Summit Trail Advisors, LLC — Q4 2025 13F Holdings

Name: Summit Trail Advisors, LLC — 13F Holdings, Q4 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001698478

Total reported value

$7.0B

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Full holdings list this quarter

Showing top 200 holdings (of 1303 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	10.55%	-1.52%	-17.40%
2	USFR	Wisdomtree Floating Rate Tre	ETF-Other	7.48%	-0.32%	-60.27%
3	AVGO	Broadcom INC	Stock-Tech	4.35%	-0.99%	-1.80%
4	AAPL	Apple INC	Stock-Tech	2.74%	-0.15%	+2.80%
5	RSP	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	2.22%	-0.23%	-24.65%
6	VEA	Vanguard Ftse Developed ETF	ETF-Other	2.19%	+0.14%	-22.71%
7	MSFT	Microsoft CORP	Stock-Tech	2.06%	-0.52%	-6.93%
8	NVDA	Nvidia CORP	Stock-Tech	1.89%	+0.20%	-9.53%
9	APH	Amphenol Corp-cl A	Stock-Tech	1.54%	—	-9.68%
10	GOOG	Alphabet Inc-cl C	Stock-Comm Services	1.45%	+0.20%	-4.72%
11	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	1.45%	—	-4.24%
12	ISHG	Ishares -3 Year Internationa	ETF-Other	1.39%	-0.33%	-54.57%
13	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	1.37%	+0.55%	-4.75%
14	AMZN	Amazon.com INC	Stock-Consumer Disc	1.13%	-0.02%	-9.54%
15	META	Meta Platforms Inc-class A	Stock-Comm Services	0.96%	—	+42.32%
16	VGIT	Vanguard Intermediate-term T	ETF-Other	0.87%	—	-23.72%
17	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	0.87%	+0.02%	+38.21%
18	PLTR	Palantir Technologies Inc-a	Stock-Tech	0.87%	—	-2.92%
19	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	0.81%	+0.03%	-26.82%
20	PPA	Invesco Aerospace & Defense	ETF-Other	0.79%	—	-2.95%
21	KBWB	Invesco Kbw Bank ETF	ETF-Other	0.78%	—	-15.77%
22	AGG	Ishares Core U.s. Aggregate	ETF-Other	0.76%	—	+1.73%
23	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.63%	—	-3.16%
24	JPM	Jpmorgan Chase & Co	Stock-Financials	0.62%	—	-6.64%
25	TSLA	Tesla INC	Stock-Consumer Disc	0.56%	—	-8.93%
26	EFA	Ishares Msci Eafe ETF	ETF-Other	0.53%	—	-19.07%
27	AON	Aon plc	Stock-Financials	0.52%	—	-23.40%
28	ERIE	Erie Indemnity Company-cl A	Stock-Financials	0.51%	-0.18%	+250.24%
29	APO	Apollo Global Management INC	Stock-Financials	0.42%	-0.15%	-3.30%
30	CAT	Caterpillar INC	Stock-Industrials	0.41%	+0.01%	-1.81%
31	IAU	Ishares Gold Trust	ETF-Commodities	0.41%	+0.02%	-25.09%
32	OKTA	Okta INC	Stock-Tech	0.39%	-0.14%	+15.74%
33	LLY	Eli Lilly & Co	Stock-Healthcare	0.38%	—	-4.22%
34	VB	Vanguard Small-cap ETF	ETF-Other	0.38%	—	-7.67%
35	VT	Vanguard Tot World Stk ETF	ETF-Other	0.36%	+0.03%	+28.62%
36	KCCA	Kraneshares California Carbo	ETF-Other	0.36%	—	-22.97%
37	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	0.36%	+0.05%	-59.40%
38	RSPT	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	0.35%	+0.02%	-37.80%
39	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	0.34%	—	-4.21%
40	HIMS	Hims & Hers Health INC	Stock-Healthcare	0.33%	-0.16%	-0.03%
41	SCHW	Schwab (charles) CORP	Stock-Financials	0.31%	—	-3.66%
42	AKRE	Akre Focus ETF	ETF-Other	0.31%	-0.22%	—
43	EFV	Ishares Msci Eafe Value ETF	ETF-Other	0.29%	—	—
44	JNJ	Johnson & Johnson	Stock-Healthcare	0.29%	+0.07%	-8.06%
45	SPMD	Ss Spdr P S&p 400 Midcap ETF	ETF-Other	0.29%	—	-2.80%
46	IWF	Ishares Russell 1000 Growth	ETF-Other	0.26%	—	-78.91%
47	GS	Goldman Sachs Group INC	Stock-Financials	0.26%	—	-16.24%
48	CRWD	Crowdstrike Holdings INC - A	Stock-Tech	0.26%	—	-11.88%
49	VGSH	Vanguard Short-term Treasury	ETF-Gov Bonds	0.26%	-0.18%	-89.36%
50	SCHB	Schwab US Broad Market ETF	ETF-Other	0.25%	—	+166.56%

1–50 of 200

Holding changes this quarter

Position changes disclosed by Summit Trail Advisors, LLC for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AVGO	Broadcom INC	+1%	-1.80%	Trim
2	AAPL	Apple INC	+0.8%	+2.80%	Add
3	VOO	Vanguard S&p 500 ETF	+0.6%	-17.40%	Trim
4	GOOG	Alphabet Inc-cl C	+0.5%	-4.72%	Trim
5	GOOGL	Alphabet Inc-cl A	+0.5%	-4.75%	Trim
6	ERIE	Erie Indemnity Company-cl A	+0.4%	+250.24%	Add
7	IWM	Ishares Russell 2000 ETF	+0.4%	+38.21%	Add
8	META	Meta Platforms Inc-class A	+0.4%	+42.32%	Add
9	VWO	Vanguard Ftse Emerging Marke	+0.2%	-4.24%	Trim
10	NVDA	Nvidia CORP	+0.2%	-9.53%	Trim
11	SCHB	Schwab US Broad Market ETF	+0.2%	+166.56%	Add
12	MSFT	Microsoft CORP	+0.2%	-6.93%	Trim
13	LLY	Eli Lilly & Co	+0.2%	-4.22%	Trim
14	VT	Vanguard Tot World Stk ETF	+0.1%	+28.62%	Add
15	SPTL	Ss Spdr Pf Lng Trm Tsy E-usd	+0.1%	+915.82%	Add
16	KBWB	Invesco Kbw Bank ETF	+0.1%	-15.77%	Trim
17	MU	Micron Technology INC	+0.1%	-8.57%	Trim
18	VEA	Vanguard Ftse Developed ETF	0%	-22.71%	Trim
19	EFA	Ishares Msci Eafe ETF	0%	-19.07%	Trim
20	IAU	Ishares Gold Trust	0%	-25.09%	Trim
21	KCCA	Kraneshares California Carbo	0%	-22.97%	Trim
22	DDOG	Datadog INC - Class A	0%	-22.54%	Trim
23	AON	Aon plc	0%	-23.40%	Trim
24	HD	Home Depot INC	0%	-17.70%	Trim
25	NFLX	Netflix INC	0%	+695.21%	Add
26	VGIT	Vanguard Intermediate-term T	-0.1%	-23.72%	Trim
27	SPY	Ss Spdr S&p 500 ETF Trust-us	-0.1%	-26.82%	Trim
28	ORCL	Oracle CORP	-0.1%	-11.84%	Trim
29	VV	Vanguard Large-cap ETF	-0.1%	-50.38%	Trim
30	PTON	Peloton Interactive Inc-a	-0.1%	-78.62%	Trim
31	COIN	Coinbase Global INC -class A	-0.1%	-9.79%	Trim
32	MNDY	monday.com Ltd.	-0.1%	-59.12%	Trim
33	RSPT	Invesco S&p 500 Equal Weight	-0.1%	-37.80%	Trim
34	RSP	Invesco S&p 500 Equal Weight	-0.1%	-24.65%	Trim
35	HIMS	Hims & Hers Health INC	-0.1%	-0.03%	Trim
36	IJH	Ishares Core S&p Midcap ETF	-0.2%	-59.73%	Trim
37	EPI	Wisdomtree India Earnings	-0.2%	-97.21%	Trim
38	BILL	Bill Holdings INC	-0.2%	-95.86%	Trim
39	AR	Antero Resources CORP	-0.3%	-98.00%	Trim
40	QUAL	Ishares Msci USA Quality Fac	-0.3%	-83.29%	Trim
41	VTI	Vanguard Total Stock Mkt ETF	-0.3%	-59.40%	Trim
42	IWF	Ishares Russell 1000 Growth	-0.7%	-78.91%	Trim
43	EXPD	Expeditors Intl Wash INC	-0.9%	-98.18%	Trim
44	ISHG	Ishares -3 Year Internationa	-1.1%	-54.57%	Trim
45	VGSH	Vanguard Short-term Treasury	-1.7%	-89.36%	Trim
46	USFR	Wisdomtree Floating Rate Tre	-7.5%	-60.27%	Trim
47	AKRE	Akre Focus ETF	—	NEW	New buy
48	JD	Jd.com Inc-adr	—	EXIT	Sold out
49	DGRW	Wisdomtree U.s. Quality Divi	—	EXIT	Sold out
50	AVGO	Broadcom Inc.	—	EXIT	Sold out