Summit Trail Advisors, LLC

13F filer, CIK 1698478, NEW YORK, NY

Summit Trail Advisors, LLC reported $3,031,508,375 across 423 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-04-28. Its ten largest share positions make up 70.83% of the portfolio.

Filed 2025-04-28 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001951757-25-000462

Period: 2025-03-31
Reported value: $3.03B
Holdings: 423
Top 10 weight: 70.83%
New: 80
Sold out: 47

Largest buys vs the previous quarter

Security	Shares change	Approx. value
USFRadded	+5,502,742	$277M
VGSHadded	+1,865,738	$110M
KBWBadded	+366,312	$23M
RSPadded	+116,234	$20.1M
NVDAadded	+105,959	$11.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
VGITreduced	-1,932,513	-$115M
PPAreduced	-209,495	-$24.4M
XLVreduced	-119,448	-$17.4M
IBITreduced	-86,110	-$4.03M
IEFAreduced	-43,233	-$3.27M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001951757-25-000462, largest first. % of portfolio is the value over $3,031,508,375, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
USFRWISDOMTREE TR	27,347,752	$1.38B	45.4%	+5,502,742	Timeline
RSPINVESCO EXCHANGE TRADED FD T	936,055	$162M	5.35%	+116,234	Timeline
VGSHVANGUARD SCOTTSDALE FDS	2,369,757	$139M	4.59%	+1,865,738	Timeline
AVGOBROADCOM INC	695,564	$116M	3.84%	+17,572	Timeline
VGITVANGUARD SCOTTSDALE FDS	1,859,326	$110M	3.64%	-1,932,513	Timeline
QUALISHARES TR	365,040	$62.4M	2.06%	+15,581	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	86,095	$48.3M	1.59%	+8,095	Timeline
NVDANVIDIA CORPORATION	418,136	$45.3M	1.5%	+105,959	Timeline
AONAON PLC	111,380	$44.5M	1.47%	-1,686	Timeline
KBWBINVESCO EXCH TRADED FD TR II	672,954	$42.2M	1.39%	+366,312	Timeline
PPAINVESCO EXCHANGE TRADED FD T	329,009	$38.3M	1.26%	-209,495	Timeline
GOOGALPHABET INC	240,793	$37.6M	1.24%	+19,538	Timeline
GOOGLALPHABET INC	204,927	$31.7M	1.05%	+33,776	Timeline
PLTRPALANTIR TECHNOLOGIES INC	351,357	$29.7M	0.98%	-654	Timeline
CRWDCROWDSTRIKE HLDGS INC	74,041	$26.1M	0.86%	+1,586	Timeline
JPMJPMORGAN CHASE & CO	99,119	$24.3M	0.8%	+9,397	Timeline
ARANTERO RESOURCES CORP	581,570	$23.5M	0.78%	+405	Timeline
METAMETA PLATFORMS INC	39,715	$22.9M	0.76%	+10,005	Timeline
APOAPOLLO GLOBAL MGMT INC	163,622	$22.4M	0.74%	+1,218	Timeline
SPMDSPDR SERIES TRUST	334,521	$17.1M	0.56%	-3,982	Timeline
XLVSELECT SECTOR SPDR TR	111,139	$16.2M	0.54%	-119,448	Timeline
MNDYMONDAY COM LTD	59,942	$14.6M	0.48%	+9,529	Timeline
TSLATESLA INC	51,052	$13.2M	0.44%	+12,986	Timeline
COSTCOSTCO WHOLESALE CORPORATION	13,709	$13M	0.43%	+4,339	Timeline
CRMSALESFORCE INC	45,764	$12.3M	0.41%	+376	Timeline
VVISA INC	34,152	$12M	0.39%	+7,175	Timeline
MAMASTERCARD INCORPORATED	21,192	$11.6M	0.38%	+2,991	Timeline
GSGOLDMAN SACHS GROUP INC	20,230	$11.1M	0.36%	+14,876	Timeline
EPIWISDOMTREE TR	248,642	$10.9M	0.36%	+34,036	Timeline
DDOGDATADOG INC	107,749	$10.7M	0.35%	-29,753	Timeline
UBERUBER TECHNOLOGIES INC	144,773	$10.5M	0.35%	+8,607	Timeline
UNHUNITEDHEALTH GROUP INC	19,662	$10.3M	0.34%	+3,659	Timeline
XOMEXXON MOBIL CORP	84,358	$10M	0.33%	+15,484	Timeline
WCLDWISDOMTREE TR	284,912	$9.25M	0.3%	+29,169	Timeline
COINCOINBASE GLOBAL INC	52,043	$8.96M	0.3%	-5,308	Timeline
IEFAISHARES TR	115,493	$8.74M	0.29%	-43,233	Timeline
DASHDOORDASH INC	46,835	$8.56M	0.28%	+5,618	Timeline
STIPISHARES TR	79,644	$8.24M	0.27%	+35,695	Timeline
GLDSPDR GOLD TR	28,083	$8.09M	0.27%	+7,017	Timeline
DLODLOCAL LTD	940,820	$7.85M	0.26%	0	Timeline
NFLXNETFLIX INC.	8,394	$7.83M	0.26%	+1,691	Timeline
ABBVABBVIE INC	36,020	$7.55M	0.25%	+6,544	Timeline
TAT&T INC	228,731	$6.47M	0.21%	+32,671	Timeline
CSCOCISCO SYS INC	102,765	$6.34M	0.21%	+14,719	Timeline
BKNGBOOKING HOLDINGS INC	1,357	$6.25M	0.21%	+226	Timeline
JDJD.COM INC	144,660	$5.95M	0.2%	-80	Timeline
MRKMERCK & CO INC	60,835	$5.51M	0.18%	+4,813	Timeline
VZVERIZON COMMUNICATIONS INC	118,825	$5.39M	0.18%	+13,123	Timeline
MOALTRIA GROUP INC	87,386	$5.33M	0.18%	-17,054	Timeline
LINLINDE PLC	11,324	$5.27M	0.17%	+2,301	Timeline
AMZUDIREXION SHARES ETF TRUST	165,110	$4.95M	0.16%	new	Timeline
JPSTJ P MORGAN EXCHANGE TRADED F	94,991	$4.81M	0.16%	0	Timeline
IEMGISHARES INC	84,934	$4.58M	0.15%	+5,806	Timeline
VGTVANGUARD WORLD FD	8,222	$4.46M	0.15%	+153	Timeline
ORCLORACLE CORP	30,567	$4.27M	0.14%	+5,395	Timeline
DGRWWISDOMTREE TR	51,209	$4.09M	0.13%	+12,372	Timeline
ISRGINTUITIVE SURGICAL INC	8,036	$3.98M	0.13%	+1,434	Timeline
ACNACCENTURE PLC IRELAND	12,116	$3.78M	0.12%	+2,362	Timeline
DVADAVITA INC	24,524	$3.75M	0.12%	-892	Timeline
ADBEADOBE INC	9,719	$3.73M	0.12%	+2,583	Timeline
BXBLACKSTONE INC	23,681	$3.31M	0.11%	+2,628	Timeline
SPGIS&P GLOBAL INC	6,490	$3.3M	0.11%	+1,440	Timeline
BLKBLACKROCK INC	3,460	$3.27M	0.11%	+516	Timeline
PTONPELOTON INTERACTIVE INC	511,393	$3.23M	0.11%	+618	Timeline
SOFISOFI TECHNOLOGIES INC	265,947	$3.09M	0.1%	-11,588	Timeline
RAMPLIVERAMP HLDGS INC	117,111	$3.06M	0.1%	+1,187	Timeline
FROGJFROG LTD	94,873	$3.04M	0.1%	+40,000	Timeline
MPCMARATHON PETE CORP	19,769	$2.88M	0.1%	+832	Timeline
NEENEXTERA ENERGY INC	39,884	$2.83M	0.09%	+7,477	Timeline
COPCONOCOPHILLIPS	26,858	$2.82M	0.09%	+732	Timeline
EIPXFIRST TR EXCHANGE-TRADED FD	103,252	$2.69M	0.09%	+4,110	Timeline
DOCSDOXIMITY INC	45,379	$2.63M	0.09%	-528	Timeline
VRTXVERTEX PHARMACEUTICALS INC	5,283	$2.56M	0.08%	+874	Timeline
CMCSACOMCAST CORP NEW	67,459	$2.49M	0.08%	+1,544	Timeline
SBACSBA COMMUNICATIONS CORP	11,254	$2.48M	0.08%	+3,479	Timeline
EMLPFIRST TR EXCHANGE-TRADED FD	65,315	$2.45M	0.08%	+3,603	Timeline
USMVISHARES TR	25,907	$2.43M	0.08%	0	Timeline
SSENTINELONE INC	131,643	$2.39M	0.08%	-38,436	Timeline
QXOQXO INC	176,325	$2.39M	0.08%	+60,358	Timeline
YUMCYUM CHINA HLDGS INC	45,540	$2.37M	0.08%	+32,745	Timeline
SPOTSPOTIFY TECHNOLOGY S A	4,235	$2.33M	0.08%	+1,078	Timeline
ACGLARCH CAP GROUP LTD	24,034	$2.31M	0.08%	+1,548	Timeline
WOOFPETCO HEALTH & WELLNESS CO I	751,740	$2.29M	0.08%	+1,049	Timeline
ORLYOREILLY AUTOMOTIVE INC	1,556	$2.23M	0.07%	+484	Timeline
ETNEATON CORP PLC	8,161	$2.22M	0.07%	+1,840	Timeline
NOWSERVICENOW INC	2,770	$2.21M	0.07%	+124	Timeline
GGENPACT LIMITED	43,584	$2.2M	0.07%	+12,752	Timeline
LPLALPL FINL HLDGS INC	6,655	$2.18M	0.07%	+4,833	Timeline
XLKSELECT SECTOR SPDR TR	10,532	$2.17M	0.07%	0	Timeline
CBCHUBB LIMITED	7,174	$2.17M	0.07%	+549	Timeline
SPDWSPDR INDEX SHS FDS	58,231	$2.12M	0.07%	0	Timeline
WMWASTE MGMT INC DEL	8,994	$2.08M	0.07%	+875	Timeline
MNSTMONSTER BEVERAGE CORP NEW	35,410	$2.07M	0.07%	+11,920	Timeline
ZTSZOETIS INC	12,572	$2.07M	0.07%	+3,303	Timeline
DUKDUKE ENERGY CORP NEW	16,521	$2.02M	0.07%	+2,734	Timeline
MDTMEDTRONIC PLC	22,023	$1.99M	0.07%	+4,129	Timeline
SHPROSHARES TR	44,700	$1.99M	0.07%	new	Timeline
AMTAMERICAN TOWER CORP	9,050	$1.97M	0.06%	+2,638	Timeline
XLUSELECT SECTOR SPDR TR	24,321	$1.92M	0.06%	-4,630	Timeline
CARRCARRIER GLOBAL CORPORATION	30,100	$1.91M	0.06%	+5,860	Timeline
XLYSELECT SECTOR SPDR TR	9,492	$1.87M	0.06%	-2,416	Timeline
XELXCEL ENERGY INC	26,192	$1.87M	0.06%	+2,339	Timeline
GEVGE VERNOVA INC	6,086	$1.86M	0.06%	+1,582	Timeline
TTTRANE TECHNOLOGIES PLC	5,508	$1.86M	0.06%	+813	Timeline
PATHUIPATH INC	177,153	$1.82M	0.06%	-13,158	Timeline
DDDUPONT DE NEMOURS INC	23,923	$1.79M	0.06%	+6,509	Timeline
HCAHCA HEALTHCARE INC	5,137	$1.78M	0.06%	+1,173	Timeline
TENBTENABLE HLDGS INC	50,663	$1.77M	0.06%	+1,686	Timeline
KBDCKAYNE ANDERSON BDC INC	106,310	$1.77M	0.06%	+53,155	Timeline
MOATVANECK ETF TRUST	19,941	$1.75M	0.06%	-3,262	Timeline
FOXAFOX CORP	30,806	$1.74M	0.06%	+20,531	Timeline
SGISOMNIGROUP INTERNATIONAL INC	27,450	$1.64M	0.05%	+22,704	Timeline
XLPSELECT SECTOR SPDR TR	20,097	$1.64M	0.05%	-29,446	Timeline
MCKMCKESSON CORP	2,399	$1.62M	0.05%	+603	Timeline
CPCANADIAN PACIFIC KANSAS CITY	23,001	$1.61M	0.05%	+4,273	Timeline
VONGVANGUARD SCOTTSDALE FDS	16,220	$1.51M	0.05%	new	Timeline
OTISOTIS WORLDWIDE CORP	14,489	$1.5M	0.05%	+6,419	Timeline
CTVACORTEVA INC	23,552	$1.48M	0.05%	+2,754	Timeline
CEGCONSTELLATION ENERGY CORP	7,280	$1.47M	0.05%	+351	Timeline
GXCSPDR INDEX SHS FDS	16,772	$1.44M	0.05%	0	Timeline
MMM3M CO	9,776	$1.44M	0.05%	+3,023	Timeline
CMECME GROUP INC	5,323	$1.41M	0.05%	+1,189	Timeline
NTNXNUTANIX INC	19,955	$1.39M	0.05%	new	Timeline
NETCLOUDFLARE INC	12,104	$1.36M	0.04%	+266	Timeline
MOHMOLINA HEALTHCARE INC	4,127	$1.36M	0.04%	+2,575	Timeline
PLDPROLOGIS INC.	12,159	$1.36M	0.04%	+788	Timeline
PYPLPAYPAL HLDGS INC	20,815	$1.36M	0.04%	+4,500	Timeline
EXCEXELON CORP	28,755	$1.33M	0.04%	+10,271	Timeline
MDYSTATE STR SPDR S&P MIDCAP 40	2,474	$1.32M	0.04%	+200	Timeline
NOBLPROSHARES TR	12,652	$1.3M	0.04%	0	Timeline
JCIJOHNSON CONTROLS INTERNATION	16,115	$1.3M	0.04%	+10,294	Timeline
FDXFEDEX CORP	5,229	$1.28M	0.04%	+298	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	7,219	$1.25M	0.04%	+1,819	Timeline
SDYSPDR SERIES TRUST	9,154	$1.24M	0.04%	0	Timeline
CPNGCOUPANG INC	56,113	$1.23M	0.04%	+3,103	Timeline
COFCAPITAL ONE FINL CORP	6,844	$1.23M	0.04%	+2,650	Timeline
KMIKINDER MORGAN INC DEL	42,856	$1.22M	0.04%	+4,405	Timeline
YEXTYEXT INC	193,259	$1.19M	0.04%	+5,220	Timeline
NCNONCINO INC	43,113	$1.18M	0.04%	0	Timeline
RCLROYAL CARIBBEAN GROUP	5,679	$1.17M	0.04%	+588	Timeline
METMETLIFE INC	14,168	$1.14M	0.04%	+1,610	Timeline
ALSNALLISON TRANSMISSION HLDGS I	11,884	$1.14M	0.04%	-1,252	Timeline
YETIYETI HLDGS INC	34,139	$1.13M	0.04%	+25,536	Timeline
STSENSATA TECHNOLOGIES HLDG PL	46,540	$1.13M	0.04%	new	Timeline
PSAPUBLIC STORAGE	3,619	$1.08M	0.04%	+1,093	Timeline
ETENERGY TRANSFER L P	58,181	$1.08M	0.04%	+649	Timeline
KKRKKR & CO INC	9,328	$1.08M	0.04%	+3,457	Timeline
LOPEGRAND CANYON ED INC	6,170	$1.07M	0.04%	+4,459	Timeline
INDAISHARES TR	20,449	$1.05M	0.03%	-10,635	Timeline
REGNREGENERON PHARMACEUTICALS	1,655	$1.05M	0.03%	+259	Timeline
VHTVANGUARD WORLD FD	3,961	$1.05M	0.03%	-357	Timeline
GTESGATES INDL CORP PLC	56,829	$1.05M	0.03%	+17,453	Timeline
WELLWELLTOWER INC	6,756	$1.04M	0.03%	+2,571	Timeline
XBISPDR SERIES TRUST	12,737	$1.03M	0.03%	+2,941	Timeline
ESIELEMENT SOLUTIONS INC	45,600	$1.03M	0.03%	new	Timeline
BNBROOKFIELD CORP	19,521	$1.02M	0.03%	-9,147	Timeline
TRGPTARGA RES CORP	5,094	$1.02M	0.03%	+297	Timeline
SPYGSPDR SERIES TRUST	12,610	$1.01M	0.03%	+1,111	Timeline
ASMLASML HLDG NV	1,502	$995K	0.03%	-30	Timeline
NVCRNOVOCURE LTD	55,598	$991K	0.03%	+40,570	Timeline
XHSSPDR SERIES TRUST	10,079	$989K	0.03%	0	Timeline
STWDSTARWOOD PPTY TR INC	48,374	$980K	0.03%	+1,890	Timeline
BJBJS WHSL CLUB HLDGS INC	8,403	$959K	0.03%	-3,041	Timeline
EPREPR PPTYS	17,974	$951K	0.03%	new	Timeline
DVNDEVON ENERGY CORP NEW	25,091	$938K	0.03%	+5,187	Timeline
WTMWHITE MTNS INS GROUP LTD	486	$936K	0.03%	+194	Timeline
TFCTRUIST FINL CORP	22,742	$936K	0.03%	+4,714	Timeline
GMGENERAL MTRS CO	19,785	$930K	0.03%	-10,615	Timeline
ZMZOOM COMMUNICATIONS INC	12,592	$929K	0.03%	+6,597	Timeline
PINSPINTEREST INC	29,853	$925K	0.03%	new	Timeline
CHTRCHARTER COMMUNICATIONS INC	2,455	$905K	0.03%	+364	Timeline
SPLVINVESCO EXCH TRADED FD TR II	12,102	$904K	0.03%	0	Timeline
MQMARQETA INC	219,043	$902K	0.03%	-2,108	Timeline
DFASDIMENSIONAL ETF TRUST	15,085	$901K	0.03%	0	Timeline
DFATDIMENSIONAL ETF TRUST	17,382	$895K	0.03%	0	Timeline
PCTYPAYLOCITY HLDG CORP	4,752	$890K	0.03%	+2,747	Timeline
UNMUNUM GROUP	10,861	$885K	0.03%	+2,767	Timeline
DDOMINION ENERGY INC	15,751	$883K	0.03%	+5,557	Timeline
EOGEOG RES INC	6,837	$877K	0.03%	+2,605	Timeline
ROKUROKU INC	12,388	$873K	0.03%	+4,879	Timeline
LNGCHENIERE ENERGY INC	3,675	$850K	0.03%	+746	Timeline
BOXBOX INC	27,504	$849K	0.03%	+908	Timeline
KEYSKEYSIGHT TECHNOLOGIES INC	5,467	$819K	0.03%	+3,196	Timeline
WDAYWORKDAY INC	3,428	$801K	0.03%	+1,551	Timeline
EXPEEXPEDIA GROUP INC	4,761	$800K	0.03%	+1,069	Timeline
PAVEGLOBAL X FDS	21,042	$794K	0.03%	-4,325	Timeline
VSTVISTRA CORP	6,670	$783K	0.03%	+1,492	Timeline
GRMNGARMIN LTD	3,590	$778K	0.03%	+1,115	Timeline
BWFGBANKWELL FINL GROUP INC	25,523	$770K	0.03%	-300	Timeline
EWJISHARES INC	11,103	$761K	0.03%	-2,375	Timeline
WCCWESCO INTL INC	4,885	$759K	0.03%	new	Timeline
MAAMID-AMER APT CMNTYS INC	4,401	$738K	0.02%	+2,274	Timeline
CSGPCOSTAR GROUP INC	9,286	$736K	0.02%	+2,197	Timeline
NVSNOVARTIS AG	6,360	$734K	0.02%	+580	Timeline
DPZDOMINOS PIZZA INC	1,597	$734K	0.02%	+976	Timeline
ESEVERSOURCE ENERGY	11,738	$729K	0.02%	+6,845	Timeline
BLDTOPBUILD COR	2,388	$728K	0.02%	new	Timeline
SPTLSPDR SERIES TRUST	26,578	$725K	0.02%	-38,061	Timeline
NSITINSIGHT ENTERPRISES INC	4,819	$723K	0.02%	+521	Timeline
ZBHZIMMER BIOMET HOLDINGS INC	6,345	$720K	0.02%	+1,812	Timeline
APPAPPLOVIN CORP	2,685	$711K	0.02%	-460	Timeline
ETRENTERGY CORP NEW	8,281	$708K	0.02%	+1,119	Timeline
OZKBANK OZK LITTLE ROCK ARK	16,101	$700K	0.02%	+11,298	Timeline
BABAALIBABA GROUP HLDG LTD	5,257	$695K	0.02%	+876	Timeline
SPYVSPDR SERIES TRUST	13,514	$690K	0.02%	-2,583	Timeline
FCFSFIRSTCASH HOLDINGS INC	5,711	$687K	0.02%	+265	Timeline
FAFFIRST AMERN FINL CORP	10,447	$686K	0.02%	new	Timeline
EWXSPDR INDEX SHS FDS	12,095	$685K	0.02%	0	Timeline
DGXQUEST DIAGNOSTICS INC	3,984	$674K	0.02%	+2,157	Timeline
MSCIMSCI INC	1,177	$665K	0.02%	+110	Timeline
TROWPRICE T ROWE GROUP INC	7,234	$665K	0.02%	+2,265	Timeline
DBXDROPBOX INC	24,691	$659K	0.02%	+16,574	Timeline
PAYCPAYCOM SOFTWARE INC	3,016	$659K	0.02%	+401	Timeline
FLOTISHARES TR	12,577	$642K	0.02%	new	Timeline
LZLEGALZOOM COM INC	73,971	$637K	0.02%	+440	Timeline
HLTHILTON WORLDWIDE HLDGS INC	2,792	$635K	0.02%	-12	Timeline
AMPAMERIPRISE FINL INC	1,299	$629K	0.02%	+388	Timeline
EQIXEQUINIX INC	770	$628K	0.02%	-337	Timeline
AXTAAXALTA COATING SYS LTD	18,907	$627K	0.02%	new	Timeline
RITMRITHM CAPITAL CORP	53,353	$624K	0.02%	+3,973	Timeline
WECWEC ENERGY GROUP INC	5,661	$617K	0.02%	+1,015	Timeline
TWLOTWILIO INC	6,276	$614K	0.02%	+198	Timeline
SMHVANECK ETF TRUST	2,869	$607K	0.02%	0	Timeline
VRSKVERISK ANALYTICS INC	2,018	$601K	0.02%	+947	Timeline
FCXFREEPORT MCMORAN INC	15,816	$599K	0.02%	+4,511	Timeline
ULTAULTA BEAUTY INC	1,631	$598K	0.02%	+915	Timeline
ETSYETSY INC	12,613	$595K	0.02%	new	Timeline
ESTCELASTIC N V	6,623	$590K	0.02%	new	Timeline
TTEKTETRA TECH INC NEW	20,157	$590K	0.02%	new	Timeline
ZZILLOW GROUP INC	8,596	$589K	0.02%	-637	Timeline
SYFSYNCHRONY FINANCIAL	11,032	$584K	0.02%	+4,524	Timeline
FRFIRST INDL RLTY TR INC	10,718	$583K	0.02%	+6,516	Timeline
CDWCDW CORP	3,626	$581K	0.02%	-414	Timeline
SSNCSS&C TECH HLDGS	6,938	$580K	0.02%	-1,932	Timeline
CNMCORE & MAIN INC	11,993	$579K	0.02%	+2,303	Timeline
WENWENDYS CO	39,444	$577K	0.02%	+20,704	Timeline
FCNCAFIRST CTZNS BANCSHARES INC D	310	$574K	0.02%	+69	Timeline
CBOECBOE GLOBAL MKTS INC	2,519	$570K	0.02%	+632	Timeline
CBRECBRE GROUP INC	4,356	$570K	0.02%	+1,142	Timeline
KRCKILROY REALTY CORP	16,945	$562K	0.02%	+694	Timeline
KVUEKENVUE INC	23,198	$556K	0.02%	+5,547	Timeline
GPNGLOBAL PMTS INC	5,657	$554K	0.02%	+1,321	Timeline
XELBXCEL BRANDS INC	196,250	$553K	0.02%	new	Timeline
GEHCGE HEALTHCARE TECHNOLOGIES I	6,734	$544K	0.02%	+800	Timeline
ATNIATN INTL INC	26,199	$538K	0.02%	+33	Timeline
EMXCISHARES INC	9,722	$536K	0.02%	0	Timeline
KDPKEURIG DR PEPPER INC	15,437	$534K	0.02%	-4,863	Timeline
PRIPRIMERICA INC	1,840	$524K	0.02%	+76	Timeline
GLREGREENLIGHT CAP RE LTD	38,478	$521K	0.02%	0	Timeline
IDXXIDEXX LABS INC	1,241	$521K	0.02%	+431	Timeline
NCLHNORWEGIAN CRUISE LINE HLDGS	26,616	$505K	0.02%	+9,332	Timeline
CNXCCONCENTRIX CORP	9,038	$503K	0.02%	new	Timeline
TELTE CONNECTIVITY PLC	3,481	$492K	0.02%	-653	Timeline
PENPENUMBRA INC	1,836	$491K	0.02%	new	Timeline
AFRMAFFIRM HLDGS INC	10,852	$490K	0.02%	+873	Timeline
ALNYALNYLAM PHARMACEUTICALS INC	1,803	$487K	0.02%	+518	Timeline
AXSAXIS CAP HLDGS LTD	4,836	$487K	0.02%	+1,467	Timeline
BKRBAKER HUGHES COMPANY	11,000	$483K	0.02%	+1,660	Timeline
SOXLDIREXION SHARES ETF TRUST	30,250	$483K	0.02%	new	Timeline
VLOVALERO ENERGY CORP	3,646	$482K	0.02%	+808	Timeline
FISFIDELITY NATL INFORMATION SV	6,369	$476K	0.02%	-1,613	Timeline
PODDINSULET CORP	1,802	$473K	0.02%	-80	Timeline
SLMSLM CORP	15,590	$458K	0.02%	-2,810	Timeline
FTVFORTIVE CORP	6,161	$451K	0.01%	-3,982	Timeline
CRHCRH PLC	4,904	$433K	0.01%	+2,666	Timeline
WTWWILLIS TOWERS WATSON PLC LTD	1,262	$428K	0.01%	+422	Timeline
SPHQINVESCO EXCHANGE TRADED FD T	6,435	$427K	0.01%	+3,435	Timeline
CEFSPROTT ASSET MANAGEMENT LP	15,000	$426K	0.01%	0	Timeline
TAPMOLSON COORS BEVERAGE CO	6,926	$422K	0.01%	new	Timeline
IQVIQVIA HLDGS INC	2,369	$418K	0.01%	+514	Timeline
JAZZJAZZ PHARMACEUTICALS PLC	3,360	$417K	0.01%	-1,016	Timeline
SPEMSPDR INDEX SHS FDS	10,566	$416K	0.01%	0	Timeline
ALLYALLY FINL INC	11,306	$412K	0.01%	+2,263	Timeline
QRVOQORVO INC	5,688	$412K	0.01%	new	Timeline
AZEK CO INCAZEK CO INC	8,224	$402K	0.01%	new
IBITISHARES BITCOIN TRUST ETF	8,583	$402K	0.01%	-86,110	Timeline
GSKGSK PLC	10,201	$400K	0.01%	+1,367	Timeline
BNDXVANGUARD CHARLOTTE FDS	8,087	$395K	0.01%	-782	Timeline
THCTENET HEALTHCARE CORP	2,913	$392K	0.01%	+940	Timeline
MPBMID PENN BANCORP INC	15,066	$390K	0.01%	0	Timeline
EQTEQT CORP	7,276	$389K	0.01%	+780	Timeline
PRGOPERRIGO CO PLC	13,763	$386K	0.01%	new	Timeline
XLFSELECT SECTOR SPDR TR	7,713	$384K	0.01%	0	Timeline
CCICROWN CASTLE INC	3,641	$379K	0.01%	-1,719	Timeline
ARESARES MANAGEMENT CORPORATION	2,570	$377K	0.01%	+1,297	Timeline
HESS CORPHESS CORP	2,334	$373K	0.01%	new
CLSKCLEANSPARK INC	54,704	$368K	0.01%	new	Timeline
CAHCARDINAL HEALTH INC	2,661	$367K	0.01%	+489	Timeline
NWSANEWS CORP NEW	13,337	$365K	0.01%	new	Timeline
LYFTLYFT INC	30,524	$362K	0.01%	+3,275	Timeline
SPTMSPDR SERIES TRUST	5,301	$361K	0.01%	0	Timeline
CORZCORE SCIENTIFIC INC NEW	49,335	$357K	0.01%	new	Timeline
HHHHOWARD HUGHES HOLDINGS INC	4,715	$349K	0.01%	+2,101	Timeline
RSPTINVESCO EXCHANGE TRADED FD T	10,180	$348K	0.01%	new	Timeline
FBINFORTUNE BRANDS INNOVATIONS I	5,710	$348K	0.01%	+1,950	Timeline
BERRY GLOBAL GROUP INCBERRY GLOBAL GROUP INC	4,944	$345K	0.01%	+1,521
AVTRAVANTOR INC	21,259	$345K	0.01%	new	Timeline
DKDELEK US HLDGS INC NEW	22,857	$344K	0.01%	-7,696	Timeline
QQQMINVESCO EXCH TRADED FD TR II	1,783	$344K	0.01%	new	Timeline
BIPCBROOKFIELD INFRASTRUCTURE CO	9,443	$342K	0.01%	+11	Timeline
SNDKSANDISK CORP	7,171	$341K	0.01%	new	Timeline
SPSMSPDR SERIES TRUST	8,324	$339K	0.01%	0	Timeline
WPCWP CAREY INC	5,261	$338K	0.01%	+1,644	Timeline
BURBURFORD CAPITAL LIMITED	25,566	$338K	0.01%	new	Timeline
DEODIAGEO PLC	3,173	$337K	0.01%	-1,151	Timeline
PCGPG&E CORP	19,525	$336K	0.01%	+6,278	Timeline
SWKSSKYWORKS SOLUTIONS INC	5,197	$336K	0.01%	new	Timeline
ABALLIANCEBERNSTEIN HLDG L P	8,755	$335K	0.01%	0	Timeline
WCNWASTE CONNECTIONS INC	1,712	$334K	0.01%	+171	Timeline
PACIFIC PREMIER BANCORP INCPACIFIC PREMIER BANCORP INC	15,570	$332K	0.01%	+199
PRPERMIAN RESOURCES CORP	23,609	$327K	0.01%	+2,179	Timeline
STESTERIS PLC	1,433	$325K	0.01%	-138	Timeline
APTVAPTIV PLC	5,456	$325K	0.01%	+2,048	Timeline
BRXBRIXMOR PPTY GROUP INC	12,198	$324K	0.01%	+4,971	Timeline
UYGPROSHARES TR	3,621	$324K	0.01%	0	Timeline
HQYHEALTHEQUITY INC	3,636	$321K	0.01%	+508	Timeline
WWAYFAIR INC	9,996	$320K	0.01%	new	Timeline
DKLDELEK LOGISTICS PARTNERS LP	7,400	$320K	0.01%	-4,000	Timeline
IRMIRON MTN INC DEL	3,619	$315K	0.01%	-2,085	Timeline
TXG10X GENOMICS INC	36,039	$315K	0.01%	+25,775	Timeline
JEPQJ P MORGAN EXCHANGE TRADED F	6,076	$315K	0.01%	+1,014	Timeline
SHOPSHOPIFY INC	3,254	$311K	0.01%	+101	Timeline
RBARB GLOBAL INC	3,095	$310K	0.01%	+6	Timeline
JCPBJ P MORGAN EXCHANGE TRADED F	6,493	$305K	0.01%	new	Timeline
DJTTRUMP MEDIA & TECHNOLOGY GRO	15,491	$303K	0.01%	new	Timeline
CHECHEMED CORP NEW	491	$302K	0.01%	new	Timeline
SFMSPROUTS FMRS MKT INC	1,967	$300K	0.01%	+288	Timeline
DGSWISDOMTREE TR	6,205	$300K	0.01%	+1,067	Timeline
BIPBROOKFIELD INFRASTRUCTURE PA	10,059	$300K	0.01%	-3,826	Timeline
EXELEXELIXIS INC	8,022	$296K	0.01%	+1,112	Timeline
SGSWEETGREEN INC	11,805	$295K	0.01%	-314	Timeline
AXONAXON ENTERPRISE INC	554	$291K	0.01%	+81	Timeline
EVRGEVERGY INC	4,139	$285K	0.01%	-2,776	Timeline
NVRNVR INC	38	$275K	0.01%	+7	Timeline
XPROEXPRO GROUP HOLDINGS NV	27,676	$275K	0.01%	new	Timeline
EVREVERCORE INC	1,372	$274K	0.01%	+319	Timeline
TRUTRANSUNION	3,270	$271K	0.01%	+417	Timeline
MPTMEDICAL PROPERTIES TRUST INC	44,013	$269K	0.01%	+18,452	Timeline
EHCENCOMPASS HEALTH CORP	2,644	$268K	0.01%	new	Timeline
XLESELECT SECTOR SPDR TR	2,841	$265K	0.01%	-360	Timeline
XLBSELECT SECTOR SPDR TR	3,048	$262K	0.01%	0	Timeline
BBVABANCO BILBAO VIZCAYA ARGENTA	19,170	$261K	0.01%	+1,434	Timeline
AGNCAGNC INVT CORP	26,610	$258K	0.01%	+12,154	Timeline
OMFONEMAIN HLDGS INC	5,279	$258K	0.01%	-292	Timeline
VVVVALVOLINE INC	7,406	$258K	0.01%	-445	Timeline
CNXCNX RES CORP	8,147	$256K	0.01%	0	Timeline
SNYSANOFI SA	4,610	$256K	0.01%	new	Timeline
BRBROADRIDGE FINL SOLUTIONS IN	1,039	$253K	0.01%	new	Timeline
TECHBIO-TECHNE CORP	4,302	$252K	0.01%	-172	Timeline
FNFFIDELITY NATL FINL INC	3,859	$251K	0.01%	new	Timeline
DIASTATE STR SPDR DOW JONES IND	590	$248K	0.01%	new	Timeline
FIVEFIVE BELOW INC	3,293	$247K	0.01%	new	Timeline
DHID R HORTON INC	1,908	$243K	0.01%	+48	Timeline
ARMKARAMARK	7,016	$242K	0.01%	-6,198	Timeline
ARCCARES CAPITAL CORP	10,805	$239K	0.01%	+1,145	Timeline
MTBM & T BK CORP	1,323	$237K	0.01%	-217	Timeline
HPEHEWLETT PACKARD ENTERPRISE C	15,068	$235K	0.01%	-2,176	Timeline
IBNICICI BK LTD	7,330	$231K	0.01%	new	Timeline
ALLEALLEGION PLC	1,769	$231K	0.01%	new	Timeline
ISDPGIM HIGH YIELD BOND FUND IN	16,000	$228K	0.01%	new	Timeline
FSPFRANKLIN STR PPTYS CORP	127,870	$228K	0.01%	+64,178	Timeline
UBSUBS GROUP AG	7,420	$227K	0.01%	new	Timeline
VDEVANGUARD WORLD FD	1,741	$226K	0.01%	0	Timeline
RKTROCKET COS INC	17,413	$225K	0.01%	new	Timeline
IESCIES HOLDINGS INC	1,338	$221K	0.01%	+95	Timeline
CWENCLEARWAY ENERGY INC	7,201	$218K	0.01%	new	Timeline
XYLDGLOBAL X FDS	5,500	$217K	0.01%	new	Timeline
OBDCBLUE OWL CAPITAL CORPORATION	14,425	$217K	0.01%	new	Timeline
POOLPOOL CORP	678	$216K	0.01%	-12	Timeline
RACEFERRARI N V	504	$215K	0.01%	new	Timeline
HCMHUTCHMED CHINA LTD	14,094	$212K	0.01%	+1,004	Timeline
SEESEALED AIR CORP NEW	7,322	$212K	0.01%	new	Timeline
MELIMERCADOLIBRE INC	108	$211K	0.01%	new	Timeline
MPLXMPLX LP	3,912	$209K	0.01%	new	Timeline
ESLTELBIT SYS LTD	543	$208K	0.01%	new	Timeline
TTDTHE TRADE DESK INC	3,756	$206K	0.01%	-902	Timeline
ESNTESSENT GROUP LTD	3,546	$205K	0.01%	new	Timeline
NBOSNEUBERGER BERMAN ETF TRUST	7,962	$204K	0.01%	0	Timeline
BARCLAYS BANK PLCBARCLAYS BANK PLC	7,500	$200K	0.01%	0
XMYDXBLACKROCK MUNIYIELD FUND	16,849	$192K	0.01%	new	Timeline
PFFDGLOBAL X FDS	10,000	$190K	0.01%	new	Timeline
ONDSONDAS INC	175,000	$187K	0.01%	new	Timeline
OGNORGANON & CO	12,425	$185K	0.01%	new	Timeline
SMFGSUMITOMO MITSUI FIN GRP INC	11,654	$180K	0.01%	-781	Timeline
RIVNRIVIAN AUTOMOTIVE INC	14,460	$180K	0.01%	+3,898	Timeline
SANBANCO SANTANDER SA	26,730	$179K	0.01%	+7,377	Timeline
GRSDGRANDSTAND LTD	14,032	$177K	0.01%	new	Timeline
AESAES CORP	13,402	$166K	0.01%	new	Timeline
VTRSVIATRIS INC	18,813	$164K	0.01%	-10,833	Timeline
RPCRIDGEPOST CAP INC	13,500	$159K	0.01%	0	Timeline
ICAD INCICAD INC	75,000	$154K	0.01%	-42,000
BLACKROCK N Y MUN INCOME TRUBLACKROCK N Y MUN INCOME TRU	14,694	$151K	<0.01%	+344
NUNU HLDGS LTD	14,539	$149K	<0.01%	new	Timeline
JPCNUVEEN PFD & INCOME OPPORTUN	17,841	$143K	<0.01%	+294	Timeline
TDOCTELADOC HEALTH INC	17,978	$143K	<0.01%	+7,819	Timeline
DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INC	15,287	$137K	<0.01%	new
GPGIGPGI INC	11,864	$129K	<0.01%	new	Timeline
MFGMIZUHO FINANCIAL GROUP INC	23,352	$129K	<0.01%	-1,664	Timeline
UWMCUWM HOLDINGS CORPORATION	22,567	$126K	<0.01%	new	Timeline
TET1 ENERGY INC	98,717	$124K	<0.01%	+48,717	Timeline
AMPLAMPLITUDE INC	12,182	$124K	<0.01%	new	Timeline
NADNUVEEN QUALITY MUNCP INCOME	10,537	$124K	<0.01%	+348	Timeline
VGMINVESCO TR INVT GRADE MUNS	12,377	$123K	<0.01%	+382	Timeline
VKQINVESCO MUNICIPAL TRUST	12,717	$123K	<0.01%	+354	Timeline
MHDBLACKROCK MUNIHOLDINGS FD IN	10,202	$121K	<0.01%	new	Timeline
VMOINVESCO MUN OPPORTUNIT TR	12,717	$121K	<0.01%	+410	Timeline
VGVENTURE GLOBAL INC	11,100	$114K	<0.01%	new	Timeline
FORGE GLOBAL HOLDINGS INCFORGE GLOBAL HOLDINGS INC	157,666	$88.6K	<0.01%	+26,000
NMRNOMURA HLDGS INC	14,322	$88.1K	<0.01%	new	Timeline
MSOSADVISORSHARES TR	31,675	$82.7K	<0.01%	-10,750	Timeline
QSQUANTUMSCAPE CORP	18,168	$75.6K	<0.01%	new	Timeline
PLTKPLAYTIKA HLDG CORP	12,786	$75.1K	<0.01%	-27,867	Timeline
BLNDBLEND LABS INC	18,024	$60.4K	<0.01%	+77	Timeline
RCATRED CAT HLDGS INC	10,000	$58.8K	<0.01%	new	Timeline
XRXXEROX HOLDINGS CORP	11,496	$57K	<0.01%	new	Timeline
BLZEBACKBLAZE INC	10,000	$48.3K	<0.01%	new	Timeline
THERATECHNOLOGIES INCTHERATECHNOLOGIES INC	33,090	$46.3K	<0.01%	0
PGENPRECIGEN INC	28,100	$41.9K	<0.01%	0	Timeline
RZLVREZOLVE AI PLC	33,853	$40.5K	<0.01%	new	Timeline
TMCTMC THE METALS COMPANY INC	17,000	$29.2K	<0.01%	-17,000	Timeline
BORRBORR DRILLING LTD	11,449	$25.1K	<0.01%	new	Timeline
STTKSHATTUCK LABS INC	22,000	$20.9K	<0.01%	new	Timeline
UPWHEELS UP EXPERIENCE INC	10,228	$10.3K	<0.01%	0	Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
XCEL BRANDS INCXCEL BRANDS INC	2,452,593	$1.25M	shares
TFISPDR SERIES TRUST	18,144	$828K	shares
STZCONSTELLATION BRANDS INC	3,650	$807K	shares
TQQQPROSHARES TR	9,200	$728K	shares
PREMIER INCPREMIER INC	31,509	$668K	shares
MEARISHARES U S ETF TR	12,447	$622K	shares
AAGILENT TECHNOLOGIES INC	4,227	$569K	shares
GSBDGOLDMAN SACHS BDC INC	40,924	$514K	shares
CCOCLEAR CHANNEL OUTDOOR HLDGS	348,234	$477K	shares
NTAPNETAPP INC	4,045	$470K	shares
TBILRBB FD INC	9,000	$449K	shares
EPAMEPAM SYS INC	1,794	$419K	shares
JJACOBS SOLUTIONS INC	3,111	$416K	shares
JHGJANUS HENDERSON GROUP PLC	9,538	$406K	shares
INCYINCYTE CORP	5,452	$377K	shares
VRTVERTIV HOLDINGS CO	3,277	$372K	shares
FANGDIAMONDBACK ENERGY INC	2,210	$362K	shares
UUNITY SOFTWARE INC	14,982	$337K	shares
WEBLDIREXION SHARES ETF TRUST	12,000	$322K	shares
HPQHP INC	9,703	$322K	shares
BEPBROOKFIELD RENEWABLE ENERGY	13,830	$315K	shares
AAPADVANCE AUTO PARTS INC	6,440	$305K	shares
MRNAMODERNA INC	7,281	$303K	shares
RHRH	743	$292K	shares
FOURSHIFT4 PMTS INC	2,700	$280K	shares
RFREGIONS FINANCIAL CORP NEW	11,648	$278K	shares
GTMZOOMINFO TECHNOLOGIES INC	26,394	$277K	shares
VLTOVERALTO CORP	2,655	$271K	shares
EXREXTRA SPACE STORAGE INC	1,774	$265K	shares
CNCCENTENE CORP DEL	4,248	$257K	shares
SPBSPECTRUM BRANDS HOLDINGS INC	2,809	$237K	shares
GLPIGAMING & LEISURE P	4,854	$234K	shares
IPGPIPG PHOTONICS CORP	3,164	$230K	shares
AITAPPLIED INDL TECHNOLOGIES IN	957	$229K	shares
CHWYCHEWY INC	6,728	$225K	shares
RDDTREDDIT INC	1,376	$225K	shares
MDBMONGODB INC	962	$224K	shares
DOCHEALTHPEAK PROPERTIES INC	10,218	$207K	shares
ENPHENPHASE ENERGY INC	3,002	$206K	shares
CHRWC H ROBINSON WORLDWIDE IN	1,980	$206K	shares
OVVOVINTIV INC	5,073	$205K	shares
ELANELANCO ANIMAL HEALTH INC	16,428	$199K	shares
MMACYS INC	11,416	$196K	shares
MQYBLACKROCK MUNIYILD QULT FD I	17,178	$191K	shares
CERTCERTARA INC	12,971	$138K	shares
LVROFLAVORO LTD ORD SHS CL A (CYM)	20,000	$95.8K	shares
ARRYARRAY TECHNOLOGIES INC	10,579	$63.9K	shares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001951757-25-000462	base		2025-04-28	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC