Campbell & CO Investment Adviser LLC

Diversified mechanical Mechanical CIK 1353570
League rank
#203
in Diversified mechanical · #5021 overall
Long book
$1.76B
Q1 2026
Positions
1013
Top-10 weight
7%
concentration
Last quarter
+10.1%
SPY +14.8%
Turnover
57%
of book per quarter

Strategy in plain words

auto-generated from filings

Campbell & CO Investment Adviser LLC is a mechanically diversified allocator, running a $1.76B US long book across 1013 positions.

The portfolio is broadly diversified across 1013 positions (top 10 only 7%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: BANK OF NOVA SCOTIA, SHELL PLC-ADR, ILLINOIS TOOL WORKS, WILLIAMS COS INC, ALPHABET INC-CL A.

Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-3.0%
Q2 2024
+9.0%
Q3 2024
-2.2%
Q4 2024
-1.9%
Q1 2025
+3.8%
Q2 2025
+5.9%
Q3 2025
+2.3%
Q4 2025
+0.1%
Q1 2026
+10.1%

Sector allocation

Industrials
17%
Financials
16%
Technology
13%
Healthcare
12%
Energy
9%
Consumer discretionary
9%
Other
7%
Utilities
6%

Long book by quarter

$1.16B
Q1 2024
$1.18B
Q2 2024
$1.34B
Q3 2024
$1.30B
Q4 2024
$1.30B
Q1 2025
$1.59B
Q2 2025
$1.32B
Q3 2025
$2.08B
Q4 2025
$1.76B
Q1 2026

What does Campbell & own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BNS BANK OF NOVA SCOTIAFinancials228.5K$15.8M0.9%New
ITW ILLINOIS TOOL WORKSIndustrials51.1K$13.3M0.8%+204.2%
WMB WILLIAMS COS INCUtilities166.8K$12.1M0.7%New
GOOGL ALPHABET INC-CL ATechnology41.8K$12.0M0.7%New
PSX PHILLIPS 66Energy64.7K$11.8M0.7%+976.7%
MUR MURPHY OIL CORPEnergy273.2K$11.3M0.6%New
TDY TELEDYNE TECHNOLOGIES INCTechnology17.3K$10.5M0.6%+3439.5%
NDSN NORDSON CORPIndustrials38.3K$10.2M0.6%+293.4%
A AGILENT TECHNOLOGIES INCHealthcare89.2K$10.2M0.6%+23.0%
EQT EQT CORPEnergy155.7K$9.9M0.6%New
EXE EXPAND ENERGY CORPEnergy84.7K$9.3M0.5%+720.1%
ATO ATMOS ENERGY CORPUtilities49.5K$9.1M0.5%+404.4%
CVX CHEVRON CORPEnergy43.7K$9.0M0.5%+3.5%
BKR BAKER HUGHES COIndustrials146.5K$8.9M0.5%+346.8%
PH PARKER HANNIFIN CORPIndustrials9.3K$8.3M0.5%New
APD AIR PRODUCTS & CHEMICALS INCMaterials28.3K$8.2M0.5%+2400.5%
COST COSTCO WHOLESALE CORPConsumer discretionary8.1K$8.1M0.5%+20.6%
ED CONSOLIDATED EDISON INCUtilities71.2K$8.1M0.5%New
MPC MARATHON PETROLEUM CORPEnergy33.0K$8.0M0.5%-42.6%
MSFT MICROSOFT CORPTechnology21.7K$8.0M0.5%New
CMC COMMERCIAL METALS COIndustrials124.2K$7.6M0.4%+56.4%
MCD MCDONALD'S CORPConsumer discretionary24.5K$7.6M0.4%+264.4%
PCAR PACCAR INCIndustrials65.7K$7.6M0.4%New
VLO VALERO ENERGY CORPEnergy30.5K$7.5M0.4%New
MGY MAGNOLIA OIL & GAS CORP - AEnergy237.4K$7.5M0.4%+351.4%
AIG AMERICAN INTERNATIONAL GROUPFinancials98.9K$7.4M0.4%+3006.5%
KEX KIRBY CORPIndustrials55.6K$7.4M0.4%+845.9%
BANC BANC OF CALIFORNIA INCFinancials414.0K$7.3M0.4%New
TALO TALOS ENERGY INCEnergy455.2K$7.2M0.4%+1994.5%
RY ROYAL BANK OF CANADAFinancials44.3K$7.2M0.4%New
ADP AUTOMATIC DATA PROCESSINGTechnology35.1K$7.1M0.4%New
GILD GILEAD SCIENCES INCHealthcare50.6K$7.0M0.4%+343.1%
UMBF UMB FINANCIAL CORPFinancials60.8K$6.9M0.4%New
ENB ENBRIDGE INCEnergy122.4K$6.6M0.4%New
DINO HF SINCLAIR CORPEnergy105.2K$6.6M0.4%-33.3%
LNT ALLIANT ENERGY CORPUtilities90.4K$6.5M0.4%New
LLY ELI LILLY & COHealthcare7.0K$6.5M0.4%+138.7%
AXP AMERICAN EXPRESS COFinancials21.2K$6.4M0.4%+200.5%
DG DOLLAR GENERAL CORPConsumer discretionary53.2K$6.3M0.4%New
DHR DANAHER CORPTechnology33.3K$6.3M0.4%New
ADM ARCHER-DANIELS-MIDLAND COConsumer staples85.9K$6.2M0.4%New
COR CENCORA INCConsumer discretionary19.7K$6.2M0.4%+63.6%
VRSN VERISIGN INCTechnology24.8K$6.2M0.4%+428.6%
NOG NORTHERN OIL AND GAS INCEnergy205.2K$6.0M0.3%+11.1%
UBS UBS GROUP AG-REGFinancials151.3K$5.9M0.3%New
HLI HOULIHAN LOKEY INCFinancials39.7K$5.7M0.3%-21.5%
IEX IDEX CORPIndustrials29.8K$5.6M0.3%New
DBK DEUTSCHE BANK AG-REGISTERED191.0K$5.6M0.3%+334.1%
LUV SOUTHWEST AIRLINES COIndustrials148.2K$5.6M0.3%-38.0%
FRO FRONTLINE PLCIndustrials158.4K$5.5M0.3%+80.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20261014$1.76B canonicalSEC ↗
Q4 202513F-HRFeb 12, 20261096$2.08B canonicalSEC ↗
Q3 202513F-HROct 28, 20251050$1.32B canonicalSEC ↗
Q2 202513F-HRAug 7, 20251100$1.59B canonicalSEC ↗
Q1 202513F-HRMay 14, 2025992$1.30B canonicalSEC ↗
Q4 202413F-HRFeb 10, 20251017$1.30B canonicalSEC ↗
Q3 202413F-HRNov 12, 20241056$1.34B canonicalSEC ↗
Q2 202413F-HRAug 13, 20241005$1.18B canonicalSEC ↗
Q1 202413F-HRMay 10, 20241067$1.16B canonicalSEC ↗