13F filing recap · Q4 2016

What did Causeway Capital Management buy in Q4 2016?

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

$5.71B

Positions

Estimated turnover

22.8%

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

BACBank of America Corp$100.44Mreported value+3.87M shares GILGildan Activewear Inc.$61.45Mreported value+2.42M shares EEMIshares, Inc.$10.09Mreported value+288.2K shares IEMGIshares, Inc.$4.79Mreported value+112.9K shares TALTal Education Group$2.57Mreported value+36.6K shares EWTIshares, Inc.MIXED CORP ACTION$1.22Mreported value+41.6K shares IMOImperial Oil Limited$0reported value+2 shares

Increased positions

BIDUBaidu, Inc.$492.05Mreported value+215.6K shares+7.8%OVVOvintiv Inc.$293.16Mreported value+2.97M shares+13.5%ORCLOracle Corporation$270.24Mreported value+517.3K shares+9.4%LLYEli Lilly & Co$268.45Mreported value+787.8K shares

Reduced positions

CCitigroup Inc$394.71Mreported value-100.7K shares-1.7%MSFTMicrosoft Corporation$259.41Mreported value-168.4K shares-4.5%CSXCsx Corporation$184.99Mreported value-716.4K shares-14.0%HALHalliburton Company$102.78Mreported value-978.8K shares

Exited positions

PRUPrudential Financial Inc$151.31Mprior reported value-1.65M shares-100.0%BIIBBiogen Inc.$142.21Mprior reported value-404.4K shares-100.0%EWTIshares, Inc.MIXED CORP ACTION$1.06Mprior reported value-67.8K shares-100.0%VSSVanguard International Equity Index Funds$199.0K