Cynosure Advisors, LLC

Sector-focusedMomentum followerConcentrated strategy

Total reported value

$238.4M

Reporting period: 2018-09-30 · Number of holdings: 13

CYNOSURE ADVISORS, LLC disclosed 13 holdings in its latest 13F filing for the period ending 2018-09-30, with total reported value of $238.4M and a quarterly turnover rate of 50.0%.

Personality snowflake

Concentration: 97.53
Portfolio Stability: 50
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 26
Sizing Uniformity: 84.67

Recent moves

Add WFC
+18.9%　$10.1M
Add AEP
+17.8%　-$1.4M
Add UNP
-17.9%　-$2.6M
Sold out UNH
Sold out PEP
Sold out MRK

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	WFC	Wells Fargo & Co	Stock-Financials	37.77%	+16.04%	+18.87%
2	AEP	American Electric Power Company, Inc.	Stock-Utilities	24.26%	+8.17%	+17.80%
3	UNP	Union Pacific CORP	Stock-Industrials	18.59%	+5.82%	-17.87%
4	VEA	Vanguard Ftse Developed ETF	ETF-Other	6.07%	—	—
5	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	4.19%	—	—
6	IJH	Ishares Core S&p Midcap ETF	ETF-Other	4.08%	—	—
7	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	1.92%	—	—
8	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	1.39%	—	—
9	IWR	Ishares Russell Mid-cap ETF	ETF-Other	0.54%	—	—
10	EFA	Ishares Msci Eafe ETF	ETF-Other	0.47%	—	—
11	EEM	Ishares Msci Emerging Market	ETF-Emerging Markets	0.26%	—	—
12	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	0.24%	—	—
13	CAT	Caterpillar INC	Stock-Industrials	0.23%	—	-45.19%

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2018-09-30	13	$238.4M	50	1WFC 2AEP 3UNP Top holdings2018-09-30 1.WFC 2.AEP 3.UNP 4.VEA 5.VWO 6.IJH 7.IJR 8.IVV 9.IWR 10.EFA
2018-06-30	225	$367.8M	16	1WFC 2AEP 3UNP Top holdings2018-06-30 1.WFC 2.AEP 3.UNP 4.VEA 5.VWO 6.IJH 7.IJR 8.UNH 9.IVV 10.PEP
2018-03-31	246	$396.4M	26	1WFC 2AEP 3UNP Top holdings2018-03-31 1.WFC 2.AEP 3.UNP 4.VEA 5.VWO 6.IJH 7.IJR 8.IVV 9.UNH 10.PEP
2017-12-31	247	$434.9M	0	1WFC 2AEP 3UNP Top holdings2017-12-31 1.WFC 2.AEP 3.UNP 4.VEA 5.VWO 6.IJH 7.IJR 8.IVV 9.CVX 10.MSFT

Holding changes this quarter

Cynosure Advisors, LLC's most significant position changes for 2018-09-30: Sold out: Unitedhealth Group INC (UNH); Sold out: Pepsico INC (PEP); Sold out: Merck & Co. INC. (MRK); Sold out: Apple INC (AAPL); Sold out: Becton Dickinson And Co (BDX).

Position changes disclosed by Cynosure Advisors, LLC for the quarter ending 2018-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	WFC	Wells Fargo & Co	+16%	+18.87%	Add
2	AEP	American Electric Power Company, Inc.	+8.2%	+17.80%	Add
3	UNP	Union Pacific CORP	+5.8%	-17.87%	Trim
4	UNH	Unitedhealth Group INC	—	EXIT	Sold out
5	PEP	Pepsico INC	—	EXIT	Sold out
6	MRK	Merck & Co. INC.	—	EXIT	Sold out
7	AAPL	Apple INC	—	EXIT	Sold out
8	BDX	Becton Dickinson And Co	—	EXIT	Sold out
9	BRK-B	Berkshire Hathaway Inc-cl B	—	EXIT	Sold out
10	DFSEUR	Discover Financial Services	—	EXIT	Sold out
11	✓		—	EXIT	Sold out
12	MSFT	Microsoft CORP	—	EXIT	Sold out
13	CVX	Chevron CORP	—	EXIT	Sold out
14	TROW	T Rowe Price Group INC	—	EXIT	Sold out
15	EMR	Emerson Electric Co	—	EXIT	Sold out
16	COP	Conocophillips	—	EXIT	Sold out
17	OMC	Omnicom Group	—	EXIT	Sold out
18	GILD	Gilead Sciences INC	—	EXIT	Sold out
19	AMZN	Amazon.com INC	—	EXIT	Sold out
20	INTC	Intel CORP	—	EXIT	Sold out
21	GOOGL	Alphabet Inc-cl A	—	EXIT	Sold out
22	ACN	Accenture plc	—	EXIT	Sold out
23	PEG	Public Service Enterprise Gp	—	EXIT	Sold out
24	CALM	Cal-maine Foods INC	—	EXIT	Sold out
25	CHRW	C.h. Robinson Worldwide INC	—	EXIT	Sold out
26	JPM	Jpmorgan Chase & Co	—	EXIT	Sold out
27	PG	Procter & Gamble Co/the	—	EXIT	Sold out
28	PFE	Pfizer INC	—	EXIT	Sold out
29	CSCO	Cisco Systems INC	—	EXIT	Sold out
30	META	Meta Platforms Inc-class A	—	EXIT	Sold out
31	KO	Coca-cola Co/the	—	EXIT	Sold out
32	ADBE	Adobe INC	—	EXIT	Sold out
33	MS	Morgan Stanley	—	EXIT	Sold out
34	V	Visa Inc-class A Shares	—	EXIT	Sold out
35	EOG	Eog Resources INC	—	EXIT	Sold out
36	CNC	Centene CORP	—	EXIT	Sold out
37	ABBV	Abbvie INC	—	EXIT	Sold out
38	C	Citigroup INC	—	EXIT	Sold out
39	HD	Home Depot INC	—	EXIT	Sold out
40	OXY	Occidental Petroleum CORP	—	EXIT	Sold out
41	DD	DuPont de Nemours, Inc.	—	EXIT	Sold out
42	XPO	Xpo INC	—	EXIT	Sold out
43	JNJ	Johnson & Johnson	—	EXIT	Sold out
44	SONY	Sony Group CORP - Sp Adr	—	EXIT	Sold out
45	T	At&t INC	—	EXIT	Sold out
46	DIS	Walt Disney Co/the	—	EXIT	Sold out
47	IP	International Paper Co	—	EXIT	Sold out
48	WU	Western Union Co	—	EXIT	Sold out
49	TXN	Texas Instruments INC	—	EXIT	Sold out
50	AES	Aes CORP	—	EXIT	Sold out

FAQ

What is Cynosure Advisors, LLC and what type of investor is it?

Cynosure Advisors, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2018-09-30), the firm manages a tracked equity portfolio valued at approximately $238.4M, spread across 13 disclosed positions.

What are Cynosure Advisors, LLC's largest equity positions?

Based on the latest 13F filing, Cynosure Advisors, LLC's top holdings by market value are: 1. Wells Fargo & Co (WFC) — $90.1M (37.8%) 2. American Electric Power Company, Inc. (AEP) — $57.8M (24.3%) 3. Union Pacific CORP (UNP) — $44.3M (18.6%) 4. Vanguard Ftse Developed ETF (VEA) — $14.5M (6.1%) 5. Vanguard Ftse Emerging Marke (VWO) — $10.0M (4.2%)

What changes did Cynosure Advisors, LLC make in its most recent portfolio filing?

In the latest reported quarter, Cynosure Advisors, LLC made 50 notable position adjustments: 0 new positions were initiated, 2 existing holdings were added to, 1 positions were partially reduced, and 47 were completely exited. The largest of these moves: Sold out: Unitedhealth Group INC (UNH); Sold out: Pepsico INC (PEP); Sold out: Merck & Co. INC. (MRK); Sold out: Apple INC (AAPL); Sold out: Becton Dickinson And Co (BDX)

What sectors does Cynosure Advisors, LLC focus on?

Cynosure Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 66.8% • Industrials: 33.3%