13F filing recap · Q1 2018

What did Causeway Capital Management buy in Q1 2018?

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

$9.33B

Positions

Estimated turnover

20.8%

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

MDLZMondelez International, Inc.$114.35Mreported value+2.74M shares WFCWells Fargo & Company/mn$94.15Mreported value+1.80M shares ANDVAndeavor$42.12Mreported value+418.8K shares DQDaqo New Energy Corp.$1.90Mreported value+38.8K shares VSSVanguard International Equity Index Funds$1.28Mreported value+10.7K shares

Increased positions

MFCManulife Financial Corporation$941.56Mreported value+26.04M shares+105.7%OVVOvintiv Inc.$721.48Mreported value+1.55M shares+2.4%GILGildan Activewear Inc.$421.66Mreported value+114.4K shares+0.8%TSMTaiwan Semiconductor Manufacturing$296.84Mreported value+1.31M shares

Reduced positions

CPCanadian Pacific Kansas City Ltd/cn$916.30Mreported value-64.2K shares-1.2%BIDUBaidu, Inc.$799.32Mreported value-21.0K shares-0.6%BABAAlibaba Group Holding Limited$336.60Mreported value-193.9K shares-9.6%MSFTMicrosoft Corporation$297.59Mreported value-312.9K shares

Exited positions

CSRACsra Inc.$193.28Mprior reported value-6.46M shares-100.0%ARCHArch Coal Inc$77.98Mprior reported value-837.1K shares-100.0%MOMOHello Group Inc.$13.16Mprior reported value-537.6K shares-100.0%INDAiShares Trust$6.59Mprior reported value-182.8K shares