# Syntrinsic LLC

> Institutional holdings reported to the SEC as of Q3 2024 on Form 13F. CIK 2012611. Source: https://holderbook.com/funds/2012611-syntrinsic-llc/

- Reported value: $300.6M
- Positions: 75
- Weight of the ten largest: 89.5%
- Filed: 2024-10-08

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $71.0M | 840,184 | 23.6% | 5 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $69.9M | 643,654 | 23.3% | 5 |
| ISHARES TR | [DMXF](https://holderbook.com/stocks/DMXF/) | $36.3M | 504,017 | 12.1% | 5 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $32.3M | 123,145 | 10.7% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $15.2M | 26,414 | 5.0% | 5 |
| ISHARES TR | [SCZ](https://holderbook.com/stocks/SCZ/) | $15.1M | 223,838 | 5.0% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $12.0M | 95,262 | 4.0% | 4 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $6.1M | 134,370 | 2.0% | 5 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $5.7M | 67,560 | 1.9% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $5.5M | 88,338 | 1.8% | 5 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $5.4M | 45,883 | 1.8% | 5 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $3.0M | 5,641 | 1.0% | 5 |
| VANECK ETF TRUST | [ISRA](https://holderbook.com/stocks/ISRA/) | $3.0M | 75,755 | 1.0% | 5 |
| ISHARES TR | [PABU](https://holderbook.com/stocks/PABU/) | $2.4M | 38,349 | 0.8% | 3 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $2.3M | 27,838 | 0.8% | 5 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $2.0M | 34,205 | 0.7% | 5 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $1.9M | 16,819 | 0.6% | 1 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.7M | 6,040 | 0.6% | 5 |
| TIDAL TRUST I | [JSTC](https://holderbook.com/stocks/JSTC/) | $1.2M | 65,552 | 0.4% | 5 |
| SCHWAB CHARLES FAMILY FD | - | $1.0M | 1,019,097 | 0.3% | 2 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $925.7K | 14,854 | 0.3% | 5 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $823.3K | 14,388 | 0.3% | 5 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $717.4K | 9,422 | 0.2% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $615.8K | 5,527 | 0.2% | 5 |
| ISHARES TR | [EAOR](https://holderbook.com/stocks/EAOR/) | $585.6K | 18,104 | 0.2% | 5 |
| SPDR SERIES TRUST | [SPYX](https://holderbook.com/stocks/SPYX/) | $454.1K | 9,610 | 0.2% | 5 |
| ISHARES TR | [PABD](https://holderbook.com/stocks/PABD/) | $391.8K | 6,897 | 0.1% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RPV](https://holderbook.com/stocks/RPV/) | $386.1K | 4,342 | 0.1% | 5 |
| ISHARES TR | [AOM](https://holderbook.com/stocks/AOM/) | $385.6K | 8,946 | 0.1% | 5 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $369.8K | 1,638 | 0.1% | 5 |
| ISHARES TR | [AOK](https://holderbook.com/stocks/AOK/) | $269.7K | 7,339 | 0.1% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $253.6K | 519 | 0.1% | 5 |
| TIDAL TRUST III | [NACP](https://holderbook.com/stocks/NACP/) | $204.8K | 4,952 | 0.1% | 5 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $103.0K | 2,000 | 0.0% | 5 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $91.2K | 952 | 0.0% | 5 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $87.8K | 1,058 | 0.0% | 5 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $86.5K | 438 | 0.0% | 5 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $73.2K | 126 | 0.0% | 5 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $70.1K | 586 | 0.0% | 5 |
| ISHARES TR | [HYXF](https://holderbook.com/stocks/HYXF/) | $63.7K | 1,366 | 0.0% | 5 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $55.3K | 937 | 0.0% | 5 |
| VANECK ETF TRUST | [GDXJ](https://holderbook.com/stocks/GDXJ/) | $42.6K | 873 | 0.0% | 5 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $41.8K | 338 | 0.0% | 1 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $38.3K | 961 | 0.0% | 5 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $37.5K | 408 | 0.0% | 1 |
| FIDELITY COVINGTON TRUST | [FENY](https://holderbook.com/stocks/FENY/) | $36.1K | 1,501 | 0.0% | 5 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $34.2K | 144 | 0.0% | 5 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $33.8K | 250 | 0.0% | 5 |
| FIDELITY COVINGTON TRUST | [FDVV](https://holderbook.com/stocks/FDVV/) | $28.4K | 560 | 0.0% | 5 |
| FIDELITY COMWLTH TR | [ONEQ](https://holderbook.com/stocks/ONEQ/) | $27.2K | 380 | 0.0% | 5 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $24.0K | 370 | 0.0% | 5 |
| FIDELITY COVINGTON TRUST | [FDIS](https://holderbook.com/stocks/FDIS/) | $23.1K | 261 | 0.0% | 5 |
| INVESCO EXCHANGE TRADED FD T | [PHO](https://holderbook.com/stocks/PHO/) | $22.9K | 325 | 0.0% | 5 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $20.9K | 215 | 0.0% | 5 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $20.6K | 118 | 0.0% | 5 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $19.7K | 372 | 0.0% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $16.0K | 334 | 0.0% | 5 |
| INVESCO EXCHANGE TRADED FD T | [PPA](https://holderbook.com/stocks/PPA/) | $14.4K | 125 | 0.0% | 5 |
| WISDOMTREE TR | [DLN](https://holderbook.com/stocks/DLN/) | $13.4K | 171 | 0.0% | 5 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $13.3K | 224 | 0.0% | 5 |
| ISHARES INC | [EIS](https://holderbook.com/stocks/EIS/) | $11.7K | 173 | 0.0% | 5 |
| FIDELITY COVINGTON TRUST | [FENI](https://holderbook.com/stocks/FENI/) | $11.1K | 365 | 0.0% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VNQI](https://holderbook.com/stocks/VNQI/) | $10.6K | 227 | 0.0% | 5 |
| ISHARES TR | [EWU](https://holderbook.com/stocks/EWU/) | $9.5K | 254 | 0.0% | 5 |
| ARK ETF TR | [ARKK](https://holderbook.com/stocks/ARKK/) | $6.4K | 135 | 0.0% | 5 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $4.7K | 92 | 0.0% | 5 |
| DIREXION SHARES ETF TRUST | [SPXL](https://holderbook.com/stocks/SPXL/) | $4.3K | 26 | 0.0% | 2 |
| DIREXION SHARES ETF TRUST | [GGLL](https://holderbook.com/stocks/GGLL/) | $4.1K | 110 | 0.0% | 1 |
| INVESCO EXCHANGE TRADED FD T | [XMMO](https://holderbook.com/stocks/XMMO/) | $3.6K | 30 | 0.0% | 1 |
| GLOBAL X FDS | [PAVE](https://holderbook.com/stocks/PAVE/) | $2.8K | 66 | 0.0% | 5 |
| ARK ETF TR | [ARKG](https://holderbook.com/stocks/ARKG/) | $2.7K | 107 | 0.0% | 5 |
| FIDELITY COVINGTON TRUST | [FIDU](https://holderbook.com/stocks/FIDU/) | $2.4K | 33 | 0.0% | 5 |
| VANECK ETF TRUST | [ANGL](https://holderbook.com/stocks/ANGL/) | $1.9K | 64 | 0.0% | 5 |
| ARK ETF TR | [ARKW](https://holderbook.com/stocks/ARKW/) | $1.5K | 17 | 0.0% | 5 |
| ISHARES INC | [PICK](https://holderbook.com/stocks/PICK/) | $561 | 13 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2024 | +6.7% | +5.4% | +1.2% | 100% |
| Q2 2024 | +0.2% | +4.0% | -3.8% | 100% |
| Q1 2024 | +7.1% | +10.0% | -2.9% | 100% |
| Q4 2023 | +10.6% | +11.2% | -0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2024 | $300.6M | 75 |
| Q2 2024 | $301.2M | 81 |
| Q1 2024 | $298.3M | 82 |
| Q4 2023 | $290.6M | 87 |
| Q3 2023 | $211.9M | 79 |