Causeway Capital Management 13F, Q3 2024
Sarah Ketterer · quarter ending 30 September 2024 · filed 13 November 2024 · SEC CIK 1165797
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2024
The 25 largest of 97 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2024 filing.
| Company | Ticker | Value | % of book | vs Q2 2024 |
|---|---|---|---|---|
| CANADIAN PACIFIC KANSAS CITY LTD | CP | $748.40M | 18.4% | +9% shares |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD | $277.99M | 6.8% | +571% shares | |
| SMURFIT WESTROCK PLC | $207.44M | 5.1% | new | |
| BANCO BRADESCO SA | BBD | $122.30M | 3.0% | -9% shares |
| ISHARES MSCI EAFE ETF | EFA | $108.64M | 2.7% | +13600% shares |
| WALT DISNEY CO/THE | DIS | $106.50M | 2.6% | +12% shares |
| PDD HOLDINGS INC | PDD | $103.64M | 2.5% | +3% shares |
| ALIBABA GROUP HOLDING LTD | BABA | $94.16M | 2.3% | +37% shares |
| ALPHABET INC | GOOG | $93.75M | 2.3% | +15% shares |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | TSM | $91.85M | 2.3% | +5% shares |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $85.74M | 2.1% | +20% shares |
| CITIGROUP INC | C | $80.52M | 2.0% | +10% shares |
| ANALOG DEVICES INC | ADI | $78.42M | 1.9% | +10% shares |
| TD SYNNEX CORP | SNX | $76.07M | 1.9% | unchanged |
| PG&E CORP | PCG | $75.37M | 1.9% | -10% shares |
| COGNIZANT TECHNOLOGY SOLUTIONS CORP | CTSH | $75.20M | 1.9% | +9% shares |
| GENPACT LTD | $68.74M | 1.7% | -17% shares | |
| ORACLE CORP | ORCL | $67.71M | 1.7% | -20% shares |
| BARCLAYS PLC | BCS | $66.17M | 1.6% | unchanged |
| PFIZER INC | PFE | $64.00M | 1.6% | +10% shares |
| META PLATFORMS INC | META | $60.07M | 1.5% | -31% shares |
| JD.COM INC | JD | $58.84M | 1.4% | +50% shares |
| QUEST DIAGNOSTICS INC | DGX | $53.10M | 1.3% | -28% shares |
| FISERV INC | FISV | $52.50M | 1.3% | -32% shares |
| LIVE NATION ENTERTAINMENT INC | LYV | $51.36M | 1.3% | new |
What changed since Q2 2024
Against the Q2 2024 filing, Causeway Capital Management opened 15 new positions, added to 36, trimmed 32, left 14 unchanged and exited 8. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- SMURFIT WESTROCK PLC$207.44M
- LYV$51.36M
- AXIS CAPITAL HOLDINGS LTD$32.38M
- SHG$12.92M
- BA$5.71M
- NGG$5.17M
- HAFNIA LTD$3.90M
- ADECOAGRO SA$3.33M
and 7 more
Exited
- ZBRAwas $46.20M
- TMEwas $43.23M
- BERRY GLOBAL GROUP INCwas $39.48M
- IFFwas $33.11M
- ATHMwas $15.25M
- WHRwas $9.68M
- DQwas $3.27M
- GOLDEN OCEAN GROUP LTDwas $191.8K
Other quarters
Source: SEC Form 13F-HR, accession 0000943663-24-000262, 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.