1y return+18.8%S&P 500 +20.9%
3y return+42.4%S&P 500 +68.5%
5y return+30.2%S&P 500 +74.5%
10y return+85.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $186 against $357 in the S&P 500.2
Cambiar Investors LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| DALDelta Air Lines Inc | $66.4M | 2.9% | −20.7% |
| GOOGLAlphabet Inc | $63.5M | 2.8% | −4.1% |
| UNPUnion Pac Corp | $62.2M | 2.7% | −5.8% |
| BMYBristol-myers Squibb Co | $58.6M | 2.5% | +7.8% |
| LHLabcorp Holdings Inc | $57.6M | 2.5% | |
| UBERUber Technologies Inc | $57.3M | 2.5% | |
| PNCPnc Finl Svcs Group Inc | $56.6M | 2.5% | −2.6% |
| Amrize LtdCUSIP H2927K103 | $56.5M | 2.5% | |
| ELVElevance Health Inc Formerly | $56.1M | 2.4% | −22.0% |
| AMZNAmazon Com Inc | $53.5M | 2.3% | −4.0% |
| JPMJpmorgan Chase & Co | $52.0M | 2.3% | |
| MAMastercard Incorporated | $50.9M | 2.2% | +21.8% |
| CMECme Group Inc | $50.4M | 2.2% | +33.1% |
| AXPAmerican Express Co | $49.9M | 2.2% | −1.2% |
| Medtronic PLCCUSIP G5960L103 | $47.9M | 2.1% | +6.4% |
| MASMasco Corp | $46.7M | 2.0% | +6.0% |
| SYYSysco Corp | $46.2M | 2.0% | −1.9% |
| DEODiageo PLC | $44.0M | 1.9% | +11.0% |
| CNCCentene Corp Del | $43.5M | 1.9% | −29.9% |
| PEPPepsico Inc | $43.2M | 1.9% | +17.4% |
| TXNTexas Instrs Inc | $42.8M | 1.9% | −47.6% |
| AMATApplied Matls Inc | $40.1M | 1.7% | −62.5% |
| SRESempra | $39.9M | 1.7% | −1.2% |
| Aptiv PLCCUSIP G3265R107 | $39.5M | 1.7% | +53.3% |
| USBUs Bancorp | $38.9M | 1.7% | −3.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $40.1M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $63.5M |
| AXPAmerican Express Co | June 30, 2020 | +255.3% | $49.9M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $52.0M |
| Asml Hldg NvCUSIP N07059210 | December 31, 2024 | +187.0% | $29.6M |
| Chubb LimitedCUSIP H1467J104 | June 30, 2020 | +169.1% | $35.8M |
| UBERUber Technologies Inc | September 30, 2020 | +97.8% | $57.3M |
| DALDelta Air Lines Inc | March 31, 2024 | +95.7% | $66.4M |
| AMZNAmazon Com Inc | June 30, 2020 | +72.8% | $53.5M |
| TXNTexas Instrs Inc | June 30, 2023 | +65.6% | $42.8M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $57.3M
- CMCSAComcast Corp New was $32.5M
- Icon PLCCUSIP G4705A100 was $9.6M
- Webster Finl CorpCUSIP 947890109 was $3.7M
- USPHU S Physical Therapy was $1.4M
- MGAMagna Intl Inc was $365K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.5% | +14.8% |
| March 31, 2026 | +0.4% | −4.6% |
| December 31, 2025 | +4.0% | +2.4% |
| September 30, 2025 | +2.8% | +7.8% |
| June 30, 2025 | +3.7% | +10.5% |
| March 31, 2025 | −0.6% | −4.6% |
| December 31, 2024 | −0.9% | +2.1% |
| September 30, 2024 | +6.8% | +5.4% |
| June 30, 2024 | −2.6% | +4.0% |
| March 31, 2024 | +7.9% | +10.0% |
| December 31, 2023 | +8.4% | +11.2% |
| September 30, 2023 | −3.4% | −3.6% |
| June 30, 2023 | +5.2% | +8.3% |
| March 31, 2023 | +3.2% | +7.0% |
| December 31, 2022 | +11.2% | +7.1% |
| September 30, 2022 | −6.5% | −5.3% |
| June 30, 2022 | −13.4% | −16.5% |
| March 31, 2022 | −4.4% | −4.9% |
| December 31, 2021 | +4.1% | +10.7% |
| September 30, 2021 | −6.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Cambiar Investors LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=823621&type=13F-HR&dateb=&owner=include&count=40CIK 823621
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/823621/000117266126003003/Filed July 31, 2026 · accession 0001172661-26-003003