CIK: 0001165797
Total reported value
$8.1B
Reporting period: 2026-03-31 · Number of holdings: 107
CAUSEWAY CAPITAL MANAGEMENT LLC disclosed 107 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $8.1B and a quarterly turnover rate of 46.8%.
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Causeway Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.070 — mathematically equivalent to about 14 equally-sized positions, well below its 107 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.56), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim CP
-30.2% -$238.7M
Trim B
-99.9% -$264.2M
Trim SW
-18.6% -$119.6M
Trim CCL1EUR
+9.3% -$76.6M
Add DB
+75.9% $171.7M
Trim BABA
-11.2% -$42.2M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AZN | AstraZeneca PLC | Stock-Healthcare | 17.66% | +17.66% | NEW | |
| 2 | CCL1EUR | Carnival CORP LTD | Stock-Consumer Disc | 11.79% | -2.47% | +9.29% | |
| 3 | DB | Deutsche Bank Aktiengesellschaft | Stock-Financials | 8.88% | +1.29% | +75.86% | |
| 4 | CP | Canadian Pacific Kansas City | Stock-Industrials | 8.47% | -4.31% | -30.20% | |
| 5 | SW | Smurfit Westrock Plc | Stock-Consumer Disc | 7.61% | -2.57% | -18.64% | |
| 6 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 2.11% | -0.03% | -0.63% | |
| 7 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 1.65% | -0.78% | -11.15% | |
| 8 | CARR | Carrier Global CORP | Stock-Industrials | 1.45% | +0.11% | +13.74% | |
| 9 | MRK | Merck & Co. INC. | Stock-Healthcare | 1.26% | — | -18.23% | |
| 10 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.19% | -0.41% | -8.84% | |
| 11 | CTSH | Cognizant Tech Solutions-a | Stock-Tech | 1.13% | -0.64% | -3.10% | |
| 12 | ALK | Alaska Air Group INC | Stock-Industrials | 1.13% | +0.14% | +74.43% | |
| 13 | AU | AngloGold Ashanti plc | Stock-Materials | 1.06% | +0.54% | +106.98% | |
| 14 | BCS | Barclays Plc-spons Adr | Stock-Financials | 1.06% | — | +8.62% | |
| 15 | BAP | Credicorp Ltd. | Stock-Financials | 1.02% | +0.06% | +1.28% | |
| 16 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.02% | +0.02% | +31.18% | |
| 17 | AXS | AXIS Capital Holdings Limited | Stock-Financials | 1.02% | — | +13.11% | |
| 18 | EG | Everest Group, Ltd. | Stock-Financials | 1.00% | — | +4.80% | |
| 19 | LYV | Live Nation Entertainment In | Stock-Comm Services | 0.99% | +0.11% | +17.74% | |
| 20 | SAP | Sap Se-sponsored Adr | Stock-Tech | 0.96% | +0.12% | +81.86% | |
| 21 | RELX | Relx PLC - Spon Adr | Stock-Industrials | 0.94% | +0.28% | +93.92% | |
| 22 | GFI | Gold Fields Ltd-spons Adr | Stock-Materials | 0.91% | — | +0.81% | |
| 23 | ZBH | Zimmer Biomet Holdings INC | Stock-Healthcare | 0.90% | — | +10.93% | |
| 24 | G | Genpact Limited | Stock-Tech | 0.89% | -0.45% | -6.50% | |
| 25 | C | Citigroup INC | Stock-Financials | 0.88% | — | -8.96% | |
| 26 | PHG | Koninklijke Philips Nvr- Ny | Stock-Healthcare | 0.83% | — | +11.72% | |
| 27 | BAH | Booz Allen Hamilton Holdings | Stock-Industrials | 0.82% | +0.36% | +116.35% | |
| 28 | WHR | Whirlpool CORP | Stock-Consumer Disc | 0.80% | +0.04% | +57.90% | |
| 29 | ADI | Analog Devices INC | Stock-Tech | 0.79% | — | -23.27% | |
| 30 | CFG | Citizens Financial Group | Stock-Financials | 0.77% | — | +3.39% | |
| 31 | BA | Boeing Co/the | Stock-Industrials | 0.77% | +0.32% | +106.63% | |
| 32 | JLL | Jones Lang Lasalle INC | Stock-Real Estate | 0.70% | +0.42% | +213.30% | |
| 33 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.66% | — | +2.53% | |
| 34 | PFE | Pfizer INC | Stock-Healthcare | 0.66% | — | -8.49% | |
| 35 | BIIB | Biogen INC | Stock-Healthcare | 0.63% | -0.63% | -46.12% | |
| 36 | SNY | Sanofi-adr | Stock-Healthcare | 0.63% | — | +0.05% | |
| 37 | IR | Ingersoll-rand INC | Stock-Industrials | 0.62% | — | +4.91% | |
| 38 | DEO | Diageo Plc-sponsored Adr | Stock-Consumer Staples | 0.61% | — | +37.30% | |
| 39 | APTV | Aptiv PLC | Stock-Consumer Disc | 0.58% | — | +2.22% | |
| 40 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.58% | +0.22% | +74.81% | |
| 41 | DTE | Dte Energy Company | Stock-Utilities | 0.58% | +0.58% | NEW | |
| 42 | BP | Bp Plc-spons Adr | Stock-Energy | 0.58% | -0.20% | -39.18% | |
| 43 | NGG | National Grid Plc-sp Adr | Stock-Utilities | 0.56% | — | -24.06% | |
| 44 | NWG | Natwest Group PLC -spon Adr | Stock-Financials | 0.55% | +0.17% | +88.27% | |
| 45 | JOYY | Joyy Inc-adr | Stock-Other | 0.54% | — | -7.61% | |
| 46 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 0.53% | — | +18.15% | |
| 47 | PAGS | PagSeguro Digital Ltd. | Stock-Other | 0.50% | — | -0.03% | |
| 48 | BUD | Anheuser-busch Inbev-spn Adr | Stock-Consumer Staples | 0.49% | — | -17.28% | |
| 49 | ING | Ing Groep N.v.-sponsored Adr | Stock-Financials | 0.49% | +0.11% | +56.59% | |
| 50 | TXN | Texas Instruments INC | Stock-Tech | 0.49% | +0.49% | NEW |
Performance for Q3 2026
+1.6%
Performance Last 4 Quarters
+19.1%
Based on 71% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 107 | $8.1B | 47 | |
| 2025-12-31 | 108 | $7.3B | 35 | |
| 2025-09-30 | 105 | $7.6B | 64 | |
| 2025-06-30 | 99 | $6.3B | 0 | |
| 2025-03-31 | 90 | $4.8B | 100 | |
| 2024-12-31 | 107 | $4.4B | 0 | |
| 2024-09-30 | 97 | $4.1B | 0 | |
| 2024-06-30 | 90 | $3.7B | 0 | |
| 2024-03-31 | 89 | $3.8B | 0 | |
| 2023-12-31 | 89 | $3.9B | 0 | |
| 2023-09-30 | 89 | $3.8B | 0 | |
| 2023-06-30 | 81 | $3.8B | 0 | |
| 2023-03-31 | 81 | $4.2B | 0 | |
| 2022-12-31 | 83 | $3.4B | 0 | |
| 2022-09-30 | 81 | $3.6B | 0 | |
| 2022-06-30 | 80 | $4.0B | 0 | |
| 2022-03-31 | 75 | $4.2B | 0 | |
| 2021-12-31 | 82 | $4.5B | 0 | |
| 2021-09-30 | 81 | $4.4B | 0 | |
| 2021-06-30 | 78 | $4.9B | 100 | |
| 2021-03-31 | 82 | $5.1B | 34 | |
| 2020-12-31 | 80 | $5.3B | 38 | |
| 2020-09-30 | 79 | $5.4B | 42 | |
| 2020-06-30 | 79 | $5.6B | 31 | |
| 2020-03-31 | 85 | $6.3B | 61 | |
| 2019-12-31 | 87 | $9.3B | 36 | |
| 2019-09-30 | 86 | $8.4B | 19 | |
| 2019-06-30 | 87 | $9.1B | 23 | |
| 2019-03-31 | 89 | $9.9B | 42 | |
| 2018-12-31 | 90 | $8.4B | 33 | |
| 2018-09-30 | 88 | $10.0B | 17 | |
| 2018-06-30 | 95 | $9.9B | 24 | |
| 2018-03-31 | 88 | $9.3B | 26 | |
| 2017-12-31 | 92 | $9.4B | 13 | |
| 2017-09-30 | 88 | $8.9B | 20 | |
| 2017-06-30 | 83 | $8.1B | 20 | |
| 2017-03-31 | 81 | $7.4B | 46 | |
| 2016-12-31 | 85 | $5.7B | 27 | |
| 2016-09-30 | 82 | $5.4B | 43 | |
| 2016-06-30 | 73 | $4.7B | 40 | |
| 2016-03-31 | 74 | $4.3B | 25 | |
| 2015-12-31 | 77 | $4.7B | 25 | |
| 2015-09-30 | 86 | $5.0B | 36 | |
| 2015-06-30 | 81 | $4.0B | 26 | |
| 2015-03-31 | 82 | $3.8B | 32 | |
| 2014-12-31 | 79 | $3.5B | 34 | |
| 2014-09-30 | 74 | $2.9B | 37 | |
| 2014-06-30 | 75 | $2.5B | 34 | |
| 2014-03-31 | 74 | $2.2B | 34 | |
| 2013-12-31 | 72 | $1.8B | 69 | |
| 2013-09-30 | 69 | $1.2B | 54 | |
| 2013-06-30 | 66 | $947.9M | 0 |
Causeway Capital Management LLC's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); Sold out: Graphic Packaging Holding Co (GPK); New buy: Dte Energy Company (DTE); New buy: Texas Instruments INC (TXN).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DB | Deutsche Bank Aktiengesellschaft | +1.3% | +75.86% | Add |
| 2 | AU | AngloGold Ashanti plc | +0.5% | +106.98% | Add |
| 3 | JLL | Jones Lang Lasalle INC | +0.4% | +213.30% | Add |
| 4 | BAH | Booz Allen Hamilton Holdings | +0.4% | +116.35% | Add |
| 5 | BA | Boeing Co/the | +0.3% | +106.63% | Add |
| 6 | RELX | Relx PLC - Spon Adr | +0.3% | +93.92% | Add |
| 7 | VEA | Vanguard Ftse Developed ETF | +0.2% | +74.81% | Add |
| 8 | NWG | Natwest Group PLC -spon Adr | +0.2% | +88.27% | Add |
| 9 | ALK | Alaska Air Group INC | +0.1% | +74.43% | Add |
| 10 | SAP | Sap Se-sponsored Adr | +0.1% | +81.86% | Add |
| 11 | CARR | Carrier Global CORP | +0.1% | +13.74% | Add |
| 12 | LYV | Live Nation Entertainment In | +0.1% | +17.74% | Add |
| 13 | ING | Ing Groep N.v.-sponsored Adr | +0.1% | +56.59% | Add |
| 14 | SNN | Smith & Nephew PLC -spon Adr | +0.1% | +57.85% | Add |
| 15 | BAP | Credicorp Ltd. | +0.1% | +1.28% | Add |
| 16 | WHR | Whirlpool CORP | 0% | +57.90% | Add |
| 17 | META | Meta Platforms Inc-class A | 0% | +31.18% | Add |
| 18 | TSM | Taiwan Semiconductor-sp Adr | 0% | -0.63% | Trim |
| 19 | EWT | Ishares Msci Taiwan ETF | -0.1% | -80.48% | Trim |
| 20 | PUK | Prudential Plc-adr | -0.2% | -12.44% | Trim |
| 21 | BP | Bp Plc-spons Adr | -0.2% | -39.18% | Trim |
| 22 | CLS | Celestica INC | -0.2% | -66.16% | Trim |
| 23 | SHG | Shinhan Financial Group-adr | -0.2% | -56.26% | Trim |
| 24 | PDD | Pdd Holdings INC | -0.3% | -36.16% | Trim |
| 25 | QFIN | Qfin Holdings Inc-adr | -0.3% | -74.72% | Trim |
| 26 | INFY | Infosys Ltd-sp Adr | -0.3% | -23.60% | Trim |
| 27 | TME | Tencent Music Entertainm-adr | -0.3% | -63.72% | Trim |
| 28 | GOOG | Alphabet Inc-cl C | -0.4% | -8.84% | Trim |
| 29 | G | Genpact Limited | -0.5% | -6.50% | Trim |
| 30 | BIIB | Biogen INC | -0.6% | -46.12% | Trim |
| 31 | CTSH | Cognizant Tech Solutions-a | -0.6% | -3.10% | Trim |
| 32 | BABA | Alibaba Group Holding-sp Adr | -0.8% | -11.15% | Trim |
| 33 | CCL1EUR | Carnival CORP LTD | -2.5% | +9.29% | Add |
| 34 | SW | Smurfit Westrock Plc | -2.6% | -18.64% | Trim |
| 35 | B | Barrick Mining CORP | -3.6% | -99.87% | Trim |
| 36 | CP | Canadian Pacific Kansas City | -4.3% | -30.20% | Trim |
| 37 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 38 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
| 39 | GPK | Graphic Packaging Holding Co | — | EXIT | Sold out |
| 40 | DTE | Dte Energy Company | — | NEW | New buy |
| 41 | TXN | Texas Instruments INC | — | NEW | New buy |
| 42 | TAL | Tal Education Group- Adr | — | NEW | New buy |
| 43 | PBR-A | Petroleo Brasil-sp Pref Adr | — | NEW | New buy |
| 44 | ALLY | Ally Financial INC | — | EXIT | Sold out |
| 45 | UNH | Unitedhealth Group INC | — | NEW | New buy |
| 46 | VIPS | Vipshop Holdings LTD - Adr | — | EXIT | Sold out |
| 47 | VIST | Vista Energy Sab De Cv | — | NEW | New buy |
| 48 | VALE | Vale Sa-sp Adr | — | EXIT | Sold out |
| 49 | EWY | Ishares Msci South Korea ETF | — | EXIT | Sold out |
| 50 | CIB | Grupo Cibest Sa-adr | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-14 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-13 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-13 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-13 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-13 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-13 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-12 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-13 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-11 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-13 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-14 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-13 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-06-15 | Amendment | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-06-15 | Amendment | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2017-06-15 | Amendment | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-17 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-13 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-13 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-13 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-14 | 13F-HR | View on EDGAR |
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