Cambiar Investors LLC

Name: CAMBIAR INVESTORS LLC 13F holdings, Q1 2025
Creator: CAMBIAR INVESTORS LLC
Published: 2025-05-13

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Cambiar Investors LLC reported 154 stock positions worth $2.4 billion. Its top holding was Uber Technologies (UBER) at 3.0% of the portfolio, followed by Cme (CME, 2.9%) and Elevance Health (ELV, 2.8%). Compared with Q4 2024, it opened 9 new positions, sold out of 9, added to 26 and reduced 116. The biggest buy was a new position in Conocophillips (COP) and the biggest sale iShares MSCI Eafe ETF (EFA, shares −82%).

Most Recent 13F: Q2 2026
Location: Denver, CO
CIK: 0000823621
Portfolio Value: $2.4B (Q1 2025)
SEC Filing: 0001172661-25-001772 ↗ filed May 13, 2025

Holdings Value

Holdings 154 stocks · $2.4B


UBER Uber Technologies Inc.	2.99%	969,545	$70.6M	Add +2.6%
CME Cme Group Inc.	2.92%	260,038	$69.0M	Reduce -3.6%
ELV Elevance Health Inc.	2.81%	152,402	$66.3M	Add +23.3%
BMY Bristol-Myers Squibb Co.	2.62%	1,011,934	$61.7M	Reduce -2.6%
LH Labcorp Holdings Inc.	2.59%	262,944	$61.2M	Reduce -2.0%
MDT Medtronic PLC	2.47%	649,070	$58.3M	Reduce -0.9%
CVX Chevron Corp.	2.46%	347,333	$58.1M	Reduce -8.5%
TXN Texas Instruments Inc.	2.33%	306,481	$55.1M	Reduce -1.7%
CB Chubb Ltd.	2.26%	176,863	$53.4M	Reduce -1.5%
GOOGL Alphabet Inc. Class A	2.19%	333,617	$51.6M	Reduce -2.6%
DEO Diageo PLC-Sponsored ADR	2.15%	485,258	$50.9M	Reduce -2.4%
DAL Delta Air Lines Inc.	2.14%	1,159,267	$50.5M	Reduce -7.2%
JPM JPMorgan Chase & Co.	2.14%	205,491	$50.4M	Reduce -9.2%
CMCSA Comcast Corp. Class A	2.07%	1,322,318	$48.8M	Reduce -11.0%
COP Conocophillips	2.00%	448,516	$47.1M	New
UNP Union Pacific Corp.	2.00%	199,331	$47.1M	Reduce -22.7%
CNC Centene Corp.	1.98%	768,990	$46.7M	Add +13.9%
CVE Cenovus Energy Inc.	1.97%	3,347,074	$46.6M	Add +36.4%
AMZN Amazon.com Inc.	1.93%	239,243	$45.5M	Reduce -11.8%
SRE Sempra	1.88%	621,294	$44.3M	Add +16.6%
IWD iShares Russell 1000 Value E	1.81%	227,071	$42.7M	Reduce -22.4%
PPG PPG Industries Inc.	1.81%	390,257	$42.7M	Reduce -3.5%
PNC PNC Financial Services Group	1.73%	232,679	$40.9M	Reduce -0.1%
MA Mastercard Inc. Class A	1.65%	71,181	$39.0M	Reduce -2.9%
ABNB Airbnb Inc. Class A	1.64%	324,470	$38.8M	Add +15.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW	1.64%	316,949	$38.6M	Reduce -2.0%
CTVA Corteva Inc.	1.63%	611,335	$38.5M	Reduce -16.9%
USB US Bancorp	1.60%	893,582	$37.7M	Reduce -5.2%
AEP American Electric Power	1.55%	333,826	$36.5M	Reduce -6.8%
SYY Sysco Corp.	1.52%	477,809	$35.9M	Reduce -32.6%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC	1.49%	531,082	$35.1M	Add +17.3%
TEL Te Connectivity PLC	1.43%	239,012	$33.8M	Reduce -29.6%
STZ Constellation Brands Inc. Class A	1.37%	176,412	$32.4M	Add +16.3%
REGN Regeneron Pharmaceuticals	1.35%	50,310	$31.9M	New
RTX RTX Corp.	1.26%	224,259	$29.7M	Reduce -2.1%
AXP American Express Co.	1.24%	108,585	$29.2M	Reduce -2.3%
ING ING Groep N.V.-Sponsored ADR	1.07%	1,286,646	$25.2M	Reduce -5.5%
GS Goldman Sachs Group Inc.	1.06%	45,973	$25.1M	Reduce -36.5%
SONY Sony Group Corp. - SP ADR	1.06%	987,378	$25.1M	Reduce -6.8%
BCS Barclays PLC-Spons ADR	0.91%	1,405,389	$21.6M	Reduce -8.0%
AMAT Applied Materials Inc.	0.86%	140,401	$20.4M	Reduce -4.9%
SAP Sap SE-Sponsored ADR	0.71%	62,715	$16.8M	Reduce -6.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.64%	362,030	$15.1M	Add +61.6%
TTE Totalenergies SE -Spon ADR	0.64%	233,532	$15.1M	Add +27.0%
CNH CNH Industrial NV	0.63%	1,207,447	$14.8M	Reduce -18.7%
HLN Haleon PLC-ADR	0.59%	1,361,608	$14.0M	Reduce -5.0%
MGY Magnolia Oil & Gas Corp. Class A	0.52%	489,866	$12.4M	Reduce -12.3%
FNF Fidelity National Financial	0.52%	189,233	$12.3M	Reduce -13.0%
RGA Reinsurance Group of America	0.51%	61,671	$12.1M	Reduce -13.1%
SRAD Sportradar Group AG-A	0.51%	553,786	$12.0M	Reduce -11.4%
PNW Pinnacle West Capital	0.50%	123,981	$11.8M	Reduce -12.4%
RYAAY Ryanair Holdings PLC-SP ADR	0.50%	278,150	$11.8M	New
ATO Atmos Energy Corp.	0.50%	75,998	$11.7M	Reduce -12.9%
DGX Quest Diagnostics Inc.	0.49%	68,730	$11.6M	Reduce -13.4%
TSM Taiwan Semiconductor-SP ADR	0.48%	68,460	$11.4M	Reduce -4.6%
FLUT Flutter Entertainment PLC-Di	0.47%	50,003	$11.1M	New
CBOE Cboe Global Markets Inc.	0.46%	47,536	$10.8M	Reduce -12.3%
ICLR Icon PLC	0.45%	60,875	$10.7M	Reduce -8.7%
BOKF Bok Financial Corporation	0.44%	100,061	$10.4M	Reduce -13.1%
EFA iShares MSCI Eafe ETF	0.43%	125,541	$10.3M	Reduce -81.7%
EXPD Expeditors Intl Wash Inc.	0.43%	83,851	$10.1M	Reduce -9.2%
EEFT Euronet Worldwide Inc.	0.43%	94,014	$10.0M	Reduce -11.7%
MOH Molina Healthcare Inc.	0.42%	29,941	$9.9M	Reduce -9.6%
PKG Packaging Corp. of America	0.41%	49,026	$9.7M	Reduce -12.6%
WTRG Essential Utilities Inc.	0.41%	244,329	$9.7M	Reduce -8.9%
WAT Waters Corp.	0.40%	25,407	$9.4M	Reduce -18.5%
DOX Amdocs Ltd.	0.40%	101,887	$9.3M	Reduce -11.1%
NNN NNN REIT Inc.	0.39%	216,918	$9.3M	Reduce -9.7%
MAS Masco Corp.	0.38%	130,484	$9.1M	Reduce -11.9%
WBS Webster Financial Corp.	0.38%	172,932	$8.9M	New
DLB Dolby Laboratories Inc. Class A	0.37%	109,949	$8.8M	Reduce -11.4%
LECO Lincoln Electric Holdings	0.37%	46,637	$8.8M	Reduce -11.2%
USFR Wisdomtree Floating Rate Tre	0.37%	175,249	$8.8M	Add +3.1%
COLD Americold Realty Trust Inc.	0.35%	381,397	$8.2M	Add +1.2%
WEX Wex Inc.	0.34%	51,156	$8.0M	Reduce -10.6%
JBHT Hunt (jb) Transprt SVCS Inc.	0.32%	50,850	$7.5M	Reduce -20.4%
DINO HF Sinclair Corp.	0.32%	226,668	$7.5M	Add +2.5%
SKX Skechers USA Inc. Class A	0.31%	130,011	$7.4M	New
LFUS Littelfuse Inc.	0.30%	36,440	$7.2M	Reduce -14.4%
MMS Maximus Inc.	0.30%	103,736	$7.1M	Reduce -9.1%
ET Energy Transfer LP	0.30%	376,604	$7.0M	Add +18.6%
VSH Vishay Intertechnology Inc.	0.29%	433,682	$6.9M	Reduce -44.2%
TTC Toro Co.	0.28%	92,031	$6.7M	Reduce -10.2%
LW Lamb Weston Holdings Inc.	0.28%	122,350	$6.5M	Reduce -7.7%
WSC Willscot Holdings Corp.	0.28%	234,457	$6.5M	Reduce -3.0%
GNTX Gentex Corp.	0.27%	278,312	$6.5M	Reduce -14.7%
EPAM Epam Systems Inc.	0.27%	37,724	$6.4M	Reduce -18.1%
IJH iShares Core S&P Midcap ETF	0.27%	107,434	$6.3M	Reduce -33.3%
IPGP Ipg Photonics Corp.	0.27%	99,114	$6.3M	Add +1.8%
CRL Charles River Laboratories	0.26%	40,665	$6.1M	Add +1.5%
IIPR Innovative Industrial Proper	0.26%	111,845	$6.0M	Add +3.3%
E Eni SPA-Sponsored ADR	0.23%	179,182	$5.5M	Add +1165.9%
XRAY Dentsply Sirona Inc.	0.21%	331,767	$5.0M	Add +7.3%
SHY iShares 1-3 Year Treasury Bo	0.20%	56,928	$4.7M	Reduce -19.0%
NOV Nov Inc.	0.19%	290,097	$4.4M	New
CAMX Cambiar Aggressive Value ETF	0.17%	135,000	$4.1M	No change
VTV Vanguard Mrngstr Val ETF-Aui	0.14%	18,764	$3.2M	Add +86.6%
AXS Axis Capital Holdings Ltd.	0.13%	29,756	$3.0M	Reduce -16.5%
GMED Globus Medical Inc. Class A	0.10%	32,851	$2.4M	Reduce -16.5%
IDA Idacorp Inc.	0.09%	19,143	$2.2M	Reduce -16.5%
TCBI Texas Capital Bancshares Inc.	0.09%	29,683	$2.2M	Reduce -16.5%
MCRI Monarch Casino & Resort Inc.	0.09%	28,030	$2.2M	Reduce -16.5%
HSTM Healthstream Inc.	0.09%	67,257	$2.2M	Reduce -16.5%
FAF First American Financial	0.09%	32,119	$2.1M	Reduce -16.5%
TXNM TXNM Energy Inc.	0.09%	38,275	$2.0M	Reduce -16.4%
RNR Renaissancere Holdings Ltd.	0.08%	7,841	$1.9M	Reduce -16.5%
ATMU Atmus Filtration Technologie	0.08%	50,773	$1.9M	Reduce -16.4%
PB Prosperity Bancshares Inc.	0.08%	25,852	$1.8M	Reduce -16.4%
UCB United Community Banks	0.08%	65,337	$1.8M	Reduce -16.5%
FTDR Frontdoor Inc.	0.08%	46,555	$1.8M	Reduce -16.5%
NVEE NV5 Global Inc.	0.07%	91,328	$1.8M	Add +7.1%
UBSI United Bankshares Inc.	0.07%	49,917	$1.7M	Reduce -16.5%
NTST Netstreit Corp.	0.07%	103,025	$1.6M	Reduce -16.4%
AEIS Advanced Energy Industries	0.07%	17,008	$1.6M	Reduce -16.5%
EXEL Exelixis Inc.	0.07%	43,284	$1.6M	Reduce -49.8%
WNS WNS Holdings Ltd. filed as WNS HLDGS LTD	0.07%	25,732	$1.6M	Reduce -16.4%
ALG Alamo Group Inc.	0.07%	8,646	$1.5M	Reduce -16.5%
RMBS Rambus Inc.	0.06%	28,834	$1.5M	Reduce -16.5%
USPH U.S. Physical Therapy Inc.	0.06%	20,515	$1.5M	Reduce -16.4%
HUBG Hub Group Inc. Class A	0.06%	39,288	$1.5M	Reduce -16.5%
MMI Marcus & Millichap Inc.	0.06%	41,706	$1.4M	Reduce -16.4%
OLED Universal Display Corp.	0.06%	10,164	$1.4M	Reduce -16.5%
CBT Cabot Corp.	0.06%	16,947	$1.4M	Reduce -16.4%
NSP Insperity Inc.	0.06%	15,763	$1.4M	Reduce -16.5%
ADUS Addus Homecare Corp.	0.05%	12,878	$1.3M	Reduce -16.4%
TSEM Tower Semiconductor Ltd.	0.05%	35,038	$1.2M	Reduce -16.4%
HQY Healthequity Inc.	0.05%	13,848	$1.2M	Reduce -41.8%
ACWI iShares MSCI Acwi ETF	0.05%	10,347	$1.2M	Reduce -39.7%
HCSG Healthcare Services Group	0.05%	114,382	$1.2M	Reduce -16.5%
EFOR Everforth Inc. filed as ASGN INC	0.05%	17,797	$1.1M	Reduce -16.4%
DIOD Diodes Inc.	0.04%	23,081	$996K	Reduce -16.5%
AGZ iShares Agency Bond ETF	0.04%	8,321	$911K	Add +32.9%
JOUT Johnson Outdoors Inc. Class A	0.03%	32,094	$797K	Reduce -16.5%
QLTA iShares Aaa - A Rated Corpor	0.03%	16,408	$780K	Add +20.9%
INNV Innovage Holding Corp.	0.03%	230,089	$686K	Reduce -16.4%
WMB Williams Cos Inc.	0.03%	11,430	$683K	Reduce -47.5%
AMN Amn Healthcare Services Inc.	0.02%	23,330	$571K	Reduce -16.4%
IEI iShares 3-7 Year Treasury Bo	0.02%	4,586	$542K	New
FORR Forrester Research Inc.	0.02%	56,944	$526K	Reduce -16.5%
MRVL Marvell Technology Inc.	0.02%	7,757	$478K	Reduce -65.7%
NVS Novartis AG-Sponsored ADR	0.02%	4,113	$459K	Reduce -96.6%
ASML ASML Holding NV-NY Reg SHS	0.02%	665	$441K	Add +7.4%
IEF iShares 7-10 Year Treasury B	0.02%	4,313	$411K	New
ICE Intercontinental Exchange Inc.	0.02%	2,271	$392K	Reduce -73.9%
WELL Welltower Inc.	0.02%	2,374	$364K	Reduce -2.6%
IVE iShares S&P 500 Value ETF	0.02%	1,901	$362K	Reduce -29.9%
ROK Rockwell Automation Inc.	0.01%	1,273	$329K	Reduce -23.9%
DALN Dallasnews Corp.	0.01%	50,061	$228K	Add +6.3%
JNJ Johnson & Johnson	0.01%	1,340	$222K	Reduce -99.5%
MSI Motorola Solutions Inc.	0.01%	501	$219K	No change
UPS United Parcel Service Class B	0.01%	1,856	$204K	Reduce -26.1%
ASX Ase Technology Holding -ADR	0.01%	16,700	$146K	No change
VSAT Viasat Inc.	0.00%	11,171	$116K	Reduce -22.8%
TDAY USA Today Co. Inc. filed as GANNETT CO INC	0.00%	17,103	$49K	Add +26.1%

Portfolio Sells Q4 2024 → Q1 2025


EFA iShares MSCI Eafe ETF	Reduce -81.7%	0.43%	−1.62
JNJ Johnson & Johnson	Reduce -99.5%	0.01%	−1.50
DAL Delta Air Lines Inc.	Reduce -7.2%	2.14%	−0.86
SYY Sysco Corp.	Reduce -32.6%	1.52%	−0.63
GS Goldman Sachs Group Inc.	Reduce -36.5%	1.06%	−0.58
TEL Te Connectivity PLC	Reduce -29.6%	1.43%	−0.49
AFG American Financial Group Inc.	Sold out	0.00%	−0.46
NVS Novartis AG-Sponsored ADR	Reduce -96.6%	0.02%	−0.45
AMZN Amazon.com Inc.	Reduce -11.8%	1.93%	−0.43
EQNR Equinor ASA-Spon ADR	Sold out	0.00%	−0.40
GOOGL Alphabet Inc. Class A	Reduce -2.6%	2.19%	−0.38
INCY Incyte Corp.	Sold out	0.00%	−0.38
DEO Diageo PLC-Sponsored ADR	Reduce -2.4%	2.15%	−0.35
IWD iShares Russell 1000 Value E	Reduce -22.4%	1.81%	−0.34
UNP Union Pacific Corp.	Reduce -22.7%	2.00%	−0.34
VSH Vishay Intertechnology Inc.	Reduce -44.2%	0.29%	−0.23
USB US Bancorp	Reduce -5.2%	1.60%	−0.19
EPAM Epam Systems Inc.	Reduce -18.1%	0.27%	−0.16
CMCSA Comcast Corp. Class A	Reduce -11.0%	2.07%	−0.14
IJH iShares Core S&P Midcap ETF	Reduce -33.3%	0.27%	−0.13
JBHT Hunt (jb) Transprt SVCS Inc.	Reduce -20.4%	0.32%	−0.11
PPG PPG Industries Inc.	Reduce -3.5%	1.81%	−0.11
ICLR Icon PLC	Reduce -8.7%	0.45%	−0.10
GNTX Gentex Corp.	Reduce -14.7%	0.27%	−0.10
LFUS Littelfuse Inc.	Reduce -14.4%	0.30%	−0.09
PKG Packaging Corp. of America	Reduce -12.6%	0.41%	−0.09
AMAT Applied Materials Inc.	Reduce -4.9%	0.86%	−0.09
RGA Reinsurance Group of America	Reduce -13.1%	0.51%	−0.09
TSM Taiwan Semiconductor-SP ADR	Reduce -4.6%	0.48%	−0.08
MRVL Marvell Technology Inc.	Reduce -65.7%	0.02%	−0.08
LW Lamb Weston Holdings Inc.	Reduce -7.7%	0.28%	−0.08
VEA Vanguard Ftse Developed ETF	Sold out	0.00%	−0.07
AXP American Express Co.	Reduce -2.3%	1.24%	−0.07
WAT Waters Corp.	Reduce -18.5%	0.40%	−0.06
WEX Wex Inc.	Reduce -10.6%	0.34%	−0.06
PNC PNC Financial Services Group	Reduce -0.1%	1.73%	−0.05
EXEL Exelixis Inc.	Reduce -49.8%	0.07%	−0.05
FTDR Frontdoor Inc.	Reduce -16.5%	0.08%	−0.04
BOKF Bok Financial Corporation	Reduce -13.1%	0.44%	−0.04
WSC Willscot Holdings Corp.	Reduce -3.0%	0.28%	−0.04
TTC Toro Co.	Reduce -10.2%	0.28%	−0.04
MAS Masco Corp.	Reduce -11.9%	0.38%	−0.04
CNH CNH Industrial NV	Reduce -18.7%	0.63%	−0.04
HQY Healthequity Inc.	Reduce -41.8%	0.05%	−0.04
MMS Maximus Inc.	Reduce -9.1%	0.30%	−0.04
ICE Intercontinental Exchange Inc.	Reduce -73.9%	0.02%	−0.03
CL Colgate-Palmolive Co.	Sold out	0.00%	−0.03
TSEM Tower Semiconductor Ltd.	Reduce -16.4%	0.05%	−0.03
CTVA Corteva Inc.	Reduce -16.9%	1.63%	−0.03
VXF Vanguard Extended Market ETF	Sold out	0.00%	−0.03

Portfolio Buys Q4 2024 → Q1 2025


COP Conocophillips	New	2.00%	+2.00
REGN Regeneron Pharmaceuticals	New	1.35%	+1.35
ELV Elevance Health Inc.	Add +23.3%	2.81%	+1.00
UBER Uber Technologies Inc.	Add +2.6%	2.99%	+0.73
RYAAY Ryanair Holdings PLC-SP ADR	New	0.50%	+0.50
CVE Cenovus Energy Inc.	Add +36.4%	1.97%	+0.50
FLUT Flutter Entertainment PLC-Di	New	0.47%	+0.47
WBS Webster Financial Corp.	New	0.38%	+0.38
CNC Centene Corp.	Add +13.9%	1.98%	+0.36
SKX Skechers USA Inc. Class A	New	0.31%	+0.31
SLB SLB Ltd.	Add +61.6%	0.64%	+0.30
TTE Totalenergies SE -Spon ADR	Add +27.0%	0.64%	+0.24
E Eni SPA-Sponsored ADR	Add +1165.9%	0.23%	+0.22
NOV Nov Inc.	New	0.19%	+0.19
ABNB Airbnb Inc. Class A	Add +15.5%	1.64%	+0.18
EL Estee Lauder Companies Class A	Add +17.3%	1.49%	+0.14
VTV Vanguard Mrngstr Val ETF-Aui	Add +86.6%	0.14%	+0.07
ET Energy Transfer LP	Add +18.6%	0.30%	+0.05
STZ Constellation Brands Inc. Class A	Add +16.3%	1.37%	+0.04
USFR Wisdomtree Floating Rate Tre	Add +3.1%	0.37%	+0.03
COLD Americold Realty Trust Inc.	Add +1.2%	0.35%	+0.03
SRE Sempra	Add +16.6%	1.88%	+0.02
IEI iShares 3-7 Year Treasury Bo	New	0.02%	+0.02
IEF iShares 7-10 Year Treasury B	New	0.02%	+0.02
AGZ iShares Agency Bond ETF	Add +32.9%	0.04%	+0.01
NVEE NV5 Global Inc.	Add +7.1%	0.07%	+0.01
DINO HF Sinclair Corp.	Add +2.5%	0.32%	+0.01
QLTA iShares Aaa - A Rated Corpor	Add +20.9%	0.03%	+0.01
ASML ASML Holding NV-NY Reg SHS	Add +7.4%	0.02%	+0.00
TDAY USA Today Co. Inc.	Add +26.1%	0.00%	−0.00
DALN Dallasnews Corp.	Add +6.3%	0.01%	−0.00
IPGP Ipg Photonics Corp.	Add +1.8%	0.27%	−0.02
XRAY Dentsply Sirona Inc.	Add +7.3%	0.21%	−0.02
IIPR Innovative Industrial Proper	Add +3.3%	0.26%	−0.03
CRL Charles River Laboratories	Add +1.5%	0.26%	−0.03

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