SUMMIT TRAIL ADVISORS, LLC

Filed: 10/30/2023ACC: 0001951757-23-000648

📋 What this filing means

SUMMIT TRAIL ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 548 equity positions with a total reported market value of $2.72B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

548

Positions

$2.72B

Total AUM (reported)

45.86M

Total Shares

Allocation by class

FLOATNG RAT TREA$1.03B38.0%

COM$456.41M16.8%

S&P 500 ETF SHS$267.16M9.8%

CORE US AGGBD ET$102.69M3.8%

CL A$73.37M2.7%

S&P500 EQL WGT$70.59M2.6%

SBI HEALTHCARE$52.40M1.9%

Portfolio Concentration

Top 3$1.40B51.6%

4–10$358.41M13.2%

11–25$352.77M13.0%

Rest$605.39M22.3%

Top 3 weight

51.6%

Top 10 weight

64.8%

Voting Authority Distribution

Total shares with voting rights: 45.86M

Sole

Full voting authority

45.86M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole548

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings548

Rows:

WISDOMTREE TR

SOLE

FLOATNG RAT TREA

Shares20.51M

TypeSH

Market value$1.03B

37.96%

Sole

20.51M

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares677.76K

TypeSH

Market value$267.16M

9.83%

Sole

677.76K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE US AGGBD ET

Shares1.09M

TypeSH

Market value$102.69M

3.78%

Sole

1.09M

Shared

0.00

None

0.00

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares498.19K

TypeSH

Market value$70.59M

2.60%

Sole

498.19K

Shared

0.00

None

0.00

BROADCOM INC

SOLE

COM

Shares65.81K

TypeSH

Market value$54.66M

2.01%

Sole

65.81K

Shared

0.00

None

0.00

SELECT SECTOR SPDR TR

SOLE

SBI HEALTHCARE

Shares407K

TypeSH

Market value$52.40M

1.93%

Sole

407K

Shared

0.00

None

0.00

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares1.24M

TypeSH

Market value$48.65M

1.79%

Sole

1.24M

Shared

0.00

None

0.00

INVESCO EXCHANGE TRADED FD T

SOLE

AEROSPACE DEFN

Shares595.13K

TypeSH

Market value$47.49M

1.75%

Sole

595.13K

Shared

0.00

None

0.00

APPLE INC

SOLE

COM

Shares254.33K

TypeSH

Market value$43.54M

1.60%

Sole

254.33K

Shared

0.00

None

0.00

EXPEDITORS INTL WASH INC

SOLE

COM

Shares358.42K

TypeSH

Market value$41.09M

1.51%

Sole

358.42K

Shared

0.00

None

0.00

KRANESHARES TR

SOLE

CALIFORNIA CARB

Shares1.34M

TypeSH

Market value$38.22M

1.41%

Sole

1.34M

Shared

0.00

None

0.00

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares71.89K

TypeSH

Market value$30.85M

1.13%

Sole

71.89K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

INTER TERM TREAS

Shares518.32K

TypeSH

Market value$29.62M

1.09%

Sole

518.32K

Shared

0.00

None

0.00

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares629.62K

TypeSH

Market value$27.53M

1.01%

Sole

629.62K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL C

Shares197.63K

TypeSH

Market value$26.06M

0.96%

Sole

197.63K

Shared

0.00

None

0.00

SELECT SECTOR SPDR TR

SOLE

SBI CONS STPLS

Shares353.29K

TypeSH

Market value$24.31M

0.89%

Sole

353.29K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares111.55K

TypeSH

Market value$23.69M

0.87%

Sole

111.55K

Shared

0.00

None

0.00

SPDR SER TR

SOLE

PORTFOLIO LN TSR

Shares852.36K

TypeSH

Market value$22.29M

0.82%

Sole

852.36K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL A

Shares164.43K

TypeSH

Market value$21.52M

0.79%

Sole

164.43K

Shared

0.00

None

0.00

MICROSOFT CORP

SOLE

COM

Shares66.01K

TypeSH

Market value$20.84M

0.77%

Sole

66.01K

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares150.63K

TypeSH

Market value$19.15M

0.70%

Sole

150.63K

Shared

0.00

None

0.00

DLOCAL LTD

SOLE

CLASS A COM

Shares940.82K

TypeSH

Market value$18.04M

0.66%

Sole

940.82K

Shared

0.00

None

0.00

SELECT SECTOR SPDR TR

SOLE

SBI INT-UTILS

Shares290.62K

TypeSH

Market value$17.13M

0.63%

Sole

290.62K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE ETF

Shares244.87K

TypeSH

Market value$16.88M

0.62%

Sole

244.87K

Shared

0.00

None

0.00

TRINET GROUP INC

SOLE

COM

Shares143.03K

TypeSH

Market value$16.66M

0.61%

Sole

143.03K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
WISDOMTREE TRSOLE	FLOATNG RAT TREA	20.51M	SH	$1.03B 37.96%	20.51M
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	677.76K	SH	$267.16M 9.83%	677.76K
ISHARES TRSOLE	CORE US AGGBD ET	1.09M	SH	$102.69M 3.78%	1.09M
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	498.19K	SH	$70.59M 2.60%	498.19K
BROADCOM INCSOLE	COM	65.81K	SH	$54.66M 2.01%	65.81K
SELECT SECTOR SPDR TRSOLE	SBI HEALTHCARE	407K	SH	$52.40M 1.93%	407K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	1.24M	SH	$48.65M 1.79%	1.24M
INVESCO EXCHANGE TRADED FD TSOLE	AEROSPACE DEFN	595.13K	SH	$47.49M 1.75%	595.13K
APPLE INCSOLE	COM	254.33K	SH	$43.54M 1.60%	254.33K
EXPEDITORS INTL WASH INCSOLE	COM	358.42K	SH	$41.09M 1.51%	358.42K
KRANESHARES TRSOLE	CALIFORNIA CARB	1.34M	SH	$38.22M 1.41%	1.34M
SPDR S&P 500 ETF TRSOLE	TR UNIT	71.89K	SH	$30.85M 1.13%	71.89K
VANGUARD SCOTTSDALE FDSSOLE	INTER TERM TREAS	518.32K	SH	$29.62M 1.09%	518.32K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	629.62K	SH	$27.53M 1.01%	629.62K
ALPHABET INCSOLE	CAP STK CL C	197.63K	SH	$26.06M 0.96%	197.63K
SELECT SECTOR SPDR TRSOLE	SBI CONS STPLS	353.29K	SH	$24.31M 0.89%	353.29K
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	111.55K	SH	$23.69M 0.87%	111.55K
SPDR SER TRSOLE	PORTFOLIO LN TSR	852.36K	SH	$22.29M 0.82%	852.36K
ALPHABET INCSOLE	CAP STK CL A	164.43K	SH	$21.52M 0.79%	164.43K
MICROSOFT CORPSOLE	COM	66.01K	SH	$20.84M 0.77%	66.01K
AMAZON COM INCSOLE	COM	150.63K	SH	$19.15M 0.70%	150.63K
DLOCAL LTDSOLE	CLASS A COM	940.82K	SH	$18.04M 0.66%	940.82K
SELECT SECTOR SPDR TRSOLE	SBI INT-UTILS	290.62K	SH	$17.13M 0.63%	290.62K
ISHARES TRSOLE	MSCI EAFE ETF	244.87K	SH	$16.88M 0.62%	244.87K
TRINET GROUP INCSOLE	COM	143.03K	SH	$16.66M 0.61%	143.03K

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