# CAMBIAR INVESTORS LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 823621. Source: https://holderbook.com/funds/823621-cambiar-investors-llc/

- Reported value: $2.3B
- Positions: 150
- Weight of the ten largest: 25.5%
- Filed: 2026-07-31

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $66.4M | 708,662 | 2.9% | 10 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $63.5M | 177,752 | 2.8% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $62.2M | 228,758 | 2.7% | 26 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $58.6M | 1,017,517 | 2.5% | 13 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $57.6M | 205,845 | 2.5% | 9 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $57.3M | 794,380 | 2.5% | 24 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $56.6M | 229,884 | 2.5% | 11 |
| AMRIZE LTD | [AMRZ](https://holderbook.com/stocks/AMRZ/) | $56.5M | 1,060,745 | 2.5% | 4 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $56.1M | 144,954 | 2.4% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $53.5M | 224,579 | 2.3% | 26 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $52.0M | 158,924 | 2.3% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $50.9M | 99,157 | 2.2% | 22 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $50.4M | 228,271 | 2.2% | 13 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $49.9M | 147,613 | 2.2% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $47.9M | 612,194 | 2.1% | 31 |
| MASCO CORP | [MAS](https://holderbook.com/stocks/MAS/) | $46.7M | 574,533 | 2.0% | 17 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $46.2M | 552,781 | 2.0% | 24 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $44.0M | 547,854 | 1.9% | 18 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $43.5M | 677,251 | 1.9% | 28 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $43.2M | 318,975 | 1.9% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $42.8M | 143,704 | 1.9% | 13 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $40.1M | 55,507 | 1.7% | 29 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $39.9M | 430,295 | 1.7% | 26 |
| APTIV PLC | [APTV](https://holderbook.com/stocks/APTV/) | $39.5M | 643,605 | 1.7% | 2 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $38.9M | 644,194 | 1.7% | 8 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $38.0M | 522,265 | 1.7% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $38.0M | 323,211 | 1.6% | 1 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $35.9M | 57,573 | 1.6% | 6 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $35.8M | 105,163 | 1.6% | 25 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $35.7M | 256,465 | 1.5% | 19 |
| FEDEX FGHT HLDG CO INC | - | $34.4M | 227,588 | 1.5% | 1 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $33.9M | 358,924 | 1.5% | 2 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $32.5M | 103,915 | 1.4% | 3 |
| VERSANT MEDIA GROUP INC | [VSNT](https://holderbook.com/stocks/VSNT/) | $32.5M | 902,568 | 1.4% | 2 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $32.2M | 261,729 | 1.4% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $30.7M | 185,463 | 1.3% | 14 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $29.7M | 132,493 | 1.3% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $29.6M | 14,881 | 1.3% | 7 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $29.3M | 132,494 | 1.3% | 1 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $26.3M | 1,099,393 | 1.1% | 5 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $25.5M | 549,265 | 1.1% | 7 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $25.4M | 167,475 | 1.1% | 23 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $24.6M | 129,899 | 1.1% | 2 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $21.4M | 463,154 | 0.9% | 3 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $19.7M | 262,697 | 0.9% | 2 |
| ING GROEP N.V. | [ING](https://holderbook.com/stocks/ING/) | $18.9M | 602,985 | 0.8% | 21 |
| GRAB HOLDINGS LIMITED | [GRAB](https://holderbook.com/stocks/GRAB/) | $17.1M | 4,526,530 | 0.7% | 5 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $16.3M | 34,234 | 0.7% | 25 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $15.7M | 131,631 | 0.7% | 3 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $14.7M | 226,286 | 0.6% | 6 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $14.6M | 140,573 | 0.6% | 31 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $14.1M | 293,933 | 0.6% | 2 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $14.0M | 57,833 | 0.6% | 31 |
| BARCLAYS PLC | [BCS](https://holderbook.com/stocks/BCS/) | $14.0M | 520,862 | 0.6% | 19 |
| ADVISORS INNER CIRCLE FD | [CAMX](https://holderbook.com/stocks/CAMX/) | $13.6M | 397,673 | 0.6% | 12 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $12.4M | 185,252 | 0.5% | 3 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $12.2M | 606,184 | 0.5% | 20 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $11.9M | 230,919 | 0.5% | 2 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $10.8M | 64,032 | 0.5% | 5 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $9.6M | 62,567 | 0.4% | 31 |
| ZILLOW GROUP INC | [ZG](https://holderbook.com/stocks/ZG/) | $6.7M | 214,124 | 0.3% | 2 |
| LATTICE SEMICONDUCTOR CORP | [LSCC](https://holderbook.com/stocks/LSCC/) | $6.5M | 42,266 | 0.3% | 4 |
| AMERICOLD REALTY TRUST INC | [COLD](https://holderbook.com/stocks/COLD/) | $5.9M | 376,637 | 0.3% | 19 |
| TOWER SEMICONDUCTOR LTD | [TSEM](https://holderbook.com/stocks/TSEM/) | $5.8M | 22,308 | 0.3% | 12 |
| BOK FINL CORP | [BOKF](https://holderbook.com/stocks/BOKF/) | $5.5M | 39,655 | 0.2% | 22 |
| PROSPERITY BANCSHARES INC | [PB](https://holderbook.com/stocks/PB/) | $5.4M | 74,208 | 0.2% | 23 |
| REINSURANCE GROUP AMER INC | [RGA](https://holderbook.com/stocks/RGA/) | $5.2M | 24,574 | 0.2% | 26 |
| GENTEX CORP | [GNTX](https://holderbook.com/stocks/GNTX/) | $5.0M | 199,755 | 0.2% | 17 |
| GLOBUS MED INC | [GMED](https://holderbook.com/stocks/GMED/) | $5.0M | 62,836 | 0.2% | 12 |
| LAZARD INC | [LAZ](https://holderbook.com/stocks/LAZ/) | $4.7M | 111,179 | 0.2% | 5 |
| SPORTRADAR GROUP AG | [SRAD](https://holderbook.com/stocks/SRAD/) | $4.6M | 307,527 | 0.2% | 7 |
| WEX INC | [WEX](https://holderbook.com/stocks/WEX/) | $4.2M | 30,009 | 0.2% | 22 |
| WILLSCOT HLDGS CORP | [WSC](https://holderbook.com/stocks/WSC/) | $4.2M | 146,520 | 0.2% | 8 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $4.1M | 50,119 | 0.2% | 31 |
| ACV AUCTIONS INC | [ACVA](https://holderbook.com/stocks/ACVA/) | $3.9M | 543,278 | 0.2% | 5 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $3.8M | 201,323 | 0.2% | 16 |
| LITTELFUSE INC | [LFUS](https://holderbook.com/stocks/LFUS/) | $3.8M | 8,358 | 0.2% | 12 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $3.6M | 17,090 | 0.2% | 17 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $3.5M | 75,999 | 0.2% | 25 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $3.5M | 14,731 | 0.2% | 13 |
| PHREESIA INC | [PHR](https://holderbook.com/stocks/PHR/) | $3.5M | 339,697 | 0.2% | 5 |
| SOUTHSTATE BK CORP | [SSB](https://holderbook.com/stocks/SSB/) | $3.5M | 34,922 | 0.2% | 2 |
| PINNACLE WEST CAP CORP | [PNW](https://holderbook.com/stocks/PNW/) | $3.5M | 32,528 | 0.2% | 10 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $3.5M | 8,319 | 0.2% | 2 |
| SOLVENTUM CORP | [SOLV](https://holderbook.com/stocks/SOLV/) | $3.4M | 44,628 | 0.1% | 3 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $3.4M | 51,483 | 0.1% | 5 |
| HF SINCLAIR CORP | [DINO](https://holderbook.com/stocks/DINO/) | $3.4M | 48,377 | 0.1% | 7 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $3.3M | 19,440 | 0.1% | 31 |
| FIDELITY NATL FINL INC | [FNF](https://holderbook.com/stocks/FNF/) | $3.3M | 69,996 | 0.1% | 30 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $3.2M | 83,667 | 0.1% | 26 |
| COOPER COS INC | [COO](https://holderbook.com/stocks/COO/) | $3.1M | 43,769 | 0.1% | 3 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $3.1M | 39,761 | 0.1% | 20 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $3.0M | 10,765 | 0.1% | 5 |
| SAIA INC | [SAIA](https://holderbook.com/stocks/SAIA/) | $2.9M | 6,923 | 0.1% | 2 |
| LAMB WESTON HLDGS INC | [LW](https://holderbook.com/stocks/LW/) | $2.8M | 65,659 | 0.1% | 24 |
| LINCOLN ELEC HLDGS INC | [LECO](https://holderbook.com/stocks/LECO/) | $2.7M | 10,051 | 0.1% | 31 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $2.6M | 27,384 | 0.1% | 2 |
| DOLBY LABORATORIES INC | [DLB](https://holderbook.com/stocks/DLB/) | $2.5M | 46,702 | 0.1% | 26 |
| EURONET WORLDWIDE INC | [EEFT](https://holderbook.com/stocks/EEFT/) | $2.4M | 33,472 | 0.1% | 31 |
| ICHOR HOLDINGS | [ICHR](https://holderbook.com/stocks/ICHR/) | $2.3M | 20,616 | 0.1% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.9% | +14.8% | -2.9% | 100% |
| Q1 2026 | +0.4% | -4.6% | +5.1% | 100% |
| Q4 2025 | +4.1% | +2.4% | +1.7% | 100% |
| Q3 2025 | +2.8% | +7.8% | -5.0% | 100% |
| Q2 2025 | +3.7% | +10.5% | -6.8% | 100% |
| Q1 2025 | -0.6% | -4.6% | +3.9% | 100% |
| Q4 2024 | -0.9% | +2.1% | -3.0% | 100% |
| Q3 2024 | +6.8% | +5.4% | +1.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.3B | 150 |
| Q1 2026 | $2.2B | 145 |
| Q4 2025 | $2.2B | 146 |
| Q3 2025 | $2.2B | 140 |
| Q2 2025 | $2.4B | 148 |
| Q1 2025 | $2.4B | 154 |
| Q4 2024 | $2.5B | 154 |
| Q3 2024 | $2.6B | 147 |
| Q2 2024 | $2.6B | 145 |
| Q1 2024 | $2.7B | 144 |
| Q4 2023 | $2.5B | 151 |
| Q3 2023 | $2.4B | 148 |