Latest Summit Global Investments Stock Portfolio
Summit Global Investments Performance:
2024 Q3: 2.26%YTD: 2.81%2023: 8.09%
Performance for 2024 Q3 is 2.26%, and YTD is 2.81%, and 2023 is 8.09%.
About Summit Global Investments and 13F Hedge Fund Stock Holdings
Summit Global Investments is a hedge fund based in BOUNTIFUL, UT. On 11-Sep-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $1.5 Billions. In it's latest 13F Holdings report, Summit Global Investments reported an equity portfolio of $1.6 Billions as of 30 Sep, 2024.
The top stock holdings of Summit Global Investments are EERN, EERN, EERN. The fund has invested 8.6% of it's portfolio in RBB FD INC and 6.4% of portfolio in RBB FD INC.
The fund managers got completely rid off EQUINOR ASA S, INCYTE CORP C (INCY) and TRAVELERS COMPANIES INC C (TRV) stocks. They significantly reduced their stock positions in MARATHON PETE CORP (MPC), MOLINA HEALTHCARE INC (MOH) and MONOLITHIC PWR SYS INC (MPWR). Summit Global Investments opened new stock positions in ISHARES TR (BGRN), VEEVA SYS INC (VEEV) and APPLOVIN CORP (APP). The fund showed a lot of confidence in some stocks as they added substantially to FREEPORT-MCMORAN INC (FCX), SALESFORCE INC (CRM) and REPUBLIC SVCS INC (RSG).
The top stock holdings of Summit Global Investments are EERN, EERN, EERN. The fund has invested 8.6% of it's portfolio in RBB FD INC and 6.4% of portfolio in RBB FD INC.
The fund managers got completely rid off EQUINOR ASA S, INCYTE CORP C (INCY) and TRAVELERS COMPANIES INC C (TRV) stocks. They significantly reduced their stock positions in MARATHON PETE CORP (MPC), MOLINA HEALTHCARE INC (MOH) and MONOLITHIC PWR SYS INC (MPWR). Summit Global Investments opened new stock positions in ISHARES TR (BGRN), VEEVA SYS INC (VEEV) and APPLOVIN CORP (APP). The fund showed a lot of confidence in some stocks as they added substantially to FREEPORT-MCMORAN INC (FCX), SALESFORCE INC (CRM) and REPUBLIC SVCS INC (RSG).
Summit Global Investments Annual Return Estimates Vs S&P 500
Our best estimate is that Summit Global Investments made a return of 2.26% in the last quarter. In trailing 12 months, it's portfolio return was 8.5%.
New Buys
| Ticker | $ Bought |
|---|---|
| ishares tr | 6,058,000 |
| veeva sys inc | 5,593,000 |
| applovin corp | 4,364,000 |
| astrazeneca plc | 4,199,000 |
| wingstop inc | 3,334,000 |
| tyson foods inc | 3,117,000 |
| amphenol corp new | 3,098,000 |
| sempra | 2,684,000 |
New stocks bought by Summit Global Investments
Additions
| Ticker | % Inc. |
|---|---|
| freeport-mcmoran inc | 1,559 |
| salesforce inc | 971 |
| republic svcs inc | 652 |
| arch cap group ltd | 646 |
| dte energy co | 580 |
| national grid plc | 579 |
| disney walt co | 476 |
| ralph lauren corp | 346 |
Additions to existing portfolio by Summit Global Investments
Reductions
| Ticker | % Reduced |
|---|---|
| marathon pete corp | -95.61 |
| molina healthcare inc | -95.06 |
| monolithic pwr sys inc | -87.23 |
| kla corp | -86.96 |
| loews corp | -85.86 |
| centene corp del | -82.35 |
| invesco exch traded fd tr ii | -82.02 |
| civitas resources inc | -80.78 |
Summit Global Investments reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| orion s.a. c | -1,060,000 |
| inmode ltd s | -579,000 |
| siriuspoint ltd c | -166,000 |
| genco shipping & trading ltd s | -288,000 |
| ichor holdings s | -246,000 |
| renaissancere hldgs ltd c | -517,000 |
Summit Global Investments got rid off the above stocks
Sector Distribution
Summit Global Investments has about 45.2% of it's holdings in Others sector.
| Sector | % |
|---|---|
| Others | 45.2 |
| Technology | 10.2 |
| Healthcare | 9.2 |
| Financial Services | 8.5 |
| Industrials | 7.2 |
| Consumer Defensive | 5 |
| Consumer Cyclical | 5 |
| Communication Services | 3.7 |
| Utilities | 2.4 |
| Energy | 1.4 |
| Real Estate | 1.2 |
Market Cap. Distribution
Summit Global Investments has about 45.6% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| UNALLOCATED | 45.2 |
| LARGE-CAP | 30.7 |
| MEGA-CAP | 14.9 |
| MID-CAP | 5.5 |
| SMALL-CAP | 3.4 |
Stocks belong to which Index?
About 47% of the stocks held by Summit Global Investments either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 53 |
| S&P 500 | 39.5 |
| RUSSELL 2000 | 7.5 |
Summit Global Investments Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Summit Global Investments
Summit Global Investments has 493 stocks in it's portfolio. About 32.9% of the portfolio is in top 10 stocks. LRCX proved to be the most loss making stock for the portfolio. PGR was the most profitable stock for Summit Global Investments last quarter.
Last Reported on: 31 Oct, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAPL | apple inc | 1.21 | 81,314 | 18,946,000 | reduced | -9.57 | ||
| AAT | american assets tr inc | 0.03 | 14,611 | 390,000 | reduced | -62.75 | ||
| AAXJ | ishares tr | 1.18 | 230,901 | 18,541,000 | added | 13.95 | ||
| AAXJ | ishares tr | 0.15 | 44,350 | 2,383,000 | reduced | -3.43 | ||
| AAXJ | ishares tr | 0.03 | 4,779 | 519,000 | added | 0.84 | ||
| AAXJ | ishares tr | 0.02 | 2,865 | 268,000 | reduced | -31.06 | ||
| ABBV | abbvie inc | 0.15 | 11,646 | 2,300,000 | reduced | -9.57 | ||
| ABC | cencora inc | 0.02 | 1,321 | 297,000 | new | |||
| ABNB | airbnb inc | 0.01 | 1,417 | 209,000 | unchanged | 0.00 | ||
| ABT | abbott labs | 0.03 | 4,103 | 468,000 | added | 13.44 | ||
| ACGL | arch cap group ltd | 0.55 | 77,739 | 8,697,000 | added | 646 | ||
| ACLS | axcelis technologies inc | 0.05 | 7,297 | 765,000 | reduced | -9.00 | ||
| ACMR | acm resh inc | 0.03 | 25,878 | 525,000 | reduced | -1.64 | ||
| ACN | accenture plc ireland | 0.27 | 11,904 | 4,208,000 | reduced | -42.8 | ||
| ACWF | ishares tr | 0.02 | 4,004 | 251,000 | unchanged | 0.00 | ||
| ADBE | adobe inc | 0.05 | 1,443 | 748,000 | reduced | -23.89 | ||
| ADI | analog devices inc | 0.06 | 3,766 | 867,000 | new | |||
| ADP | automatic data processing in | 0.97 | 55,182 | 15,271,000 | reduced | -12.93 | ||
| ADSK | autodesk inc | 0.06 | 3,675 | 1,012,000 | added | 320 | ||
| ADUS | addus homecare corp | 0.09 | 9,968 | 1,326,000 | reduced | -7.29 | ||