SYNTAX RESEARCH, INC.
CIK 1999827 · View on SEC EDGAR ↗
- Portfolio value
- $136.9M
- Positions
- 179
- As of
- June 30, 2026
#7,084 of 8,643 by 13F value · top 82.0%
Portfolio value QoQ: +9.3% 13F does not disclose cash
- Top 10 holdings weight
- 65.57%
- Top 25 holdings weight
- 84.29%
- Positions above 1%
- 18
- Effective number of positions
- 18.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 27.69% Est. buys $36,809,332 · sells $36,281,759
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 77.5% still held
- New positions
- 17
- Increased
- 42
- Decreased
- 30
- Closed
- 12
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
13.4%
Communication Services
3.8%
Financials
2.3%
Industrials
2.3%
Healthcare
2.2%
Real Estate
1.9%
Financial Services
1.8%
Retail
1.2%
Materials
1.2%
Communications
0.9%
Energy
0.8%
Utilities
0.8%
Consumer Discretionary
0.3%
Logistics & Transportation
0.2%
Consumer products
0.0%
Telecommunication
0.0%
Consumer Staples
0.0%
Other/Unmapped
66.7%
Full portfolio 179 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| IVV | $13,679,284 | 9.99% | 18,266 | $1,633,233 | Down ×2 | ||
| IEF iShares 7-10 Year Treasury Bond ETF | $13,337,471 | 9.74% | 141,033 | $4,892,938 | Up ×6 | ||
| SHY iShares 1-3 Year Treasury Bond ETF | $12,579,014 | 9.19% | 153,197 | $6,051,997 | Up ×2 | ||
| USMV | $10,927,806 | 7.98% | 113,288 | $8,112,739 | Up ×6 | ||
| NOBL | $9,411,581 | 6.88% | 167,585 | $3,500,315 | Up ×1 | ||
| QUAL | $8,377,857 | 6.12% | 38,180 | $6,739,690 | Up ×1 | ||
| AAPL Apple Inc. - Common Stock | $8,331,558 | 6.09% | 28,793 | $1,027,506 | Up ×1 | ||
| IJR | $4,883,149 | 3.57% | 32,925 | $862,212 | Up ×1 | ||
| IJH | $4,741,624 | 3.46% | 61,492 | $399,734 | Down ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $3,486,691 | 2.55% | 9,868 | $671,705 | Up ×1 | ||
| LQD | $2,881,159 | 2.10% | 26,416 | $-3,431,051 | Down ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $2,555,036 | 1.87% | 7,806 | $274,686 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $2,553,472 | 1.87% | 6,845 | $20,884 | Up ×1 | ||
| SPY SPY | $2,512,241 | 1.84% | 3,364 | $-2,598,736 | Down ×1 | ||
| IEUR | $2,221,918 | 1.62% | 29,559 | $83,279 | Down ×6 | ||
| AVGO Broadcom Inc. - Common Stock | $2,175,876 | 1.59% | 5,760 | $283,991 | Down ×1 | ||
| INTC Intel Corporation - Common Stock | $1,954,820 | 1.43% | 14,000 | $1,292,870 | Down ×1 | ||
| ACWX iShares MSCI ACWI ex U.S. ETF | $1,707,417 | 1.25% | 22,434 | $-1,038,515 | Down ×6 | ||
| TMO Thermo Fisher Scientific Inc Common Stock | $1,107,762 | 0.81% | 2,210 | $379,403 | Up ×1 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $1,082,279 | 0.79% | 5,857 | $209,058 | Down ×1 | ||
| PLD Prologis, Inc. Common Stock | $1,067,634 | 0.78% | 7,881 | $27,500 | Up ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $1,004,604 | 0.73% | 4,215 | $126,745 | |||
| BA Boeing Company (The) Common Stock | $957,447 | 0.70% | 4,423 | $130,477 | Up ×1 | ||
| ANET Arista Networks, Inc. Common Stock | $949,630 | 0.69% | 5,590 | $303,193 | Up ×1 | ||
| CVX Chevron Corporation Common Stock | $887,999 | 0.65% | 5,357 | $-207,807 | Up ×1 | ||
| CEG Constellation Energy Corporation - Common Stock When-Issued | $835,993 | 0.61% | 3,366 | $-839,507 | Down ×1 | ||
| VLUE | $832,067 | 0.61% | 4,164 | $-7,235,136 | Down ×4 | ||
| FCX Freeport-McMoRan, Inc. Common Stock | $796,422 | 0.58% | 12,664 | $80,888 | Up ×1 | ||
| AMT American Tower Corporation (REIT) Common Stock | $791,103 | 0.58% | 4,836 | $113,672 | Up ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $789,253 | 0.58% | 2,209 | $154,344 | Up ×1 | ||
| CME CME Group Inc. - Class A Common Stock | $787,039 | 0.57% | 3,564 | ||||
| LDOS Leidos Holdings, Inc. Common Stock | $765,891 | 0.56% | 7,438 | ||||
| TTWO Take-Two Interactive Software, Inc. - Common Stock | $681,196 | 0.50% | 2,725 | $70,921 | Down ×1 | ||
| ECL Ecolab Inc. Common Stock | $644,704 | 0.47% | 2,314 | Up ×1 | |||
| SYK Stryker Corporation Common Stock | $626,847 | 0.46% | 1,991 | $-30,333 | Down ×1 | ||
| DLR Digital Realty Trust, Inc. Common Stock | $613,445 | 0.45% | 3,416 | $-66,500 | Down ×2 | ||
| QQQ Invesco QQQ Trust, Series 1 | $602,621 | 0.44% | 818 | $130,295 | |||
| SPGI S&P Global Inc. Common Stock | $595,394 | 0.43% | 1,462 | Up ×1 | |||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $582,005 | 0.43% | 1,219 | $170,834 | Up ×6 | ||
| LMT Lockheed Martin Corporation Common Stock | $533,849 | 0.39% | 1,048 | $-98,900 | Up ×6 | ||
| BLK BlackRock, Inc. Common Stock | $530,416 | 0.39% | 552 | $26,173 | Up ×1 | ||
| BRKB | $506,395 | 0.37% | 1,012 | $21,444 | |||
| V Visa Inc. | $488,551 | 0.36% | 1,424 | $118,923 | Up ×1 | ||
| ORCL Oracle Corporation Common Stock | $468,999 | 0.34% | 3,200 | $-253,490 | Down ×1 | ||
| VTI | $463,384 | 0.34% | 1,252 | $62,792 | Up ×4 | ||
| COST Costco Wholesale Corporation - Common Stock | $366,705 | 0.27% | 392 | $-23,896 | |||
| AMAT Applied Materials, Inc. - Common Stock | $355,729 | 0.26% | 492 | $187,717 | |||
| RTX RTX Corporation Common Stock | $348,859 | 0.25% | 1,839 | $-560,630 | Down ×3 | ||
| TER Teradyne, Inc. - Common Stock | $331,229 | 0.24% | 685 | $128,347 | Up ×1 | ||
| BAC Bank of America Corporation Common Stock | $309,741 | 0.23% | 5,436 | $45,059 | Up ×1 | ||
| Unknown issuer (CUSIP: 02079K602) | $299,285 | 0.22% | 5,950 | Up ×1 | |||
| FDX FedEx Corporation Common Stock | $267,446 | 0.20% | 854 | $-35,660 | Up ×3 | ||
| VOT | $256,374 | 0.19% | 837 | $40,972 | |||
| HD Home Depot, Inc. (The) Common Stock | $243,125 | 0.18% | 689 | $16,991 | Up ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $231,782 | 0.17% | 1,973 | $78,741 | Up ×1 | ||
| ABT Abbott Laboratories Common Stock | $199,628 | 0.15% | 2,200 | $-1,032,412 | Down ×1 | ||
| VIG | $183,011 | 0.13% | 773 | $17,377 | Up ×4 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $177,459 | 0.13% | 1,381 | $11,338 | |||
| NEM Newmont Corporation | $176,165 | 0.13% | 1,886 | $-27,623 | Up ×4 | ||
| ZTS Zoetis Inc. Class A Common Stock | $168,871 | 0.12% | 2,350 | $132,971 | Up ×2 | ||
| WFC Wells Fargo & Company Common Stock | $168,256 | 0.12% | 2,036 | $6,170 | |||
| LLY Eli Lilly and Company Common Stock | $167,921 | 0.12% | 140 | $39,153 | |||
| PAYX Paychex, Inc. - Common Stock | $167,161 | 0.12% | 1,700 | $10,557 | |||
| REGN Regeneron Pharmaceuticals, Inc. - Common Stock | $152,768 | 0.11% | 245 | $-36,529 | |||
| CAT Caterpillar, Inc. Common Stock | $143,762 | 0.11% | 135 | $48,119 | |||
| ACN Accenture plc Class A Ordinary Shares (Ireland) | $143,106 | 0.10% | 1,150 | $125,259 | Up ×1 | ||
| NFLX Netflix, Inc. - Common Stock | $124,950 | 0.09% | 1,750 | $-43,313 | |||
| ED Consolidated Edison, Inc. Common Stock | $123,242 | 0.09% | 1,114 | $-2,841 | |||
| HDV | $118,549 | 0.09% | 4,325 | $62,225 | Up ×1 | ||
| BSX Boston Scientific Corporation Common Stock | $113,102 | 0.08% | 2,650 | Up ×1 | |||
| COP ConocoPhillips Common Stock | $109,588 | 0.08% | 1,054 | $-28,538 | Up ×4 | ||
| PECO Phillips Edison & Company, Inc. - Common Stock | $105,174 | 0.08% | 2,527 | $10,613 | |||
| ETN Eaton Corporation, PLC Ordinary Shares | $95,877 | 0.07% | 225 | $15,401 | |||
| META Meta Platforms, Inc. - Class A Common Stock | $95,760 | 0.07% | 170 | $-1,503 | |||
| XLF XLF | $93,121 | 0.07% | 1,737 | $7,365 | |||
| MDLN Medline Inc. - Class A common stock | $88,740 | 0.06% | 2,250 | Up ×1 | |||
| KLAC KLA Corporation - Common Stock | $87,496 | 0.06% | 290 | $44,796 | Up ×1 | ||
| TSLA Tesla, Inc. - Common Stock | $86,223 | 0.06% | 205 | $10,014 | |||
| AMGN Amgen Inc. - Common Stock | $85,823 | 0.06% | 237 | $2,434 | |||
| HPE Hewlett Packard Enterprise Company Common Stock | $85,574 | 0.06% | 1,897 | $40,406 | |||
| GMED Globus Medical, Inc. Class A Common Stock | $79,010 | 0.06% | 1,000 | $-7,150 | |||
| SDY | $76,090 | 0.06% | 500 | $39,605 | Up ×1 | ||
| ARM Arm Holdings plc - American Depositary Shares | $70,914 | 0.05% | 200 | $40,658 | |||
| NEE NextEra Energy, Inc. Common Stock | $70,568 | 0.05% | 804 | $-4,108 | |||
| ABNB Airbnb, Inc. - Class A Common Stock | $70,119 | 0.05% | 490 | $-561,155 | Down ×3 | ||
| DRI Darden Restaurants, Inc. Common Stock | $69,426 | 0.05% | 337 | $3,360 | |||
| Unknown issuer (CUSIP: 314352105) | $64,175 | 0.05% | 425 | Up ×1 | |||
| MDT Medtronic plc. Ordinary Shares | $62,858 | 0.05% | 803 | $-495,183 | Down ×2 | ||
| IWO | $57,519 | 0.04% | 146 | $11,702 | |||
| SAP SAP SE ADS | $54,864 | 0.04% | 356 | $-6,087 | |||
| SLB SLB Limited Common Shares | $54,028 | 0.04% | 1,162 | $-62,873 | Down ×2 | ||
| NVDA NVIDIA Corporation - Common Stock | $52,108 | 0.04% | 260 | $6,751 | |||
| IYF | $51,515 | 0.04% | 404 | $3,980 | |||
| JNJ Johnson & Johnson Common Stock | $48,255 | 0.04% | 190 | $-52,210 | Down ×1 | ||
| CMCSA Comcast Corporation - Class A Common Stock | $44,132 | 0.03% | 1,798 | $-7,224 | Up ×2 | ||
| HPQ HP Inc. Common Stock | $41,621 | 0.03% | 1,897 | $5,179 | |||
| FBTC | $40,075 | 0.03% | 785 | Up ×1 | |||
| Unknown issuer (CUSIP: 438516205) | $39,519 | 0.03% | 177 | Up ×1 | |||
| VB | $39,103 | 0.03% | 129 | $5,315 | |||
| CLX Clorox Company (The) Common Stock | $38,176 | 0.03% | 400 | ||||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| CME | $787,039 | 3,564 | 0.57% |
| LDOS | $765,891 | 7,438 | 0.56% |
| ECL | $644,704 | 2,314 | 0.47% |
| SPGI | $595,394 | 1,462 | 0.43% |
| Unknown issuer (CUSIP: 02079K602) | $299,285 | 5,950 | 0.22% |
| BSX | $113,102 | 2,650 | 0.08% |
| MDLN | $88,740 | 2,250 | 0.06% |
| Unknown issuer (CUSIP: 314352105) | $64,175 | 425 | 0.05% |
| FBTC | $40,075 | 785 | 0.03% |
| Unknown issuer (CUSIP: 438516205) | $39,519 | 177 | 0.03% |
| CLX | $38,176 | 400 | 0.03% |
| Unknown issuer (CUSIP: 84615Q103) | $26,484 | 155 | 0.02% |
| Unknown issuer (CUSIP: 15675D103) | $22,100 | 100 | 0.02% |
| NRG | $14,606 | 100 | 0.01% |
| Unknown issuer (CUSIP: G2004J103) | $7,429 | 260 | 0.01% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| USMV | Bought more | +83K | +$8.1M |
| SHY | Bought more | +74K | +$6.1M |
| IEF | Bought more | +53K | +$4.9M |
| NOBL | Bought more | +112K | +$3.5M |
| LQD | Trimmed | -31K | -$3.4M |
| SPY | Trimmed | -4K | -$2.6M |
| IVV | Trimmed | -175 | +$1.6M |
| INTC | Trimmed | -1K | +$1.3M |
| ACWX | Trimmed | -18K | -$1.0M |
| AAPL | Bought more | +13 | +$1.0M |
6 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| DLR | June 30, 2025 | 15,000 | $2,149,350 | 10.8% |
| LDOS | June 30, 2025 | 15,000 | $2,024,100 | -7.8% |
| FENY | March 31, 2026 | 81,150 | $2,010,084 | No longer tracked |
| DT | June 30, 2026 | 45,000 | $1,664,100 | 12.0% |
| VALE | Sept. 30, 2025 | 140,000 | $1,359,400 | 30.8% |
| EQIX | Dec. 31, 2025 | 1,500 | $1,174,860 | 39.2% |
| WY | June 30, 2025 | 40,000 | $1,171,200 | -5.1% |
| IEMG | June 30, 2025 | 20,095 | $1,084,526 | No longer tracked |
| FXI | June 30, 2025 | 28,249 | $1,012,431 | No longer tracked |
| WWD | Dec. 31, 2025 | 4,000 | $1,010,840 | 19.8% |
| OXY | Sept. 30, 2025 | 20,000 | $840,200 | 27.7% |
| STZ | Dec. 31, 2025 | 6,000 | $808,020 | -4.7% |
| NOC | June 30, 2026 | 1,000 | $682,240 | 15.7% |
| PANW | June 30, 2026 | 4,125 | $661,320 | 5.3% |
| EEM | June 30, 2026 | 10,418 | $591,619 | No longer tracked |
| SNOW | June 30, 2026 | 3,539 | $533,752 | 25.5% |
| WY | June 30, 2026 | 21,536 | $526,134 | 1.8% |
| TIP | June 30, 2026 | 4,633 | $511,264 | No longer tracked |
| CME | June 30, 2025 | 1,857 | $492,638 | -2.1% |
| WM | June 30, 2025 | 2,098 | $485,661 | -0.9% |
| BXP | March 31, 2026 | 1,505 | $101,581 | 31.1% |
| CUBE | Dec. 31, 2025 | 1,750 | $71,155 | 15.3% |
| IYY | March 31, 2025 | 472 | $67,539 | No longer tracked |
| HON | June 30, 2026 | 191 | $43,172 | 0.8% |
| VGK | March 31, 2025 | 673 | $42,727 | No longer tracked |
| FMC | Sept. 30, 2025 | 1,000 | $41,750 | -68.1% |
| ELV | June 30, 2026 | 122 | $35,701 | 3.6% |
| CLX | June 30, 2025 | 221 | $32,543 | -10.1% |
| KR | March 31, 2026 | 433 | $27,054 | -21.3% |
| COLD | June 30, 2025 | 1,001 | $21,481 | -8.7% |
| CUBE | June 30, 2025 | 416 | $17,773 | -2.2% |
| VWO | March 31, 2025 | 359 | $15,830 | No longer tracked |
| SCHD | March 31, 2025 | 568 | $15,526 | No longer tracked |
| VXF | March 31, 2025 | 78 | $14,903 | No longer tracked |
| MO | March 31, 2026 | 250 | $14,415 | -0.7% |
| XLRE | June 30, 2025 | 344 | $14,397 | No longer tracked |
| CL | March 31, 2026 | 165 | $13,039 | 8.9% |
| VEA | March 31, 2025 | 270 | $12,898 | No longer tracked |
| ECH | March 31, 2025 | 500 | $12,520 | No longer tracked |
| CRSP | Sept. 30, 2025 | 250 | $12,160 | -12.3% |
| UBER | March 31, 2025 | 200 | $12,064 | 4.3% |
| EWZ | March 31, 2025 | 500 | $11,255 | No longer tracked |
| SJM | March 31, 2026 | 112 | $10,955 | 26.0% |
| GH | Sept. 30, 2025 | 200 | $10,408 | 157.7% |
| CCJ | Sept. 30, 2025 | 100 | $7,423 | 16.1% |
| CARR | Dec. 31, 2025 | 118 | $7,045 | 16.5% |
| CCL | June 30, 2026 | 260 | $6,729 | -4.0% |
| MTCH | March 31, 2025 | 200 | $6,542 | 27.5% |
| HE | Dec. 31, 2025 | 508 | $5,612 | -3.9% |
| OTIS | Dec. 31, 2025 | 59 | $5,395 | -17.6% |
| VKTX | Sept. 30, 2025 | 200 | $5,300 | 31.4% |
| DD | June 30, 2026 | 100 | $4,580 | 2.8% |
| MRNA | Sept. 30, 2025 | 100 | $2,759 | 422.3% |
| ACN | March 31, 2025 | 5 | $1,767 | -42.2% |
| MA | March 31, 2025 | 3 | $1,582 | 6.1% |
| AXP | March 31, 2025 | 5 | $1,488 | 27.4% |
| CCCC | Sept. 30, 2025 | 1,000 | $1,430 | 91.7% |
| TDOC | March 31, 2025 | 100 | $909 | -16.4% |
| XLE | Dec. 31, 2025 | 10 | $901 | No longer tracked |
| UPS | June 30, 2026 | 1 | $66 | -3.4% |