CCM

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
+15.44%
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
$6.32B
AUM Growth
+$1.53B
Cap. Flow
+$866M
Cap. Flow %
13.71%
Top 10 Hldgs %
60.28%
Holding
107
New
17
Increased
44
Reduced
33
Closed
8
Avg Time Held
2.9 years
Top 10 Avg Time Held
0.8 years
Top 20 Avg Time Held
1.1 years

Top Buys

Rank Stock Value
1
DB icon
Deutsche Bank
DB
+$470M
2
SW icon
Smurfit Westrock
SW
+$185M
3
B icon
Barrick Mining
B
+$114M
4
CCL icon
Carnival Corporation Ltd
CCL
+$54.9M
5
NTES icon
NetEase
NTES
+$50.8M

Top Sells

Rank Stock Value
1
CP icon
Canadian Pacific Kansas City
CP
+$194M
2
INFY icon
Infosys
INFY
+$42M
3
ORCL icon
Oracle
ORCL
+$34.6M
4
DIS icon
Walt Disney
DIS
+$34.3M
5
ZBH icon
Zimmer Biomet
ZBH
+$22M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 24.05%
2 Industrials 19.36%
3 Financials 19.15%
4 Materials 8.19%
5 Technology 8.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
CP icon
1
Canadian Pacific Kansas City
CP
$75.1B
$1.16B 18.42%
14,680,499
-2,528,289
-15% -$194M
2023 Q3
7 quarters
CCL icon
2
Carnival Corporation Ltd
CCL
$34.7B
$819M 12.96%
29,128,074
+2,563,008
+10% +$54.9M
2025 Q1
1 quarter
DB icon
3
Deutsche Bank
DB
$61.4B
$570M 9.03%
19,315,143
+17,801,643
+1,176% +$470M
2025 Q1
1 quarter
B icon
4
Barrick Mining
B
$63.3B
$367M 5.8%
17,653,416
+5,814,589
+49% +$114M
2024 Q4
2 quarters
SW icon
5
Smurfit Westrock
SW
$21.3B
$303M 4.79%
7,015,694
+4,321,850
+160% +$185M
2024 Q3
3 quarters
BABA icon
6
Alibaba
BABA
$275B
$141M 2.23%
1,242,469
-113,541
-8% -$13.4M
2015 Q4
38 quarters
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.21T
$128M 2.03%
721,546
+24,193
+3% +$4M
2020 Q3
19 quarters
TSM icon
8
TSMC
TSM
$2.23T
$117M 1.86%
517,815
-1,830
-0.4% -$339K
2013 Q2
48 quarters
C icon
9
Citigroup
C
$206B
$107M 1.7%
1,259,978
-90,929
-7% -$6.57M
2013 Q2
48 quarters
CTSH icon
10
Cognizant
CTSH
$28.2B
$92.2M 1.46%
1,181,358
+263,483
+29% +$20.2M
2024 Q2
4 quarters
BCS icon
11
Barclays
BCS
$75.4B
$86.7M 1.37%
4,664,178
+152,236
+3% +$2.52M
2013 Q2
48 quarters
ADI icon
12
Analog Devices
ADI
$195B
$84.6M 1.34%
355,604
-68,421
-16% -$14.2M
2023 Q4
6 quarters
MRK icon
13
Merck
MRK
$363B
$77.8M 1.23%
982,660
+84,791
+9% +$6.74M
2024 Q4
2 quarters
DIS icon
14
Walt Disney
DIS
$187B
$77.3M 1.22%
623,677
-330,175
-35% -$34.3M
2020 Q1
21 quarters
META icon
15
Meta Platforms (Facebook)
META
$1.88T
$70.5M 1.12%
95,570
-9,915
-9% -$6.13M
2021 Q2
16 quarters
AZN icon
16
AstraZeneca
AZN
$252B
$66.6M 1.05%
476,724
+47,780
+11% +$6.7M
2021 Q2
16 quarters
AXS icon
17
AXIS Capital
AXS
$7.14B
$65.9M 1.04%
634,981
-92,113
-13% -$9.17M
2024 Q3
3 quarters
G icon
18
Genpact
G
$5.85B
$63M 1%
1,431,171
+486,511
+52% +$22M
2020 Q2
20 quarters
BIIB icon
19
Biogen
BIIB
$34.3B
$62M 0.98%
493,355
+59,838
+14% +$7.46M
2024 Q4
2 quarters
ORCL icon
20
Oracle
ORCL
$396B
$60.6M 0.96%
277,286
-214,547
-44% -$34.6M
2024 Q1
5 quarters
JD icon
21
JD.com
JD
$35.9B
$60.5M 0.96%
1,854,381
+57,147
+3% +$1.95M
2023 Q4
6 quarters
NTES icon
22
NetEase
NTES
$79.1B
$59.4M 0.94%
+441,494
New +$50.8M
2025 Q2
0 quarters
QFIN icon
23
Qfin Holdings
QFIN
$694M
$57M 0.9%
1,314,163
+6,890
+0.5% +$287K
2020 Q3
19 quarters
ZBH icon
24
Zimmer Biomet
ZBH
$17.3B
$52.7M 0.83%
578,238
-227,271
-28% -$22M
2021 Q4
14 quarters
APTV icon
25
Aptiv
APTV
$8.99B
$49M 0.78%
718,696
-142,048
-17% -$8.8M
2023 Q4
6 quarters
1
2 3 4 5

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OPERF
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FT
Fiduciary Trust Boston, Massachusetts $9.19B AUM 25.65% 1-Year Est. Return
MU
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CF
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PA
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UBP
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SIMG
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Causeway Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Causeway Capital Management held 107 positions worth $6.32B, up 32% from $4.78B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Causeway Capital Management deployed $866M of net new capital in Q2 2025, opening 17 new positions and adding to 44 existing holdings. Its largest new stake was NetEase: 441,494 shares worth $59.4M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, up from 22% a quarter earlier, followed by Industrials and Financials.

On the sell side, the largest reduction was Canadian Pacific Kansas City, an estimated $194M trimmed.

  • Causeway Capital Management's largest Q2 2025 buy was NetEase: 441,494 shares worth $59.4M.
  • Causeway Capital Management added most to Deutsche Bank in Q2 2025, an estimated $470M increase.
  • Causeway Capital Management's biggest Q2 2025 reduction was Canadian Pacific Kansas City, cutting an estimated $194M.
  • Causeway Capital Management fully exited Quest Diagnostics in Q2 2025, selling an estimated $20.4M.
  • Causeway Capital Management's ten largest holdings make up 60% of its $6.32B portfolio in Q2 2025.
  • Causeway Capital Management opened 17 new positions and closed 8 in Q2 2025.
  • Causeway Capital Management's portfolio value rose 32% quarter-over-quarter to $6.32B.

Based on Causeway Capital Management's 13F filing for Q2 2025, filed 13 Aug 2025.