SUMMIT ASSET MANAGEMENT, LLC Information

5100 WHEELIS DRIVE, SUITE 107, MEMPHIS, Tennessee, 38117, (901) 729-8100

Report Date: 12/31/2014

Position Statistics

Total Positions 93
New Positions 7
Increased Positions 41
Decreased Positions 28
Positions with Activity 69
Sold Out Positions 6
Total Mkt Value (in $ millions) 227

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 0.59%
Capital Goods 0.17%
Conglomerates
Consumer Cyclical 0.63%
Consumer/Non-Cyclical 1.66%
Energy 2.06%
Financial 87.64%
Healthcare 1.77%
Services 2.43%
Technology 1.18%
Transportation 0.71%
Utilities 0.73%

93 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BERKSHIRE HATHAWAY INC DEL CL A 87,880 New 400
SCHWAB STRATEGIC TR US DIVIDEND EQ 23,345 -6 (0.03) 588,041
SCHWAB STRATEGIC TR US LCAP GR ETF 11,838 -65 (0.54) 217,979
ISHARES MRGSTR MD CP GRW 10,252 -62 (0.6) 61,175
SCHWAB STRATEGIC TR US LCAP VA ETF 10,104 13 .13 231,802
SPDR DOW JONES INDL AVRG ETF UT SER 1 8,745 75 .87 48,751
SCHWAB STRATEGIC TR INTL EQTY ETF 7,492 -645 (7.93) 244,424
CLAYMORE EXCHANGE TRD FD TR GUGG BULL 2015 6,065 1,044 20.80 232,372
CLAYMORE EXCHANGE TRD FD TR GUG BLT2016 HY 5,862 1,076 22.48 222,369
CLAYMORE EXCHANGE TRD FD TR GUG BLT2017 HY 5,485 779 16.56 207,451
BERKSHIRE HATHAWAY INC DEL CL B NEW 3,832 29 .77 26,253
EXXON MOBIL CORP COM 2,213 7 .30 25,844
PROCTER & GAMBLE CO COM 1,931 5 .26 23,344
SCHWAB STRATEGIC TR US AGGREGATE B 1,609 1,609 New 30,450
FIRST HORIZON NATL CORP COM 1,482 -9 (0.57) 103,112
SCHWAB STRATEGIC TR US MID-CAP ETF 1,443 86 6.35 33,256
AUTOZONE INC COM 1,441 New 2,090
INTERNATIONAL BUSINESS MACHS COM 1,291 -21 (1.59) 7,935
FEDEX CORP COM 1,172 69 6.29 7,027
JOHNSON & JOHNSON COM 1,171 -20 (1.67) 11,527