Causeway Capital Management Portfolio
Causeway Capital Management 13F filer (CIK 0001165797).
Q1 2024 · 86 positions · Total reported value $3.78B · Top-10 concentration 46.6%
Turnover: 56.6% · 22 new · 44 cut · 7 exited
In its Q1 2024 13F filing, Causeway Capital Management disclosed 86 equity positions with a combined reported value of $3.78B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 46.6% of reported value. HoldingsHub classifies the profile as Mid / High Turnover.
The largest disclosed positions as of Q1 2024 were CP ($596.13M), RYAAY ($398.11M), BBD ($129.55M). By sector, the heaviest allocations are Consumer Discretionary 24.1%, Industrials 21.4%. Versus the prior quarter, allocation shifted toward Technology (+3.6pp), Industrials (+1.8pp) and away from Consumer Discretionary (-1.4pp), Financials (-4.6pp).
Versus the prior quarter, Causeway Capital Management opened 22 new positions, trimmed 44 and fully exited 7, a turnover rate of 56.6% of positions. The portfolio's overlap with the prior quarter was 79% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | CP | CANADIAN PACIFIC KANSAS CITY | 6.76M | $596.13M | 15.75% | Add |
| 2 | RYAAY | RYANAIR HOLDINGS PLC | 2.73M | $398.11M | 10.52% | Reduce |
| 3 | BBD | BANCO BRADESCO S A | 45.30M | $129.55M | 3.42% | Reduce |
| 4 | GOOG | ALPHABET INC | 776.76K | $118.33M | 3.13% | Add |
| 5 | DIS | DISNEY WALT CO | 822.87K | $100.74M | 2.66% | Reduce |
| 6 | PBRA | PETROLEO BRASILEIRO S A | 6.64M | $98.92M | 2.61% | Add |
| 7 | SNX | TD SYNNEX CORPORATION | 774.91K | $87.69M | 2.32% | Reduce |
| 8 | C | CITIGROUP INC | 1.27M | $80.41M | 2.12% | Reduce |
| 9 | PDD | PDD HOLDINGS INC | 682.37K | $79.33M | 2.10% | Add |
| 10 | ZBRA | ZEBRA TECHNOLOGIES CORPORATI | 251.26K | $75.78M | 2.00% | Reduce |
| 11 | PCG | PG&E CORP | 4.29M | $71.93M | 1.90% | Add |
| 12 | ADI | ANALOG DEVICES INC | 355.40K | $70.33M | 1.86% | Add |
| 13 | FISV | FISERV INC | 424.60K | $67.89M | 1.79% | Reduce |
| 14 | ZBH | ZIMMER BIOMET HOLDINGS INC | 506.25K | $66.85M | 1.77% | Reduce |
| 15 | DGX | QUEST DIAGNOSTICS INCORPORATED | 501.12K | $66.74M | 1.76% | Add |
| 16 | JLL | JONES LANG LASALLE INCORPORATED | 341.81K | $66.72M | 1.76% | Reduce |
| 17 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 489.17K | $66.55M | 1.76% | Add |
| 18 | IFF | INTERNATIONAL FLAVORS&FRAGRA | 770.72K | $66.31M | 1.75% | Reduce |
| 19 | G | GENPACT LIMITED | 2.00M | $65.80M | 1.74% | Reduce |
| 20 | BABA | ALIBABA GROUP HLDG LTD | 836.52K | $60.53M | 1.60% | Reduce |
| 21 | META | META PLATFORMS INC. CLASS A | 120.70K | $58.64M | 1.55% | Reduce |
| 22 | TSN | TYSON FOODS INC | 927.81K | $54.52M | 1.44% | Reduce |
| 23 | ORCL | ORACLE CORP | 429.02K | $53.92M | 1.43% | New |
| 24 | VIPS | VIPSHOP HLDGS LTD | 3.21M | $53.17M | 1.41% | Add |
| 25 | TRMB | TRIMBLE INC | 824.88K | $53.12M | 1.40% | New |
| 26 | STX | SEAGATE TECHNOLOGY HLDNGS PL | 539.20K | $50.20M | 1.33% | Add |
| 27 | CFG | CITIZENS FINL GROUP INC | 1.31M | $47.57M | 1.26% | Reduce |
| 28 | BCS | BARCLAYS PLC | 5.03M | $47.56M | 1.26% | Add |
| 29 | BP | BP PLC | 1.15M | $43.21M | 1.14% | Add |
| 30 | BERY | BERRY GLOBAL GROUP INC | 673.94K | $40.78M | 1.08% | Add |
| 31 | SAP | SAP SE | 201.56K | $39.31M | 1.04% | Reduce |
| 32 | ABBV | ABBVIE INC | 213.61K | $38.92M | 1.03% | Reduce |
| 33 | SHEL | SHELL PLC | 541.23K | $36.28M | 0.96% | Add |
| 34 | PUK | PRUDENTIAL PLC | 1.85M | $35.62M | 0.94% | Add |
| 35 | DEO | DIAGEO PLC | 232.33K | $34.56M | 0.91% | Add |
| 36 | AZN | ASTRAZENECA PLC | 496.48K | $33.64M | 0.89% | Add |
| 37 | PHG | KONINKLIJKE PHILIPS N V | 1.67M | $33.38M | 0.88% | Add |
| 38 | GSK | GSK PLC | 737.18K | $31.60M | 0.83% | Reduce |
| 39 | ING | ING GROEP N.V. | 1.90M | $31.31M | 0.83% | Add |
| 40 | BUD | ANHEUSER BUSCH INBEV SA NV | 470.02K | $28.57M | 0.76% | Add |
| 41 | RELX | RELX PLC | 644.35K | $27.89M | 0.74% | Add |
| 42 | IQ | IQIYI INC | 6.25M | $26.44M | 0.70% | Add |
| 43 | NTES | NETEASE INC | 254.24K | $26.31M | 0.69% | Add |
| 44 | CNXC | CONCENTRIX CORP | 361.72K | $23.97M | 0.63% | Reduce |
| 45 | NVS | NOVARTIS AG | 239.47K | $23.16M | 0.61% | Add |
| 46 | SNY | SANOFI SA | 465.88K | $22.64M | 0.60% | Add |
| 47 | QFIN | QFIN HOLDINGS INC | 1.21M | $22.28M | 0.59% | Add |
| 48 | BTI | BRITISH AMERN TOB PLC | 696.19K | $21.23M | 0.56% | Add |
| 49 | VIST | VISTA ENERGY S.A.B. DE C.V. | 498.16K | $20.61M | 0.55% | Add |
| 50 | TAK | TAKEDA PHARMACEUTICAL CO LTD | 1.44M | $20.07M | 0.53% | Add |