Cambiar Investors LLC

Name: CAMBIAR INVESTORS LLC 13F holdings, Q4 2024
Creator: CAMBIAR INVESTORS LLC
Published: 2025-01-29

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), Cambiar Investors LLC reported 154 stock positions worth $2.5 billion. Its top holding was Delta Air Lines (DAL) at 3.0% of the portfolio, followed by Alphabet Class A (GOOGL, 2.6%) and Diageo PLC-Sponsored ADR (DEO, 2.5%). Compared with Q3 2024, it opened 17 new positions, sold out of 10, added to 22 and reduced 111. The biggest buy was iShares Russell 1000 Value E (IWD, shares +812%) and the biggest sale Waters (WAT, shares −81%).

Most Recent 13F: Q2 2026
Location: Denver, CO
CIK: 0000823621
Portfolio Value: $2.5B (Q4 2024)
SEC Filing: 0001172661-25-000396 ↗ filed Jan 29, 2025

Holdings Value

Holdings 154 stocks · $2.5B


DAL Delta Air Lines Inc.	3.00%	1,249,445	$75.6M	Reduce -6.1%
GOOGL Alphabet Inc. Class A	2.57%	342,414	$64.8M	Reduce -2.9%
DEO Diageo PLC-Sponsored ADR	2.51%	497,022	$63.2M	Add +6.8%
CME Cme Group Inc.	2.48%	269,627	$62.6M	Reduce -5.3%
LH Labcorp Holdings Inc.	2.44%	268,450	$61.6M	Reduce -2.6%
AMZN Amazon.com Inc.	2.36%	271,259	$59.5M	Reduce -3.5%
UNP Union Pacific Corp.	2.33%	257,975	$58.8M	Add +32.7%
BMY Bristol-Myers Squibb Co.	2.33%	1,039,399	$58.8M	Add +5.9%
TXN Texas Instruments Inc.	2.32%	311,644	$58.4M	Add +9.2%
UBER Uber Technologies Inc.	2.26%	944,909	$57.0M	Add +47.0%
CMCSA Comcast Corp. Class A	2.21%	1,485,207	$55.7M	Add +2.2%
CVX Chevron Corp.	2.18%	379,782	$55.0M	Reduce -2.1%
JPM JPMorgan Chase & Co.	2.15%	226,329	$54.3M	Reduce -4.1%
SYY Sysco Corp.	2.15%	709,431	$54.2M	Add +15.2%
IWD iShares Russell 1000 Value E	2.15%	292,754	$54.2M	Add +811.8%
MDT Medtronic PLC	2.07%	654,799	$52.3M	Reduce -4.2%
EFA iShares MSCI Eafe ETF	2.05%	685,158	$51.8M	Add +339.9%
CB Chubb Ltd.	1.97%	179,500	$49.6M	Reduce -3.5%
TEL Te Connectivity PLC	1.92%	339,434	$48.5M	Reduce -8.0%
PPG PPG Industries Inc.	1.92%	404,608	$48.3M	Reduce -7.1%
SRE Sempra	1.85%	533,075	$46.8M	Reduce -24.7%
ELV Elevance Health Inc.	1.81%	123,650	$45.6M	New
USB US Bancorp	1.79%	942,436	$45.1M	Reduce -1.2%
PNC PNC Financial Services Group	1.78%	232,905	$44.9M	Reduce -1.9%
CTVA Corteva Inc.	1.66%	735,180	$41.9M	Add +4.7%
GS Goldman Sachs Group Inc.	1.65%	72,447	$41.5M	Reduce -24.8%
CNC Centene Corp.	1.62%	675,362	$40.9M	Reduce -8.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW	1.55%	323,414	$39.1M	Reduce -2.6%
MA Mastercard Inc. Class A	1.53%	73,281	$38.6M	Reduce -2.9%
JNJ Johnson & Johnson	1.51%	263,816	$38.2M	Reduce -12.6%
CVE Cenovus Energy Inc.	1.47%	2,453,792	$37.2M	Reduce -20.1%
ABNB Airbnb Inc. Class A	1.46%	280,941	$36.9M	New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC	1.35%	452,699	$33.9M	New
STZ Constellation Brands Inc. Class A	1.33%	151,712	$33.5M	Reduce -28.1%
AEP American Electric Power	1.31%	358,017	$33.0M	New
AXP American Express Co.	1.31%	111,177	$33.0M	Reduce -30.0%
RTX RTX Corp.	1.05%	229,188	$26.5M	Reduce -1.8%
AMAT Applied Materials Inc.	0.95%	147,661	$24.0M	Add +6.8%
SONY Sony Group Corp. - SP ADR	0.89%	1,059,241	$22.4M	Add +29.8%
ING ING Groep N.V.-Sponsored ADR	0.85%	1,361,394	$21.3M	Reduce -4.4%
BCS Barclays PLC-Spons ADR	0.81%	1,527,545	$20.3M	Reduce -10.6%
CNH CNH Industrial NV	0.67%	1,485,871	$16.8M	Reduce -1.1%
SAP Sap SE-Sponsored ADR	0.66%	67,083	$16.5M	Reduce -9.2%
RGA Reinsurance Group of America	0.60%	70,947	$15.2M	Reduce -9.6%
TSM Taiwan Semiconductor-SP ADR	0.56%	71,752	$14.2M	Reduce -8.8%
ICLR Icon PLC	0.55%	66,673	$14.0M	New
HLN Haleon PLC-ADR	0.54%	1,432,508	$13.7M	Reduce -5.4%
VSH Vishay Intertechnology Inc.	0.52%	777,627	$13.2M	New
MGY Magnolia Oil & Gas Corp. Class A	0.52%	558,688	$13.1M	Reduce -10.3%
PKG Packaging Corp. of America	0.50%	56,065	$12.6M	Reduce -11.5%
BOKF Bok Financial Corporation	0.49%	115,094	$12.3M	Reduce -11.4%
FNF Fidelity National Financial	0.48%	217,438	$12.2M	Reduce -10.9%
ATO Atmos Energy Corp.	0.48%	87,304	$12.2M	Reduce -14.2%
PNW Pinnacle West Capital	0.48%	141,581	$12.0M	Reduce -10.8%
DGX Quest Diagnostics Inc.	0.47%	79,383	$12.0M	Reduce -10.4%
NVS Novartis AG-Sponsored ADR	0.47%	121,975	$11.9M	Reduce -2.9%
AFG American Financial Group Inc.	0.46%	84,546	$11.6M	Reduce -10.3%
WAT Waters Corp.	0.46%	31,168	$11.6M	Reduce -81.3%
EEFT Euronet Worldwide Inc.	0.43%	106,437	$10.9M	Reduce -10.0%
JBHT Hunt (jb) Transprt SVCS Inc.	0.43%	63,859	$10.9M	Reduce -10.9%
SRAD Sportradar Group AG-A	0.43%	624,983	$10.8M	New
EPAM Epam Systems Inc.	0.43%	46,039	$10.8M	Reduce -10.5%
MAS Masco Corp.	0.43%	148,066	$10.7M	Reduce -12.8%
CBOE Cboe Global Markets Inc.	0.42%	54,179	$10.6M	Reduce -10.2%
EXPD Expeditors Intl Wash Inc.	0.41%	92,391	$10.2M	Reduce -11.0%
IJH iShares Core S&P Midcap ETF	0.40%	161,143	$10.0M	Add +345.4%
LFUS Littelfuse Inc.	0.40%	42,594	$10.0M	Reduce -13.5%
WEX Wex Inc.	0.40%	57,206	$10.0M	Reduce -12.0%
TTE Totalenergies SE -Spon ADR	0.40%	183,854	$10.0M	Reduce -29.5%
EQNR Equinor ASA-Spon ADR	0.40%	420,512	$10.0M	Reduce -25.6%
LECO Lincoln Electric Holdings	0.39%	52,536	$9.8M	Reduce -14.8%
NNN NNN REIT Inc.	0.39%	240,212	$9.8M	Reduce -11.6%
DOX Amdocs Ltd.	0.39%	114,642	$9.8M	Reduce -10.0%
WTRG Essential Utilities Inc.	0.39%	268,353	$9.7M	Reduce -12.2%
DLB Dolby Laboratories Inc. Class A	0.38%	124,067	$9.7M	Reduce -9.4%
INCY Incyte Corp.	0.38%	139,652	$9.6M	Reduce -11.2%
MOH Molina Healthcare Inc.	0.38%	33,136	$9.6M	Reduce -11.2%
GNTX Gentex Corp.	0.37%	326,088	$9.4M	Reduce -24.5%
LW Lamb Weston Holdings Inc.	0.35%	132,600	$8.9M	Reduce -7.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.34%	224,019	$8.6M	New
USFR Wisdomtree Floating Rate Tre	0.34%	170,000	$8.6M	Reduce -10.5%
MMS Maximus Inc.	0.34%	114,120	$8.5M	Reduce -13.5%
TTC Toro Co.	0.33%	102,435	$8.2M	Reduce -11.4%
WSC Willscot Holdings Corp.	0.32%	241,605	$8.1M	Reduce -19.0%
COLD Americold Realty Trust Inc.	0.32%	376,991	$8.1M	Reduce -18.2%
DINO HF Sinclair Corp.	0.31%	221,148	$7.8M	New
CRL Charles River Laboratories	0.29%	40,050	$7.4M	Reduce -12.8%
IIPR Innovative Industrial Proper	0.29%	108,284	$7.2M	Add +370.0%
IPGP Ipg Photonics Corp.	0.28%	97,383	$7.1M	Reduce -10.0%
ET Energy Transfer LP	0.25%	317,599	$6.2M	Add +0.0%
XRAY Dentsply Sirona Inc.	0.23%	309,210	$5.9M	Reduce -9.1%
SHY iShares 1-3 Year Treasury Bo	0.23%	70,262	$5.8M	Reduce -4.3%
CAMX Cambiar Aggressive Value ETF	0.16%	135,000	$4.0M	Add +7.1%
GMED Globus Medical Inc. Class A	0.13%	39,325	$3.3M	Reduce -7.9%
AXS Axis Capital Holdings Ltd.	0.13%	35,621	$3.2M	Reduce -7.9%
FTDR Frontdoor Inc.	0.12%	55,735	$3.0M	Reduce -7.9%
EXEL Exelixis Inc.	0.11%	86,292	$2.9M	Reduce -7.9%
TCBI Texas Capital Bancshares Inc.	0.11%	35,533	$2.8M	Reduce -7.9%
MCRI Monarch Casino & Resort Inc.	0.10%	33,555	$2.6M	Reduce -7.9%
HSTM Healthstream Inc.	0.10%	80,530	$2.6M	Reduce -7.9%
UCB United Community Banks	0.10%	78,252	$2.5M	Reduce -7.9%
IDA Idacorp Inc.	0.10%	22,938	$2.5M	Reduce -8.0%
MRVL Marvell Technology Inc.	0.10%	22,604	$2.5M	Reduce -95.4%
FAF First American Financial	0.10%	38,450	$2.4M	Reduce -7.9%
ATMU Atmus Filtration Technologie	0.09%	60,730	$2.4M	Reduce -7.9%
AEIS Advanced Energy Industries	0.09%	20,366	$2.4M	Reduce -7.0%
RNR Renaissancere Holdings Ltd.	0.09%	9,393	$2.3M	Reduce -7.9%
PB Prosperity Bancshares Inc.	0.09%	30,941	$2.3M	Reduce -7.9%
HQY Healthequity Inc.	0.09%	23,780	$2.3M	Reduce -87.4%
TXNM TXNM Energy Inc.	0.09%	45,781	$2.3M	New
UBSI United Bankshares Inc.	0.09%	59,782	$2.2M	Reduce -7.9%
USPH U.S. Physical Therapy Inc.	0.09%	24,550	$2.2M	Reduce -7.9%
TSEM Tower Semiconductor Ltd.	0.09%	41,920	$2.2M	Reduce -38.2%
HUBG Hub Group Inc. Class A	0.08%	47,035	$2.1M	Reduce -7.9%
ACWI iShares MSCI Acwi ETF	0.08%	17,149	$2.0M	Add +326.0%
ADUS Addus Homecare Corp.	0.08%	15,413	$1.9M	Reduce -7.9%
ALG Alamo Group Inc.	0.08%	10,352	$1.9M	Reduce -7.9%
MMI Marcus & Millichap Inc.	0.08%	49,914	$1.9M	Reduce -7.9%
VEA Vanguard Ftse Developed ETF	0.07%	38,760	$1.9M	Add +905.7%
CBT Cabot Corp.	0.07%	20,266	$1.9M	Reduce -7.9%
RMBS Rambus Inc.	0.07%	34,526	$1.8M	Reduce -7.9%
OLED Universal Display Corp.	0.07%	12,169	$1.8M	Reduce -7.9%
EFOR Everforth Inc. filed as ASGN INC	0.07%	21,282	$1.8M	Reduce -7.9%
NTST Netstreit Corp.	0.07%	123,290	$1.7M	Reduce -7.9%
DIOD Diodes Inc.	0.07%	27,636	$1.7M	Reduce -7.9%
VTV Vanguard Mrngstr Val ETF-Aui	0.07%	10,058	$1.7M	Add +210.1%
NVEE NV5 Global Inc.	0.06%	85,303	$1.6M	Reduce -7.0%
HCSG Healthcare Services Group	0.06%	137,012	$1.6M	Reduce -7.9%
NSP Insperity Inc.	0.06%	18,883	$1.5M	Reduce -7.0%
WNS WNS Holdings Ltd. filed as WNS HLDGS LTD	0.06%	30,788	$1.5M	Reduce -7.0%
ICE Intercontinental Exchange Inc.	0.05%	8,696	$1.3M	Reduce -96.2%
JOUT Johnson Outdoors Inc. Class A	0.05%	38,429	$1.3M	Reduce -7.9%
WMB Williams Cos Inc.	0.05%	21,791	$1.2M	Reduce -97.3%
INNV Innovage Holding Corp.	0.04%	275,369	$1.1M	Reduce -7.9%
FORR Forrester Research Inc.	0.04%	68,189	$1.1M	Reduce -7.9%
CL Colgate-Palmolive Co.	0.03%	9,168	$833K	Reduce -7.4%
VXF Vanguard Extended Market ETF	0.03%	3,903	$741K	New
VEU Vanguard Ftse All-World Ex-U	0.03%	12,300	$706K	New
AGZ iShares Agency Bond ETF	0.03%	6,262	$676K	Add +0.6%
AMN Amn Healthcare Services Inc.	0.03%	27,920	$668K	Reduce -7.9%
QLTA iShares Aaa - A Rated Corpor	0.03%	13,572	$635K	Add +0.5%
IVE iShares S&P 500 Value ETF	0.02%	2,710	$517K	New
ROK Rockwell Automation Inc.	0.02%	1,673	$478K	No change
AEM Agnico Eagle Mines Ltd.	0.02%	5,786	$453K	Reduce -96.8%
ASML ASML Holding NV-NY Reg SHS	0.02%	619	$429K	New
E Eni SPA-Sponsored ADR	0.02%	14,155	$387K	Reduce -14.5%
DALN Dallasnews Corp.	0.01%	47,084	$350K	No change
UPS United Parcel Service Class B	0.01%	2,513	$317K	Reduce -2.5%
WELL Welltower Inc.	0.01%	2,438	$307K	No change
IEUR iShares Core MSCI Europe ETF	0.01%	5,673	$306K	New
MSI Motorola Solutions Inc.	0.01%	501	$232K	No change
ASX Ase Technology Holding -ADR	0.01%	16,700	$168K	New
VSAT Viasat Inc.	0.00%	14,471	$123K	New
TDAY USA Today Co. Inc. filed as GANNETT CO INC	0.00%	13,558	$69K	Add +27.2%

Portfolio Sells Q3 2024 → Q4 2024


WAT Waters Corp.	Reduce -81.3%	0.46%	−1.85
ICE Intercontinental Exchange Inc.	Reduce -96.2%	0.05%	−1.38
WMB Williams Cos Inc.	Reduce -97.3%	0.05%	−1.36
MRVL Marvell Technology Inc.	Reduce -95.4%	0.10%	−1.26
STZ Constellation Brands Inc. Class A	Reduce -28.1%	1.33%	−0.76
AEM Agnico Eagle Mines Ltd.	Reduce -96.8%	0.02%	−0.55
CNC Centene Corp.	Reduce -8.7%	1.62%	−0.52
HQY Healthequity Inc.	Reduce -87.4%	0.09%	−0.50
CVE Cenovus Energy Inc.	Reduce -20.1%	1.47%	−0.50
TRGP Targa Resources Corp.	Sold out	0.00%	−0.47
ACGL Arch Capital Group Ltd.	Sold out	0.00%	−0.45
BRKR Bruker Corp.	Sold out	0.00%	−0.43
SRE Sempra	Reduce -24.7%	1.85%	−0.42
JNJ Johnson & Johnson	Reduce -12.6%	1.51%	−0.37
AXP American Express Co.	Reduce -30.0%	1.31%	−0.35
PPG PPG Industries Inc.	Reduce -7.1%	1.92%	−0.30
MDT Medtronic PLC	Reduce -4.2%	2.07%	−0.29
AL Sumisho Air Lease Corp.	Sold out	0.00%	−0.25
TTE Totalenergies SE -Spon ADR	Reduce -29.5%	0.40%	−0.25
TEL Te Connectivity PLC	Reduce -8.0%	1.92%	−0.22
GS Goldman Sachs Group Inc.	Reduce -24.8%	1.65%	−0.19
COLD Americold Realty Trust Inc.	Reduce -18.2%	0.32%	−0.18
EQNR Equinor ASA-Spon ADR	Reduce -25.6%	0.40%	−0.16
ING ING Groep N.V.-Sponsored ADR	Reduce -4.4%	0.85%	−0.15
MMS Maximus Inc.	Reduce -13.5%	0.34%	−0.14
WEX Wex Inc.	Reduce -12.0%	0.40%	−0.13
MAS Masco Corp.	Reduce -12.8%	0.43%	−0.12
GNTX Gentex Corp.	Reduce -24.5%	0.37%	−0.12
XRAY Dentsply Sirona Inc.	Reduce -9.1%	0.23%	−0.12
EXPD Expeditors Intl Wash Inc.	Reduce -11.0%	0.41%	−0.12
NNN NNN REIT Inc.	Reduce -11.6%	0.39%	−0.12
MOH Molina Healthcare Inc.	Reduce -11.2%	0.38%	−0.11
WSC Willscot Holdings Corp.	Reduce -19.0%	0.32%	−0.11
LFUS Littelfuse Inc.	Reduce -13.5%	0.40%	−0.10
AVA Avista Corp.	Sold out	0.00%	−0.10
FNF Fidelity National Financial	Reduce -10.9%	0.48%	−0.10
CB Chubb Ltd.	Reduce -3.5%	1.97%	−0.10
NVS Novartis AG-Sponsored ADR	Reduce -2.9%	0.47%	−0.09
HLN Haleon PLC-ADR	Reduce -5.4%	0.54%	−0.07
MGY Magnolia Oil & Gas Corp. Class A	Reduce -10.3%	0.52%	−0.07
WTRG Essential Utilities Inc.	Reduce -12.2%	0.39%	−0.07
PNW Pinnacle West Capital	Reduce -10.8%	0.48%	−0.07
LECO Lincoln Electric Holdings	Reduce -14.8%	0.39%	−0.07
ATO Atmos Energy Corp.	Reduce -14.2%	0.48%	−0.06
TTC Toro Co.	Reduce -11.4%	0.33%	−0.06
RGA Reinsurance Group of America	Reduce -9.6%	0.60%	−0.06
CBOE Cboe Global Markets Inc.	Reduce -10.2%	0.42%	−0.06
CRL Charles River Laboratories	Reduce -12.8%	0.29%	−0.05
DGX Quest Diagnostics Inc.	Reduce -10.4%	0.47%	−0.05
NAPA The Duckhorn Portfolio Inc.	Sold out	0.00%	−0.04

Portfolio Buys Q3 2024 → Q4 2024


IWD iShares Russell 1000 Value E	Add +811.8%	2.15%	+1.91
ELV Elevance Health Inc.	New	1.81%	+1.81
EFA iShares MSCI Eafe ETF	Add +339.9%	2.05%	+1.55
ABNB Airbnb Inc. Class A	New	1.46%	+1.46
EL Estee Lauder Companies Class A	New	1.35%	+1.35
AEP American Electric Power	New	1.31%	+1.31
ICLR Icon PLC	New	0.55%	+0.55
VSH Vishay Intertechnology Inc.	New	0.52%	+0.52
UNP Union Pacific Corp.	Add +32.7%	2.33%	+0.49
SRAD Sportradar Group AG-A	New	0.43%	+0.43
UBER Uber Technologies Inc.	Add +47.0%	2.26%	+0.40
BMY Bristol-Myers Squibb Co.	Add +5.9%	2.33%	+0.38
SLB SLB Ltd.	New	0.34%	+0.34
IJH iShares Core S&P Midcap ETF	Add +345.4%	0.40%	+0.31
DINO HF Sinclair Corp.	New	0.31%	+0.31
SYY Sysco Corp.	Add +15.2%	2.15%	+0.30
SONY Sony Group Corp. - SP ADR	Add +29.8%	0.89%	+0.28
IIPR Innovative Industrial Proper	Add +370.0%	0.29%	+0.17
TXNM TXNM Energy Inc.	New	0.09%	+0.09
CTVA Corteva Inc.	Add +4.7%	1.66%	+0.07
VEA Vanguard Ftse Developed ETF	Add +905.7%	0.07%	+0.07
ACWI iShares MSCI Acwi ETF	Add +326.0%	0.08%	+0.06
ET Energy Transfer LP	Add +0.0%	0.25%	+0.05
TXN Texas Instruments Inc.	Add +9.2%	2.32%	+0.05
VTV Vanguard Mrngstr Val ETF-Aui	Add +210.1%	0.07%	+0.05
VXF Vanguard Extended Market ETF	New	0.03%	+0.03
VEU Vanguard Ftse All-World Ex-U	New	0.03%	+0.03
IVE iShares S&P 500 Value ETF	New	0.02%	+0.02
ASML ASML Holding NV-NY Reg SHS	New	0.02%	+0.02
IEUR iShares Core MSCI Europe ETF	New	0.01%	+0.01
CAMX Cambiar Aggressive Value ETF	Add +7.1%	0.16%	+0.01
ASX Ase Technology Holding -ADR	New	0.01%	+0.01
VSAT Viasat Inc.	New	0.00%	+0.00
TDAY USA Today Co. Inc.	Add +27.2%	0.00%	+0.00
AGZ iShares Agency Bond ETF	Add +0.6%	0.03%	+0.00
QLTA iShares Aaa - A Rated Corpor	Add +0.5%	0.03%	−0.00
DEO Diageo PLC-Sponsored ADR	Add +6.8%	2.51%	−0.01
AMAT Applied Materials Inc.	Add +6.8%	0.95%	−0.12
CMCSA Comcast Corp. Class A	Add +2.2%	2.21%	−0.13

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