Cambiar Investors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Cambiar Investors LLC reported 148 stock positions worth $2.4 billion. Its top holding was Flutter Entertainment PLC-Di (FLUT) at 3.2% of the portfolio, followed by Uber Technologies (UBER, 3.0%) and Delta Air Lines (DAL, 2.9%). Compared with Q1 2025, it opened 12 new positions, sold out of 18, added to 38 and reduced 94. The biggest buy was Flutter Entertainment PLC-Di (FLUT, shares +439%) and the biggest sale an exit from Conocophillips (COP).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0000823621
- Portfolio Value
- $2.4B (Q2 2025)
- SEC Filing
- 0001172661-25-002876 ↗ filed Aug 5, 2025
Holdings Value
Holdings 148 stocks · $2.4B
| FLUT Flutter Entertainment PLC-Di | 3.24% | 269,384 | $77.0M | Add +438.7% |
| UBER Uber Technologies Inc. | 3.05% | 777,346 | $72.5M | Reduce -19.8% |
| DAL Delta Air Lines Inc. | 2.87% | 1,385,501 | $68.1M | Add +19.5% |
| LH Labcorp Holdings Inc. | 2.80% | 253,236 | $66.5M | Reduce -3.7% |
| GOOGL Alphabet Inc. Class A | 2.50% | 337,064 | $59.4M | Add +1.0% |
| AMZN Amazon.com Inc. | 2.49% | 269,558 | $59.1M | Add +12.7% |
| JPM JPMorgan Chase & Co. | 2.44% | 200,152 | $58.0M | Reduce -2.6% |
| ELV Elevance Health Inc. | 2.44% | 149,050 | $58.0M | Reduce -2.2% |
| ABNB Airbnb Inc. Class A | 2.38% | 427,025 | $56.5M | Add +31.6% |
| UNP Union Pacific Corp. | 2.36% | 244,023 | $56.1M | Add +22.4% |
| MDT Medtronic PLC | 2.35% | 641,942 | $56.0M | Reduce -1.1% |
| DEO Diageo PLC-Sponsored ADR | 2.20% | 517,688 | $52.2M | Add +6.7% |
| CMCSA Comcast Corp. Class A | 2.18% | 1,450,962 | $51.8M | Add +9.7% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 2.12% | 624,666 | $50.5M | Add +17.6% |
| PPG PPG Industries Inc. | 2.07% | 433,062 | $49.3M | Add +11.0% |
| CB Chubb Ltd. | 2.06% | 169,320 | $49.1M | Reduce -4.3% |
| BMY Bristol-Myers Squibb Co. | 1.98% | 1,019,150 | $47.2M | Add +0.7% |
| SRE Sempra | 1.93% | 605,425 | $45.9M | Reduce -2.5% |
| TGT Target Corp. | 1.93% | 464,470 | $45.8M | New |
| TXN Texas Instruments Inc. | 1.88% | 215,429 | $44.7M | Reduce -29.7% |
| CME Cme Group Inc. | 1.87% | 161,211 | $44.4M | Reduce -38.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.86% | 1,309,803 | $44.3M | Add +261.8% |
| PNC PNC Financial Services Group | 1.83% | 232,901 | $43.4M | Add +0.1% |
| USB US Bancorp | 1.80% | 948,423 | $42.9M | Add +6.1% |
| CNC Centene Corp. | 1.66% | 727,068 | $39.5M | Reduce -5.5% |
| RTX RTX Corp. | 1.66% | 269,887 | $39.4M | Add +20.4% |
| MA Mastercard Inc. Class A | 1.60% | 67,842 | $38.1M | Reduce -4.7% |
| CVX Chevron Corp. | 1.56% | 259,001 | $37.1M | Reduce -25.4% |
| SYY Sysco Corp. | 1.46% | 459,623 | $34.8M | Reduce -3.8% |
| AEP American Electric Power | 1.40% | 320,877 | $33.3M | Reduce -3.9% |
| AXP American Express Co. | 1.40% | 104,267 | $33.3M | Reduce -4.0% |
| REGN Regeneron Pharmaceuticals | 1.38% | 62,470 | $32.8M | Add +24.2% |
| WY Weyerhaeuser Co. | 1.38% | 1,273,677 | $32.7M | New |
| TEL Te Connectivity PLC | 1.34% | 189,400 | $31.9M | Reduce -20.8% |
| STZ Constellation Brands Inc. Class A | 1.22% | 178,264 | $29.0M | Add +1.1% |
| AMAT Applied Materials Inc. | 1.09% | 141,301 | $25.9M | Add +0.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.05% | 201,746 | $24.9M | Reduce -36.4% |
| ING ING Groep N.V.-Sponsored ADR | 0.93% | 1,013,421 | $22.2M | Reduce -21.2% |
| AZN Astrazeneca PLC-Spons ADR | 0.80% | 271,284 | $19.0M | New |
| IWD iShares Russell 1000 Value E | 0.79% | 97,103 | $18.9M | Reduce -57.2% |
| BCS Barclays PLC-Spons ADR | 0.72% | 923,368 | $17.2M | Reduce -34.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.71% | 21,017 | $16.8M | Add +3060.4% |
| SONY Sony Group Corp. - SP ADR | 0.69% | 627,844 | $16.3M | Reduce -36.4% |
| GRAB Grab Holdings Ltd. Class A | 0.68% | 3,226,891 | $16.2M | New |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.65% | 266,148 | $15.3M | Reduce -4.3% |
| CNH CNH Industrial NV | 0.63% | 1,161,364 | $15.1M | Reduce -3.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.60% | 62,939 | $14.3M | Reduce -8.1% |
| HLN Haleon PLC-ADR | 0.56% | 1,295,354 | $13.4M | Reduce -4.9% |
| SAP Sap SE-Sponsored ADR | 0.49% | 38,560 | $11.7M | Reduce -38.5% |
| ICLR Icon PLC | 0.48% | 79,204 | $11.5M | Add +30.1% |
| RGA Reinsurance Group of America | 0.48% | 57,400 | $11.4M | Reduce -6.9% |
| SRAD Sportradar Group AG-A | 0.48% | 403,633 | $11.3M | Reduce -27.1% |
| PHR Phreesia Inc. | 0.45% | 375,065 | $10.7M | New |
| GMED Globus Medical Inc. Class A | 0.43% | 172,399 | $10.2M | Add +424.8% |
| ACVA Acv Auctions Inc. Class A | 0.43% | 625,537 | $10.1M | New |
| GNTX Gentex Corp. | 0.43% | 461,347 | $10.1M | Add +65.8% |
| PB Prosperity Bancshares Inc. | 0.42% | 143,207 | $10.1M | Add +453.9% |
| ALGN Align Technology Inc. | 0.42% | 52,988 | $10.0M | New |
| BWA Borgwarner Inc. | 0.42% | 298,265 | $10.0M | New |
| USFR Wisdomtree Floating Rate Tre | 0.41% | 194,357 | $9.8M | Add +10.9% |
| SKX Skechers USA Inc. Class A | 0.40% | 149,556 | $9.4M | Add +15.0% |
| IPGP Ipg Photonics Corp. | 0.39% | 134,759 | $9.3M | Add +36.0% |
| FNF Fidelity National Financial | 0.39% | 164,738 | $9.2M | Reduce -12.9% |
| LECO Lincoln Electric Holdings | 0.38% | 43,751 | $9.1M | Reduce -6.2% |
| DINO HF Sinclair Corp. | 0.38% | 217,944 | $9.0M | Reduce -3.9% |
| WBS Webster Financial Corp. | 0.37% | 160,191 | $8.7M | Reduce -7.4% |
| EEFT Euronet Worldwide Inc. | 0.37% | 85,984 | $8.7M | Reduce -8.5% |
| LFUS Littelfuse Inc. | 0.36% | 38,130 | $8.6M | Add +4.6% |
| BOKF Bok Financial Corporation | 0.36% | 88,415 | $8.6M | Reduce -11.6% |
| NNN NNN REIT Inc. | 0.36% | 199,664 | $8.6M | Reduce -8.0% |
| DOX Amdocs Ltd. | 0.36% | 94,440 | $8.6M | Reduce -7.3% |
| PKG Packaging Corp. of America | 0.36% | 45,556 | $8.6M | Reduce -7.1% |
| EPAM Epam Systems Inc. | 0.36% | 47,787 | $8.4M | Add +26.7% |
| DGX Quest Diagnostics Inc. | 0.35% | 46,831 | $8.4M | Reduce -31.9% |
| ATO Atmos Energy Corp. | 0.35% | 54,511 | $8.4M | Reduce -28.3% |
| CBOE Cboe Global Markets Inc. | 0.35% | 35,908 | $8.4M | Reduce -24.5% |
| DLB Dolby Laboratories Inc. Class A | 0.35% | 112,555 | $8.4M | Add +2.4% |
| WSC Willscot Holdings Corp. | 0.35% | 303,091 | $8.3M | Add +29.3% |
| WAT Waters Corp. | 0.35% | 23,761 | $8.3M | Reduce -6.5% |
| MAS Masco Corp. | 0.34% | 123,910 | $8.0M | Reduce -5.0% |
| PNW Pinnacle West Capital | 0.33% | 87,931 | $7.9M | Reduce -29.1% |
| LAZ Lazard Inc. | 0.33% | 162,513 | $7.8M | New |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.33% | 54,060 | $7.8M | Add +6.3% |
| COLD Americold Realty Trust Inc. | 0.32% | 464,180 | $7.7M | Add +21.7% |
| WEX Wex Inc. | 0.32% | 52,406 | $7.7M | Add +2.4% |
| WTRG Essential Utilities Inc. | 0.32% | 205,748 | $7.6M | Reduce -15.8% |
| EFA iShares MSCI Eafe ETF | 0.30% | 80,754 | $7.2M | Reduce -35.7% |
| MOH Molina Healthcare Inc. | 0.30% | 24,036 | $7.2M | Reduce -19.7% |
| TTC Toro Co. | 0.28% | 94,741 | $6.7M | Add +2.9% |
| NXPI NXP Semiconductors NV | 0.27% | 29,574 | $6.5M | New |
| LW Lamb Weston Holdings Inc. | 0.26% | 121,082 | $6.3M | Reduce -1.0% |
| ET Energy Transfer LP | 0.20% | 267,565 | $4.9M | Reduce -28.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.20% | 56,449 | $4.7M | Reduce -0.8% |
| E Eni SPA-Sponsored ADR | 0.19% | 137,470 | $4.5M | Reduce -23.3% |
| CAMX Cambiar Aggressive Value ETF | 0.18% | 135,000 | $4.3M | No change |
| IJH iShares Core S&P Midcap ETF | 0.15% | 59,451 | $3.7M | Reduce -44.7% |
| FTDR Frontdoor Inc. | 0.12% | 46,533 | $2.7M | Reduce -0.1% |
| MCRI Monarch Casino & Resort Inc. | 0.10% | 28,020 | $2.4M | Reduce -0.0% |
| TCBI Texas Capital Bancshares Inc. | 0.10% | 29,673 | $2.4M | Reduce -0.0% |
| AEIS Advanced Energy Industries | 0.09% | 17,001 | $2.3M | Reduce -0.0% |
Portfolio Sells Q1 2025 → Q2 2025
| COP Conocophillips | Sold out | 0.00% | −2.00 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −1.97 |
| CTVA Corteva Inc. | Reduce -98.9% | 0.02% | −1.61 |
| CME Cme Group Inc. | Reduce -38.0% | 1.87% | −1.05 |
| GS Goldman Sachs Group Inc. | Reduce -96.8% | 0.04% | −1.02 |
| IWD iShares Russell 1000 Value E | Reduce -57.2% | 0.79% | −1.02 |
| CVX Chevron Corp. | Reduce -25.4% | 1.56% | −0.90 |
| TTE Totalenergies SE -Spon ADR | Reduce -97.9% | 0.01% | −0.63 |
| TJX TJX Companies Inc. | Reduce -36.4% | 1.05% | −0.59 |
| MGY Magnolia Oil & Gas Corp. Class A | Sold out | 0.00% | −0.52 |
| TXN Texas Instruments Inc. | Reduce -29.7% | 1.88% | −0.45 |
| EXPD Expeditors Intl Wash Inc. | Sold out | 0.00% | −0.43 |
| SONY Sony Group Corp. - SP ADR | Reduce -36.4% | 0.69% | −0.38 |
| ELV Elevance Health Inc. | Reduce -2.2% | 2.44% | −0.37 |
| CNC Centene Corp. | Reduce -5.5% | 1.66% | −0.32 |
| MMS Maximus Inc. | Sold out | 0.00% | −0.30 |
| VSH Vishay Intertechnology Inc. | Sold out | 0.00% | −0.29 |
| CRL Charles River Laboratories | Sold out | 0.00% | −0.26 |
| SAP Sap SE-Sponsored ADR | Reduce -38.5% | 0.49% | −0.22 |
| IIPR Innovative Industrial Proper | Reduce -83.2% | 0.04% | −0.21 |
| XRAY Dentsply Sirona Inc. | Sold out | 0.00% | −0.21 |
| CB Chubb Ltd. | Reduce -4.3% | 2.06% | −0.20 |
| BCS Barclays PLC-Spons ADR | Reduce -34.3% | 0.72% | −0.19 |
| NOV Nov Inc. | Sold out | 0.00% | −0.19 |
| PNW Pinnacle West Capital | Reduce -29.1% | 0.33% | −0.17 |
| AEP American Electric Power | Reduce -3.9% | 1.40% | −0.15 |
| ATO Atmos Energy Corp. | Reduce -28.3% | 0.35% | −0.14 |
| DGX Quest Diagnostics Inc. | Reduce -31.9% | 0.35% | −0.14 |
| ING ING Groep N.V.-Sponsored ADR | Reduce -21.2% | 0.93% | −0.14 |
| FNF Fidelity National Financial | Reduce -12.9% | 0.39% | −0.13 |
| EFA iShares MSCI Eafe ETF | Reduce -35.7% | 0.30% | −0.13 |
| AXS Axis Capital Holdings Ltd. | Sold out | 0.00% | −0.13 |
| MDT Medtronic PLC | Reduce -1.1% | 2.35% | −0.12 |
| MOH Molina Healthcare Inc. | Reduce -19.7% | 0.30% | −0.12 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -84.1% | 0.02% | −0.12 |
| IJH iShares Core S&P Midcap ETF | Reduce -44.7% | 0.15% | −0.11 |
| CBOE Cboe Global Markets Inc. | Reduce -24.5% | 0.35% | −0.10 |
| ET Energy Transfer LP | Reduce -28.9% | 0.20% | −0.09 |
| TEL Te Connectivity PLC | Reduce -20.8% | 1.34% | −0.09 |
| WTRG Essential Utilities Inc. | Reduce -15.8% | 0.32% | −0.09 |
| BOKF Bok Financial Corporation | Reduce -11.6% | 0.36% | −0.08 |
| EXEL Exelixis Inc. | Sold out | 0.00% | −0.07 |
| EEFT Euronet Worldwide Inc. | Reduce -8.5% | 0.37% | −0.06 |
| SYY Sysco Corp. | Reduce -3.8% | 1.46% | −0.06 |
| HQY Healthequity Inc. | Sold out | 0.00% | −0.05 |
| ACWI iShares MSCI Acwi ETF | Sold out | 0.00% | −0.05 |
| PKG Packaging Corp. of America | Reduce -7.1% | 0.36% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -4.7% | 1.60% | −0.05 |
| MAS Masco Corp. | Reduce -5.0% | 0.34% | −0.05 |
| WAT Waters Corp. | Reduce -6.5% | 0.35% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| FLUT Flutter Entertainment PLC-Di | Add +438.7% | 3.24% | +2.77 |
| TGT Target Corp. | New | 1.93% | +1.93 |
| WY Weyerhaeuser Co. | New | 1.38% | +1.38 |
| SLB SLB Ltd. | Add +261.8% | 1.86% | +1.22 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.80% | +0.80 |
| ABNB Airbnb Inc. Class A | Add +31.6% | 2.38% | +0.73 |
| DAL Delta Air Lines Inc. | Add +19.5% | 2.87% | +0.72 |
| ASML ASML Holding NV-NY Reg SHS | Add +3060.4% | 0.71% | +0.69 |
| GRAB Grab Holdings Ltd. Class A | New | 0.68% | +0.68 |
| EL Estee Lauder Companies Class A | Add +17.6% | 2.12% | +0.64 |
| AMZN Amazon.com Inc. | Add +12.7% | 2.49% | +0.56 |
| PHR Phreesia Inc. | New | 0.45% | +0.45 |
| ACVA Acv Auctions Inc. Class A | New | 0.43% | +0.43 |
| ALGN Align Technology Inc. | New | 0.42% | +0.42 |
| BWA Borgwarner Inc. | New | 0.42% | +0.42 |
| RTX RTX Corp. | Add +20.4% | 1.66% | +0.40 |
| UNP Union Pacific Corp. | Add +22.4% | 2.36% | +0.37 |
| PB Prosperity Bancshares Inc. | Add +453.9% | 0.42% | +0.34 |
| LAZ Lazard Inc. | New | 0.33% | +0.33 |
| GMED Globus Medical Inc. Class A | Add +424.8% | 0.43% | +0.33 |
| GOOGL Alphabet Inc. Class A | Add +1.0% | 2.50% | +0.31 |
| NXPI NXP Semiconductors NV | New | 0.27% | +0.27 |
| PPG PPG Industries Inc. | Add +11.0% | 2.07% | +0.26 |
| AMAT Applied Materials Inc. | Add +0.6% | 1.09% | +0.22 |
| USB US Bancorp | Add +6.1% | 1.80% | +0.21 |
| GNTX Gentex Corp. | Add +65.8% | 0.43% | +0.15 |
| IPGP Ipg Photonics Corp. | Add +36.0% | 0.39% | +0.12 |
| CMCSA Comcast Corp. Class A | Add +9.7% | 2.18% | +0.11 |
| PNC PNC Financial Services Group | Add +0.1% | 1.83% | +0.09 |
| EPAM Epam Systems Inc. | Add +26.7% | 0.36% | +0.09 |
| SKX Skechers USA Inc. Class A | Add +15.0% | 0.40% | +0.08 |
| WSC Willscot Holdings Corp. | Add +29.3% | 0.35% | +0.07 |
| LFUS Littelfuse Inc. | Add +4.6% | 0.36% | +0.06 |
| DEO Diageo PLC-Sponsored ADR | Add +6.7% | 2.20% | +0.04 |
| USFR Wisdomtree Floating Rate Tre | Add +10.9% | 0.41% | +0.04 |
| ICLR Icon PLC | Add +30.1% | 0.48% | +0.03 |
| REGN Regeneron Pharmaceuticals | Add +24.2% | 1.38% | +0.03 |
| IEUR iShares Core MSCI Europe ETF | New | 0.01% | +0.01 |
| VEA Vanguard Ftse Developed ETF | New | 0.01% | +0.01 |
| ADUS Addus Homecare Corp. | Add +0.0% | 0.06% | +0.01 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +6.3% | 0.33% | +0.01 |
| VSAT Viasat Inc. | Add +8.4% | 0.01% | +0.00 |
| QLTA iShares Aaa - A Rated Corpor | Add +0.2% | 0.03% | 0.00 |
| TTC Toro Co. | Add +2.9% | 0.28% | −0.00 |
| CBT Cabot Corp. | Add +0.1% | 0.05% | −0.01 |
| WEX Wex Inc. | Add +2.4% | 0.32% | −0.02 |
| COLD Americold Realty Trust Inc. | Add +21.7% | 0.32% | −0.02 |
| DLB Dolby Laboratories Inc. Class A | Add +2.4% | 0.35% | −0.02 |
| STZ Constellation Brands Inc. Class A | Add +1.1% | 1.22% | −0.15 |
| BMY Bristol-Myers Squibb Co. | Add +0.7% | 1.98% | −0.63 |
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 |