Causeway Capital Management Portfolio
Causeway Capital Management 13F filer (CIK 0001165797).
Q1 2025 · 90 positions · Total reported value $4.78B · Top-10 concentration 57.1%
Turnover: 56.6% · 22 new · 44 cut · 7 exited
In its Q1 2025 13F filing, Causeway Capital Management disclosed 90 equity positions with a combined reported value of $4.78B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 57.1% of reported value. HoldingsHub classifies the profile as Mid / High Turnover.
The largest disclosed positions as of Q1 2025 were CP ($1.21B), CCL ($518.82M), GOLD ($229.84M). By sector, the heaviest allocations are Industrials 30.9%, Consumer Discretionary 26.8%. Versus the prior quarter, allocation shifted toward Consumer Discretionary (+13.6pp), Energy (+1.1pp) and away from Industrials (-0.7pp), Utilities (-1.2pp).
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 69% 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 | 17.21M | $1.21B | 25.25% | Add |
| 2 | CCL | CARNIVAL CORPORATION | 26.57M | $518.82M | 10.85% | New |
| 3 | GOLD | GOLD COM INC | 11.84M | $229.84M | 4.80% | Add |
| 4 | BABA | ALIBABA GROUP HLDG LTD | 1.36M | $179.31M | 3.75% | Add |
| 5 | SW | SMURFIT WESTROCK PLC | 2.69M | $121.38M | 2.54% | Add |
| 6 | GOOG | ALPHABET INC | 697.35K | $108.95M | 2.28% | Add |
| 7 | C | CITIGROUP INC | 1.35M | $95.90M | 2.00% | Add |
| 8 | DIS | DISNEY WALT CO | 953.85K | $94.15M | 1.97% | Add |
| 9 | ZBH | ZIMMER BIOMET HOLDINGS INC | 805.51K | $91.17M | 1.91% | Add |
| 10 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 519.64K | $86.26M | 1.80% | Reduce |
| 11 | ADI | ANALOG DEVICES INC | 424.02K | $85.51M | 1.79% | Add |
| 12 | MRK | MERCK & CO INC | 897.87K | $80.59M | 1.69% | Add |
| 13 | JD | JD.COM INC | 1.80M | $73.90M | 1.54% | Add |
| 14 | AXS | AXIS CAP HLDGS LTD | 727.09K | $72.88M | 1.52% | Hold |
| 15 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | 917.88K | $70.22M | 1.47% | Add |
| 16 | BCS | BARCLAYS PLC | 4.51M | $69.30M | 1.45% | Reduce |
| 17 | ORCL | ORACLE CORP | 491.83K | $68.76M | 1.44% | Add |
| 18 | AZN | ASTRAZENECA PLC | 857.89K | $63.05M | 1.32% | Add |
| 19 | META | META PLATFORMS INC. CLASS A | 105.48K | $60.80M | 1.27% | Add |
| 20 | BIIB | BIOGEN INC. | 433.52K | $59.32M | 1.24% | Add |
| 21 | QFIN | QFIN HOLDINGS INC | 1.31M | $58.71M | 1.23% | Reduce |
| 22 | BP | BP PLC | 1.60M | $53.95M | 1.13% | Add |
| 23 | PFE | PFIZER INC | 2.02M | $51.29M | 1.07% | Add |
| 24 | APTV | APTIV PLC | 860.74K | $51.21M | 1.07% | New |
| 25 | PUK | PRUDENTIAL PLC | 2.35M | $50.60M | 1.06% | Add |
| 26 | INFY | INFOSYS LTD | 2.64M | $48.15M | 1.01% | Add |
| 27 | G | GENPACT LIMITED | 944.66K | $47.59M | 0.99% | Reduce |
| 28 | PCG | PG&E CORP | 2.57M | $44.11M | 0.92% | Add |
| 29 | GSK | GSK PLC | 1.11M | $42.92M | 0.90% | Add |
| 30 | BUD | ANHEUSER BUSCH INBEV SA NV | 691.92K | $42.59M | 0.89% | Add |
| 31 | SAP | SAP SE | 155.14K | $41.65M | 0.87% | Reduce |
| 32 | CFG | CITIZENS FINL GROUP INC | 1.00M | $41.14M | 0.86% | Add |
| 33 | PHG | KONINKLIJKE PHILIPS N V | 1.53M | $38.91M | 0.81% | Reduce |
| 34 | LYV | LIVE NATION ENTERTAINMENT IN | 294.72K | $38.48M | 0.81% | Add |
| 35 | SNY | SANOFI SA | 693.26K | $38.45M | 0.80% | Hold |
| 36 | DB | DEUTSCHE BK AG | 1.51M | $36.07M | 0.75% | New |
| 37 | JLL | JONES LANG LASALLE INCORPORATED | 140.45K | $34.82M | 0.73% | Add |
| 38 | WHR | WHIRLPOOL CORP | 363.79K | $32.79M | 0.69% | New |
| 39 | DEO | DIAGEO PLC | 306.67K | $32.14M | 0.67% | Add |
| 40 | ING | ING GROEP N.V. | 1.46M | $28.61M | 0.60% | Reduce |
| 41 | SE | SEA LTD | 198.69K | $25.93M | 0.54% | Add |
| 42 | BTI | BRITISH AMERN TOB PLC | 608.93K | $25.19M | 0.53% | Reduce |
| 43 | ALLY | ALLY FINL INC | 651.38K | $23.76M | 0.50% | Add |
| 44 | RELX | RELX PLC | 454.35K | $22.90M | 0.48% | Reduce |
| 45 | FINV | FINVOLUTION GROUP | 2.28M | $22.00M | 0.46% | Reduce |
| 46 | WB | WEIBO CORP | 2.26M | $21.37M | 0.45% | Hold |
| 47 | VEA | VANGUARD TAX-MANAGED FDS | 405.90K | $20.63M | 0.43% | Reduce |
| 48 | DGX | QUEST DIAGNOSTICS INCORPORATED | 120.40K | $20.37M | 0.43% | Reduce |
| 49 | MT | ARCELORMITTAL SA LUXEMBOURG | 704.29K | $20.32M | 0.42% | Reduce |
| 50 | ATAT | ATOUR LIFESTYLE HLDGS LTD | 642.54K | $18.22M | 0.38% | Add |