SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Cambridge Investment Research Advisors, Inc.

CIK 0001419186 · 1776 PLEASANT PLAIN ROAD, FAIRFIELD, IA, 52556 · 641-472-5100

Reported Value
$17.1B
Q4 2020
Positions
2,705
Filings on Record
31
2019–present window
Filed
Feb 4, 2021
original filing

Summary

Cambridge Investment Research Advisors, Inc. reported $17.1B in U.S.-listed holdings across 2,705 positions for Q4 2020.

Its largest position, AAPL, represents 4.0% of the portfolio.

Compared with Q3 2020, the fund opened 322 new positions and exited 130.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+20.9%
share of reported value
Largest Position
+4.0%
Apple
New / Exited
322 / 130
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. 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
Q4 ’18: $9.0BQ4 ’18Q1 ’19: $10.5BQ2 ’19: $10.9BQ3 ’19: $11.4BQ4 ’19: $13.0BQ4 ’19Q1 ’20: $10.4BQ2 ’20: $13.3BQ3 ’20: $14.8BQ4 ’20: $17.1BQ4 ’20Q1 ’21: $18.4BQ2 ’21: $20.9BQ3 ’21: $20.3BQ4 ’21: $22.4BQ4 ’21Q1 ’22: $21.8BQ2 ’22: $18.6BQ3 ’22: $17.7BQ1 ’23: $20MQ1 ’23Q2 ’23: $22MQ3 ’23: $21MQ4 ’23: $23MQ1 ’24: $26MQ1 ’24Q2 ’24: $27MQ3 ’24: $29MQ4 ’24: $30MQ1 ’25: $30MQ1 ’25Q2 ’25: $33MQ3 ’25: $36MQ4 ’25: $38MQ1 ’26: $39MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 62.4%Common Stock: 33.1%Other: 1.4%Closed-End Fund: 1.3%REIT: 1.0%Other: 0.8%
  • ETP · 62.4% · $10.7B
  • Common Stock · 33.1% · $5.7B
  • Other · 1.4% · $244M
  • Closed-End Fund · 1.3% · $217M
  • REIT · 1.0% · $165M
  • Other · 0.8% · $142M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INVESCO EXCHANGE TRADED FD T DYNMCNEW+158.2K158.2K+$6M$6M
CAPEUSDBARCLAYS BANK PLCNEW+34.9K34.9K+$6M$6M
SCHWAB STRATEGIC TR INTL SCEQTNEW+164.4K164.4K+$6M$6M
MSOSADVISORSHARES TR PURENEW+142.2K142.2K+$5M$5M
ETF SER SOLUTIONS AAMNEW+199.3K199.3K+$5M$5M
VERVEREITNEW+130.0K130.0K+$5M$5M
J P MORGAN EXCHANGE-TRADEDNEW+86.7K86.7K+$5M$5M
FIRST TR EXCHNG TRADED FD VI VESTNEW+148.6K148.6K+$5M$5M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2020

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VUGVANGUARD INDEX FDSS&P 500 ETF SHS · TOTAL STK MKT · GROWTH ETF · VALUE ETF · SMALL CP ETF6.90%$1.2B4.68M
2ISHARESTR CORE S&P500 ETF · TR S&P 500 GRWT ETF · TR MSCI USA MIN VOL · TR TIPS BD ETF · TR CORE S&P SCP ETF · TR S&P 500 VAL ETF · TR CORE MSCI EAFE4.79%$820M7.69M
3AAPLAPPLEhistory →INC COM3.99%$682M5.14M
4VANGUARD BD INDEX FDSTOTAL BND MRKT · SHORT TRM BOND · LONG TERM BOND2.64%$452M5.06M
5VANGUARD STAR FDS VG TLINTL STK F2.47%$422M7.02M
6NDQINVESCO QQQ TR UNIT SERhistory →12.01%$343M1.09M
7AMZNAMAZONhistory →COM INC COM1.74%$298M91.6K
8GQ9SPDRS&P 500 ETF TR TR UNIT · GOLD TR GOLD SHS1.61%$275M1.00M
9MSFTMICROSOFThistory →CORP COM1.30%$223M1.00M
10VANGUARD CHARLOTTE FDSINTL BD IDX ETF1.14%$195M3.33M
11VANGUARD INDEX FDS EXTENDMKT ETF1.08%$184M1.12M
12VANGUARD SPECIALIZED FUNDS DIV APPETF0.92%$157M1.11M
13GOOGLALPHABETINC CAP STK CL A · INC CAP STK CL C0.80%$136M77.7K
14VANGUARD TAX-MANAGED INTL FD FTSEDEV MKT ETF0.75%$128M2.71M
15ARK ETF TR INNOVATIONETF0.65%$111M894.8K
16BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.61%$104M449.9K
17TSLATESLAhistory →INC COM0.59%$101M142.8K
18ISHARES TR CORE US AGGBDET0.58%$100M843.6K
19FIRST TR VALUE LINEDIVID IN SHS0.54%$92M2.62M
20VVISAhistory →INC COM CL A0.50%$86M392.3K
21BMYBRISTOL-MYERS SQUIBBhistory →CO COM0.49%$84M1.35M
22DISDISNEY WALThistory →CO COM0.48%$83M455.6K
23VANGUARD INTL EQUITY INDEX F FTSEEMR MKT ETF0.46%$79M1.59M
24ISHARES TR IBOXXINV CP ETF0.46%$78M565.7K
25JNJJOHNSON & JOHNSONhistory →COM0.46%$78M496.3K
26PGPROCTER AND GAMBLEhistory →CO COM0.45%$77M554.7K
27VANGUARD BD INDEX FDS INTERMEDTERM0.43%$74M794.9K
28SELECT SECTOR SPDRTR TECHNOLOGY0.42%$71M548.7K
29METAFACEBOOKhistory →INC CL A0.42%$71M260.6K
30JPMJPMORGAN CHASE &history →CO COM0.41%$71M557.6K
31ISHARES TR RUSSELL2000 ETF0.41%$70M359.6K
32SPDR SER TR PORTFOLIOS&P5000.41%$70M1.60M
33VANGUARD SCOTTSDALE FDS MORTG-BACKSEC0.40%$68M1.26M
34TAT&Thistory →INC COM0.39%$67M2.33M
35NVDANVIDIA CORPORATIONhistory →COM0.39%$67M128.5K
36FIRST TR EXCHANGE-TRADED FD CAP STRENGTHETF0.39%$66M979.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$39M3,924Apr 30, 202613F-HRchanges · EDGAR ↗
Q4 2025$38M3,812Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$36M3,715Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$33M3,608Jul 31, 202513F-HRchanges · EDGAR ↗
Q1 2025$30M3,495Apr 22, 202513F-HRchanges · EDGAR ↗
Q4 2024$30M3,460Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$29M3,409Oct 28, 202413F-HRchanges · EDGAR ↗
Q2 2024$27M3,309Jul 26, 202413F-HRchanges · EDGAR ↗
Q1 2024$26M3,302Apr 24, 202413F-HRchanges · EDGAR ↗
Q4 2023$23M3,184Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$21M3,133Oct 24, 202313F-HRchanges · EDGAR ↗
Q2 2023$22M3,165Jul 13, 202313F-HRchanges · EDGAR ↗
Q1 2023$20M3,149May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review3,099Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$17.7B3,050Oct 17, 202213F-HRchanges · EDGAR ↗
Q2 2022$18.6B3,040Jul 13, 202213F-HRchanges · EDGAR ↗
Q1 2022$21.8B3,156May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$22.4B3,165Feb 3, 202213F-HRchanges · EDGAR ↗
Q3 2021$20.3B3,083Nov 2, 202113F-HRchanges · EDGAR ↗
Q2 2021$20.9B3,083Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$18.4B2,861May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$17.1B2,705Feb 4, 202113F-HRchanges · EDGAR ↗
Q3 2020$14.8B2,513Oct 29, 202013F-HRchanges · EDGAR ↗
Q2 2020$13.3B2,454Jul 27, 202013F-HRchanges · EDGAR ↗
Q1 2020$10.4B2,271May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$13.0B2,403Feb 4, 202013F-HRchanges · EDGAR ↗
Q3 2019$11.4B2,339Nov 6, 2019RESTATEMENTchanges · EDGAR ↗
Q2 2019$10.9B2,199Aug 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$10.5B2,273May 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$9.0B2,145Feb 5, 201913F-HRchanges · 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 ↗.