Causeway Capital Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Causeway Capital Management LLC reported 97 stock positions worth $4.1 billion. Its top holding was Canadian Pacific Kansas City (CP) at 18.4% of the portfolio, followed by Check Point Software Tech (CHKP, 6.8%) and Smurfit Westrock (SW, 5.1%). Compared with Q2 2024, it opened 15 new positions, sold out of 8, added to 43 and reduced 36. The biggest buy was Check Point Software Tech (CHKP, shares +571%) and the biggest sale Ryanair Holdings PLC-SP ADR (RYAAY, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001165797
- Portfolio Value
- $4.1B (Q3 2024)
- SEC Filing
- 0000943663-24-000262 ↗ filed Nov 13, 2024
Holdings Value
Holdings 97 stocks · $4.1B
| CP Canadian Pacific Kansas City | 18.39% | 8,742,034 | $748.4M | Add +9.0% |
| CHKP Check Point Software Tech | 6.83% | 1,441,781 | $278.0M | Add +570.6% |
| SW Smurfit Westrock PLC | 5.10% | 4,197,579 | $207.4M | New |
| BBD Banco Bradesco-ADR | 3.01% | 45,975,637 | $122.3M | Reduce -9.4% |
| EFA iShares MSCI Eafe ETF | 2.67% | 1,299,033 | $108.6M | Add +13600.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.62% | 1,107,223 | $106.5M | Add +12.3% |
| PDD PDD Holdings Inc. | 2.55% | 768,777 | $103.6M | Add +3.3% |
| BABA Alibaba Group Holding-SP ADR | 2.31% | 887,317 | $94.2M | Add +37.2% |
| GOOG Alphabet Inc. Class C | 2.30% | 560,716 | $93.7M | Add +14.8% |
| TSM Taiwan Semiconductor-SP ADR | 2.26% | 528,851 | $91.8M | Add +4.6% |
| ZBH Zimmer Biomet Holdings Inc. | 2.11% | 794,288 | $85.7M | Add +20.2% |
| C Citigroup Inc. | 1.98% | 1,286,229 | $80.5M | Add +10.4% |
| ADI Analog Devices Inc. | 1.93% | 340,716 | $78.4M | Add +10.0% |
| SNX TD Synnex Corp. | 1.87% | 633,477 | $76.1M | Reduce -0.8% |
| PCG P G & E Corp. | 1.85% | 3,812,446 | $75.4M | Reduce -9.8% |
| CTSH Cognizant Tech Solutions-A | 1.85% | 974,282 | $75.2M | Add +9.0% |
| G Genpact Ltd. | 1.69% | 1,753,172 | $68.7M | Reduce -16.5% |
| ORCL Oracle Corp. | 1.66% | 397,356 | $67.7M | Reduce -20.2% |
| BCS Barclays PLC-Spons ADR | 1.63% | 5,445,970 | $66.2M | Add +0.6% |
| PFE Pfizer Inc. | 1.57% | 2,211,310 | $64.0M | Add +10.4% |
| META Meta Platforms Inc. Class A | 1.48% | 104,936 | $60.1M | Reduce -30.7% |
| JD Jd.com Inc.-ADR | 1.45% | 1,471,091 | $58.8M | Add +49.7% |
| DGX Quest Diagnostics Inc. | 1.30% | 342,060 | $53.1M | Reduce -28.2% |
| FISV Fiserv Inc. | 1.29% | 292,231 | $52.5M | Reduce -32.2% |
| LYV Live Nation Entertainment Inc. | 1.26% | 469,127 | $51.4M | New |
| JLL Jones Lang Lasalle Inc. | 1.22% | 184,742 | $49.8M | Reduce -35.6% |
| DEO Diageo PLC-Sponsored ADR | 1.02% | 296,927 | $41.7M | Add +25.8% |
| PHG Koninklijke Philips NVR- NY | 1.02% | 1,263,422 | $41.3M | Reduce -2.0% |
| SAP Sap SE-Sponsored ADR | 1.01% | 179,048 | $41.0M | Reduce -13.8% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 1.01% | 1,373,338 | $40.9M | Add +7.9% |
| PUK Prudential PLC-ADR | 0.97% | 2,136,769 | $39.6M | Add +1.9% |
| BMY Bristol-Myers Squibb Co. | 0.95% | 750,455 | $38.8M | Add +3.2% |
| AZN Astrazeneca PLC-Spons ADR | 0.94% | 490,439 | $38.2M | Add +8.8% |
| BP BP PLC-Spons ADR | 0.91% | 1,184,453 | $37.2M | Reduce -10.0% |
| GSK GSK PLC-Spon ADR | 0.90% | 897,406 | $36.7M | Add +19.1% |
| CFG Citizens Financial Group | 0.90% | 887,320 | $36.4M | Reduce -32.6% |
| STX Seagate Technology Holdings | 0.89% | 330,110 | $36.2M | Reduce -13.6% |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 0.84% | 472,889 | $34.1M | Add +18.8% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.83% | 508,607 | $33.7M | Add +4.2% |
| AXS Axis Capital Holdings Ltd. | 0.80% | 406,723 | $32.4M | New |
| VIPS Vipshop Holdings Ltd. - ADR | 0.73% | 1,896,196 | $29.8M | Reduce -44.0% |
| SNY Sanofi-ADR | 0.70% | 497,482 | $28.7M | Add +3.3% |
| BTI British American Tob-SP ADR | 0.68% | 754,901 | $27.6M | Add +3.0% |
| FINV Finvolution Group-ADR | 0.66% | 4,345,275 | $26.9M | Add +8.9% |
| VEA Vanguard Ftse Developed ETF | 0.63% | 485,531 | $25.6M | Reduce -26.9% |
| MT Arcelormittal-NY Registered | 0.61% | 946,245 | $24.8M | Add +177.4% |
| CNXC Concentrix Corp. | 0.55% | 433,254 | $22.2M | Reduce -23.3% |
| SHEL Shell PLC-ADR | 0.54% | 335,634 | $22.1M | Reduce -52.4% |
| RELX Relx PLC - Spon ADR | 0.49% | 424,410 | $20.1M | Reduce -20.6% |
| WB Weibo Corp.-Spon ADR | 0.49% | 1,967,181 | $19.8M | Add +3.5% |
| ING ING Groep N.V.-Sponsored ADR | 0.48% | 1,074,805 | $19.5M | Reduce -21.9% |
| TAK Takeda Pharmaceutic-SP ADR | 0.45% | 1,281,192 | $18.2M | Reduce -5.4% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.41% | 584,659 | $16.7M | Add +2.3% |
| INDA iShares MSCI India ETF | 0.38% | 262,657 | $15.4M | Add +192.3% |
| MOMO Hello Group Inc. -SPN ADR | 0.36% | 1,941,781 | $14.8M | Add +3.1% |
| SMIN iShares MSCI India Small-Cap | 0.34% | 158,913 | $13.7M | Add +172.1% |
| IBN Icici Bank Ltd.-Spon ADR | 0.33% | 446,261 | $13.3M | Add +1.0% |
| SHG Shinhan Financial Group-ADR | 0.32% | 304,873 | $12.9M | New |
| CLS Celestica Inc. | 0.30% | 240,660 | $12.3M | Add +1.1% |
| BAP Credicorp Ltd. | 0.30% | 67,467 | $12.2M | Add +44.2% |
| INFY Infosys Ltd.-SP ADR | 0.29% | 537,836 | $12.0M | Add +1.3% |
| NWG Natwest Group PLC -Spon ADR | 0.26% | 1,125,064 | $10.5M | Reduce -41.6% |
| GGB Gerdau SA -Spon ADR | 0.23% | 2,670,178 | $9.3M | No change |
| VSS Vanguard Ftse All Wo X-US SC | 0.23% | 73,567 | $9.3M | Reduce -34.5% |
| RDY Dr. Reddy's Laboratories-ADR | 0.21% | 107,861 | $8.6M | Add +1.6% |
| MMYT Makemytrip Ltd. | 0.19% | 83,313 | $7.7M | Reduce -48.4% |
| HDB HDFC Bank Ltd.-ADR | 0.18% | 118,223 | $7.4M | Reduce -0.4% |
| IQ Iqiyi Inc.-ADR | 0.16% | 2,258,840 | $6.5M | Reduce -70.0% |
| BA The Boeing Co. | 0.14% | 37,577 | $5.7M | New |
| NGG National Grid PLC-SP ADR | 0.13% | 74,164 | $5.2M | New |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.11% | 107,809 | $4.6M | Reduce -15.5% |
| HAFN Hafnia Ltd. | 0.10% | 546,511 | $3.9M | New |
| VIST Vista Energy Sab DE CV | 0.09% | 84,269 | $3.7M | Reduce -65.0% |
| JKS Jinkosolar Holding Co.-ADR | 0.08% | 127,600 | $3.4M | Reduce -76.9% |
| AGRO Adecoagro SA | 0.08% | 300,558 | $3.3M | New |
| BTG B2GOLD Corp. | 0.08% | 1,005,404 | $3.1M | Reduce -1.2% |
| TSEM Tower Semiconductor Ltd. | 0.06% | 57,206 | $2.5M | New |
| ZIM Zim Integrated Shipping Serv | 0.06% | 96,425 | $2.5M | New |
| TAC Transalta Corp. | 0.06% | 223,983 | $2.3M | Add +859.5% |
| URTH iShares MSCI World ETF | 0.06% | 14,500 | $2.3M | New |
| ACWI iShares MSCI Acwi ETF | 0.05% | 17,883 | $2.1M | Add +75.8% |
| PBR.A Petroleo Brasil-SP Pref ADR | 0.05% | 139,761 | $1.8M | Reduce -96.4% |
| WIT Wipro Ltd.-ADR | 0.04% | 244,403 | $1.6M | Add +1.4% |
| EFV iShares MSCI Eafe Value ETF | 0.03% | 22,400 | $1.3M | New |
| VWO Vanguard Ftse Emerging Marke | 0.02% | 20,965 | $1.0M | Add +32.9% |
| NVS Novartis AG-Sponsored ADR | 0.02% | 7,382 | $849K | Reduce -96.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.02% | 9,952 | $627K | Add +23.8% |
| NVDA Nvidia Corp. | 0.01% | 4,233 | $514K | Add +33.5% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.01% | 10,645 | $481K | Reduce -99.5% |
| MSFT Microsoft Corp. | 0.01% | 940 | $404K | No change |
| TRMD Torm PLC-A | 0.01% | 11,720 | $399K | No change |
| CIGI Colliers Intl GR-Subord Vot | 0.01% | 1,677 | $255K | New |
| UL Unilever PLC | 0.01% | 3,743 | $243K | Reduce -21.6% |
| TCOM Trip.com Group Ltd.-ADR | 0.01% | 3,973 | $236K | New |
| AAPL Apple Inc. | 0.01% | 939 | $219K | New |
| SMFG Sumitomo Mitsui-Spons ADR | 0.01% | 16,119 | $204K | Reduce -13.3% |
| OPFI Oppfi Inc. | 0.00% | 14,180 | $67K | Reduce -19.5% |
Portfolio Sells Q2 2024 → Q3 2024
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -99.5% | 0.01% | −6.96 |
| PBR.A Petroleo Brasil-SP Pref ADR | Reduce -96.4% | 0.05% | −1.40 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −1.26 |
| TME Tencent Music Entertainm-ADR | Sold out | 0.00% | −1.18 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −1.08 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.90 |
| SHEL Shell PLC-ADR | Reduce -52.4% | 0.54% | −0.84 |
| META Meta Platforms Inc. Class A | Reduce -30.7% | 1.48% | −0.61 |
| IQ Iqiyi Inc.-ADR | Reduce -70.0% | 0.16% | −0.59 |
| NVS Novartis AG-Sponsored ADR | Reduce -96.3% | 0.02% | −0.57 |
| DGX Quest Diagnostics Inc. | Reduce -28.2% | 1.30% | −0.47 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -44.0% | 0.73% | −0.47 |
| FISV Fiserv Inc. | Reduce -32.2% | 1.29% | −0.46 |
| CNXC Concentrix Corp. | Reduce -23.3% | 0.55% | −0.43 |
| ATHM Autohome Inc.-ADR | Sold out | 0.00% | −0.42 |
| CFG Citizens Financial Group | Reduce -32.6% | 0.90% | −0.40 |
| JLL Jones Lang Lasalle Inc. | Reduce -35.6% | 1.22% | −0.38 |
| BP BP PLC-Spons ADR | Reduce -10.0% | 0.91% | −0.38 |
| VEA Vanguard Ftse Developed ETF | Reduce -26.9% | 0.63% | −0.26 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.26 |
| ORCL Oracle Corp. | Reduce -20.2% | 1.66% | −0.25 |
| JKS Jinkosolar Holding Co.-ADR | Reduce -76.9% | 0.08% | −0.23 |
| VIST Vista Energy Sab DE CV | Reduce -65.0% | 0.09% | −0.21 |
| STX Seagate Technology Holdings | Reduce -13.6% | 0.89% | −0.19 |
| MMYT Makemytrip Ltd. | Reduce -48.4% | 0.19% | −0.18 |
| RELX Relx PLC - Spon ADR | Reduce -20.6% | 0.49% | −0.17 |
| ING ING Groep N.V.-Sponsored ADR | Reduce -21.9% | 0.48% | −0.16 |
| NWG Natwest Group PLC -Spon ADR | Reduce -41.6% | 0.26% | −0.16 |
| PCG P G & E Corp. | Reduce -9.8% | 1.85% | −0.16 |
| G Genpact Ltd. | Reduce -16.5% | 1.69% | −0.15 |
| SNX TD Synnex Corp. | Reduce -0.8% | 1.87% | −0.14 |
| SAP Sap SE-Sponsored ADR | Reduce -13.8% | 1.01% | −0.13 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -34.5% | 0.23% | −0.13 |
| BBD Banco Bradesco-ADR | Reduce -9.4% | 3.01% | −0.09 |
| DQ Daqo New Energy Corp.-ADR | Sold out | 0.00% | −0.09 |
| TAK Takeda Pharmaceutic-SP ADR | Reduce -5.4% | 0.45% | −0.03 |
| KSA Ishrs MSCI Saudi Arabia ETF | Reduce -15.5% | 0.11% | −0.03 |
| HDB HDFC Bank Ltd.-ADR | Reduce -0.4% | 0.18% | −0.03 |
| GOLDEN OCEAN GROUP LTD | Sold out | 0.00% | −0.01 |
| SMFG Sumitomo Mitsui-Spons ADR | Reduce -13.3% | 0.01% | −0.00 |
| UL Unilever PLC | Reduce -21.6% | 0.01% | −0.00 |
| OPFI Oppfi Inc. | Reduce -19.5% | 0.00% | 0.00 |
| BTG B2GOLD Corp. | Reduce -1.2% | 0.08% | +0.00 |
| PHG Koninklijke Philips NVR- NY | Reduce -2.0% | 1.02% | +0.13 |
Portfolio Buys Q2 2024 → Q3 2024
| CHKP Check Point Software Tech | Add +570.6% | 6.83% | +5.86 |
| SW Smurfit Westrock PLC | New | 5.10% | +5.10 |
| EFA iShares MSCI Eafe ETF | Add +13600.0% | 2.67% | +2.65 |
| LYV Live Nation Entertainment Inc. | New | 1.26% | +1.26 |
| CP Canadian Pacific Kansas City | Add +9.0% | 18.39% | +1.18 |
| BABA Alibaba Group Holding-SP ADR | Add +37.2% | 2.31% | +1.04 |
| AXS Axis Capital Holdings Ltd. | New | 0.80% | +0.80 |
| JD Jd.com Inc.-ADR | Add +49.7% | 1.45% | +0.75 |
| MT Arcelormittal-NY Registered | Add +177.4% | 0.61% | +0.40 |
| QFIN Qfin Holdings Inc.-ADR | Add +7.9% | 1.01% | +0.32 |
| SHG Shinhan Financial Group-ADR | New | 0.32% | +0.32 |
| INDA iShares MSCI India ETF | Add +192.3% | 0.38% | +0.24 |
| DEO Diageo PLC-Sponsored ADR | Add +25.8% | 1.02% | +0.21 |
| SMIN iShares MSCI India Small-Cap | Add +172.1% | 0.34% | +0.21 |
| CTSH Cognizant Tech Solutions-A | Add +9.0% | 1.85% | +0.19 |
| ZBH Zimmer Biomet Holdings Inc. | Add +20.2% | 2.11% | +0.15 |
| FINV Finvolution Group-ADR | Add +8.9% | 0.66% | +0.14 |
| BA The Boeing Co. | New | 0.14% | +0.14 |
| BMY Bristol-Myers Squibb Co. | Add +3.2% | 0.95% | +0.13 |
| NGG National Grid PLC-SP ADR | New | 0.13% | +0.13 |
| GSK GSK PLC-Spon ADR | Add +19.1% | 0.90% | +0.11 |
| HAFN Hafnia Ltd. | New | 0.10% | +0.10 |
| BAP Credicorp Ltd. | Add +44.2% | 0.30% | +0.09 |
| WB Weibo Corp.-Spon ADR | Add +3.5% | 0.49% | +0.09 |
| AGRO Adecoagro SA | New | 0.08% | +0.08 |
| APTV Aptiv Irish Holdings Ltd. | Add +18.8% | 0.84% | +0.07 |
| SNY Sanofi-ADR | Add +3.3% | 0.70% | +0.07 |
| TSEM Tower Semiconductor Ltd. | New | 0.06% | +0.06 |
| ZIM Zim Integrated Shipping Serv | New | 0.06% | +0.06 |
| BTI British American Tob-SP ADR | Add +3.0% | 0.68% | +0.06 |
| URTH iShares MSCI World ETF | New | 0.06% | +0.06 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +4.2% | 0.83% | +0.05 |
| TAC Transalta Corp. | Add +859.5% | 0.06% | +0.05 |
| MOMO Hello Group Inc. -SPN ADR | Add +3.1% | 0.36% | +0.05 |
| BCS Barclays PLC-Spons ADR | Add +0.6% | 1.63% | +0.05 |
| PFE Pfizer Inc. | Add +10.4% | 1.57% | +0.04 |
| ASHR Xtrackers Harvest Csi 300 CH | Add +2.3% | 0.41% | +0.04 |
| EFV iShares MSCI Eafe Value ETF | New | 0.03% | +0.03 |
| INFY Infosys Ltd.-SP ADR | Add +1.3% | 0.29% | +0.02 |
| ACWI iShares MSCI Acwi ETF | Add +75.8% | 0.05% | +0.02 |
| CIGI Colliers Intl GR-Subord Vot | New | 0.01% | +0.01 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.01% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +32.9% | 0.02% | +0.01 |
| AAPL Apple Inc. | New | 0.01% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +23.8% | 0.02% | +0.00 |
| NVDA Nvidia Corp. | Add +33.5% | 0.01% | +0.00 |
| ADI Analog Devices Inc. | Add +10.0% | 1.93% | −0.00 |
| WIT Wipro Ltd.-ADR | Add +1.4% | 0.04% | −0.00 |
| RDY Dr. Reddy's Laboratories-ADR | Add +1.6% | 0.21% | −0.01 |
| AZN Astrazeneca PLC-Spons ADR | Add +8.8% | 0.94% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 122 | $9.2B | AZN, CCL, DB, SW, CP |
| Q1 2026 | 107 | $8.1B | AZN, CCL, DB, CP, SW |
| Q4 2025 | 108 | $7.3B | CCL, CP, SW, DB, B |
| Q3 2025 | 105 | $7.6B | CP, CCL, DB, B, EFA |
| Q2 2025 | 99 | $6.3B | CP, CCL, DB, B, SW |
| Q1 2025 | 90 | $4.8B | CP, CCL, B, BABA, SW |
| Q4 2024 | 107 | $4.4B | CP, CHKP, B, SW, GOOG |
| Q3 2024 | 97 | $4.1B | CP, CHKP, SW, BBD, EFA |
| Q2 2024 | 90 | $3.7B | CP, RYAAY, BBD, PDD, DIS |
| Q1 2024 | 89 | $3.8B | CP, RYAAY, BBD, GOOG, DIS |