# EDGAR Filing Document

**Accession Number:** 0001280043
**File Stem:** 0001085146-23-000959
**Filing Date:** 2023-2
**Character Count:** 14263
**Document Hash:** 2e98a49c3c4b4d02a967429d565d34e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000959.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001085146-23-000959

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230209

**EFFECTIVENESS DATE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SUMMITRY LLC
- **CENTRAL INDEX KEY:** 0001280043
- **IRS NUMBER:** 202133053
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10724
- **FILM NUMBER:** 23608180

**BUSINESS ADDRESS:**
- **STREET 1:** 919 E HILLSDALE BLVD
- **STREET 2:** SUITE 150
- **CITY:** FOSTER CITY
- **STATE:** CA
- **ZIP:** 94404
- **BUSINESS PHONE:** 650-212-2240

**MAIL ADDRESS:**
- **STREET 1:** 919 E HILLSDALE BLVD
- **STREET 2:** SUITE 150
- **CITY:** FOSTER CITY
- **STATE:** CA
- **ZIP:** 94404

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLUB GROUP LLC
- **DATE OF NAME CHANGE:** 20060911

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLUB GROUP INC
- **DATE OF NAME CHANGE:** 20040212

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** SUMMITRY LLC<br>**Address:** 919 E HILLSDALE BLVD<br>SUITE 150<br>FOSTER CITY, CA 94404

**Form 13F File Number:** 028-10724

**CRD Number (if applicable):** 000128586

**SEC File Number (if applicable):** 801-62398

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:** Jennifer Rouse<br>**Title:** CCO<br>**Phone:** 650-212-2240

**Signature, Place, and Date of Signing:**

/s/ Jennifer Rouse  San Mateo, CA  02-09-2023<br>[Signature]  [City, State]  [Date]

**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 are reported 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:** 96

**Form 13F Information Table Value Total:** $1359790114

      (round to nearest dollar)

**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.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 | BBG001S5T7X2 | 3431511 | 28615 | SH |  | SOLE |  | 28615 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 639491 | 3957 | SH |  | SOLE |  | 3957 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 | BBG001S5NCQ5 | 262830 | 781 | SH |  | SOLE |  | 781 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 | BBG001SCTQY4 | 36805222 | 245942 | SH |  | SOLE |  | 245942 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 52476418 | 594768 | SH |  | SOLE |  | 594768 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 1458544 | 16438 | SH |  | SOLE |  | 16438 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 33272736 | 396104 | SH |  | SOLE |  | 396104 | 0 | 0 |
| AMERISOURCEBERGEN CORP | COM | 03073E105 | BBG001S8X7P0 | 5438125 | 32817 | SH |  | SOLE |  | 32817 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 3977744 | 30615 | SH |  | SOLE |  | 30615 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 2944880 | 159961 | SH |  | SOLE |  | 159961 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 1002890 | 30281 | SH |  | SOLE |  | 30281 | 0 | 0 |
| BANK HAWAII CORP | COM | 062540109 | BBG001S6R977 | 232680 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 62348426 | 201840 | SH |  | SOLE |  | 201840 | 0 | 0 |
| BK OF AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 2590280 | 2233 | SH |  | SOLE |  | 2233 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 | BBG001SDBP55 | 297625 | 420 | SH |  | SOLE |  | 420 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG001S89N72 | 278109 | 138 | SH |  | SOLE |  | 138 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 227794 | 3166 | SH |  | SOLE |  | 3166 | 0 | 0 |
| CARMAX INC | COM | 143130102 | BBG001SD9561 | 42541777 | 698666 | SH |  | SOLE |  | 698666 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 | BBG001S5PJ06 | 4534272 | 18927 | SH |  | SOLE |  | 18927 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 378525 | 2109 | SH |  | SOLE |  | 2109 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 1111824 | 5040 | SH |  | SOLE |  | 5040 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 3618663 | 75959 | SH |  | SOLE |  | 75959 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 327375 | 7238 | SH |  | SOLE |  | 7238 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 604867 | 9509 | SH |  | SOLE |  | 9509 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 | BBG001S9KRQ7 | 200860 | 440 | SH |  | SOLE |  | 440 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 349439 | 815 | SH |  | SOLE |  | 815 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 | BBG001S7V596 | 621883 | 3490 | SH |  | SOLE |  | 3490 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 47102554 | 542156 | SH |  | SOLE |  | 542156 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 | BBG001T5BM30 | 25530080 | 103675 | SH |  | SOLE |  | 103675 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 | BBG001S5QZ45 | 4949804 | 31537 | SH |  | SOLE |  | 31537 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 | BBG001S5QVT7 | 5145424 | 53565 | SH |  | SOLE |  | 53565 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 219733 | 9110 | SH |  | SOLE |  | 9110 | 0 | 0 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 603822 | 4662 | SH |  | SOLE |  | 4662 | 0 | 0 |
| ESSEX PPTY TR INC | COM | 297178105 | BBG001S81418 | 439098 | 2072 | SH |  | SOLE |  | 2072 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 328142 | 2975 | SH |  | SOLE |  | 2975 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 62873292 | 622077 | SH |  | SOLE |  | 622077 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 | BBG001S5RRD2 | 24532903 | 44104 | SH |  | SOLE |  | 44104 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 488899 | 1548 | SH |  | SOLE |  | 1548 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 357015 | 2534 | SH |  | SOLE |  | 2534 | 0 | 0 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 | BBG001TG5H89 | 28502943 | 293966 | SH |  | SOLE |  | 293966 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 565362 | 1471 | SH |  | SOLE |  | 1471 | 0 | 0 |
| ISHARES TR | IBDS DEC28 ETF | 46435U515 | BBG00M0P3SC7 | 30502683 | 1255771 | SH |  | SOLE |  | 1255771 | 0 | 0 |
| ISHARES TR | IBONDS 23 TRM TS | 46436E882 | BBG00RYQY150 | 26496286 | 1072724 | SH |  | SOLE |  | 1072724 | 0 | 0 |
| ISHARES TR | IBONDS 24 TRM TS | 46436E874 | BBG00RYR0PY0 | 26439566 | 1108577 | SH |  | SOLE |  | 1108577 | 0 | 0 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 | BBG00DST7FD2 | 17806065 | 762572 | SH |  | SOLE |  | 762572 | 0 | 0 |
| ISHARES TR | IBONDS DEC23 ETF | 46434VAX8 | BBG0088JLVM6 | 17666836 | 705826 | SH |  | SOLE |  | 705826 | 0 | 0 |
| ISHARES TR | IBONDS DEC24 ETF | 46434VBG4 | BBG0088JX0B3 | 26355113 | 1079243 | SH |  | SOLE |  | 1079243 | 0 | 0 |
| ISHARES TR | IBONDS DEC25 ETF | 46434VBD1 | BBG0088JX9H8 | 31932626 | 1313019 | SH |  | SOLE |  | 1313019 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 | BBG001SD9RM5 | 781802 | 7345 | SH |  | SOLE |  | 7345 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 4391905 | 24862 | SH |  | SOLE |  | 24862 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 400020 | 2983 | SH |  | SOLE |  | 2983 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 | BBG001S5SLZ0 | 3876187 | 28554 | SH |  | SOLE |  | 28554 | 0 | 0 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 | BBG001S7RX54 | 239012 | 1015 | SH |  | SOLE |  | 1015 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 4271869 | 8781 | SH |  | SOLE |  | 8781 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 50219175 | 252054 | SH |  | SOLE |  | 252054 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 | BBG001S7S2B4 | 3110850 | 21445 | SH |  | SOLE |  | 21445 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 48387038 | 139151 | SH |  | SOLE |  | 139151 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 4038505 | 15325 | SH |  | SOLE |  | 15325 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 28116166 | 361762 | SH |  | SOLE |  | 361762 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 365691 | 3296 | SH |  | SOLE |  | 3296 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 32250072 | 267991 | SH |  | SOLE |  | 267991 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 60326593 | 251549 | SH |  | SOLE |  | 251549 | 0 | 0 |
| MOODYS CORP | COM | 615369105 | BBG001S5VP87 | 23797372 | 85412 | SH |  | SOLE |  | 85412 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 38041879 | 129008 | SH |  | SOLE |  | 129008 | 0 | 0 |
| NEWTEK BUSINESS SVCS CORP | COM NEW | 652526203 | BBG001S9PYW0 | 162500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG001S5RB29 | 417415 | 4993 | SH |  | SOLE |  | 4993 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 | BBG001S5TP26 | 411390 | 754 | SH |  | SOLE |  | 754 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 299978 | 2053 | SH |  | SOLE |  | 2053 | 0 | 0 |
| OXFORD LANE CAP CORP | COM | 691543102 | BBG001T93HP8 | 101400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 842714 | 4665 | SH |  | SOLE |  | 4665 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 4530060 | 29890 | SH |  | SOLE |  | 29890 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 5512416 | 42498 | SH |  | SOLE |  | 42498 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 598159 | 5441 | SH |  | SOLE |  | 5441 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 | BBG001S5VRS1 | 53453174 | 460525 | SH |  | SOLE |  | 460525 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 24519471 | 184927 | SH |  | SOLE |  | 184927 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 46386450 | 557128 | SH |  | SOLE |  | 557128 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 532004 | 7450 | SH |  | SOLE |  | 7450 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 405376 | 1060 | SH |  | SOLE |  | 1060 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 32523007 | 327853 | SH |  | SOLE |  | 327853 | 0 | 0 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 4164671 | 54476 | SH |  | SOLE |  | 54476 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 45204223 | 606848 | SH |  | SOLE |  | 606848 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 2672883 | 17934 | SH |  | SOLE |  | 17934 | 0 | 0 |
| TRIPLEPOINT VENTURE GROWTH B | COM | 89677Y100 | BBG005GXFKK5 | 104300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 | BBG00FWQ4W44 | 38996692 | 83136 | SH |  | SOLE |  | 83136 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 1178091 | 5689 | SH |  | SOLE |  | 5689 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 3778411 | 21735 | SH |  | SOLE |  | 21735 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 204649 | 386 | SH |  | SOLE |  | 386 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 2959110 | 67854 | SH |  | SOLE |  | 67854 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 1213880 | 3455 | SH |  | SOLE |  | 3455 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 2949299 | 74855 | SH |  | SOLE |  | 74855 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 59782920 | 287750 | SH |  | SOLE |  | 287750 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 268550 | 1894 | SH |  | SOLE |  | 1894 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 33132608 | 802437 | SH |  | SOLE |  | 802437 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 2966055 | 2503 | SH |  | SOLE |  | 2503 | 0 | 0 |
| XAI OCTAGON FLOATING RATE | COM | 98400T106 | BBG00HMS4SD6 | 63200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 | BBG001S6SX73 | 46027886 | 179509 | SH |  | SOLE |  | 179509 | 0 | 0 |

---