Summit Strategies 13F annual report
Summit Strategies is an investment fund managing more than $803 billion ran by Timothy Swain. There are currently 92 companies in Mr. Swain’s portfolio. The largest investments include Dimensional Etf Trust and Schwab Strategic Tr, together worth $346 billion.
$803 billion Assets Under Management (AUM)
As of 12th July 2024, Summit Strategies’s top holding is 5,863,681 shares of Dimensional Etf Trust currently worth over $165 billion and making up 20.5% of the portfolio value.
In addition, the fund holds 2,972,426 shares of Schwab Strategic Tr worth $181 billion.
The third-largest holding is Ishares Tr worth $151 billion and the next is Fidelity Merrimack Str Tr worth $58.2 billion, with 1,295,739 shares owned.
Currently, Summit Strategies's portfolio is worth at least $803 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Summit Strategies
The Summit Strategies office and employees reside in Columbus, Ohio. According to the last 13-F report filed with the SEC, Timothy Swain serves as the Chief Compliance Officer at Summit Strategies.
Recent trades
In the most recent 13F filing, Summit Strategies revealed that it had opened a new position in
Pimco Etf Tr and bought 9,683 shares worth $483 million.
The investment fund also strengthened its position in Dimensional Etf Trust by buying
721,201 additional shares.
This makes their stake in Dimensional Etf Trust total 5,863,681 shares worth $165 billion.
On the other hand, there are companies that Summit Strategies is getting rid of from its portfolio.
Summit Strategies closed its position in D.R. Horton on 19th July 2024.
It sold the previously owned 1,885 shares for $310 million.
Timothy Swain also disclosed a decreased stake in Ishares Tr by approximately 0.1%.
This leaves the value of the investment at $151 billion and 1,162,305 shares.
One of the average hedge funds
The two most similar investment funds to Summit Strategies are Steigerwald, Gordon & Koch and Cdam (uk) Ltd. They manage $804 billion and $804 billion respectively.
Timothy Swain investment strategy
Summit Strategies’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 2.3% of
the total portfolio value.
The fund focuses on investments in the United States as
42.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
33% of the total holdings value.
On the other hand, small-cap stocks make up only 3.3% of the portfolio.
The average market cap of the portfolio companies is close to $293 billion.
The complete list of Summit Strategies trades based on 13F SEC filings
These positions were updated on July 19th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Dimensional Etf Trust |
14.02%
5,863,681
|
$164,718,258,000 | 20.50% |
| Schwab Strategic Tr |
2.64%
2,972,426
|
$181,128,043,000 | 22.54% |
| Ishares Tr |
1.51%
1,162,305
|
$151,375,908,000 | 18.84% |
| Fidelity Merrimack Str Tr |
4,345.99%
1,295,739
|
$58,217,554,000 | 7.25% |
| American Centy Etf Tr |
4.15%
782,028
|
$47,782,876,000 | 5.95% |
| Packaging Corp Amer |
5.45%
234,495
|
$42,809,407,000 | 5.33% |
| Vanguard Index Fds |
3.48%
174,358
|
$46,144,574,000 | 5.74% |
| Apple Inc |
0.48%
70,796
|
$14,911,095,000 | 1.86% |
| Berkshire Hathaway Inc. |
2.21%
30,977
|
$12,601,444,000 | 1.57% |
| Microsoft Corporation |
1.42%
23,913
|
$10,688,102,000 | 1.33% |
| Walmart Inc |
0.90%
87,149
|
$5,900,865,000 | 0.73% |
| Vanguard Tax-managed Fds |
1.13%
91,375
|
$4,515,736,000 | 0.56% |
| J P Morgan Exchange Traded F |
1,731.35%
72,265
|
$3,640,349,000 | 0.45% |
| Vanguard Intl Equity Index F |
4.14%
104,324
|
$5,288,482,000 | 0.66% |
| Spdr S&p 500 Etf Tr |
0.58%
5,204
|
$2,832,296,000 | 0.35% |
| Civista Bancshares Inc |
3.16%
148,858
|
$2,305,810,000 | 0.29% |
| JPMorgan Chase & Co. |
3.45%
10,833
|
$2,191,155,000 | 0.27% |
| Spdr Gold Tr |
1.66%
10,080
|
$2,167,301,000 | 0.27% |
| Eli Lilly & Co |
1.13%
2,094
|
$1,895,947,000 | 0.24% |
| Procter And Gamble Co |
10.03%
11,155
|
$1,839,699,000 | 0.23% |
| Vanguard Bd Index Fds |
1.42%
26,303
|
$1,991,717,000 | 0.25% |
| NVIDIA Corp |
689.23%
12,604
|
$1,557,041,000 | 0.19% |
| Amazon.com Inc. |
5.26%
7,743
|
$1,496,409,000 | 0.19% |
| Tesla Inc |
17.14%
7,311
|
$1,446,799,000 | 0.18% |
| Exxon Mobil Corp. |
5.40%
11,844
|
$1,363,481,000 | 0.17% |
| Energy Transfer L P |
No change
84,007
|
$1,362,594,000 | 0.17% |
| Park Natl Corp |
No change
9,144
|
$1,301,551,000 | 0.16% |
| Alphabet Inc |
1.52%
10,213
|
$1,864,324,000 | 0.23% |
| Applied Matls Inc |
1.36%
5,421
|
$1,279,302,000 | 0.16% |
| Texas Instrs Inc |
0.10%
5,791
|
$1,126,523,000 | 0.14% |
| Vanguard Admiral Fds Inc |
No change
13,746
|
$1,358,970,000 | 0.17% |
| Lancaster Colony Corp. |
No change
5,031
|
$950,708,000 | 0.12% |
| Abbott Labs |
0.28%
8,567
|
$890,161,000 | 0.11% |
| Abbvie Inc |
0.35%
5,087
|
$872,505,000 | 0.11% |
| Johnson & Johnson |
0.71%
5,714
|
$835,098,000 | 0.10% |
| Ecolab, Inc. |
No change
3,177
|
$756,126,000 | 0.09% |
| Worthington Enterprises Inc. |
0.44%
15,586
|
$737,704,000 | 0.09% |
| Unitedhealth Group Inc |
3.24%
1,403
|
$714,379,000 | 0.09% |
| Merck & Co Inc |
4.02%
5,400
|
$668,522,000 | 0.08% |
| Caterpillar Inc. |
5.57%
1,985
|
$661,214,000 | 0.08% |
| Eaton Corp Plc |
0.46%
1,931
|
$605,465,000 | 0.08% |
| Spdr Ser Tr |
62.53%
8,635
|
$552,628,000 | 0.07% |
| Mettler-Toledo International, Inc. |
No change
380
|
$531,084,000 | 0.07% |
| Worthington Stl Inc |
0.44%
15,585
|
$519,923,000 | 0.06% |
| Bank New York Mellon Corp |
No change
8,450
|
$506,071,000 | 0.06% |
| Mcdonalds Corp |
1.63%
1,938
|
$493,933,000 | 0.06% |
| Pimco Etf Tr |
Opened
9,683
|
$482,891,000 | 0.06% |
| Cincinnati Finl Corp |
No change
4,052
|
$478,541,000 | 0.06% |
| Home Depot, Inc. |
0.44%
1,356
|
$466,961,000 | 0.06% |
| Direxion Shs Etf Tr |
6.11%
3,076
|
$449,311,000 | 0.06% |
| Kroger Co. |
0.06%
8,957
|
$447,227,000 | 0.06% |
| American Elec Pwr Co Inc |
0.28%
5,028
|
$441,117,000 | 0.05% |
| AMGEN Inc. |
No change
1,400
|
$437,430,000 | 0.05% |
| Widepoint Corp |
170.48%
103,068
|
$431,855,000 | 0.05% |
| Disney Walt Co |
2.29%
4,275
|
$424,471,000 | 0.05% |
| Vanguard World Fd |
No change
3,759
|
$963,752,000 | 0.12% |
| Installed Bldg Prods Inc |
No change
2,050
|
$421,644,000 | 0.05% |
| Chevron Corp. |
1.43%
2,622
|
$410,133,000 | 0.05% |
| Huntington Bancshares, Inc. |
2.52%
30,955
|
$407,988,000 | 0.05% |
| Deere & Co. |
0.57%
1,046
|
$390,817,000 | 0.05% |
| Invesco Exchange Traded Fd T |
No change
9,239
|
$350,616,000 | 0.04% |
| Vanguard Malvern Fds |
2.42%
7,104
|
$344,828,000 | 0.04% |
| Ishares Silver Tr |
No change
12,773
|
$339,379,000 | 0.04% |
| Bank America Corp |
5.53%
8,497
|
$337,906,000 | 0.04% |
| Costco Whsl Corp New |
3.39%
397
|
$337,464,000 | 0.04% |
| Goldman Sachs Etf Tr |
No change
3,085
|
$329,941,000 | 0.04% |
| D.R. Horton Inc. |
Closed
1,885
|
$310,177,000 | |
| Greif Inc |
No change
4,893
|
$281,201,000 | 0.04% |
| Nike, Inc. |
0.85%
3,725
|
$280,760,000 | 0.03% |
| Lockheed Martin Corp. |
No change
598
|
$279,326,000 | 0.03% |
| Ishares Gold Tr |
No change
6,265
|
$275,221,000 | 0.03% |
| Starbucks Corp. |
Closed
2,919
|
$266,747,000 | |
| Invesco Exch Traded Fd Tr Ii |
No change
8,069
|
$260,787,000 | 0.03% |
| Spdr Ser Tr |
Opened
2,731
|
$250,651,000 | 0.03% |
| Ishares Tr |
Closed
2,762
|
$248,304,000 | |
| Pepsico Inc |
26.93%
1,503
|
$247,890,000 | 0.03% |
| DTE Energy Co. |
No change
2,133
|
$236,784,000 | 0.03% |
| Medtronic Plc |
8.70%
2,992
|
$235,474,000 | 0.03% |
| Select Sector Spdr Tr |
8.52%
8,003
|
$445,647,000 | 0.06% |
| Intel Corp. |
7.46%
7,365
|
$228,090,000 | 0.03% |
| Union Pac Corp |
2.52%
977
|
$221,056,000 | 0.03% |
| Qcr Holdings Inc |
No change
3,614
|
$216,840,000 | 0.03% |
| Upstart Holdings, Inc. |
15.92%
9,176
|
$216,462,000 | 0.03% |
| Prologis Inc |
No change
1,900
|
$213,389,000 | 0.03% |
| Enterprise Prods Partners L |
No change
7,178
|
$208,018,000 | 0.03% |
| Meta Platforms Inc |
39.20%
411
|
$207,377,000 | 0.03% |
| Verizon Communications Inc |
0.69%
4,969
|
$204,938,000 | 0.03% |
| Starwood Ppty Tr Inc |
No change
10,723
|
$203,094,000 | 0.03% |
| General Electric Co |
Closed
1,151
|
$202,081,000 | |
| Vanguard Charlotte Fds |
Closed
4,087
|
$201,040,000 | |
| Calamos Conv & High Income F |
No change
16,489
|
$184,017,000 | 0.02% |
| Under Armour Inc |
24.88%
19,415
|
$126,780,000 | 0.02% |
| Cardlytics Inc |
No change
14,000
|
$114,940,000 | 0.01% |
| agilon health, inc. |
3.84%
16,569
|
$108,361,000 | 0.01% |
| 5e Advanced Materials Inc |
19.49%
44,280
|
$53,579,000 | 0.01% |
| Myomo Inc |
No change
10,000
|
$32,100,000 | 0.00% |
| Iveda Solutions Inc |
No change
10,000
|
$5,080,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 97 holdings | |||
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