13F filing recap · Q3 2020

What did Causeway Capital Management buy in Q3 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

$5.37B

Positions

Estimated turnover

42.2%

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

GOOGAlphabet Inc.$101.52Mreported value+69.1K shares BKNGBooking Holdings Inc.$75.97Mreported value+44.4K shares LVSLas Vegas Sands Corp$75.36Mreported value+1.62M shares AFLAflac Inc$58.27Mreported value+1.60M shares ALKAlaska Air Group, Inc.$57.26Mreported value+1.56M shares COPConocophillips$39.73Mreported value+1.21M shares BXPBxp, Inc.$35.43Mreported value+441.2K shares NBISNebius Group N.v.$14.10Mreported value+216.1K shares MELIMercadolibre, Inc.$4.87Mreported value+4.5K shares MOMOHello Group Inc.$3.90Mreported value+283.8K shares QFINQifu Technology, Inc.$2.86Mreported value+239.9K shares

Increased positions

BABAAlibaba Group Holding Limited$622.71Mreported value+169.0K shares+8.7%TSMTaiwan Semiconductor Manufacturing$434.37Mreported value+173.5K shares+3.3%ASHAshland Inc.$114.42Mreported value+27.3K shares+1.7%INFYInfosys Limited$84.90Mreported value+1.26M shares

Reduced positions

BIDUBaidu, Inc.$512.85Mreported value-2.03M shares-33.4%RYAAYRyanair Holdings Plc$505.46Mreported value-2.26M shares-26.8%LINLinde Plc$251.67Mreported value-1.43M shares-57.6%JDJd.com, Inc.$158.04Mreported value-29.8K shares

Exited positions

MSFTMicrosoft Corporation$94.70Mprior reported value-465.3K shares-100.0%PARAParamount Global$68.42Mprior reported value-2.93M shares-100.0%MRKMerck & Co., Inc.$62.95Mprior reported value-814.1K shares-100.0%FCXFreeport-Mcmoran Inc.$43.16Mprior reported value-3.73M shares