# Summit Financial Group, Inc.

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 811808. Source: https://holderbook.com/funds/811808-summit-financial-group-inc/

- Reported value: $281.3M
- Positions: 190
- Weight of the ten largest: 27.6%
- Filed: 2024-04-05

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $11.8M | 27,951 | 4.2% | 22 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $11.0M | 21,086 | 3.9% | 20 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $8.5M | 50,251 | 3.0% | 20 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $8.2M | 10,534 | 2.9% | 22 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $7.2M | 65,079 | 2.6% | 20 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $6.9M | 42,590 | 2.5% | 22 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $6.4M | 79,868 | 2.3% | 20 |
| SUMMIT FINL GROUP INC | [SMMF](https://holderbook.com/stocks/SMMF/) | $6.0M | 219,386 | 2.1% | 22 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $5.9M | 60,717 | 2.1% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.8M | 36,635 | 2.1% | 22 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $5.6M | 92,740 | 2.0% | 20 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $5.6M | 48,160 | 2.0% | 22 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $5.1M | 41,101 | 1.8% | 20 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $4.7M | 10,628 | 1.7% | 22 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $4.7M | 127,024 | 1.7% | 22 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.3M | 24,984 | 1.5% | 22 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $4.2M | 20,197 | 1.5% | 20 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.1M | 7,788 | 1.5% | 20 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $3.6M | 42,793 | 1.3% | 20 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $3.6M | 32,455 | 1.3% | 20 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $3.4M | 104,762 | 1.2% | 8 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.2M | 8,314 | 1.1% | 22 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $3.1M | 51,209 | 1.1% | 22 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $3.1M | 14,605 | 1.1% | 22 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $2.8M | 68,929 | 1.0% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.7M | 13,531 | 1.0% | 22 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $2.7M | 23,119 | 1.0% | 20 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $2.7M | 63,698 | 0.9% | 20 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.6M | 7,757 | 0.9% | 20 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.5M | 20,055 | 0.9% | 22 |
| GLOBAL X FDS | [PAVE](https://holderbook.com/stocks/PAVE/) | $2.3M | 57,280 | 0.8% | 13 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $2.3M | 44,241 | 0.8% | 17 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $2.3M | 19,877 | 0.8% | 22 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $2.2M | 38,165 | 0.8% | 20 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $2.2M | 17,458 | 0.8% | 14 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $2.2M | 9,665 | 0.8% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.2M | 12,418 | 0.8% | 22 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.1M | 42,439 | 0.8% | 20 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $2.1M | 13,265 | 0.8% | 22 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.0M | 20,773 | 0.7% | 16 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $2.0M | 10,925 | 0.7% | 13 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.9M | 7,378 | 0.7% | 22 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.8M | 11,692 | 0.7% | 22 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $1.8M | 24,528 | 0.7% | 22 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.8M | 10,067 | 0.7% | 22 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.8M | 9,915 | 0.6% | 22 |
| FIRST TR EXCHANGE-TRADED FD | [QQEW](https://holderbook.com/stocks/QQEW/) | $1.8M | 14,178 | 0.6% | 20 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.7M | 39,985 | 0.6% | 12 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.7M | 19,856 | 0.6% | 20 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.6M | 32,861 | 0.6% | 22 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $1.6M | 16,333 | 0.6% | 22 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $1.5M | 19,469 | 0.5% | 14 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.5M | 15,995 | 0.5% | 12 |
| FIRST TR EXCHANGE TRADED FD | [CIBR](https://holderbook.com/stocks/CIBR/) | $1.5M | 26,477 | 0.5% | 16 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $1.5M | 5,262 | 0.5% | 22 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $1.5M | 18,103 | 0.5% | 20 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.5M | 33,393 | 0.5% | 22 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.5M | 12,882 | 0.5% | 19 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $1.4M | 10,149 | 0.5% | 22 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $1.4M | 9,978 | 0.5% | 22 |
| FIRST CMNTY BANKSHARES INC V | [FCBC](https://holderbook.com/stocks/FCBC/) | $1.3M | 38,442 | 0.5% | 22 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.3M | 3,102 | 0.5% | 22 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $1.3M | 5,000 | 0.5% | 22 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $1.3M | 2 | 0.5% | 11 |
| INVESCO EXCH TRADED FD TR II | [VRP](https://holderbook.com/stocks/VRP/) | $1.2M | 51,765 | 0.4% | 13 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.2M | 28,826 | 0.4% | 22 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $1.2M | 20,999 | 0.4% | 3 |
| DIREXION SHARES ETF TRUST | [COM](https://holderbook.com/stocks/COM/) | $1.2M | 41,465 | 0.4% | 11 |
| INVESCO EXCH TRADED FD TR II | [SPHB](https://holderbook.com/stocks/SPHB/) | $1.2M | 13,225 | 0.4% | 14 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.2M | 3,142 | 0.4% | 22 |
| EXCHANGE TRADED CONCEPTS TRU | [ROBO](https://holderbook.com/stocks/ROBO/) | $1.1M | 19,441 | 0.4% | 16 |
| FIRST TR EXCHANGE-TRADED FD | [FDN](https://holderbook.com/stocks/FDN/) | $1.1M | 5,418 | 0.4% | 9 |
| PROSHARES TR | [QLD](https://holderbook.com/stocks/QLD/) | $1.1M | 12,700 | 0.4% | 20 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.1M | 5,220 | 0.4% | 21 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.1M | 7,176 | 0.4% | 22 |
| 523 TRACT HOLDINGS LLC | - | $1.1M | 1 | 0.4% | 2 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $1.1M | 18,310 | 0.4% | 8 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.1M | 4,400 | 0.4% | 22 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.1M | 4,143 | 0.4% | 22 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.1M | 5,504 | 0.4% | 22 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $1.0M | 12,039 | 0.4% | 22 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $1.0M | 11,456 | 0.4% | 22 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.0M | 17,635 | 0.4% | 14 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $1.0M | 5,225 | 0.4% | 22 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $983.6K | 4,792 | 0.3% | 22 |
| SPDR SERIES TRUST | [SJNK](https://holderbook.com/stocks/SJNK/) | $952.3K | 37,758 | 0.3% | 13 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $945.8K | 24,264 | 0.3% | 14 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $929.5K | 7,044 | 0.3% | 22 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $885.3K | 31,902 | 0.3% | 22 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $875.9K | 9,057 | 0.3% | 22 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $815.9K | 903 | 0.3% | 4 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $812.8K | 13,509 | 0.3% | 22 |
| RGC RES INC | [RGCO](https://holderbook.com/stocks/RGCO/) | $810.1K | 40,025 | 0.3% | 22 |
| ISHARES TR | [IYG](https://holderbook.com/stocks/IYG/) | $790.8K | 11,928 | 0.3% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $777.5K | 2,786 | 0.3% | 22 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $777.4K | 8,485 | 0.3% | 22 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $770.2K | 2,674 | 0.3% | 19 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $765.2K | 3,093 | 0.3% | 20 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $734.6K | 4,339 | 0.3% | 20 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $724.6K | 2,570 | 0.3% | 22 |

## 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 |
|---|---|---|---|---|
| Q1 2024 | +7.5% | +10.0% | -2.5% | 100% |
| Q4 2023 | +9.6% | +11.2% | -1.6% | 100% |
| Q3 2023 | -3.7% | -3.6% | -0.2% | 100% |
| Q2 2023 | +4.3% | +8.3% | -4.0% | 94% |
| Q1 2023 | +1.9% | +7.0% | -5.1% | 100% |
| Q4 2022 | +8.5% | +7.1% | +1.5% | 100% |
| Q3 2022 | -6.0% | -5.3% | -0.7% | 100% |
| Q2 2022 | -11.6% | -16.5% | +4.9% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $281.3M | 190 |
| Q4 2023 | $261.2M | 184 |
| Q3 2023 | $237.9M | 178 |
| Q2 2023 | $257.1M | 185 |
| Q1 2023 | $263.8M | 190 |
| Q4 2022 | $252.4M | 193 |
| Q3 2022 | $240.8M | 190 |
| Q2 2022 | $259.1M | 195 |
| Q1 2022 | $295.4M | 210 |
| Q4 2021 | $307.2M | 211 |
| Q3 2021 | $276.4M | 204 |
| Q2 2021 | $267.3M | 196 |