13F filing recap · Q1 2026

What did Causeway Capital Management buy in Q1 2026?

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

$8.15B

Positions

107

Estimated turnover

48.9%

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

AZNAstrazeneca Plc$1.44Breported value+7.42M shares DTEDte Energy Co$47.09Mreported value+322.0K shares TXNTexas Instruments Incorporated$40.03Mreported value+206.2K shares TALTal Education Group$39.55Mreported value+3.48M shares PBR.APetrobras - Petroleo Brasileiro SA$28.04Mreported value+1.50M shares UNHUnitedHealth Group Incorporated$19.45Mreported value+71.9K shares VISTVista Energy, S.a.b. De C.v.$16.67Mreported value+220.9K shares CIBGrupo Cibest S.a.$9.64Mreported value+132.4K shares KSAiShares Trust$2.10Mreported value+52.9K shares SCZiShares Trust$556.7Kreported value+7.1K shares HAFNHafnia Limited$416.3Kreported value+54.4K shares BWLPBw Lpg Limited$268.7Kreported value+15.3K shares ALLAllstate Corp$208.4Kreported value+1.0K shares

Increased positions

CCLCarnival Corporation Ltd.$960.06Mreported value+3.15M shares+9.3%DBDeutsche Bank Aktiengesellschaft$723.33Mreported value+10.77M shares+75.9%CARRCarrier Global Corporation$118.41Mreported value+254.1K shares+13.7%ALKAlaska Air Group, Inc.$92.03Mreported value+1.07M shares

Reduced positions

CPCanadian Pacific Kansas City Ltd/cn$689.86Mreported value-3.80M shares-30.2%SWSmurfit Westrock Plc$620.31Mreported value-3.57M shares-18.6%TSMTaiwan Semiconductor Manufacturing$171.84Mreported value-3.2K shares-0.6%BABAAlibaba Group Holding Limited$134.10Mreported value-134.2K shares

Exited positions

AZNAstrazeneca Plc$92.93Mprior reported value-1.01M shares-100.0%GPKGraphic Packaging Holding Co$68.20Mprior reported value-4.53M shares-100.0%ALLYAlly Financial Inc.$27.21Mprior reported value-600.9K shares-100.0%VIPSVipshop Holdings Limited$19.27Mprior reported value-1.09M shares