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

According to the SEC 13F filed on Aug 13, 2026, the Causeway Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2014. 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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