SEC 13F Intelligence

Managers / Q1 2023 · view latest →

SYNTAX ADVISORS, LLC

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

Reported Value
$132M
Q1 2023
Positions
232
Filings on Record
8
2019–present window
Filed
May 15, 2023
original filing

Summary

Syntax Advisors, LLC reported $132M in U.S.-listed holdings across 232 positions for Q1 2023.

The portfolio is heavily concentrated: Syntax Etf Tr alone accounts for 45.1% of reported value.

Compared with Q4 2022, the fund opened 27 new positions and exited 8.

Portfolio Metrics

Turnover
+2.1%
vs prior filed quarter
Top-10 Concentration
+50.2%
share of reported value
Largest Position
+45.1%
Syntax Etf Tr
New / Exited
27 / 8
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: 53.6%Other: 45.9%REIT: 0.5%
  • Common Stock · 53.6% · $71M
  • Other · 45.9% · $61M
  • REIT · 0.5% · $694,283

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BUNGE LIMITEDNEW+4.1K4.1K+$393,542$393,542
TSLATESLA INCNEW+1.5K1.5K+$304,759$304,759
STLDSTEEL DYNAMICS INCNEW+2.1K2.1K+$239,461$239,461
ARISTA NETWORKS INCNEW+1.4K1.4K+$233,493$233,493
DISDISNEY WALT CONEW+2.2K2.2K+$217,683$217,683
ITWILLINOIS TOOL WKS INCNEW+886886+$215,697$215,697
FFIVF5 INCNEW+1.5K1.5K+$214,164$214,164
GENERAL ELECTRIC CONEW+2.2K2.2K+$214,048$214,048

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

Holdings — Q1 2023

227 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SYNTAX ETF TRSTRATIFD LRG CAP · STRATIFIE MDCP · STRATIFIED SMCP45.14%$60M1.00M
2WMTWALMART INCCOM0.62%$822,1815.6K
3SYYSYSCO CORPCOM0.61%$805,97210.4K
4COSTCOSTCO WHSL CORP NEWCOM0.61%$805,4261.6K
5KRKROGER COCOM0.61%$800,53516.2K
6CVXCHEVRON CORP NEWCOM0.59%$780,0684.8K
7EXMOCEXXON MOBIL CORPCOM0.59%$776,8317.1K
8WBAWALGREENS BOOTS ALLIANCE INCCOM0.53%$705,95120.4K
9CVSCVS HEALTH CORPCOM0.50%$654,3748.8K
10AAPLAPPLE INCCOM0.43%$564,9473.4K
11DPZDOMINOS PIZZA INCCOM0.42%$560,1191.7K
12KMBKIMBERLY-CLARK CORPCOM0.42%$559,0264.2K
13CMGCHIPOTLE MEXICAN GRILL INCCOM0.42%$558,611327
14MSIMOTOROLA SOLUTIONS INCCOM NEW0.42%$557,0951.9K
15PGPROCTER AND GAMBLE COCOM0.42%$552,3833.7K
16CHTRCHARTER COMMUNICATIONS INC NCL A0.42%$552,1501.5K
17DRIDARDEN RESTAURANTS INCCOM0.42%$548,6463.5K
18CMCSACOMCAST CORP NEWCL A0.41%$546,39714.4K
19HPQHP INCCOM0.41%$544,44218.6K
20MCDMCDONALDS CORPCOM0.41%$542,7231.9K
21GRMNGARMIN LTDSHS0.41%$540,2255.4K
22YUMYUM BRANDS INCCOM0.41%$539,5474.1K
23VLOVALERO ENERGY CORPCOM0.41%$537,8793.9K
24TJXTJX COS INC NEWCOM0.41%$536,9236.9K
25CLXCLOROX CO DELCOM0.41%$536,9083.4K
26CLCOLGATE PALMOLIVE COCOM0.41%$536,8727.1K
27CHDCHURCH & DWIGHT CO INCCOM0.41%$536,4726.1K
28METAMETA PLATFORMS INCCL A0.41%$534,9372.5K
29MPCMARATHON PETE CORPCOM0.41%$534,7364.0K
30SBUXSTARBUCKS CORPCOM0.40%$533,2505.1K
31ELLAUDER ESTEE COS INCCL A0.40%$530,6282.2K
32RLRALPH LAUREN CORPCL A0.40%$523,9654.5K
33ROSTROSS STORES INCCOM0.39%$518,6574.9K
34BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.39%$518,1161.7K
35GOOGLALPHABET INCCAP STK CL A · CAP STK CL C0.39%$517,5585.0K
36LLOEWS CORPCOM0.39%$514,9868.9K
37PSXPHILLIPS 66COM0.39%$510,1445.0K
38BBWIBATH & BODY WORKS INCCOM0.38%$499,53613.7K
39MTCHMATCH GROUP INC NEWCOM0.37%$490,35512.8K
40NRGNRG ENERGY INCCOM NEW0.31%$414,32612.1K
41PWRQUANTA SVCS INCCOM0.31%$404,6022.4K
42EXCEXELON CORPCOM0.30%$398,0399.5K
43TSNTYSON FOODS INCCL A0.30%$397,6816.7K
44ADMARCHER DANIELS MIDLAND COCOM0.30%$396,3885.0K
45AESAES CORPCOM0.30%$395,10516.4K
46BUNGE LIMITEDCOM0.30%$393,5424.1K
47MSFTMICROSOFT CORPCOM0.30%$393,5291.4K
48CRMSALESFORCE INCCOM0.30%$392,3682.0K
49BWABORGWARNER INCCOM0.30%$391,0638.0K
50JJACOBS SOLUTIONS INCCOM0.30%$389,4283.3K
51HRLHORMEL FOODS CORPCOM0.29%$388,6709.7K
52TYLTYLER TECHNOLOGIES INCCOM0.29%$387,6221.1K
53CEGCONSTELLATION ENERGY CORPCOM0.29%$386,2204.9K
54APTIV PLCSHS0.29%$385,3733.4K
55FTNTFORTINET INCCOM0.29%$383,7405.8K
56NOWSERVICENOW INCCOM0.29%$381,070820
57PMPHILIP MORRIS INTL INCCOM0.29%$377,7193.9K
58ORCLORACLE CORPCOM0.28%$375,2114.0K
59VRSNVERISIGN INCCOM0.28%$374,8991.8K
60EAELECTRONIC ARTS INCCOM0.28%$374,2383.1K
61ACTIVISION BLIZZARD INCCOM0.28%$372,5734.4K
62AWKAMERICAN WTR WKS CO INC NEWCOM0.28%$371,9382.5K
63AKAMAKAMAI TECHNOLOGIES INCCOM0.28%$369,3414.7K
64EQIXEQUINIX INCCOM0.28%$369,172512
65SNPSSYNOPSYS INCCOM0.28%$368,869955
66UHSUNIVERSAL HLTH SVCS INCCL B0.28%$366,8112.9K
67TTWOTAKE-TWO INTERACTIVE SOFTWARCOM0.28%$366,7283.1K
68MOALTRIA GROUP INCCOM0.28%$365,7508.2K
69CDNSCADENCE DESIGN SYSTEM INCCOM0.28%$364,2961.7K
70HCAHCA HEALTHCARE INCCOM0.27%$362,2961.4K
71VFCV F CORPCOM0.27%$357,30415.6K
72NINISOURCE INCCOM0.27%$355,26012.7K
73IBMINTERNATIONAL BUSINESS MACHSCOM0.27%$354,4672.7K
74NKENIKE INCCL B0.27%$354,1842.9K
75TPRTAPESTRY INCCOM0.27%$354,1068.2K
76GENGEN DIGITAL INCCOM0.27%$350,54420.4K
77ATOATMOS ENERGY CORPCOM0.26%$349,5523.1K
78BKRBAKER HUGHES COMPANYCL A0.26%$336,85411.7K
79COFCAPITAL ONE FINL CORPCOM0.25%$332,6173.5K
80DISCOVER FINL SVCSCOM0.25%$328,6433.3K
81SLBSCHLUMBERGER LTDCOM STK0.25%$327,2026.7K
82DLRDIGITAL RLTY TR INCCOM0.25%$325,1113.3K
83HALHALLIBURTON COCOM0.24%$311,2439.8K
84SYFSYNCHRONY FINANCIALCOM0.23%$307,43410.6K
85TSLATESLA INCCOM0.23%$304,7591.5K
86NEMNEWMONT CORPCOM0.22%$295,5916.0K
87HPEHEWLETT PACKARD ENTERPRISE CCOM0.21%$283,01217.8K
88PEGPUBLIC SVC ENTERPRISE GRP INCOM0.21%$282,3994.5K
89UNHUNITEDHEALTH GROUP INCCOM0.21%$278,356589
90PHMPULTE GROUP INCCOM0.21%$277,7624.8K
91MOHMOLINA HEALTHCARE INCCOM0.21%$277,6551.0K
92ELVELEVANCE HEALTH INCCOM0.21%$275,426599
93FCXFREEPORT-MCMORAN INCCL B0.21%$274,8336.7K
94HUMHUMANA INCCOM0.21%$274,770566
95LENLENNAR CORPCL A0.21%$274,7582.6K
96MNSTMONSTER BEVERAGE CORP NEWCOM0.21%$274,6955.1K
97STXSEAGATE TECHNOLOGY HLDNGS PLORD SHS0.21%$272,7454.1K
98ETRENTERGY CORP NEWCOM0.21%$272,4742.5K
99CNPCENTERPOINT ENERGY INCCOM0.21%$272,1819.2K
100EIXEDISON INTLCOM0.21%$271,3483.8K

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, Inc.

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 ↗.