Cambiar Investors LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 31, 2026), Cambiar Investors LLC reported 150 stock positions worth $2.3 billion. Its top holding was Delta Air Lines (DAL) at 2.9% of the portfolio, followed by Alphabet Class A (GOOGL, 2.8%) and Union Pacific (UNP, 2.7%). Compared with Q1 2026, it opened 8 new positions, sold out of 5, added to 41 and reduced 95. The biggest buy was a new position in Omnicom (OMC) and the biggest sale SLB (SLB, shares −51%).

Most Recent 13F
Q2 2026
Location
Denver, CO
CIK
0000823621
Portfolio Value
$2.3B (Q2 2026)
SEC Filing
0001172661-26-003003 ↗ filed Jul 31, 2026

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.7B Q1 2024 Q2 2024: $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 $2.3B Q2 2026

Holdings 150 stocks · $2.3B
DAL Delta Air Lines Inc. 2.88% 708,662 $66.4M Reduce -20.7%
GOOGL Alphabet Inc. Class A 2.76% 177,752 $63.5M Reduce -4.1%
UNP Union Pacific Corp. 2.70% 228,758 $62.2M Reduce -5.8%
BMY Bristol-Myers Squibb Co. 2.54% 1,017,517 $58.6M Add +7.8%
LH Labcorp Holdings Inc. 2.50% 205,845 $57.6M Add +0.1%
UBER Uber Technologies Inc. 2.49% 794,380 $57.3M Reduce -0.3%
PNC PNC Financial Services Group 2.46% 229,884 $56.6M Reduce -2.6%
AMRZ Amrize Ltd. 2.45% 1,060,745 $56.5M Add +0.4%
ELV Elevance Health Inc. 2.43% 144,954 $56.1M Reduce -22.0%
AMZN Amazon.com Inc. 2.32% 224,579 $53.5M Reduce -4.0%
JPM JPMorgan Chase & Co. 2.26% 158,924 $52.0M Reduce -0.3%
MA Mastercard Inc. Class A 2.21% 99,157 $50.9M Add +21.8%
CME Cme Group Inc. 2.19% 228,271 $50.4M Add +33.1%
AXP American Express Co. 2.17% 147,613 $49.9M Reduce -1.2%
MDT Medtronic PLC 2.08% 612,194 $47.9M Add +6.4%
MAS Masco Corp. 2.03% 574,533 $46.7M Add +6.0%
SYY Sysco Corp. 2.01% 552,781 $46.2M Reduce -1.9%
DEO Diageo PLC-Sponsored ADR 1.91% 547,854 $44.0M Add +11.1%
CNC Centene Corp. 1.89% 677,251 $43.5M Reduce -29.9%
PEP Pepsico Inc. 1.87% 318,975 $43.2M Add +17.4%
TXN Texas Instruments Inc. 1.86% 143,704 $42.8M Reduce -47.6%
AMAT Applied Materials Inc. 1.74% 55,507 $40.1M Reduce -62.5%
SRE Sempra 1.73% 430,295 $39.9M Reduce -1.2%
APTV Aptiv PLC 1.71% 643,605 $39.5M Add +53.3%
USB US Bancorp 1.69% 644,194 $38.9M Reduce -3.3%
OMC Omnicom Group 1.65% 522,265 $38.0M New
CSCO Cisco Systems Inc. 1.65% 323,211 $38.0M New
REGN Regeneron Pharmaceuticals 1.56% 57,573 $35.9M Reduce -1.1%
CB Chubb Ltd. 1.56% 105,163 $35.8M Reduce -1.5%
STZ Constellation Brands Inc. Class A 1.55% 256,465 $35.7M Reduce -4.5%
FDXF FedEx Freight Holding Co. 1.49% 227,588 $34.4M Add +289.8%
ON On Semiconductor 1.47% 358,924 $33.9M Reduce -43.8%
FDX FedEx Corp. 1.41% 103,915 $32.5M Reduce -11.0%
VSNT Versant Media Group Inc. 1.41% 902,568 $32.5M Add +96.7%
ICE Intercontinental Exchange Inc. 1.40% 261,729 $32.2M New
CVX Chevron Corp. 1.33% 185,463 $30.7M Add +1.5%
HON Honeywell International Inc. 1.29% 132,493 $29.7M Add +4.6%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 1.28% 14,881 $29.6M Reduce -9.4%
HONA Honeywell Aerospace Inc. 1.27% 132,494 $29.3M Add +4.6%
WY Weyerhaeuser Co. 1.14% 1,099,393 $26.3M Add +5.3%
SLB SLB Ltd. filed as SLB LIMITED 1.11% 549,265 $25.5M Reduce -51.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.10% 167,475 $25.4M Reduce -2.1%
AZN Astrazeneca PLC 1.07% 129,899 $24.6M Reduce -2.8%
SW Smurfit Westrock PLC 0.93% 463,154 $21.4M Add +13.4%
SUNB Sunbelt Rentals Holdings Inc. 0.85% 262,697 $19.7M Reduce -2.1%
ING ING Groep N.V.-Sponsored ADR 0.82% 602,985 $18.9M Reduce -4.4%
GRAB Grab Holdings Ltd. Class A 0.74% 4,526,530 $17.1M Add +19.3%
TSM Taiwan Semiconductor-SP ADR 0.71% 34,234 $16.3M Add +3078.6%
CNI Canadian Natl Railway Co. 0.68% 131,631 $15.7M Add +3203.2%
RYAAY Ryanair Holdings PLC-SP ADR 0.64% 226,286 $14.7M Reduce -2.7%
EFA iShares MSCI Eafe ETF 0.63% 140,573 $14.6M Reduce -40.7%
NVO Novo-Nordisk A/S-Spons ADR 0.61% 293,933 $14.1M Reduce -11.8%
IWD iShares Russell 1000 Value E 0.61% 57,833 $14.0M Reduce -58.8%
BCS Barclays PLC-Spons ADR 0.61% 520,862 $14.0M Reduce -25.7%
CAMX Cambiar Aggressive Value ETF 0.59% 397,673 $13.6M No change
ALC Alcon Inc. filed as ALCON AG 0.54% 185,252 $12.4M Reduce -20.4%
SONY Sony Group Corp. - SP ADR 0.53% 606,184 $12.2M Reduce -3.0%
LUV Southwest Airlines Co. 0.52% 230,919 $11.9M Add +168.9%
ALGN Align Technology Inc. 0.47% 64,032 $10.8M Reduce -3.9%
SAP Sap SE-Sponsored ADR 0.42% 62,567 $9.6M Add +7.1%
ZG Zillow Group Inc. Class A 0.29% 214,124 $6.7M Add +163.4%
LSCC Lattice Semiconductor Corp. 0.28% 42,266 $6.5M Reduce -34.3%
COLD Americold Realty Trust Inc. 0.26% 376,637 $5.9M Reduce -0.7%
TSEM Tower Semiconductor Ltd. 0.25% 22,308 $5.8M Reduce -30.8%
BOKF Bok Financial Corporation 0.24% 39,655 $5.5M Reduce -2.0%
PB Prosperity Bancshares Inc. 0.24% 74,208 $5.4M Add +5.2%
RGA Reinsurance Group of America 0.23% 24,574 $5.2M Add +1.1%
GNTX Gentex Corp. 0.22% 199,755 $5.0M Reduce -4.3%
GMED Globus Medical Inc. Class A 0.22% 62,836 $5.0M Add +8.1%
LAZ Lazard Inc. 0.20% 111,179 $4.7M Reduce -8.0%
SRAD Sportradar Group AG-A 0.20% 307,527 $4.6M Add +13.4%
WEX Wex Inc. 0.18% 30,009 $4.2M Reduce -6.0%
WSC Willscot Holdings Corp. 0.18% 146,520 $4.2M Reduce -9.3%
SHY iShares 1-3 Year Treasury Bo 0.18% 50,119 $4.1M Add +0.8%
ACVA Acv Auctions Inc. Class A 0.17% 543,278 $3.9M Reduce -3.0%
ET Energy Transfer LP 0.17% 201,323 $3.8M Reduce -23.6%
LFUS Littelfuse Inc. 0.17% 8,358 $3.8M Reduce -28.4%
DGX Quest Diagnostics Inc. 0.16% 17,090 $3.6M Reduce -8.5%
NNN NNN REIT Inc. 0.15% 75,999 $3.5M Reduce -6.0%
PKG Packaging Corp. of America 0.15% 14,731 $3.5M Reduce -10.8%
PHR Phreesia Inc. 0.15% 339,697 $3.5M Add +5.3%
SSB Southstate Bank Corp. 0.15% 34,922 $3.5M Add +14.5%
PNW Pinnacle West Capital 0.15% 32,528 $3.5M Reduce -9.2%
WSO Watsco Inc. 0.15% 8,319 $3.5M Reduce -9.1%
SOLV Solventum Corp. 0.15% 44,628 $3.4M Add +5.6%
BWA Borgwarner Inc. 0.15% 51,483 $3.4M Reduce -29.4%
DINO HF Sinclair Corp. 0.15% 48,377 $3.4M Reduce -22.0%
ATO Atmos Energy Corp. 0.15% 19,440 $3.3M Reduce -4.4%
FNF Fidelity National Financial 0.14% 69,996 $3.3M Add +9.9%
WTRG Essential Utilities Inc. 0.14% 83,667 $3.2M Reduce -0.7%
COO The Cooper Cos Inc. 0.14% 43,769 $3.1M Reduce -5.1%
IJH iShares Core S&P Midcap ETF 0.13% 39,761 $3.1M Reduce -36.1%
NXPI NXP Semiconductors NV 0.13% 10,765 $3.0M Reduce -65.8%
SAIA Saia Inc. 0.13% 6,923 $2.9M Reduce -7.1%
LW Lamb Weston Holdings Inc. 0.12% 65,659 $2.8M Add +17.8%
LECO Lincoln Electric Holdings 0.12% 10,051 $2.7M Reduce -3.8%
CLX Clorox Company 0.11% 27,384 $2.6M Reduce -11.9%
DLB Dolby Laboratories Inc. Class A 0.11% 46,702 $2.5M Reduce -10.1%
EEFT Euronet Worldwide Inc. 0.11% 33,472 $2.4M Reduce -12.6%
ICHR Ichor Holdings Ltd. 0.10% 20,616 $2.3M Reduce -49.2%
CBOE Cboe Global Markets Inc. 0.10% 9,183 $2.2M Reduce -22.4%
DIOD Diodes Inc. 0.10% 20,311 $2.2M Reduce -26.2%
RMBS Rambus Inc. 0.10% 16,683 $2.2M Reduce -9.8%
HCSG Healthcare Services Group 0.09% 80,453 $2.0M Reduce -0.5%
IDA Idacorp Inc. 0.08% 12,353 $1.9M Reduce -0.2%
NTST Netstreit Corp. 0.08% 87,419 $1.8M Reduce -0.5%
HSTM Healthstream Inc. 0.08% 67,694 $1.8M Add +0.7%
UCB United Community Banks 0.08% 52,031 $1.8M Reduce -0.5%
HALO Halozyme Therapeutics Inc. 0.08% 23,139 $1.8M Reduce -0.5%
FAF First American Financial 0.08% 25,978 $1.8M Reduce -0.5%
TCBI Texas Capital Bancshares Inc. 0.08% 17,133 $1.8M Reduce -0.5%
BANR Banner Corporation 0.08% 26,147 $1.7M Add +19.6%
MTUS Metallus Inc. 0.07% 92,343 $1.7M Reduce -0.5%
EPR Epr Properties filed as EPR PPTYS 0.07% 29,729 $1.7M New
INGR Ingredion Inc. 0.07% 18,176 $1.7M Add +42.5%
EXP Eagle Materials Inc. 0.07% 7,469 $1.7M No change
NOV Nov Inc. 0.07% 90,045 $1.7M Reduce -0.3%
RNR Renaissancere Holdings Ltd. 0.07% 5,253 $1.7M Reduce -0.4%
HQY Healthequity Inc. 0.07% 18,046 $1.6M New
ADUS Addus Homecare Corp. 0.07% 15,994 $1.6M Reduce -0.5%
TXNM TXNM Energy Inc. 0.07% 27,959 $1.6M Reduce -0.2%
MCRI Monarch Casino & Resort Inc. 0.07% 11,929 $1.6M Reduce -29.3%
OLLI Ollie's Bargain Outlet Holdi 0.07% 20,407 $1.6M New
UBSI United Bankshares Inc. 0.07% 33,315 $1.5M Reduce -0.5%
TRNO Terreno Realty Corp. 0.07% 23,345 $1.5M Reduce -0.4%
HUBG Hub Group Inc. Class A 0.07% 34,529 $1.5M Reduce -0.8%
ATMU Atmus Filtration Technologie 0.06% 28,687 $1.5M Reduce -0.8%
ALG Alamo Group Inc. 0.06% 8,670 $1.4M No change
MRVL Marvell Technology Inc. 0.05% 3,849 $1.1M Reduce -20.6%
AGZ iShares Agency Bond ETF 0.05% 9,818 $1.1M Add +1.4%
USFR Wisdomtree Floating Rate Tre 0.05% 20,901 $1.1M Add +8.5%
RTX RTX Corp. 0.04% 5,016 $952K Reduce -6.5%
QLTA iShares Aaa - A Rated Corpor 0.04% 18,384 $874K Add +1.7%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.04% 10,707 $845K Reduce -97.5%
VEA Vanguard Ftse Developed ETF 0.04% 11,727 $836K Add +205.2%
GS Goldman Sachs Group Inc. 0.03% 778 $787K Reduce -0.1%
TM Toyota Motor Corp. -Spon ADR 0.03% 3,950 $665K New
TEL Te Connectivity PLC 0.03% 3,290 $663K Reduce -8.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 2,942 $641K Add +43.1%
IEI iShares 3-7 Year Treasury Bo 0.02% 4,139 $486K No change
HLN Haleon PLC-ADR 0.02% 48,486 $452K Reduce -5.0%
IEF iShares 7-10 Year Treasury B 0.02% 4,740 $448K No change
AEG Aegon Ltd.-NY Reg SHR 0.02% 45,615 $385K Reduce -28.3%
WELL Welltower Inc. 0.02% 1,661 $377K No change
WMB Williams Cos Inc. 0.01% 4,214 $313K Reduce -2.4%
IEUR iShares Core MSCI Europe ETF 0.01% 3,813 $287K Reduce -19.1%
E Eni SPA-Sponsored ADR 0.01% 5,543 $260K Reduce -47.1%
CTVA Corteva Inc. 0.01% 2,432 $206K Reduce -5.7%
NVS Novartis AG-Sponsored ADR 0.01% 1,301 $204K Reduce -8.8%
GPRO Gopro Inc. Class A 0.00% 67,934 $53K New

Portfolio Sells Q1 2026 → Q2 2026
SLB SLB Ltd. Reduce -51.4% 1.11% −1.58
CMCSA Comcast Corp. Class A Sold out 0.00% −1.50
EL Estee Lauder Companies Class A Reduce -97.5% 0.04% −1.41
IWD iShares Russell 1000 Value E Reduce -58.8% 0.61% −0.78
TXN Texas Instruments Inc. Reduce -47.6% 1.86% −0.61
AMAT Applied Materials Inc. Reduce -62.5% 1.74% −0.60
REGN Regeneron Pharmaceuticals Reduce -1.1% 1.56% −0.52
FDX FedEx Corp. Reduce -11.0% 1.41% −0.51
ICLR Icon PLC Sold out 0.00% −0.45
EFA iShares MSCI Eafe ETF Reduce -40.7% 0.63% −0.43
ON On Semiconductor Reduce -43.8% 1.47% −0.36
STZ Constellation Brands Inc. Class A Reduce -4.5% 1.55% −0.32
ALC Alcon Inc. Reduce -20.4% 0.54% −0.27
SRE Sempra Reduce -1.2% 1.73% −0.23
WBS Webster Financial Corp. Sold out 0.00% −0.17
UBER Uber Technologies Inc. Reduce -0.3% 2.49% −0.17
TJX TJX Companies Inc. Reduce -2.1% 1.10% −0.16
NXPI NXP Semiconductors NV Reduce -65.8% 0.13% −0.16
AZN Astrazeneca PLC Reduce -2.8% 1.07% −0.15
ELV Elevance Health Inc. Reduce -22.0% 2.43% −0.09
BCS Barclays PLC-Spons ADR Reduce -25.7% 0.61% −0.08
SONY Sony Group Corp. - SP ADR Reduce -3.0% 0.53% −0.07
ET Energy Transfer LP Reduce -23.6% 0.17% −0.07
USPH U.S. Physical Therapy Inc. Sold out 0.00% −0.06
IJH iShares Core S&P Midcap ETF Reduce -36.1% 0.13% −0.06
ALGN Align Technology Inc. Reduce -3.9% 0.47% −0.06
CBOE Cboe Global Markets Inc. Reduce -22.4% 0.10% −0.06
CB Chubb Ltd. Reduce -1.5% 1.56% −0.06
WEX Wex Inc. Reduce -6.0% 0.18% −0.04
DLB Dolby Laboratories Inc. Class A Reduce -10.1% 0.11% −0.04
CLX Clorox Company Reduce -11.9% 0.11% −0.04
LAZ Lazard Inc. Reduce -8.0% 0.20% −0.04
BWA Borgwarner Inc. Reduce -29.4% 0.15% −0.04
DINO HF Sinclair Corp. Reduce -22.0% 0.15% −0.03
ATO Atmos Energy Corp. Reduce -4.4% 0.15% −0.03
UNP Union Pacific Corp. Reduce -5.8% 2.70% −0.03
LFUS Littelfuse Inc. Reduce -28.4% 0.17% −0.02
WTRG Essential Utilities Inc. Reduce -0.7% 0.14% −0.02
MGA Magna International Inc. Sold out 0.00% −0.02
COO The Cooper Cos Inc. Reduce -5.1% 0.14% −0.02
E Eni SPA-Sponsored ADR Reduce -47.1% 0.01% −0.02
PNW Pinnacle West Capital Reduce -9.2% 0.15% −0.02
ATMU Atmus Filtration Technologie Reduce -0.8% 0.06% −0.01
DGX Quest Diagnostics Inc. Reduce -8.5% 0.16% −0.01
EEFT Euronet Worldwide Inc. Reduce -12.6% 0.11% −0.01
PKG Packaging Corp. of America Reduce -10.8% 0.15% −0.01
TSEM Tower Semiconductor Ltd. Reduce -30.8% 0.25% −0.01
TXNM TXNM Energy Inc. Reduce -0.2% 0.07% −0.01
MCRI Monarch Casino & Resort Inc. Reduce -29.3% 0.07% −0.01
RTX RTX Corp. Reduce -6.5% 0.04% −0.01

Portfolio Buys Q1 2026 → Q2 2026
OMC Omnicom Group New 1.65% +1.65
CSCO Cisco Systems Inc. New 1.65% +1.65
ICE Intercontinental Exchange Inc. New 1.40% +1.40
FDXF FedEx Freight Holding Co. Add +289.8% 1.49% +1.08
TSM Taiwan Semiconductor-SP ADR Add +3078.6% 0.71% +0.69
CNI Canadian Natl Railway Co. Add +3203.2% 0.68% +0.66
VSNT Versant Media Group Inc. Add +96.7% 1.41% +0.62
MAS Masco Corp. Add +6.0% 2.03% +0.51
LUV Southwest Airlines Co. Add +168.9% 0.52% +0.37
APTV Aptiv PLC Add +53.3% 1.71% +0.36
MA Mastercard Inc. Class A Add +21.8% 2.21% +0.33
DEO Diageo PLC-Sponsored ADR Add +11.1% 1.91% +0.21
SW Smurfit Westrock PLC Add +13.4% 0.93% +0.18
ZG Zillow Group Inc. Class A Add +163.4% 0.29% +0.14
GRAB Grab Holdings Ltd. Class A Add +19.3% 0.74% +0.10
EPR Epr Properties New 0.07% +0.07
HQY Healthequity Inc. New 0.07% +0.07
OLLI Ollie's Bargain Outlet Holdi New 0.07% +0.07
TM Toyota Motor Corp. -Spon ADR New 0.03% +0.03
PHR Phreesia Inc. Add +5.3% 0.15% +0.03
VEA Vanguard Ftse Developed ETF Add +205.2% 0.04% +0.02
SOLV Solventum Corp. Add +5.6% 0.15% +0.02
SSB Southstate Bank Corp. Add +14.5% 0.15% +0.02
PB Prosperity Bancshares Inc. Add +5.2% 0.24% +0.02
HSTM Healthstream Inc. Add +0.7% 0.08% +0.02
BANR Banner Corporation Add +19.6% 0.08% +0.01
LW Lamb Weston Holdings Inc. Add +17.8% 0.12% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +43.1% 0.03% +0.01
INGR Ingredion Inc. Add +42.5% 0.07% +0.01
FNF Fidelity National Financial Add +9.9% 0.14% +0.01
GPRO Gopro Inc. Class A New 0.00% +0.00
USFR Wisdomtree Floating Rate Tre Add +8.5% 0.05% +0.00
QLTA iShares Aaa - A Rated Corpor Add +1.7% 0.04% −0.00
AGZ iShares Agency Bond ETF Add +1.4% 0.05% −0.00
RGA Reinsurance Group of America Add +1.1% 0.23% −0.00
SRAD Sportradar Group AG-A Add +13.4% 0.20% −0.01
SHY iShares 1-3 Year Treasury Bo Add +0.8% 0.18% −0.01
GMED Globus Medical Inc. Class A Add +8.1% 0.22% −0.02
HONA Honeywell Aerospace Inc. Add +4.6% 1.27% −0.03
WY Weyerhaeuser Co. Add +5.3% 1.14% −0.04
LH Labcorp Holdings Inc. Add +0.1% 2.50% −0.04
SAP Sap SE-Sponsored ADR Add +7.1% 0.42% −0.04
PEP Pepsico Inc. Add +17.4% 1.87% −0.08
BMY Bristol-Myers Squibb Co. Add +7.8% 2.54% −0.11
CME Cme Group Inc. Add +33.1% 2.19% −0.16
MDT Medtronic PLC Add +6.4% 2.08% −0.23
AMRZ Amrize Ltd. Add +0.4% 2.45% −0.29
CVX Chevron Corp. Add +1.5% 1.33% −0.42
HON Honeywell International Inc. Add +4.6% 1.29% −1.36

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