Summit Financial Strategies Q1 2023 vs. Q2 2023: A Comprehensive Analysis of 13F Holdings

Summit Financial Strategies, Inc. is a prominent financial firm that manages investments for its clients. As part of their reporting obligations, they filed a Form 13F with the Securities and Exchange Commission to disclose their holdings for the first quarter of 2023 (Q1 2023) and the second quarter of 2023 (Q2 2023). In this article, we will delve into the changes in Summit Financial Strategies' holdings during this period and analyze the potential implications.

Let's start by examining some key highlights from the data. Please note that all figures mentioned here are in thousands of dollars, unless specified otherwise.

1. DIMENSIONAL ETF TRUST (DFIC):

- Q1 2023 Holdings: 3,310,579 shares

- Q2 2023 Holdings: 3,305,187 shares

- Q1 2023 Value: $79,669

- Q2 2023 Value: $80,216

- Percentage Change: 0.7%

2. SCHWAB STRATEGIC TR (SCHB):

- Q1 2023 Holdings: 1,390,052 shares

- Q2 2023 Holdings: 1,392,113 shares

- Q1 2023 Value: $66,513

- Q2 2023 Value: $71,972

- Percentage Change: 8.2%

3. ISHARES TR (IVV):

- Q1 2023 Holdings: 146,807 shares

- Q2 2023 Holdings: 144,066 shares

- Q1 2023 Value: $60,349

- Q2 2023 Value: $64,211

- Percentage Change: 6.4%

These are just a few examples, but they provide a snapshot of Summit Financial Strategies' investment activities during the mentioned period. Now, let's analyze these changes more comprehensively.

1. Evaluation of Changes:

- DFIC: Despite a marginal decrease in the number of shares held, the value of the holdings increased by 0.7%. This suggests that the overall performance of the DIMENSIONAL ETF TRUST was positive.

- SCHB: Summit Financial Strategies slightly increased their holdings in SCHWAB STRATEGIC TR, leading to an 8.2% growth in value. This indicates their confidence in the fund's prospects.

- IVV: Although there was a decrease in both the number of shares held and the percentage change, the value of the holdings still grew by 6.4%. This suggests a positive outcome for the ISHARES TR fund.

2. Sector Analysis:

To gain deeper insights, it's essential to analyze the sectors in which Summit Financial Strategies shifted their investments. This analysis helps to identify any notable trends or strategies employed by the firm.

- Technology: Firms like APPLE INC (AAPL), MICROSOFT CORP (MSFT), and AMAZON COM INC (AMZN) witnessed increased investments, indicating Summit Financial Strategies' focus on the thriving technology sector.

- Financials: BERKSHIRE HATHAWAY INC DEL (BRK-B), JPMORGAN CHASE & CO (JPM), and HUNTINGTON BANCSHARES INC (HBAN) are a few examples of financial institutions where Summit Financial Strategies had significant holdings.

- Consumer Goods: Names like PROCTER AND GAMBLE CO (PG), NIKE INC (NKE), and PEPSICO INC (PEP) suggest a focus on stable consumer goods companies.

This sector-wise analysis allows us to understand the diversification and strategic considerations made by Summit Financial Strategies during the analyzed period.

3. Implications and Conclusion:

Based on the data, it is evident that Summit Financial Strategies cautiously managed its clients' investments in Q1 2023 and Q2 2023. The noteworthy changes in their holdings indicate a keen eye for opportunities and a proactive approach to capitalizing on market trends.

While past performance is not indicative of future results, monitoring changes in holdings helps both Summit Financial Strategies and their clients make informed decisions about the allocation of resources. By analyzing the changes in holdings, investment professionals can identify patterns, recognize investment strategies used by fund managers, and potentially uncover valuable insights that can guide decision-making going forward.

Disclaimer: The information provided in this article is purely based on publicly available data and should not be considered as financial advice. Investors are advised to conduct their own research and seek professional advice before making any investment decisions.

In conclusion, analyzing the 13F holdings of Summit Financial Strategies, Inc. provides valuable insights into their investment strategy and market trends. By evaluating the changes in their holdings, we can better understand the decisions made by investment professionals and potentially derive valuable insights for future investments in various sectors.