Managers / Q2 2020 · view latest →
Cambridge Investment Research Advisors, Inc.
CIK 0001419186 · 1776 PLEASANT PLAIN ROAD, FAIRFIELD, IA, 52556 · 641-472-5100
Reported Value
$13.3B
Q2 2020
Positions
2,454
Filings on Record
31
2019–present window
Filed
Jul 27, 2020
original filing
Summary
Cambridge Investment Research Advisors, Inc. reported $13.3B in U.S.-listed holdings across 2,454 positions for Q2 2020.
Its largest position, IAUUSD, represents 9.9% of the portfolio.
Compared with Q1 2020, the fund opened 301 new positions and exited 118.
Portfolio Metrics
Turnover
+4.2%
vs prior filed quarter
Top-10 Concentration
+34.1%
share of reported value
Largest Position
+9.9%
Ishares
New / Exited
301 / 118
positions this quarter
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- ETP · 62.0% · $8.2B
- Common Stock · 32.9% · $4.4B
- Other · 1.7% · $222M
- Closed-End Fund · 1.4% · $188M
- REIT · 1.1% · $146M
- Other · 0.9% · $121M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FSKRFS KKR CAP CORP II | NEW | +1.99M | 1.99M | +$26M | $26M |
| RTXRAYTHEON TECHNOLOGIES | NEW | +218.4K | 218.4K | +$13M | $13M |
| J P MORGAN EXCHANGE-TRADED | NEW | +433.7K | 433.7K | +$12M | $12M |
| FSKFS KKR CAPITAL | NEW | +693.2K | 693.2K | +$10M | $10M |
| FIRST TR EXCH TRADED FD III HORIZON | NEW | +302.5K | 302.5K | +$7M | $7M |
| HARTFORD FDS EXCHANGE TRADED | NEW | +111.5K | 111.5K | +$5M | $5M |
| USOUNITED STS | NEW | +156.3K | 156.3K | +$4M | $4M |
| ISHARES | NEW | +132.5K | 132.5K | +$4M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2020
365 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IAUUSDISHARES | TR CORE S&P500 ETF · TR MSCI MIN VOL ETF · TR S&P 500 GRWT ETF · TR TIPS BD ETF · TR CORE S&P TTL STK · TR MIN VOL EAFE ETF · TR CORE S&P SCP ETF · TR CORE S&P MCP ETF · TR CORE S&P US GWT · TR CORE MSCI EAFE · TR USA MOMENTUM FCT · TR US TREAS BD ETF · TR MSCI EAFE ETF · TR USA QUALITY FCTR · GOLD TRUST ISHARES · TR ESG MSCI USA ETF · TR CORE DIV GRWTH · TR S&P 500 VAL ETF · TR S&P MC 400VL ETF · TR SH TR CRPORT ETF · TR EAFE GRWTH ETF · U S ETF TR SHT MAT BD ETF · TR CORE MSCI TOTAL · INC CORE MSCI EMKT · TR CORE HIGH DV ETF · TR MSCI EMG MKT ETF · SILVER TR ISHARES · TR CORE 1 5 YR USD · TR EAFE SML CP ETF · TR SHORT TREAS BD · INC ESG MSCI EM ETF · TR EDGE MSCI USA VL · TR MSCI ACWI ETF · TR CORE S&P US VLU · TR INTRM TR CRP ETF · TR S&P SML 600 GWT · INC MIN VOL EMRG MKT · TR MBS ETF · INC MIN VOL GBL ETF · TR S&P MC 400GR ETF · TR CORE TOTAL USD · TR MULTIFACTOR USA · U S ETF TR SHT MAT MUN ETF · TR ULTR SH TRM BD · TR S&P 100 ETF · TR ESG MSCI EAFE · TR EAFE VALUE ETF | 9.90% | $1.3B | 18.35M |
| 2 | VUGVANGUARD INDEX FDS | S&P 500 ETF SHS · TOTAL STK MKT · GROWTH ETF · SMALL CP ETF · VALUE ETF · MID CAP ETF · SML CP GRW ETF · SM CP VAL ETF | 6.84% | $909M | 4.49M |
| 3 | AAPLAPPLEhistory → | INC COM | 3.36% | $447M | 1.23M |
| 4 | VANGUARD BD INDEX FDS | TOTAL BND MRKT · SHORT TRM BOND · LONG TERM BOND | 2.82% | $374M | 4.20M |
| 5 | GQ9SPDR | S&P 500 ETF TR TR UNIT · GOLD TR GOLD SHS · SER TR S&P DIVID ETF · INDEX SHS FDS PORTFOLIO EMG MK · SER TR S&P 600 SMCP GRW · S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP · INDEX SHS FDS PORTFOLIO DEVLPD · SER TR S&P 400 MDCP GRW · SER TR S&P BIOTECH · SER TR BLOOMBERG BRCLYS · SER TR NYSE TECH ETF · SER TR S&P 600 SMCP VAL | 2.55% | $339M | 2.71M |
| 6 | VANGUARD STAR FDS VG TL | INTL STK F | 2.06% | $274M | 5.57M |
| 7 | AMZNAMAZONhistory → | COM INC COM | 1.94% | $258M | 93.7K |
| 8 | NDQINVESCOhistory → | QQQ TR UNIT SER 1 | 1.83% | $243M | 982.2K |
| 9 | MSFTMICROSOFThistory → | CORP COM | 1.53% | $203M | 999.7K |
| 10 | SCHWAB | STRATEGIC TR US LRG CAP ETF · STRATEGIC TR INTL EQTY ETF · STRATEGIC TR US DIVIDEND EQ · STRATEGIC TR INTRM TRM TRES · STRATEGIC TR US AGGREGATE B · STRATEGIC TR US TIPS ETF · STRATEGIC TR SHT TM US TRES · STRATEGIC TR US BRD MKT ETF · STRATEGIC TR US SML CAP ETF | 1.25% | $166M | 2.98M |
| 11 | VANGUARD CHARLOTTE FDS | INTL BD IDX ETF | 1.17% | $155M | 2.69M |
| 12 | WISDOMTREE | TR US QTLY DIV GRT · TR ITL HDG QTLY DIV · TR US LARGECAP DIVD · TR INTL EQUITY FD · TR YIELD ENHANCD US · TR INTL ESG FUND · TR US MIDCAP DIVID · TR INTL MIDCAP DV · TR US MIDCAP FUND · TR EMG MKTS SMCAP · TR US SMALLCAP DIVD | 0.99% | $131M | 3.25M |
| 13 | INVESCO EXCH TRADED FD TR II | S&P500 LOW VOL · S&P MIDCP LOW · PFD ETF · S&P500 HDL VOL · S&P 500 HB ETF | 0.88% | $117M | 3.32M |
| 14 | GOOGLALPHABET INC CAP STK CL | A · C | 0.88% | $116M | 82.2K |
| 15 | VANGUARD SPECIALIZED FUNDS DIV APP | ETF | 0.87% | $116M | 986.4K |
| 16 | VGSHVANGUARD SCOTTSDALE FDS | SHORT TERM TREAS · SHRT TRM CORP BD · INTER TERM TREAS · LONG TERM TREAS | 0.77% | $103M | 1.46M |
| 17 | XLESELECT SECTOR SPDR | TR TECHNOLOGY · TR SBI HEALTHCARE · TR SBI CONS DISCR · TR SBI CONS STPLS · TR ENERGY | 0.76% | $100M | 1.21M |
| 18 | ISHARES TR RUS | 1000 GRW ETF · 1000 VAL ETF · MID CAP ETF · 2000 GRW ETF · 2000 VAL ETF · 1000 ETF · MDCP VAL ETF | 0.75% | $100M | 829.9K |
| 19 | BRK/BBERKSHIRE HATHAWAY INC DEL CL | B NEW · A | 0.74% | $99M | 509.6K |
| 20 | ISHARES TR CORE US AGGBD | ET | 0.73% | $97M | 816.4K |
| 21 | FIRST TR VALUE LINE | DIVID IN SHS | 0.59% | $78M | 2.58M |
| 22 | PIMCO ETF TR ENHAN | SHRT MA AC | 0.59% | $78M | 765.0K |
| 23 | SPDR SER TR PORTFOLIO | S&P500 · SH TSR · AGRGTE · INTRMD · SHORT · LN TSR | 0.58% | $77M | 2.23M |
| 24 | VVISA INC COM CLhistory → | A | 0.57% | $76M | 392.1K |
| 25 | VANGUARD INTL EQUITY INDEX F FTSE | EMR MKT ETF · SMCAP ETF | 0.56% | $75M | 1.72M |
| 26 | VANGUARD INDEX FDS EXTEND | MKT ETF | 0.56% | $74M | 628.3K |
| 27 | ISHARES TR 20 | YR TR BD ETF | 0.56% | $74M | 451.9K |
| 28 | PGPROCTER AND GAMBLEhistory → | CO COM | 0.53% | $71M | 592.7K |
| 29 | VANGUARD TAX-MANAGED FDS FTSE | DEV MKT ETF | 0.53% | $71M | 1.82M |
| 30 | JNJJOHNSON & JOHNSONhistory → | COM | 0.53% | $71M | 502.9K |
| 31 | ISHARES TR BARCLAYS 7 | 10 YR | 0.51% | $68M | 561.6K |
| 32 | VANGUARD BD INDEX FDS INTERMED | TERM | 0.51% | $68M | 725.9K |
| 33 | TAT&Thistory → | INC COM | 0.50% | $66M | 2.18M |
| 34 | METAFACEBOOK INC CLhistory → | A | 0.48% | $64M | 282.7K |
| 35 | NVDANVIDIA CORPORATIONhistory → | COM | 0.44% | $59M | 155.7K |
| 36 | J P MORGAN EXCHANGE-TRADED | F ULTRA SHRT INC · F DIV RTN INT EQ · F US AGGREGATE | 0.44% | $59M | 1.37M |
| 37 | FIRST TR EXCH TRADED FD III HORIZON DMST | ETF | 0.42% | $56M | 2.18M |
| 38 | ISHARES TR 1 3 | YR TREAS BD | 0.42% | $55M | 639.0K |
| 39 | VANGUARD SCOTTSDALE FDS MORTG-BACK | SEC | 0.41% | $55M | 1.01M |
| 40 | BACVERIZON COMMUNICATIONShistory → | INC COM | 0.41% | $54M | 982.9K |
| 41 | HDHOME DEPOThistory → | INC COM | 0.39% | $52M | 207.5K |
| 42 | INVESCO EXCHANGE TRADED | FD T S&P500 EQL WGT · FD T S&P SMLCP LOW · FD T S&P MDCP MOMNTUM · FD T S&P500 EQL STP · FD T S&P ULTRA DIVIDE · FD T S&P500 EQL UTL | 0.39% | $52M | 793.4K |
| 43 | FIRST TR NASDAQ-100 TECH IND CAP STRENGTH | ETF | 0.39% | $51M | 877.8K |
| 44 | DISDISNEY WALThistory → | CO COM DISNEY | 0.38% | $51M | 453.1K |
| 45 | ISHARES TR IBOXX | INV CP ETF | 0.38% | $50M | 373.6K |
| 46 | JPMJPMORGAN CHASE &history → | CO COM | 0.36% | $48M | 511.2K |
| 47 | VANGUARD WHITEHALL FDS | HIGH DIV YLD | 0.36% | $48M | 608.6K |
| 48 | VANGUARD | WORLD FD MEGA GRWTH IND · WORLD FD MEGA CAP VAL ETF · WORLD FD MEGA CAP INDEX | 0.36% | $47M | 406.9K |
| 49 | MAMASTERCARD INCORPORATED CLhistory → | A | 0.33% | $44M | 150.5K |
| 50 | PFEPFIZERhistory → | INC COM | 0.33% | $43M | 1.33M |
| 51 | VDEVANGUARD WORLD FDS | INF TECH ETF · ENERGY ETF | 0.31% | $41M | 232.0K |
| 52 | FIRST TR EXCHANGE-TRADED FD FST LOW OPPT | EFT | 0.31% | $41M | 786.5K |
| 53 | ABBVABBVIEhistory → | INC COM | 0.31% | $41M | 413.8K |
| 54 | EXMOCEXXON MOBILhistory → | CORP COM | 0.30% | $40M | 901.6K |
| 55 | ISHARES TR RUSSELL | 2000 ETF · 3000 ETF | 0.30% | $40M | 269.6K |
| 56 | INTCINTELhistory → | CORP COM | 0.29% | $39M | 650.3K |
| 57 | ARK ETF TR INNOVATION | ETF | 0.28% | $37M | 514.0K |
| 58 | WMTWALMARThistory → | INC COM | 0.27% | $36M | 303.9K |
| 59 | SCHWAB STRATEGIC TR US LCAP | GR ETF | 0.27% | $35M | 348.2K |
| 60 | BABOEINGhistory → | CO COM | 0.26% | $35M | 190.8K |
| 61 | FIDELITY COVINGTON | TR MSCI INFO TECH I · TR MSCI UTILS INDEX · TR MSCI HLTH CARE I · TR MSCI FINLS IDX | 0.26% | $35M | 711.7K |
| 62 | PIMCO ETF TR ACTIVE | BD ETF | 0.26% | $34M | 306.9K |
| 63 | VDCVANGUARD WORLD FDS CONSUM | STP ETF · DIS ETF | 0.26% | $34M | 218.2K |
| 64 | CSCOCISCO SYShistory → | INC COM | 0.25% | $34M | 724.5K |
| 65 | MRKMERCK & CO.history → | INC COM | 0.25% | $33M | 424.5K |
| 66 | NFLXNETFLIXhistory → | INC COM | 0.25% | $33M | 71.9K |
| 67 | PACER FDS TR TRENDP US LAR | CP | 0.24% | $32M | 1.19M |
| 68 | LMTLOCKHEED MARTINhistory → | CORP COM | 0.24% | $32M | 88.0K |
| 69 | PEPPEPSICOhistory → | INC COM | 0.24% | $32M | 240.7K |
| 70 | CHVCHEVRONhistory → | CORP NEW COM | 0.24% | $32M | 356.5K |
| 71 | PROSHARES | TR S&P 500 DV ARIST · TR LARGE CAP CRE | 0.24% | $31M | 459.6K |
| 72 | VANGUARD WORLD FDS HEALTH CAR | ETF | 0.23% | $31M | 160.5K |
| 73 | FIRST TR EXCH TRADED FD III HORIZON | MNGD ETF · VOL SMCP | 0.23% | $30M | 1.13M |
| 74 | ISHARES TR 3 7 | YR TREAS BD | 0.22% | $29M | 215.6K |
| 75 | UNHUNITEDHEALTH GROUPhistory → | INC COM | 0.22% | $29M | 97.0K |
| 76 | ADBEADOBEhistory → | INC COM | 0.21% | $28M | 65.1K |
| 77 | VANGUARD INDEX FDS REAL ESTATE | ETF | 0.21% | $28M | 360.1K |
| 78 | FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 0.21% | $28M | 1.51M |
| 79 | VANGUARD INDEX FDS LARGE | CAP ETF | 0.21% | $28M | 192.6K |
| 80 | XLUSELECT SECTOR SPDR TR SB | INT-UTILS · INT-FINL | 0.20% | $27M | 721.4K |
| 81 | BABAALIBABA GROUP HLDG LTD SPONSOREDhistory → | ADS | 0.20% | $27M | 125.9K |
| 82 | FIRST TR NASDAQ-100 TECH IND DJ | INTERNT IDX | 0.20% | $27M | 157.7K |
| 83 | FIRST TR EXCHANGE-TRADED FD DORSEY | WRT 5 ETF | 0.20% | $27M | 833.9K |
| 84 | GOLDMAN SACHS ETF TR ACCES | TREASURY | 0.20% | $27M | 266.3K |
| 85 | AMPLIFY ETF TR BLACKSWAN | GRWT | 0.20% | $27M | 871.4K |
| 86 | BMYBRISTOL-MYERS SQUIBBhistory → | CO COM | 0.20% | $26M | 442.6K |
| 87 | SPDR SER TR BLMBRG BRC | CNVRT | 0.20% | $26M | 429.7K |
| 88 | MCDMCDONALDShistory → | CORP COM | 0.20% | $26M | 140.8K |
| 89 | FSKRFS KKR CAP CORP IIhistory → | COM | 0.19% | $26M | 1.99M |
| 90 | COSTCOSTCO WHSLhistory → | CORP NEW COM | 0.19% | $25M | 84.0K |
| 91 | SBUXSTARBUCKShistory → | CORP COM | 0.19% | $25M | 341.8K |
| 92 | SSGA ACTIVE ETF TR SPDR | TR TACTIC | 0.19% | $25M | 505.3K |
| 93 | PYPLPAYPAL HLDGShistory → | INC COM | 0.19% | $25M | 142.0K |
| 94 | SPDR DOW JONES INDL AVERAGE | UT SER 1 | 0.19% | $25M | 95.7K |
| 95 | ISHARES TR RUS MD | CP GR ETF | 0.18% | $24M | 153.9K |
| 96 | SPDR SER TR PORTFOLI | S&P1500 | 0.18% | $24M | 629.8K |
| 97 | IBMINTERNATIONAL BUSINESS MACHShistory → | COM | 0.18% | $24M | 195.8K |
| 98 | VANGUARD SCOTTSDALE FDS INT-TERM | CORP | 0.18% | $24M | 247.1K |
| 99 | KOCOCA COLAhistory → | CO COM | 0.18% | $23M | 523.1K |
| 100 | VANECK VECTORS ETF TR GOLD MINERS | ETF | 0.18% | $23M | 635.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $39M | 3,924 | Apr 30, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $38M | 3,812 | Feb 5, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $36M | 3,715 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $33M | 3,608 | Jul 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $30M | 3,495 | Apr 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $30M | 3,460 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $29M | 3,409 | Oct 28, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $27M | 3,309 | Jul 26, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $26M | 3,302 | Apr 24, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $23M | 3,184 | Feb 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $21M | 3,133 | Oct 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $22M | 3,165 | Jul 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $20M | 3,149 | May 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | Under review | 3,099 | Feb 8, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $17.7B | 3,050 | Oct 17, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $18.6B | 3,040 | Jul 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $21.8B | 3,156 | May 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $22.4B | 3,165 | Feb 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $20.3B | 3,083 | Nov 2, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $20.9B | 3,083 | Aug 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $18.4B | 2,861 | May 7, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $17.1B | 2,705 | Feb 4, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $14.8B | 2,513 | Oct 29, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $13.3B | 2,454 | Jul 27, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $10.4B | 2,271 | May 8, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $13.0B | 2,403 | Feb 4, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $11.4B | 2,339 | Nov 6, 2019 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2019 | $10.9B | 2,199 | Aug 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $10.5B | 2,273 | May 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $9.0B | 2,145 | Feb 5, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.