Cambiar Investors LLC

Name: CAMBIAR INVESTORS LLC 13F holdings, Q2 2025
Creator: CAMBIAR INVESTORS LLC
Published: 2025-08-05

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

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%
NVEE NV5 Global Inc.	0.09%	91,285	$2.1M	Reduce -0.1%
FAF First American Financial	0.08%	32,104	$2.0M	Reduce -0.1%
UCB United Community Banks	0.08%	65,308	$1.9M	Reduce -0.0%
RNR Renaissancere Holdings Ltd.	0.08%	7,837	$1.9M	Reduce -0.1%
ALG Alamo Group Inc.	0.08%	8,642	$1.9M	Reduce -0.1%
HSTM Healthstream Inc.	0.08%	67,229	$1.9M	Reduce -0.0%
ATMU Atmus Filtration Technologie	0.08%	50,752	$1.8M	Reduce -0.0%
RMBS Rambus Inc.	0.08%	28,824	$1.8M	Reduce -0.0%
UBSI United Bankshares Inc.	0.08%	49,895	$1.8M	Reduce -0.0%
NTST Netstreit Corp.	0.07%	102,978	$1.7M	Reduce -0.1%
HCSG Healthcare Services Group	0.07%	114,334	$1.7M	Reduce -0.0%
WNS WNS Holdings Ltd. filed as WNS HLDGS LTD	0.07%	25,721	$1.6M	Reduce -0.0%
USPH U.S. Physical Therapy Inc.	0.07%	20,503	$1.6M	Reduce -0.1%
TXNM TXNM Energy Inc.	0.07%	28,008	$1.6M	Reduce -26.8%
OLED Universal Display Corp.	0.07%	10,160	$1.6M	Reduce -0.0%
TSEM Tower Semiconductor Ltd.	0.06%	35,025	$1.5M	Reduce -0.0%
ADUS Addus Homecare Corp.	0.06%	12,880	$1.5M	Add +0.0%
IDA Idacorp Inc.	0.06%	12,379	$1.4M	Reduce -35.3%
HUBG Hub Group Inc. Class A	0.06%	39,270	$1.3M	Reduce -0.1%
MMI Marcus & Millichap Inc.	0.05%	41,689	$1.3M	Reduce -0.0%
CBT Cabot Corp.	0.05%	16,959	$1.3M	Add +0.1%
DIOD Diodes Inc.	0.05%	23,069	$1.2M	Reduce -0.1%
IIPR Innovative Industrial Proper	0.04%	18,777	$1.0M	Reduce -83.2%
GS Goldman Sachs Group Inc.	0.04%	1,465	$1.0M	Reduce -96.8%
JOUT Johnson Outdoors Inc. Class A	0.04%	32,079	$971K	Reduce -0.1%
NSP Insperity Inc.	0.04%	15,756	$947K	Reduce -0.0%
EFOR Everforth Inc. filed as ASGN INC	0.04%	17,791	$888K	Reduce -0.0%
AGZ iShares Agency Bond ETF	0.04%	7,941	$871K	Reduce -4.6%
INNV Innovage Holding Corp.	0.04%	229,987	$849K	Reduce -0.0%
QLTA iShares Aaa - A Rated Corpor	0.03%	16,439	$786K	Add +0.2%
WMB Williams Cos Inc.	0.03%	9,503	$597K	Reduce -16.9%
MRVL Marvell Technology Inc.	0.02%	6,950	$538K	Reduce -10.4%
VTV Vanguard Mrngstr Val ETF-Aui	0.02%	2,986	$528K	Reduce -84.1%
CTVA Corteva Inc.	0.02%	6,769	$504K	Reduce -98.9%
IEI iShares 3-7 Year Treasury Bo	0.02%	4,139	$493K	Reduce -9.8%
IEF iShares 7-10 Year Treasury B	0.02%	4,313	$413K	No change
ICE Intercontinental Exchange Inc.	0.02%	2,201	$404K	Reduce -3.1%
WELL Welltower Inc.	0.02%	2,341	$360K	Reduce -1.4%
TTE Totalenergies SE -Spon ADR	0.01%	4,891	$300K	Reduce -97.9%
ROK Rockwell Automation Inc.	0.01%	878	$292K	Reduce -31.0%
NVS Novartis AG-Sponsored ADR	0.01%	2,303	$279K	Reduce -44.0%
IEUR iShares Core MSCI Europe ETF	0.01%	3,909	$259K	New
IVE iShares S&P 500 Value ETF	0.01%	1,200	$235K	Reduce -36.9%
MSI Motorola Solutions Inc.	0.01%	501	$211K	No change
VEA Vanguard Ftse Developed ETF	0.01%	3,661	$209K	New
DALN Dallasnews Corp.	0.01%	47,597	$205K	Reduce -4.9%
VSAT Viasat Inc.	0.01%	12,115	$177K	Add +8.4%
ASX Ase Technology Holding -ADR	0.01%	16,700	$173K	No change

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