13F filing recap · Q3 2015

What did Causeway Capital Management buy in Q3 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

$4.97B

Positions

Estimated turnover

38.9%

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

CABCabela'S Inc$104.23Mreported value+1.84M shares RENXRelx NV$32.19Mreported value+1.96M shares TVGrupo Televisa, S.a.b.$29.75Mreported value+1.14M shares DEODiageo Plc$14.78Mreported value+137.1K shares RIORio Tinto Plc$10.18Mreported value+301.0K shares UNUnilever Plc$5.33Mreported value+132.7K shares JKSJinkosolar Holding Co., Ltd.$3.27Mreported value+148.9K shares IEMGIshares, Inc.$3.07Mreported value+77.0K shares VSSVanguard International Equity Index Funds$154.0Kreported value+1.7K shares SCCOSouthern Copper Corporation$21.0Kreported value+800 shares

Increased positions

CCitigroup Inc$246.36Mreported value+1.03M shares+34.1%ORCLOracle Corporation$225.23Mreported value+1.62M shares+46.6%MSFTMicrosoft Corporation$213.37Mreported value+913.7K shares+30.5%DALDelta Air Lines, Inc.$197.34Mreported value+611.5K shares

Reduced positions

NOVNov Inc.$123.70Mreported value-64.6K shares-2.3%EPIWisdomtree Trust$99.54Mreported value-1.74M shares-25.9%TSMTaiwan Semiconductor Manufacturing$81.77Mreported value-503.9K shares-11.3%TTMTata Motors Limited$26.62Mreported value-33.0K shares

Exited positions

DISWalt Disney Co/$69.54Mprior reported value-519.7K shares-100.0%AXPAmerican Express Co$57.94Mprior reported value-638.0K shares-100.0%RELXRelx Plc$24.05Mprior reported value-513.4K shares-100.0%SPILSiliconware Precision Industries Co., Ltd.$1.11Mprior reported value-149.2K shares