Chief Investment Officer

0001398344-23-020166.txt : 20231106 0001398344-23-020166.hdr.sgml : 20231106 20231106090003 ACCESSION NUMBER: 0001398344-23-020166 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231106 DATE AS OF CHANGE: 20231106 EFFECTIVENESS DATE: 20231106 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: 231378496 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 X0202 13F-HR LIVE false false false 0001509974 XXXXXXXX 09-30-2023 09-30-2023 false Summit Asset Management, LLC

5100 WHEELIS DRIVE, SUITE 107 MEMPHIS TN 38117

13F HOLDINGS REPORT 028-14078 000109606 801-56221 N Lance Wayne Hollingsworth Chief Investment Officer 901-729-8100 /s/ Lance Wayne Hollingsworth Memphis TN 10-16-2023 0 150 368277403 INFORMATION TABLE 2 fp0085672-1_13fhr-table.xml 3M CO COM 88579Y101 284230 3036 SH SOLE 0 0 3036 ABBOTT LABS COM 002824100 355178 3667 SH SOLE 0 0 3667 ABBVIE INC COM 00287Y109 652762 4379 SH SOLE 0 0 4379 ALPHABET INC CAP STK CL A 02079K305 368633 2817 SH SOLE 0 0 2817 ALPHABET INC CAP STK CL C 02079K107 1150259 8724 SH SOLE 0 0 8724 AMAZON COM INC COM 023135106 2274431 17892 SH SOLE 0 0 17892 APPLE INC COM 037833100 7374785 43075 SH SOLE 0 0 43075 AT&T INC COM 00206R102 684808 45593 SH SOLE 0 0 45593 AUTOMATIC DATA PROCESSING IN COM 053015103 273539 1137 SH SOLE 0 0 1137 AUTOZONE INC COM 053332102 4869161 1917 SH SOLE 0 0 1917 BANK AMERICA CORP COM 060505104 522454 19082 SH SOLE 0 0 19082 BERKSHIRE HATHAWAY INC DEL CL A 084670108 3188862 600 SH SOLE 0 0 600 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 12394315 35382 SH SOLE 0 0 35382 BRISTOL-MYERS SQUIBB CO COM 110122108 458400 7898 SH SOLE 0 0 7898 CANADIAN PACIFIC KANSAS CITY COM 13646K108 439465 5906 SH SOLE 0 0 5906 CARMAX INC COM 143130102 232348 3285 SH SOLE 0 0 3285 SCHWAB CHARLES CORP COM 808513105 728194 13264 SH SOLE 0 0 13264 CHEVRON CORP NEW COM 166764100 669984 3973 SH SOLE 0 0 3973 CISCO SYS INC COM 17275R102 330867 6155 SH SOLE 0 0 6155 CNH INDL N V SHS N20944109 290400 24000 SH SOLE 0 0 24000 COCA COLA CO COM 191216100 1209203 21601 SH SOLE 0 0 21601 COSTCO WHSL CORP NEW COM 22160K105 659873 1168 SH SOLE 0 0 1168 CREDIT ACCEP CORP MICH COM 225310101 222698 484 SH SOLE 0 0 484 CROWN HLDGS INC COM 228368106 397629 4494 SH SOLE 0 0 4494 CVS HEALTH CORP COM 126650100 363064 5200 SH SOLE 0 0 5200 DANAHER CORPORATION COM 235851102 285067 1149 SH SOLE 0 0 1149 DEERE & CO COM 244199105 313225 830 SH SOLE 0 0 830 DIMENSIONAL ETF TRUST US EQUITY ETF 25434V401 667760 14345 SH SOLE 0 0 14345 DIMENSIONAL ETF TRUST US SMALL CAP ETF 25434V500 273840 5217 SH SOLE 0 0 5217 DIMENSIONAL ETF TRUST US MKTWIDE VALUE 25434V724 297398 8742 SH SOLE 0 0 8742 DOMINION ENERGY INC COM 25746U109 289283 6476 SH SOLE 0 0 6476 SPDR DOW JONES INDL AVERAGE UT SER 1 78467X109 5273118 15743 SH SOLE 0 0 15743 DUKE ENERGY CORP NEW COM NEW 26441C204 245981 2787 SH SOLE 0 0 2787 EXCHANGE TRADED CONCEPTS TR EMQQ EM INTERN 301505889 231132 7867 SH SOLE 0 0 7867 EMERSON ELEC CO COM 291011104 606073 6276 SH SOLE 0 0 6276 ENTERPRISE PRODS PARTNERS L COM 293792107 263245 9618 SH SOLE 0 0 9618 EXPEDITORS INTL WASH INC COM 302130109 918186 8010 SH SOLE 0 0 8010 EXXON MOBIL CORP COM 30231G102 2890174 24580 SH SOLE 0 0 24580 META PLATFORMS INC CL A 30303M102 213449 711 SH SOLE 0 0 711 FASTENAL CO COM 311900104 474712 8688 SH SOLE 0 0 8688 FEDEX CORP COM 31428X106 1992363 7521 SH SOLE 0 0 7521 SELECT SECTOR SPDR TR FINANCIAL 81369Y605 254500 7673 SH SOLE 0 0 7673 FIRST HORIZON CORPORATION COM 320517105 126098 11443 SH SOLE 0 0 11443 GENERAL DYNAMICS CORP COM 369550108 341841 1547 SH SOLE 0 0 1547 GLOBE LIFE INC COM 37959E102 680815 6262 SH SOLE 0 0 6262 HOME DEPOT INC COM 437076102 1033992 3422 SH SOLE 0 0 3422 HONEYWELL INTL INC COM 438516106 494180 2675 SH SOLE 0 0 2675 INTERNATIONAL BUSINESS MACHS COM 459200101 844446 6019 SH SOLE 0 0 6019 ISHARES TR IBONDS DEC23 ETF 46434VAX8 13359059 526777 SH SOLE 0 0 526777 ISHARES TR IBONDS DEC24 ETF 46434VBG4 13530426 547126 SH SOLE 0 0 547126 ISHARES TR IBONDS DEC25 ETF 46434VBD1 13402274 549950 SH SOLE 0 0 549950 ISHARES TR IBONDS DEC2026 46435GAA0 632262 27095 SH SOLE 0 0 27095 IDEXX LABS INC COM 45168D104 3426010 7835 SH SOLE 0 0 7835 SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 22031123 648737 SH SOLE 0 0 648737 INVESCO QQQ TR UNIT SER 1 46090E103 1389579 3879 SH SOLE 0 0 3879 INVESCO EXCHANGE TRADED FD T S&P 500 TOP 50 46137V233 453026 13340 SH SOLE 0 0 13340 ISHARES TR CORE S&P MCP ETF 464287507 552560 2216 SH SOLE 0 0 2216 ISHARES TR 7-10 YR TRSY BD 464287440 366360 4000 SH SOLE 0 0 4000 ISHARES TR CORE S&P500 ETF 464287200 1740480 4053 SH SOLE 0 0 4053 ISHARES TR HDG MSCI EAFE 46434V803 579004 19236 SH SOLE 0 0 19236 ISHARES TR FLTG RATE NT ETF 46429B655 313686 6164 SH SOLE 0 0 6164 ISHARES TR CORE US AGGBD ET 464287226 1676827 17831 SH SOLE 0 0 17831 ISHARES TR MORNINGSTAR GRWT 464287119 541920 9085 SH SOLE 0 0 9085 ISHARES TR MORNINGSTAR VALU 464288109 329679 5090 SH SOLE 0 0 5090 ISHARES TR MRGSTR MD CP ETF 464288208 588639 9855 SH SOLE 0 0 9855 ISHARES TR MRGSTR MD CP GRW 464288307 3528863 61769 SH SOLE 0 0 61769 ISHARES TR MRGSTR MD CP VAL 464288406 271201 4476 SH SOLE 0 0 4476 ISHARES TR MSCI EAFE ETF 464287465 951923 13812 SH SOLE 0 0 13812 DBX ETF TR XTRACK MSCI EURP 233051853 1871728 52814 SH SOLE 0 0 52814 ISHARES TR RUS 1000 ETF 464287622 281892 1200 SH SOLE 0 0 1200 ISHARES TR S&P 500 GRWT ETF 464287309 370426 5414 SH SOLE 0 0 5414 ISHARES TR S&P 500 VAL ETF 464287408 794122 5162 SH SOLE 0 0 5162 ISHARES TR NATIONAL MUN ETF 464288414 281985 2750 SH SOLE 0 0 2750 ISHARES TR IBONDS 23 TRM TS 46436E882 395134 15920 SH SOLE 0 0 15920 ISHARES TR IBONDS 24 TRM TS 46436E874 463402 19438 SH SOLE 0 0 19438 ISHARES TR CORE S&P SCP ETF 464287804 14004587 148464 SH SOLE 0 0 148464 JOHNSON & JOHNSON COM 478160104 2210917 14195 SH SOLE 0 0 14195 JOHNSON CTLS INTL PLC SHS G51502105 481284 9045 SH SOLE 0 0 9045 J P MORGAN EXCHANGE TRADED F ULTRA SHRT INC 46641Q837 224806 4480 SH SOLE 0 0 4480 JPMORGAN CHASE & CO COM 46625H100 892743 6156 SH SOLE 0 0 6156 ELI LILLY & CO COM 532457108 751445 1399 SH SOLE 0 0 1399 MASTERCARD INCORPORATED CL A 57636Q104 421644 1065 SH SOLE 0 0 1065 MCDONALDS CORP COM 580135101 388442 1475 SH SOLE 0 0 1475 MERCK & CO INC COM 58933Y105 607830 5904 SH SOLE 0 0 5904 MICROSOFT CORP COM 594918104 4806633 15223 SH SOLE 0 0 15223 MID-AMER APT CMNTYS INC COM 59522J103 947900 7368 SH SOLE 0 0 7368 MONDELEZ INTL INC CL A 609207105 350401 5049 SH SOLE 0 0 5049 NEXTERA ENERGY INC COM 65339F101 769202 13426 SH SOLE 0 0 13426 NIKE INC CL B 654106103 238476 2494 SH SOLE 0 0 2494 NVIDIA CORPORATION COM 67066G104 2392201 5499 SH SOLE 0 0 5499 ORACLE CORP COM 68389X105 357904 3379 SH SOLE 0 0 3379 OREILLY AUTOMOTIVE INC COM 67103H107 450795 496 SH SOLE 0 0 496 PEPSICO INC COM 713448108 1194580 7050 SH SOLE 0 0 7050 PFIZER INC COM 717081103 734640 22148 SH SOLE 0 0 22148 PHILLIPS 66 COM 718546104 213768 1779 SH SOLE 0 0 1779 PIMCO ETF TR ENHAN SHRT MA AC 72201R833 607149 6063 SH SOLE 0 0 6063 PINNACLE FINL PARTNERS INC COM 72346Q104 593182 8848 SH SOLE 0 0 8848 PROCTER AND GAMBLE CO COM 742718109 3356509 23012 SH SOLE 0 0 23012 PROGRESSIVE CORP COM 743315103 821174 5895 SH SOLE 0 0 5895 PUBLIC STORAGE COM 74460D109 453254 1720 SH SOLE 0 0 1720 RTX CORPORATION COM 75513E101 439233 6103 SH SOLE 0 0 6103 EXCHANGE TRADED CONCEPTS TR ROBO GLB ETF 301505707 208692 4144 SH SOLE 0 0 4144 ROCKWELL AUTOMATION INC COM 773903109 398503 1394 SH SOLE 0 0 1394 ROYAL BK CDA COM 780087102 336207 3845 SH SOLE 0 0 3845 SPDR S&P 500 ETF TR TR UNIT 78462F103 1561430 3653 SH SOLE 0 0 3653 SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 263938 578 SH SOLE 0 0 578 SCHWAB STRATEGIC TR INTERNL DIVID 808524672 16235194 705878 SH SOLE 0 0 705878 SCHWAB STRATEGIC TR SHT TM US TRES 808524862 631621 13189 SH SOLE 0 0 13189 SSGA ACTIVE ETF TR SPDR TR TACTIC 78467V848 1387110 35889 SH SOLE 0 0 35889 SPDR SER TR S&P DIVID ETF 78464A763 313172 2723 SH SOLE 0 0 2723 STEREOTAXIS INC COM NEW 85916J409 26165 16560 SH SOLE 0 0 16560 TJX COS INC NEW COM 872540109 1270273 14292 SH SOLE 0 0 14292 T ROWE PRICE ETF INC PRICE BLUE CHIP 87283Q107 1786368 65772 SH SOLE 0 0 65772 TEXAS INSTRS INC COM 882508104 230565 1450 SH SOLE 0 0 1450 SOUTHERN CO COM 842587107 365728 5651 SH SOLE 0 0 5651 TRACTOR SUPPLY CO COM 892356106 830475 4090 SH SOLE 0 0 4090 TRUIST FINL CORP COM 89832Q109 260991 9122 SH SOLE 0 0 9122 SCHWAB STRATEGIC TR US BRD MKT ETF 808524102 368638 7395 SH SOLE 0 0 7395 SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 39129620 552991 SH SOLE 0 0 552991 SCHWAB STRATEGIC TR US LCAP GR ETF 808524300 23579150 324246 SH SOLE 0 0 324246 SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 618585 12225 SH SOLE 0 0 12225 SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 16206673 251422 SH SOLE 0 0 251422 SCHWAB STRATEGIC TR US MID-CAP ETF 808524508 23591476 348574 SH SOLE 0 0 348574 SCHWAB STRATEGIC TR US SML CAP ETF 808524607 1020930 24648 SH SOLE 0 0 24648 UNION PAC CORP COM 907818108 1564888 7685 SH SOLE 0 0 7685 UNITED PARCEL SERVICE INC CL B 911312106 556561 3571 SH SOLE 0 0 3571 UNITEDHEALTH GROUP INC COM 91324P102 210751 418 SH SOLE 0 0 418 VANECK ETF TRUST MRNGSTR WDE MOAT 92189F643 21312329 281017 SH SOLE 0 0 281017 VANGUARD SPECIALIZED FUNDS DIV APP ETF 921908844 210385 1354 SH SOLE 0 0 1354 VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 4525551 78121 SH SOLE 0 0 78121 VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 304310 1294 SH SOLE 0 0 1294 VANGUARD INDEX FDS MID CAP ETF 922908629 265922 1277 SH SOLE 0 0 1277 VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 1065395 2713 SH SOLE 0 0 2713 VANGUARD ADMIRAL FDS INC 500 GRTH IDX F 921932505 747678 3029 SH SOLE 0 0 3029 VANGUARD ADMIRAL FDS INC SMLCP 600 GRTH 921932794 711663 7546 SH SOLE 0 0 7546 VANGUARD INDEX FDS SM CP VAL ETF 922908611 239235 1500 SH SOLE 0 0 1500 VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 267196 5555 SH SOLE 0 0 5555 VANGUARD STAR FDS VG TL INTL STK F 921909768 470972 8800 SH SOLE 0 0 8800 VANGUARD INDEX FDS TOTAL STK MKT 922908769 988556 4654 SH SOLE 0 0 4654 VANGUARD BD INDEX FDS VANGUARD ULTRA 92203C303 881977 17930 SH SOLE 0 0 17930 VANGUARD INDEX FDS VALUE ETF 922908744 354204 2568 SH SOLE 0 0 2568 VERIZON COMMUNICATIONS INC COM 92343V104 532081 16417 SH SOLE 0 0 16417 VIRTUS ETF TR II SEIX SR LN ETF 92790A405 324171 13575 SH SOLE 0 0 13575 VISA INC COM CL A 92826C839 1291355 5614 SH SOLE 0 0 5614 WALMART INC COM 931142103 2830209 17697 SH SOLE 0 0 17697 DISNEY WALT CO COM 254687106 420178 5184 SH SOLE 0 0 5184 WASTE MGMT INC DEL COM 94106L109 204612 1342 SH SOLE 0 0 1342 WELLS FARGO CO NEW COM 949746101 339955 8320 SH SOLE 0 0 8320 WEC ENERGY GROUP INC COM 92939U106 268634 3335 SH SOLE 0 0 3335 WISDOMTREE TR ITL HDG QTLY DIV 97717X594 14526422 374972 SH SOLE 0 0 374972