13F filing recap · Q3 2013

What did Causeway Capital Management buy in Q3 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

$1.23B

Positions

Estimated turnover

50.9%

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

NOVNov Inc.$50.04Mreported value+620.1K shares LCCUS Airways Group Inc$34.28Mreported value+1.75M shares FAFFirst American Financial Corporation$21.25Mreported value+844.7K shares LOLORILLARD INC$20.01Mreported value+432.4K shares WXWuxi Pharmatech (cayman) Inc.$2.92Mreported value+106.6K shares BBVABanco Bilbao Vizcaya Argentaria, S.a.$1.82Mreported value+163.2K shares EWTIshares, Inc.$1.53Mreported value+110.0K shares TURIshares, Inc.$1.53Mreported value+110.0K shares SSLTVedanta Limited$195.0Kreported value+17.3K shares

Increased positions

MSFTMicrosoft Corporation$70.11Mreported value+738.4K shares+56.8%UNHUnitedHealth Group Incorporated$69.49Mreported value+203.7K shares+27.6%BAThe Boeing Company$59.59Mreported value+148.1K shares+43.3%CCitigroup Inc$56.84Mreported value+537.4K shares

Reduced positions

RYAAYRyanair Holdings Plc$181.93Mreported value-762.9K shares-17.3%TSMTaiwan Semiconductor Manufacturing$7.07Mreported value-561.6K shares-57.4%KTKt Corporation$6.26Mreported value-61.7K shares-14.2%AVVIYAviva Plc$3.26Mreported value-507 shares

Exited positions

APDAir Products and Chemicals, Inc.$36.76Mprior reported value-378.0K shares-100.0%TSSTotal System Services Inc$23.60Mprior reported value-906.4K shares-100.0%BWCBwx Technologies, Inc.$14.72Mprior reported value-461.1K shares-100.0%STTState Street Corporation$13.14Mprior reported value