Summit Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AK STL HLDG CORP	EQUITY	001547108	46	12,000	SH		SOLE		12,000	0	0
AMGEN INC	EQUITY	031162100	25,583	166,641	SH		SOLE		166,641	0	0
ANADARKO PETROLEUM CORP.	EQUITY	032511107	5,017	64,270	SH		SOLE		64,270	0	0
APACHE CORP	EQUITY	037411105	3,523	61,130	SH		SOLE		61,130	0	0
APPLE COMPUTER INC	EQUITY	037833100	381	3,039	SH		SOLE		3,039	0	0
ASHFORD HOSPITALITY TR COM SHS	EQUITY	044103109	85	10,000	SH		SOLE		10,000	0	0
BANK OF AMERICA CORP	EQUITY	060505104	249	14,614	SH		SOLE		14,614	0	0
BERKSHIRE HATHAWAY INC-CL A	EQUITY	084670108	205	1	SH		SOLE		1	0	0
BERKSHIRE HATHAWAY INC-CL B	EQUITY	084670702	1,599	11,745	SH		SOLE		11,745	0	0
BREITBURN ENERGY PRTNR COM UT	EQUITY	106776107	55	11,456	SH		SOLE		11,456	0	0
COCA COLA ENTERPRISES, INC	EQUITY	19122t109	782	18,000	SH		SOLE		18,000	0	0
COSTCO WHOLESALE CORP	EQUITY	22160K105	904	6,695	SH		SOLE		6,695	0	0
DIAGEO PLC NEW	EQUITY	25243Q205	5,467	47,115	SH		SOLE		47,115	0	0
EQUITY RESIDENTIAL	EQUITY	29476L107	561	8,000	SH		SOLE		8,000	0	0
EXXON MOBIL CORP	EQUITY	30231G102	5,121	61,552	SH		SOLE		61,552	0	0
GENERAL ELECTRIC CO	EQUITY	369604103	6,138	231,007	SH		SOLE		231,007	0	0
GULF COAST ULTRA DEEP RTY TR R	EQUITY	40222T104	574	819,858	SH		SOLE		819,858	0	0
HECLA MNG CO	EQUITY	422704106	2,230	847,850	SH		SOLE		847,850	0	0
HERTZ GLOBAL HOLDINGS INC	EQUITY	42805t105	5,332	294,250	SH		SOLE		294,250	0	0
LANDEC CORP	EQUITY	514766104	2,645	183,333	SH		SOLE		183,333	0	0
MEDALLION FINANCIAL CORP	EQUITY	583928106	985	117,938	SH		SOLE		117,938	0	0
MICROSOFT CORP	EQUITY	594918104	25,329	573,697	SH		SOLE		573,697	0	0
MIMEDX GROUP INC	EQUITY	602496101	4,233	365,200	SH		SOLE		365,200	0	0
NUMEREX CORP	EQUITY	67053a102	452	52,977	SH		SOLE		52,977	0	0
OCCIDENTAL PETE CP DEL COM	EQUITY	674599105	5,830	74,960	SH		SOLE		74,960	0	0
OMEROS CORP	EQUITY	682143102	1,415	78,634	SH		SOLE		78,634	0	0
PAN AMERICAN SILVER CORP	EQUITY	697900108	1,469	171,050	SH		SOLE		171,050	0	0
POTLATCH CORP	EQUITY	737630103	8,313	235,357	SH		SOLE		235,357	0	0
PROSPECT CAPITAL CORP	EQUITY	74348t102	4,033	547,269	SH		SOLE		547,269	0	0
SEQUENOM INC COM	EQUITY	817337405	248	81,700	SH		SOLE		81,700	0	0
TELECOMMUNICATIONS SYS INC	EQUITY	87929j103	199	60,000	SH		SOLE		60,000	0	0
UNITED PARCEL SERVICE	EQUITY	911312106	9,100	93,900	SH		SOLE		93,900	0	0
US BANCORP NEW	EQUITY	902973304	7,387	170,209	SH		SOLE		170,209	0	0
VODAFONE GROUP PLC	EQUITY	92857W308	3,501	96,047	SH		SOLE		96,047	0	0
VOLT INFORMATION SCIENCES INC	EQUITY	928703107	6,332	652,096	SH		SOLE		652,096	0	0
WISCONSIN ENERGY	EQUITY	92939U106	1,681	37,375	SH		SOLE		37,375	0	0
XPLORE TECHNOLOGIES CORPORATIO	EQUITY	983950700	2,938	506,569	SH		SOLE		506,569	0	0
ALERIAN MLP ETF	ETF	00162q866	3,473	223,187	SH		SOLE		223,187	0	0
FIRST TRUST ISE REVERE NAT GAS	ETF	33734j102	2,586	273,648	SH		SOLE		273,648	0	0
GABELLI GLOBAL DEAL FUND	ETF	361570104	1,016	99,657	SH		SOLE		99,657	0	0
ISHARES DOW JONES SELECT DIV I	ETF	464287168	1,532	20,383	SH		SOLE		20,383	0	0
ISHARES FTSE NAREIT MORTGAGE I	ETF	464288539	1,714	161,968	SH		SOLE		161,968	0	0
ISHARES NASDAQ BIOTECHNOLOGY	ETF	464287556	15,828	42,898	SH		SOLE		42,898	0	0
ISHARES RUS 2000 GRW ETF	ETF	464287648	6,667	43,129	SH		SOLE		43,129	0	0
ISHARES S&P 500 INDEX FUND	ETF	464287200	928	4,480	SH		SOLE		4,480	0	0
ISHARES TR RUSSELL 1000 GROWTH	ETF	464287614	448	4,521	SH		SOLE		4,521	0	0
MSCI EAFE INDEX RUSSELL1000VAL	ETF	464287598	385	3,728	SH		SOLE		3,728	0	0
POWERSHARES ETF DYNAMIC PHARMA	ETF	73935X799	6,511	83,107	SH		SOLE		83,107	0	0
POWERSHARES NASDAQ 100 SERIES	ETF	73935A104	9,751	91,068	SH		SOLE		91,068	0	0
SPDR S&P SEMICONDUCTOR	ETF	78464A862	12,401	144,042	SH		SOLE		144,042	0	0
YORKVILLE HIGH INCOME MLP	ETF	301505103	286	27,518	SH		SOLE		27,518	0	0
ISHARES EUROPE	ETF	464287861	2,469	56,465	SH		SOLE		56,465	0	0
ISHARES INTERNATIONAL DIVIDEND	ETF	464288448	1,630	50,430	SH		SOLE		50,430	0	0
ISHARES MSCI SOUTH KOREA INDEX	ETF	464286772	1,822	33,055	SH		SOLE		33,055	0	0
VANGUARD FTSE EUROPE ETF	ETF	922042874	2,912	53,952	SH		SOLE		53,952	0	0
WISDOMTREE TR INTL DIVID EX	ETF	97717w786	1,514	35,565	SH		SOLE		35,565	0	0
ALLIANCE BERNSTEIN INCOME FD	ETF	01881E101	1,991	267,666	SH		SOLE		267,666	0	0
ABERDEEN ASIA-PACIFIC PRIME IN	ETF	003009107	2,309	465,509	SH		SOLE		465,509	0	0
PIMCO DYNAMIC CREDIT INCOME	ETF	72202d106	645	31,984	SH		SOLE		31,984	0	0
PIMCO DYNAMIC INCOME FUND	ETF	72201y101	648	22,196	SH		SOLE		22,196	0	0
ISHARES 20+YR TREASURY BOND FU	ETF	464287432	1,241	10,568	SH		SOLE		10,568	0	0
ISHARES BARCLAYS AGGREGATE BON	ETF	464287226	2,506	23,039	SH		SOLE		23,039	0	0
ISHARES TIPS BOND FUND	ETF	464287176	1,212	10,820	SH		SOLE		10,820	0	0