Cynosure Group, LLC

Salt Lake City, UT · CIK 1763409 · 13F filing filed 2026-08-05

SEC-registered investment adviser since 2015 · limited liability company

Assets managed$9.8bn
Staff71 · 30 in investment roles
Main clients (by assets)Private funds 48%, Charities 35%, High net worth individuals 17%
Private funds60 (3 hedge) · $3.5bn gross assets
Form ADV · 2026-09-24SEC adviser record

Legal entityCYNOSURE GROUP, LLC, THE (US)

$665.5m reported value -16.8% vs Q1 2026

180positions

60.9%in top 10

71 new 44 added 43 reduced 89 sold out vs Q1 2026

This report includes the holdings of 2 other managers that share the investment decisions:

PRELUDE CAPITAL MANAGEMENT, LLC – files its own report too; $23.4m of shares are in both
Leucadia Asset Management LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR 0-3 MNTH TREASRY SGOV	SGOV	758,229	$76.4m11.48%	11.48%	Reduced -378.1k	-378,079 -33.3%
2	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	194,225	$70.1m10.53%	10.53%	Reduced -34.8k	-34,836 -15.2%
3	ISHARES TR RUS 1000 GRW ETF IWF	IWF	497,234	$61.7m9.28%	9.28%	Reduced -1.9k	-1,926 -0.4%
4	ISHARES TR SHORT TREAS BD SHV	SHV	545,206	$60.2m9.04%	9.04%	Reduced -1.2k	-1,216 -0.2%
5	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	232,626	$29.7m4.47%	4.47%	Reduced -30.3k	-30,287 -11.5%
6	ISHARES TR CORE S&P500 ETF IVV	IVV	36,843	$27.6m4.15%	4.15%	Added +1.4k	+1,421 4.0%
7	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	33,505	$23.0m3.46%	3.46%	Reduced -37.2k	-37,230 -52.6%
8	GE AEROSPACE COM NEW GE	GE	54,182	$20.2m3.04%	3.04%	Reduced -1.3k	-1,307 -2.4%
9	CIRCLE INTERNET GROUP INC COM CL A CRCL	CRCL	296,811	$18.6m2.79%	2.79%	Reduced -22.4k	-22,446 -7.0%
10	UNION PAC CORP COM UNP	UNP	64,087	$17.4m2.62%	2.62%	Added +66	+66 0.1%
11	ISHARES TR CORE S&P TTL STK ITOT	ITOT	105,382	$17.3m2.60%	2.60%	Reduced -8.9k	-8,884 -7.8%
12	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	333,254	$16.9m2.53%	2.53%	Reduced -78.6k	-78,579 -19.1%
13	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	21,555	$15.9m2.38%	2.38%	Reduced -20.9k	-20,858 -49.2%
14	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	54,382	$15.3m2.30%	2.30%	Added +4.4k	+4,389 8.8%
15	GE VERNOVA INC COM GEV	GEV	12,947	$15.2m2.29%	2.29%	Added +726	+726 5.9%
16	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	234,630	$14.3m2.14%	2.14%	Reduced -11.5k	-11,525 -4.7%
17	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	141,835	$10.4m1.56%	1.56%	Added +70.8k	+70,810 99.7%
18	VANGUARD INDEX FDS SMALL CP ETF VB	VB	33,812	$10.2m1.54%	1.54%	Reduced -9.9k	-9,929 -22.7%
19	JANUS DETROIT STR TR HENDRSON AAA CL JAAA	JAAA	160,474	$8.1m1.22%	1.22%	Reduced -50.6k	-50,573 -24.0%
20	J P MORGAN EXCHANGE TRADED F ULTRA SHRT ETF JPST	JPST	119,235	$6.0m0.91%	0.91%	Unchanged
21	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	15,181	$5.6m0.84%	0.84%	Added +2.0k	+2,031 15.4%
22	CATERPILLAR INC COM CAT	CAT	4,210	$4.5m0.67%	0.67%	Reduced -1.3k	-1,252 -22.9%
23	WELLS FARGO CO NEW COM WFC	WFC	51,198	$4.2m0.64%	0.64%	Unchanged
24	WORKDAY INC CL A WDAY	WDAY	26,970	$3.3m0.50%	0.50%	Added +625	+625 2.4%
25	ISHARES TR BROAD USD HIGH USHY	USHY	88,356	$3.3m0.49%	0.49%	Added +62.9k	+62,878 246.8%
26	HCA HEALTHCARE INC COM HCA	HCA	8,242	$3.2m0.48%	0.48%	Added +7.4k	+7,446 935.4%
27	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	10,528	$2.3m0.35%	0.35%	Reduced -9.7k	-9,739 -48.0%
28	NVIDIA CORPORATION COM NVDA	NVDA	10,285	$2.1m0.31%	0.31%	Reduced -590	-590 -5.4%
29	MICROSOFT CORP COM MSFT	MSFT	5,349	$2.0m0.30%	0.30%	Reduced -8.8k	-8,813 -62.2%
30	ALPHABET INC CAP STK CL A GOOGL	GOOGL	5,488	$2.0m0.29%	0.29%	Added +811	+811 17.3%
31	APPLE INC COM AAPL	AAPL	5,083	$1.5m0.22%	0.22%	Reduced -2.4k	-2,397 -32.0%
32	ISHARES TR GLOBAL TECH ETF IXN	IXN	9,611	$1.4m0.21%	0.21%	Unchanged
33	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	20,645	$1.3m0.20%	0.20%	Unchanged
34	AMAZON COM INC COM AMZN	AMZN	5,349	$1.3m0.19%	0.19%	Reduced -4.8k	-4,799 -47.3%
35	VISA INC COM CL A V	V	3,664	$1.3m0.19%	0.19%	Added +775	+775 26.8%
36	CIENA CORP COM NEW CIEN	CIEN	2,418	$1.2m0.18%	0.18%	New
37	LAM RESEARCH CORP COM NEW LRCX	LRCX	2,637	$1.1m0.17%	0.17%	Added +614	+614 30.4%
38	ISHARES TR NATIONAL MUN ETF MUB	MUB	10,490	$1.1m0.17%	0.17%	Added +2.2k	+2,158 25.9%
39	BRIGHTSPRING HEALTH SVCS INC COM BTSG	BTSG	15,464	$1.1m0.16%	0.16%	Added +5.1k	+5,138 49.8%
40	SANDISK CORP COM SNDK	SNDK	459	$1.0m0.16%	0.16%	New
41	CORNING INC COM GLW	GLW	3,803	$971.4k0.15%	0.15%	Added +568	+568 17.6%
42	ISHARES TR CORE S&P SCP ETF IJR	IJR	6,508	$965.2k0.15%	0.15%	Added +980	+980 17.7%
43	CARPENTER TECHNOLOGY CORP COM CRS	CRS	1,514	$933.9k0.14%	0.14%	Added +426	+426 39.1%
44	MICRON TECHNOLOGY INC COM MU	MU	809	$933.8k0.14%	0.14%	New
45	APPLIED MATLS INC COM AMAT	AMAT	1,275	$921.8k0.14%	0.14%	Reduced -197	-197 -13.4%
46	META PLATFORMS INC CL A META	META	1,582	$891.1k0.13%	0.13%	Reduced -79	-79 -4.8%
47	MACOM TECH SOLUTIONS HLDGS I COM MTSI	MTSI	2,285	$869.1k0.13%	0.13%	New
48	WESTERN DIGITAL CORP COM WDC	WDC	1,352	$863.5k0.13%	0.13%	Reduced -317	-317 -19.0%
49	VICOR CORP COM VICR	VICR	2,253	$855.6k0.13%	0.13%	Reduced -121	-121 -5.1%
50	INVESCO EXCH TRD SLF IDX FD INVSCO BLSH 28 BSCS	BSCS	41,794	$851.1k0.13%	0.13%	Unchanged
51	AXSOME THERAPEUTICS INC COM AXSM	AXSM	3,413	$835.4k0.13%	0.13%	Added +796	+796 30.4%
52	ROIVANT SCIENCES LTD SHS ROIV	ROIV	23,548	$833.4k0.13%	0.13%	Added +9.2k	+9,188 64.0%
53	VANGUARD SCOTTSDALE FDS INT-TERM CORP VCIT	VCIT	10,049	$830.5k0.12%	0.12%	Reduced -402	-402 -3.9%
54	ISHARES TR CORE US AGGBD ET AGG	AGG	8,315	$823.0k0.12%	0.12%	Reduced -130.3k	-130,333 -94.0%
55	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	852	$822.2k0.12%	0.12%	Reduced -340	-340 -28.5%
56	MIRUM PHARMACEUTICALS INC COM MIRM	MIRM	7,014	$821.1k0.12%	0.12%	Added +2.3k	+2,320 49.4%
57	VIKING HOLDINGS LTD ORD SHS VIK	VIK	7,789	$815.3k0.12%	0.12%	Added +1.9k	+1,915 32.6%
58	PRIMORIS SVCS CORP COM PRIM	PRIM	8,214	$814.2k0.12%	0.12%	New
59	VSE CORP COM VSEC	VSEC	3,562	$813.9k0.12%	0.12%	Added +1.6k	+1,579 79.6%
60	JOHNSON & JOHNSON COM JNJ	JNJ	3,180	$807.6k0.12%	0.12%	Added +976	+976 44.3%
61	GRANITE CONSTR INC COM GVA	GVA	5,098	$805.9k0.12%	0.12%	New
62	MOODYS CORP COM MCO	MCO	1,720	$779.0k0.12%	0.12%	Unchanged
63	MADISON SQUARE GRDN SPRT COR CL A MSGS	MSGS	1,938	$778.8k0.12%	0.12%	New
64	COMFORT SYS USA INC COM FIX	FIX	391	$774.9k0.12%	0.12%	Added +69	+69 21.4%
65	VIRTU FINL INC CL A VIRT	VIRT	12,990	$773.8k0.12%	0.12%	New
66	NORDSON CORP COM NDSN	NDSN	2,562	$772.9k0.12%	0.12%	Unchanged
67	INVESCO EXCH TRD SLF IDX FD BULSHS 2027 CB BSCR	BSCR	39,123	$767.4k0.12%	0.12%	Unchanged
68	BRINKER INTL INC COM EAT	EAT	4,562	$766.4k0.12%	0.12%	New
69	CARDINAL HEALTH INC COM CAH	CAH	3,224	$765.9k0.12%	0.12%	New
70	PLEXUS CORP COM PLXS	PLXS	2,545	$765.2k0.11%	0.11%	New
71	INVESCO EXCH TRD SLF IDX FD BULSHS 2026 CB BSCQ	BSCQ	39,132	$764.1k0.11%	0.11%	Unchanged
72	ULTRA CLEAN HLDGS INC COM UCTT	UCTT	5,353	$763.3k0.11%	0.11%	New
73	SSGA ACTIVE ETF TR BLACKSTONE SENR SRLN	SRLN	18,636	$750.8k0.11%	0.11%	Reduced -138.1k	-138,149 -88.1%
74	MASTEC INC COM MTZ	MTZ	1,802	$749.7k0.11%	0.11%	New
75	UL SOLUTIONS INC CLASS A COM SHS ULS	ULS	7,320	$745.6k0.11%	0.11%	New
76	KLA CORP COM NEW KLAC	KLAC	2,440	$736.2k0.11%	0.11%	New
77	COHERENT CORP COM COHR	COHR	1,865	$735.7k0.11%	0.11%	Added +173	+173 10.2%
78	TJX COS INC NEW COM TJX	TJX	4,853	$735.2k0.11%	0.11%	New
79	POWELL INDS INC COM POWL	POWL	2,519	$721.3k0.11%	0.11%	Added +14	+14 0.6%
80	KODIAK GAS SVCS INC COM KGS	KGS	9,560	$718.2k0.11%	0.11%	New
81	ALPHABET INC CAP STK CL C GOOG	GOOG	2,027	$716.2k0.11%	0.11%	Reduced -170	-170 -7.7%
82	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	12,745	$714.6k0.11%	0.11%	Added +3.5k	+3,469 37.4%
83	MILLICOM INTL CELLULAR S A COM STK TIGO	TIGO	7,860	$713.4k0.11%	0.11%	Added +1.9k	+1,893 31.7%
84	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,227	$712.8k0.11%	0.11%	Reduced -102	-102 -7.7%
85	STONEX GROUP INC COM SNEX	SNEX	5,996	$710.5k0.11%	0.11%	New
86	COCA COLA CONS INC COM COKE	COKE	3,721	$710.4k0.11%	0.11%	New
87	VIAVI SOLUTIONS INC COM VIAV	VIAV	14,750	$704.3k0.11%	0.11%	New
88	HOWMET AEROSPACE INC COM HWM	HWM	2,614	$702.8k0.11%	0.11%	Added +936	+936 55.8%
89	CASEYS GEN STORES INC COM CASY	CASY	884	$702.6k0.11%	0.11%	Added +194	+194 28.1%
90	RTX CORPORATION COM RTX	RTX	3,696	$701.2k0.11%	0.11%	Added +1.5k	+1,536 71.1%
91	ESCO TECHNOLOGIES INC COM ESE	ESE	1,987	$695.5k0.10%	0.10%	Added +419	+419 26.7%
92	TARGA RES CORP COM TRGP	TRGP	2,593	$695.3k0.10%	0.10%	New
93	PHILIP MORRIS INTL INC COM PM	PM	3,836	$694.0k0.10%	0.10%	New
94	RBC BEARINGS INC COM RBC	RBC	1,069	$688.5k0.10%	0.10%	Added +316	+316 42.0%
95	BANK NEW YORK MELLON CORP COM BNY	BNY	4,746	$686.3k0.10%	0.10%	New
96	TKO GROUP HOLDINGS INC CL A TKO	TKO	3,398	$684.1k0.10%	0.10%	New
97	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	1,949	$682.3k0.10%	0.10%	Reduced -1.8k	-1,794 -47.9%
98	DT MIDSTREAM INC COMMON STOCK DTM	DTM	4,622	$678.2k0.10%	0.10%	New
99	LEONARDO DRS INC COM DRS	DRS	15,847	$676.2k0.10%	0.10%	New
100	ALTRIA GROUP INC COM MO	MO	9,385	$675.3k0.10%	0.10%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EA SERIES TRUST BOXX	BOXX	222,141	$25.8m222.1k shares
SELECT SECTOR SPDR TR XLE	XLE	175,145	$10.7m175.1k shares
SPDR SER TR XOP	XOP	58,099	$10.6m58.1k shares
UNITED STS OIL FD LP USO	USO	64,625	$8.2m64.6k shares
SCHWAB STRATEGIC TR SCHX	SCHX	282,868	$7.3m282.9k shares
VANGUARD STAR FDS VXUS	VXUS	63,930	$4.9m63.9k shares
INVESCO DB MULTI-SECTOR COMM DBA	DBA	154,787	$4.2m154.8k shares
ISHARES TR REM	REM	131,605	$2.8m131.6k shares
KLAVIYO INC KVYO	KVYO	141,884	$2.8m141.9k shares
SPOTIFY TECHNOLOGY S A SPOT	SPOT	4,100	$2.0m4.1k shares
ISHARES TR USMV	USMV	15,854	$1.5m15.9k shares
ZOOMINFO TECHNOLOGIES INC GTM	GTM	227,765	$1.4m227.8k shares
SCHWAB STRATEGIC TR SCHG	SCHG	40,932	$1.2m40.9k shares
SCHWAB STRATEGIC TR SCHM	SCHM	28,603	$885.6k28.6k shares
ISHARES GOLD TR IAU	IAU	7,814	$688.9k7.8k shares
VANGUARD SCOTTSDALE FDS VGIT	VGIT	11,152	$664.1k11.2k shares
GLOBAL X FDS MLPX	MLPX	8,635	$638.5k8.6k shares
VANGUARD WORLD FD MGK	MGK	7,565	$555.9k7.6k shares
10X GENOMICS INC TXG	TXG	25,730	$546.2k25.7k shares
INVESCO EXCHANGE TRADED FD T PID	PID	24,523	$545.5k24.5k shares
NEXTRACKER INC NXT	NXT	4,192	$505.3k4.2k shares
PROTAGONIST THERAPEUTICS INC PTGX	PTGX	4,635	$488.5k4.6k shares
NEBIUS GROUP N.V. NBIS	NBIS	4,680	$485.6k4.7k shares
INSMED INC INSM	INSM	2,947	$481.9k2.9k shares
BRIDGEBIO PHARMA INC BBIO	BBIO	6,460	$479.7k6.5k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
BLACK ROCK COFFEE BAR INC BRCB · 13D · filed 2026-05-22	BRCB	52.6%≈ $181.0m	no change	13D	2026-05-22

Trades reported as a company insider since 1 Apr 2026

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2026-05-15	BLACK ROCK COFFEE BAR INC Director · See footnote	BRCB	Bought	13,642,712	$73.0m13.6m shares	new