Summittx Capital, L.P.
SummitTX Capital, L.P. is an open architecture, multi-manager, multi-strategy hedge fund manager headquartered in Fort Worth, Texas. Founded in 2015, SummitTX (formerly Crestline Summit) manages over $3 billion in assets and operates as a privately held partnership. The firm employs approximately 235 people and offers three investment solutions utilizing a shared process and portfolio. SummitTX serves institutional investors seeking diversified hedge fund exposure.
Investment Strategy
SummitTX Capital applies a multi-manager, multi-strategy open architecture approach. The firm invests across fundamental, tactical, quantitative, and capital markets strategies through a market-neutral, equity-oriented portfolio structure. Their offerings cater to various risk/reward profiles and are designed to deliver diversifying hedge fund returns through a disciplined process managed by multiple portfolio managers. Investment decisions leverage both discretionary and systematic techniques within a robust risk framework.
Top Holdings
Equity Positions (708)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I IVV | ISHARES TR | 13.12% | $304.9M | 491,000 | $561.90 | $620.90 | +$23.9M |
Q QQQ | INVESCO QQQ TR | 2.80% | $65.1M | 118,000 | $468.92 | $551.64 | -$29.2M |
M MSFT | MICROSOFT CORP | 1.92% | $44.6M | 89,742 | $493.51 | $497.41 | +$43.6M |
N NVDA | NVIDIA CORPORATION | 1.81% | $42.1M | 266,407 | $142.77 | $157.99 | +$33.2M |
A AMZN | AMAZON COM INC | 1.03% | $23.9M | 109,087 | $192.74 | $219.39 | +$4.9M |
Options Positions (5)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | Sold | Put | $30.9M | 500 | $617.85 | $559.39 | -500 | -$25.0M |
S SMH | VANECK ETF TRUST | New | Put | $11.2M | 400 | $278.88 | $278.88 | +400 | +$11.2M |
L LLY | ELI LILLY & CO | New | Put | $5.8M | 75 | $779.53 | $779.53 | +75 | +$5.8M |
A AMGN | AMGEN INC | New | Call | $3.8M | 135 | $279.21 | $279.21 | +135 | +$3.8M |
A AMGN | AMGEN INC | New | Put | $977.2K | 35 | $279.21 | $279.21 | +35 | +$977.2K |