Q3 2025 · 13F-HR
CAUSEWAY CAPITAL MANAGEMENT LLCholdings as filed
Filed 2025-11-13 · accession 0000945621-25-001081
$7.57B
Reported value
105
Positions
2025-09-30
Period end
The Brief · CAUSEWAY CAPITAL MANAGEMENT LLC · Q3 2025
AI · grounded in 13F
CAUSEWAY CAPITAL MANAGEMENT LLC established a new position in CANADIAN PACIFIC KANSAS CITY LTD CP valued at $1.01B. The fund also initiated new stakes in CARNIVAL CORP CCL1EUR for $922.6M and DEUTSCHE BANK AG DB for $620.2M. Other new additions include BARRICK MINING CORP B and ISHARES MSCI EAFE ETF EFA.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 13646K108 | CP | CANADIAN PACIFIC KANSAS CITY LTD | $1.01B | 13.3% | 13,522,873 | Common | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $922.6M | 12.2% | 31,912,001 | Common | SOLE |
| D18190898 | DB | DEUTSCHE BANK AG | $620.2M | 8.19% | 17,618,765 | Common | SOLE |
| 06849F108 | B | BARRICK MINING CORP | $514.6M | 6.80% | 15,694,240 | Common | SOLE |
| 464287465 | EFA | ISHARES MSCI EAFE ETF | $463.1M | 6.12% | 4,959,667 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $320.3M | 4.23% | 7,522,983 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HOLDING LTD | $220.1M | 2.91% | 1,231,464 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $154.0M | 2.03% | 632,158 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $141.8M | 1.87% | 507,751 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $101.3M | 1.34% | 998,078 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $97.0M | 1.28% | 638,315 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $95.2M | 1.26% | 1,134,057 | Common | SOLE |
| 192446102 | CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CORP | $90.6M | 1.20% | 1,350,178 | Common | SOLE |
| 06738E204 | BCS | BARCLAYS PLC | $90.0M | 1.19% | 4,352,949 | Common | SOLE |
| 14448C104 | CARR | CARRIER GLOBAL CORP | $87.5M | 1.16% | 1,466,481 | Common | SOLE |
| 046353108 | AZNN | ASTRAZENECA PLC | $81.9M | 1.08% | 1,067,371 | Common | SOLE |
| G0692U109 | AXS | AXIS CAPITAL HOLDINGS LTD | $80.2M | 1.06% | 836,861 | Common | SOLE |
| 09062X103 | BIIB | BIOGEN INC | $79.5M | 1.05% | 567,518 | Common | SOLE |
| G3922B107 | G | GENPACT LTD | $78.7M | 1.04% | 1,878,432 | Common | SOLE |
| 032654105 | ADI | ANALOG DEVICES INC | $74.3M | 0.98% | 302,272 | Common | SOLE |
| 254687106 | DIS | WALT DISNEY CO/THE | $68.2M | 0.90% | 595,915 | Common | SOLE |
| 38059T106 | GFI | GOLD FIELDS LTD | $64.7M | 0.86% | 1,543,015 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $63.8M | 0.84% | 86,917 | Common | SOLE |
| G3265R107 | APTV | APTIV PLC | $62.3M | 0.82% | 722,843 | Common | SOLE |
| G3223R108 | EG | EVEREST GROUP LTD | $61.5M | 0.81% | 175,686 | Common | SOLE |
| 174610105 | CFG | CITIZENS FINANCIAL GROUP INC | $57.9M | 0.77% | 1,090,060 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $57.4M | 0.76% | 215,628 | Common | SOLE |
| 98956P102 | ZBH | ZIMMER BIOMET HOLDINGS INC | $57.3M | 0.76% | 581,779 | Common | SOLE |
| 46429B598 | INDA | ISHARES MSCI INDIA ETF | $54.9M | 0.72% | 1,054,005 | Common | SOLE |
| 055622104 | BP | BP PLC | $54.6M | 0.72% | 1,583,385 | Common | SOLE |
| 88034P109 | TME | TENCENT MUSIC ENTERTAINMENT GROUP | $53.4M | 0.71% | 2,287,718 | Common | SOLE |
| 500472303 | PHG | KONINKLIJKE PHILIPS NV | $53.4M | 0.71% | 1,958,112 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $52.8M | 0.70% | 2,072,047 | Common | SOLE |
| 803054204 | SAP | SAP SE | $51.8M | 0.68% | 193,748 | Common | SOLE |
| 388689101 | GPK | GRAPHIC PACKAGING HOLDING CO | $50.9M | 0.67% | 2,601,576 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $50.8M | 0.67% | 1,177,001 | Common | SOLE |
| 636274409 | NGG | NATIONAL GRID PLC | $48.8M | 0.64% | 671,143 | Common | SOLE |
| 963320106 | WHR | WHIRLPOOL CORP | $48.5M | 0.64% | 617,039 | Common | SOLE |
| G98239109 | XP | XP INC | $47.7M | 0.63% | 2,538,130 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $46.8M | 0.62% | 166,409 | Common | SOLE |
| 46591M109 | JOYY | JOYY INC | $46.3M | 0.61% | 790,060 | Common | SOLE |
| 80105N105 | SNY | SANOFI SA | $46.2M | 0.61% | 979,317 | Common | SOLE |
| 45687V106 | IR | INGERSOLL RAND INC | $46.0M | 0.61% | 556,229 | Common | SOLE |
| 25243Q205 | DEO | DIAGEO PLC | $44.6M | 0.59% | 466,866 | Common | SOLE |
| 456837103 | ING | ING GROEP NV | $41.7M | 0.55% | 1,598,246 | Common | SOLE |
| 74435K204 | PUK | PRUDENTIAL PLC | $41.3M | 0.55% | 1,475,439 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $40.9M | 0.54% | 309,641 | Common | SOLE |
| G68707101 | PAGS | PAGSEGURO DIGITAL LTD | $38.9M | 0.51% | 3,892,125 | Common | SOLE |
| 670100205 | NVO | NOVO NORDISK A/S | $38.6M | 0.51% | 695,979 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT INC | $38.0M | 0.50% | 232,404 | Common | SOLE |
| 88557W101 | QFIN | QFIN HOLDINGS INC | $37.2M | 0.49% | 1,291,210 | Common | SOLE |
| 948596101 | WB | WEIBO CORP | $36.6M | 0.48% | 2,952,249 | Common | SOLE |
| 03524A108 | BUD | ANHEUSER-BUSCH INBEV SA/NV | $36.3M | 0.48% | 609,686 | Common | SOLE |
| 759530108 | RELX | RELX PLC | $34.5M | 0.46% | 723,161 | Common | SOLE |
| 921943858 | VEA | VANGUARD FTSE DEVELOPED MARKETS ETF | $30.5M | 0.40% | 508,504 | Common | SOLE |
| 824596100 | SHG | SHINHAN FINANCIAL GROUP CO LTD | $28.5M | 0.38% | 565,975 | Common | SOLE |
| 48020Q107 | JLL | JONES LANG LASALLE INC | $28.3M | 0.37% | 94,710 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $27.4M | 0.36% | 153,370 | Common | SOLE |
| 46429B614 | SMIN | ISHARES MSCI INDIA SMALL-CAP ETF | $26.4M | 0.35% | 367,520 | Common | SOLE |
| 02005N100 | ALLY | ALLY FINANCIAL INC | $24.9M | 0.33% | 636,169 | Common | SOLE |
| 15101Q207 | CLS | CELESTICA INC | $24.8M | 0.33% | 100,670 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERICAN TOBACCO PLC | $24.3M | 0.32% | 458,703 | Common | SOLE |
| 04965M106 | ATAT | ATOUR LIFESTYLE HOLDINGS LTD | $23.0M | 0.30% | 611,570 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $22.3M | 0.29% | 64,603 | Common | SOLE |
| 373737105 | GGB | GERDAU SA | $22.3M | 0.29% | 7,189,270 | Common | NONE |
| 101121101 | BXP | BXP INC | $21.7M | 0.29% | 291,507 | Common | SOLE |
| 03938L203 | MT | ARCELORMITTAL SA | $21.2M | 0.28% | 586,831 | Common | SOLE |
| 92763W103 | VIPS | VIPSHOP HOLDINGS LTD | $21.1M | 0.28% | 1,076,736 | Common | SOLE |
| 31810T101 | FINV | FINVOLUTION GROUP | $20.9M | 0.28% | 2,834,783 | Common | SOLE |
| 83175M205 | SNN | SMITH & NEPHEW PLC | $20.8M | 0.27% | 572,532 | Common | SOLE |
| 423403104 | MOMO | HELLO GROUP INC | $20.7M | 0.27% | 2,794,347 | Common | SOLE |
| 639057207 | NWG | NATWEST GROUP PLC | $20.3M | 0.27% | 1,435,963 | Common | SOLE |
| 464286772 | EWY | ISHARES MSCI SOUTH KOREA ETF | $17.8M | 0.23% | 221,895 | Common | SOLE |
| M9T951109 | ZIM | ZIM INTEGRATED SHIPPING SERVICES LTD | $14.7M | 0.19% | 1,082,641 | Common | SOLE |
| G0378L100 | AU | ANGLOGOLD ASHANTI PLC | $14.0M | 0.18% | 198,513 | Common | SOLE |
| 45104G104 | IBN | ICICI BANK LTD | $13.4M | 0.18% | 444,660 | Common | SOLE |
| 86562M209 | SMFG | SUMITOMO MITSUI FINANCIAL GROUP INC | $13.4M | 0.18% | 800,903 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $13.2M | 0.17% | 385,186 | Common | SOLE |
| 922042718 | VSS | VANGUARD FTSE ALL WORLD EX-US SMALL-CAP ETF | $12.9M | 0.17% | 90,227 | Common | SOLE |
| 152006102 | CGAU | CENTERRA GOLD INC | $9.3M | 0.12% | 863,377 | Common | SOLE |
| 46434V423 | KSA | ISHARES MSCI SAUDI ARABIA ETF | $7.9M | 0.10% | 194,437 | Common | SOLE |
| V5633W109 | MMYT | MAKEMYTRIP LTD | $7.7M | 0.10% | 82,319 | Common | SOLE |
| 456788108 | INFY | INFOSYS LTD | $4.6M | 0.06% | 283,927 | Common | SOLE |
| 464287184 | FXI | ISHARES CHINA LARGE-CAP ETF | $2.9M | 0.04% | 71,000 | Common | SOLE |
| 256135203 | RDY | DR REDDY'S LABORATORIES LTD | $2.2M | 0.03% | 159,139 | Common | SOLE |
| L6388F110 | TIGO | MILLICOM INTERNATIONAL CELLULAR SA | $1.8M | 0.02% | 38,000 | Common | SOLE |
| 387437205 | GRTUF | GRANITE REAL ESTATE INVESTMENT TRUST | $1.3M | 0.02% | 23,700 | Common | SOLE |
| 464288257 | ACWI | ISHARES MSCI ACWI ETF | $1.3M | 0.02% | 9,427 | Common | SOLE |
| 97651M109 | WIT | WIPRO LTD | $1.3M | 0.02% | 475,731 | Common | SOLE |
| 464286392 | URTH | ISHARES MSCI WORLD ETF | $1.1M | 0.01% | 6,151 | Common | SOLE |
| 349942102 | FSM | FORTUNA MINING CORP | $1.0M | 0.01% | 115,867 | Common | SOLE |
| M6158M104 | ITRN | ITURAN LOCATION AND CONTROL LTD | $730,081 | 0.01% | 20,439 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORP | $709,937 | 0.01% | 3,805 | Common | SOLE |
| 46434G772 | EWT | ISHARES MSCI TAIWAN ETF | $706,182 | 0.01% | 11,100 | Common | SOLE |
| 922042775 | VEU | VANGUARD FTSE ALL-WORLD EX-US ETF | $689,399 | 0.01% | 9,660 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $486,873 | 0.01% | 940 | Common | SOLE |
| 11777Q209 | BTG | B2GOLD CORP | $467,226 | 0.01% | 94,491 | Common | SOLE |
| N4732M103 | JBS | JBS NV | $392,614 | 0.01% | 26,297 | Common | SOLE |
| 66987V109 | NVS | NOVARTIS AG | $263,395 | 0.00% | 2,054 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $236,042 | 0.00% | 927 | Common | SOLE |
| 89677Q107 | TCOM | TRIP.COM GROUP LTD | $206,650 | 0.00% | 2,748 | Common | SOLE |
| 500631106 | KEP | KOREA ELECTRIC POWER CORP | $166,411 | 0.00% | 12,752 | Common | SOLE |
| 00090Q103 | ADT | ADT INC | $95,192 | 0.00% | 10,929 | Common | SOLE |
| 866082100 | INN | SUMMIT HOTEL PROPERTIES INC | $81,461 | 0.00% | 14,838 | Common | SOLE |
| 74587V107 | PBYI | PUMA BIOTECHNOLOGY INC | $74,844 | 0.00% | 14,095 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.