CAUSEWAY CAPITAL MANAGEMENT LLC

Long Only Manager

CAUSEWAY CAPITAL MANAGEMENT LLC is a Long Only Manager based in Los Angeles, CA led by Sarah Hotchkis Ketterer, reporting $42.7B in AUM as of Q3 2025 with 59% concentrated in top 10 holdings.

CEOSarah Hotchkis Ketterer

Portfolio Value: $7.6B
Positions: 104
Top Holding: CP at 13.31%
Last Reported: Q3 2025

Address11111 Santa Monica Boulevard, 15th Floor, Los Angeles, CA, 90025, United States

Top Holdings

Largest long holdings in CAUSEWAY CAPITAL MANAGEMENT LLC's portfolio (59% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Canadian Pacific Kansas City CP	Railroads Industrials	$1.0B	13.31%	-$86.2M Sold	1.47% 13.5M shares	Q3 2023 Held for 2y 2m
2 Carnival Corporation CCL	Leisure Consumer Cyclical	$922.6M	12.19%	+$80.5M Bought	2.43% 31.9M shares	Q1 2025 Held for 8 months
3 Deutsche Bank DB	Banks - Regional Financial Services	$620.2M	8.19%	-$59.7M Sold	0.91% 17.6M shares	Q1 2025 Held for 8 months
4 Barnes Group B	Industrial - Machinery Industrials	$514.6M	6.80%	-$64.2M Sold	0.92% 15.7M shares	Q1 2025 Held for 8 months
5 iShares MSCI EAFE EFA	ETF ETF	$463.1M	6.12%	+$462.4M Bought	— 5.0M shares	Q3 2023 Held for 2y 2m
6 Smurfit Kappa Group SW	Unknown Unknown	$320.3M	4.23%	+$21.6M Bought	1.44% 7.5M shares	Q3 2024 Held for 1y 2m
7 BABA Alibaba Group Holding Limited BABA	Unknown Unknown	$220.1M	2.91%	-$2.0M Sold	— 1.2M shares	Q4 2022 Held for 2y 11m
8 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$154.0M	2.03%	-$21.8M Sold	0.01% 632.2K shares	Q3 2020 Held for 5y 2m
9 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$141.8M	1.87%	-$2.8M Sold	— 507.8K shares	Q4 2022 Held for 2y 11m
10 Citigroup C	Banks - Diversified Financial Services	$101.3M	1.34%	-$26.6M Sold	0.05% 998.1K shares	≤ Q2 2013 Held for 12y 5m+

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in CAUSEWAY CAPITAL MANAGEMENT LLC's latest filing

See all changes

GthenC

Market Value

$7.6B

Prior: $6.3B

Q/Q Change

+19.81%

+$1.3B

Net Flows % of MV

+6.55%

Turnover Ratio

12.44%

New Purchases

5 stocks

$65.2M

Added To

53 stocks

+$1.0B

Sold Out Of

8 stocks

$170.5M

Reduced Holdings

31 stocks

-$444.5M

Increased Positions

Position	Shares Δ	Change
1 Everest Group EG	New	0 → 175.7K +$61.5M
2 Millicom International Cellular TIGO	New	0 → 38.0K +$1.8M
3 Fortuna Mining FSM	New	0 → 115.9K +$1.0M
4 Ituran Location and Control ITRN	New	0 → 20.4K +$730.1K
5 ADT ADT	New	0 → 10.9K +$95.2K

Decreased Positions

Position	Shares Δ	Change
1 JD JD.com JD	Sold	1.9M → 0 −$60.5M
2 International Flavors & Fragrances IFF	Sold	622.7K → 0 −$45.8M
3 PG&E PCG	Sold	2.7M → 0 −$38.2M
4 Mercado Libre MELI	Sold	4.5K → 0 −$11.8M
5 TD SYNNEX SNX	Sold	62.9K → 0 −$8.5M

See all changes

GthenC

Analytics

Portfolio insights and performance metrics for CAUSEWAY CAPITAL MANAGEMENT LLC

View analytics

GthenA

Sector Allocation

Industrials

22.10%

Consumer Cyclical

14.40%

Financial Services

13.90%

ETF

8.80%

Technology

6.60%

Healthcare

4.80%

Communication Services

4.30%

Real Estate

0.70%

Basic Materials

0.60%

Market Cap Distribution

Mega Cap (> $200B)

5.97%

Large Cap ($10B - $200B)

58.05%

Mid Cap ($2B - $10B)

4.83%

Small Cap ($300M - $2B)

0.20%

Micro Cap ($50M - $300M)

0.00%

Nano Cap (< $50M)

0.61%

N/A (ETF or Unknown)

30.35%

Portfolio Concentration

Top 10 Holdings %

58.99%

Top 20 Holdings %

70.28%

Top 50 Holdings %

90.49%

Top 100 Holdings %

99.99%