Causeway Capital Management 13F, Q4 2023
Sarah Ketterer · quarter ending 31 December 2023 · filed 14 February 2024 · SEC CIK 1165797
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2023
The 25 largest of 89 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| RYANAIR HOLDINGS PLC | RYAAY | $454.38M | 11.6% | -17% shares |
| CANADIAN PACIFIC KANSAS CITY LTD | CP | $442.11M | 11.3% | +36% shares |
| BANCO BRADESCO SA | BBD | $184.16M | 4.7% | -18% shares |
| UBS GROUP AG | $149.13M | 3.8% | -47% shares | |
| WALT DISNEY CO/THE | DIS | $99.52M | 2.5% | unchanged |
| PDD HOLDINGS INC | PDD | $96.20M | 2.5% | unchanged |
| ALPHABET INC | GOOG | $93.29M | 2.4% | -6% shares |
| TD SYNNEX CORP | SNX | $85.92M | 2.2% | +3% shares |
| GENPACT LTD | $82.70M | 2.1% | +10% shares | |
| CITIGROUP INC | C | $78.70M | 2.0% | unchanged |
| INTERNATIONAL FLAVORS & FRAGRANCES INC | IFF | $78.07M | 2.0% | +28% shares |
| ZEBRA TECHNOLOGIES CORP | ZBRA | $76.74M | 1.9% | +36% shares |
| ALIBABA GROUP HOLDING LTD | BABA | $72.53M | 1.9% | -17% shares |
| FISERV INC | FISV | $71.74M | 1.8% | -19% shares |
| JONES LANG LASALLE INC | JLL | $69.38M | 1.8% | +15% shares |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $68.72M | 1.8% | +39% shares |
| QUEST DIAGNOSTICS INC | DGX | $67.93M | 1.7% | unchanged |
| ABBVIE INC | ABBV | $62.43M | 1.6% | unchanged |
| PETROLEO BRASILEIRO SA | PBR/A | $62.02M | 1.6% | +55% shares |
| AVANTOR INC | AVTR | $58.44M | 1.5% | unchanged |
| PG&E CORP | PCG | $57.29M | 1.5% | +28% shares |
| CSX CORP | CSX | $55.88M | 1.4% | +18% shares |
| TYSON FOODS INC | TSN | $53.78M | 1.4% | +65% shares |
| META PLATFORMS INC | META | $53.24M | 1.4% | -2% shares |
| VIPSHOP HOLDINGS LTD | VIPS | $53.04M | 1.4% | -2% shares |
What changed since Q3 2023
Against the Q3 2023 filing, Causeway Capital Management opened 10 new positions, added to 37, trimmed 25, left 17 unchanged and exited 10. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- ADI$52.24M
- SEAGATE TECHNOLOGY HOLDINGS PLC$39.11M
- APTIV PLC$32.60M
- NTES$17.70M
- CX$12.25M
- JOYY$8.58M
- ADECOAGRO SA$4.11M
- ENERPLUS CORP$2.38M
and 2 more
Exited
- EFAwas $330.12M
- MDLZwas $53.61M
- ALLwas $34.09M
- IEFAwas $22.08M
- BIDUwas $19.17M
- BTEwas $3.25M
- GOLDEN OCEAN GROUP LTDwas $3.11M
- FXIwas $2.70M
and 2 more
Other quarters
Source: SEC Form 13F-HR, accession 0000943663-24-000054, filed by CAUSEWAY CAPITAL MANAGEMENT LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.