STA

Summit Trail Advisors Portfolio holdings

AUM $3.03B

AUM

$3.03B

AUM Growth

+$322M (+12%)

Cap. Flow

+$410M

Cap. Flow % of AUM

13.52%

Top 10 Holdings %Top 10 Hldgs %

70.83%

Holding

469

New

Increased

236

Reduced

Closed

Top Buys

1	WisdomTree Floating Rate Treasury Fund USFR	$277M
2	Vanguard Short-Term Treasury ETF VGSH	$110M
3	Invesco KBW Bank ETF KBWB	$23M
4	Invesco S&P 500 Equal Weight ETF RSP	$20.1M
5	NVIDIA NVDA	$11.5M

Top Sells

1	Vanguard Intermediate-Term Treasury ETF VGIT	$115M
2	Invesco Aerospace & Defense ETF PPA	$24.4M
3	Health Care Select Sector SPDR Fund XLV	$17.4M
4	Xcel Brands XELB	$6.36M
5	iShares Bitcoin Trust IBIT	$4.03M

Sector Composition

1	Technology	11.04%
2	Financials	6.04%
3	Communication Services	4.34%
4	Healthcare	1.91%
5	Consumer Discretionary	1.7%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
76	76 First Trust North American Energy Infrastructure Fund EMLP $3.2B	$2.45M	0.08%	65,315 +3,603	+6%	+$135K
77	77 iShares MSCI USA Min Vol Factor ETF USMV $24B	$2.43M	0.08%	25,907	–	–
78	78 SentinelOne S $6.54B	$2.39M	0.08%	131,643 -38,436	-23%	-$699K
79	QXO 79 QXO Inc QXO $8.78B	$2.39M	0.08%	176,325 +60,358	+52%	+$817K
80	80 Yum China YUMC $15.9B	$2.37M	0.08%	45,540 +32,745	+256%	+$1.7M
81	81 Spotify SPOT $134B	$2.33M	0.08%	4,235 +1,078	+34%	+$593K
82	82 Arch Capital ACGL $34.5B	$2.31M	0.08%	24,034 +1,548	+7%	+$149K
83	83 Petco WOOF $1.01B	$2.29M	0.08%	751,740 +1,049	+0.1%	+$3.2K
84	84 O'Reilly Automotive ORLY $78.3B	$2.23M	0.07%	1,556 +484	+45%	+$693K
85	85 Eaton ETN $126B	$2.22M	0.07%	8,161 +1,840	+29%	+$500K
86	86 ServiceNow NOW $208B	$2.21M	0.07%	2,770 +124	+5%	+$98.7K
87	87 Genpact G $7.61B	$2.2M	0.07%	43,584 +12,752	+41%	+$642K
88	88 LPL Financial LPLA $29.8B	$2.18M	0.07%	6,655 +4,833	+265%	+$1.58M
89	89 Technology Select Sector SPDR Fund XLK $70.3B	$2.17M	0.07%	10,532	–	–
90	90 Chubb CB $115B	$2.17M	0.07%	7,174 +549	+8%	+$166K
91	91 SPDR Portfolio Developed World ex-US ETF SPDW $26.4B	$2.12M	0.07%	58,231	–	–
92	92 Waste Management WM $95.3B	$2.08M	0.07%	8,994 +875	+11%	+$203K
93	93 Monster Beverage MNST $61.8B	$2.07M	0.07%	35,410 +11,920	+51%	+$698K
94	94 Zoetis ZTS $72.4B	$2.07M	0.07%	12,572 +3,303	+36%	+$544K
95	95 Duke Energy DUK $90.5B	$2.02M	0.07%	16,521 +2,734	+20%	+$333K
96	96 Medtronic MDT $103B	$1.99M	0.07%	22,023 +4,129	+23%	+$374K
97	97 ProShares Short S&P500 SH $1.35B	$1.99M	0.07%	44,700	New	+$1.99M
98	98 American Tower AMT $99.2B	$1.97M	0.07%	9,050 +2,638	+41%	+$574K
99	99 Utilities Select Sector SPDR Fund XLU $18.6B	$1.92M	0.06%	24,321 -4,630	-16%	-$365K
100	100 Carrier Global CARR $60.9B	$1.91M	0.06%	30,100 +5,860	+24%	+$372K