13F filing recap · Q4 2013

What did Causeway Capital Management buy in Q4 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

$1.76B

Positions

Estimated turnover

62.8%

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

AALAmerican Airlines Group Inc.$61.79Mreported value+2.35M shares EMCEmc Corp$60.29Mreported value+2.30M shares JPMJPMorgan Chase & Co$47.12Mreported value+771.8K shares KEPKorea Electric Power Corp$13.85Mreported value+908.7K shares RDYDr Reddy'S Laboratories Ltd$10.52Mreported value+256.5K shares ABBNYAbb Ltd$9.46Mreported value+356.2K shares EEMIshares, Inc.$4.05Mreported value+96.9K shares GAMEShanda Games Ltd$3.64Mreported value+795.4K shares AMXNAmérica Móvil, S.a.b. De C.v.$339.0Kreported value+14.5K shares WITWipro Limited$227.0Kreported value+18.0K shares

Increased positions

UNHUnitedHealth Group Incorporated$96.77Mreported value+292.1K shares+31.0%ORCLOracle Corporation$86.75Mreported value+525.0K shares+31.7%BAThe Boeing Company$85.85Mreported value+111.9K shares+22.8%MSFTMicrosoft Corporation$82.84Mreported value+82.6K shares

Reduced positions

RYAAYRyanair Holdings Plc$96.33Mreported value-1.60M shares-43.9%SNPChina Petroleum & Chemical Corporation$6.31Mreported value-90.4K shares-54.1%CHLChina Mobile Limited$4.40Mreported value-256.7K shares-75.3%KTKt Corporation$2.92Mreported value-199.1K shares

Exited positions

AAgilent Technologies, Inc.$44.92Mprior reported value-848.5K shares-100.0%NDAQNasdaq, Inc.$42.38Mprior reported value-1.28M shares-100.0%LCCUS Airways Group Inc$34.28Mprior reported value-1.75M shares-100.0%AVVIYAviva Plc$3.26Mprior reported value-253.9K shares