Syntax Research, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed December 18, 2024), Syntax Research, Inc. reported 189 stock positions worth $147.8 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 8.1% of the portfolio, followed by iShares MSCI USA Value Facto (VLUE, 5.3%) and iShares 1-3 Year Treasury Bo (SHY, 4.7%). Compared with Q2 2024, it opened 26 new positions, sold out of 11, added to 38 and reduced 26. The biggest buy was a new position in SLB (SLB) and the biggest sale iShares 1-3 Year Treasury Bo (SHY, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- BOCA RATON, FL
- CIK
- 0001999827
- Portfolio Value
- $147.8M (Q3 2024)
- SEC Filing
- 0001398344-24-023327 ↗ filed Dec 18, 2024
Holdings Value
Holdings 189 stocks · $147.8M
| IVV iShares Core S&P 500 ETF | 8.13% | 20,824 | $12.0M | Add +1.3% |
| VLUE iShares MSCI USA Value Facto | 5.32% | 72,176 | $7.9M | Add +0.9% |
| SHY iShares 1-3 Year Treasury Bo | 4.74% | 84,322 | $7.0M | Reduce -44.3% |
| AAPL Apple Inc. | 4.61% | 29,254 | $6.8M | Reduce -3.3% |
| ACWX iShares MSCI Acwi Ex US ETF | 4.13% | 106,661 | $6.1M | Reduce -2.2% |
| IEUR iShares Core MSCI Europe ETF | 4.02% | 97,480 | $5.9M | Add +1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.67% | 9,468 | $5.4M | Reduce -4.8% |
| NOBL Proshares S&P 500 Dividend A | 3.29% | 45,611 | $4.9M | Add +0.2% |
| IEF iShares 7-10 Year Treasury B | 3.16% | 47,544 | $4.7M | Add +301.1% |
| TLT iShares 20+ Year Treasury BD | 2.92% | 43,990 | $4.3M | Add +0.6% |
| PLD Prologis Inc. | 2.70% | 31,602 | $4.0M | Reduce -0.7% |
| IJH iShares Core S&P Midcap ETF | 2.63% | 62,316 | $3.9M | Reduce -31.2% |
| CVX Chevron Corp. | 2.53% | 25,428 | $3.7M | Add +814.4% |
| FCX Freeport-McMoran Inc. | 2.37% | 70,137 | $3.5M | Add +16841.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 2.36% | 83,207 | $3.5M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.28% | 29,769 | $3.4M | Add +284.1% |
| COP Conocophillips | 2.19% | 30,727 | $3.2M | New |
| FDX FedEx Corp. | 2.18% | 11,793 | $3.2M | Reduce -4.4% |
| AMT American Tower Corp. | 2.14% | 13,605 | $3.2M | Reduce -18.7% |
| NTR Nutrien Ltd. | 2.11% | 64,836 | $3.1M | Add +11.4% |
| MSFT Microsoft Corp. | 2.06% | 7,085 | $3.0M | Reduce -6.5% |
| APD Air Products & Chemicals Inc. | 2.06% | 10,222 | $3.0M | Reduce -22.4% |
| IJR iShares Core S&P Small-Cap E | 2.03% | 25,602 | $3.0M | Add +134.1% |
| BXP BXP Inc. | 1.76% | 32,332 | $2.6M | Reduce -33.2% |
| CME Cme Group Inc. | 1.72% | 11,513 | $2.5M | New |
| WM Waste Management Inc. | 1.70% | 12,086 | $2.5M | Add +502.8% |
| DOW Dow Inc. | 1.60% | 43,401 | $2.4M | Add +335.1% |
| ABT Abbott Laboratories | 1.54% | 20,000 | $2.3M | New |
| NEM Newmont Corp. | 1.24% | 34,292 | $1.8M | Reduce -58.9% |
| PAA Plains All Amer Pipeline LP | 1.18% | 100,316 | $1.7M | New |
| JPM JPMorgan Chase & Co. | 1.13% | 7,913 | $1.7M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 1.11% | 9,787 | $1.6M | Reduce -9.8% |
| MRK Merck & Co. Inc. | 0.94% | 12,175 | $1.4M | Add +459.8% |
| AVGO Broadcom Inc. | 0.81% | 6,899 | $1.2M | Reduce -1.7% |
| QUAL iShares MSCI USA Quality Fac | 0.78% | 6,395 | $1.1M | Add +12.1% |
| AMZN Amazon.com Inc. | 0.54% | 4,300 | $801K | Add +10.8% |
| QCOM Qualcomm Inc. | 0.54% | 4,682 | $796K | Add +8.9% |
| BA The Boeing Co. | 0.48% | 4,708 | $716K | Add +18.4% |
| RTX RTX Corp. | 0.45% | 5,457 | $661K | Reduce -8.2% |
| CSCO Cisco Systems Inc. | 0.43% | 11,946 | $636K | Reduce -3.2% |
| LMT Lockheed Martin Corp. | 0.41% | 1,041 | $609K | No change |
| GOVT iShares US Treasury Bond ETF | 0.39% | 24,435 | $573K | Add +0.7% |
| MDT Medtronic PLC | 0.38% | 6,319 | $569K | Add +593.6% |
| UPS United Parcel Service Class B | 0.36% | 3,909 | $533K | Add +3770.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.35% | 1,050 | $512K | Add +0.1% |
| TIP iShares Tips Bond ETF | 0.33% | 4,453 | $492K | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 1,024 | $471K | No change |
| BLK BlackRock Finance Inc. | 0.30% | 474 | $450K | Reduce -8.8% |
| EMR Emerson Electric Co. | 0.26% | 3,561 | $389K | Add +1318.7% |
| GOOGL Alphabet Inc. Class A | 0.25% | 2,242 | $372K | Add +0.9% |
| INTC Intel Corp. | 0.24% | 15,000 | $352K | Reduce -4.5% |
| V Visa Inc. Class A | 0.24% | 1,268 | $349K | Add +0.1% |
| COST Costco Wholesale Corp. | 0.24% | 392 | $348K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.23% | 1,222 | $346K | New |
| HD Home Depot Inc. | 0.22% | 815 | $330K | Add +1.1% |
| IEMG iShares Core MSCI Emerging | 0.20% | 5,148 | $296K | No change |
| LLY Eli Lilly & Co. | 0.19% | 323 | $286K | No change |
| REGN Regeneron Pharmaceuticals | 0.17% | 245 | $258K | Reduce -29.0% |
| PAYX Paychex Inc. | 0.17% | 1,826 | $245K | Reduce -14.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.15% | 5,579 | $221K | Add +0.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.14% | 1,201 | $209K | Add +0.2% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.14% | 837 | $204K | No change |
| VALE Vale SA-SP ADR | 0.13% | 16,983 | $198K | New |
| VIG Vanguard Dividend Apprec ETF | 0.10% | 748 | $148K | Add +0.5% |
| MUB iShares National Muni Bond E | 0.10% | 1,300 | $141K | New |
| META Meta Platforms Inc. Class A | 0.09% | 245 | $140K | No change |
| NFLX Netflix Inc. | 0.08% | 175 | $124K | No change |
| USMV iShares MSCI USA Min Vol Fac | 0.08% | 1,297 | $118K | No change |
| ED Consolidated Edison Inc. | 0.08% | 1,114 | $116K | No change |
| WFC Wells Fargo & Co. | 0.08% | 2,036 | $115K | No change |
| TSLA Tesla Inc. | 0.07% | 375 | $98K | No change |
| PECO Phillips Edison & Company Inc. | 0.06% | 2,527 | $95K | No change |
| CMCSA Comcast Corp. Class A | 0.06% | 2,082 | $87K | Add +0.3% |
| SAP Sap SE-Sponsored ADR | 0.06% | 370 | $85K | No change |
| XLF SS Financial Select Sector | 0.05% | 1,737 | $79K | No change |
| AMGN Amgen Inc. | 0.05% | 237 | $76K | No change |
| GD General Dynamics Corp. | 0.05% | 252 | $76K | No change |
| ETN Eaton Corp. PLC | 0.05% | 225 | $75K | No change |
| GMED Globus Medical Inc. Class A | 0.05% | 1,000 | $72K | No change |
| HPQ HP Inc. | 0.05% | 1,897 | $68K | No change |
| NEE Nextera Energy Inc. | 0.05% | 804 | $68K | No change |
| JNJ Johnson & Johnson | 0.05% | 411 | $67K | No change |
| IYY iShares Dow Jones U.S. ETF | 0.04% | 472 | $66K | No change |
| VZ Verizon Communications Inc. | 0.04% | 1,300 | $58K | No change |
| DRI Darden Restaurants Inc. | 0.04% | 337 | $55K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.04% | 88 | $54K | No change |
| CAT Caterpillar Inc. | 0.04% | 138 | $54K | Add +2.2% |
| CVS CVS Health Corp. | 0.03% | 772 | $49K | Reduce -16.7% |
| VGK Vanguard Ftse Europe ETF | 0.03% | 666 | $47K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.03% | 476 | $46K | Add +0.2% |
| HDV iShares Core High Dividend E | 0.03% | 387 | $46K | Add +0.3% |
| PFF iShares Preferred & Income S | 0.03% | 1,322 | $44K | No change |
| ICE Intercontinental Exchange Inc. | 0.03% | 264 | $42K | No change |
| IYF iShares US Financials ETF | 0.03% | 404 | $42K | No change |
| PFE Pfizer Inc. | 0.03% | 1,448 | $42K | Reduce -31.0% |
| UNH Unitedhealth Group Inc. | 0.03% | 71 | $42K | Add +6.0% |
| IWO iShares Russell 2000 Growth | 0.03% | 146 | $41K | No change |
| CWB SS SPDR BB Conv Sec ETF | 0.03% | 537 | $41K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.03% | 169 | $40K | Add +31.0% |
| HON Honeywell International Inc. | 0.03% | 191 | $39K | No change |
Options reported separately and not counted above: MSFT puts ($215K).
Portfolio Sells Q2 2024 → Q3 2024
| SHY iShares 1-3 Year Treasury Bo | Reduce -44.3% | 4.74% | −5.03 |
| COLD Americold Realty Trust Inc. | Sold out | 0.00% | −2.74 |
| CUBE Cubesmart | Reduce -99.4% | 0.01% | −2.49 |
| IJH iShares Core S&P Midcap ETF | Reduce -31.2% | 2.63% | −1.57 |
| NEM Newmont Corp. | Reduce -58.9% | 1.24% | −1.52 |
| FDX FedEx Corp. | Reduce -4.4% | 2.18% | −0.74 |
| APD Air Products & Chemicals Inc. | Reduce -22.4% | 2.06% | −0.63 |
| MSFT Microsoft Corp. | Reduce -6.5% | 2.06% | −0.62 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.8% | 3.67% | −0.60 |
| BXP BXP Inc. | Reduce -33.2% | 1.76% | −0.60 |
| FMC FMC Corp. | Sold out | 0.00% | −0.56 |
| GOOG Alphabet Inc. Class C | Reduce -9.8% | 1.11% | −0.47 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -2.2% | 4.13% | −0.45 |
| AMT American Tower Corp. | Reduce -18.7% | 2.14% | −0.43 |
| AAPL Apple Inc. | Reduce -3.3% | 4.61% | −0.43 |
| IDV iShares International Select | Reduce -96.0% | 0.01% | −0.29 |
| XLRE SS Real Estate Select Sector | Reduce -94.5% | 0.01% | −0.18 |
| JPM JPMorgan Chase & Co. | Reduce -0.8% | 1.13% | −0.15 |
| INTC Intel Corp. | Reduce -4.5% | 0.24% | −0.15 |
| PLD Prologis Inc. | Reduce -0.7% | 2.70% | −0.13 |
| REGN Regeneron Pharmaceuticals | Reduce -29.0% | 0.17% | −0.11 |
| AVGO Broadcom Inc. | Reduce -1.7% | 0.81% | −0.09 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.07 |
| PAYX Paychex Inc. | Reduce -14.6% | 0.17% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -3.2% | 0.43% | −0.03 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −0.03 |
| RTX RTX Corp. | Reduce -8.2% | 0.45% | −0.02 |
| BLK BlackRock Finance Inc. | Reduce -8.8% | 0.30% | −0.02 |
| PFE Pfizer Inc. | Reduce -31.0% | 0.03% | −0.02 |
| CVS CVS Health Corp. | Reduce -16.7% | 0.03% | −0.01 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.01 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.01 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −0.01 |
| MTCH Match Group Inc. | Sold out | 0.00% | −0.00 |
| PRIM Primoris Services Corp. | Sold out | 0.00% | −0.00 |
| GRND Grindr Inc. | Sold out | 0.00% | −0.00 |
| ALIM Alimera Sciences Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| SLB SLB Ltd. | New | 2.36% | +2.36 |
| FCX Freeport-McMoran Inc. | Add +16841.3% | 2.37% | +2.35 |
| IEF iShares 7-10 Year Treasury B | Add +301.1% | 3.16% | +2.28 |
| CVX Chevron Corp. | Add +814.4% | 2.53% | +2.19 |
| COP Conocophillips | New | 2.19% | +2.19 |
| CME Cme Group Inc. | New | 1.72% | +1.72 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +284.1% | 2.28% | +1.62 |
| ABT Abbott Laboratories | New | 1.54% | +1.54 |
| WM Waste Management Inc. | Add +502.8% | 1.70% | +1.36 |
| DOW Dow Inc. | Add +335.1% | 1.60% | +1.19 |
| PAA Plains All Amer Pipeline LP | New | 1.18% | +1.18 |
| IJR iShares Core S&P Small-Cap E | Add +134.1% | 2.03% | +1.10 |
| MRK Merck & Co. Inc. | Add +459.8% | 0.94% | +0.72 |
| UPS United Parcel Service Class B | Add +3770.3% | 0.36% | +0.35 |
| MDT Medtronic PLC | Add +593.6% | 0.38% | +0.33 |
| EMR Emerson Electric Co. | Add +1318.7% | 0.26% | +0.24 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.23% | +0.23 |
| VALE Vale SA-SP ADR | New | 0.13% | +0.13 |
| MUB iShares National Muni Bond E | New | 0.10% | +0.10 |
| VGK Vanguard Ftse Europe ETF | New | 0.03% | +0.03 |
| SCHF Schwab Intl Equity ETF | New | 0.02% | +0.02 |
| NVDA Nvidia Corp. | New | 0.01% | +0.01 |
| SNOW Snowflake Inc. | New | 0.01% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | New | 0.01% | +0.01 |
| SCHD Schwab US DVD Equity ETF | New | 0.01% | +0.01 |
| VXF Vanguard Extended Market ETF | New | 0.01% | +0.01 |
| VEA Vanguard Ftse Developed ETF | New | 0.01% | +0.01 |
| QUAL iShares MSCI USA Quality Fac | Add +12.1% | 0.78% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +31.0% | 0.03% | +0.00 |
| VOO Vanguard S&P 500 ETF | New | 0.00% | +0.00 |
| MRNA Moderna Inc. | New | 0.00% | +0.00 |
| HD Home Depot Inc. | Add +1.1% | 0.22% | +0.00 |
| LOW Lowe's Cos Inc. | Add +6.0% | 0.02% | +0.00 |
| ACN Accenture PLC Class A | New | 0.00% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +6.0% | 0.03% | +0.00 |
| MA Mastercard Inc. Class A | New | 0.00% | +0.00 |
| PM Philip Morris International | New | 0.00% | +0.00 |
| AXP American Express Co. | New | 0.00% | +0.00 |
| CAT Caterpillar Inc. | Add +2.2% | 0.04% | +0.00 |
| VLO Valero Energy Corp. | New | 0.00% | +0.00 |
| WMT Walmart Inc. | New | 0.00% | +0.00 |
| ABBV Abbvie Inc. | New | 0.00% | +0.00 |
| TXN Texas Instruments Inc. | New | 0.00% | +0.00 |
| HDV iShares Core High Dividend E | Add +0.3% | 0.03% | −0.00 |
| ELV Elevance Health Inc. | Add +2.8% | 0.01% | −0.00 |
| CMCSA Comcast Corp. Class A | Add +0.3% | 0.06% | −0.01 |
| DIS The Walt Disney Co. | Add +0.2% | 0.03% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +0.5% | 0.10% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.2% | 0.14% | −0.02 |
| BAC Bank of America Corp. | Add +0.2% | 0.15% | −0.03 |
Options Activity Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | put | New | 500 | $215K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |