<SEC-DOCUMENT>0001698478-24-000003-index.html : 20240130
<SEC-HEADER>0001698478-24-000003.hdr.sgml : 20240130
<ACCEPTANCE-DATETIME>20240130172150
ACCESSION NUMBER:		0001698478-24-000003
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240130
DATE AS OF CHANGE:		20240130

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			XCel Brands, Inc.
		CENTRAL INDEX KEY:			0001083220
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				760307819
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-61619
		FILM NUMBER:		24579592

	BUSINESS ADDRESS:	
		STREET 1:		1333 BROADWAY
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
		BUSINESS PHONE:		(347) 727-2474

	MAIL ADDRESS:	
		STREET 1:		1333 BROADWAY
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETFABRIC HOLDINGS, INC
		DATE OF NAME CHANGE:	20050516

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HOUSTON OPERATING CO
		DATE OF NAME CHANGE:	19990402

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Summit Trail Advisors, LLC
		CENTRAL INDEX KEY:			0001698478
		ORGANIZATION NAME:           	
		IRS NUMBER:				474459131
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		2 GRAND CENTRAL TOWER
		STREET 2:		140 E 45TH STREET, 28TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-812-7010

	MAIL ADDRESS:	
		STREET 1:		2 GRAND CENTRAL TOWER
		STREET 2:		140 E 45TH STREET, 28TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>xcelsta20240130.txt
<TEXT>
Document 1 - file: xcelsta20240130.txt

</DOCUMENT>
</SEC-DOCUMENT>