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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
BIOC
76
DELISTED
Biocept, Inc.
BIOC
– –
0
– -$17K
CVA
77
DELISTED
Covanta Holding Corporation
CVA
– –
-141,286
Closed -$2.19M
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.