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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hours per response:		23.8

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
Adobe SYS Inc Com	Equity	00724F101	227	714	SH		SOLE		714	0	0
Alibaba GRP SHS ADR	Equity	01609W102	409	2,104	SH		SOLE		2,104	0	0
Alphabet Inc Cap STK	Equity	02079K305	4,910	4,226	SH		SOLE		4,226	0	0
Alphabet Inc Cap STK CL C	Equity	02079K107	4,776	4,107	SH		SOLE		4,107	0	0
Altria Group Inc Com	Equity	02209S103	360	9,120	SH		SOLE		9,120	0	0
AT&T Inc Com	Equity	00206R102	504	17,302	SH		SOLE		17,302	0	0
Bankwell Finl Group Inc Com	Equity	06654A103	1,370	89,770	SH		SOLE		89,770	0	0
Barclays PLC ADR	Equity	06738E204	226	49,919	SH		SOLE		49,919	0	0
BlackRock Inc Com	Equity	09247X101	288	654	SH		SOLE		654	0	0
Blackrock Muniholdings New York Qulty Fd	Equity	09255C106	126	10,000	SH		SOLE		10,000	0	0
BlackRock Muniyield N Y Quality FD Inc Com	Equity	09255E102	122	10,000	SH		SOLE		10,000	0	0
Blackstone Group Inc CL A	Equity	09260D107	243	5,339	SH		SOLE		5,339	0	0
Brighthouse Financial, Inc. CMN	Equity	10922N103	341	14,098	SH		SOLE		14,098	0	0
Caladrius Biosciences Inc Com New	Equity	128058203	32	17,730	SH		SOLE		17,730	0	0
Chevron Corp New Com	Equity	166764100	449	6,197	SH		SOLE		6,197	0	0
CIBC Energy Infrastructure	Equity	293792107	267	18,688	SH		SOLE		18,688	0	0
CIBC Energy Infrastructure	Equity	29273V100	179	38,978	SH		SOLE		38,978	0	0
Cisco Systems Inc	Equity	17275R102	299	7,608	SH		SOLE		7,608	0	0
Citigroup Global MKTS HLDGS Inc Velocityshares 3X Long Crude Oil ETN Exp	Equity	17325E291	3	17,634	SH		SOLE		17,634	0	0
Clear Channel Outdoor HLDGS Inc New Com	Equity	18453H106	500	781,250	SH		SOLE		781,250	0	0
Davita Healthcare Partners Inc	Equity	23918K108	1,488	19,559	SH		SOLE		19,559	0	0
Disney Walt Co Disney Com	Equity	254687106	615	6,369	SH		SOLE		6,369	0	0
Duke Energy Corp New Com New	Equity	26441C204	535	6,610	SH		SOLE		6,610	0	0
Ehealth Inc Com	Equity	28238P109	5,441	38,637	SH		SOLE		38,637	0	0
Exchange Traded Note - Atlantic Trust Select MLP	Equity	06742C723	4,863	591,665	SH		SOLE		591,665	0	0
Expeditors Intl Wash Inc	Equity	302130109	27,738	415,734	SH		SOLE		415,734	0	0
Facebook Inc CL A	Equity	30303M102	908	5,442	SH		SOLE		5,442	0	0
Fidus Invt Corp Com	Equity	316500107	300	45,388	SH		SOLE		45,388	0	0
First Midwest Bancorp Inc Del Com	Equity	320867104	265	19,810	SH		SOLE		19,810	0	0
Fiserv Inc Com	Equity	337738108	421	4,432	SH		SOLE		4,432	0	0
General Electric Co Com	Equity	369604103	98	12,363	SH		SOLE		12,363	0	0
Goldman Sachs MLP Income Opportunities FD Com SHS	Equity	38147W103	19	16,200	SH		SOLE		16,200	0	0
Graftech Intl LTD Com	Equity	384313508	89	11,000	SH		SOLE		11,000	0	0
Green Brick Partners	Equity	392709101	83	10,270	SH		SOLE		10,270	0	0
Greenlight Capital Re LTD CL A	Equity	G4095J109	2,163	363,524	SH		SOLE		363,524	0	0
Gulfport Energy Corp Com New	Equity	402635304	7	15,000	SH		SOLE		15,000	0	0
Intel Corp Com	Equity	458140100	494	9,134	SH		SOLE		9,134	0	0
Intuitive Surgical Inc Com New	Equity	46120E602	210	425	SH		SOLE		425	0	0
Invesco Dynamic Software ETF	Equity	46137V639	753	8,786	SH		SOLE		8,786	0	0
Invesco QQQ TR Unit Ser 1	Equity	46090E103	1,182	6,199	SH		SOLE		6,199	0	0
iShares Core S&P 500	Equity	464287200	27,331	105,772	SH		SOLE		105,772	0	0
iShares Core S&P Mid Cap	Equity	464287507	695	4,828	SH		SOLE		4,828	0	0
iShares Core U S Aggregate (AGG)	Equity	464287226	9,538	82,677	SH		SOLE		82,677	0	0
iShares Edg MSCI USA Val FCTR ETF	Equity	46432F388	378	6,000	SH		SOLE		6,000	0	0
iShares Gold ETF	Equity	464285105	178	11,797	SH		SOLE		11,797	0	0
iShares MSCI EAFE (EFA)	Equity	464287465	3,061	57,262	SH		SOLE		57,262	0	0
iShares MSCI India (INDA)	Equity	46429B598	1,901	78,855	SH		SOLE		78,855	0	0
iShares Russell 2000 Growth Index	Equity	464287648	708	4,474	SH		SOLE		4,474	0	0
iShares Russell Top 200 Growth ETF	Equity	464289438	754	8,950	SH		SOLE		8,950	0	0
iShares TR Core MSCI EAFE ETF	Equity	46432F842	1,832	36,727	SH		SOLE		36,727	0	0
ISHARES TR MSCI ACWI ETF	Equity	464288257	715	11,434	SH		SOLE		11,434	0	0
iShares TR MSCI EAFE Value ETF	Equity	464288877	282	7,894	SH		SOLE		7,894	0	0
iShares TR MSCI Emerging MKTS Index FD (EEM)	Equity	464287234	228	6,686	SH		SOLE		6,686	0	0
iShares TR Russell 1000 ETF	Equity	464287622	2,886	20,393	SH		SOLE		20,393	0	0
iShares TR Russell 1000 Growth Index FD (IWF)	Equity	464287614	1,541	10,227	SH		SOLE		10,227	0	0
iShares TR Russell 1000 Value ETF	Equity	464287598	691	6,964	SH		SOLE		6,964	0	0
iShares TR Russell 2000 Index (IWM)	Equity	464287655	7,995	69,854	SH		SOLE		69,854	0	0
iShares TR S&P 500 Growth ETF	Equity	464287309	1,331	8,066	SH		SOLE		8,066	0	0
iShares TR S&P Midcap 400 Growth ETF	Equity	464287606	853	4,778	SH		SOLE		4,778	0	0
iShares TR S&P Small-Cap 600 Growth ETF	Equity	464287887	862	6,250	SH		SOLE		6,250	0	0
iShares TR Select Dividend (DVY)	Equity	464287168	1,639	22,284	SH		SOLE		22,284	0	0
iShares TR Short-Term Natl Mun BD ETF FD	Equity	464288158	532	5,000	SH		SOLE		5,000	0	0
Ishars Edg MSCI USA QLTY FCTR ETF	Equity	46432F339	1,270	15,669	SH		SOLE		15,669	0	0
JD Com Inc Spons ADR Repstg Com CL A	Equity	47215P106	5,879	145,168	SH		SOLE		145,168	0	0
Johnson & Johnson Com	Equity	478160104	322	2,455	SH		SOLE		2,455	0	0
JP Morgan Chase & Co Com	Equity	46625H100	1,142	12,679	SH		SOLE		12,679	0	0
Kar Auction SVCS Inc Com	Equity	48238T109	568	46,568	SH		SOLE		46,568	0	0
Kodiak Sciences Inc	Equity	50015M109	859	18,000	SH		SOLE		18,000	0	0
Lockheed Martin Corp Com	Equity	539830109	459	1,354	SH		SOLE		1,354	0	0
Mastercard Inc CL A Com	Equity	57636Q104	633	2,620	SH		SOLE		2,620	0	0
Merck & Co Inc New Com	Equity	58933Y105	480	6,191	SH		SOLE		6,191	0	0
Microsoft Corp Com	Equity	594918104	3,006	19,063	SH		SOLE		19,063	0	0
Mondelez Intl Inc CL A	Equity	609207105	543	10,778	SH		SOLE		10,778	0	0
National Retail PPTYS Inc Com	Equity	637417106	270	8,400	SH		SOLE		8,400	0	0
NB Rachlin-MLPs	Equity	958669103	38	11,733	SH		SOLE		11,733	0	0
Neuberger Berman MLP Income Fund Inc.	Equity	64129H104	27	14,471	SH		SOLE		14,471	0	0
New Residential Invt Corp Com	Equity	64828T201	102	20,446	SH		SOLE		20,446	0	0
Nextera Energy Inc Com	Equity	65339F101	256	1,064	SH		SOLE		1,064	0	0
Nuveen Massachusets	Equity	67061E104	484	35,750	SH		SOLE		35,750	0	0
Nvidia Corp Com	Equity	67066G104	364	1,382	SH		SOLE		1,382	0	0
Okta Inc CL A	Equity	679295105	3,405	27,852	SH		SOLE		27,852	0	0
Peloton Interactive	Equity	70614W100	6,216	234,110	SH		SOLE		234,110	0	0
Pepsico Inc Com	Equity	713448108	459	3,821	SH		SOLE		3,821	0	0
Pfizer Inc Com	Equity	717081103	725	22,225	SH		SOLE		22,225	0	0
Philip Morris Intl Inc Com	Equity	718172109	341	4,597	SH		SOLE		4,597	0	0
Precigen Inc Com	Equity	74017N105	106	31,191	SH		SOLE		31,191	0	0
Procter & Gamble Co Com	Equity	742718109	367	3,339	SH		SOLE		3,339	0	0
Rice Hall James-Small Cap Opportunities	Equity	825690100	1,960	60,959	SH		SOLE		60,959	0	0
Salesforce.Com Inc Com Stock	Equity	79466L302	2,027	14,081	SH		SOLE		14,081	0	0
Sba Communications Corp New CL A	Equity	78410G104	2,303	8,531	SH		SOLE		8,531	0	0
Schwab Short-Term U.S.	Equity	808524862	16,993	328,500	SH		SOLE		328,500	0	0
Select Sector SPDR TR Financial	Equity	81369Y605	204	9,775	SH		SOLE		9,775	0	0
Sequential BRNDS	Equity	81734P107	20	97,087	SH		SOLE		97,087	0	0
Servicenow Inc Com	Equity	81762P102	664	2,317	SH		SOLE		2,317	0	0
Servicesource Intl Inc Com	Equity	81763U100	36	41,372	SH		SOLE		41,372	0	0
Southern Co Com	Equity	842587107	916	16,912	SH		SOLE		16,912	0	0
SPDR Gold TR Gold SHS	Equity	78463V107	1,026	6,932	SH		SOLE		6,932	0	0
SPDR Nuveen Barclays	Equity	78468R739	3,423	70,000	SH		SOLE		70,000	0	0
SPDR S&P 500 (SPY)	Equity	78462F103	18,224	70,331	SH		SOLE		70,331	0	0
SPDR S&P Midcap 400 ETF TR Unit Ser 1 Standard & Poors Dep RCPT	Equity	78467Y107	694	2,628	SH		SOLE		2,628	0	0
SPDR Ser TR S&P Divid ETF	Equity	78464A763	748	9,371	SH		SOLE		9,371	0	0
Sprott Physical Gold & S	Equity	85208R101	219	15,000	SH		SOLE		15,000	0	0
Tenable HLDGS Inc	Equity	88025T102	3,729	170,597	SH		SOLE		170,597	0	0
Thermo Fisher Scientific Inc	Equity	883556102	324	1,143	SH		SOLE		1,143	0	0
Trane Technologies	Equity	G8994E103	246	2,975	SH		SOLE		2,975	0	0
Trinet Group Inc Com	Equity	896288107	239	6,354	SH		SOLE		6,354	0	0
Uber Technologies Inc	Equity	90353T100	4,013	143,726	SH		SOLE		143,726	0	0
Unity Biotechnology Inc Com	Equity	91381U101	78	13,458	SH		SOLE		13,458	0	0
Vanguard Financials Index Fund	Equity	92204A405	279	5,500	SH		SOLE		5,500	0	0
Vanguard Index FDS S&P 500 ETF (VOO)	Equity	922908363	115,159	486,272	SH		SOLE		486,272	0	0
Vanguard Index FDS Vanguard REIT (VNQ)	Equity	922908553	752	10,764	SH		SOLE		10,764	0	0
Vanguard Index FDS Vanguard Total STK MKT ETF	Equity	922908769	604	4,683	SH		SOLE		4,683	0	0
Vanguard Information Technology ETF	Equity	92204A702	1,100	5,189	SH		SOLE		5,189	0	0
Vanguard Intl Equity Index FTSE Emerging (VWO)	Equity	922042858	14,597	435,080	SH		SOLE		435,080	0	0
Vanguard Mid-Cap ETF	Equity	922908629	690	5,240	SH		SOLE		5,240	0	0
Vanguard Tax-Managed Intl FD FTSE Developed MKTS ETF	Equity	921943858	4,093	122,773	SH		SOLE		122,773	0	0
Vanguard Total World Stock ETF (VT)	Equity	922042742	760	12,097	SH		SOLE		12,097	0	0
Vanguard Value ETF (VTV)	Equity	922908744	9,620	108,013	SH		SOLE		108,013	0	0
Vanguard Whitehall FDS High Dividend Yield ETF SHS	Equity	921946406	711	10,054	SH		SOLE		10,054	0	0
Vanguard World FDS Vanguard Health Care ETF	Equity	92204A504	785	4,725	SH		SOLE		4,725	0	0
Vanguard World FDS Vanguard Indls ETF	Equity	92204A603	204	1,850	SH		SOLE		1,850	0	0
Varonis SYS Inc Com	Equity	922280102	1,624	25,503	SH		SOLE		25,503	0	0
Verizon Communications Com	Equity	92343V104	482	8,966	SH		SOLE		8,966	0	0
Virtu Finl Inc CL A	Equity	928254101	229	11,000	SH		SOLE		11,000	0	0
Visa Inc Com CL A	Equity	92826C839	669	4,150	SH		SOLE		4,150	0	0
Wisdomtree Cloud Computing ETF IV	Equity	97717Y691	2,289	95,400	SH		SOLE		95,400	0	0
Wisdomtree Trust India	Equity	97717W422	177	10,900	SH		SOLE		10,900	0	0
Yext Inc	Equity	98585N106	1,199	117,638	SH		SOLE		117,638	0	0