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

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 Q1 2026 Q2 2026: $136.6M $136.6M Q2 2026

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
SCHF Schwab Intl Equity ETF 0.03% 1,309 $36K Add +0.5%
APD Air Products & Chemicals Inc. 0.03% 123 $36K Reduce -9.6%
EMR Emerson Electric Co. 0.03% 251 $36K No change
GM General Motors Co. 0.03% 466 $36K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 368 $35K No change
GD General Dynamics Corp. 0.03% 100 $35K No change
OKE Oneok Inc. 0.02% 359 $31K Add +1.4%
SBUX Starbucks Corp. 0.02% 300 $31K No change
IWD iShares Russell 1000 Value E 0.02% 122 $30K No change
UNH Unitedhealth Group Inc. 0.02% 67 $28K No change
UNP Union Pacific Corp. 0.02% 99 $27K No change
SPCX Space Exploration Techn Class A 0.02% 155 $26K New
WTW Willis Towers Watson PLC 0.02% 100 $26K Reduce -60.0%
PEG Public Service Enterprise GP 0.02% 315 $26K No change
LEVI Levi Strauss & Co. Class A 0.02% 1,013 $25K Add +0.7%
C Citigroup Inc. 0.02% 179 $25K No change
CBOE Cboe Global Markets Inc. 0.02% 100 $24K No change
CBRS Cerebras Systems Inc. Class A 0.02% 100 $22K New
LOW Lowe's Cos Inc. 0.02% 100 $22K No change
CVS CVS Health Corp. 0.02% 203 $21K No change
PFE Pfizer Inc. 0.02% 871 $21K No change
XOM Exxon Mobil Corp. 0.02% 152 $21K No change
VTR Ventas Inc. 0.01% 230 $20K No change
USB US Bancorp 0.01% 326 $20K No change
MNST Monster Beverage Corp. 0.01% 200 $19K No change
NTR Nutrien Ltd. 0.01% 300 $19K No change
IWP iShares Russell Mid-Cap Grow 0.01% 125 $18K No change
DE Deere & Co. 0.01% 27 $17K No change
ALC Alcon Inc. filed as ALCON AG 0.01% 250 $17K No change
KO The Coca-Cola Co. 0.01% 200 $16K No change
MDLZ Mondelez International Inc. Class A 0.01% 269 $16K No change
CSX CSX Corp. 0.01% 324 $15K No change
IGV iShares Expanded Tech-Softwa 0.01% 165 $15K Reduce -99.3%
NRG NRG Energy Inc. 0.01% 100 $15K New
DOW Dow Inc. filed as DOW HLDGS INC 0.01% 512 $14K Reduce -13.5%
GDX Vaneck Gold Miners ETF 0.01% 182 $14K No change
UAL United Airlines Holdings Inc. 0.01% 100 $14K No change
PEP Pepsico Inc. 0.01% 100 $14K No change
SHW The Sherwin-Williams Co. 0.01% 39 $13K No change
NOW ServiceNow Inc. 0.01% 125 $12K No change
CWB SS SPDR BB Conv Sec ETF 0.01% 115 $12K No change
GS Goldman Sachs Group Inc. 0.01% 12 $12K No change
GOVT iShares US Treasury Bond ETF 0.01% 496 $11K Reduce -97.8%
T AT&T Inc. 0.01% 536 $11K No change
ADBE Adobe Inc. 0.01% 52 $11K No change
DAL Delta Air Lines Inc. 0.01% 100 $9K No change
MGM MGM Resorts International 0.01% 190 $9K No change
BKNG Booking Holdings Inc. 0.01% 50 $9K No change
ADP Automatic Data Processing 0.01% 39 $9K No change
WYNN WYNN Resorts Ltd. 0.01% 89 $9K No change
MELI MercadoLibre Inc. 0.01% 5 $8K No change
Q Qnity Electronics Inc. 0.01% 50 $8K No change
PFF iShares Preferred & Income S 0.01% 255 $8K No change
CCL Carnival Corp. Ltd. 0.01% 260 $7K No change
LUV Southwest Airlines Co. 0.01% 138 $7K No change
MCD McDonald's Corp. 0.00% 25 $7K No change
ALL Allstate Corp. 0.00% 28 $7K No change
SHEL Shell PLC-ADR 0.00% 83 $6K No change
QCLN First Trust Nasdaq Clean Edg 0.00% 100 $6K No change
LVS Las Vegas Sands Corp. 0.00% 129 $6K No change
TLT iShares 20+ Year Treasury BD 0.00% 66 $6K Reduce -98.9%
WMT Walmart Inc. 0.00% 50 $6K No change
BX Blackstone Inc. 0.00% 46 $5K Add +2.2%
IGSB iShares 1-5Y Inv Grade Corp. 0.00% 99 $5K No change
SHYG iShares 0-5 YR HY Corp. Bond 0.00% 122 $5K No change
AIA iShares Asia 50 ETF 0.00% 35 $5K No change
DD Dupont DE Nemours Inc. 0.00% 33 $4K Reduce -1.0%
AAL American Airlines Group Inc. 0.00% 200 $4K No change
HONA Honeywell Aerospace Inc. 0.00% 14 $3K Reduce -85.3%
MSI Motorola Solutions Inc. 0.00% 6 $2K No change
DXC DXC Technology Co. 0.00% 162 $1K No change
XLV SS Health Care Select Sector 0.00% 9 $1K Reduce -99.9%
VSNT Versant Media Group Inc. 0.00% 38 $1K Reduce -44.1%
QS Quantumscape Corp. 0.00% 150 $1K No change
IEMG iShares Core MSCI Emerging 0.00% 13 $1K Reduce -100.0%
SOLS Solstice Adv Materials Inc. 0.00% 7 $621 No change
LXRX Lexicon Pharmaceuticals Inc. 0.00% 142 $341 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $299K (not counted above)
SecurityClassShares / PrincipalValueChange
ALPHABET INC (GOOGL 6.25 05/15/29 B) DEP SHS RP1/20 B 5,950$299KNew
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: $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

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