# Summit X, LLC

> Institutional holdings reported to the SEC as of Q2 2025 on Form 13F. CIK 1697729. Source: https://holderbook.com/funds/1697729-summit-x-llc/

- Reported value: $536.4M
- Positions: 255
- Weight of the ten largest: 39.2%
- Filed: 2025-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $35.6M | 326,178 | 6.6% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $22.9M | 144,953 | 4.3% | 21 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $22.6M | 36,430 | 4.2% | 27 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $21.2M | 388,485 | 3.9% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $20.9M | 101,856 | 3.9% | 27 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $20.2M | 110,487 | 3.8% | 26 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $18.9M | 282,690 | 3.5% | 6 |
| AMERICAN CENTY ETF TR | [AVLV](https://holderbook.com/stocks/AVLV/) | $18.1M | 265,049 | 3.4% | 10 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $15.1M | 237,297 | 2.8% | 18 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $14.5M | 316,541 | 2.7% | 20 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $11.0M | 22,018 | 2.0% | 27 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $10.8M | 62,612 | 2.0% | 10 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $10.8M | 158,086 | 2.0% | 9 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $10.7M | 201,653 | 2.0% | 6 |
| DIMENSIONAL ETF TRUST | [DFCF](https://holderbook.com/stocks/DFCF/) | $10.4M | 246,761 | 1.9% | 6 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $9.9M | 110,168 | 1.9% | 27 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $6.4M | 87,386 | 1.2% | 27 |
| AMERICAN CENTY ETF TR | [AVUS](https://holderbook.com/stocks/AVUS/) | $6.3M | 62,905 | 1.2% | 10 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $6.1M | 62,248 | 1.1% | 27 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $6.1M | 17,136 | 1.1% | 27 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $6.0M | 53,867 | 1.1% | 21 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.6M | 25,631 | 1.0% | 27 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $5.2M | 59,367 | 1.0% | 10 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.2M | 9,263 | 1.0% | 27 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $5.1M | 49,857 | 0.9% | 14 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.7M | 26,691 | 0.9% | 27 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $4.7M | 15,042 | 0.9% | 27 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $4.4M | 43,620 | 0.8% | 27 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $4.3M | 7,847 | 0.8% | 27 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $3.9M | 40,837 | 0.7% | 27 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.8M | 23,888 | 0.7% | 27 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $3.8M | 25,850 | 0.7% | 21 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $3.6M | 58,102 | 0.7% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.5M | 7,144 | 0.6% | 27 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $3.4M | 36,027 | 0.6% | 20 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.1M | 16,619 | 0.6% | 27 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $2.9M | 5,730 | 0.5% | 6 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.6M | 24,381 | 0.5% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.6M | 3,357 | 0.5% | 9 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $2.5M | 11,872 | 0.5% | 27 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.5M | 8,975 | 0.5% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.5M | 3,348 | 0.5% | 27 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $2.4M | 21,499 | 0.4% | 24 |
| NEOS ETF TRUST | [CSHI](https://holderbook.com/stocks/CSHI/) | $2.4M | 47,766 | 0.4% | 1 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $2.3M | 24,699 | 0.4% | 5 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.2M | 7,361 | 0.4% | 27 |
| ISHARES TR | [HYDB](https://holderbook.com/stocks/HYDB/) | $2.2M | 46,940 | 0.4% | 10 |
| FIRST CTZNS BANCSHARES INC D | [FCNCA](https://holderbook.com/stocks/FCNCA/) | $2.2M | 1,128 | 0.4% | 14 |
| FIRST TR EXCHANGE-TRADED FD | [TDIV](https://holderbook.com/stocks/TDIV/) | $2.2M | 24,442 | 0.4% | 1 |
| MESOBLAST LTD | [MESO](https://holderbook.com/stocks/MESO/) | $2.2M | 199,295 | 0.4% | 6 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $2.1M | 15,783 | 0.4% | 26 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $2.1M | 18,118 | 0.4% | 27 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.1M | 3,421 | 0.4% | 26 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.1M | 3,700 | 0.4% | 8 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $2.1M | 10,526 | 0.4% | 27 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $2.0M | 15,205 | 0.4% | 27 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.9M | 10,516 | 0.3% | 27 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.8M | 21,319 | 0.3% | 27 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $1.8M | 13,124 | 0.3% | 22 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.8M | 6,063 | 0.3% | 27 |
| AMERICAN CENTY ETF TR | [AVIG](https://holderbook.com/stocks/AVIG/) | $1.7M | 40,885 | 0.3% | 9 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.7M | 36,246 | 0.3% | 6 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.7M | 13,485 | 0.3% | 27 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $1.6M | 18,043 | 0.3% | 10 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.6M | 18,532 | 0.3% | 22 |
| EVERPURE INC | [P](https://holderbook.com/stocks/P/) | $1.6M | 27,003 | 0.3% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.5M | 21,903 | 0.3% | 27 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $1.5M | 26,427 | 0.3% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.5M | 4,609 | 0.3% | 20 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $1.5M | 6,074 | 0.3% | 10 |
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $1.4M | 6,298 | 0.3% | 7 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.4M | 3,287 | 0.3% | 27 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $1.3M | 19,102 | 0.2% | 8 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $1.3M | 42,365 | 0.2% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.3M | 6,011 | 0.2% | 6 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.3M | 4,498 | 0.2% | 27 |
| J P MORGAN EXCHANGE TRADED F | [JMUB](https://holderbook.com/stocks/JMUB/) | $1.3M | 26,258 | 0.2% | 10 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $1.3M | 26,096 | 0.2% | 21 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $1.3M | 25,716 | 0.2% | 1 |
| DOUBLELINE INCOME SOLUTIONS | [DSL](https://holderbook.com/stocks/DSL/) | $1.3M | 102,730 | 0.2% | 27 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $1.3M | 3,791 | 0.2% | 21 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.2M | 11,189 | 0.2% | 27 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $1.2M | 4,332 | 0.2% | 5 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.2M | 10,935 | 0.2% | 27 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $1.2M | 11,440 | 0.2% | 13 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $1.2M | 6,115 | 0.2% | 27 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $1.2M | 26,084 | 0.2% | 3 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $1.1M | 12,243 | 0.2% | 27 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $1.1M | 1,494 | 0.2% | 6 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $1.1M | 3,000 | 0.2% | 4 |
| COSTAMARE INC | [CMRE](https://holderbook.com/stocks/CMRE/) | $1.1M | 119,811 | 0.2% | 10 |
| FIDELITY COVINGTON TRUST | [FDVV](https://holderbook.com/stocks/FDVV/) | $1.1M | 20,853 | 0.2% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.1M | 798 | 0.2% | 23 |
| ISHARES TR | [QLTA](https://holderbook.com/stocks/QLTA/) | $1.1M | 22,250 | 0.2% | 10 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.1M | 13,180 | 0.2% | 6 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.0M | 17,345 | 0.2% | 27 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.0M | 7,773 | 0.2% | 27 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.0M | 16,434 | 0.2% | 27 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.0M | 7,805 | 0.2% | 27 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $999.5K | 4,344 | 0.2% | 27 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2025 | +8.9% | +10.5% | -1.6% | 100% |
| Q1 2025 | -3.4% | -4.6% | +1.2% | 100% |
| Q4 2024 | +0.6% | +2.1% | -1.6% | 105% |
| Q3 2024 | +5.0% | +5.4% | -0.4% | 100% |
| Q2 2024 | +3.6% | +4.0% | -0.5% | 100% |
| Q1 2024 | +7.6% | +10.0% | -2.5% | 100% |
| Q4 2023 | +9.0% | +11.2% | -2.2% | 100% |
| Q3 2023 | -4.5% | -3.6% | -0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2025 | $536.4M | 255 |
| Q1 2025 | $475.7M | 240 |
| Q4 2024 | $450.9M | 218 |
| Q3 2024 | $411.2M | 212 |
| Q2 2024 | $445.7M | 235 |
| Q1 2024 | $390.2M | 207 |
| Q4 2023 | $351.5M | 190 |
| Q3 2023 | $315.0M | 181 |
| Q2 2023 | $411.8M | 271 |
| Q1 2023 | $386.9M | 263 |
| Q4 2022 | $345.8M | 241 |
| Q3 2022 | $339.0M | 246 |