Institution

Summit Trail Advisors, LLC

13F for June 30, 2026, filed August 11, 2026 · SEC CIK 1698478

Reported value: $7.9bn
Positions we cover: 1,194
Copy, a year: +9.0%
Copy Sharpe ratio: 0.32

How copying its 13F would have done

CopyS&P 500 $10,000 copying Summit Trail Advisors, LLC's filed holdings in companies we cover from August 20, 2021, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −49.6% (S&P 500 −23.9%); beta 1.33; alpha −4.5% a year (t = −1.01); last 12 months +11.9% against +12.1%.

Reported value by quarter

Summit Trail Advisors, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2021-06-30	$1.1B
2021-09-30	$1.3B
2021-12-31	$1.6B
2022-03-31	$1.2B
2022-06-30	$1.6B
2022-09-30	$1.8B
2022-12-31	$2.3T
2023-03-31	$2.5B
2023-06-30	$2.7B
2023-09-30	$2.7B
2023-12-31	$3B
2024-03-31	$3.8B
2024-06-30	$3.8B
2024-09-30	$4B
2024-12-31	$2.7B
2025-03-31	$3B
2025-06-30	$5.8B
2025-09-30	$7.2B
2025-12-31	$5.8B
2026-03-31	$7B
2026-06-30	$7.9B

Latest covered holdings and moves

Covered holdings as of June 30, 2026.

Company	Share of portfolio	Value	Shares	Change in shares
AVGOBroadcom	3.62%	$287.6m	761.2K	+0.3%
AAPLApple Inc.	2.62%	$207.8m	718.3K	+0.7% Added
NVDANVIDIA Corporation	2.13%	$169.0m	844.8K	+1.2% Added
GOOGLAlphabet Inc. (Class A)	2.10%	$166.5m	465.9K	+0.2%
OLLIOllie's Bargain Outlet Holdings, Inc.	1.56%	$124.0m	1.61M	+0.7% Added
APHAmphenol	1.55%	$123.2m	698.8K	−2.7% Reduced
MSFTMicrosoft Corporation	1.55%	$122.8m	329.3K	+13.2% Added
DLODlocal Ltd	1.26%	$99.8m	7.68M	0.0%
AMZNAmazon	1.15%	$91.2m	382.8K	+3.0% Added
EXPDExpeditors International	0.94%	$74.4m	456.2K	−6.1% Reduced
METAMeta Platforms	0.79%	$62.5m	111.0K	−5.3% Reduced
MUMicron Technology	0.63%	$50.0m	43.3K	−4.9% Reduced
JPMJPMorgan Chase	0.57%	$45.0m	137.5K	−1.9% Reduced
CATCaterpillar Inc.	0.54%	$43.1m	40.5K	−1.8% Reduced
TSLATesla, Inc.	0.54%	$42.7m	101.5K	+1.1% Added
PLTRPalantir Technologies Inc.	0.53%	$41.8m	358.5K	−0.7% Reduced
LLYLilly (Eli)	0.44%	$34.9m	29.1K	+2.4% Added
AMDAdvanced Micro Devices	0.39%	$30.8m	53.0K	+2.6% Added
AONAon plc	0.38%	$29.8m	89.7K	−0.6% Reduced
SNDKSandisk	0.35%	$28.2m	12.4K	−4.4% Reduced
CRWDCrowdStrike	0.34%	$27.2m	35.7K	−3.9% Reduced
SGUStar Group, L.p.	0.33%	$26.1m	2.03M	+0.4%
JNJJohnson & Johnson	0.33%	$26.0m	102.3K	−0.5%
OKTAOkta, Inc.	0.32%	$25.8m	188.7K	−14.0% Reduced
DDOGDatadog, Inc.	0.32%	$25.6m	98.5K	−3.3% Reduced
WDCWestern Digital	0.31%	$24.7m	38.6K	−17.9% Reduced
ANETArista Networks	0.30%	$24.0m	141.2K	−6.8% Reduced
ERIEErie Indemnity	0.28%	$22.2m	92.8K	+0.5%
LRCXLam Research	0.27%	$21.7m	50.1K	−4.7% Reduced
INTCIntel	0.26%	$20.8m	149.2K	+3.1% Added
APOApollo Global Management	0.26%	$20.5m	173.0K	+0.7% Added
HIMSHims & Hers Health, Inc.	0.25%	$20.1m	581.1K	0.0%
GSGoldman Sachs	0.25%	$20.0m	19.7K	−4.0% Reduced
COSTCostco	0.24%	$18.8m	20.1K	+2.3% Added
VVisa Inc.	0.24%	$18.8m	54.8K	+5.9% Added
SCHWCharles Schwab Corporation	0.24%	$18.8m	203.4K	−3.3% Reduced
CSCOCisco	0.23%	$18.6m	158.2K	−0.3%
AMATApplied Materials	0.22%	$17.7m	24.4K	−0.3%
WMTWalmart	0.22%	$17.4m	153.9K	−1.4% Reduced
ABBVAbbVie	0.21%	$16.8m	66.8K	+3.5% Added
BACBank of America	0.18%	$14.6m	255.7K	+0.7% Added
KLACKLA Corporation	0.18%	$14.5m	48.1K	+876.0% Added
RTXRTX Corporation	0.18%	$14.4m	75.8K	−2.6% Reduced
UNHUnitedHealth Group	0.17%	$13.9m	33.3K	+13.9% Added
GEGE Aerospace	0.17%	$13.8m	36.8K	−1.1% Reduced
CVXChevron Corporation	0.17%	$13.5m	81.5K	−3.5% Reduced
MAMastercard	0.16%	$12.8m	24.9K	+1.2% Added
PMPhilip Morris International	0.16%	$12.6m	69.9K	−5.5% Reduced
HDThe Home Depot	0.16%	$12.5m	35.5K	−4.2% Reduced
CCitigroup	0.16%	$12.4m	88.3K	−1.4% Reduced
GEVGE Vernova	0.15%	$12.3m	10.4K	+0.7% Added
AXPAmerican Express	0.14%	$11.0m	32.5K	+5.6% Added
MRKMerck & Co.	0.14%	$10.9m	84.8K	+2.0% Added
LMTLockheed Martin	0.14%	$10.7m	21.1K	−0.7% Reduced
KOThe Coca-Cola Company	0.14%	$10.7m	131.9K	+24.9% Added
PGProcter & Gamble	0.13%	$10.6m	72.5K	+8.7% Added
ORCLOracle Corporation	0.13%	$10.4m	71.1K	+6.8% Added
UBERUber	0.13%	$10.1m	139.4K	−5.6% Reduced
BKNGBooking Holdings	0.13%	$10.0m	55.9K	+2244.0% Added
WFCWells Fargo	0.12%	$9.8m	118.3K	+8.1% Added
GLWCorning Inc.	0.12%	$9.8m	38.1K	−5.5% Reduced
WSEWise Group plc	0.12%	$9.3m	783.9K	New
ASMLAsml Holding NV	0.11%	$9.0m	4.5K	−1.0% Reduced
NFLXNetflix	0.11%	$8.8m	122.7K	0.0%
TJXTJX Companies	0.11%	$8.8m	57.8K	+8.9% Added
PANWPalo Alto Networks	0.11%	$8.7m	25.5K	−0.5%
DASHDoorDash	0.11%	$8.7m	47.0K	−1.5% Reduced
TXG10x Genomics, Inc.	0.11%	$8.6m	225.4K	−16.5% Reduced
IBMIBM	0.10%	$8.3m	29.3K	−1.6% Reduced
MNSTMonster Beverage	0.10%	$8.2m	85.6K	0.0%
DEDeere & Company	0.10%	$8.1m	12.7K	+4.8% Added
ADIAnalog Devices	0.10%	$7.9m	20.0K	−4.1% Reduced
LINLinde plc	0.10%	$7.9m	15.3K	+5.0% Added
FITBFifth Third Bancorp	0.10%	$7.9m	139.7K	−10.7% Reduced
CRMSalesforce	0.10%	$7.8m	49.5K	+1.4% Added
TERTeradyne	0.09%	$7.3m	15.0K	−21.8% Reduced
ALLAllstate	0.09%	$7.2m	30.3K	+3.5% Added
SOFISoFi Technologies, Inc.	0.09%	$7.2m	399.3K	−5.1% Reduced
MSMorgan Stanley	0.09%	$7.1m	34.2K	0.0%
QCOMQualcomm	0.09%	$7.1m	38.3K	+2.6% Added
MOAltria	0.09%	$7.1m	98.1K	−7.1% Reduced
MARMarriott International	0.09%	$7.1m	19.0K	−3.0% Reduced
ETNEaton Corporation	0.09%	$7.0m	16.5K	−0.5% Reduced
DVADaVita	0.09%	$7.0m	31.7K	−1.2% Reduced
CLColgate-Palmolive	0.09%	$7.0m	76.1K	+11.3% Added
PGRProgressive Corporation	0.09%	$7.0m	31.7K	+7.9% Added
STXSeagate Technology	0.09%	$6.9m	7.1K	−23.9% Reduced
COINCoinbase	0.09%	$6.8m	46.7K	−5.9% Reduced
VZVerizon	0.09%	$6.8m	160.6K	+10.4% Added
PEPPepsiCo	0.09%	$6.8m	50.1K	+10.5% Added
NEENextEra Energy	0.09%	$6.7m	76.9K	+3.4% Added
MASMasco	0.09%	$6.7m	82.8K	+3.2% Added
MRVLMarvell Technology	0.08%	$6.7m	22.5K	−19.2% Reduced
CSXCSX Corporation	0.08%	$6.7m	140.2K	+4.4% Added
SPGSimon Property Group	0.08%	$6.6m	29.3K	−3.1% Reduced
DELLDell Technologies	0.08%	$6.5m	15.1K	−5.2% Reduced
TMOThermo Fisher Scientific	0.08%	$6.5m	13.0K	−0.6% Reduced
CMICummins	0.08%	$6.4m	8.9K	−7.4% Reduced
PHParker Hannifin	0.08%	$6.2m	6.4K	−4.7% Reduced
MPCMarathon Petroleum	0.08%	$6.2m	24.4K	−0.7% Reduced
TXNTexas Instruments	0.08%	$6.2m	20.7K	+4.5% Added
CBChubb Limited	0.08%	$6.2m	18.1K	+15.4% Added
JAZZJazz Pharmaceuticals plc	0.08%	$6.1m	25.4K	+2.4% Added
AMGNAmgen	0.07%	$6.0m	16.5K	+2.3% Added
GDGeneral Dynamics	0.07%	$6.0m	16.8K	−2.2% Reduced
BLKBlackRock	0.07%	$5.9m	6.2K	+2.9% Added
UNPUnion Pacific Corporation	0.07%	$5.9m	21.6K	+10.1% Added
TAT&T	0.07%	$5.8m	280.9K	−6.8% Reduced
MPWRMonolithic Power Systems, Inc.	0.07%	$5.8m	4.2K	−3.6% Reduced
CRWVCoreweave, Inc.	0.07%	$5.8m	57.9K	New
COPConocoPhillips	0.07%	$5.7m	55.2K	+4.8% Added
KRMNKarman Holdings Inc.	0.07%	$5.7m	114.6K	+9.2% Added
EDConsolidated Edison	0.07%	$5.7m	51.6K	+9.3% Added
ABNBAirbnb	0.07%	$5.7m	39.8K	−6.8% Reduced
JBHTJ.B. Hunt	0.07%	$5.7m	19.6K	+1.9% Added
TNETTrinet Group, Inc.	0.07%	$5.7m	114.4K	+0.4%
COFCapital One	0.07%	$5.6m	28.1K	+9.7% Added
MSIMotorola Solutions	0.07%	$5.6m	13.4K	+13.0% Added
ABTAbbott Laboratories	0.07%	$5.6m	61.3K	−0.3%
GILDGilead Sciences	0.07%	$5.6m	44.0K	+0.3%
EBAYeBay Inc.	0.07%	$5.5m	49.0K	+1.4% Added
HWMHowmet Aerospace	0.07%	$5.4m	20.1K	+1.9% Added
DISThe Walt Disney Company	0.07%	$5.3m	55.3K	+10.8% Added
FERGFerguson Enterprises	0.07%	$5.3m	22.4K	−0.6% Reduced
CVSCVS Health	0.07%	$5.3m	51.0K	−4.5% Reduced
CARRCarrier Global	0.07%	$5.3m	71.7K	−24.6% Reduced
MCDMcDonald's	0.07%	$5.2m	19.2K	−22.7% Reduced
RBRKRubrik, Inc.	0.07%	$5.2m	64.4K	−1.9% Reduced
CRUSCirrus Logic, Inc.	0.06%	$5.1m	34.5K	+5.8% Added
DALDelta Air Lines	0.06%	$5.0m	53.9K	−4.5% Reduced
PFEPfizer	0.06%	$5.0m	209.1K	−4.2% Reduced
LHXL3Harris	0.06%	$5.0m	17.1K	−1.8% Reduced
SBUXStarbucks	0.06%	$4.9m	48.3K	+2.6% Added
MKSIMKS Inc	0.06%	$4.9m	11.0K	−27.6% Reduced
JCIJohnson Controls	0.06%	$4.9m	33.6K	+2.4% Added
ORLYO'Reilly Automotive	0.06%	$4.9m	53.2K	+12.9% Added
LIILennox International	0.06%	$4.9m	8.5K	−7.6% Reduced
CPRTCopart	0.06%	$4.8m	171.7K	+8.1% Added
EMREmerson Electric	0.06%	$4.8m	33.6K	+8.3% Added
QXOQXO, Inc.	0.06%	$4.8m	278.3K	+15.1% Added
APPApplovin Corp	0.06%	$4.8m	9.3K	−4.2% Reduced
KRKroger	0.06%	$4.8m	86.1K	+2.9% Added
SGISomnigroup International Inc.	0.06%	$4.7m	60.2K	+11.6% Added
PWRQuanta Services	0.06%	$4.7m	6.5K	+10.1% Added
ADPAutomatic Data Processing	0.06%	$4.7m	21.0K	+21.7% Added
WYWeyerhaeuser	0.06%	$4.7m	194.7K	+3.4% Added
NEMNewmont	0.06%	$4.6m	49.4K	−2.2% Reduced
RAMPLiveramp Holdings, Inc.	0.06%	$4.6m	122.0K	+0.1%
BABoeing	0.06%	$4.6m	21.1K	+0.9% Added
ALSNAllison Transmission Holdings Inc	0.06%	$4.6m	40.5K	+13.2% Added

Company	Bought (value)	Shares
MSFTMicrosoft Corporation	$14.3m	38.4K
KLACKLA Corporation	$13.0m	43.2K
BKNGBooking Holdings	$9.5m	53.5K
WSEWise Group plc	$9.3m	783.9K
CRWVCoreweave, Inc.	$5.8m	57.9K
CCLCarnival Corporation	$3.5m	122.1K
DDDuPont	$3.0m	22.0K
HONHoneywell Technologies	$2.7m	12.1K
HONAHoneywell Aerospace	$2.7m	12.1K
AMZNAmazon	$2.6m	11.1K
KLARKlarna Group plc	$2.3m	114.0K
KOThe Coca-Cola Company	$2.1m	26.3K
NVDANVIDIA Corporation	$2.0m	9.8K
PJTPJT Partners Inc.	$1.9m	12.4K
GISGeneral Mills	$1.8m	51.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
WDCWestern Digital	−$5.4m	−8.4K
EXPDExpeditors International	−$4.8m	−29.5K
OKTAOkta, Inc.	−$4.2m	−30.7K
METAMeta Platforms	−$3.5m	−6.2K
APHAmphenol	−$3.4m	−19.5K
MRCYMercury Systems Inc	−$3.0m	−24.1K
MUMicron Technology	−$2.6m	−2.2K
HPEHewlett Packard Enterprise	−$2.3m	−51.3K
CMCSAComcast	−$2.2m	−90.7K
PFGCPerformance Food Group Co	−$2.2m	−19.8K
STXSeagate Technology	−$2.2m	−2.2K
TERTeradyne	−$2.0m	−4.2K
ARMKAramark	−$1.9m	−33.4K
MKSIMKS Inc	−$1.9m	−4.2K
ANETArista Networks	−$1.8m	−10.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
CALYCallaway Golf Co	$1.2m	90.1K
FCFFirst Commonwealth Financial Corp	$718,846	40.9K
XXITwenty One Capital, Inc.	$400,000	62.5K
ARCCAres Capital Corp	$317,239	17.6K
RYAAYRyanair Holdings PLC	$313,396	5.4K
DFTXDefinium Therapeutics, Inc.	$245,700	13.0K
FUTUFutu Holdings Ltd	$233,996	1.7K
CTSCTS Corp	$227,433	4.8K
MURMurphy OIL Corp	$223,039	5.4K
NICENice Ltd.	$219,528	2.0K
VIAVia Transportation, Inc.	$209,130	13.9K
STWDStarwood Property Trust, Inc.	$208,155	12.1K
INRInfinity Natural Resources, Inc.	$193,604	11.0K
NTSKNetskope Inc	$94,044	11.1K
NABLN-able, Inc.	$91,495	19.6K
COTYCoty Inc.	$44,509	22.1K
ACVAACV Auctions Inc.	$42,710	10.1K

Technology37.1%
Industrials12.7%
Financials11.8%
Consumer Discretionary11.2%
Health Care7.4%
Communication Services6.4%
Consumer Staples4.1%
Utilities2.5%
Real Estate2.5%
Materials2.2%
Energy1.9%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 20, 2021 to November 2, 2026	+9.0%	+12.3%	0.32	0.56	−49.6%	1.33
Last three yearsNovember 3, 2023 to November 2, 2026	+27.1%	+21.8%	1.16	1.16	−24.5%	1.24
Last yearNovember 7, 2025 to November 2, 2026	+14.1%	+14.2%	0.75	0.84	−9.8%	1.05

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.