Cambridge Investment Research Advisors, Inc. Q4 2025 Filing

Filed February 5, 2026

Portfolio Value

$37.8M

Holdings

3,812

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (3,812 positions)

#	Stock	Shares	Value	% Portfolio
1201	PRIMPRIMORIS SVCS	20,605	$2.0M	5.29%
1202	HYGHISHARES	33,460	$2.0M	5.29%
1203	CIENCIENA	8,893	$2.0M	5.29%
1204	RMERESMED	11,029	$2.0M	5.29%
1205	FOCTFIRST TR EXCHNG TRADED FD VI FT VEST	45,339	$2.0M	5.29%
1206	LITGLOBAL X FDS LITHIUM BTRY	32,465	$2.0M	5.29%
1207	FPXIFIRST TR EXCHANGE TRADED	43,695	$2.0M	5.29%
1208	FAPRFIRST TR EXCHNG TRADED FD VI FT VEST	51,611	$2.0M	5.29%
1209	DDFDINNOVATOR ETFS TRUST EQUITY DUAL	125,046	$2.0M	5.29%
1210	BITOPROSHARES	211,425	$2.0M	5.29%
1211	FXZFIRST TR EXCHANGE TRADED	35,440	$2.0M	5.29%
1212	XTLSPDR SERIES TRUST STATE STREET	16,111	$2.0M	5.29%
1213	CLFCLEVELAND-CLIFFS	219,710	$2.0M	5.29%
1214	FADFIRST TR EXCHANGE-TRADED	12,523	$2.0M	5.29%
1215	PSTGPURE STORAGE	31,585	$2.0M	5.29%
1216	FDDFIRST TR EXCHANGE-TRADED	124,979	$2.0M	5.29%
1217	AMEAMETEK	12,320	$2.0M	5.29%
1218	SGDJSPROTT ETF TRUST JR	32,519	$2.0M	5.29%
1219	JPUSJ P MORGAN EXCHANGE TRADED F JPMORGAN	20,739	$2.0M	5.29%
1220	8CWCROWN CASTLE	29,290	$2.0M	5.29%
1221	FCUSTIDAL TRUST II PINNACLE	76,840	$2.0M	5.29%
1222	CSGPCOSTAR GROUP	37,851	$2.0M	5.29%
1223	DDLSWISDOMTREE	55,643	$2.0M	5.29%
1224	XMVMINVESCO EXCHANGE TRADED	31,952	$2.0M	5.29%
1225	GHYPGIM	240,551	$2.0M	5.29%
1226	PAMCPACER FDS TR LUNT MDCAP	46,577	$2.0M	5.29%
1227	FENYFIDELITY COVINGTON TRUST	118,530	$2.0M	5.29%
1228	KBWBINVESCO EXCH TRADED FD TR II KBW BK	25,666	$2.0M	5.29%
1229	PAGPPLAINS GP HLDGS	107,786	$2.0M	5.29%
1230	REETISHARES	94,775	$2.0M	5.29%
1231	HQYHEALTHEQUITY	28,209	$2.0M	5.29%
1232	EXIISHARES TR GLOB INDSTRL	11,607	$2.0M	5.29%
1233	WWJDNORTHERN LTS FD TR IV INSPIRE	56,830	$2.0M	5.29%
1234	TTDTHE TRADE DESK	70,860	$2.0M	5.29%
1235	MLPAGLOBAL X FDS GLBL	54,908	$2.0M	5.29%
1236	TJULINNOVATOR ETFS TRUST	90,392	$2.0M	5.29%
1237	JAJLINNOVATOR ETFS TRUST	91,870	$2.0M	5.29%
1238	GMAYFIRST TR EXCHNG TRADED FD VI FT VEST U.S	64,171	$2.0M	5.29%
1239	CSQCALAMOS STRATEGIC	151,834	$2.0M	5.29%
1240	EQTEQT	43,648	$2.0M	5.29%
1241	APLDAPPLIED DIGITAL	95,700	$2.0M	5.29%
1242	PAYCPAYCOM SOFTWARE	12,717	$2.0M	5.29%
1243	DFISDIMENSIONAL ETF TRUST	73,607	$2.0M	5.29%
1244	PCARPACCAR	23,122	$2.0M	5.29%
1245	JPSEJ P MORGAN EXCHANGE TRADED F DIVERSFD	46,940	$2.0M	5.29%
1246	TGRTT ROWE PRICE	55,930	$2.0M	5.29%
1247	BARGRANITESHARES	59,053	$2.0M	5.29%
1248	ROPROPER TECHNOLOGIES	6,014	$2.0M	5.29%
1249	BLDRBUILDERS FIRSTSOURCE	23,398	$2.0M	5.29%
1250	QFLRINNOVATOR ETFS TRUST	62,414	$2.0M	5.29%
1251	DYFIETF OPPORTUNITIES TRUST	109,010	$2.0M	5.29%
1252	AMKRAMKOR	56,945	$2.0M	5.29%
1253	7HPHP	124,311	$2.0M	5.29%
1254	TMDXTRANSMEDICS GROUP	17,669	$2.0M	5.29%
1255	SNYSANOFI SA SPONSORED	47,471	$2.0M	5.29%
1256	LRGCAB ACTIVE ETFS	30,152	$2.0M	5.29%
1257	COKECOCA	14,967	$2.0M	5.29%
1258	XSSPXNUVEEN	112,979	$2.0M	5.29%
1259	FQALFIDELITY COVINGTON TRUST QLTY FCTOR	26,813	$2.0M	5.29%
1260	VMCVULCAN	9,070	$2.0M	5.29%
1261	LHLABCORP HOLDINGS	11,076	$2.0M	5.29%
1262	GNLGLOBAL NET LEASE	298,104	$2.0M	5.29%
1263	CANQCALAMOS	82,757	$2.0M	5.29%
1264	POSTPOST HLDGS	24,485	$2.0M	5.29%
1265	IETCISHARES U S ETF TR U.S.	28,442	$2.0M	5.29%
1266	PMBSPIMCO ETF TR MTG BKD	55,360	$2.0M	5.29%
1267	VSDAVICTORY PORTFOLIOS II VICSHS	51,329	$2.0M	5.29%
1268	SRVRPACER FDS	99,979	$2.0M	5.29%
1269	BIBLNORTHERN LTS FD TR IV INSPIRE	48,589	$2.0M	5.29%
1270	EPAMEPAM SYS	10,785	$2.0M	5.29%
1271	QQNITY ELECTRONICS	36,720	$2.0M	5.29%
1272	PAASPAN AMERN	51,126	$2.0M	5.29%
1273	ROKUROKU	18,902	$2.0M	5.29%
1274	PTINPACER FDS TR TRENDPILOT	72,502	$2.0M	5.29%
1275	HFSIHARTFORD FDS EXCHANGE TRADED STRATEGIC	81,153	$2.0M	5.29%
1276	XNEAXNUVEEN AMT FREE	236,392	$2.0M	5.29%
1277	HLTHILTON WORLDWIDE HLDGS	8,692	$2.0M	5.29%
1278	CVNACARVANA	6,431	$2.0M	5.29%
1279	ZECPZACKS TRUST EARNGS	67,908	$2.0M	5.29%
1280	PSLINVESCO EXCHANGE TRADED FD T DORSEY WRGT	23,348	$2.0M	5.29%
1281	GPNGLOBAL PMTS	36,891	$2.0M	5.29%
1282	AVLVAMERICAN CENTY	38,352	$2.0M	5.29%
1283	INDSPACER FDS TR INDUSTRIAL	74,611	$2.0M	5.29%
1284	MRSKNORTHERN LIGHTS FD TR TOEWS AGILTY	66,368	$2.0M	5.29%
1285	RFVINVESCO EXCHANGE TRADED	19,761	$2.0M	5.29%
1286	FPEIFIRST TR EXCH TRADED FD III INSTL	105,195	$2.0M	5.29%
1287	SEIMSEI EXCHANGE TRADED FUNDS	49,499	$2.0M	5.29%
1288	HPEHEWLETT PACKARD ENTERPRISE	124,247	$2.0M	5.29%
1289	XNIEXVIRTUS EQUITY &	83,545	$2.0M	5.29%
1290	STWDSTARWOOD PPTY	111,614	$2.0M	5.29%
1291	IGHGPROSHARES	25,922	$2.0M	5.29%
1292	HRHEALTHCARE RLTY	129,410	$2.0M	5.29%
1293	BDGSEA SERIES TRUST BRIDGES	84,972	$2.0M	5.29%
1294	SHOCEA SERIES TRUST STRIVE	41,690	$2.0M	5.29%
1295	XOPSPDR SERIES TRUST STATE STREET	17,116	$2.0M	5.29%
1296	CFAVICTORY PORTFOLIOS II VCSHS	29,597	$2.0M	5.29%
1297	FRELFIDELITY COVINGTON TRUST MSCI RL	86,590	$2.0M	5.29%
1298	FMAYFIRST TR EXCHNG TRADED FD VI FT VEST	43,720	$2.0M	5.29%
1299	IBHHISHARES TR IBONDS	89,445	$2.0M	5.29%
1300	QDFFLEXSHARES	30,157	$2.0M	5.29%

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