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SAM
Summit Asset Management Portfolio holdings
AUM
$719M
1-Year Est. Return
13.76%
This Fund
S&P 500
This Quarter
Est. Return
-3.06%
1 Year Est. Return
+13.76%
3 Year Est. Return
+43.33%
5 Year Est. Return
+50.4%
10 Year Est. Return
+171.54%
AUM
$368M
AUM Growth
-$11.2M
(-2.9%)
Cap. Flow
-$52.2M
Cap. Flow
% of AUM
-14.18%
Top 10 Holdings %
Top 10 Hldgs %
55.43%
Holding
156
New
3
Increased
51
Reduced
33
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AutoZone
AZO
|
+$627K |
| 2 |
VanEck Morningstar Wide Moat ETF
MOAT
|
+$473K |
| 3 |
IBDQ
iShares iBonds Dec 2025 Term Corporate ETF
IBDQ
|
+$462K |
| 4 |
IBDP
iShares iBonds Dec 2024 Term Corporate ETF
IBDP
|
+$404K |
| 5 |
Schwab US Dividend Equity ETF
SCHD
|
+$379K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$53.9M |
| 2 |
Progressive
PGR
|
+$1.3M |
| 3 |
TJX Companies
TJX
|
+$688K |
| 4 |
Moderna
MRNA
|
+$252K |
| 5 |
Expeditors International
EXPD
|
+$232K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 6.2% |
| 2 | Technology | 4.51% |
| 3 | Consumer Discretionary | 3.25% |
| 4 | Healthcare | 2.74% |
| 5 | Industrials | 2.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
American Express
AXP
$229B
| – | – |
-1,315
| Closed | -$229K |
|
152
Canadian National Railway
CNI
$78B
| – | – |
-1,760
| Closed | -$213K |
|
153
CSX Corp
CSX
$96B
| – | – |
-6,264
| Closed | -$214K |
|
154
Enbridge
ENB
$121B
| – | – |
-5,528
| Closed | -$205K |
|
|
155
Moderna
MRNA
$22.1B
| – | – |
-2,070
| Closed | -$252K |
|
156
Qualcomm
QCOM
$179B
| – | – |
-1,703
| Closed | -$203K |
|
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Summit Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Summit Asset Management held 156 positions worth $368M, down 2.9% from $379M the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Summit Asset Management withdrew a net $52.2M in Q3 2023, closing 6 positions and reducing 33 holdings. Its most notable exit was Moderna, an estimated $252K position sold in full.
By sector, the portfolio is most concentrated in Financials at 6.2% of assets, down from 6.4% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Summit Asset Management opened a new position in Deere & Co worth $313K.
- Summit Asset Management's largest Q3 2023 buy was Deere & Co: 830 shares worth $313K.
- Summit Asset Management added most to AutoZone in Q3 2023, an estimated $627K increase.
- Summit Asset Management's biggest Q3 2023 reduction was Berkshire Hathaway Class A, cutting an estimated $53.9M.
- Summit Asset Management fully exited Moderna in Q3 2023, selling an estimated $252K.
- Summit Asset Management's ten largest holdings make up 55% of its $368M portfolio in Q3 2023.
- Summit Asset Management opened 3 new positions and closed 6 in Q3 2023.
- Summit Asset Management's portfolio value fell 2.9% quarter-over-quarter to $368M.
Based on Summit Asset Management's 13F filing for Q3 2023, filed 6 Nov 2023.