Cambridge Investment Research Advisors, Inc.

CIK 0001419186 · Q2 2026

13F Equity AUM

$44.6M

+14.9% QoQ

Positions

4,011

+117 QoQ

AUM Rank

#8,292

Top 94%

Skill Alpha (FF)

-1.4%/yr

Underperformer

Rank #4,876 · Top 59%

vs S&P -3.7%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 12.6%Top 10: 19.1%Top 20: 26.3%

VOO3.2%

AAPL2.8%

NVDA2.6%

NDQ2.1%

IVV1.9%

VTI1.8%

AMZN1.3%

VXUS1.2%

SPY1.1%

MSFT1.1%

Others (4001)80.9%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services68.0%

Technology12.7%

Industrials3.1%

Consumer Cyclical3.0%

Communication Services2.7%

Healthcare2.5%

Other7.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 4011Median: 0.00%Avg: 0.02%

0–0.5%

3986(71.2%)

0.5–1%

15(9.7%)

1–3%

9(16.0%)

3–5%

1(3.2%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 4,011vs 20 funds

0%Low

4,011

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New318Increased2053Decreased1593Exited196

New Positions

SPACE EXPLORATION TE…0.1%

+260K

JUSA0.1%

+383K

EA SERIES TRUST SOPH…0.1%

+982K

EA SERIES TRUST SOPH…0.0%

+702K

HONEYWELL0.0%

+67K

CLIP0.0%

+152K

HONEYWELL0.0%

+67K

GGOV0.0%

+217K

ROUNDHILL ETF TRUST …0.0%

+62K

NTSK0.0%

+204K

Increased

VUG0.7%

+3.2M(+588%)

FIRST TR EXCHANGE-TR…0.1%

+2.1M(+5432%)

SPYM0.7%

+1.5M(+66%)

VGT0.4%

+1.2M(+724%)

PVAL0.3%

+1.0M(+56%)

VO0.2%

+1.0M(+314%)

USHY0.1%

+817K(+209%)

HDV0.1%

+809K(+441%)

IWF0.2%

+608K(+298%)

VEA0.6%

+552K(+16%)

Decreased

JPST0.2%

-1,455,810(-42%)

GSY0.0%

-1,345,230(-83%)

FSCO0.0%

-1,181,495(-31%)

BIL0.4%

-690,668(-26%)

TLT0.1%

-635,668(-67%)

MINT0.1%

-521,800(-58%)

IVLU0.0%

-490,389(-73%)

DLN0.1%

-385,583(-51%)

SPYG0.2%

-330,617(-31%)

VCIT0.1%

-269,938(-27%)

Exited

-134,662

-37,643

-44,270

-109,449

-216,171

-77,942

-43,334

-36,412

-17,892

-88,052

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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