Cynosure Group, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Cynosure Group, LLC reported 375 stock positions worth $725.7 million. Its top holding was iShares 0-3 Month Treasury B (SGOV) at 8.6% of the portfolio, followed by iShares 0-1 Year Treasury Bo (SHV, 8.5%) and SS SPDR S&P 500 ETF Trust-US (SPY, 7.6%). Compared with Q4 2024, it opened 22 new positions, sold out of 14, added to 263 and reduced 55. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +147%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- Salt Lake City, UT
- CIK
- 0001763409
- Portfolio Value
- $725.7M (Q1 2025)
- SEC Filing
- 0001172661-25-001652 ↗ filed May 12, 2025
Holdings Value
Holdings 375 stocks · $725.7M
| SGOV iShares 0-3 Month Treasury B | 8.62% | 621,184 | $62.5M | Add +147.3% |
| SHV iShares 0-1 Year Treasury Bo | 8.52% | 559,842 | $61.8M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 7.55% | 98,002 | $54.8M | Add +2.6% |
| IWF iShares Russell 1000 Growth | 6.48% | 130,203 | $47.0M | Reduce -0.5% |
| VOO Vanguard S&P 500 ETF | 4.03% | 56,875 | $29.2M | Add +49.6% |
| IVV iShares Core S&P 500 ETF | 3.32% | 42,871 | $24.1M | Reduce -11.2% |
| VONG Vanguard Russell 1000 Growth | 3.18% | 248,869 | $23.1M | New |
| ICSH iShares Ultra Short Duration | 3.07% | 439,492 | $22.3M | Reduce -1.4% |
| JPST JPMorgan Ultra-Short Income | 2.66% | 380,835 | $19.3M | No change |
| ITOT iShares Core S&P Total U.S. | 2.62% | 155,835 | $19.0M | Reduce -15.5% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.60% | 369,061 | $18.8M | Add +12.7% |
| UNP Union Pacific Corp. | 2.09% | 64,304 | $15.2M | Add +0.0% |
| GLD SPDR Gold Shares | 1.86% | 46,945 | $13.5M | Add +4.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.71% | 49,993 | $12.4M | New |
| AGG iShares Core U.S. Aggregate | 1.51% | 110,567 | $10.9M | Add +12.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.39% | 45,349 | $10.1M | Add +33.7% |
| GE General Electric filed as GE AEROSPACE | 1.35% | 48,954 | $9.8M | Reduce -31.0% |
| QUAL iShares MSCI USA Quality Fac | 1.09% | 46,314 | $7.9M | Reduce -2.9% |
| SRLN SS Blackstone Sr Loan ETF | 0.99% | 174,808 | $7.2M | Add +42.6% |
| JAAA Janus Henderson Aaa Clo ETF | 0.99% | 141,247 | $7.2M | Add +6.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.97% | 15,029 | $7.0M | Reduce -56.9% |
| WDAY Workday Inc. Class A | 0.77% | 23,845 | $5.6M | Add +5.5% |
| SPHB Invesco S&P 500 High Beta Et | 0.69% | 63,552 | $5.0M | New |
| KVYO Klaviyo Inc. Class A | 0.59% | 141,884 | $4.3M | Reduce -27.1% |
| SCHX Schwab US Large-Cap ETF | 0.57% | 186,508 | $4.1M | Add +0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.54% | 14,371 | $3.9M | No change |
| JPM JPMorgan Chase & Co. | 0.52% | 15,283 | $3.7M | Add +3.2% |
| GEV GE Vernova Inc. | 0.51% | 12,198 | $3.7M | Reduce -31.1% |
| WFC Wells Fargo & Co. | 0.51% | 51,198 | $3.7M | Reduce -50.0% |
| MSFT Microsoft Corp. | 0.47% | 9,110 | $3.4M | Reduce -8.6% |
| USMV iShares MSCI USA Min Vol Fac | 0.47% | 36,192 | $3.4M | Add +0.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.42% | 40,224 | $3.0M | Add +6.9% |
| REM iShares Mortgage Real Estate | 0.40% | 128,263 | $2.9M | Add +29.3% |
| GTM Zoominfo Technologies Inc. | 0.39% | 280,843 | $2.8M | No change |
| TRNS Transcat Inc. | 0.38% | 37,493 | $2.8M | Add +583.4% |
| BIZD Vaneck BDC Income ETF | 0.35% | 153,232 | $2.6M | Add +29.0% |
| TTEK Tetra Tech Inc. | 0.35% | 85,779 | $2.5M | Add +1080.4% |
| WST West Pharmaceutical Services | 0.33% | 10,625 | $2.4M | Add +902.4% |
| ROOT Root Inc./Oh Class A | 0.32% | 17,303 | $2.3M | New |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.28% | 37,455 | $2.0M | New |
| AMZN Amazon.com Inc. | 0.28% | 10,583 | $2.0M | Reduce -18.9% |
| VEA Vanguard Ftse Developed ETF | 0.27% | 38,284 | $1.9M | Reduce -1.3% |
| VXUS Vanguard Total Intl Stock | 0.26% | 30,626 | $1.9M | Add +13.5% |
| NVDA Nvidia Corp. | 0.26% | 17,105 | $1.9M | Reduce -3.0% |
| AAPL Apple Inc. | 0.25% | 8,115 | $1.8M | Reduce -16.5% |
| TPL Texas Pacific Land Corp. | 0.25% | 1,348 | $1.8M | Reduce -0.5% |
| AAON Aaon Inc. | 0.24% | 22,707 | $1.8M | Add +334.7% |
| DECK Deckers Outdoor Corp. | 0.24% | 15,256 | $1.7M | Add +419.3% |
| ELF Elf Beauty Inc. | 0.23% | 26,677 | $1.7M | Add +498.7% |
| USLM United States Lime & Mineral | 0.23% | 18,873 | $1.7M | New |
| GEHC GE Healthcare Technology | 0.23% | 20,645 | $1.7M | Reduce -36.2% |
| NSSC Napco Security Technologies | 0.23% | 71,587 | $1.6M | Add +344.9% |
| ADUS Addus Homecare Corp. | 0.20% | 14,415 | $1.4M | Add +491.3% |
| SCHF Schwab Intl Equity ETF | 0.19% | 70,827 | $1.4M | Add +3.9% |
| IT Gartner Inc. | 0.19% | 3,334 | $1.4M | Add +453.8% |
| AOA iShares Core 80/20 Aggressiv | 0.19% | 18,228 | $1.4M | No change |
| LLY Eli Lilly & Co. | 0.19% | 1,667 | $1.4M | Add +6.9% |
| FRPT Freshpet Inc. | 0.19% | 16,251 | $1.4M | Add +693.5% |
| AGYS Agilysys Inc. | 0.18% | 17,833 | $1.3M | Add +736.4% |
| VIG Vanguard Dividend Apprec ETF | 0.18% | 6,643 | $1.3M | No change |
| GBTC Grayscale Bitcoin Trust ETF | 0.18% | 19,665 | $1.3M | Add +24.0% |
| CAT Caterpillar Inc. | 0.18% | 3,872 | $1.3M | Add +15.5% |
| IJH iShares Core S&P Midcap ETF | 0.17% | 21,633 | $1.3M | Reduce -68.2% |
| COOP Mr Cooper Group Inc. | 0.17% | 10,037 | $1.2M | Add +62.8% |
| COIN Coinbase Global Inc. Class A | 0.16% | 6,846 | $1.2M | No change |
| NFLX Netflix Inc. | 0.16% | 1,250 | $1.2M | Add +41.4% |
| TRGP Targa Resources Corp. | 0.16% | 5,770 | $1.2M | Add +67.1% |
| HES Hess Corp. | 0.16% | 7,142 | $1.1M | Add +0.7% |
| SCHA Schwab US Small-Cap ETF | 0.16% | 48,223 | $1.1M | Add +0.2% |
| SCHD Schwab US DVD Equity ETF | 0.15% | 40,151 | $1.1M | Reduce -59.7% |
| GOOGL Alphabet Inc. Class A | 0.15% | 7,187 | $1.1M | Add +0.0% |
| MPC Marathon Petroleum Corp. | 0.15% | 7,624 | $1.1M | Add +11.3% |
| CHRD Chord Energy Corp. | 0.15% | 9,761 | $1.1M | Add +19.8% |
| ENPH Enphase Energy Inc. | 0.15% | 17,540 | $1.1M | Add +38.2% |
| PGR Progressive Corp. | 0.15% | 3,759 | $1.1M | Reduce -4.5% |
| FCNCA First Citizens Bcshs Class A | 0.15% | 568 | $1.1M | Add +32.1% |
| GLOB Globant SA | 0.14% | 8,631 | $1.0M | New |
| ARES Ares Management Corp. Class A | 0.14% | 6,873 | $1.0M | Add +33.7% |
| WFRD Weatherford International PL | 0.14% | 18,633 | $998K | Add +38.2% |
| BSCP Invesco Bulletshares 2025 CB | 0.14% | 47,578 | $984K | No change |
| PSP Invesco Global Listed Privat | 0.13% | 15,109 | $968K | Add +27.8% |
| BSCQ Invesco Bulletshares 2026 CB | 0.13% | 48,108 | $937K | No change |
| CELH Celsius Holdings Inc. | 0.13% | 26,155 | $932K | Add +24.2% |
| HOOD Robinhood Markets Inc. Class A | 0.13% | 22,326 | $929K | No change |
| BSCR Invesco Bulletshares 2027 CB | 0.12% | 45,719 | $896K | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.12% | 14,249 | $864K | No change |
| SCHW Schwab (charles) Corp. | 0.12% | 11,024 | $863K | Add +0.3% |
| BSCS Invesco Bulletshares 2028 CB | 0.12% | 41,794 | $851K | No change |
| SCHG Schwab US Large-Cap Growth | 0.12% | 33,851 | $848K | Add +0.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.11% | 2,159 | $800K | No change |
| KNSL Kinsale Capital Group Inc. | 0.11% | 1,639 | $798K | Add +21.5% |
| IWR iShares Russell Mid-Cap ETF | 0.11% | 9,298 | $791K | Reduce -7.3% |
| SCHM Schwab US Mid Cap ETF | 0.11% | 29,407 | $770K | Add +0.3% |
| SFM Sprouts Farmers Market Inc. | 0.11% | 5,040 | $769K | Add +104.4% |
| SPGI S&P Global Inc. | 0.11% | 1,513 | $769K | Add +6.5% |
| CBZ Cbiz Inc. | 0.10% | 9,729 | $738K | Add +30.0% |
| AXON Axon Enterprise Inc. | 0.10% | 1,403 | $738K | Add +57.1% |
| MUSA Murphy USA Inc. | 0.10% | 1,564 | $735K | Add +42.0% |
| IXN iShares Global Tech ETF | 0.10% | 9,611 | $728K | Reduce -50.0% |
| TMO Thermo Fisher Scientific Inc. | 0.10% | 1,457 | $725K | Reduce -69.6% |
Portfolio Sells Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | Reduce -56.9% | 0.97% | −1.69 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −1.61 |
| IWF iShares Russell 1000 Growth | Reduce -0.5% | 6.48% | −1.37 |
| IVV iShares Core S&P 500 ETF | Reduce -11.2% | 3.32% | −0.93 |
| ITOT iShares Core S&P Total U.S. | Reduce -15.5% | 2.62% | −0.92 |
| KVYO Klaviyo Inc. Class A | Reduce -27.1% | 0.59% | −0.61 |
| WFC Wells Fargo & Co. | Reduce -50.0% | 0.51% | −0.57 |
| IJH iShares Core S&P Midcap ETF | Reduce -68.2% | 0.17% | −0.46 |
| GE General Electric | Reduce -31.0% | 1.35% | −0.42 |
| GEV GE Vernova Inc. | Reduce -31.1% | 0.51% | −0.36 |
| ICLR Icon PLC | Sold out | 0.00% | −0.32 |
| ICSH iShares Ultra Short Duration | Reduce -1.4% | 3.07% | −0.29 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.27 |
| DHR Danaher Corp. | Reduce -80.4% | 0.05% | −0.27 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.27 |
| TMO Thermo Fisher Scientific Inc. | Reduce -69.6% | 0.10% | −0.27 |
| CDW CDW Corp. | Reduce -82.8% | 0.05% | −0.27 |
| ELV Elevance Health Inc. | Reduce -85.1% | 0.05% | −0.26 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.26 |
| MPWR Monolithic Power Systems Inc. | Reduce -81.8% | 0.05% | −0.25 |
| SCHD Schwab US DVD Equity ETF | Reduce -59.7% | 0.15% | −0.25 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -63.3% | 0.09% | −0.25 |
| FDN First Trust DJ Internet Ind | Sold out | 0.00% | −0.24 |
| QUAL iShares MSCI USA Quality Fac | Reduce -2.9% | 1.09% | −0.18 |
| TSLA Tesla Inc. | Reduce -58.4% | 0.06% | −0.17 |
| MSFT Microsoft Corp. | Reduce -8.6% | 0.47% | −0.16 |
| AMZN Amazon.com Inc. | Reduce -18.9% | 0.28% | −0.15 |
| GEHC GE Healthcare Technology | Reduce -36.2% | 0.23% | −0.15 |
| LPG Dorian LPG Ltd. | Sold out | 0.00% | −0.14 |
| IXN iShares Global Tech ETF | Reduce -50.0% | 0.10% | −0.14 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.14 |
| AAPL Apple Inc. | Reduce -16.5% | 0.25% | −0.12 |
| NVDA Nvidia Corp. | Reduce -3.0% | 0.26% | −0.10 |
| DHI D.R. Horton Inc. | Reduce -56.8% | 0.05% | −0.09 |
| UFPT Ufp Technologies Inc. | Reduce -34.8% | 0.09% | −0.09 |
| CR Crane Co. | Reduce -62.2% | 0.05% | −0.09 |
| CTAS Cintas Corp. | Reduce -65.9% | 0.05% | −0.09 |
| CACI Caci International Inc. Class A | Reduce -55.9% | 0.05% | −0.08 |
| IIPR Innovative Industrial Proper | Reduce -59.4% | 0.04% | −0.08 |
| HCA HCA Healthcare Inc. | Reduce -61.2% | 0.05% | −0.08 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.05 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.05 |
| ACGL Arch Capital Group Ltd. | Sold out | 0.00% | −0.05 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.04 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.04 |
| SMCI Super Micro Computer Inc. | Reduce -54.4% | 0.04% | −0.04 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -17.4% | 0.08% | −0.03 |
| IWR iShares Russell Mid-Cap ETF | Reduce -7.3% | 0.11% | −0.02 |
| ACN Accenture PLC Class A | Reduce -6.0% | 0.05% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| SGOV iShares 0-3 Month Treasury B | Add +147.3% | 8.62% | +4.88 |
| VONG Vanguard Russell 1000 Growth | New | 3.18% | +3.18 |
| IBM Intl Business Machines Corp. | New | 1.71% | +1.71 |
| VOO Vanguard S&P 500 ETF | Add +49.6% | 4.03% | +0.96 |
| SPHB Invesco S&P 500 High Beta Et | New | 0.69% | +0.69 |
| ROOT Root Inc./Oh Class A | New | 0.32% | +0.32 |
| TTEK Tetra Tech Inc. | Add +1080.4% | 0.35% | +0.30 |
| TRNS Transcat Inc. | Add +583.4% | 0.38% | +0.30 |
| TTD Trade Desk Inc./the Class A | New | 0.28% | +0.28 |
| WST West Pharmaceutical Services | Add +902.4% | 0.33% | +0.28 |
| GLD SPDR Gold Shares | Add +4.0% | 1.86% | +0.23 |
| USLM United States Lime & Mineral | New | 0.23% | +0.23 |
| SRLN SS Blackstone Sr Loan ETF | Add +42.6% | 0.99% | +0.23 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +33.7% | 1.39% | +0.17 |
| AAON Aaon Inc. | Add +334.7% | 0.24% | +0.15 |
| ADUS Addus Homecare Corp. | Add +491.3% | 0.20% | +0.15 |
| IT Gartner Inc. | Add +453.8% | 0.19% | +0.15 |
| ELF Elf Beauty Inc. | Add +498.7% | 0.23% | +0.15 |
| DECK Deckers Outdoor Corp. | Add +419.3% | 0.24% | +0.15 |
| NSSC Napco Security Technologies | Add +344.9% | 0.23% | +0.14 |
| FRPT Freshpet Inc. | Add +693.5% | 0.19% | +0.14 |
| GLOB Globant SA | New | 0.14% | +0.14 |
| AGYS Agilysys Inc. | Add +736.4% | 0.18% | +0.14 |
| VST Vistra Corp. | New | 0.10% | +0.10 |
| CRS Carpenter Technology | New | 0.09% | +0.09 |
| LMB Limbach Holdings Inc. | New | 0.09% | +0.09 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +12.7% | 2.60% | +0.09 |
| AGG iShares Core U.S. Aggregate | Add +12.4% | 1.51% | +0.08 |
| REM iShares Mortgage Real Estate | Add +29.3% | 0.40% | +0.08 |
| COOP Mr Cooper Group Inc. | Add +62.8% | 0.17% | +0.08 |
| TRGP Targa Resources Corp. | Add +67.1% | 0.16% | +0.07 |
| SFM Sprouts Farmers Market Inc. | Add +104.4% | 0.11% | +0.06 |
| BIZD Vaneck BDC Income ETF | Add +29.0% | 0.35% | +0.06 |
| TKO Tko Group Holdings Inc. | Add +123.2% | 0.10% | +0.05 |
| HWM Howmet Aerospace Inc. | Add +95.6% | 0.10% | +0.05 |
| CNR Core Natural Resources Inc. | New | 0.05% | +0.05 |
| ROAD Construction Partners Inc. Class A | New | 0.05% | +0.05 |
| GPI Group 1 Automotive Inc. | Add +159.5% | 0.09% | +0.05 |
| ENVA Enova International Inc. | Add +126.2% | 0.09% | +0.05 |
| FLR Fluor Corp. | New | 0.05% | +0.05 |
| SE Sea Ltd.-ADR | New | 0.05% | +0.05 |
| APP AppLovin Corp. Class A | New | 0.05% | +0.05 |
| CLS Celestica Inc. | New | 0.05% | +0.05 |
| VCTR Victory Capital Holding - A | New | 0.05% | +0.05 |
| CELH Celsius Holdings Inc. | Add +24.2% | 0.13% | +0.05 |
| UTI Universal Technical Institut | New | 0.04% | +0.04 |
| CLMB Climb Global Solutions Inc. | New | 0.04% | +0.04 |
| SNEX Stonex Group Inc. | Add +79.8% | 0.09% | +0.04 |
| BBW Build-A-Bear Workshop Inc. | New | 0.04% | +0.04 |
| NFLX Netflix Inc. | Add +41.4% | 0.16% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 180 | $665.5M | SGOV, SPY, IWF, SHV, VONG |
| Q1 2026 | 198 | $800.3M | SGOV, SPY, SHV, IWF, VOO |
| Q4 2025 | 399 | $983.1M | SGOV, SPY, SHV, IWF, GEHC |
| Q3 2025Amended | 371 | $920.7M | SGOV, SPY, SHV, IWF, VOO |
| Q2 2025 | 377 | $882.8M | SGOV, SHV, SPY, IWF, VOO |
| Q1 2025 | 375 | $725.7M | SGOV, SHV, SPY, IWF, VOO |
| Q4 2024 | 367 | $669.3M | SHV, SPY, IWF, IVV, SGOV |
| Q3 2024 | 370 | $686.1M | SHV, SPY, IWF, IVV, ITOT |
| Q2 2024 | 334 | $623.1M | SHV, SPY, IWF, IVV, ICSH |
| Q1 2024 | 313 | $556.9M | SHV, SPY, IWF, ICSH, IVV |