Syntax Research, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 24, 2026), Syntax Research, Inc. reported 173 stock positions worth $157.1 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.7% of the portfolio, followed by iShares 7-10 Year Treasury B (IEF, 5.4%) and iShares MSCI USA Value Facto (VLUE, 5.1%). Compared with Q4 2025, it opened 6 new positions, sold out of 6, added to 26 and reduced 49. The biggest buy was a new position in iShares Core MSCI Emerging (IEMG) and the biggest sale FedEx (FDX, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- BOCA RATON, FL
- CIK
- 0001999827
- Portfolio Value
- $157.1M (Q1 2026)
- SEC Filing
- 0001398344-26-007193 ↗ filed Apr 24, 2026
Holdings Value
Holdings 173 stocks · $157.1M
| IVV iShares Core S&P 500 ETF | 7.67% | 18,441 | $12.0M | Reduce -12.3% |
| IEF iShares 7-10 Year Treasury B | 5.37% | 88,480 | $8.4M | Add +0.6% |
| VLUE iShares MSCI USA Value Facto | 5.13% | 56,735 | $8.1M | Reduce -7.8% |
| AAPL Apple Inc. | 4.65% | 28,780 | $7.3M | Reduce -0.2% |
| SHY iShares 1-3 Year Treasury Bo | 4.15% | 79,048 | $6.5M | Add +0.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 4.02% | 57,915 | $6.3M | Add +0.4% |
| NOBL Proshares S&P 500 Dividend A | 3.76% | 55,761 | $5.9M | Reduce -2.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.25% | 7,859 | $5.1M | Add +0.3% |
| GOOG Alphabet Inc. Class C | 3.25% | 17,813 | $5.1M | Reduce -5.4% |
| IJH iShares Core S&P Midcap ETF | 2.76% | 64,296 | $4.3M | Reduce -0.7% |
| AVGO Broadcom Inc. | 2.58% | 13,113 | $4.1M | Add +0.8% |
| IJR iShares Core S&P Small-Cap E | 2.56% | 32,346 | $4.0M | Reduce -0.9% |
| MSFT Microsoft Corp. | 2.55% | 10,842 | $4.0M | Add +58.1% |
| PLD Prologis Inc. | 2.34% | 27,869 | $3.7M | Reduce -1.8% |
| FCX Freeport-McMoran Inc. | 1.95% | 52,173 | $3.1M | Reduce -19.5% |
| USMV iShares MSCI USA Min Vol Fac | 1.79% | 30,354 | $2.8M | Add +87.0% |
| ACWX iShares MSCI Acwi Ex US ETF | 1.75% | 40,104 | $2.7M | Reduce -2.1% |
| ANET Arista Networks Inc. | 1.66% | 21,265 | $2.6M | Reduce -1.0% |
| TTWO Take-Two Interactive Softwre | 1.65% | 13,090 | $2.6M | Add +360.9% |
| PANW Palo Alto Networks Inc. | 1.65% | 16,125 | $2.6M | Add +13.2% |
| ORCL Oracle Corp. | 1.58% | 16,911 | $2.5M | Add +19.3% |
| TMO Thermo Fisher Scientific Inc. | 1.56% | 4,982 | $2.4M | Add +9.5% |
| QCOM Qualcomm Inc. | 1.54% | 18,781 | $2.4M | Add +1.2% |
| AMT American Tower Corp. | 1.53% | 13,925 | $2.4M | Add +14.9% |
| JPM JPMorgan Chase & Co. | 1.45% | 7,752 | $2.3M | Reduce -1.3% |
| BA The Boeing Co. | 1.41% | 11,155 | $2.2M | Add +144.9% |
| ABNB Airbnb Inc. Class A | 1.37% | 16,999 | $2.1M | Reduce -1.2% |
| IEUR iShares Core MSCI Europe ETF | 1.36% | 30,435 | $2.1M | Reduce -1.3% |
| IEMG iShares Core MSCI Emerging | 1.35% | 30,474 | $2.1M | New |
| DLR Digital Realty Trust Inc. | 1.35% | 11,773 | $2.1M | Reduce -17.3% |
| IGV iShares Expanded Tech-Softwa | 1.27% | 24,945 | $2.0M | New |
| SNOW Snowflake Inc. | 1.20% | 12,539 | $1.9M | Add +31.1% |
| AMAT Applied Materials Inc. | 1.19% | 5,492 | $1.9M | Reduce -0.3% |
| XLV SS Health Care Select Sector | 1.18% | 12,673 | $1.9M | Reduce -6.6% |
| CEG Constellation Energy | 1.07% | 6,000 | $1.7M | New |
| DT Dynatrace Inc. | 1.06% | 45,000 | $1.7M | Add +12.5% |
| QUAL iShares MSCI USA Quality Fac | 1.04% | 8,541 | $1.6M | Reduce -18.9% |
| ABT Abbott Laboratories | 0.78% | 12,000 | $1.2M | New |
| CVX Chevron Corp. | 0.70% | 5,296 | $1.1M | Reduce -10.3% |
| UPS United Parcel Service Class B | 0.63% | 10,001 | $984K | Reduce -21.3% |
| RTX RTX Corp. | 0.58% | 4,715 | $909K | Reduce -7.4% |
| AMZN Amazon.com Inc. | 0.56% | 4,215 | $878K | Reduce -1.3% |
| NOC Northrop Grumman Corp. | 0.43% | 1,000 | $682K | Reduce -50.0% |
| INTC Intel Corp. | 0.42% | 15,000 | $662K | No change |
| SYK Stryker Corp. | 0.42% | 2,000 | $657K | New |
| GOOGL Alphabet Inc. Class A | 0.40% | 2,208 | $635K | Reduce -0.8% |
| LMT Lockheed Martin Corp. | 0.40% | 1,047 | $633K | Reduce -70.5% |
| EEM iShares MSCI Emerging Market | 0.38% | 10,418 | $592K | No change |
| MDT Medtronic PLC | 0.36% | 6,440 | $558K | Reduce -7.7% |
| GOVT iShares US Treasury Bond ETF | 0.33% | 22,975 | $526K | Add +0.6% |
| WY Weyerhaeuser Co. | 0.33% | 21,536 | $526K | Reduce -71.5% |
| TIP iShares Tips Bond ETF | 0.33% | 4,633 | $511K | No change |
| BLK BlackRock Inc. | 0.32% | 524 | $504K | Reduce -5.1% |
| TLT iShares 20+ Year Treasury BD | 0.32% | 5,769 | $500K | Reduce -13.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 1,012 | $485K | Reduce -1.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.30% | 818 | $472K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.26% | 1,217 | $411K | Add +0.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.25% | 1,249 | $401K | Add +0.3% |
| COST Costco Wholesale Corp. | 0.25% | 392 | $391K | No change |
| V Visa Inc. Class A | 0.24% | 1,223 | $370K | Reduce -1.5% |
| FDX FedEx Corp. | 0.19% | 851 | $303K | Reduce -91.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 5,429 | $265K | Reduce -1.7% |
| HD Home Depot Inc. | 0.14% | 688 | $226K | Reduce -15.6% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.14% | 837 | $215K | No change |
| NEM Newmont Corp. | 0.13% | 1,883 | $204K | Add +0.2% |
| TER Teradyne Inc. | 0.13% | 684 | $203K | No change |
| REGN Regeneron Pharmaceuticals | 0.12% | 245 | $189K | No change |
| NFLX Netflix Inc. | 0.11% | 1,750 | $168K | No change |
| MRK Merck & Co. Inc. | 0.11% | 1,381 | $166K | Reduce -71.3% |
| VIG Vanguard Dividend Apprec ETF | 0.11% | 770 | $166K | Add +0.4% |
| WFC Wells Fargo & Co. | 0.10% | 2,036 | $162K | No change |
| PAYX Paychex Inc. | 0.10% | 1,700 | $157K | Reduce -6.9% |
| CSCO Cisco Systems Inc. | 0.10% | 1,972 | $153K | Reduce -4.8% |
| COP Conocophillips | 0.09% | 1,046 | $138K | Reduce -93.3% |
| LLY Eli Lilly & Co. | 0.08% | 140 | $129K | No change |
| ED Consolidated Edison Inc. | 0.08% | 1,114 | $126K | No change |
| SLB SLB Ltd. filed as SLB LIMITED | 0.07% | 2,275 | $117K | Reduce -13.4% |
| JNJ Johnson & Johnson | 0.06% | 411 | $100K | No change |
| META Meta Platforms Inc. Class A | 0.06% | 170 | $97K | Reduce -30.6% |
| CAT Caterpillar Inc. | 0.06% | 135 | $96K | No change |
| PECO Phillips Edison & Company Inc. | 0.06% | 2,527 | $95K | No change |
| GMED Globus Medical Inc. Class A | 0.05% | 1,000 | $86K | No change |
| XLF SS Financial Select Sector | 0.05% | 1,737 | $86K | No change |
| AMGN Amgen Inc. | 0.05% | 237 | $83K | No change |
| ETN Eaton Corp. PLC | 0.05% | 225 | $80K | No change |
| TSLA Tesla Inc. | 0.05% | 205 | $76K | No change |
| NEE Nextera Energy Inc. | 0.05% | 804 | $75K | No change |
| WTW Willis Towers Watson PLC | 0.05% | 250 | $73K | Reduce -16.7% |
| DRI Darden Restaurants Inc. | 0.04% | 337 | $66K | No change |
| SAP Sap SE-Sponsored ADR | 0.04% | 356 | $61K | Reduce -3.8% |
| HDV iShares Core High Dividend E | 0.04% | 415 | $56K | No change |
| CMCSA Comcast Corp. Class A | 0.03% | 1,789 | $51K | Add +0.5% |
| IYF iShares US Financials ETF | 0.03% | 404 | $48K | No change |
| IWO iShares Russell 2000 Growth | 0.03% | 146 | $46K | No change |
| NVDA Nvidia Corp. | 0.03% | 260 | $45K | No change |
| HPE Hewlett Packard Enterprise | 0.03% | 1,897 | $45K | No change |
| VZ Verizon Communications Inc. | 0.03% | 883 | $44K | No change |
| HON Honeywell International Inc. | 0.03% | 191 | $43K | No change |
| KLAC KLA Corp. | 0.03% | 29 | $43K | No change |
| APD Air Products & Chemicals Inc. | 0.03% | 136 | $39K | Reduce -76.3% |
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: $157.1M.
Portfolio Sells Q4 2025 → Q1 2026
| FDX FedEx Corp. | Reduce -91.4% | 0.19% | −1.56 |
| FENY Fidelity MSCI Energy Index | Sold out | 0.00% | −1.24 |
| IVV iShares Core S&P 500 ETF | Reduce -12.3% | 7.67% | −1.22 |
| COP Conocophillips | Reduce -93.3% | 0.09% | −0.81 |
| WY Weyerhaeuser Co. | Reduce -71.5% | 0.33% | −0.77 |
| LMT Lockheed Martin Corp. | Reduce -70.5% | 0.40% | −0.66 |
| OKE Oneok Inc. | Reduce -96.6% | 0.02% | −0.45 |
| GOOG Alphabet Inc. Class C | Reduce -5.4% | 3.25% | −0.39 |
| NOC Northrop Grumman Corp. | Reduce -50.0% | 0.43% | −0.27 |
| QUAL iShares MSCI USA Quality Fac | Reduce -18.9% | 1.04% | −0.25 |
| MRK Merck & Co. Inc. | Reduce -71.3% | 0.11% | −0.21 |
| AAPL Apple Inc. | Reduce -0.2% | 4.65% | −0.19 |
| UPS United Parcel Service Class B | Reduce -21.3% | 0.63% | −0.15 |
| XLV SS Health Care Select Sector | Reduce -6.6% | 1.18% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -1.3% | 1.45% | −0.11 |
| FCX Freeport-McMoran Inc. | Reduce -19.5% | 1.95% | −0.08 |
| ANET Arista Networks Inc. | Reduce -1.0% | 1.66% | −0.07 |
| ABNB Airbnb Inc. Class A | Reduce -1.2% | 1.37% | −0.07 |
| BXP BXP Inc. | Sold out | 0.00% | −0.06 |
| APD Air Products & Chemicals Inc. | Reduce -76.3% | 0.03% | −0.06 |
| MDT Medtronic PLC | Reduce -7.7% | 0.36% | −0.06 |
| VLUE iShares MSCI USA Value Facto | Reduce -7.8% | 5.13% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -1.3% | 0.56% | −0.05 |
| BLK BlackRock Inc. | Reduce -5.1% | 0.32% | −0.04 |
| TLT iShares 20+ Year Treasury BD | Reduce -13.9% | 0.32% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -30.6% | 0.06% | −0.04 |
| V Visa Inc. Class A | Reduce -1.5% | 0.24% | −0.03 |
| HD Home Depot Inc. | Reduce -15.6% | 0.14% | −0.03 |
| PAYX Paychex Inc. | Reduce -6.9% | 0.10% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 0.40% | −0.03 |
| BAC Bank of America Corp. | Reduce -1.7% | 0.17% | −0.02 |
| KR Kroger Co. | Sold out | 0.00% | −0.02 |
| SAP Sap SE-Sponsored ADR | Reduce -3.8% | 0.04% | −0.02 |
| WTW Willis Towers Watson PLC | Reduce -16.7% | 0.05% | −0.01 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 0.31% | −0.01 |
| CVS CVS Health Corp. | Reduce -45.3% | 0.01% | −0.01 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.01 |
| DLR Digital Realty Trust Inc. | Reduce -17.3% | 1.35% | −0.01 |
| SJM The JM Smucker Co. | Sold out | 0.00% | −0.01 |
| SOLS Solstice Adv Materials Inc. | Reduce -85.1% | 0.00% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -4.8% | 0.10% | −0.00 |
| CWB SS SPDR BB Conv Sec ETF | Reduce -5.7% | 0.01% | 0.00 |
| VSNT Versant Media Group Inc. | Reduce -4.5% | 0.00% | 0.00 |
| DOW Dow Inc. | Reduce -35.6% | 0.02% | +0.00 |
| RTX RTX Corp. | Reduce -7.4% | 0.58% | +0.00 |
| IEUR iShares Core MSCI Europe ETF | Reduce -1.3% | 1.36% | +0.01 |
| SLB SLB Ltd. | Reduce -13.4% | 0.07% | +0.01 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -2.1% | 1.75% | +0.05 |
| NOBL Proshares S&P 500 Dividend A | Reduce -2.5% | 3.76% | +0.09 |
Portfolio Buys Q4 2025 → Q1 2026
| IEMG iShares Core MSCI Emerging | New | 1.35% | +1.35 |
| IGV iShares Expanded Tech-Softwa | New | 1.27% | +1.27 |
| TTWO Take-Two Interactive Softwre | Add +360.9% | 1.65% | +1.20 |
| CEG Constellation Energy | New | 1.07% | +1.07 |
| USMV iShares MSCI USA Min Vol Fac | Add +87.0% | 1.79% | +0.85 |
| BA The Boeing Co. | Add +144.9% | 1.41% | +0.80 |
| ABT Abbott Laboratories | New | 0.78% | +0.78 |
| MSFT Microsoft Corp. | Add +58.1% | 2.55% | +0.51 |
| SYK Stryker Corp. | New | 0.42% | +0.42 |
| AMT American Tower Corp. | Add +14.9% | 1.53% | +0.22 |
| IEF iShares 7-10 Year Treasury B | Add +0.6% | 5.37% | +0.16 |
| SHY iShares 1-3 Year Treasury Bo | Add +0.0% | 4.15% | +0.12 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +0.4% | 4.02% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.2% | 0.26% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +13.2% | 1.65% | +0.03 |
| ARM Arm Holdings PLC-ADR | New | 0.02% | +0.02 |
| NEM Newmont Corp. | Add +0.2% | 0.13% | +0.01 |
| GOVT iShares US Treasury Bond ETF | Add +0.6% | 0.33% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +0.4% | 0.11% | +0.00 |
| CMCSA Comcast Corp. Class A | Add +0.5% | 0.03% | −0.00 |
| ZTS Zoetis Inc. | Add +0.7% | 0.02% | −0.00 |
| LEVI Levi Strauss & Co. Class A | Add +0.6% | 0.01% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 0.25% | −0.00 |
| DIS The Walt Disney Co. | Add +0.3% | 0.02% | −0.00 |
| ELV Elevance Health Inc. | Add +0.8% | 0.02% | −0.00 |
| DT Dynatrace Inc. | Add +12.5% | 1.06% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 3.25% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +9.5% | 1.56% | −0.07 |
| SNOW Snowflake Inc. | Add +31.1% | 1.20% | −0.09 |
| ORCL Oracle Corp. | Add +19.3% | 1.58% | −0.12 |
| AVGO Broadcom Inc. | Add +0.8% | 2.58% | −0.19 |
| QCOM Qualcomm Inc. | Add +1.2% | 1.54% | −0.42 |
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 |