0%UnchangedHistory
ASTSAST SpaceMobile, Inc.COM CL A4,400$205.6K<0.1%+4,400NewHistory
RVTYRevvity, Inc.COM2,127$205.7K<0.1%+2,127NewHistory
CHRWC. H. Robinson Worldwide, Inc.COM NEW2,122$206.3K<0.1%+2,122NewHistory
CHWYChewy, Inc.CL A4,851$206.8K<0.1%+4,851NewHistory
RDDTReddit, Inc.Stock1,376$207.2K<0.1%+1,376NewHistory
Neuberger Berman ETF Trust64135A705OPT STRATEGY ETF7,962$207.3K<0.1%00.0%Unchanged–
Vanguard Energy ETF92204A306ETF1,741$207.4K<0.1%00.0%Unchanged–
Neos ETF Trust78433H675NASDAQ 100 HIGH4,000$208.0K<0.1%+4,000New–
iShares Core S&P US Value ETF464287663ETF2,207$208.8K<0.1%+2,207New–
AIZAssurant, Inc.Stock1,060$209.3K<0.1%+1,060NewHistory
AGNCAGNC Investment Corp.REIT22,510$209.5K<0.1%−4,100−15.4%ReducedHistory
WATWaters CorpCOM601$209.8K<0.1%+601NewHistory
RKTRocket Companies, Inc.Stock14,817$210.1K<0.1%−2,596−14.9%ReducedHistory
HQYHealthequity, Inc.COM2,009$210.5K<0.1%−1,627−44.7%ReducedHistory
Global X FDS37954Y657US PFD ETF11,250$211.8K<0.1%+1,250+12.5%Added–
CRWVCoreWeave, Inc.Stock1,300$212.0K<0.1%+1,300NewHistory
HCMHUTCHMED (China) LtdSPONSORED ADS14,094$212.1K<0.1%00.0%UnchangedHistory
RLIRli CorpCOM2,959$213.7K<0.1%+2,959NewHistory
Global X FDS37954Y475S&P 500 COVERED5,500$214.2K<0.1%00.0%Unchanged–
PRIPrimerica, Inc.Stock784$214.6K<0.1%−1,056−57.4%ReducedHistory
TOSTToast, Inc.Stock4,845$214.6K<0.1%+4,845NewHistory
Tidal ETF Tr886364835GOTHAM ENHNCD6,366$216.0K<0.1%+6,366New–
NBIXNeurocrine Biosciences IncStock1,719$216.1K<0.1%+1,719NewHistory
RFRegions Financial CorpCOM8,923$216.1K<0.1%+8,923NewHistory
LOARLoar Holdings Inc.COM SHS2,552$219.9K<0.1%+2,552NewHistory
BA.PABoeing CoDEP CONV PFD A3,250$221.0K<0.1%+3,250NewHistory
RELXRELX PLCSPONSORED ADR4,090$222.3K<0.1%+4,090NewHistory
CYTKCytokinetics IncCOM NEW6,755$223.2K<0.1%+6,755NewHistory
BRBroadridge Financial Solutions, Inc.Stock910$223.5K<0.1%−129−12.4%ReducedHistory
MDUMdu Resources Group IncStock13,590$224.3K<0.1%+13,590NewHistory
MKTXMarketaxess Holdings IncCOM1,006$224.7K<0.1%+1,006NewHistory
PFGPrincipal Financial Group IncCOM2,847$226.1K<0.1%+2,847NewHistory
RGAReinsurance Group of America IncCOM NEW1,145$227.2K<0.1%+1,145NewHistory
TEAMAtlassian CorpCL A1,119$227.3K<0.1%+1,119NewHistory
SNYSanofiSPONSORED ADR4,734$228.7K<0.1%+124+2.7%AddedHistory
ESNTEssent Group Ltd.COM3,768$228.8K<0.1%+222+6.3%AddedHistory
UIUbiquiti Inc.COM558$229.7K<0.1%+558NewHistory
UAAUnder Armour, Inc.Stock33,660$229.9K<0.1%+33,660NewHistory
BUDAnheuser-Busch InBev SA/NVADR3,355$230.5K<0.1%+3,355NewHistory

Sold out since Q1 2025 (35)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of Summit Trail Advisors, LLC sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
Direxion Shs ETF Tr25461A858DAILY AMZN BL1.5165,110$4.95M0.2%–
ProShares Tr74349Y753SHOR S&P 500 NEW44,700$1.99M0.1%–
KBDCKayne Anderson BDC, Inc.COM SHS106,310$1.77M0.1%History
ZBHZimmer Biomet Holdings, Inc.Stock6,345$719.7K<0.1%History
AXTAAxalta Coating Systems Ltd.COM18,907$627.1K<0.1%History
SSNCSS&C Technologies Holdings IncCOM6,938$579.5K<0.1%History
PENPenumbra IncCOM1,836$491.0K<0.1%History
Direxion Shs ETF Tr25459W458DLY SCOND 3XBU30,250$482.7K<0.1%–
CCICrown Castle Inc.REIT3,641$379.5K<0.1%History
HHHHoward Hughes Holdings Inc.COM4,715$349.3K<0.1%History
BERYBerry Global Group, Inc.COM4,944$345.1K<0.1%History
BRXBrixmor Property Group Inc.COM12,198$323.9K<0.1%History
DKLDelek Logistics Partners, LPCOM UNT RP INT7,400$320.1K<0.1%History
DJTTrump Media & Technology Group Corp.Stock15,491$302.7K<0.1%History
WisdomTree Tr97717W281EMG MKTS SMCAP6,205$299.8K<0.1%–
BIPBrookfield Infrastructure Partners L.P.LP INT UNIT10,059$299.7K<0.1%History
FNFFidelity National Financial, Inc.COM SHS3,859$251.1K<0.1%History
HPEHewlett Packard Enterprise CoCOM15,068$235.1K<0.1%History
ISDPGIM High Yield Bond Fund, Inc.COM16,000$228.0K<0.1%History
OBDCBlue Owl Capital CorpCOM14,425$216.8K<0.1%History
POOLPool CorpCOM678$215.8K<0.1%History
MYDBlackRock Muniyield Fund, Inc.COM16,849$192.1K<0.1%History
AESAES CorpStock13,402$166.5K<0.1%History
ICADIcad IncCOM NEW75,000$154.5K<0.1%History
TDOCTeladoc Health, Inc.COM17,978$143.1K<0.1%History
DNBDun & Bradstreet Holdings, Inc.COM15,287$136.7K<0.1%History
GPGIGPGI, Inc.COM CL A11,864$129.0K<0.1%History
UWMCUWM Holdings CorpCOM CL A22,567$126.4K<0.1%History
AMPLAmplitude, Inc.Stock12,182$124.1K<0.1%History
VGVenture Global, Inc.COM CL A11,100$114.3K<0.1%History
NMRNomura Holdings IncSPONSORED ADR14,322$88.1K<0.1%History
QSQuantumScape CorpCOM CL A18,168$75.6K<0.1%History
RCATRed Cat Holdings, Inc.Stock10,000$58.8K<0.1%History
XRXXerox Holdings CorpCOM NEW11,496$57.0K<0.1%History
Theratechnologies Inc88338H704COM NEW33,090$46.3K<0.1%–