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Latest Summit Global Investments Stock Portfolio

Summit Global Investments Performance:
2024 Q3: 2.26%YTD: 2.81%2023: 8.09%

Performance for 2024 Q3 is 2.26%, and YTD is 2.81%, and 2023 is 8.09%.

About Summit Global Investments and 13F Hedge Fund Stock Holdings

Summit Global Investments is a hedge fund based in BOUNTIFUL, UT. On 11-Sep-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $1.5 Billions. In it's latest 13F Holdings report, Summit Global Investments reported an equity portfolio of $1.6 Billions as of 30 Sep, 2024.

The top stock holdings of Summit Global Investments are EERN, EERN, EERN. The fund has invested 8.6% of it's portfolio in RBB FD INC and 6.4% of portfolio in RBB FD INC.

The fund managers got completely rid off EQUINOR ASA S, INCYTE CORP C (INCY) and TRAVELERS COMPANIES INC C (TRV) stocks. They significantly reduced their stock positions in MARATHON PETE CORP (MPC), MOLINA HEALTHCARE INC (MOH) and MONOLITHIC PWR SYS INC (MPWR). Summit Global Investments opened new stock positions in ISHARES TR (BGRN), VEEVA SYS INC (VEEV) and APPLOVIN CORP (APP). The fund showed a lot of confidence in some stocks as they added substantially to FREEPORT-MCMORAN INC (FCX), SALESFORCE INC (CRM) and REPUBLIC SVCS INC (RSG).

Summit Global Investments Annual Return Estimates Vs S&P 500

Our best estimate is that Summit Global Investments made a return of 2.26% in the last quarter. In trailing 12 months, it's portfolio return was 8.5%.

New Buys

Ticker$ Bought
ishares tr6,058,000
veeva sys inc5,593,000
applovin corp4,364,000
astrazeneca plc4,199,000
wingstop inc3,334,000
tyson foods inc3,117,000
amphenol corp new3,098,000
sempra2,684,000

New stocks bought by Summit Global Investments

Additions to existing portfolio by Summit Global Investments

Reductions

Ticker% Reduced
marathon pete corp-95.61
molina healthcare inc-95.06
monolithic pwr sys inc-87.23
kla corp-86.96
loews corp-85.86
centene corp del-82.35
invesco exch traded fd tr ii-82.02
civitas resources inc-80.78

Summit Global Investments reduced stake in above stock

Sold off

Ticker$ Sold
orion s.a. c-1,060,000
inmode ltd s-579,000
siriuspoint ltd c-166,000
genco shipping & trading ltd s-288,000
ichor holdings s-246,000
renaissancere hldgs ltd c-517,000

Summit Global Investments got rid off the above stocks

Sector Distribution

Summit Global Investments has about 45.2% of it's holdings in Others sector.

Sector%
Others45.2
Technology10.2
Healthcare9.2
Financial Services8.5
Industrials7.2
Consumer Defensive5
Consumer Cyclical5
Communication Services3.7
Utilities2.4
Energy1.4
Real Estate1.2

Market Cap. Distribution

Summit Global Investments has about 45.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category%
UNALLOCATED45.2
LARGE-CAP30.7
MEGA-CAP14.9
MID-CAP5.5
SMALL-CAP3.4

Stocks belong to which Index?

About 47% of the stocks held by Summit Global Investments either belong to S&P 500 or RUSSELL 2000 index.

Index%
Others53
S&P 50039.5
RUSSELL 20007.5
Top 5 Winners (%)%
APP
applovin corp
51.3 %
HOV
hovnanian enterprises inc
44.1 %
AMEH
astrana health inc
42.9 %
FTDR
frontdoor inc
40.7 %
MHO
m/i homes inc
38.8 %
Top 5 Winners ($)$
PGR
progressive corp
4.3 M
META
meta platforms inc
2.8 M
DHI
d r horton inc
2.6 M
ADP
automatic data processing in
2.3 M
IJR
ishares tr
2.1 M
Top 5 Losers (%)%
LRCX
lam research corp
-78.4 %
CTAS
cintas corp
-71.8 %
AVGO
broadcom inc
-30.5 %
CRWD
crowdstrike hldgs inc
-28.1 %
ACLS
axcelis technologies inc
-25.8 %
Top 5 Losers ($)$
LRCX
lam research corp
-21.3 M
GOOG
alphabet inc
-2.0 M
MCK
mckesson corp
-1.8 M
QCOM
qualcomm inc
-1.6 M
MRK
merck & co inc
-1.5 M

Summit Global Investments Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Summit Global Investments

Summit Global Investments has 493 stocks in it's portfolio. About 32.9% of the portfolio is in top 10 stocks. LRCX proved to be the most loss making stock for the portfolio. PGR was the most profitable stock for Summit Global Investments last quarter.

Last Reported on: 31 Oct, 2024
TickerNamesorted ascending% PortfolioShares Held$ ValueType% ChangeOptions