Exploring the Latest N-PORT Filing and Investment Strategies

Causeway International Value (Trades, Portfolio) recently submitted the N-PORT filing for the first quarter of 2025, providing insights into its investment moves during this period. Established on October 26, 2001, the Causeway International Value (Trades, Portfolio) Fund is managed with a focus on long-term growth of capital and income. The fund invests in companies in developed countries outside the U.S. that typically pay dividends or repurchase shares, with up to 15% of assets potentially allocated to emerging markets. The investment process involves screening, fundamental research, and portfolio construction, adhering to a value-driven, bottom-up approach. The fund prioritizes mid- to large-cap stocks in developed international markets, offering diversification benefits to U.S. portfolios, and emphasizes experienced personnel and a dedicated team focus.

Warning! GuruFocus has detected 10 Warning Signs with XPAR:KER.Causeway International Value's Strategic Moves: Carnival Corp Takes Center Stage

Summary of New Buy

Causeway International Value (Trades, Portfolio) added a total of 7 stocks, among them:

The most significant addition was Carnival Corp (NYSE:CCL), with 9,069,855 shares, accounting for 1.37% of the portfolio and a total value of $177.13 million. The second largest addition to the portfolio was E.ON SE (XTER:EOAN), consisting of 6,445,086 shares, representing approximately 0.75% of the portfolio, with a total value of 97,287,240. The third largest addition was Capgemini SE (XPAR:CAP), with 597,563 shares, accounting for 0.7% of the portfolio and a total value of 89,788,930.

Key Position Increases

Causeway International Value (Trades, Portfolio) also increased stakes in a total of 47 stocks, among them:

The most notable increase was Kering SA (XPAR:KER), with an additional 763,386 shares, bringing the total to 2,352,280 shares. This adjustment represents a significant 48.05% increase in share count, a 1.23% impact on the current portfolio, with a total value of 489,370,420. The second largest increase was Renesas Electronics Corp (TSE:6723), with an additional 8,999,800 shares, bringing the total to 31,289,300. This adjustment represents a significant 40.38% increase in share count, with a total value of ?419,672,440.

Summary of Sold Out

Causeway International Value (Trades, Portfolio) completely exited 8 holdings in the first quarter of 2025, as detailed below:

Danone SA (XPAR:BN): Causeway International Value (Trades, Portfolio) sold all 1,476,610 shares, resulting in a -0.96% impact on the portfolio. Check Point Software Technologies Ltd (NASDAQ:CHKP): Causeway International Value (Trades, Portfolio) liquidated all 496,630 shares, causing a -0.9% impact on the portfolio.

Story Continues

Key Position Reduces

Causeway International Value (Trades, Portfolio) also reduced positions in 15 stocks. The most significant changes include:

Reduced Nintendo Co Ltd (TSE:7974) by 963,600 shares, resulting in a -35.86% decrease in shares and a -0.55% impact on the portfolio. The stock traded at an average price of ?10,365 during the quarter and has returned 11.34% over the past 3 months and 34.13% year-to-date. Reduced Rolls-Royce Holdings PLC (LSE:RR.) by 5,002,666 shares, resulting in a -9.39% reduction in shares and a -0.35% impact on the portfolio. The stock traded at an average price of 6.65 during the quarter and has returned 16.26% over the past 3 months and 52.12% year-to-date.

Portfolio Overview

At the first quarter of 2025, Causeway International Value (Trades, Portfolio)'s portfolio included 69 stocks. The top holdings included 3.8% in Kering SA (XPAR:KER), 3.64% in Rolls-Royce Holdings PLC (LSE:RR.), 3.59% in Reckitt Benckiser Group PLC (LSE:RKT), 3.59% in Samsung Electronics Co Ltd (XKRX:005930), and 3.54% in Alstom SA (XPAR:ALO).

The holdings are mainly concentrated in 11 industries: Financial Services, Industrials, Technology, Healthcare, Consumer Defensive, Consumer Cyclical, Basic Materials, Communication Services, Utilities, Energy, and Real Estate.Causeway International Value's Strategic Moves: Carnival Corp Takes Center Stage

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.

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