Cambiar Plans to Keep New Honeywell Aerospace Position
The fund says the aerospace spinoff offers exposure to commercial aviation and global defense spending as shares remain well below their recent level.
Cambiar Opportunity Fund plans to hold Honeywell Aerospace, a new position added during the second quarter of 2026. In its investor letter, the fund pointed to the company’s exposure to commercial aerospace and global defense spending.
Honeywell Aerospace was spun off from Honeywell International in June 2026. Cambiar said it expects to hold the spinoff, along with its parent company, despite often selling spinoffs when their market value or position size is small.
Honeywell Aerospace closed at $154.97 on Sept. 30, the article reported, and had fallen 37.30% over three months. As of 16:54 UTC on Oct. 1, the shares traded at $153.81, down 0.75% since the previous close.
The letter also noted that Cambiar’s Opportunity Fund gained 11.58% in the second quarter, compared with a 13.87% gain for the Russell 1000 Value Index. The fund said it had been underweight in technology.
This article was produced with the help of AI technology.
Source: Yahoo Finance
