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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
-0.76%
1 Year Est. Return
+29.28%
3 Year Est. Return
+68.26%
5 Year Est. Return
+63.05%
10 Year Est. Return
+255.95%
AUM
$9.14B
AUM Growth
-$764M
(-7.7%)
Cap. Flow
-$516M
Cap. Flow
% of AUM
-5.65%
Top 10 Holdings %
Top 10 Hldgs %
53.47%
Holding
96
New
7
Increased
33
Reduced
34
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ryanair
RYAAY
|
+$280M |
| 2 |
GE Aerospace
GE
|
+$68.9M |
| 3 |
TD Synnex
SNX
|
+$63.9M |
| 4 |
Marathon Petroleum
MPC
|
+$52.8M |
| 5 |
Yum China
YUMC
|
+$51.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Manulife Financial
MFC
|
+$474M |
| 2 |
Linde
LIN
|
+$305M |
| 3 |
Oracle
ORCL
|
+$90.2M |
| 4 |
Citigroup
C
|
+$45.6M |
| 5 |
Mondelez International
MDLZ
|
+$43.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.57% |
| 2 | Materials | 15.48% |
| 3 | Financials | 14.8% |
| 4 | Energy | 13.29% |
| 5 | Communication Services | 11.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Linde
LIN
$237B
| $1.25B | 13.67% |
6,219,701
-1,628,561
| -21% | -$305M |
|
2
Ovintiv
OVV
$17.7B
| $635M | 6.95% |
24,744,000
+1,271,282
| +5% | +$39.7M |
|
3
Baidu
BIDU
$35.8B
| $623M | 6.82% |
5,307,607
-34,489
| -0.6% | -$4.91M |
|
4
Gildan
GIL
$9.25B
| $556M | 6.08% |
14,368,243
-660,523
| -4% | -$24.7M |
|
|
5
Manulife Financial
MFC
$72.6B
| $383M | 4.19% |
21,045,854
-26,637,346
| -56% | -$474M |
|
6
Alibaba
BABA
$269B
| $342M | 3.75% |
2,020,772
+41,154
| +2% | +$7.1M |
|
|
7
Ryanair
RYAAY
$29.5B
| $307M | 3.36% |
11,964,270
+9,890,535
| +477% | +$280M |
|
8
Sabre
SABR
$656M
| $270M | 2.96% |
12,173,825
+308,100
| +3% | +$6.61M |
|
9
Alaska Air
ALK
$5.15B
| $265M | 2.9% |
4,142,076
-195,438
| -5% | -$11.9M |
|
10
TSMC
TSM
$2.09T
| $257M | 2.81% |
6,549,982
+484,910
| +8% | +$20M |
|
|
11
Citigroup
C
$222B
| $236M | 2.58% |
3,369,000
-680,746
| -17% | -$45.6M |
|
|
12
Marathon Petroleum
MPC
$90.3B
| $226M | 2.47% |
4,039,782
+964,519
| +31% | +$52.8M |
|
|
13
Oracle
ORCL
$331B
| $220M | 2.41% |
3,869,153
-1,666,299
| -30% | -$90.2M |
|
14
Canadian Imperial Bank of Commerce
CM
$107B
| $216M | 2.37% |
5,503,304
-70,548
| -1% | -$2.84M |
|
15
Halliburton
HAL
$27.9B
| $210M | 2.3% |
9,238,395
-180,244
| -2% | -$4.68M |
|
|
16
TD Synnex
SNX
$19.4B
| $210M | 2.3% |
4,269,168
+1,287,746
| +43% | +$63.9M |
|
17
Microsoft
MSFT
$2.84T
| $193M | 2.11% |
1,441,196
-222,962
| -13% | -$28.3M |
|
18
Leidos
LDOS
$14.1B
| $172M | 1.88% |
2,149,505
-118,974
| -5% | -$8.69M |
|
19
Flowserve
FLS
$9.25B
| $167M | 1.83% |
3,172,748
-426,147
| -12% | -$20.9M |
|
20
FirstEnergy
FE
$28.9B
| $162M | 1.77% |
3,788,049
+638,636
| +20% | +$26.8M |
|
21
Merck
MRK
$324B
| $148M | 1.62% |
1,844,538
+17,906
| +1% | +$1.37M |
|
|
VIAB
22
DELISTED
Viacom Inc. Class B
VIAB
| $147M | 1.61% |
4,918,585
+132,653
| +3% | +$3.88M |
|
|
23
Mondelez International
MDLZ
$77.7B
| $139M | 1.52% |
2,573,849
-839,612
| -25% | -$43.6M |
|
24
Zimmer Biomet
ZBH
$17.7B
| $130M | 1.42% |
1,138,835
+58,702
| +5% | +$6.88M |
|
25
Vale
VALE
$62.9B
| $110M | 1.2% |
8,163,957
-74,395
| -0.9% | -$954K |
|
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Causeway Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Causeway Capital Management held 96 positions worth $9.14B, down 7.7% from $9.9B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Causeway Capital Management withdrew a net $516M in Q2 2019, closing 9 positions and reducing 34 holdings. Its most notable exit was iShares MSCI Emerging Markets ETF, an estimated $41.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 14% a quarter earlier, followed by Materials and Financials.
Against the trend, Causeway Capital Management opened a new position in GE Aerospace worth $73.3M.
- Causeway Capital Management's largest Q2 2019 buy was GE Aerospace: 1,400,509 shares worth $73.3M.
- Causeway Capital Management added most to Ryanair in Q2 2019, an estimated $280M increase.
- Causeway Capital Management's biggest Q2 2019 reduction was Manulife Financial, cutting an estimated $474M.
- Causeway Capital Management fully exited iShares MSCI Emerging Markets ETF in Q2 2019, selling an estimated $41.6M.
- Causeway Capital Management's ten largest holdings make up 53% of its $9.14B portfolio in Q2 2019.
- Causeway Capital Management opened 7 new positions and closed 9 in Q2 2019.
- Causeway Capital Management's portfolio value fell 7.7% quarter-over-quarter to $9.14B.
Based on Causeway Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.