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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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
AMGEN INC	EQUITY	031162100	23,050	166,641	SH		SOLE		166,641	0	0
ANADARKO PETROLEUM CORP.	EQUITY	032511107	3,630	60,115	SH		SOLE		60,115	0	0
APACHE CORP	EQUITY	037411105	2,259	57,685	SH		SOLE		57,685	0	0
APPLE COMPUTER INC	EQUITY	037833100	320	2,900	SH		SOLE		2,900	0	0
ASHFORD HOSPITALITY TR COM SHS	EQUITY	044103109	61	10,000	SH		SOLE		10,000	0	0
BANK OF AMERICA CORP	EQUITY	060505104	197	12,614	SH		SOLE		12,614	0	0
BERKSHIRE HATHAWAY INC-CL B	EQUITY	084670702	3,215	24,655	SH		SOLE		24,655	0	0
BREITBURN ENERGY PRTNR COM UT	EQUITY	106776107	31	15,456	SH		SOLE		15,456	0	0
COCA COLA ENTERPRISES, INC	EQUITY	19122t109	870	18,000	SH		SOLE		18,000	0	0
DIAGEO PLC NEW	EQUITY	25243Q205	5,062	46,960	SH		SOLE		46,960	0	0
EQUITY RESIDENTIAL	EQUITY	29476L107	601	8,000	SH		SOLE		8,000	0	0
EXXON MOBIL CORP	EQUITY	30231G102	4,326	58,183	SH		SOLE		58,183	0	0
GENERAL ELECTRIC CO	EQUITY	369604103	5,521	218,908	SH		SOLE		218,908	0	0
GULF COAST ULTRA DEEP RTY TR R	EQUITY	40222T104	398	1,372,459	SH		SOLE		1,372,459	0	0
HECLA MNG CO	EQUITY	422704106	3,173	1,610,750	SH		SOLE		1,610,750	0	0
HERTZ GLOBAL HOLDINGS INC	EQUITY	42805t105	4,568	273,050	SH		SOLE		273,050	0	0
LANDEC CORP	EQUITY	514766104	1,148	98,362	SH		SOLE		98,362	0	0
MEDALLION FINANCIAL CORP	EQUITY	583928106	1,131	149,248	SH		SOLE		149,248	0	0
MICROSOFT CORP	EQUITY	594918104	25,144	568,094	SH		SOLE		568,094	0	0
MIMEDX GROUP INC	EQUITY	602496101	3,461	358,650	SH		SOLE		358,650	0	0
NUMEREX CORP	EQUITY	67053a102	445	51,077	SH		SOLE		51,077	0	0
OCCIDENTAL PETE CP DEL COM	EQUITY	674599105	4,689	70,880	SH		SOLE		70,880	0	0
OMEROS CORP	EQUITY	682143102	431	39,309	SH		SOLE		39,309	0	0
PAN AMERICAN SILVER CORP	EQUITY	697900108	1,042	164,145	SH		SOLE		164,145	0	0
POTLATCH CORP	EQUITY	737630103	7,177	249,288	SH		SOLE		249,288	0	0
PROSPECT CAPITAL CORP	EQUITY	74348t102	4,151	582,211	SH		SOLE		582,211	0	0
SEQUENOM INC COM	EQUITY	817337405	160	91,700	SH		SOLE		91,700	0	0
TELECOMMUNICATIONS SYS INC	EQUITY	87929j103	224	65,000	SH		SOLE		65,000	0	0
UNITED PARCEL SERVICE	EQUITY	911312106	9,168	92,900	SH		SOLE		92,900	0	0
US BANCORP NEW	EQUITY	902973304	6,722	163,909	SH		SOLE		163,909	0	0
VODAFONE GROUP PLC	EQUITY	92857W308	2,992	94,277	SH		SOLE		94,277	0	0
VOLT INFORMATION SCIENCES INC	EQUITY	928703107	5,559	610,894	SH		SOLE		610,894	0	0
WIDEPOINT CORP COM	EQUITY	967590100	26	30,000	SH		SOLE		30,000	0	0
XPLORE TECHNOLOGIES CORPORATIO	EQUITY	983950700	3,497	659,842	SH		SOLE		659,842	0	0
ALERIAN MLP ETF	ETF	00162q866	3,750	300,497	SH		SOLE		300,497	0	0
FIRST TRUST DJ INTERNET INDEX	ETF	33733e302	6,338	95,933	SH		SOLE		95,933	0	0
FIRST TRUST ISE REVERE NAT GAS	ETF	33734j102	1,466	260,812	SH		SOLE		260,812	0	0
GABELLI GLOBAL DEAL FUND	ETF	361570104	834	85,138	SH		SOLE		85,138	0	0
ISHARES DOW JONES SELECT DIV I	ETF	464287168	1,512	20,777	SH		SOLE		20,777	0	0
ISHARES FTSE NAREIT MORTGAGE I	ETF	464288539	1,607	161,720	SH		SOLE		161,720	0	0
ISHARES NASDAQ BIOTECHNOLOGY	ETF	464287556	6,716	22,142	SH		SOLE		22,142	0	0
ISHARES RUS 2000 GRW ETF	ETF	464287648	5,976	44,607	SH		SOLE		44,607	0	0
ISHARES S&P 500 INDEX FUND	ETF	464287200	910	4,723	SH		SOLE		4,723	0	0
ISHARES TR RUSSELL 1000 GROWTH	ETF	464287614	408	4,391	SH		SOLE		4,391	0	0
MSCI EAFE INDEX RUSSELL1000VAL	ETF	464287598	341	3,656	SH		SOLE		3,656	0	0
POWERSHARES ETF DYNAMIC PHARMA	ETF	73935X799	5,887	88,720	SH		SOLE		88,720	0	0
POWERSHARES NASDAQ 100 SERIES	ETF	73935A104	9,773	96,040	SH		SOLE		96,040	0	0
YORKVILLE HIGH INCOME MLP	ETF	301505103	182	26,398	SH		SOLE		26,398	0	0
DOLPHIN CAPITAL INVESTORS	ETF	00B06GJ37	1,351	5,951,241	SH		SOLE		5,951,241	0	0
ISHARES EUROPE	ETF	464287861	1,956	49,144	SH		SOLE		49,144	0	0
ISHARES INTERNATIONAL DIVIDEND	ETF	464288448	1,366	48,573	SH		SOLE		48,573	0	0
POWERSHARES SHORT MSCI EMERGIN	ETF	74347r396	3,040	101,740	SH		SOLE		101,740	0	0
VANGUARD FTSE EUROPE ETF	ETF	922042874	2,550	51,854	SH		SOLE		51,854	0	0
WISDOMTREE TR INTL DIVID EX	ETF	97717w786	1,294	33,945	SH		SOLE		33,945	0	0
ALLIANCE BERNSTEIN INCOME FD	ETF	01881E101	2,052	261,009	SH		SOLE		261,009	0	0
ELLINGTON FINANCIAL	ETF	288522303	2,150	120,250	SH		SOLE		120,250	0	0
ZWEIG TOTAL RETURN FUND	ETF	989837208	763	66,798	SH		SOLE		66,798	0	0
SOUTHWESTERN ENERGY CONV PFD	PFRD	845467208	1,185	38,113	SH		SOLE		38,113	0	0
ABERDEEN ASIA-PACIFIC PRIME IN	ETF	003009107	1,953	433,945	SH		SOLE		433,945	0	0
PIMCO DYNAMIC CREDIT INCOME	ETF	72202d106	1,159	63,439	SH		SOLE		63,439	0	0
PIMCO DYNAMIC INCOME FUND	ETF	72201y101	619	21,496	SH		SOLE		21,496	0	0
ISHARES BARCLAYS AGGREGATE BON	ETF	464287226	1,859	16,965	SH		SOLE		16,965	0	0
ISHARES TIPS BOND FUND	ETF	464287176	1,179	10,652	SH		SOLE		10,652	0	0