Causeway Capital Management 13F, Q2 2026
Sarah Ketterer · quarter ending 30 June 2026 · filed 13 August 2026 · SEC CIK 1165797
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2026
The 25 largest of 122 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2026 filing.
| Company | Ticker | Value | % of book | vs Q1 2026 |
|---|---|---|---|---|
| ASTRAZENECA PLC | $1.75B | 19.0% | +26% shares | |
| CARNIVAL CORP LTD | $1.18B | 12.7% | new | |
| DEUTSCHE BANK AG | $994.16M | 10.8% | +18% shares | |
| SMURFIT WESTROCK PLC | $695.71M | 7.5% | -3% shares | |
| CANADIAN PACIFIC KANSAS CITY LTD | CP | $581.66M | 6.3% | -24% shares |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | TSM | $254.09M | 2.8% | +5% shares |
| ALASKA AIR GROUP INC | ALK | $166.16M | 1.8% | +27% shares |
| CARRIER GLOBAL CORP | CARR | $159.79M | 1.7% | +4% shares |
| LIVE NATION ENTERTAINMENT INC | LYV | $129.33M | 1.4% | +34% shares |
| MERCK & CO INC | MRK | $122.71M | 1.3% | +12% shares |
| META PLATFORMS INC | META | $113.48M | 1.2% | +39% shares |
| ALPHABET INC | GOOG | $111.73M | 1.2% | -6% shares |
| BARCLAYS PLC | BCS | $106.79M | 1.2% | -2% shares |
| CREDICORP LTD | $99.51M | 1.1% | +4% shares | |
| SAP SE | SAP | $97.06M | 1.1% | +38% shares |
| ALIBABA GROUP HOLDING LTD | BABA | $95.50M | 1.0% | -7% shares |
| AXIS CAPITAL HOLDINGS LTD | $92.37M | 1.0% | +5% shares | |
| EVEREST GROUP LTD | $90.27M | 1.0% | unchanged | |
| INGERSOLL RAND INC | IR | $84.75M | 0.9% | +65% shares |
| KONINKLIJKE PHILIPS NV | PHG | $83.25M | 0.9% | +25% shares |
| NOVO NORDISK A/S | NVO | $80.42M | 0.9% | +43% shares |
| JONES LANG LASALLE INC | JLL | $76.95M | 0.8% | +33% shares |
| CITIZENS FINANCIAL GROUP INC | CFG | $75.47M | 0.8% | +3% shares |
| NETEASE INC | NTES | $73.35M | 0.8% | new |
| DIAGEO PLC | DEO | $72.26M | 0.8% | +35% shares |
What changed since Q1 2026
Against the Q1 2026 filing, Causeway Capital Management opened 23 new positions, added to 44, trimmed 37, left 18 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
- CARNIVAL CORP LTD$1.18B
- NTES$73.35M
- BSX$30.74M
- JD$30.56M
- HTHT$23.80M
- OCEANAGOLD CORP$22.83M
- ARCOS DORADOS HOLDINGS INC$15.81M
- TD$11.82M
and 15 more
Exited
- CCL1EURwas $960.06M
- WHRwas $64.81M
- APTIV PLCwas $47.46M
- PDDwas $24.22M
- TMEwas $5.69M
- QFINwas $4.26M
- EFXTwas $1.10M
- JBS NVwas $377.1K
Other quarters
Source: SEC Form 13F-HR, accession 0000945621-26-001052, 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.