CAMBIAR INVESTORS LLC
Long book
$2.16B
Q1 2026
Positions
145
Top-10 weight
26%
concentration
Last quarter
+13.7%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsCAMBIAR INVESTORS LLC is an institutional manager, running a $2.16B US long book across 145 positions.
The portfolio is moderately concentrated (top 10 ≈ 26% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: DELTA AIR LINES INC, AMRIZE LTD, UNION PACIFIC CORP, SLB LTD, UBER TECHNOLOGIES INC.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.1%
Q2 2024
+7.6%
Q3 2024
-0.3%
Q4 2024
-0.1%
Q1 2025
+4.1%
Q2 2025
+3.8%
Q3 2025
+5.3%
Q4 2025
+1.0%
Q1 2026
+13.7%
Sector allocation
Financials 21%
Industrials 20%
Healthcare 15%
Technology 12%
Services media 8%
Consumer discretionary 6%
Energy 5%
Consumer staples 4%
Long book by quarter
What does CAMBIAR INVESTORS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| DAL DELTA AIR LINES INC | Industrials | 894.1K | $59.4M | 2.8% | +14.1% |
| AMRZ AMRIZE LTD | Industrials | 1.1M | $59.2M | 2.7% | -3.0% |
| UNP UNION PACIFIC CORP | Industrials | 242.8K | $58.9M | 2.7% | -3.4% |
| SLB SLB LTD | Energy | 1.1M | $58.1M | 2.7% | -15.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 796.7K | $57.3M | 2.7% | +15.7% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 944.2K | $57.3M | 2.7% | -4.0% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 253.3K | $57.3M | 2.7% | -4.3% |
| LH LABCORP HOLDINGS INC | Healthcare | 205.6K | $54.9M | 2.5% | +5.3% |
| ELV ELEVANCE HEALTH INC | Financials | 185.9K | $54.4M | 2.5% | +10.7% |
| GOOGL ALPHABET INC-CL A | Technology | 185.4K | $53.3M | 2.5% | -2.9% |
| TXN TEXAS INSTRUMENTS INC | Technology | 274.5K | $53.3M | 2.5% | -13.1% |
| CME CME GROUP INC | Financials | 171.5K | $50.7M | 2.3% | -16.9% |
| AMAT APPLIED MATERIALS INC | Technology | 148.1K | $50.6M | 2.3% | -16.9% |
| MDT MEDTRONIC PLC | Healthcare | 575.3K | $49.8M | 2.3% | 0.0% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 235.9K | $49.1M | 2.3% | -5.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 233.9K | $48.7M | 2.3% | -1.4% |
| JPM JPMORGAN CHASE & CO | Financials | 159.4K | $46.9M | 2.2% | -2.3% |
| AXP AMERICAN EXPRESS CO | Financials | 149.4K | $45.2M | 2.1% | +61.7% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 58.2K | $45.0M | 2.1% | -3.3% |
| SRE SEMPRA | Utilities | 435.4K | $42.3M | 2.0% | -0.6% |
| PEP PEPSICO INC | Consumer staples | 271.7K | $42.2M | 2.0% | -1.7% |
| FDX FEDEX CORP | Industrials | 116.8K | $41.6M | 1.9% | -12.6% |
| MA MASTERCARD INC - A | Services media | 81.4K | $40.7M | 1.9% | +36.4% |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 268.5K | $40.3M | 1.9% | +8.8% |
| SYY SYSCO CORP | Consumer discretionary | 563.5K | $40.2M | 1.9% | +13.9% |
| ON ON SEMICONDUCTOR | Technology | 638.7K | $39.5M | 1.8% | New |
| CVX CHEVRON CORP | Energy | 182.7K | $37.8M | 1.8% | -46.0% |
| CB CHUBB LTD | Financials | 106.8K | $34.8M | 1.6% | -28.7% |
| USB US BANCORP | Financials | 666.3K | $34.7M | 1.6% | -3.8% |
| MAS MASCO CORP | Industrials | 542.1K | $32.7M | 1.5% | -11.5% |
| CMCSA COMCAST CORP-CLASS A | Communications | 1.1M | $32.5M | 1.5% | +13.4% |
| CNC CENTENE CORP | Financials | 966.8K | $31.7M | 1.5% | +1.0% |
| EL ESTEE LAUDER COMPANIES-CL A | Other | 434.7K | $31.2M | 1.4% | -3.1% |
| APTV APTIV PLC | Industrials | 419.9K | $29.2M | 1.4% | New |
| TJX TJX COMPANIES INC | Consumer discretionary | 171.1K | $27.3M | 1.3% | -5.2% |
| AZN ASTRAZENECA PLC | Healthcare | 133.6K | $26.3M | 1.2% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 16.4K | $21.7M | 1.0% | -11.7% |
| ALC ALCON INC | Healthcare | 232.6K | $17.5M | 0.8% | +21.3% |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 268.3K | $17.5M | 0.8% | New |
| VSNT VERSANT MEDIA GROUP INC | Communications | 458.9K | $17.0M | 0.8% | New |
| SW SMURFIT WESTROCK PLC | Other | 408.3K | $16.3M | 0.8% | +1.5% |
| GRAB GRAB HOLDINGS LTD - CL A | Services media | 3.8M | $13.9M | 0.6% | +1.2% |
| ALGN ALIGN TECHNOLOGY INC | Healthcare | 66.6K | $11.4M | 0.5% | -10.3% |
| ICLR ICON PLC | Healthcare | 87.0K | $9.6M | 0.4% | +16.3% |
| NXPI NXP SEMICONDUCTORS NV | Technology | 31.5K | $6.2M | 0.3% | +9.0% |
| LSCC LATTICE SEMICONDUCTOR CORP | Technology | 64.3K | $6.0M | 0.3% | -17.0% |
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 32.3K | $5.7M | 0.3% | -35.3% |
| BOKF BOK FINANCIAL CORPORATION | Financials | 40.5K | $5.2M | 0.2% | -19.6% |
| LAZ LAZARD INC | Financials | 120.9K | $5.1M | 0.2% | -1.7% |
| ET ENERGY TRANSFER LP | Utilities | 263.7K | $5.1M | 0.2% | +0.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 145 | $2.16B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 146 | $2.24B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 140 | $2.20B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 148 | $2.38B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 154 | $2.36B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 154 | $2.52B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 147 | $2.60B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 145 | $2.56B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 144 | $2.68B | canonical | SEC ↗ |
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