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Summit Capital Management Portfolio holdings

AUM $221M
1-Year Est. Return 4.14%
This Fund
S&P 500
This Quarter Est. Return
-0.66%
1 Year Est. Return
-4.14%
3 Year Est. Return
+12.39%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$221M
AUM Growth
-$26M
Cap. Flow
-$21.7M
Cap. Flow %
-9.79%
Top 10 Hldgs %
55.46%
Holding
78
New
3
Increased
17
Reduced
36
Closed
14

Top Buys

Rank Stock Value
1
GM icon
General Motors
GM
+$2.38M
2
AMGN icon
Amgen
AMGN
+$1.68M
3
EFC
Ellington Financial
EFC
+$1.38M
4
VOD icon
Vodafone
VOD
+$1.07M
5
AAPL icon
Apple
AAPL
+$960K

Top Sells

Rank Stock Value
1
UPS icon
United Parcel Service
UPS
+$8.62M
2
PSEC icon
Prospect Capital
PSEC
+$3.44M
3
CVA
Covanta Holding Corporation
CVA
+$2.19M
4
TAN icon
Invesco Solar ETF
TAN
+$1.72M
5
T icon
AT&T
T
+$1.26M

Sector Composition

Rank Sector Weight
1 Technology 17.62%
2 Healthcare 12.29%
3 Financials 5.62%
4 Industrials 5.23%
5 Energy 4.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$3.74T
$29.4M 13.3%
532,464
-6,583
-1% -$345K
AMGN icon
2
Amgen
AMGN
$220B
$23M 10.39%
153,278
+11,337
+8% +$1.68M
XLY icon
3
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
$13.6M 6.16%
344,316
+9,412
+3% +$351K
QQQ icon
4
Invesco QQQ Trust
QQQ
$482B
$13.5M 6.08%
123,207
+2,633
+2% +$273K
FDN icon
5
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.46B
$13.3M 5.99%
194,050
+4,476
+2% +$294K
XOP icon
6
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.51B
$6.37M 2.88%
52,454
+1,761
+3% +$191K
USB icon
7
US Bancorp
USB
$99.7B
$6.11M 2.76%
150,550
-33
-0% -$1.32K
GE icon
8
GE Aerospace
GE
$387B
$5.91M 2.67%
38,801
-3,552
-8% -$502K
IBB icon
9
iShares Biotechnology ETF
IBB
$9.69B
$5.79M 2.62%
66,621
-894
-1% -$79.9K
VOD icon
10
Vodafone
VOD
$37.3B
$5.74M 2.59%
178,943
+34,239
+24% +$1.07M
DEO icon
11
Diageo
DEO
$53.6B
$5.54M 2.5%
51,316
+5,876
+13% +$622K
PJP icon
12
Invesco Pharmaceuticals ETF
PJP
$478M
$5.41M 2.45%
90,031
-1,311
-1% -$80.2K
VGK icon
13
Vanguard FTSE Europe ETF
VGK
$31.4B
$5.3M 2.4%
109,244
-9,638
-8% -$451K
ELLI
14
DELISTED
Ellie Mae Inc
ELLI
$5.29M 2.39%
58,332
-10,666
-15% -$798K
VOLT
15
DELISTED
Volt Information Sciences, Inc.
VOLT
$4.45M 2.01%
591,556
-3,138
-0.5% -$22.9K
HL icon
16
Hecla Mining
HL
$11B
$4.39M 1.99%
1,579,800
-110,866
-7% -$251K
PCH
17
DELISTED
PotlatchDeltic
PCH
$4.33M 1.96%
137,423
-25,825
-16% -$720K
OXY icon
18
Occidental Petroleum
OXY
$55.9B
$4.31M 1.95%
62,970
+173
+0.3% +$11.6K
XOM icon
19
ExxonMobil
XOM
$633B
$4.24M 1.92%
50,698
-2,940
-5% -$235K
MDXG icon
20
MiMedx Group
MDXG
$619M
$4.18M 1.89%
478,145
-5,309
-1% -$44.1K
BRK.B icon
21
Berkshire Hathaway Class B
BRK.B
$1.12T
$4.17M 1.89%
29,378
-822
-3% -$109K
EFC
22
Ellington Financial
EFC
$1.7B
$3.18M 1.44%
182,600
+82,399
+82% +$1.38M
HRI icon
23
Herc Holdings
HRI
$5.69B
$2.83M 1.28%
89,463
-3,404
-4% -$100K
FAX
24
abrdn Asia-Pacific Income Fund
FAX
$597M
$2.81M 1.27%
93,613
-2,037
-2% -$56.5K
XLE icon
25
State Street Energy Select Sector SPDR ETF
XLE
$37.8B
$2.7M 1.22%
87,316
+2,478
+3% +$71.9K
1
2 3 4

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Summit Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Summit Capital Management held 78 positions worth $221M, down 11% from $247M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Summit Capital Management withdrew a net $21.7M in Q1 2016, closing 14 positions and reducing 36 holdings. Its most notable exit was Covanta Holding Corporation, an estimated $2.19M position sold in full.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 16% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Summit Capital Management opened a new position in General Motors worth $2.49M.

  • Summit Capital Management's largest Q1 2016 buy was General Motors: 79,205 shares worth $2.49M.
  • Summit Capital Management added most to Amgen in Q1 2016, an estimated $1.68M increase.
  • Summit Capital Management's biggest Q1 2016 reduction was United Parcel Service, cutting an estimated $8.62M.
  • Summit Capital Management fully exited Covanta Holding Corporation in Q1 2016, selling an estimated $2.19M.
  • Summit Capital Management's ten largest holdings make up 55% of its $221M portfolio in Q1 2016.
  • Summit Capital Management opened 3 new positions and closed 14 in Q1 2016.
  • Summit Capital Management's portfolio value fell 11% quarter-over-quarter to $221M.

Based on Summit Capital Management's 13F filing for Q1 2016, filed 11 May 2016.