N-PORT filing recap · June 2025

What did Causeway International Value Fund buy in June 2025?

Reported stock-position changes between this filing and the previous one. These are Causeway International Value Fund's own holdings, not the firm's.

Stock value

$1.05B

Positions

Estimated turnover

62.0%

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.

Period in review

Causeway International Value Fund opened new positions in Novo Nordisk, Barrick Mining, and Glencore, while exiting Bank Bradesco and Barrick Mining. It trimmed Canadian Pacific Kansas City and added to Carnival Corporation. The fund also substantially increased its stake in Smurfit Westrock.

New positions

NVONovo Nordisk A/s$161.07Mreported value+2.32M shares BBarrick Mining Corp$123.47Mreported value+5.93M shares GLENGlencore Plc$15.65Mreported value+4.02M shares

Increased positions

CCLCarnival Corporation Ltd.$288.90Mreported value+1.20M shares+13.3%SWSmurfit Westrock Plc$103.88Mreported value+1.54M shares+178.8%

Reduced positions

CPCanadian Pacific Kansas City Ltd/cn$355.12Mreported value-603.6K shares-11.9%

Exited positions

ABXBarrick Mining Corp$74.29Mprior reported value-3.83M shares-100.0%BBDBank Bradesco$3.66Mprior reported value-1.64M shares-100.0%