Summit Wealth & Retirement Planning, Inc 13F annual report
Summit Wealth & Retirement Planning, Inc is an investment fund managing more than $280 billion ran by Donald Mccloskey. There are currently 45 companies in Mr. Mccloskey’s portfolio. The largest investments include Schwab Strategic Tr and Vanguard World Fd, together worth $162 billion.
$280 billion Assets Under Management (AUM)
As of 2nd May 2024, Summit Wealth & Retirement Planning, Inc’s top holding is 2,280,872 shares of Schwab Strategic Tr currently worth over $127 billion and making up 45.5% of the portfolio value.
In addition, the fund holds 184,402 shares of Vanguard World Fd worth $34.5 billion.
The third-largest holding is Litman Gregory Fds Tr worth $17.8 billion and the next is Abrdn Precious Metals Basket worth $12.9 billion, with 134,886 shares owned.
Currently, Summit Wealth & Retirement Planning, Inc's portfolio is worth at least $280 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 Wealth & Retirement Planning, Inc
The Summit Wealth & Retirement Planning, Inc office and employees reside in San Ramon, California. According to the last 13-F report filed with the SEC, Donald Mccloskey serves as the Chief Operating Officer at Summit Wealth & Retirement Planning, Inc.
Recent trades
In the most recent 13F filing, Summit Wealth & Retirement Planning, Inc revealed that it had opened a new position in
EA Series Trust and bought 111,443 shares worth $11.9 billion.
This means they effectively own approximately 0.1% of the company.
EA Series Trust makes up
100.0%
of the fund's Miscellaneous sector allocation and has grown its share price by 1.9% in the past year.
The investment fund also strengthened its position in Schwab Strategic Tr by buying
103,738 additional shares.
This makes their stake in Schwab Strategic Tr total 2,280,872 shares worth $127 billion.
On the other hand, there are companies that Summit Wealth & Retirement Planning, Inc is getting rid of from its portfolio.
Summit Wealth & Retirement Planning, Inc closed its position in Kraneshares Tr on 9th May 2024.
It sold the previously owned 227,953 shares for $6.57 billion.
Donald Mccloskey also disclosed a decreased stake in Vanguard Scottsdale Fds by approximately 0.1%.
This leaves the value of the investment at $2.78 billion and 47,496 shares.
One of the smaller hedge funds
The two most similar investment funds to Summit Wealth & Retirement Planning, Inc are Aries Wealth Management and Citizens & Northern Corp. They manage $280 billion and $280 billion respectively.
Donald Mccloskey investment strategy
Summit Wealth & Retirement Planning, Inc’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Miscellaneous — making up 4.2% of
the total portfolio value.
The fund focuses on investments in the United States as
46.7% 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
47% of the total holdings value.
On the other hand, small-cap stocks make up only 2.2% of the portfolio.
The average market cap of the portfolio companies is close to $472 billion.
The complete list of Summit Wealth & Retirement Planning, Inc trades based on 13F SEC filings
These positions were updated on May 9th 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 |
|---|---|---|---|
| Schwab Strategic Tr |
4.76%
2,280,872
|
$127,493,598,000 | 45.53% |
| Vanguard World Fd |
2.32%
184,402
|
$34,459,202,000 | 12.31% |
| Litman Gregory Fds Tr |
90.80%
618,956
|
$17,751,658,000 | 6.34% |
| Abrdn Precious Metals Basket |
1.34%
134,886
|
$12,881,613,000 | 4.60% |
| Ishares Tr |
2.28%
345,933
|
$36,339,891,000 | 12.98% |
| EA Series Trust |
Opened
111,443
|
$11,864,222,000 | 4.24% |
| Spdr S&p 500 Etf Tr |
2.20%
14,597
|
$7,635,253,000 | 2.73% |
| Kraneshares Tr |
Closed
227,953
|
$6,569,605,000 | |
| Apple Inc |
52.69%
23,261
|
$3,988,743,000 | 1.42% |
| Microsoft Corporation |
48.12%
7,415
|
$3,119,639,000 | 1.11% |
| Vanguard Scottsdale Fds |
3.46%
47,496
|
$2,780,891,000 | 0.99% |
| Alphabet Inc |
37.71%
17,879
|
$2,707,347,000 | 0.97% |
| JPMorgan Chase & Co. |
8.23%
8,413
|
$1,685,124,000 | 0.60% |
| Vanguard Bd Index Fds |
Closed
18,759
|
$1,444,818,000 | |
| Copart, Inc. |
79.76%
24,052
|
$1,393,092,000 | 0.50% |
| BILL Holdings Inc |
Closed
15,000
|
$1,223,850,000 | |
| Vanguard Index Fds |
18.26%
9,920
|
$2,115,554,000 | 0.76% |
| NVIDIA Corp |
8.56%
1,143
|
$1,032,769,000 | 0.37% |
| Vanguard Bd Index Fds |
3.45%
11,327
|
$854,056,000 | 0.31% |
| Simpson Mfg Inc |
130.70%
3,945
|
$809,435,000 | 0.29% |
| Berkshire Hathaway Inc. |
60.04%
1,714
|
$720,771,000 | 0.26% |
| Merck & Co Inc |
1.47%
4,693
|
$619,203,000 | 0.22% |
| Vanguard Tax-managed Fds |
1.25%
11,034
|
$553,596,000 | 0.20% |
| Amazon.com Inc. |
18.28%
2,944
|
$531,039,000 | 0.19% |
| Tesla Inc |
4.77%
2,972
|
$522,448,000 | 0.19% |
| Home Depot, Inc. |
17.06%
1,322
|
$507,023,000 | 0.18% |
| Vanguard Whitehall Fds |
No change
4,086
|
$494,365,000 | 0.18% |
| Bank America Corp |
Opened
12,770
|
$484,234,000 | 0.17% |
| Chipotle Mexican Grill |
No change
162
|
$470,897,000 | 0.17% |
| Ishares Tr |
Opened
3,944
|
$672,642,000 | 0.24% |
| Procter And Gamble Co |
15.00%
2,692
|
$436,796,000 | 0.16% |
| Pioneer Nat Res Co |
No change
1,591
|
$417,657,000 | 0.15% |
| Disney Walt Co |
13.72%
3,331
|
$407,557,000 | 0.15% |
| Qualcomm, Inc. |
Opened
2,295
|
$388,487,000 | 0.14% |
| Chevron Corp. |
Closed
2,425
|
$361,659,000 | |
| Johnson & Johnson |
Opened
2,230
|
$352,764,000 | 0.13% |
| Palo Alto Networks Inc |
5.51%
1,235
|
$350,901,000 | 0.13% |
| Costco Whsl Corp New |
16.97%
460
|
$337,010,000 | 0.12% |
| Meta Platforms Inc |
Opened
650
|
$315,627,000 | 0.11% |
| State Str Corp |
Opened
4,022
|
$310,981,000 | 0.11% |
| Advanced Micro Devices Inc. |
8.23%
1,595
|
$287,882,000 | 0.10% |
| Visa Inc |
24.12%
928
|
$258,986,000 | 0.09% |
| Exxon Mobil Corp. |
Opened
2,141
|
$248,890,000 | 0.09% |
| Cisco Sys Inc |
Opened
4,941
|
$246,607,000 | 0.09% |
| Vanguard Index Fds |
Opened
1,567
|
$244,311,000 | 0.09% |
| AMGEN Inc. |
6.44%
826
|
$234,875,000 | 0.08% |
| Abbvie Inc |
Opened
1,250
|
$227,625,000 | 0.08% |
| First Tr Exchange-traded Fd |
Opened
2,647
|
$226,684,000 | 0.08% |
| Cambria Etf Tr |
Opened
2,986
|
$218,784,000 | 0.08% |
| Brightspire Capital Inc |
Closed
10,928
|
$81,304,000 | |
| No transactions found | |||
| Showing first 500 out of 50 holdings | |||
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