Causeway Capital Management Portfolio
Causeway Capital Management 13F filer (CIK 0001165797).
Q4 2022 · 81 positions · Total reported value $3.42B · Top-10 concentration 54.0%
Turnover: 56.6% · 22 new · 44 cut · 7 exited
Active Share (vs S&P 500): 94.4% · vs QQQ: 96.4% — share of the book that differs from index weights (higher = more active) · ranking
In its Q4 2022 13F filing, Causeway Capital Management disclosed 81 equity positions with a combined reported value of $3.42B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 54.0% of reported value. HoldingsHub classifies the profile as Mid / Consumer Tilt / High Turnover.
The largest disclosed positions as of Q4 2022 were RYAAY ($575.50M), CNI ($503.09M), TSM ($227.85M). By sector, the heaviest allocations are Consumer Discretionary 36.4%, Technology 20.1%. Versus the prior quarter, allocation shifted toward Consumer Discretionary (+18.2pp), Financials (+2.1pp) and away from Industrials (-0.9pp), Materials (-1.4pp).
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 76% 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 | RYAAY | RYANAIR HOLDINGS PLC | 7.70M | $575.50M | 16.83% | New |
| 2 | CNI | CANADIAN NATL RY CO | 4.24M | $503.09M | 14.71% | Reduce |
| 3 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 3.06M | $227.85M | 6.66% | Reduce |
| 4 | BABA | ALIBABA GROUP HLDG LTD | 1.38M | $121.99M | 3.57% | Add |
| 5 | CNXC | CONCENTRIX CORP | 628.31K | $83.67M | 2.45% | Reduce |
| 6 | DIS | DISNEY WALT CO | 788.93K | $68.54M | 2.00% | Add |
| 7 | G | GENPACT LIMITED | 1.47M | $67.96M | 1.99% | Reduce |
| 8 | PDD | PDD HOLDINGS INC | 813.15K | $66.31M | 1.94% | Add |
| 9 | FISV | FISERV INC | 647.48K | $65.44M | 1.91% | Reduce |
| 10 | BERY | BERRY GLOBAL GROUP INC | 1.08M | $65.18M | 1.91% | Reduce |
| 11 | BKNG | BOOKING HOLDINGS INC. | 31.51K | $63.51M | 1.86% | Reduce |
| 12 | LVS | LAS VEGAS SANDS CORP | 1.29M | $62.23M | 1.82% | Reduce |
| 13 | GOOG | ALPHABET INC | 684.94K | $60.77M | 1.78% | Add |
| 14 | CARR | CARRIER GLOBAL CORPORATION | 1.45M | $59.64M | 1.74% | Reduce |
| 15 | C | CITIGROUP INC | 1.30M | $58.70M | 1.72% | Add |
| 16 | ZBH | ZIMMER BIOMET HOLDINGS INC | 431.96K | $55.08M | 1.61% | Reduce |
| 17 | GE | GE AEROSPACE | 655.81K | $54.95M | 1.61% | New |
| 18 | IBN | ICICI BANK LIMITED | 2.46M | $53.74M | 1.57% | Reduce |
| 19 | WRK | WESTROCK CO | 1.49M | $52.35M | 1.53% | Add |
| 20 | MDLZ | MONDELEZ INTL INC | 763.78K | $50.91M | 1.49% | Reduce |
| 21 | JD | JD.COM INC | 836.24K | $46.94M | 1.37% | Add |
| 22 | QFIN | QFIN HOLDINGS INC | 2.30M | $46.80M | 1.37% | Add |
| 23 | TME | TENCENT MUSIC ENTMT GROUP | 5.63M | $46.64M | 1.36% | Add |
| 24 | FINV | FINVOLUTION GROUP | 8.27M | $41.02M | 1.20% | New |
| 25 | META | META PLATFORMS INC. CLASS A | 312.24K | $37.58M | 1.10% | Reduce |
| 26 | PBRA | PETROLEO BRASILEIRO S A | 3.96M | $36.82M | 1.08% | Reduce |
| 27 | PUK | PRUDENTIAL PLC | 1.31M | $36.01M | 1.05% | Add |
| 28 | SNX | TD SYNNEX CORPORATION | 368.77K | $34.93M | 1.02% | Reduce |
| 29 | VIPS | VIPSHOP HLDGS LTD | 2.53M | $34.49M | 1.01% | Add |
| 30 | LDOS | LEIDOS HOLDINGS INC | 325.55K | $34.24M | 1.00% | Reduce |
| 31 | DQ | DAQO NEW ENERGY CORP | 784.25K | $30.28M | 0.89% | Reduce |
| 32 | AVTR | AVANTOR INC | 1.36M | $28.73M | 0.84% | Add |
| 33 | SAP | SAP SE | 269.76K | $27.84M | 0.81% | Reduce |
| 34 | WFC | WELLS FARGO & CO | 652.58K | $26.95M | 0.79% | Reduce |
| 35 | BBD | BANCO BRADESCO S A | 8.71M | $25.10M | 0.73% | New |
| 36 | SABR | SABRE CORP | 3.66M | $22.63M | 0.66% | Reduce |
| 37 | JLL | JONES LANG LASALLE INCORPORATED | 136.12K | $21.69M | 0.63% | Add |
| 38 | TER | TERADYNE INC | 238.38K | $20.82M | 0.61% | New |
| 39 | TAK | TAKEDA PHARMACEUTICAL CO LTD | 1.33M | $20.75M | 0.61% | Reduce |
| 40 | AVGO | BROADCOM INC | 36.59K | $20.46M | 0.60% | Reduce |
| 41 | NVS | NOVARTIS AG | 222.83K | $20.22M | 0.59% | Reduce |
| 42 | BCS | BARCLAYS PLC | 2.55M | $19.87M | 0.58% | Add |
| 43 | SNY | SANOFI SA | 404.46K | $19.59M | 0.57% | Reduce |
| 44 | AZN | ASTRAZENECA PLC | 288.62K | $19.57M | 0.57% | Reduce |
| 45 | RELX | RELX PLC | 701.00K | $19.43M | 0.57% | Reduce |
| 46 | KSA | ISHARES TR | 502.23K | $18.94M | 0.55% | Reduce |
| 47 | INFY | INFOSYS LTD | 1.02M | $18.36M | 0.54% | Reduce |
| 48 | ASHR | DBX ETF TR | 633.19K | $17.74M | 0.52% | Reduce |
| 49 | ING | ING GROEP N.V. | 1.27M | $15.50M | 0.45% | Reduce |
| 50 | SMFG | SUMITOMO MITSUI FIN GRP INC | 1.62M | $13.02M | 0.38% | Reduce |