CAUSEWAY CAPITAL MANAGEMENT LLC
Q1 2023 Form 13-F

LOS ANGELES, CALIFORNIA
CIK 0001165797 · CRD 113308 · SEC-registered investment adviser
Holdings reported by PERSONAL CFO SOLUTIONS LLC since Q2 2021 , American Beacon Advisors Inc since Q2 2026
$4.2B Reported Value Total

CAUSEWAY CAPITAL MANAGEMENT LLC reports 117 total accounts under management (AUM). There are 117 discretionary accounts valued at $34,947,149,404, and 0 non-discretionary accounts.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary Manager
Private funds (Form ADV)
16 funds · $2.9B gross asset value
Other: $2.9B
Source: Form ADV filed 2026-03-23
Reported value
$4.2B
Quarter over quarter
+8.9%
Holdings
81
Top-10 concentration
59.9%

Filing Structure

Reports holdings for

Holdings reported by

Key People

Form ADV owners & control persons
Kurt Decko
GENERAL COUNSEL, COMPLIANCE DIRECTOR
Gracie Varras Fermelia
CHIEF OPERATING OFFICER
Harry William Hartford
PRESIDENT; PORTFOLIO MANAGER
Q4 2022
Q2 2023
Go to latest

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q1 2023 13F filing summary

Period of report March 31, 2023
Filed May 12, 2023
Form 13F-HR
Reported value $4.2B
Positions 81
Change in reported value +21.0%
New positions 10
Exited positions 12
Position turnover 23.7%
Top-10 concentration 59.9%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 13, 2026
 122 $9.2B
Q1 2026 13F
Filed May 14, 2026
 107 $8.1B
Q4 2025 13F
Filed Feb 13, 2026
 108 $7.3B
Q3 2025 13F
Filed Nov 13, 2025
 105 $7.6B
Q2 2025 13F
Filed Aug 13, 2025
 99 $6.3B
Q1 2025 13F
Filed May 14, 2025
 90 $4.8B
Q4 2024 13F
Filed Feb 13, 2025
 107 $4.4B
Q3 2024 13F
Filed Nov 13, 2024
 97 $4.1B
Q2 2024 13F
Filed Aug 13, 2024
 90 $3.7B
Q1 2024 13F
Filed May 15, 2024
 89 $3.8B
Q4 2023 13F
Filed Feb 14, 2024
 89 $3.9B
Q3 2023 13F
Filed Nov 13, 2023
 89 $3.8B
Q2 2023 13F
Filed Aug 11, 2023
 81 $3.8B
Q1 2023 13F
Filed May 12, 2023
 81 $4.2B
Q4 2022 13F
Filed Feb 13, 2023
 83 $3.4B
Q3 2022 13F
Filed Nov 14, 2022
 81 $3.6B
Q2 2022 13F
Filed Aug 15, 2022
 80 $4.0B
Q1 2022 13F
Filed May 13, 2022
 75 $4.2B
Q4 2021 13F
Filed Feb 11, 2022
 82 $4.5B
Q3 2021 13F
Filed Nov 12, 2021
 81 $4.4B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q1 2023

# Holding Reported value % of portfolio
1 RYAAY RYANAIR HOLDINGS PLC $871.5M 20.9%
2 CNI CANADIAN NATIONAL RAILWAY CO $557.8M 13.38%
3 TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD $254.5M 6.1%
4 UBS UBS GROUP AG $203.8M 4.89%
5 BBD BANCO BRADESCO SA $145.6M 3.49%
6 BABA ALIBABA GROUP HOLDING LTD $136.1M 3.26%
7 GOOG ALPHABET INC $94.9M 2.28%
8 DIS WALT DISNEY CO/THE $79.0M 1.89%
9 FISV FISERV INC $77.5M 1.86%
10 CNXC CONCENTRIX CORP $76.0M 1.82%
11 META META PLATFORMS INC $68.4M 1.64%
12 G GENPACT LTD $68.3M 1.64%
13 C CITIGROUP INC $66.5M 1.6%
14 WRK WESTROCK CO $64.5M 1.55%
15 CARR CARRIER GLOBAL CORP $63.5M 1.52%
16 PDD PDD HOLDINGS INC $62.3M 1.49%
17 MDLZ MONDELEZ INTERNATIONAL INC $57.6M 1.38%
18 BERY BERRY GLOBAL GROUP INC $57.6M 1.38%
19 ZBH ZIMMER BIOMET HOLDINGS INC $54.8M 1.31%
20 TME TENCENT MUSIC ENTERTAINMENT GROUP $52.7M 1.26%

Values as reported on the Q1 2023 Form 13F. Every position is in the holdings table below.

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