13F filing recap · Q4 2021

What did Causeway Capital Management buy in Q4 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

$4.55B

Positions

Estimated turnover

31.0%

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

CNICanadian National Railway Company$198.77Mreported value+1.80M shares SNXTD Synnex Corporation$49.62Mreported value+433.9K shares ZBHZimmer Biomet Holdings, Inc.$30.73Mreported value+241.9K shares GSKGsk Plc$7.87Mreported value+178.5K shares DQDaqo New Energy Corp.$6.96Mreported value+172.5K shares CPGCrescent Point Energy Corp$3.92Mreported value+734.3K shares UMCUnited Microelectronics Corporation$2.01Mreported value+172.1K shares KBKb Financial Group Inc.$1.93Mreported value+41.7K shares EWMIshares, Inc.$471.0Kreported value+18.8K shares ZIMZim Integrated Shipping Services Ltd.$385.0Kreported value+38.0K shares

Increased positions

RYAAYRyanair Holdings Plc$550.99Mreported value+185.7K shares+3.8%GOOGAlphabet Inc.$156.17Mreported value+3.7K shares+7.3%GEGeneral Electric Company$144.94Mreported value+533.9K shares+53.4%BKNGBooking Holdings Inc.$130.31Mreported value+9.9K shares

Reduced positions

TSMTaiwan Semiconductor Manufacturing$437.06Mreported value-486.6K shares-11.8%BAPCredicorp Ltd$142.95Mreported value-385.8K shares-23.1%INFYInfosys Limited$132.45Mreported value-386.4K shares-6.9%BABAAlibaba Group Holding Limited$125.15Mreported value-599.1K shares

Exited positions

COPConocophillips$45.65Mprior reported value-673.7K shares-100.0%AIZAssurant, Inc.$35.14Mprior reported value-222.8K shares-100.0%YUMCYum China Holdings, Inc.$30.88Mprior reported value-531.4K shares-100.0%JXNJackson Financial Inc.$21.16Mprior reported value-814.0K shares