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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
+3.84%
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
$7.27B
AUM Growth
-$303M
(-4%)
Cap. Flow
-$619M
Cap. Flow
% of AUM
-8.51%
Top 10 Holdings %
Top 10 Hldgs %
57.9%
Holding
119
New
14
Increased
52
Reduced
38
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SW
Smurfit Westrock
SW
|
+$443M |
| 2 |
Alaska Air
ALK
|
+$66.3M |
| 3 |
Carnival Corporation Ltd
CCL
|
+$56.7M |
| 4 |
Infosys
INFY
|
+$38M |
| 5 |
Booz Allen Hamilton
BAH
|
+$35.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$463M |
| 2 |
B
Barrick Mining
B
|
+$360M |
| 3 |
Deutsche Bank
DB
|
+$124M |
| 4 |
NetEase
NTES
|
+$97M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$75.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.18% |
| 2 | Industrials | 17.7% |
| 3 | Financials | 17.45% |
| 4 | Technology | 8.57% |
| 5 | Healthcare | 8.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Novartis
NVS
$297B
| $267K | ﹤0.01% |
1,935
-119
| -6% | -$15.6K |
|
102
Apple
AAPL
$4.57T
| $244K | ﹤0.01% |
898
-29
| -3% | -$7.79K |
|
|
PDS
103
Precision Drilling
PDS
$974M
| $236K | ﹤0.01% |
+3,291
| New | +$202K |
|
104
Comfort Systems
FIX
$59.6B
| $227K | ﹤0.01% |
+243
| New | +$224K |
|
105
RenaissanceRe
RNR
$13.4B
| $200K | ﹤0.01% |
+712
| New | +$187K |
|
106
Korea Electric Power
KEP
$16B
| $185K | ﹤0.01% |
11,202
-1,550
| -12% | -$24.5K |
|
107
Puma Biotechnology
PBYI
$454M
| $79.2K | ﹤0.01% |
13,310
-785
| -6% | -$4.17K |
|
|
INN
108
Summit Hotel Properties
INN
$700M
| $72.3K | ﹤0.01% |
14,838
| – | – |
|
109
ADT
ADT
$5.58B
| – | – |
-10,929
| Closed | -$95.2K |
|
110
Atour Lifestyle Holdings
ATAT
$4.8B
| – | – |
-611,570
| Closed | -$23M |
|
111
iShares China Large-Cap ETF
FXI
$4.31B
| – | – |
-71,000
| Closed | -$2.92M |
|
112
iShares MSCI Saudi Arabia ETF
KSA
$621M
| – | – |
-194,437
| Closed | -$7.89M |
|
|
113
NetEase
NTES
$84.7B
| – | – |
-638,315
| Closed | -$97M |
|
114
Oracle
ORCL
$423B
| – | – |
-166,409
| Closed | -$46.8M |
|
115
Dr. Reddy's Laboratories
RDY
$10.2B
| – | – |
-159,139
| Closed | -$2.22M |
|
116
Sea Limited
SE
$69.5B
| – | – |
-153,370
| Closed | -$27.4M |
|
117
Trip.com Group
TCOM
$29.1B
| – | – |
-2,748
| Closed | -$207K |
|
118
UnitedHealth
UNH
$370B
| – | – |
-64,603
| Closed | -$22.3M |
|
119
XP
XP
$8.39B
| – | – |
-2,538,130
| Closed | -$47.7M |
|
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Causeway Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Causeway Capital Management held 119 positions worth $7.27B, down 4% from $7.57B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Causeway Capital Management withdrew a net $619M in Q4 2025, closing 11 positions and reducing 38 holdings. Its most notable exit was NetEase, an estimated $97M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, up from 23% a quarter earlier, followed by Industrials and Financials.
Against the trend, Causeway Capital Management opened a new position in Alaska Air worth $72.2M.
- Causeway Capital Management's largest Q4 2025 buy was Alaska Air: 1,434,517 shares worth $72.2M.
- Causeway Capital Management added most to Smurfit Westrock in Q4 2025, an estimated $443M increase.
- Causeway Capital Management's biggest Q4 2025 reduction was iShares MSCI EAFE ETF, cutting an estimated $463M.
- Causeway Capital Management fully exited NetEase in Q4 2025, selling an estimated $97M.
- Causeway Capital Management's ten largest holdings make up 58% of its $7.27B portfolio in Q4 2025.
- Causeway Capital Management opened 14 new positions and closed 11 in Q4 2025.
- Causeway Capital Management's portfolio value fell 4% quarter-over-quarter to $7.27B.
Based on Causeway Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.