Cambiar Investors Reduces Comcast Holdings

Investment firm sells off nearly a third of its Comcast shares in Q4 2025.

Apr. 12, 2026 at 8:37am

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Cambiar Investors LLC, a major investment firm, decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 32.1% during the fourth quarter of 2025, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 997,370 shares of the cable giant's stock, down from 1.47 million shares previously.

Why it matters

Comcast is one of the largest media and telecommunications companies in the United States, so changes in major investor holdings can signal broader trends in the industry. Cambiar's decision to sell a significant portion of its Comcast stake may indicate concerns about the company's future performance or shifting investor sentiment.

The details

Cambiar Investors sold 470,720 Comcast shares during the fourth quarter, reducing its total holdings to just under 1 million shares. The firm cited the cable giant's stock performance and broader market conditions as factors in its decision to trim the position. Comcast's share price has fluctuated in recent quarters, with the stock trading between $25.75 and $36.66 over the past year.

  • Cambiar Investors filed its 13F report for the fourth quarter of 2025 on April 12, 2026.
  • The firm sold the Comcast shares during the three-month period ending December 31, 2025.

The players

Cambiar Investors LLC

A Denver-based investment management firm that focuses on value-oriented strategies across global equity markets.

Comcast Corporation

A major American telecommunications conglomerate that provides cable television, internet, phone, and wireless services to residential and business customers.

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The takeaway

Cambiar Investors' decision to reduce its Comcast holdings by nearly a third could signal broader concerns about the cable and media industry's outlook, though the firm did not provide specific reasons for the move. Investors will be watching to see if other major Comcast shareholders follow suit or if the company can regain investor confidence in the coming quarters.