Cynosure Group, LLC

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CIK 1763409

13F portfolio (2026-Q1)

$800M

Positions

198

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

198

Top 5

42.3%

Top 10

59.3%

Effective N

19.7

HHI

0.051

This quarter

81 new · 0 exit →

By sector

Unclassified79.4%

Information Technology7.8%

Financials5.0%

Industrials3.4%

Health Care1.5%

Consumer Discretionary1.2%

Communication Services0.8%

Materials0.4%

Other0.4%

By market cap

Unknown79.6%

Large ($10–200B)9.6%

Mega (>$200B)8.2%

Mid ($2–10B)2.4%

Small ($300M–2B)0.2%

By region

Other79.4%

North America20.5%

Europe0.1%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	79.45%	69
Banks	4.70%	7
Electrical Equipment & Components	3.31%	4
Technology Hardware & Equipment	2.05%	6
Road & Rail	1.90%	1
Software	1.34%	7
Pharmaceuticals & Biotechnology	0.95%	17
Software & IT Services	0.79%	4
Machinery	0.69%	5
Specialty Retail	0.68%	9
Semiconductors & Semiconductor Equipment	0.56%	7
Commercial Services & Supplies	0.42%	6
Metals & Mining	0.30%	6
Media & Entertainment	0.25%	1
Health Care Equipment & Supplies	0.23%	2
Health Care Providers & Services	0.20%	4
Aerospace & Defense	0.20%	4
Automobiles & Components	0.18%	4
Communications Equipment	0.17%	3
Utilities	0.16%	3
Capital Markets	0.15%	3
Life Sciences Tools & Services	0.14%	2
Beverages	0.13%	3
Chemicals	0.12%	2
Distributors	0.11%	2
Diversified Telecommunication Services	0.10%	2
Construction & Engineering	0.10%	2
Real Estate Management & Development	0.09%	2
Professional Services	0.07%	2
Diversified Consumer Services	0.06%	1
Entertainment	0.06%	1
Marine	0.05%	1
Leisure Products	0.05%	1
Textiles, Apparel & Luxury Goods	0.05%	1
Hotels, Restaurants & Leisure	0.05%	1
Transportation Infrastructure	0.05%	1
Food & Staples Retailing	0.05%	1
Household Durables	0.05%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	SGOV	ISHARES TR	Unclassified	14.30%
2	SPY	STATE STR SPDR S&P 500 ETF T	Unclassified	8.55%
3	SHV	ISHARES TR	Unclassified	7.54%
4	IWF	ISHARES TR	Unclassified	6.65%
5	VOO	VANGUARD INDEX FDS	Unclassified	5.28%
6	VONG	VANGUARD SCOTTSDALE FDS	Unclassified	4.00%
7	CRCL	Circle Internet Group, Inc.	Financials	3.81%
8	BOXX	EA SERIES TRUST	Unclassified	3.23%
9	QQQ	INVESCO QQQ TR	Unclassified	3.06%
10	IVV	ISHARES TR	Unclassified	2.90%

129/198 names classified · sector 20.6% of weight · industry 20.6% · mkt cap 20.4%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 30 quarters

IndustrialsUNP, IT, BR, NDSN, SWK · other

FinancialsWFC, V, JPM, CRCL, BX · other

Information TechnologyGE, NET, MSFT, AAPL, GTM · other

Consumer DiscretionaryWSO, SITE, MSM, AMZN, CPRT · other

Communication ServicesT, VZ, GOOGL, WBD, NFLX · other

MaterialsCHD, PG, ELF, DECK, USLM · other

Health CareGEHC, ZTS, MTD, MRK, ABT · other

Consumer StaplesMDLZ, PEP, CALM, CVS, GO · other

EnergyCVX, XOM, PSX, MPC, CHRD · other

Real EstateBN, EGP, PLD, DLR, IIPR · other

UtilitiesAWK, LNG, TRGP, DUK, SR · other

UnclassifiedVEA, SHV, SPY, IWF, SGOV · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 20.6% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 15% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (98 classified)Cynosure Group, LLC centroid (Mid Core)

Information TechnologyIndustrialsConsumer DiscretionaryFinancialsHealth CareMaterialsCommunication ServicesConsumer StaplesUtilitiesReal Estate

Style box summary for Cynosure Group, LLC: centroid Mid Core. Heaviest cells: Large Growth 5.3%, Large Core 4.6%, Mid Growth 1.2%.

Classified: 14.7% of book weight (98/198 names) · unclassified 85.3%: SGOV, SPY, SHV, IWF, VOO, VONG, CRCL, BOXX, QQQ, IVV +90 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 198 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	SGOVISHARES TR	1,136,308	$114M	14.3%	TRIM −4%
2	SPYSTATE STR SPDR S&P 500 ETF T	229,061	$68M	8.5%	ADD 144%
3	SHVISHARES TR	546,422	$60M	7.5%	TRIM −2%
4	IWFISHARES TR	124,790	$53M	6.6%	HOLD
5	VOOVANGUARD INDEX FDS	70,735	$42M	5.3%	ADD 7%
6	VONGVANGUARD SCOTTSDALE FDS	262,913	$32M	4.0%	ADD 7637%
7	CRCLCIRCLE INTERNET GROUP INC	319,257	$30M	3.8%	TRIM −7%
8	BOXXEA SERIES TRUST	222,141	$26M	3.2%	TRIM −28%
9	QQQINVESCO QQQ TR	42,413	$24M	3.1%	ADD 225%
10	IVVISHARES TR	35,422	$23M	2.9%	TRIM −96%
11	ICSHISHARES TR	411,833	$21M	2.6%	HOLD
12	GEGE AEROSPACE	55,489	$16M	2.0%	ADD 57%
13	ITOTISHARES TR	114,266	$16M	2.0%	TRIM −8%
14	UNPUNION PAC CORP	64,021	$15M	1.9%	ADD 8%
15	SPYVSPDR SERIES TRUST	246,155	$14M	1.7%	TRIM −34%
16	AGGISHARES TR	138,648	$14M	1.7%	ADD 3%
17	IBMINTERNATIONAL BUSINESS MACHS	49,993	$12M	1.5%	TRIM −3%
18	VBVANGUARD INDEX FDS	43,741	$11M	1.4%	HOLD
19	XLESELECT SECTOR SPDR TR	175,145	$11M	1.3%	NEW
20	JAAAJANUS DETROIT STR TR	211,047	$11M	1.3%	TRIM −4%
21	XOPSPDR SERIES TRUST	58,099	$11M	1.3%	NEW
22	GEVGE VERNOVA INC	12,221	$9M	1.1%	TRIM −19%
23	USOUNITED STS OIL FD LP	64,625	$8M	1.0%	NEW
24	SCHXSCHWAB U.S. LARGE-CAP ETF	282,868	$7M	0.9%	ADD 4%
25	SRLNSSGA ACTIVE ETF TR	156,785	$6M	0.8%	ADD 46%
26	JPSTJ P MORGAN EXCHANGE TRADED F	119,235	$6M	0.8%	TRIM −8%
27	MSFTMICROSOFT CORP	14,162	$5M	0.7%	TRIM −5%
28	BNDVANGUARD BD INDEX FDS	71,025	$5M	0.7%	ADD 10%
29	VXUSVANGUARD STAR FDS	63,930	$5M	0.6%	HOLD
30	DBAINVESCO DB MULTI-SECTOR COMM	154,787	$4M	0.5%	NEW
31	VTIVANGUARD INDEX FDS	13,150	$4M	0.5%	HOLD
32	WFCWELLS FARGO CO NEW	51,198	$4M	0.5%	HOLD
33	QUALISHARES TR	20,267	$4M	0.5%	HOLD
34	CATCATERPILLAR INC	5,462	$4M	0.5%	TRIM −99%
35	SCHASCHWAB STRATEGIC TR	120,763	$4M	0.4%	ADD 6%
36	WDAYWORKDAY INC	26,345	$3M	0.4%	HOLD
37	REMISHARES TR	131,605	$3M	0.4%	ADD 6%
38	KVYOKLAVIYO INC	141,884	$3M	0.3%	HOLD
39	VEAVANGUARD TAX-MANAGED FDS	35,397	$2M	0.3%	HOLD
40	AMZNAMAZON COM INC	10,148	$2M	0.3%	TRIM −11%
41	SPOTSPOTIFY TECHNOLOGY S A	4,100	$2M	0.2%	HOLD
42	AAPLAPPLE INC	7,480	$2M	0.2%	TRIM −11%
43	NVDANVIDIA CORPORATION	10,875	$2M	0.2%	TRIM −16%
44	SCHFSCHWAB STRATEGIC TR	72,811	$2M	0.2%	HOLD
45	GEHCGE HEALTHCARE TECHNOLOGIES I	20,645	$2M	0.2%	TRIM −100%
46	JPMJPMORGAN CHASE & CO	5,235	$2M	0.2%	TRIM −22%
47	USMVISHARES TR	15,854	$1M	0.2%	HOLD
48	GTMZOOMINFO TECHNOLOGIES INC	227,765	$1M	0.2%	HOLD
49	GOOGLALPHABET INC	4,677	$1M	0.2%	TRIM −35%
50	IEFAISHARES TR	14,581	$1M	0.2%	TRIM −17%
51	SCHGSCHWAB U.S. LARGE-CAP GROWTH ETF	40,932	$1M	0.1%	TRIM −22%
52	KEYSKEYSIGHT TECHNOLOGIES INC	3,743	$1M	0.1%	HOLD
53	IXNISHARES TR	9,611	$960,812	0.1%	HOLD
54	METAMETA PLATFORMS INC	1,661	$950,449	0.1%	TRIM −14%
55	USHYISHARES TR	25,478	$938,617	0.1%	ADD 40%
56	SCHMSCHWAB STRATEGIC TR	28,603	$885,560	0.1%	HOLD
57	MUBISHARES TR	8,332	$884,442	0.1%	TRIM −59%
58	VVISA INC	2,889	$873,171	0.1%	TRIM −31%
59	VCITVANGUARD SCOTTSDALE FDS	10,451	$864,798	0.1%	TRIM −57%
60	BSCSINVESCO EXCH TRD SLF IDX FD	41,794	$853,559	0.1%	HOLD
61	BSCRINVESCO EXCH TRD SLF IDX FD	39,123	$767,789	0.1%	HOLD
62	BSCQINVESCO EXCH TRD SLF IDX FD	39,132	$764,248	0.1%	HOLD
63	MCOMOODYS CORP	1,720	$750,350	0.1%	TRIM −35%
64	IAUISHARES GOLD TR	7,814	$688,882	0.1%	HOLD
65	IJRISHARES TR	5,528	$687,173	0.1%	ADD 87%
66	NDSNNORDSON CORP	2,562	$681,646	0.1%	HOLD
67	VGITVANGUARD SCOTTSDALE FDS	11,152	$664,102	0.1%	HOLD
68	MLPXGLOBAL X FDS	8,635	$638,472	0.1%	HOLD
69	GOOGALPHABET INC	2,197	$630,298	0.1%	ADD 164%
70	MTDMETTLER TOLEDO INTERNATIONAL	485	$611,682	0.1%	HOLD
71	ACWXISHARES TR	8,794	$602,125	0.1%	HOLD
72	BRBROADRIDGE FINL SOLUTIONS IN	3,592	$583,628	0.1%	TRIM −35%
73	EFAISHARES TR	5,976	$573,881	0.1%	TRIM −82%
74	IEMGISHARES INC	8,067	$562,653	0.1%	TRIM −10%
75	MGKVanguard Mega Cap Growth ETF	1,513	$555,937	0.1%	HOLD
76	TXG10X GENOMICS INC	25,730	$546,248	0.1%	HOLD
77	PIDINVESCO EXCHANGE TRADED FD T	24,523	$545,541	0.1%	HOLD
78	JNJJOHNSON & JOHNSON	2,204	$538,745	0.1%	NEW
79	CHDCHURCH & DWIGHT CO INC	5,737	$535,377	0.1%	HOLD
80	ROLROLLINS INC	10,002	$534,207	0.1%	TRIM −44%
81	GLDSPDR GOLD TR	1,219	$524,524	0.1%	TRIM −98%
82	NXTNEXTPOWER INC	4,192	$505,346	0.1%	NEW
83	AMATAPPLIED MATLS INC	1,472	$503,114	0.1%	NEW
84	CASYCASEYS GEN STORES INC	690	$502,223	0.1%	TRIM −22%
85	PTGXPROTAGONIST THERAPEUTICS INC	4,635	$488,529	0.1%	NEW
86	NBISNEBIUS GROUP N.V.	4,680	$485,596	0.1%	NEW
87	INSMINSMED INC	2,947	$481,894	0.1%	ADD 9%
88	BBIOBRIDGEBIO PHARMA INC	6,460	$479,719	0.1%	NEW
89	SHOPSHOPIFY INC	4,000	$474,480	0.1%	HOLD
90	SEBSEABOARD CORP DEL	83	$469,284	0.1%	NEW
91	STXSEAGATE TECHNOLOGY HLDNGS PL	1,192	$466,978	0.1%	NEW
92	LQDALIQUIDIA CORPORATION	12,318	$464,882	0.1%	NEW
93	LITELUMENTUM HLDGS INC	660	$463,822	0.1%	NEW
94	LAURLAUREATE EDUCATION INC	13,228	$460,863	0.1%	NEW
95	PTCTPTC THERAPEUTICS INC	6,728	$458,378	0.1%	NEW
96	AVGOBROADCOM INC	1,467	$454,104	0.1%	TRIM −30%
97	POWLPOWELL INDS INC	835	$451,802	0.1%	NEW
98	WDCWESTERN DIGITAL CORP	1,669	$451,448	0.1%	NEW
99	SITESITEONE LANDSCAPE SUPPLY INC	3,381	$450,045	0.1%	HOLD
100	KNSAKINIKSA PHARMACEUTICALS INTL	9,331	$449,288	0.1%	NEW
101	EPDENTERPRISE PRODS PARTNERS L	11,820	$447,269	0.1%	HOLD
102	TIGOMILLICOM INTL CELLULAR S A	5,967	$447,167	0.1%	NEW
103	RPRXROYALTY PHARMA PLC	9,276	$444,969	0.1%	NEW
104	ORAORMAT TECHNOLOGIES INC	3,968	$444,098	0.1%	NEW
105	FIXCOMFORT SYS USA INC	322	$444,035	0.1%	NEW
106	FIVEFIVE BELOW INC	1,942	$443,708	0.1%	NEW
107	SPHRSPHERE ENTERTAINMENT CO	3,769	$442,481	0.1%	NEW
108	AXSMAXSOME THERAPEUTICS INC.	2,617	$442,326	0.1%	TRIM −25%
109	ESEESCO TECHNOLOGIES INC	1,568	$441,188	0.1%	NEW
110	CCITIGROUP INC	3,889	$441,051	0.1%	NEW
111	BTSGBRIGHTSPRING HEALTH SVCS INC	10,326	$439,991	0.1%	NEW
112	GLWCORNING INC	3,235	$439,875	0.1%	NEW
113	VISNCOMMSCOPE HLDG CO INC	24,155	$439,621	0.1%	NEW
114	PSMTPRICESMART INC	2,889	$434,795	0.1%	NEW
115	MIRMMIRUM PHARMACEUTICALS INC	4,694	$433,632	0.1%	NEW
116	PRMPERIMETER SOLUTIONS INC	17,704	$432,331	0.1%	NEW
117	AMKRAMKOR TECHNOLOGY INC	9,600	$432,288	0.1%	NEW
118	LRCXLAM RESEARCH CORP	2,023	$432,234	0.1%	NEW
119	VIKVIKING HOLDINGS LTD	5,874	$431,622	0.1%	NEW
120	CRSCARPENTER TECHNOLOGY CORP	1,088	$428,835	0.1%	NEW
121	KRYSKRYSTAL BIOTECH INC	1,649	$425,970	0.1%	TRIM −31%
122	FHIFEDERATED HERMES INC	7,490	$424,758	0.1%	NEW
123	DANDANA INC	12,570	$422,981	0.1%	NEW
124	ELANELANCO ANIMAL HEALTH INC	17,670	$422,843	0.1%	NEW
125	FCFSFIRSTCASH HOLDINGS INC	2,247	$422,436	0.1%	NEW
126	IONSIONIS PHARMACEUTICALS INC	5,614	$421,556	0.1%	NEW
127	GMGENERAL MTRS CO	5,610	$417,946	0.1%	NEW
128	WWAYFAIR INC	5,548	$417,265	0.1%	ADD 12%
129	IJHISHARES TR	6,178	$417,200	0.1%	TRIM −19%
130	RTXRTX CORPORATION	2,160	$416,664	0.1%	TRIM −19%
131	LGNDLIGAND PHARMACEUTICALS INC	2,085	$416,271	0.1%	NEW
132	HASHASBRO INC	4,443	$415,864	0.1%	NEW
133	IDXXIDEXX LABS INC	740	$415,799	0.1%	NEW
134	DBOINVESCO DB MULTI-SECTOR COMM	21,116	$415,352	0.1%	HOLD
135	APGAPI GROUP CORP	10,249	$415,290	0.1%	TRIM −21%
136	GTXGARRETT MOTION INC	22,673	$411,969	0.1%	NEW
137	RBCRBC BEARINGS INC	753	$408,969	0.1%	NEW
138	AERAERCAP HOLDINGS NV	2,974	$407,974	0.1%	TRIM −19%
139	VVVANGUARD INDEX FDS	1,362	$407,059	0.1%	HOLD
140	ENVAENOVA INTL INC	2,993	$406,539	0.1%	TRIM −24%
141	LHXL3HARRIS TECHNOLOGIES INC	1,173	$404,861	0.1%	NEW
142	CSTMCONSTELLIUM SE	16,404	$403,211	0.1%	NEW
143	COHRCOHERENT CORP	1,692	$403,052	0.1%	NEW
144	HEHAWAIIAN ELEC INDS INC MTN B	27,149	$402,891	0.1%	NEW
145	TPRTAPESTRY INC	2,854	$402,728	0.1%	TRIM −28%
146	DLTRDOLLAR TREE INC	3,658	$400,587	0.1%	NEW
147	WWDWOODWARD INC	1,118	$400,154	0.1%	TRIM −35%
148	ATIALLEGHENY TECHNOLOGIES INC	2,749	$399,869	0.0%	NEW
149	AMRXAMNEAL PHARMACEUTICALS INC	32,067	$398,593	0.0%	NEW
150	ROIVROIVANT SCIENCES LTD	14,360	$397,772	0.0%	NEW
151	BKDBROOKDALE SR LIVING INC	29,064	$397,595	0.0%	NEW
152	MNSTMONSTER BEVERAGE CORP NEW	5,474	$396,646	0.0%	TRIM −16%
153	TNLTRAVEL PLUS LEISURE CO	5,697	$394,175	0.0%	NEW
154	AMGAFFILIATED MANAGERS GROUP	1,418	$392,361	0.0%	NEW
155	PACSPACS GROUP INC	12,104	$388,780	0.0%	NEW
156	COCOVITA COCO CO INC	8,081	$387,160	0.0%	NEW
157	HWMHOWMET AEROSPACE INC	1,678	$386,711	0.0%	TRIM −27%
158	HIIHUNTINGTON INGALLS INDS INC	1,011	$384,079	0.0%	NEW
159	VOVANGUARD INDEX FDS	1,333	$382,884	0.0%	HOLD
160	VICRVICOR CORP	2,374	$382,214	0.0%	NEW
161	CHRWC H ROBINSON WORLDWIDE INC	2,301	$382,127	0.0%	NEW
162	CVSCVS HEALTH CORP	5,319	$382,010	0.0%	NEW
163	CMCCOMMERCIAL METALS CO	6,217	$381,910	0.0%	NEW
164	ASTSAST SPACEMOBILE INC	4,580	$379,544	0.0%	NEW
165	JOEST JOE CO	6,020	$378,056	0.0%	NEW
166	HCAHCA HEALTHCARE INC	796	$376,699	0.0%	TRIM −21%
167	RKTROCKET COS INC	26,226	$373,721	0.0%	NEW
168	SGISOMNIGROUP INTERNATIONAL INC	5,045	$372,926	0.0%	TRIM −6%
169	AMBPARDAGH METAL PACKAGING S A	91,866	$372,057	0.0%	NEW
170	VSECVSE CORP	1,983	$365,665	0.0%	NEW
171	IBPINSTALLED BLDG PRODS INC	1,368	$362,725	0.0%	NEW
172	AVAVAEROVIRONMENT INC	1,944	$355,849	0.0%	NEW
173	DAVEDAVE INC	1,993	$346,962	0.0%	NEW
174	HOODROBINHOOD MKTS INC	5,000	$346,500	0.0%	TRIM −82%
175	NETCLOUDFLARE INC	1,664	$343,350	0.0%	TRIM −55%
176	ULTAULTA BEAUTY INC	654	$341,852	0.0%	NEW
177	VWOVANGUARD INTL EQUITY INDEX F	6,217	$336,029	0.0%	HOLD
178	CPRTCOPART INC	9,946	$330,207	0.0%	TRIM −52%
179	COMPCOMPASS INC	45,158	$330,105	0.0%	NEW
180	VTVANGUARD INTL EQUITY INDEX F	2,314	$320,120	0.0%	HOLD
181	VIGVANGUARD SPECIALIZED FUNDS	1,452	$312,328	0.0%	HOLD
182	VUGVANGUARD INDEX FDS	701	$306,026	0.0%	HOLD
183	TMDXTRANSMEDICS GROUP INC	3,036	$301,809	0.0%	NEW
184	DSGXDESCARTES SYS GROUP INC	3,920	$280,515	0.0%	HOLD
185	IWRISHARES TR	2,836	$273,024	0.0%	TRIM −52%
186	AMDADVANCED MICRO DEVICES INC	1,329	$270,348	0.0%	NEW
187	KOCOCA COLA CO	3,504	$266,510	0.0%	HOLD
188	SCHDSCHWAB STRATEGIC TR	8,355	$256,331	0.0%	TRIM −66%
189	SHYISHARES TR	3,066	$253,160	0.0%	HOLD
190	FDNFIRST TR EXCHANGE-TRADED FD	1,000	$234,030	0.0%	NEW
191	AKREPROFESIONALLY MANAGED PORTFO	4,355	$230,162	0.0%	HOLD
192	NOWSERVICENOW INC	2,190	$228,965	0.0%	TRIM −72%
193	PDXPIMCO DYNAMIC INCOME STRATEG	10,158	$224,082	0.0%	NEW
194	MDYSPDR S&P MIDCAP 400 ETF TR	353	$217,716	0.0%	NEW
195	ITGARTNER INC	1,373	$217,401	0.0%	TRIM −74%
196	ACNACCENTURE PLC IRELAND	1,095	$217,128	0.0%	HOLD
197	TSLATESLA INC	583	$216,576	0.0%	TRIM −63%
198	IWMISHARES TR	840	$207,778	0.0%	TRIM −75%

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

SGOVISHARES TR

251K

621K

1.2M

2.5M

1.2M

1.1M

$114M

SPYSTATE STR SPDR S&P 500 ETF T

95K

98K

197K

94K

229K

$68M

SHVISHARES TR

560K

1.1M

558K

546K

$60M

IWFISHARES TR

131K

130K

255K

126K

125K

$53M

VOOVANGUARD INDEX FDS

38K

57K

130K

66K

71K

$42M

VONGVANGUARD SCOTTSDALE FDS

—

249K

254K

511K

263K

$32M

CRCLCIRCLE INTERNET GROUP INC

—

343K

319K

$30M

BOXXEA SERIES TRUST

—

308K

222K

$26M

QQQINVESCO QQQ TR

35K

15K

42K

91K

13K

42K

$24M

IVVISHARES TR

48K

43K

45K

79K

903K

35K

$23M

ICSHISHARES TR

446K

439K

447K

878K

416K

412K

$21M

GEGE AEROSPACE

71K

49K

62K

109K

35K

55K

$16M

ITOTISHARES TR

184K

156K

151K

273K

125K

114K

$16M

UNPUNION PAC CORP

64K

129K

59K

64K

$15M

SPYVSPDR SERIES TRUST

327K

369K

370K

751K

371K

246K

$14M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆Cynosure Group, LLC