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Causeway Capital Management Portfolio holdings
AUM
$9.24B
Turnover
22.48%
1-Year Est. Return
21.27%
This Fund
S&P 500
This Quarter
Est. Return
+14.34%
1 Year Est. Return
+21.27%
3 Year Est. Return
+72.78%
5 Year Est. Return
+71.25%
10 Year Est. Return
+282.28%
AUM
$3.93B
AUM Growth
+$139M
(+3.7%)
Cap. Flow
-$320M
Cap. Flow
% of AUM
-8.14%
Top 10 Holdings %
Top 10 Hldgs %
44.97%
Holding
99
New
10
Increased
43
Reduced
31
Closed
10
Avg Time Held
2.8
years
Top 10 Avg Time Held
0.9
years
Top 20 Avg Time Held
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Pacific Kansas City
CP
|
+$108M |
| 2 |
Analog Devices
ADI
|
+$47M |
| 3 |
Seagate
STX
|
+$34.2M |
| 4 |
Aptiv
APTV
|
+$31.3M |
| 5 |
Petrobras Class A
PBR.A
|
+$20.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$330M |
| 2 |
UBS Group
UBS
|
+$110M |
| 3 |
Ryanair
RYAAY
|
+$78M |
| 4 |
Mondelez International
MDLZ
|
+$53.6M |
| 5 |
Banco Bradesco
BBD
|
+$35.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.88% |
| 2 | Financials | 16.11% |
| 3 | Technology | 15.48% |
| 4 | Healthcare | 10.72% |
| 5 | Communication Services | 7.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Ryanair
RYAAY
$27B
| $454M | 11.57% |
8,517,950
-1,776,255
| -17% | -$78M |
2016 Q3
29 quarters
|
|
|
2
Canadian Pacific Kansas City
CP
$76.4B
| $442M | 11.26% |
5,561,777
+1,470,042
| +36% | +$108M |
2023 Q3
1 quarter
|
|
|
3
Banco Bradesco
BBD
$45B
| $184M | 4.69% |
52,618,058
-11,453,994
| -18% | -$35.9M |
2022 Q4
4 quarters
|
|
|
4
UBS Group
UBS
$146B
| $149M | 3.8% |
4,809,753
-4,188,922
| -47% | -$110M |
2023 Q1
3 quarters
|
|
5
Walt Disney
DIS
$191B
| $99.5M | 2.53% |
1,102,237
+13,695
| +1% | +$1.21M |
2020 Q1
15 quarters
|
|
6
Pinduoduo
PDD
$117B
| $96.2M | 2.45% |
657,517
-6,380
| -1% | -$774K |
2022 Q2
6 quarters
|
|
7
Alphabet (Google) Class C
GOOG
$4.22T
| $93.3M | 2.38% |
661,944
-39,290
| -6% | -$5.33M |
2020 Q3
13 quarters
|
|
8
TD Synnex
SNX
$20.4B
| $85.9M | 2.19% |
798,400
+20,033
| +3% | +$1.97M |
2021 Q4
8 quarters
|
|
9
Genpact
G
$6.29B
| $82.7M | 2.11% |
2,382,617
+223,407
| +10% | +$7.71M |
2020 Q2
14 quarters
|
|
10
Citigroup
C
$207B
| $78.7M | 2% |
1,529,941
+5,347
| +0.4% | +$237K |
2013 Q2
42 quarters
|
|
11
International Flavors & Fragrances
IFF
$23B
| $78.1M | 1.99% |
964,184
+208,833
| +28% | +$15.1M |
2023 Q3
1 quarter
|
|
12
Zebra Technologies
ZBRA
$17.9B
| $76.7M | 1.95% |
280,774
+73,631
| +36% | +$16.8M |
2023 Q3
1 quarter
|
|
13
Alibaba
BABA
$276B
| $72.5M | 1.85% |
935,720
-194,028
| -17% | -$15.5M |
2015 Q4
32 quarters
|
|
14
Fiserv Inc
FISV
$25.1B
| $71.7M | 1.83% |
540,050
-123,180
| -19% | -$15.1M |
2020 Q4
12 quarters
|
|
15
Jones Lang LaSalle
JLL
$14.3B
| $69.4M | 1.77% |
367,362
+48,476
| +15% | +$7.33M |
2022 Q2
6 quarters
|
|
16
Zimmer Biomet
ZBH
$18B
| $68.7M | 1.75% |
564,669
+158,806
| +39% | +$17.7M |
2021 Q4
8 quarters
|
|
17
Quest Diagnostics
DGX
$26.4B
| $67.9M | 1.73% |
492,707
+3,013
| +0.6% | +$396K |
2023 Q2
2 quarters
|
|
18
AbbVie
ABBV
$501B
| $62.4M | 1.59% |
402,866
+5,683
| +1% | +$829K |
2023 Q2
2 quarters
|
|
|
19
Petrobras Class A
PBR.A
$146B
| $62M | 1.58% |
4,058,598
+1,434,494
| +55% | +$20.6M |
2023 Q3
1 quarter
|
|
20
Avantor
AVTR
$10.9B
| $58.4M | 1.49% |
2,559,572
-13,427
| -0.5% | -$275K |
2022 Q3
5 quarters
|
|
21
PG&E
PCG
$38.9B
| $57.3M | 1.46% |
3,177,705
+689,911
| +28% | +$11.6M |
2023 Q1
3 quarters
|
|
22
CSX Corp
CSX
$90.2B
| $55.9M | 1.42% |
1,611,661
+250,270
| +18% | +$7.97M |
2023 Q2
2 quarters
|
|
23
Tyson Foods
TSN
$19B
| $53.8M | 1.37% |
1,000,568
+393,860
| +65% | +$19.1M |
2023 Q2
2 quarters
|
|
24
Meta Platforms (Facebook)
META
$1.88T
| $53.2M | 1.36% |
150,405
-3,593
| -2% | -$1.17M |
2021 Q2
10 quarters
|
|
25
Vipshop
VIPS
$6.26B
| $53M | 1.35% |
2,986,610
-63,846
| -2% | -$996K |
2022 Q3
5 quarters
|
|
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Causeway Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Causeway Capital Management held 99 positions worth $3.93B, up 3.7% from $3.79B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Causeway Capital Management withdrew a net $320M in Q4 2023, closing 10 positions and reducing 31 holdings. Its most notable exit was iShares MSCI EAFE ETF, an estimated $330M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 20% a quarter earlier, followed by Financials and Technology.
Against the trend, Causeway Capital Management opened a new position in Analog Devices worth $52.2M.
- Causeway Capital Management's largest Q4 2023 buy was Analog Devices: 263,109 shares worth $52.2M.
- Causeway Capital Management added most to Canadian Pacific Kansas City in Q4 2023, an estimated $108M increase.
- Causeway Capital Management's biggest Q4 2023 reduction was UBS Group, cutting an estimated $110M.
- Causeway Capital Management fully exited iShares MSCI EAFE ETF in Q4 2023, selling an estimated $330M.
- Causeway Capital Management's ten largest holdings make up 45% of its $3.93B portfolio in Q4 2023.
- Causeway Capital Management opened 10 new positions and closed 10 in Q4 2023.
- Causeway Capital Management's portfolio value rose 3.7% quarter-over-quarter to $3.93B.
Based on Causeway Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.