Cambiar Investors LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 26, 2024), Cambiar Investors LLC reported 145 stock positions worth $2.6 billion. Its top holding was Texas Instruments (TXN) at 2.5% of the portfolio, followed by Alphabet Class A (GOOGL, 2.5%) and Goldman Sachs (GS, 2.5%). Compared with Q1 2024, it opened 3 new positions, sold out of 2, added to 36 and reduced 64. The biggest buy was a new position in Comcast Class A (CMCSA) and the biggest sale Rockwell Automation (ROK, shares −99%).

Most Recent 13F
Q2 2026
Location
Denver, CO
CIK
0000823621
Portfolio Value
$2.6B (Q2 2024)
SEC Filing
0001172661-24-002938 ↗ filed Jul 26, 2024

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.7B Q1 2024 Q2 2024: $2.6B $2.6B Q2 2024 Q3 2024: $2.6B Q3 2024 Q4 2024: $2.5B Q4 2024 Q1 2025: $2.4B Q1 2025 Q2 2025: $2.4B Q2 2025 Q3 2025: $2.2B Q3 2025 Q4 2025: $2.2B Q4 2025 Q1 2026: $2.2B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 145 stocks · $2.6B
TXN Texas Instruments Inc. 2.55% 334,662 $65.1M Reduce -1.9%
GOOGL Alphabet Inc. Class A 2.50% 350,746 $63.9M Reduce -4.6%
GS Goldman Sachs Group Inc. 2.45% 138,736 $62.8M Reduce -3.8%
CVE Cenovus Energy Inc. 2.43% 3,157,773 $62.1M Add +0.3%
CVX Chevron Corp. 2.34% 382,073 $59.8M Add +1.4%
LH Labcorp Holdings Inc. 2.23% 280,163 $57.0M Add +15.9%
TEL Te Connectivity Ltd. 2.23% 378,907 $57.0M Reduce -0.5%
CME Cme Group Inc. 2.22% 288,135 $56.6M Add +42.2%
DAL Delta Air Lines Inc. 2.20% 1,187,561 $56.3M Add +17.8%
RTX RTX Corp. 2.20% 559,899 $56.2M Reduce -19.4%
SRE Sempra 2.14% 720,830 $54.8M Reduce -1.7%
MDT Medtronic PLC 2.14% 694,515 $54.7M Add +6.9%
AMZN Amazon.com Inc. 2.13% 282,268 $54.5M Reduce -3.1%
STZ Constellation Brands Inc. Class A 2.12% 210,596 $54.2M Reduce -1.9%
PPG PPG Industries Inc. 2.11% 427,930 $53.9M Add +9.3%
DEO Diageo PLC-Sponsored ADR 2.06% 418,146 $52.7M Add +6.4%
UNP Union Pacific Corp. 2.03% 228,907 $51.8M Add +1.8%
CMCSA Comcast Corp. Class A 1.99% 1,300,003 $50.9M New
WAT Waters Corp. 1.93% 170,234 $49.4M Add +0.0%
CNC Centene Corp. 1.91% 737,246 $48.9M Add +0.9%
JPM JPMorgan Chase & Co. 1.91% 241,209 $48.8M Reduce -1.4%
CB Chubb Ltd. 1.90% 190,094 $48.5M Reduce -2.4%
AMAT Applied Materials Inc. 1.63% 176,836 $41.7M Reduce -2.1%
COP Conocophillips 1.60% 357,137 $40.8M Reduce -4.3%
WMB Williams Cos Inc. 1.59% 956,611 $40.7M Reduce -3.1%
MRVL Marvell Technology Inc. 1.57% 573,371 $40.1M Reduce -1.9%
JNJ Johnson & Johnson 1.56% 272,522 $39.8M Reduce -8.1%
CL Colgate-Palmolive Co. 1.54% 406,233 $39.4M Reduce -1.4%
CTVA Corteva Inc. 1.50% 709,006 $38.2M Reduce -0.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.46% 339,578 $37.4M Reduce -1.1%
PNC PNC Financial Services Group 1.46% 240,398 $37.4M Reduce -0.7%
AXP American Express Co. 1.46% 161,149 $37.3M Reduce -44.3%
ICE Intercontinental Exchange Inc. 1.43% 266,293 $36.5M Reduce -8.4%
MA Mastercard Inc. Class A 1.32% 76,525 $33.8M Reduce -0.7%
BMY Bristol-Myers Squibb Co. 1.28% 785,724 $32.6M Add +2.3%
SYY Sysco Corp. 1.22% 438,277 $31.3M Add +1.9%
UBER Uber Technologies Inc. 1.12% 394,656 $28.7M Reduce -0.1%
ING ING Groep N.V.-Sponsored ADR 1.00% 1,494,954 $25.6M Reduce -10.5%
NVS Novartis AG-Sponsored ADR 0.90% 216,656 $23.1M Add +52.9%
SAP Sap SE-Sponsored ADR 0.80% 100,866 $20.3M Reduce -6.8%
BCS Barclays PLC-Spons ADR 0.77% 1,842,143 $19.7M Reduce -13.7%
TTE Totalenergies SE -Spon ADR 0.70% 267,411 $17.8M Add +24.0%
RGA Reinsurance Group of America 0.68% 84,418 $17.3M Reduce -5.6%
HQY Healthequity Inc. 0.64% 190,031 $16.4M Reduce -0.8%
EQNR Equinor ASA-Spon ADR 0.64% 572,243 $16.3M Add +3.9%
MGY Magnolia Oil & Gas Corp. Class A 0.62% 627,074 $15.9M Reduce -2.9%
CNH CNH Industrial NV 0.60% 1,523,620 $15.4M Add +38.0%
GNTX Gentex Corp. 0.59% 448,599 $15.1M Reduce -0.8%
TRGP Targa Resources Corp. 0.58% 115,991 $14.9M Reduce -1.7%
TSM Taiwan Semiconductor-SP ADR 0.57% 83,861 $14.6M Reduce -53.3%
EFA iShares MSCI Eafe ETF 0.56% 183,635 $14.4M Add +32.1%
IWD iShares Russell 1000 Value E 0.55% 80,196 $14.0M Add +95.5%
HLN Haleon PLC-ADR 0.51% 1,591,444 $13.1M Reduce -6.1%
LFUS Littelfuse Inc. 0.51% 51,418 $13.1M Reduce -0.7%
EXPD Expeditors Intl Wash Inc. 0.51% 104,239 $13.0M Reduce -0.8%
DGX Quest Diagnostics Inc. 0.50% 93,349 $12.8M Reduce -0.9%
FNF Fidelity National Financial 0.50% 257,450 $12.7M Reduce -1.2%
EEFT Euronet Worldwide Inc. 0.50% 122,726 $12.7M Reduce -1.2%
PNW Pinnacle West Capital 0.49% 165,145 $12.6M Reduce -0.8%
SONY Sony Group Corp. - SP ADR 0.49% 147,140 $12.5M Reduce -6.8%
AEM Agnico Eagle Mines Ltd. 0.48% 189,043 $12.4M Reduce -43.5%
PKG Packaging Corp. of America 0.47% 66,481 $12.1M Reduce -0.9%
BOKF Bok Financial Corporation 0.47% 131,468 $12.0M Reduce -1.0%
AFG American Financial Group Inc. 0.47% 97,856 $12.0M Reduce -0.9%
ATO Atmos Energy Corp. 0.47% 103,167 $12.0M Reduce -0.1%
LW Lamb Weston Holdings Inc. 0.47% 141,671 $11.9M Add +32.8%
MMS Maximus Inc. 0.46% 137,708 $11.8M Reduce -0.7%
NNN NNN REIT Inc. 0.46% 273,966 $11.7M Reduce -0.6%
COLD Americold Realty Trust Inc. 0.45% 454,641 $11.6M Reduce -3.2%
LECO Lincoln Electric Holdings 0.45% 61,371 $11.6M Reduce -0.2%
WEX Wex Inc. 0.45% 64,895 $11.5M Add +18.3%
WTRG Essential Utilities Inc. 0.45% 307,005 $11.5M Reduce -0.8%
MAS Masco Corp. 0.45% 171,417 $11.4M Reduce -0.7%
ACGL Arch Capital Group Ltd. 0.44% 112,111 $11.3M Reduce -28.8%
JBHT Hunt (jb) Transprt SVCS Inc. 0.44% 69,759 $11.2M Add +10.8%
MOH Molina Healthcare Inc. 0.43% 37,366 $11.1M Add +21.4%
TTC Toro Co. 0.43% 116,308 $10.9M Add +1.8%
DLB Dolby Laboratories Inc. Class A 0.42% 136,095 $10.8M Reduce -0.6%
CBOE Cboe Global Markets Inc. 0.41% 62,396 $10.6M Reduce -0.4%
DOX Amdocs Ltd. 0.41% 131,487 $10.4M Reduce -0.5%
BRKR Bruker Corp. 0.40% 161,024 $10.3M Add +21.5%
USFR Wisdomtree Floating Rate Tre 0.37% 190,000 $9.6M No change
INCY Incyte Corp. 0.37% 157,661 $9.6M Add +6.5%
CRL Charles River Laboratories 0.37% 45,436 $9.4M Add +0.7%
EPAM Epam Systems Inc. 0.35% 48,074 $9.0M Reduce -0.1%
IPGP Ipg Photonics Corp. 0.34% 102,341 $8.6M Reduce -1.9%
XRAY Dentsply Sirona Inc. 0.32% 329,372 $8.2M Reduce -1.5%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.27% 146,549 $7.0M Add +0.9%
E Eni SPA-Sponsored ADR 0.24% 197,960 $6.1M Add +3.2%
SHY iShares 1-3 Year Treasury Bo 0.23% 73,534 $6.0M Add +2.0%
ET Energy Transfer LP 0.20% 321,211 $5.2M Add +0.9%
CAMX Cambiar Aggressive Value ETF 0.20% 176,902 $5.0M Add +18.2%
GMED Globus Medical Inc. Class A 0.12% 43,688 $3.0M No change
ENV Envestnet Inc. 0.12% 47,157 $3.0M No change
TSEM Tower Semiconductor Ltd. 0.11% 72,021 $2.8M No change
AXS Axis Capital Holdings Ltd. 0.11% 39,653 $2.8M No change
IJH iShares Core S&P Midcap ETF 0.11% 47,806 $2.8M Add +182.9%
OLED Universal Display Corp. 0.11% 13,207 $2.8M No change
ADUS Addus Homecare Corp. 0.10% 23,112 $2.7M No change
IIPR Innovative Industrial Proper 0.10% 23,068 $2.5M No change

Show all 145 holdings

Portfolio Sells Q1 2024 → Q2 2024
ROK Rockwell Automation Inc. Reduce -98.5% 0.02% −1.34
AXP American Express Co. Reduce -44.3% 1.46% −0.99
SU Suncor Energy Inc. Reduce -98.9% 0.01% −0.81
GSK GSK PLC-Spon ADR Sold out 0.00% −0.62
ULTA Ulta Beauty Inc. Sold out 0.00% −0.51
TSM Taiwan Semiconductor-SP ADR Reduce -53.3% 0.57% −0.34
RTX RTX Corp. Reduce -19.4% 2.20% −0.33
AEM Agnico Eagle Mines Ltd. Reduce -43.5% 0.48% −0.26
JNJ Johnson & Johnson Reduce -8.1% 1.56% −0.19
COP Conocophillips Reduce -4.3% 1.60% −0.17
EPAM Epam Systems Inc. Reduce -0.1% 0.35% −0.14
LECO Lincoln Electric Holdings Reduce -0.2% 0.45% −0.13
ACGL Arch Capital Group Ltd. Reduce -28.8% 0.44% −0.10
XRAY Dentsply Sirona Inc. Reduce -1.5% 0.32% −0.09
ICE Intercontinental Exchange Inc. Reduce -8.4% 1.43% −0.06
MA Mastercard Inc. Class A Reduce -0.7% 1.32% −0.06
MAS Masco Corp. Reduce -0.7% 0.45% −0.06
STZ Constellation Brands Inc. Class A Reduce -1.9% 2.12% −0.05
DOX Amdocs Ltd. Reduce -0.5% 0.41% −0.04
AFG American Financial Group Inc. Reduce -0.9% 0.47% −0.03
ATMU Atmus Filtration Technologie Reduce -24.8% 0.07% −0.03
CTVA Corteva Inc. Reduce -0.1% 1.50% −0.03
ING ING Groep N.V.-Sponsored ADR Reduce -10.5% 1.00% −0.02
HLN Haleon PLC-ADR Reduce -6.1% 0.51% −0.02
CBT Cabot Corp. Reduce -22.0% 0.08% −0.02
FNF Fidelity National Financial Reduce -1.2% 0.50% −0.02
GNTX Gentex Corp. Reduce -0.8% 0.59% −0.02
SONY Sony Group Corp. - SP ADR Reduce -6.8% 0.49% −0.02
IPGP Ipg Photonics Corp. Reduce -1.9% 0.34% −0.01
CBOE Cboe Global Markets Inc. Reduce -0.4% 0.41% −0.01
EEFT Euronet Worldwide Inc. Reduce -1.2% 0.50% −0.01
UBER Uber Technologies Inc. Reduce -0.1% 1.12% −0.01
DLB Dolby Laboratories Inc. Class A Reduce -0.6% 0.42% −0.01
MGY Magnolia Oil & Gas Corp. Class A Reduce -2.9% 0.62% −0.00
UPS United Parcel Service Class B Reduce -2.2% 0.01% −0.00
PKG Packaging Corp. of America Reduce -0.9% 0.47% +0.00
PNC PNC Financial Services Group Reduce -0.7% 1.46% +0.00
AEIS Advanced Energy Industries Reduce -1.5% 0.09% +0.01
SAP Sap SE-Sponsored ADR Reduce -6.8% 0.80% +0.01
ATO Atmos Energy Corp. Reduce -0.1% 0.47% +0.01
CB Chubb Ltd. Reduce -2.4% 1.90% +0.02
BOKF Bok Financial Corporation Reduce -1.0% 0.47% +0.02
NNN NNN REIT Inc. Reduce -0.6% 0.46% +0.02
COLD Americold Realty Trust Inc. Reduce -3.2% 0.45% +0.02
BCS Barclays PLC-Spons ADR Reduce -13.7% 0.77% +0.02
WTRG Essential Utilities Inc. Reduce -0.8% 0.45% +0.02
MRVL Marvell Technology Inc. Reduce -1.9% 1.57% +0.02
MMS Maximus Inc. Reduce -0.7% 0.46% +0.03
PNW Pinnacle West Capital Reduce -0.8% 0.49% +0.03
DGX Quest Diagnostics Inc. Reduce -0.9% 0.50% +0.03

Portfolio Buys Q1 2024 → Q2 2024
CMCSA Comcast Corp. Class A New 1.99% +1.99
CME Cme Group Inc. Add +42.2% 2.22% +0.59
DAL Delta Air Lines Inc. Add +17.8% 2.20% +0.41
NVS Novartis AG-Sponsored ADR Add +52.9% 0.90% +0.39
IWD iShares Russell 1000 Value E Add +95.5% 0.55% +0.27
LH Labcorp Holdings Inc. Add +15.9% 2.23% +0.26
EFA iShares MSCI Eafe ETF Add +32.1% 0.56% +0.15
TTE Totalenergies SE -Spon ADR Add +24.0% 0.70% +0.14
CVX Chevron Corp. Add +1.4% 2.34% +0.12
EQNR Equinor ASA-Spon ADR Add +3.9% 0.64% +0.08
CVE Cenovus Energy Inc. Add +0.3% 2.43% +0.08
IJH iShares Core S&P Midcap ETF Add +182.9% 0.11% +0.07
CNH CNH Industrial NV Add +38.0% 0.60% +0.07
INCY Incyte Corp. Add +6.5% 0.37% +0.06
LW Lamb Weston Holdings Inc. Add +32.8% 0.47% +0.04
TTC Toro Co. Add +1.8% 0.43% +0.04
CAMX Cambiar Aggressive Value ETF Add +18.2% 0.20% +0.03
MDT Medtronic PLC Add +6.9% 2.14% +0.03
ET Energy Transfer LP Add +0.9% 0.20% +0.02
SHY iShares 1-3 Year Treasury Bo Add +2.0% 0.23% +0.02
VEA Vanguard Ftse Developed ETF New 0.01% +0.01
E Eni SPA-Sponsored ADR Add +3.2% 0.24% +0.01
ACWI iShares MSCI Acwi ETF Add +8.5% 0.03% +0.00
DALN Dallasnews Corp. Add +184.9% 0.00% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +22.5% 0.01% +0.00
TDAY USA Today Co. Inc. New 0.00% +0.00
AL Sumisho Air Lease Corp. Add +0.9% 0.27% −0.01
PPG PPG Industries Inc. Add +9.3% 2.11% −0.01
JBHT Hunt (jb) Transprt SVCS Inc. Add +10.8% 0.44% −0.03
UNP Union Pacific Corp. Add +1.8% 2.03% −0.03
WEX Wex Inc. Add +18.3% 0.45% −0.04
MOH Molina Healthcare Inc. Add +21.4% 0.43% −0.04
BRKR Bruker Corp. Add +21.5% 0.40% −0.06
SYY Sysco Corp. Add +1.9% 1.22% −0.08
CRL Charles River Laboratories Add +0.7% 0.37% −0.09
DEO Diageo PLC-Sponsored ADR Add +6.4% 2.06% −0.12
CNC Centene Corp. Add +0.9% 1.91% −0.22
WAT Waters Corp. Add +0.0% 1.93% −0.25
BMY Bristol-Myers Squibb Co. Add +2.3% 1.28% −0.28

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 150$2.3BDAL, GOOGL, UNP, BMY, LH
Q1 2026 145$2.2BDAL, AMRZ, UNP, SLB, UBER
Q4 2025 146$2.2BGOOGL, ELV, AMRZ, UNP, CME
Q3 2025 140$2.2BFLUT, UBER, LH, MDT, UNP
Q2 2025 148$2.4BFLUT, UBER, DAL, LH, GOOGL
Q1 2025 154$2.4BUBER, CME, ELV, BMY, LH
Q4 2024 154$2.5BDAL, GOOGL, DEO, CME, LH
Q3 2024 147$2.6BDAL, DEO, CME, LH, MDT
Q2 2024 145$2.6BTXN, GOOGL, GS, CVE, CVX
Q1 2024 144$2.7BRTX, AXP, CVE, GS, CVX