13F filing recap · Q4 2020

What did Causeway Capital Management buy in Q4 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

$5.32B

Positions

Estimated turnover

44.0%

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

CNXCConcentrix Corporation$76.45Mreported value+774.6K shares FISVFiserv Inc$74.15Mreported value+651.2K shares SYFSynchrony Financial$48.33Mreported value+1.39M shares AREAlexandria Real Estate Equities, Inc.$39.92Mreported value+224.0K shares CARRCarrier Global Corporation$37.72Mreported value+999.9K shares HRCHill-Rom Holdings, Inc.$37.12Mreported value+378.9K shares GFIGold Fields Limited$15.21Mreported value+1.64M shares CSCredit Suisse Group AG$2.19Mreported value+171.0K shares

Increased positions

VALEVale S.a.$143.66Mreported value+598.8K shares+7.5%INFYInfosys Limited$111.05Mreported value+404.3K shares+6.6%IBNIcici Bank Ltd$89.04Mreported value+83.8K shares+1.4%NTESNetease, Inc.$81.00Mreported value+677.7K shares

Reduced positions

BIDUBaidu, Inc.$602.24Mreported value-1.27M shares-31.3%TSMTaiwan Semiconductor Manufacturing$551.87Mreported value-296.8K shares-5.5%RYAAYRyanair Holdings Plc$548.99Mreported value-1.19M shares-19.3%BABAAlibaba Group Holding Limited$485.29Mreported value-33.0K shares

Exited positions

LINLinde Plc$251.67Mprior reported value-1.06M shares-100.0%CCEPCoca-Cola Europacific Partners Plc$152.50Mprior reported value-3.93M shares-100.0%FDXFedex Corporation$73.48Mprior reported value-292.2K shares-100.0%BXPBxp, Inc.$35.43Mprior reported value-441.2K shares