Sierra Summit Advisors 13F annual report

Sierra Summit Advisors is an investment fund managing more than $401 billion ran by Chad Whiteley. There are currently 134 companies in Mr. Whiteley’s portfolio. The largest investments include NVIDIA Corp and Apple Inc, together worth $45.9 billion.

$401 billion Assets Under Management (AUM)

As of 2nd August 2024, Sierra Summit Advisors’s top holding is 188,541 shares of NVIDIA Corp currently worth over $23.3 billion and making up 5.8% of the portfolio value. Relative to the number of outstanding shares of NVIDIA Corp, Sierra Summit Advisors owns more than approximately 0.1% of the company. In addition, the fund holds 107,372 shares of Apple Inc worth $22.6 billion, whose value grew 13.0% in the past six months. The third-largest holding is Alphabet Inc worth $16.1 billion and the next is Amazon.com worth $13.7 billion, with 71,108 shares owned.

Currently, Sierra Summit Advisors's portfolio is worth at least $401 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 Sierra Summit Advisors

The Sierra Summit Advisors office and employees reside in Incline Village, Nevada. According to the last 13-F report filed with the SEC, Chad Whiteley serves as the Managing Member at Sierra Summit Advisors.

Recent trades

In the most recent 13F filing, Sierra Summit Advisors revealed that it had opened a new position in First Solar Inc and bought 44,899 shares worth $10.1 billion. This means they effectively own approximately 0.1% of the company. First Solar Inc makes up 82.3% of the fund's Utilities sector allocation and has grown its share price by 4.7% in the past year.

The investment fund also strengthened its position in NVIDIA Corp by buying 166,683 additional shares. This makes their stake in NVIDIA Corp total 188,541 shares worth $23.3 billion. NVIDIA Corp dropped 75.3% in the past year.

On the other hand, there are companies that Sierra Summit Advisors is getting rid of from its portfolio. Sierra Summit Advisors closed its position in Match on 9th August 2024. It sold the previously owned 254,692 shares for $9.24 billion. Chad Whiteley also disclosed a decreased stake in Apple Inc by 0.1%. This leaves the value of the investment at $22.6 billion and 107,372 shares.

One of the smaller hedge funds

The two most similar investment funds to Sierra Summit Advisors are Icon Advisers Inc/co and Woodard & Co Asset Management Group Inc adv. They manage $401 billion and $401 billion respectively.


Chad Whiteley investment strategy

Sierra Summit Advisors’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 32.2% of the total portfolio value. The fund focuses on investments in the United States as 64.2% 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 59% of the total holdings value. On the other hand, small-cap stocks make up only 3.0% of the portfolio. The average market cap of the portfolio companies is close to $149 billion.

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

These positions were updated on August 9th 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
762.57%
188,541
$23,292,356,000 5.81%
Apple Inc
11.00%
107,372
$22,614,691,000 5.64%
Alphabet Inc
2.76%
88,212
$16,074,383,000 4.01%
Amazon.com Inc.
6.11%
71,108
$13,741,621,000 3.43%
Intuitive Surgical Inc
0.76%
27,189
$12,095,027,000 3.02%
Palo Alto Networks Inc
22.86%
34,119
$11,566,683,000 2.89%
Meta Platforms Inc
1.48%
22,483
$11,336,379,000 2.83%
Boston Scientific Corp.
6.53%
147,030
$11,322,781,000 2.83%
Ishares Tr
7.91%
156,596
$16,832,298,000 4.20%
Datadog Inc
112.82%
80,598
$10,452,755,000 2.61%
Icon Plc
4.52%
33,344
$10,452,344,000 2.61%
MercadoLibre Inc
2.55%
6,324
$10,392,862,000 2.59%
First Solar Inc
Opened
44,899
$10,122,929,000 2.53%
Microsoft Corporation
2.67%
22,296
$9,965,198,000 2.49%
Pfizer Inc.
4.94%
349,690
$9,784,327,000 2.44%
Match Group Inc.
Closed
254,692
$9,240,226,000
Zscaler Inc
Closed
47,143
$9,081,157,000
Cboe Global Mkts Inc
78.96%
53,295
$9,063,348,000 2.26%
Salesforce Inc
16.59%
33,578
$8,632,904,000 2.15%
Quanta Svcs Inc
47.79%
33,732
$8,570,964,000 2.14%
Advanced Micro Devices Inc.
0.63%
51,024
$8,276,604,000 2.07%
Shopify Inc
3.88%
123,881
$8,182,341,000 2.04%
Eli Lilly & Co
6.70%
8,899
$8,056,977,000 2.01%
Ge Vernova Inc
Opened
46,787
$8,024,439,000 2.00%
Visa Inc
7.26%
29,512
$7,746,015,000 1.93%
Lululemon Athletica inc.
43.81%
25,498
$7,616,253,000 1.90%
Celsius Holdings Inc
7.12%
132,027
$7,537,422,000 1.88%
Snowflake Inc.
Closed
45,473
$7,348,437,000
Booking Holdings Inc
2.56%
1,723
$6,825,665,000 1.70%
Phillips 66
Opened
44,356
$6,261,737,000 1.56%
UiPath, Inc.
Closed
272,434
$6,176,079,000
MongoDB Inc
Opened
24,050
$6,011,538,000 1.50%
AECOM
Opened
65,889
$5,807,457,000 1.45%
Crowdstrike Holdings Inc
2.28%
15,011
$5,752,066,000 1.44%
Netflix Inc.
12.64%
8,474
$5,718,934,000 1.43%
Thermo Fisher Scientific Inc.
38.34%
8,213
$4,541,789,000 1.13%
Tesla Inc
Opened
21,213
$4,197,629,000 1.05%
Blackstone Inc
Opened
30,429
$3,767,111,000 0.94%
PDD Holdings Inc
Opened
23,298
$3,097,470,000 0.77%
Broadcom Inc.
12.86%
1,518
$2,437,195,000 0.61%
JPMorgan Chase & Co.
5.05%
11,728
$2,372,106,000 0.59%
Abbvie Inc
10.56%
12,097
$2,074,878,000 0.52%
Spdr S&p 500 Etf Tr
18.51%
3,764
$2,048,445,000 0.51%
Unitedhealth Group Inc
76.34%
3,314
$1,687,688,000 0.42%
Qualcomm, Inc.
12.26%
8,047
$1,602,802,000 0.40%
International Business Machs
12.35%
9,072
$1,569,003,000 0.39%
Cummins Inc.
12.07%
5,136
$1,422,313,000 0.35%
Target Corp
9.50%
9,178
$1,358,712,000 0.34%
Johnson & Johnson
7.68%
9,195
$1,343,942,000 0.34%
Rush Enterprises Inc
Closed
23,719
$1,269,441,000
Home Depot, Inc.
52.62%
3,414
$1,175,236,000 0.29%
CME Group Inc
No change
5,622
$1,105,286,000 0.28%
Comcast Corp New
8.61%
27,762
$1,087,160,000 0.27%
Chubb Limited
9.79%
4,251
$1,084,346,000 0.27%
Cisco Sys Inc
7.28%
22,721
$1,079,475,000 0.27%
Daktronics Inc.
9.49%
69,060
$963,387,000 0.24%
Vanguard Index Fds
8.93%
2,500
$934,985,000 0.23%
Merck & Co Inc
14.39%
6,970
$862,886,000 0.22%
AMGEN Inc.
87.92%
2,704
$844,865,000 0.21%
Bank America Corp
136.21%
20,314
$807,888,000 0.20%
Juniper Networks Inc
14.98%
22,141
$807,261,000 0.20%
General Dynamics Corp.
10.62%
2,761
$801,077,000 0.20%
Gilead Sciences, Inc.
Opened
11,408
$782,703,000 0.20%
NRG Energy Inc.
8.33%
9,870
$768,479,000 0.19%
Accenture Plc Ireland
No change
2,475
$750,940,000 0.19%
Corning, Inc.
7.24%
19,298
$749,728,000 0.19%
Tyson Foods, Inc.
9.03%
12,796
$731,164,000 0.18%
HomeTrust Bancshares Inc
Opened
23,692
$711,471,000 0.18%
Northeast Cmnty Bancorp Inc
Opened
39,147
$697,600,000 0.17%
Cnx Res Corp
7.67%
28,657
$696,366,000 0.17%
Bristol-Myers Squibb Co.
Closed
12,567
$681,509,000
Greenlight Capital Re Ltd
16.26%
51,409
$673,458,000 0.17%
Innovative Indl Pptys Inc
Opened
6,157
$672,468,000 0.17%
Acm Resh Inc
49.15%
29,080
$670,585,000 0.17%
Urban Edge Pptys
Opened
36,127
$667,266,000 0.17%
Teekay Corp
Opened
72,999
$654,802,000 0.16%
Greenbrier Cos., Inc.
28.50%
13,152
$651,682,000 0.16%
Signet Jewelers Limited
Opened
7,250
$649,455,000 0.16%
Packaging Corp Amer
17.04%
3,545
$647,176,000 0.16%
Village Super Mkt Inc
21.65%
24,458
$645,936,000 0.16%
Miller Inds Inc Tenn
5.16%
11,617
$639,168,000 0.16%
Clearwater Paper Corp
Opened
13,118
$635,830,000 0.16%
Integer Hldgs Corp
0.83%
5,368
$621,561,000 0.16%
M/i Homes Inc
11.03%
5,053
$617,174,000 0.15%
CVS Health Corp
Closed
7,732
$616,705,000
Perdoceo Ed Corp
9.34%
28,727
$615,333,000 0.15%
Regeneron Pharmaceuticals, Inc.
No change
585
$614,853,000 0.15%
Omnicom Group, Inc.
11.43%
6,834
$613,010,000 0.15%
RTX Corp
8.25%
6,099
$612,279,000 0.15%
Honda Motor
16.30%
18,905
$609,498,000 0.15%
Mueller Inds Inc
Closed
11,226
$605,419,000
Zions Bancorporation N.A
8.31%
13,863
$601,239,000 0.15%
Micron Technology Inc.
33.37%
4,568
$600,830,000 0.15%
OSI Systems, Inc.
Closed
4,188
$598,131,000
Immersion Corp
Opened
63,201
$594,722,000 0.15%
Green Brick Partners, Inc.
Closed
9,678
$582,906,000
SolarWinds Corp
Closed
46,138
$582,262,000
Marathon Digital Holdings In
Closed
25,494
$575,655,000
Photronics, Inc.
Closed
19,717
$558,386,000
ePlus Inc
Closed
7,034
$552,451,000
Surmodics, Inc.
Closed
18,792
$551,358,000
Forestar Group Inc
2.20%
17,166
$549,141,000 0.14%
Park-ohio Hldgs Corp
Closed
20,382
$543,792,000
Exxon Mobil Corp.
11.53%
4,632
$533,236,000 0.13%
Disney Walt Co
12.05%
5,132
$509,542,000 0.13%
Genuine Parts Co.
21.19%
3,626
$501,549,000 0.13%
General Mls Inc
Closed
6,949
$486,222,000
Spok Holdings Inc
Closed
30,328
$483,732,000
Oracle Corp.
54.64%
3,286
$463,984,000 0.12%
Pure Storage Inc
27.33%
7,035
$451,718,000 0.11%
Aflac Inc.
Opened
5,000
$446,550,000 0.11%
Wells Fargo Co New
6.73%
7,401
$439,546,000 0.11%
Nucor Corp.
13.02%
2,752
$435,037,000 0.11%
Goldman Sachs Group, Inc.
19.52%
955
$431,966,000 0.11%
American Elec Pwr Co Inc
18.14%
4,918
$431,506,000 0.11%
Dow Inc
5.67%
8,108
$430,130,000 0.11%
Select Sector Spdr Tr
12.59%
11,043
$424,162,000 0.11%
Vanguard Intl Equity Index F
19.24%
7,220
$423,381,000 0.11%
Mcdonalds Corp
4.86%
1,660
$423,035,000 0.11%
Blackrock Inc.
20.09%
532
$418,855,000 0.10%
Interpublic Group Cos Inc
12.50%
14,217
$413,573,000 0.10%
Evergy Inc
Opened
7,682
$406,916,000 0.10%
Hess Corporation
83.33%
2,750
$405,680,000 0.10%
Williams Cos Inc
No change
9,483
$403,028,000 0.10%
Archer Daniels Midland Co.
11.59%
6,468
$390,991,000 0.10%
Pepsico Inc
No change
2,299
$379,175,000 0.09%
Steel Dynamics Inc.
50.65%
2,900
$375,550,000 0.09%
Northern Tr Corp
7.98%
4,412
$370,520,000 0.09%
WEC Energy Group Inc
Opened
4,653
$365,075,000 0.09%
Abbott Labs
No change
3,500
$363,685,000 0.09%
Adobe Inc
43.67%
650
$361,101,000 0.09%
Gold Fields Ltd
8.63%
23,380
$348,362,000 0.09%
Campbell Soup Co.
8.81%
7,624
$344,529,000 0.09%
Amdocs Ltd
8.51%
4,323
$341,172,000 0.09%
Intel Corp.
Closed
7,713
$340,684,000
Sempra
11.64%
4,324
$328,884,000 0.08%
Schwab Strategic Tr
7.37%
16,446
$934,157,000 0.23%
Walmart Inc
No change
4,800
$325,008,000 0.08%
Kimberly-Clark Corp.
8.65%
2,337
$322,974,000 0.08%
Yum Brands Inc.
No change
2,400
$317,904,000 0.08%
Duke Energy Corp.
12.59%
3,131
$313,821,000 0.08%
Kroger Co.
Opened
6,223
$310,715,000 0.08%
The Southern Co.
Closed
4,294
$308,052,000
CryoPort Inc
No change
42,910
$296,509,000 0.07%
Chevron Corp.
13.80%
1,839
$287,657,000 0.07%
Bank Montreal Que
Closed
2,884
$281,710,000
Magna International Inc.
8.14%
6,613
$277,085,000 0.07%
Constellation Energy Corp
Opened
1,347
$269,764,000 0.07%
Polaris Inc
15.83%
3,424
$268,134,000 0.07%
Toronto Dominion Bk Ont
Closed
4,438
$267,967,000
Citigroup Inc
22.43%
4,080
$258,917,000 0.06%
AT&T Inc.
32.49%
13,521
$258,387,000 0.06%
Verizon Communications Inc
12.88%
6,151
$253,668,000 0.06%
United Parcel Service, Inc.
Closed
1,680
$249,699,000
Valero Energy Corp.
No change
1,500
$235,140,000 0.06%
KLA Corp.
67.46%
275
$226,741,000 0.06%
Schwab Charles Corp
No change
3,000
$221,070,000 0.06%
No transactions found
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