Cambria Investment Management, L.P.
Long book
$1.79B
Q1 2026
Positions
643
Top-10 weight
13%
concentration
Last quarter
+7.3%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsCambria Investment Management, L.P. is an institutional manager, running a $1.79B US long book across 643 positions.
The portfolio is broadly diversified across 643 positions (top 10 only 13%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: CAMBRIA FOREIGN SHAREHOLDER, CAMBRIA GLOBAL VALUE ETF, CAMBRIA EMERG SHRHLDR YIELD, CAMBRIA VALUE & MOMENTUM ETF, INVESCO S&P 500 LOW VOLATILI.
Over the last 9 quarters its long book ran on average 2.4pp per quarter behind the S&P 500, beating the index in 3 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
-5.6%
Q2 2024
+6.9%
Q3 2024
-4.5%
Q4 2024
-3.8%
Q1 2025
+3.8%
Q2 2025
+7.2%
Q3 2025
+2.6%
Q4 2025
+5.3%
Q1 2026
+7.3%
Sector allocation
Financials 20%
Industrials 16%
Energy 12%
Services media 11%
Consumer discretionary 8%
Other 7%
Technology 7%
Healthcare 6%
Long book by quarter
What does Cambria Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| XOM EXXON MOBIL CORP | Energy | 77.5K | $13.1M | 0.7% | -22.5% |
| NEM NEWMONT CORP | Materials | 101.2K | $11.0M | 0.6% | +6.9% |
| PFE PFIZER INC | Healthcare | 373.9K | $10.5M | 0.6% | +1.8% |
| MUR MURPHY OIL CORP | Energy | 252.8K | $10.4M | 0.6% | -13.1% |
| VLO VALERO ENERGY CORP | Energy | 41.3K | $10.2M | 0.6% | -20.5% |
| APA APA CORP | Energy | 239.1K | $10.1M | 0.6% | -35.1% |
| TDW TIDEWATER INC | Industrials | 121.3K | $10.1M | 0.6% | -24.1% |
| PTEN PATTERSON-UTI ENERGY INC | Energy | 935.1K | $10.1M | 0.6% | -34.3% |
| DINO HF SINCLAIR CORP | Energy | 162.0K | $10.1M | 0.6% | -15.5% |
| T86 TRI POINTE HOMES INC | — | 216.1K | $10.1M | 0.6% | -17.3% |
| MATX MATSON INC | Industrials | 61.5K | $10.1M | 0.6% | -14.6% |
| WKC WORLD KINECT CORP | Consumer discretionary | 436.6K | $10.1M | 0.6% | +10.5% |
| HUN HUNTSMAN CORP | Materials | 755.1K | $10.1M | 0.6% | -9.3% |
| PARR PAR PACIFIC HOLDINGS INC | Energy | 159.9K | $10.0M | 0.6% | +875.8% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 77.1K | $10.0M | 0.6% | -30.2% |
| AFL AFLAC INC | Financials | 91.0K | $10.0M | 0.6% | +12.3% |
| L LOEWS CORP | Financials | 93.5K | $10.0M | 0.6% | +6.1% |
| CFG CITIZENS FINANCIAL GROUP | Financials | 166.3K | $10.0M | 0.6% | +4.2% |
| BFH BREAD FINANCIAL HOLDINGS INC | Financials | 132.8K | $9.9M | 0.6% | +5.5% |
| DDS DILLARDS INC-CL A | Consumer discretionary | 17.3K | $9.9M | 0.6% | +30.3% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 197.0K | $9.9M | 0.6% | -8.9% |
| SPB SPECTRUM BRANDS HOLDINGS INC | Technology | 134.2K | $9.9M | 0.6% | -5.9% |
| DVN DEVON ENERGY CORP | Energy | 196.5K | $9.9M | 0.6% | New |
| EMN EASTMAN CHEMICAL CO | Materials | 129.3K | $9.9M | 0.6% | -5.5% |
| SYF SYNCHRONY FINANCIAL | Financials | 145.0K | $9.9M | 0.6% | +29.2% |
| MAN MANPOWERGROUP INC | Services media | 334.2K | $9.8M | 0.5% | +11.0% |
| COP CONOCOPHILLIPS | Energy | 74.6K | $9.8M | 0.5% | New |
| FOXA FOX CORP - CLASS A | Communications | 168.1K | $9.8M | 0.5% | +28.4% |
| JXN JACKSON FINANCIAL INC-A | Financials | 92.7K | $9.8M | 0.5% | +4.9% |
| GM GENERAL MOTORS CO | Industrials | 131.1K | $9.8M | 0.5% | +1283.2% |
| PRDO PERDOCEO EDUCATION CORP | Services media | 262.3K | $9.8M | 0.5% | +1054.9% |
| TALO TALOS ENERGY INC | Energy | 618.9K | $9.8M | 0.5% | +950.8% |
| SLM SLM CORP | Financials | 455.4K | $9.7M | 0.5% | +38.7% |
| OVV OVINTIV INC | Energy | 163.9K | $9.7M | 0.5% | -25.4% |
| CBT CABOT CORP | Other | 129.1K | $9.7M | 0.5% | +1.0% |
| SLVM SYLVAMO CORP | Other | 230.2K | $9.7M | 0.5% | +35.2% |
| TNL TRAVEL + LEISURE CO | Services media | 140.1K | $9.7M | 0.5% | +5.1% |
| TEX TEREX CORP | Industrials | 163.4K | $9.7M | 0.5% | New |
| GTX GARRETT MOTION INC | Industrials | 530.7K | $9.6M | 0.5% | -2.3% |
| DOW DOW INC | Materials | 230.7K | $9.6M | 0.5% | -37.4% |
| M MACY'S INC | Consumer discretionary | 529.7K | $9.6M | 0.5% | +35.6% |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 425.7K | $9.6M | 0.5% | +20.0% |
| PVH PVH CORP | Other | 136.8K | $9.5M | 0.5% | +19.2% |
| BWA BORGWARNER INC | Industrials | 175.8K | $9.5M | 0.5% | +1092.5% |
| TSN TYSON FOODS INC-CL A | Consumer staples | 148.3K | $9.5M | 0.5% | +2.5% |
| LYB LYONDELLBASELL INDU-CL A | Other | 117.7K | $9.5M | 0.5% | -41.6% |
| TAP MOLSON COORS BEVERAGE CO - B | Consumer staples | 220.1K | $9.5M | 0.5% | +20.0% |
| PLAB PHOTRONICS INC | Technology | 234.4K | $9.5M | 0.5% | -2.8% |
| KBH KB HOME | Industrials | 182.6K | $9.4M | 0.5% | +35.8% |
| HVT HAVERTY FURNITURE | Consumer discretionary | 446.0K | $9.4M | 0.5% | +25.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 682 | $1.79B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 648 | $1.71B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ARESTATEMENT | Dec 1, 2025 | 569 | $1.65B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 577 | $1.64B | SEC ↗ | |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 472 | $1.48B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 387 | $1.43B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 405 | $1.64B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 344 | $1.66B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 355 | $1.64B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 355 | $1.67B | canonical | SEC ↗ |
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