Summit Trail Advisors 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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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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
Alibaba GRP SHS ADR	Equity	01609W102	316	1,887	SH		SOLE		1,887	0	0
Alphabet Inc Cap STK	Equity	02079K305	5,190	4,250	SH		SOLE		4,250	0	0
Alphabet Inc Cap STK CL C	Equity	02079K107	4,814	3,949	SH		SOLE		3,949	0	0
Altria Group Inc Com	Equity	02209S103	377	9,034	SH		SOLE		9,034	0	0
Amazon Com Inc	Equity	023135106	6,239	3,594	SH		SOLE		3,594	0	0
American Electric Power Co	Equity	025537101	232	2,472	SH		SOLE		2,472	0	0
Apple Inc Com	Equity	037833100	7,065	31,544	SH		SOLE		31,544	0	0
AT&T Inc Com	Equity	00206R102	643	16,993	SH		SOLE		16,993	0	0
Bank Amer Corp Com	Equity	060505104	718	24,604	SH		SOLE		24,604	0	0
Berkshire Hathaway Inc Del CL B New	Equity	084670702	1,880	9,037	SH		SOLE		9,037	0	0
Berkshire Hathaway Inc-Del	Equity	084670108	312	1	SH		SOLE		1	0	0
Boeing Co Com	Equity	097023105	1,859	4,885	SH		SOLE		4,885	0	0
Brighthouse Financial, Inc. CMN	Equity	10922N103	567	14,000	SH		SOLE		14,000	0	0
Caladrius Biosciences Inc Com New	Equity	128058203	46	17,730	SH		SOLE		17,730	0	0
Chevron Corp New Com	Equity	166764100	221	1,865	SH		SOLE		1,865	0	0
Connectone Bancorp Inc New Com	Equity	20786W107	222	10,000	SH		SOLE		10,000	0	0
Davita Healthcare Partners Inc	Equity	23918K108	376	6,595	SH		SOLE		6,595	0	0
Docusign Inc	Equity	256163106	1,523	24,598	SH		SOLE		24,598	0	0
Ehealth Inc Com	Equity	28238P109	2,581	38,637	SH		SOLE		38,637	0	0
Energy Transfer Equity LP Com Units Repstg LTD Partnership Int	Equity	29273V100	331	25,341	SH		SOLE		25,341	0	0
Enterprise Prods Partners L P Com Unit	Equity	293792107	307	10,753	SH		SOLE		10,753	0	0
Exchange Traded Note - Atlantic Trust Select MLP (ATMP)	ETF	06742C723	7,331	399,318	SH		SOLE		399,318	0	0
Expeditors Intl Wash Inc	Equity	302130109	29,717	400,009	SH		SOLE		400,009	0	0
Facebook Inc CL A	Equity	30303M102	1,061	5,960	SH		SOLE		5,960	0	0
Fidus Invt Corp Com	Equity	316500107	673	45,388	SH		SOLE		45,388	0	0
First Midwest Bancorp Inc Del Com	Equity	320867104	389	19,810	SH		SOLE		19,810	0	0
Fiserv Inc Com	Equity	337738108	406	3,923	SH		SOLE		3,923	0	0
Greenlight Capital Re LTD CL A	Equity	G4095J109	3,798	361,674	SH		SOLE		361,674	0	0
Honeywell Intl Inc Com	Equity	438516106	226	1,334	SH		SOLE		1,334	0	0
Howard Hughes Corp	Equity	44267D107	266	2,052	SH		SOLE		2,052	0	0
Iaa Inc Com	Equity	449253103	5,084	121,820	SH		SOLE		121,820	0	0
Intel Corp Com	Equity	458140100	435	8,444	SH		SOLE		8,444	0	0
Intrexon Corp Com	Equity	46122T102	94	16,502	SH		SOLE		16,502	0	0
Invesco Dynamic Software ETF	ETF	46137V639	873	9,377	SH		SOLE		9,377	0	0
iShares Core S&P 500	ETF	464287200	31,266	104,738	SH		SOLE		104,738	0	0
iShares Core S&P Mid Cap	ETF	464287507	1,151	5,958	SH		SOLE		5,958	0	0
iShares Core U S Aggregate BD ETF (AGG)	ETF	464287226	4,753	41,999	SH		SOLE		41,999	0	0
iShares Inc Core MSCI Emerging Mkts ETF	ETF	46434G103	314	6,409	SH		SOLE		6,409	0	0
iShares MSCI EAFE ETF (EFA)	ETF	464287465	3,213	49,278	SH		SOLE		49,278	0	0
iShares MSCI India ETF (INDA)	ETF	46429B598	4,458	132,802	SH		SOLE		132,802	0	0
iShares TR Core MSCI EAFE ETF	ETF	46432F842	427	7,000	SH		SOLE		7,000	0	0
iShares TR iBoxx Usd Invt Grade Corp BD ETF	ETF	464287242	486	3,810	SH		SOLE		3,810	0	0
iShares TR Intl Dev	ETF	464288489	237	8,000	SH		SOLE		8,000	0	0
iShares TR MSCI Acwi ETF	ETF	464288257	794	10,765	SH		SOLE		10,765	0	0
iShares TR MSCI USA Minimum Volatility ETF	ETF	46429B697	1,919	29,942	SH		SOLE		29,942	0	0
iShares TR Russell 1000 Growth Index FD (IWF)	ETF	464287614	523	3,275	SH		SOLE		3,275	0	0
iShares TR Russell 1000 Value ETF	ETF	464287598	749	5,840	SH		SOLE		5,840	0	0
iShares TR Russell 2000 Index ETF (IWM)	ETF	464287655	6,147	40,618	SH		SOLE		40,618	0	0
iShares TR S&P Midcap 400 Growth ETF	ETF	464287606	1,410	6,300	SH		SOLE		6,300	0	0
iShares TR S&P U S PFD STK Index FD	ETF	464288687	201	5,325	SH		SOLE		5,325	0	0
iShares TR Select Divid ETF FD	ETF	464287168	6,581	64,548	SH		SOLE		64,548	0	0
JD Com Inc Spons ADR Repstg Com CL A	Equity	47215P106	298	10,566	SH		SOLE		10,566	0	0
JP Morgan Chase & Co Com	Equity	46625H100	1,323	11,237	SH		SOLE		11,237	0	0
Kar Auction SVCS Inc Com	Equity	48238T109	302	12,200	SH		SOLE		12,200	0	0
Kodiak Sciences Inc	Equity	50015M109	259	18,000	SH		SOLE		18,000	0	0
Liveramp Holdings Inc CMN	Equity	53815P108	269	6,266	SH		SOLE		6,266	0	0
Lockheed Martin Corp Com	Equity	539830109	352	901	SH		SOLE		901	0	0
Merck & Co Inc New Com	Equity	58933Y105	435	5,135	SH		SOLE		5,135	0	0
Microsoft Corp Com	Equity	594918104	1,914	13,766	SH		SOLE		13,766	0	0
Mimecast Limited	Equity	G14838109	1,041	29,190	SH		SOLE		29,190	0	0
Monotype Imaging HLDGS Inc Com	EQUITY	61022P100	1,699	85,775	SH		SOLE		85,775	0	0
Pepsico Inc Com	Equity	713448108	424	3,096	SH		SOLE		3,096	0	0
Pfizer Inc Com	Equity	717081103	679	18,891	SH		SOLE		18,891	0	0
Philip Morris Intl Inc Com	Equity	718172109	488	6,331	SH		SOLE		6,331	0	0
Procter & Gamble Co Com	Equity	742718109	223	1,794	SH		SOLE		1,794	0	0
Realogy HLDGS Corp Com	Equity	75605Y106	153	22,841	SH		SOLE		22,841	0	0
Salesforce.Com Inc Com Stock	Equity	79466L302	1,751	11,796	SH		SOLE		11,796	0	0
Select Sector SPDR TR Financial	ETF	81369Y605	274	9,775	SH		SOLE		9,775	0	0
Sequential BRNDS	Equity	81734P107	22	97,087	SH		SOLE		97,087	0	0
Servicesource Intl Inc Com	Equity	81763U100	36	41,372	SH		SOLE		41,372	0	0
Southern Co Com	Equity	842587107	363	5,872	SH		SOLE		5,872	0	0
SPDR Gold TR Gold SHS	ETF	78463V107	256	1,847	SH		SOLE		1,847	0	0
SPDR S&P 500 ETF (SPY)	ETF	78462F103	16,910	56,719	SH		SOLE		56,719	0	0
SPDR S&P Midcap 400 ETF	ETF	78467Y107	328	927	SH		SOLE		927	0	0
Tenable HLDGS Inc	Equity	88025T102	3,818	170,597	SH		SOLE		170,597	0	0
Transdigm Group Inc Com	Equity	893641100	254	488	SH		SOLE		488	0	0
Trinet Group Inc Com	Equity	896288107	435	7,002	SH		SOLE		7,002	0	0
Twilio Inc CL A	Equity	90138F102	221	2,009	SH		SOLE		2,009	0	0
Unity Biotechnology Inc Com	Equity	91381U101	82	13,458	SH		SOLE		13,458	0	0
Vanguard BD Index FD Inc Short Term BD ETF (BSV)	ETF	921937827	496	6,139	SH		SOLE		6,139	0	0
Vanguard Index FDS S&P 500 ETF (VOO)	ETF	922908363	79,040	288,574	SH		SOLE		288,574	0	0
Vanguard Index FDS Vanguard REIT ETF (VNQ)	ETF	922908553	690	7,399	SH		SOLE		7,399	0	0
Vanguard Index FDS Vanguard Total STK MKT ETF	ETF	922908769	701	4,642	SH		SOLE		4,642	0	0
Vanguard Intl Equity Index FDS Total World Stk Index (VT)	ETF	922042742	461	6,165	SH		SOLE		6,165	0	0
Vanguard Intl Equity Index FTSE Emerging ETF (VWO)	ETF	922042858	11,472	284,945	SH		SOLE		284,945	0	0
Vanguard Whitehall FDS High Dividend Yield ETF SHS	ETF	921946406	440	4,954	SH		SOLE		4,954	0	0
Varonis SYS Inc Com	Equity	922280102	1,329	22,238	SH		SOLE		22,238	0	0
Verizon Communications Com	Equity	92343V104	616	10,198	SH		SOLE		10,198	0	0
Virtu Finl Inc CL A	Equity	928254101	180	11,000	SH		SOLE		11,000	0	0
Visa Inc Com CL A	Equity	92826C839	244	1,418	SH		SOLE		1,418	0	0
Western Midstream Partners LP CMN	Equity	958669103	223	8,954	SH		SOLE		8,954	0	0