Causeway Capital Management Portfolio
Causeway Capital Management 13F filer (CIK 0001165797).
Q2 2026 · 122 positions · Total reported value $9.24B · Top-10 concentration 65.3%
Turnover: 56.6% · 22 new · 44 cut · 7 exited
In its Q2 2026 13F filing, Causeway Capital Management disclosed 122 equity positions with a combined reported value of $9.24B. The filing implies a focused portfolio: its ten largest positions account for 65.3% of reported value. HoldingsHub classifies the profile as Mid / Focused / High Turnover.
The largest disclosed positions as of Q2 2026 were AZN ($1.75B), CCL ($1.18B), DB ($994.16M). By sector, the heaviest allocations are Consumer Discretionary 27.5%, Health Care 25.9%. Versus the prior quarter, allocation shifted toward Financials (+2.2pp), Health Care (+1.8pp) and away from Materials (-0.7pp), Consumer Discretionary (-1.1pp).
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 78% 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 | AZN | ASTRAZENECA PLC | 9.36M | $1.75B | 18.97% | Add |
| 2 | CCL | CARNIVAL CORPORATION | 41.19M | $1.18B | 12.74% | Add |
| 3 | DB | DEUTSCHE BK AG | 29.36M | $994.16M | 10.77% | Add |
| 4 | SW | SMURFIT WESTROCK PLC | 15.04M | $695.71M | 7.53% | Reduce |
| 5 | CP | CANADIAN PACIFIC KANSAS CITY | 6.71M | $581.66M | 6.30% | Reduce |
| 6 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 532.05K | $254.09M | 2.75% | Add |
| 7 | ALK | ALASKA AIR GROUP INC | 3.18M | $166.16M | 1.80% | Add |
| 8 | CARR | CARRIER GLOBAL CORPORATION | 2.18M | $159.79M | 1.73% | Add |
| 9 | LYV | LIVE NATION ENTERTAINMENT IN | 706.30K | $129.33M | 1.40% | Add |
| 10 | MRK | MERCK & CO INC | 954.93K | $122.71M | 1.33% | Add |
| 11 | META | META PLATFORMS INC. CLASS A | 201.46K | $113.48M | 1.23% | Add |
| 12 | GOOG | ALPHABET INC | 316.22K | $111.73M | 1.21% | Reduce |
| 13 | BCS | BARCLAYS PLC | 3.98M | $106.79M | 1.16% | Reduce |
| 14 | BAP | CREDICORP LTD | 255.44K | $99.51M | 1.08% | Add |
| 15 | SAP | SAP SE | 629.80K | $97.06M | 1.05% | Add |
| 16 | BABA | ALIBABA GROUP HLDG LTD | 995.04K | $95.50M | 1.03% | Reduce |
| 17 | AXS | AXIS CAP HLDGS LTD | 859.73K | $92.37M | 1.00% | Add |
| 18 | EG | EVEREST GROUP LTD | 252.70K | $90.27M | 0.98% | Add |
| 19 | IR | INGERSOLL RAND INC | 1.03M | $84.75M | 0.92% | Add |
| 20 | PHG | KONINKLIJKE PHILIPS N V | 3.06M | $83.25M | 0.90% | Add |
| 21 | NVO | NOVO-NORDISK A S | 1.68M | $80.42M | 0.87% | Add |
| 22 | JLL | JONES LANG LASALLE INCORPORATED | 248.25K | $76.95M | 0.83% | Add |
| 23 | CFG | CITIZENS FINL GROUP INC | 1.08M | $75.47M | 0.82% | Add |
| 24 | NTES | NETEASE INC | 572.41K | $73.35M | 0.79% | New |
| 25 | DEO | DIAGEO PLC | 899.01K | $72.26M | 0.78% | Add |
| 26 | ZBH | ZIMMER BIOMET HOLDINGS INC | 788.81K | $67.91M | 0.73% | Reduce |
| 27 | BA | BOEING CO | 313.05K | $67.77M | 0.73% | Hold |
| 28 | C | CITIGROUP INC | 458.86K | $64.22M | 0.69% | Reduce |
| 29 | NWG | NATWEST GROUP PLC | 3.49M | $61.48M | 0.67% | Add |
| 30 | BIIB | BIOGEN INC. | 278.28K | $60.13M | 0.65% | Reduce |
| 31 | GFI | GOLD FIELDS LTD | 1.71M | $57.55M | 0.62% | Add |
| 32 | ADI | ANALOG DEVICES INC | 142.05K | $56.42M | 0.61% | Reduce |
| 33 | RELX | RELX PLC | 1.76M | $55.81M | 0.60% | Reduce |
| 34 | AU | ANGLOGOLD ASHANTI PLC | 688.03K | $55.74M | 0.60% | Reduce |
| 35 | ING | ING GROEP N.V. | 1.69M | $53.05M | 0.57% | Add |
| 36 | BAH | BOOZ ALLEN HAMILTON HLDG COR | 849.97K | $51.57M | 0.56% | Reduce |
| 37 | TXN | TEXAS INSTRS INC | 166.50K | $49.63M | 0.54% | Reduce |
| 38 | NGG | NATIONAL GRID PLC | 590.24K | $48.91M | 0.53% | Add |
| 39 | DTE | DTE ENERGY CO | 320.53K | $48.84M | 0.53% | Hold |
| 40 | PFE | PFIZER INC | 1.92M | $46.16M | 0.50% | Hold |
| 41 | PBRA | PETROLEO BRASILEIRO S A | 3.10M | $45.33M | 0.49% | Add |
| 42 | PUK | PRUDENTIAL PLC | 1.69M | $45.29M | 0.49% | Add |
| 43 | SNN | SMITH & NEPHEW PLC | 1.57M | $45.09M | 0.49% | Add |
| 44 | TAL | TAL ED GROUP | 4.13M | $39.48M | 0.43% | Add |
| 45 | SMIN | ISHARES MSCI INDIA SMALL-CAP | 542.85K | $38.40M | 0.42% | Add |
| 46 | UNH | UNITEDHEALTH GROUP INCORPORATED | 87.45K | $36.35M | 0.39% | Add |
| 47 | DIS | DISNEY WALT CO | 360.60K | $34.71M | 0.38% | Reduce |
| 48 | SNY | SANOFI SA | 804.06K | $34.30M | 0.37% | Reduce |
| 49 | BTI | BRITISH AMERN TOB PLC | 547.92K | $33.84M | 0.37% | Add |
| 50 | SMFG | SUMITOMO MITSUI FIN GRP INC | 1.39M | $32.84M | 0.36% | Add |