Cambiar Investors LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 31, 2026), Cambiar Investors LLC reported 150 stock positions worth $2.3 billion. Its top holding was Delta Air Lines (DAL) at 2.9% of the portfolio, followed by Alphabet Class A (GOOGL, 2.8%) and Union Pacific (UNP, 2.7%). Compared with Q1 2026, it opened 8 new positions, sold out of 5, added to 41 and reduced 95. The biggest buy was a new position in Omnicom (OMC) and the biggest sale SLB (SLB, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0000823621
- Portfolio Value
- $2.3B (Q2 2026)
- SEC Filing
- 0001172661-26-003003 ↗ filed Jul 31, 2026
Holdings Value
Holdings 150 stocks · $2.3B
| DAL Delta Air Lines Inc. | 2.88% | 708,662 | $66.4M | Reduce -20.7% |
| GOOGL Alphabet Inc. Class A | 2.76% | 177,752 | $63.5M | Reduce -4.1% |
| UNP Union Pacific Corp. | 2.70% | 228,758 | $62.2M | Reduce -5.8% |
| BMY Bristol-Myers Squibb Co. | 2.54% | 1,017,517 | $58.6M | Add +7.8% |
| LH Labcorp Holdings Inc. | 2.50% | 205,845 | $57.6M | Add +0.1% |
| UBER Uber Technologies Inc. | 2.49% | 794,380 | $57.3M | Reduce -0.3% |
| PNC PNC Financial Services Group | 2.46% | 229,884 | $56.6M | Reduce -2.6% |
| AMRZ Amrize Ltd. | 2.45% | 1,060,745 | $56.5M | Add +0.4% |
| ELV Elevance Health Inc. | 2.43% | 144,954 | $56.1M | Reduce -22.0% |
| AMZN Amazon.com Inc. | 2.32% | 224,579 | $53.5M | Reduce -4.0% |
| JPM JPMorgan Chase & Co. | 2.26% | 158,924 | $52.0M | Reduce -0.3% |
| MA Mastercard Inc. Class A | 2.21% | 99,157 | $50.9M | Add +21.8% |
| CME Cme Group Inc. | 2.19% | 228,271 | $50.4M | Add +33.1% |
| AXP American Express Co. | 2.17% | 147,613 | $49.9M | Reduce -1.2% |
| MDT Medtronic PLC | 2.08% | 612,194 | $47.9M | Add +6.4% |
| MAS Masco Corp. | 2.03% | 574,533 | $46.7M | Add +6.0% |
| SYY Sysco Corp. | 2.01% | 552,781 | $46.2M | Reduce -1.9% |
| DEO Diageo PLC-Sponsored ADR | 1.91% | 547,854 | $44.0M | Add +11.1% |
| CNC Centene Corp. | 1.89% | 677,251 | $43.5M | Reduce -29.9% |
| PEP Pepsico Inc. | 1.87% | 318,975 | $43.2M | Add +17.4% |
| TXN Texas Instruments Inc. | 1.86% | 143,704 | $42.8M | Reduce -47.6% |
| AMAT Applied Materials Inc. | 1.74% | 55,507 | $40.1M | Reduce -62.5% |
| SRE Sempra | 1.73% | 430,295 | $39.9M | Reduce -1.2% |
| APTV Aptiv PLC | 1.71% | 643,605 | $39.5M | Add +53.3% |
| USB US Bancorp | 1.69% | 644,194 | $38.9M | Reduce -3.3% |
| OMC Omnicom Group | 1.65% | 522,265 | $38.0M | New |
| CSCO Cisco Systems Inc. | 1.65% | 323,211 | $38.0M | New |
| REGN Regeneron Pharmaceuticals | 1.56% | 57,573 | $35.9M | Reduce -1.1% |
| CB Chubb Ltd. | 1.56% | 105,163 | $35.8M | Reduce -1.5% |
| STZ Constellation Brands Inc. Class A | 1.55% | 256,465 | $35.7M | Reduce -4.5% |
| FDXF FedEx Freight Holding Co. | 1.49% | 227,588 | $34.4M | Add +289.8% |
| ON On Semiconductor | 1.47% | 358,924 | $33.9M | Reduce -43.8% |
| FDX FedEx Corp. | 1.41% | 103,915 | $32.5M | Reduce -11.0% |
| VSNT Versant Media Group Inc. | 1.41% | 902,568 | $32.5M | Add +96.7% |
| ICE Intercontinental Exchange Inc. | 1.40% | 261,729 | $32.2M | New |
| CVX Chevron Corp. | 1.33% | 185,463 | $30.7M | Add +1.5% |
| HON Honeywell International Inc. | 1.29% | 132,493 | $29.7M | Add +4.6% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 1.28% | 14,881 | $29.6M | Reduce -9.4% |
| HONA Honeywell Aerospace Inc. | 1.27% | 132,494 | $29.3M | Add +4.6% |
| WY Weyerhaeuser Co. | 1.14% | 1,099,393 | $26.3M | Add +5.3% |
| SLB SLB Ltd. filed as SLB LIMITED | 1.11% | 549,265 | $25.5M | Reduce -51.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.10% | 167,475 | $25.4M | Reduce -2.1% |
| AZN Astrazeneca PLC | 1.07% | 129,899 | $24.6M | Reduce -2.8% |
| SW Smurfit Westrock PLC | 0.93% | 463,154 | $21.4M | Add +13.4% |
| SUNB Sunbelt Rentals Holdings Inc. | 0.85% | 262,697 | $19.7M | Reduce -2.1% |
| ING ING Groep N.V.-Sponsored ADR | 0.82% | 602,985 | $18.9M | Reduce -4.4% |
| GRAB Grab Holdings Ltd. Class A | 0.74% | 4,526,530 | $17.1M | Add +19.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.71% | 34,234 | $16.3M | Add +3078.6% |
| CNI Canadian Natl Railway Co. | 0.68% | 131,631 | $15.7M | Add +3203.2% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.64% | 226,286 | $14.7M | Reduce -2.7% |
| EFA iShares MSCI Eafe ETF | 0.63% | 140,573 | $14.6M | Reduce -40.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.61% | 293,933 | $14.1M | Reduce -11.8% |
| IWD iShares Russell 1000 Value E | 0.61% | 57,833 | $14.0M | Reduce -58.8% |
| BCS Barclays PLC-Spons ADR | 0.61% | 520,862 | $14.0M | Reduce -25.7% |
| CAMX Cambiar Aggressive Value ETF | 0.59% | 397,673 | $13.6M | No change |
| ALC Alcon Inc. filed as ALCON AG | 0.54% | 185,252 | $12.4M | Reduce -20.4% |
| SONY Sony Group Corp. - SP ADR | 0.53% | 606,184 | $12.2M | Reduce -3.0% |
| LUV Southwest Airlines Co. | 0.52% | 230,919 | $11.9M | Add +168.9% |
| ALGN Align Technology Inc. | 0.47% | 64,032 | $10.8M | Reduce -3.9% |
| SAP Sap SE-Sponsored ADR | 0.42% | 62,567 | $9.6M | Add +7.1% |
| ZG Zillow Group Inc. Class A | 0.29% | 214,124 | $6.7M | Add +163.4% |
| LSCC Lattice Semiconductor Corp. | 0.28% | 42,266 | $6.5M | Reduce -34.3% |
| COLD Americold Realty Trust Inc. | 0.26% | 376,637 | $5.9M | Reduce -0.7% |
| TSEM Tower Semiconductor Ltd. | 0.25% | 22,308 | $5.8M | Reduce -30.8% |
| BOKF Bok Financial Corporation | 0.24% | 39,655 | $5.5M | Reduce -2.0% |
| PB Prosperity Bancshares Inc. | 0.24% | 74,208 | $5.4M | Add +5.2% |
| RGA Reinsurance Group of America | 0.23% | 24,574 | $5.2M | Add +1.1% |
| GNTX Gentex Corp. | 0.22% | 199,755 | $5.0M | Reduce -4.3% |
| GMED Globus Medical Inc. Class A | 0.22% | 62,836 | $5.0M | Add +8.1% |
| LAZ Lazard Inc. | 0.20% | 111,179 | $4.7M | Reduce -8.0% |
| SRAD Sportradar Group AG-A | 0.20% | 307,527 | $4.6M | Add +13.4% |
| WEX Wex Inc. | 0.18% | 30,009 | $4.2M | Reduce -6.0% |
| WSC Willscot Holdings Corp. | 0.18% | 146,520 | $4.2M | Reduce -9.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.18% | 50,119 | $4.1M | Add +0.8% |
| ACVA Acv Auctions Inc. Class A | 0.17% | 543,278 | $3.9M | Reduce -3.0% |
| ET Energy Transfer LP | 0.17% | 201,323 | $3.8M | Reduce -23.6% |
| LFUS Littelfuse Inc. | 0.17% | 8,358 | $3.8M | Reduce -28.4% |
| DGX Quest Diagnostics Inc. | 0.16% | 17,090 | $3.6M | Reduce -8.5% |
| NNN NNN REIT Inc. | 0.15% | 75,999 | $3.5M | Reduce -6.0% |
| PKG Packaging Corp. of America | 0.15% | 14,731 | $3.5M | Reduce -10.8% |
| PHR Phreesia Inc. | 0.15% | 339,697 | $3.5M | Add +5.3% |
| SSB Southstate Bank Corp. | 0.15% | 34,922 | $3.5M | Add +14.5% |
| PNW Pinnacle West Capital | 0.15% | 32,528 | $3.5M | Reduce -9.2% |
| WSO Watsco Inc. | 0.15% | 8,319 | $3.5M | Reduce -9.1% |
| SOLV Solventum Corp. | 0.15% | 44,628 | $3.4M | Add +5.6% |
| BWA Borgwarner Inc. | 0.15% | 51,483 | $3.4M | Reduce -29.4% |
| DINO HF Sinclair Corp. | 0.15% | 48,377 | $3.4M | Reduce -22.0% |
| ATO Atmos Energy Corp. | 0.15% | 19,440 | $3.3M | Reduce -4.4% |
| FNF Fidelity National Financial | 0.14% | 69,996 | $3.3M | Add +9.9% |
| WTRG Essential Utilities Inc. | 0.14% | 83,667 | $3.2M | Reduce -0.7% |
| COO The Cooper Cos Inc. | 0.14% | 43,769 | $3.1M | Reduce -5.1% |
| IJH iShares Core S&P Midcap ETF | 0.13% | 39,761 | $3.1M | Reduce -36.1% |
| NXPI NXP Semiconductors NV | 0.13% | 10,765 | $3.0M | Reduce -65.8% |
| SAIA Saia Inc. | 0.13% | 6,923 | $2.9M | Reduce -7.1% |
| LW Lamb Weston Holdings Inc. | 0.12% | 65,659 | $2.8M | Add +17.8% |
| LECO Lincoln Electric Holdings | 0.12% | 10,051 | $2.7M | Reduce -3.8% |
| CLX Clorox Company | 0.11% | 27,384 | $2.6M | Reduce -11.9% |
| DLB Dolby Laboratories Inc. Class A | 0.11% | 46,702 | $2.5M | Reduce -10.1% |
| EEFT Euronet Worldwide Inc. | 0.11% | 33,472 | $2.4M | Reduce -12.6% |
| ICHR Ichor Holdings Ltd. | 0.10% | 20,616 | $2.3M | Reduce -49.2% |
Portfolio Sells Q1 2026 → Q2 2026
| SLB SLB Ltd. | Reduce -51.4% | 1.11% | −1.58 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −1.50 |
| EL Estee Lauder Companies Class A | Reduce -97.5% | 0.04% | −1.41 |
| IWD iShares Russell 1000 Value E | Reduce -58.8% | 0.61% | −0.78 |
| TXN Texas Instruments Inc. | Reduce -47.6% | 1.86% | −0.61 |
| AMAT Applied Materials Inc. | Reduce -62.5% | 1.74% | −0.60 |
| REGN Regeneron Pharmaceuticals | Reduce -1.1% | 1.56% | −0.52 |
| FDX FedEx Corp. | Reduce -11.0% | 1.41% | −0.51 |
| ICLR Icon PLC | Sold out | 0.00% | −0.45 |
| EFA iShares MSCI Eafe ETF | Reduce -40.7% | 0.63% | −0.43 |
| ON On Semiconductor | Reduce -43.8% | 1.47% | −0.36 |
| STZ Constellation Brands Inc. Class A | Reduce -4.5% | 1.55% | −0.32 |
| ALC Alcon Inc. | Reduce -20.4% | 0.54% | −0.27 |
| SRE Sempra | Reduce -1.2% | 1.73% | −0.23 |
| WBS Webster Financial Corp. | Sold out | 0.00% | −0.17 |
| UBER Uber Technologies Inc. | Reduce -0.3% | 2.49% | −0.17 |
| TJX TJX Companies Inc. | Reduce -2.1% | 1.10% | −0.16 |
| NXPI NXP Semiconductors NV | Reduce -65.8% | 0.13% | −0.16 |
| AZN Astrazeneca PLC | Reduce -2.8% | 1.07% | −0.15 |
| ELV Elevance Health Inc. | Reduce -22.0% | 2.43% | −0.09 |
| BCS Barclays PLC-Spons ADR | Reduce -25.7% | 0.61% | −0.08 |
| SONY Sony Group Corp. - SP ADR | Reduce -3.0% | 0.53% | −0.07 |
| ET Energy Transfer LP | Reduce -23.6% | 0.17% | −0.07 |
| USPH U.S. Physical Therapy Inc. | Sold out | 0.00% | −0.06 |
| IJH iShares Core S&P Midcap ETF | Reduce -36.1% | 0.13% | −0.06 |
| ALGN Align Technology Inc. | Reduce -3.9% | 0.47% | −0.06 |
| CBOE Cboe Global Markets Inc. | Reduce -22.4% | 0.10% | −0.06 |
| CB Chubb Ltd. | Reduce -1.5% | 1.56% | −0.06 |
| WEX Wex Inc. | Reduce -6.0% | 0.18% | −0.04 |
| DLB Dolby Laboratories Inc. Class A | Reduce -10.1% | 0.11% | −0.04 |
| CLX Clorox Company | Reduce -11.9% | 0.11% | −0.04 |
| LAZ Lazard Inc. | Reduce -8.0% | 0.20% | −0.04 |
| BWA Borgwarner Inc. | Reduce -29.4% | 0.15% | −0.04 |
| DINO HF Sinclair Corp. | Reduce -22.0% | 0.15% | −0.03 |
| ATO Atmos Energy Corp. | Reduce -4.4% | 0.15% | −0.03 |
| UNP Union Pacific Corp. | Reduce -5.8% | 2.70% | −0.03 |
| LFUS Littelfuse Inc. | Reduce -28.4% | 0.17% | −0.02 |
| WTRG Essential Utilities Inc. | Reduce -0.7% | 0.14% | −0.02 |
| MGA Magna International Inc. | Sold out | 0.00% | −0.02 |
| COO The Cooper Cos Inc. | Reduce -5.1% | 0.14% | −0.02 |
| E Eni SPA-Sponsored ADR | Reduce -47.1% | 0.01% | −0.02 |
| PNW Pinnacle West Capital | Reduce -9.2% | 0.15% | −0.02 |
| ATMU Atmus Filtration Technologie | Reduce -0.8% | 0.06% | −0.01 |
| DGX Quest Diagnostics Inc. | Reduce -8.5% | 0.16% | −0.01 |
| EEFT Euronet Worldwide Inc. | Reduce -12.6% | 0.11% | −0.01 |
| PKG Packaging Corp. of America | Reduce -10.8% | 0.15% | −0.01 |
| TSEM Tower Semiconductor Ltd. | Reduce -30.8% | 0.25% | −0.01 |
| TXNM TXNM Energy Inc. | Reduce -0.2% | 0.07% | −0.01 |
| MCRI Monarch Casino & Resort Inc. | Reduce -29.3% | 0.07% | −0.01 |
| RTX RTX Corp. | Reduce -6.5% | 0.04% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| OMC Omnicom Group | New | 1.65% | +1.65 |
| CSCO Cisco Systems Inc. | New | 1.65% | +1.65 |
| ICE Intercontinental Exchange Inc. | New | 1.40% | +1.40 |
| FDXF FedEx Freight Holding Co. | Add +289.8% | 1.49% | +1.08 |
| TSM Taiwan Semiconductor-SP ADR | Add +3078.6% | 0.71% | +0.69 |
| CNI Canadian Natl Railway Co. | Add +3203.2% | 0.68% | +0.66 |
| VSNT Versant Media Group Inc. | Add +96.7% | 1.41% | +0.62 |
| MAS Masco Corp. | Add +6.0% | 2.03% | +0.51 |
| LUV Southwest Airlines Co. | Add +168.9% | 0.52% | +0.37 |
| APTV Aptiv PLC | Add +53.3% | 1.71% | +0.36 |
| MA Mastercard Inc. Class A | Add +21.8% | 2.21% | +0.33 |
| DEO Diageo PLC-Sponsored ADR | Add +11.1% | 1.91% | +0.21 |
| SW Smurfit Westrock PLC | Add +13.4% | 0.93% | +0.18 |
| ZG Zillow Group Inc. Class A | Add +163.4% | 0.29% | +0.14 |
| GRAB Grab Holdings Ltd. Class A | Add +19.3% | 0.74% | +0.10 |
| EPR Epr Properties | New | 0.07% | +0.07 |
| HQY Healthequity Inc. | New | 0.07% | +0.07 |
| OLLI Ollie's Bargain Outlet Holdi | New | 0.07% | +0.07 |
| TM Toyota Motor Corp. -Spon ADR | New | 0.03% | +0.03 |
| PHR Phreesia Inc. | Add +5.3% | 0.15% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +205.2% | 0.04% | +0.02 |
| SOLV Solventum Corp. | Add +5.6% | 0.15% | +0.02 |
| SSB Southstate Bank Corp. | Add +14.5% | 0.15% | +0.02 |
| PB Prosperity Bancshares Inc. | Add +5.2% | 0.24% | +0.02 |
| HSTM Healthstream Inc. | Add +0.7% | 0.08% | +0.02 |
| BANR Banner Corporation | Add +19.6% | 0.08% | +0.01 |
| LW Lamb Weston Holdings Inc. | Add +17.8% | 0.12% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +43.1% | 0.03% | +0.01 |
| INGR Ingredion Inc. | Add +42.5% | 0.07% | +0.01 |
| FNF Fidelity National Financial | Add +9.9% | 0.14% | +0.01 |
| GPRO Gopro Inc. Class A | New | 0.00% | +0.00 |
| USFR Wisdomtree Floating Rate Tre | Add +8.5% | 0.05% | +0.00 |
| QLTA iShares Aaa - A Rated Corpor | Add +1.7% | 0.04% | −0.00 |
| AGZ iShares Agency Bond ETF | Add +1.4% | 0.05% | −0.00 |
| RGA Reinsurance Group of America | Add +1.1% | 0.23% | −0.00 |
| SRAD Sportradar Group AG-A | Add +13.4% | 0.20% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Add +0.8% | 0.18% | −0.01 |
| GMED Globus Medical Inc. Class A | Add +8.1% | 0.22% | −0.02 |
| HONA Honeywell Aerospace Inc. | Add +4.6% | 1.27% | −0.03 |
| WY Weyerhaeuser Co. | Add +5.3% | 1.14% | −0.04 |
| LH Labcorp Holdings Inc. | Add +0.1% | 2.50% | −0.04 |
| SAP Sap SE-Sponsored ADR | Add +7.1% | 0.42% | −0.04 |
| PEP Pepsico Inc. | Add +17.4% | 1.87% | −0.08 |
| BMY Bristol-Myers Squibb Co. | Add +7.8% | 2.54% | −0.11 |
| CME Cme Group Inc. | Add +33.1% | 2.19% | −0.16 |
| MDT Medtronic PLC | Add +6.4% | 2.08% | −0.23 |
| AMRZ Amrize Ltd. | Add +0.4% | 2.45% | −0.29 |
| CVX Chevron Corp. | Add +1.5% | 1.33% | −0.42 |
| HON Honeywell International Inc. | Add +4.6% | 1.29% | −1.36 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 150 | $2.3B | DAL, GOOGL, UNP, BMY, LH |
| Q1 2026 | 145 | $2.2B | DAL, AMRZ, UNP, SLB, UBER |
| Q4 2025 | 146 | $2.2B | GOOGL, ELV, AMRZ, UNP, CME |
| Q3 2025 | 140 | $2.2B | FLUT, UBER, LH, MDT, UNP |
| Q2 2025 | 148 | $2.4B | FLUT, UBER, DAL, LH, GOOGL |
| Q1 2025 | 154 | $2.4B | UBER, CME, ELV, BMY, LH |
| Q4 2024 | 154 | $2.5B | DAL, GOOGL, DEO, CME, LH |
| Q3 2024 | 147 | $2.6B | DAL, DEO, CME, LH, MDT |
| Q2 2024 | 145 | $2.6B | TXN, GOOGL, GS, CVE, CVX |
| Q1 2024 | 144 | $2.7B | RTX, AXP, CVE, GS, CVX |