13F filing recap · Q2 2015

What did Causeway Capital Management buy in Q2 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

$4.00B

Positions

Estimated turnover

28.1%

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

UALUnited Airlines Holdings, Inc.$117.17Mreported value+1.89M shares PPLPpl Corp$111.23Mreported value+3.23M shares AXPAmerican Express Co$57.94Mreported value+638.0K shares UBSUbs Group AG$27.01Mreported value+1.27M shares VODVodafone Group Public Ltd Co$16.11Mreported value+442.0K shares BAPCredicorp Ltd$2.40Mreported value+17.3K shares ABEVAmbev S.a.$1.93Mreported value+347.0K shares VEDLVedanta Ltd$585.0Kreported value+54.2K shares

Increased positions

CCitigroup Inc$193.74Mreported value+171.2K shares+6.0%ORCLOracle Corporation$162.34Mreported value+396.9K shares+12.9%NOVNov Inc.$155.70Mreported value+433.8K shares+18.5%MSFTMicrosoft Corporation$154.51Mreported value+140.5K shares

Reduced positions

RYAAYRyanair Holdings Plc$150.92Mreported value-159.2K shares-7.0%LLYEli Lilly & Co$143.07Mreported value-102.3K shares-6.5%CCLCarnival Corporation Ltd.$108.70Mreported value-226 shares-0.0%TSMTaiwan Semiconductor Manufacturing$100.92Mreported value-855.4K shares

Exited positions

PNCThe Pnc Financial Services Group, Inc.$62.82Mprior reported value-503.3K shares-100.0%APOLApollo Education Group, Inc.$39.32Mprior reported value-1.56M shares-100.0%UBSNUbs Group AG$24.74Mprior reported value-1.32M shares-100.0%VODVodafone Group Public Ltd Co$12.41Mprior reported value