Cynosure Group, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Cynosure Group, LLC reported 371 stock positions worth $920.7 million. Its top holding was iShares 0-3 Month Treasury B (SGOV) at 13.8% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 7.1%) and iShares 0-1 Year Treasury Bo (SHV, 6.7%). Compared with Q2 2025, it opened 17 new positions, sold out of 23, added to 36 and reduced 70. The biggest buy was a new position in Black Rock Coffee Bar Class A (BRCB) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Salt Lake City, UT
- CIK
- 0001763409
- Portfolio Value
- $920.7M (Q3 2025)
- SEC Filing
- 0001172661-25-004766 ↗ filed Nov 13, 2025
Holdings Value
Holdings 371 stocks · $920.7M
| SGOV iShares 0-3 Month Treasury B | 13.79% | 1,261,219 | $127.0M | Add +6.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 7.13% | 98,568 | $65.7M | Add +0.5% |
| SHV iShares 0-1 Year Treasury Bo | 6.71% | 558,882 | $61.8M | Reduce -0.2% |
| IWF iShares Russell 1000 Growth | 6.48% | 127,354 | $59.7M | Reduce -2.2% |
| VOO Vanguard S&P 500 ETF | 4.33% | 65,084 | $39.9M | Add +13.4% |
| VONG Vanguard Russell 1000 Growth | 3.34% | 255,338 | $30.8M | Add +0.4% |
| QQQ Invesco QQQ Trust Series 1 | 2.96% | 45,417 | $27.3M | Add +8.9% |
| IVV iShares Core S&P 500 ETF | 2.88% | 39,599 | $26.5M | Reduce -11.6% |
| ICSH iShares Ultra Short Duration | 2.42% | 438,824 | $22.3M | Reduce -1.9% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.26% | 375,486 | $20.8M | Add +1.4% |
| ITOT iShares Core S&P Total U.S. | 2.16% | 136,369 | $19.9M | Reduce -9.4% |
| JPST JPMorgan Ultra-Short Income | 2.00% | 362,335 | $18.4M | Reduce -4.8% |
| GLD SPDR Gold Shares | 1.81% | 46,945 | $16.7M | No change |
| GE General Electric filed as GE AEROSPACE | 1.78% | 54,428 | $16.4M | Reduce -12.3% |
| UNP Union Pacific Corp. | 1.65% | 64,315 | $15.2M | Add +0.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.53% | 49,993 | $14.1M | Reduce -0.0% |
| AGG iShares Core U.S. Aggregate | 1.42% | 130,301 | $13.1M | Add +8.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.32% | 47,926 | $12.2M | Add +7.1% |
| COIN Coinbase Global Inc. Class A | 1.13% | 30,813 | $10.4M | Reduce 0.0% |
| JAAA Janus Henderson Aaa Clo ETF | 1.05% | 189,981 | $9.6M | Add +92.5% |
| QUAL iShares MSCI USA Quality Fac | 0.98% | 46,537 | $9.1M | Add +0.1% |
| MSFT Microsoft Corp. | 0.97% | 17,233 | $8.9M | Add +89.2% |
| GEV GE Vernova Inc. | 0.88% | 13,166 | $8.1M | No change |
| BRCB Black Rock Coffee Bar Inc. Class A | 0.82% | 316,012 | $7.5M | New |
| SCHX Schwab US Large-Cap ETF | 0.78% | 272,968 | $7.2M | Add +45.9% |
| WDAY Workday Inc. Class A | 0.66% | 25,095 | $6.0M | Add +2.5% |
| SRLN SS Blackstone Sr Loan ETF | 0.58% | 129,326 | $5.4M | Add +8.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.47% | 13,278 | $4.4M | Reduce -2.5% |
| WFC Wells Fargo & Co. | 0.47% | 51,198 | $4.3M | No change |
| AMZN Amazon.com Inc. | 0.45% | 18,903 | $4.2M | Add +76.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.44% | 42,424 | $4.0M | Add +16.8% |
| JPM JPMorgan Chase & Co. | 0.44% | 12,702 | $4.0M | Reduce -19.1% |
| KVYO Klaviyo Inc. Class A | 0.43% | 141,884 | $3.9M | No change |
| VXUS Vanguard Total Intl Stock | 0.42% | 52,510 | $3.9M | Add +63.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.38% | 40,380 | $3.5M | No change |
| HOOD Robinhood Markets Inc. Class A | 0.35% | 22,326 | $3.2M | No change |
| GTM Zoominfo Technologies Inc. | 0.33% | 280,843 | $3.1M | No change |
| REM iShares Mortgage Real Estate | 0.32% | 134,969 | $3.0M | Reduce -16.4% |
| SCHA Schwab US Small-Cap ETF | 0.32% | 104,950 | $2.9M | Add +52.9% |
| CAT Caterpillar Inc. | 0.31% | 6,073 | $2.9M | Reduce -39.1% |
| SPOT Spotify Technology SA | 0.31% | 4,100 | $2.9M | New |
| BIZD Vaneck BDC Income ETF | 0.28% | 173,159 | $2.6M | Add +10.7% |
| NVDA Nvidia Corp. | 0.28% | 13,750 | $2.6M | Reduce -18.4% |
| AAPL Apple Inc. | 0.24% | 8,789 | $2.2M | Reduce -1.1% |
| VEA Vanguard Ftse Developed ETF | 0.23% | 35,044 | $2.1M | Add +3.8% |
| GBTC Grayscale Bitcoin Trust ETF | 0.20% | 20,079 | $1.8M | No change |
| GOOGL Alphabet Inc. Class A | 0.19% | 7,189 | $1.7M | Add +0.0% |
| SCHF Schwab Intl Equity ETF | 0.18% | 71,193 | $1.7M | No change |
| AOA iShares Core 80/20 Aggressiv | 0.17% | 18,228 | $1.6M | No change |
| SCHG Schwab US Large-Cap Growth | 0.17% | 49,816 | $1.6M | Add +48.1% |
| ROOT Root Inc./Oh Class A | 0.17% | 17,389 | $1.6M | No change |
| GEHC GE Healthcare Technology | 0.17% | 20,645 | $1.6M | No change |
| NFLX Netflix Inc. | 0.16% | 1,250 | $1.5M | Reduce -1.2% |
| SCHM Schwab US Mid Cap ETF | 0.16% | 50,054 | $1.5M | Add +69.7% |
| BND Vanguard Total Bond Market | 0.16% | 19,326 | $1.4M | New |
| PSP Invesco Global Listed Privat | 0.15% | 19,403 | $1.3M | Add +11.4% |
| V Visa Inc. Class A | 0.14% | 3,784 | $1.3M | Reduce -50.0% |
| DDS Dillards Inc. Class A | 0.14% | 2,049 | $1.3M | No change |
| VCIT Vanguard Int-Term Corporate | 0.14% | 14,876 | $1.3M | New |
| BR Broadridge Financial Solutio | 0.14% | 5,252 | $1.3M | Reduce -51.6% |
| SNOW Snowflake Inc. | 0.14% | 5,511 | $1.2M | Reduce -0.0% |
| KEYS Keysight Technologies Inc. | 0.13% | 6,621 | $1.2M | Reduce -51.2% |
| TMO Thermo Fisher Scientific Inc. | 0.12% | 2,341 | $1.1M | Reduce -69.3% |
| CYBR Cyberark Software Ltd./Israel | 0.12% | 2,307 | $1.1M | No change |
| USLM United States Lime & Mineral | 0.12% | 8,448 | $1.1M | No change |
| SCHD Schwab US DVD Equity ETF | 0.12% | 40,266 | $1.1M | Add +0.1% |
| PGR Progressive Corp. | 0.12% | 4,340 | $1.1M | No change |
| TKO Tko Group Holdings Inc. | 0.12% | 5,262 | $1.1M | No change |
| SCHW Schwab (charles) Corp. | 0.12% | 11,090 | $1.1M | Add +0.2% |
| KRYS Krystal Biotech Inc. | 0.11% | 5,918 | $1.0M | No change |
| AAON Aaon Inc. | 0.11% | 11,179 | $1.0M | No change |
| LLY Eli Lilly & Co. | 0.11% | 1,361 | $1.0M | Reduce -33.1% |
| HWM Howmet Aerospace Inc. | 0.11% | 5,061 | $993K | No change |
| IXN iShares Global Tech ETF | 0.11% | 9,611 | $992K | No change |
| DKS Dick's Sporting Goods Inc. | 0.11% | 4,461 | $991K | No change |
| AHR American Healthcare REIT Inc. | 0.11% | 23,202 | $975K | No change |
| ENVA Enova International Inc. | 0.11% | 8,439 | $971K | No change |
| NET Cloudflare Inc. Class A | 0.10% | 4,494 | $964K | No change |
| PFSI Pennymac Financial Services | 0.10% | 7,767 | $962K | No change |
| AXSM Axsome Therapeutics Inc. | 0.10% | 7,844 | $953K | No change |
| ETN Eaton Corp. PLC | 0.10% | 2,497 | $935K | Reduce -0.8% |
| ENSG The Ensign Group Inc. | 0.10% | 5,331 | $921K | No change |
| GPI Group 1 Automotive Inc. | 0.09% | 1,987 | $869K | Reduce -0.1% |
| CHRD Chord Energy Corp. | 0.09% | 8,737 | $868K | No change |
| BSCS Invesco Bulletshares 2028 CB | 0.09% | 41,794 | $860K | No change |
| SNEX Stonex Group Inc. | 0.09% | 8,411 | $849K | Reduce -0.1% |
| SAIA Saia Inc. | 0.09% | 2,780 | $832K | No change |
| PRI Primerica Inc. | 0.09% | 2,982 | $828K | Reduce -0.0% |
| META Meta Platforms Inc. Class A | 0.09% | 1,125 | $826K | Add +3.8% |
| TSLA Tesla Inc. | 0.09% | 1,854 | $824K | Reduce -0.8% |
| MCO Moody's Corp. | 0.09% | 1,720 | $820K | Reduce -61.2% |
| CPRT Copart Inc. | 0.09% | 17,734 | $797K | Reduce -50.6% |
| BSCR Invesco Bulletshares 2027 CB | 0.08% | 39,123 | $771K | Reduce -14.4% |
| ANET Arista Networks Inc. | 0.08% | 5,268 | $768K | No change |
| AVGO Broadcom Inc. | 0.08% | 2,285 | $754K | Reduce -1.2% |
| NOW ServiceNow Inc. | 0.08% | 817 | $752K | No change |
| APP AppLovin Corp. Class A | 0.08% | 1,043 | $749K | No change |
| IJH iShares Core S&P Midcap ETF | 0.08% | 11,282 | $736K | Reduce -47.6% |
| AXON Axon Enterprise Inc. | 0.08% | 1,021 | $733K | No change |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.08% | 2,323 | $720K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| SHV iShares 0-1 Year Treasury Bo | Reduce -0.2% | 6.71% | −0.30 |
| CHDN Churchill Downs Inc. | Reduce -84.4% | 0.05% | −0.28 |
| IVV iShares Core S&P 500 ETF | Reduce -11.6% | 2.88% | −0.27 |
| UNH Unitedhealth Group Inc. | Reduce -83.6% | 0.06% | −0.27 |
| TMO Thermo Fisher Scientific Inc. | Reduce -69.3% | 0.12% | −0.23 |
| FDN First Trust DJ Internet Ind | Sold out | 0.00% | −0.20 |
| JPST JPMorgan Ultra-Short Income | Reduce -4.8% | 2.00% | −0.19 |
| TPL Texas Pacific Land Corp. | Reduce -72.7% | 0.05% | −0.18 |
| V Visa Inc. Class A | Reduce -50.0% | 0.14% | −0.16 |
| BR Broadridge Financial Solutio | Reduce -51.6% | 0.14% | −0.16 |
| MCO Moody's Corp. | Reduce -61.2% | 0.09% | −0.16 |
| ICSH iShares Ultra Short Duration | Reduce -1.9% | 2.42% | −0.15 |
| ITOT iShares Core S&P Total U.S. | Reduce -9.4% | 2.16% | −0.15 |
| HES Hess Corp. | Sold out | 0.00% | −0.14 |
| IT Gartner Inc. | Reduce -48.3% | 0.07% | −0.14 |
| IBM Intl Business Machines Corp. | Reduce -0.0% | 1.53% | −0.14 |
| KEYS Keysight Technologies Inc. | Reduce -51.2% | 0.13% | −0.13 |
| CAT Caterpillar Inc. | Reduce -39.1% | 0.31% | −0.12 |
| CPRT Copart Inc. | Reduce -50.6% | 0.09% | −0.11 |
| VST Vistra Corp. | Sold out | 0.00% | −0.11 |
| FIX Comfort Systems USA Inc. | Sold out | 0.00% | −0.11 |
| CHD Church & Dwight Co. Inc. | Reduce -61.2% | 0.05% | −0.11 |
| LMB Limbach Holdings Inc. | Sold out | 0.00% | −0.10 |
| STRL Sterling Infrastructure Inc. | Sold out | 0.00% | −0.10 |
| MTD Mettler-Toledo International | Reduce -60.8% | 0.06% | −0.10 |
| ROL Rollins Inc. | Reduce -60.8% | 0.06% | −0.10 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.10 |
| ARES Ares Management Corp. Class A | Reduce -62.6% | 0.05% | −0.10 |
| NDSN Nordson Corp. | Reduce -60.7% | 0.06% | −0.10 |
| COIN Coinbase Global Inc. Class A | Reduce 0.0% | 1.13% | −0.09 |
| FCNCA First Citizens Bcshs Class A | Reduce -59.5% | 0.05% | −0.09 |
| UFPT Ufp Technologies Inc. | Sold out | 0.00% | −0.09 |
| TRNS Transcat Inc. | Sold out | 0.00% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -19.1% | 0.44% | −0.08 |
| SITE Siteone Landscape Supply Inc. | Reduce -63.8% | 0.05% | −0.08 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.08 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.08 |
| DSGX The Descartes Systems Grp | Reduce -60.3% | 0.04% | −0.07 |
| IJH iShares Core S&P Midcap ETF | Reduce -47.6% | 0.08% | −0.07 |
| REM iShares Mortgage Real Estate | Reduce -16.4% | 0.32% | −0.07 |
| LLY Eli Lilly & Co. | Reduce -33.1% | 0.11% | −0.07 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.06 |
| EME Emcor Group Inc. | Sold out | 0.00% | −0.06 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -58.4% | 0.04% | −0.06 |
| SPXC SPX Technologies Inc. | Sold out | 0.00% | −0.06 |
| SPGI S&P Global Inc. | Reduce -50.5% | 0.04% | −0.06 |
| BELFA Bel Fuse Inc. Class A | Sold out | 0.00% | −0.05 |
| FIP Ftai Infrastructure Inc. | Sold out | 0.00% | −0.05 |
| PI Impinj Inc. | Sold out | 0.00% | −0.05 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| BRCB Black Rock Coffee Bar Inc. Class A | New | 0.82% | +0.82 |
| VOO Vanguard S&P 500 ETF | Add +13.4% | 4.33% | +0.64 |
| JAAA Janus Henderson Aaa Clo ETF | Add +92.5% | 1.05% | +0.48 |
| MSFT Microsoft Corp. | Add +89.2% | 0.97% | +0.46 |
| QQQ Invesco QQQ Trust Series 1 | Add +8.9% | 2.96% | +0.36 |
| SPOT Spotify Technology SA | New | 0.31% | +0.31 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.5% | 7.13% | +0.27 |
| SGOV iShares 0-3 Month Treasury B | Add +6.3% | 13.79% | +0.27 |
| SCHX Schwab US Large-Cap ETF | Add +45.9% | 0.78% | +0.26 |
| VONG Vanguard Russell 1000 Growth | Add +0.4% | 3.34% | +0.20 |
| AMZN Amazon.com Inc. | Add +76.9% | 0.45% | +0.19 |
| VXUS Vanguard Total Intl Stock | Add +63.5% | 0.42% | +0.17 |
| BND Vanguard Total Bond Market | New | 0.16% | +0.16 |
| VCIT Vanguard Int-Term Corporate | New | 0.14% | +0.14 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +7.1% | 1.32% | +0.12 |
| SCHA Schwab US Small-Cap ETF | Add +52.9% | 0.32% | +0.12 |
| VGIT Vanguard Intermediate-Term T | New | 0.07% | +0.07 |
| AGG iShares Core U.S. Aggregate | Add +8.6% | 1.42% | +0.07 |
| SCHM Schwab US Mid Cap ETF | Add +69.7% | 0.16% | +0.07 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.07% | +0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.06% | +0.06 |
| SHOP Shopify Inc. Class A | New | 0.06% | +0.06 |
| FTAI Ftai Aviation Ltd. | New | 0.06% | +0.06 |
| IAU iShares Gold Trust | New | 0.06% | +0.06 |
| SCHG Schwab US Large-Cap Growth | Add +48.1% | 0.17% | +0.06 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +1.4% | 2.26% | +0.06 |
| MLPX Global X MLP & Energy Infras | New | 0.06% | +0.06 |
| CVX Chevron Corp. | New | 0.06% | +0.06 |
| USMV iShares MSCI USA Min Vol Fac | Add +16.8% | 0.44% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +0.0% | 0.19% | +0.05 |
| SDY SS SPDR S&P Dividend ETF | New | 0.03% | +0.03 |
| DBO Invesco DB Oil Fund | New | 0.03% | +0.03 |
| VT Vanguard Tot World STK ETF | New | 0.03% | +0.03 |
| GOOG Alphabet Inc. Class C | New | 0.03% | +0.03 |
| SRLN SS Blackstone Sr Loan ETF | Add +8.7% | 0.58% | +0.02 |
| HD Home Depot Inc. | New | 0.02% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | Add +0.1% | 0.98% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +81.0% | 0.04% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +3.8% | 0.23% | +0.01 |
| PSP Invesco Global Listed Privat | Add +11.4% | 0.15% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +0.1% | 0.05% | +0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.3% | 0.05% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +0.3% | 0.08% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +0.2% | 0.12% | +0.00 |
| EFA iShares MSCI Eafe ETF | Add +0.1% | 0.06% | +0.00 |
| PDX PIMCO Dynamic Income Strat | Add +1.6% | 0.02% | −0.00 |
| META Meta Platforms Inc. Class A | Add +3.8% | 0.09% | −0.00 |
| SCHD Schwab US DVD Equity ETF | Add +0.1% | 0.12% | −0.00 |
| APO Apollo Global Management Inc. | Add +2.6% | 0.05% | −0.00 |
| BIZD Vaneck BDC Income ETF | Add +10.7% | 0.28% | −0.01 |
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 |