13F filing recap · Q2 2017

What did Causeway Capital Management buy in Q2 2017?

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

$8.07B

Positions

Estimated turnover

21.1%

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

SABRSabre Corporation$148.11Mreported value+6.80M shares ARCHArch Coal Inc$74.45Mreported value+1.09M shares JDJd.com, Inc.$38.80Mreported value+980.1K shares BPBp Plc$17.87Mreported value+515.8K shares BBLBhp Group Plc$9.37Mreported value+304.8K shares JEGBPJust Energy Group Inc$162.0Kreported value+30.9K shares

Increased positions

CPCanadian Pacific Kansas City Ltd/cn$770.44Mreported value+283.3K shares+6.3%BIDUBaidu, Inc.$672.40Mreported value+154.8K shares+4.3%OVVOvintiv Inc.$606.02Mreported value+20.10M shares+41.2%CCitigroup Inc$441.83Mreported value+59.9K shares

Reduced positions

TSMTaiwan Semiconductor Manufacturing$220.19Mreported value-473.8K shares-7.1%NTESNetease, Inc.$81.67Mreported value-54.2K shares-16.8%EDUNew Oriental Education & Technology Group Inc.$66.26Mreported value-56.1K shares-5.7%EPIWisdomtree Trust$60.78Mreported value-48.4K shares

Exited positions

PVHPvh Corp.$114.52Mprior reported value-963.6K shares-100.0%CCLCarnival Corporation Ltd.$14.73Mprior reported value-217.6K shares-100.0%FMXMexican Economic Development, Inc.$2.57Mprior reported value-29.0K shares-100.0%IMOImperial Oil Limited$0prior reported value-2 shares