13F filing recap · Q1 2013

What did Causeway Capital Management buy in Q1 2013?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Causeway account, including accounts that belong to no fund below.

Stock value

$825.11M

Positions

Estimated turnover

21.6%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

TTETotalenergies SE$2.84Mreported value+59.2K shares RDS-AShell Plc$2.62Mreported value+40.3K shares CEOCnooc Limited$1.86Mreported value+9.7K shares KEPKorea Electric Power Corp$1.52Mreported value+111.6K shares IMOImperial Oil Limited$1.22Mreported value+30.0K shares LYGLloyds Banking Group Plc$836.0Kreported value+278.7K shares

Increased positions

UNHUnitedHealth Group Incorporated$41.65Mreported value+42.0K shares+6.0%MSFTMicrosoft Corporation$36.31Mreported value+201.7K shares+18.3%APDAir Products and Chemicals, Inc.$32.07Mreported value+20.0K shares+5.6%BAThe Boeing Company$31.07Mreported value+101.2K shares

Reduced positions

RYAAYRyanair Holdings Plc$174.19Mreported value-45.3K shares-1.1%WFCWells Fargo & Company/mn$23.80Mreported value-37.0K shares-5.3%JNJJohnson & Johnson$23.41Mreported value-59.6K shares-16.8%NDAQNasdaq, Inc.$17.61Mreported value-561.5K shares

Exited positions

PGRProgressive Corp/oh/$18.86Mprior reported value-915.7K shares-100.0%WHRWhirlpool Corp /de/$14.52Mprior reported value-146.4K shares-100.0%DVAdtalem Global Education Inc$5.24Mprior reported value-226.7K shares-100.0%AMXNAmérica Móvil, S.a.b. De C.v.$2.03Mprior reported value