CAUSEWAY CAPITAL MANAGEMENT LLC — 13F Holdings & Portfolio
CIK 1165797 · latest 13F-HR filed 2026-08-13
CAUSEWAY CAPITAL MANAGEMENT LLC manages $9.24B in 13F-reported U.S. long-equity assets across 122 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AZN (18.97%), CCL (12.74%), DB (10.77%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 23 new positions, exited 8, added to 57, and trimmed 35.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$9.24B
Long-equity book
122
Distinct positions
2026-06-30
Filed 2026-08-13
+23 / −8 / ↑57 / ↓35
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Share-count changes vs the prior 13F.
Top Adds (vs prior quarter)
- ASTRAZENECA PLC$313.3M +21.8%
- DEUTSCHE BANK AG$270.8M +37.4%
- TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$82.3M +47.9%
- SMURFIT WESTROCK PLC$75.4M +12.2%
- ALASKA AIR GROUP INC$74.1M +80.5%
Top Trims
- CANADIAN PACIFIC KANSAS CITY LTD-$108.2M -15.7%
- COGNIZANT TECHNOLOGY SOLUTIONS CORP-$73.1M -79.2%
- GENPACT LTD-$53.1M -73.1%
- BP PLC-$45.2M -96.4%
- ALIBABA GROUP HOLDING LTD-$38.6M -28.8%
New Positions
- CARNIVAL CORP LTD$1.18B
- NETEASE INC$73.3M
- BOSTON SCIENTIFIC CORP$30.7M
- JD.COM INC$30.6M
- H WORLD GROUP LTD$23.8M
Exited Positions
- CARNIVAL CORP$960.1M
- WHIRLPOOL CORP$64.8M
- APTIV PLC$47.5M
- PDD HOLDINGS INC$24.2M
- TENCENT MUSIC ENTERTAINMENT GROUP$5.7M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ASTRAZENECA PLC | AZN | G0593M107 | $1.75B | 18.97% | 9,357,390 | SH |
| 2 | CARNIVAL CORP LTD | CCL | G2004J103 | $1.18B | 12.74% | 41,190,606 | SH |
| 3 | DEUTSCHE BANK AG | DB | D18190898 | $994.2M | 10.77% | 29,358,318 | SH |
| 4 | SMURFIT WESTROCK PLC | SW | G8267P108 | $695.7M | 7.53% | 15,039,041 | SH |
| 5 | CANADIAN PACIFIC KANSAS CITY LTD | CP | 13646K108 | $581.7M | 6.30% | 6,711,483 | SH |
| 6 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | TSM | 874039100 | $254.1M | 2.75% | 532,052 | SH |
| 7 | ALASKA AIR GROUP INC | ALK | 011659109 | $166.2M | 1.80% | 3,183,163 | SH |
| 8 | CARRIER GLOBAL CORP | CARR | 14448C104 | $159.8M | 1.73% | 2,178,506 | SH |
| 9 | LIVE NATION ENTERTAINMENT INC | LYV | 538034109 | $129.3M | 1.40% | 706,301 | SH |
| 10 | MERCK & CO INC | MRK | 58933Y105 | $122.7M | 1.33% | 954,932 | SH |
| 11 | META PLATFORMS INC | META | 30303M102 | $113.5M | 1.23% | 201,459 | SH |
| 12 | ALPHABET INC | GOOG | 02079K107 | $111.7M | 1.21% | 316,217 | SH |
| 13 | BARCLAYS PLC | BCS | 06738E204 | $106.8M | 1.16% | 3,975,718 | SH |
| 14 | CREDICORP LTD | BAP | G2519Y108 | $99.5M | 1.08% | 255,436 | SH |
| 15 | SAP SE | SAP | 803054204 | $97.1M | 1.05% | 629,801 | SH |
| 16 | ALIBABA GROUP HOLDING LTD | BABA | 01609W102 | $95.5M | 1.03% | 995,040 | SH |
| 17 | AXIS CAPITAL HOLDINGS LTD | AXS | G0692U109 | $92.4M | 1.00% | 859,727 | SH |
| 18 | EVEREST GROUP LTD | EG | G3223R108 | $90.3M | 0.98% | 252,702 | SH |
| 19 | INGERSOLL RAND INC | IR | 45687V106 | $84.8M | 0.92% | 1,033,693 | SH |
| 20 | KONINKLIJKE PHILIPS NV | PHG | 500472303 | $83.3M | 0.90% | 3,061,962 | SH |
| 21 | NOVO NORDISK A/S | NVO | 670100205 | $80.4M | 0.87% | 1,677,615 | SH |
| 22 | JONES LANG LASALLE INC | JLL | 48020Q107 | $76.9M | 0.83% | 248,252 | SH |
| 23 | CITIZENS FINANCIAL GROUP INC | CFG | 174610105 | $75.5M | 0.82% | 1,077,093 | SH |
| 24 | NETEASE INC | NTES | 64110W102 | $73.3M | 0.79% | 572,412 | SH |
| 25 | DIAGEO PLC | DEO | 25243Q205 | $72.3M | 0.78% | 899,015 | SH |
| 26 | ZIMMER BIOMET HOLDINGS INC | ZBH | 98956P102 | $67.9M | 0.74% | 788,810 | SH |
| 27 | BOEING CO/THE | BA | 097023105 | $67.8M | 0.73% | 313,048 | SH |
| 28 | CITIGROUP INC | C | 172967424 | $64.2M | 0.70% | 458,858 | SH |
| 29 | NATWEST GROUP PLC | NWG | 639057207 | $61.5M | 0.67% | 3,487,290 | SH |
| 30 | BIOGEN INC | BIIB | 09062X103 | $60.1M | 0.65% | 278,283 | SH |
| 31 | GOLD FIELDS LTD | GFI | 38059T106 | $57.5M | 0.62% | 1,713,233 | SH |
| 32 | ANALOG DEVICES INC | ADI | 032654105 | $56.4M | 0.61% | 142,050 | SH |
| 33 | RELX PLC | RELX | 759530108 | $55.8M | 0.60% | 1,762,329 | SH |
| 34 | ANGLOGOLD ASHANTI PLC | AU | G0378L100 | $55.7M | 0.60% | 688,027 | SH |
| 35 | ING GROEP NV | ING | 456837103 | $53.1M | 0.57% | 1,690,687 | SH |
| 36 | BOOZ ALLEN HAMILTON HOLDING CORP | BAH | 099502106 | $51.6M | 0.56% | 849,966 | SH |
| 37 | TEXAS INSTRUMENTS INC | TXN | 882508104 | $49.6M | 0.54% | 166,496 | SH |
| 38 | NATIONAL GRID PLC | NGG | 636274409 | $48.9M | 0.53% | 590,240 | SH |
| 39 | DTE ENERGY CO | DTE | 233331107 | $48.8M | 0.53% | 320,526 | SH |
| 40 | PFIZER INC | PFE | 717081103 | $46.2M | 0.50% | 1,916,801 | SH |
| 41 | PETROLEO BRASILEIRO SA - PETROBRAS | PBR.A | 71654V101 | $45.3M | 0.49% | 3,096,624 | SH |
| 42 | PRUDENTIAL PLC | PUK | 74435K204 | $45.3M | 0.49% | 1,689,218 | SH |
| 43 | SMITH & NEPHEW PLC | SNN | 83175M205 | $45.1M | 0.49% | 1,565,167 | SH |
| 44 | TAL EDUCATION GROUP | TAL | 874080104 | $39.5M | 0.43% | 4,125,430 | SH |
| 45 | ISHARES MSCI INDIA SMALL-CAP ETF | SMIN | 46429B614 | $38.4M | 0.42% | 542,849 | SH |
| 46 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $36.3M | 0.39% | 87,447 | SH |
| 47 | WALT DISNEY CO/THE | DIS | 254687106 | $34.7M | 0.38% | 360,600 | SH |
| 48 | SANOFI SA | SNY | 80105N105 | $34.3M | 0.37% | 804,056 | SH |
| 49 | BRITISH AMERICAN TOBACCO PLC | BTI | 110448107 | $33.8M | 0.37% | 547,925 | SH |
| 50 | SUMITOMO MITSUI FINANCIAL GROUP INC | SMFG | 86562M209 | $32.8M | 0.36% | 1,392,610 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | $9.24B | 122 | 0000945621-26-001052 |
| 2026-03-31 | 2026-05-14 | $8.15B | 107 | 0000945621-26-000700 |
| 2025-12-31 | 2026-02-13 | $7.27B | 108 | 0000945621-26-000303 |
| 2025-09-30 | 2025-11-13 | $7.57B | 105 | 0000945621-25-001081 |
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LOS ANGELES, CA 90025