Cambiar Investors
Cambiar Smid Fund
Mid-cap
Mar 2025 → Mar 2026
Our archive holds 3 letters from this strategy, behind 2 investment theses and positions in 9 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 2 years — follow all of Cambiar Investors for every strategy.
What it bought and sold
we sold Amdocs in favor of ON, which we view to offer a more attractive return profile.
with the stock up over 58% in the quarter, we closed out our position.
We also made a swap within the Tech sector, selling IT services provider Amdocs in favor of ON Semiconductor.
Also held
Its investment theses
- ON SemiconductorMar 2026ON Semiconductor makes power semiconductors and is seen as a cyclical recovery play with best-in-class management and a datacenter-driven catalyst.
- Molina HealthcareSep 2025Molina Healthcare is a managed Medicaid insurer with rebound potential through higher state reimbursements, conservative earnings recovery assumptions, and substantial insider buying underpinning attractive valuation.