13F filing recap · Q1 2021

What did Causeway Capital Management buy in Q1 2021?

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

$5.08B

Positions

Estimated turnover

33.5%

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

WRKWestrock Company$53.22Mreported value+1.02M shares SRESempra$52.54Mreported value+396.3K shares MDLZMondelez International, Inc.$52.51Mreported value+897.1K shares DGXQuest Diagnostics Inc$41.01Mreported value+319.6K shares ULUnilever Plc$18.55Mreported value+332.2K shares WMWaste Management, Inc$14.79Mreported value+114.6K shares RELXRelx Plc$11.83Mreported value+470.1K shares FINVFinvolution Group$1.52Mreported value+217.2K shares TCOMTrip.com Group Limited$333.0Kreported value+8.4K shares ZTOZto Express (cayman) Inc.$114.0Kreported value+3.9K shares HTHTH World Group Ltd$110.0Kreported value+2.0K shares ATHMAutohome Inc.$75.0Kreported value+800 shares

Increased positions

GOOGAlphabet Inc.$149.47Mreported value+16.6K shares+29.9%ASHAshland Inc.$123.18Mreported value+37.2K shares+2.8%ESNTEssent Group Ltd.$120.31Mreported value+1.11M shares+77.8%SABRSabre Corporation$115.63Mreported value+146.3K shares

Reduced positions

TSMTaiwan Semiconductor Manufacturing$560.52Mreported value-322.2K shares-6.4%RYAAYRyanair Holdings Plc$497.96Mreported value-661.7K shares-13.3%BABAAlibaba Group Holding Limited$440.39Mreported value-142.8K shares-6.9%BIDUBaidu, Inc.$210.07Mreported value-1.82M shares

Exited positions

WFCWells Fargo & Company/mn$74.94Mprior reported value-2.48M shares-100.0%SYFSynchrony Financial$48.33Mprior reported value-1.39M shares-100.0%GEGeneral Electric Company$40.74Mprior reported value-3.77M shares-100.0%ALKAlaska Air Group, Inc.$37.89Mprior reported value-728.7K shares