# Summit Trail Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1698478. Source: https://holderbook.com/funds/1698478-summit-trail-advisors-llc/

- Reported value: $7.9B
- Positions: 1,474
- Weight of the ten largest: 33.4%
- Filed: 2026-08-11

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 INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $648.7M | 944,467 | 8.2% | 5 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $568.2M | 11,284,922 | 7.1% | 17 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $287.6M | 761,224 | 3.6% | 25 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $207.8M | 718,259 | 2.6% | 5 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $172.0M | 2,413,619 | 2.2% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $169.0M | 844,790 | 2.1% | 26 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $166.5M | 465,896 | 2.1% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $166.0M | 780,301 | 2.1% | 23 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $142.6M | 403,486 | 1.8% | 31 |
| OLLIES BARGAIN OUTLET HLDGS | [OLLI](https://holderbook.com/stocks/OLLI/) | $124.0M | 1,612,868 | 1.6% | 5 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $123.2M | 698,762 | 1.5% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $122.8M | 329,333 | 1.5% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $111.5M | 1,867,688 | 1.4% | 5 |
| DLOCAL LTD | [DLO](https://holderbook.com/stocks/DLO/) | $99.8M | 7,679,330 | 1.3% | 17 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $91.2M | 382,812 | 1.1% | 5 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $74.4M | 456,248 | 0.9% | 5 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $72.1M | 212,940 | 0.9% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $67.7M | 90,708 | 0.9% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $66.5M | 221,433 | 0.8% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $62.5M | 111,019 | 0.8% | 23 |
| INVESCO EXCHANGE TRADED FD T | [PPA](https://holderbook.com/stocks/PPA/) | $58.3M | 329,916 | 0.7% | 18 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $54.4M | 549,204 | 0.7% | 5 |
| INVESCO EXCH TRADED FD TR II | [KBWB](https://holderbook.com/stocks/KBWB/) | $50.2M | 540,360 | 0.6% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $50.0M | 43,347 | 0.6% | 5 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $46.4M | 785,893 | 0.6% | 12 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $45.0M | 137,531 | 0.6% | 23 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $43.1M | 40,488 | 0.5% | 5 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $42.7M | 101,456 | 0.5% | 23 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $41.8M | 358,523 | 0.5% | 24 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $41.7M | 83,243 | 0.5% | 5 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $39.1M | 605,866 | 0.5% | 6 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $37.1M | 100,353 | 0.5% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $34.9M | 29,075 | 0.4% | 5 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $31.5M | 303,165 | 0.4% | 5 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $30.8M | 52,964 | 0.4% | 5 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $29.8M | 89,714 | 0.4% | 20 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $29.1M | 38,885 | 0.4% | 5 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $28.2M | 12,382 | 0.4% | 6 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $27.2M | 35,660 | 0.3% | 25 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $26.5M | 87,486 | 0.3% | 5 |
| STAR GROUP L P | [SGU](https://holderbook.com/stocks/SGU/) | $26.1M | 2,030,000 | 0.3% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $26.0M | 102,279 | 0.3% | 5 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $25.8M | 188,737 | 0.3% | 5 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $25.6M | 98,462 | 0.3% | 19 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $25.4M | 336,707 | 0.3% | 5 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $24.7M | 38,623 | 0.3% | 5 |
| KRANESHARES TRUST | [KCCA](https://holderbook.com/stocks/KCCA/) | $24.0M | 1,413,501 | 0.3% | 5 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $24.0M | 141,213 | 0.3% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $22.7M | 144,882 | 0.3% | 5 |
| ERIE INDTY CO | [ERIE](https://holderbook.com/stocks/ERIE/) | $22.2M | 92,804 | 0.3% | 5 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $21.7M | 50,141 | 0.3% | 5 |
| INVESCO EXCHANGE TRADED FD T | [RSPH](https://holderbook.com/stocks/RSPH/) | $21.4M | 645,280 | 0.3% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $20.8M | 149,155 | 0.3% | 5 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $20.5M | 172,955 | 0.3% | 17 |
| HIMS & HERS HEALTH INC | [HIMS](https://holderbook.com/stocks/HIMS/) | $20.1M | 581,140 | 0.3% | 5 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $20.0M | 19,730 | 0.3% | 25 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $19.7M | 144,338 | 0.2% | 21 |
| ISHARES TR | [ISHG](https://holderbook.com/stocks/ISHG/) | $19.7M | 265,634 | 0.2% | 5 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $18.8M | 20,134 | 0.2% | 20 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $18.8M | 54,845 | 0.2% | 23 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $18.8M | 203,416 | 0.2% | 5 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $18.6M | 158,180 | 0.2% | 27 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $18.3M | 238,568 | 0.2% | 5 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $17.7M | 24,445 | 0.2% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $17.4M | 153,913 | 0.2% | 5 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $17.3M | 255,712 | 0.2% | 13 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $16.8M | 66,840 | 0.2% | 20 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $16.5M | 133,199 | 0.2% | 5 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $16.3M | 168,425 | 0.2% | 19 |
| J P MORGAN EXCHANGE TRADED F | [BBJP](https://holderbook.com/stocks/BBJP/) | $15.3M | 203,682 | 0.2% | 4 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $15.0M | 101,397 | 0.2% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $14.6M | 255,744 | 0.2% | 5 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $14.5M | 48,097 | 0.2% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $14.4M | 19,552 | 0.2% | 5 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $14.4M | 75,758 | 0.2% | 5 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $13.9M | 33,330 | 0.2% | 25 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $13.8M | 36,825 | 0.2% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $13.5M | 81,508 | 0.2% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $12.8M | 24,877 | 0.2% | 27 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $12.7M | 68,481 | 0.2% | 4 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $12.6M | 69,913 | 0.2% | 5 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $12.5M | 35,498 | 0.2% | 5 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $12.5M | 431,410 | 0.2% | 5 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $12.4M | 88,283 | 0.2% | 5 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $12.3M | 10,437 | 0.2% | 9 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $11.0M | 136,774 | 0.1% | 5 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $11.0M | 32,452 | 0.1% | 5 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $10.9M | 84,812 | 0.1% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $10.7M | 21,091 | 0.1% | 5 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $10.7M | 131,855 | 0.1% | 5 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $10.6M | 72,674 | 0.1% | 5 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $10.6M | 72,467 | 0.1% | 5 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $10.6M | 95,682 | 0.1% | 5 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $10.4M | 71,098 | 0.1% | 20 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $10.1M | 139,430 | 0.1% | 24 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $10.0M | 55,882 | 0.1% | 21 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $9.8M | 118,282 | 0.1% | 5 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $9.8M | 38,125 | 0.1% | 5 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $9.7M | 95,428 | 0.1% | 7 |
| WISE GROUP PLC | [WSE](https://holderbook.com/stocks/WSE/) | $9.3M | 783,942 | 0.1% | 1 |

## 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 2026 | +12.7% | +14.8% | -2.2% | 100% |
| Q1 2026 | -3.4% | -4.6% | +1.2% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.9% | 100% |
| Q3 2025 | +6.0% | +7.8% | -1.8% | 100% |
| Q2 2025 | +7.9% | +10.5% | -2.6% | 100% |
| Q1 2025 | -3.0% | -4.6% | +1.6% | 100% |
| Q4 2024 | +1.6% | +2.1% | -0.6% | 100% |
| Q3 2024 | +3.9% | +5.4% | -1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $7.9B | 1,474 |
| Q1 2026 | $7.0B | 1,441 |
| Q4 2025 | $5.8B | 1,303 |
| Q3 2025 | $7.2B | 1,344 |
| Q2 2025 | $5.8B | 1,116 |
| Q1 2025 | $3.0B | 423 |
| Q4 2024 | $2.7B | 390 |
| Q3 2024 | $4.0B | 719 |
| Q2 2024 | $3.8B | 616 |
| Q1 2024 | $3.8B | 613 |
| Q4 2023 | $3.0B | 559 |
| Q3 2023 | $2.7B | 548 |