Chief Investment Officer

0001398344-23-009552.txt : 20230512 0001398344-23-009552.hdr.sgml : 20230512 20230511205852 ACCESSION NUMBER: 0001398344-23-009552 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230512 DATE AS OF CHANGE: 20230511 EFFECTIVENESS DATE: 20230512 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: 23912835 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 03-31-2023 03-31-2023 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 05-09-2023 0 152 363364226 INFORMATION TABLE 2 fp0083328-1_13fhr-table.xml 3M CO COM 88579Y101 442093 4206 SH SOLE 4206 0 0 ABBOTT LABS COM 002824100 375907 3712 SH SOLE 3712 0 0 ABBVIE INC COM 00287Y109 705778 4429 SH SOLE 4429 0 0 ALPHABET INC CAP STK CL A 02079K305 294593 2840 SH SOLE 2840 0 0 ALPHABET INC CAP STK CL C 02079K107 928096 8924 SH SOLE 8924 0 0 AMAZON COM INC COM 023135106 1848065 17892 SH SOLE 17892 0 0 AMERICAN EXPRESS CO COM 025816109 216909 1315 SH SOLE 1315 0 0 APPLE INC COM 037833100 7343925 44536 SH SOLE 41883 0 2652 AT&T INC COM 00206R102 899478 46726 SH SOLE 46038 0 688 AUTOMATIC DATA PROCESSING IN COM 053015103 253130 1137 SH SOLE 1137 0 0 AUTOZONE INC COM 053332102 4097736 1667 SH SOLE 1667 0 0 BANK AMERICA CORP COM 060505104 424692 14849 SH SOLE 11249 0 3600 BERKSHIRE HATHAWAY INC DEL CL A 084670108 3259200 700 SH SOLE 700 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 10908227 35328 SH SOLE 32940 0 2388 BRISTOL-MYERS SQUIBB CO COM 110122108 558000 8051 SH SOLE 7638 0 413 CANADIAN PAC RY LTD COM 13645T100 454408 5906 SH SOLE 5906 0 0 CARMAX INC COM 143130102 211160 3285 SH SOLE 3285 0 0 SCHWAB CHARLES CORP COM 808513105 671197 12814 SH SOLE 12814 0 0 CHEVRON CORP NEW COM 166764100 677496 4152 SH SOLE 3700 0 452 CISCO SYS INC COM 17275R102 349956 6695 SH SOLE 6695 0 0 CNH INDL N V SHS N20944109 160335 10500 SH SOLE 10500 0 0 COCA COLA CO COM 191216100 1339127 21588 SH SOLE 21188 0 400 COSTCO WHSL CORP NEW COM 22160K105 580344 1168 SH SOLE 1168 0 0 CREDIT ACCEP CORP MICH COM 225310101 211043 484 SH SOLE 484 0 0 CROWN HLDGS INC COM 228368106 371699 4494 SH SOLE 4494 0 0 CVS HEALTH CORP COM 126650100 386412 5200 SH SOLE 5200 0 0 DANAHER CORPORATION COM 235851102 299704 1189 SH SOLE 1189 0 0 DIMENSIONAL ETF TRUST US EQUITY ETF 25434V401 637348 14345 SH SOLE 14345 0 0 DIMENSIONAL ETF TRUST US SMALL CAP ETF 25434V500 274936 5217 SH SOLE 5217 0 0 DIMENSIONAL ETF TRUST US MKTWIDE VALUE 25434V724 289712 8653 SH SOLE 8653 0 0 DOMINION ENERGY INC COM 25746U109 345300 6176 SH SOLE 6176 0 0 SPDR DOW JONES INDL AVERAGE UT SER 1 78467X109 5372146 16151 SH SOLE 15624 0 527 DUKE ENERGY CORP NEW COM NEW 26441C204 287288 2978 SH SOLE 2817 0 161 EXCHANGE TRADED CONCEPTS TR EMQQ EM INTERN 301505889 257907 8037 SH SOLE 8037 0 0 EMERSON ELEC CO COM 291011104 562140 6451 SH SOLE 5051 0 1400 ENBRIDGE INC COM 29250N105 210893 5528 SH SOLE 5528 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 249106 9618 SH SOLE 9618 0 0 EXPEDITORS INTL WASH INC COM 302130109 1096795 9960 SH SOLE 9960 0 0 EXXON MOBIL CORP COM 30231G102 2706166 24678 SH SOLE 22588 0 2090 FASTENAL CO COM 311900104 468631 8688 SH SOLE 8688 0 0 FEDEX CORP COM 31428X106 1716872 7514 SH SOLE 7439 0 75 SELECT SECTOR SPDR TR FINANCIAL 81369Y605 246674 7673 SH SOLE 7673 0 0 FIRST HORIZON CORPORATION COM 320517105 206533 11616 SH SOLE 10093 0 1523 GENERAL DYNAMICS CORP COM 369550108 353041 1547 SH SOLE 1547 0 0 GLOBE LIFE INC COM 37959E102 688416 6257 SH SOLE 6257 0 0 HOME DEPOT INC COM 437076102 1028198 3484 SH SOLE 3034 0 450 HONEYWELL INTL INC COM 438516106 407086 2130 SH SOLE 1445 0 685 INTERNATIONAL BUSINESS MACHS COM 459200101 798844 6094 SH SOLE 6094 0 0 ISHARES TR IBONDS DEC23 ETF 46434VAX8 12828159 509256 SH SOLE 488348 0 20908 ISHARES TR IBONDS DEC24 ETF 46434VBG4 12745046 518302 SH SOLE 497107 0 21195 ISHARES TR IBONDS DEC25 ETF 46434VBD1 12762174 520268 SH SOLE 499044 0 21224 ISHARES TR IBONDS DEC2026 46435GAA0 526331 22180 SH SOLE 22180 0 0 IDEXX LABS INC COM 45168D104 3943131 7885 SH SOLE 7885 0 0 SCHWAB STRATEGIC TR INTL EQTY ETF 808524805 22215867 638387 SH SOLE 614225 0 24162 INVESCO QQQ TR UNIT SER 1 46090E103 1242962 3873 SH SOLE 3873 0 0 INVESCO EXCHANGE TRADED FD T S&P 500 TOP 50 46137V233 414234 1334 SH SOLE 1269 0 65 ISHARES TR CORE S&P MCP ETF 464287507 538845 2154 SH SOLE 2154 0 0 ISHARES TR CORE S&P500 ETF 464287200 1380500 3358 SH SOLE 3330 0 28 ISHARES TR HDG MSCI EAFE 46434V803 523564 17766 SH SOLE 17766 0 0 ISHARES TR FLTG RATE NT ETF 46429B655 335900 6666 SH SOLE 6666 0 0 ISHARES TR CORE US AGGBD ET 464287226 1762233 17686 SH SOLE 5651 0 12035 ISHARES TR MORNINGSTAR GRWT 464287119 599536 10830 SH SOLE 10830 0 0 ISHARES TR MORNINGSTAR VALU 464288109 325251 5090 SH SOLE 5090 0 0 ISHARES TR MRGSTR MD CP ETF 464288208 643148 10606 SH SOLE 10606 0 0 ISHARES TR MRGSTR MD CP GRW 464288307 3690172 64110 SH SOLE 62190 0 1920 ISHARES TR MRGSTR MD CP VAL 464288406 276975 4476 SH SOLE 4476 0 0 ISHARES TR MSCI EAFE ETF 464287465 987834 13812 SH SOLE 13812 0 0 DBX ETF TR XTRACK MSCI EURP 233051853 2140732 58458 SH SOLE 55546 0 2912 ISHARES TR RUS 1000 ETF 464287622 270276 1200 SH SOLE 1200 0 0 ISHARES TR S&P 500 GRWT ETF 464287309 347178 5434 SH SOLE 5434 0 0 ISHARES TR S&P 500 VAL ETF 464287408 802557 5288 SH SOLE 5288 0 0 ISHARES TR NATIONAL MUN ETF 464288414 296285 2750 SH SOLE 2750 0 0 ISHARES TR IBONDS 23 TRM TS 46436E882 394975 15920 SH SOLE 15920 0 0 ISHARES TR IBONDS 24 TRM TS 46436E874 423656 17645 SH SOLE 17645 0 0 ISHARES TR CORE S&P SCP ETF 464287804 14262575 147493 SH SOLE 140778 0 6715 JD.COM INC SPON ADR CL A 47215P106 243107 5539 SH SOLE 5539 0 0 JOHNSON & JOHNSON COM 478160104 2284239 14737 SH SOLE 14537 0 200 JOHNSON CTLS INTL PLC SHS G51502105 421239 6995 SH SOLE 4620 0 2375 J P MORGAN EXCHANGE TRADED F ULTRA SHRT INC 46641Q837 225434 4480 SH SOLE 4480 0 0 JPMORGAN CHASE & CO COM 46625H100 792936 6085 SH SOLE 6085 0 0 LILLY ELI & CO COM 532457108 501737 1461 SH SOLE 1461 0 0 MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 218668 4030 SH SOLE 4030 0 0 MASTERCARD INCORPORATED CL A 57636Q104 387032 1065 SH SOLE 1065 0 0 MCDONALDS CORP COM 580135101 411937 1473 SH SOLE 1473 0 0 MERCK & CO INC COM 58933Y105 603634 5674 SH SOLE 5674 0 0 MICROSOFT CORP COM 594918104 4259936 14776 SH SOLE 14421 0 355 MID-AMER APT CMNTYS INC COM 59522J103 1114875 7381 SH SOLE 7381 0 0 MODERNA INC COM 60770K107 317911 2070 SH SOLE 2070 0 0 MONDELEZ INTL INC CL A 609207105 358431 5141 SH SOLE 4641 0 500 NEXTERA ENERGY INC COM 65339F101 984979 12779 SH SOLE 12429 0 350 NIKE INC CL B 654106103 307826 2510 SH SOLE 2510 0 0 NVIDIA CORPORATION COM 67066G104 1829515 6586 SH SOLE 5986 0 600 ORACLE CORP COM 68389X105 297716 3204 SH SOLE 3204 0 0 OREILLY AUTOMOTIVE INC COM 67103H107 421094 496 SH SOLE 496 0 0 PEPSICO INC COM 713448108 1280505 7024 SH SOLE 7024 0 0 PFIZER INC COM 717081103 910127 22307 SH SOLE 22307 0 0 PIMCO ETF TR ENHAN SHRT MA AC 72201R833 585774 5902 SH SOLE 5902 0 0 PINNACLE FINL PARTNERS INC COM 72346Q104 464358 8418 SH SOLE 1569 0 6849 PROCTER AND GAMBLE CO COM 742718109 3420339 23003 SH SOLE 23003 0 0 PROGRESSIVE CORP COM 743315103 2256772 15775 SH SOLE 15775 0 0 PUBLIC STORAGE COM 74460D109 519681 1720 SH SOLE 1720 0 0 QUALCOMM INC COM 747525103 229261 1797 SH SOLE 1797 0 0 RAYTHEON TECHNOLOGIES CORP COM 75513E101 382221 3903 SH SOLE 3903 0 0 EXCHANGE TRADED CONCEPTS TR ROBO GLB ETF 301505707 248429 4540 SH SOLE 4540 0 0 ROCKWELL AUTOMATION INC COM 773903109 296385 1010 SH SOLE 1010 0 0 ROYAL BK CDA SUSTAINABL COM 780087102 367505 3845 SH SOLE 3845 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 1204835 2943 SH SOLE 2943 0 0 SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 264961 578 SH SOLE 578 0 0 SCHWAB STRATEGIC TR INTERNL DIVID 808524672 16008474 677464 SH SOLE 650946 0 26518 SCHWAB STRATEGIC TR SHT TM US TRES 808524862 709358 14539 SH SOLE 14389 0 150 SSGA ACTIVE ETF TR SPDR TR TACTIC 78467V848 1700735 41451 SH SOLE 40520 0 931 SPDR SER TR S&P DIVID ETF 78464A763 336862 2723 SH SOLE 2723 0 0 STEREOTAXIS INC COM NEW 85916J409 33782 16560 SH SOLE 16560 0 0 TJX COS INC NEW COM 872540109 1732069 22104 SH SOLE 22104 0 0 T ROWE PRICE ETF INC PRICE BLUE CHIP 87283Q107 1745121 72774 SH SOLE 70319 0 2455 TEXAS INSTRS INC COM 882508104 248695 1337 SH SOLE 1337 0 0 SOUTHERN CO COM 842587107 491574 7065 SH SOLE 6670 0 395 TRACTOR SUPPLY CO COM 892356106 961314 4090 SH SOLE 4090 0 0 TRUIST FINL CORP COM 89832Q109 322162 9448 SH SOLE 4916 0 4532 SCHWAB STRATEGIC TR US BRD MKT ETF 808524102 646070 13502 SH SOLE 13502 0 0 SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 39570043 540870 SH SOLE 519002 0 21868 SCHWAB STRATEGIC TR US LCAP GR ETF 808524300 21613137 331642 SH SOLE 317394 0 14248 SCHWAB STRATEGIC TR US LRG CAP ETF 808524201 616234 12740 SH SOLE 12740 0 0 SCHWAB STRATEGIC TR US LCAP VA ETF 808524409 16341933 249191 SH SOLE 236635 0 12556 SCHWAB STRATEGIC TR US MID-CAP ETF 808524508 23422300 345207 SH SOLE 331221 0 13986 SCHWAB STRATEGIC TR US SML CAP ETF 808524607 1161277 27696 SH SOLE 27518 0 178 UNION PAC CORP COM 907818108 1525405 7579 SH SOLE 7579 0 0 UNITED PARCEL SERVICE INC CL B 911312106 694353 3579 SH SOLE 3579 0 0 UNITEDHEALTH GROUP INC COM 91324P102 201323 426 SH SOLE 426 0 0 VANECK ETF TRUST MRNGSTR WDE MOAT 92189F643 20211405 273756 SH SOLE 260878 0 12878 VANGUARD SPECIALIZED FUNDS DIV APP ETF 921908844 240574 1562 SH SOLE 1354 0 208 VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 5038371 82664 SH SOLE 76283 0 6381 VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 308033 1292 SH SOLE 1292 0 0 VANGUARD INDEX FDS MID CAP ETF 922908629 256690 1217 SH SOLE 1217 0 0 VANGUARD ADMIRAL FDS INC 500 GRTH IDX F 921932505 698124 3029 SH SOLE 0 0 3029 VANGUARD ADMIRAL FDS INC SMLCP 600 GRTH 921932794 714888 7546 SH SOLE 0 0 7546 VANGUARD INDEX FDS SM CP VAL ETF 922908611 238140 1500 SH SOLE 1500 0 0 VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 281416 5555 SH SOLE 5555 0 0 VANGUARD STAR FDS VG TL INTL STK F 921909768 485804 8799 SH SOLE 8799 0 0 VANGUARD INDEX FDS TOTAL STK MKT 922908769 949881 4654 SH SOLE 4654 0 0 VANGUARD BD INDEX FDS VANGUARD ULTRA 92203C303 882873 17930 SH SOLE 17205 0 725 VANGUARD INDEX FDS VALUE ETF 922908744 404386 2928 SH SOLE 1589 0 1339 VERIZON COMMUNICATIONS INC COM 92343V104 657984 16919 SH SOLE 16919 0 0 VIRTUS ETF TR II SEIX SR LN ETF 92790A405 461194 19567 SH SOLE 19567 0 0 VISA INC COM CL A 92826C839 1265701 5614 SH SOLE 5614 0 0 WALGREENS BOOTS ALLIANCE INC COM 931427108 204725 5920 SH SOLE 5216 0 704 WALMART INC COM 931142103 2551374 17303 SH SOLE 17103 0 200 DISNEY WALT CO COM 254687106 395932 3954 SH SOLE 2074 0 1880 WASTE MGMT INC DEL COM 94106L109 219015 1342 SH SOLE 1342 0 0 WELLS FARGO CO NEW COM 949746101 311002 8320 SH SOLE 8320 0 0 WEC ENERGY GROUP INC COM 92939U106 316125 3335 SH SOLE 3335 0 0 WISDOMTREE TR ITL HDG QTLY DIV 97717X594 14622131 370932 SH SOLE 357175 0 13757