Sarah Ketterer - Causeway Capital Management 13F Activity & Position Changes (Q4 2014)

As of Dec 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 Q4 2014, the filing reported:

New Buys - Ishares MSCI India ETF, Korea Electric Power Corporatio, LG Display Co, Ltd AMERICAN DEP, NetEase, Inc., QUALCOMM Incorporated

Increases - AXA, Barclays PLC, British American Tobacco Indus, Citigroup, Inc., Carnival Corporation, and 28 more

Reductions - CSX Corporation, China Yuchai, HDFC Bank Limited, HSBC Holdings, plc., Lloyds Banking Group Plc, and 3 more

Complete Exits - Boeing Company (The), First American Corporation (New, Siemens AG

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
Q4 2014	AXAHY AXA	AXA	Buy	+15,217	+3.8%	$9.48K	414,352
Q4 2014	BA Boeing Company (The)	Boeing Company (The)	Sell - Position Exit	-361,762	-100.0%	$0.00	-
Q4 2014	BCS Barclays PLC	Barclays PLC	Buy	+1,914	+0.1%	$21.48K	1,430,841
Q4 2014	BTI British American Tobacco Indus	British American Tobacco Indus	Buy	+11,876	+5.1%	$26.45K	245,343
Q4 2014	C Citigroup, Inc.	Citigroup, Inc.	Buy	+155,822	+5.9%	$170.20K	2,810,326
Q4 2014	CCL Carnival Corporation	Carnival Corporation	Buy	+122,979	+5.2%	$126.70K	2,485,379
Q4 2014	CSX CSX Corporation	CSX Corporation	Sell	-945,393	-25.1%	$114.17K	2,821,858
Q4 2014	CUK Carnival Plc	Carnival Plc	Buy	+74,083	+23.2%	$17.72K	393,811
Q4 2014	CVX Chevron Corporation	Chevron Corporation	Buy	+214,133	+31.2%	$113.64K	901,411
Q4 2014	CYD China Yuchai	China Yuchai	Sell	-70,100	-45.8%	$1.58K	83,100
Q4 2014	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+55,330	+11.2%	$58.07K	547,730
Q4 2014	EEM iShares MSCI Emerging Index Fun	iShares MSCI Emerging Index Fun	Buy	+532,638	+469.9%	$25.38K	646,000
Q4 2014	EPI WisdomTree India Earnings Fund	WisdomTree India Earnings Fund	Buy	+2,298,300	+92.8%	$105.31K	4,776,200
Q4 2014	FAF First American Corporation (New	First American Corporation (New	Sell - Position Exit	-3,163,438	-100.0%	$0.00	-
Q4 2014	HDB HDFC Bank Limited	HDFC Bank Limited	Sell	-1,400	-14.3%	$427.00	8,416
Q4 2014	HSBC HSBC Holdings, plc.	HSBC Holdings, plc.	Sell	-7,060	-0.6%	$18.84K	1,236,393
Q4 2014	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+3,290,175	+1072.4%	$41.55K	3,596,975
Q4 2014	IMO Imperial Oil Limited	Imperial Oil Limited	Buy	+4,889	+2.6%	$8.30K	192,802
Q4 2014	INDA Ishares MSCI India ETF	Ishares MSCI India ETF	Buy - Position Entry	+250,000	-	$7.52K	250,000
Q4 2014	INFY Infosys Limited	Infosys Limited	Buy	+24,700	+1073.9%	$849.00	27,000
Q4 2014	JNJ Johnson & Johnson	Johnson & Johnson	Buy	+77,433	+9.1%	$109.36K	930,583
Q4 2014	KEP Korea Electric Power Corporatio	Korea Electric Power Corporatio	Buy - Position Entry	+81,400	-	$1.58K	81,400
Q4 2014	KMTUY Komatsu Ltd.	Komatsu Ltd.	Buy	+35,916	+7.0%	$12.20K	550,545
Q4 2014	LLY Eli Lilly and Company	Eli Lilly and Company	Buy	+317,520	+23.7%	$128.61K	1,655,912
Q4 2014	LPL LG Display Co, Ltd AMERICAN DEP	LG Display Co, Ltd AMERICAN DEP	Buy - Position Entry	+59,500	-	$901.00	59,500
Q4 2014	LYG Lloyds Banking Group Plc	Lloyds Banking Group Plc	Sell	-474,518	-11.6%	$16.82K	3,625,197
Q4 2014	MAT Mattel, Inc.	Mattel, Inc.	Buy	+475,806	+24.0%	$85.64K	2,461,831
Q4 2014	MO Altria Group, Inc.	Altria Group, Inc.	Sell	-84,388	-4.6%	$98.85K	1,767,212
Q4 2014	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+112,652	+3.6%	$168.74K	3,230,385
Q4 2014	NTES NetEase, Inc.	NetEase, Inc.	Buy - Position Entry	+83,000	-	$8.23K	83,000

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