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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 11 of 47  ·  939 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 XEL XCEL ENERGY INC Utilities 44,564.0 $3.5M 0.05% +1K +3.0% $79.44 +0.5%
202 AEP AMERICAN ELEC PWR CO INC Utilities 26,890.0 $3.5M 0.05% +8K +41.1% $131.08 -1.1%
203 ADP AUTOMATIC DATA PROCESSING IN Industrials 17,294.0 $3.5M 0.05% +4K +31.5% $203.18 +8.3%
204 SO SOUTHERN CO Utilities 36,308.0 $3.5M 0.05% +14K +60.3% $96.52 -3.0%
205 MKSI MKS INC. Technology 15,248.0 $3.5M 0.05% +1K +7.6% $229.81 +36.3%
206 BDX BECTON DICKINSON & CO Healthcare 22,261.0 $3.5M 0.05% +8K +53.3% $157.23 -7.0%
207 CASY CASEYS GEN STORES INC Consumer Cyclical 4,783.0 $3.5M 0.05% +627.0 +15.1% $727.86 +13.3%
208 PLD PROLOGIS INC. Real Estate 26,315.0 $3.5M 0.05% +7K +36.0% $132.18 +9.5%
209 CEG CONSTELLATION ENERGY CORP Utilities 12,364.0 $3.5M 0.05% +4K +52.9% $279.25 +2.4%
210 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 107,747.0 $3.4M 0.05% +4K +3.7% $32.01 +2.5%
211 SPOT SPOTIFY TECHNOLOGY S A Communication Services 7,108.0 $3.4M 0.05% +2K +43.5% $484.91 -10.6%
212 TYL TYLER TECHNOLOGIES INC Technology 9,975.0 $3.4M 0.05% +4K +78.0% $342.38 -7.3%
213 NOC NORTHROP GRUMMAN CORP Industrials 4,969.0 $3.4M 0.05% +102.0 +2.1% $682.30 -19.2%
214 PAYX PAYCHEX INC Industrials 36,585.0 $3.4M 0.05% +19K +105.9% $92.12 +2.3%
215 CFG CITIZENS FINL GROUP INC Financial Services 56,154.0 $3.4M 0.05% +11K +25.3% $59.97 +4.7%
216 ULTA ULTA BEAUTY INC Consumer Cyclical 6,415.0 $3.4M 0.05% +863.0 +15.5% $522.71 -5.7%
217 IVW ISHARES TR 29,612.0 $3.3M 0.05% +14K +85.8% $113.11 +20.8%
218 MTCH MATCH GROUP INC NEW Communication Services 109,030.0 $3.3M 0.05% +54K +96.4% $30.71 +16.1%
219 RCL ROYAL CARIBBEAN GROUP Consumer Cyclical 12,148.0 $3.3M 0.05% +2K +22.0% $275.17 -7.7%
220 LITE LUMENTUM HLDGS INC Technology 4,741.0 $3.3M 0.05% +336.0 +7.6% $702.76 +37.2%
Page 11 of 47  ·  939 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%