0001398344-14-000603.txt : 20140205 0001398344-14-000603.hdr.sgml : 20140205 20140205155145 ACCESSION NUMBER: 0001398344-14-000603 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131231 FILED AS OF DATE: 20140205 DATE AS OF CHANGE: 20140205 EFFECTIVENESS DATE: 20140205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Summit Asset Management, LLC CENTRAL INDEX KEY: 0001509974 IRS NUMBER: 621765323 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14078 FILM NUMBER: 14576121 BUSINESS ADDRESS: STREET 1: 5100 WHEELIS DRIVE, SUITE 107 CITY: MEMPHIS STATE: TN ZIP: 38117 BUSINESS PHONE: 901-729-8100 MAIL ADDRESS: STREET 1: 5100 WHEELIS DRIVE, SUITE 107 CITY: MEMPHIS STATE: TN ZIP: 38117 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001509974 XXXXXXXX 12-31-2013 12-31-2013 false Summit Asset Management, LLC

5100 Wheelis Drive, Suite 107 Memphis TN 38117

13F HOLDINGS REPORT 028-14078 N Lance Wayne Hollingsworth 901-729-8100 /s/ Lance Wayne Hollingsworth MEMPHIS TN 02-03-2014 0 89 126566 INFORMATION TABLE 2 fp0009410_13fhr-table.xml 13F INFORMATION TABLE 3M CO COM 88579Y101 327 2333 SH SOLE 2333 0 0 ABBOTT LABS COM 002824100 245 6393 SH SOLE 3328 0 3065 ABBVIE INC COM 00287Y109 274 5192 SH SOLE 2127 0 3065 ANNALY CAP MGMT INC COM 035710409 112 11200 SH SOLE 9000 0 2200 APPLE INC COM 037833100 514 916 SH SOLE 828 0 88 AT&T INC COM 00206R102 971 27604 SH SOLE 25229 0 2375 AUTOZONE INC COM 053332102 865 1809 SH SOLE 1559 0 250 BERKSHIRE HATHAWAY INC DEL CL A 084670108 712 400 SH SOLE 400 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2984 25165 SH SOLE 21555 0 3610 BRISTOL MYERS SQUIBB CO COM 110122108 498 9369 SH SOLE 7556 0 1813 CAPITAL ONE FINL CORP COM 14040H105 256 3342 SH SOLE 3342 0 0 CENTURYLINK INC COM 156700106 260 8175 SH SOLE 8175 0 0 SCHWAB CHARLES CORP NEW COM 808513105 362 13916 SH SOLE 7316 0 6600 CHEVRON CORP NEW COM 166764100 777 6217 SH SOLE 5325 0 892 CHIMERA INVT CORP COM 16934Q109 99 32000 SH SOLE 32000 0 0 CME GROUP INC COM 12572Q105 235 3000 SH SOLE 0 0 3000 COCA COLA CO COM 191216100 722 17483 SH SOLE 15535 0 1948 CONOCOPHILLIPS COM 20825C104 347 4914 SH SOLE 2210 0 2704 DIRECTV COM 25490A309 387 5608 SH SOLE 5608 0 0 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 8618 52084 SH SOLE 48859 0 3225 ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 237 2900 SH SOLE 900 0 2000 ENTERPRISE PRODS PARTNERS L COM 293792107 725 10941 SH SOLE 3891 0 7050 EXXON MOBIL CORP COM 30231G102 2696 26642 SH SOLE 22208 0 4434 FEDEX CORP COM 31428X106 956 6650 SH SOLE 5575 0 1075 FIRST HORIZON NATL CORP COM 320517105 1184 101667 SH SOLE 93398 0 8269 GTX INC DEL COM 40052B108 46 28161 SH SOLE 28161 0 0 GENERAL ELECTRIC CO COM 369604103 1053 37577 SH SOLE 36717 0 860 GENESIS ENERGY L P UNIT LTD PARTN 371927104 923 17550 SH SOLE 16800 0 750 CLAYMORE EXCHANGE TRD FD TR GUGG BULL 2014 18383M431 4313 161724 SH SOLE 142624 0 19100 CLAYMORE EXCHANGE TRD FD TR GUGG BULL 2015 18383M423 4285 160024 SH SOLE 141360 0 18664 CLAYMORE EXCHANGE TRD FD TR GUG BLT2016 HY 18383M415 4046 149727 SH SOLE 131843 0 17884 INTERNATIONAL BUSINESS MACHS COM 459200101 1574 8391 SH SOLE 8391 0 0 IDEXX LABS INC COM 45168D104 510 4793 SH SOLE 4793 0 0 ISHARES S&P 500 VAL ETF 464287408 446 5217 SH SOLE 5217 0 0 ISHARES S&P MC 400GR ETF 464287606 317 2112 SH SOLE 2112 0 0 ISHARES CORE S&P SCP ETF 464287804 384 3515 SH SOLE 3515 0 0 ISHARES GOLD TRUST ISHARES 464285105 195 16720 SH SOLE 16720 0 0 ISHARES MRNGSTR LG-CP GR 464287119 296 2966 SH SOLE 2966 0 0 ISHARES MRNGSTR LG-CP VL 464288109 267 3325 SH SOLE 3325 0 0 ISHARES MRGSTR MD CP ETF 464288208 652 5043 SH SOLE 5043 0 0 ISHARES MRGSTR MD CP GRW 464288307 9141 64094 SH SOLE 59855 0 4239 ISHARES MRGSTR MD CP VAL 464288406 316 2765 SH SOLE 2765 0 0 ISHARES MSCI EAFE ETF 464287465 515 7676 SH SOLE 7676 0 0 ISHARES CORE S&P500 ETF 464287200 928 5000 SH SOLE 4775 0 225 JOHNSON & JOHNSON COM 478160104 1160 12667 SH SOLE 11602 0 1065 JPMORGAN CHASE & CO COM 46625H100 202 3450 SH SOLE 3450 0 0 MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 331 5234 SH SOLE 1234 0 4000 MCDONALDS CORP COM 580135101 204 2105 SH SOLE 1905 0 200 MICROSOFT CORP COM 594918104 431 11530 SH SOLE 11030 0 500 MID-AMER APT CMNTYS INC COM 59522J103 495 8150 SH SOLE 6350 0 1800 MONDELEZ INTL INC CL A 609207105 260 7369 SH SOLE 6469 0 900 POWERSHARES QQQ TRUST UNIT SER 1 73935A104 205 2330 SH SOLE 2330 0 0 NEXTERA ENERGY INC COM 65339F101 242 2825 SH SOLE 2825 0 0 NUVEEN REAL ESTATE INCOME FD COM 67071B108 127 13300 SH SOLE 0 0 13300 PPG INDS INC COM 693506107 897 4728 SH SOLE 4728 0 0 PEPSICO INC COM 713448108 367 4423 SH SOLE 4363 0 60 PFIZER INC COM 717081103 681 22229 SH SOLE 17219 0 5010 PHILIP MORRIS INTL INC COM 718172109 416 4772 SH SOLE 4772 0 0 PIMCO ETF TR ENHAN SHRT MAT 72201R833 4131 40767 SH SOLE 37012 0 3755 PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 303 5860 SH SOLE 3260 0 2600 PLUM CREEK TIMBER CO INC COM 729251108 309 6650 SH SOLE 3150 0 3500 PROCTER & GAMBLE CO COM 742718109 1876 23048 SH SOLE 21848 0 1200 PUBLIC STORAGE COM 74460D109 259 1720 SH SOLE 1720 0 0 RENASANT CORP COM 75970E107 207 6577 SH SOLE 6397 0 180 ROYAL BK CDA MONTREAL QUE COM 780087102 409 6091 SH SOLE 6091 0 0 RYDEX ETF TRUST GUG RUSS TOP 50 78355W205 396 3053 SH SOLE 2042 0 1011 SCHWAB STRATEGIC TR SHT TM US TRES 808524862 600 11865 SH SOLE 11865 0 0 SCHWAB STRATEGIC TR EMRG MKTEQ ETF 808524706 286 11632 SH SOLE 11056 0 576 SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 7721 244868 SH SOLE 227061 0 17807 SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 520 11795 SH SOLE 11795 0 0 SCHWAB STRATEGIC TR US MID-CAP ETF 808524508 911 24326 SH SOLE 22597 0 1729 SCHWAB STRATEGIC TR US SML CAP ETF 808524607 878 16727 SH SOLE 16353 0 374 SCHWAB STRATEGIC TR US BRD MKT ETF 808524102 265 5880 SH SOLE 5525 0 355 SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 21392 583533 SH SOLE 541783 0 41750 SCHWAB STRATEGIC TR US LCAP GR ETF 808524300 10005 221150 SH SOLE 204833 0 16317 SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 9533 234043 SH SOLE 217418 0 16625 SPDR SERIES TRUST S&P DIVID ETF 78464A763 419 5763 SH SOLE 4288 0 1475 SUNTRUST BKS INC COM 867914103 384 10438 SH SOLE 6938 0 3500 TJX COS INC NEW COM 872540109 272 4270 SH SOLE 4270 0 0 TORCHMARK CORP COM 891027104 347 4443 SH SOLE 4443 0 0 TRACTOR SUPPLY CO COM 892356106 339 4366 SH SOLE 4366 0 0 UNION PAC CORP COM 907818108 396 2360 SH SOLE 2360 0 0 VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 200 2505 SH SOLE 2505 0 0 VANGUARD INDEX FDS MID CAP ETF 922908629 220 1997 SH SOLE 1997 0 0 VANGUARD INDEX FDS REIT ETF 922908553 602 9327 SH SOLE 9327 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 345 7019 SH SOLE 6094 0 925 WALGREEN CO COM 931422109 489 8518 SH SOLE 7112 0 1406 WAL-MART STORES INC COM 931142103 625 7939 SH SOLE 6739 0 1200 WELLS FARGO & CO NEW COM 949746101 337 7429 SH SOLE 5629 0 1800