Summit Financial, LLC

CIK 0001765536 · Q2 2026

13F Equity AUM

$9.1B

+16.2% QoQ

Positions

1,580

+183 QoQ

AUM Rank

#555

Top 6%

Skill Alpha (FF)

-1.6%/yr^ns

No Clear Edge

Rank #5,198 · Top 63%

vs S&P -3.0%/yr (unadj.)

Quarters Tracked

~7 years

Portfolio Concentration

Top 5: 16.7%Top 10: 23.5%Top 20: 32.3%

VTI7.1%

VEU3.2%

IVV2.5%

AAPL2.2%

VUG1.7%

NVDA1.7%

VTV1.4%

VOO1.3%

SPY1.2%

QQQM1.2%

Others (1570)76.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services70.8%

Technology11.7%

Consumer Cyclical2.9%

Healthcare2.9%

Industrials2.7%

Other9.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 1580Median: 0.01%Avg: 0.06%

0–0.5%

1552(63.2%)

0.5–1%

16(11.3%)

1–3%

10(15.2%)

3–5%

1(3.2%)

5%+

1(7.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 1,580vs 20 funds

0%Low

1,580

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New245Increased774Decreased514Exited63

New Positions

GBND0.2%

+397K

FIRST TR EXCHANGE-TR…0.1%

+476K

FTXR0.1%

+189K

GIGL0.1%

+154K

FTXN0.1%

+215K

SNDK0.1%

+3K

IALT0.1%

+181K

H0.1%

+24K

PCG0.1%

+261K

SPACE EXPLORATION TE…0.1%

+27K

Increased

VUG1.7%

+1.5M(+538%)

ICSH0.7%

+1.1M(+1380%)

IBDT0.3%

+541K(+99%)

VO0.5%

+459K(+359%)

MFM0.0%

+393K(+700%)

FXN0.1%

+364K(+233%)

PYLD0.8%

+351K(+14%)

WEN0.0%

+217K(+770%)

UCON0.1%

+195K(+362%)

VOOG0.2%

+192K(+483%)

Decreased

IBDY0.3%

-895,423(-44%)

IBDZ0.3%

-700,652(-40%)

IBDW0.3%

-500,254(-26%)

IBDX0.3%

-424,395(-27%)

AIQ0.1%

-407,598(-85%)

VXX0.0%

-323,822(-95%)

TLT0.0%

-313,708(-88%)

MLN0.0%

-279,654(-75%)

SHV0.1%

-253,956(-67%)

MGF0.0%

-220,064(-17%)

Exited

-500,927

-590,262

-148,944

-24,830

-123,017

-109,802

-145,062

-38,431

-82,106

-20,458

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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