Summit Wealth Advisors 13F annual report
Summit Wealth Advisors is an investment fund managing more than $493 billion ran by David Daniel. There are currently 120 companies in Mr. Daniel’s portfolio. The largest investments include First Tr Exchng Traded Fd Vi and Schwab Strategic Tr, together worth $99.4 billion.
$493 billion Assets Under Management (AUM)
As of 5th August 2024, Summit Wealth Advisors’s top holding is 1,504,839 shares of First Tr Exchng Traded Fd Vi currently worth over $53.3 billion and making up 10.8% of the portfolio value.
In addition, the fund holds 590,488 shares of Schwab Strategic Tr worth $46.1 billion.
The third-largest holding is Vanguard Index Fds worth $50.5 billion and the next is Vanguard Whitehall Fds worth $27.4 billion, with 399,977 shares owned.
Currently, Summit Wealth Advisors's portfolio is worth at least $493 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Summit Wealth Advisors
The Summit Wealth Advisors office and employees reside in Lafayette, Louisiana. According to the last 13-F report filed with the SEC, David Daniel serves as the Managing Partner at Summit Wealth Advisors.
Recent trades
In the most recent 13F filing, Summit Wealth Advisors revealed that it had opened a new position in
Dimensional Etf Trust and bought 15,170 shares worth $569 million.
The investment fund also strengthened its position in Schwab Strategic Tr by buying
18,675 additional shares.
This makes their stake in Schwab Strategic Tr total 590,488 shares worth $46.1 billion.
On the other hand, there are companies that Summit Wealth Advisors is getting rid of from its portfolio.
Summit Wealth Advisors closed its position in International Paper Co on 12th August 2024.
It sold the previously owned 135,723 shares for $5.3 billion.
David Daniel also disclosed a decreased stake in First Tr Exchng Traded Fd Vi by approximately 0.1%.
This leaves the value of the investment at $53.3 billion and 1,504,839 shares.
One of the average hedge funds
The two most similar investment funds to Summit Wealth Advisors are Chicago Trust Co Na and Chandler Asset Management. They manage $493 billion and $493 billion respectively.
David Daniel investment strategy
Summit Wealth Advisors’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Industrials — making up 10.3% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
43% of the total holdings value.
On the other hand, small-cap stocks make up only 2.5% of the portfolio.
The average market cap of the portfolio companies is close to $232 billion.
The complete list of Summit Wealth Advisors trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| First Tr Exchng Traded Fd Vi |
1.37%
1,504,839
|
$53,307,831,000 | 10.81% |
| Schwab Strategic Tr |
3.27%
590,488
|
$46,122,528,000 | 9.35% |
| Vanguard Index Fds |
0.08%
154,273
|
$50,460,711,000 | 10.23% |
| Vanguard Whitehall Fds |
3.32%
399,977
|
$27,410,421,000 | 5.56% |
| Proshares Tr |
2.64%
237,404
|
$22,821,628,000 | 4.63% |
| Ishares Tr |
2.88%
919,051
|
$47,898,603,000 | 9.72% |
| Alps Etf Tr |
0.46%
303,492
|
$14,561,569,000 | 2.95% |
| Valero Energy Corp. |
4.05%
85,473
|
$13,398,810,000 | 2.72% |
| Garmin Ltd |
3.49%
74,902
|
$12,202,966,000 | 2.48% |
| RTX Corp |
2.33%
107,978
|
$10,839,954,000 | 2.20% |
| Qualcomm, Inc. |
3.05%
51,592
|
$10,276,007,000 | 2.08% |
| 3M Co. |
13.58%
96,487
|
$9,860,046,000 | 2.00% |
| Cummins Inc. |
2.64%
34,269
|
$9,490,179,000 | 1.92% |
| Genuine Parts Co. |
2.45%
67,260
|
$9,303,442,000 | 1.89% |
| AT&T Inc. |
4.06%
486,439
|
$9,295,858,000 | 1.89% |
| Merck & Co Inc |
2.94%
71,810
|
$8,890,083,000 | 1.80% |
| Apple Inc |
0.22%
38,345
|
$8,076,315,000 | 1.64% |
| Cisco Sys Inc |
1.01%
166,535
|
$7,912,078,000 | 1.60% |
| First Tr Morningstar Divid L |
3.08%
204,208
|
$7,745,599,000 | 1.57% |
| United Parcel Service, Inc. |
3.73%
55,205
|
$7,554,823,000 | 1.53% |
| Sysco Corp. |
0.37%
101,123
|
$7,219,169,000 | 1.46% |
| Hancock Whitney Corp. |
23.99%
143,970
|
$6,886,083,000 | 1.40% |
| Eaton Corp Plc |
3.87%
19,536
|
$6,125,513,000 | 1.24% |
| Exxon Mobil Corp. |
0.11%
49,889
|
$5,743,250,000 | 1.16% |
| International Paper Co. |
Closed
135,723
|
$5,295,905,000 | |
| Chevron Corp. |
0.14%
28,073
|
$4,391,151,000 | 0.89% |
| Microsoft Corporation |
5.76%
8,809
|
$3,937,183,000 | 0.80% |
| Invesco Exchange Traded Fd T |
No change
21,707
|
$3,566,026,000 | 0.72% |
| Devon Energy Corp. |
7.30%
74,908
|
$3,550,639,000 | 0.72% |
| International Business Machs |
4.29%
20,451
|
$3,537,000,000 | 0.72% |
| Spdr Ser Tr |
47.41%
127,986
|
$3,483,779,000 | 0.71% |
| J P Morgan Exchange Traded F |
52.28%
53,465
|
$3,030,396,000 | 0.61% |
| Spdr S&p 500 Etf Tr |
0.26%
5,071
|
$2,759,983,000 | 0.56% |
| JPMorgan Chase & Co. |
0.70%
9,577
|
$1,936,973,000 | 0.39% |
| Pfizer Inc. |
121.00%
69,177
|
$1,935,572,000 | 0.39% |
| First Horizon Corporation |
3.58%
107,614
|
$1,697,073,000 | 0.34% |
| Alphabet Inc |
2.93%
8,780
|
$1,610,428,000 | 0.33% |
| Walmart Inc |
0.28%
23,602
|
$1,598,116,000 | 0.32% |
| Novo-nordisk A S |
No change
9,910
|
$1,414,553,000 | 0.29% |
| Amazon.com Inc. |
1.38%
7,145
|
$1,380,771,000 | 0.28% |
| Unitedhealth Group Inc |
No change
2,511
|
$1,278,752,000 | 0.26% |
| CVS Health Corp |
14.66%
21,423
|
$1,265,242,000 | 0.26% |
| Lamb Weston Holdings Inc |
No change
13,556
|
$1,139,788,000 | 0.23% |
| Conagra Brands Inc |
No change
39,955
|
$1,135,521,000 | 0.23% |
| Broadcom Inc |
2.08%
686
|
$1,101,394,000 | 0.22% |
| Select Sector Spdr Tr |
20.57%
15,574
|
$1,903,832,000 | 0.39% |
| Invesco Exch Traded Fd Tr Ii |
0.01%
24,116
|
$1,071,491,000 | 0.22% |
| Nuveen Mun Value Fd Inc |
18.76%
118,885
|
$1,025,978,000 | 0.21% |
| Abbvie Inc |
No change
5,750
|
$986,240,000 | 0.20% |
| Global X Fds |
19.42%
24,720
|
$880,774,000 | 0.18% |
| Texas Instrs Inc |
No change
4,484
|
$872,273,000 | 0.18% |
| Johnson & Johnson |
10.20%
5,942
|
$868,483,000 | 0.18% |
| Spdr Gold Tr |
20.34%
3,946
|
$848,429,000 | 0.17% |
| Home Bancorp Inc |
4.59%
20,752
|
$830,282,000 | 0.17% |
| Tesla Inc |
2.26%
4,189
|
$828,919,000 | 0.17% |
| Pepsico Inc |
5.05%
4,762
|
$785,397,000 | 0.16% |
| Vanguard Specialized Funds |
No change
4,061
|
$741,414,000 | 0.15% |
| Bank America Corp |
19.76%
18,185
|
$723,217,000 | 0.15% |
| Mainstay Mackay Definedterm |
16.25%
43,546
|
$721,993,000 | 0.15% |
| AMGEN Inc. |
0.72%
2,246
|
$701,763,000 | 0.14% |
| Eli Lilly & Co |
2.12%
769
|
$696,675,000 | 0.14% |
| Visa Inc |
1.78%
2,289
|
$600,794,000 | 0.12% |
| Red River Bancshares, Inc. |
7.41%
12,500
|
$599,875,000 | 0.12% |
| Dimensional Etf Trust |
Opened
15,170
|
$568,723,000 | 0.12% |
| Waste Mgmt Inc Del |
0.16%
2,479
|
$528,870,000 | 0.11% |
| Emcor Group, Inc. |
6.01%
1,391
|
$507,826,000 | 0.10% |
| Realty Income Corp. |
76.69%
9,080
|
$479,606,000 | 0.10% |
| First Tr Exch Traded Fd Iii |
0.77%
27,354
|
$474,858,000 | 0.10% |
| Oneok Inc. |
30.35%
5,738
|
$467,942,000 | 0.09% |
| Target Corp |
No change
3,024
|
$447,673,000 | 0.09% |
| The Southern Co. |
15.19%
5,700
|
$442,149,000 | 0.09% |
| Philip Morris International Inc |
0.26%
4,171
|
$422,612,000 | 0.09% |
| Conocophillips |
1.15%
3,688
|
$421,833,000 | 0.09% |
| Origin Bancorp Inc |
No change
13,217
|
$419,243,000 | 0.09% |
| Boeing Co. |
5.82%
2,238
|
$407,338,000 | 0.08% |
| Alps Etf Tr |
Opened
7,634
|
$403,304,000 | 0.08% |
| Coca-Cola Co |
14.25%
6,156
|
$391,813,000 | 0.08% |
| Bristol-Myers Squibb Co. |
24.64%
9,433
|
$391,752,000 | 0.08% |
| Western Asset Inter Muni Fd |
7.46%
49,606
|
$389,903,000 | 0.08% |
| Mastercard Incorporated |
No change
872
|
$384,692,000 | 0.08% |
| Blackrock Mun Target Term Tr |
12.10%
17,075
|
$354,648,000 | 0.07% |
| NVIDIA Corp |
Opened
2,807
|
$346,777,000 | 0.07% |
| Costco Whsl Corp New |
No change
401
|
$340,846,000 | 0.07% |
| Energy Transfer L P |
5.01%
21,004
|
$340,685,000 | 0.07% |
| Bank New York Mellon Corp |
No change
5,610
|
$335,983,000 | 0.07% |
| Novartis AG |
No change
3,038
|
$323,425,000 | 0.07% |
| Ishares Tr |
Opened
3,500
|
$321,230,000 | 0.07% |
| Catalyst Bancorp Inc |
No change
26,800
|
$310,344,000 | 0.06% |
| Seagate Technology Hldngs Pl |
No change
3,005
|
$310,326,000 | 0.06% |
| Netapp Inc |
No change
2,339
|
$301,263,000 | 0.06% |
| HP Inc |
Opened
8,582
|
$300,542,000 | 0.06% |
| Wisdomtree Tr |
Opened
3,796
|
$296,278,000 | 0.06% |
| VanEck ETF Trust |
17.31%
8,600
|
$291,798,000 | 0.06% |
| Procter And Gamble Co |
2.26%
1,768
|
$291,579,000 | 0.06% |
| Kimberly-Clark Corp. |
4.59%
2,078
|
$287,180,000 | 0.06% |
| Ishares Gold Tr |
No change
6,367
|
$279,702,000 | 0.06% |
| First Tr Exchng Traded Fd Vi |
Opened
5,767
|
$279,123,000 | 0.06% |
| Newmont Corp |
No change
6,439
|
$269,601,000 | 0.05% |
| Nuveen Amt Free Qlty Mun Inc |
23.78%
23,400
|
$268,164,000 | 0.05% |
| Linde Plc. |
No change
608
|
$266,796,000 | 0.05% |
| Aflac Inc. |
12.60%
2,963
|
$264,626,000 | 0.05% |
| Berkshire Hathaway Inc. |
6.57%
649
|
$264,013,000 | 0.05% |
| Home Depot, Inc. |
0.79%
766
|
$263,688,000 | 0.05% |
| Ford Mtr Co Del |
No change
19,303
|
$242,060,000 | 0.05% |
| Dws Mun Income Tr New |
1.93%
25,400
|
$240,538,000 | 0.05% |
| Alphabet Inc |
Opened
1,303
|
$237,351,000 | 0.05% |
| Blackstone Inc |
51.23%
1,908
|
$236,210,000 | 0.05% |
| General Mls Inc |
No change
3,550
|
$224,573,000 | 0.05% |
| Invesco Mun Opportunity Tr |
22.23%
22,130
|
$223,070,000 | 0.05% |
| Emerson Elec Co |
No change
2,000
|
$220,320,000 | 0.04% |
| Allstate Corp (The) |
2.41%
1,361
|
$217,297,000 | 0.04% |
| Viking Therapeutics Inc |
36.73%
4,095
|
$217,076,000 | 0.04% |
| Blackstone Strategic Cred 20 |
No change
18,100
|
$215,209,000 | 0.04% |
| Union Pac Corp |
No change
950
|
$214,947,000 | 0.04% |
| Phillips 66 |
Closed
1,312
|
$214,254,000 | |
| Hewlett Packard Enterprise C |
Opened
10,106
|
$213,944,000 | 0.04% |
| Ishares Inc |
30.90%
1,990
|
$208,234,000 | 0.04% |
| Spdr S&p Midcap 400 Etf Tr |
0.26%
386
|
$206,438,000 | 0.04% |
| Simmons 1st Natl Corp |
No change
11,590
|
$203,752,000 | 0.04% |
| Archrock Inc |
No change
10,000
|
$202,200,000 | 0.04% |
| Altimmune Inc |
Opened
27,805
|
$184,903,000 | 0.04% |
| Tellurian Inc |
No change
36,035
|
$24,958,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 122 holdings | |||
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