13F
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CANTOR FITZGERALD INVESTMENT ADVISORS L.P.

13F equity value
$1.4B
Positions
178
Top 10 concentration
31.1%
Quarters / total new picks
22 / 147
13F equity value over time
$0M$1B$2B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it. Buying this fund's new positions the day each filing went public, over 22 quarters, returned +3.8% per quarter versus +2.0% from owning every 13F stock, beating that baseline in 45.5% of quarters (excess t = 2.09, statistically significant). Caveat: across all 5,072 funds we tested, past performance shows near-zero persistence (rank correlation −0.018) — with thousands of funds, some will look significant by chance alone.

Avg 2Q excess
+4.5%
t-stat
2.09
Quarterly win rate
46%
Annualized excess
+7.3%
$1 → follow vs universe
$2.02 vs $1.41
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820191231: universe 0.84520200331: universe 1.01920200630: universe 1.12620201231: universe 1.17720210630: universe 1.27120210930: universe 1.14120211231: universe 0.97120220331: universe 1.04320240331: universe 1.06620240630: universe 1.16320240930: universe 1.15320241231: universe 1.07620250331: universe 1.17320250630: universe 1.21020250930: universe 1.36120251231: universe 1.408 20180331: follow 1.16820180630: follow 1.18720180930: follow 1.43220181231: follow 1.41320190331: follow 1.36020190630: follow 1.45520191231: follow 1.13220200331: follow 1.26120200630: follow 1.36620201231: follow 1.37120210630: follow 1.43920210930: follow 1.50820211231: follow 1.38820220331: follow 1.41520240331: follow 1.61320240630: follow 1.80420240930: follow 1.77420241231: follow 1.69320250331: follow 1.91120250630: follow 1.81520250930: follow 2.12820251231: follow 2.024 0.78 1.54 2.30 2018201920202021202220242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 178 · 2026 Q1

Ticker Value Weight QoQ
IEI $85M
6.3%
ADD
IVV $66M
4.9%
HOLD
VMBS $51M
3.8%
ADD
VOO $47M
3.5%
TRIM
QQQ $42M
3.1%
TRIM
VEA $38M
2.8%
TRIM
CVS $26M
1.9%
TRIM
XOM $23M
1.7%
TRIM
SPIB $22M
1.6%
TRIM
SCHX $21M
1.6%
TRIM
GLW $21M
1.6%
TRIM
WFC $20M
1.5%
HOLD
EMR $18M
1.4%
HOLD
JNJ $18M
1.3%
TRIM
ARB $18M
1.3%
ADD
IJH $18M
1.3%
TRIM
TFC $18M
1.3%
HOLD
VWO $18M
1.3%
TRIM
HPE $17M
1.3%
HOLD
COP $17M
1.3%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AMCRLUVVRPVXUS

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.