Cambria Investment Management, L.P.

Manhattan Beach, CA · CIK 1529389 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2010 · limited partnership

Assets managed$3.6bn
Staff16 · 4 in investment roles
Main clients (by assets)Mutual funds and ETFs 99%
Form ADV · 2026-03-27SEC adviser record

Legal entityCambria Investment Management, L.P. (US)

Kindmutual funds, futures
Others nearbyManhattan Beach, CA

$2.0bn reported value +12.9% vs Q1 2026

731positions

12.2%in top 10

152 new 391 added 154 reduced 64 sold out vs Q1 2026

This report includes the holdings of 2 other managers that share the investment decisions:

Empowered Funds, LLC – files its own report too; $620.6m of shares are in both
Tidal Investments LLC – files its own report too; $480.4m of shares are in both

Also in the report of:

Empowered Funds, LLC – $620.6m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CAMBRIA ETF TR CAMBRIA FGN SHR FYLD	FYLD	1,141,239	$41.6m2.06%	2.06%	Reduced -208.3k	-208,293 -15.4%
2	CAMBRIA ETF TR EMRG SHAREHLDR EYLD	EYLD	914,158	$41.5m2.05%	2.05%	Added +46.8k	+46,755 5.4%
3	CAMBRIA ETF TR GLOBAL VALUE ETF GVAL	GVAL	918,444	$33.1m1.64%	1.64%	Reduced -203.2k	-203,208 -18.1%
4	CAMBRIA ETF TR VALUE MOMENTUM VAMO	VAMO	772,374	$27.8m1.37%	1.37%	Added +18.2k	+18,161 2.4%
5	INVESCO EXCH TRADED FD TR II S&P500 LOW VOL SPLV	SPLV	297,416	$22.3m1.10%	1.10%	Added +22.7k	+22,658 8.2%
6	TIDAL TRUST II CAMBRIA CHESAPEA MFUT	MFUT	1,060,058	$19.6m0.97%	0.97%	Added +367.3k	+367,293 53.0%
7	CAMBRIA ETF TR GBL REAL EST ETF BLDG	BLDG	669,198	$18.1m0.89%	0.89%	Added +17.4k	+17,363 2.7%
8	SPDR SERIES TRUST STATE STRET SPDR CERY	CERY	470,072	$15.7m0.78%	0.78%	Added +11.5k	+11,497 2.5%
9	CAMBRIA ETF TR SHSHLD YIELD ETF SYLD	SYLD	169,615	$13.4m0.66%	0.66%	Added +4.2k	+4,172 2.5%
10	APPLE INC COM AAPL	AAPL	43,986	$12.7m0.63%	0.63%	Added +21.2k	+21,171 92.8%
11	CAMBRIA ETF TR TACTICAL YIELD E TYLD	TYLD	470,701	$11.9m0.59%	0.59%	Added +13.6k	+13,634 3.0%
12	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	15,900	$11.9m0.59%	0.59%	Added +1.5k	+1,528 10.6%
13	VALERO ENERGY CORP COM VLO	VLO	45,248	$11.8m0.58%	0.58%	Added +4.0k	+3,996 9.7%
14	ZIFF DAVIS INC COM ZD	ZD	221,773	$11.6m0.57%	0.57%	Added +3.9k	+3,922 1.8%
15	HF SINCLAIR CORP COM DINO	DINO	164,250	$11.4m0.57%	0.57%	Added +2.2k	+2,250 1.4%
16	GARRETT MOTION INC COM GTX	GTX	306,529	$11.1m0.55%	0.55%	Reduced -224.1k	-224,142 -42.2%
17	CF INDS HLDGS INC COM CF	CF	101,741	$11.0m0.54%	0.54%	Added +24.7k	+24,672 32.0%
18	BREAD FINANCIAL HOLDINGS INC COM BFH	BFH	100,821	$10.9m0.54%	0.54%	Reduced -32.0k	-31,990 -24.1%
19	CAMBRIA ETF TR MICRO & SMALLCAP MYLD	MYLD	341,943	$10.9m0.54%	0.54%	Reduced -126.1k	-126,071 -26.9%
20	WORLD KINECT CORPORATION COM WKC	WKC	329,618	$10.9m0.54%	0.54%	Reduced -107.0k	-106,953 -24.5%
21	PHOTRONICS INC COM PLAB	PLAB	331,505	$10.8m0.53%	0.53%	Added +97.1k	+97,072 41.4%
22	PHINIA INC COMMON STOCK PHIN	PHIN	130,721	$10.8m0.53%	0.53%	Added +115.9k	+115,930 783.8%
23	NEWMONT CORP COM NEM	NEM	114,890	$10.7m0.53%	0.53%	Added +13.7k	+13,732 13.6%
24	GENERAL MTRS CO COM GM	GM	138,393	$10.7m0.53%	0.53%	Added +7.3k	+7,331 5.6%
25	COMCAST CORP NEW CL A CMCSA	CMCSA	435,523	$10.5m0.52%	0.52%	Added +106.2k	+106,204 32.2%
26	SPECTRUM BRANDS HLDGS INC NE COM SPB	SPB	122,783	$10.5m0.52%	0.52%	Reduced -11.4k	-11,402 -8.5%
27	SLM CORP COM SLM	SLM	404,692	$10.5m0.52%	0.52%	Reduced -50.7k	-50,688 -11.1%
28	CITIZENS FINL GROUP INC COM CFG	CFG	149,397	$10.5m0.52%	0.52%	Reduced -16.9k	-16,939 -10.2%
29	NOV INC COM NOV	NOV	564,252	$10.5m0.52%	0.52%	Added +68.9k	+68,878 13.9%
30	VANGUARD SCOTTSDALE FDS INTER TERM TREAS VGIT	VGIT	177,540	$10.4m0.52%	0.52%	Added +4.8k	+4,758 2.8%
31	TRAVEL PLUS LEISURE CO COM TNL	TNL	136,048	$10.4m0.51%	0.51%	Reduced -4.1k	-4,072 -2.9%
32	SYNCHRONY FINANCIAL COM SYF	SYF	136,544	$10.4m0.51%	0.51%	Reduced -8.4k	-8,417 -5.8%
33	MARATHON PETE CORP COM MPC	MPC	40,591	$10.4m0.51%	0.51%	Added +2.9k	+2,931 7.8%
34	LEAR CORP COM NEW LEA	LEA	77,383	$10.4m0.51%	0.51%	Added +1.2k	+1,207 1.6%
35	PFIZER INC COM PFE	PFE	429,762	$10.3m0.51%	0.51%	Added +55.9k	+55,869 14.9%
36	MATSON INC COM MATX	MATX	53,672	$10.3m0.51%	0.51%	Reduced -7.8k	-7,809 -12.7%
37	WESTERN UN CO COM WU	WU	1,334,697	$10.3m0.51%	0.51%	Added +316.7k	+316,740 31.1%
38	APA CORPORATION COM APA	APA	313,130	$10.2m0.50%	0.50%	Added +74.1k	+74,056 31.0%
39	AFLAC INC COM AFL	AFL	86,907	$10.2m0.50%	0.50%	Reduced -4.1k	-4,069 -4.5%
40	DUPONT DE NEMOURS INC COMMON STOCK DD	DD	74,804	$10.1m0.50%	0.50%	New
41	PATTERSON-UTI ENERGY INC COM PTEN	PTEN	1,102,545	$10.1m0.50%	0.50%	Added +167.5k	+167,486 17.9%
42	ROBERT HALF INC. COM RHI	RHI	327,058	$10.0m0.50%	0.50%	Added +317.6k	+317,563 3344.5%
43	TENET HEALTHCARE CORP COM NEW THC	THC	53,590	$10.0m0.50%	0.50%	Added +6.4k	+6,413 13.6%
44	JACKSON FINANCIAL INC COM CL A JXN	JXN	97,878	$10.0m0.50%	0.50%	Added +5.2k	+5,206 5.6%
45	MACYS INC COM M	M	425,437	$10.0m0.50%	0.50%	Reduced -104.2k	-104,248 -19.7%
46	NVIDIA CORPORATION COM NVDA	NVDA	49,911	$10.0m0.49%	0.49%	Added +18.7k	+18,668 59.8%
47	BORGWARNER INC COM BWA	BWA	150,383	$10.0m0.49%	0.49%	Reduced -25.4k	-25,422 -14.5%
48	GREIF INC CL A GEF	GEF	134,002	$10.0m0.49%	0.49%	Reduced -1.2k	-1,194 -0.9%
49	MANPOWERGROUP INC WIS COM MAN	MAN	295,060	$10.0m0.49%	0.49%	Reduced -39.2k	-39,179 -11.7%
50	ELEVANCE HEALTH INC COM ELV	ELV	25,763	$10.0m0.49%	0.49%	New
51	PERDOCEO ED CORP COM PRDO	PRDO	310,524	$9.9m0.49%	0.49%	Added +48.2k	+48,223 18.4%
52	TALOS ENERGY INC COM TALO	TALO	767,176	$9.9m0.49%	0.49%	Added +148.3k	+148,320 24.0%
53	SALLY BEAUTY HLDGS INC COM SBH	SBH	698,098	$9.9m0.49%	0.49%	Added +678.4k	+678,407 3445.3%
54	CONOCOPHILLIPS COM COP	COP	94,812	$9.9m0.49%	0.49%	Added +20.2k	+20,225 27.1%
55	KRAFT HEINZ CO COM KHC	KHC	417,033	$9.9m0.49%	0.49%	Reduced -8.7k	-8,700 -2.0%
56	YELP INC CL A YELP	YELP	401,656	$9.8m0.49%	0.49%	Added +25.6k	+25,619 6.8%
57	TRUIST FINL CORP COM TFC	TFC	197,396	$9.8m0.49%	0.49%	Reduced -3.8k	-3,828 -1.9%
58	PULTE GROUP INC COM PHM	PHM	71,612	$9.8m0.49%	0.49%	Reduced -8.6k	-8,643 -10.8%
59	FOX CORP CL A COM FOXA	FOXA	188,298	$9.8m0.49%	0.49%	Added +20.2k	+20,228 12.0%
60	FIRST INTST BANCSYSTEM INC COM FIBK	FIBK	254,704	$9.8m0.49%	0.49%	Reduced -22.1k	-22,138 -8.0%
61	KB HOME COM KBH	KBH	156,817	$9.8m0.49%	0.49%	Reduced -25.8k	-25,762 -14.1%
62	PAYPAL HLDGS INC COM PYPL	PYPL	226,682	$9.8m0.48%	0.48%	Added +18.5k	+18,510 8.9%
63	DISNEY WALT CO COM DIS	DIS	101,333	$9.8m0.48%	0.48%	Added +93.4k	+93,423 1181.1%
64	AGCO CORP COM AGCO	AGCO	81,401	$9.7m0.48%	0.48%	New
65	MAPLEBEAR INC COM CART	CART	205,325	$9.7m0.48%	0.48%	Added +198.8k	+198,834 3063.2%
66	SIRIUSXM HOLDINGS INC COMMON STOCK SIRI	SIRI	328,725	$9.7m0.48%	0.48%	Reduced -69.5k	-69,466 -17.4%
67	CABOT CORP COM CBT	CBT	106,888	$9.7m0.48%	0.48%	Reduced -22.2k	-22,221 -17.2%
68	WABASH NATL CORP COM WNC	WNC	717,897	$9.7m0.48%	0.48%	Reduced -303.8k	-303,767 -29.7%
69	BLOCK H & R INC COM HRB	HRB	254,284	$9.7m0.48%	0.48%	Reduced -40.5k	-40,489 -13.7%
70	SCIENCE APPLICATIONS INTL CO COM SAIC	SAIC	87,504	$9.7m0.48%	0.48%	New
71	MICROSOFT CORP COM MSFT	MSFT	25,827	$9.6m0.48%	0.48%	Added +12.5k	+12,515 94.0%
72	UNIVERSAL HLTH SVCS INC CL B UHS	UHS	64,693	$9.6m0.48%	0.48%	Added +15.3k	+15,279 30.9%
73	TOLL BROTHERS INC COM TOL	TOL	58,308	$9.6m0.48%	0.48%	Reduced -9.2k	-9,182 -13.6%
74	VERIZON COMMUNICATIONS INC COM VZ	VZ	226,428	$9.6m0.47%	0.47%	Added +29.4k	+29,419 14.9%
75	AMERICAN FINL GROUP INC OHIO COM AFG	AFG	68,505	$9.6m0.47%	0.47%	Reduced -3.4k	-3,445 -4.8%
76	COREBRIDGE FINL INC COM CRBG	CRBG	334,676	$9.6m0.47%	0.47%	Reduced -46.0k	-45,953 -12.1%
77	TAYLOR MORRISON HOME CORP COM TMHC	TMHC	133,390	$9.6m0.47%	0.47%	Reduced -24.4k	-24,357 -15.4%
78	PLAINS GP HLDGS L P LTD PARTNR INT A PAGP	PAGP	394,010	$9.6m0.47%	0.47%	Added +19.3k	+19,301 5.2%
79	PRINCIPAL FINANCIAL GROUP IN COM PFG	PFG	88,570	$9.5m0.47%	0.47%	Reduced -14.3k	-14,307 -13.9%
80	HAVERTY FURNITURE COS INC COM HVT	HVT	373,803	$9.5m0.47%	0.47%	Reduced -72.2k	-72,223 -16.2%
81	ISHARES TR CORE S&P500 ETF IVV	IVV	12,735	$9.5m0.47%	0.47%	Added +9.0k	+8,965 237.8%
82	M & T BK CORP COM MTB	MTB	40,009	$9.5m0.47%	0.47%	Reduced -4.1k	-4,136 -9.4%
83	ASSURED GUARANTY LTD COM AGO	AGO	118,624	$9.5m0.47%	0.47%	Added +8.0k	+7,967 7.2%
84	STRATEGIC ED INC COM STRA	STRA	123,957	$9.5m0.47%	0.47%	Added +10.7k	+10,728 9.5%
85	ETHAN ALLEN INTERIORS INC COM ETD	ETD	425,012	$9.5m0.47%	0.47%	Added +9.3k	+9,315 2.2%
86	HALLIBURTON CO COM HAL	HAL	279,174	$9.5m0.47%	0.47%	Added +42.7k	+42,706 18.1%
87	EOG RES INC COM EOG	EOG	72,976	$9.5m0.47%	0.47%	Added +8.4k	+8,375 13.0%
88	FRANKLIN RESOURCES INC COM BEN	BEN	283,890	$9.4m0.47%	0.47%	Reduced -93.7k	-93,720 -24.8%
89	LITMAN GREGORY FDS TR IMGP DBI MANAGED DBMF	DBMF	307,913	$9.4m0.47%	0.47%	Added +6.4k	+6,446 2.1%
90	ABERCROMBIE & FITCH CO CL A ANF	ANF	104,668	$9.4m0.47%	0.47%	Added +1.5k	+1,548 1.5%
91	VALLEY NATL BANCORP COM VLY	VLY	643,038	$9.4m0.47%	0.47%	New
92	DIEBOLD NIXDORF INC COM SHS DBD	DBD	110,780	$9.4m0.47%	0.47%	New
93	BOYD GAMING CORP COM BYD	BYD	106,620	$9.4m0.47%	0.47%	Reduced -497	-497 -0.5%
94	METLIFE INC COM MET	MET	111,256	$9.4m0.47%	0.47%	Reduced -18.4k	-18,371 -14.2%
95	LKQ CORP COM LKQ	LKQ	357,284	$9.4m0.47%	0.47%	Added +48.6k	+48,594 15.7%
96	VIATRIS INC COM VTRS	VTRS	591,441	$9.4m0.46%	0.46%	Reduced -82.5k	-82,516 -12.2%
97	AMERIPRISE FINL INC COM AMP	AMP	20,356	$9.3m0.46%	0.46%	Added +336	+336 1.7%
98	RYDER SYS INC COM R	R	35,220	$9.3m0.46%	0.46%	Reduced -9.1k	-9,133 -20.6%
99	ADT INC DEL COM ADT	ADT	1,423,133	$9.3m0.46%	0.46%	Added +44.5k	+44,523 3.2%
100	NORTHERN TR CORP COM NTRS	NTRS	53,154	$9.2m0.46%	0.46%	Reduced -10.9k	-10,912 -17.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EXXON MOBIL CORP XOM	XOM	77,499	$13.1m77.5k shares
ISHARES TR JXI	JXI	129,313	$11.2m129.3k shares
TIDEWATER INC NEW TDW	TDW	121,297	$10.1m121.3k shares
TRI POINTE HOMES INC TPH	TPH	216,114	$10.1m216.1k shares
DOW INC DOW	DOW	230,708	$9.6m230.7k shares
INVESCO DB MULTI-SECTOR COMM DBP	DBP	87,021	$9.6m87.0k shares
PVH CORPORATION PVH	PVH	136,826	$9.5m136.8k shares
AVNET INC AVT	AVT	150,653	$9.3m150.7k shares
FIFTH THIRD BANCORP FITB	FITB	196,837	$9.1m196.8k shares
SELECT MED HLDGS CORP SEM	SEM	553,728	$9.0m553.7k shares
TIMKEN CO TKR	TKR	88,752	$8.9m88.8k shares
VILLAGE FARMS INTL INC VFF	VFF	494,893	$1.4m494.9k shares
PRIMORIS SVCS CORP PRIM	PRIM	6,318	$903.7k6.3k shares
CRONOS GROUP INC CRON	CRON	336,603	$844.9k336.6k shares
TURNING PT BRANDS INC TPB	TPB	9,360	$812.4k9.4k shares
CALIFORNIA RES CORP CRC	CRC	10,779	$746.1k10.8k shares
CAL MAINE FOODS INC CALM	CALM	8,977	$710.5k9.0k shares
UGI CORP NEW UGI	UGI	19,184	$698.7k19.2k shares
DUPONT DE NEMOURS INC DWDP	DWDP	5,079	$697.9k5.1k shares
URANIUM ENERGY CORP UEC	UEC	51,250	$691.9k51.2k shares
TELEPHONE & DATA SYS INC TDS	TDS	16,266	$684.8k16.3k shares
HONEYWELL INTL INC		1,505	$680.4k1.5k shares
IES HOLDINGS INC IESC	IESC	1,403	$668.5k1.4k shares
COUSINS PPTYS INC CUZ	CUZ	29,241	$660.0k29.2k shares
HUDSON PACIFIC PROPERTIES IN HPP	HPP	111,009	$656.1k111.0k shares