Cynosure Group, LLC

Registered adviser

CIK

1763409

Location

Salt Lake City, UT

Portfolio Value

Small $705,621,302

Diversification

Moderately concentrated

Reports for

PRELUDE CAPITAL MANAGEMENT, LLC Leucadia Asset Management LLC

Filing Date

Global Rank

#3,051 / 8,827 ▼ 547 · as of Jun 2026

Top Industry

Capital Markets 16.3%

Period ended 38 days ago

Filed Nov 3, 2026 · 4d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 281399

Roster of Nov 1, 2026

Regulatory AUM

$9,847,984,409

Main clients

Diversified

Private funds

60 funds · Private equity funds

Focus by gross assets, Schedule D of Dec 20, 2024

$3,493,738,382 gross assets

LEI

254900IRIPU0510JWC66

Private funds on Schedule D 7.B.(1)

As filed Dec 20, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$2,703,402,187 gross assets in 45 funds Private equity funds $1,944,426,091 (25) Other private funds $511,431,747 (11) Venture capital funds $164,421,922 (4) Real estate funds $83,122,427 (2) Hedge funds $0 (3)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$9,847,984,409	Diversified
Apr 2025 to Mar 2026	$6,565,356,221	Pooled investment vehicles (61%)
Apr 2024 to Mar 2025	$4,862,981,883	Pooled investment vehicles (56%)
Dec 2023 to Mar 2024	$3,843,101,451	Pooled investment vehicles (68%)
May 2023 to Nov 2023	$2,526,765,312	Pooled investment vehicles (79%)
Apr 2023	$2,526,765,312	Pooled investment vehicles (79%)

7 earlier changes not shown.

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

Company	Schedule	Event date	Filed	Shares	% of class	Change	Status
BRCB Black Rock Coffee Bar, Inc.	13D/A not restated by this amendment, the earlier 13D's purpose stands	May 15, 2026	6mo	21,831,316	52.6%	+13,642,712 since Sep 30, 2025	Current

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 77.6% of the book (60%+)

Turnover

Medium turnover

57.6% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 12.2 quarters (12+), a floor since 10.3% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 82.8%; sector active share 61.3% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

137 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

36.4%

+1.8 pts

Top 5

71.6%

+5.3 pts

Top 10

82.7%

+5.1 pts

HHI

1,915

Moderately concentrated+244

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	77.8%	$549,039,329	43
Industrials	8.2%	$57,819,096	22
Financial Services	4.7%	$33,504,637	14
Technology	4.0%	$28,132,702	19
Consumer Cyclical	2.6%	$18,234,874	8
Energy	0.8%	$5,876,937	6
Healthcare	0.8%	$5,788,655	11
Communication Services	0.5%	$3,610,792	4
Consumer Defensive	0.3%	$2,373,625	6
Utilities	0.2%	$1,240,655	4

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
SGOV	iShares 0-3 Month Treasury Bond ETF	+34,139	792,368	$79,775,610
ROL	Rollins Inc	+13,438	23,440	$706,012
SPY	Spdr S&P 500 ETF Trust	+11,698	205,923	$157,043,057
GEHC	GE HealthCare Technologies Inc.	+3,690	24,335	$1,590,778
VLO	Valero Energy Corp	+1,503	3,993	$1,547,725
AVGO	Broadcom Inc.	+1,309	2,734	$960,152
SNEX	StoneX Group Inc.	+1,252	7,248	$468,510
UNP	Union Pacific Corp	+799	64,886	$17,657,426
IJR	iShares Core S&P Small-Cap ETF	+769	7,277	$989,963
VEA	Vanguard FTSE Developed Markets ETF	+348	9,338	$659,356
PDX	PIMCO Dynamic Income Strategy Fund	+194	10,541	$213,982
MTZ	Mastec Inc	+109	1,911	$408,227
AGG	iShares Core U.S. Aggregate Bond ETF	+91	8,406	$794,703
CW	Curtiss Wright Corp	+91	980	$532,941
IWR	iShares Russell Mid-Cap ETF	+8	2,859	$305,083
VTV	VANGUARD VALUE INDEX FUND	+5	1,152	$248,924
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	+4	2,326	$367,159
AAPL	Apple Inc.	+1	5,084	$1,693,073
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
JAAA	Janus Henderson AAA CLO ETF	−56,236	104,238	$5,260,891
ICSH	iShares Ultra Short Duration Bond Active ETF	−31,461	301,793	$15,210,367
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−28,242	113,593	$7,968,548
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	−15,241	219,389	$13,411,249
USHY	iShares Broad USD High Yield Corporate Bond ETF	−13,627	74,729	$2,669,319
WDAY	Workday, Inc.	−13,440	13,530	$2,576,923
JPST	JPMorgan Ultra-Short Income ETF	−12,132	107,103	$5,394,778
SHV	iShares 0-1 Year Treasury Bond ETF	−7,066	538,140	$59,367,604
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	−7,063	225,563	$29,081,837
BTSG	BrightSpring Health Services, Inc.	−7,037	8,427	$478,231
LNT	Alliant Energy Corp	−5,508	3,195	$202,242
PNW	Pinnacle West Capital Corp	−3,913	2,231	$207,570
MUB	iShares National Muni Bond ETF	−3,706	6,784	$685,862
ITOT	iShares Core S&P Total U.S. Stock Market ETF	−3,508	101,874	$16,939,608
BNY	Bank of New York Mellon Corp	−2,762	1,984	$286,944
QQQ	Invesco Qqq Trust, Series 1	−2,214	19,341	$14,307,891
SO	Southern Co	−2,188	4,521	$374,744
VB	Vanguard Index Funds	−2,159	31,653	$9,004,961
MIRM	Mirum Pharmaceuticals, Inc.	−1,977	5,037	$430,561
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	−1,953	8,096	$633,997
GOOGL	Alphabet Inc.	−1,822	3,666	$1,261,397
TPR	Tapestry, Inc.	−1,645	2,678	$308,076
IVV	iShares Core S&P 500 ETF	−1,473	35,370	$27,088,114
KGS	Kodiak Gas Services, Inc.	−1,203	8,357	$442,669
VOO	VANGUARD 500 INDEX FUND	−1,186	32,319	$22,651,094
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BRCB	Black Rock Coffee Bar, Inc.	2,035,904	$14,515,995
USFR	WisdomTree Floating Rate Treasury Fund	29,865	$1,504,897
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	14,935	$1,501,714
MPC	Marathon Petroleum Corp	3,766	$1,489,150
DINO	HF Sinclair Corp	13,662	$1,466,204
PANW	Palo Alto Networks Inc	1,391	$552,657
LAUR	Laureate Education, Inc.	13,971	$533,132
EME	EMCOR Group, Inc.	666	$502,489
IDCC	InterDigital, Inc.	1,531	$499,212
NHC	National Healthcare Corp	2,271	$498,505
GWW	W.W. Grainger, Inc.	372	$463,421
DBD	DIEBOLD NIXDORF, Inc	7,487	$458,353
IBKR	Interactive Brokers Group, Inc.	5,349	$456,910
MMM	3M Co	2,664	$437,294
LOW	Lowes Companies Inc	2,339	$431,053
KEY	Keycorp	20,058	$402,562
LII	Lennox International Inc	1,094	$388,390
HRL	Hormel Foods Corp	19,170	$382,248
HD	Home Depot, Inc.	1,177	$334,843
CMI	Cummins Inc	598	$308,908
INCY	Incyte Corp	2,481	$301,068
SYK	Stryker Corp	1,071	$294,941
AXON	Axon Enterprise, Inc.	689	$291,115
ODFL	Old Dominion Freight Line, Inc.	1,669	$290,137
IT	Gartner Inc	1,373	$256,119
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
HCA	HCA Healthcare, Inc.	8,242	$3,213,472
CIEN	Ciena Corp	2,418	$1,186,172
LRCX	Lam Research Corp	2,637	$1,142,689
SNDK	Sandisk Corp	459	$1,043,640
GLW	Corning Inc	3,803	$971,399
MU	Micron Technology Inc	809	$933,820
AMAT	Applied Materials Inc	1,275	$921,825
MTSI	MACOM Technology Solutions Holdings, Inc.	2,285	$869,144
WDC	Western Digital Corp	1,352	$863,549
VICR	Vicor Corp	2,253	$855,643
BSCS	Invesco BulletShares 2028 Corporate Bond ETF	41,794	$851,343
AXSM	Axsome Therapeutics, Inc.	3,413	$835,399
ROIV	Roivant Sciences Ltd.	23,548	$833,362
STX	Seagate Technology Holdings plc	852	$822,180
VIK	Viking Holdings Ltd	7,789	$815,272
PRIM	Primoris Services Corp	8,214	$814,170
VSEC	Vse Corp	3,562	$813,916
JNJ	Johnson & Johnson	3,180	$807,624
GVA	Granite Construction Inc	5,098	$805,890
MSGK	MSG Knickerbockers Corp.	1,938	$778,765
VIRT	Virtu Financial, Inc.	12,990	$773,813
BSCR	Invesco BulletShares 2027 Corporate Bond ETF	39,123	$767,397
EAT	Brinker International, Inc	4,562	$766,416
PLXS	Plexus Corp	2,545	$765,204
BSCQ	Invesco BulletShares 2026 Corporate Bond ETF	39,132	$764,052
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

137 tracked positions · $705,621,302 total · filing declares 251 positions · $707,397,510 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 137 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	205,923	+11,698	$157,043,057	+8.3%	22.26%
SGOV	iShares 0-3 Month Treasury Bond ETF	Added	792,368	+34,139	$79,775,610	+4.5%	11.31%
IWF	iShares Russell 1000 Growth ETF	Reduced	496,585	-649	$62,202,237	+0.7%	8.82%
SHV	iShares 0-1 Year Treasury Bond ETF	Reduced	538,140	-7,066	$59,367,604	−1.3%	8.41%
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	Reduced	225,563	-7,063	$29,081,837	−2.2%	4.12%
IVV	iShares Core S&P 500 ETF	Reduced	35,370	-1,473	$27,088,114	−1.8%	3.84%
CRCL	Circle Internet Group, Inc. Financial Services	Held	296,811	0	$24,388,959	+31.2%	3.46%
VOO	VANGUARD 500 INDEX FUND	Reduced	32,319	-1,186	$22,651,094	−1.6%	3.21%
UNP	Union Pacific Corp Industrials	Added	64,886	+799	$17,657,426	+1.3%	2.50%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Reduced	101,874	-3,508	$16,939,608	−2.1%	2.40%
GE	General Electric Co Industrials	Reduced	54,180	-2	$16,919,872	−16.4%	2.40%
ICSH	iShares Ultra Short Duration Bond Active ETF	Reduced	301,793	-31,461	$15,210,367	−9.8%	2.16%
BRCB	Black Rock Coffee Bar, Inc. Consumer Cyclical	NEW	2,035,904	NEW	$14,515,995	NEW	2.06%
QQQ	Invesco Qqq Trust, Series 1	Reduced	19,341	-2,214	$14,307,891	−9.9%	2.03%
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	Reduced	219,389	-15,241	$13,411,249	−6.0%	1.90%
GEV	GE Vernova Inc. Industrials	Reduced	12,756	-191	$12,124,450	−20.3%	1.72%
IBM	International Business Machines Corp Technology	Held	54,382	0	$11,960,233	−21.8%	1.69%
VB	Vanguard Index Funds	Reduced	31,653	-2,159	$9,004,961	−12.1%	1.28%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Reduced	113,593	-28,242	$7,968,548	−23.5%	1.13%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	14,945	-236	$5,593,016	−0.4%	0.79%
JPST	JPMorgan Ultra-Short Income ETF	Reduced	107,103	-12,132	$5,394,778	−10.5%	0.76%
JAAA	Janus Henderson AAA CLO ETF	Reduced	104,238	-56,236	$5,260,891	−35.1%	0.75%
WFC	Wells Fargo & Company Financial Services	Held	51,198	0	$4,098,399	−3.1%	0.58%
CAT	Caterpillar Inc Industrials	Reduced	4,183	-27	$3,391,534	−24.4%	0.48%
MSFT	Microsoft Corp Technology	Held	5,349	0	$2,743,502	+37.5%	0.39%
USHY	iShares Broad USD High Yield Corporate Bond ETF	Reduced	74,729	-13,627	$2,669,319	−18.4%	0.38%
WDAY	Workday, Inc. Technology	Reduced	13,530	-13,440	$2,576,923	−22.0%	0.37%
NVDA	Nvidia Corp Technology	Held	10,285	0	$2,348,888	+14.1%	0.33%
QUAL	iShares MSCI USA Quality Factor ETF	Reduced	10,449	-79	$2,322,185	+0.5%	0.33%
AAPL	Apple Inc. Technology	Added	5,084	+1	$1,693,073	+15.1%	0.24%
GEHC	GE HealthCare Technologies Inc. Healthcare	Added	24,335	+3,690	$1,590,778	+20.4%	0.23%
VLO	Valero Energy Corp Energy	Added	3,993	+1,503	$1,547,725	+138.7%	0.22%
USFR	WisdomTree Floating Rate Treasury Fund	NEW	29,865	NEW	$1,504,897	NEW	0.21%
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	NEW	14,935	NEW	$1,501,714	NEW	0.21%
MPC	Marathon Petroleum Corp Energy	NEW	3,766	NEW	$1,489,150	NEW	0.21%
DINO	HF Sinclair Corp Energy	NEW	13,662	NEW	$1,466,204	NEW	0.21%
IXN	iShares Global Tech ETF	Held	9,611	0	$1,424,542	+2.6%	0.20%
AMZN	Amazon Com Inc Consumer Cyclical	Held	5,349	0	$1,332,703	+4.5%	0.19%
V	Visa Inc. Financial Services	Held	3,664	0	$1,316,585	+4.7%	0.19%
GOOGL	Alphabet Inc. Communication Services	Reduced	3,666	-1,822	$1,261,397	−35.7%	0.18%
META	Meta Platforms, Inc. Communication Services	Held	1,582	0	$1,147,234	+28.7%	0.16%
IJR	iShares Core S&P Small-Cap ETF	Added	7,277	+769	$989,963	+2.6%	0.14%
AVGO	Broadcom Inc. Technology	Added	2,734	+1,309	$960,152	+78.4%	0.14%
NDSN	Nordson Corp Industrials	Held	2,562	0	$839,951	+8.7%	0.12%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	8,406	+91	$794,703	−3.4%	0.11%
MCO	Moodys Corp Financial Services	Held	1,720	0	$781,103	+0.3%	0.11%
AMD	Advanced Micro Devices Inc Technology	Held	1,227	0	$750,629	+5.3%	0.11%
MTD	Mettler Toledo International Inc Healthcare	Held	485	0	$732,810	+18.3%	0.10%
KEYS	Keysight Technologies, Inc. Technology	Held	1,949	0	$709,513	+4.0%	0.10%
ROL	Rollins Inc Consumer Cyclical	Added	23,440	+13,438	$706,012	+69.1%	0.10%

Showing the top 50 of 137 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.