CAUSEWAY CAPITAL MANAGEMENT LLC
Sector Allocation
- Healthcare25.6%$2.4B
- Industrials25.2%$2.3B
- Financials19.3%$1.8B
- Technology10.0%$923.4M
- Materials9.8%$904.2M
- Consumer Discretionary2.3%$208.6M
- Other2.0%$181.7M
- Communication Services1.8%$170.0M
- Consumer Staples1.5%$134.7M
- Real Estate1.1%$102.4M
AUM History
13fpro.ai/research/fund/causeway-capital-management-llc-1165797
Conviction and streaks
Concentrating · top 10 = 65.3%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
AZN
$1.8BCCL
$1.2BDB
$994.2MSW
$695.7MCP
$581.7MTSM
$254.1MALK
$166.2MCARR
$159.8MLYV
$129.3MMRK
$122.7MMETA
$113.5MGOOG
$111.7MBCS
$106.8MBAP
$99.5MSAP
$97.1MBABA
$95.5MAXS
$92.4MEG
$90.3MIR
$84.8MPHG
$83.3M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/causeway-capital-management-llc-1165797
CAUSEWAY CAPITAL MANAGEMENT LLC 13F holdings — Q2 2026
$9.2B portfolio (+13.4% QoQ) · 122 holdings · Q2 2026 13F · top 10 are 65% of the stock portfolio
$1.8B
19.0% of stocks
+26%This quarter—Since Q-end—HeldAIQuality—Est. buy—$1.2B
12.7% of stocks
+11%This quarter—Since Q-end—HeldAIQuality—Est. buy—$994.2M
10.8% of stocks
+18%This quarter—Since Q-end—HeldAIQuality63.5#610Est. buy—$695.7M
7.5% of stocks
-3%This quarter—Since Q-end—HeldAIQuality—Est. buy—$581.7M
6.3% of stocks
-24%This quarter—Since Q-end—HeldAIQuality69.7#227Est. buy—$254.1M
2.8% of stocks
+5%This quarter—Since Q-end—HeldAIQuality—Est. buy—$166.2M
1.8% of stocks
+27%This quarter—Since Q-end—Held$159.8M
1.7% of stocks
+4%This quarter—Since Q-end—Held$129.3M
1.4% of stocks
+34%This quarter—Since Q-end—Held$122.7M
1.3% of stocks
+12%This quarter—Since Q-end—Held
| # | Company | Value | Weight | This quarter | Since Q-end | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $1.8B | 19.0% | +26% | — | — | — | — | ||
| 2 | $1.2B | 12.7% | +11% | — | — | — | — | ||
| 3 | $994.2M | 10.8% | +18% | — | — | 63.5#610 | — | ||
| 4 | $695.7M | 7.5% | -3% | — | — | — | — | ||
| 5 | $581.7M | 6.3% | -24% | — | — | 69.7#227 | — | ||
| 6 | $254.1M | 2.8% | +5% | — | — | — | — | ||
| 7 | $166.2M | 1.8% | +27% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 8 | $159.8M | 1.7% | +4% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 9 | $129.3M | 1.4% | +34% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 10 | $122.7M | 1.3% | +12% | — | — | AI quality score is Pro: unlock with a free trial | — |
All holdings — CAUSEWAY CAPITAL MANAGEMENT LLC (Q2 2026)
122 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Meta Platforms, Inc. | Technology | $113.5M | 1.2% | 201K | +39% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Alphabet Inc. | Technology | $111.7M | 1.2% | 316K | -6% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | BARCLAYS PLCadr | Financials | $106.8M | 1.2% | 3.98M | -2% | — | — | 13F | |
| 14 | CREDICORP LTD | Financials | $99.5M | 1.1% | 255K | +4% | — | — | 13F | |
| 15 | SAP SEadr | Technology | $97.1M | 1.1% | 630K | +38% | — | — | 13F | |
| 16 | Alibaba Group Holding Ltdadr | Consumer Discretionary | $95.5M | 1.0% | 995K | -7% | — | — | 13F | |
| 17 | AXIS CAPITAL HOLDINGS LTD | Financials | $92.4M | 1.0% | 860K | +5% | — | — | 13F | |
| 18 | EVEREST GROUP, LTD. | Financials | $90.3M | 1.0% | 253K | +1% | — | — | 13F | |
| 19 | Ingersoll Rand Inc. | Industrials | $84.8M | 0.9% | 1.03M | +65% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | KONINKLIJKE PHILIPS NV | Healthcare | $83.3M | 0.9% | 3.06M | +25% | — | — | 13F | |
| 21 | NOVO NORDISK A Sadr | Healthcare | $80.4M | 0.9% | 1.68M | +43% | — | — | 13F | |
| 22 | JONES LANG LASALLE INC | Real Estate | $76.9M | 0.8% | 248K | +33% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | CITIZENS FINANCIAL GROUP INC/RI | Financials | $75.5M | 0.8% | 1.08M | +3% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | NetEase, Inc.adr | Technology | $73.3M | 0.8% | 572K | New | — | — | 13F | |
| 25 | DIAGEO PLCadr | Consumer Staples | $72.3M | 0.8% | 899K | +35% | — | — | 13F | |
| 26 | $ZBH | ZIMMER BIOMET HOLDINGS, INC. | Healthcare | $67.9M | 0.7% | 789K | -2% | |||
| 27 | $BA | BOEING CO | Industrials | $67.8M | 0.7% | 313K | -0.3% | |||
| 28 | $C | CITIGROUP INC | Financials | $64.2M | 0.7% | 459K | -28% | |||
| 29 | $NWG | NatWest Group plc | Financials | $61.5M | 0.7% | 3.49M | +17% | |||
| 30 | $BIIB | BIOGEN INC. | Healthcare | $60.1M | 0.7% | 278K | -0.9% | |||
| 31 | $GFI | GOLD FIELDS LTD | Materials | $57.5M | 0.6% | 1.71M | +5% | |||
| 32 | $ADI | ANALOG DEVICES INC | Technology | $56.4M | 0.6% | 142K | -30% | |||
| 33 | $RELX | RELX PLC | Industrials | $55.8M | 0.6% | 1.76M | -24% | |||
| 34 | $AU | AngloGold Ashanti PLC | Materials | $55.7M | 0.6% | 688K | -23% | |||
| 35 | $ING | ING GROEP NV | Financials | $53.1M | 0.6% | 1.69M | +10% | |||
| 36 | $BAH | Booz Allen Hamilton Holding Corp | Technology | $51.6M | 0.6% | 850K | -0.9% | |||
| 37 | $TXN | TEXAS INSTRUMENTS INC | Technology | $49.6M | 0.5% | 166K | -19% | |||
| 38 | $NGG | NATIONAL GRID PLC | Energy | $48.9M | 0.5% | 590K | +10% | |||
| 39 | $DTB | DTE ENERGY CO | Utilities | $48.8M | 0.5% | 321K | -0.5% | |||
| 40 | $PFE | PFIZER INC | Healthcare | $46.2M | 0.5% | 1.92M | +0.1% | |||
| 41 | — | PETROLEO BRASILEIRO SA - PETROBRAS - SP ADR NON VTG | — | $45.3M | 0.5% | 3.10M | +107% | |||
| 42 | $PUK | PRUDENTIAL PLC | Financials | $45.3M | 0.5% | 1.69M | +28% | |||
| 43 | $SNN | SMITH & NEPHEW PLC | Healthcare | $45.1M | 0.5% | 1.57M | +64% | |||
| 44 | $TAL | TAL Education Group | Consumer Discretionary | $39.5M | 0.4% | 4.13M | +19% | |||
| 45 | — | ISHARES MSCI INDIA SMALL-CAP ETF - MSCI INDIA SM CP | — | $38.4M | 0.4% | 543K | +15% | |||
| 46 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $36.3M | 0.4% | 87K | +22% | |||
| 47 | $DIS | Walt Disney Co | Communication Services | $34.7M | 0.4% | 361K | -36% | |||
| 48 | $SNY | Sanofi | Healthcare | $34.3M | 0.4% | 804K | -24% | |||
| 49 | $BTI | British American Tobacco p.l.c. | Consumer Staples | $33.8M | 0.4% | 548K | +9% | |||
| 50 | $SMFG | SUMITOMO MITSUI FINANCIAL GROUP, INC. | Financials | $32.8M | 0.4% | 1.39M | +10% | |||
| 51 | $VIST | Vista Energy, S.A.B. de C.V. | Energy | $32.0M | 0.3% | 501K | +127% | |||
| 52 | — | ISHARES MSCI INDIA ETF - MSCI INDIA ETF | — | $31.0M | 0.3% | 629K | +37% | |||
| 53 | $BSX | BOSTON SCIENTIFIC CORP | Healthcare | $30.7M | 0.3% | 720K | New | |||
| 54 | $JD | JD.com, Inc. | Consumer Discretionary | $30.6M | 0.3% | 1.20M | New | |||
| 55 | — | VANGUARD FTSE DEVELOPED MARKETS ETF - VAN FTSE DEV MKT | — | $30.4M | 0.3% | 427K | -42% | |||
| 56 | $GGB | GERDAU S.A. | Materials | $29.2M | 0.3% | 7.23M | +6% | |||
| 57 | $BUD | Anheuser-Busch InBev SA/NV | Consumer Staples | $28.6M | 0.3% | 348K | -40% | |||
| 58 | $PAGS | PagSeguro Digital Ltd. | Technology | $28.3M | 0.3% | 3.13M | -23% | |||
| 59 | $BXP | BXP, Inc. | Real Estate | $25.1M | 0.3% | 378K | -0.6% | |||
| 60 | $HTHT | H World Group Ltd | Consumer Discretionary | $23.8M | 0.3% | 570K | New | |||
| 61 | $OGC | OceanaGold Corp | Materials | $22.8M | 0.3% | 911K | New | |||
| 62 | $CGAU | Centerra Gold Inc. | Materials | $20.4M | 0.2% | 1.29M | +3% | |||
| 63 | $G | Genpact LTD | Technology | $19.5M | 0.2% | 710K | -64% | |||
| 64 | $CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CORP | Technology | $19.2M | 0.2% | 495K | -67% | |||
| 65 | $ZIM | ZIM Integrated Shipping Services Ltd. | Industrials | $18.1M | 0.2% | 694K | -22% | |||
| 66 | $FSM | FORTUNA MINING CORP. | Materials | $17.6M | 0.2% | 2.09M | +67% | |||
| 67 | $WB | WEIBO Corp | Technology | $16.8M | 0.2% | 2.32M | -13% | |||
| 68 | $ARCO | Arcos Dorados Holdings Inc. | Consumer Discretionary | $15.8M | 0.2% | 1.96M | New | |||
| 69 | $IBN | ICICI BANK LTD | Financials | $13.0M | 0.1% | 448K | -0.7% | |||
| 70 | — | VANGUARD FTSE ALL WORLD EX-US SMALL-CAP ETF - FTSE SMCAP ETF | — | $12.5M | 0.1% | 81K | -22% | |||
| 71 | $TD | TORONTO DOMINION BANK | Financials | $11.8M | 0.1% | 97K | New | |||
| 72 | $FINV | FinVolution Group | Financials | $10.9M | 0.1% | 2.29M | -5% | |||
| 73 | $CIB | Grupo Cibest S.A. | Financials | $10.9M | 0.1% | 137K | +3% | |||
| 74 | $HDB | HDFC BANK LTD | Financials | $10.2M | 0.1% | 396K | -0.8% | |||
| 75 | $CM | CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ | Financials | $9.6M | 0.1% | 84K | New | |||
| 76 | $BWLP | BW LPG Ltd | Industrials | $8.0M | 0.1% | 457K | +2889% | |||
| 77 | $SU | SUNCOR ENERGY INC | Energy | $7.4M | 0.1% | 139K | New | |||
| 78 | $JOYY | JOYY Inc. | Technology | $7.2M | 0.1% | 109K | -85% | |||
| 79 | $CLS | CELESTICA INC | Technology | $7.1M | 0.1% | 20K | -21% | |||
| 80 | — | ISHARES MSCI SAUDI ARABIA ETF - MSCI SAUDI ARBIA | — | $6.6M | 0.1% | 177K | +235% | |||
| 81 | $TIGO | MILLICOM INTERNATIONAL CELLULAR SA | Communication Services | $6.0M | 0.1% | 66K | -68% | |||
| 82 | $INFY | Infosys Ltd | Technology | $5.5M | 0.1% | 527K | -72% | |||
| 83 | — | ISHARES MSCI EMERGING MARKETS ETF - MSCI EMG MKT ETF | — | $5.1M | 0.1% | 75K | New | |||
| 84 | — | ISHARES MSCI TAIWAN ETF - MSCI TAIWAN ETF | — | $4.9M | 0.1% | 45K | +21% | |||
| 85 | $HAFN | Hafnia Ltd | Industrials | $4.6M | 0.1% | 697K | +1183% | |||
| 86 | $STN | STANTEC INC | Technology | $3.9M | 0.0% | 56K | New | |||
| 87 | $GLBE | Global-E Online Ltd. | Technology | $3.5M | 0.0% | 102K | New | |||
| 88 | $MMYT | MakeMyTrip Ltd | Consumer Discretionary | $3.4M | 0.0% | 64K | -0.6% | |||
| 89 | $MGA | MAGNA INTERNATIONAL INC | Industrials | $3.0M | 0.0% | 46K | New | |||
| 90 | $IAG | IAMGOLD CORP | Materials | $2.7M | 0.0% | 173K | New | |||
| 91 | — | ISHARES MSCI EAFE ETF - ISHARES MSCI EAFE ETF | — | $2.2M | 0.0% | 21K | -45% | |||
| 92 | — | VANGUARD FTSE EMERGING MARKETS ETF - FTSE EMR MKT ETF | — | $2.1M | 0.0% | 36K | +376% | |||
| 93 | $BP | BP PLC | Energy | $1.7M | 0.0% | 46K | -95% | |||
| 94 | $MT | ArcelorMittal | Materials | $1.3M | 0.0% | 22K | -92% | |||
| 95 | — | VANGUARD FTSE ALL-WORLD EX-US ETF - ALLWRLD EX US | — | $1.3M | 0.0% | 15K | +149% | |||
| 96 | $ITRN | Ituran Location & Control Ltd. | Technology | $1.2M | 0.0% | 20K | — | |||
| 97 | — | ISHARES MSCI ACWI ETF - MSCI ACWI ETF | — | $1.2M | 0.0% | 7,691 | -50% | |||
| 98 | $WIT | WIPRO LTD | Technology | $1.0M | 0.0% | 449K | +1% | |||
| 99 | $OTEX | OPEN TEXT CORP | Technology | $808K | 0.0% | 37K | New | |||
| 100 | $CNQ | CANADIAN NATURAL RESOURCES Ltd | Energy | $728K | 0.0% | 18K | New | |||
| 101 | $NVDA | NVIDIA CORP | Technology | $714K | 0.0% | 3,567 | -0.6% | |||
| 102 | — | ISHARES MSCI EAFE SMALL-CAP ETF - EAFE SML CP ETF | — | $584K | 0.0% | 7,100 | — | |||
| 103 | $INTR | Inter & Co, Inc. | Financials | $546K | 0.0% | 101K | New | |||
| 104 | $ORLA | Orla Mining Ltd. | Materials | $509K | 0.0% | 52K | New | |||
| 105 | $SHG | SHINHAN FINANCIAL GROUP CO LTD | Financials | $417K | 0.0% | 6,594 | -97% | |||
| 106 | $GSK | GSK plc | Healthcare | $375K | 0.0% | 7,163 | -36% | |||
| 107 | $BTG | B2GOLD CORP | Materials | $354K | 0.0% | 94K | — | |||
| 108 | $LRCX | LAM RESEARCH CORP | Technology | $354K | 0.0% | 816 | New | |||
| 109 | $FIX | COMFORT SYSTEMS USA INC | Industrials | $321K | 0.0% | 162 | -12% | |||
| 110 | $RNR | RENAISSANCERE HOLDINGS LTD | Financials | $315K | 0.0% | 994 | — | |||
| 111 | $AVGO | Broadcom Inc. | Technology | $303K | 0.0% | 802 | -5% | |||
| 112 | $TRMD | TORM plc | Industrials | $290K | 0.0% | 11K | New | |||
| 113 | $AAPL | Apple Inc. | Technology | $274K | 0.0% | 947 | +3% | |||
| 114 | $INMD | InMode Ltd. | Healthcare | $266K | 0.0% | 18K | -75% | |||
| 115 | $ALL | ALLSTATE CORP | Financials | $263K | 0.0% | 1,107 | +10% | |||
| 116 | $B | BARRICK MINING CORP | Materials | $256K | 0.0% | 6,966 | -10% | |||
| 117 | $PDS | PRECISION DRILLING Corp | Energy | $253K | 0.0% | 3,291 | — | |||
| 118 | $NVS | NOVARTIS AG | Healthcare | $235K | 0.0% | 1,501 | +0.9% | |||
| 119 | $SLM | SLM Corp | Financials | $228K | 0.0% | 8,774 | New | |||
| 120 | $MSFT | MICROSOFT CORP | Technology | $224K | 0.0% | 600 | -22% | |||
| 121 | $VICI | VICI PROPERTIES INC. | Real Estate | $212K | 0.0% | 7,985 | New | |||
| 122 | $INN | Summit Hotel Properties, Inc. | Real Estate | $120K | 0.0% | 17K | +15% |
What changed in Q2 2026
Against the previous quarter's 13F: 22 new, 49 added to, 46 trimmed, 7 sold out. Share-count changes; largest moves by dollar size first.
New positions (22)
$NTESNetEase, Inc.$73.3M
first bought this quarter
$BSXBOSTON SCIENTIFIC CORP$30.7M
first bought this quarter
$JDJD.com, Inc.$30.6M
first bought this quarter
$HTHTH World Group Ltd$23.8M
first bought this quarter
$OGCOceanaGold Corp$22.8M
first bought this quarter
$ARCOArcos Dorados Holdings Inc.$15.8M
first bought this quarter
+16 more in the Excel export
Added to (49)
now $1.8B
now $994.2M
now $1.2B
now $166.2M
now $84.8M
now $129.3M
+43 more in the Excel export
Holdings by quarter
Every 13F CAUSEWAY CAPITAL MANAGEMENT LLC has filed, 39 earlier quarters. Pick one to see what it held then.
Portfolio Overview
CAUSEWAY CAPITAL MANAGEMENT LLC disclosed 122 positions worth $9.2B in its Form 13F-HR for Q2 2026, led by $AZN (ASTRAZENECA PLC) at 19.0% of the equity portfolio, followed by $CCL and $DB. During the quarter the fund opened 22 new positions and exited 7 — including a new stake in $NTES and a full exit from $WHR. The portfolio is most concentrated in Healthcare (25.6% of disclosed assets). All figures are sourced directly from CAUSEWAY CAPITAL MANAGEMENT LLC’s Form 13F-HR filing with the SEC under CIK 1165797.
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