Cambridge Investment Research Advisors, Inc.
Long book
$38.80B
Q1 2026
Positions
3924
Top-10 weight
19%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsCambridge Investment Research Advisors, Inc. is a wealth-management firm allocating client money, running a $38.80B US long book across 3924 positions.
The portfolio is broadly diversified across 3924 positions (top 10 only 19%). Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD S&P 500 ETF, APPLE INC, NVIDIA CORP, ISHARES CORE S&P 500 ETF, INVESCO QQQ TRUST SERIES 1.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.7%
Q2 2024
+5.9%
Q3 2024
+1.1%
Q4 2024
-2.4%
Q1 2025
+8.8%
Q2 2025
+7.6%
Q3 2025
+2.3%
Q4 2025
-1.5%
Q1 2026
+11.8%
Sector allocation
Technology 39%
Industrials 11%
Financials 11%
Consumer discretionary 10%
Healthcare 7%
Utilities 5%
Energy 4%
Services media 4%
Long book by quarter
What does Cambridge Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 4.4M | $1.11B | 2.9% | +0.2% |
| NVDA NVIDIA CORP | Technology | 5.7M | $989.7M | 2.6% | +3.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.4M | $509.3M | 1.3% | +0.8% |
| MSFT MICROSOFT CORP | Technology | 1.3M | $474.5M | 1.2% | +3.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 741.9K | $355.5M | 0.9% | -5.8% |
| GOOGL ALPHABET INC-CL A | Technology | 1.0M | $289.0M | 0.7% | +3.1% |
| GOOG ALPHABET INC-CL C | Technology | 936.9K | $268.8M | 0.7% | -2.5% |
| AVGO BROADCOM INC | Technology | 690.8K | $213.8M | 0.6% | +2.5% |
| JPM JPMORGAN CHASE & CO | Financials | 685.3K | $201.6M | 0.5% | +6.3% |
| META META PLATFORMS INC-CLASS A | Technology | 338.4K | $193.6M | 0.5% | -1.9% |
| XOM EXXON MOBIL CORP | Energy | 1.1M | $192.4M | 0.5% | -1.6% |
| TSLA TESLA INC | Industrials | 494.8K | $184.0M | 0.5% | -0.6% |
| WMT WALMART INC | Consumer discretionary | 1.4M | $168.6M | 0.4% | +2.6% |
| LLY ELI LILLY & CO | Healthcare | 173.5K | $159.6M | 0.4% | -0.3% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 1.1M | $156.7M | 0.4% | -8.8% |
| CAT CATERPILLAR INC | Industrials | 210.6K | $149.2M | 0.4% | -1.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 138.8K | $138.3M | 0.4% | +1.3% |
| ABBV ABBVIE INC | Healthcare | 552.3K | $120.1M | 0.3% | +1.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 477.5K | $116.7M | 0.3% | +1.3% |
| V VISA INC-CLASS A SHARES | Services media | 383.3K | $115.9M | 0.3% | -1.3% |
| CVX CHEVRON CORP | Energy | 545.1K | $112.8M | 0.3% | +3.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 740.1K | $106.9M | 0.3% | +0.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 437.4K | $89.0M | 0.2% | +5.5% |
| NFLX NETFLIX INC | Services media | 836.5K | $80.4M | 0.2% | -2.0% |
| HD HOME DEPOT INC | Consumer discretionary | 243.0K | $79.9M | 0.2% | -2.4% |
| T AT&T INC | Communications | 2.7M | $79.6M | 0.2% | +8.8% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 1.6M | $78.6M | 0.2% | +4.2% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 323.8K | $78.5M | 0.2% | 0.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 3924 | $38.80B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 3812 | $37.84B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 3715 | $36.41B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 3608 | $32.88B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 22, 2025 | 3495 | $29.64B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 3460 | $29.93B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 3409 | $29.40B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 3309 | $27.06B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 24, 2024 | 3302 | $25.99B | $K fixed canonical | SEC ↗ |