13F filing recap · Q1 2015

What did Causeway Capital Management buy in Q1 2015?

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

$3.83B

Positions

Estimated turnover

34.3%

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

DALDelta Air Lines, Inc.$136.07Mreported value+2.28M shares PVHPvh Corp.$104.58Mreported value+740.3K shares PRUPrudential Financial Inc$100.69Mreported value+941.7K shares PNCThe Pnc Financial Services Group, Inc.$62.82Mreported value+503.3K shares SMSm Energy Co$39.45Mreported value+565.1K shares GSKGsk Plc$20.29Mreported value+439.6K shares CYOUChangyou.com Ltd$1.81Mreported value+69.8K shares

Increased positions

CCitigroup Inc$192.62Mreported value+33.6K shares+1.2%NOVNov Inc.$154.64Mreported value+412.1K shares+21.4%RYAAYRyanair Holdings Plc$151.87Mreported value+74.7K shares+3.4%CVXChevron Corp$136.87Mreported value+70.7K shares

Reduced positions

ORCLOracle Corporation$174.96Mreported value-317.7K shares-9.4%MSFTMicrosoft Corporation$155.48Mreported value-376.0K shares-11.6%LLYEli Lilly & Co$153.61Mreported value-89.6K shares-5.4%EMCEmc Corp$141.04Mreported value-478.2K shares

Exited positions

CSXCsx Corporation$114.17Mprior reported value-2.82M shares-100.0%PGRProgressive Corp/oh/$99.26Mprior reported value-3.27M shares-100.0%TVGrupo Televisa, S.a.b.$2.00Mprior reported value-58.8K shares-100.0%VSSVanguard International Equity Index Funds$267.0Kprior reported value