Cambria Investment Management portfolio

What changed this quarter

703 positions with a change (145 new, 378 added to, 123 trimmed, 57 sold); also, 1 exited through an acquisition or merger, 1 entered through a spin-off. 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Exxon Mobil−0.7 ppof portfolioSold out
  0.7% → —
• Tidewater−0.5 ppof portfolioSold out
  0.6% → —

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Cambria Foreign Shareholder ETFFYLD2.1%
• Cambria Emerg Shrhldr Yield ETFEYLD2.1%
• Cambria Global Value ETFGVAL1.6%
• Cambria Value & Momentum ETFVAMO1.4%
• Invesco S&P 500 Low Volatili ETFSPLV1.1%
• Tidal Trust IIMFUT1.0%
• Cambria Global Real Estate ETFBLDG0.9%
• State Street SPDR BBG EN RY CM St N-ui ETFCERY0.8%
• Cambria Shareholder Yield ET ETFSYLD0.7%
• AppleAAPL0.6%
• Cambria Tactical Yield ETFTYLD0.6%
• State Str Spdr S&P 500 ETF TSPY0.6%
• Valero EnergyVLO0.6%
• Ziff DavisZD0.6%
• HF SinclairDINO0.6%
• Garrett MotionGTX0.5%
• CF Industries HoldingsCF0.5%
• Bread Financial HoldingsBFH0.5%
• Cambria Micro&smcap Yield ETFMYLD0.5%
• World KinectWKC0.5%
• PhotronicsPLAB0.5%
• PhiniaPHIN0.5%
• NewmontNEM0.5%
• General MotorsGM0.5%
• ComcastCMCSA0.5%
• Spectrum Brands HoldingsSPB0.5%
• SLMSLM0.5%
• Citizens Financial GroupCFG0.5%
• NOVNOV0.5%
• Vanguard Intermediate-term T ETFVGIT0.5%
• Travel & LeisureTNL0.5%
• Synchrony FinancialSYF0.5%
• Marathon PetroleumMPC0.5%
• LearLEA0.5%
• PfizerPFE0.5%
• MatsonMATX0.5%
• Western UnionWU0.5%
• APAAPA0.5%
• AflacAFL0.5%
• Dupont De NemoursDD0.5%
• Patterson-UTI EnergyPTEN0.5%
• Robert HalfRHI0.5%
• Tenet HealthcareTHC0.5%
• Jackson FinancialJXN0.5%
• Macy'sM0.5%
• NVIDIANVDA0.5%
• BorgwarnerBWA0.5%
• GreifGEF0.5%
• ManpowergroupMAN0.5%
• Elevance HealthELV0.5%
• Perdoceo EducationPRDO0.5%
• Talos EnergyTALO0.5%
• Sally Beauty HoldingsSBH0.5%
• ConocoPhillipsCOP0.5%
• Kraft HeinzKHC0.5%
• YELPYELP0.5%
• Truist FinancialTFC0.5%
• PultegroupPHM0.5%
• FOXFOXA0.5%
• First Interstate BancsystemFIBK0.5%
• KB HomeKBH0.5%
• PayPal HoldingsPYPL0.5%
• Walt DisneyDIS0.5%
• AGCOAGCO0.5%
• MaplebearCART0.5%
• Sirius XM HoldingsSIRI0.5%
• CabotCBT0.5%
• Wabash NationalWNC0.5%
• H&r BlockHRB0.5%
• Science Applications InternationalSAIC0.5%
• MicrosoftMSFT0.5%
• Universal Health ServicesUHS0.5%
• Toll BrothersTOL0.5%
• Verizon CommunicationsVZ0.5%
• American Financial GroupAFG0.5%
• Corebridge FinancialCRBG0.5%
• Taylor Morrison HomeTMHC0.5%
• Plains GP HoldingsPAGP0.5%
• Principal Financial GroupPFG0.5%
• Haverty Furniture CompaniesHVT0.5%
• iShares Core S&P 500 ETFIVV0.5%
• M&t BankMTB0.5%
• Assured GuarantyAGO0.5%
• Strategic EducationSTRA0.5%
• Ethan Allen InteriorsETD0.5%
• HalliburtonHAL0.5%
• EOG ResourcesEOG0.5%
• Franklin ResourcesBEN0.5%
• Litman Gregory Funds TrDBMF0.5%
• Abercrombie & FitchANF0.5%
• Valley National BancorpVLY0.5%
• Diebold NixdorfDBD0.5%
• Boyd GamingBYD0.5%
• MetLifeMET0.5%
• LKQLKQ0.5%
• ViatrisVTRS0.5%
• Ameriprise FinancialAMP0.5%
• Ryder SystemR0.5%
• ADTADT0.5%
• Northern TrustNTRS0.5%