Causeway Capital Management

Long Only

Manager: Sarah Ketterer
Quarter: Q2 2026
Filed: 2026-08-13
13F value: $9.24B
Positions: 122
CIK: 0001165797

Min weight

#					# Shares			Source
1	Astrazeneca PLCAZN HISTORY	18.97%	+26.1%	$1.75B	9,357,390	+1,935,641	—	13F
2	Carnival Corp LTDCCL HISTORY	12.74%	NEW	$1.18B	41,190,606	+41,190,606	3.06%	13F
3	Deutsche Bank AGDB HISTORY	10.77%	+17.6%	$0.99B	29,358,318	+4,396,284	—	13F
4	Smurfit Westrock PLCSW HISTORY	7.53%	(3.4%)	$0.70B	15,039,041	(526,987)	2.87%	13F
5	Canadian Pacific Kansas City LTDCP HISTORY	6.30%	(23.7%)	$0.58B	6,711,483	(2,080,898)	0.76%	13F
6	Taiwan Semiconductor Manufacturing Co LTDTSM HISTORY	2.75%	+4.6%	$0.25B	532,052	+23,581	0.00%	13F
7	Alaska Air Group IncALK HISTORY	1.80%	+27.2%	$0.17B	3,183,163	+680,952	2.85%	13F
8	Carrier Global CorpCARR HISTORY	1.73%	+3.6%	$0.16B	2,178,506	+75,628	0.26%	13F
9	Live Nation Entertainment IncLYV HISTORY	1.40%	+34.2%	$0.13B	706,301	+179,883	0.30%	13F
10	Merck & Co IncMRK HISTORY	1.33%	+11.8%	$0.12B	954,932	+100,720	0.04%	13F
11	Meta Platforms IncMETA HISTORY	1.23%	+39.1%	$0.11B	201,459	+56,660	0.01%	13F
12	Alphabet IncGOOG HISTORY	1.21%	(6.2%)	$0.11B	316,217	(21,081)	0.00%	13F
13	Barclays PLCBCS HISTORY	1.16%	(2.4%)	$0.11B	3,975,718	(98,349)	—	13F
14	Credicorp LTDBAP HISTORY	1.08%	+4.2%	$0.10B	255,436	+10,323	0.27%	13F
15	Sap SESAP HISTORY	1.05%	+38.1%	$0.10B	629,801	+173,796	0.05%	13F
16	Alibaba Group Holding LTDBABA HISTORY	1.03%	(6.9%)	$0.10B	995,040	(73,850)	0.05%	13F
17	Axis Capital Holdings LTDAXS HISTORY	1.00%	+5.4%	$0.09B	859,727	+43,933	—	13F
18	Everest Group LTDEG HISTORY	0.98%	+1.1%	$0.09B	252,702	+2,694	0.66%	13F
19	Ingersoll Rand IncIR HISTORY	0.92%	+65.1%	$0.08B	1,033,693	+407,631	0.27%	13F
20	Koninklijke Philips NVPHG HISTORY	0.90%	+24.7%	$0.08B	3,061,962	+605,772	0.32%	13F
21	Novo Nordisk A/SNVO HISTORY	0.87%	+42.9%	$0.08B	1,677,615	+503,402	—	13F
22	Jones Lang Lasalle IncJLL HISTORY	0.83%	+33.3%	$0.08B	248,252	+61,978	0.54%	13F
23	Citizens Financial Group IncCFG HISTORY	0.82%	+2.7%	$0.08B	1,077,093	+28,567	—	13F
24	Netease IncNTES HISTORY	0.79%	NEW	$0.07B	572,412	+572,412	0.02%	13F
25	Diageo PLCDEO HISTORY	0.78%	+34.9%	$0.07B	899,015	+232,701	0.04%	13F
26	Zimmer Biomet Holdings IncZBH HISTORY	0.74%	(2.4%)	$0.07B	788,810	(19,300)	0.41%	13F
27	Boeing Co/TheBA HISTORY	0.73%	(0.3%)	$0.07B	313,048	(878)	0.04%	13F
28	Citigroup IncC HISTORY	0.70%	(27.7%)	$0.06B	458,858	(176,073)	0.03%	13F
29	Natwest Group PLCNWG HISTORY	0.67%	+16.7%	$0.06B	3,487,290	+498,981	—	13F
30	Biogen IncBIIB HISTORY	0.65%	(0.9%)	$0.06B	278,283	(2,500)	—	13F
31	Gold Fields LTDGFI HISTORY	0.62%	+4.8%	$0.06B	1,713,233	+79,063	0.19%	13F
32	Analog Devices IncADI HISTORY	0.61%	(29.6%)	$0.06B	142,050	(59,769)	0.03%	13F
33	Relx PLCRELX HISTORY	0.60%	(23.6%)	$0.06B	1,762,329	(544,080)	0.10%	13F
34	Anglogold Ashanti PLCAU HISTORY	0.60%	(23.5%)	$0.06B	688,027	(210,789)	0.14%	13F
35	Ing Groep NVING HISTORY	0.57%	+9.9%	$0.05B	1,690,687	+152,939	0.06%	13F
36	Booz Allen Hamilton Holding CorpBAH HISTORY	0.56%	(0.9%)	$0.05B	849,966	(7,496)	0.71%	13F
37	Texas Instruments IncTXN HISTORY	0.54%	(19.3%)	$0.05B	166,496	(39,718)	0.02%	13F
38	National Grid PLCNGG HISTORY	0.53%	+9.6%	$0.05B	590,240	+51,479	—	13F
39	DTE Energy CoDTE HISTORY	0.53%	(0.5%)	$0.05B	320,526	(1,489)	—	13F
40	Pfizer IncPFE HISTORY	0.50%	+0.1%	$0.05B	1,916,801	+2,582	0.03%	13F
41	Petroleo Brasileiro SA - PetrobrasPBR-A HISTORY	0.49%	+107.0%	$0.05B	3,096,624	+1,600,960	—	13F
42	Prudential PLCPUK HISTORY	0.49%	+27.9%	$0.05B	1,689,218	+368,067	—	13F
43	Smith & Nephew PLCSNN HISTORY	0.49%	+64.2%	$0.05B	1,565,167	+612,021	0.18%	13F
44	Tal Education GroupTAL HISTORY	0.43%	+18.6%	$0.04B	4,125,430	+647,013	2.17%	13F
45	iShares MSCI India Small-Cap ETFSMIN HISTORY	0.42%	+15.1%	$0.04B	542,849	+71,195	—	13F
46	Unitedhealth Group IncUNH HISTORY	0.39%	+21.7%	$0.04B	87,447	+15,583	0.01%	13F
47	Walt Disney Co/TheDIS HISTORY	0.38%	(35.6%)	$0.03B	360,600	(199,282)	0.02%	13F
48	Sanofi SASNY HISTORY	0.37%	(24.5%)	$0.03B	804,056	(260,460)	0.07%	13F
49	British American Tobacco PLCBTI HISTORY	0.37%	+9.4%	$0.03B	547,925	+47,061	0.02%	13F
50	Sumitomo Mitsui Financial Group IncSMFG HISTORY	0.36%	+9.9%	$0.03B	1,392,610	+125,362	0.04%	13F
51	Vista Energy Sab DE CVVIST HISTORY	0.35%	+126.9%	$0.03B	501,275	+280,357	0.53%	13F
52	iShares MSCI India ETFINDA HISTORY	0.34%	+36.9%	$0.03B	628,500	+169,300	—	13F
53	Boston Scientific CorpBSX HISTORY	0.33%	NEW	$0.03B	720,339	+720,339	0.05%	13F
54	Jd.com IncJD HISTORY	0.33%	NEW	$0.03B	1,199,207	+1,199,207	0.04%	13F
55	Vanguard Ftse Developed Markets ETFVEA HISTORY	0.33%	(42.0%)	$0.03B	427,314	(309,323)	0.72%	13F
56	Gerdau SAGGB HISTORY	0.32%	+5.7%	$0.03B	7,229,538	+388,383	1.01%	13F
57	Anheuser-Busch Inbev SA/NVBUD HISTORY	0.31%	(40.1%)	$0.03B	347,657	(232,474)	0.02%	13F
58	Pagseguro Digital LTDPAGS HISTORY	0.31%	(22.6%)	$0.03B	3,130,268	(914,082)	1.19%	13F
59	BXP IncBXP HISTORY	0.27%	(0.6%)	$0.03B	378,480	(2,281)	0.24%	13F
60	H World Group LTDHTHT HISTORY	0.26%	NEW	$0.02B	570,437	+570,437	0.02%	13F
61	Oceanagold CorpOGC HISTORY	0.25%	NEW	$0.02B	911,012	+911,012	—	13F
62	Centerra Gold IncCGAU HISTORY	0.22%	+3.2%	$0.02B	1,285,398	+40,371	0.64%	13F
63	Genpact LTDG HISTORY	0.21%	(63.5%)	$0.02B	710,380	(1,238,297)	0.42%	13F
64	Cognizant Technology Solutions CorpCTSH HISTORY	0.21%	(67.1%)	$0.02B	494,846	(1,009,407)	—	13F
65	Zim Integrated Shipping Services LTDZIM HISTORY	0.20%	(21.9%)	$0.02B	694,474	(195,076)	0.58%	13F
66	Fortuna Mining CorpFSM HISTORY	0.19%	+66.8%	$0.02B	2,086,645	+835,600	0.68%	13F
67	Weibo CorpWB HISTORY	0.18%	(13.1%)	$0.02B	2,317,577	(348,625)	0.97%	13F
68	Arcos Dorados Holdings IncARCO HISTORY	0.17%	NEW	$0.02B	1,961,513	+1,961,513	0.93%	13F
69	Icici Bank LTDIBN HISTORY	0.14%	(0.7%)	$0.01B	447,935	(2,952)	—	13F
70	Vanguard Ftse All World Ex-US Small-Cap ETFVSS HISTORY	0.14%	(21.9%)	$0.01B	80,907	(22,674)	0.14%	13F
71	Toronto-Dominion Bank/TheTD HISTORY	0.13%	NEW	$0.01B	97,238	+97,238	0.01%	13F
72	Finvolution GroupFINV HISTORY	0.12%	(4.8%)	$0.01B	2,285,880	(115,204)	0.18%	13F
73	Grupo Cibest SACIB HISTORY	0.12%	+3.2%	$0.01B	136,620	+4,256	0.03%	13F
74	Hdfc Bank LTDHDB HISTORY	0.11%	(0.8%)	$0.01B	395,855	(3,316)	—	13F
75	Canadian Imperial Bank Of CommerceCM HISTORY	0.10%	NEW	$0.01B	83,789	+83,789	0.01%	13F
76	BW LPG LTDBWLP HISTORY	0.09%	+2,889.0%	$0.01B	457,050	+441,759	0.30%	13F
77	Suncor Energy IncSU HISTORY	0.08%	NEW	$0.01B	138,526	+138,526	0.01%	13F
78	Joyy IncJOYY HISTORY	0.08%	(85.4%)	$0.01B	109,297	(641,454)	0.01%	13F
79	Celestica IncCLS HISTORY	0.08%	(21.0%)	$0.01B	19,598	(5,211)	0.02%	13F
80	iShares MSCI Saudi Arabia ETFKSA HISTORY	0.07%	+234.8%	$0.01B	177,079	+124,181	—	13F
81	Millicom International Cellular SATIGO HISTORY	0.06%	(68.4%)	$0.01B	65,932	(142,786)	0.04%	13F
82	Infosys LTDINFY HISTORY	0.06%	(72.2%)	$0.01B	526,963	(1,369,525)	0.01%	13F
83	iShares MSCI Emerging Markets ETFEEM HISTORY	0.06%	NEW	$0.01B	74,974	+74,974	—	13F
84	iShares MSCI Taiwan ETFEWT HISTORY	0.05%	+21.4%	$<0.01B	45,108	+7,957	—	13F
85	Hafnia LTDHAFN HISTORY	0.05%	+1,182.8%	$<0.01B	697,424	+643,057	0.14%	13F
86	Stantec IncSTN HISTORY	0.04%	NEW	$<0.01B	56,200	+56,200	0.05%	13F
87	Global-E Online LTDGLBE HISTORY	0.04%	NEW	$<0.01B	102,195	+102,195	0.06%	13F
88	Makemytrip LTDMMYT HISTORY	0.04%	(0.6%)	$<0.01B	64,145	(399)	—	13F
89	Magna International IncMGA HISTORY	0.03%	NEW	$<0.01B	45,900	+45,900	0.02%	13F
90	Iamgold CorpIAG HISTORY	0.03%	NEW	$<0.01B	172,916	+172,916	0.03%	13F
91	iShares MSCI Eafe ETFEFA HISTORY	0.02%	(45.0%)	$<0.01B	20,761	(17,000)	—	13F
92	Vanguard Ftse Emerging Markets ETFVWO HISTORY	0.02%	+376.0%	$<0.01B	35,556	+28,087	0.06%	13F
93	BP PLCBP HISTORY	0.02%	(95.4%)	$<0.01B	46,059	(951,875)	—	13F
94	Arcelormittal SAMT HISTORY	0.01%	(91.7%)	$<0.01B	22,155	(243,542)	0.00%	13F
95	Vanguard Ftse All-World Ex-US ETFVEU HISTORY	0.01%	+148.6%	$<0.01B	15,389	+9,198	0.03%	13F
96	Ituran Location And Control LTDITRN HISTORY	0.01%	—	$<0.01B	20,439	—	0.10%	13F
97	iShares MSCI Acwi ETFACWI HISTORY	0.01%	(50.1%)	$<0.01B	7,691	(7,730)	—	13F
98	Wipro LTDWIT HISTORY	0.01%	+1.3%	$<0.01B	448,957	+5,793	0.00%	13F
99	Open Text CorpOTEX HISTORY	0.01%	NEW	$<0.01B	36,500	+36,500	0.02%	13F
100	Canadian Natural Resources LTDCNQ HISTORY	0.01%	NEW	$<0.01B	18,400	+18,400	0.00%	13F
101	Nvidia CorpNVDA HISTORY	0.01%	(0.6%)	$<0.01B	3,567	(22)	0.00%	13F
102	iShares MSCI Eafe Small-Cap ETFSCZ HISTORY	0.01%	—	$<0.01B	7,100	—	—	13F
103	Inter & Co IncINTR HISTORY	0.01%	NEW	$<0.01B	100,618	+100,618	0.04%	13F
104	Orla Mining LTD68634K106HISTORY	0.01%	NEW	$<0.01B	52,100	+52,100	—	13F
105	Shinhan Financial Group Co LTDSHG HISTORY	<0.01%	(97.4%)	$<0.01B	6,594	(246,982)	0.00%	13F
106	GSK PLCGSK HISTORY	<0.01%	(35.5%)	$<0.01B	7,163	(3,947)	0.00%	13F
107	B2GOLD CorpBTG HISTORY	<0.01%	—	$<0.01B	94,491	—	0.01%	13F
108	Lam Research CorpLRCX HISTORY	<0.01%	NEW	$<0.01B	816	+816	0.00%	13F
109	Comfort Systems USA IncFIX HISTORY	<0.01%	(12.0%)	$<0.01B	162	(22)	0.00%	13F
110	Renaissancere Holdings LTDRNR HISTORY	<0.01%	—	$<0.01B	994	—	0.00%	13F
111	Broadcom IncAVGO HISTORY	<0.01%	(4.9%)	$<0.01B	802	(41)	0.00%	13F
112	Torm PLCTRMD HISTORY	<0.01%	NEW	$<0.01B	11,244	+11,244	0.01%	13F
113	Apple IncAAPL HISTORY	<0.01%	+2.6%	$<0.01B	947	+24	0.00%	13F
114	Inmode LTDINMD HISTORY	<0.01%	(74.7%)	$<0.01B	18,180	(53,649)	0.03%	13F
115	Allstate Corp/TheALL HISTORY	<0.01%	+10.1%	$<0.01B	1,107	+102	—	13F
116	Barrick Mining CorpB HISTORY	<0.01%	(10.0%)	$<0.01B	6,966	(770)	0.00%	13F
117	Precision Drilling CorpPDS HISTORY	<0.01%	—	$<0.01B	3,291	—	0.03%	13F
118	Novartis AGNVS HISTORY	<0.01%	+0.9%	$<0.01B	1,501	+14	0.00%	13F
119	SLM CorpSLM HISTORY	<0.01%	NEW	$<0.01B	8,774	+8,774	0.00%	13F
120	Microsoft CorpMSFT HISTORY	<0.01%	(22.3%)	$<0.01B	600	(172)	0.00%	13F
121	Vici Properties IncVICI HISTORY	<0.01%	NEW	$<0.01B	7,985	+7,985	0.00%	13F
122	Summit Hotel Properties IncINN HISTORY	<0.01%	+15.0%	$<0.01B	17,063	+2,225	0.02%	13F

Positions are from the latest 13F-HR (period end 2026-06-30). Weights are calculated: position value ÷ the 13F book. Schedule 13D/13G stakes are merged in when present (shares and percent of class, no dollar value). Chg Shares and % Chg compare with the adjacent prior quarter's 13F only. % Out is either calculated (position shares ÷ issuer shares outstanding from the issuer's XBRL cover page; weighted-average basic shares as a fallback) or reported (percent of class on a Schedule 13D/13G newer than the 13F period) — hover a value for its source and date. Unavailable figures show “—”, never an estimate. Methodology