13F filing recap · Q4 2018

What did Causeway Capital Management buy in Q4 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

$8.39B

Positions

Estimated turnover

29.2%

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

ALKAlaska Air Group, Inc.$192.64Mreported value+3.17M shares MPCMarathon Petroleum Corporation$133.99Mreported value+2.27M shares SNXTD Synnex Corporation$117.86Mreported value+1.46M shares FDXFedex Corporation$53.47Mreported value+331.4K shares TAKTakeda Pharmaceutical Company Limited$37.08Mreported value+2.20M shares AMXNAmérica Móvil, S.a.b. De C.v.$17.83Mreported value+1.25M shares CPGCrescent Point Energy Corp$333.0Kreported value+110.3K shares

Increased positions

MFCManulife Financial Corporation$919.03Mreported value+10.26M shares+18.8%BIDUBaidu, Inc.$833.02Mreported value+846.8K shares+19.2%OVVOvintiv Inc.$521.13Mreported value+33.68M shares+59.6%ORCLOracle Corporation$314.20Mreported value+435.3K shares

Reduced positions

GILGildan Activewear Inc.$473.66Mreported value-163.1K shares-1.0%BABAAlibaba Group Holding Limited$233.40Mreported value-92.8K shares-5.2%TSMTaiwan Semiconductor Manufacturing$222.70Mreported value-470.8K shares-7.2%FEFirstenergy Corp$166.82Mreported value-2.79M shares

Exited positions

SAPSap SE$21.79Mprior reported value-177.1K shares-100.0%EEMIshares, Inc.$490.0Kprior reported value-11.4K shares-100.0%SODASodastream International Ltd.$402.0Kprior reported value-2.8K shares-100.0%SMSm Energy Co$9.0Kprior reported value-280 shares