Sarah Ketterer - Causeway Capital Management 13F Activity & Position Changes (Q1 2014)

As of Mar 31, 2014, the Causeway Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2014, the filing reported:

New Buys - AXA, CSX Corporation, Progressive Corporation (The), Grupo Televisa S.A.B.

Increases - American Airlines Group, Inc., ABB Ltd., Boeing Company (The), Barclays PLC, British American Tobacco Indus, and 30 more

Reductions - BRF S.A., WisdomTree India Earnings Fund, Fomento Economico Mexicano S.A., Imperial Oil Limited, Infosys Limited, and 4 more

Complete Exits - Banco Bilbao Vizcaya Argentaria, iShares MSCI Emerging Index Fun, JP Morgan Chase & Co.

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2014	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Buy	+374,783	+15.9%	$104.85K	2,726,099
Q1 2014	ABBNY ABB Ltd.	ABB Ltd.	Buy	+178,106	+50.0%	$13.78K	534,319
Q1 2014	AXAHY AXA	AXA	Buy - Position Entry	+333,037	-	$8.66K	333,037
Q1 2014	BA Boeing Company (The)	Boeing Company (The)	Buy	+53,400	+8.9%	$86.63K	655,722
Q1 2014	BBVA Banco Bilbao Vizcaya Argentaria	Banco Bilbao Vizcaya Argentaria	Sell - Position Exit	-631,612	-100.0%	$0.00	-
Q1 2014	BCS Barclays PLC	Barclays PLC	Buy	+264,969	+31.9%	$17.20K	1,095,319
Q1 2014	BRFS BRF S.A.	BRF S.A.	Sell	-13,400	-18.6%	$719.00	58,800
Q1 2014	BTI British American Tobacco Indus	British American Tobacco Indus	Buy	+39,086	+23.4%	$22.95K	205,977
Q1 2014	C Citigroup, Inc.	Citigroup, Inc.	Buy	+755,404	+51.5%	$111.09K	2,223,004
Q1 2014	CCL Carnival Corporation	Carnival Corporation	Buy	+195,600	+16.4%	$55.17K	1,385,000
Q1 2014	CHT Chunghwa Telecom Co., Ltd.	Chunghwa Telecom Co., Ltd.	Buy	+700	+9.4%	$249.00	8,123
Q1 2014	CSX CSX Corporation	CSX Corporation	Buy - Position Entry	+2,356,551	-	$71.86K	2,356,551
Q1 2014	CUK Carnival Plc	Carnival Plc	Buy	+32,422	+17.2%	$8.46K	220,561
Q1 2014	CYD China Yuchai	China Yuchai	Buy	+15,700	+10.3%	$3.08K	168,869
Q1 2014	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+61,100	+16.0%	$37.23K	441,900
Q1 2014	EEM iShares MSCI Emerging Index Fun	iShares MSCI Emerging Index Fun	Sell - Position Exit	-96,900	-100.0%	$0.00	-
Q1 2014	EPI WisdomTree India Earnings Fund	WisdomTree India Earnings Fund	Sell	-8,000	-0.4%	$30.96K	2,144,300
Q1 2014	FAF First American Corporation (New	First American Corporation (New	Buy	+619,150	+37.3%	$63.60K	2,276,882
Q1 2014	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-3,900	-16.6%	$1.73K	19,600
Q1 2014	HDB HDFC Bank Limited	HDFC Bank Limited	Buy	+5,300	+117.4%	$403.00	9,816
Q1 2014	HSBC HSBC Holdings, plc.	HSBC Holdings, plc.	Buy	+31,710	+10.4%	$17.04K	335,218
Q1 2014	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+5,200	+72.2%	$543.00	12,400
Q1 2014	IMO Imperial Oil Limited	Imperial Oil Limited	Sell	-94,787	-25.1%	$13.14K	282,224
Q1 2014	INFY Infosys Limited	Infosys Limited	Sell	-55,700	-77.4%	$883.00	16,295
Q1 2014	JNJ Johnson & Johnson	Johnson & Johnson	Buy	+136,900	+24.5%	$72.04K	696,350
Q1 2014	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell - Position Exit	-771,846	-100.0%	$0.00	-
Q1 2014	KEP Korea Electric Power Corporatio	Korea Electric Power Corporatio	Buy	+522,855	+57.5%	$16.51K	1,431,534
Q1 2014	KT KT Corporation	KT Corporation	Sell	-21,320	-12.2%	$1.43K	153,019
Q1 2014	LYG Lloyds Banking Group Plc	Lloyds Banking Group Plc	Buy	+690,954	+24.0%	$18.15K	3,566,494
Q1 2014	MO Altria Group, Inc.	Altria Group, Inc.	Buy	+274,800	+21.8%	$60.64K	1,537,500

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