Institutional Manager · CIK 0001659203

Capital Investment Advisory Services, LLC

RALEIGH, NC · File #028-17635

Latest AUM

$1.41B

Positions

1,164

Top-10 Concentration

42.7%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	SPDR SERIES TRUST	78468R663	+709,767	+$64.9M	$0
NEW	NEOS ETF TRUST	78433H501	+135,215	+$6.7M	$0
ADD	SELECT SECTOR SPDR TR	81369Y886	+133,903	+$5.7M	-$1.0M
ADD	INVESCO EXCHANGE TRADED FD T	IVZ	+28,586	+$5.5M	+$78,695
ADD	NEOS ETF TRUST	78433H675	+90,315	+$4.9M	-$57,187
REDUCE	AMPLIFY ETF TR	032108664	-57,129	-$4.6M	-$457,435
NEW	ISHARES TR	46434V803	+101,859	+$4.2M	$0
NEW	ISHARES TR	46436E718	+37,535	+$3.8M	$0
ADD	PROSHARES TR	74347R107	+60,593	+$3.5M	-$8.8M
ADD	PIMCO ETF TR	72201R833	+34,648	+$3.5M	-$7,281

Sector Allocation

Technology

11.2%$158.8M

Financials

7.3%$102.7M

Healthcare

3.8%$53.9M

Consumer Discretionary

3.1%$44.7M

Industrials

1.8%$26.0M

Materials

1.6%$23.4M

Consumer Staples

1.5%$21.8M

Communication Services

1.2%$17.5M

Energy

0.8%$11.5M

Utilities

0.4%$5.9M

Real Estate

0.3%$3.9M

Filing History

Jan 21, 202613F HOLDINGS REPORTQ/E Dec 20251,164 pos · $1.41B
Nov 5, 202513F HOLDINGS REPORTQ/E Sep 20251,084 pos · $1.26B
Aug 8, 202513F HOLDINGS REPORTQ/E Jun 20251,054 pos · $1.22B
Apr 29, 202513F HOLDINGS REPORTQ/E Mar 20251,000 pos · $1.12B
Jan 23, 202513F HOLDINGS REPORTQ/E Dec 2024933 pos · $1.04B
Oct 30, 202413F HOLDINGS REPORTQ/E Sep 2024981 pos · $1.05B
Aug 14, 202413F HOLDINGS REPORTQ/E Jun 2024966 pos · $969.3M
Apr 25, 202413F HOLDINGS REPORTQ/E Mar 2024952 pos · $933.7M
Nov 2, 202313F HOLDINGS REPORTQ/E Dec 2023945 pos · $1.02B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR SERIES TRUST	78468R663	709,767	$64.9M	9.12%
2	NVIDIA CORPORATION	NVDA	268,121	$50.0M	7.03%
3	APPLE INC	AAPL	151,373	$41.2M	5.79%
4	AMAZON COM INC	AMZN	109,850	$25.4M	3.57%
5	ALPHABET INC	GOOG	77,510	$24.3M	3.42%
6	J P MORGAN EXCHANGE TRADED F	46641Q837	421,584	$21.3M	3.00%
7	VANGUARD INDEX FDS	922908744	109,879	$21.0M	2.95%
8	J P MORGAN EXCHANGE TRADED F	46654Q716	357,905	$19.4M	2.72%
9	FIRST TR EXCHNG TRADED FD VI	33740F888	755,223	$19.0M	2.67%
10	INVESCO EXCH TRADED FD TR II	IVZ	244,496	$17.5M	2.46%
11	MICROSOFT CORP	MSFT	36,010	$17.4M	2.45%
12	BROADCOM INC	AVGO	46,213	$16.0M	2.25%
13	ISHARES TR	464287200	22,453	$15.4M	2.16%
14	NEOS ETF TRUST	78433H675	258,407	$13.9M	1.96%
15	FIRST TR EXCHANGE-TRADED FD	33739Q408	231,483	$13.9M	1.95%
16	INVESCO EXCHANGE TRADED FD T	IVZ	70,925	$13.6M	1.91%
17	J P MORGAN EXCHANGE TRADED F	46641Q332	225,716	$12.9M	1.82%
18	PROSHARES TR	74347R107	222,712	$12.9M	1.81%
19	VANGUARD SCOTTSDALE FDS	92206C102	209,600	$12.3M	1.73%
20	ISHARES TR	46434V621	176,164	$12.2M	1.72%