Summit Trail Advisors, LLC
- SEC CIK
- 0001698478
- Latest filing
- Aug 11, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 1,303
- −25 vs. Q3 2025
- Portfolio value
- $5.78B
- −$1.45B (−20.0%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF922908363 | ETF | 972,830 | $610.1M | 10.5% | −204,897−17.4% | Reduced | – |
| WisdomTree Tr97717Y527 | FLOATNG RAT TREA | 8,595,674 | $432.5M | 7.5% | −13,040,071−60.3% | Reduced | – |
| AVGOBroadcom Inc. | Stock | 727,267 | $251.7M | 4.4% | −13,311−1.8% | Reduced | History |
| AAPLApple Inc. | Stock | 582,620 | $158.4M | 2.7% | +15,850+2.8% | Added | History |
| Invesco Exchange Traded FD T46137V357 | S&P500 EQL WGT | 669,322 | $128.2M | 2.2% | −218,917−24.6% | Reduced | – |
| Vanguard Ftse Developed Markets ETF921943858 | ETF | 2,031,147 | $126.9M | 2.2% | −596,719−22.7% | Reduced | – |
| MSFTMicrosoft Corp | Stock | 246,887 | $119.4M | 2.1% | −18,384−6.9% | Reduced | History |
| NVDANVIDIA Corp | Stock | 587,377 | $109.5M | 1.9% | −61,839−9.5% | Reduced | History |
| APHAmphenol Corp | CL A | 658,137 | $89.1M | 1.5% | −70,560−9.7% | Reduced | History |
| GOOGAlphabet Inc. | Stock | 267,185 | $83.8M | 1.4% | −13,228−4.7% | Reduced | History |
| Vanguard Ftse Emerging Markets ETF922042858 | ETF | 1,557,128 | $83.7M | 1.4% | −69,019−4.2% | Reduced | – |
| iShares Tr464288125 | 3YRTB ETF | 1,068,524 | $80.4M | 1.4% | −1,283,542−54.6% | Reduced | – |
| GOOGLAlphabet Inc. | Stock | 252,336 | $79.0M | 1.4% | −12,578−4.7% | Reduced | History |
| AMZNAmazon Com Inc | Stock | 282,604 | $65.2M | 1.1% | −29,792−9.5% | Reduced | History |
| METAMeta Platforms, Inc. | Stock | 84,089 | $55.5M | 1.0% | +25,005+42.3% | Added | History |
| Vanguard Scottsdale FDS92206C706 | INTER TERM TREAS | 843,892 | $50.6M | 0.9% | −262,356−23.7% | Reduced | – |
| iShares Russell 2000 ETF464287655 | ETF | 204,295 | $50.3M | 0.9% | +56,477+38.2% | Added | – |
| PLTRPalantir Technologies Inc. | Stock | 281,930 | $50.1M | 0.9% | −8,491−2.9% | Reduced | History |
| SPYSPDR S&P 500 ETF Trust | ETF | 68,609 | $46.9M | 0.8% | −25,142−26.8% | Reduced | History |
| Invesco Exchange Traded FD T46137V100 | AEROSPACE DEFN | 290,567 | $45.5M | 0.8% | −8,825−2.9% | Reduced | – |
| Invesco Exch Traded FD Tr II46138E628 | KBW BK ETF | 538,212 | $45.4M | 0.8% | −100,743−15.8% | Reduced | – |
| iShares Core U.S. Aggregate Bond ETF464287226 | ETF | 441,621 | $44.1M | 0.8% | +7,528+1.7% | Added | – |
| BRK.BBerkshire Hathaway Inc | Stock | 73,033 | $36.7M | 0.6% | −2,386−3.2% | Reduced | History |
| JPMJPMorgan Chase & Co | Stock | 112,070 | $36.1M | 0.6% | −7,970−6.6% | Reduced | History |
| TSLATesla, Inc. | Stock | 71,495 | $32.2M | 0.6% | −7,007−8.9% | Reduced | History |
| iShares MSCI Eafe ETF464287465 | ETF | 317,326 | $30.5M | 0.5% | −74,793−19.1% | Reduced | – |
| AONAon plc | CL A | 86,028 | $30.4M | 0.5% | −26,273−23.4% | Reduced | History |
| ERIEErie Indemnity Co | CL A | 103,690 | $29.7M | 0.5% | +74,085+250.2% | Added | History |
| APOApollo Global Management, Inc. | COM | 168,381 | $24.4M | 0.4% | −5,741−3.3% | Reduced | History |
| CATCaterpillar Inc | Stock | 41,407 | $23.7M | 0.4% | −764−1.8% | Reduced | History |
| IAUiShares Gold Trust | ETF | 288,631 | $23.4M | 0.4% | −96,684−25.1% | Reduced | History |
| OKTAOkta, Inc. | CL A | 261,264 | $22.6M | 0.4% | +35,527+15.7% | Added | History |
| LLYEli Lilly & Co | Stock | 20,560 | $22.1M | 0.4% | −906−4.2% | Reduced | History |
| Vanguard Morningstar Small-Cap ETF922908751 | ETF | 85,594 | $22.1M | 0.4% | −7,107−7.7% | Reduced | – |
| Vanguard Total World Stock ETF922042742 | ETF | 149,078 | $21.0M | 0.4% | +33,175+28.6% | Added | – |
| Kraneshares Tr500767553 | CALIFORNIA CARB | 1,238,566 | $20.8M | 0.4% | −369,305−23.0% | Reduced | – |
| Vanguard Morningstar Total Stock Market ETF922908769 | ETF | 61,638 | $20.7M | 0.4% | −90,164−59.4% | Reduced | – |
| Invesco S&P 500 Equal Weight Technology ETF46137V282 | ETF | 438,733 | $20.0M | 0.3% | −266,640−37.8% | Reduced | – |
| iShares Core MSCI Eafe ETF46432F842 | ETF | 222,236 | $19.9M | 0.3% | −9,771−4.2% | Reduced | – |
| HIMSHims & Hers Health, Inc. | Stock | 590,445 | $19.2M | 0.3% | −1510.0% | Reduced | History |
| SCHWSchwab Charles Corp | Stock | 181,518 | $18.1M | 0.3% | −6,905−3.7% | Reduced | History |
| Profesionally Managed Portfo74316P579 | AKRE FOCUS ETF | 276,478 | $18.1M | 0.3% | +276,478 | New | – |
| iShares Tr464288877 | EAFE VALUE ETF | 238,137 | $17.0M | 0.3% | 00.0% | Unchanged | – |
| JNJJohnson & Johnson | Stock | 82,169 | $17.0M | 0.3% | −7,199−8.1% | Reduced | History |
| State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847 | ETF | 291,177 | $16.9M | 0.3% | −8,400−2.8% | Reduced | – |
| iShares Russell 1000 Growth ETF464287614 | ETF | 31,862 | $15.1M | 0.3% | −119,196−78.9% | Reduced | – |
| GSGoldman Sachs Group Inc | Stock | 17,133 | $15.1M | 0.3% | −3,323−16.2% | Reduced | History |
| CRWDCrowdStrike Holdings, Inc. | Stock | 32,094 | $15.0M | 0.3% | −4,328−11.9% | Reduced | History |
| Vanguard Scottsdale FDS92206C102 | SHORT TERM TREAS | 252,724 | $14.8M | 0.3% | −2,123,621−89.4% | Reduced | – |
| Schwab U.S. Broad Market ETF808524102 | ETF | 561,342 | $14.7M | 0.3% | +350,756+166.6% | Added | – |
| State Street Industrial Select Sector SPDR ETF81369Y704 | ETF | 94,387 | $14.6M | 0.3% | −17,127−15.4% | Reduced | – |
| XOMExxonMobil Holdings Corp | COM | 121,267 | $14.6M | 0.3% | −2,329−1.9% | Reduced | History |
| WMTWalmart Inc. | Stock | 126,509 | $14.1M | 0.2% | −5,458−4.1% | Reduced | History |
| MAMastercard Inc | Stock | 24,406 | $13.9M | 0.2% | −3,067−11.2% | Reduced | History |
| iShares Core S&P 500 ETF464287200 | ETF | 19,994 | $13.7M | 0.2% | −4,651−18.9% | Reduced | – |
| DDOGDatadog, Inc. | CL A COM | 99,903 | $13.6M | 0.2% | −29,070−22.5% | Reduced | History |
| VVisa Inc. | Stock | 38,724 | $13.6M | 0.2% | −7,869−16.9% | Reduced | History |
| COSTCostco Wholesale Corp | Stock | 15,745 | $13.6M | 0.2% | −1,712−9.8% | Reduced | History |
| CRMSalesforce, Inc. | Stock | 50,992 | $13.5M | 0.2% | +1,945+4.0% | Added | History |
| DLOdLocal Ltd | CLASS A COM | 940,820 | $13.3M | 0.2% | 00.0% | Unchanged | History |
| GLDSPDR Gold Trust | ETF | 32,988 | $13.1M | 0.2% | −1,543−4.5% | Reduced | History |
| UBERUber Technologies, Inc | Stock | 149,786 | $12.2M | 0.2% | −12,387−7.6% | Reduced | History |
| RTXRTX Corp | Stock | 64,172 | $11.8M | 0.2% | −2,080−3.1% | Reduced | History |
| J P Morgan Exchange Traded F46641Q217 | BETABULDRS JAPAN | 177,475 | $11.7M | 0.2% | −17,777−9.1% | Reduced | – |
| Invesco QQQ Trust Series I46090E103 | ETF | 18,980 | $11.7M | 0.2% | −2,410−11.3% | Reduced | – |
| BACBank of America Corp | Stock | 210,637 | $11.6M | 0.2% | −33,637−13.8% | Reduced | History |
| iShares Core S&P Small Cap ETF464287804 | ETF | 94,643 | $11.4M | 0.2% | −137−0.1% | Reduced | – |
| DASHDoorDash, Inc. | Stock | 49,489 | $11.2M | 0.2% | −3,136−6.0% | Reduced | History |
| PMPhilip Morris International Inc. | Stock | 68,880 | $11.1M | 0.2% | −6,516−8.6% | Reduced | History |
| MUMicron Technology Inc | Stock | 39,005 | $11.1M | 0.2% | −3,654−8.6% | Reduced | History |
| ABBVAbbVie Inc. | Stock | 48,458 | $11.1M | 0.2% | −435−0.9% | Reduced | History |
| CVXChevron Corp | Stock | 71,149 | $10.8M | 0.2% | −2,586−3.5% | Reduced | History |
| HDHome Depot, Inc. | Stock | 30,364 | $10.4M | 0.2% | −6,532−17.7% | Reduced | History |
| COINCoinbase Global, Inc. | COM CL A | 45,670 | $10.3M | 0.2% | −4,955−9.8% | Reduced | History |
| Vanguard Total Bond Market ETF921937835 | ETF | 137,974 | $10.2M | 0.2% | 00.0% | Unchanged | – |
| ANETArista Networks, Inc. | Stock | 77,034 | $10.1M | 0.2% | −13,440−14.9% | Reduced | History |
| WFCWells Fargo & Company | Stock | 106,565 | $9.93M | 0.2% | −5,549−4.9% | Reduced | History |
| Vanguard Morningstar Value ETF922908744 | ETF | 51,684 | $9.87M | 0.2% | −2,884−5.3% | Reduced | – |
| CSCOCisco Systems, Inc. | Stock | 126,206 | $9.72M | 0.2% | −10,221−7.5% | Reduced | History |
| LMTLockheed Martin Corp | Stock | 19,967 | $9.66M | 0.2% | +237+1.2% | Added | History |
| iShares Tr46429B747 | 0-5 YR TIPS ETF | 92,070 | $9.43M | 0.2% | −6,543−6.6% | Reduced | – |
| iShares Core S&P Mid-Cap ETF464287507 | ETF | 139,341 | $9.20M | 0.2% | −206,717−59.7% | Reduced | – |
| NFLXNetflix Inc | Stock | 97,716 | $9.16M | 0.2% | −25,164−20.5% | ReducedConverted for a 10-for-1 split | History |
| GEGeneral Electric Co | Stock | 29,563 | $9.12M | 0.2% | −1,415−4.6% | Reduced | History |
| BKNGBooking Holdings Inc. | Stock | 1,615 | $8.65M | 0.1% | −483−23.0% | Reduced | History |
| iShares Tr464287150 | CORE S&P TTL STK | 58,119 | $8.64M | 0.1% | −2,617−4.3% | Reduced | – |
| Vanguard Scottsdale FDS92206C680 | VNG RUS1000GRW | 69,581 | $8.47M | 0.1% | +2,880+4.3% | Added | – |
| AMDAdvanced Micro Devices Inc | Stock | 39,306 | $8.42M | 0.1% | −4,270−9.8% | Reduced | History |
| CCitigroup Inc | Stock | 70,573 | $8.24M | 0.1% | −6,840−8.8% | Reduced | History |
| PGProcter & Gamble Co | Stock | 56,074 | $8.04M | 0.1% | +1,023+1.9% | Added | History |
| iShares Core MSCI Emerging Markets ETF46434G103 | ETF | 117,280 | $7.88M | 0.1% | −3,241−2.7% | Reduced | – |
| SOFISoFi Technologies, Inc. | Stock | 300,418 | $7.86M | 0.1% | +9,550+3.3% | Added | History |
| AXPAmerican Express Co | Stock | 21,063 | $7.79M | 0.1% | −2,982−12.4% | Reduced | History |
| ORCLOracle Corp | Stock | 39,871 | $7.77M | 0.1% | −5,353−11.8% | Reduced | History |
| SPGSimon Property Group Inc. | REIT | 41,974 | $7.77M | 0.1% | −1,294−3.0% | Reduced | History |
| MRKMerck & Co., Inc. | Stock | 72,122 | $7.65M | 0.1% | −10,000−12.2% | Reduced | History |
| WDCWestern Digital Corp | COM | 43,701 | $7.53M | 0.1% | −8,518−16.3% | Reduced | History |
| UNHUnitedHealth Group Inc | Stock | 22,399 | $7.39M | 0.1% | −5,733−20.4% | Reduced | History |
| LRCXLam Research Corp | Stock | 42,532 | $7.29M | 0.1% | −5,989−12.3% | Reduced | History |
| ABTAbbott Laboratories | Stock | 58,179 | $7.29M | 0.1% | −3,031−5.0% | Reduced | History |
Sold out since Q3 2025 (76)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| JDJD.com, Inc. | SPON ADS CL A | 143,704 | $5.03M | 0.1% | History |
| WisdomTree Tr97717X669 | US QTLY DIV GRT | 51,540 | $4.59M | 0.1% | – |
| Kraneshares Trust500767306 | CSI CHI INTERNET | 84,824 | $3.56M | <0.1% | – |
| SPRSpirit AeroSystems Holdings, Inc. | COM CL A | 68,817 | $2.66M | <0.1% | History |
| FROGJFrog Ltd | Stock | 53,920 | $2.55M | <0.1% | History |
| KKellanova | Stock | 30,840 | $2.53M | <0.1% | History |
| First Tr Exchange-Traded FD33734X846 | NASDAQ CYB ETF | 30,290 | $2.30M | <0.1% | – |
| GBTCGrayscale Bitcoin Trust ETF | ETF | 23,545 | $2.11M | <0.1% | History |
| CGBDCarlyle Secured Lending, Inc. | COM | 146,027 | $1.88M | <0.1% | History |
| SPDR Index Shs FDS78463X400 | SP CHINA ETF | 16,954 | $1.78M | <0.1% | – |
| YEXTYext, Inc. | COM | 191,500 | $1.63M | <0.1% | History |
| TENBTenable Holdings, Inc. | COM | 51,203 | $1.49M | <0.1% | History |
| IPGInterpublic Group of Companies, Inc. | COM | 53,485 | $1.49M | <0.1% | History |
| PINCPremier, Inc. | CL A | 45,715 | $1.27M | <0.1% | History |
| KRYSKrystal Biotech, Inc. | COM | 6,464 | $1.14M | <0.1% | History |
| ULUnilever PLC | SPON ADR NEW | 17,547 | $1.04M | <0.1% | History |
| STWDStarwood Property Trust, Inc. | COM | 50,524 | $1.00M | <0.1% | History |
| SLViShares Silver Trust | ETF | 21,150 | $896.1K | <0.1% | History |
| ETHAiShares Ethereum Trust ETF | SHS | 24,894 | $784.4K | <0.1% | History |
| Vanguard Intl Equity Index F922042874 | FTSE EUROPE ETF | 9,044 | $721.7K | <0.1% | – |
| INFAInformatica Inc. | COM CL A | 25,598 | $635.9K | <0.1% | History |
| SESea Ltd | SPONSORD ADS | 2,762 | $493.7K | <0.1% | History |
| iShares Tr464288885 | EAFE GRWTH ETF | 4,201 | $478.4K | <0.1% | – |
| DKDelek US Holdings, Inc. | COM | 13,393 | $432.2K | <0.1% | History |
| BIPCBrookfield Infrastructure Corp | COM SUB VTG A | 9,774 | $401.9K | <0.1% | History |
| BBVABanco Bilbao Vizcaya Argentaria, S.A. | SPONSORED ADR | 19,289 | $371.3K | <0.1% | History |
| OPENOpendoor Technologies Inc. | COM | 44,647 | $355.8K | <0.1% | History |
| RACEFerrari N.V. | COM | 687 | $333.1K | <0.1% | History |
| BEBloom Energy Corp | COM CL A | 3,853 | $325.8K | <0.1% | History |
| TMToyota Motor Corp | ADS | 1,664 | $318.0K | <0.1% | History |
| Invesco Nasdaq 100 ETF46138G649 | ETF | 1,284 | $317.3K | <0.1% | – |
| RALRalliant Corp | Stock | 7,144 | $312.4K | <0.1% | History |
| WFRDWeatherford International plc | ORD SHS | 4,313 | $295.1K | <0.1% | History |
| OSCROscar Health, Inc. | CL A | 15,467 | $292.8K | <0.1% | History |
| UPSTUpstart Holdings, Inc. | COM | 5,688 | $288.9K | <0.1% | History |
| WCNWaste Connections, Inc. | COM | 1,625 | $285.7K | <0.1% | History |
| ESLTElbit Systems Ltd | Stock | 559 | $284.7K | <0.1% | History |
| CORTCorcept Therapeutics Inc | COM | 3,148 | $261.6K | <0.1% | History |
| BHPBHP Group Ltd | ADR | 4,566 | $254.6K | <0.1% | History |
| IBNIcici Bank Ltd | ADR | 7,853 | $237.4K | <0.1% | History |
| SMFGSumitomo Mitsui Financial Group, Inc. | SPONSORED ADR | 14,055 | $235.3K | <0.1% | History |
| LNWOLight & Wonder, Inc. | COM | 2,788 | $234.0K | <0.1% | History |
| SNYSanofi | SPONSORED ADR | 4,933 | $232.8K | <0.1% | History |
| BPBP PLC | ADR | 6,671 | $229.9K | <0.1% | History |
| State Street Materials Select Sector SPDR ETF81369Y100 | ETF | 2,404 | $215.4K | <0.1% | – |
| COOPMaverick Merger Sub 2, LLC | COM | 1,018 | $215.1K | <0.1% | History |
| Neuberger Berman ETF Trust64135A705 | OPT STRATEGY ETF | 7,962 | $213.9K | <0.1% | – |
| CNXCNX Resources Corp | COM | 6,622 | $212.7K | <0.1% | History |
| ARGXArgenx SE | SPONSORED ADR | 286 | $210.9K | <0.1% | History |
| GRABGrab Holdings Ltd | CLASS A ORD | 34,970 | $210.5K | <0.1% | History |
| BTIBritish American Tobacco p.l.c. | SPONSORED ADR | 3,951 | $209.7K | <0.1% | History |
| GLXYGalaxy Digital Inc. | CL A | 6,200 | $209.6K | <0.1% | History |
| CHWYChewy, Inc. | CL A | 5,122 | $207.2K | <0.1% | History |
| HQYHealthequity, Inc. | COM | 2,170 | $205.7K | <0.1% | History |
| INGING Groep NV | SPONSORED ADR | 7,861 | $205.0K | <0.1% | History |
| BUDAnheuser-Busch InBev SA/NV | ADR | 3,411 | $203.3K | <0.1% | History |
| RIORio Tinto PLC | ADR | 3,047 | $201.2K | <0.1% | History |
| MQTBlackRock Muniyield Quality Fund II, Inc. | COM | 17,649 | $196.5K | <0.1% | History |
| RPCRidgepost Capital, Inc. | CL A COM | 13,859 | $150.8K | <0.1% | History |
| HLNHaleon plc | ADR | 16,542 | $148.4K | <0.1% | History |
| NZFNuveen Municipal Credit Income Fund | COM SH BEN INT | 10,991 | $138.9K | <0.1% | History |
| VGMInvesco Trust for Investment Grade Municipals | COM | 13,644 | $138.1K | <0.1% | History |
| NEANuveen AMT-Free Quality Municipal Income Fund | COM | 11,993 | $137.4K | <0.1% | History |
| NADNuveen Quality Municipal Income Fund | COM | 11,601 | $136.5K | <0.1% | History |
| VMOInvesco Municipal Opportunity Trust | COM | 14,063 | $136.0K | <0.1% | History |
| VKQInvesco Municipal Trust | COM | 14,083 | $135.9K | <0.1% | History |
| MHDBlackRock Muniholdings Fund, Inc. | COM | 11,350 | $134.1K | <0.1% | History |
| MQYBlackRock Muniyield Quality Fund, Inc. | COM | 11,294 | $132.2K | <0.1% | History |
| HPPHudson Pacific Properties, Inc. | COM | 39,188 | $108.2K | <0.1% | History |
| VSTSVestis Corp | COM SHS | 22,781 | $103.2K | <0.1% | History |
| NOKNokia Corp | SPONSORED ADR | 19,791 | $95.2K | <0.1% | History |
| PCQPIMCO California Municipal Income Fund | COM | 10,305 | $90.2K | <0.1% | History |
| ICLICL Group Ltd. | SHS | 10,968 | $68.7K | <0.1% | History |
| COTYCoty Inc. | COM CL A | 14,078 | $56.9K | <0.1% | History |
| XRXXerox Holdings Corp | COM NEW | 13,525 | $51.1K | <0.1% | History |
| BTBTBit Digital, Inc | SHS | 10,000 | $30.0K | <0.1% | History |