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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
+20.46%
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
$5.55B
AUM Growth
-$706M
(-11%)
Cap. Flow
-$1.69B
Cap. Flow
% of AUM
-30.37%
Top 10 Holdings %
Top 10 Hldgs %
57.56%
Holding
93
New
8
Increased
18
Reduced
52
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Jones Lang LaSalle
JLL
|
+$60.8M |
| 2 |
Coca-Cola Europacific Partners
CCEP
|
+$50.8M |
| 3 |
Genpact
G
|
+$40.7M |
| 4 |
Essent Group
ESNT
|
+$35.5M |
| 5 |
Reinsurance Group of America
RGA
|
+$19.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Linde
LIN
|
+$294M |
| 2 |
Manulife Financial
MFC
|
+$208M |
| 3 |
Canadian Imperial Bank of Commerce
CM
|
+$163M |
| 4 |
Microsoft
MSFT
|
+$89.7M |
| 5 |
TD Synnex
SNX
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.22% |
| 2 | Communication Services | 18.78% |
| 3 | Industrials | 15.51% |
| 4 | Materials | 13.78% |
| 5 | Consumer Discretionary | 11.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Baidu
BIDU
$35.7B
| $729M | 13.13% |
6,081,490
-621,198
| -9% | -$66.5M |
|
2
Ryanair
RYAAY
$30B
| $560M | 10.09% |
21,113,633
+550,855
| +3% | +$13.9M |
|
|
3
Linde
LIN
$236B
| $528M | 9.51% |
2,490,923
-1,523,283
| -38% | -$294M |
|
4
Alibaba
BABA
$276B
| $420M | 7.57% |
1,949,223
-219,173
| -10% | -$45.6M |
|
5
TSMC
TSM
$1.94T
| $294M | 5.3% |
5,184,417
-1,052,900
| -17% | -$55.5M |
|
|
6
Coca-Cola Europacific Partners
CCEP
$49B
| $168M | 3.02% |
4,442,140
+1,294,229
| +41% | +$50.8M |
|
|
7
TD Synnex
SNX
$19.9B
| $142M | 2.56% |
2,375,282
-1,767,536
| -43% | -$82.6M |
|
8
JD.com
JD
$43.5B
| $124M | 2.24% |
2,066,152
-185,000
| -8% | -$9.37M |
|
9
Citigroup
C
$213B
| $116M | 2.08% |
2,264,759
-1,422,138
| -39% | -$67.5M |
|
10
Oracle
ORCL
$339B
| $114M | 2.05% |
2,063,212
-1,364,501
| -40% | -$72.3M |
|
11
Leidos
LDOS
$14.4B
| $111M | 1.99% |
1,181,930
-611,292
| -34% | -$60.2M |
|
12
Ashland
ASH
$3.33B
| $110M | 1.97% |
1,585,975
-965,261
| -38% | -$59.9M |
|
13
GE Aerospace
GE
$364B
| $102M | 1.83% |
2,992,165
-977,209
| -25% | -$33M |
|
14
FedEx
FDX
$73B
| $101M | 1.82% |
720,026
-585,799
| -45% | -$73.7M |
|
|
15
Microsoft
MSFT
$2.91T
| $94.7M | 1.71% |
465,322
-494,080
| -51% | -$89.7M |
|
|
16
Reinsurance Group of America
RGA
$15.5B
| $90.3M | 1.63% |
1,150,905
+207,397
| +22% | +$19.1M |
|
|
SPR
17
DELISTED
Spirit AeroSystems
SPR
| $81.9M | 1.47% |
3,420,010
+143,244
| +4% | +$3.25M |
|
18
Broadcom
AVGO
$1.76T
| $81.8M | 1.47% |
2,591,650
-1,654,770
| -39% | -$46.3M |
|
19
Sabre
SABR
$716M
| $78.6M | 1.42% |
9,749,142
-6,164,271
| -39% | -$43.7M |
|
|
PARA
20
DELISTED
Paramount Global Class B
PARA
| $68.4M | 1.23% |
2,933,834
-1,911,959
| -39% | -$36.9M |
|
21
Vale
VALE
$62.3B
| $67.9M | 1.22% |
6,587,364
-732,041
| -10% | -$6.7M |
|
22
NetEase
NTES
$83B
| $66.9M | 1.21% |
779,500
-13,000
| -2% | -$979K |
|
23
New Oriental
EDU
$9.31B
| $63.3M | 1.14% |
486,008
-195,000
| -29% | -$23.8M |
|
24
Merck
MRK
$322B
| $63M | 1.13% |
853,150
-671,734
| -44% | -$50.6M |
|
|
25
Jones Lang LaSalle
JLL
$15.8B
| $61M | 1.1% |
+589,971
| New | +$60.8M |
|
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Causeway Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Causeway Capital Management held 93 positions worth $5.55B, down 11% from $6.26B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Causeway Capital Management withdrew a net $1.69B in Q2 2020, closing 14 positions and reducing 52 holdings. Its most notable exit was Manulife Financial, an estimated $208M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Causeway Capital Management opened a new position in Jones Lang LaSalle worth $61M.
- Causeway Capital Management's largest Q2 2020 buy was Jones Lang LaSalle: 589,971 shares worth $61M.
- Causeway Capital Management added most to Coca-Cola Europacific Partners in Q2 2020, an estimated $50.8M increase.
- Causeway Capital Management's biggest Q2 2020 reduction was Linde, cutting an estimated $294M.
- Causeway Capital Management fully exited Manulife Financial in Q2 2020, selling an estimated $208M.
- Causeway Capital Management's ten largest holdings make up 58% of its $5.55B portfolio in Q2 2020.
- Causeway Capital Management opened 8 new positions and closed 14 in Q2 2020.
- Causeway Capital Management's portfolio value fell 11% quarter-over-quarter to $5.55B.
Based on Causeway Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.