Causeway Capital Management 13F, Q1 2024
Sarah Ketterer · quarter ending 31 March 2024 · filed 15 May 2024 · SEC CIK 1165797
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2024
The 25 largest of 89 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2023 filing.
| Company | Ticker | Value | % of book | vs Q4 2023 |
|---|---|---|---|---|
| CANADIAN PACIFIC KANSAS CITY LTD | CP | $596.13M | 15.6% | +22% shares |
| RYANAIR HOLDINGS PLC | RYAAY | $398.11M | 10.4% | -20% shares |
| BANCO BRADESCO SA | BBD | $129.55M | 3.4% | -14% shares |
| ALPHABET INC | GOOG | $118.33M | 3.1% | +17% shares |
| WALT DISNEY CO/THE | DIS | $100.74M | 2.6% | -25% shares |
| PETROLEO BRASILEIRO SA | PBR/A | $98.92M | 2.6% | +64% shares |
| TD SYNNEX CORP | SNX | $87.69M | 2.3% | -3% shares |
| CITIGROUP INC | C | $80.41M | 2.1% | -17% shares |
| PDD HOLDINGS INC | PDD | $79.33M | 2.1% | +4% shares |
| ZEBRA TECHNOLOGIES CORP | ZBRA | $75.78M | 2.0% | -11% shares |
| PG&E CORP | PCG | $71.93M | 1.9% | +35% shares |
| ANALOG DEVICES INC | ADI | $70.33M | 1.8% | +35% shares |
| FISERV INC | FISV | $67.89M | 1.8% | -21% shares |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $66.85M | 1.8% | -10% shares |
| QUEST DIAGNOSTICS INC | DGX | $66.74M | 1.8% | unchanged |
| JONES LANG LASALLE INC | JLL | $66.72M | 1.7% | -7% shares |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | TSM | $66.55M | 1.7% | +6% shares |
| INTERNATIONAL FLAVORS & FRAGRANCES INC | IFF | $66.31M | 1.7% | -20% shares |
| GENPACT LTD | $65.80M | 1.7% | -16% shares | |
| ALIBABA GROUP HOLDING LTD | BABA | $60.53M | 1.6% | -11% shares |
| META PLATFORMS INC | META | $58.64M | 1.5% | -20% shares |
| TYSON FOODS INC | TSN | $54.52M | 1.4% | -7% shares |
| ORACLE CORP | ORCL | $53.92M | 1.4% | new |
| VIPSHOP HOLDINGS LTD | VIPS | $53.17M | 1.4% | +8% shares |
| TRIMBLE INC | TRMB | $53.12M | 1.4% | new |
What changed since Q4 2023
Against the Q4 2023 filing, Causeway Capital Management opened 10 new positions, added to 34, trimmed 36, left 9 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
- ORCL$53.92M
- TRMB$53.12M
- TME$18.35M
- WB$16.43M
- WIT$1.40M
- ZIM INTEGRATED SHIPPING SERVICES LTD$1.33M
- EFA$578.1K
- MSFT$406.0K
and 2 more
Exited
- UBS GROUP AGwas $149.13M
- AVTRwas $58.44M
- CSXwas $55.88M
- EXEwas $29.32M
- CXwas $12.25M
- JOYYwas $8.58M
- MNSOwas $8.08M
- ADECOAGRO SAwas $4.11M
and 2 more
Other quarters
Source: SEC Form 13F-HR, accession 0000943663-24-000131, 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.