Skip to main content
Livermore
Livermore
ZHEN

Summit Financial, LLC

SEC CIK
0001765536
Latest filing
Aug 12, 2026

The latest 13F from Summit Financial, LLC covers Q2 2026 (filed Aug 12, 2026): 1,580 long positions worth $9.12B. The top 10 holdings make up 23.5% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 7.1%. 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
243
Est. +$227.5M
Added
773
Est. +$643.9M
Reduced
514
Est. −$398.1M
Sold out
60
Est. −$73.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    7.1%$648.5M
  2. Vanguard Ftse All-World Ex-US Index Fund922042775
    3.2%$294.1M
  3. iShares Core S&P 500 ETF464287200
    2.5%$225.7M
  4. AAPLApple Inc.
    2.2%$196.9MHistory
  5. Vanguard Morningstar Growth ETF922908736
    1.7%$156.2M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46434V878
    +$56.7MAdded
  2. iShares Core S&P 500 ETF464287200
    +$34.0MAdded
  3. Goldman Sachs ETF Tr38149W473
    +$20.1MNew
  4. CIENCiena Corp
    +$19.6MAddedHistory
  5. NVDANVIDIA Corp
    +$14.6MAddedHistory

Largest weight increases

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

  1. iShares Tr46434V878
    +0.61 pp0.1% → 0.7%
  2. iShares Core S&P 500 ETF464287200
    +0.34 pp2.1% → 2.5%
  3. Goldman Sachs ETF Tr38149W473
    +0.22 pp0.0% → 0.2%
  4. CIENCiena Corp
    +0.22 pp<0.1% → 0.3%History
  5. AMATApplied Materials Inc
    +0.20 pp0.2% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −$28.0MReduced
  2. iShares Tr464287432
    −$27.1MReduced
  3. Global X FDS37954Y632
    −$26.7MReduced
  4. iShares Ibonds Dec 2033 Term Corporate ETF46436E130
    −$23.1MReduced
  5. iShares Tr46438G653
    −$18.3MReduced

Largest weight decreases

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

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −0.38 pp0.5% → 0.2%
  2. iShares Tr464287432
    −0.35 pp0.4% → <0.1%
  3. iShares Ibonds Dec 2033 Term Corporate ETF46436E130
    −0.35 pp0.7% → 0.3%
  4. iShares Tr46438G653
    −0.28 pp0.6% → 0.3%
  5. Global X FDS37954Y632
    −0.23 pp0.3% → 0.1%

Metrics

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

Portfolio value
$9.12B
+$1.27B (+16.2%) vs. prior quarter
Positions
1,580
+183 vs. prior quarter
Top 10 concentration
23.5%
Top 10 as share of value
Turnover
5.6%
Q2 2026, one quarter
Average holding period
13.8 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 $9.12B (Q2 2026)

Q1 2021: $758.5MQ2 2021: $1.01BQ3 2021: $1.17BQ4 2021: $1.31BQ1 2022: $1.28BQ2 2022: $1.07BQ3 2022: $1.06BQ4 2022: $1.06BQ1 2023: $1.14BQ2 2023: $1.37BQ3 2023: $1.35BQ4 2023: $1.53BQ1 2024: $1.69BQ2 2024: $2.19BQ3 2024: $2.55BQ4 2024: $2.85BQ1 2025: $3.57BQ2 2025: $4.42BQ3 2025: $6.55BQ4 2025: $6.81BQ1 2026: $7.85BQ2 2026: $9.12B
Q1 2021Q2 2026
13F filings of Summit Financial, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 20261,580$9.12BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundiShares Core S&P 500 ETFvs. Q1 2026SEC
Q1 2026May 15, 20261,397$7.85BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundAAPLvs. Q4 2025SEC
Q4 2025Feb 13, 20261,283$6.81BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundiShares Core S&P 500 ETFvs. Q3 2025SEC
Q3 2025Nov 14, 20251,238$6.55BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundiShares Core S&P 500 ETFvs. Q2 2025SEC
Q2 2025Aug 13, 2025809$4.42BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundiShares Core S&P 500 ETFvs. Q1 2025SEC
Q1 2025May 14, 2025706$3.57BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q4 2024SEC
Q4 2024Feb 12, 2025636$2.85BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q3 2024SEC
Q3 2024Nov 12, 2024539$2.55BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q2 2024SEC
Q2 2024Jul 31, 2024487$2.19BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q1 2024SEC
Q1 2024Apr 24, 2024381$1.69BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundCMGvs. Q4 2023SEC
Q4 2023Feb 6, 2024351$1.53BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q3 2023SEC
Q3 2023Nov 7, 2023332$1.35BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q2 2023SEC
Q2 2023Aug 11, 2023319$1.37BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q1 2023SEC
Q1 2023May 3, 2023256$1.14BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q4 2022SEC
Q4 2022Feb 7, 2023248$1.06BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q3 2022SEC
Q3 2022Nov 15, 2022253$1.06BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q2 2022SEC
Q2 2022Aug 12, 2022231$1.07BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q1 2022SEC
Q1 2022May 10, 2022247$1.28BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q4 2021SEC
Q4 2021Feb 7, 2022243$1.31BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q3 2021SEC
Q3 2021Nov 8, 2021221$1.17BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q2 2021SEC
Q2 2021Aug 6, 2021167$1.01BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETFvs. Q1 2021SEC
Q1 2021May 3, 202156$758.5MVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Growth ETF–SEC