Summit Trail Advisors, LLC

Registered adviser

CIK

1698478

Location

NEW YORK, NY

Portfolio Value

Mid $7,901,272,350

Diversification

Diversified

Filing Date

Global Rank

#637 / 8,817 ▼ 15

Top Industry

Semiconductors 12.0%

Period ended 4 months ago

Filed Aug 11, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 220519

Roster of Oct 1, 2026

Regulatory AUM

$19,941,615,810

Main clients

Individuals and high net worth (83% of AUM)

Private funds

16 funds · Mixed

Focus by fund count, roster of Oct 1, 2026

$1,991,804,510 gross assets

Private funds on Schedule D 7.B.(1)

As filed Oct 11, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$1,848,257,138 gross assets in 19 funds Hedge funds $1,475,379,252 (9) Private equity funds $200,232,134 (5) Real estate funds $92,645,752 (1) Other private funds $80,000,000 (4)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$19,941,615,810	Individuals and high net worth (83%)
Dec 2025 to Mar 2026	$26,156,178,587	Individuals and high net worth (70%)
Apr 2025 to Sep 2025	$23,635,841,356	Individuals and high net worth (67%)
Nov 2024 to Mar 2025	$19,967,870,619	Individuals and high net worth (69%)
Apr 2024 to Oct 2024	$17,651,630,433	Individuals and high net worth (69%)
May 2023 to Mar 2024	$14,487,629,910	Individuals and high net worth (66%)

7 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 40.7%, 41.5 effective positions, active share 43.2% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

13.4% over the last four quarters (under 30%)

Horizon

Horizon unknown

The value-weighted holding period is at least 10.4 quarters, but 8.2% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 43.2%; sector active share 22.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

1,471 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

9.4%

−0.8 pts

Top 5

28.4%

−1.3 pts

Top 10

40.7%

−1.4 pts

HHI

241

Diversified−20

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	34.0%	$2,686,196,186	166
Technology	23.3%	$1,838,530,551	239
Financial Services	8.8%	$698,629,636	233
Industrials	7.7%	$606,606,527	186
Communication Services	6.0%	$475,801,215	60
Consumer Cyclical	5.7%	$449,769,377	158
Healthcare	4.7%	$372,031,920	141
Consumer Defensive	4.1%	$321,661,693	66
Energy	1.8%	$144,397,552	59
Real Estate	1.6%	$125,095,462	71
Utilities	1.2%	$94,704,663	41
Basic Materials	1.1%	$87,847,568	51

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
USFR	WisdomTree Floating Rate Treasury Fund	+1,357,359	11,284,922	$568,195,822
CNTN	Canton Strategic Holdings, Inc.	+159,698	309,475	$872,719
KLAR	Klarna Group plc	+113,965	127,819	$2,587,056
VO	VANGUARD MID-CAP INDEX FUND	+104,501	136,774	$11,019,881
IWF	iShares Russell 1000 Growth ETF	+97,179	133,199	$16,539,319
TONX	TON Strategy Co	+78,002	144,967	$369,665
MAT	Mattel Inc	+72,380	114,730	$1,592,452
CAG	Conagra Brands Inc.	+71,760	172,833	$2,326,332
—		+66,873	173,696	$2,033,980
FLO	Flowers Foods Inc	+66,693	185,396	$1,464,628
AVTR	Avantor, Inc.	+63,036	146,193	$1,447,310
KHC	Kraft Heinz Co	+62,117	135,878	$3,209,438
RSP	Victory Portfolios II	+56,378	780,301	$166,024,643
BKNG	Booking Holdings Inc.	+53,498	55,882	$9,960,407
MAN	ManpowerGroup Inc.	+53,046	118,004	$3,984,995
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+52,400	59,883	$7,157,216
GIS	General Mills Inc	+51,672	92,112	$3,205,497
GEN	Gen Digital Inc.	+50,271	107,083	$2,665,295
RHI	Robert Half Inc.	+45,762	125,123	$3,841,276
KLAC	Kla Corp	+43,169	48,097	$14,511,345
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	+42,233	131,669	$7,663,135
CNH	CNH Industrial N.V.	+41,468	92,452	$1,038,235
VUG	VANGUARD GROWTH INDEX FUND	+41,349	49,570	$4,269,959
MSFT	Microsoft Corp	+38,388	329,333	$122,847,795
NU	Nu Holdings Ltd.	+37,036	91,489	$1,222,293
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ISHG	iShares 1-3 Year International Treasury Bond ETF	−733,748	265,634	$19,723,324
SPTL	State Street(R) SPDR(R) Portfolio Long Term Treasury ETF	−275,326	42,862	$1,124,270
GTM	ZoomInfo Technologies Inc.	−162,326	141,610	$414,917
VEA	Vanguard FTSE Developed Markets ETF	−126,134	2,413,619	$171,970,353
SNAP	Snap Inc	−124,141	299,327	$1,329,011
VOO	VANGUARD 500 INDEX FUND	−109,997	944,467	$648,669,380
MHD	Blackrock Muniholdings Fund, Inc.	−98,723	92,929	$1,105,855
CMCSA	Comcast Corp	−90,736	58,743	$1,442,140
PENN	PENN Entertainment, Inc.	−73,822	41,441	$885,179
MYN	Blackrock Muniyield New York Quality Fund, Inc.	−60,134	75,575	$767,086
MQY	Blackrock Muniyield Quality Fund, Inc.	−54,336	95,698	$1,110,096
MRVI	Maravai Lifesciences Holdings, Inc.	−51,657	22,274	$138,989
HPE	Hewlett Packard Enterprise Co	−51,270	74,809	$3,374,633
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	−51,019	144,882	$22,739,229
TDOC	Teladoc Health, Inc.	−49,930	175,562	$1,488,765
UA	Under Armour, Inc.	−46,367	46,713	$290,554
IART	Integra Lifesciences Holdings Corp	−44,822	76,794	$1,379,220
IGOV	iShares International Treasury Bond ETF	−44,707	11,998	$492,277
TXG	10x Genomics, Inc.	−44,378	225,390	$8,641,452
BBJP	JPMorgan BetaBuilders Japan ETF	−44,011	203,682	$15,339,291
BLND	Blend Labs, Inc.	−43,090	32,231	$55,115
DD	DuPont de Nemours, Inc.	−42,558	21,995	$2,983,401
U	Unity Software Inc.	−34,584	66,250	$1,893,425
ARMK	Aramark	−33,392	58,673	$3,338,493
HUN	Huntsman CORP	−31,081	78,695	$835,740
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
VONE	VANGUARD RUSSELL 1000 INDEX FUND	212,940	$72,127,036
RSPH	Victory Portfolios II	645,280	$21,416,843
WSE	Wise Group plc	783,942	$9,336,749
CRWV	CoreWeave, Inc.	57,873	$5,760,678
HONA	Honeywell Aerospace Inc.	12,146	$2,685,237
PJT	PJT Partners Inc.	12,433	$1,876,637
FDXF	FedEx Freight Holding Company, Inc.	6,959	$1,050,809
PHYS	Sprott Physical Gold Trust	28,300	$853,811
MMYT	MakeMyTrip Ltd	15,000	$799,350
CBC	Central Bancompany, Inc.	22,766	$691,631
ANGL	VanEck Fallen Angel High Yield Bond ETF	22,150	$647,666
BHRB	Burke & Herbert Financial Services Corp.	8,268	$594,138
COUR	Coursera, Inc.	97,058	$547,407
WING	Wingstop Inc.	3,089	$535,663
FSK	FS KKR Capital Corp	50,148	$526,554
QQQM	Invesco Ltd.	1,685	$510,504
HUT	Hut 8 Corp.	4,181	$482,675
IEV	iShares Europe ETF	6,092	$443,802
FSSL	FS Specialty Lending Fund	37,781	$421,258
CRBG	Corebridge Financial, Inc.	14,340	$410,554
MSOS	AdvisorShares Pure US Cannabis ETF	79,700	$404,876
PPC	Pilgrims Pride Corp	13,739	$386,203
SPCX	Space Exploration Technologies Corp	2,225	$380,163
IBDU	iShares iBonds Dec 2029 Term Corporate ETF	16,350	$378,666
SMMT	Summit Therapeutics Inc.	25,585	$372,773
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
CALY	Callaway Golf Co	90,052	$1,249,921
FCF	First Commonwealth Financial Corp	40,890	$718,846
IAUM	iShares Gold Trust Micro	12,554	$586,271
MIY	Blackrock Muniyield Michigan Quality Fund, Inc.	44,814	$532,390
MUJ	Blackrock Muniholdings New Jersey Quality Fund, Inc.	44,208	$511,486
BSMW		18,573	$461,613
XXI	Twenty One Capital, Inc.	62,500	$400,000
UVIX	VS Trust	40,976	$354,852
KAT	Scharf ETF	6,545	$350,779
ARCC	Ares Capital Corp	17,605	$317,242
GBTC	Grayscale Bitcoin Trust ETF	6,004	$316,771
RYAAY	Ryanair Holdings PLC	5,422	$313,391
IBDR	iShares iBonds Dec 2026 Term Corporate ETF	12,800	$310,272
—		5,861	$283,203
BSMV		13,479	$281,441
IBTJ	iShares iBonds Dec 2029 Term Treasury ETF	12,800	$279,590
DFTX	Definium Therapeutics, Inc.	13,000	$245,700
FUTU	Futu Holdings Ltd	1,711	$233,996
BSSX		9,078	$230,753
CTS	Cts Corp	4,762	$227,433
MUR	Murphy Oil Corp	5,407	$223,038
NICE	NICE Ltd.	1,991	$219,527
GRN		7,500	$215,205
STNG	Scorpio Tankers Inc.	2,848	$212,631
VIA	Via Transportation, Inc.	13,942	$209,130
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,471 tracked positions · $7,901,272,350 total · filing declares 1,474 positions · $7,949,014,668 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,471 positions by value · page 1 of 30

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VOO	VANGUARD 500 INDEX FUND	Reduced	944,467	-109,997	$648,669,380	+2.9%	5	unpriced	8.21%
USFR	WisdomTree Floating Rate Treasury Fund	Added	11,284,922	+1,357,359	$568,195,822	+13.7%	17	unpriced	7.19%
AVGO	Broadcom Inc. Technology	Added	761,224	+2,363	$287,552,366	+22.4%	25	unpriced	3.64%
AAPL	Apple Inc. Technology	Added	718,259	+4,772	$207,835,424	+14.8%	5	$216.49	2.63%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	2,413,619	-126,134	$171,970,353	+5.7%	5	$56.76	2.18%
NVDA	Nvidia Corp Technology	Added	844,790	+9,785	$169,034,031	+16.1%	26+	before history	2.14%
GOOGL	Alphabet Inc. Communication Services	Added	465,896	+892	$166,497,253	+24.5%	26+	before history	2.11%
RSP	Victory Portfolios II	Added	780,301	+56,378	$166,024,643	+19.5%	23	$167.02	2.10%
GOOG	Alphabet Inc. Communication Services	Added	403,486	+2,624	$142,563,708	+24.0%	26+	before history	1.80%
OLLI	Ollie's Bargain Outlet Holdings, Inc. Consumer Defensive	Added	1,612,868	+10,718	$123,997,291	−15.9%	5	$108.11	1.57%
APH	Amphenol Corp Technology	Reduced	698,762	-19,485	$123,205,715	+35.8%	5	$87.05	1.56%
MSFT	Microsoft Corp Technology	Added	329,333	+38,388	$122,847,795	+14.1%	5	$433.01	1.55%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	1,867,688	-5,558	$111,482,296	+10.1%	5	$48.28	1.41%
DLO	dLocal Ltd Technology	Added	7,679,330	+4	$99,792,893	+0.2%	17	$14.57	1.26%
AMZN	Amazon Com Inc Consumer Cyclical	Added	382,812	+11,093	$91,239,412	+17.9%	5	$206.30	1.15%
EXPD	Expeditors International Of Washington Inc Industrials	Reduced	456,248	-29,469	$74,359,299	+6.9%	5	$151.20	0.94%
VONE	VANGUARD RUSSELL 1000 INDEX FUND	NEW	212,940	NEW	$72,127,036	NEW	1	$327.83	0.91%
SPY	Spdr S&P 500 ETF Trust	Added	90,708	+870	$67,738,013	+15.9%	26+	before history	0.86%
IWM	iShares Russell 2000 ETF	Reduced	221,433	-30,336	$66,529,544	+6.6%	5	unpriced	0.84%
META	Meta Platforms, Inc. Communication Services	Reduced	111,019	-6,171	$62,535,892	−6.7%	23	$588.87	0.79%
PPA	Victory Portfolios II	Reduced	329,916	-2,716	$58,279,661	+5.7%	18	$88.01	0.74%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	549,204	+15,323	$54,360,211	+2.6%	5	unpriced	0.69%
KBWB	Invesco Ltd. Financial Services	Added	540,360	+9,481	$50,242,672	+19.6%	7	$69.06	0.64%
MU	Micron Technology Inc Technology	Reduced	43,347	-2,247	$50,035,008	+224.8%	5	$140.82	0.63%
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	Reduced	785,893	-18,548	$46,351,969	−3.2%	12	$58.58	0.59%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	137,531	-2,683	$45,018,022	+9.1%	23	$219.68	0.57%
CAT	Caterpillar Inc Industrials	Reduced	40,488	-759	$43,115,671	+47.5%	5	$333.30	0.55%
TSLA	Tesla, Inc. Consumer Cyclical	Added	101,456	+1,132	$42,672,393	+14.4%	23	unpriced	0.54%
PLTR	Palantir Technologies Inc. Technology	Reduced	358,523	-2,518	$41,828,878	−20.8%	24	unpriced	0.53%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	83,243	-541	$41,653,964	+3.7%	5	$504.77	0.53%
RSPT	Victory Portfolios II	Added	605,866	+36,979	$39,078,357	+51.8%	6	$43.85	0.49%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	100,353	+12,111	$37,134,624	+31.2%	5	unpriced	0.47%
LLY	ELI LILLY & Co Healthcare	Added	29,075	+692	$34,873,430	+33.6%	5	$844.16	0.44%
EFA	iShares MSCI EAFE ETF	Added	303,165	+5,406	$31,492,780	+8.9%	5	unpriced	0.40%
AMD	Advanced Micro Devices Inc Technology	Added	52,964	+1,352	$30,767,317	+193.0%	5	$147.90	0.39%
AON	Aon plc Financial Services	Reduced	89,714	-520	$29,757,236	+2.2%	20	$298.99	0.38%
IVV	iShares Core S&P 500 ETF	Added	38,885	+4,208	$29,120,587	+28.6%	5	unpriced	0.37%
SNDK	Sandisk Corp Technology	Reduced	12,382	-572	$28,153,324	+242.1%	6	$77.48	0.36%
CRWD	CrowdStrike Holdings, Inc. Technology	Reduced	35,660	-1,430	$27,213,572	+87.9%	25	$268.08	0.34%
VB	Vanguard Index Funds	Reduced	87,486	-1,768	$26,518,756	+13.4%	5	$225.04	0.34%
SGU	Star Group, L.P. Energy	Added	2,030,000	+8,000	$26,065,200	+5.0%	2	$12.66	0.33%
JNJ	Johnson & Johnson Healthcare	Reduced	102,279	-513	$25,975,797	+3.4%	5	$170.93	0.33%
OKTA	Okta, Inc. Technology	Reduced	188,737	-30,651	$25,753,163	+49.1%	5	$100.82	0.33%
DDOG	Datadog, Inc. Technology	Reduced	98,462	-3,336	$25,635,566	+113.3%	19	$130.56	0.32%
IAU	Ishares Gold Trust	Added	336,707	+588	$25,424,745	−14.2%	5	$66.94	0.32%
WDC	Western Digital Corp Technology	Reduced	38,623	-8,395	$24,669,282	+94.0%	5	$66.95	0.31%
		Reduced	1,413,501	-18,673	$24,036,584	+13.2%	5	$15.15	0.30%
ANET	Arista Networks, Inc. Technology	Reduced	141,213	-10,375	$23,989,264	+28.9%	5	$109.76	0.30%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Reduced	144,882	-51,019	$22,739,229	−16.1%	5	$128.81	0.29%
ERIE	Erie Indemnity Co Financial Services	Added	92,804	+441	$22,249,759	−4.1%	5	$316.86	0.28%

Showing the top 50 of 1,471 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.