Summit Trail Advisors, LLC — 13F Holdings & Portfolio
CIK 1698478 · latest 13F-HR filed 2026-08-11
Summit Trail Advisors, LLC manages $7.95B in 13F-reported U.S. long-equity assets across 1,474 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VOO (8.16%), USFR (7.15%), AVGO (3.62%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 82 new positions and exited 52; 888 existing positions rose in reported value and 299 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$7.95B
Long-equity book
Holdings
1,474
Distinct positions
Period
2026-06-30
Filed 2026-08-11
Q/Q Activity
+82 / −52 / ↑888 / ↓299
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26VOO8.2% · -10%USFR7.2% · +14%AVGO3.6% · +0%AAPL2.6% · +1%VEA2.2% · -5%NVDA2.1% · +1%GOOGL2.1% · +0%RSP2.1% · +8%GOOG1.8% · +1%OLLI1.6% · +1%APH1.6% · -3%MSFT1.5% · +13%VWO1.4% · -0%DLO1.3% · 0%AMZN1.1% · +3%EXPD0.9% · -6%VONE0.9% · newSPY0.9% · +1%IWM0.8% · -12%META0.8% · -5%PPA0.7% · -1%AGG0.7% · +3%KBWB0.6% · +2%MU0.6% · -5%VGIT0.6% · -2%JPM0.6% · -2%CAT0.5% · -2%TSLA0.5% · +1%PLTR0.5% · -1%BRK.B0.5% · -1%RSPT0.5% · +6%VTI0.5% · +14%LLY0.4% · +2%EFA0.4% · +2%AMD0.4% · +3%AON0.4% · -1%IVV0.4% · +12%SNDK0.4% · -4%CRWD0.3% · -4%VB0.3% · -2%SGU0.3% · +0%JNJ0.3% · -0%OKTA0.3% · -14%DDOG0.3% · -3%IAU0.3% · +0%WDC0.3% · -18%KCCA0.3% · -1%ANET0.3% · -7%VT0.3% · -26%ERIE0.3% · +0%LRCX0.3% · -5%RSPH0.3% · newINTC0.3% · +3%APO0.3% · +1%HIMS0.3% · -0%GS0.3% · -4%XOM0.2% · -0%ISHG0.2% · -73%COST0.2% · +2%V0.2% · +6%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
6 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 33.4%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Sep 4, 2026.
Assets Under Management
$19.94B
Discretionary
$11.06B
Employees
94
Accounts
9,778
Address
2 GRAND CENTRAL TOWER
140 E 45TH STREET, 28TH FLOOR
NEW YORK, NY 10017
140 E 45TH STREET, 28TH FLOOR
NEW YORK, NY 10017
Phone
(212) 812-7010
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| ERIGO, JOSEPH Control | CHIEF COMPLIANCE OFFICER since Sep 2024 | Less than 5% | Individual |
| PETERSEN, JACK, BARRY Control | MANAGER/MEMBER since Jul 2015 | Less than 5% | Individual |
| RABOY, ALAN Control | CHIEF FINANCIAL OFFICER since Jul 2025 | Less than 5% | Individual |
| ROMHILT, DAVID, WADE Control | CHIEF INVESTMENT OFFICER since Jul 2015 | Less than 5% | Individual |
| SUMMIT TRAIL HOLDINGS, LLC Control | MEMBER since Jan 2020 | 75% or more | Domestic Entity |
| KILO SUMMIT TRAIL, LLC | MEMBER since Jan 2018 | 5–10% | Domestic Entity |
| CEDAR INVESTMENTS, LLC Indirect owner via HYPERION INVESTMENTS, LLC | MEMBER since Sep 2016 | 25–50% | Domestic Entity |
| CEDAR TRUST Indirect owner via CEDAR INVESTMENTS, LLC | MEMBER since Jan 2018 | 75% or more | Domestic Entity |
| HYPERION INVESTMENTS, LLC Indirect owner via KILO SUMMIT TRAIL, LLC | MEMBER since Jan 2018 | 75% or more | Domestic Entity |
| MAGNOLIA TRUST Indirect owner via MAGNOLIA, LLC | MEMBER since Jan 2018 | 75% or more | Domestic Entity |
| MAGNOLIA, LLC Indirect owner via HYPERION INVESTMENTS, LLC | MEMBER since Jan 2018 | 25–50% | Domestic Entity |
| REDWOOD INVESTMENTS, LLC Indirect owner via HYPERION INVESTMENTS, LLC | MEMBER since Jan 2018 | 25–50% | Domestic Entity |
| REDWOOD TRUST Indirect owner via REDWOOD INVESTMENTS, LLC | MEMBER since Jan 2018 | 75% or more | Domestic Entity |
| SOUTH DAKOTA TRUST COMPANY LLC Indirect owner via CEDAR TRUST | TRUSTEE since Jan 2018 | 75% or more | Domestic Entity |
| SOUTH DAKOTA TRUST COMPANY LLC Indirect owner via MAGNOLIA TRUST | TRUSTEE since Jan 2018 | 75% or more | Domestic Entity |
| SOUTH DAKOTA TRUST COMPANY LLC Indirect owner via REDWOOD TRUST | TRUSTEE since Jan 2018 | 75% or more | Domestic Entity |
Ownership & leadership changes · 13 filings with changes since May 27, 2015
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Aug 22, 2025 filing
- No longer listedRINGDAHL, JEFFREY, KARL · PRESIDENT, PARTNER, AND CHIEF OPERATING OFFICER · Less than 5% · control person · listed since May 2025
- AddedRABOY, ALAN · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Jul 7, 2025 filing
- No longer listedCEDAR KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC · listed since Jan 2018
- No longer listedMAGNOLIA KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC · listed since Jan 2018
- No longer listedREDWOOD KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC · listed since Jan 2018
- AddedCEDAR INVESTMENTS, LLC · MEMBER · 25–50% · indirect via HYPERION INVESTMENTS, LLC
- AddedCEDAR TRUST · MEMBER · 75% or more · indirect via CEDAR INVESTMENTS, LLC
- AddedHYPERION INVESTMENTS, LLC · MEMBER · 75% or more · indirect via KILO SUMMIT TRAIL, LLC
- AddedMAGNOLIA TRUST · MEMBER · 75% or more · indirect via MAGNOLIA, LLC
- AddedMAGNOLIA, LLC · MEMBER · 25–50% · indirect via HYPERION INVESTMENTS, LLC
- AddedREDWOOD INVESTMENTS, LLC · MEMBER · 25–50% · indirect via HYPERION INVESTMENTS, LLC
- AddedREDWOOD TRUST · MEMBER · 75% or more · indirect via REDWOOD INVESTMENTS, LLC
- AddedSOUTH DAKOTA TRUST COMPANY LLC · TRUSTEE · 75% or more · indirect via CEDAR TRUST
- AddedSOUTH DAKOTA TRUST COMPANY LLC · TRUSTEE · 75% or more · indirect via MAGNOLIA TRUST
- AddedSOUTH DAKOTA TRUST COMPANY LLC · TRUSTEE · 75% or more · indirect via REDWOOD TRUST
May 23, 2025 filing
- AddedRINGDAHL, JEFFREY, KARL · PRESIDENT, PARTNER, AND CHIEF OPERATING OFFICER · Less than 5% · control person
Oct 11, 2024 filing
- No longer listedHARMS, THOMAS, KERSHAW · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Sep 2023
- AddedERIGO, JOSEPH · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Sep 13, 2023 filing
- No longer listedMCGUINNESS, JOHN, P · CHIEF COMPLIANCE OFFICER AND GENERAL COUNSEL · Less than 5% · control person · listed since Jun 2023
- Listed againHARMS, THOMAS, KERSHAW · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Jul 14, 2023 filing
- No longer listedHARMS, THOMAS, KERSHAW · CHIEF OPERATING OFFICER AND CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Feb 2016
- AddedMCGUINNESS, JOHN, P · CHIEF COMPLIANCE OFFICER AND GENERAL COUNSEL · Less than 5% · control person
Aug 18, 2020 filing
- Listed againCEDAR KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC
- Listed againKILO SUMMIT TRAIL, LLC · MEMBER · 5–10%
- Listed againMAGNOLIA KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC
- Listed againREDWOOD KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC
Mar 24, 2020 filing
- No longer listedCANTELUPE, JAMES, FRANK · MEMBER · 10–25% · control person · listed since Jul 2015
- No longer listedCEDAR KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC · listed since Jan 2018
- No longer listedJOHNSON, BENJAMIN, PAUL · MEMBER · Less than 5% · control person · listed since Jul 2015
- No longer listedKATZ, SETH, AARON · MEMBER · 5–10% · control person · listed since Jul 2015
- No longer listedKILO SUMMIT TRAIL, LLC · MEMBER · 5–10% · listed since Jan 2018
- No longer listedLEE, PETER, CHRISTOPHER · MEMBER · 10–25% · control person · listed since Jul 2015
- No longer listedMAGNOLIA KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC · listed since Jan 2018
- No longer listedPALECEK, THOMAS, PETER · MEMBER · 10–25% · control person · listed since Jul 2015
- No longer listedPEDLEY, DANIELA · MEMBER · 5–10% · listed since Jan 2018
- No longer listedREDWOOD KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC · listed since Jan 2018
- No longer listedSAXE, JOHN, DUFF · MEMBER · Less than 5% · control person · listed since Jul 2015
- No longer listedSCARBOROUGH, JOHN, WILLIAM · MEMBER · 5–10% · control person · listed since Jul 2015
- AddedSUMMIT TRAIL HOLDINGS, LLC · MEMBER · 75% or more · control person
- ChangedPETERSEN, JACK, BARRY · ownership 10–25% → Less than 5%
- ChangedROMHILT, DAVID, WADE · title MEMBER → CHIEF INVESTMENT OFFICER; ownership 10–25% → Less than 5%
May 7, 2019 filing
- ChangedKILO SUMMIT TRAIL, LLC · ownership 10–25% → 5–10%
Mar 29, 2018 filing
- AddedCEDAR KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC
- AddedKILO SUMMIT TRAIL, LLC · MEMBER · 10–25%
- AddedMAGNOLIA KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC
- AddedPEDLEY, DANIELA · MEMBER · 5–10%
- AddedREDWOOD KILO TRUST · MEMBER · 25–50% · indirect via KILO SUMMIT TRAIL, LLC
Older changes (4 more filings)
Jun 23, 2017 filing
- AddedJOHNSON, BENJAMIN, PAUL · MEMBER · Less than 5% · control person
- AddedKATZ, SETH, AARON · MEMBER · 5–10% · control person
- AddedSAXE, JOHN, DUFF · MEMBER · Less than 5% · control person
- ChangedHARMS, THOMAS, KERSHAW · title CHIEF COMPLIANCE OFFICER → CHIEF OPERATING OFFICER AND CHIEF COMPLIANCE OFFICER
Mar 29, 2016 filing
- AddedHARMS, THOMAS, KERSHAW · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedPETERSEN, JACK, BARRY · title CHIEF COMPLIANCE OFFICER/ MANAGER/MEMBER → MANAGER/MEMBER
Jul 24, 2015 filing
- No longer listedCALLANAN, KEITH, MARTIN · CHIEF COMPLIANCE OFFICER · 75% or more · control person · listed since Apr 2015
- AddedCANTELUPE, JAMES, FRANK · MEMBER · 10–25% · control person
- AddedLEE, PETER, CHRISTOPHER · MEMBER · 10–25% · control person
- AddedPALECEK, THOMAS, PETER · MEMBER · 10–25% · control person
- AddedPETERSEN, JACK, BARRY · CHIEF COMPLIANCE OFFICER/ MANAGER/MEMBER · 10–25% · control person
- AddedROMHILT, DAVID, WADE · MEMBER · 10–25% · control person
- AddedSCARBOROUGH, JOHN, WILLIAM · MEMBER · 5–10% · control person
May 27, 2015 filing (earliest on record)
- ListedCALLANAN, KEITH, MARTIN · CHIEF COMPLIANCE OFFICER · 75% or more · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- WISDOMTREE TR$68.4M +13.7%
- BROADCOM INC$52.7M +22.4%
- MICRON TECHNOLOGY INC$34.6M +224.8%
- ALPHABET INC$32.8M +24.5%
- AMPHENOL CORP$32.5M +35.8%
Top Trims
- ISHARES TR-$54.4M -73.4%
- OLLIES BARGAIN OUTLET HLDGS-$23.5M -15.9%
- PALANTIR TECHNOLOGIES INC-$11.0M -20.8%
- SPDR SERIES TRUST-$7.2M -86.6%
- EXXON MOBIL CORP-$4.8M -19.7%
New Positions
- VANGUARD SCOTTSDALE FDS$72.1M
- INVESCO EXCHANGE TRADED FD T$21.4M
- WISE GROUP PLC$9.3M
- COREWEAVE INC$5.8M
- CARNIVAL CORP LTD$3.5M
Exited Positions
- HONEYWELL INTL INC$5.4M
- CARNIVAL CORP$3.1M
- BROADCOM INC$3.0M
- DUPONT DE NEMOURS INC$3.0M
- AIR LEASE CORP$2.0M
Summit Trail Advisors, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | VOO | 922908363 | $648.7M | 8.16% | 944,467 | SH |
| 2 | WISDOMTREE TR | USFR | 97717Y527 | $568.2M | 7.15% | 11,284,922 | SH |
| 3 | BROADCOM INC | AVGO | 11135F101 | $287.6M | 3.62% | 761,224 | SH |
| 4 | APPLE INC | AAPL | 037833100 | $207.8M | 2.61% | 718,259 | SH |
| 5 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $172.0M | 2.16% | 2,413,619 | SH |
| 6 | NVIDIA CORPORATION | NVDA | 67066G104 | $169.0M | 2.13% | 844,790 | SH |
| 7 | ALPHABET INC | GOOGL | 02079K305 | $166.5M | 2.09% | 465,896 | SH |
| 8 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $166.0M | 2.09% | 780,301 | SH |
| 9 | ALPHABET INC | GOOG | 02079K107 | $142.6M | 1.79% | 403,486 | SH |
| 10 | OLLIES BARGAIN OUTLET HLDGS | OLLI | 681116109 | $124.0M | 1.56% | 1,612,868 | SH |
| 11 | AMPHENOL CORP | APH | 032095101 | $123.2M | 1.55% | 698,762 | SH |
| 12 | MICROSOFT CORP | MSFT | 594918104 | $122.8M | 1.55% | 329,333 | SH |
| 13 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $111.5M | 1.40% | 1,867,688 | SH |
| 14 | DLOCAL LTD | DLO | G29018101 | $99.8M | 1.26% | 7,679,330 | SH |
| 15 | AMAZON COM INC | AMZN | 023135106 | $91.2M | 1.15% | 382,812 | SH |
| 16 | EXPEDITORS INTL WASH INC | EXPD | 302130109 | $74.4M | 0.94% | 456,248 | SH |
| 17 | VANGUARD SCOTTSDALE FDS | VONE | 92206C730 | $72.1M | 0.91% | 212,940 | SH |
| 18 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $67.7M | 0.85% | 90,708 | SH |
| 19 | ISHARES TR | IWM | 464287655 | $66.5M | 0.84% | 221,433 | SH |
| 20 | META PLATFORMS INC | META | 30303M102 | $62.5M | 0.79% | 111,019 | SH |
| 21 | INVESCO EXCHANGE TRADED FD T | PPA | 46137V100 | $58.3M | 0.73% | 329,916 | SH |
| 22 | ISHARES TR | AGG | 464287226 | $54.4M | 0.68% | 549,204 | SH |
| 23 | INVESCO EXCH TRADED FD TR II | KBWB | 46138E628 | $50.2M | 0.63% | 540,360 | SH |
| 24 | MICRON TECHNOLOGY INC | MU | 595112103 | $50.0M | 0.63% | 43,347 | SH |
| 25 | VANGUARD SCOTTSDALE FDS | VGIT | 92206C706 | $46.4M | 0.58% | 785,893 | SH |
| 26 | JPMORGAN CHASE & CO | JPM | 46625H100 | $45.0M | 0.57% | 137,531 | SH |
| 27 | CATERPILLAR INC | CAT | 149123101 | $43.1M | 0.54% | 40,488 | SH |
| 28 | TESLA INC | TSLA | 88160R101 | $42.7M | 0.54% | 101,456 | SH |
| 29 | PALANTIR TECHNOLOGIES INC | PLTR | 69608A108 | $41.8M | 0.53% | 358,523 | SH |
| 30 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $41.7M | 0.52% | 83,243 | SH |
| 31 | INVESCO EXCHANGE TRADED FD T | RSPT | 46137V282 | $39.1M | 0.49% | 605,866 | SH |
| 32 | VANGUARD INDEX FDS | VTI | 922908769 | $37.1M | 0.47% | 100,353 | SH |
| 33 | ELI LILLY & CO | LLY | 532457108 | $34.9M | 0.44% | 29,075 | SH |
| 34 | ISHARES TR | EFA | 464287465 | $31.5M | 0.40% | 303,165 | SH |
| 35 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $30.8M | 0.39% | 52,964 | SH |
| 36 | AON PLC | AON | G0403H108 | $29.8M | 0.37% | 89,714 | SH |
| 37 | ISHARES TR | IVV | 464287200 | $29.1M | 0.37% | 38,885 | SH |
| 38 | SANDISK CORP | SNDK | 80004C200 | $28.2M | 0.35% | 12,382 | SH |
| 39 | CROWDSTRIKE HLDGS INC | CRWD | 22788C105 | $27.2M | 0.34% | 35,660 | SH |
| 40 | VANGUARD INDEX FDS | VB | 922908751 | $26.5M | 0.33% | 87,486 | SH |
| 41 | STAR GROUP LP | SGU | 85512C105 | $26.1M | 0.33% | 2,030,000 | SH |
| 42 | JOHNSON & JOHNSON | JNJ | 478160104 | $26.0M | 0.33% | 102,279 | SH |
| 43 | OKTA INC | OKTA | 679295105 | $25.8M | 0.32% | 188,737 | SH |
| 44 | DATADOG INC | DDOG | 23804L103 | $25.6M | 0.32% | 98,462 | SH |
| 45 | ISHARES GOLD TR | IAU | 464285204 | $25.4M | 0.32% | 336,707 | SH |
| 46 | WESTERN DIGITAL CORP | WDC | 958102105 | $24.7M | 0.31% | 38,623 | SH |
| 47 | KRANESHARES TRUST | KCCA | 500767553 | $24.0M | 0.30% | 1,413,501 | SH |
| 48 | ARISTA NETWORKS INC | ANET | 040413205 | $24.0M | 0.30% | 141,213 | SH |
| 49 | VANGUARD INTL EQUITY INDEX F | VT | 922042742 | $22.7M | 0.29% | 144,882 | SH |
| 50 | ERIE INDTY CO | ERIE | 29530P102 | $22.2M | 0.28% | 92,804 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-11 | $7.95B | 1,474 | 0001951757-26-001207 |
| 2026-03-31 | 2026-05-12 | $6.98B | 1,441 | 0001951757-26-000837 |
| 2025-12-31 | 2026-02-17 | $5.78B | 1,303 | 0001951757-26-000464 |
| 2025-09-30 | 2025-11-14 | $7.24B | 1,344 | 0001951757-25-001440 |
| 2024-06-30 | 2024-08-13 | $3.80B | 617 | 0001951757-24-000740 |
| 2024-03-31 | 2024-04-23 | $3.76B | 613 | 0001951757-24-000376 |
Filer Information
Address
2 GRAND CENTRAL TOWER140 E 45TH STREET, 28TH FLOOR
NEW YORK, NY 10017
Phone
(212) 812-7010
Filing Manager
Summit Trail Advisors, LLC
NEW YORK, NY
Signatory
Joseph Erigo
Chief Compliance Officer