# EDGAR Filing Document

**Accession Number:** 0000823621
**File Stem:** 0001172661-23-000408
**Filing Date:** 2023-2
**Character Count:** 19679
**Document Hash:** efc5ef68eedbecfd98592369139b7ad2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000408.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001172661-23-000408

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**EFFECTIVENESS DATE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CAMBIAR INVESTORS LLC
- **CENTRAL INDEX KEY:** 0000823621
- **IRS NUMBER:** 840643524
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01398
- **FILM NUMBER:** 23579745

**BUSINESS ADDRESS:**
- **STREET 1:** 200 COLUMBINE STREET
- **STREET 2:** SUITE 800
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 3033029000

**MAIL ADDRESS:**
- **STREET 1:** 200 COLUMBINE STREET
- **STREET 2:** SUITE 800
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAMBIAR INVESTORS INC
- **DATE OF NAME CHANGE:** 19990326

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** CAMBIAR INVESTORS LLC<br>**Address:** 200 Columbine Street<br>Suite 800<br>Denver, CO 80206

**Form 13F File Number:** 028-01398

**CRD Number (if applicable):** 000115093

**SEC File Number (if applicable):** 801-60541

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Christine M. Simon<br>**Title:** Executive Director CCO<br>**Phone:** 303-302-9000

**Signature, Place, and Date of Signing:**

/s/  Christine M. Simon  Denver, CO  02-02-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 141

**Form 13F Information Table Value Total:** $2194191321

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADDUS HOMECARE CORP | COM | 006739106 | BBG001T56D18 | 2430640 | 24431 | SH |  | SOLE |  | 24431 | 0 | 0 |
| ADVANCED ENERGY INDS | COM | 007973100 | BBG001S8L5Z6 | 2524591 | 29431 | SH |  | SOLE |  | 29431 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 | BBG001S77MK3 | 30064569 | 578276 | SH |  | SOLE |  | 574409 | 0 | 3867 |
| AIR LEASE CORP | CL A | 00912X302 | BBG001T92VD1 | 5711901 | 148670 | SH |  | SOLE |  | 148670 | 0 | 0 |
| ALAMO GROUP INC | COM | 011311107 | BBG001S7YVC2 | 2436370 | 17206 | SH |  | SOLE |  | 17206 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 44544504 | 504868 | SH |  | SOLE |  | 494107 | 0 | 10761 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 32932620 | 392055 | SH |  | SOLE |  | 384100 | 0 | 7955 |
| AMDOCS LTD | SHS | G02602103 | BBG001SBX7P3 | 10107807 | 111197 | SH |  | SOLE |  | 110722 | 0 | 475 |
| AMEDISYS INC | COM | 023436108 | BBG001S5NN72 | 7121701 | 85249 | SH |  | SOLE |  | 84969 | 0 | 280 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 29633040 | 312091 | SH |  | SOLE |  | 305064 | 0 | 7027 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 51077471 | 345702 | SH |  | SOLE |  | 338354 | 0 | 7348 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | BBG001S8JK86 | 9172775 | 66818 | SH |  | SOLE |  | 66540 | 0 | 278 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 | BBG001SMQ866 | 9354303 | 330424 | SH |  | SOLE |  | 329288 | 0 | 1136 |
| APPLIED MATLS INC | COM | 038222105 | BBG001S5NMM7 | 30356657 | 311734 | SH |  | SOLE |  | 304814 | 0 | 6920 |
| ARCH CAP GROUP LTD | ORD | G0450A105 | BBG001S9HZ74 | 9220185 | 146865 | SH |  | SOLE |  | 146303 | 0 | 562 |
| ATMOS ENERGY CORP | COM | 049560105 | BBG001S5VG05 | 10000454 | 89234 | SH |  | SOLE |  | 88899 | 0 | 335 |
| AVISTA CORP | COM | 05379B107 | BBG001S5NZ48 | 2329712 | 52542 | SH |  | SOLE |  | 52542 | 0 | 0 |
| AXIS CAP HLDGS LTD | SHS | G0692U109 | BBG001SGW5F8 | 2420532 | 44684 | SH |  | SOLE |  | 44684 | 0 | 0 |
| BARCLAYS PLC | ADR | 06738E204 | BBG001S5P2T2 | 25201597 | 3230974 | SH |  | SOLE |  | 3206723 | 0 | 24251 |
| BOK FINL CORP | COM NEW | 05561Q201 | BBG001S6VBZ6 | 7950314 | 76600 | SH |  | SOLE |  | 76333 | 0 | 267 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 | BBG001T91S76 | 9627964 | 92116 | SH |  | SOLE |  | 91727 | 0 | 389 |
| BRUKER CORP | COM | 116794108 | BBG001SF69P0 | 8466173 | 123865 | SH |  | SOLE |  | 123373 | 0 | 492 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 | BBG001S9CFC7 | 8281543 | 127644 | SH |  | SOLE |  | 127180 | 0 | 464 |
| BURFORD CAP LTD | ORD SHS | G17977110 | BBG001T5RYX4 | 589269 | 72303 | SH |  | SOLE |  | 72303 | 0 | 0 |
| BURLINGTON STORES INC | COM | 122017106 | BBG004S641P3 | 10244855 | 50527 | SH |  | SOLE |  | 50356 | 0 | 171 |
| BWX TECHNOLOGIES INC | COM | 05605H100 | BBG001SGJPH7 | 2439128 | 41996 | SH |  | SOLE |  | 41996 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 | BBG001S8WVQ7 | 33082045 | 278281 | SH |  | SOLE |  | 276615 | 0 | 1666 |
| CATHAY GEN BANCORP | COM | 149150104 | BBG001S6PB10 | 2225217 | 54553 | SH |  | SOLE |  | 54553 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 | BBG001T71BP7 | 9075371 | 72331 | SH |  | SOLE |  | 72070 | 0 | 261 |
| CENTENE CORP DEL | COM | 15135B101 | BBG001S6T7Q8 | 48669655 | 593460 | SH |  | SOLE |  | 580835 | 0 | 12625 |
| CERENCE INC | COM | 156727109 | BBG00MMDJG93 | 1266414 | 68344 | SH |  | SOLE |  | 68344 | 0 | 0 |
| CHARLES RIV LABS INTL INC | COM | 159864107 | BBG001S7Q271 | 7513192 | 34480 | SH |  | SOLE |  | 34349 | 0 | 131 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 48318900 | 219034 | SH |  | SOLE |  | 213998 | 0 | 5036 |
| COCA-COLA FEMSA SAB DE CV | SPONSORD ADR REP | 191241108 | BBG001S6R487 | 969191 | 14278 | SH |  | SOLE |  | 14278 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG001S5PVM5 | 48712548 | 618258 | SH |  | SOLE |  | 603896 | 0 | 14362 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 48231347 | 208118 | SH |  | SOLE |  | 203726 | 0 | 4392 |
| CORTEVA INC | COM | 22052L104 | BBG00BN969D0 | 29686428 | 505043 | SH |  | SOLE |  | 493734 | 0 | 11309 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 | BBG001S7V596 | 24727070 | 138768 | SH |  | SOLE |  | 137727 | 0 | 1041 |
| DIODES INC | COM | 254543101 | BBG001SCJ937 | 2294707 | 30138 | SH |  | SOLE |  | 30138 | 0 | 0 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 | BBG001SDXGH8 | 8493933 | 120413 | SH |  | SOLE |  | 120026 | 0 | 387 |
| EAST WEST BANCORP INC | COM | 27579R104 | BBG001SCC7R2 | 8165735 | 123911 | SH |  | SOLE |  | 123382 | 0 | 529 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 5367970 | 452230 | SH |  | SOLE |  | 452230 | 0 | 0 |
| ENVESTNET INC | COM | 29404K106 | BBG001T7SQ20 | 2857759 | 46317 | SH |  | SOLE |  | 46317 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 | BBG001S5VFD3 | 8957537 | 187671 | SH |  | SOLE |  | 186935 | 0 | 736 |
| EURONET WORLDWIDE INC | COM | 298736109 | BBG001S9DW39 | 8494955 | 90008 | SH |  | SOLE |  | 89687 | 0 | 321 |
| EXELIXIS INC | COM | 30161Q104 | BBG001SD42W4 | 9669602 | 602843 | SH |  | SOLE |  | 601306 | 0 | 1537 |
| EXPEDITORS INTL WASH INC | COM | 302130109 | BBG001S5QZZ1 | 9692411 | 93268 | SH |  | SOLE |  | 92933 | 0 | 335 |
| FIDELITY NATIONAL FINANCIAL | FNF GROUP COM | 31620R303 | BBG006N7S6J1 | 7972619 | 211925 | SH |  | SOLE |  | 211086 | 0 | 839 |
| FIRST AMERN FINL CORP | COM | 31847R102 | BBG001T1LV65 | 2255017 | 43084 | SH |  | SOLE |  | 43084 | 0 | 0 |
| FISERV INC | COM | 337738108 | BBG001S5R6Q4 | 31391736 | 310594 | SH |  | SOLE |  | 303474 | 0 | 7120 |
| FORRESTER RESH INC | COM | 346563109 | BBG001S98HN6 | 2308058 | 64543 | SH |  | SOLE |  | 64543 | 0 | 0 |
| FORWARD AIR CORP | COM | 349853101 | BBG001SC0FW1 | 2495333 | 23790 | SH |  | SOLE |  | 23790 | 0 | 0 |
| FRONTDOOR INC | COM | 35905A109 | BBG00H9MNF05 | 2118210 | 101837 | SH |  | SOLE |  | 101837 | 0 | 0 |
| GENTEX CORP | COM | 371901109 | BBG001S5RMR8 | 10392406 | 381093 | SH |  | SOLE |  | 380029 | 0 | 1064 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 44508572 | 129619 | SH |  | SOLE |  | 126693 | 0 | 2926 |
| HAIN CELESTIAL GROUP INC | COM | 405217100 | BBG001SBCKV0 | 1345157 | 83137 | SH |  | SOLE |  | 83137 | 0 | 0 |
| HEALTHCARE SVCS GROUP INC | COM | 421906108 | BBG001S5RTV8 | 1910808 | 159234 | SH |  | SOLE |  | 159234 | 0 | 0 |
| HEALTHEQUITY INC | COM | 42226A107 | BBG001T8JKN8 | 2127998 | 34523 | SH |  | SOLE |  | 34523 | 0 | 0 |
| HEALTHSTREAM INC | COM | 42222N103 | BBG001SCR2T5 | 2538747 | 102204 | SH |  | SOLE |  | 102204 | 0 | 0 |
| HUBBELL INC | COM | 443510607 | BBG001S5S1L9 | 8097868 | 34506 | SH |  | SOLE |  | 34343 | 0 | 163 |
| HUMANA INC | COM | 444859102 | BBG001S5S1X6 | 30076821 | 58722 | SH |  | SOLE |  | 57340 | 0 | 1382 |
| ICU MED INC | COM | 44930G107 | BBG001S712B3 | 1861414 | 11820 | SH |  | SOLE |  | 11820 | 0 | 0 |
| IDACORP INC | COM | 451107106 | BBG001S5S4M2 | 2769480 | 25679 | SH |  | SOLE |  | 25679 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 | BBG001S8Q6N2 | 9834381 | 122440 | SH |  | SOLE |  | 122030 | 0 | 410 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 | BBG001SB1FR8 | 33938722 | 2788720 | SH |  | SOLE |  | 2769912 | 0 | 18808 |
| INNOVAGE HLDG CORP | COM | 45784A104 | BBG00Z6F87V4 | 2264364 | 315371 | SH |  | SOLE |  | 315371 | 0 | 0 |
| INSPERITY INC | COM | 45778Q107 | BBG001S894P4 | 2459440 | 21650 | SH |  | SOLE |  | 21650 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | BBG001SDJ4R0 | 50901875 | 496168 | SH |  | SOLE |  | 486095 | 0 | 10073 |
| IPG PHOTONICS CORP | COM | 44980X109 | BBG001SG95B8 | 8120793 | 85780 | SH |  | SOLE |  | 85469 | 0 | 311 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 1716626 | 17699 | SH |  | SOLE |  | 17699 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 767517 | 3173 | SH |  | SOLE |  | 3109 | 0 | 64 |
| ISHARES TR | AGENCY BOND ETF | 464288166 | BBG001T2RRQ4 | 2204059 | 20709 | SH |  | SOLE |  | 20709 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | BBG001S562P7 | 14531406 | 95822 | SH |  | SOLE |  | 92106 | 0 | 3716 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 18257700 | 278149 | SH |  | SOLE |  | 275049 | 0 | 3100 |
| ISHARES TR | A RATE CP BD ETF | 46429B291 | BBG002NCM1M2 | 3867999 | 83497 | SH |  | SOLE |  | 83497 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 | BBG001SKXPR1 | 6571604 | 80961 | SH |  | SOLE |  | 80961 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 | BBG001S56QV7 | 323987 | 3817 | SH |  | SOLE |  | 3817 | 0 | 0 |
| JAMES RIV GROUP LTD | COM | G5005R107 | BBG007HRJXK1 | 1976455 | 94522 | SH |  | SOLE |  | 94522 | 0 | 0 |
| JOHNSON OUTDOORS INC | CL A | 479167108 | BBG001SD39D1 | 2260444 | 34187 | SH |  | SOLE |  | 34187 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 51332944 | 382796 | SH |  | SOLE |  | 373693 | 0 | 9103 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 | BBG001S5S0N9 | 41452945 | 199092 | SH |  | SOLE |  | 194617 | 0 | 4475 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 | BBG001S7RX54 | 49168224 | 208800 | SH |  | SOLE |  | 204436 | 0 | 4364 |
| LAMB WESTON HLDGS INC | COM | 513272104 | BBG003CVMLR1 | 9400404 | 105197 | SH |  | SOLE |  | 104855 | 0 | 342 |
| LIBERTY MEDIA CORP DEL | COM SER C FRMLA | 531229854 | BBG00BFHDFQ5 | 33876310 | 566683 | SH |  | SOLE |  | 563491 | 0 | 3192 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 | BBG001S5TV87 | 8561033 | 59250 | SH |  | SOLE |  | 59011 | 0 | 239 |
| M D C HLDGS INC | COM | 552676108 | BBG001S5T272 | 2116694 | 66984 | SH |  | SOLE |  | 66984 | 0 | 0 |
| MAGNOLIA OIL  GAS CORP | CL A | 559663109 | BBG00GNC8DM1 | 9923337 | 423170 | SH |  | SOLE |  | 421969 | 0 | 1201 |
| MANPOWERGROUP INC WIS | COM | 56418H100 | BBG001S5SYW5 | 2139079 | 25707 | SH |  | SOLE |  | 25707 | 0 | 0 |
| MARCUS  MILLICHAP INC | COM | 566324109 | BBG005GBRSS5 | 2138105 | 62064 | SH |  | SOLE |  | 62064 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 | BBG00ZXBJ162 | 28864346 | 779275 | SH |  | SOLE |  | 763313 | 0 | 15962 |
| MASCO CORP | COM | 574599106 | BBG001S5SZ70 | 8259517 | 176977 | SH |  | SOLE |  | 176341 | 0 | 636 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG001SKNNS6 | 48128962 | 138409 | SH |  | SOLE |  | 135349 | 0 | 3060 |
| MAXIMUS INC | COM | 577933104 | BBG001S6G4K5 | 9748490 | 132940 | SH |  | SOLE |  | 132458 | 0 | 482 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 43863147 | 564374 | SH |  | SOLE |  | 551676 | 0 | 12698 |
| MERCURY SYS INC | COM | 589378108 | BBG001SBFLT8 | 9637443 | 215410 | SH |  | SOLE |  | 214826 | 0 | 584 |
| MONARCH CASINO  RESORT INC | COM | 609027107 | BBG001S7DVP1 | 2751816 | 35789 | SH |  | SOLE |  | 35789 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG001S5T9L1 | 33924944 | 131640 | SH |  | SOLE |  | 128698 | 0 | 2942 |
| NATIONAL RETAIL PROPERTIES I | COM | 637417106 | BBG001S6Z1P5 | 8751234 | 191242 | SH |  | SOLE |  | 190578 | 0 | 664 |
| NETSTREIT CORP | COM | 64119V303 | BBG00W5FQQM0 | 2135408 | 116498 | SH |  | SOLE |  | 116498 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 | BBG001SF5LW6 | 27597659 | 304207 | SH |  | SOLE |  | 301834 | 0 | 2373 |
| NUVASIVE INC | COM | 670704105 | BBG001SK3C57 | 1932878 | 46869 | SH |  | SOLE |  | 46869 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 | BBG001S5TWK1 | 32786337 | 499031 | SH |  | SOLE |  | 487610 | 0 | 11421 |
| PERFICIENT INC | COM | 71375U101 | BBG001SCS189 | 2257883 | 32334 | SH |  | SOLE |  | 32334 | 0 | 0 |
| PGT INNOVATIONS INC | COM | 69336V101 | BBG001SNS069 | 2193473 | 122131 | SH |  | SOLE |  | 122131 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 | BBG001SD3148 | 307986 | 3670 | SH |  | SOLE |  | 3372 | 0 | 298 |
| PROSPERITY BANCSHARES INC | COM | 743606105 | BBG001S7SL77 | 2345820 | 32276 | SH |  | SOLE |  | 32276 | 0 | 0 |
| QIAGEN NV | SHS NEW | N72482123 | BBG001S91B01 | 743362 | 14906 | SH |  | SOLE |  | 14906 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 | BBG001S9GX43 | 8938982 | 57140 | SH |  | SOLE |  | 56947 | 0 | 193 |
| RAMBUS INC DEL | COM | 750917106 | BBG001S7RF80 | 2616758 | 73053 | SH |  | SOLE |  | 73053 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | BBG001S5X5Q9 | 53352771 | 528664 | SH |  | SOLE |  | 517278 | 0 | 11386 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 | BBG001S6P9Q8 | 10708471 | 75364 | SH |  | SOLE |  | 75151 | 0 | 213 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 | BBG001S6T1Z1 | 2653280 | 14402 | SH |  | SOLE |  | 14402 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 | BBG001S5VRF5 | 35341180 | 137210 | SH |  | SOLE |  | 134239 | 0 | 2971 |
| SAP SE | SPON ADR | 803054204 | BBG001S6RD41 | 36231557 | 351115 | SH |  | SOLE |  | 348856 | 0 | 2259 |
| SCHWAB CHARLES CORP | COM | 808513105 | BBG001S5VXD4 | 33147971 | 398126 | SH |  | SOLE |  | 388927 | 0 | 9199 |
| SEMPRA | COM | 816851109 | BBG001SBVZ73 | 44874553 | 290375 | SH |  | SOLE |  | 283458 | 0 | 6917 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 30801863 | 540858 | SH |  | SOLE |  | 537358 | 0 | 3500 |
| SONY GROUP CORPORATION | SPONSORED ADR | 835699307 | BBG001S5W6H8 | 24584129 | 322288 | SH |  | SOLE |  | 319450 | 0 | 2838 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 46504000 | 608293 | SH |  | SOLE |  | 595255 | 0 | 13038 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 26489389 | 355610 | SH |  | SOLE |  | 353107 | 0 | 2503 |
| TARGA RES CORP | COM | 87612G101 | BBG001TC94B9 | 8708133 | 118478 | SH |  | SOLE |  | 118036 | 0 | 442 |
| TE CONNECTIVITY LTD | SHS | H84989104 | BBG001STLRP3 | 32494714 | 283055 | SH |  | SOLE |  | 277071 | 0 | 5984 |
| TEXAS CAP BANCSHARES INC | COM | 88224Q107 | BBG001SJ1VS5 | 2603824 | 43174 | SH |  | SOLE |  | 43174 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 | BBG001S5WQ93 | 38355897 | 481858 | SH |  | SOLE |  | 470670 | 0 | 11188 |
| TORO CO | COM | 891092108 | BBG001S5WX98 | 8863560 | 78300 | SH |  | SOLE |  | 77979 | 0 | 321 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 | BBG001S6WYD9 | 857511 | 13813 | SH |  | SOLE |  | 13813 | 0 | 0 |
| U S PHYSICAL THERAPY | COM | 90337L108 | BBG001S71ZL9 | 2080850 | 25680 | SH |  | SOLE |  | 25680 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MW4 | 36843669 | 1489837 | SH |  | SOLE |  | 1459052 | 0 | 30785 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 44967942 | 217163 | SH |  | SOLE |  | 212209 | 0 | 4954 |
| UNITED BANKSHARES INC WEST V | COM | 909907107 | BBG001S5WZV8 | 2400207 | 59279 | SH |  | SOLE |  | 59279 | 0 | 0 |
| UNITED CMNTY BKS BLAIRSVLE G | COM | 90984P303 | BBG001S9SSJ5 | 1999845 | 59167 | SH |  | SOLE |  | 59167 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 44008118 | 253153 | SH |  | SOLE |  | 247311 | 0 | 5842 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 | BBG001S5V9H3 | 2503287 | 23170 | SH |  | SOLE |  | 23170 | 0 | 0 |
| V F CORP | COM | 918204108 | BBG001S5X749 | 7802807 | 282608 | SH |  | SOLE |  | 281710 | 0 | 898 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | BBG001SHVR78 | 1708724 | 12173 | SH |  | SOLE |  | 12173 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | BBG001SSPWL4 | 611251 | 14564 | SH |  | SOLE |  | 14564 | 0 | 0 |
| WATSCO INC | COM | 942622200 | BBG001S82CQ2 | 7271506 | 29156 | SH |  | SOLE |  | 29047 | 0 | 109 |
| WELLTOWER INC | COM | 95040Q104 | BBG001S5RTQ4 | 26657481 | 406674 | SH |  | SOLE |  | 396972 | 0 | 9702 |
| WEX INC | COM | 96208T104 | BBG001SCJLG6 | 8422084 | 51464 | SH |  | SOLE |  | 51270 | 0 | 194 |
| WILLIAMS COS INC | COM | 969457100 | BBG001S5XH10 | 34339112 | 1043742 | SH |  | SOLE |  | 1021508 | 0 | 22234 |
| WNS HLDGS LTD | SPON ADR | 92932M101 | BBG001SBK8N7 | 3225837 | 40328 | SH |  | SOLE |  | 40328 | 0 | 0 |

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