Sarah Ketterer - Causeway Capital Management 13F Activity & Position Changes (Q4 2019)

As of Dec 31, 2019, 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 2019, the filing reported:

New Buys - Ashland Inc., iShares MSCI Emerging Index Fun, Exelon Corporation, FedEx Corporation, Paramount Global, and 2 more

Increases - Xtrackers Harvest CSI 300 China, Alibaba Group Holding Limited, Baidu, Inc., BP p.l.c., Chunghwa Telecom Co., Ltd., and 12 more

Reductions - ABB Ltd., Alaska Air Group, Inc., Azul S.A., Credicorp, Barclays PLC, and 27 more

Complete Exits - Bank of America Corporation, Brixmor Property Group Inc., Banco Santander Brasil SA, Flowserve Corporation, Mondelez International, Inc., 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 2019	ABBNY ABB Ltd.	ABB Ltd.	Sell	-426,420	-20.8%	$39.16K	1,625,509
Q4 2019	ALK Alaska Air Group, Inc.	Alaska Air Group, Inc.	Sell	-2,300,443	-67.4%	$75.47K	1,114,019
Q4 2019	ASH Ashland Inc.	Ashland Inc.	Buy - Position Entry	+1,448,021	-	$110.82K	1,448,021
Q4 2019	ASHR Xtrackers Harvest CSI 300 China	Xtrackers Harvest CSI 300 China	Buy	+104,282	+23.8%	$16.10K	543,079
Q4 2019	AZUL Azul S.A.	Azul S.A.	Sell	-26,969	-15.8%	$6.14K	143,375
Q4 2019	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+138,850	+7.0%	$451.38K	2,128,139
Q4 2019	BAC Bank of America Corporation	Bank of America Corporation	Sell - Position Exit	-1,519,106	-100.0%	$0.00	-
Q4 2019	BAP Credicorp	Credicorp	Sell	-12,551	-4.0%	$64.67K	303,414
Q4 2019	BCS Barclays PLC	Barclays PLC	Sell	-784,991	-18.1%	$33.77K	3,547,028
Q4 2019	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+1,116,024	+20.3%	$833.89K	6,617,939
Q4 2019	BP BP p.l.c.	BP p.l.c.	Buy	+47,436	+7.2%	$26.58K	704,290
Q4 2019	BRX Brixmor Property Group Inc.	Brixmor Property Group Inc.	Sell - Position Exit	-3,779,232	-100.0%	$0.00	-
Q4 2019	BSBR Banco Santander Brasil SA	Banco Santander Brasil SA	Sell - Position Exit	-231,400	-100.0%	$0.00	-
Q4 2019	BTI British American Tobacco Indus	British American Tobacco Indus	Sell	-9,286	-1.1%	$35.84K	843,990
Q4 2019	C Citigroup, Inc.	Citigroup, Inc.	Sell	-510,551	-16.9%	$200.63K	2,511,280
Q4 2019	CHT Chunghwa Telecom Co., Ltd.	Chunghwa Telecom Co., Ltd.	Buy	+17,928	+40.6%	$2.29K	62,128
Q4 2019	CM Canadian Imperial Bank of Comme	Canadian Imperial Bank of Comme	Sell	-7,484	-0.3%	$225.86K	2,714,701
Q4 2019	EEM iShares MSCI Emerging Index Fun	iShares MSCI Emerging Index Fun	Buy - Position Entry	+22,000	-	$987.00	22,000
Q4 2019	EPI WisdomTree India Earnings Fund	WisdomTree India Earnings Fund	Sell	-92,400	-6.7%	$31.88K	1,280,953
Q4 2019	EWT iShares Inc iShares MSCI Taiwan	iShares Inc iShares MSCI Taiwan	Buy	+28,519	+48.2%	$3.61K	87,719
Q4 2019	EXC Exelon Corporation	Exelon Corporation	Buy - Position Entry	+2,153,113	-	$98.16K	2,153,113
Q4 2019	FDX FedEx Corporation	FedEx Corporation	Buy - Position Entry	+993,057	-	$150.16K	993,057
Q4 2019	FE FirstEnergy Corp.	FirstEnergy Corp.	Sell	-114,198	-3.5%	$151.29K	3,113,024
Q4 2019	FLS Flowserve Corporation	Flowserve Corporation	Sell - Position Exit	-1,834,057	-100.0%	$0.00	-
Q4 2019	GGB Gerdau S.A.	Gerdau S.A.	Sell	-294,779	-96.5%	$52.00	10,700
Q4 2019	GIL Gildan Activewear, Inc.	Gildan Activewear, Inc.	Sell	-5,383,532	-50.7%	$154.74K	5,240,087
Q4 2019	HAL Halliburton Company	Halliburton Company	Sell	-93,035	-0.9%	$257.30K	10,514,935
Q4 2019	HDB HDFC Bank Limited	HDFC Bank Limited	Buy	+7,000	+20.8%	$2.58K	40,636
Q4 2019	IBN ICICI Bank Limited	ICICI Bank Limited	Sell	-241,867	-3.9%	$88.95K	5,894,545
Q4 2019	INFY Infosys Limited	Infosys Limited	Sell	-261,200	-23.1%	$8.95K	867,182

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