Causeway Capital Management 13F, Q4 2024
Sarah Ketterer · quarter ending 31 December 2024 · filed 13 February 2025 · SEC CIK 1165797
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2024
The 25 largest of 107 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2024 filing.
| Company | Ticker | Value | % of book | vs Q3 2024 |
|---|---|---|---|---|
| CANADIAN PACIFIC KANSAS CITY LTD | CP | $1.12B | 25.4% | +77% shares |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD | $360.26M | 8.2% | +34% shares | |
| BARRICK GOLD CORP | $172.23M | 3.9% | new | |
| SMURFIT WESTROCK PLC | $143.43M | 3.3% | -37% shares | |
| ALPHABET INC | GOOG | $113.42M | 2.6% | +6% shares |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | TSM | $104.48M | 2.4% | unchanged |
| WALT DISNEY CO/THE | DIS | $93.75M | 2.1% | -24% shares |
| CITIGROUP INC | C | $86.92M | 2.0% | -4% shares |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $81.33M | 1.9% | -3% shares |
| ALIBABA GROUP HOLDING LTD | BABA | $80.65M | 1.8% | +7% shares |
| BARCLAYS PLC | BCS | $78.82M | 1.8% | +9% shares |
| ANALOG DEVICES INC | ADI | $77.88M | 1.8% | +8% shares |
| TD SYNNEX CORP | SNX | $69.99M | 1.6% | -6% shares |
| BANCO BRADESCO SA | BBD | $69.36M | 1.6% | -21% shares |
| AXIS CAPITAL HOLDINGS LTD | $64.54M | 1.5% | +79% shares | |
| COGNIZANT TECHNOLOGY SOLUTIONS CORP | CTSH | $62.93M | 1.4% | -16% shares |
| VANGUARD FTSE DEVELOPED MARKETS ETF | VEA | $60.56M | 1.4% | +161% shares |
| META PLATFORMS INC | META | $58.29M | 1.3% | -5% shares |
| MERCK & CO INC | MRK | $58.14M | 1.3% | new |
| ASTRAZENECA PLC | AZNN | $54.50M | 1.2% | +70% shares |
| BOEING CO/THE | BA | $53.59M | 1.2% | +706% shares |
| QIFU TECHNOLOGY INC | QFIN | $52.87M | 1.2% | unchanged |
| JD.COM INC | JD | $52.39M | 1.2% | +3% shares |
| PG&E CORP | PCG | $50.87M | 1.2% | -34% shares |
| GENPACT LTD | $48.79M | 1.1% | -35% shares |
What changed since Q3 2024
Against the Q3 2024 filing, Causeway Capital Management opened 22 new positions, added to 37, trimmed 36, left 12 unchanged and exited 12. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- BARRICK GOLD CORP$172.23M
- MRK$58.14M
- BIIB$43.08M
- XP INC$20.49M
- SE$19.68M
- ALLY$15.25M
- SNN$11.82M
- ANGLOGOLD ASHANTI PLC$11.20M
and 14 more
Exited
- FISVwas $52.50M
- BMYwas $38.83M
- SEAGATE TECHNOLOGY HOLDINGS PLCwas $36.16M
- ASHRwas $16.72M
- NGGwas $5.17M
- VISTwas $3.72M
- JKSwas $3.42M
- TACwas $2.32M
and 4 more
Other quarters
Source: SEC Form 13F-HR, accession 0000943663-25-000047, 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.