Latest Summit Asset Management, LLC Stock Portfolio

Summit Asset Management, LLC Performance:

2024 Q3: 2.29%YTD: 5.82%2023: 5.7%

Performance for 2024 Q3 is 2.29%, and YTD is 5.82%, and 2023 is 5.7%.

About Summit Asset Management, LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Summit Asset Management, LLC reported an equity portfolio of $532.4 Millions as of 30 Sep, 2024.

The top stock holdings of Summit Asset Management, LLC are FNDA, FNDA, AFK. The fund has invested 9.8% of it's portfolio in SCHWAB STRATEGIC TR and 6.4% of portfolio in SCHWAB STRATEGIC TR.

The fund managers got completely rid off EXCHANGE TRADED CONCEPTS TRU (BITQ) and CONOCOPHILLIPS (COP) stocks. They significantly reduced their stock positions in VANGUARD BD INDEX FDS (VUSB), PIMCO ETF TR (BOND) and BERKSHIRE HATHAWAY INC DEL. Summit Asset Management, LLC opened new stock positions in BANCORP INC DEL (TBBK), AIR PRODS & CHEMS INC (APD) and ENERGY TRANSFER L P (ET). The fund showed a lot of confidence in some stocks as they added substantially to VICTORY PORTFOLIOS II (MDCP), HARBOR ETF TRUST (HAPY) and ROCKWELL AUTOMATION INC (ROK).

Summit Asset Management, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Summit Asset Management, LLC made a return of 2.29% in the last quarter. In trailing 12 months, it's portfolio return was 9.51%.

New Buys

Ticker	$ Bought
bancorp inc del	280,875
ishares tr	278,184
air prods & chems inc	264,989
energy transfer l p	242,596
t-mobile us inc	231,123
entergy corp new	230,318
nike inc	228,249
salesforce inc	220,610

New stocks bought by Summit Asset Management, LLC

Additions

Ticker	% Inc.
victory portfolios ii	99.2
harbor etf trust	53.5
rockwell automation inc	44.88
deere & co	37.63
spdr s&p midcap 400 etf tr	36.5
cnh indl n v	32.14
honeywell intl inc	28.19
first horizon corporation	25.61

Additions to existing portfolio by Summit Asset Management, LLC

Reductions

Ticker	% Reduced
vanguard bd index fds	-40.53
pimco etf tr	-33.57
berkshire hathaway inc del	-16.67
vanguard star fds	-16.09
procter and gamble co	-13.62
dbx etf tr	-13.54
canadian pacific kansas city	-11.93
vanguard intl equity index f	-9.55

Summit Asset Management, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
exchange traded concepts tru	-239,200
conocophillips	-212,982

Summit Asset Management, LLC got rid off the above stocks

Sector Distribution

Summit Asset Management, LLC has about 72.6% of it's holdings in Others sector.

Sector	%
Others	72.6
Technology	9.8
Consumer Cyclical	4
Industrials	3.5
Consumer Defensive	2.5
Healthcare	2.4
Financial Services	2.3

Market Cap. Distribution

Summit Asset Management, LLC has about 22.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	72.8
MEGA-CAP	12.3
LARGE-CAP	10.2
MID-CAP	4.6

Stocks belong to which Index?

About 26.6% of the stocks held by Summit Asset Management, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	73.4
S&P 500	22.3
RUSSELL 2000	4.3

Top 5 Winners (%)		%
MMM	3m co	33.8 %
CCK	crown hldgs inc	28.9 %
GL	globe life inc	28.7 %
IBM	international business machs	27.8 %
PSA	public storage oper co	26.5 %

Top 5 Winners ($)		$
IJR	ishares tr	1.7 M
AAPL	apple inc	1.0 M
IJR	ishares tr	0.8 M
IJR	ishares tr	0.7 M
WMT	walmart inc	0.7 M

Top 5 Losers (%)		%
WEST	westrock coffee co	-26.3 %
CACC	credit accep corp mich	-13.8 %
SCHW	schwab charles corp	-12.1 %
GOOG	alphabet inc	-8.7 %
FDX	fedex corp	-8.7 %

Top 5 Losers ($)		$
MSFT	microsoft corp	-0.3 M
FDX	fedex corp	-0.2 M
GOOG	alphabet inc	-0.1 M
AMZN	amazon com inc	-0.1 M
SCHW	schwab charles corp	-0.1 M

Summit Asset Management, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Summit Asset Management, LLC

Summit Asset Management, LLC has 162 stocks in it's portfolio. About 54.2% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. IJR was the most profitable stock for Summit Asset Management, LLC last quarter.

Last Reported on: 06 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.92	43,952	10,240,800	reduced	-1.38

AAXJ	ishares tr	0.82	59,702	4,356,460	reduced	-0.5

AAXJ	ishares tr	0.14	9,855	749,177	unchanged	0.00

AAXJ	ishares tr	0.08	5,090	418,398	unchanged	0.00

AAXJ	ishares tr	0.06	4,476	343,041	unchanged	0.00

AAXJ	ishares tr	0.03	10,658	156,566	unchanged	0.00

ABBV	abbvie inc	0.18	4,826	952,970	added	0.02

ABT	abbott labs	0.08	3,919	446,839	unchanged	0.00

ACSG	dbx etf tr	0.27	33,790	1,430,670	reduced	-13.54

ACWF	ishares tr	2.91	617,003	15,486,800	added	3.11

ACWF	ishares tr	2.83	597,351	15,059,200	added	1.73

ACWF	ishares tr	0.13	19,236	681,339	unchanged	0.00

ADP	automatic data processing in	0.06	1,137	314,642	unchanged	0.00

AEMB	american centy etf tr	0.05	3,510	246,753	unchanged	0.00

AFK	vaneck etf trust	6.41	352,020	34,128,300	added	5.37

AFTY	pacer fds tr	0.14	12,860	743,694	added	2.76

AGT	ishares tr	2.91	638,269	15,509,900	added	3.63

AMPS	ishares tr	0.06	6,164	314,611	unchanged	0.00

AMT	american tower corp new	0.05	1,068	248,374	unchanged	0.00

AMZN	amazon com inc	0.69	19,777	3,685,050	added	1.15