Sarah Ketterer - Causeway Capital Management Portfolio Holdings
As of Sep 30, 2025, the Causeway Capital Management portfolio holdings is valued at approximately $7,571,151,059.00 featuring 104 publicly traded holdings. This in-depth profile highlights the top investments led by CANADIAN PACIFIC KANSAS CITY LTD (CP), CARNIVAL CORP (CCL), DEUTSCHE BANK AG (DB), BARRICK MINING CORP (B), and others based on the company's latest SEC filings reported on Nov 13, 2025. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Causeway Capital Management's stock portfolio spans 104 holdings across 12 sectors, with a total market value of $7,571,151,059.00. The Other sector represents the largest allocation, while the top holdings account for nearly 59% of the total portfolio value. CANADIAN PACIFIC KANSAS CITY LTD remains the single largest position at 13.3% of all equity investments.
Complete Holdings
Showing 100 of 104 holdings.
Page 1 of 2
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | CANADIAN PACIFIC KANSAS CITY LTD | CP | Industrials | 13.31% | 13,522,873 | -1,157,626 | -7.89% | $1,007,358,393.00 |
| 2 | CARNIVAL CORP | CCL | Consumer Cyclical | 12.19% | 31,912,001 | +2,783,927 | +9.56% | $922,575,859.00 |
| 3 | DEUTSCHE BANK AG | DB | Other | 8.19% | 17,618,765 | -1,696,378 | -8.78% | $620,200,603.00 |
| 4 | BARRICK MINING CORP | B | Other | 6.80% | 15,694,240 | -1,959,176 | -11.10% | $514,553,395.00 |
| 5 | ISHARES MSCI EAFE ETF | EFA | Other | 6.12% | 4,959,667 | +4,952,603 | +70110.46% | $463,084,144.00 |
| 6 | SMURFIT WESTROCK PLC | SW | Other | 4.23% | 7,522,983 | +507,289 | +7.23% | $320,253,376.00 |
| 7 | ALIBABA GROUP HOLDING LTD | BABA | Consumer Cyclical | 2.91% | 1,231,464 | -11,005 | -0.89% | $220,099,561.00 |
| 8 | ALPHABET INC | GOOG | Communication Services | 2.03% | 632,158 | -89,388 | -12.39% | $153,962,045.00 |
| 9 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | TSM | Technology | 1.87% | 507,751 | -10,064 | -1.94% | $141,809,777.00 |
| 10 | CITIGROUP INC | C | Financial Services | 1.34% | 998,078 | -261,900 | -20.79% | $101,304,786.00 |
| 11 | NETEASE INC | NTES | Communication Services | 1.28% | 638,315 | +196,821 | +44.58% | $97,017,497.00 |
| 12 | MERCK & CO INC | MRK | Healthcare | 1.26% | 1,134,057 | +151,397 | +15.41% | $95,181,306.00 |
| 13 | COGNIZANT TECHNOLOGY SOLUTIONS CORP | CTSH | Technology | 1.20% | 1,350,178 | +168,820 | +14.29% | $90,556,347.00 |
| 14 | BARCLAYS PLC | BCS | Financial Services | 1.19% | 4,352,949 | -311,229 | -6.67% | $89,975,464.00 |
| 15 | CARRIER GLOBAL CORP | CARR | Industrials | 1.16% | 1,466,481 | +712,385 | +94.47% | $87,548,857.00 |
| 16 | ASTRAZENECA PLC | AZN | Healthcare | 1.08% | 1,067,371 | +113,923 | +11.95% | $81,888,708.00 |
| 17 | AXIS CAPITAL HOLDINGS LTD | G0692U109 | Other | 1.06% | 836,861 | +201,880 | +31.79% | $80,171,205.00 |
| 18 | BIOGEN INC | BIIB | Healthcare | 1.05% | 567,518 | +74,163 | +15.03% | $79,497,885.00 |
| 19 | GENPACT LTD | G | Other | 1.04% | 1,878,432 | +447,261 | +31.25% | $78,687,453.00 |
| 20 | ANALOG DEVICES INC | ADI | Technology | 0.98% | 302,272 | -53,332 | -15.00% | $74,268,058.00 |
| 21 | WALT DISNEY CO/THE | DIS | Communication Services | 0.90% | 595,915 | -27,762 | -4.45% | $68,232,202.00 |
| 22 | GOLD FIELDS LTD | GFI | Basic Materials | 0.86% | 1,543,015 | +189,362 | +13.99% | $64,744,909.00 |
| 23 | META PLATFORMS INC | META | Communication Services | 0.84% | 86,917 | -8,653 | -9.05% | $63,830,334.00 |
| 24 | APTIV PLC | APTV | Other | 0.82% | 722,843 | +4,147 | +0.58% | $62,323,493.00 |
| 25 | EVEREST GROUP LTD | EG | Other | 0.81% | 175,686 | +175,686 | +100.00% | $61,530,564.00 |
| 26 | CITIZENS FINANCIAL GROUP INC | CFG | Financial Services | 0.77% | 1,090,060 | +57,086 | +5.53% | $57,947,524.00 |
| 27 | CREDICORP LTD | BAP | Other | 0.76% | 215,628 | +22,870 | +11.86% | $57,417,424.00 |
| 28 | ZIMMER BIOMET HOLDINGS INC | ZBH | Healthcare | 0.76% | 581,779 | +3,541 | +0.61% | $57,305,179.00 |
| 29 | ISHARES MSCI INDIA ETF | INDA | Other | 0.72% | 1,054,005 | +836,765 | +385.18% | $54,871,500.00 |
| 30 | BP PLC | BP | Energy | 0.72% | 1,583,385 | -37,254 | -2.30% | $54,563,433.00 |
| 31 | TENCENT MUSIC ENTERTAINMENT GROUP | TME | Communication Services | 0.71% | 2,287,718 | +383,833 | +20.16% | $53,395,338.00 |
| 32 | KONINKLIJKE PHILIPS NV | PHG | Healthcare | 0.71% | 1,958,112 | +107,117 | +5.79% | $53,378,146.00 |
| 33 | PFIZER INC | PFE | Healthcare | 0.70% | 2,072,047 | +108,735 | +5.54% | $52,795,723.00 |
| 34 | SAP SE | SAP | Technology | 0.68% | 193,748 | +78,699 | +68.40% | $51,771,386.00 |
| 35 | GRAPHIC PACKAGING HOLDING CO | GPK | Consumer Cyclical | 0.67% | 2,601,576 | +1,861,097 | +251.34% | $50,912,802.00 |
| 36 | GSK PLC | GSK | Healthcare | 0.67% | 1,177,001 | +69,925 | +6.32% | $50,799,344.00 |
| 37 | NATIONAL GRID PLC | NGG | Utilities | 0.64% | 671,143 | +355,149 | +112.39% | $48,771,987.00 |
| 38 | WHIRLPOOL CORP | WHR | Consumer Cyclical | 0.64% | 617,039 | +183,496 | +42.32% | $48,499,258.00 |
| 39 | XP INC | XP | Other | 0.63% | 2,538,130 | +257,693 | +11.30% | $47,691,463.00 |
| 40 | ORACLE CORP | ORCL | Technology | 0.62% | 166,409 | -110,877 | -39.99% | $46,800,949.00 |
| 41 | JOYY INC | YY | Communication Services | 0.61% | 790,060 | +58,190 | +7.95% | $46,305,417.00 |
| 42 | SANOFI SA | SNY | Healthcare | 0.61% | 979,317 | +139,678 | +16.64% | $46,223,771.00 |
| 43 | INGERSOLL RAND INC | IR | Industrials | 0.61% | 556,229 | +293,455 | +111.68% | $45,955,624.00 |
| 44 | DIAGEO PLC | DEO | Consumer Defensive | 0.59% | 466,866 | +36,156 | +8.39% | $44,553,043.00 |
| 45 | ING GROEP NV | ING | Financial Services | 0.55% | 1,598,246 | +57,552 | +3.74% | $41,682,255.00 |
| 46 | PRUDENTIAL PLC | PUK | Financial Services | 0.55% | 1,475,439 | -122,390 | -7.66% | $41,297,525.00 |
| 47 | PDD HOLDINGS INC | PDD | Consumer Cyclical | 0.54% | 309,641 | +203,715 | +192.32% | $40,925,251.00 |
| 48 | PAGSEGURO DIGITAL LTD | G68707101 | Other | 0.51% | 3,892,125 | +1,200,587 | +44.61% | $38,921,250.00 |
| 49 | NOVO NORDISK A/S | NVO | Healthcare | 0.51% | 695,979 | +342,095 | +96.67% | $38,619,855.00 |
| 50 | LIVE NATION ENTERTAINMENT INC | LYV | Communication Services | 0.50% | 232,404 | +12,947 | +5.90% | $37,974,851.00 |
| 51 | QFIN HOLDINGS INC | QFIN | Financial Services | 0.49% | 1,291,210 | -22,953 | -1.75% | $37,161,024.00 |
| 52 | WEIBO CORP | WB | Communication Services | 0.48% | 2,952,249 | +308,531 | +11.67% | $36,607,888.00 |
| 53 | ANHEUSER-BUSCH INBEV SA/NV | BUD | Consumer Defensive | 0.48% | 609,686 | -37,791 | -5.84% | $36,343,399.00 |
| 54 | RELX PLC | RELX | Industrials | 0.46% | 723,161 | +240,316 | +49.77% | $34,538,156.00 |
| 55 | VANGUARD FTSE DEVELOPED MARKETS ETF | VEA | Other | 0.40% | 508,504 | +263,362 | +107.43% | $30,469,580.00 |
| 56 | SHINHAN FINANCIAL GROUP CO LTD | SHG | Financial Services | 0.38% | 565,975 | +15,837 | +2.88% | $28,508,136.00 |
| 57 | JONES LANG LASALLE INC | JLL | Real Estate | 0.37% | 94,710 | -42,347 | -30.90% | $28,250,009.00 |
| 58 | SEA LTD | SE | Consumer Cyclical | 0.36% | 153,370 | -58,961 | -27.77% | $27,411,820.00 |
| 59 | ISHARES MSCI INDIA SMALL-CAP ETF | SMIN | Other | 0.35% | 367,520 | +230,512 | +168.25% | $26,358,534.00 |
| 60 | ALLY FINANCIAL INC | ALLY | Financial Services | 0.33% | 636,169 | +33,133 | +5.49% | $24,937,790.00 |
| 61 | CELESTICA INC | CLS | Technology | 0.33% | 100,670 | -23,917 | -19.20% | $24,778,248.00 |
| 62 | BRITISH AMERICAN TOBACCO PLC | BTI | Consumer Defensive | 0.32% | 458,703 | -71,896 | -13.55% | $24,347,967.00 |
| 63 | ATOUR LIFESTYLE HOLDINGS LTD | ATAT | Consumer Cyclical | 0.30% | 611,570 | -61,214 | -9.10% | $22,988,916.00 |
| 64 | UNITEDHEALTH GROUP INC | UNH | Healthcare | 0.29% | 64,603 | -393,137 | -85.89% | $22,307,357.00 |
| 65 | GERDAU SA | GGB | Basic Materials | 0.29% | 7,189,270 | +4,519,092 | +169.24% | $22,286,737.00 |
| 66 | BXP INC | BXP | Real Estate | 0.29% | 291,507 | +18,712 | +6.86% | $21,670,593.00 |
| 67 | ARCELORMITTAL SA | MT | Basic Materials | 0.28% | 586,831 | -189,871 | -24.45% | $21,213,947.00 |
| 68 | VIPSHOP HOLDINGS LTD | VIPS | Consumer Cyclical | 0.28% | 1,076,736 | +294,218 | +37.60% | $21,147,095.00 |
| 69 | FINVOLUTION GROUP | FINV | Financial Services | 0.28% | 2,834,783 | +483,580 | +20.57% | $20,892,351.00 |
| 70 | SMITH & NEPHEW PLC | SNN | Healthcare | 0.27% | 572,532 | -248,476 | -30.26% | $20,777,186.00 |
| 71 | HELLO GROUP INC | MOMO | Communication Services | 0.27% | 2,794,347 | +448,123 | +19.10% | $20,734,055.00 |
| 72 | NATWEST GROUP PLC | NWG | Financial Services | 0.27% | 1,435,963 | +806,493 | +128.12% | $20,318,879.00 |
| 73 | ISHARES MSCI SOUTH KOREA ETF | EWY | Other | 0.23% | 221,895 | -41,329 | -15.70% | $17,773,790.00 |
| 74 | ZIM INTEGRATED SHIPPING SERVICES LTD | M9T951109 | Other | 0.19% | 1,082,641 | +371,277 | +52.19% | $14,669,786.00 |
| 75 | ANGLOGOLD ASHANTI PLC | AU | Other | 0.18% | 198,513 | -589,638 | -74.81% | $13,963,280.00 |
| 76 | ICICI BANK LTD | IBN | Financial Services | 0.18% | 444,660 | - | - | $13,442,072.00 |
| 77 | SUMITOMO MITSUI FINANCIAL GROUP INC | SMFG | Financial Services | 0.18% | 800,903 | +499,107 | +165.38% | $13,407,122.00 |
| 78 | HDFC BANK LTD | HDB | Financial Services | 0.17% | 385,186 | +197,597 | +105.34% | $13,157,954.00 |
| 79 | VANGUARD FTSE ALL WORLD EX-US SMALL-CAP ETF | VSS | Other | 0.17% | 90,227 | +28,641 | +46.51% | $12,861,859.00 |
| 80 | CENTERRA GOLD INC | CGAU | Basic Materials | 0.12% | 863,377 | +227,876 | +35.86% | $9,251,798.00 |
| 81 | ISHARES MSCI SAUDI ARABIA ETF | KSA | Other | 0.10% | 194,437 | -116,314 | -37.43% | $7,890,253.00 |
| 82 | MAKEMYTRIP LTD | MMYT | Other | 0.10% | 82,319 | -1,202 | -1.44% | $7,705,058.00 |
| 83 | INFOSYS LTD | INFY | Technology | 0.06% | 283,927 | - | - | $4,619,492.00 |
| 84 | ISHARES CHINA LARGE-CAP ETF | FXI | Other | 0.04% | 71,000 | -30,700 | -30.19% | $2,920,940.00 |
| 85 | DR REDDY'S LABORATORIES LTD | RDY | Healthcare | 0.03% | 159,139 | - | - | $2,224,763.00 |
| 86 | MILLICOM INTERNATIONAL CELLULAR SA | TIGO | Other | 0.02% | 38,000 | +38,000 | +100.00% | $1,844,520.00 |
| 87 | ISHARES MSCI ACWI ETF | ACWI | Other | 0.02% | 9,427 | +967 | +11.43% | $1,303,163.00 |
| 88 | WIPRO LTD | WIT | Technology | 0.02% | 475,731 | - | - | $1,251,173.00 |
| 89 | ISHARES MSCI WORLD ETF | URTH | Other | 0.01% | 6,151 | -45,315 | -88.05% | $1,116,775.00 |
| 90 | FORTUNA MINING CORP | FSM | Basic Materials | 0.01% | 115,867 | +115,867 | +100.00% | $1,037,590.00 |
| 91 | ITURAN LOCATION AND CONTROL LTD | M6158M104 | Other | 0.01% | 20,439 | +20,439 | +100.00% | $730,081.00 |
| 92 | NVIDIA CORP | NVDA | Technology | 0.01% | 3,805 | +174 | +4.79% | $709,937.00 |
| 93 | ISHARES MSCI TAIWAN ETF | EWT | Other | 0.01% | 11,100 | -19,207 | -63.37% | $706,182.00 |
| 94 | VANGUARD FTSE ALL-WORLD EX-US ETF | VEU | Other | 0.01% | 9,660 | +734 | +8.22% | $689,399.00 |
| 95 | MICROSOFT CORP | MSFT | Technology | 0.01% | 940 | - | - | $486,873.00 |
| 96 | B2GOLD CORP | BTG | Basic Materials | 0.01% | 94,491 | - | - | $467,226.00 |
| 97 | JBS NV | N4732M103 | Other | 0.01% | 26,297 | -8,053 | -23.44% | $392,614.00 |
| 98 | NOVARTIS AG | NVS | Healthcare | 0.00% | 2,054 | -30 | -1.44% | $263,395.00 |
| 99 | APPLE INC | AAPL | Technology | 0.00% | 927 | -76 | -7.58% | $236,042.00 |
| 100 | TRIP.COM GROUP LTD | TCOM | Consumer Cyclical | 0.00% | 2,748 | -400 | -12.71% | $206,650.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Other | 33.57% | $2,541,101,684.00 |
| Consumer Cyclical | 17.90% | $1,354,767,212.00 |
| Industrials | 15.53% | $1,175,496,222.00 |
| Healthcare | 7.94% | $601,337,462.00 |
| Communication Services | 7.64% | $578,059,627.00 |
| Financial Services | 6.66% | $504,032,882.00 |
| Technology | 5.78% | $437,288,282.00 |
| Basic Materials | 1.57% | $119,002,207.00 |
| Consumer Defensive | 1.39% | $105,244,409.00 |
| Energy | 0.72% | $54,563,433.00 |
| Real Estate | 0.66% | $50,002,063.00 |
| Utilities | 0.65% | $48,938,398.00 |
Portfolio insights
As of Sep 30, 2025, the Causeway Capital Management portfolio holds 104 securities valued at $7,569,833,881.00. The Other sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.