13F filing recap · Q4 2019

What did Causeway Capital Management buy in Q4 2019?

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

$9.32B

Positions

Estimated turnover

29.9%

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

PARAParamount Global$190.56Mreported value+4.54M shares GEGeneral Electric Company$189.34Mreported value+16.97M shares FDXFedex Corporation$150.16Mreported value+993.1K shares ASHAshland Inc.$110.82Mreported value+1.45M shares EXCExelon Corporation$98.16Mreported value+2.15M shares HWMHowmet Aerospace Inc.$91.88Mreported value+2.99M shares WRKWestrock Company$65.32Mreported value+1.52M shares PBR.APetrobras - Petroleo Brasileiro SA$29.47Mreported value+1.98M shares MOMOHello Group Inc.$24.86Mreported value+742.1K shares JOYYJoyy Inc$7.28Mreported value+137.9K shares EEMIshares, Inc.$987.0Kreported value+22.0K shares

Increased positions

BIDUBaidu, Inc.$833.89Mreported value+1.12M shares+20.3%OVVOvintiv Inc.$639.62Mreported value+10.15M shares+8.0%RYAAYRyanair Holdings Plc$564.31Mreported value+171.5K shares+2.7%BABAAlibaba Group Holding Limited$451.38Mreported value+138.8K shares

Reduced positions

LINLinde Plc$1.01Breported value-592.3K shares-11.1%MFCManulife Financial Corporation$326.76Mreported value-127.3K shares-0.8%SNXTD Synnex Corporation$282.60Mreported value-105.8K shares-4.6%HALHalliburton Company$257.30Mreported value-93.0K shares

Exited positions

ZBHZimmer Biomet Holdings, Inc.$138.56Mprior reported value-1.01M shares-100.0%VIABViacom Inc.$134.61Mprior reported value-5.60M shares-100.0%MDLZMondelez International, Inc.$87.75Mprior reported value-1.59M shares-100.0%FLSFlowserve Corp$85.67Mprior reported value-1.83M shares