Q2 2025 · 13F-HR
CAUSEWAY CAPITAL MANAGEMENT LLCholdings as filed
Filed 2025-08-13 · accession 0000943663-25-000224
$6.32B
Reported value
99
Positions
2025-06-30
Period end
The Brief · CAUSEWAY CAPITAL MANAGEMENT LLC · Q2 2025
AI · grounded in 13F
CAUSEWAY CAPITAL MANAGEMENT LLC established a new position in CP valued at $1.16B. The fund also initiated new stakes in CCL1EUR for $819.1M and DB for $570.4M. Other new additions include B and SW. The fund ended the period with 99 positions and total AUM of $6.32B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 13646K108 | CP | CANADIAN PACIFIC KANSAS CITY LTD | $1.16B | 18.4% | 14,680,499 | Common | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $819.1M | 13.0% | 29,128,074 | Common | SOLE |
| D18190898 | DB | DEUTSCHE BANK AG | $570.4M | 9.03% | 19,315,143 | Common | SOLE |
| 06849F108 | B | BARRICK MINING CORP | $366.7M | 5.80% | 17,653,416 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $302.7M | 4.79% | 7,015,694 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HOLDING LTD | $140.9M | 2.23% | 1,242,469 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $128.0M | 2.03% | 721,546 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $117.3M | 1.86% | 517,815 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $107.2M | 1.70% | 1,259,978 | Common | SOLE |
| 192446102 | CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CORP | $92.2M | 1.46% | 1,181,358 | Common | SOLE |
| 06738E204 | BCS | BARCLAYS PLC | $86.7M | 1.37% | 4,664,178 | Common | SOLE |
| 032654105 | ADI | ANALOG DEVICES INC | $84.6M | 1.34% | 355,604 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $77.8M | 1.23% | 982,660 | Common | SOLE |
| 254687106 | DIS | WALT DISNEY CO/THE | $77.3M | 1.22% | 623,677 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $70.5M | 1.12% | 95,570 | Common | SOLE |
| 046353108 | AZNN | ASTRAZENECA PLC | $66.6M | 1.05% | 953,448 | Common | SOLE |
| G0692U109 | AXS | AXIS CAPITAL HOLDINGS LTD | $65.9M | 1.04% | 634,981 | Common | SOLE |
| G3922B107 | G | GENPACT LTD | $63.0M | 1.00% | 1,431,171 | Common | SOLE |
| 09062X103 | BIIB | BIOGEN INC | $62.0M | 0.98% | 493,355 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $60.6M | 0.96% | 277,286 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $60.5M | 0.96% | 1,854,381 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $59.4M | 0.94% | 441,494 | Common | SOLE |
| 88557W101 | QFIN | QIFU TECHNOLOGY INC | $57.0M | 0.90% | 1,314,163 | Common | SOLE |
| 98956P102 | ZBH | ZIMMER BIOMET HOLDINGS INC | $52.7M | 0.83% | 578,238 | Common | SOLE |
| G3265R107 | APTV | APTIV PLC | $49.0M | 0.78% | 718,696 | Common | SOLE |
| 055622104 | BP | BP PLC | $48.5M | 0.77% | 1,620,639 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $47.6M | 0.75% | 1,963,312 | Common | SOLE |
| 174610105 | CFG | CITIZENS FINANCIAL GROUP INC | $46.2M | 0.73% | 1,032,974 | Common | SOLE |
| G98239109 | XP | XP INC | $46.1M | 0.73% | 2,280,437 | Common | SOLE |
| 459506101 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | $45.8M | 0.72% | 622,703 | Common | SOLE |
| 03524A108 | BUD | ANHEUSER-BUSCH INBEV SA/NV | $44.5M | 0.70% | 647,477 | Common | SOLE |
| 500472303 | PHG | KONINKLIJKE PHILIPS NV | $44.4M | 0.70% | 1,850,995 | Common | SOLE |
| 963320106 | WHR | WHIRLPOOL CORP | $44.0M | 0.70% | 433,543 | Common | SOLE |
| 25243Q205 | DEO | DIAGEO PLC | $43.4M | 0.69% | 430,710 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $43.1M | 0.68% | 192,758 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $42.5M | 0.67% | 1,107,076 | Common | SOLE |
| 80105N105 | SNY | SANOFI SA | $40.6M | 0.64% | 839,639 | Common | SOLE |
| 74435K204 | PUK | PRUDENTIAL PLC | $40.0M | 0.63% | 1,597,829 | Common | SOLE |
| 69331C108 | PCG | PG&E CORP | $38.2M | 0.60% | 2,737,515 | Common | SOLE |
| 46591M109 | JOYY | JOYY INC | $37.3M | 0.59% | 731,870 | Common | SOLE |
| 88034P109 | TME | TENCENT MUSIC ENTERTAINMENT GROUP | $37.1M | 0.59% | 1,903,885 | Common | SOLE |
| G0378L100 | AU | ANGLOGOLD ASHANTI PLC | $35.5M | 0.56% | 788,151 | Common | SOLE |
| 48020Q107 | JLL | JONES LANG LASALLE INC | $35.1M | 0.55% | 137,057 | Common | SOLE |
| 803054204 | SAP | SAP SE | $35.0M | 0.55% | 115,049 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $34.0M | 0.54% | 212,331 | Common | SOLE |
| 456837103 | ING | ING GROEP NV | $33.7M | 0.53% | 1,540,694 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT INC | $33.2M | 0.53% | 219,457 | Common | SOLE |
| 38059T106 | GFI | GOLD FIELDS LTD | $32.0M | 0.51% | 1,353,653 | Common | SOLE |
| 759530108 | RELX | RELX PLC | $26.2M | 0.42% | 482,845 | Common | SOLE |
| G68707101 | PAGS | PAGSEGURO DIGITAL LTD | $25.9M | 0.41% | 2,691,538 | Common | SOLE |
| 948596101 | WB | WEIBO CORP | $25.2M | 0.40% | 2,643,718 | Common | SOLE |
| 83175M205 | SNN | SMITH & NEPHEW PLC | $25.1M | 0.40% | 821,008 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERICAN TOBACCO PLC | $25.1M | 0.40% | 530,599 | Common | SOLE |
| 824596100 | SHG | SHINHAN FINANCIAL GROUP CO LTD | $24.9M | 0.39% | 550,138 | Common | SOLE |
| 03938L203 | MT | ARCELORMITTAL SA | $24.5M | 0.39% | 776,702 | Common | SOLE |
| 670100205 | NVO | NOVO NORDISK A/S | $24.4M | 0.39% | 353,884 | Common | SOLE |
| 636274409 | NGG | NATIONAL GRID PLC | $23.5M | 0.37% | 315,994 | Common | SOLE |
| 02005N100 | ALLY | ALLY FINANCIAL INC | $23.5M | 0.37% | 603,036 | Common | SOLE |
| 31810T101 | FINV | FINVOLUTION GROUP | $22.3M | 0.35% | 2,351,203 | Common | SOLE |
| 04965M106 | ATAT | ATOUR LIFESTYLE HOLDINGS LTD | $21.9M | 0.35% | 672,784 | Common | SOLE |
| 45687V106 | IR | INGERSOLL RAND INC | $21.9M | 0.35% | 262,774 | Common | SOLE |
| 423403104 | MOMO | HELLO GROUP INC | $19.8M | 0.31% | 2,346,224 | Common | SOLE |
| 15101Q207 | CLS | CELESTICA INC | $19.4M | 0.31% | 124,587 | Common | SOLE |
| 101121101 | BXP | BXP INC | $18.4M | 0.29% | 272,795 | Common | SOLE |
| 500631106 | KEP | KOREA ELECTRIC POWER CORP | $17.2M | 0.27% | 1,220,320 | Common | SOLE |
| 388689101 | GPK | GRAPHIC PACKAGING HOLDING CO | $15.6M | 0.25% | 740,479 | Common | SOLE |
| 45104G104 | IBN | ICICI BANK LTD | $15.0M | 0.24% | 444,660 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $14.4M | 0.23% | 187,589 | Common | SOLE |
| 921943858 | VEA | VANGUARD FTSE DEVELOPED MARKETS ETF | $14.0M | 0.22% | 245,142 | Common | SOLE |
| 46429B598 | INDA | ISHARES MSCI INDIA ETF | $12.1M | 0.19% | 217,240 | Common | SOLE |
| 46434V423 | KSA | ISHARES MSCI SAUDI ARABIA ETF | $12.0M | 0.19% | 310,751 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $11.8M | 0.19% | 4,525 | Common | SOLE |
| 92763W103 | VIPS | VIPSHOP HOLDINGS LTD | $11.8M | 0.19% | 782,518 | Common | NONE |
| M9T951109 | ZIM | ZIM INTEGRATED SHIPPING SERVICES LTD | $11.4M | 0.18% | 711,364 | Common | SOLE |
| 46429B614 | SMIN | ISHARES MSCI INDIA SMALL-CAP ETF | $10.6M | 0.17% | 137,008 | Common | SOLE |
| 639057207 | NWG | NATWEST GROUP PLC | $8.9M | 0.14% | 629,470 | Common | SOLE |
| 87162W100 | SNX | TD SYNNEX CORP | $8.5M | 0.14% | 62,872 | Common | SOLE |
| 922042718 | VSS | VANGUARD FTSE ALL WORLD EX-US SMALL-CAP ETF | $8.3M | 0.13% | 61,586 | Common | SOLE |
| V5633W109 | MMYT | MAKEMYTRIP LTD | $8.2M | 0.13% | 83,521 | Common | SOLE |
| 373737105 | GGB | GERDAU SA | $7.8M | 0.12% | 2,670,178 | Common | NONE |
| 456788108 | INFY | INFOSYS LTD | $5.3M | 0.08% | 283,927 | Common | SOLE |
| 46267X108 | IQ | IQIYI INC | $5.1M | 0.08% | 2,896,200 | Common | NONE |
| 152006102 | CGAU | CENTERRA GOLD INC | $4.6M | 0.07% | 635,501 | Common | SOLE |
| 86562M209 | SMFG | SUMITOMO MITSUI FINANCIAL GROUP INC | $4.6M | 0.07% | 301,796 | Common | SOLE |
| 256135203 | RDY | DR REDDY'S LABORATORIES LTD | $2.4M | 0.04% | 159,139 | Common | SOLE |
| 97651M109 | WIT | WIPRO LTD | $1.4M | 0.02% | 475,731 | Common | SOLE |
| 464288257 | ACWI | ISHARES MSCI ACWI ETF | $1.1M | 0.02% | 8,460 | Common | SOLE |
| 464287465 | EFA | ISHARES MSCI EAFE ETF | $631,417 | 0.01% | 7,064 | Common | SOLE |
| 922042775 | VEU | VANGUARD FTSE ALL-WORLD EX-US ETF | $600,009 | 0.01% | 8,926 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORP | $573,662 | 0.01% | 3,631 | Common | SOLE |
| N4732M103 | JBS | JBS NV | $501,854 | 0.01% | 34,350 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $467,565 | 0.01% | 940 | Common | SOLE |
| 922042858 | VWO | VANGUARD FTSE EMERGING MARKETS ETF | $353,590 | 0.01% | 7,149 | Common | SOLE |
| 11777Q209 | BTG | B2GOLD CORP | $340,708 | 0.01% | 94,491 | Common | SOLE |
| 66987V109 | NVS | NOVARTIS AG | $252,196 | 0.00% | 2,084 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $214,202 | 0.00% | 37 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $205,786 | 0.00% | 1,003 | Common | SOLE |
| 866082100 | INN | SUMMIT HOTEL PROPERTIES INC | $79,669 | 0.00% | 15,652 | Common | SOLE |
| 74587V107 | PBYI | PUMA BIOTECHNOLOGY INC | $48,346 | 0.00% | 14,095 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.