Summit Place Advisors 13F annual report

Summit Place Advisors is an investment fund managing more than $169 billion ran by Elizabeth Miller. There are currently 76 companies in Mrs. Miller’s portfolio. The largest investments include NVIDIA Corp and Microsoft, together worth $15.8 billion.

$169 billion Assets Under Management (AUM)

As of 18th July 2024, Summit Place Advisors’s top holding is 64,250 shares of NVIDIA Corp currently worth over $7.94 billion and making up 4.7% of the portfolio value. Relative to the number of outstanding shares of NVIDIA Corp, Summit Place Advisors owns more than approximately 0.1% of the company. In addition, the fund holds 17,530 shares of Microsoft worth $7.84 billion, whose value grew 8.0% in the past six months. The third-largest holding is Apple Inc worth $7.44 billion and the next is Wisdomtree Tr worth $5.64 billion, with 208,141 shares owned.

Currently, Summit Place Advisors's portfolio is worth at least $169 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Summit Place Advisors

The Summit Place Advisors office and employees reside in Summit, New Jersey. According to the last 13-F report filed with the SEC, Elizabeth Miller serves as the Managing Member & CCO at Summit Place Advisors.

Recent trades

In the most recent 13F filing, Summit Place Advisors revealed that it had opened a new position in GE Aerospace and bought 20,106 shares worth $3.2 billion. This means they effectively own approximately 0.1% of the company. GE Aerospace makes up 47.0% of the fund's Industrials sector allocation and has grown its share price by 38.9% in the past year.

The investment fund also strengthened its position in NVIDIA Corp by buying 56,502 additional shares. This makes their stake in NVIDIA Corp total 64,250 shares worth $7.94 billion. NVIDIA Corp dropped 73.0% in the past year.

On the other hand, there are companies that Summit Place Advisors is getting rid of from its portfolio. Summit Place Advisors closed its position in General Electric Co on 25th July 2024. It sold the previously owned 20,138 shares for $3.53 billion. Elizabeth Miller also disclosed a decreased stake in Microsoft by approximately 0.1%. This leaves the value of the investment at $7.84 billion and 17,530 shares.

One of the smallest hedge funds

The two most similar investment funds to Summit Place Advisors are Fairfield, Bush & Co and Melone Private Wealth. They manage $169 billion and $169 billion respectively.


Elizabeth Miller investment strategy

Summit Place Advisors’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 12.7% of the total portfolio value. The fund focuses on investments in the United States as 42.1% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 37% of the total holdings value. On the other hand, small-cap stocks make up only 1.3% of the portfolio. The average market cap of the portfolio companies is close to $226 billion.

The complete list of Summit Place Advisors trades based on 13F SEC filings

These positions were updated on July 25th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
NVIDIA Corp
729.25%
64,250
$7,937,445,000 4.70%
Microsoft Corporation
1.41%
17,530
$7,835,067,000 4.64%
Apple Inc
1.39%
35,341
$7,443,544,000 4.41%
Wisdomtree Tr
0.02%
208,141
$5,638,542,000 3.34%
Netflix Inc.
5.51%
5,919
$3,994,615,000 2.37%
Ishares Gold Tr
1.07%
87,620
$3,849,147,000 2.28%
Motorola Solutions Inc
0.24%
9,944
$3,838,946,000 2.28%
Schwab Strategic Tr
3.12%
97,411
$5,808,634,000 3.44%
Ishares Tr
30.64%
113,984
$8,709,712,000 5.16%
RTX Corp
0.44%
35,966
$3,610,632,000 2.14%
Intercontinental Exchange In
No change
26,350
$3,607,052,000 2.14%
Walmart Inc
0.10%
52,643
$3,564,460,000 2.11%
Carlisle Cos Inc
2.40%
8,728
$3,536,747,000 2.10%
General Electric Co
Closed
20,138
$3,534,836,000
Blackstone Inc
0.13%
26,140
$3,236,174,000 1.92%
Zoetis Inc
4.32%
18,485
$3,204,595,000 1.90%
GE Aerospace
Opened
20,106
$3,196,272,000 1.89%
Welltower Inc.
0.80%
29,884
$3,115,439,000 1.85%
Amazon.com Inc.
2.22%
16,107
$3,112,678,000 1.84%
Martin Marietta Matls Inc
3.68%
5,733
$3,106,168,000 1.84%
Disney Walt Co
4.88%
31,032
$3,081,144,000 1.83%
Alcon Ag
0.48%
34,139
$3,041,102,000 1.80%
CVS Health Corp
Closed
37,466
$2,988,288,000
Visa Inc
1.39%
10,941
$2,871,718,000 1.70%
Corteva Inc
1.37%
53,189
$2,869,007,000 1.70%
Abbott Labs
2.24%
27,118
$2,817,805,000 1.67%
Spdr Sp 500 Etf Tr
1.82%
5,116
$2,784,432,000 1.65%
Hershey Company
2.05%
15,114
$2,778,407,000 1.65%
Blackrock Inc.
32.01%
3,501
$2,756,407,000 1.63%
Ge Healthcare Technologies I
0.65%
35,369
$2,755,959,000 1.63%
Johnson Johnson
0.01%
18,730
$2,737,540,000 1.62%
Hartford Finl Svcs Group Inc
4.01%
24,760
$2,489,370,000 1.48%
Ge Vernova Inc
Opened
13,661
$2,342,998,000 1.39%
Fortune Brands Innovations I
58.93%
35,560
$2,309,266,000 1.37%
Unitedhealth Group Inc
212.08%
4,416
$2,248,892,000 1.33%
Procter And Gamble Co
2.42%
13,412
$2,211,960,000 1.31%
Costco Whsl Corp New
0.47%
2,370
$2,014,498,000 1.19%
J P Morgan Exchange Traded F
8.52%
43,958
$2,430,125,000 1.44%
Nike, Inc.
37.20%
26,540
$2,000,320,000 1.19%
Target Corp
0.04%
13,416
$1,986,105,000 1.18%
Ishares Inc
1.42%
124,922
$3,892,571,000 2.31%
Yum Brands Inc.
Closed
13,585
$1,883,560,000
Interpublic Group Cos Inc
14.81%
57,575
$1,674,857,000 0.99%
Sweetgreen, Inc.
17.44%
52,698
$1,588,318,000 0.94%
Broadcom Inc
3.49%
968
$1,554,153,000 0.92%
Coca-Cola Co
0.65%
22,097
$1,406,476,000 0.83%
Omega Healthcare Invs Inc
3.82%
39,494
$1,352,664,000 0.80%
Conocophillips
1.32%
10,809
$1,236,376,000 0.73%
Evercore Inc
15.14%
5,833
$1,215,772,000 0.72%
Dbx Etf Tr
17.25%
51,571
$1,215,523,000 0.72%
Addus HomeCare Corporation
1.65%
9,825
$1,140,781,000 0.68%
Vanguard Index Fds
No change
2,274
$1,137,297,000 0.67%
Andersons Inc.
1.65%
20,956
$1,039,407,000 0.62%
Matthews Asia Fds
15.48%
50,905
$978,216,000 0.58%
Pepsico Inc
54.22%
5,862
$966,820,000 0.57%
Ishares Inc
Opened
16,480
$932,933,000 0.55%
Boston Beer Co., Inc.
8.91%
2,996
$913,930,000 0.54%
Invesco Exchange Traded Fd T
2.00%
39,650
$1,479,369,000 0.88%
West Pharmaceutical Svsc Inc
5.35%
2,285
$752,659,000 0.45%
Alibaba Group Hldg Ltd
10.16%
8,175
$588,600,000 0.35%
Canadian Solar Inc
12.15%
37,023
$546,089,000 0.32%
Sysco Corp.
5.28%
7,250
$517,578,000 0.31%
Starbucks Corp.
28.60%
5,804
$451,838,000 0.27%
Vanguard World Fd
No change
1,650
$438,900,000 0.26%
Spdr Sp Midcap 400 Etf Tr
No change
780
$417,362,000 0.25%
Equity Residential
No change
6,000
$416,040,000 0.25%
Sl Green Rlty Corp
17.50%
7,050
$399,312,000 0.24%
PayPal Holdings Inc
4.58%
6,775
$393,153,000 0.23%
Digital Rlty Tr Inc
No change
2,500
$380,125,000 0.23%
Spdr Ser Tr
48.67%
11,600
$357,860,000 0.21%
Alphabet Inc
Closed
2,074
$315,787,000
Select Sector Spdr Tr
5.19%
1,370
$309,935,000 0.18%
Ventas Inc
No change
5,900
$302,434,000 0.18%
Spotify Technology S.A.
1.86%
948
$297,473,000 0.18%
Lowes Cos Inc
No change
1,338
$294,975,000 0.17%
Elevance Health Inc
No change
525
$284,477,000 0.17%
Universal Hlth Svcs Inc
16.16%
1,479
$273,539,000 0.16%
Vanguard Index Fds
Closed
1,030
$267,608,000
State Str Corp
Closed
3,411
$263,760,000
AMGEN Inc.
No change
819
$255,897,000 0.15%
Pfizer Inc.
0.30%
8,724
$244,098,000 0.14%
Select Sector Spdr Tr
Closed
1,620
$239,323,000
Fidelity Covington Trust
Opened
1,200
$205,824,000 0.12%
No transactions found
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