SUMMIT TRAIL ADVISORS LLC
Q1 2024 Form 13-F

NEW YORK, NEW YORK
CIK 0001698478 · CRD 220519 · SEC-registered investment adviser
$3.8B Reported Value Total

SUMMIT TRAIL ADVISORS, LLC reports 10,249 total accounts under management (AUM). There are 7,613 discretionary accounts valued at $7,351,611,599, and 2,636 non-discretionary accounts valued at $10,300,018,834.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Firm Brochure (Part 2A) Client Relationship Summary (Form CRS)
Private funds (Form ADV)
21 funds · $2.1B gross asset value
Hedge Fund: $1.4B · Private Equity Fund: $470.8M · Real Estate Fund: $112.6M · Other: $92.6M
Source: Form ADV filed 2026-09-04
Reported value
$3.8B
Quarter over quarter
+4.7%
Holdings
613
Top-10 concentration
64.5%

Filing Structure

Reports holdings for

  • Aristotle International Equity ADR (not a 13F filer in our records) · Q4 2017 – Q1 2018 · declared by one filing
  • Clearbridge Multi Cap Growth-US Equity (not a 13F filer in our records) · Q4 2017 – Q1 2018 · declared by one filing
  • Fiduciary Large Cap US Equity (not a 13F filer in our records) · Q4 2017 – Q1 2018 · declared by one filing
  • Parametric Portfolio Associates (not a 13F filer in our records) · Q4 2017 – Q1 2018 · declared by one filing
  • Pzena Investment Management (not a 13F filer in our records) · Q4 2017 – Q1 2018 · declared by one filing
  • Atlantic Trust - MLP (not a 13F filer in our records) · Q1 2018 – Q1 2018 · declared by one filing
  • Diamond Hill-US Large Cap Equity (not a 13F filer in our records) · Q1 2018 – Q1 2018 · declared by one filing
  • Earnest Partners Small Cap Value (not a 13F filer in our records) · Q1 2018 – Q1 2018 · declared by one filing
  • Federated Strategic Value-US Equity Income (not a 13F filer in our records) · Q1 2018 – Q1 2018 · declared by one filing
  • Hamlin Equity Income (not a 13F filer in our records) · Q1 2018 – Q1 2018 · declared by one filing
  • NB Rachlin-MLPs (not a 13F filer in our records) · Q1 2018 – Q1 2018 · declared by one filing
  • Pinnacle Associates Small-Mid-US Equity (not a 13F filer in our records) · Q1 2018 – Q1 2018 · declared by one filing
  • Rice Hall James-Small Cap Opportunities (not a 13F filer in our records) · Q1 2018 – Q1 2018 · declared by one filing
  • Riverbridge Small Cap Growth (not a 13F filer in our records) · Q1 2018 – Q1 2018 · declared by one filing
  • Atlantic Trust Investment Advisors Inc (not a 13F filer in our records) · Q4 2017 – Q4 2017 · declared by one filing
  • Diamond Hill Capital Management Inc (not a 13F filer in our records) · Q4 2017 – Q4 2017 · declared by one filing
  • Earnest Partners LLC (not a 13F filer in our records) · Q4 2017 – Q4 2017 · declared by one filing
  • Federated Strategic Value (not a 13F filer in our records) · Q4 2017 – Q4 2017 · declared by one filing
  • Hamlin Capital Management LLC (not a 13F filer in our records) · Q4 2017 – Q4 2017 · declared by one filing
  • Neuberger Berman LLC (not a 13F filer in our records) · Q4 2017 – Q4 2017 · declared by one filing
  • Pinnacle Associates LTD (not a 13F filer in our records) · Q4 2017 – Q4 2017 · declared by one filing
  • Rice Hall James & Associates (not a 13F filer in our records) · Q4 2017 – Q4 2017 · declared by one filing
  • Riverbridge Partners (not a 13F filer in our records) · Q4 2017 – Q4 2017 · declared by one filing

Key People

Form ADV owners & control persons
Joseph Erigo
CHIEF COMPLIANCE OFFICER
Jack Barry Petersen
MANAGER/MEMBER
Alan Raboy
CHIEF FINANCIAL OFFICER
Q4 2023
Q2 2024
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Q1 2024 13F filing summary

Period of report March 31, 2024
Filed April 23, 2024
Form 13F-HR
Reported value $3.8B
Positions 613
Change in reported value +24.5%
New positions 86
Exited positions 32
Position turnover 18.3%
Top-10 concentration 64.5%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 11, 2026
 1,471 $7.9B
Q1 2026 13F
Filed May 12, 2026
 1,441 $7.0B
Q4 2025 13F
Filed Feb 17, 2026
 1,303 $5.8B
Q3 2025 13F
Filed Nov 14, 2025
 1,328 $7.2B
Q2 2025 13F
Filed Aug 14, 2025
 1,116 $5.8B
Q1 2025 13F
Filed Apr 28, 2025
 423 $3.0B
Q4 2024 13F
Filed Jan 29, 2025
 390 $2.7B
Q3 2024 13F
Filed Nov 12, 2024
 719 $4.0B
Q2 2024 13F
Filed Aug 13, 2024
 616 $3.8B
Q1 2024 13F
Filed Apr 23, 2024
 613 $3.8B
Q4 2023 13F
Filed Feb 6, 2024
 559 $3.0B
Q3 2023 13F
Filed Oct 30, 2023
 548 $2.7B
Q2 2023 13F
Filed Jul 25, 2023
 542 $2.7B
Q1 2023 13F
Filed May 4, 2023
 393 $2.5B
Q4 2022 13F
Filed Feb 7, 2023
 403 $2.3B
Q3 2022 13F
Filed Nov 10, 2022
 377 $1.8B
Q2 2022 13F
Filed Aug 9, 2022
 385 $1.6B
Q1 2022 13F
Filed May 16, 2022
 327 $1.2B
Q4 2021 13F
Filed Feb 11, 2022
 297 $1.6B
Q3 2021 13F
Filed Nov 16, 2021
 264 $1.3B

15 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q1 2024

# Holding Reported value % of portfolio
1 USFR WISDOMTREE TR $1.2B 33.2%
2 VOO VANGUARD INDEX FDS $392.0M 10.42%
3 VGIT VANGUARD SCOTTSDALE FDS $185.0M 4.92%
4 AGG ISHARES TR $170.2M 4.52%
5 RSP INVESCO EXCHANGE TRADED FD T $113.2M 3.01%
6 AVGO BROADCOM INC $87.9M 2.34%
7 PPA INVESCO EXCHANGE TRADED FD T $61.8M 1.64%
8 XLV SELECT SECTOR SPDR TR $59.1M 1.57%
9 VWO VANGUARD INTL EQUITY INDEX F $54.9M 1.46%
10 BND VANGUARD BD INDEX FDS $53.4M 1.42%
11 AAPL APPLE INC $46.7M 1.24%
12 EXPD EXPEDITORS INTL WASH INC $44.9M 1.19%
13 KCCA KRANESHARES TRUST $43.4M 1.15%
14 IWF ISHARES TR $40.0M 1.06%
15 VEA VANGUARD TAX-MANAGED FDS $39.7M 1.06%
16 SPY SPDR S&P 500 ETF TR $35.1M 0.93%
17 VTI VANGUARD INDEX FDS $29.9M 0.79%
18 MSFT MICROSOFT CORP $29.0M 0.77%
19 GOOG ALPHABET INC $28.8M 0.76%
20 CRWD CROWDSTRIKE HLDGS INC $22.9M 0.61%

Values as reported on the Q1 2024 Form 13F. Every position is in the holdings table below.

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