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Livermore
Livermore
ZHEN

Summit Investment Advisory Services, LLC

SEC CIK
0001914395
Latest filing
Jul 24, 2026

The latest 13F from Summit Investment Advisory Services, LLC covers Q2 2026 (filed Jul 24, 2026): 89 long positions worth $398.5M. The top 10 holdings make up 76.5% of the portfolio, and the largest is Capital Group Dividend Value at 12.6%. Livermore has 17 filings on Form 13F from this institution, going back to Q4 2022.

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
9
Est. +$88.1M
Added
38
Est. +$8.03M
Reduced
25
Est. −$3.47M
Sold out
1
Est. −$239.6K

Top 5 holdings

Share of this quarter's portfolio value

  1. Capital Group Dividend Value14020W106
    12.6%$50.3M
  2. Putnam ETF Trust746729300
    11.1%$44.1M
  3. Capital Group Growth ETF14020G101
    11.1%$44.1M
  4. Franklin Templeton ETF Tr35473P439
    8.0%$31.9M
  5. Capital Group Intl Focus EQT14019W109
    7.4%$29.3M

Share of portfolio

Top 5 holdings and the other 84 positions, by share of portfolio value

  1. Capital Group Dividend Value12.6%
  2. Putnam ETF Trust11.1%
  3. Capital Group Growth ETF11.1%
  4. Franklin Templeton ETF Tr8.0%
  5. Capital Group Intl Focus EQT7.4%
  6. Other 84 positions49.9%

Biggest buys

New and added positions, by estimated amount bought

  1. Putnam ETF Trust746729300
    +$44.1MNew
  2. Federated Hermes ETF Trust31423L800
    +$26.5MNew
  3. Federated Hermes ETF Trust31423L602
    +$15.5MNew
  4. Franklin Templeton ETF Tr35473P439
    +$2.99MAdded
  5. Capital Group Dividend Value14020W106
    +$1.56MAdded

Largest weight increases

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

  1. Putnam ETF Trust746729300
    +11.07 pp0.0% → 11.1%
  2. Federated Hermes ETF Trust31423L800
    +6.66 pp0.0% → 6.7%
  3. Federated Hermes ETF Trust31423L602
    +3.90 pp0.0% → 3.9%
  4. AMZNAmazon Com Inc
    +0.20 pp0.0% → 0.2%History
  5. NVDANVIDIA Corp
    +0.10 pp0.1% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Fidelity Covington Trust31609A206
    −$553.4KReduced
  2. Vanguard Dividend Appreciation ETF921908844
    −$364.9KReduced
  3. iShares S&P 500 Growth ETF464287309
    −$307.7KReduced
  4. iShares MSCI USA Min Vol Factor ETF46429B697
    −$295.5KReduced
  5. SPDR Series Trust78464A805
    −$267.4KReduced

Largest weight decreases

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

  1. Capital Group Intl Focus EQT14019W109
    −1.96 pp9.3% → 7.4%
  2. SPDR Series Trust78464A805
    −0.85 pp3.5% → 2.6%
  3. Fidelity Covington Trust31609A206
    −0.78 pp4.5% → 3.8%
  4. iShares S&P 500 Growth ETF464287309
    −0.59 pp2.8% → 2.3%
  5. iShares S&P 500 Value ETF464287408
    −0.34 pp1.2% → 0.9%

Metrics

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

Portfolio value
$398.5M
+$129.3M (+48.0%) vs. prior quarter
Positions
89
+8 vs. prior quarter
Top 10 concentration
76.5%
Top 10 as share of value
Turnover
1.1%
Q2 2026, one quarter
Average holding period
6.6 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 (Q4 2022), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $398.5M (Q2 2026)

Q4 2022: $82.6MQ1 2023: $140.5MQ2 2023: $151.2MQ3 2023: $134.9MQ4 2023: $158.8MQ1 2024: $168.9MQ2 2024: $85.1MQ3 2024: $188.5MQ4 2024: $193.9MQ1 2025: $204.0MQ2 2025: $229.9MQ3 2025: $251.1MQ4 2025: $265.0MQ1 2026: $269.2MQ2 2026: $398.5M
Q4 2022Q2 2026
13F filings of Summit Investment Advisory Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 202689$398.5MCapital Group Dividend ValuePutnam ETF TrustCapital Group Growth ETFvs. Q1 2026SEC
Q1 2026Apr 23, 202681$269.2MCapital Group Dividend ValueCapital Group Growth ETFFranklin Templeton ETF Trvs. Q4 2025SEC
Q4 2025Feb 4, 202682$265.0MCapital Group Dividend ValueCapital Group Growth ETFCapital Group Core Equity Etvs. Q3 2025SEC
Q3 2025Nov 7, 2025Amended76$251.1MCapital Group Dividend ValueCapital Group Growth ETFCapital Group Core Equity Etvs. Q2 2025SEC
Q2 2025Nov 7, 2025Amended71$229.9MCapital Group Dividend ValueCapital Group Growth ETFCapital Group Core Equity Etvs. Q1 2025SEC
Q1 2025Apr 11, 202568$204.0MCapital Group Dividend ValueCapital Group Growth ETFFranklin Templeton ETF Trvs. Q4 2024SEC
Q4 2024Jan 21, 202570$193.9MCapital Group Dividend ValueCapital Group Growth ETFiShares Core Dividend Growth ETFvs. Q3 2024SEC
Q3 2024Oct 16, 202471$188.5MCapital Group Dividend ValueCapital Group Growth ETFiShares Core Dividend Growth ETFvs. Q2 2024SEC
Q2 2024Jul 15, 202440$85.1MInvesco Exch TRD SLF Idx FDInvesco Exch TRD SLF Idx FDiShares Russell 1000 Growth ETFvs. Q1 2024SEC
Q1 2024Apr 18, 202468$168.9MCapital Group Dividend ValueCapital Group Growth ETFiShares Core Dividend Growth ETFvs. Q4 2023SEC
Q4 2023Jan 18, 202464$158.8MCapital Group Dividend ValueiShares Core Dividend Growth ETFCapital Group Growth ETFvs. Q3 2023SEC
Q3 2023Oct 10, 202354$134.9MCapital Group Dividend ValueiShares Core Dividend Growth ETFCapital Group Growth ETFvs. Q2 2023SEC
Q2 2023Jul 26, 202357$151.2MiShares Core Dividend Growth ETFCapital Group Dividend ValueCapital Group Core Equity Etvs. Q1 2023SEC
Q1 2023Apr 17, 202353$140.5MiShares Core Dividend Growth ETFCapital Group Dividend ValueCapital Group Growth ETFvs. Q4 2022SEC
Q4 2022Feb 2, 202351$82.6MiShares Core Dividend Growth ETFSPDR Series TrustiShares S&P 500 Growth ETF–SEC