13F filing recap · Q1 2020

What did Causeway Capital Management buy in Q1 2020?

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

$6.26B

Positions

Estimated turnover

42.6%

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

CCEPCoca-Cola Europacific Partners Plc$118.24Mreported value+3.15M shares AVGOBroadcom Inc.$100.68Mreported value+424.6K shares SPRSpirit Aerosystems Holdings, Inc.$79.46Mreported value+3.28M shares RGAReinsurance Group of America Inc$79.39Mreported value+943.5K shares NCLHNorwegian Cruise Line Holdings Ltd.$72.67Mreported value+6.63M shares HWMHowmet Aerospace Inc.$69.92Mreported value+4.35M shares FCXFreeport-Mcmoran Inc.$42.24Mreported value+6.26M shares DISWalt Disney Co/$41.55Mreported value+430.2K shares MCMoelis & Co$29.24Mreported value+1.04M shares BBVABanco Bilbao Vizcaya Argentaria, S.a.$9.75Mreported value+3.19M shares OVVOvintiv Inc.$8.27Mreported value+3.06M shares RIORio Tinto Plc$4.63Mreported value+101.6K shares DEODiageo Plc$4.37Mreported value+34.3K shares CLSCelestica Inc.$378.0Kreported value+108.1K shares

Increased positions

BIDUBaidu, Inc.$675.56Mreported value+84.7K shares+1.3%RYAAYRyanair Holdings Plc$436.67Mreported value+1.78M shares+27.7%BABAAlibaba Group Holding Limited$421.71Mreported value+40.3K shares+1.9%MFCManulife Financial Corporation$207.97Mreported value+479.8K shares

Reduced positions

LINLinde Plc$694.46Mreported value-714.7K shares-15.1%TSMTaiwan Semiconductor Manufacturing$298.08Mreported value-16.3K shares-0.3%ORCLOracle Corporation$165.66Mreported value-805.7K shares-19.0%LDOSLeidos Holdings, Inc.$164.35Mreported value-265.4K shares

Exited positions

OVVOvintiv Inc.$639.62Mprior reported value-136.38M shares-100.0%HALHalliburton Company$257.30Mprior reported value-10.51M shares-100.0%MPCMarathon Petroleum Corporation$221.29Mprior reported value-3.67M shares-100.0%GILGildan Activewear Inc.$154.74Mprior reported value-5.24M shares