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Funds (13F)

Cambiar Investors LLC

Backtest from 7 Jun 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+8.2%
S&P 500 +14.0%
Last 12 months
+17.7%
S&P 500 +12.1%
Sharpe ratio
0.43
S&P 500 0.78
Biggest drop
−41.8%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.7k$28.8k
Cambiar Investors LLCS&P 500 $10,000 in Cambiar Investors LLC from 7 Jun 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Cambiar Investors LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Cambiar Investors LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+8.2%+14.0%
Total return+188%+477%
Last 12 months+17.7%+12.1%
Last 3 months+0.0%—
Last month+5.5%—
This year so far+10.9%—
Volatility a year17.4%15.9%
Sharpe ratio0.430.78
Biggest drop−41.8%−31.8%
Beta to the S&P 5001.011.00
Alpha a year (t-statistic)−5.0% (−2.72)—
Share of weeks up56%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
DAL3.1%——
GOOGL3.0%——
UNP2.9%——
BMY2.8%——
LH2.7%——
UBER2.7%——
PNC2.7%——
AMRZ2.7%——
ELV2.6%——
AMZN2.5%——
JPM2.4%——
MA2.4%——
CME2.4%——
AXP2.4%——
MDT2.3%——
MAS2.2%——
SYY2.2%——
CNC2.0%——
PEP2.0%——
TXN2.0%——
AMAT1.9%——
SRE1.9%——
APTV1.9%——
USB1.8%——
OMC1.8%——
CSCO1.8%——
REGN1.7%——
CB1.7%——
STZ1.7%——
FDXF1.6%——
ON1.6%——
FDX1.5%——
VSNT1.5%——
ICE1.5%——
CVX1.4%——
HON1.4%——
ASML1.4%——
HONA1.4%——
WY1.2%——
SLB1.2%——
TJX1.2%——
AZN1.2%——
SW1.0%——
SUNB0.9%——
GRAB0.8%——
TSM0.8%——
RYAAY0.7%——
NVO0.7%——
ALC0.6%——
LUV0.6%——
ALGN0.5%——
SAP0.5%——
LSCC0.3%——
COLD0.3%——
TSEM0.3%——
BOKF0.3%——
PB0.3%——
RGA0.3%——
GNTX0.2%——
GMED0.2%——
LAZ0.2%——
SRAD0.2%——
WEX0.2%——
WSC0.2%——
ACVA0.2%——
LFUS0.2%——
DGX0.2%——
NNN0.2%——
PKG0.2%——
SSB0.2%——
PNW0.2%——
WSO0.2%——
SOLV0.2%——
BWA0.2%——
DINO0.2%——
ATO0.2%——
FNF0.2%——
WTRG0.1%——
COO0.1%——
NXPI0.1%——
SAIA0.1%——
LW0.1%——
LECO0.1%——
CLX0.1%——
DLB0.1%——
EEFT0.1%——
ICHR0.1%——
CBOE0.1%——
DIOD0.1%——
RMBS0.1%——
HCSG0.1%——
IDA0.1%——
NTST0.1%——
HSTM0.1%——
UCB0.1%——
HALO0.1%——
FAF0.1%——
BANR0.1%——
MTUS0.1%——
EPR0.1%——
INGR0.1%——
EXP0.1%——
NOV0.1%——
RNR0.1%——
HQY0.1%——
ADUS0.1%——
TXNM0.1%——
MCRI0.1%——
OLLI0.1%——
UBSI0.1%——
TRNO0.1%——
HUBG0.1%——
ATMU0.1%——
ALG0.1%——
MRVL0.1%——
RTX0.0%——
EL0.0%——
GS0.0%——
TM0.0%——
TEL0.0%——
HLN0.0%——
AEG0.0%——
WELL0.0%——
WMB0.0%——
CTVA0.0%——
GPRO0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest7 Jun 2013 to 2 Nov 2026+8.2%+14.0%0.430.78−41.8%1.01−5.0% (−2.72)
2018 onwards5 Jan 2018 to 2 Nov 2026+6.8%+13.9%0.300.66−41.8%1.00−6.1% (−2.33)
Last three years3 Nov 2023 to 2 Nov 2026+16.6%+21.8%0.921.16−14.3%0.71+0.1% (0.02)
Last year7 Nov 2025 to 2 Nov 2026+18.2%+14.2%1.160.84−9.0%0.58+7.6% (0.81)
DateCompanyAction
7 Aug 2026TMBought
7 Aug 2026OMCBought
7 Aug 2026OLLIBought
7 Aug 2026ICEBought
7 Aug 2026HQYBought
7 Aug 2026HONABought
7 Aug 2026HONBought
7 Aug 2026GPROBought
7 Aug 2026FDXFBought
7 Aug 2026EPRBought
7 Aug 2026CSCOBought
15 May 2026WSOBought
15 May 2026VSNTBought
15 May 2026TRNOBought
15 May 2026SUNBBought
15 May 2026SSBBought
15 May 2026SAIABought
15 May 2026ONBought
15 May 2026NVOBought
15 May 2026MTUSBought
15 May 2026LUVBought
15 May 2026HALOBought
15 May 2026CLXBought
15 May 2026BANRBought
15 May 2026AZNBought

Dated at the rebalance that made the change.

DateCompanyAction
7 Aug 2026USPHSold
7 Aug 2026MGASold
7 Aug 2026ICLRSold
7 Aug 2026CMCSASold
15 May 2026WATSold
15 May 2026VSATSold
15 May 2026TTCSold
15 May 2026OLEDSold
15 May 2026MMISold
15 May 2026JBHTSold
15 May 2026ICESold
15 May 2026DOXSold
15 May 2026CFSold
15 May 2026CBTSold
15 May 2026ASXSold
15 May 2026ABNBSold
30 Jan 2026TGTSold
30 Jan 2026PPGSold
30 Jan 2026MSISold
30 Jan 2026MOHSold
30 Jan 2026FTDRSold
30 Jan 2026FLUTSold
30 Jan 2026EPAMSold
30 Jan 2026CNHSold
30 Jan 2026AEISSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest