Cambiar Investors LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 2, 2024), Cambiar Investors LLC reported 144 stock positions worth $2.7 billion. Its top holding was RTX (RTX) at 2.5% of the portfolio, followed by American Express (AXP, 2.5%) and Cenovus Energy (CVE, 2.3%). Compared with Q4 2023, it opened 2 new positions, sold out of 9, added to 51 and reduced 89. The biggest buy was a new position in Delta Air Lines (DAL) and the biggest sale United Parcel Service Class B (UPS, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0000823621
- Portfolio Value
- $2.7B (Q1 2024)
- SEC Filing
- 0001172661-24-001983 ↗ filed May 2, 2024
Holdings Value
Holdings 144 stocks · $2.7B
| RTX RTX Corp. | 2.52% | 694,894 | $67.8M | Reduce -0.4% |
| AXP American Express Co. | 2.45% | 289,113 | $65.8M | Reduce -9.2% |
| CVE Cenovus Energy Inc. | 2.34% | 3,148,534 | $62.9M | Add +23.1% |
| GS Goldman Sachs Group Inc. | 2.24% | 144,197 | $60.2M | Reduce -5.9% |
| CVX Chevron Corp. | 2.21% | 376,861 | $59.4M | Add +25.9% |
| TXN Texas Instruments Inc. | 2.21% | 340,996 | $59.4M | Add +4.6% |
| WAT Waters Corp. | 2.18% | 170,198 | $58.6M | Reduce -0.8% |
| DEO Diageo PLC-Sponsored ADR | 2.18% | 392,940 | $58.4M | Add +260.0% |
| STZ Constellation Brands Inc. Class A | 2.17% | 214,736 | $58.4M | Add +0.7% |
| CNC Centene Corp. | 2.14% | 730,658 | $57.3M | Add +0.3% |
| PPG PPG Industries Inc. | 2.11% | 391,592 | $56.7M | Add +1.6% |
| MDT Medtronic PLC | 2.11% | 649,531 | $56.6M | Add +6.9% |
| GOOGL Alphabet Inc. Class A | 2.07% | 367,724 | $55.5M | Add +1.8% |
| TEL Te Connectivity Ltd. | 2.06% | 380,915 | $55.3M | Reduce -1.1% |
| UNP Union Pacific Corp. | 2.06% | 224,932 | $55.3M | Reduce -0.5% |
| LH Laboratory CRP of Amer Hldgs | 1.97% | 241,749 | $52.8M | Add +0.5% |
| SRE Sempra | 1.96% | 733,054 | $52.7M | Add +26.1% |
| AMZN Amazon.com Inc. | 1.96% | 291,174 | $52.5M | Reduce -22.2% |
| CB Chubb Ltd. | 1.88% | 194,809 | $50.5M | Reduce -1.8% |
| JPM JPMorgan Chase & Co. | 1.83% | 244,742 | $49.0M | Reduce -24.1% |
| DAL Delta Air Lines Inc. | 1.80% | 1,008,074 | $48.3M | New |
| COP Conocophillips | 1.77% | 373,300 | $47.5M | Add +37.0% |
| JNJ Johnson & Johnson | 1.75% | 296,599 | $46.9M | Add +17.4% |
| CME Cme Group Inc. | 1.62% | 202,587 | $43.6M | Add +48.0% |
| BMY Bristol-Myers Squibb Co. | 1.55% | 768,142 | $41.7M | Reduce -4.8% |
| MRVL Marvell Technology Inc. | 1.54% | 584,784 | $41.4M | Reduce -3.0% |
| CTVA Corteva Inc. | 1.53% | 710,067 | $40.9M | Add +7.2% |
| ICE Intercontinental Exchange Inc. | 1.49% | 290,832 | $40.0M | Reduce -7.0% |
| PNC PNC Financial Services Group | 1.46% | 242,086 | $39.1M | Add +0.5% |
| WMB Williams Cos Inc. | 1.43% | 986,759 | $38.5M | Add +14.3% |
| AMAT Applied Materials Inc. | 1.39% | 180,550 | $37.2M | Reduce -17.8% |
| MA Mastercard Inc. Class A | 1.38% | 77,063 | $37.1M | Reduce -0.8% |
| CL Colgate-Palmolive Co. | 1.38% | 411,961 | $37.1M | Reduce -28.2% |
| ROK Rockwell Automation Inc. | 1.36% | 125,454 | $36.5M | Add +12.8% |
| SYY Sysco Corp. | 1.30% | 429,874 | $34.9M | Reduce -31.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.30% | 343,178 | $34.8M | Reduce -0.1% |
| UBER Uber Technologies Inc. | 1.13% | 395,068 | $30.4M | Reduce -57.6% |
| ING ING Groep N.V.-Sponsored ADR | 1.03% | 1,670,221 | $27.5M | Add +22.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.91% | 179,600 | $24.4M | Reduce -14.5% |
| SU Suncor Energy Inc. | 0.82% | 597,721 | $22.1M | Reduce -21.5% |
| SAP Sap SE-Sponsored ADR | 0.79% | 108,183 | $21.1M | Reduce -10.5% |
| BCS Barclays PLC-Spons ADR | 0.75% | 2,134,557 | $20.2M | Reduce -1.1% |
| AEM Agnico Eagle Mines Ltd. | 0.74% | 334,907 | $20.0M | Reduce -8.0% |
| RGA Reinsurance Group of America | 0.64% | 89,386 | $17.2M | Reduce -0.9% |
| MGY Magnolia Oil & Gas Corp. Class A | 0.62% | 645,741 | $16.8M | Add +1.1% |
| GSK GSK PLC-Spon ADR | 0.62% | 390,593 | $16.7M | Reduce -8.3% |
| GNTX Gentex Corp. | 0.61% | 452,268 | $16.3M | Reduce -1.8% |
| LECO Lincoln Electric Holdings | 0.58% | 61,471 | $15.7M | Reduce -1.7% |
| HQY Healthequity Inc. | 0.58% | 191,664 | $15.6M | Reduce -4.2% |
| EQNR Equinor ASA-Spon ADR | 0.55% | 550,774 | $14.9M | Add +6.2% |
| TTE Totalenergies SE -Spon ADR | 0.55% | 215,595 | $14.8M | Reduce -6.8% |
| ACGL Arch Capital Group Ltd. | 0.54% | 157,387 | $14.5M | Reduce -0.3% |
| HLN Haleon PLC-ADR | 0.54% | 1,695,519 | $14.4M | Reduce -8.3% |
| CNH CNH Industrial NV | 0.53% | 1,104,051 | $14.3M | Reduce -8.7% |
| FNF Fidelity National Financial | 0.52% | 260,492 | $13.8M | Reduce -0.9% |
| NVS Novartis AG-Sponsored ADR | 0.51% | 141,718 | $13.7M | Reduce -9.2% |
| ULTA Ulta Beauty Inc. | 0.51% | 26,186 | $13.7M | Reduce -0.8% |
| EEFT Euronet Worldwide Inc. | 0.51% | 124,191 | $13.7M | Reduce 0.0% |
| MAS Masco Corp. | 0.51% | 172,541 | $13.6M | Reduce -5.2% |
| SONY Sony Group Corp. - SP ADR | 0.50% | 157,913 | $13.5M | Reduce -8.1% |
| AFG American Financial Group Inc. | 0.50% | 98,741 | $13.5M | Add +0.3% |
| EPAM Epam Systems Inc. | 0.50% | 48,140 | $13.3M | Reduce -0.7% |
| TRGP Targa Resources Corp. | 0.49% | 118,032 | $13.2M | Add +0.4% |
| WEX Wex Inc. | 0.49% | 54,874 | $13.0M | Add +0.3% |
| EXPD Expeditors Intl Wash Inc. | 0.48% | 105,083 | $12.8M | Add +0.1% |
| PKG Packaging Corp. of America | 0.47% | 67,080 | $12.7M | Add +0.1% |
| MOH Molina Healthcare Inc. | 0.47% | 30,772 | $12.6M | Add +0.5% |
| LFUS Littelfuse Inc. | 0.47% | 51,765 | $12.5M | Add +26.1% |
| DGX Quest Diagnostics Inc. | 0.47% | 94,233 | $12.5M | Add +19.0% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.47% | 62,948 | $12.5M | Add +0.1% |
| BRKR Bruker Corp. | 0.46% | 132,522 | $12.4M | Reduce -24.4% |
| PNW Pinnacle West Capital | 0.46% | 166,521 | $12.4M | New |
| ATO Atmos Energy Corp. | 0.46% | 103,295 | $12.3M | Add +0.7% |
| CRL Charles River Laboratories | 0.46% | 45,120 | $12.2M | Reduce -25.1% |
| BOKF Bok Financial Corporation | 0.46% | 132,794 | $12.2M | Add +1.5% |
| DOX Amdocs Ltd. | 0.44% | 132,124 | $11.9M | Add +12.2% |
| NNN NNN REIT Inc. | 0.44% | 275,645 | $11.8M | Add +0.6% |
| COLD Americold Realty Trust Inc. | 0.44% | 469,534 | $11.7M | Add +20.8% |
| MMS Maximus Inc. | 0.43% | 138,638 | $11.6M | Add +0.5% |
| CBOE Cboe Global Markets Inc. | 0.43% | 62,660 | $11.5M | Add +0.3% |
| WTRG Essential Utilities Inc. | 0.43% | 309,474 | $11.5M | Add +2.0% |
| DLB Dolby Laboratories Inc. Class A | 0.43% | 136,852 | $11.5M | Add +1.0% |
| LW Lamb Weston Holdings Inc. | 0.42% | 106,690 | $11.4M | Add +0.6% |
| EFA iShares MSCI Eafe ETF | 0.41% | 139,025 | $11.1M | Reduce -63.8% |
| XRAY Dentsply Sirona Inc. | 0.41% | 334,280 | $11.1M | Add +3.4% |
| TTC Toro Co. | 0.39% | 114,263 | $10.5M | Add +1.7% |
| USFR Wisdomtree Floating Rate Tre | 0.36% | 190,000 | $9.6M | Add +137.5% |
| IPGP Ipg Photonics Corp. | 0.35% | 104,356 | $9.5M | Add +2.6% |
| INCY Incyte Corp. | 0.31% | 147,996 | $8.4M | Add +4.3% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.28% | 145,281 | $7.5M | Add +29.9% |
| IWD iShares Russell 1000 Value E | 0.27% | 41,027 | $7.3M | Reduce -78.0% |
| E Eni SPA-Sponsored ADR | 0.23% | 191,839 | $6.1M | Add +571.6% |
| SHY iShares 1-3 Year Treasury Bo | 0.22% | 72,083 | $5.9M | Add +34.5% |
| ET Energy Transfer LP | 0.19% | 318,451 | $5.0M | Add +0.4% |
| CAMX Cambiar Aggressive Value ETF | 0.16% | 149,699 | $4.4M | Add +14.4% |
| ATMU Atmus Filtration Technologie | 0.11% | 87,598 | $2.8M | Reduce -7.4% |
| MCRI Monarch Casino & Resort Inc. | 0.10% | 36,975 | $2.8M | Reduce -2.6% |
| ENV Envestnet Inc. | 0.10% | 47,157 | $2.7M | Reduce -18.2% |
| CBT Cabot Corp. | 0.10% | 28,160 | $2.6M | Reduce -6.6% |
| AXS Axis Capital Holdings Ltd. | 0.10% | 39,653 | $2.6M | Reduce -11.2% |
Portfolio Sells Q4 2023 → Q1 2024
| UPS United Parcel Service Class B | Reduce -99.1% | 0.02% | −1.83 |
| UBER Uber Technologies Inc. | Reduce -57.6% | 1.13% | −1.13 |
| IWD iShares Russell 1000 Value E | Reduce -78.0% | 0.27% | −0.94 |
| EFA iShares MSCI Eafe ETF | Reduce -63.8% | 0.41% | −0.73 |
| SYY Sysco Corp. | Reduce -31.1% | 1.30% | −0.50 |
| CL Colgate-Palmolive Co. | Reduce -28.2% | 1.38% | −0.42 |
| MRCY Mercury Systems Inc. | Sold out | 0.00% | −0.40 |
| JPM JPMorgan Chase & Co. | Reduce -24.1% | 1.83% | −0.33 |
| AMZN Amazon.com Inc. | Reduce -22.2% | 1.96% | −0.28 |
| SU Suncor Energy Inc. | Reduce -21.5% | 0.82% | −0.14 |
| SONY Sony Group Corp. - SP ADR | Reduce -8.1% | 0.50% | −0.14 |
| UNP Union Pacific Corp. | Reduce -0.5% | 2.06% | −0.13 |
| NVS Novartis AG-Sponsored ADR | Reduce -9.2% | 0.51% | −0.11 |
| M D C HLDGS INC | Sold out | 0.00% | −0.11 |
| PGTI PGT Innovations Inc. | Sold out | 0.00% | −0.11 |
| CRL Charles River Laboratories | Reduce -25.1% | 0.46% | −0.11 |
| IJH iShares Core S&P Midcap ETF | Reduce -72.5% | 0.04% | −0.10 |
| ICE Intercontinental Exchange Inc. | Reduce -7.0% | 1.49% | −0.09 |
| GS Goldman Sachs Group Inc. | Reduce -5.9% | 2.24% | −0.08 |
| BMY Bristol-Myers Squibb Co. | Reduce -4.8% | 1.55% | −0.08 |
| EPAM Epam Systems Inc. | Reduce -0.7% | 0.50% | −0.07 |
| TEL Te Connectivity Ltd. | Reduce -1.1% | 2.06% | −0.07 |
| HLN Haleon PLC-ADR | Reduce -8.3% | 0.54% | −0.06 |
| TTE Totalenergies SE -Spon ADR | Reduce -6.8% | 0.55% | −0.06 |
| MMI Marcus & Millichap Inc. | Reduce -23.5% | 0.07% | −0.05 |
| CNH CNH Industrial NV | Reduce -8.7% | 0.53% | −0.05 |
| CRNC Cerence Inc. | Sold out | 0.00% | −0.04 |
| BRKR Bruker Corp. | Reduce -24.4% | 0.46% | −0.04 |
| AEM Agnico Eagle Mines Ltd. | Reduce -8.0% | 0.74% | −0.04 |
| WAT Waters Corp. | Reduce -0.8% | 2.18% | −0.04 |
| IIPR Innovative Industrial Proper | Reduce -28.4% | 0.09% | −0.04 |
| AMN Amn Healthcare Services Inc. | Reduce -1.9% | 0.09% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.02 |
| INNV Innovage Holding Corp. | Reduce -1.6% | 0.05% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -71.2% | 0.01% | −0.02 |
| WNS WNS Holdings Ltd. | Reduce -2.2% | 0.06% | −0.02 |
| TCBI Texas Capital Bancshares Inc. | Reduce -10.4% | 0.09% | −0.02 |
| FORR Forrester Research Inc. | Reduce -2.6% | 0.06% | −0.02 |
| ADUS Addus Homecare Corp. | Reduce -21.9% | 0.09% | −0.02 |
| OLED Universal Display Corp. | Reduce -2.2% | 0.08% | −0.02 |
| NVEE NV5 Global Inc. | Reduce -2.1% | 0.08% | −0.02 |
| DIOD Diodes Inc. | Reduce -2.3% | 0.08% | −0.02 |
| JOUT Johnson Outdoors Inc. Class A | Reduce -2.3% | 0.07% | −0.02 |
| RMBS Rambus Inc. | Reduce -2.6% | 0.09% | −0.02 |
| ACWI iShares MSCI Acwi ETF | Reduce -43.7% | 0.02% | −0.02 |
| UCB United Community Banks | Reduce -1.6% | 0.08% | −0.02 |
| AGZ iShares Agency Bond ETF | Reduce -11.9% | 0.07% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -17.8% | 1.39% | −0.01 |
| FTDR Frontdoor Inc. | Reduce -2.3% | 0.08% | −0.01 |
| NSP Insperity Inc. | Reduce -2.4% | 0.08% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| DAL Delta Air Lines Inc. | New | 1.80% | +1.80 |
| DEO Diageo PLC-Sponsored ADR | Add +260.0% | 2.18% | +1.55 |
| CVE Cenovus Energy Inc. | Add +23.1% | 2.34% | +0.67 |
| COP Conocophillips | Add +37.0% | 1.77% | +0.52 |
| CME Cme Group Inc. | Add +48.0% | 1.62% | +0.49 |
| PNW Pinnacle West Capital | New | 0.46% | +0.46 |
| CVX Chevron Corp. | Add +25.9% | 2.21% | +0.46 |
| CTVA Corteva Inc. | Add +7.2% | 1.53% | +0.28 |
| SRE Sempra | Add +26.1% | 1.96% | +0.25 |
| WMB Williams Cos Inc. | Add +14.3% | 1.43% | +0.25 |
| ING ING Groep N.V.-Sponsored ADR | Add +22.2% | 1.03% | +0.22 |
| USFR Wisdomtree Floating Rate Tre | Add +137.5% | 0.36% | +0.20 |
| E Eni SPA-Sponsored ADR | Add +571.6% | 0.23% | +0.19 |
| JNJ Johnson & Johnson | Add +17.4% | 1.75% | +0.19 |
| STZ Constellation Brands Inc. Class A | Add +0.7% | 2.17% | +0.14 |
| MDT Medtronic PLC | Add +6.9% | 2.11% | +0.14 |
| AL Sumisho Air Lease Corp. | Add +29.9% | 0.28% | +0.09 |
| TRGP Targa Resources Corp. | Add +0.4% | 0.49% | +0.09 |
| MGY Magnolia Oil & Gas Corp. Class A | Add +1.1% | 0.62% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +1.8% | 2.07% | +0.08 |
| WEX Wex Inc. | Add +0.3% | 0.49% | +0.07 |
| SHY iShares 1-3 Year Treasury Bo | Add +34.5% | 0.22% | +0.05 |
| PKG Packaging Corp. of America | Add +0.1% | 0.47% | +0.04 |
| AFG American Financial Group Inc. | Add +0.3% | 0.50% | +0.04 |
| DGX Quest Diagnostics Inc. | Add +19.0% | 0.47% | +0.04 |
| DOX Amdocs Ltd. | Add +12.2% | 0.44% | +0.04 |
| MOH Molina Healthcare Inc. | Add +0.5% | 0.47% | +0.04 |
| LFUS Littelfuse Inc. | Add +26.1% | 0.47% | +0.03 |
| CAMX Cambiar Aggressive Value ETF | Add +14.4% | 0.16% | +0.03 |
| TXN Texas Instruments Inc. | Add +4.6% | 2.21% | +0.02 |
| ET Energy Transfer LP | Add +0.4% | 0.19% | +0.01 |
| BOKF Bok Financial Corporation | Add +1.5% | 0.46% | +0.01 |
| CNC Centene Corp. | Add +0.3% | 2.14% | +0.01 |
| ROK Rockwell Automation Inc. | Add +12.8% | 1.36% | +0.00 |
| DXYN Dixie Group Inc. | Add +33.3% | 0.00% | −0.00 |
| CBOE Cboe Global Markets Inc. | Add +0.3% | 0.43% | −0.01 |
| ATO Atmos Energy Corp. | Add +0.7% | 0.46% | −0.01 |
| PNC PNC Financial Services Group | Add +0.5% | 1.46% | −0.01 |
| WTRG Essential Utilities Inc. | Add +2.0% | 0.43% | −0.02 |
| MMS Maximus Inc. | Add +0.5% | 0.43% | −0.02 |
| NNN NNN REIT Inc. | Add +0.6% | 0.44% | −0.03 |
| COLD Americold Realty Trust Inc. | Add +20.8% | 0.44% | −0.03 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +0.1% | 0.47% | −0.03 |
| LW Lamb Weston Holdings Inc. | Add +0.6% | 0.42% | −0.03 |
| DLB Dolby Laboratories Inc. Class A | Add +1.0% | 0.43% | −0.03 |
| TTC Toro Co. | Add +1.7% | 0.39% | −0.03 |
| INCY Incyte Corp. | Add +4.3% | 0.31% | −0.04 |
| XRAY Dentsply Sirona Inc. | Add +3.4% | 0.41% | −0.04 |
| EXPD Expeditors Intl Wash Inc. | Add +0.1% | 0.48% | −0.05 |
| IPGP Ipg Photonics Corp. | Add +2.6% | 0.35% | −0.08 |
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 |