SYNTAX RESEARCH, INC.

Registered adviser

CIK

1999827

Location

BOCA RATON, FL

Portfolio Value

Small $136,879,209

Diversification

Highly concentrated

Filing Date

Global Rank

#7,693 / 8,819 ▼ 736

Top Industry

Consumer Electronics 17.8%

Period ended 4 months ago

Filed Jul 31, 2026 · 3mo

12 quarters · since Sep 2023

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, Oct 1, 2026

Form ADV adviser

CRD 151948

Roster of Oct 1, 2026

Regulatory AUM

$202,934,734

Main clients

Individuals and high net worth (94% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$38,893,588 gross assets

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

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

$41,531,811 gross assets in 1 fund Hedge funds $41,531,811 (1)

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 Oct 2026	$202,934,734	Individuals and high net worth (94%)
Mar 2025 to Mar 2026	$196,609,435	Individuals and high net worth (95%)
Apr 2024 to Feb 2025	$177,802,626	Individuals and high net worth (95%)
May 2023 to Mar 2024	$156,408,590	Individuals and high net worth (95%)
Apr 2023	$156,408,590	Individuals and high net worth (95%)
Apr 2022 to Mar 2023	$192,438,248	Individuals and high net worth (95%)

3 earlier changes not shown.

Portfolio style

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

Style

Concentrated

The top 10 positions are 81.5% of the book (60%+)

Turnover

Medium turnover

52.5% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 11.4 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 72.9%; sector active share 53.0% against the combined 13F book's sector weights.

Over time 12 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

179 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

55.8%

+14.5 pts

Top 5

74.0%

+18.1 pts

Top 10

81.5%

+14.8 pts

HHI

3,231

Highly concentrated+1,411

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	65.9%	$90,154,116	39
Technology	15.0%	$20,552,117	27
Financial Services	4.5%	$6,153,798	16
Communication Services	4.1%	$5,606,688	11
Healthcare	2.3%	$3,166,176	18
Industrials	1.9%	$2,645,188	19
Real Estate	1.9%	$2,597,705	5
Basic Materials	1.2%	$1,704,771	9
Consumer Cyclical	1.2%	$1,643,542	17
Energy	0.8%	$1,109,997	6
Utilities	0.8%	$1,069,992	5
Consumer Defensive	0.3%	$475,119	7

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
—		+111,824	167,585	$9,411,573
USMV	iShares MSCI USA Min Vol Factor ETF	+82,934	113,288	$10,927,760
SHY	iShares 1-3 Year Treasury Bond ETF	+74,149	153,197	$12,579,005
IEF	iShares 7-10 Year Treasury Bond ETF	+52,553	141,033	$13,337,490
QUAL	iShares MSCI USA Quality Factor ETF	+29,639	38,180	$8,377,837
—		+3,910	4,325	$118,548
ZTS	Zoetis Inc.	+2,046	2,350	$168,871
ACN	Accenture plc	+1,060	1,150	$143,106
IJR	iShares Core S&P Small-Cap ETF	+579	32,925	$4,883,106
KLAC	Kla Corp	+261	290	$87,495
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	+250	500	$76,090
V	Visa Inc.	+201	1,424	$488,560
CVX	Chevron Corp	+61	5,357	$887,976
JPM	Jpmorgan Chase & Co	+54	7,806	$2,555,137
BKNG	Booking Holdings Inc.	+48	50	$8,912
BLK	BlackRock, Inc.	+28	552	$530,781
AAPL	Apple Inc.	+13	28,793	$8,331,542
CMCSA	Comcast Corp	+9	1,798	$44,140
COP	Conocophillips	+8	1,054	$109,573
SCHF	Schwab International Equity ETF	+7	1,309	$36,259
BAC	Bank Of America Corp	+7	5,436	$309,743
LEVI	Levi Strauss & Co	+7	1,013	$25,152
OKE	Oneok Inc	+5	359	$31,211
FDX	Fedex Corp	+3	854	$267,413
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+3	1,252	$463,290
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VLUE	iShares MSCI USA Value Factor ETF	−52,571	4,164	$832,008
FCX	Freeport-Mcmoran Inc	−39,509	12,664	$796,438
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	−31,499	26,416	$2,881,193
IEMG	iShares Trust	−30,461	13	$1,076
IGV	iShares Expanded Tech-Software Sector ETF	−24,780	165	$14,949
GOVT	iShares U.S. Treasury Bond ETF	−22,479	496	$11,298
PLD	Prologis, Inc.	−19,988	7,881	$1,067,639
ACWX	iShares MSCI ACWI ex U.S. ETF	−17,670	22,434	$1,707,451
ABNB	Airbnb, Inc.	−16,509	490	$70,119
ANET	Arista Networks, Inc.	−15,675	5,590	$949,629
ORCL	Oracle Corp	−13,711	3,200	$468,960
QCOM	Qualcomm Inc	−12,924	5,857	$1,082,315
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	−12,664	9	$1,427
TTWO	Take Two Interactive Software Inc	−10,365	2,725	$681,195
ABT	Abbott Laboratories	−9,800	2,200	$199,628
AMT	American Tower Corp	−9,089	4,836	$791,024
DLR	Digital Realty Trust, Inc.	−8,357	3,416	$613,445
GOOG	Alphabet Inc.	−7,945	9,868	$3,486,660
AVGO	Broadcom Inc.	−7,353	5,760	$2,175,840
BA	Boeing Co	−6,732	4,423	$957,446
TLT	iShares 20+ Year Treasury Bond ETF	−5,703	66	$5,703
MDT	Medtronic plc	−5,637	803	$62,818
AMAT	Applied Materials Inc	−5,000	492	$355,716
SPY	Spdr S&P 500 ETF Trust	−4,495	3,364	$2,512,134
MSFT	Microsoft Corp	−3,997	6,845	$2,553,321
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
CME	Cme Group Inc.	3,564	$787,038
LDOS	Leidos Holdings, Inc.	7,438	$765,890
ECL	Ecolab Inc.	2,314	$644,703
SPGI	S&P Global Inc.	1,462	$595,414
GOOGN	Alphabet Inc.	5,950	$299,285
BSX	Boston Scientific Corp	2,650	$113,102
MDLN	Medline Inc.	2,250	$88,740
FDXF	FedEx Freight Holding Company, Inc.	425	$64,175
FBTC	Fidelity Wise Origin Bitcoin Fund	785	$40,074
CLX	Clorox Co	400	$38,176
SPCX	Space Exploration Technologies Corp	155	$26,483
CBRS	Cerebras Systems Inc.	100	$22,100
NRG	Nrg Energy, Inc.	100	$14,606
HONA	Honeywell Aerospace Inc.	14	$3,095
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
PANW	Palo Alto Networks Inc	16,125	$2,585,160
SNOW	Snowflake Inc.	12,539	$1,891,131
DT	Dynatrace, Inc.	45,000	$1,664,100
UPS	United Parcel Service Inc	10,001	$983,898
NOC	Northrop Grumman Corp	1,000	$682,240
EEM	iShares MSCI Emerging Markets ETF	10,418	$591,638
WY	Weyerhaeuser Co	21,536	$526,124
TIP	iShares TIPS Bond ETF	4,633	$511,297
ELV	Elevance Health, Inc.	122	$35,715
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

179 tracked positions · $136,879,209 total · filing declares 179 positions · $136,879,007 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 179 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IVV	iShares Core S&P 500 ETF	Reduced	18,266	-175	$13,679,224	+13.6%	12	before history	9.99%
IEF	iShares 7-10 Year Treasury Bond ETF	Added	141,033	+52,553	$13,337,490	+57.9%	12	before history	9.74%
SHY	iShares 1-3 Year Treasury Bond ETF	Added	153,197	+74,149	$12,579,005	+92.7%	12	before history	9.19%
USMV	iShares MSCI USA Min Vol Factor ETF	Added	113,288	+82,934	$10,927,760	+288.2%	12	before history	7.98%
		Added	167,585	+111,824	$9,411,573	+218.4%	12	before history	6.88%
QUAL	iShares MSCI USA Quality Factor ETF	Added	38,180	+29,639	$8,377,837	+411.4%	12	before history	6.12%
AAPL	Apple Inc. Technology	Added	28,793	+13	$8,331,542	+14.1%	12	before history	6.09%
IJR	iShares Core S&P Small-Cap ETF	Added	32,925	+579	$4,883,106	+21.4%	12	before history	3.57%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	61,492	-2,804	$4,741,648	+9.2%	12	before history	3.46%
GOOG	Alphabet Inc. Communication Services	Reduced	9,868	-7,945	$3,486,660	−31.8%	12	before history	2.55%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Reduced	26,416	-31,499	$2,881,193	−54.4%	12	before history	2.10%
JPM	Jpmorgan Chase & Co Financial Services	Added	7,806	+54	$2,555,137	+12.1%	12	before history	1.87%
MSFT	Microsoft Corp Technology	Reduced	6,845	-3,997	$2,553,321	−36.4%	12	before history	1.87%
SPY	Spdr S&P 500 ETF Trust	Reduced	3,364	-4,495	$2,512,134	−50.8%	12	before history	1.84%
IEUR	iShares Core MSCI Europe ETF	Reduced	29,559	-876	$2,221,950	+3.9%	12	before history	1.62%
AVGO	Broadcom Inc. Technology	Reduced	5,760	-7,353	$2,175,840	−46.4%	12	before history	1.59%
INTC	Intel Corp Technology	Reduced	14,000	-1,000	$1,954,820	+195.3%	12	before history	1.43%
ACWX	iShares MSCI ACWI ex U.S. ETF	Reduced	22,434	-17,670	$1,707,451	−37.8%	12	before history	1.25%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	2,210	-2,772	$1,108,005	−54.8%	12	before history	0.81%
QCOM	Qualcomm Inc Technology	Reduced	5,857	-12,924	$1,082,315	−55.3%	12	before history	0.79%
PLD	Prologis, Inc. Real Estate	Reduced	7,881	-19,988	$1,067,639	−71.0%	12	before history	0.78%
AMZN	Amazon Com Inc Consumer Cyclical	Held	4,215	0	$1,004,603	+14.4%	12	before history	0.73%
BA	Boeing Co Industrials	Reduced	4,423	-6,732	$957,446	−56.9%	12	before history	0.70%
ANET	Arista Networks, Inc. Technology	Reduced	5,590	-15,675	$949,629	−63.6%	6	$97.08	0.69%
CVX	Chevron Corp Energy	Added	5,357	+61	$887,976	−19.0%	12	before history	0.65%
CEG	Constellation Energy Corp Utilities	Reduced	3,366	-2,634	$836,013	−50.1%	2	$303.90	0.61%
VLUE	iShares MSCI USA Value Factor ETF	Reduced	4,164	-52,571	$832,008	−89.7%	12	before history	0.61%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	12,664	-39,509	$796,438	−74.0%	12	before history	0.58%
AMT	American Tower Corp Real Estate	Reduced	4,836	-9,089	$791,024	−67.1%	12	before history	0.58%
GOOGL	Alphabet Inc. Communication Services	Added	2,209	+1	$789,430	+24.3%	12	before history	0.58%
CME	Cme Group Inc. Financial Services	NEW	3,564	NEW	$787,038	NEW	1	$276.63	0.57%
LDOS	Leidos Holdings, Inc. Technology	NEW	7,438	NEW	$765,890	NEW	1	$132.78	0.56%
TTWO	Take Two Interactive Software Inc Communication Services	Reduced	2,725	-10,365	$681,195	−73.7%	4	$221.67	0.50%
ECL	Ecolab Inc. Basic Materials	NEW	2,314	NEW	$644,703	NEW	1	$263.37	0.47%
SYK	Stryker Corp Healthcare	Reduced	1,991	-9	$626,846	−4.6%	2	$359.03	0.46%
DLR	Digital Realty Trust, Inc. Real Estate	Reduced	3,416	-8,357	$613,445	−71.1%	3	$164.21	0.45%
QQQ	Invesco Qqq Trust, Series 1	Held	818	0	$602,375	+27.6%	12	before history	0.44%
SPGI	S&P Global Inc. Financial Services	NEW	1,462	NEW	$595,414	NEW	1	unpriced	0.43%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	1,219	+2	$582,157	+41.5%	12	before history	0.43%
LMT	Lockheed Martin Corp Industrials	Added	1,048	+1	$533,914	−15.6%	12	before history	0.39%
BLK	BlackRock, Inc. Financial Services	Added	552	+28	$530,781	+5.3%	7	$1,021.69	0.39%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	1,012	0	$506,394	+4.4%	12	before history	0.37%
V	Visa Inc. Financial Services	Added	1,424	+201	$488,560	+32.2%	12	before history	0.36%
ORCL	Oracle Corp Technology	Reduced	3,200	-13,711	$468,960	−81.1%	6	$179.64	0.34%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	1,252	+3	$463,290	+15.6%	8	unpriced	0.34%
COST	Costco Wholesale Corp Consumer Defensive	Held	392	0	$366,704	−6.1%	12	before history	0.27%
AMAT	Applied Materials Inc Technology	Reduced	492	-5,000	$355,716	−81.0%	12	before history	0.26%
RTX	RTX Corp Industrials	Reduced	1,839	-2,876	$348,913	−61.6%	12	before history	0.25%
TER	Teradyne, Inc Technology	Added	685	+1	$331,430	+63.4%	4	$109.64	0.24%
BAC	Bank Of America Corp Financial Services	Added	5,436	+7	$309,743	+17.0%	12	before history	0.23%

Showing the top 50 of 179 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.