Sarah Ketterer - Causeway Capital Management 13F Activity & Position Changes (Q4 2015)

As of Dec 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 Q4 2015, the filing reported:

New Buys - Advance Auto Parts Inc., Allstate Corporation (The), Alibaba Group Holding Limited

Increases - Ambev S.A., Barclays PLC, British American Tobacco Indus, Citigroup, Inc., Chunghwa Telecom Co., Ltd., and 24 more

Reductions - Carnival Corporation, Chevron Corporation, Delta Air Lines, Inc., HSBC Holdings, plc., Imperial Oil Limited, and 12 more

Complete Exits - iShares MSCI Emerging Index Fun, iShares Core MSCI Emerging Mark, PPL Corporation, Rio Tinto Plc, Southern Copper Corporation, and 3 more

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 2015	AAP Advance Auto Parts Inc.	Advance Auto Parts Inc.	Buy - Position Entry	+521,530	-	$94.27K	521,530
Q4 2015	ABEV Ambev S.A.	Ambev S.A.	Buy	+69,300	+4.1%	$7.91K	1,772,700
Q4 2015	ALL Allstate Corporation (The)	Allstate Corporation (The)	Buy - Position Entry	+1,541,690	-	$114.90K	1,541,690
Q4 2015	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy - Position Entry	+393,000	-	$31.94K	393,000
Q4 2015	BCS Barclays PLC	Barclays PLC	Buy	+248,810	+17.4%	$21.70K	1,674,695
Q4 2015	BTI British American Tobacco Indus	British American Tobacco Indus	Buy	+5,975	+2.1%	$32.23K	291,783
Q4 2015	C Citigroup, Inc.	Citigroup, Inc.	Buy	+149,571	+3.7%	$259.67K	4,193,434
Q4 2015	CCL Carnival Corporation	Carnival Corporation	Sell	-119,578	-5.4%	$135.68K	2,075,951
Q4 2015	CHT Chunghwa Telecom Co., Ltd.	Chunghwa Telecom Co., Ltd.	Buy	+4,600	+17.4%	$931.00	31,000
Q4 2015	CUK Carnival Plc	Carnival Plc	Buy	+19,564	+5.6%	$21.00K	368,931
Q4 2015	CVX Chevron Corporation	Chevron Corporation	Sell	-54,856	-3.4%	$170.02K	1,576,807
Q4 2015	CYD China Yuchai	China Yuchai	Buy	+800	+1.2%	$721.00	67,000
Q4 2015	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-737,550	-20.7%	$172.16K	2,828,355
Q4 2015	DEO Diageo plc	Diageo plc	Buy	+576	+0.4%	$15.02K	137,702
Q4 2015	EEM iShares MSCI Emerging Index Fun	iShares MSCI Emerging Index Fun	Sell - Position Exit	-334,081	-100.0%	$0.00	-
Q4 2015	EPI WisdomTree India Earnings Fund	WisdomTree India Earnings Fund	Buy	+33,700	+0.7%	$99.91K	5,030,600
Q4 2015	HSBC HSBC Holdings, plc.	HSBC Holdings, plc.	Sell	-12,343	-1.9%	$25.37K	642,785
Q4 2015	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+38,700	+1.0%	$31.92K	4,076,875
Q4 2015	IEMG iShares Core MSCI Emerging Mark	iShares Core MSCI Emerging Mark	Sell - Position Exit	-77,031	-100.0%	$0.00	-
Q4 2015	IMO Imperial Oil Limited	Imperial Oil Limited	Sell	-138,957	-39.5%	$6.93K	213,163
Q4 2015	INFY Infosys Limited	Infosys Limited	Buy	+553,600	+64.2%	$23.73K	1,416,400
Q4 2015	JKS JinkoSolar Holding Company Limi	JinkoSolar Holding Company Limi	Buy	+6,200	+4.2%	$4.29K	155,100
Q4 2015	JNJ Johnson & Johnson	Johnson & Johnson	Sell	-96,070	-6.0%	$184.95K	1,497,289
Q4 2015	KEP Korea Electric Power Corporatio	Korea Electric Power Corporatio	Buy	+14,000	+6.1%	$5.12K	241,700
Q4 2015	LLY Eli Lilly and Company	Eli Lilly and Company	Sell	-265,830	-17.6%	$125.80K	1,241,347
Q4 2015	LPL LG Display Co, Ltd AMERICAN DEP	LG Display Co, Ltd AMERICAN DEP	Buy	+10,300	+6.2%	$1.85K	177,100
Q4 2015	LYG Lloyds Banking Group Plc	Lloyds Banking Group Plc	Buy	+620,964	+14.6%	$21.19K	4,861,106
Q4 2015	MAT Mattel, Inc.	Mattel, Inc.	Sell	-431,644	-9.5%	$133.70K	4,100,563
Q4 2015	MO Altria Group, Inc.	Altria Group, Inc.	Sell	-857,388	-50.0%	$71.68K	858,848
Q4 2015	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-33,178	-0.8%	$257.68K	3,875,456

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