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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
iShares Core S&P U.S. Growth ETF464287671ETF1,533$230.6K<0.1%+1,533New–
State Street Energy Select Sector SPDR ETF81369Y506ETF2,719$230.6K<0.1%−122−4.3%Reduced–
RGLDRoyal Gold IncStock1,297$230.6K<0.1%+1,297NewHistory
SANBanco Santander, S.A.ADR27,787$230.6K<0.1%+1,057+4.0%AddedHistory
CPRICapri Holdings LtdSHS13,041$230.8K<0.1%+13,041NewHistory
CECelanese CorpStock4,176$231.1K<0.1%+4,176NewHistory
WTRGEssential Utilities, Inc.COM6,222$231.1K<0.1%+6,222NewHistory
ETREntergy CorpCOM2,797$232.5K<0.1%−5,484−66.2%ReducedHistory
EPAMEPAM Systems, Inc.COM1,320$233.4K<0.1%+1,320NewHistory
UBSUBS Group AGStock6,908$233.6K<0.1%−512−6.9%ReducedHistory
FOURShift4 Payments, Inc.CL A2,358$233.7K<0.1%+2,358NewHistory
HUBSHubSpot IncCOM420$233.8K<0.1%+420NewHistory
CSWCCapital Southwest CorpCOM10,630$234.3K<0.1%+10,630NewHistory
MTDMettler Toledo International IncCOM200$234.9K<0.1%+200NewHistory
EXEExpand Energy CorpCOM2,010$235.0K<0.1%+2,010NewHistory
XPROExpro LtdCOM27,415$235.5K<0.1%−261−0.9%ReducedHistory
EFXEquifax IncCOM908$235.5K<0.1%+908NewHistory
TMToyota Motor CorpADS1,372$236.3K<0.1%+1,372NewHistory
DOCHealthpeak Properties, Inc.COM13,514$236.6K<0.1%+13,514NewHistory
PVHPVH Corp.COM3,456$237.0K<0.1%+3,456NewHistory
EQHEquitable Holdings, Inc.COM4,249$238.4K<0.1%+4,249NewHistory
OMCOmnicom Group Inc.COM3,248$240.7K<0.1%+3,248NewHistory
IBNIcici Bank LtdADR7,170$241.2K<0.1%−160−2.2%ReducedHistory
HSTHost Hotels & Resorts, Inc.COM15,251$241.7K<0.1%+15,251NewHistory
iShares Tr464288687PFD AND INCM SEC7,900$242.4K<0.1%+7,900New–
ESLTElbit Systems LtdStock541$242.9K<0.1%−2−0.4%ReducedHistory
NYTNew York Times CoCL A4,401$246.4K<0.1%+4,401NewHistory
SAROStandardAero, Inc.COM7,799$246.8K<0.1%+7,799NewHistory
ARCCAres Capital CorpCEF11,253$247.1K<0.1%+448+4.1%AddedHistory
MKSIMKS IncCOM2,496$248.0K<0.1%+2,496NewHistory
ELFe.l.f. Beauty, Inc.COM2,004$249.4K<0.1%+2,004NewHistory
MYIBlackRock Muniyield Quality Fund III, Inc.COM23,664$249.5K<0.1%+23,664NewHistory
HIIHuntington Ingalls Industries, Inc.COM1,039$250.9K<0.1%+1,039NewHistory
MSGSMadison Square Garden Sports Corp.CL A1,201$250.9K<0.1%+1,201NewHistory
NUENucor CorpCOM1,939$252.2K<0.1%+1,939NewHistory
CINFCincinnati Financial CorpCOM1,699$255.5K<0.1%+1,699NewHistory
RACEFerrari N.V.COM522$255.8K<0.1%+18+3.6%AddedHistory
CNXCNX Resources CorpCOM7,624$256.8K<0.1%−523−6.4%ReducedHistory
SWSmurfit Westrock plcStock5,974$257.8K<0.1%+5,974NewHistory
FITBFifth Third BancorpCOM6,139$259.3K<0.1%+6,139NewHistory
State Street Materials Select Sector SPDR ETF81369Y100ETF2,966$260.4K<0.1%−82−2.7%Reduced–
DIASPDR Dow Jones Industrial Average ETF TrustUT SER 1590$260.8K<0.1%00.0%UnchangedHistory
AEEAmeren CorpCOM2,719$261.1K<0.1%+2,719NewHistory
SSDSimpson Manufacturing Co., Inc.COM1,691$262.6K<0.1%+1,691NewHistory
RPRXRoyalty Pharma plcSHS CLASS A7,304$263.2K<0.1%+7,304NewHistory
RRXRegal Rexnord CorpCOM1,824$265.4K<0.1%+1,824NewHistory
UHALU-Haul Holding CoCOM4,458$270.0K<0.1%+4,458NewHistory
LADLithia Motors IncCOM801$270.6K<0.1%+801NewHistory
ASBAssociated Banc-CorpCOM11,096$270.6K<0.1%+11,096NewHistory
HSYHershey CoCOM1,642$272.5K<0.1%+1,642NewHistory
BBVABanco Bilbao Vizcaya Argentaria, S.A.SPONSORED ADR17,731$272.5K<0.1%−1,439−7.5%ReducedHistory
MPMP Materials Corp.COM CL A8,217$273.4K<0.1%+8,217NewHistory
NSANational Storage Affiliates TrustCOM SHS BEN IN8,572$274.2K<0.1%+8,572NewHistory
STESTERIS plcSHS USD1,146$275.2K<0.1%−287−20.0%ReducedHistory
WPCW. P. Carey Inc.COM4,308$275.2K<0.1%−953−18.1%ReducedHistory
MTCHMatch Group, Inc.COM8,917$275.4K<0.1%+8,917NewHistory
SRESempraStock3,563$276.2K<0.1%+3,563NewHistory
NLYAnnaly Capital Management IncREIT14,171$276.5K<0.1%+14,171NewHistory
iShares Tr464289859CORE 80 20 ETF3,315$276.5K<0.1%+3,315New–
AMAntero Midstream CorpStock14,610$276.9K<0.1%+14,610NewHistory
RIVNRivian Automotive, Inc.Stock20,150$276.9K<0.1%+5,690+39.3%AddedHistory
FRTFederal Realty Investment TrustSH BEN INT NEW2,922$277.6K<0.1%+2,922NewHistory
ADCAgree Realty CorpCOM3,789$278.1K<0.1%+3,789NewHistory
ONDSOndas Inc.COM NEW145,000$278.4K<0.1%−30,000−17.1%ReducedHistory
WYNNWynn Resorts LtdCOM2,979$279.0K<0.1%+2,979NewHistory
BTCGrayscale Bitcoin Mini Trust ETFETF5,857$279.7K<0.1%+5,857NewHistory
SOLVSolventum CorpStock3,699$280.5K<0.1%+3,699NewHistory
NVTnVent Electric plcSHS3,849$281.9K<0.1%+3,849NewHistory
WRBBerkley W R CorpCOM3,842$282.3K<0.1%+3,842NewHistory
WCNWaste Connections, Inc.COM1,512$282.3K<0.1%−200−11.7%ReducedHistory
DKDelek US Holdings, Inc.COM13,369$283.2K<0.1%−9,488−41.5%ReducedHistory
REGRegency Centers CorpCOM3,911$284.0K<0.1%+3,911NewHistory
DEIDouglas Emmett IncCOM19,055$284.3K<0.1%+19,055NewHistory
AFGAmerican Financial Group IncCOM2,253$284.4K<0.1%+2,253NewHistory
BIRKBirkenstock Holding plcCOM SHS5,787$284.6K<0.1%+5,787NewHistory
DHIHorton D R IncCOM2,213$285.3K<0.1%+305+16.0%AddedHistory
ESABESAB CorpCOM2,377$286.5K<0.1%+2,377NewHistory
iShares Russell 2000 Growth ETF464287648ETF1,003$286.7K<0.1%+1,003New–
ORIOld Republic International CorpCOM7,503$288.4K<0.1%+7,503NewHistory
PIIPolaris Inc.Stock7,100$288.6K<0.1%+7,100NewHistory
CCChemours CoStock25,258$289.2K<0.1%+25,258NewHistory
LKQLKQ CorpCOM7,836$290.0K<0.1%+7,836NewHistory
ARWArrow Electronics, Inc.COM2,276$290.0K<0.1%+2,276NewHistory
NCLHNorwegian Cruise Line Holdings Ltd.SHS14,302$290.0K<0.1%−12,314−46.3%ReducedHistory
JEFJefferies Financial Group Inc.COM5,318$290.8K<0.1%+5,318NewHistory
BOHBank of Hawaii CorpCOM4,313$291.3K<0.1%+4,313NewHistory
Invesco Nasdaq 100 ETF46138G649ETF1,283$291.4K<0.1%−500−28.0%Reduced–
EQNREquinor ASASPONSORED ADR11,676$293.5K<0.1%+11,676NewHistory
TET1 Energy Inc.COM NEW238,717$293.6K<0.1%+140,000+141.8%AddedHistory
BKRBaker Hughes CoCL A7,660$293.7K<0.1%−3,340−30.4%ReducedHistory
Capital Group GBL Growth EQT14020X104SHS CREAT UNIT9,190$293.8K<0.1%+9,190New–
BRBRBellring Brands, Inc.Stock5,074$293.9K<0.1%+5,074NewHistory
WSTWest Pharmaceutical Services IncCOM1,345$294.3K<0.1%+1,345NewHistory
SLGSL Green Realty CorpCOM4,764$294.3K<0.1%+4,764NewHistory
CAMTCamtek LtdORD3,500$296.0K<0.1%+3,500NewHistory
OXYOccidental Petroleum CorpStock6,965$296.4K<0.1%+6,965NewHistory
APPFAppfolio IncCOM CL A1,289$296.8K<0.1%+1,289NewHistory
VTRSViatris IncStock33,350$297.8K<0.1%+14,537+77.3%AddedHistory
CPAYCorpay, Inc.COM SHS902$299.3K<0.1%+902NewHistory
Schwab US Tips ETF808524870ETF11,278$300.9K<0.1%+11,278New–

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%–