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CCM
Causeway Capital Management Portfolio holdings
AUM
$8.15B
1-Year Est. Return
29.28%
This Fund
S&P 500
This Quarter
Est. Return
+5.46%
1 Year Est. Return
+29.28%
3 Year Est. Return
+68.26%
5 Year Est. Return
+63.05%
10 Year Est. Return
+455.77%
AUM
$3.8B
AUM Growth
-$370M
(-8.9%)
Cap. Flow
-$540M
Cap. Flow
% of AUM
-14.22%
Top 10 Holdings %
Top 10 Hldgs %
54.45%
Holding
90
New
9
Increased
32
Reduced
39
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AbbVie
ABBV
|
+$49.7M |
| 2 |
Quest Diagnostics
DGX
|
+$42.5M |
| 3 |
CSX Corp
CSX
|
+$31.5M |
| 4 |
Avantor
AVTR
|
+$23M |
| 5 |
Genpact
G
|
+$21.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian National Railway
CNI
|
+$219M |
| 2 |
Ryanair
RYAAY
|
+$175M |
| 3 |
TSMC
TSM
|
+$123M |
| 4 |
Credicorp
BAP
|
+$50.9M |
| 5 |
Banco Bradesco
BBD
|
+$33.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 33.7% |
| 2 | Financials | 15.5% |
| 3 | Technology | 14.66% |
| 4 | Communication Services | 9.06% |
| 5 | Healthcare | 7.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
TORM
TRMD
$3.02B
| $3.28M | 0.09% |
136,465
+124,745
| +1,064% | +$3.47M |
|
77
iShares MSCI India ETF
INDA
$6.63B
| $2.9M | 0.08% |
66,249
-36,888
| -36% | -$1.53M |
|
|
HIMX
78
Himax Technologies
HIMX
$2.55B
| $1.74M | 0.05% |
258,200
-808,051
| -76% | -$5.67M |
|
79
United Microelectronic
UMC
$46.9B
| $1.74M | 0.05% |
220,778
+105,549
| +92% | +$870K |
|
80
KB Financial Group
KB
$43.5B
| $958K | 0.03% |
26,332
| – | – |
|
81
Wipro
WIT
$20B
| $474K | 0.01% |
200,860
-4,692
| -2% | -$10.9K |
|
82
iShares MSCI ACWI ETF
ACWI
$33.5B
| – | – |
-10,057
| Closed | -$917K |
|
|
83
Credicorp
BAP
$30.7B
| – | – |
-384,722
| Closed | -$50.9M |
|
|
CGAU
84
Centerra Gold
CGAU
$4.15B
| – | – |
-37,000
| Closed | -$239K |
|
85
JD.com
JD
$44.5B
| – | – |
-464,782
| Closed | -$20.4M |
|
86
Las Vegas Sands
LVS
$29.6B
| – | – |
-282,413
| Closed | -$16.2M |
|
87
POSCO
PKX
$17.5B
| – | – |
-129,209
| Closed | -$9M |
|
88
iShares MSCI India Small-Cap ETF
SMIN
$776M
| – | – |
-14,401
| Closed | -$716K |
|
89
TotalEnergies
TTE
$190B
| – | – |
-137,490
| Closed | -$8.12M |
|
|
VRN
90
DELISTED
Veren
VRN
| – | – |
-321,594
| Closed | -$2.27M |
|
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Causeway Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Causeway Capital Management held 90 positions worth $3.8B, down 8.9% from $4.17B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Causeway Capital Management withdrew a net $540M in Q2 2023, closing 9 positions and reducing 39 holdings. Its most notable exit was Credicorp, an estimated $50.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 34% of assets, down from 36% a quarter earlier, followed by Financials and Technology.
Against the trend, Causeway Capital Management opened a new position in AbbVie worth $45.7M.
- Causeway Capital Management's largest Q2 2023 buy was AbbVie: 339,060 shares worth $45.7M.
- Causeway Capital Management added most to Avantor in Q2 2023, an estimated $23M increase.
- Causeway Capital Management's biggest Q2 2023 reduction was Canadian National Railway, cutting an estimated $219M.
- Causeway Capital Management fully exited Credicorp in Q2 2023, selling an estimated $50.9M.
- Causeway Capital Management's ten largest holdings make up 54% of its $3.8B portfolio in Q2 2023.
- Causeway Capital Management opened 9 new positions and closed 9 in Q2 2023.
- Causeway Capital Management's portfolio value fell 8.9% quarter-over-quarter to $3.8B.
Based on Causeway Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.