UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended March 31, 2013 Check here if amended: [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] add new holdings entries. Institutional Investment Manager Filing this Report: Name: Summit Capital Management, LLC Address: 600 University Street, Suite 2304 Seattle, WA 98101 Form 13F File Number: 28-7018 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Lisa M. Burke Title: Chief Compliance Officer Phone No.: 206-447-6200 Signature, Place, and Date of Signing: Lisa M. Burke Seattle, Washington May 14, 2013 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 52 Form 13F Information Table Value Total: $235,725,000 List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AMGEN INC EQUITY 031162100 16774 163629 SH SOLE 163629 ANADARKO PETROLEUM CORP. EQUITY 032511107 7128 81515 SH SOLE 81515 APACHE CORP EQUITY 037411105 3017 39100 SH SOLE 39100 BOEING CO COM EQUITY 097023105 7177 83595 SH SOLE 83595 CABLEVISION SYSTEMS CORP CL A EQUITY 12686c109 2400 160450 SH SOLE 160450 COCA COLA ENTERPRISES, INC EQUITY 19122t109 665 18000 SH SOLE 18000 DARA BIOSCIENCES INC EQUITY 23703P205 10 10000 SH SOLE 10000 DETREX CORP EQUITY 250685104 1074 49950 SH SOLE 49950 DOLPHIN CAPITAL INVTRS EQUITY 00B06GJ37 3984 7185100 SH SOLE 7185100 EMERITUS CORP EQUITY 291005106 778 28000 SH SOLE 28000 ENCANA CORP EQUITY 292505104 2504 128670 SH SOLE 128670 EXPEDITORS INTERNATIONAL of WA EQUITY 302130109 2180 61000 SH SOLE 61000 EXXON MOBIL CORP EQUITY 30231G102 6870 76245 SH SOLE 76245 GENERAL ELECTRIC CO EQUITY 369604103 6934 299913 SH SOLE 299913 GSV CAPITAL CORP EQUITY 36191j101 3256 394139 SH SOLE 394139 KINDER MORGAN INC EQUITY 49456b101 6184 159870 SH SOLE 159870 MICROSOFT CORP EQUITY 594918104 21910 765953 SH SOLE 765953 MITCHAM INDUSTRIES EQUITY 606501104 585 34590 SH SOLE 34590 OCCIDENTAL PETE CP DEL COM EQUITY 674599105 5985 76365 SH SOLE 76365 OMEROS CORP EQUITY 682143102 1287 312500 SH SOLE 312500 PLUG POWER INC EQUITY 72919p202 6 29000 SH SOLE 29000 QUANTUM CORP COM DSSG EQUITY 747906204 27 21000 SH SOLE 21000 SEQUENOM INC COM EQUITY 817337405 207 50000 SH SOLE 50000 SOUTHWEST AIRLS CO EQUITY 844741108 5314 394240 SH SOLE 394240 TELECOMMUNICATIONS SYS INC EQUITY 87929j103 167 75000 SH SOLE 75000 THIRD POINT OFFSHORE INVSTRS EQUITY G8846K109 1737 133609 SH SOLE 133609 TRANSOCEAN SEDCO FOREX INC EQUITY H8817H100 5019 96600 SH SOLE 96600 TRANSPORTADORA DE GAS DEL SUR EQUITY 893870204 874 523224 SH SOLE 523224 UNITECH CORP PARKS EQUITY G9221L100 1100 1997264 SH SOLE 1997264 UNITED PARCEL SERVICE EQUITY 911312106 32903 383035 SH SOLE 383035 US BANCORP NEW EQUITY 902973304 5534 163099 SH SOLE 163099 VODAFONE GROUP PLC EQUITY 92857W209 6631 233475 SH SOLE 233475 VOLT INFORMATION SCIENCES INC EQUITY 928703107 4363 522510 SH SOLE 522510 YAHOO INC EQUITY 984332106 10241 435250 SH SOLE 435250 ALERIAN MLP ETF ETF 00162q866 3012 169982 SH SOLE 169982 GABELLI GLOBAL DEAL FUND ETF 361570104 265 22500 SH SOLE 22500 SHORT S&P 500 PROSHARES ETF 74347r503 24326 792634 SH SOLE 792634 YORKVILLE HIGH INCOME MLP ETF 301505103 4255 228291 SH SOLE 228291 ZWEIG FUND ETF 989834205 2450 188426 SH SOLE 188426 ISHARES MSCI ACWI EX US INDEX ETF 464288240 378 8816 SH SOLE 8816 ISHARES MSCI EMERGING MKTS IND ETF 464287234 347 8117 SH SOLE 8117 GLOBAL X SILVER MINERS ETF ETF 37950E853 1613 88885 SH SOLE 88885 ISHARES GOLD TRUST ETF 464285105 3983 256659 SH SOLE 256659 MARKET VECTORS COAL ETF ETF 57060u837 2520 110000 SH SOLE 110000 MARKET VECTORS GOLD MINERS ETF 57060U100 5527 146020 SH SOLE 146020 MARKET VECTORS JR GOLD MINERS ETF 57060U589 1637 97790 SH SOLE 97790 SPROTT PHYSICAL GOLD TRUST ETF 85207h104 340 25100 SH SOLE 25100 STREETTRACKS GOLD TRUST ETF 78463V107 4747 30728 SH SOLE 30728 ISHARES BARCLAYS 1-3 YRCD BD F ETF 464288646 428 4055 SH SOLE 4055 ISHARES LEHMAN AGGREGATE BOND ETF 464287226 302 2728 SH SOLE 2728 PIMCO 15+ US TIPS INDEX FUND ETF 72201r304 1373 19664 SH SOLE 19664 PROSHARES ULTRASHORT 20 YR US ETF 74347b201 3397 51701 SH SOLE 51701