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Asset manager

Cambiar Investors LLC

13F for the quarter to June 30, 2026, filed July 31, 2026 · SEC CIK 823621

Reported value
$2.3bn
92% in companies we cover
Positions we cover
126
Largest DAL 2.9%
Copy, a year
+8.2%
S&P 500 +14.0%
Copy Sharpe ratio
0.43
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.7k$28.8k
CopyS&P 500 $10,000 copying Cambiar Investors LLC's filed holdings in companies we cover from June 7, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −41.8% (S&P 500 −31.8%); beta 1.01; alpha −5.0% a year (t = −2.72); last 12 months +17.7% against +12.1%.

Reported value by quarter

Cambiar Investors LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $1T $2T $3T Reported value, 2013-03-31: $6.2B Reported value, 2013-06-30: $6.2B Reported value, 2013-09-30: $6.1B Reported value, 2013-12-31: $6.7B Reported value, 2014-03-31: $6.7B Reported value, 2014-06-30: $7.1B Reported value, 2014-09-30: $6.9B Reported value, 2014-12-31: $6.6B Reported value, 2015-03-31: $6.9B Reported value, 2015-06-30: $7.1B Reported value, 2015-09-30: $6.7B Reported value, 2015-12-31: $6.9B Reported value, 2016-03-31: $7B Reported value, 2016-06-30: $7B Reported value, 2016-09-30: $6.9B Reported value, 2016-12-31: $5.8B Reported value, 2017-03-31: $6B Reported value, 2017-06-30: $6.4B Reported value, 2017-09-30: $6.4B Reported value, 2017-12-31: $6.4B Reported value, 2018-03-31: $6.3B Reported value, 2018-06-30: $6B Reported value, 2018-09-30: $5.5B Reported value, 2018-12-31: $4.4B Reported value, 2019-03-31: $4.2B Reported value, 2019-06-30: $3.9B Reported value, 2019-09-30: $3.1B Reported value, 2019-12-31: $3.1B Reported value, 2020-03-31: $2B Reported value, 2020-06-30: $2.2B Reported value, 2020-09-30: $2.2B Reported value, 2020-12-31: $2.6B Reported value, 2021-03-31: $2.9B Reported value, 2021-06-30: $3.1B Reported value, 2021-09-30: $2.9B Reported value, 2021-12-31: $2.9B Reported value, 2022-03-31: $2.7B Reported value, 2022-06-30: $2.2B Reported value, 2022-09-30: $2B Reported value, 2022-12-31: $2.2T Reported value, 2023-03-31: $2.3B Reported value, 2023-06-30: $2.4B Reported value, 2023-09-30: $2.4B Reported value, 2023-12-31: $2.5B Reported value, 2024-03-31: $2.7B Reported value, 2024-06-30: $2.6B Reported value, 2024-09-30: $2.6B Reported value, 2024-12-31: $2.5B Reported value, 2025-03-31: $2.4B Reported value, 2025-06-30: $2.4B Reported value, 2025-09-30: $2.2B Reported value, 2025-12-31: $2.2B Reported value, 2026-03-31: $2.2B Reported value, 2026-06-30: $2.3B 2013-03-31 2015-12-31 2018-09-30 2021-06-30 2024-03-31 2026-06-30 $2.3B
View chart data
Period Reported value
2013-03-31 $6.2B
2013-06-30 $6.2B
2013-09-30 $6.1B
2013-12-31 $6.7B
2014-03-31 $6.7B
2014-06-30 $7.1B
2014-09-30 $6.9B
2014-12-31 $6.6B
2015-03-31 $6.9B
2015-06-30 $7.1B
2015-09-30 $6.7B
2015-12-31 $6.9B
2016-03-31 $7B
2016-06-30 $7B
2016-09-30 $6.9B
2016-12-31 $5.8B
2017-03-31 $6B
2017-06-30 $6.4B
2017-09-30 $6.4B
2017-12-31 $6.4B
2018-03-31 $6.3B
2018-06-30 $6B
2018-09-30 $5.5B
2018-12-31 $4.4B
2019-03-31 $4.2B
2019-06-30 $3.9B
2019-09-30 $3.1B
2019-12-31 $3.1B
2020-03-31 $2B
2020-06-30 $2.2B
2020-09-30 $2.2B
2020-12-31 $2.6B
2021-03-31 $2.9B
2021-06-30 $3.1B
2021-09-30 $2.9B
2021-12-31 $2.9B
2022-03-31 $2.7B
2022-06-30 $2.2B
2022-09-30 $2B
2022-12-31 $2.2T
2023-03-31 $2.3B
2023-06-30 $2.4B
2023-09-30 $2.4B
2023-12-31 $2.5B
2024-03-31 $2.7B
2024-06-30 $2.6B
2024-09-30 $2.6B
2024-12-31 $2.5B
2025-03-31 $2.4B
2025-06-30 $2.4B
2025-09-30 $2.2B
2025-12-31 $2.2B
2026-03-31 $2.2B
2026-06-30 $2.3B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
DALDelta Air Lines2.88%$66.4m708.7K−20.7% Reduced
GOOGLAlphabet Inc. (Class A)2.76%$63.5m177.8K−4.1% Reduced
UNPUnion Pacific Corporation2.70%$62.2m228.8K−5.8% Reduced
BMYBristol Myers Squibb2.54%$58.6m1.02M+7.8% Added
LHLabcorp2.50%$57.6m205.8K+0.1%
UBERUber2.49%$57.3m794.4K−0.3%
PNCPNC Financial Services2.46%$56.6m229.9K−2.6% Reduced
AMRZAmrize Ltd2.45%$56.5m1.06M+0.4%
ELVElevance Health2.43%$56.1m145.0K−22.0% Reduced
AMZNAmazon2.32%$53.5m224.6K−4.0% Reduced
JPMJPMorgan Chase2.26%$52.0m158.9K−0.3%
MAMastercard2.21%$50.9m99.2K+21.8% Added
CMECME Group2.19%$50.4m228.3K+33.1% Added
AXPAmerican Express2.17%$49.9m147.6K−1.2% Reduced
MDTMedtronic2.08%$47.9m612.2K+6.4% Added
MASMasco2.03%$46.7m574.5K+6.0% Added
SYYSysco2.00%$46.2m552.8K−1.9% Reduced
CNCCentene Corporation1.89%$43.5m677.3K−29.9% Reduced
PEPPepsiCo1.88%$43.2m319.0K+17.4% Added
TXNTexas Instruments1.86%$42.8m143.7K−47.6% Reduced
AMATApplied Materials1.74%$40.1m55.5K−62.5% Reduced
SRESempra1.73%$39.9m430.3K−1.2% Reduced
APTVAptiv1.72%$39.5m643.6K+53.3% Added
USBU.S. Bancorp1.69%$38.9m644.2K−3.3% Reduced
OMCOmnicom Group1.65%$38.0m522.3KNew
CSCOCisco1.65%$38.0m323.2KNew
REGNRegeneron Pharmaceuticals1.56%$35.9m57.6K−1.0% Reduced
CBChubb Limited1.55%$35.8m105.2K−1.5% Reduced
STZConstellation Brands1.55%$35.7m256.5K−4.5% Reduced
FDXFFedEx Freight1.49%$34.4m227.6KNew
ONON Semiconductor Corp1.47%$33.9m358.9K−43.8% Reduced
FDXFedEx1.41%$32.5m103.9K−11.0% Reduced
VSNTVersant Media Group, Inc.1.41%$32.5m902.6K+96.7% Added
ICEIntercontinental Exchange1.40%$32.2m261.7KNew
CVXChevron Corporation1.33%$30.7m185.5K+1.5% Added
HONHoneywell Technologies1.29%$29.7m132.5KNew
ASMLAsml Holding NV1.28%$29.6m14.9K−9.4% Reduced
HONAHoneywell Aerospace1.27%$29.3m132.5KNew
WYWeyerhaeuser1.14%$26.3m1.10M+5.3% Added
SLBSchlumberger1.11%$25.5m549.3K−51.4% Reduced
TJXTJX Companies1.10%$25.4m167.5K−2.1% Reduced
AZNAstrazeneca PLC1.07%$24.6m129.9K−2.8% Reduced
SWSmurfit Westrock0.93%$21.4m463.2K+13.4% Added
SUNBSunbelt Rentals Holdings, Inc.0.85%$19.7m262.7K−2.1% Reduced
GRABGrab Holdings Ltd0.74%$17.1m4.53M+19.3% Added
TSMTaiwan Semiconductor Manufacturing Co LTD0.71%$16.3m34.2K+3078.6% Added
RYAAYRyanair Holdings PLC0.64%$14.7m226.3K−2.7% Reduced
NVONovo Nordisk A S0.61%$14.1m293.9K−11.8% Reduced
ALCAlcon Inc0.54%$12.4m185.3K−20.4% Reduced
LUVSouthwest Airlines0.52%$11.9m230.9K+168.9% Added
ALGNAlign Technology0.47%$10.8m64.0K−3.9% Reduced
SAPSAP SE0.42%$9.6m62.6K+7.1% Added
LSCCLattice Semiconductor Corp0.28%$6.5m42.3K−34.3% Reduced
COLDAmericold Realty Trust0.26%$5.9m376.6K−0.7% Reduced
TSEMTower Semiconductor LTD0.25%$5.8m22.3K−30.8% Reduced
BOKFBOK Financial Corp0.24%$5.5m39.7K−2.0% Reduced
PBProsperity Bancshares Inc0.23%$5.4m74.2K+5.2% Added
RGAReinsurance Group Of America Inc0.23%$5.2m24.6K+1.1% Added
GNTXGentex Corp0.22%$5.0m199.8K−4.3% Reduced
GMEDGlobus Medical Inc0.21%$5.0m62.8K+8.1% Added
LAZLazard, Inc.0.20%$4.7m111.2K−8.0% Reduced
SRADSportradar Group AG0.20%$4.6m307.5K+13.4% Added
WEXWEX Inc.0.18%$4.2m30.0K−6.0% Reduced
WSCWillscot Holdings Corp0.18%$4.2m146.5K−9.3% Reduced
ACVAACV Auctions Inc.0.17%$3.9m543.3K−3.0% Reduced
LFUSLittelfuse Inc0.17%$3.8m8.4K−28.4% Reduced
DGXQuest Diagnostics0.16%$3.6m17.1K−8.5% Reduced
NNNNNN Reit, Inc.0.15%$3.5m76.0K−6.0% Reduced
PKGPackaging Corporation of America0.15%$3.5m14.7K−10.8% Reduced
SSBSouthstate Bank Corp0.15%$3.5m34.9K+14.5% Added
PNWPinnacle West Capital0.15%$3.5m32.5K−9.1% Reduced
WSOWatsco Inc0.15%$3.5m8.3K−9.1% Reduced
SOLVSolventum0.15%$3.4m44.6K+5.6% Added
BWABorgwarner Inc0.15%$3.4m51.5K−29.4% Reduced
DINOHF Sinclair Corp0.15%$3.4m48.4K−22.0% Reduced
ATOAtmos Energy0.14%$3.3m19.4K−4.4% Reduced
FNFFidelity National Financial, Inc.0.14%$3.3m70.0K+9.9% Added
WTRGEssential Utilities, Inc.0.14%$3.2m83.7K−0.7% Reduced
COOThe Cooper Companies0.14%$3.1m43.8K−5.1% Reduced
NXPINXP Semiconductors0.13%$3.0m10.8K−65.8% Reduced
SAIASaia Inc0.13%$2.9m6.9K−7.1% Reduced
LWLamb Weston Holdings, Inc.0.12%$2.8m65.7K+17.8% Added
LECOLincoln Electric Holdings Inc0.12%$2.7m10.1K−3.8% Reduced
CLXClorox0.11%$2.6m27.4K−11.9% Reduced
DLBDolby Laboratories, Inc.0.11%$2.5m46.7K−10.1% Reduced
EEFTEuronet Worldwide, Inc.0.11%$2.4m33.5K−12.6% Reduced
ICHRIchor Holdings, LTD.0.10%$2.3m20.6K−49.2% Reduced
CBOECboe Global Markets0.10%$2.2m9.2K−22.4% Reduced
DIODDiodes Inc0.10%$2.2m20.3K−26.2% Reduced
RMBSRambus Inc0.10%$2.2m16.7K−9.8% Reduced
HCSGHealthcare Services Group Inc0.09%$2.0m80.5K−0.5%
IDAIdacorp Inc0.08%$1.9m12.4K−0.2%
NTSTNetstreit Corp.0.08%$1.8m87.4K−0.5%
HSTMHealthstream Inc0.08%$1.8m67.7K+0.7% Added
UCBUnited Community Banks Inc0.08%$1.8m52.0K−0.5%
HALOHalozyme Therapeutics, Inc.0.08%$1.8m23.1K−0.5% Reduced
FAFFirst American Financial Corp0.08%$1.8m26.0K−0.5%
BANRBanner Corp0.07%$1.7m26.1K+19.7% Added
MTUSMetallus Inc.0.07%$1.7m92.3K−0.5%
EPREPR Properties0.07%$1.7m29.7KNew
INGRIngredion Inc0.07%$1.7m18.2K+42.5% Added
EXPEagle Materials Inc0.07%$1.7m7.5K0.0%
NOVNOV Inc.0.07%$1.7m90.0K−0.3%
RNRRenaissancere Holdings LTD0.07%$1.7m5.3K−0.4%
HQYHealthequity, Inc.0.07%$1.6m18.0KNew
ADUSAddus Homecare Corp0.07%$1.6m16.0K−0.5%
TXNMTxnm Energy Inc0.07%$1.6m28.0K−0.2%
MCRIMonarch Casino & Resort Inc0.07%$1.6m11.9K−29.3% Reduced
OLLIOllie's Bargain Outlet Holdings, Inc.0.07%$1.6m20.4KNew
UBSIUnited Bankshares Inc0.07%$1.5m33.3K−0.5%
TRNOTerreno Realty Corp0.07%$1.5m23.3K−0.4%
HUBGHub Group, Inc.0.07%$1.5m34.5K−0.8% Reduced
ATMUAtmus Filtration Technologies Inc.0.06%$1.5m28.7K−0.8% Reduced
ALGAlamo Group Inc0.06%$1.4m8.7K0.0%
MRVLMarvell Technology0.05%$1.1m3.8K−20.6% Reduced
RTXRTX Corporation0.04%$951,6865.0K−6.5% Reduced
ELThe Estée Lauder Companies0.04%$845,31810.7K−97.5% Reduced
GSGoldman Sachs0.03%$786,846778−0.1%
TMToyota Motor Corp/0.03%$665,2594.0KNew
TELTE Connectivity0.03%$663,2973.3K−8.7% Reduced
HLNHaleon plc0.02%$452,37448.5K−5.0% Reduced
AEGAegon LTD.0.02%$384,99145.6K−28.3% Reduced
WELLWelltower0.02%$376,9971.7K0.0%
WMBWilliams Companies0.01%$313,2694.2K−2.4% Reduced
CTVACorteva, Inc.0.01%$205,9662.4K−5.7% Reduced
GPROGopro, Inc.0.00%$52,85367.9KNew
CompanyBought (value)Shares
OMCOmnicom Group$38.0m522.3K
CSCOCisco$38.0m323.2K
FDXFFedEx Freight$34.4m227.6K
ICEIntercontinental Exchange$32.2m261.7K
HONHoneywell Technologies$29.7m132.5K
HONAHoneywell Aerospace$29.3m132.5K
VSNTVersant Media Group, Inc.$16.0m443.6K
TSMTaiwan Semiconductor Manufacturing Co LTD$15.8m33.2K
APTVAptiv$13.7m223.7K
CMECME Group$12.5m56.7K
MAMastercard$9.1m17.8K
LUVSouthwest Airlines$7.5m145.1K
PEPPepsiCo$6.4m47.3K
BMYBristol Myers Squibb$4.2m73.3K
MDTMedtronic$2.9m36.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
AMATApplied Materials−$66.9m−92.6K
TXNTexas Instruments−$39.0m−130.8K
ELThe Estée Lauder Companies−$33.5m−424.0K
CMCSAComcast−$32.5m−1.13M
SLBSchlumberger−$27.0m−580.8K
ONON Semiconductor Corp−$26.4m−279.8K
CNCCentene Corporation−$18.6m−289.5K
DALDelta Air Lines−$17.4m−185.4K
ELVElevance Health−$15.8m−40.9K
ICLRIcon PLC−$9.6m−87.0K
NXPINXP Semiconductors−$5.8m−20.7K
FDXFedEx−$4.0m−12.8K
UNPUnion Pacific Corporation−$3.8m−14.1K
LSCCLattice Semiconductor Corp−$3.4m−22.0K
ALCAlcon Inc−$3.2m−47.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
CMCSAComcast$32.5m1.13M
ICLRIcon PLC$9.6m87.0K
USPHU S Physical Therapy Inc$1.4m18.6K
MGAMagna International Inc$365,2766.5K
  • Industrials20.2%
  • Financials19.4%
  • Health Care18.0%
  • Technology12.3%
  • Communication Services6.3%
  • Consumer Staples6.3%
  • Consumer Discretionary6.1%
  • Materials4.0%
  • Energy2.9%
  • Utilities2.5%
  • Real Estate1.9%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestJune 7, 2013 to November 2, 2026+8.2%+14.0%0.430.78−41.8%1.01
2018 onwardsJanuary 5, 2018 to November 2, 2026+6.8%+13.9%0.300.66−41.8%1.00
Last three yearsNovember 3, 2023 to November 2, 2026+16.6%+21.8%0.921.16−14.3%0.71
Last yearNovember 7, 2025 to November 2, 2026+18.2%+14.2%1.160.84−9.0%0.58

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.