13F filing recap · Q1 2022

What did Causeway Capital Management buy in Q1 2022?

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

$4.18B

Positions

Estimated turnover

26.9%

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

SHELShell Plc$34.16Mreported value+621.9K shares PHGKoninklijke Philips NV$7.85Mreported value+257.1K shares EFAiShares Trust$5.05Mreported value+68.6K shares EFViShares Trust$4.76Mreported value+94.8K shares CIBGrupo Cibest S.a.$1.99Mreported value+46.7K shares MSFTMicrosoft Corporation$295.0Kreported value+958 shares

Increased positions

RYAAYRyanair Holdings Plc$549.66Mreported value+1.29M shares+25.7%TSMTaiwan Semiconductor Manufacturing$379.84Mreported value+10.4K shares+0.3%CNICanadian National Railway Company$345.04Mreported value+772.8K shares+42.9%GOOGAlphabet Inc.$155.28Mreported value+1.6K shares

Reduced positions

INFYInfosys Limited$129.24Mreported value-40.7K shares-0.8%BKNGBooking Holdings Inc.$119.05Mreported value-3.6K shares-6.7%LVSLas Vegas Sands Corp$99.13Mreported value-159.5K shares-5.9%SABRSabre Corporation$95.93Mreported value-2.07M shares

Exited positions

BAPCredicorp Ltd$142.95Mprior reported value-1.28M shares-100.0%SRESempra$44.54Mprior reported value-336.7K shares-100.0%AMXNAmérica Móvil, S.a.b. De C.v.$40.50Mprior reported value-1.92M shares-100.0%EXCExelon Corporation$33.46Mprior reported value-812.4K shares