Cambiar Investors
Cambiar International Equity
International Large-cap
Mar 2025 → Jun 2026
Our archive holds 5 letters from this strategy, behind 1 investment thesis and positions in 22 companies. Every quote below is copied verbatim from the letter it came from.
5 letters in 2 years — follow all of Cambiar Investors for every strategy.
What it bought and sold
Sales similarly were varied in nature, with the team selling Barry Callebaut in favor of Carlsberg within Consumer Staples, as well as a reduction in Healthcare exposure via liquidations of Icon and UCB.
Sales similarly were varied in nature, with the team selling Barry Callebaut in favor of Carlsberg within Consumer Staples, as well as a reduction in Healthcare exposure via liquidations of Icon and UCB.
Sales similarly were varied in nature, with the team selling Barry Callebaut in favor of Carlsberg within Consumer Staples, as well as a reduction in Healthcare exposure via liquidations of Icon and UCB.
Additions included Canadian National Railway (CNI) and MTU Aero Engines (MTUAY).
- New positionMTU Aero EnginesJun 2026
Additions included Canadian National Railway (CNI) and MTU Aero Engines (MTUAY).
Sales similarly were varied in nature, with the team selling Barry Callebaut in favor of Carlsberg within Consumer Staples, as well as a reduction in Healthcare exposure via liquidations of Icon and UCB.
We subsequently decided to sell Recruit and maintain positions in Publicis and SAP.
we increased our allocation to Utilities with the purchase of Energias de Portugal (EDP).