13F filing recap · Q2 2020

What did Causeway Capital Management buy in Q2 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

$5.55B

Positions

Estimated turnover

40.7%

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

JLLJones Lang Lasalle Incorporated$61.04Mreported value+590.0K shares GGenpact Limited$43.99Mreported value+1.20M shares ESNTEssent Group Ltd.$41.99Mreported value+1.16M shares PDDPdd Holdings Inc.$18.30Mreported value+213.2K shares SNYSanofi$8.90Mreported value+174.3K shares MTArcelormittal$4.66Mreported value+434.2K shares BTGB2gold Corp.$490.0Kreported value+86.2K shares JWNNordstrom Inc$489.0Kreported value+31.6K shares

Increased positions

RYAAYRyanair Holdings Plc$560.27Mreported value+220.3K shares+2.7%CCEPCoca-Cola Europacific Partners Plc$167.77Mreported value+1.29M shares+41.1%RGAReinsurance Group of America Inc$90.28Mreported value+207.4K shares+22.0%SPRSpirit Aerosystems Holdings, Inc.$81.88Mreported value

Reduced positions

BIDUBaidu, Inc.$729.11Mreported value-621.2K shares-9.3%LINLinde Plc$528.35Mreported value-1.52M shares-37.9%BABAAlibaba Group Holding Limited$420.45Mreported value-219.2K shares-10.1%TSMTaiwan Semiconductor Manufacturing$294.32Mreported value-1.05M shares

Exited positions

MFCManulife Financial Corporation$207.97Mprior reported value-16.58M shares-100.0%CMCanadian Imperial Bank of Commerce$163.12Mprior reported value-2.81M shares-100.0%NCLHNorwegian Cruise Line Holdings Ltd.$72.67Mprior reported value-6.63M shares-100.0%HWMHowmet Aerospace Inc.$69.92Mprior reported value