Summit Trail Advisors, LLC

Q2 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
6/30/2025
Date filed
8/14/2025
Form type
13F-HR
Num holdings
1,116
Total value ($000)
$5,826,470
Net value change ($000)
+2,794,962 (92.2%)
New positions
728
Sold out positions
36
Turnover %
48.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 4/28/2025 Next filing: 11/14/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VOO 621,279 NEW
ISHG 168,080 NEW
VEA 121,990 NEW
MSFT 121,947 NEW
AAPL 104,639 NEW
AVGO 84,096 72.2%
VWO 75,369 NEW
APH 71,139 NEW
AMZN 63,063 NEW
IWF 52,373 NEW
Top Reduces (Value $000, Stocks/ETFs)
USFR -252,613 -18.4%
VGIT -30,627 -27.7%
RSP -19,730 -12.2%
CRWD -10,850 -41.6%
QUAL -9,866 -15.8%
KBWB -8,353 -19.8%
XLV -6,565 -40.5%
AMZU -4,947 -100.0%
UNH -4,565 -44.3%
JPST -4,506 -93.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type