13F
中
← All fund report cards

Synergy Asset Management, LLC

13F equity value
$942M
Positions
252
Top 10 concentration
44.0%
Quarters / total new picks
20 / 672
13F equity value over time
$0M$1B$3B2020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it. Buying this fund's new positions the day each filing went public, over 20 quarters, returned +4.0% per quarter versus +1.8% from owning every 13F stock, beating that baseline in 70.0% of quarters (excess t = 2.45, statistically significant). Caveat: across all 5,072 funds we tested, past performance shows near-zero persistence (rank correlation −0.018) — with thousands of funds, some will look significant by chance alone.

Avg 2Q excess
+4.3%
t-stat
2.45
Quarterly win rate
70%
Annualized excess
+9.8%
$1 → follow vs universe
$2.08 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920230930: universe 0.95220231231: universe 0.99520240331: universe 1.01720240630: universe 1.11020240930: universe 1.10020241231: universe 1.02720250331: universe 1.11920250630: universe 1.15520250930: universe 1.29820251231: universe 1.343 20210331: follow 0.98620210630: follow 1.11920210930: follow 1.18620211231: follow 1.02820220331: follow 1.04620220630: follow 1.01220220930: follow 1.06220221231: follow 1.02020230331: follow 1.02520230630: follow 1.03720230930: follow 1.12420231231: follow 1.21320240331: follow 1.26920240630: follow 1.33620240930: follow 1.33120241231: follow 1.26820250331: follow 1.44520250630: follow 1.50920250930: follow 1.84420251231: follow 2.086 0.76 1.51 2.25 20212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 252 · 2026 Q1

Ticker Value Weight QoQ
BIL $96M
10.2%
ADD
MSFT $53M
5.7%
TRIM
NVDA $50M
5.3%
TRIM
AAPL $40M
4.3%
TRIM
SGOV $39M
4.1%
TRIM
GOOGL $31M
3.3%
HOLD
AMZN $31M
3.3%
ADD
AVGO $26M
2.8%
ADD
META $25M
2.6%
TRIM
ORKA $23M
2.5%
ADD
V $21M
2.2%
ADD
COST $19M
2.1%
TRIM
APH $18M
1.9%
NEW
ANAB $18M
1.9%
NEW
DLB $17M
1.8%
NEW
ASND $16M
1.7%
NEW
MLI $15M
1.6%
ADD
IDCC $13M
1.4%
NEW
VTI $13M
1.4%
ADD
MUX $12M
1.3%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

ALSNAMATAMCRAMLPAMPANABAPHASMLASNDAVUVBCIBKHBSOLBTGBULLCDECIFRCOPCORZCRCLDBCDLBEFAEHCEMREPPETHAETORFANGFDL

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.