13F filing recap · Q4 2025
What did Causeway Capital Management buy in Q4 2025?
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
$7.27B
Positions
108
Estimated turnover
37.8%
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.
Quarter in review
Causeway Capital Management opened new positions in Alaska Air Group, Booz Allen Hamilton, Boeing, and Vale, among others, while exiting ADT, NetEase, Oracle, Sea Limited, Trip.com, UnitedHealth, and XP. The firm dramatically increased its Smurfit Westrock stake and substantially trimmed Barrick Mining and Alphabet. It also added substantially to Everest Group, Graphic Packaging, Live Nation, Novo Nordisk, and RELX, while moderately reducing Deutsche Bank and Citigroup.