CAUSEWAY CAPITAL MANAGEMENT LLC

CIK 0001165797 · Q2 2026

13F Equity AUM

$9.2B

+13.4% QoQ

Positions

122

+15 QoQ

AUM Rank

#1,167

Top 9%

Skill Alpha (FF)

+8.9%/yr^ns

No Clear Edge

Rank #422 · Top 5%

vs S&P +6.0%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 56.3%Top 10: 65.3%Top 20: 75.9%

AZN19.0%

CARNIVAL CORP LTD12.7%

DB10.8%

SW7.5%

CP6.3%

TSM2.8%

ALK1.8%

CARR1.7%

LYV1.4%

MRK1.3%

Others (112)34.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare25.6%

Financial Services20.4%

Unclassified13.8%

Industrials12.4%

Consumer Cyclical9.4%

Technology6.7%

Communication Services5.1%

Other6.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 122Median: 0.23%Avg: 0.82%

0–0.5%

83(11.4%)

0.5–1%

22(15.6%)

1–3%

12(16.8%)

3–5%

0(0.0%)

5%+

5(56.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 122vs 20 funds

0%Low

122

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New23Increased48Decreased46Exited8

New Positions

CARNIVAL CORP LTD12.7%

+41.2M

NTES0.8%

+572K

BSX0.3%

+720K

JD0.3%

+1.2M

HTHT0.3%

+570K

OGC0.3%

+911K

ARCO0.2%

+2.0M

TD0.1%

+97K

CM0.1%

+84K

SU0.1%

+139K

Increased

DB10.8%

+4.4M(+18%)

AZN19.0%

+1.9M(+26%)

PJX0.5%

+1.6M(+107%)

FVI0.2%

+836K(+67%)

ALK1.8%

+681K(+27%)

TAL0.4%

+647K(+19%)

HAFN0.1%

+643K(+1183%)

SNN0.5%

+612K(+64%)

PHG0.9%

+606K(+25%)

NVO0.9%

+503K(+43%)

Decreased

CP6.3%

-2,080,898(-24%)

INFY0.1%

-1,369,525(-72%)

G0.2%

-1,238,297(-64%)

CTSH0.2%

-1,009,407(-67%)

BP0.0%

-951,875(-95%)

PAGS0.3%

-914,082(-23%)

JOYY0.1%

-641,454(-85%)

RELX0.6%

-544,080(-24%)

SW7.5%

-526,987(-3%)

WB0.2%

-348,625(-13%)

Exited

-37,096,593

-1,201,993

-683,463

-237,010

-612,900

-330,288

-52,946

-20,994

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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