SYNTAX RESEARCH, INC.

Filed: 2/11/2025ACC: 0001398344-25-002436

📋 What this filing means

SYNTAX RESEARCH, INC. filed this quarterly 13F‑HR report disclosing 199 equity positions with a total reported market value of $139.46M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

199

Positions

$139.46M

Total AUM (reported)

1.87M

Total Shares

Allocation by class

COMM$28.21M20.2%

COM$27.92M20.0%

CORE S&P500 ETF$11.61M8.3%

MSCI USA VALUE$7.68M5.5%

1 3 YR TREAS BD$6.66M4.8%

REIT$5.85M4.2%

MSCI ACWI EX US$5.66M4.1%

Portfolio Concentration

Top 3$26.62M19.1%

4–10$35.54M25.5%

11–25$40.89M29.3%

Rest$36.41M26.1%

Top 3 weight

19.1%

Top 10 weight

44.6%

Voting Authority Distribution

Total shares with voting rights: 1.87M

Sole

Full voting authority

864.39K

% of voting shares46.3%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

% of voting shares53.7%

Investment Discretion (by position count)

Sole199

Shared0

Other0

Dominant voting typeNone · 53.7% of voting shares

Institutional Holdings199

Rows:

ISHARES TR

SOLE

CORE S&P500 ETF

Shares19.73K

TypeSH

Market value$11.61M

8.33%

Sole

0.00

Shared

0.00

None

19.73K

ISHARES TR

SOLE

MSCI USA VALUE

Shares72.68K

TypeSH

Market value$7.68M

5.50%

Sole

0.00

Shared

0.00

None

72.68K

APPLE INC

SOLE

COM

Shares29.27K

TypeSH

Market value$7.33M

5.26%

Sole

0.00

Shared

0.00

None

29.27K

ISHARES TR

SOLE

1 3 YR TREAS BD

Shares81.20K

TypeSH

Market value$6.66M

4.77%

Sole

0.00

Shared

0.00

None

81.20K

ISHARES TR

SOLE

MSCI ACWI EX US

Shares108.44K

TypeSH

Market value$5.66M

4.06%

Sole

0.00

Shared

0.00

None

108.44K

ISHARES TR

SOLE

CORE MSCI EURO

Shares96.27K

TypeSH

Market value$5.20M

3.73%

Sole

0.00

Shared

0.00

None

96.27K

ISHARES TR

SOLE

7-10 YR TRSY BD

Shares53.56K

TypeSH

Market value$4.95M

3.55%

Sole

0.00

Shared

0.00

None

53.56K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares8.25K

TypeSH

Market value$4.83M

3.47%

Sole

0.00

Shared

0.00

None

8.25K

PROSHARES TR

SOLE

S&P 500 DV ARIST

Shares45.20K

TypeSH

Market value$4.50M

3.23%

Sole

0.00

Shared

0.00

None

45.20K

ISHARES TR

SOLE

CORE S&P MCP ETF

Shares60.04K

TypeSH

Market value$3.74M

2.68%

Sole

0.00

Shared

0.00

None

60.04K

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares28.85K

TypeSH

Market value$3.32M

2.38%

Sole

0.00

Shared

0.00

None

28.85K

FEDEX CORP

SOLE

COMM

Shares11K

TypeSH

Market value$3.09M

2.22%

Sole

11K

Shared

0.00

None

0.00

MICROSOFT CORP

SOLE

COM

Shares7.09K

TypeSH

Market value$2.99M

2.14%

Sole

0.00

Shared

0.00

None

7.09K

MERCK & CO. INC.

SOLE

COMM

Shares30K

TypeSH

Market value$2.98M

2.14%

Sole

30K

Shared

0.00

None

0.00

SCHLUMBERGER LTD

SOLE

COMM

Shares75K

TypeSH

Market value$2.88M

2.06%

Sole

75K

Shared

0.00

None

0.00

PROLOGIS INC

SOLE

REIT

Shares27K

TypeSH

Market value$2.85M

2.05%

Sole

27K

Shared

0.00

None

0.00

DOW INC

SOLE

COMM

Shares70K

TypeSH

Market value$2.81M

2.01%

Sole

70K

Shared

0.00

None

0.00

AMERICAN TOWER CORP-CL A

SOLE

COMM

Shares15K

TypeSH

Market value$2.75M

1.97%

Sole

15K

Shared

0.00

None

0.00

ISHARES TR

SOLE

IBOXX INV CP ETF

Shares25.36K

TypeSH

Market value$2.71M

1.94%

Sole

0.00

Shared

0.00

None

25.36K

FREEPORT MCMORAN INC

SOLE

COMM

Shares70K

TypeSH

Market value$2.67M

1.91%

Sole

70K

Shared

0.00

None

0.00

Newmont Corp

SOLE

COMM

Shares70K

TypeSH

Market value$2.61M

1.87%

Sole

70K

Shared

0.00

None

0.00

AMERICOLD REALTY TRUST

SOLE

REIT

Shares120K

TypeSH

Market value$2.57M

1.84%

Sole

120K

Shared

0.00

None

0.00

NUTRIEN LTD

SOLE

COMM

Shares55K

TypeSH

Market value$2.46M

1.76%

Sole

55K

Shared

0.00

None

0.00

VALE S A - ADR

SOLE

ADRS

Shares250K

TypeSH

Market value$2.22M

1.59%

Sole

250K

Shared

0.00

None

0.00

CONOCOPHILLIPS

SOLE

COMM

Shares20K

TypeSH

Market value$1.98M

1.42%

Sole

20K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TRSOLE	CORE S&P500 ETF	19.73K	SH	$11.61M 8.33%	0.00	19.73K
ISHARES TRSOLE	MSCI USA VALUE	72.68K	SH	$7.68M 5.50%	0.00	72.68K
APPLE INCSOLE	COM	29.27K	SH	$7.33M 5.26%	0.00	29.27K
ISHARES TRSOLE	1 3 YR TREAS BD	81.20K	SH	$6.66M 4.77%	0.00	81.20K
ISHARES TRSOLE	MSCI ACWI EX US	108.44K	SH	$5.66M 4.06%	0.00	108.44K
ISHARES TRSOLE	CORE MSCI EURO	96.27K	SH	$5.20M 3.73%	0.00	96.27K
ISHARES TRSOLE	7-10 YR TRSY BD	53.56K	SH	$4.95M 3.55%	0.00	53.56K
SPDR S&P 500 ETF TRSOLE	TR UNIT	8.25K	SH	$4.83M 3.47%	0.00	8.25K
PROSHARES TRSOLE	S&P 500 DV ARIST	45.20K	SH	$4.50M 3.23%	0.00	45.20K
ISHARES TRSOLE	CORE S&P MCP ETF	60.04K	SH	$3.74M 2.68%	0.00	60.04K
ISHARES TRSOLE	CORE S&P SCP ETF	28.85K	SH	$3.32M 2.38%	0.00	28.85K
FEDEX CORPSOLE	COMM	11K	SH	$3.09M 2.22%	11K	0.00
MICROSOFT CORPSOLE	COM	7.09K	SH	$2.99M 2.14%	0.00	7.09K
MERCK & CO. INC.SOLE	COMM	30K	SH	$2.98M 2.14%	30K	0.00
SCHLUMBERGER LTDSOLE	COMM	75K	SH	$2.88M 2.06%	75K	0.00
PROLOGIS INCSOLE	REIT	27K	SH	$2.85M 2.05%	27K	0.00
DOW INCSOLE	COMM	70K	SH	$2.81M 2.01%	70K	0.00
AMERICAN TOWER CORP-CL ASOLE	COMM	15K	SH	$2.75M 1.97%	15K	0.00
ISHARES TRSOLE	IBOXX INV CP ETF	25.36K	SH	$2.71M 1.94%	0.00	25.36K
FREEPORT MCMORAN INCSOLE	COMM	70K	SH	$2.67M 1.91%	70K	0.00
Newmont CorpSOLE	COMM	70K	SH	$2.61M 1.87%	70K	0.00
AMERICOLD REALTY TRUSTSOLE	REIT	120K	SH	$2.57M 1.84%	120K	0.00
NUTRIEN LTDSOLE	COMM	55K	SH	$2.46M 1.76%	55K	0.00
VALE S A - ADRSOLE	ADRS	250K	SH	$2.22M 1.59%	250K	0.00
CONOCOPHILLIPSSOLE	COMM	20K	SH	$1.98M 1.42%	20K	0.00

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