Sarah Ketterer - Causeway Capital Management 13F Activity & Position Changes (Q1 2015)

As of Mar 31, 2015, 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 2015, the filing reported:

New Buys - Delta Air Lines, Inc., PNC Financial Services Group, I, Prudential Financial, Inc., PVH Corp., SM Energy Company

Increases - Citigroup, Inc., Chevron Corporation, iShares MSCI Emerging Index Fun, ICICI Bank Limited, Infosys Limited, and 9 more

Reductions - AXA, Barclays PLC, British American Tobacco Indus, Carnival Corporation, Carnival Plc, and 21 more

Complete Exits - CSX Corporation, Progressive Corporation (The), Grupo Televisa S.A.B.

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 2015	AXAHY AXA	AXA	Sell	-36,420	-8.8%	$9.54K	377,932
Q1 2015	BCS Barclays PLC	Barclays PLC	Sell	-101,037	-7.1%	$19.38K	1,329,804
Q1 2015	BTI British American Tobacco Indus	British American Tobacco Indus	Sell	-25,786	-10.5%	$22.78K	219,557
Q1 2015	C Citigroup, Inc.	Citigroup, Inc.	Buy	+33,577	+1.2%	$192.62K	2,843,903
Q1 2015	CCL Carnival Corporation	Carnival Corporation	Sell	-600,701	-24.2%	$120.14K	1,884,678
Q1 2015	CSX CSX Corporation	CSX Corporation	Sell - Position Exit	-2,821,858	-100.0%	$0.00	-
Q1 2015	CUK Carnival Plc	Carnival Plc	Sell	-53,753	-13.6%	$16.66K	340,058
Q1 2015	CVX Chevron Corporation	Chevron Corporation	Buy	+70,691	+7.8%	$136.87K	972,102
Q1 2015	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Buy - Position Entry	+2,280,253	-	$136.07K	2,280,253
Q1 2015	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-68,656	-12.5%	$67.04K	479,074
Q1 2015	EEM iShares MSCI Emerging Index Fun	iShares MSCI Emerging Index Fun	Buy	+127,000	+19.7%	$31.02K	773,000
Q1 2015	EPI WisdomTree India Earnings Fund	WisdomTree India Earnings Fund	Sell	-667,700	-14.0%	$93.67K	4,108,500
Q1 2015	HSBC HSBC Holdings, plc.	HSBC Holdings, plc.	Sell	-859,083	-69.5%	$16.07K	377,310
Q1 2015	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+82,900	+2.3%	$38.12K	3,679,875
Q1 2015	IMO Imperial Oil Limited	Imperial Oil Limited	Sell	-18,026	-9.3%	$6.97K	174,776
Q1 2015	INFY Infosys Limited	Infosys Limited	Buy	+558,100	+2067.0%	$20.52K	585,100
Q1 2015	JNJ Johnson & Johnson	Johnson & Johnson	Sell	-75,539	-8.1%	$115.34K	855,044
Q1 2015	KEP Korea Electric Power Corporatio	Korea Electric Power Corporatio	Buy	+43,700	+53.7%	$2.56K	125,100
Q1 2015	KMTUY Komatsu Ltd.	Komatsu Ltd.	Buy	+10,698	+1.9%	$11.00K	561,243
Q1 2015	LLY Eli Lilly and Company	Eli Lilly and Company	Sell	-89,626	-5.4%	$153.61K	1,566,286
Q1 2015	LPL LG Display Co, Ltd AMERICAN DEP	LG Display Co, Ltd AMERICAN DEP	Buy	+32,100	+53.9%	$1.31K	91,600
Q1 2015	LYG Lloyds Banking Group Plc	Lloyds Banking Group Plc	Sell	-346,056	-9.5%	$15.31K	3,279,141
Q1 2015	MAT Mattel, Inc.	Mattel, Inc.	Sell	-146,791	-6.0%	$70.84K	2,315,040
Q1 2015	MO Altria Group, Inc.	Altria Group, Inc.	Sell	-354,375	-20.1%	$82.01K	1,412,837
Q1 2015	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-376,041	-11.6%	$155.48K	2,854,344
Q1 2015	NTES NetEase, Inc.	NetEase, Inc.	Buy	+29,400	+35.4%	$11.84K	112,400
Q1 2015	NVS Novartis AG	Novartis AG	Sell	-113,626	-33.8%	$21.96K	222,652
Q1 2015	ORCL Oracle Corporation	Oracle Corporation	Sell	-317,689	-9.4%	$174.96K	3,069,061
Q1 2015	PBR-A Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Buy	+5,811,000	+631.8%	$40.99K	6,730,700
Q1 2015	PGR Progressive Corporation (The)	Progressive Corporation (The)	Sell - Position Exit	-3,268,311	-100.0%	$0.00	-

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