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

According to the SEC 13F filed on Aug 13, 2026, the Causeway Capital Management portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2015. 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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