The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 03-31-2022
Check here if Amendment   Amendment Number:
This Amendment (Check only one.):   is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CYNOSURE MANAGEMENT, LLC
Address: 79 SOUTH MAIN ST, 3RD FL
SALT LAKE CITY , UT84111
Form 13F File Number: 028-19282

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Herbert E. Scruggs
Title: Managing Director
Phone: 801-521-3100
Signature, Place, and Date of Signing:
/s/ Herbert E. Scruggs, Managing Director SALT LAKE CITY , UT 05-16-2022
[Signature] [City, State] [Date]
Report Type (Check only one.):
  13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
X 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 25
Form 13F Information Table Value Total: 124,144
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
028-10434 Avalon Investment & Advisory

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name
1 028-10434 Avalon Investment & Advisory


SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T Inc COM 00206R102 4,596 194,482 SH SOLE 194,482 0 0
Broadridge Financial Solutions COM 11133T103 3,038 19,512 SH SOLE 19,512 0 0
Caterpillar Inc COM 149123101 802 3,600 SH SOLE 3,600 0 0
Church & Dwight Inc COM 171340102 3,476 34,975 SH SOLE 34,975 0 0
Cloudflare Inc Cl A Com COM 18915M107 4,097 34,224 SH SOLE 34,224 0 0
Gartner Inc COM 366651107 6,400 21,514 SH SOLE 21,514 0 0
General Electric Co New COM 369604301 2,608 28,498 SH SOLE 28,498 0 0
Goldman Sachs BDC Inc COM 38147U107 8,211 418,695 SH SOLE 418,695 0 0
iShares TR Rus Mid Cap ETF COM 464287499 1,403 17,976 SH SOLE 17,976 0 0
iShares TR U.S. Real Es ETF COM 464287739 429 3,967 SH SOLE 3,967 0 0
Keysight Technologies Inc COM 49338L103 2,398 15,179 SH SOLE 15,179 0 0
MSC Industrial Direct Inc COM 553530106 2,392 28,067 SH SOLE 28,067 0 0
MSCI EAFE IShares ETF COM 464287465 893 12,138 SH SOLE 12,138 0 0
Nordson Corp COM 655663102 2,394 10,542 SH SOLE 10,542 0 0
Russell 2000 Ishares ETF COM 464287655 466 2,272 SH SOLE 2,272 0 0
S&P 500 INDEX Ishares ETF COM 464287200 3,546 7,816 SH SOLE 7,816 0 0
Siteone Landscape Supply Inc COM 82982L103 2,598 16,068 SH SOLE 16,068 0 0
SPDR Blmbg Barclays Convert Se COM 78464A359 321 4,174 SH SOLE 4,174 0 0
Stanley Black & Decker Inc COM 854502101 1,880 13,449 SH SOLE 13,449 0 0
Union Pacific Corp COM 907818108 40,435 148,001 SH SOLE 148,001 0 0
Vanguard FTSE Developed Market COM 921943858 3,491 72,675 SH SOLE 72,675 0 0
Visa Inc COM 92826C839 7,145 32,218 SH SOLE 32,218 0 0
Watsco Inc COM 942622200 11,369 37,320 SH SOLE 37,320 0 0
Wells Fargo Co COM 949746101 8,510 175,599 SH SOLE 175,599 0 0
Guggenheim Funds Tr Risk Mng I M.F. 40168W368 1,248 31,883 SH SOLE 31,883 0 0