# EDGAR Filing Document

**Accession Number:** 0000823621
**File Stem:** 0001172661-25-004536
**Filing Date:** 2025-11
**Character Count:** 17900
**Document Hash:** 72c844a09d356943c163622f84ad14b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004536.hdr.sgml**: 20251103

**ACCESSION NUMBER**: 0001172661-25-004536

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251103

**DATE AS OF CHANGE**: 20251103

**EFFECTIVENESS DATE**: 20251103

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CAMBIAR INVESTORS LLC
- **CENTRAL INDEX KEY:** 0000823621

**ORGANIZATION NAME:**
- **EIN:** 841596610
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01398
- **FILM NUMBER:** 251442702

**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:** 09-30-2025

**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<br>**Phone:** 303-302-9000

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

/s/  Christine M. Simon  Denver, CO  11-03-2025<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:** 140

**Form 13F Information Table Value Total:** $2199542122

      (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 |
| ACV AUCTIONS INC | COM CL A | 00091G104 |  | 5049383 | 509524 | SH |  | SOLE |  | 509219 | 0 | 305 |
| ADDUS HOMECARE CORP | COM | 006739106 |  | 1672980 | 14179 | SH |  | SOLE |  | 14179 | 0 | 0 |
| ADVANCED ENERGY INDS | COM | 007973100 |  | 1834279 | 10781 | SH |  | SOLE |  | 10781 | 0 | 0 |
| ADVISORS INNER CIRCLE FD | CAMBIAR AGGRES | 0075W0163 |  | 1715329 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 46426394 | 382362 | SH |  | SOLE |  | 376780 | 0 | 5582 |
| ALAMO GROUP INC | COM | 011311107 |  | 1649758 | 8642 | SH |  | SOLE |  | 8642 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 9505575 | 75911 | SH |  | SOLE |  | 75820 | 0 | 91 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 54635996 | 224747 | SH |  | SOLE |  | 220465 | 0 | 4282 |
| AMAZON COM INC | COM | 023135106 |  | 53966793 | 245784 | SH |  | SOLE |  | 240751 | 0 | 5033 |
| AMDOCS LTD | SHS | G02602103 |  | 4848170 | 59088 | SH |  | SOLE |  | 58662 | 0 | 426 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 32089978 | 96610 | SH |  | SOLE |  | 94667 | 0 | 1943 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 |  | 3749504 | 306332 | SH |  | SOLE |  | 304978 | 0 | 1354 |
| AMRIZE LTD | SHS | H2927K103 |  | 45583355 | 939282 | SH |  | SOLE |  | 923631 | 0 | 15651 |
| APPLIED MATLS INC | COM | 038222105 |  | 40514361 | 197882 | SH |  | SOLE |  | 194196 | 0 | 3686 |
| ASE TECHNOLOGY HLDG CO LTD | SPONSORED ADS | 00215W100 |  | 185203 | 16700 | SH |  | SOLE |  | 16700 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 20133368 | 20797 | SH |  | SOLE |  | 20619 | 0 | 178 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 20777617 | 270824 | SH |  | SOLE |  | 268617 | 0 | 2207 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 5425752 | 31776 | SH |  | SOLE |  | 31526 | 0 | 250 |
| ATMUS FILTRATION TECHNOLOGIE | COM | 04956D107 |  | 1837508 | 40752 | SH |  | SOLE |  | 40752 | 0 | 0 |
| BARCLAYS PLC | ADR | 06738E204 |  | 18347333 | 887631 | SH |  | SOLE |  | 878161 | 0 | 9470 |
| BOK FINL CORP | COM NEW | 05561Q201 |  | 7094048 | 63658 | SH |  | SOLE |  | 63259 | 0 | 399 |
| BORGWARNER INC | COM | 099724106 |  | 8376226 | 190542 | SH |  | SOLE |  | 189706 | 0 | 836 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 43175809 | 957335 | SH |  | SOLE |  | 940202 | 0 | 17133 |
| CABOT CORP | COM | 127055101 |  | 1289732 | 16959 | SH |  | SOLE |  | 16959 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 5164720 | 21059 | SH |  | SOLE |  | 20884 | 0 | 175 |
| CENTENE CORP DEL | COM | 15135B101 |  | 52520746 | 1471994 | SH |  | SOLE |  | 1450968 | 0 | 21026 |
| CHEVRON CORP NEW | COM | 166764100 |  | 54355848 | 350028 | SH |  | SOLE |  | 344282 | 0 | 5746 |
| CHUBB LIMITED | COM | H1467J104 |  | 43666615 | 154709 | SH |  | SOLE |  | 151728 | 0 | 2981 |
| CME GROUP INC | COM | 12572Q105 |  | 40231291 | 148900 | SH |  | SOLE |  | 146154 | 0 | 2746 |
| CNH INDL N V | SHS | N20944109 |  | 13993147 | 1289691 | SH |  | SOLE |  | 1279118 | 0 | 10573 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 46127388 | 1468090 | SH |  | SOLE |  | 1446174 | 0 | 21916 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 30599448 | 227218 | SH |  | SOLE |  | 223780 | 0 | 3438 |
| CORTEVA INC | COM | 22052L104 |  | 358304 | 5298 | SH |  | SOLE |  | 4881 | 0 | 417 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 54350780 | 957723 | SH |  | SOLE |  | 941922 | 0 | 15801 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 44593294 | 467288 | SH |  | SOLE |  | 460592 | 0 | 6696 |
| DIODES INC | COM | 254543101 |  | 1517709 | 28523 | SH |  | SOLE |  | 28523 | 0 | 0 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 4949601 | 68393 | SH |  | SOLE |  | 67929 | 0 | 464 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 54213074 | 167780 | SH |  | SOLE |  | 165916 | 0 | 1864 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 4494942 | 261943 | SH |  | SOLE |  | 261943 | 0 | 0 |
| ENI S P A | SPONSORED ADR | 26874R108 |  | 877769 | 25115 | SH |  | SOLE |  | 25115 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 4435789 | 29417 | SH |  | SOLE |  | 29220 | 0 | 197 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 5045275 | 126448 | SH |  | SOLE |  | 125510 | 0 | 938 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 4538284 | 51683 | SH |  | SOLE |  | 51294 | 0 | 389 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 |  | 5396434 | 89212 | SH |  | SOLE |  | 88451 | 0 | 761 |
| FIRST AMERN FINL CORP | COM | 31847R102 |  | 2062361 | 32104 | SH |  | SOLE |  | 32104 | 0 | 0 |
| FLUTTER ENTMT PLC | SHS | G3643J108 |  | 77460348 | 304962 | SH |  | SOLE |  | 300882 | 0 | 4080 |
| FRONTDOOR INC | COM | 35905A109 |  | 1862183 | 27674 | SH |  | SOLE |  | 27674 | 0 | 0 |
| GENTEX CORP | COM | 371901109 |  | 7891087 | 278837 | SH |  | SOLE |  | 277316 | 0 | 1521 |
| GLOBUS MED INC | CL A | 379577208 |  | 6670810 | 116480 | SH |  | SOLE |  | 116018 | 0 | 462 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 992252 | 1246 | SH |  | SOLE |  | 1095 | 0 | 151 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 |  | 23400601 | 3887143 | SH |  | SOLE |  | 3856459 | 0 | 30684 |
| HALEON PLC | SPON ADS | 405552100 |  | 592047 | 66003 | SH |  | SOLE |  | 65722 | 0 | 281 |
| HEALTHCARE SVCS GROUP INC | COM | 421906108 |  | 1227799 | 72953 | SH |  | SOLE |  | 72953 | 0 | 0 |
| HEALTHSTREAM INC | COM | 42222N103 |  | 1898547 | 67229 | SH |  | SOLE |  | 67229 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 5727043 | 109420 | SH |  | SOLE |  | 108730 | 0 | 690 |
| HUB GROUP INC | CL A | 443320106 |  | 1543429 | 44815 | SH |  | SOLE |  | 44815 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 4557621 | 33969 | SH |  | SOLE |  | 33686 | 0 | 283 |
| ICON PLC | SHS | G4705A100 |  | 13830250 | 79030 | SH |  | SOLE |  | 78293 | 0 | 737 |
| IDACORP INC | COM | 451107106 |  | 1635885 | 12379 | SH |  | SOLE |  | 12379 | 0 | 0 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 25470536 | 976631 | SH |  | SOLE |  | 965952 | 0 | 10679 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 367792 | 2183 | SH |  | SOLE |  | 1526 | 0 | 657 |
| ISHARES TR | A RATE CP BD ETF | 46429B291 |  | 795296 | 16408 | SH |  | SOLE |  | 16408 | 0 | 0 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 220553 | 1068 | SH |  | SOLE |  | 613 | 0 | 455 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 416032 | 4313 | SH |  | SOLE |  | 4313 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 28418110 | 139585 | SH |  | SOLE |  | 135267 | 0 | 4318 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 494652 | 4139 | SH |  | SOLE |  | 4139 | 0 | 0 |
| ISHARES TR | CORE MSCI EURO | 46434V738 |  | 319210 | 4686 | SH |  | SOLE |  | 4686 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 2026796 | 24431 | SH |  | SOLE |  | 24431 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 7754285 | 83049 | SH |  | SOLE |  | 80851 | 0 | 2198 |
| ISHARES TR | AGENCY BOND ETF | 464288166 |  | 875013 | 7928 | SH |  | SOLE |  | 7928 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 4182644 | 64092 | SH |  | SOLE |  | 62722 | 0 | 1370 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 54417353 | 172518 | SH |  | SOLE |  | 168951 | 0 | 3567 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 56800275 | 197869 | SH |  | SOLE |  | 194563 | 0 | 3306 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 4851422 | 83530 | SH |  | SOLE |  | 82895 | 0 | 635 |
| LATTICE SEMICONDUCTOR CORP | COM | 518415104 |  | 6780634 | 92480 | SH |  | SOLE |  | 92111 | 0 | 369 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 48144098 | 546347 | SH |  | SOLE |  | 537828 | 0 | 8519 |
| LAZARD INC | COM | 52110M109 |  | 5731697 | 108596 | SH |  | SOLE |  | 107915 | 0 | 681 |
| LINCOLN ELEC HLDGS INC | COM | 533900106 |  | 5804248 | 24612 | SH |  | SOLE |  | 24402 | 0 | 210 |
| LITTELFUSE INC | COM | 537008104 |  | 5779549 | 22314 | SH |  | SOLE |  | 22135 | 0 | 179 |
| MAGNA INTL INC | COM | 559222401 |  | 210841 | 4450 | SH |  | SOLE |  | 4450 | 0 | 0 |
| MARCUS  MILLICHAP INC | COM | 566324109 |  | 1223572 | 41689 | SH |  | SOLE |  | 41689 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 481637 | 5729 | SH |  | SOLE |  | 4854 | 0 | 875 |
| MASCO CORP | COM | 574599106 |  | 5173172 | 73493 | SH |  | SOLE |  | 72933 | 0 | 560 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 35059173 | 61636 | SH |  | SOLE |  | 60376 | 0 | 1260 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 56135885 | 589415 | SH |  | SOLE |  | 579413 | 0 | 10002 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 3313590 | 17316 | SH |  | SOLE |  | 17174 | 0 | 142 |
| MONARCH CASINO  RESORT INC | COM | 609027107 |  | 1785627 | 16871 | SH |  | SOLE |  | 16871 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 228645 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| NETSTREIT CORP | COM | 64119V303 |  | 1859783 | 102978 | SH |  | SOLE |  | 102978 | 0 | 0 |
| NNN REIT INC | COM | 637417106 |  | 5182557 | 121742 | SH |  | SOLE |  | 120913 | 0 | 829 |
| NOV INC | COM | 62955J103 |  | 1545202 | 116619 | SH |  | SOLE |  | 116619 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 271099 | 2114 | SH |  | SOLE |  | 1837 | 0 | 277 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 4562798 | 20036 | SH |  | SOLE |  | 20036 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 5754660 | 26406 | SH |  | SOLE |  | 26210 | 0 | 196 |
| PHREESIA INC | COM | 71944F106 |  | 5663451 | 240793 | SH |  | SOLE |  | 240250 | 0 | 543 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 4819404 | 53752 | SH |  | SOLE |  | 53373 | 0 | 379 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 51244383 | 255036 | SH |  | SOLE |  | 250366 | 0 | 4670 |
| PPG INDS INC | COM | 693506107 |  | 43538874 | 414222 | SH |  | SOLE |  | 407718 | 0 | 6504 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 6423344 | 96810 | SH |  | SOLE |  | 96406 | 0 | 404 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 5221511 | 27398 | SH |  | SOLE |  | 27192 | 0 | 206 |
| RAMBUS INC DEL | COM | 750917106 |  | 2474437 | 23747 | SH |  | SOLE |  | 23747 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 33226783 | 59094 | SH |  | SOLE |  | 58055 | 0 | 1039 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 6926094 | 36049 | SH |  | SOLE |  | 35811 | 0 | 238 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 1999445 | 7874 | SH |  | SOLE |  | 7874 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 26677255 | 159429 | SH |  | SOLE |  | 155916 | 0 | 3513 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 15436193 | 256330 | SH |  | SOLE |  | 253927 | 0 | 2403 |
| SAP SE | SPON ADR | 803054204 |  | 10225325 | 38267 | SH |  | SOLE |  | 37705 | 0 | 562 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 47349934 | 1377653 | SH |  | SOLE |  | 1358946 | 0 | 18707 |
| SEMPRA | COM | 816851109 |  | 49987489 | 555540 | SH |  | SOLE |  | 544600 | 0 | 10940 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 17815367 | 618804 | SH |  | SOLE |  | 611478 | 0 | 7326 |
| SPORTRADAR GROUP AG | CLASS A ORD SHS | H8088L103 |  | 6350660 | 236084 | SH |  | SOLE |  | 234836 | 0 | 1248 |
| SYSCO CORP | COM | 871829107 |  | 34853534 | 423288 | SH |  | SOLE |  | 415238 | 0 | 8050 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 16528103 | 59179 | SH |  | SOLE |  | 58530 | 0 | 649 |
| TARGET CORP | COM | 87612E106 |  | 43928243 | 489724 | SH |  | SOLE |  | 481898 | 0 | 7826 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 36077780 | 164341 | SH |  | SOLE |  | 161129 | 0 | 3212 |
| TEXAS CAP BANCSHARES INC | COM | 88224Q107 |  | 1716804 | 20310 | SH |  | SOLE |  | 20310 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 43539784 | 236977 | SH |  | SOLE |  | 232919 | 0 | 4058 |
| TJX COS INC NEW | COM | 872540109 |  | 27007299 | 186850 | SH |  | SOLE |  | 182931 | 0 | 3919 |
| TORO CO | COM | 891092108 |  | 4728820 | 62058 | SH |  | SOLE |  | 61580 | 0 | 478 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 2243108 | 31025 | SH |  | SOLE |  | 31025 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 1583852 | 28008 | SH |  | SOLE |  | 28008 | 0 | 0 |
| U S PHYSICAL THERAPY | COM | 90337L108 |  | 1836704 | 21621 | SH |  | SOLE |  | 21621 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 64394505 | 657288 | SH |  | SOLE |  | 645325 | 0 | 11963 |
| UNION PAC CORP | COM | 907818108 |  | 55067119 | 232970 | SH |  | SOLE |  | 228754 | 0 | 4216 |
| UNITED BANKSHARES INC WEST V | COM | 909907107 |  | 1863663 | 50085 | SH |  | SOLE |  | 50085 | 0 | 0 |
| UNITED CMNTY BKS BLAIRSVLE G | COM | 90984P303 |  | 2049788 | 65384 | SH |  | SOLE |  | 65384 | 0 | 0 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 1530378 | 10655 | SH |  | SOLE |  | 10655 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 34501047 | 713864 | SH |  | SOLE |  | 700679 | 0 | 13185 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 604041 | 3239 | SH |  | SOLE |  | 3211 | 0 | 28 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 227756 | 3801 | SH |  | SOLE |  | 3650 | 0 | 151 |
| VIASAT INC | COM | 92552V100 |  | 265019 | 9045 | SH |  | SOLE |  | 9045 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 4768478 | 15905 | SH |  | SOLE |  | 15766 | 0 | 139 |
| WEBSTER FINL CORP | COM | 947890109 |  | 5528277 | 93006 | SH |  | SOLE |  | 92436 | 0 | 570 |
| WELLTOWER INC | COM | 95040Q104 |  | 386029 | 2167 | SH |  | SOLE |  | 1682 | 0 | 485 |
| WEX INC | COM | 96208T104 |  | 6414464 | 40719 | SH |  | SOLE |  | 40502 | 0 | 217 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 29459940 | 1188380 | SH |  | SOLE |  | 1166811 | 0 | 21569 |
| WILLIAMS COS INC | COM | 969457100 |  | 475188 | 7501 | SH |  | SOLE |  | 6295 | 0 | 1206 |
| WILLSCOT HLDGS CORP | COM CL A | 971378104 |  | 4246889 | 201179 | SH |  | SOLE |  | 199951 | 0 | 1228 |
| WISDOMTREE TR | FLOATNG RAT TREA | 97717Y527 |  | 1268212 | 25228 | SH |  | SOLE |  | 25228 | 0 | 0 |
| WNS HLDGS LTD | COM SHS | G98196101 |  | 1961741 | 25721 | SH |  | SOLE |  | 25721 | 0 | 0 |

---