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
Estimated average burden
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
ABERDEEN STD SILVER ETF TR	Equity	003264958	524	22,183	SH		SOLE		22,183	0	0
ADVANCED MICRO DEVICES INC	Equity	007903957	234	2,976	SH		SOLE		2,976	0	0
ALASKA AIR GROUP INC	Equity	011659959	320	4,626	SH		SOLE		4,626	0	0
AMAZON COM INC	Equity	023135956	13,718	4,434	SH		SOLE		4,434	0	0
AMGEN INC	Equity	031162950	323	1,298	SH		SOLE		1,298	0	0
APPLE INC	Equity	037833950	17,985	147,239	SH		SOLE		147,239	0	0
BK OF AMERICA CORP	Equity	060505954	1,140	29,472	SH		SOLE		29,472	0	0
BERKSHIRE HATHAWAY INC DEL	Equity	084670952	2,750	10,766	SH		SOLE		10,766	0	0
BERKSHIRE HATHAWAY INC DEL	Equity	084670952	386	1	SH		SOLE		1	0	0
BLACKROCK CAP INVT CORP	Equity	092533958	97	27,982	SH		SOLE		27,982	0	0
CVS HEALTH CORP	Equity	126650100	276	3,673	SH		SOLE		3,673	0	0
CALADRIUS BIOSCIENCES INC	Equity	128058203	34	17,730	SH		SOLE		17,730	0	0
CHEVRON CORP NEW	Equity	166764100	263	2,507	SH		SOLE		2,507	0	0
CITIGROUP INC	Equity	172967424	442	6,069	SH		SOLE		6,069	0	0
DANAHER CORPORATION	Equity	235851102	362	1,607	SH		SOLE		1,607	0	0
DANIMER SCIENTIFIC INC	Equity	236272100	321	8,500	SH		SOLE		8,500	0	0
DISNEY WALT CO	Equity	254687106	1,042	5,648	SH		SOLE		5,648	0	0
DOCUSIGN INC	Equity	256163106	21,191	104,674	SH		SOLE		104,674	0	0
DUCK CREEK TECHNOLOGIES INC	Equity	264120106	8,783	194,564	SH		SOLE		194,564	0	0
EASTMAN KODAK CO	Equity	277461406	160	20,340	SH		SOLE		20,340	0	0
EMERSON ELEC CO	Equity	291011104	267	2,954	SH		SOLE		2,954	0	0
ENTERPRISE PRODS PARTNERS L	Equity	293792107	250	11,369	SH		SOLE		11,369	0	0
EXPEDITORS INTL WASH INC	Equity	302130109	38,928	361,482	SH		SOLE		361,482	0	0
FIDUS INVT CORP	Equity	316500107	350	22,502	SH		SOLE		22,502	0	0
FIRST MIDWEST BANCORP DEL	Equity	320867104	437	19,810	SH		SOLE		19,810	0	0
GILEAD SCIENCES INC	Equity	375558103	207	3,200	SH		SOLE		3,200	0	0
GRAFTECH INTL LTD	Equity	384313508	674	55,143	SH		SOLE		55,143	0	0
GREEN BRICK PARTNERS INC	Equity	392709101	687	30,270	SH		SOLE		30,270	0	0
HIREQUEST INC	Equity	433535101	1,080	62,586	SH		SOLE		62,586	0	0
HOME DEPOT INC	Equity	437076102	248	812	SH		SOLE		812	0	0
HONEYWELL INTL INC	Equity	438516106	300	1,381	SH		SOLE		1,381	0	0
INTEL CORP	Equity	458140100	610	9,524	SH		SOLE		9,524	0	0
ISHARES GOLD TR	Equity	464285105	31,053	1,909,773	SH		SOLE		1,909,773	0	0
ISHARES INC	Equity	464286426	4,724	52,070	SH		SOLE		52,070	0	0
ISHARES TR	Equity	464287168	4,746	41,598	SH		SOLE		41,598	0	0
ISHARES TR	Equity	464287200	50,728	127,515	SH		SOLE		127,515	0	0
ISHARES TR	Equity	464287226	15,524	136,379	SH		SOLE		136,379	0	0
ISHARES TR	Equity	464287309	2,638	40,516	SH		SOLE		40,516	0	0
ISHARES TR	Equity	464287465	823	10,852	SH		SOLE		10,852	0	0
ISHARES TR	Equity	464287507	2,324	8,929	SH		SOLE		8,929	0	0
ISHARES TR	Equity	464287515	29,038	85,051	SH		SOLE		85,051	0	0
ISHARES TR	Equity	464287598	558	3,681	SH		SOLE		3,681	0	0
ISHARES TR	Equity	464287606	1,791	22,856	SH		SOLE		22,856	0	0
ISHARES TR	Equity	464287614	2,070	8,516	SH		SOLE		8,516	0	0
ISHARES TR	Equity	464287648	729	2,424	SH		SOLE		2,424	0	0
ISHARES TR	Equity	464287655	9,181	41,554	SH		SOLE		41,554	0	0
ISHARES TR	Equity	464287804	935	8,617	SH		SOLE		8,617	0	0
ISHARES TR	Equity	464288257	1,225	12,871	SH		SOLE		12,871	0	0
ISHARES TR	Equity	464288687	356	9,280	SH		SOLE		9,280	0	0
ISHARES TR	Equity	464288851	677	13,909	SH		SOLE		13,909	0	0
ISHARES TR	Equity	464289438	1,288	9,576	SH		SOLE		9,576	0	0
ISHARES TR	Equity	464289859	201	3,000	SH		SOLE		3,000	0	0
JOHNSON & JOHNSON	Equity	478160104	614	3,737	SH		SOLE		3,737	0	0
LOCKHEED MARTIN CORP	Equity	539830109	686	1,857	SH		SOLE		1,857	0	0
LOWES COS INC	Equity	548661107	285	1,499	SH		SOLE		1,499	0	0
MICROSOFT CORP	Equity	594918104	5,607	23,780	SH		SOLE		23,780	0	0
MONDELEZ INTL INC	Equity	609207105	205	3,482	SH		SOLE		3,482	0	0
MORGAN STANLEY	Equity	617446448	347	4,474	SH		SOLE		4,474	0	0
NIKE INC	Equity	654106103	263	1,975	SH		SOLE		1,975	0	0
NOKIA CORP	Equity	654902204	44	11,000	SH		SOLE		11,000	0	0
NUVEEN AMT FREE QLTY MUN INC	Equity	670657105	2,003	134,612	SH		SOLE		134,612	0	0
OKTA INC	Equity	679295105	8,789	39,874	SH		SOLE		39,874	0	0
PEPSICO INC	Equity	713448108	429	3,031	SH		SOLE		3,031	0	0
PFIZER INC	Equity	717081103	857	23,653	SH		SOLE		23,653	0	0
PHILIP MORRIS INTL INC	Equity	718172109	381	4,232	SH		SOLE		4,232	0	0
PROCTER AND GAMBLE CO	Equity	742718109	533	3,936	SH		SOLE		3,936	0	0
QUALTRICS INTL INC	Equity	747601201	244	7,400	SH		SOLE		7,400	0	0
SNOWFLAKE INC	Equity	833445109	58,287	254,216	SH		SOLE		254,216	0	0
SOUTHERN CO	Equity	842587107	350	5,636	SH		SOLE		5,636	0	0
STEEL CONNECT INC	Equity	858098106	224	113,165	SH		SOLE		113,165	0	0
TAIWAN SEMICONDUCTOR MFG LTD	Equity	874039100	278	2,344	SH		SOLE		2,344	0	0
THERMO FISHER SCIENTIFIC INC	Equity	883556102	451	987	SH		SOLE		987	0	0
TRANSDIGM GROUP INC	Equity	893641100	300	511	SH		SOLE		511	0	0
TRINET GROUP INC	Equity	896288107	495	6,354	SH		SOLE		6,354	0	0
TRUPANION INC	Equity	898202106	305	4,000	SH		SOLE		4,000	0	0
VANGUARD ADMIRAL FDS INC	Equity	921932505	368	1,568	SH		SOLE		1,568	0	0
VANGUARD TAX-MANAGED INTL FD	Equity	921943858	1,504	30,622	SH		SOLE		30,622	0	0
VANGUARD WHITEHALL FDS	Equity	921946406	251	2,483	SH		SOLE		2,483	0	0
VANGUARD INTL EQUITY INDEX F	Equity	922042742	1,380	14,188	SH		SOLE		14,188	0	0
VANGUARD INTL EQUITY INDEX F	Equity	922042775	352	5,798	SH		SOLE		5,798	0	0
VANGUARD INTL EQUITY INDEX F	Equity	922042858	48,085	923,820	SH		SOLE		923,820	0	0
VARONIS SYS INC	Equity	922280102	2,361	45,994	SH		SOLE		45,994	0	0
VANGUARD INDEX FDS	Equity	922908363	197,849	543,093	SH		SOLE		543,093	0	0
VANGUARD INDEX FDS	Equity	922908512	550	4,079	SH		SOLE		4,079	0	0
VANGUARD INDEX FDS	Equity	922908553	851	9,268	SH		SOLE		9,268	0	0
VANGUARD INDEX FDS	Equity	922908595	1,436	5,228	SH		SOLE		5,228	0	0
VANGUARD INDEX FDS	Equity	922908611	566	3,420	SH		SOLE		3,420	0	0
VANGUARD INDEX FDS	Equity	922908629	382	1,725	SH		SOLE		1,725	0	0
VANGUARD INDEX FDS	Equity	922908637	251	1,357	SH		SOLE		1,357	0	0
VANGUARD INDEX FDS	Equity	922908744	8,442	64,218	SH		SOLE		64,218	0	0
VANGUARD INDEX FDS	Equity	922908751	253	1,184	SH		SOLE		1,184	0	0
VANGUARD INDEX FDS	Equity	922908769	1,187	5,741	SH		SOLE		5,741	0	0
WELLS FARGO CO NEW	Equity	949746101	274	7,011	SH		SOLE		7,011	0	0
AT&T INC	Equity	00206R102	442	14,617	SH		SOLE		14,617	0	0
ADOBE SYSTEMS INCORPORATED	Equity	00724F101	436	917	SH		SOLE		917	0	0
ALIBABA GROUP HLDG LTD	Equity	01609W102	582	2,566	SH		SOLE		2,566	0	0
ALPHABET INC	Equity	02079K107	17,868	8,638	SH		SOLE		8,638	0	0
ALPHABET INC	Equity	02079K305	14,457	7,010	SH		SOLE		7,010	0	0
ALTRIA GROUP INC	Equity	02209S103	342	6,583	SH		SOLE		6,583	0	0
BANKWELL FINL GROUP INC	Equity	06654A103	2,371	87,970	SH		SOLE		87,970	0	0
BLACKROCK INCOME TR INC	Equity	09247F100	104	17,100	SH		SOLE		17,100	0	0
BLACKROCK INC	Equity	09247X101	329	436	SH		SOLE		436	0	0
BLACKROCK MUN INCOME TR	Equity	09248F109	1,491	99,030	SH		SOLE		99,030	0	0
BLACKROCK MUNIENHANCED FD IN	Equity	09253Y100	1,140	96,077	SH		SOLE		96,077	0	0
BLACKROCK MUNIHLDS INVSTM QL	Equity	09254P108	1,206	84,087	SH		SOLE		84,087	0	0
BLACKROCK MUN TARGET TERM TR	Equity	09257P105	1,173	46,034	SH		SOLE		46,034	0	0
BLACKSTONE GROUP INC	Equity	09260D107	914	12,257	SH		SOLE		12,257	0	0
BRIGHTHOUSE FINL INC	Equity	10922N103	620	14,000	SH		SOLE		14,000	0	0
BROADCOM INC	Equity	11135F101	30,254	65,250	SH		SOLE		65,250	0	0
CAPITOL INVESTMENT CORP V	Equity	14064F209	5,245	500,000	SH		SOLE		500,000	0	0
CENTENNIAL RESOURCE DEV INC	Equity	15136A102	63	15,000	SH		SOLE		15,000	0	0
CISCO SYS INC	Equity	17275R102	396	7,660	SH		SOLE		7,660	0	0
CLEAR CHANNEL OUTDOOR HLDGS	Equity	18453H106	1,800	1,000,000	SH		SOLE		1,000,000	0	0
CROWDSTRIKE HLDGS INC	Equity	22788C105	5,891	32,277	SH		SOLE		32,277	0	0
DAVITA INC	Equity	23918K108	2,304	21,375	SH		SOLE		21,375	0	0
DOORDASH INC	Equity	25809K105	4,548	34,680	SH		SOLE		34,680	0	0
EATON VANCE MUNI INCOME TRUS	Equity	27826U108	1,539	111,788	SH		SOLE		111,788	0	0
EATON VANCE MUN BD FD	Equity	27827X101	1,611	121,104	SH		SOLE		121,104	0	0
EHEALTH INC	Equity	28238P109	2,316	31,845	SH		SOLE		31,845	0	0
ENERGY TRANSFER LP	Equity	29273V100	86	11,134	SH		SOLE		11,134	0	0
FACEBOOK INC	Equity	30303M102	4,540	15,414	SH		SOLE		15,414	0	0
FORTRESS TRANS INFRST INVS L	Equity	34960P101	564	20,000	SH		SOLE		20,000	0	0
GOLDMAN SACHS GROUP INC	Equity	38141G104	875	2,675	SH		SOLE		2,675	0	0
GRANITESHARES ETF TR	Equity	38747R603	8,914	242,038	SH		SOLE		242,038	0	0
HOWARD HUGHES CORP	Equity	44267D107	289	3,035	SH		SOLE		3,035	0	0
IMV INC	Equity	44974L103	36	11,000	SH		SOLE		11,000	0	0
INTUITIVE SURGICAL INC	Equity	46120E602	225	305	SH		SOLE		305	0	0
INVESCO EXCHANGE TRADED FD T	Equity	46137V357	405	2,858	SH		SOLE		2,858	0	0
INVESCO EXCHANGE TRADED FD T	Equity	46137V647	566	4,700	SH		SOLE		4,700	0	0
ISHARES TR	Equity	46429B598	2,111	50,048	SH		SOLE		50,048	0	0
ISHARES TR	Equity	46429B671	535	6,554	SH		SOLE		6,554	0	0
ISHARES TR	Equity	46429B697	1,740	25,155	SH		SOLE		25,155	0	0
ISHARES INC	Equity	46434G103	343	5,322	SH		SOLE		5,322	0	0
JPMORGAN CHASE & CO	Equity	46625H100	2,093	13,751	SH		SOLE		13,751	0	0
JD.COM INC	Equity	47215P106	12,271	145,515	SH		SOLE		145,515	0	0
KAR AUCTION SVCS INC	Equity	48238T109	675	45,000	SH		SOLE		45,000	0	0
KODIAK SCIENCES INC	Equity	50015M109	12,216	107,737	SH		SOLE		107,737	0	0
LIVE OAK BANCSHARES INC	Equity	53803X105	1,455	21,250	SH		SOLE		21,250	0	0
MASTERCARD INCORPORATED	Equity	57636Q104	843	2,369	SH		SOLE		2,369	0	0
MERCK & CO. INC	Equity	58933Y105	465	5,985	SH		SOLE		5,985	0	0
NCINO INC	Equity	63947U107	764	11,454	SH		SOLE		11,454	0	0
NEUBERGER BERMAN MLP & ENERG	Equity	64129H104	61	14,471	SH		SOLE		14,471	0	0
NEW PROVIDENCE ACQUISITION	Equity	64822P106	117	10,000	SH		SOLE		10,000	0	0
NEW RESIDENTIAL INVT CORP	Equity	64828T201	504	44,767	SH		SOLE		44,767	0	0
NVIDIA CORPORATION	Equity	67066G104	1,379	2,582	SH		SOLE		2,582	0	0
NUVEEN MUNICIPAL CREDIT INC	Equity	67070X101	2,936	180,928	SH		SOLE		180,928	0	0
NUVEEN AMT FREE MUN CR INC F	Equity	67071L106	2,945	173,576	SH		SOLE		173,576	0	0
PALANTIR TECHNOLOGIES INC	Equity	69608A108	13,256	569,180	SH		SOLE		569,180	0	0
PAYPAL HLDGS INC	Equity	70450Y103	272	1,122	SH		SOLE		1,122	0	0
PELOTON INTERACTIVE INC	Equity	70614W100	11,987	106,610	SH		SOLE		106,610	0	0
PIMCO MUN INCOME FD II	Equity	72200W106	2,971	198,904	SH		SOLE		198,904	0	0
PIMCO MUN INCOME FD III	Equity	72201A103	1,084	87,556	SH		SOLE		87,556	0	0
PRECIGEN INC	Equity	74017N105	215	31,191	SH		SOLE		31,191	0	0
PROSHARES TR	Equity	74348A210	948	43,000	SH		SOLE		43,000	0	0
SBA COMMUNICATIONS CORP NEW	Equity	78410G104	1,204	4,337	SH		SOLE		4,337	0	0
SPDR S&P 500 ETF TR	Equity	78462F103	22,974	57,780	SH		SOLE		57,780	0	0
SPDR GOLD TR	Equity	78463V107	2,262	14,138	SH		SOLE		14,138	0	0
SPDR SER TR	Equity	78464A763	1,011	8,566	SH		SOLE		8,566	0	0
SPDR S&P MIDCAP 400 ETF TR	Equity	78467Y107	1,038	2,176	SH		SOLE		2,176	0	0
SPDR SER TR	Equity	78468R556	549	6,750	SH		SOLE		6,750	0	0
SALESFORCE COM INC	Equity	79466L302	3,406	16,074	SH		SOLE		16,074	0	0
SELECT SECTOR SPDR TR	Equity	81369Y308	15,238	223,065	SH		SOLE		223,065	0	0
SELECT SECTOR SPDR TR	Equity	81369Y886	6,134	95,778	SH		SOLE		95,778	0	0
SERVICENOW INC	Equity	81762P102	1,452	2,904	SH		SOLE		2,904	0	0
SHOPIFY INC	Equity	82509L107	559	505	SH		SOLE		505	0	0
SMARTSHEET INC	Equity	83200N103	802	12,554	SH		SOLE		12,554	0	0
SNAP INC	Equity	83304A106	2,613	49,966	SH		SOLE		49,966	0	0
SORRENTO THERAPEUTICS INC	Equity	83587F202	99	12,000	SH		SOLE		12,000	0	0
SPROTT PHYSICAL GOLD & SILVE	Equity	85208R101	261	15,000	SH		SOLE		15,000	0	0
TELADOC HEALTH INC	Equity	87918A105	397	2,186	SH		SOLE		2,186	0	0
TENABLE HLDGS INC	Equity	88025T102	8,324	230,028	SH		SOLE		230,028	0	0
TESLA INC	Equity	88160R101	2,532	3,791	SH		SOLE		3,791	0	0
TWILIO INC	Equity	90138F102	290	852	SH		SOLE		852	0	0
TWITTER INC	Equity	90184L102	556	8,732	SH		SOLE		8,732	0	0
UBER TECHNOLOGIES INC	Equity	90353T100	6,082	111,578	SH		SOLE		111,578	0	0
UNITED STS OIL FD LP	Equity	91232N207	1,062	26,212	SH		SOLE		26,212	0	0
UNITEDHEALTH GROUP INC	Equity	91324P102	317	852	SH		SOLE		852	0	0
UNITY BIOTECHNOLOGY INC	Equity	91381U101	81	13,458	SH		SOLE		13,458	0	0
VANECK VECTORS ETF TR	Equity	92189F676	414	1,700	SH		SOLE		1,700	0	0
VANGUARD WORLD FDS	Equity	92204A504	937	4,095	SH		SOLE		4,095	0	0
VANGUARD WORLD FDS	Equity	92204A702	2,470	6,889	SH		SOLE		6,889	0	0
VERIZON COMMUNICATIONS INC	Equity	92343V104	528	9,082	SH		SOLE		9,082	0	0
VISA INC	Equity	92826C839	1,230	5,808	SH		SOLE		5,808	0	0
WISDOMTREE TR	Equity	97717X669	1,093	19,113	SH		SOLE		19,113	0	0
YEXT INC	Equity	98585N106	1,692	116,831	SH		SOLE		116,831	0	0
ZOOM VIDEO COMMUNICATIONS IN	Equity	98980L101	275	857	SH		SOLE		857	0	0
ATLASSIAN CORP PLC	Equity	G06242104	456	2,165	SH		SOLE		2,165	0	0
ATHENE HOLDING LTD	Equity	G0684D107	3,822	75,832	SH		SOLE		75,832	0	0
MIMECAST LTD	Equity	G14838109	13,971	347,443	SH		SOLE		347,443	0	0
GREENLIGHT CAPITAL RE LTD	Equity	G4095J109	3,563	409,484	SH		SOLE		409,484	0	0
PLUM ACQUISITION CORP I	Equity	G7134L100	995	100,000	SH		SOLE		100,000	0	0
TRANE TECHNOLOGIES PLC	Equity	G8994E103	515	3,112	SH		SOLE		3,112	0	0
SPOTIFY TECHNOLOGY S A	Equity	L8681T102	557	2,080	SH		SOLE		2,080	0	0
JFROG LTD	Equity	M6191J100	2,065	46,538	SH		SOLE		46,538	0	0