SEC 13F Intelligence

Managers / Q3 2023

SYNTAX ADVISORS, LLC

CIK 0001858294 · ONE LIBERTY PLAZA, 46TH FLOOR, NEW YORK, NY, 10006 · (212) 880-0200

Reported Value
$114M
Q3 2023
Positions
195
Filings on Record
8
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Syntax Advisors, LLC reported $114M in U.S.-listed holdings across 195 positions for Q3 2023.

The portfolio is heavily concentrated: Syntax Etf Tr alone accounts for 48.2% of reported value.

Compared with Q2 2023, the fund opened 7 new positions and exited 25.

Portfolio Metrics

Turnover
+1.9%
vs prior filed quarter
Top-10 Concentration
+53.7%
share of reported value
Largest Position
+48.2%
Syntax Etf Tr
New / Exited
7 / 25
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’21: $136MQ4 ’21Q1 ’22: $119MQ1 ’22Q2 ’22: $119MQ2 ’22Q3 ’22: $117MQ3 ’22Q4 ’22: $120MQ4 ’22Q1 ’23: $132MQ1 ’23Q2 ’23: $124MQ2 ’23Q3 ’23: $114MQ3 ’23filingsflow.com

Portfolio Composition

By security type
Common Stock: 50.5%Other: 48.9%REIT: 0.5%
  • Common Stock · 50.5% · $57M
  • Other · 48.9% · $56M
  • REIT · 0.5% · $613,146

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KVUEKENVUE INCNEW+19.8K19.8K+$398,126$398,126
SNASNAP ON INCNEW+943943+$240,522$240,522
HASHASBRO INCNEW+3.5K3.5K+$232,945$232,945
GISGENERAL MLS INCNEW+3.2K3.2K+$204,320$204,320
AFLAFLAC INCNEW+2.6K2.6K+$202,390$202,390
AALAMERICAN AIRLS GROUP INCNEW+10.6K10.6K+$135,555$135,555
LESLIES INCNEW+17.2K17.2K+$97,109$97,109
BKNGBOOKING HOLDINGS INCSOLD OUT−850−$229,528$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

192 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SYNTAX ETF TRSTRATIFD LRG CAP · STRATIFIE MDCP · STRATIFIED SMCP48.22%$55M929.1K
2COSTCOSTCO WHSL CORP NEWCOM0.67%$759,8711.3K
3EXMOCEXXON MOBIL CORPCOM0.66%$751,6896.4K
4CVXCHEVRON CORP NEWCOM0.66%$744,4574.4K
5WMTWALMART INCCOM0.64%$722,0844.5K
6KRKROGER COCOM0.62%$704,76815.7K
7SYYSYSCO CORPCOM0.61%$697,02610.6K
8CVSCVS HEALTH CORPCOM0.61%$696,03610.0K
9WBAWALGREENS BOOTS ALLIANCE INCCOM0.59%$664,46429.9K
10CHTRCHARTER COMMUNICATIONS INC NCL A0.45%$510,6311.2K
11GRMNGARMIN LTDSHS0.44%$504,2244.8K
12LLOEWS CORPCOM0.44%$500,0227.9K
13ZIONZIONS BANCORPORATION N ACOM0.43%$492,43714.1K
14VLOVALERO ENERGY CORPCOM0.43%$491,7343.5K
15RLRALPH LAUREN CORPCL A0.43%$488,6234.2K
16YUMYUM BRANDS INCCOM0.43%$486,6413.9K
17CMCSACOMCAST CORP NEWCL A0.43%$485,30110.9K
18PSXPHILLIPS 66COM0.43%$484,9254.0K
19MPCMARATHON PETE CORPCOM0.42%$480,2023.2K
20DPZDOMINOS PIZZA INCCOM0.42%$479,9271.3K
21TJXTJX COS INC NEWCOM0.42%$479,0635.4K
22BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.42%$474,6561.4K
23AAPLAPPLE INCCOM0.42%$473,9092.8K
24MSIMOTOROLA SOLUTIONS INCCOM NEW0.42%$473,4251.7K
25DRIDARDEN RESTAURANTS INCCOM0.42%$472,6263.3K
26SBUXSTARBUCKS CORPCOM0.42%$472,0485.2K
27ROSTROSS STORES INCCOM0.41%$466,5964.1K
28MCDMCDONALDS CORPCOM0.41%$465,4981.8K
29CMGCHIPOTLE MEXICAN GRILL INCCOM0.41%$459,789251
30BBWIBATH & BODY WORKS INCCOM0.40%$455,52313.5K
31METAMETA PLATFORMS INCCL A0.39%$442,2091.5K
32CMACOMERICA INCCOM0.39%$438,10310.5K
33HPQHP INCCOM0.38%$429,83216.7K
34GOOGALPHABET INCCAP STK CL C · CAP STK CL A0.37%$420,3323.2K
35CLCOLGATE PALMOLIVE COCOM0.36%$410,1625.8K
36CHDCHURCH & DWIGHT CO INCCOM0.36%$404,6384.4K
37PGPROCTER AND GAMBLE COCOM0.35%$402,8652.8K
38KMBKIMBERLY-CLARK CORPCOM0.35%$400,6183.3K
39KVUEKENVUE INCCOM0.35%$398,12619.8K
40ELLAUDER ESTEE COS INCCL A0.35%$395,9222.7K
41MTCHMATCH GROUP INC NEWCOM0.34%$389,5569.9K
42JJACOBS SOLUTIONS INCCOM0.34%$386,0222.8K
43HRLHORMEL FOODS CORPCOM0.33%$378,47510.0K
44BWABORGWARNER INCCOM0.33%$372,4949.2K
45CEGCONSTELLATION ENERGY CORPCOM0.33%$371,0903.4K
46PMPHILIP MORRIS INTL INCCOM0.32%$364,8583.9K
47APTIV PLCSHS0.32%$361,8253.7K
48NRGNRG ENERGY INCCOM NEW0.32%$360,1239.3K
49TSNTYSON FOODS INCCL A0.32%$358,3287.1K
50CLXCLOROX CO DELCOM0.32%$357,6632.7K
51BUNGE LIMITEDCOM0.31%$355,2763.3K
52ADMARCHER DANIELS MIDLAND COCOM0.31%$353,4184.7K
53MOALTRIA GROUP INCCOM0.31%$352,4638.4K
54EXCEXELON CORPCOM0.30%$343,8519.1K
55TAT&T INCCOM0.30%$342,54622.8K
56PWRQUANTA SVCS INCCOM0.30%$335,2291.8K
57AKAMAKAMAI TECHNOLOGIES INCCOM0.29%$334,6423.1K
58TMUST-MOBILE US INCCOM0.29%$334,5792.4K
59ACTIVISION BLIZZARD INCCOM0.29%$333,6043.6K
60SNPSSYNOPSYS INCCOM0.29%$326,787712
61AESAES CORPCOM0.29%$324,97621.4K
62TYLTYLER TECHNOLOGIES INCCOM0.29%$324,358840
63EAELECTRONIC ARTS INCCOM0.29%$324,1172.7K
64CDNSCADENCE DESIGN SYSTEM INCCOM0.29%$323,5681.4K
65TTWOTAKE-TWO INTERACTIVE SOFTWARCOM0.28%$322,8972.3K
66HALHALLIBURTON COCOM0.28%$321,9758.0K
67VRSNVERISIGN INCCOM0.28%$321,4151.6K
68NKENIKE INCCL B0.28%$321,0923.4K
69SYFSYNCHRONY FINANCIALCOM0.28%$321,04610.5K
70COFCAPITAL ONE FINL CORPCOM0.28%$318,4213.3K
71SLBSCHLUMBERGER LTDCOM STK0.28%$318,3185.5K
72VZVERIZON COMMUNICATIONS INCCOM0.28%$318,1379.8K
73DISCOVER FINL SVCSCOM0.28%$317,4993.7K
74UHSUNIVERSAL HLTH SVCS INCCL B0.28%$314,0742.5K
75BKRBAKER HUGHES COMPANYCL A0.28%$313,6778.9K
76IBMINTERNATIONAL BUSINESS MACHSCOM0.27%$311,6062.2K
77VFCV F CORPCOM0.27%$308,88917.5K
78MSFTMICROSOFT CORPCOM0.27%$308,803978
79EQIXEQUINIX INCCOM0.27%$307,934424
80DLRDIGITAL RLTY TR INCCOM0.27%$305,2122.5K
81NOWSERVICENOW INCCOM0.27%$305,192546
82ATOATMOS ENERGY CORPCOM0.27%$304,6552.9K
83NINISOURCE INCCOM0.26%$300,30612.2K
84TPRTAPESTRY INCCOM0.26%$296,21110.3K
85HCAHCA HEALTHCARE INCCOM0.26%$295,9141.2K
86CRMSALESFORCE INCCOM0.26%$295,8561.5K
87AWKAMERICAN WTR WKS CO INC NEWCOM0.26%$294,7152.4K
88CNCCENTENE CORP DELCOM0.24%$276,2784.0K
89ORCLORACLE CORPCOM0.24%$275,6042.6K
90UNHUNITEDHEALTH GROUP INCCOM0.24%$275,288546
91HUMHUMANA INCCOM0.24%$274,884565
92MOHMOLINA HEALTHCARE INCCOM0.24%$270,509825
93NVRNVR INCCOM0.23%$262,38544
94WDCWESTERN DIGITAL CORP.COM0.23%$258,9965.7K
95STLDSTEEL DYNAMICS INCCOM0.23%$256,8992.4K
96ELVELEVANCE HEALTH INCCOM0.23%$256,462589
97AIGAMERICAN INTL GROUP INCCOM NEW0.22%$250,3394.1K
98FFORD MTR CO DELCOM0.22%$248,79720.0K
99STXSEAGATE TECHNOLOGY HLDNGS PLORD SHS0.22%$248,3023.8K
100TRGPTARGA RES CORPCOM0.22%$247,8172.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2023$114M195Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$124M213Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$132M232May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$120M213Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$117M214Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$119M216Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$119M221May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$136M238Feb 14, 202213F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Vantage Consulting Group Inc028-20786

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.