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Causeway Capital Management LLC

Diversified strategyContrarianQuality / disciplined sizing

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%.

Personality snowflake

Concentration
27.94
Portfolio Stability
46.77
Momentum/Contrarian
0
Sector conviction
54.34
Diversification
100
Sizing Uniformity
74.44

Recent moves

  • 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

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1AZNAstraZeneca PLCStock-Healthcare17.66%+17.66%NEW
2CCL1EURCarnival CORP LTDStock-Consumer Disc11.79%-2.47%+9.29%
3DBDeutsche Bank AktiengesellschaftStock-Financials8.88%+1.29%+75.86%
4CPCanadian Pacific Kansas CityStock-Industrials8.47%-4.31%-30.20%
5SWSmurfit Westrock PlcStock-Consumer Disc7.61%-2.57%-18.64%
6TSMTaiwan Semiconductor-sp AdrStock-Tech2.11%-0.03%-0.63%
7BABAAlibaba Group Holding-sp AdrStock-Consumer Disc1.65%-0.78%-11.15%
8CARRCarrier Global CORPStock-Industrials1.45%+0.11%+13.74%
9MRKMerck & Co. INC.Stock-Healthcare1.26%—-18.23%
10GOOGAlphabet Inc-cl CStock-Comm Services1.19%-0.41%-8.84%
11CTSHCognizant Tech Solutions-aStock-Tech1.13%-0.64%-3.10%
12ALKAlaska Air Group INCStock-Industrials1.13%+0.14%+74.43%
13AUAngloGold Ashanti plcStock-Materials1.06%+0.54%+106.98%
14BCSBarclays Plc-spons AdrStock-Financials1.06%—+8.62%
15BAPCredicorp Ltd.Stock-Financials1.02%+0.06%+1.28%
16METAMeta Platforms Inc-class AStock-Comm Services1.02%+0.02%+31.18%
17AXSAXIS Capital Holdings LimitedStock-Financials1.02%—+13.11%
18EGEverest Group, Ltd.Stock-Financials1.00%—+4.80%
19LYVLive Nation Entertainment InStock-Comm Services0.99%+0.11%+17.74%
20SAPSap Se-sponsored AdrStock-Tech0.96%+0.12%+81.86%
21RELXRelx PLC - Spon AdrStock-Industrials0.94%+0.28%+93.92%
22GFIGold Fields Ltd-spons AdrStock-Materials0.91%—+0.81%
23ZBHZimmer Biomet Holdings INCStock-Healthcare0.90%—+10.93%
24GGenpact LimitedStock-Tech0.89%-0.45%-6.50%
25CCitigroup INCStock-Financials0.88%—-8.96%
26PHGKoninklijke Philips Nvr- NyStock-Healthcare0.83%—+11.72%
27BAHBooz Allen Hamilton HoldingsStock-Industrials0.82%+0.36%+116.35%
28WHRWhirlpool CORPStock-Consumer Disc0.80%+0.04%+57.90%
29ADIAnalog Devices INCStock-Tech0.79%—-23.27%
30CFGCitizens Financial GroupStock-Financials0.77%—+3.39%
31BABoeing Co/theStock-Industrials0.77%+0.32%+106.63%
32JLLJones Lang Lasalle INCStock-Real Estate0.70%+0.42%+213.30%
33DISWalt Disney Co/theStock-Comm Services0.66%—+2.53%
34PFEPfizer INCStock-Healthcare0.66%—-8.49%
35BIIBBiogen INCStock-Healthcare0.63%-0.63%-46.12%
36SNYSanofi-adrStock-Healthcare0.63%—+0.05%
37IRIngersoll-rand INCStock-Industrials0.62%—+4.91%
38DEODiageo Plc-sponsored AdrStock-Consumer Staples0.61%—+37.30%
39APTVAptiv PLCStock-Consumer Disc0.58%—+2.22%
40VEAVanguard Ftse Developed ETFETF-Other0.58%+0.22%+74.81%
41DTEDte Energy CompanyStock-Utilities0.58%+0.58%NEW
42BPBp Plc-spons AdrStock-Energy0.58%-0.20%-39.18%
43NGGNational Grid Plc-sp AdrStock-Utilities0.56%—-24.06%
44NWGNatwest Group PLC -spon AdrStock-Financials0.55%+0.17%+88.27%
45JOYYJoyy Inc-adrStock-Other0.54%—-7.61%
46NVONovo-nordisk A/s-spons AdrStock-Healthcare0.53%—+18.15%
47PAGSPagSeguro Digital Ltd.Stock-Other0.50%—-0.03%
48BUDAnheuser-busch Inbev-spn AdrStock-Consumer Staples0.49%—-17.28%
49INGIng Groep N.v.-sponsored AdrStock-Financials0.49%+0.11%+56.59%
50TXNTexas Instruments INCStock-Tech0.49%+0.49%NEW
1–50 of 107

Holding changes this quarter

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).

Position changes disclosed by Causeway Capital Management LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1DBDeutsche Bank Aktiengesellschaft+1.3%+75.86%Add
2AUAngloGold Ashanti plc+0.5%+106.98%Add
3JLLJones Lang Lasalle INC+0.4%+213.30%Add
4BAHBooz Allen Hamilton Holdings+0.4%+116.35%Add
5BABoeing Co/the+0.3%+106.63%Add
6RELXRelx PLC - Spon Adr+0.3%+93.92%Add
7VEAVanguard Ftse Developed ETF+0.2%+74.81%Add
8NWGNatwest Group PLC -spon Adr+0.2%+88.27%Add
9ALKAlaska Air Group INC+0.1%+74.43%Add
10SAPSap Se-sponsored Adr+0.1%+81.86%Add
11CARRCarrier Global CORP+0.1%+13.74%Add
12LYVLive Nation Entertainment In+0.1%+17.74%Add
13INGIng Groep N.v.-sponsored Adr+0.1%+56.59%Add
14SNNSmith & Nephew PLC -spon Adr+0.1%+57.85%Add
15BAPCredicorp Ltd.+0.1%+1.28%Add
16WHRWhirlpool CORP0%+57.90%Add
17METAMeta Platforms Inc-class A0%+31.18%Add
18TSMTaiwan Semiconductor-sp Adr0%-0.63%Trim
19EWTIshares Msci Taiwan ETF-0.1%-80.48%Trim
20PUKPrudential Plc-adr-0.2%-12.44%Trim
21BPBp Plc-spons Adr-0.2%-39.18%Trim
22CLSCelestica INC-0.2%-66.16%Trim
23SHGShinhan Financial Group-adr-0.2%-56.26%Trim
24PDDPdd Holdings INC-0.3%-36.16%Trim
25QFINQfin Holdings Inc-adr-0.3%-74.72%Trim
26INFYInfosys Ltd-sp Adr-0.3%-23.60%Trim
27TMETencent Music Entertainm-adr-0.3%-63.72%Trim
28GOOGAlphabet Inc-cl C-0.4%-8.84%Trim
29GGenpact Limited-0.5%-6.50%Trim
30BIIBBiogen INC-0.6%-46.12%Trim
31CTSHCognizant Tech Solutions-a-0.6%-3.10%Trim
32BABAAlibaba Group Holding-sp Adr-0.8%-11.15%Trim
33CCL1EURCarnival CORP LTD-2.5%+9.29%Add
34SWSmurfit Westrock Plc-2.6%-18.64%Trim
35BBarrick Mining CORP-3.6%-99.87%Trim
36CPCanadian Pacific Kansas City-4.3%-30.20%Trim
37AZNAstraZeneca PLC—NEWNew buy
38AZNNAstrazeneca Plc-spons Adr—EXITSold out
39GPKGraphic Packaging Holding Co—EXITSold out
40DTEDte Energy Company—NEWNew buy
41TXNTexas Instruments INC—NEWNew buy
42TALTal Education Group- Adr—NEWNew buy
43PBR-APetroleo Brasil-sp Pref Adr—NEWNew buy
44ALLYAlly Financial INC—EXITSold out
45UNHUnitedhealth Group INC—NEWNew buy
46VIPSVipshop Holdings LTD - Adr—EXITSold out
47VISTVista Energy Sab De Cv—NEWNew buy
48VALEVale Sa-sp Adr—EXITSold out
49EWYIshares Msci South Korea ETF—EXITSold out
50CIBGrupo Cibest Sa-adr—NEWNew buy

FAQ

What is Causeway Capital Management LLC and what type of investor is it?
Causeway Capital Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $8.1B, spread across 107 disclosed positions.
What are Causeway Capital Management LLC's largest equity positions?
Based on the latest 13F filing, Causeway Capital Management LLC's top holdings by market value are: 1. AstraZeneca PLC (AZN) — $1.4B (17.7%) 2. Carnival CORP LTD (CCL1EUR) — $960.1M (11.8%) 3. Deutsche Bank Aktiengesellschaft (DB) — $723.3M (8.9%) 4. Canadian Pacific Kansas City (CP) — $689.9M (8.5%) 5. Smurfit Westrock Plc (SW) — $620.3M (7.6%)
What changes did Causeway Capital Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Causeway Capital Management LLC made 50 notable position adjustments: 8 new positions were initiated, 18 existing holdings were added to, 18 positions were partially reduced, and 6 were completely exited. The largest of these moves: 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)
What sectors does Causeway Capital Management LLC focus on?
Causeway Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Health Care: 24.8% • Consumer Discretionary: 24.2% • Financials: 17.3% • Industrials: 15.1% • Information Technology: 7.2% • Communication Services: 4.4%