Large Cap Value
Portfolio Characteristics
- Cambiar's oldest strategy. Portfolio was incepted in 1973 utilizing the firm's long-standing relative value approach.
- Invests in companies above $3 billion market cap that are attractive businesses trading at the low end of their long-term valuation ranges.
- The portfolio holds between 35-45 stocks.
- Sector weights based on bottom-up fundamental, not index construction.
- Disciplined sell process as stocks approach price targets.
- Decision making - all portfolio buy and sell decisions are made in a collective manner by the Cambiar investment team.
The performance information depicted above represents the Cambiar Large Cap Value Composite (Institutional). Returns are net of management fees and transaction costs and include the reinvestment of all income. Gross returns do not reflect the deduction of management fees. The Russell 1000 Value Index is a market capitalization weighted index which contains securities from the Russell 1000 Index with a less than average growth orientation. The S&P 500 Index is shown to reflect general market conditions. The S&P 500 is a market capitalization-weighted index of 500 publicly traded stocks. Both the S&P 500 and the Russell 1000 Value Index are broadly based indices which reflect the overall market performance and comparisons may not reflect Cambiar’s performance as compared to the performance of other investment advisors. These stock indexes assume reinvestment of dividends and capital gains, and assume no management, custody, transaction or other expenses. Cambiar’s past results do not necessarily indicate Cambiar’s future performance and, as is the case with all investment advisors who concentrate on equity investments, Cambiar’s future performance may result in a loss.
| Quarterly Performance as of 12.31.11 | ||||
|---|---|---|---|---|
|
LCV (gross) |
LCV (net) |
R1000V | S&P 500 | |
| 4Q11 | 11.9% | 11.8% | 13.1% | 11.8% |
| YTD | 11.9% | 11.8% | 13.1% | 11.8% |
| 1 Year | -6.8% | -7.1% | 0.4% | 2.1% |
| 3 Year | 15.3% | 14.8% | 11.6% | 14.1% |
| 5 Year | -1.2% | -1.6% | -2.6% | -0.3% |
| 10 Year | 4.8% | 4.4% | 3.9% | 2.9% |
| 15 Year | 8.0% | 7.6% | 6.3% | 5.4% |
3 year, 5 year, 10 year and 15 year performance information are annualized.
- Cambiar Large Cap Value - Fact Sheet Read about the performance, characteristics and portfolio breakdown for the strategy.
- Cambiar Large Cap Value - Commentary Read about the leading contributors and detractors for the Large Cap Value portfolio for the quarter.
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