Syntax Research, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 31, 2026), Syntax Research, Inc. reported 177 stock positions worth $136.6 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 10.0% of the portfolio, followed by iShares 7-10 Year Treasury B (IEF, 9.8%) and iShares 1-3 Year Treasury Bo (SHY, 9.2%). Compared with Q1 2026, it opened 11 new positions, sold out of 9, added to 33 and reduced 41. The biggest buy was iShares MSCI USA Min Vol Fac (USMV, shares +273%) and the biggest sale iShares MSCI USA Value Facto (VLUE, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- BOCA RATON, FL
- CIK
- 0001999827
- Portfolio Value
- $136.6M (Q2 2026)
- SEC Filing
- 0001398344-26-013177 ↗ filed Jul 31, 2026
Holdings Value
Holdings 177 stocks · $136.6M
| IVV iShares Core S&P 500 ETF | 10.02% | 18,266 | $13.7M | Reduce -0.9% |
| IEF iShares 7-10 Year Treasury B | 9.77% | 141,033 | $13.3M | Add +59.4% |
| SHY iShares 1-3 Year Treasury Bo | 9.21% | 153,197 | $12.6M | Add +93.8% |
| USMV iShares MSCI USA Min Vol Fac | 8.00% | 113,288 | $10.9M | Add +273.2% |
| NOBL Proshares S&P 500 Dividend A | 6.89% | 167,585 | $9.4M | Add +50.3% |
| QUAL iShares MSCI USA Quality Fac | 6.13% | 38,180 | $8.4M | Add +347.0% |
| AAPL Apple Inc. | 6.10% | 28,793 | $8.3M | Add +0.1% |
| IJR iShares Core S&P Small-Cap E | 3.58% | 32,925 | $4.9M | Add +1.8% |
| IJH iShares Core S&P Midcap ETF | 3.47% | 61,492 | $4.7M | Reduce -4.4% |
| GOOG Alphabet Inc. Class C | 2.55% | 9,868 | $3.5M | Reduce -44.6% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.11% | 26,416 | $2.9M | Reduce -54.4% |
| JPM JPMorgan Chase & Co. | 1.87% | 7,806 | $2.6M | Add +0.7% |
| MSFT Microsoft Corp. | 1.87% | 6,845 | $2.6M | Reduce -36.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.84% | 3,364 | $2.5M | Reduce -57.2% |
| IEUR iShares Core MSCI Europe ETF | 1.63% | 29,559 | $2.2M | Reduce -2.9% |
| AVGO Broadcom Inc. | 1.59% | 5,760 | $2.2M | Reduce -56.1% |
| INTC Intel Corp. | 1.43% | 14,000 | $2.0M | Reduce -6.7% |
| ACWX iShares MSCI Acwi Ex US ETF | 1.25% | 22,434 | $1.7M | Reduce -44.1% |
| TMO Thermo Fisher Scientific Inc. | 0.81% | 2,210 | $1.1M | Reduce -55.6% |
| QCOM Qualcomm Inc. | 0.79% | 5,857 | $1.1M | Reduce -68.8% |
| PLD Prologis Inc. | 0.78% | 7,881 | $1.1M | Reduce -71.7% |
| AMZN Amazon.com Inc. | 0.74% | 4,215 | $1.0M | No change |
| BA The Boeing Co. | 0.70% | 4,423 | $957K | Reduce -60.4% |
| ANET Arista Networks Inc. | 0.70% | 5,590 | $950K | Reduce -73.7% |
| CVX Chevron Corp. | 0.65% | 5,357 | $888K | Add +1.1% |
| CEG Constellation Energy | 0.61% | 3,366 | $836K | Reduce -43.9% |
| VLUE iShares MSCI USA Value Facto | 0.61% | 4,164 | $832K | Reduce -92.7% |
| FCX Freeport-McMoran Inc. | 0.58% | 12,664 | $796K | Reduce -75.7% |
| AMT American Tower Corp. | 0.58% | 4,836 | $791K | Reduce -65.3% |
| GOOGL Alphabet Inc. Class A | 0.58% | 2,209 | $789K | Add +0.1% |
| CME Cme Group Inc. | 0.58% | 3,564 | $787K | New |
| LDOS Leidos Holdings Inc. | 0.56% | 7,438 | $766K | New |
| TTWO Take-Two Interactive Softwre | 0.50% | 2,725 | $681K | Reduce -79.2% |
| ECL Ecolab Inc. | 0.47% | 2,314 | $645K | New |
| SYK Stryker Corp. | 0.46% | 1,991 | $627K | Reduce -0.5% |
| DLR Digital Realty Trust Inc. | 0.45% | 3,416 | $613K | Reduce -71.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.44% | 818 | $603K | No change |
| SPGI S&P Global Inc. | 0.44% | 1,462 | $595K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.43% | 1,219 | $582K | Add +0.2% |
| LMT Lockheed Martin Corp. | 0.39% | 1,048 | $534K | Add +0.1% |
| BLK BlackRock Inc. | 0.39% | 552 | $530K | Add +5.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 1,012 | $506K | No change |
| V Visa Inc. Class A | 0.36% | 1,424 | $489K | Add +16.4% |
| ORCL Oracle Corp. | 0.34% | 3,200 | $469K | Reduce -81.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.34% | 1,252 | $463K | Add +0.2% |
| COST Costco Wholesale Corp. | 0.27% | 392 | $367K | No change |
| AMAT Applied Materials Inc. | 0.26% | 492 | $356K | Reduce -91.0% |
| RTX RTX Corp. | 0.26% | 1,839 | $349K | Reduce -61.0% |
| TER Teradyne Inc. | 0.24% | 685 | $331K | Add +0.1% |
| BAC Bank of America Corp. | 0.23% | 5,436 | $310K | Add +0.1% |
| FDX FedEx Corp. | 0.20% | 854 | $267K | Add +0.3% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.19% | 837 | $256K | No change |
| HD Home Depot Inc. | 0.18% | 689 | $243K | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.17% | 1,973 | $232K | Add +0.1% |
| ABT Abbott Laboratories | 0.15% | 2,200 | $200K | Reduce -81.7% |
| VIG Vanguard Dividend Apprec ETF | 0.13% | 773 | $183K | Add +0.4% |
| MRK Merck & Co. Inc. | 0.13% | 1,381 | $177K | No change |
| NEM Newmont Corp. | 0.13% | 1,886 | $176K | Add +0.2% |
| ZTS Zoetis Inc. | 0.12% | 2,350 | $169K | Add +673.0% |
| WFC Wells Fargo & Co. | 0.12% | 2,036 | $168K | No change |
| LLY Eli Lilly & Co. | 0.12% | 140 | $168K | No change |
| PAYX Paychex Inc. | 0.12% | 1,700 | $167K | No change |
| REGN Regeneron Pharmaceuticals | 0.11% | 245 | $153K | No change |
| CAT Caterpillar Inc. | 0.11% | 135 | $144K | No change |
| ACN Accenture PLC Class A | 0.10% | 1,150 | $143K | Add +1177.8% |
| NFLX Netflix Inc. | 0.09% | 1,750 | $125K | No change |
| ED Consolidated Edison Inc. | 0.09% | 1,114 | $123K | No change |
| HDV iShares Core High Dividend E | 0.09% | 4,325 | $119K | Add +108.4% |
| BSX Boston Scientific Corp. | 0.08% | 2,650 | $113K | New |
| COP Conocophillips | 0.08% | 1,054 | $110K | Add +0.8% |
| PECO Phillips Edison & Company Inc. | 0.08% | 2,527 | $105K | No change |
| ETN Eaton Corp. PLC | 0.07% | 225 | $96K | No change |
| META Meta Platforms Inc. Class A | 0.07% | 170 | $96K | No change |
| XLF SS Financial Select Sector | 0.07% | 1,737 | $93K | No change |
| MDLN Medline Inc. Class A | 0.07% | 2,250 | $89K | New |
| KLAC KLA Corp. | 0.06% | 290 | $87K | No change |
| TSLA Tesla Inc. | 0.06% | 205 | $86K | No change |
| AMGN Amgen Inc. | 0.06% | 237 | $86K | No change |
| HPE Hewlett Packard Enterprise | 0.06% | 1,897 | $86K | No change |
| GMED Globus Medical Inc. Class A | 0.06% | 1,000 | $79K | No change |
| SDY SS SPDR S&P Dividend ETF | 0.06% | 500 | $76K | Add +100.0% |
| ARM Arm Holdings PLC-ADR | 0.05% | 200 | $71K | No change |
| NEE Nextera Energy Inc. | 0.05% | 804 | $71K | No change |
| ABNB Airbnb Inc. Class A | 0.05% | 490 | $70K | Reduce -97.1% |
| DRI Darden Restaurants Inc. | 0.05% | 337 | $69K | No change |
| FDXF FedEx Freight Holding Co. | 0.05% | 425 | $64K | No change |
| MDT Medtronic PLC | 0.05% | 803 | $63K | Reduce -87.5% |
| IWO iShares Russell 2000 Growth | 0.04% | 146 | $58K | No change |
| SAP Sap SE-Sponsored ADR | 0.04% | 356 | $55K | No change |
| SLB SLB Ltd. filed as SLB LIMITED | 0.04% | 1,162 | $54K | Reduce -48.9% |
| NVDA Nvidia Corp. | 0.04% | 260 | $52K | No change |
| IYF iShares US Financials ETF | 0.04% | 404 | $52K | No change |
| JNJ Johnson & Johnson | 0.04% | 190 | $48K | Reduce -53.8% |
| CMCSA Comcast Corp. Class A | 0.03% | 1,798 | $44K | Add +0.5% |
| HPQ HP Inc. | 0.03% | 1,897 | $42K | No change |
| FBTC Fidelity Wise Origin Bitcoin | 0.03% | 785 | $40K | New |
| HON Honeywell International Inc. | 0.03% | 177 | $40K | Add +85.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.03% | 129 | $39K | No change |
| CLX Clorox Company | 0.03% | 400 | $38K | New |
| VZ Verizon Communications Inc. | 0.03% | 883 | $37K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $299K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALPHABET INC (GOOGL 6.25 05/15/29 B) | DEP SHS RP1/20 B | 5,950 | $299K | New |
Lines left out (1) · $1 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| ITA iShares U.S. Aerospace & Def | US AER DEF ETF | 0 | $1 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $136.9M.
Portfolio Sells Q1 2026 → Q2 2026
| VLUE iShares MSCI USA Value Facto | Reduce -92.7% | 0.61% | −4.52 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -54.4% | 2.11% | −1.91 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −1.65 |
| PLD Prologis Inc. | Reduce -71.7% | 0.78% | −1.56 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -57.2% | 1.84% | −1.41 |
| FCX Freeport-McMoran Inc. | Reduce -75.7% | 0.58% | −1.37 |
| IEMG iShares Core MSCI Emerging | Reduce -100.0% | 0.00% | −1.35 |
| ABNB Airbnb Inc. Class A | Reduce -97.1% | 0.05% | −1.31 |
| IGV iShares Expanded Tech-Softwa | Reduce -99.3% | 0.01% | −1.26 |
| ORCL Oracle Corp. | Reduce -81.1% | 0.34% | −1.24 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −1.20 |
| XLV SS Health Care Select Sector | Reduce -99.9% | 0.00% | −1.18 |
| TTWO Take-Two Interactive Softwre | Reduce -79.2% | 0.50% | −1.15 |
| DT Dynatrace Inc. | Sold out | 0.00% | −1.06 |
| AVGO Broadcom Inc. | Reduce -56.1% | 1.59% | −0.99 |
| ANET Arista Networks Inc. | Reduce -73.7% | 0.70% | −0.97 |
| AMT American Tower Corp. | Reduce -65.3% | 0.58% | −0.95 |
| AMAT Applied Materials Inc. | Reduce -91.0% | 0.26% | −0.93 |
| DLR Digital Realty Trust Inc. | Reduce -71.0% | 0.45% | −0.90 |
| TMO Thermo Fisher Scientific Inc. | Reduce -55.6% | 0.81% | −0.75 |
| QCOM Qualcomm Inc. | Reduce -68.8% | 0.79% | −0.75 |
| BA The Boeing Co. | Reduce -60.4% | 0.70% | −0.71 |
| GOOG Alphabet Inc. Class C | Reduce -44.6% | 2.55% | −0.70 |
| MSFT Microsoft Corp. | Reduce -36.9% | 1.87% | −0.68 |
| ABT Abbott Laboratories | Reduce -81.7% | 0.15% | −0.64 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.63 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -44.1% | 1.25% | −0.50 |
| CEG Constellation Energy | Reduce -43.9% | 0.61% | −0.45 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.43 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.38 |
| WY Weyerhaeuser Co. | Sold out | 0.00% | −0.33 |
| GOVT iShares US Treasury Bond ETF | Reduce -97.8% | 0.01% | −0.33 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.33 |
| RTX RTX Corp. | Reduce -61.0% | 0.26% | −0.32 |
| TLT iShares 20+ Year Treasury BD | Reduce -98.9% | 0.00% | −0.31 |
| MDT Medtronic PLC | Reduce -87.5% | 0.05% | −0.31 |
| SLB SLB Ltd. | Reduce -48.9% | 0.04% | −0.03 |
| JNJ Johnson & Johnson | Reduce -53.8% | 0.04% | −0.03 |
| WTW Willis Towers Watson PLC | Reduce -60.0% | 0.02% | −0.03 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.02 |
| HONA Honeywell Aerospace Inc. | Reduce -85.3% | 0.00% | −0.01 |
| DOW Dow Inc. | Reduce -13.5% | 0.01% | −0.01 |
| VSNT Versant Media Group Inc. | Reduce -44.1% | 0.00% | −0.00 |
| DD Dupont DE Nemours Inc. | Reduce -1.0% | 0.00% | +0.00 |
| APD Air Products & Chemicals Inc. | Reduce -9.6% | 0.03% | +0.00 |
| SYK Stryker Corp. | Reduce -0.5% | 0.46% | +0.04 |
| IEUR iShares Core MSCI Europe ETF | Reduce -2.9% | 1.63% | +0.27 |
| IJH iShares Core S&P Midcap ETF | Reduce -4.4% | 3.47% | +0.71 |
| INTC Intel Corp. | Reduce -6.7% | 1.43% | +1.01 |
| IVV iShares Core S&P 500 ETF | Reduce -0.9% | 10.02% | +2.35 |
Portfolio Buys Q1 2026 → Q2 2026
| USMV iShares MSCI USA Min Vol Fac | Add +273.2% | 8.00% | +6.21 |
| QUAL iShares MSCI USA Quality Fac | Add +347.0% | 6.13% | +5.09 |
| SHY iShares 1-3 Year Treasury Bo | Add +93.8% | 9.21% | +5.06 |
| IEF iShares 7-10 Year Treasury B | Add +59.4% | 9.77% | +4.39 |
| NOBL Proshares S&P 500 Dividend A | Add +50.3% | 6.89% | +3.13 |
| AAPL Apple Inc. | Add +0.1% | 6.10% | +1.45 |
| IJR iShares Core S&P Small-Cap E | Add +1.8% | 3.58% | +1.02 |
| CME Cme Group Inc. | New | 0.58% | +0.58 |
| LDOS Leidos Holdings Inc. | New | 0.56% | +0.56 |
| ECL Ecolab Inc. | New | 0.47% | +0.47 |
| SPGI S&P Global Inc. | New | 0.44% | +0.44 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 1.87% | +0.42 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 0.58% | +0.17 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.2% | 0.43% | +0.16 |
| V Visa Inc. Class A | Add +16.4% | 0.36% | +0.12 |
| TER Teradyne Inc. | Add +0.1% | 0.24% | +0.11 |
| ZTS Zoetis Inc. | Add +673.0% | 0.12% | +0.10 |
| ACN Accenture PLC Class A | Add +1177.8% | 0.10% | +0.09 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.2% | 0.34% | +0.08 |
| BSX Boston Scientific Corp. | New | 0.08% | +0.08 |
| CSCO Cisco Systems Inc. | Add +0.1% | 0.17% | +0.07 |
| BLK BlackRock Inc. | Add +5.3% | 0.39% | +0.07 |
| MDLN Medline Inc. Class A | New | 0.07% | +0.07 |
| BAC Bank of America Corp. | Add +0.1% | 0.23% | +0.06 |
| HDV iShares Core High Dividend E | Add +108.4% | 0.09% | +0.05 |
| HD Home Depot Inc. | Add +0.1% | 0.18% | +0.03 |
| SDY SS SPDR S&P Dividend ETF | Add +100.0% | 0.06% | +0.03 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.03% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Add +0.4% | 0.13% | +0.03 |
| CLX Clorox Company | New | 0.03% | +0.03 |
| SPCX Space Exploration Techn Class A | New | 0.02% | +0.02 |
| CBRS Cerebras Systems Inc. Class A | New | 0.02% | +0.02 |
| NRG NRG Energy Inc. | New | 0.01% | +0.01 |
| LEVI Levi Strauss & Co. Class A | Add +0.7% | 0.02% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +0.5% | 0.03% | +0.01 |
| FDX FedEx Corp. | Add +0.3% | 0.20% | +0.00 |
| OKE Oneok Inc. | Add +1.4% | 0.02% | +0.00 |
| HON Honeywell International Inc. | Add +85.3% | 0.03% | +0.00 |
| BX Blackstone Inc. | Add +2.2% | 0.00% | +0.00 |
| CMCSA Comcast Corp. Class A | Add +0.5% | 0.03% | −0.00 |
| NEM Newmont Corp. | Add +0.2% | 0.13% | −0.00 |
| COP Conocophillips | Add +0.8% | 0.08% | −0.01 |
| LMT Lockheed Martin Corp. | Add +0.1% | 0.39% | −0.01 |
| CVX Chevron Corp. | Add +1.1% | 0.65% | −0.05 |
Notes & Other Activity Q1 2026 → Q2 2026
| ALPHABET INC (GOOGL 6.25 05/15/29 B) | DEP SHS RP1/20 B | New | 5,950 | $299K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 177 | $136.6M | IVV, IEF, SHY, USMV, NOBL |
| Q1 2026 | 173 | $157.1M | IVV, IEF, VLUE, AAPL, SHY |
| Q4 2025 | 172 | $162.1M | IVV, IEF, VLUE, AAPL, SHY |
| Q3 2025 | 172 | $155.6M | IVV, VLUE, IEF, AAPL, SHY |
| Q2 2025 | 170 | $140.8M | IVV, VLUE, IEF, SHY, AAPL |
| Q1 2025 | 175 | $144.8M | IVV, SHY, VLUE, AAPL, IEF |
| Q4 2024 | 183 | $139.5M | IVV, VLUE, AAPL, SHY, ACWX |
| Q3 2024 | 189 | $147.8M | IVV, VLUE, SHY, AAPL, ACWX |
| Q2 2024 | 174 | $126.4M | SHY, IVV, VLUE, AAPL, ACWX |
| Q1 2024 | 170 | $131.0M | SHY, IVV, VLUE, IJH, SPY |