13F HOLDINGS REPORT
CAUSEWAY CAPITAL MANAGEMENT LLC
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0000945621-25-001081
Total Value
$7.57B
Positions
105
Other Managers
0
Confidential Omitted
No
Holdings (105)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CANADIAN PACIFIC KANSAS CITY LTD | CP | 13,522,873 | $1.01B | 13.31% |
| 2 | CARNIVAL CORP | CUKPF | 31,912,001 | $922.6M | 12.19% |
| 3 | DEUTSCHE BANK AG | D18190898 | 17,618,765 | $620.2M | 8.19% |
| 4 | BARRICK MINING CORP | 06849F108 | 15,694,240 | $514.6M | 6.80% |
| 5 | ISHARES MSCI EAFE ETF | 464287465 | 4,959,667 | $463.1M | 6.12% |
| 6 | SMURFIT WESTROCK PLC | SW | 7,522,983 | $320.3M | 4.23% |
| 7 | ALIBABA GROUP HOLDING LTD | BBAAY | 1,231,464 | $220.1M | 2.91% |
| 8 | ALPHABET INC | GOOG | 632,158 | $154.0M | 2.03% |
| 9 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 874039100 | 507,751 | $141.8M | 1.87% |
| 10 | CITIGROUP INC | C-PR | 998,078 | $101.3M | 1.34% |
| 11 | NETEASE INC | NETTF | 638,315 | $97.0M | 1.28% |
| 12 | MERCK & CO INC | MRK | 1,134,057 | $95.2M | 1.26% |
| 13 | COGNIZANT TECHNOLOGY SOLUTIONS CORP | CTSH | 1,350,178 | $90.6M | 1.20% |
| 14 | BARCLAYS PLC | BCLYF | 4,352,949 | $90.0M | 1.19% |
| 15 | CARRIER GLOBAL CORP | CARR | 1,466,481 | $87.5M | 1.16% |
| 16 | ASTRAZENECA PLC | AZN | 1,067,371 | $81.9M | 1.08% |
| 17 | AXIS CAPITAL HOLDINGS LTD | G0692U109 | 836,861 | $80.2M | 1.06% |
| 18 | BIOGEN INC | BIIB | 567,518 | $79.5M | 1.05% |
| 19 | GENPACT LTD | G | 1,878,432 | $78.7M | 1.04% |
| 20 | ANALOG DEVICES INC | ADI | 302,272 | $74.3M | 0.98% |
| 21 | WALT DISNEY CO/THE | 254687106 | 595,915 | $68.2M | 0.90% |
| 22 | GOLD FIELDS LTD | GFIOF | 1,543,015 | $64.7M | 0.86% |
| 23 | META PLATFORMS INC | META | 86,917 | $63.8M | 0.84% |
| 24 | APTIV PLC | APTV | 722,843 | $62.3M | 0.82% |
| 25 | EVEREST GROUP LTD | EG | 175,686 | $61.5M | 0.81% |
| 26 | CITIZENS FINANCIAL GROUP INC | CIA | 1,090,060 | $57.9M | 0.77% |
| 27 | CREDICORP LTD | BAP | 215,628 | $57.4M | 0.76% |
| 28 | ZIMMER BIOMET HOLDINGS INC | ZBH | 581,779 | $57.3M | 0.76% |
| 29 | ISHARES MSCI INDIA ETF | 46429B598 | 1,054,005 | $54.9M | 0.72% |
| 30 | BP PLC | BPPFF | 1,583,385 | $54.6M | 0.72% |
| 31 | TENCENT MUSIC ENTERTAINMENT GROUP | XHLD | 2,287,718 | $53.4M | 0.71% |
| 32 | KONINKLIJKE PHILIPS NV | RYLPF | 1,958,112 | $53.4M | 0.71% |
| 33 | PFIZER INC | PFE | 2,072,047 | $52.8M | 0.70% |
| 34 | SAP SE | SAPGF | 193,748 | $51.8M | 0.68% |
| 35 | GRAPHIC PACKAGING HOLDING CO | GPK | 2,601,576 | $50.9M | 0.67% |
| 36 | GSK PLC | GLAXF | 1,177,001 | $50.8M | 0.67% |
| 37 | NATIONAL GRID PLC | NMPWP | 671,143 | $48.8M | 0.64% |
| 38 | WHIRLPOOL CORP | WHR-PA | 617,039 | $48.5M | 0.64% |
| 39 | XP INC | XP | 2,538,130 | $47.7M | 0.63% |
| 40 | ORACLE CORP | ORCL-PD | 166,409 | $46.8M | 0.62% |
| 41 | JOYY INC | JOYY | 790,060 | $46.3M | 0.61% |
| 42 | SANOFI SA | SNYNF | 979,317 | $46.2M | 0.61% |
| 43 | INGERSOLL RAND INC | IR | 556,229 | $46.0M | 0.61% |
| 44 | DIAGEO PLC | DGEAF | 466,866 | $44.6M | 0.59% |
| 45 | ING GROEP NV | INGVF | 1,598,246 | $41.7M | 0.55% |
| 46 | PRUDENTIAL PLC | PUKPF | 1,475,439 | $41.3M | 0.55% |
| 47 | PDD HOLDINGS INC | PDD | 309,641 | $40.9M | 0.54% |
| 48 | PAGSEGURO DIGITAL LTD | PAGS | 3,892,125 | $38.9M | 0.51% |
| 49 | NOVO NORDISK A/S | NONOF | 695,979 | $38.6M | 0.51% |
| 50 | LIVE NATION ENTERTAINMENT INC | LYV | 232,404 | $38.0M | 0.50% |
| 51 | QFIN HOLDINGS INC | QFNHF | 1,291,210 | $37.2M | 0.49% |
| 52 | WEIBO CORP | WEIBF | 2,952,249 | $36.6M | 0.48% |
| 53 | ANHEUSER-BUSCH INBEV SA/NV | BUDFF | 609,686 | $36.3M | 0.48% |
| 54 | RELX PLC | RLXXF | 723,161 | $34.5M | 0.46% |
| 55 | VANGUARD FTSE DEVELOPED MARKETS ETF | 921943858 | 508,504 | $30.5M | 0.40% |
| 56 | SHINHAN FINANCIAL GROUP CO LTD | SHG | 565,975 | $28.5M | 0.38% |
| 57 | JONES LANG LASALLE INC | JLL | 94,710 | $28.3M | 0.37% |
| 58 | SEA LTD | SE | 153,370 | $27.4M | 0.36% |
| 59 | ISHARES MSCI INDIA SMALL-CAP ETF | 46429B614 | 367,520 | $26.4M | 0.35% |
| 60 | ALLY FINANCIAL INC | 02005N100 | 636,169 | $24.9M | 0.33% |
| 61 | CELESTICA INC | CLS | 100,670 | $24.8M | 0.33% |
| 62 | BRITISH AMERICAN TOBACCO PLC | 110448107 | 458,703 | $24.3M | 0.32% |
| 63 | ATOUR LIFESTYLE HOLDINGS LTD | ATAT | 611,570 | $23.0M | 0.30% |
| 64 | UNITEDHEALTH GROUP INC | UNH | 64,603 | $22.3M | 0.29% |
| 65 | GERDAU SA | GGB | 7,189,270 | $22.3M | 0.29% |
| 66 | BXP INC | BXP | 291,507 | $21.7M | 0.29% |
| 67 | ARCELORMITTAL SA | ARCXF | 586,831 | $21.2M | 0.28% |
| 68 | VIPSHOP HOLDINGS LTD | VIPS | 1,076,736 | $21.1M | 0.28% |
| 69 | FINVOLUTION GROUP | FVGPY | 2,834,783 | $20.9M | 0.28% |
| 70 | SMITH & NEPHEW PLC | SNNUF | 572,532 | $20.8M | 0.27% |
| 71 | HELLO GROUP INC | MOMO | 2,794,347 | $20.7M | 0.27% |
| 72 | NATWEST GROUP PLC | RBSPF | 1,435,963 | $20.3M | 0.27% |
| 73 | ISHARES MSCI SOUTH KOREA ETF | 464286772 | 221,895 | $17.8M | 0.23% |
| 74 | ZIM INTEGRATED SHIPPING SERVICES LTD | ZIM | 1,082,641 | $14.7M | 0.19% |
| 75 | ANGLOGOLD ASHANTI PLC | AU | 198,513 | $14.0M | 0.18% |
| 76 | ICICI BANK LTD | IBN | 444,660 | $13.4M | 0.18% |
| 77 | SUMITOMO MITSUI FINANCIAL GROUP INC | 86562M209 | 800,903 | $13.4M | 0.18% |
| 78 | HDFC BANK LTD | HDB | 385,186 | $13.2M | 0.17% |
| 79 | VANGUARD FTSE ALL WORLD EX-US SMALL-CAP ETF | 922042718 | 90,227 | $12.9M | 0.17% |
| 80 | CENTERRA GOLD INC | CGAU | 863,377 | $9.3M | 0.12% |
| 81 | ISHARES MSCI SAUDI ARABIA ETF | 46434V423 | 194,437 | $7.9M | 0.10% |
| 82 | MAKEMYTRIP LTD | MMYT | 82,319 | $7.7M | 0.10% |
| 83 | INFOSYS LTD | INFY | 283,927 | $4.6M | 0.06% |
| 84 | ISHARES CHINA LARGE-CAP ETF | 464287184 | 71,000 | $2.9M | 0.04% |
| 85 | DR REDDY'S LABORATORIES LTD | 256135203 | 159,139 | $2.2M | 0.03% |
| 86 | MILLICOM INTERNATIONAL CELLULAR SA | L6388F110 | 38,000 | $1.8M | 0.02% |
| 87 | GRANITE REAL ESTATE INVESTMENT TRUST | 387437205 | 23,700 | $1.3M | 0.02% |
| 88 | ISHARES MSCI ACWI ETF | 464288257 | 9,427 | $1.3M | 0.02% |
| 89 | WIPRO LTD | WIT | 475,731 | $1.3M | 0.02% |
| 90 | ISHARES MSCI WORLD ETF | 464286392 | 6,151 | $1.1M | 0.01% |
| 91 | FORTUNA MINING CORP | 349942102 | 115,867 | $1.0M | 0.01% |
| 92 | ITURAN LOCATION AND CONTROL LTD | M6158M104 | 20,439 | $730,081 | 0.01% |
| 93 | NVIDIA CORP | NVDA | 3,805 | $709,937 | 0.01% |
| 94 | ISHARES MSCI TAIWAN ETF | 46434G772 | 11,100 | $706,182 | 0.01% |
| 95 | VANGUARD FTSE ALL-WORLD EX-US ETF | 922042775 | 9,660 | $689,399 | 0.01% |
| 96 | MICROSOFT CORP | MSFT | 940 | $486,873 | 0.01% |
| 97 | B2GOLD CORP | BTG | 94,491 | $467,226 | 0.01% |
| 98 | JBS NV | JBS | 26,297 | $392,614 | 0.01% |
| 99 | NOVARTIS AG | NVSEF | 2,054 | $263,395 | 0.00% |
| 100 | APPLE INC | AAPL | 927 | $236,042 | 0.00% |
| 101 | TRIP.COM GROUP LTD | TRPCF | 2,748 | $206,650 | 0.00% |
| 102 | KOREA ELECTRIC POWER CORP | 500631106 | 12,752 | $166,411 | 0.00% |
| 103 | ADT INC | ADT | 10,929 | $95,192 | 0.00% |
| 104 | SUMMIT HOTEL PROPERTIES INC | 866082100 | 14,838 | $81,461 | 0.00% |
| 105 | PUMA BIOTECHNOLOGY INC | PBYI | 14,095 | $74,844 | 0.00% |