13F HOLDINGS REPORT
CAUSEWAY CAPITAL MANAGEMENT LLC
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0000945621-26-000303
Total Value
$7.27B
Positions
108
Other Managers
0
Confidential Omitted
No
Holdings (108)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CARNIVAL CORP | CUKPF | 33,944,782 | $1.04B | 14.26% |
| 2 | CANADIAN PACIFIC KANSAS CITY LTD | CP | 12,596,802 | $928.6M | 12.78% |
| 3 | SMURFIT WESTROCK PLC | SW | 19,132,879 | $739.9M | 10.18% |
| 4 | DEUTSCHE BANK AG | D18190898 | 14,194,354 | $551.7M | 7.59% |
| 5 | BARRICK MINING CORP | 06849F108 | 6,093,395 | $264.5M | 3.64% |
| 6 | ALIBABA GROUP HOLDING LTD | BBAAY | 1,203,049 | $176.3M | 2.43% |
| 7 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 874039100 | 511,720 | $155.5M | 2.14% |
| 8 | COGNIZANT TECHNOLOGY SOLUTIONS CORP | CTSH | 1,552,361 | $128.8M | 1.77% |
| 9 | ALPHABET INC | GOOG | 370,001 | $116.1M | 1.60% |
| 10 | MERCK & CO INC | MRK | 1,044,617 | $110.0M | 1.51% |
| 11 | CARRIER GLOBAL CORP | CARR | 1,848,827 | $97.7M | 1.34% |
| 12 | GENPACT LTD | G | 2,084,209 | $97.5M | 1.34% |
| 13 | BARCLAYS PLC | BCLYF | 3,750,607 | $95.5M | 1.31% |
| 14 | ASTRAZENECA PLC | AZN | 1,010,898 | $92.9M | 1.28% |
| 15 | BIOGEN INC | BIIB | 521,101 | $91.7M | 1.26% |
| 16 | CITIGROUP INC | C-PR | 697,445 | $81.4M | 1.12% |
| 17 | EVEREST GROUP LTD | EG | 238,558 | $81.0M | 1.11% |
| 18 | AXIS CAPITAL HOLDINGS LTD | G0692U109 | 721,221 | $77.2M | 1.06% |
| 19 | META PLATFORMS INC | META | 110,385 | $72.9M | 1.00% |
| 20 | ALASKA AIR GROUP INC | ALK | 1,434,517 | $72.2M | 0.99% |
| 21 | ANALOG DEVICES INC | ADI | 263,030 | $71.3M | 0.98% |
| 22 | GOLD FIELDS LTD | GFIOF | 1,621,076 | $70.8M | 0.97% |
| 23 | CREDICORP LTD | BAP | 242,024 | $69.5M | 0.96% |
| 24 | GRAPHIC PACKAGING HOLDING CO | GPK | 4,528,554 | $68.2M | 0.94% |
| 25 | ZIMMER BIOMET HOLDINGS INC | ZBH | 728,498 | $65.5M | 0.90% |
| 26 | LIVE NATION ENTERTAINMENT INC | LYV | 447,113 | $63.7M | 0.88% |
| 27 | WALT DISNEY CO/THE | 254687106 | 546,064 | $62.1M | 0.85% |
| 28 | SAP SE | SAPGF | 250,748 | $60.9M | 0.84% |
| 29 | KONINKLIJKE PHILIPS NV | RYLPF | 2,198,531 | $59.5M | 0.82% |
| 30 | CITIZENS FINANCIAL GROUP INC | CIA | 1,014,186 | $59.2M | 0.82% |
| 31 | BP PLC | BPPFF | 1,640,680 | $57.0M | 0.78% |
| 32 | WHIRLPOOL CORP | WHR-PA | 761,228 | $54.9M | 0.76% |
| 33 | NATIONAL GRID PLC | NMPWP | 709,485 | $54.9M | 0.76% |
| 34 | JOYY INC | JOYY | 812,601 | $52.6M | 0.72% |
| 35 | PFIZER INC | PFE | 2,091,719 | $52.1M | 0.72% |
| 36 | SANOFI SA | SNYNF | 1,063,958 | $51.6M | 0.71% |
| 37 | APTIV PLC | APTV | 668,620 | $50.9M | 0.70% |
| 38 | NOVO NORDISK A/S | NONOF | 993,850 | $50.6M | 0.70% |
| 39 | RELX PLC | RLXXF | 1,189,379 | $48.1M | 0.66% |
| 40 | INGERSOLL RAND INC | IR | 596,771 | $47.3M | 0.65% |
| 41 | PRUDENTIAL PLC | PUKPF | 1,508,912 | $47.0M | 0.65% |
| 42 | ANHEUSER-BUSCH INBEV SA/NV | BUDFF | 701,343 | $44.9M | 0.62% |
| 43 | INFOSYS LTD | INFY | 2,482,318 | $44.2M | 0.61% |
| 44 | PDD HOLDINGS INC | PDD | 371,241 | $42.1M | 0.58% |
| 45 | DIAGEO PLC | DGEAF | 485,288 | $41.9M | 0.58% |
| 46 | PAGSEGURO DIGITAL LTD | PAGS | 4,045,457 | $39.0M | 0.54% |
| 47 | ANGLOGOLD ASHANTI PLC | AU | 434,260 | $37.6M | 0.52% |
| 48 | BOOZ ALLEN HAMILTON HOLDING CORP | BAH | 396,332 | $33.4M | 0.46% |
| 49 | BOEING CO/THE | BA-PA | 151,928 | $33.0M | 0.45% |
| 50 | ISHARES MSCI INDIA SMALL-CAP ETF | 46429B614 | 458,977 | $32.1M | 0.44% |
| 51 | SHINHAN FINANCIAL GROUP CO LTD | SHG | 579,796 | $31.1M | 0.43% |
| 52 | WEIBO CORP | WEIBF | 2,992,234 | $30.6M | 0.42% |
| 53 | TENCENT MUSIC ENTERTAINMENT GROUP | XHLD | 1,689,576 | $29.6M | 0.41% |
| 54 | NATWEST GROUP PLC | RBSPF | 1,587,264 | $27.8M | 0.38% |
| 55 | ING GROEP NV | INGVF | 982,006 | $27.5M | 0.38% |
| 56 | BRITISH AMERICAN TOBACCO PLC | 110448107 | 483,138 | $27.4M | 0.38% |
| 57 | ALLY FINANCIAL INC | 02005N100 | 600,850 | $27.2M | 0.37% |
| 58 | GERDAU SA | GGB | 7,259,433 | $26.8M | 0.37% |
| 59 | VANGUARD FTSE DEVELOPED MARKETS ETF | 921943858 | 421,392 | $26.3M | 0.36% |
| 60 | ZIM INTEGRATED SHIPPING SERVICES LTD | ZIM | 1,213,006 | $25.8M | 0.35% |
| 61 | QFIN HOLDINGS INC | QFNHF | 1,306,636 | $25.2M | 0.35% |
| 62 | SUMITOMO MITSUI FINANCIAL GROUP INC | 86562M209 | 1,177,274 | $22.8M | 0.31% |
| 63 | CELESTICA INC | CLS | 73,302 | $21.7M | 0.30% |
| 64 | ISHARES MSCI INDIA ETF | 46429B598 | 386,205 | $20.9M | 0.29% |
| 65 | JONES LANG LASALLE INC | JLL | 59,456 | $20.0M | 0.28% |
| 66 | SMITH & NEPHEW PLC | SNNUF | 603,812 | $19.8M | 0.27% |
| 67 | VIPSHOP HOLDINGS LTD | VIPS | 1,089,598 | $19.3M | 0.27% |
| 68 | BXP INC | BXP | 272,049 | $18.4M | 0.25% |
| 69 | CENTERRA GOLD INC | CGAU | 1,249,789 | $18.0M | 0.25% |
| 70 | ARCELORMITTAL SA | ARCXF | 384,849 | $17.5M | 0.24% |
| 71 | HDFC BANK LTD | HDB | 422,279 | $15.4M | 0.21% |
| 72 | FINVOLUTION GROUP | FVGPY | 2,761,927 | $14.4M | 0.20% |
| 73 | ICICI BANK LTD | IBN | 477,060 | $14.2M | 0.20% |
| 74 | ISHARES MSCI TAIWAN ETF | 46434G772 | 190,341 | $12.1M | 0.17% |
| 75 | MILLICOM INTERNATIONAL CELLULAR SA | L6388F110 | 215,950 | $12.0M | 0.16% |
| 76 | VALE SA | VALE | 904,000 | $11.8M | 0.16% |
| 77 | ISHARES MSCI SOUTH KOREA ETF | 464286772 | 110,800 | $10.8M | 0.15% |
| 78 | VANGUARD FTSE ALL WORLD EX-US SMALL-CAP ETF | 922042718 | 72,930 | $10.5M | 0.14% |
| 79 | FORTUNA MINING CORP | 349942102 | 863,628 | $8.5M | 0.12% |
| 80 | ISHARES MSCI EAFE ETF | 464287465 | 83,004 | $8.0M | 0.11% |
| 81 | HELLO GROUP INC | MOMO | 889,397 | $5.8M | 0.08% |
| 82 | MAKEMYTRIP LTD | MMYT | 68,159 | $5.6M | 0.08% |
| 83 | VANGUARD FTSE EMERGING MARKETS ETF | 922042858 | 60,561 | $3.3M | 0.04% |
| 84 | ISHARES MSCI WORLD ETF | 464286392 | 10,631 | $2.0M | 0.03% |
| 85 | GSK PLC | GLAXF | 33,897 | $1.7M | 0.02% |
| 86 | ISHARES MSCI SOUTH AFRICA ETF | 464286780 | 22,500 | $1.5M | 0.02% |
| 87 | ISHARES MSCI ACWI ETF | 464288257 | 10,935 | $1.5M | 0.02% |
| 88 | GRANITE REAL ESTATE INVESTMENT TRUST | 387437205 | 23,700 | $1.4M | 0.02% |
| 89 | WIPRO LTD | WIT | 473,301 | $1.3M | 0.02% |
| 90 | ENERFLEX LTD | EFXT | 73,432 | $1.1M | 0.02% |
| 91 | VANGUARD FTSE ALL-WORLD EX-US ETF | 922042775 | 14,484 | $1.1M | 0.01% |
| 92 | INMODE LTD | INMD | 71,829 | $1.1M | 0.01% |
| 93 | XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF | 233051879 | 28,800 | $946,080 | 0.01% |
| 94 | ITURAN LOCATION AND CONTROL LTD | M6158M104 | 20,439 | $879,081 | 0.01% |
| 95 | NVIDIA CORP | NVDA | 3,758 | $700,867 | 0.01% |
| 96 | MICROSOFT CORP | MSFT | 965 | $466,693 | 0.01% |
| 97 | ISHARES MSCI BRAZIL ETF | 464286400 | 13,800 | $438,426 | 0.01% |
| 98 | B2GOLD CORP | BTG | 94,491 | $426,011 | 0.01% |
| 99 | JBS NV | JBS | 20,994 | $302,733 | 0.00% |
| 100 | BROADCOM INC | AVGO | 827 | $286,225 | 0.00% |
| 101 | NOVARTIS AG | NVSEF | 1,935 | $266,788 | 0.00% |
| 102 | APPLE INC | AAPL | 898 | $244,130 | 0.00% |
| 103 | PRECISION DRILLING CORP | PDS | 3,291 | $236,462 | 0.00% |
| 104 | COMFORT SYSTEMS USA INC | 199908104 | 243 | $226,789 | 0.00% |
| 105 | RENAISSANCERE HOLDINGS LTD | RNR-PG | 712 | $200,186 | 0.00% |
| 106 | KOREA ELECTRIC POWER CORP | 500631106 | 11,202 | $184,835 | 0.00% |
| 107 | PUMA BIOTECHNOLOGY INC | PBYI | 13,310 | $79,195 | 0.00% |
| 108 | SUMMIT HOTEL PROPERTIES INC | 866082100 | 14,838 | $72,261 | 0.00% |