Causeway Capital Management LLC 13F holdings
Causeway Capital Management LLC reported 122 positions with a total reported value of $9.2B as of 2026-06-30, in its 13F for Q2 2026, filed 2026-08-13. Top holdings by reported value: AZN ASTRAZENECA PLC (19.0%), CCL CARNIVAL CORP LTD (12.7%), DB DEUTSCHE BANK AG (10.8%), SW SMURFIT WESTROCK PLC (7.5%), CP CANADIAN PACIFIC KANSAS CITY LTD (6.3%). Against 2026-03-31 it opened 22 new positions and exited 7. Next 13F due by 2026-11-14, the legal deadline 45 days after the quarter ending 2026-09-30.
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Top holdings
25 largest of 122 positions · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| AZN ASTRAZENECA PLC | 9,357,390 | $1.8B | 19.0% |
| CCL CARNIVAL CORP LTD | 41,190,606 | $1.2B | 12.7% |
| DB DEUTSCHE BANK AG | 29,358,318 | $994.2M | 10.8% |
| SW SMURFIT WESTROCK PLC | 15,039,041 | $695.7M | 7.5% |
| CP CANADIAN PACIFIC KANSAS CITY LTD | 6,711,483 | $581.7M | 6.3% |
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 532,052 | $254.1M | 2.8% |
| ALK ALASKA AIR GROUP INC | 3,183,163 | $166.2M | 1.8% |
| CARR CARRIER GLOBAL CORP | 2,178,506 | $159.8M | 1.7% |
| LYV LIVE NATION ENTERTAINMENT INC | 706,301 | $129.3M | 1.4% |
| MRK MERCK & CO INC | 954,932 | $122.7M | 1.3% |
| META META PLATFORMS INC | 201,459 | $113.5M | 1.2% |
| GOOGL ALPHABET INC | 316,217 | $111.7M | 1.2% |
| BCS BARCLAYS PLC | 3,975,718 | $106.8M | 1.2% |
| BAP CREDICORP LTD | 255,436 | $99.5M | 1.1% |
| SAP SAP SE | 629,801 | $97.1M | 1.1% |
| BABA ALIBABA GROUP HOLDING LTD | 995,040 | $95.5M | 1.0% |
| AXIS CAPITAL HOLDINGS LTD | 859,727 | $92.4M | 1.0% |
| EG EVEREST GROUP LTD | 252,702 | $90.3M | 1.0% |
| IR INGERSOLL RAND INC | 1,033,693 | $84.8M | 0.9% |
| PHG KONINKLIJKE PHILIPS NV | 3,061,962 | $83.3M | 0.9% |
| NVO NOVO NORDISK A/S | 1,677,615 | $80.4M | 0.9% |
| JLL JONES LANG LASALLE INC | 248,252 | $76.9M | 0.8% |
| CITIZENS FINANCIAL GROUP INC | 1,077,093 | $75.5M | 0.8% |
| NTES NETEASE INC | 572,412 | $73.3M | 0.8% |
| DEO DIAGEO PLC | 899,015 | $72.3M | 0.8% |
SEC FORM 13F · Q2 2026 · VALUES AS REPORTED, NOT PRICES
New positions this quarter
Held at 2026-06-30, not at 2026-03-31 · 22 in all · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| NTES NETEASE INC | 572,412 | $73.3M | 0.8% |
| BSX BOSTON SCIENTIFIC CORP | 720,339 | $30.7M | 0.3% |
| JD JD.COM INC | 1,199,207 | $30.6M | 0.3% |
| HTHT H WORLD GROUP LTD | 570,437 | $23.8M | 0.3% |
| OGC OCEANAGOLD CORP | 911,012 | $22.8M | 0.2% |
| ARCO ARCOS DORADOS HOLDINGS INC | 1,961,513 | $15.8M | 0.2% |
| TD TORONTO-DOMINION BANK/THE | 97,238 | $11.8M | 0.1% |
| CM CANADIAN IMPERIAL BANK OF COMMERCE | 83,789 | $9.6M | 0.1% |
| SU SUNCOR ENERGY INC | 138,526 | $7.4M | <0.1% |
| ISHARES MSCI EMERGING MARKETS ETF | 74,974 | $5.1M | <0.1% |
| STN STANTEC INC | 56,200 | $3.9M | <0.1% |
| GLBE GLOBAL-E ONLINE LTD | 102,195 | $3.5M | <0.1% |
| MAGNA INTERNATIONAL INC | 45,900 | $3.0M | <0.1% |
| IAG IAMGOLD CORP | 172,916 | $2.7M | <0.1% |
| OTEX OPEN TEXT CORP | 36,500 | $807.6K | <0.1% |
| CANADIAN NATURAL RESOURCES LTD | 18,400 | $727.8K | <0.1% |
| INTR INTER & CO INC | 100,618 | $546.4K | <0.1% |
| ORLA MINING LTD | 52,100 | $509.3K | <0.1% |
| LRCX LAM RESEARCH CORP | 816 | $353.6K | <0.1% |
| TRMD TORM PLC | 11,244 | $290.0K | <0.1% |
| SLM SLM CORP | 8,774 | $227.6K | <0.1% |
| VICI PROPERTIES INC | 7,985 | $212.0K | <0.1% |
Sold out
Held at 2026-03-31, gone by 2026-06-30 · 7 in all · reported value as of 2026-03-31
| Holding | Shares 2026-03-31 | Reported value | % of portfolio then |
|---|---|---|---|
| WHR WHIRLPOOL CORP | 1,201,993 | $64.8M | 0.8% |
| APTV APTIV PLC | 683,463 | $47.5M | 0.6% |
| PDD PDD HOLDINGS INC | 237,010 | $24.2M | 0.3% |
| TME TENCENT MUSIC ENTERTAINMENT GROUP | 612,900 | $5.7M | <0.1% |
| QFIN QFIN HOLDINGS INC | 330,288 | $4.3M | <0.1% |
| EFXT ENERFLEX LTD | 52,946 | $1.1M | <0.1% |
| JBS JBS NV | 20,994 | $377.1K | <0.1% |
Biggest increases and decreases
Positions held at both quarter ends, by change in shares · reported value as of 2026-06-30
Increases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| AZN ASTRAZENECA PLC | 7,421,749 | 9,357,390 | +26.1% | $1.8B |
| DB DEUTSCHE BANK AG | 24,962,034 | 29,358,318 | +17.6% | $994.2M |
| CCL CARNIVAL CORP LTD | 37,096,593 | 41,190,606 | +11.0% | $1.2B |
| ALK ALASKA AIR GROUP INC | 2,502,211 | 3,183,163 | +27.2% | $166.2M |
| IR INGERSOLL RAND INC | 626,062 | 1,033,693 | +65.1% | $84.8M |
| LYV LIVE NATION ENTERTAINMENT INC | 526,418 | 706,301 | +34.2% | $129.3M |
| META META PLATFORMS INC | 144,799 | 201,459 | +39.1% | $113.5M |
| SAP SAP SE | 456,005 | 629,801 | +38.1% | $97.1M |
| NVO NOVO NORDISK A/S | 1,174,213 | 1,677,615 | +42.9% | $80.4M |
| PETROLEO BRASILEIRO SA - PETROBRAS | 1,495,664 | 3,096,624 | +107.0% | $45.3M |
| JLL JONES LANG LASALLE INC | 186,274 | 248,252 | +33.3% | $76.9M |
| DEO DIAGEO PLC | 666,314 | 899,015 | +34.9% | $72.3M |
Decreases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| CP CANADIAN PACIFIC KANSAS CITY LTD | 8,792,381 | 6,711,483 | -23.7% | $581.7M |
| JOYY JOYY INC | 750,751 | 109,297 | -85.4% | $7.2M |
| CTSH COGNIZANT TECHNOLOGY SOLUTIONS CORP | 1,504,253 | 494,846 | -67.1% | $19.2M |
| BP BP PLC | 997,934 | 46,059 | -95.4% | $1.7M |
| G GENPACT LTD | 1,948,677 | 710,380 | -63.5% | $19.5M |
| C CITIGROUP INC | 634,931 | 458,858 | -27.7% | $64.2M |
| SW SMURFIT WESTROCK PLC | 15,566,028 | 15,039,041 | -3.4% | $695.7M |
| ADI ANALOG DEVICES INC | 201,819 | 142,050 | -29.6% | $56.4M |
| VANGUARD FTSE DEVELOPED MARKETS ETF | 736,637 | 427,314 | -42.0% | $30.4M |
| DIS WALT DISNEY CO/THE | 559,882 | 360,600 | -35.6% | $34.7M |
| BUD ANHEUSER-BUSCH INBEV SA/NV | 580,131 | 347,657 | -40.1% | $28.6M |
| RELX RELX PLC | 2,306,409 | 1,762,329 | -23.6% | $55.8M |
CIK 1165797 · 13F FILINGS ON EDGAR · INFORMATIONAL ONLY
