DOSSIER · 13F-HR · Q4 2025

Cynosure Group, LLC

$983M in tracked AUM across 704 positions as of Q4 2025.

CG
CIK 0001763409 · last filed Dec 31, 2025
Total AUM
$983M
as of Q4 2025
Holdings
704
positions
Whale Score
50
50
tracked
Activity
no data
changes this Q
AI Analysis · Q4 2025
Comprehensive Analysis of Cynosure Group, LLC 13F Filing
1. Portfolio Overview

Cynosure Group, LLC reported a significant contraction in portfolio value for the quarter ended September 30, 2025. The total assets under management (AUM) decreased by 61.8%, dropping from $882.81 million to $337.10 million. This reduction was accompanied by a streamlining of the portfolio, with the number of holdings decreasing from a prior count (implied by the activity) to 172 current positio...

The portfolio is heavily diversified, though it relies heavily on exchange-traded funds (ETFs) to achieve this exposure. The top ten holdings account for approximately 58.7% of the total portfolio value, indicating a relatively concentrated core strategy surrounded by a long tail of smaller individual equity positions. The drastic reduction in AUM suggests substantial capital outflows, redemptions, or a deliberate pivot in risk management strategy during a volatile period.

2. Key Holdings

The portfolio is anchored by large-cap, liquid ETFs, with SPDR S&P 500 ETF Trust (SPY) being the dominant position. SPY represents 19.48% of the portfolio ($65.66M), making it the single largest holding. This suggests a strong reliance on broad U.S. equity market beta.

Quarter at a glance — Q4 2025

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q4 2025.

#HoldingValueSharesWeight
01
SGOV
ISHARES TR
$119M1.2M12.1%
02
SPY
SPDR S&P 500 ETF TR
$64M94K6.5%
03
SHV
ISHARES TR
$62M558K6.3%
04
IWF
ISHARES TR
$59M126K6.0%
05
GEHC
GE HEALTHCARE TECHNOLOGIES I
$46M4.4M4.7%
06
IVV
ISHARES TR
$42M903K4.3%
07
VOO
VANGUARD INDEX FDS
$42M66K4.2%
08
BOXX
EA SERIES TRUST
$35M308K3.6%
09
CRCL
CIRCLE INTERNET GROUP INC
$27M343K2.8%
10
GLD
SPDR GOLD TR
$25M62K2.5%

Filing history

2025Q4Dec 31
$983M 191.6%
704 positionsView →
2025Q3Sep 30
$337M 61.8%
172 positionsView →
2025Q2Jun 30
$883M 21.7%
377 positionsLocked
2025Q1Mar 31
$726M 8.4%
375 positionsLocked
2024Q4Dec 31
$669M 2.5%
367 positionsLocked
2024Q3Sep 30
$686M 10.1%
370 positionsLocked
2024Q2Jun 30
$623M 11.9%
334 positionsLocked
2024Q1Mar 31
$557M 0.1%
313 positionsLocked
2023Q4Dec 31
$556M 70.7%
150 positionsLocked
2023Q3Sep 30
$326M 2.0%
138 positionsLocked
2023Q2Jun 30
$333M 402.6%
128 positionsLocked
2023Q1Mar 31
$66M 31.4%
26 positionsLocked
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