Cambridge Investment Research Advisors, Inc.

CIK

1419186

Location

FAIRFIELD, IA

Portfolio Value

Large $15,022,611,352

Diversification

Diversified

Filing Date

Global Rank

#321 / 8,616 ▲ 9 · as of Mar 2026

Top Industry

Semiconductors 12.1%

3Y Alpha vs SPY

-1.5%

Period ended 4 months ago

Filed Apr 30, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+66.9%

SPY

+73.3%

Annualised alpha

-1.5%

Max drawdown

−18.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

1,941 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.4%

−0.4 pts

Top 5

25.4%

−1.9 pts

Top 10

35.6%

−2.4 pts

HHI

190

Diversified−21

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.2%	$4,243,807,143	238
Financial Services	14.2%	$2,132,972,906	491
Unclassified	12.3%	$1,842,854,509	53
Industrials	8.2%	$1,238,122,707	252
Consumer Cyclical	8.0%	$1,197,657,219	166
Healthcare	6.7%	$1,012,623,851	198
Communication Services	5.6%	$843,683,774	57
Consumer Defensive	5.5%	$823,897,659	78
Energy	4.8%	$717,726,029	108
Utilities	2.7%	$404,604,443	66
Basic Materials	2.1%	$316,161,187	125
Real Estate	1.7%	$248,499,925	109

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CCIF	Carlyle Credit Income Fund	+700,108	1,107,342	$3,554,567
WWR	Westwater Resources, Inc.	+604,618	1,210,735	$786,977
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	+480,962	593,941	$9,544,631
CLM	Cornerstone Strategic Investment Fund, Inc.	+478,353	1,039,930	$7,570,690
PSLV	Sprott Physical Silver Trust	+450,489	1,595,772	$38,920,879
CRF	Cornerstone Total Return Fund Inc	+438,115	455,663	$3,166,857
T	At&T Inc.	+221,733	2,745,169	$79,582,449
GUT	Gabelli Utility Trust	+186,429	596,499	$3,608,818
NVDA	Nvidia Corp	+168,360	5,674,949	$989,711,105
NVTS	Navitas Semiconductor Corp	+133,979	154,748	$1,357,139
IOVA	Iovance Biotherapeutics, Inc.	+130,976	168,869	$592,730
ET	Energy Transfer LP	+120,065	2,130,483	$41,118,321
VZLA	Vizsla Silver Corp.	+107,554	244,028	$805,292
CDE	Coeur Mining, Inc.	+93,865	237,966	$4,466,621
PR	Permian Resources Corp	+87,244	128,560	$2,740,899
OIA	Invesco Municipal Income Opportunities Trust	+87,090	114,740	$704,503
MQY	Blackrock Muniyield Quality Fund, Inc.	+86,053	122,699	$1,347,235
MHD	Blackrock Muniholdings Fund, Inc.	+83,533	127,592	$1,439,237
BPRE	Bluerock Private Real Estate Fund	+83,382	4,465,388	$74,170,094
FSK	FS KKR Capital Corp	+81,808	1,668,757	$16,987,946
PDI	PIMCO Dynamic Income Fund	+78,363	1,179,092	$20,174,264
UGI	Ugi Corp /Pa/	+75,941	135,797	$4,945,726
EMF	Templeton Emerging Markets Fund	+75,252	88,119	$1,541,201
RNP	Cohen & Steers REIT & Preferred & Income Fund Inc	+75,143	128,450	$2,538,172
EXEL	Exelixis, Inc.	+74,167	159,749	$6,851,634
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
FSCO	FS Credit Opportunities Corp.	−430,406	3,810,812	$19,435,141
RCS	Pimco Strategic Income Fund, Inc.	−241,008	1,263,079	$6,770,103
PZG	Paramount Gold Nevada Corp.	−207,129	238,599	$396,074
QS	QuantumScape Corp	−176,306	156,509	$998,527
EU	enCore Energy Corp.	−171,373	20,195	$36,351
OPTT	Ocean Power Technologies, Inc.	−165,200	297,000	$103,950
BP	Bp PLC	−129,898	380,437	$17,880,539
PKST	Peakstone Realty Trust	−126,550	75,518	$1,577,571
UUP	Invesco DB US Dollar Index Bullish Fund	−111,201	25,690	$713,668
PLTR	Palantir Technologies Inc.	−103,398	1,070,893	$156,650,228
AI	C3.ai, Inc.	−98,775	38,617	$325,155
NIO	NIO Inc.	−93,085	103,539	$624,340
DKNG	DraftKings Inc.	−84,030	43,462	$939,648
ASM	Avino Silver & Gold Mines Ltd	−84,001	219,481	$1,387,119
UBER	Uber Technologies, Inc	−81,928	295,487	$21,254,379
KGC	Kinross Gold Corp	−78,517	93,235	$2,845,532
KHC	Kraft Heinz Co	−72,638	480,810	$10,813,416
TE	T1 Energy Inc.	−68,573	415,864	$1,825,642
MPLX	Mplx LP	−67,612	92,065	$5,254,149
RFI	Cohen & Steers Total Return Realty Fund Inc	−64,373	196,954	$2,194,067
BXSL	Blackstone Secured Lending Fund	−55,564	149,740	$3,547,340
IAUX	i-80 Gold Corp.	−53,701	310,001	$471,201
IAU	Ishares Gold Trust	−52,681	960,561	$84,683,057
SPY	Spdr S&P 500 ETF Trust	−52,120	643,723	$418,638,815
ARCC	Ares Capital Corp	−52,073	999,415	$18,009,458
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	66,149	$13,045,905
MZTI	Marzetti Co	17,892	$2,475,000
BNO	United States Brent Oil Fund, LP	37,643	$1,957,812
PNFP	Pinnacle Financial Partners, Inc.	21,777	$1,875,870
AMCR	Amcor plc	44,138	$1,754,485
RVMD	Revolution Medicines, Inc.	16,425	$1,597,331
AMN	Amn Healthcare Services Inc	86,308	$1,582,888
SNDA	Sonida Senior Living, Inc.	45,513	$1,467,794
PLTM	GraniteShares Platinum Trust	71,973	$1,361,009
CETX	Cemtrex Inc	189,850	$1,186,562
SWMR	Swarmer, Inc	24,851	$1,172,967
SYNA	SYNAPTICS Inc	16,369	$1,146,484
SWBI	Smith & Wesson Brands, Inc.	79,399	$1,137,787
MITK	Mitek Systems Inc	78,103	$1,054,390
MXF	Mexico Fund Inc	47,231	$988,544
CTGO	Contango Silver & Gold Inc.	41,373	$775,743
GOLD	Gold.com, Inc.	19,192	$769,215
AXIA	AXIA Energia S.A.	63,612	$717,543
AMPX	Amprius Technologies, Inc.	39,689	$669,156
NRK	Nuveen New York Amt-Free Quality Municipal Income Fund	64,893	$662,557
NYT	New York Times Co	7,848	$657,113
SCZM	Santacruz Silver Mining Ltd.	75,459	$646,683
SM	SM Energy Co	18,239	$568,692
BLDP	Ballard Power Systems Inc.	229,679	$555,823
KBR	Kbr, Inc.	14,921	$549,988
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
BXMX	Nuveen S&P 500 BuyWrite Income Fund	532,098	$7,821,840
CMCT	Creative Media & Community Trust Corp	18,967	$7,036,757
NGD	New Gold Inc. /FI	343,774	$2,994,271
EXAS	EXACT SCIENCES CORP	27,703	$2,813,516
POST	Post Holdings, Inc.	24,485	$2,425,239
XFLT	XAI Floating Rate & Alternative Income Trust	90,261	$2,166,264
DBRG	DigitalBridge Group, Inc.	116,346	$1,784,747
FUBO	FuboTV Inc.	45,008	$1,361,041
INSP	Inspire Medical Systems, Inc.	12,592	$1,161,360
VVX	V2X, Inc.	18,774	$1,024,121
SAM	Boston Beer Co Inc	5,223	$1,019,163
GBX	Greenbrier Companies Inc	18,132	$847,489
POET	Poet Technologies Inc.	128,356	$812,493
VNT	Vontier Corp	21,660	$805,318
ALM	Almonty Industries Inc.	85,736	$755,334
STRW	Strawberry Fields REIT, Inc.	51,404	$673,392
VIPS	Vipshop Holdings Ltd	37,517	$663,675
TIGR	UP Fintech Holding Ltd	68,748	$657,230
TDC	Teradata Corp /De/	19,642	$597,902
TME	Tencent Music Entertainment Group	32,914	$576,982
IOT	Samsara Inc.	16,008	$567,483
DVS	DOLLY VARDEN SILVER CORP	128,280	$565,714
NUAI	New ERA Energy & Digital, Inc.	192,241	$563,266
ESNT	Essent Group Ltd.	8,663	$563,181
BFH	Bread Financial Holdings, Inc.	7,388	$546,933
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,941 positions · $15,022,611,352 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,941 positions by value · page 1 of 39

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Added	4,385,052	+7,347	$1,112,882,347	−6.5%	7.41%
NVDA	Nvidia Corp Technology	Added	5,674,949	+168,360	$989,711,105	−3.6%	6.59%
QQQ	Invesco Qqq Trust, Series 1	Reduced	1,272,210	-48,398	$734,294,167	−9.5%	4.89%
AMZN	Amazon Com Inc Consumer Cyclical	Added	2,445,594	+19,996	$509,343,862	−9.0%	3.39%
MSFT	Microsoft Corp Technology	Added	1,281,790	+47,788	$474,480,204	−20.5%	3.16%
SPY	Spdr S&P 500 ETF Trust	Reduced	643,723	-52,120	$418,638,815	−11.8%	2.79%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	741,877	-45,581	$355,507,458	−10.2%	2.37%
GOOGL	Alphabet Inc. Communication Services	Added	1,004,911	+30,471	$288,972,207	−5.3%	1.92%
GLD	Spdr Gold Trust	Reduced	584,011	-8,587	$251,294,093	+7.0%	1.67%
AVGO	Broadcom Inc. Technology	Added	690,788	+16,977	$213,805,793	−8.3%	1.42%
JPM	Jpmorgan Chase & Co Financial Services	Added	685,325	+40,731	$201,595,202	−2.9%	1.34%
META	Meta Platforms, Inc. Communication Services	Reduced	338,386	-6,681	$193,600,782	−15.0%	1.29%
XOM	ExxonMobil Holdings Corp Energy	Reduced	1,134,033	-18,234	$192,400,038	+38.8%	1.28%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	494,824	-2,899	$183,950,822	−17.8%	1.22%
WMT	Walmart Inc. Consumer Defensive	Added	1,356,955	+35,004	$168,642,367	+14.5%	1.12%
LLY	ELI LILLY & Co Healthcare	Reduced	173,486	-488	$159,567,218	−14.7%	1.06%
PLTR	Palantir Technologies Inc. Technology	Reduced	1,070,893	-103,398	$156,650,228	−25.0%	1.04%
CAT	Caterpillar Inc Industrials	Reduced	210,622	-3,301	$149,217,262	+21.8%	0.99%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	138,765	+1,826	$138,269,608	+17.1%	0.92%
ABBV	AbbVie Inc. Healthcare	Added	552,320	+7,103	$120,124,076	−3.6%	0.80%
JNJ	Johnson & Johnson Healthcare	Added	477,473	+6,086	$116,713,500	+19.6%	0.78%
V	Visa Inc. Financial Services	Reduced	383,307	-4,991	$115,850,707	−14.9%	0.77%
CVX	Chevron Corp Energy	Added	545,053	+18,248	$112,771,465	+40.5%	0.75%
PHYS	Sprott Physical Gold Trust Financial Services	Added	3,082,329	+47,028	$109,237,739	+9.0%	0.73%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	740,096	+5,136	$106,899,466	+1.5%	0.71%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	272,439	+6,057	$92,070,760	+13.7%	0.61%
AMD	Advanced Micro Devices Inc Technology	Added	437,382	+22,991	$88,976,620	+0.3%	0.59%
IAU	Ishares Gold Trust	Reduced	960,561	-52,681	$84,683,057	+3.0%	0.56%
NFLX	Netflix Inc Communication Services	Reduced	836,545	-17,108	$80,433,801	+0.5%	0.54%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	243,045	-5,991	$79,935,070	−6.7%	0.53%
T	At&T Inc. Communication Services	Added	2,745,169	+221,733	$79,582,449	+27.0%	0.53%
VZ	Verizon Communications Inc Communication Services	Added	1,566,220	+63,673	$78,624,244	+28.5%	0.52%
IBM	International Business Machines Corp Technology	Reduced	323,805	-156	$78,487,093	−18.2%	0.52%
BPRE	Bluerock Private Real Estate Fund Financial Services	Added	4,465,388	+83,382	$74,170,094	+12.8%	0.49%
MU	Micron Technology Inc Technology	Added	214,597	+17,336	$72,499,450	+28.8%	0.48%
MCD	Mcdonalds Corp Consumer Cyclical	Added	210,963	+10,284	$65,565,190	+6.9%	0.44%
KO	Coca Cola Co Consumer Defensive	Added	834,110	+12,752	$63,434,065	+10.5%	0.42%
MA	Mastercard Inc Financial Services	Reduced	123,554	-5,414	$61,734,991	−16.1%	0.41%
GEV	GE Vernova Inc. Industrials	Added	69,319	+8,511	$60,508,555	+52.3%	0.40%
CSCO	Cisco Systems, Inc. Technology	Added	771,948	+15,046	$59,895,445	+2.7%	0.40%
RTX	RTX Corp Industrials	Added	307,794	+18,284	$59,373,462	+11.8%	0.40%
NEE	Nextera Energy Inc Utilities	Reduced	619,218	-1,237	$57,512,967	+15.5%	0.38%
SLV	iShares Silver Trust	Added	840,102	+24,461	$57,244,550	+8.9%	0.38%
GE	General Electric Co Industrials	Added	192,000	+9,202	$54,483,840	−3.2%	0.36%
PEP	Pepsico Inc Consumer Defensive	Added	344,198	+6,100	$53,450,507	+10.2%	0.36%
LMT	Lockheed Martin Corp Industrials	Added	85,742	+4,365	$51,821,607	+31.7%	0.34%
MO	Altria Group, Inc. Consumer Defensive	Reduced	765,515	-11,676	$50,516,334	+12.7%	0.34%
PFE	Pfizer Inc Healthcare	Reduced	1,792,017	-29,983	$50,319,837	+10.9%	0.33%
MRK	Merck & Co., Inc. Healthcare	Reduced	411,342	-10,588	$49,480,329	+11.4%	0.33%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Reduced	105,246	-9,460	$48,748,894	−11.6%	0.32%