Sarah Ketterer - Causeway Capital Management 13F Activity & Position Changes (Q2 2015)

As of Jun 30, 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 Q2 2015, the filing reported:

New Buys - Ambev S.A., American Express Company, Credicorp, PPL Corporation, United Airlines Holdings, Inc., and 2 more

Increases - Barclays PLC, British American Tobacco Indus, Citigroup, Inc., Chunghwa Telecom Co., Ltd., Carnival Plc, and 30 more

Reductions - Carnival Corporation, iShares MSCI Emerging Index Fun, Infosys Limited, Eli Lilly and Company, Altria Group, Inc., and 5 more

Complete Exits - AXA, Komatsu Ltd., PNC Financial Services Group, I, Rio Tinto Plc

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
Q2 2015	ABEV Ambev S.A.	Ambev S.A.	Buy - Position Entry	+347,000	-	$1.93K	347,000
Q2 2015	AXAHY AXA	AXA	Sell - Position Exit	-377,932	-100.0%	$0.00	-
Q2 2015	AXP American Express Company	American Express Company	Buy - Position Entry	+638,037	-	$57.94K	638,037
Q2 2015	BAP Credicorp	Credicorp	Buy - Position Entry	+17,266	-	$2.40K	17,266
Q2 2015	BCS Barclays PLC	Barclays PLC	Buy	+123,752	+9.3%	$23.90K	1,453,556
Q2 2015	BTI British American Tobacco Indus	British American Tobacco Indus	Buy	+34,007	+15.5%	$27.45K	253,564
Q2 2015	C Citigroup, Inc.	Citigroup, Inc.	Buy	+171,219	+6.0%	$193.74K	3,015,122
Q2 2015	CCL Carnival Corporation	Carnival Corporation	Sell	-226	-0.0%	$108.70K	1,884,452
Q2 2015	CHT Chunghwa Telecom Co., Ltd.	Chunghwa Telecom Co., Ltd.	Buy	+11,200	+137.9%	$617.00	19,323
Q2 2015	CUK Carnival Plc	Carnival Plc	Buy	+27,180	+8.0%	$18.83K	367,238
Q2 2015	CVX Chevron Corporation	Chevron Corporation	Buy	+119,173	+12.3%	$123.35K	1,091,275
Q2 2015	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Buy	+674,108	+29.6%	$141.93K	2,954,361
Q2 2015	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+40,641	+8.5%	$69.54K	519,715
Q2 2015	EEM iShares MSCI Emerging Index Fun	iShares MSCI Emerging Index Fun	Sell	-549,963	-71.1%	$8.02K	223,037
Q2 2015	EPI WisdomTree India Earnings Fund	WisdomTree India Earnings Fund	Buy	+2,631,800	+64.1%	$146.00K	6,740,300
Q2 2015	HDB HDFC Bank Limited	HDFC Bank Limited	Buy	+11,600	+137.8%	$1.21K	20,016
Q2 2015	HSBC HSBC Holdings, plc.	HSBC Holdings, plc.	Buy	+122,648	+32.5%	$22.40K	499,958
Q2 2015	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+92,500	+2.5%	$39.31K	3,772,375
Q2 2015	IMO Imperial Oil Limited	Imperial Oil Limited	Buy	+137,895	+78.9%	$12.07K	312,671
Q2 2015	INFY Infosys Limited	Infosys Limited	Sell	-499,700	-85.4%	$1.35K	85,400
Q2 2015	JNJ Johnson & Johnson	Johnson & Johnson	Buy	+352,882	+41.3%	$137.82K	1,207,926
Q2 2015	KEP Korea Electric Power Corporatio	Korea Electric Power Corporatio	Buy	+21,500	+17.2%	$2.98K	146,600
Q2 2015	KMTUY Komatsu Ltd.	Komatsu Ltd.	Sell - Position Exit	-561,243	-100.0%	$0.00	-
Q2 2015	LLY Eli Lilly and Company	Eli Lilly and Company	Sell	-102,308	-6.5%	$143.07K	1,463,978
Q2 2015	LPL LG Display Co, Ltd AMERICAN DEP	LG Display Co, Ltd AMERICAN DEP	Buy	+15,800	+17.2%	$1.25K	107,400
Q2 2015	LYG Lloyds Banking Group Plc	Lloyds Banking Group Plc	Buy	+478,472	+14.6%	$20.40K	3,757,613
Q2 2015	MAT Mattel, Inc.	Mattel, Inc.	Buy	+493,188	+21.3%	$84.37K	2,808,228
Q2 2015	MO Altria Group, Inc.	Altria Group, Inc.	Sell	-62,478	-4.4%	$76.34K	1,350,359
Q2 2015	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+140,547	+4.9%	$154.51K	2,994,891
Q2 2015	NTES NetEase, Inc.	NetEase, Inc.	Buy	+48,900	+43.5%	$23.30K	161,300

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