Sarah Ketterer - Causeway Capital Management 13F Activity & Position Changes (Q3 2016)

As of Sep 30, 2016, 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 Q3 2016, the filing reported:

New Buys - ABB Ltd., CSX Corporation, Manulife Financial Corporation, Vanguard FTSE All-Wld ex-US SmC, Vanguard FTSE Emerging Markets

Increases - Advance Auto Parts Inc., Ambev S.A., Alibaba Group Holding Limited, Barclays PLC, Baidu, Inc., and 25 more

Reductions - Allstate Corporation (The), Biogen Inc., British American Tobacco Indus, Chunghwa Telecom Co., Ltd., Carnival Plc, and 11 more

Complete Exits - TD SYNNEX Corporation, United Airlines Holdings, Inc., Wells Fargo & Company

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
Q3 2016	AAP Advance Auto Parts Inc.	Advance Auto Parts Inc.	Buy	+122,235	+18.5%	$131.17K	782,920
Q3 2016	ABBNY ABB Ltd.	ABB Ltd.	Buy - Position Entry	+379,002	-	$8.53K	379,002
Q3 2016	ABEV Ambev S.A.	Ambev S.A.	Buy	+2,100	+6.0%	$227.00	37,300
Q3 2016	ALL Allstate Corporation (The)	Allstate Corporation (The)	Sell	-866,041	-45.2%	$81.75K	1,051,083
Q3 2016	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+683,289	+84.8%	$159.09K	1,489,489
Q3 2016	BCS Barclays PLC	Barclays PLC	Buy	+38,467	+1.7%	$19.99K	2,300,623
Q3 2016	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+30,375	+1.1%	$506.01K	2,777,800
Q3 2016	BIIB Biogen Inc.	Biogen Inc.	Sell	-84,819	-17.3%	$142.21K	404,444
Q3 2016	BTI British American Tobacco Indus	British American Tobacco Indus	Sell	-27,903	-12.1%	$25.84K	202,457
Q3 2016	C Citigroup, Inc.	Citigroup, Inc.	Buy	+372,077	+6.9%	$305.98K	5,771,742
Q3 2016	CCL Carnival Corporation	Carnival Corporation	Buy	+402,427	+15.2%	$167.28K	3,047,105
Q3 2016	CHT Chunghwa Telecom Co., Ltd.	Chunghwa Telecom Co., Ltd.	Sell	-6,845,100	-99.5%	$1.15K	32,900
Q3 2016	CSX CSX Corporation	CSX Corporation	Buy - Position Entry	+5,100,746	-	$175.00K	5,100,746
Q3 2016	CUK Carnival Plc	Carnival Plc	Sell	-123	-0.0%	$14.88K	303,220
Q3 2016	DEO Diageo plc	Diageo plc	Sell	-21,084	-14.9%	$13.96K	120,337
Q3 2016	EPI WisdomTree India Earnings Fund	WisdomTree India Earnings Fund	Sell	-1,217,421	-27.9%	$67.96K	3,143,579
Q3 2016	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-80,400	-47.5%	$8.17K	88,800
Q3 2016	HAL Halliburton Company	Halliburton Company	Buy	+867,404	+49.9%	$131.47K	2,604,131
Q3 2016	HDB HDFC Bank Limited	HDFC Bank Limited	Buy	+24,834	+19.1%	$11.13K	154,850
Q3 2016	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+685,739	+13.0%	$44.56K	5,945,614
Q3 2016	INFY Infosys Limited	Infosys Limited	Sell	-1,466,185	-49.0%	$24.32K	1,524,915
Q3 2016	ING ING Group, N.V.	ING Group, N.V.	Buy	+258,119	+46.6%	$10.02K	811,594
Q3 2016	JKS JinkoSolar Holding Company Limi	JinkoSolar Holding Company Limi	Buy	+14,200	+7.7%	$3.27K	197,900
Q3 2016	JNJ Johnson & Johnson	Johnson & Johnson	Sell	-81,899	-10.4%	$93.64K	705,335
Q3 2016	KEP Korea Electric Power Corporatio	Korea Electric Power Corporatio	Buy	+7,300	+3.3%	$5.54K	227,400
Q3 2016	LLY Eli Lilly and Company	Eli Lilly and Company	Buy	+80,488	+3.6%	$209.02K	2,313,413
Q3 2016	LPL LG Display Co, Ltd AMERICAN DEP	LG Display Co, Ltd AMERICAN DEP	Buy	+34,147	+19.6%	$2.65K	208,700
Q3 2016	LYG Lloyds Banking Group Plc	Lloyds Banking Group Plc	Buy	+410,611	+9.4%	$13.70K	4,772,551
Q3 2016	MFC Manulife Financial Corporation	Manulife Financial Corporation	Buy - Position Entry	+469,181	-	$6.62K	469,181
Q3 2016	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-384,632	-9.4%	$240.71K	3,715,639

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