CAUSEWAY CAPITAL MANAGEMENT LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ASTRAZENECA PLC | AZN | $1.8B | 9,357,390 | +1.31pp | 2q | +26.1%+$362.3M | |
| CARNIVAL CORP LTD | CCL | $1.2B | 41,190,606 | - | new | NEW | |
| DEUTSCHE BK AG | DB | $994.2M | 29,358,318 | +1.89pp | 6q | +17.6%+$148.9M | |
| SMURFIT WESTROCK PLC | SW | $695.7M | 15,039,041 | -0.08pp | 8q | -3.4%-$24.4M | |
| CANADIAN PACIFIC KANSAS CITY | CP | $581.7M | 6,711,483 | -2.17pp | 12q | -23.7%-$180.3M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $254.1M | 532,052 | +0.64pp | 31q | +4.6%+$11.3M | |
| ALASKA AIR GROUP INC | ALK | $166.2M | 3,183,163 | +0.67pp | 3q | +27.2%+$35.5M | |
| CARRIER GLOBAL CORPORATION | CARR | $159.8M | 2,178,506 | +0.28pp | 4q | +3.6%+$5.5M | |
| LIVE NATION ENTERTAINMENT IN | LYV | $129.3M | 706,301 | +0.41pp | 8q | +34.2%+$32.9M | |
| MERCK & CO INC | MRK | $122.7M | 954,932 | +0.07pp | 7q | +11.8%+$12.9M | |
| META PLATFORMS INC | META | $113.5M | 201,459 | +0.21pp | 21q | +39.1%+$31.9M | |
| ALPHABET INC | GOOG | $111.7M | 316,217 | +0.02pp | 24q | -6.2%-$7.4M | |
| BARCLAYS PLC | BCS | $106.8M | 3,975,718 | +0.10pp | 31q | -2.4%-$2.6M | |
| CREDICORP LTD | BAP | $99.5M | 255,436 | +0.06pp | 9q | +4.2%+$4.0M | |
| SAP SE | SAP | $97.1M | 629,801 | +0.09pp | 30q | +38.1%+$26.8M | |
| ALIBABA GROUP HLDG LTD | BABA | $95.5M | 995,040 | -0.61pp | 31q | -6.9%-$7.1M | |
| AXIS CAP HLDGS LTD | AXS | $92.4M | 859,727 | -0.02pp | 8q | +5.4%+$4.7M | |
| EVEREST GROUP LTD | EG | $90.3M | 252,702 | -0.03pp | 4q | +1.1%+$962.4K | |
| INGERSOLL RAND INC | IR | $84.8M | 1,033,693 | +0.30pp | 5q | +65.1%+$33.4M | |
| KONINKLIJKE PHILIPS N V | PHG | $83.3M | 3,061,962 | +0.08pp | 18q | +24.7%+$16.5M | |
| NOVO-NORDISK A S | NVO | $80.4M | 1,677,615 | +0.34pp | 5q | +42.9%+$24.1M | |
| JONES LANG LASALLE INC | JLL | $76.9M | 248,252 | +0.14pp | 17q | +33.3%+$19.2M | |
| CITIZENS FINL GROUP INC | CFG | $75.5M | 1,077,093 | +0.05pp | 13q | +2.7%+$2.0M | |
| NETEASE COM INC | NTES | $73.3M | 572,412 | - | new | NEW | |
| DIAGEO PLC | DEO | $72.3M | 899,015 | +0.17pp | 14q | +34.9%+$18.7M | |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $67.9M | 788,810 | -0.16pp | 19q | -2.4%-$1.7M | |
| BOEING CO | BA | $67.8M | 313,048 | -0.03pp | 3q | HELD | |
| CITIGROUP INC | C | $64.2M | 458,858 | -0.19pp | 31q | -27.7%-$24.6M | |
| NATWEST GROUP PLC | NWG | $61.5M | 3,487,290 | +0.12pp | 12q | +16.7%+$8.8M | |
| BIOGEN INC | BIIB | $60.1M | 278,283 | +0.02pp | 7q | -0.9%-$540.1K | |
| GOLD FIELDS LTD | GFI | $57.5M | 1,713,233 | -0.29pp | 5q | +4.8%+$2.7M | |
| ANALOG DEVICES INC | ADI | $56.4M | 142,050 | -0.18pp | 11q | -29.6%-$23.7M | |
| RELX PLC | RELX | $55.8M | 1,762,329 | -0.33pp | 22q | -23.6%-$17.2M | |
| ANGLOGOLD ASHANTI PLC | AU | $55.7M | 688,027 | -0.46pp | 7q | -23.5%-$17.1M | |
| ING GROEP N.V. | ING | $53.1M | 1,690,687 | +0.08pp | 31q | +9.9%+$4.8M | |
| BOOZ ALLEN HAMILTON HLDG COR | BAH | $51.6M | 849,966 | -0.26pp | 3q | -0.9%-$454.8K | |
| TEXAS INSTRS INC | TXN | $49.6M | 166,496 | +0.05pp | 2q | -19.3%-$11.8M | |
| NATIONAL GRID PLC | NGG | $48.9M | 590,240 | -0.03pp | 5q | +9.6%+$4.3M | |
| DTE ENERGY CO | DTE | $48.8M | 320,526 | -0.05pp | 2q | HELD | |
| PFIZER INC | PFE | $46.2M | 1,916,801 | -0.16pp | 9q | HELD | |
| PETROLEO BRASILEIRO S A | PBRA | $45.3M | 3,096,624 | +0.15pp | 2q | +107.0%+$23.4M | |
| PRUDENTIAL PLC | PUK | $45.3M | 1,689,218 | +0.03pp | 31q | +27.9%+$9.9M | |
| SMITH & NEPHEW PLC | SNN | $45.1M | 1,565,167 | +0.12pp | 7q | +64.2%+$17.6M | |
| TAL ED GROUP | TAL | $39.5M | 4,125,430 | -0.06pp | 2q | +18.6%+$6.2M | |
| ISHARES TR | SMIN | $38.4M | 542,849 | +0.07pp | 12q | +15.1%+$5.0M | |
| UNITEDHEALTH GROUP INC | UNH | $36.3M | 87,447 | +0.15pp | 2q | +21.7%+$6.5M | |
| DISNEY WALT CO | DIS | $34.7M | 360,600 | -0.29pp | 26q | -35.6%-$19.2M | |
| SANOFI SA | SNY | $34.3M | 804,056 | -0.26pp | 25q | -24.5%-$11.1M | |
| BRITISH AMERN TOB PLC | BTI | $33.8M | 547,925 | +0.01pp | 31q | +9.4%+$2.9M | |
| SUMITOMO MITSUI FIN GRP INC | SMFG | $32.8M | 1,392,610 | +0.05pp | 5q | +9.9%+$3.0M | |
| VISTA ENERGY S.A.B. DE C.V. | VIST | $32.0M | 501,275 | +0.14pp | 2q | +126.9%+$17.9M | |
| ISHARES TR | INDA | $31.0M | 628,500 | +0.07pp | 29q | +36.9%+$8.4M | |
| BOSTON SCIENTIFIC CORP | BSX | $30.7M | 720,339 | - | new | NEW | |
| JD.COM INC | JD | $30.6M | 1,199,207 | - | new | NEW | |
| VANGUARD TAX-MANAGED FDS | VEA | $30.4M | 427,314 | -0.25pp | 17q | -42.0%-$22.0M | |
| GERDAU SA | GGB | $29.2M | 7,229,538 | +0.01pp | 14q | +5.7%+$1.6M | |
| ANHEUSER BUSCH INBEV SA/NV | BUD | $28.6M | 347,657 | -0.18pp | 16q | -40.1%-$19.2M | |
| PAGSEGURO DIGITAL LTD | PAGS | $28.3M | 3,130,268 | -0.19pp | 5q | -22.6%-$8.3M | |
| BXP INC | BXP | $25.1M | 378,480 | +0.03pp | 5q | -0.6%-$151.3K | |
| H WORLD GROUP LTD | HTHT | $23.8M | 570,437 | - | new | NEW | |
| OCEANAGOLD CORP | OGC | $22.8M | 911,012 | - | new | NEW | |
| CENTERRA GOLD INC | CGAU | $20.4M | 1,285,398 | -0.05pp | 5q | +3.2%+$640.0K | |
| GENPACT LIMITED | G | $19.5M | 710,380 | -0.68pp | 25q | -63.5%-$34.1M | |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | $19.2M | 494,846 | -0.93pp | 9q | -67.1%-$39.1M | |
| ZIM INTEGRATED SHIPPING SERV | ZIM | $18.1M | 694,474 | -0.09pp | 8q | -21.9%-$5.1M | |
| FORTUNA MNG CORP | FSM | $17.6M | 2,086,645 | +0.04pp | 4q | +66.8%+$7.1M | |
| WEIBO CORP | WB | $16.8M | 2,317,577 | -0.10pp | 10q | -13.1%-$2.5M | |
| ARCOS DORADOS HLDGS INC | ARCO | $15.8M | 1,961,513 | - | new | NEW | |
| ICICI BANK LIMITED | IBN | $13.0M | 447,935 | flat | 31q | -0.7%-$85.7K | |
| VANGUARD INTL EQUITY INDEX F | VSS | $12.5M | 80,907 | -0.05pp | 15q | -21.9%-$3.5M | |
| TORONTO DOMINION BK ONT | TD | $11.8M | 97,238 | - | new | NEW | |
| FINVOLUTION GROUP | FINV | $10.9M | 2,285,880 | -0.02pp | 15q | -4.8%-$551.8K | |
| GRUPO CIBEST SA | CIB | $10.9M | 136,620 | flat | 2q | +3.2%+$338.1K | |
| HDFC BANK LTD | HDB | $10.2M | 395,855 | -0.01pp | 31q | -0.8%-$85.7K | |
| CANADIAN IMPERIAL BANK OF CO | CM | $9.6M | 83,789 | - | new | NEW | |
| BW LPG LTD | BWLP | $8.0M | 457,050 | +0.08pp | 2q | +2889.0%+$7.7M | |
| SUNCOR ENERGY INC NEW | SU | $7.4M | 138,526 | - | new | NEW | |
| JOYY INC | JOYY | $7.2M | 109,297 | -0.46pp | 6q | -85.4%-$42.3M | |
| CELESTICA INC | CLS | $7.1M | 19,598 | -0.01pp | 6q | -21.0%-$1.9M | |
| ISHARES TR | KSA | $6.6M | 177,079 | +0.05pp | 2q | +234.8%+$4.6M | |
| MILLICOM INTL CELLULAR S A | TIGO | $6.0M | 65,932 | -0.13pp | 4q | -68.4%-$13.0M | |
| INFOSYS LTD | INFY | $5.5M | 526,963 | -0.25pp | 31q | -72.2%-$14.4M | |
| ISHARES TR | EEM | $5.1M | 74,974 | - | new | NEW | |
| ISHARES INC | EWT | $4.9M | 45,108 | +0.02pp | 4q | +21.4%+$864.2K | |
| HAFNIA LTD | HAFN | $4.6M | 697,424 | +0.04pp | 2q | +1182.8%+$4.2M | |
| STANTEC INC | STN | $3.9M | 56,200 | - | new | NEW | |
| GLOBAL E ONLINE LTD | GLBE | $3.5M | 102,195 | - | new | NEW | |
| MAKEMYTRIP LIMITED MAURITIUS | MMYT | $3.4M | 64,145 | +0.01pp | 15q | -0.6%-$21.3K | |
| MAGNA INTL INC | MGA | $3.0M | 45,900 | - | new | NEW | |
| IAMGOLD CORP | IAG | $2.7M | 172,916 | - | new | NEW | |
| ISHARES TR | EFA | $2.2M | 20,761 | -0.02pp | 10q | -45.0%-$1.8M | |
| VANGUARD INTL EQUITY INDEX F | VWO | $2.1M | 35,556 | +0.02pp | 3q | +376.0%+$1.7M | |
| BP PLC | BP | $1.7M | 46,059 | -0.56pp | 31q | -95.4%-$35.2M | |
| ARCELORMITTAL SA LUXEMBOURG | MT | $1.3M | 22,155 | -0.16pp | 9q | -91.7%-$14.7M | |
| VANGUARD INTL EQUITY INDEX F | VEU | $1.3M | 15,389 | +0.01pp | 11q | +148.6%+$770.3K | |
| ITURAN LOCATION AND CONTROL | ITRN | $1.2M | 20,439 | flat | 4q | HELD | |
| ISHARES TR | ACWI | $1.2M | 7,691 | -0.01pp | 12q | -50.1%-$1.2M | |
| WIPRO LTD | WIT | $1.0M | 448,957 | flat | 10q | +1.3%+$13.0K | |
| OPEN TEXT CORP | OTEX | $807.6K | 36,500 | - | new | NEW | |
| CANADIAN NAT RES LTD MED TER | CNQ | $727.8K | 18,400 | - | new | NEW | |
| NVIDIA CORPORATION | NVDA | $713.7K | 3,567 | flat | 10q | -0.6%-$4.4K | |
| ISHARES TR | SCZ | $584.1K | 7,100 | flat | 2q | HELD | |
| INTER & CO INC | INTR | $546.4K | 100,618 | - | new | NEW | |
| ORLA MNG LTD NEW | ORLA | $509.3K | 52,100 | - | new | NEW | |
| SHINHAN FINANCIAL GROUP CO L | SHG | $417.1K | 6,594 | -0.19pp | 8q | -97.4%-$15.6M | |
| GSK PLC | GSK | $375.5K | 7,163 | flat | 17q | -35.5%-$206.9K | |
| B2GOLD CORP | BTG | $354.3K | 94,491 | flat | 9q | HELD | |
| LAM RESEARCH CORP | LRCX | $353.6K | 816 | - | new | NEW | |
| COMFORT SYS USA INC | FIX | $321.1K | 162 | flat | 3q | -12.0%-$43.6K | |
| RENAISSANCERE HLDGS LTD | RNR | $315.0K | 994 | flat | 3q | HELD | |
| BROADCOM INC | AVGO | $303.0K | 802 | flat | 3q | -4.9%-$15.5K | |
| TORM PLC | TRMD | $290.0K | 11,244 | - | new | NEW | |
| APPLE INC | AAPL | $274.0K | 947 | flat | 8q | +2.6%+$6.9K | |
| INMODE LTD | INMD | $265.8K | 18,180 | -0.01pp | 3q | -74.7%-$784.3K | |
| ALLSTATE CORP | ALL | $263.4K | 1,107 | flat | 2q | +10.1%+$24.3K | |
| BARRICK MNG CORP | B | $255.8K | 6,966 | flat | 5q | -10.0%-$28.3K | |
| PRECISION DRILLING CORP | PDS | $252.7K | 3,291 | flat | 3q | HELD | |
| NOVARTIS AG | NVS | $235.2K | 1,501 | flat | 31q | +0.9%+$2.2K | |
| SLM CORP | SLM | $227.6K | 8,774 | - | new | NEW | |
| MICROSOFT CORP | MSFT | $223.8K | 600 | flat | 10q | -22.3%-$64.2K | |
| VICI PPTYS INC | VICI | $212.0K | 7,985 | - | new | NEW | |
| SUMMIT HOTEL PPTYS | INN | $119.6K | 17,063 | flat | 5q | +15.0%+$15.6K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Biotech & Pharma | $2.1B | 22.7% |
| Transport & Logistics | $2.0B | 21.2% |
| Banks & Lending | $1.6B | 16.8% |
| Industrials | $940.6M | 10.2% |
| Software & IT Services | $478.3M | 5.2% |
| Semiconductors & Electronics | $368.3M | 4.0% |
| Business Services | $289.6M | 3.1% |
| Insurance | $264.9M | 2.9% |
| Medical Devices | $227.3M | 2.5% |
| Mining & Metals | $208.5M | 2.3% |
| Telecom & Media | $170.0M | 1.8% |
| Other sectors | $541.3M | 5.9% |
| Not classified | $136.4M | 1.5% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $9.2B | 122 | 23 | 47 | 44 | 8 | 65.3% | 44 |
| Q1 2026 | $8.1B | 107 | 13 | 41 | 44 | 14 | 62.1% | 44 |
| Q4 2025 | $7.3B | 108 | 14 | 52 | 38 | 11 | 57.9% | 44 |
| Q3 2025 | $7.6B | 105 | 14 | 53 | 31 | 8 | 59.0% | 44 |
| Q2 2025 | $6.3B | 99 | 18 | 42 | 30 | 9 | 60.3% | 44 |
| Q1 2025 | $4.8B | 90 | 11 | 40 | 32 | 28 | 57.1% | 44 |
| Q4 2024 | $4.4B | 107 | 22 | 39 | 39 | 12 | 53.6% | 44 |
| Q3 2024 | $4.1B | 97 | 15 | 43 | 35 | 8 | 48.0% | 44 |
| Q2 2024 | $3.7B | 90 | 11 | 40 | 34 | 10 | 43.6% | 44 |
| Q1 2024 | $3.8B | 89 | 10 | 37 | 37 | 10 | 46.2% | 45 |
| Q4 2023 | $3.9B | 89 | 10 | 41 | 31 | 10 | 45.0% | 45 |
| Q3 2023 | $3.8B | 89 | 16 | 40 | 29 | 8 | 49.5% | 44 |
| Q2 2023 | $3.8B | 81 | 9 | 31 | 37 | 9 | 54.5% | 42 |
| Q1 2023 | $4.2B | 81 | 10 | 34 | 35 | 12 | 59.9% | 42 |
| Q4 2022 | $3.4B | 83 | 14 | 19 | 49 | 12 | 53.6% | 44 |
| Q3 2022 | $3.6B | 81 | 14 | 20 | 44 | 13 | 55.7% | 45 |
| Q2 2022 | $4.0B | 80 | 12 | 24 | 40 | 7 | 54.0% | 46 |
| Q1 2022 | $4.2B | 75 | 6 | 35 | 27 | 13 | 51.2% | 43 |
| Q4 2021 | $4.5B | 82 | 10 | 42 | 27 | 9 | 47.2% | 42 |
| Q3 2021 | $4.4B | 81 | 11 | 19 | 45 | 8 | 47.4% | 43 |
| Q2 2021 | $4.9B | 78 | 5 | 26 | 39 | 9 | 46.0% | 44 |
| Q1 2021 | $5.1B | 82 | 12 | 32 | 33 | 10 | 49.6% | 44 |
| Q4 2020 | $5.3B | 80 | 8 | 18 | 50 | 7 | 54.8% | 43 |
| Q3 2020 | $5.4B | 79 | 11 | 27 | 40 | 11 | 55.2% | 44 |
| Q2 2020 | $5.6B | 79 | 8 | 17 | 51 | 14 | 57.6% | 45 |
| Q1 2020 | $6.3B | 85 | 14 | 37 | 27 | 16 | 54.1% | 45 |
| Q4 2019 | $9.3B | 87 | 11 | 26 | 36 | 10 | 53.9% | 45 |
| Q3 2019 | $8.4B | 86 | 5 | 23 | 44 | 6 | 52.8% | 45 |
| Q2 2019 | $9.1B | 87 | 7 | 33 | 34 | 9 | 53.5% | 45 |
| Q1 2019 | $9.9B | 89 | 10 | 29 | 33 | 11 | 59.6% | 45 |
| Q4 2018 | $8.4B | 90 | 0 | 0 | 0 | 0 | 52.5% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.