Causeway Capital Management portfolio
Investment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 13, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Causeway Capital Management reported a $9.2 bn portfolio of 122 positions to the SEC as of the end of Q2 2026. Its largest positions are AZN, CCL, DB. During the quarter it opened Netease and exited Whirlpool and Aptiv.
Sections with a free account
What changed this quarter
112 positions with a change (21 new, 47 added to, 37 trimmed, 7 sold); also, 1 entered through a spin-off. 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Astrazeneca+26%more sharesIncreased17.7% → 19.0%
- Canadian Pacific Kansas City−24%fewer sharesReduced8.5% → 6.3%
- Deutsche Bank Aktiengesellschaft+18%more sharesIncreased8.9% → 10.8%
- Carnival+10%more sharesIncreased11.8% → 12.7%
- Netease+0.8 ppof portfolioNew— → 0.8%
- Whirlpool−0.7 ppof portfolioSold out0.8% → —
- Aptiv−0.5 ppof portfolioSold out0.6% → —
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- AstrazenecaAZN19.0%
- CarnivalCCL12.7%
- Deutsche Bank AktiengesellschaftDB10.8%
- Smurfit WestrockSW7.5%
- Canadian Pacific Kansas CityCP6.3%
- Taiwan Semiconductor ManufacturingTSM2.8%
- Alaska Air GroupALK1.8%
- Carrier GlobalCARR1.7%
- Live Nation EntertainmentLYV1.4%
- MerckMRK1.3%
- Meta PlatformsMETA1.2%
- AlphabetGOOG1.2%
- BarclaysBCS1.2%
- CredicorpBAP1.1%
- SAPSAP1.1%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Health Care 26%
- ● Financials 19%
- ● Consumer Discretionary 15%
- ● Industrials 13%
- ● Materials 9%
- ● Information Technology 6%
- ● Communication Services 5%
- ● No sector 2%
- ● Energy 2%
- ● Consumer Staples 1%
- ● Real Estate 1%
- ● Utilities 1%
How its portfolio changed (8 quarters)
Q2 2026: 122
Q2 2026: 65%
Q2 2026: 11.1%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 23, 2026 (high confidence).
The data, as reported: CAUSEWAY CAPITAL MANAGEMENT LLC (CRD 113308): Manages registered funds; 5.D assets by client type: registered funds 51%, governments 20%, pooled vehicles 12%, pension plans 8% (of $62.2 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Not counted as a concentrated manager: its portfolio is not within 5 to 100 positions. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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