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Portfolio (Quarterly) Guide ↗

Summit Trail Advisors, LLC

· CIK 0001698478
13F Portfolio $7.0B AUM 1,441 positions Filed May 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 199 New 939 Added 237 Reduced 61 Exited
Page 44 of 73  ·  1,441 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
861 VHT VANGUARD WORLD FD 4,331.0 $1.2M 0.02% +450.0 +11.6% $272.33 +1.5%
862 IWL ISHARES TR 7,310.0 $1.2M 0.02% NEW $160.48 +15.1%
863 RGLD ROYAL GOLD INC Basic Materials 4,598.0 $1.2M 0.02% +737.0 +19.1% $254.50 -12.3%
864 ZBRA ZEBRA TECHNOLOGIES CORPORATI Technology 5,584.0 $1.2M 0.02% -715.0 -11.3% $209.08 +16.4%
865 LEN LENNAR CORP Consumer Cyclical 13,440.0 $1.2M 0.02% -2K -14.9% $86.84 +2.3%
866 MFG MIZUHO FINANCIAL GROUP INC Financial Services 146,996.0 $1.2M 0.02% +133K +978.7% $7.94 +16.8%
867 Z ZILLOW GROUP INC Communication Services 28,073.0 $1.2M 0.02% +11K +60.5% $41.38 -11.9%
868 IVE ISHARES TR 5,476.0 $1.2M 0.02% +2K +41.8% $211.14 +7.1%
869 TLN TALEN ENERGY CORP Utilities 3,617.0 $1.2M 0.02% $319.23 +7.9%
870 SUI SUN CMNTYS INC Real Estate 9,156.0 $1.2M 0.02% -249.0 -2.6% $125.96 -2.4%
871 LPX LOUISIANA PAC CORP Basic Materials 15,800.0 $1.1M 0.02% +4K +28.6% $72.75 -3.6%
872 IART INTEGRA LIFESCIENCES HLDGS C Healthcare 121,616.0 $1.1M 0.02% +52K +75.4% $9.42 +60.5%
873 PPL PPL CORP Utilities 29,924.0 $1.1M 0.02% +3K +12.8% $38.20 -7.2%
874 MUC BLACKROCK MUNIHLDNGS CALI Financial Services 109,315.0 $1.1M 0.02% +99K +966.2% $10.40 +1.5%
875 KRC KILROY REALTY CORP Real Estate 40,243.0 $1.1M 0.02% -39K -49.3% $28.21 +21.0%
876 APTIV PLC 16,326.0 $1.1M 0.02% +726.0 +4.7% $69.44
877 NVCR NOVOCURE LTD Healthcare 103,995.0 $1.1M 0.02% +19K +22.0% $10.90 +64.2%
878 AFRM AFFIRM HLDGS INC Technology 24,719.0 $1.1M 0.02% +4K +21.2% $45.82 +46.6%
879 CNA CNA FINL CORP Financial Services 24,619.0 $1.1M 0.02% +7K +36.4% $45.92 -3.5%
880 GLRE GREENLIGHT CAP RE LTD Financial Services 65,209.0 $1.1M 0.02% +28K +77.5% $17.29 +1.9%
Page 44 of 73  ·  1,441 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 32.0%
Financial Services 14.4%
Industrials 11.3%
Communication Services 9.4%
Consumer Cyclical 8.6%
Consumer Defensive 7.4%
Healthcare 7.0%
Energy 3.5%
Real Estate 2.4%
Utilities 2.1%