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

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $131.0M Q1 2024 Q2 2024: $126.4M Q2 2024 Q3 2024: $147.8M Q3 2024 Q4 2024: $139.5M Q4 2024 Q1 2025: $144.8M Q1 2025 Q2 2025: $140.8M Q2 2025 Q3 2025: $155.6M Q3 2025 Q4 2025: $162.1M Q4 2025 Q1 2026: $157.1M $157.1M Q1 2026 Q2 2026: $136.6M Q2 2026

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%
SDY SS SPDR S&P Dividend ETF 0.02% 250 $36K No change
HPQ HP Inc. 0.02% 1,897 $36K No change
ZTS Zoetis Inc. 0.02% 304 $36K Add +0.7%
ELV Elevance Health Inc. 0.02% 122 $36K Add +0.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 368 $35K Add +0.3%
GM General Motors Co. 0.02% 466 $35K No change
GD General Dynamics Corp. 0.02% 100 $34K No change
VB Vanguard Most SM-Cap ETF-Usd 0.02% 129 $34K No change
EMR Emerson Electric Co. 0.02% 251 $33K No change
SCHF Schwab Intl Equity ETF 0.02% 1,302 $32K No change
OKE Oneok Inc. 0.02% 354 $32K Reduce -96.6%
ARM Arm Holdings PLC-ADR 0.02% 200 $30K New
CBOE Cboe Global Markets Inc. 0.02% 100 $28K No change
SBUX Starbucks Corp. 0.02% 300 $27K No change
IWD iShares Russell 1000 Value E 0.02% 122 $26K No change
XOM Exxon Mobil Corp. 0.02% 152 $26K No change
PEG Public Service Enterprise GP 0.02% 315 $26K No change
DOW Dow Inc. filed as DOW HLDGS INC 0.02% 592 $25K Reduce -35.6%
PFE Pfizer Inc. 0.02% 871 $24K No change
UNP Union Pacific Corp. 0.02% 99 $24K No change
LOW Lowe's Cos Inc. 0.01% 100 $24K No change
NTR Nutrien Ltd. 0.01% 300 $23K No change
C Citigroup Inc. 0.01% 179 $20K No change
ALC Alcon Inc. filed as ALCON AG 0.01% 250 $19K No change
VTR Ventas Inc. 0.01% 230 $19K No change
LEVI Levi Strauss & Co. Class A 0.01% 1,006 $19K Add +0.6%
UNH Unitedhealth Group Inc. 0.01% 67 $18K No change
ACN Accenture PLC Class A 0.01% 90 $18K No change
USB US Bancorp 0.01% 326 $17K No change
GDX Vaneck Gold Miners ETF 0.01% 182 $17K No change
IWP iShares Russell Mid-Cap Grow 0.01% 125 $16K No change
T AT&T Inc. 0.01% 536 $16K No change
PEP Pepsico Inc. 0.01% 100 $16K No change
MDLZ Mondelez International Inc. Class A 0.01% 269 $16K No change
KO The Coca-Cola Co. 0.01% 200 $15K No change
DE Deere & Co. 0.01% 27 $15K No change
CVS CVS Health Corp. 0.01% 203 $15K Reduce -45.3%
MNST Monster Beverage Corp. 0.01% 200 $14K No change
CSX CSX Corp. 0.01% 324 $13K No change
NOW ServiceNow Inc. 0.01% 125 $13K No change
ADBE Adobe Inc. 0.01% 52 $13K No change
SHW The Sherwin-Williams Co. 0.01% 39 $13K No change
CWB SS SPDR BB Conv Sec ETF 0.01% 115 $11K Reduce -5.7%
GS Goldman Sachs Group Inc. 0.01% 12 $10K No change
UAL United Airlines Holdings Inc. 0.01% 100 $9K No change
WYNN WYNN Resorts Ltd. 0.01% 89 $9K No change
MELI MercadoLibre Inc. 0.01% 5 $9K No change
BKNG Booking Holdings Inc. 0.01% 2 $8K No change
ADP Automatic Data Processing 0.01% 39 $8K No change
MCD McDonald's Corp. 0.00% 25 $8K No change
PFF iShares Preferred & Income S 0.00% 255 $8K No change
SHEL Shell PLC-ADR 0.00% 83 $8K No change
MGM MGM Resorts International 0.00% 190 $7K No change
LVS Las Vegas Sands Corp. 0.00% 129 $7K No change
CCL Carnival Corp. 0.00% 260 $7K No change
DAL Delta Air Lines Inc. 0.00% 100 $7K No change
WMT Walmart Inc. 0.00% 50 $6K No change
ALL Allstate Corp. 0.00% 28 $6K No change
Q Qnity Electronics Inc. 0.00% 50 $6K No change
BX Blackstone Inc. 0.00% 45 $5K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.00% 99 $5K No change
LUV Southwest Airlines Co. 0.00% 138 $5K No change
SHYG iShares 0-5 YR HY Corp. Bond 0.00% 122 $5K No change
QCLN First Trust Nasdaq Clean Edg 0.00% 100 $5K No change
DD Dupont DE Nemours Inc. 0.00% 100 $5K No change
AIA iShares Asia 50 ETF 0.00% 35 $4K No change
MSI Motorola Solutions Inc. 0.00% 6 $3K No change
VSNT Versant Media Group Inc. 0.00% 68 $3K Reduce -4.5%
AAL American Airlines Group Inc. 0.00% 200 $2K No change
DXC DXC Technology Co. 0.00% 162 $2K No change
QS Quantumscape Corp. 0.00% 150 $957 No change
SOLS Solstice Adv Materials Inc. 0.00% 7 $534 Reduce -85.1%
LXRX Lexicon Pharmaceuticals Inc. 0.00% 142 $222 No change
Lines left out (1) · $1 — a value with no share or principal amount
SecurityClassSharesValue
ITA iShares U.S. Aerospace & Def US AER DEF ETF0$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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 177$136.6MIVV, IEF, SHY, USMV, NOBL
Q1 2026 173$157.1MIVV, IEF, VLUE, AAPL, SHY
Q4 2025 172$162.1MIVV, IEF, VLUE, AAPL, SHY
Q3 2025 172$155.6MIVV, VLUE, IEF, AAPL, SHY
Q2 2025 170$140.8MIVV, VLUE, IEF, SHY, AAPL
Q1 2025 175$144.8MIVV, SHY, VLUE, AAPL, IEF
Q4 2024 183$139.5MIVV, VLUE, AAPL, SHY, ACWX
Q3 2024 189$147.8MIVV, VLUE, SHY, AAPL, ACWX
Q2 2024 174$126.4MSHY, IVV, VLUE, AAPL, ACWX
Q1 2024 170$131.0MSHY, IVV, VLUE, IJH, SPY