13F filing recap · Q4 2023

What did Causeway Capital Management buy in Q4 2023?

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

$3.93B

Positions

Estimated turnover

37.9%

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

ADIAnalog Devices, Inc.$52.24Mreported value+263.1K shares STXSeagate Technology Holdings Plc$39.11Mreported value+458.1K shares APTVAptiv Plc$32.60Mreported value+363.3K shares NTESNetease, Inc.$17.70Mreported value+190.0K shares CXCemex S.a.b. De C.v.$12.25Mreported value+1.58M shares JOYYJoyy Inc$8.58Mreported value+216.1K shares AGROAdecoagro S.a.$4.11Mreported value+370.5K shares ERFEnerplus Corp$2.38Mreported value+154.6K shares VEUVanguard International Equity Index Funds$615.4Kreported value+11.0K shares JDJd.com, Inc.$317.1Kreported value+11.0K shares

Increased positions

CPCanadian Pacific Kansas City Ltd/cn$442.11Mreported value+1.47M shares+35.9%DISWalt Disney Co/$99.52Mreported value+13.7K shares+1.3%SNXTD Synnex Corporation$85.92Mreported value+20.0K shares+2.6%GGenpact Limited$82.70Mreported value+223.4K shares

Reduced positions

RYAAYRyanair Holdings Plc$454.38Mreported value-710.5K shares-17.3%BBDBank Bradesco$184.16Mreported value-11.45M shares-17.9%UBSUbs Group AG$149.13Mreported value-4.19M shares-46.6%PDDPdd Holdings Inc.$96.20Mreported value-6.4K shares

Exited positions

EFAiShares Trust$330.12Mprior reported value-4.79M shares-100.0%MDLZMondelez International, Inc.$53.61Mprior reported value-772.4K shares-100.0%ALLAllstate Corp$34.09Mprior reported value-306.0K shares-100.0%IEFAiShares Trust$22.08Mprior reported value-343.1K shares