Summit Wealth Advisors 13F annual report

Summit Wealth Advisors is an investment fund managing more than $493 billion ran by David Daniel. There are currently 120 companies in Mr. Daniel’s portfolio. The largest investments include First Tr Exchng Traded Fd Vi and Schwab Strategic Tr, together worth $99.4 billion.

Limited to 30 biggest holdings

$493 billion Assets Under Management (AUM)

As of 5th August 2024, Summit Wealth Advisors’s top holding is 1,504,839 shares of First Tr Exchng Traded Fd Vi currently worth over $53.3 billion and making up 10.8% of the portfolio value. In addition, the fund holds 590,488 shares of Schwab Strategic Tr worth $46.1 billion. The third-largest holding is Vanguard Index Fds worth $50.5 billion and the next is Vanguard Whitehall Fds worth $27.4 billion, with 399,977 shares owned.

Currently, Summit Wealth Advisors's portfolio is worth at least $493 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 Advisors

The Summit Wealth Advisors office and employees reside in Lafayette, Louisiana. According to the last 13-F report filed with the SEC, David Daniel serves as the Managing Partner at Summit Wealth Advisors.

Recent trades

In the most recent 13F filing, Summit Wealth Advisors revealed that it had opened a new position in Dimensional Etf Trust and bought 15,170 shares worth $569 million.

The investment fund also strengthened its position in Schwab Strategic Tr by buying 18,675 additional shares. This makes their stake in Schwab Strategic Tr total 590,488 shares worth $46.1 billion.

On the other hand, there are companies that Summit Wealth Advisors is getting rid of from its portfolio. Summit Wealth Advisors closed its position in International Paper Co on 12th August 2024. It sold the previously owned 135,723 shares for $5.3 billion. David Daniel also disclosed a decreased stake in First Tr Exchng Traded Fd Vi by approximately 0.1%. This leaves the value of the investment at $53.3 billion and 1,504,839 shares.

One of the average hedge funds

The two most similar investment funds to Summit Wealth Advisors are Chicago Trust Co Na and Chandler Asset Management. They manage $493 billion and $493 billion respectively.


David Daniel investment strategy

Summit Wealth Advisors’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Industrials — making up 10.3% of the total portfolio value. The fund focuses on investments in the United States as 50.0% 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 43% of the total holdings value. On the other hand, small-cap stocks make up only 2.5% of the portfolio. The average market cap of the portfolio companies is close to $232 billion.

The complete list of Summit Wealth Advisors trades based on 13F SEC filings

These positions were updated on August 12th 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
First Tr Exchng Traded Fd Vi
1.37%
1,504,839
$53,307,831,000 10.81%
Schwab Strategic Tr
3.27%
590,488
$46,122,528,000 9.35%
Vanguard Index Fds
0.08%
154,273
$50,460,711,000 10.23%
Vanguard Whitehall Fds
3.32%
399,977
$27,410,421,000 5.56%
Proshares Tr
2.64%
237,404
$22,821,628,000 4.63%
Ishares Tr
2.88%
919,051
$47,898,603,000 9.72%
Alps Etf Tr
0.46%
303,492
$14,561,569,000 2.95%
Valero Energy Corp.
4.05%
85,473
$13,398,810,000 2.72%
Garmin Ltd
3.49%
74,902
$12,202,966,000 2.48%
RTX Corp
2.33%
107,978
$10,839,954,000 2.20%
Qualcomm, Inc.
3.05%
51,592
$10,276,007,000 2.08%
3M Co.
13.58%
96,487
$9,860,046,000 2.00%
Cummins Inc.
2.64%
34,269
$9,490,179,000 1.92%
Genuine Parts Co.
2.45%
67,260
$9,303,442,000 1.89%
AT&T Inc.
4.06%
486,439
$9,295,858,000 1.89%
Merck & Co Inc
2.94%
71,810
$8,890,083,000 1.80%
Apple Inc
0.22%
38,345
$8,076,315,000 1.64%
Cisco Sys Inc
1.01%
166,535
$7,912,078,000 1.60%
First Tr Morningstar Divid L
3.08%
204,208
$7,745,599,000 1.57%
United Parcel Service, Inc.
3.73%
55,205
$7,554,823,000 1.53%
Sysco Corp.
0.37%
101,123
$7,219,169,000 1.46%
Hancock Whitney Corp.
23.99%
143,970
$6,886,083,000 1.40%
Eaton Corp Plc
3.87%
19,536
$6,125,513,000 1.24%
Exxon Mobil Corp.
0.11%
49,889
$5,743,250,000 1.16%
International Paper Co.
Closed
135,723
$5,295,905,000
Chevron Corp.
0.14%
28,073
$4,391,151,000 0.89%
Microsoft Corporation
5.76%
8,809
$3,937,183,000 0.80%
Invesco Exchange Traded Fd T
No change
21,707
$3,566,026,000 0.72%
Devon Energy Corp.
7.30%
74,908
$3,550,639,000 0.72%
International Business Machs
4.29%
20,451
$3,537,000,000 0.72%
Spdr Ser Tr
47.41%
127,986
$3,483,779,000 0.71%
J P Morgan Exchange Traded F
52.28%
53,465
$3,030,396,000 0.61%
Spdr S&p 500 Etf Tr
0.26%
5,071
$2,759,983,000 0.56%
JPMorgan Chase & Co.
0.70%
9,577
$1,936,973,000 0.39%
Pfizer Inc.
121.00%
69,177
$1,935,572,000 0.39%
First Horizon Corporation
3.58%
107,614
$1,697,073,000 0.34%
Alphabet Inc
2.93%
8,780
$1,610,428,000 0.33%
Walmart Inc
0.28%
23,602
$1,598,116,000 0.32%
Novo-nordisk A S
No change
9,910
$1,414,553,000 0.29%
Amazon.com Inc.
1.38%
7,145
$1,380,771,000 0.28%
Unitedhealth Group Inc
No change
2,511
$1,278,752,000 0.26%
CVS Health Corp
14.66%
21,423
$1,265,242,000 0.26%
Lamb Weston Holdings Inc
No change
13,556
$1,139,788,000 0.23%
Conagra Brands Inc
No change
39,955
$1,135,521,000 0.23%
Broadcom Inc
2.08%
686
$1,101,394,000 0.22%
Select Sector Spdr Tr
20.57%
15,574
$1,903,832,000 0.39%
Invesco Exch Traded Fd Tr Ii
0.01%
24,116
$1,071,491,000 0.22%
Nuveen Mun Value Fd Inc
18.76%
118,885
$1,025,978,000 0.21%
Abbvie Inc
No change
5,750
$986,240,000 0.20%
Global X Fds
19.42%
24,720
$880,774,000 0.18%
Texas Instrs Inc
No change
4,484
$872,273,000 0.18%
Johnson & Johnson
10.20%
5,942
$868,483,000 0.18%
Spdr Gold Tr
20.34%
3,946
$848,429,000 0.17%
Home Bancorp Inc
4.59%
20,752
$830,282,000 0.17%
Tesla Inc
2.26%
4,189
$828,919,000 0.17%
Pepsico Inc
5.05%
4,762
$785,397,000 0.16%
Vanguard Specialized Funds
No change
4,061
$741,414,000 0.15%
Bank America Corp
19.76%
18,185
$723,217,000 0.15%
Mainstay Mackay Definedterm
16.25%
43,546
$721,993,000 0.15%
AMGEN Inc.
0.72%
2,246
$701,763,000 0.14%
Eli Lilly & Co
2.12%
769
$696,675,000 0.14%
Visa Inc
1.78%
2,289
$600,794,000 0.12%
Red River Bancshares, Inc.
7.41%
12,500
$599,875,000 0.12%
Dimensional Etf Trust
Opened
15,170
$568,723,000 0.12%
Waste Mgmt Inc Del
0.16%
2,479
$528,870,000 0.11%
Emcor Group, Inc.
6.01%
1,391
$507,826,000 0.10%
Realty Income Corp.
76.69%
9,080
$479,606,000 0.10%
First Tr Exch Traded Fd Iii
0.77%
27,354
$474,858,000 0.10%
Oneok Inc.
30.35%
5,738
$467,942,000 0.09%
Target Corp
No change
3,024
$447,673,000 0.09%
The Southern Co.
15.19%
5,700
$442,149,000 0.09%
Philip Morris International Inc
0.26%
4,171
$422,612,000 0.09%
Conocophillips
1.15%
3,688
$421,833,000 0.09%
Origin Bancorp Inc
No change
13,217
$419,243,000 0.09%
Boeing Co.
5.82%
2,238
$407,338,000 0.08%
Alps Etf Tr
Opened
7,634
$403,304,000 0.08%
Coca-Cola Co
14.25%
6,156
$391,813,000 0.08%
Bristol-Myers Squibb Co.
24.64%
9,433
$391,752,000 0.08%
Western Asset Inter Muni Fd
7.46%
49,606
$389,903,000 0.08%
Mastercard Incorporated
No change
872
$384,692,000 0.08%
Blackrock Mun Target Term Tr
12.10%
17,075
$354,648,000 0.07%
NVIDIA Corp
Opened
2,807
$346,777,000 0.07%
Costco Whsl Corp New
No change
401
$340,846,000 0.07%
Energy Transfer L P
5.01%
21,004
$340,685,000 0.07%
Bank New York Mellon Corp
No change
5,610
$335,983,000 0.07%
Novartis AG
No change
3,038
$323,425,000 0.07%
Ishares Tr
Opened
3,500
$321,230,000 0.07%
Catalyst Bancorp Inc
No change
26,800
$310,344,000 0.06%
Seagate Technology Hldngs Pl
No change
3,005
$310,326,000 0.06%
Netapp Inc
No change
2,339
$301,263,000 0.06%
HP Inc
Opened
8,582
$300,542,000 0.06%
Wisdomtree Tr
Opened
3,796
$296,278,000 0.06%
VanEck ETF Trust
17.31%
8,600
$291,798,000 0.06%
Procter And Gamble Co
2.26%
1,768
$291,579,000 0.06%
Kimberly-Clark Corp.
4.59%
2,078
$287,180,000 0.06%
Ishares Gold Tr
No change
6,367
$279,702,000 0.06%
First Tr Exchng Traded Fd Vi
Opened
5,767
$279,123,000 0.06%
Newmont Corp
No change
6,439
$269,601,000 0.05%
Nuveen Amt Free Qlty Mun Inc
23.78%
23,400
$268,164,000 0.05%
Linde Plc.
No change
608
$266,796,000 0.05%
Aflac Inc.
12.60%
2,963
$264,626,000 0.05%
Berkshire Hathaway Inc.
6.57%
649
$264,013,000 0.05%
Home Depot, Inc.
0.79%
766
$263,688,000 0.05%
Ford Mtr Co Del
No change
19,303
$242,060,000 0.05%
Dws Mun Income Tr New
1.93%
25,400
$240,538,000 0.05%
Alphabet Inc
Opened
1,303
$237,351,000 0.05%
Blackstone Inc
51.23%
1,908
$236,210,000 0.05%
General Mls Inc
No change
3,550
$224,573,000 0.05%
Invesco Mun Opportunity Tr
22.23%
22,130
$223,070,000 0.05%
Emerson Elec Co
No change
2,000
$220,320,000 0.04%
Allstate Corp (The)
2.41%
1,361
$217,297,000 0.04%
Viking Therapeutics Inc
36.73%
4,095
$217,076,000 0.04%
Blackstone Strategic Cred 20
No change
18,100
$215,209,000 0.04%
Union Pac Corp
No change
950
$214,947,000 0.04%
Phillips 66
Closed
1,312
$214,254,000
Hewlett Packard Enterprise C
Opened
10,106
$213,944,000 0.04%
Ishares Inc
30.90%
1,990
$208,234,000 0.04%
Spdr S&p Midcap 400 Etf Tr
0.26%
386
$206,438,000 0.04%
Simmons 1st Natl Corp
No change
11,590
$203,752,000 0.04%
Archrock Inc
No change
10,000
$202,200,000 0.04%
Altimmune Inc
Opened
27,805
$184,903,000 0.04%
Tellurian Inc
No change
36,035
$24,958,000 0.01%
No transactions found
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