{
 "manager": "Causeway Capital Management",
 "page": "https://www.moatshark.com/m/causeway-capital-management",
 "form": "13F-HR",
 "period": "2026-06-30",
 "filed": "2026-08-13",
 "previous_period": "2026-03-31",
 "filing_url": "https://www.sec.gov/Archives/edgar/data/1165797/000094562126001052/0000945621-26-001052-index.htm",
 "total_value_usd": 9235117160,
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holdings": [
  {
   "company": "Astrazeneca",
   "ticker": "AZN",
   "moatshark_slug": "azn",
   "sector": "Health care",
   "value_usd": 1751546442,
   "shares": 9357390,
   "portfolio_pct": 18.97,
   "previous_pct": 17.66,
   "change": "ADD",
   "share_change_pct": 26.1,
   "quarters_held": 2
  },
  {
   "company": "Carnival",
   "ticker": "CCL",
   "moatshark_slug": "ccl",
   "sector": "Industrials",
   "value_usd": 1176815641,
   "shares": 41190606,
   "portfolio_pct": 12.74,
   "previous_pct": 11.79,
   "change": "ADD",
   "share_change_pct": 11,
   "quarters_held": 5
  },
  {
   "company": "Deutsche Bank",
   "ticker": "DB",
   "moatshark_slug": "db",
   "sector": "Financials",
   "value_usd": 994163933,
   "shares": 29358318,
   "portfolio_pct": 10.77,
   "previous_pct": 8.88,
   "change": "ADD",
   "share_change_pct": 17.6,
   "quarters_held": 6
  },
  {
   "company": "Smurfit WestRock",
   "ticker": "SW",
   "moatshark_slug": "sw",
   "sector": "Materials",
   "value_usd": 695706054,
   "shares": 15039041,
   "portfolio_pct": 7.53,
   "previous_pct": 7.61,
   "change": "REDUCE",
   "share_change_pct": -3.4,
   "quarters_held": 8
  },
  {
   "company": "Canadian Pacific Kansas City",
   "ticker": "CP",
   "moatshark_slug": "cp",
   "sector": "Industrials",
   "value_usd": 581660870,
   "shares": 6711483,
   "portfolio_pct": 6.3,
   "previous_pct": 8.47,
   "change": "REDUCE",
   "share_change_pct": -23.7,
   "quarters_held": 12
  },
  {
   "company": "Taiwan Semiconductor Manufacturing",
   "ticker": "TSM",
   "moatshark_slug": "tsm",
   "sector": "Technology",
   "value_usd": 254092074,
   "shares": 532052,
   "portfolio_pct": 2.75,
   "previous_pct": 2.11,
   "change": "ADD",
   "share_change_pct": 4.6,
   "quarters_held": 53
  },
  {
   "company": "Alaska Air Group",
   "ticker": "ALK",
   "moatshark_slug": "alk",
   "sector": "Industrials",
   "value_usd": 166161153,
   "shares": 3183163,
   "portfolio_pct": 1.8,
   "previous_pct": 1.13,
   "change": "ADD",
   "share_change_pct": 27.2,
   "quarters_held": 3
  },
  {
   "company": "Carrier Global",
   "ticker": "CARR",
   "moatshark_slug": "carr",
   "sector": "Industrials",
   "value_usd": 159793459,
   "shares": 2178506,
   "portfolio_pct": 1.73,
   "previous_pct": 1.45,
   "change": "ADD",
   "share_change_pct": 3.6,
   "quarters_held": 4
  },
  {
   "company": "Live Nation Entertainment",
   "ticker": "LYV",
   "moatshark_slug": "lyv",
   "sector": "Consumer discretionary",
   "value_usd": 129330823,
   "shares": 706301,
   "portfolio_pct": 1.4,
   "previous_pct": 0.99,
   "change": "ADD",
   "share_change_pct": 34.2,
   "quarters_held": 8
  },
  {
   "company": "Merck & Co.",
   "ticker": "MRK",
   "moatshark_slug": "mrk",
   "sector": "Health care",
   "value_usd": 122708787,
   "shares": 954932,
   "portfolio_pct": 1.33,
   "previous_pct": 1.26,
   "change": "ADD",
   "share_change_pct": 11.8,
   "quarters_held": 7
  },
  {
   "company": "Meta Platforms",
   "ticker": "META",
   "moatshark_slug": "meta",
   "sector": "Communication and media",
   "value_usd": 113480146,
   "shares": 201459,
   "portfolio_pct": 1.23,
   "previous_pct": 1.02,
   "change": "ADD",
   "share_change_pct": 39.1,
   "quarters_held": 21
  },
  {
   "company": "Alphabet",
   "ticker": "GOOG",
   "moatshark_slug": "goog",
   "sector": "Communication and media",
   "value_usd": 111729080,
   "shares": 316217,
   "portfolio_pct": 1.21,
   "previous_pct": 1.19,
   "change": "REDUCE",
   "share_change_pct": -6.2,
   "quarters_held": 24
  },
  {
   "company": "Barclays",
   "ticker": "BCS",
   "moatshark_slug": "bcs",
   "sector": "Financials",
   "value_usd": 106787786,
   "shares": 3975718,
   "portfolio_pct": 1.16,
   "previous_pct": 1.06,
   "change": "REDUCE",
   "share_change_pct": -2.4,
   "quarters_held": 53
  },
  {
   "company": "Credicorp",
   "ticker": "BAP",
   "moatshark_slug": "bap",
   "sector": "Financials",
   "value_usd": 99512757,
   "shares": 255436,
   "portfolio_pct": 1.08,
   "previous_pct": 1.02,
   "change": "ADD",
   "share_change_pct": 4.2,
   "quarters_held": 9
  },
  {
   "company": "SAP",
   "ticker": "SAP",
   "moatshark_slug": "sap",
   "sector": "Technology",
   "value_usd": 97058639,
   "shares": 629801,
   "portfolio_pct": 1.05,
   "previous_pct": 0.96,
   "change": "ADD",
   "share_change_pct": 38.1,
   "quarters_held": 30
  },
  {
   "company": "Alibaba Group Holding",
   "ticker": "BABA",
   "moatshark_slug": "baba",
   "sector": "Consumer discretionary",
   "value_usd": 95503939,
   "shares": 995040,
   "portfolio_pct": 1.03,
   "previous_pct": 1.65,
   "change": "REDUCE",
   "share_change_pct": -6.9,
   "quarters_held": 43
  },
  {
   "company": "Axis Capital Holdings",
   "ticker": "AXS",
   "moatshark_slug": "axs",
   "sector": "Insurance",
   "value_usd": 92369066,
   "shares": 859727,
   "portfolio_pct": 1,
   "previous_pct": 1.02,
   "change": "ADD",
   "share_change_pct": 5.4,
   "quarters_held": 8
  },
  {
   "company": "Everest Group",
   "ticker": "EG",
   "moatshark_slug": "eg",
   "sector": "Insurance",
   "value_usd": 90272674,
   "shares": 252702,
   "portfolio_pct": 0.98,
   "previous_pct": 1,
   "change": "ADD",
   "share_change_pct": 1.1,
   "quarters_held": 4
  },
  {
   "company": "Ingersoll Rand",
   "ticker": "IR",
   "moatshark_slug": "ir",
   "sector": "Industrials",
   "value_usd": 84752521,
   "shares": 1033693,
   "portfolio_pct": 0.92,
   "previous_pct": 0.62,
   "change": "ADD",
   "share_change_pct": 65.1,
   "quarters_held": 5
  },
  {
   "company": "Koninklijke Philips",
   "ticker": "PHG",
   "moatshark_slug": "phg",
   "sector": "Health care",
   "value_usd": 83254747,
   "shares": 3061962,
   "portfolio_pct": 0.9,
   "previous_pct": 0.83,
   "change": "ADD",
   "share_change_pct": 24.7,
   "quarters_held": 18
  },
  {
   "company": "Novo-Nordisk",
   "ticker": "NVO",
   "moatshark_slug": "nvo",
   "sector": "Health care",
   "value_usd": 80424851,
   "shares": 1677615,
   "portfolio_pct": 0.87,
   "previous_pct": 0.53,
   "change": "ADD",
   "share_change_pct": 42.9,
   "quarters_held": 5
  },
  {
   "company": "Jones Lang Lasalle",
   "ticker": "JLL",
   "moatshark_slug": "jll",
   "sector": "Real estate",
   "value_usd": 76945801,
   "shares": 248252,
   "portfolio_pct": 0.83,
   "previous_pct": 0.7,
   "change": "ADD",
   "share_change_pct": 33.3,
   "quarters_held": 17
  },
  {
   "company": "Citizens Financial Group",
   "ticker": "CFG",
   "moatshark_slug": "cfg",
   "sector": "Financials",
   "value_usd": 75471950,
   "shares": 1077093,
   "portfolio_pct": 0.82,
   "previous_pct": 0.77,
   "change": "ADD",
   "share_change_pct": 2.7,
   "quarters_held": 13
  },
  {
   "company": "NetEase",
   "ticker": "NTES",
   "moatshark_slug": "ntes",
   "sector": "Communication and media",
   "value_usd": 73348874,
   "shares": 572412,
   "portfolio_pct": 0.79,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Diageo",
   "ticker": "DEO",
   "moatshark_slug": "deo",
   "sector": "Consumer staples",
   "value_usd": 72262863,
   "shares": 899015,
   "portfolio_pct": 0.78,
   "previous_pct": 0.61,
   "change": "ADD",
   "share_change_pct": 34.9,
   "quarters_held": 14
  },
  {
   "company": "Ishares MSCI India Etf",
   "ticker": "INDA",
   "moatshark_slug": "inda",
   "sector": null,
   "value_usd": 69437325,
   "shares": 1171349,
   "portfolio_pct": 0.75,
   "previous_pct": 0.61,
   "change": "ADD",
   "share_change_pct": 25.8,
   "quarters_held": 29
  },
  {
   "company": "Zimmer Biomet Holdings",
   "ticker": "ZBH",
   "moatshark_slug": "zbh",
   "sector": "Health care",
   "value_usd": 67908650,
   "shares": 788810,
   "portfolio_pct": 0.74,
   "previous_pct": 0.9,
   "change": "REDUCE",
   "share_change_pct": -2.4,
   "quarters_held": 19
  },
  {
   "company": "Boeing",
   "ticker": "BA",
   "moatshark_slug": "ba",
   "sector": "Industrials",
   "value_usd": 67765478,
   "shares": 313048,
   "portfolio_pct": 0.73,
   "previous_pct": 0.77,
   "change": "REDUCE",
   "share_change_pct": -0.3,
   "quarters_held": 3
  },
  {
   "company": "Citigroup",
   "ticker": "C",
   "moatshark_slug": "c",
   "sector": "Financials",
   "value_usd": 64221787,
   "shares": 458858,
   "portfolio_pct": 0.7,
   "previous_pct": 0.88,
   "change": "REDUCE",
   "share_change_pct": -27.7,
   "quarters_held": 53
  },
  {
   "company": "Natwest Group",
   "ticker": "NWG",
   "moatshark_slug": "nwg",
   "sector": "Financials",
   "value_usd": 61480917,
   "shares": 3487290,
   "portfolio_pct": 0.67,
   "previous_pct": 0.55,
   "change": "ADD",
   "share_change_pct": 16.7,
   "quarters_held": 12
  },
  {
   "company": "Biogen",
   "ticker": "BIIB",
   "moatshark_slug": "biib",
   "sector": "Health care",
   "value_usd": 60125780,
   "shares": 278283,
   "portfolio_pct": 0.65,
   "previous_pct": 0.63,
   "change": "REDUCE",
   "share_change_pct": -0.9,
   "quarters_held": 7
  },
  {
   "company": "Gold Fields",
   "ticker": "GFI",
   "moatshark_slug": "gfi",
   "sector": "Materials",
   "value_usd": 57547497,
   "shares": 1713233,
   "portfolio_pct": 0.62,
   "previous_pct": 0.91,
   "change": "ADD",
   "share_change_pct": 4.8,
   "quarters_held": 5
  },
  {
   "company": "Analog Devices",
   "ticker": "ADI",
   "moatshark_slug": "adi",
   "sector": "Technology",
   "value_usd": 56417919,
   "shares": 142050,
   "portfolio_pct": 0.61,
   "previous_pct": 0.79,
   "change": "REDUCE",
   "share_change_pct": -29.6,
   "quarters_held": 11
  },
  {
   "company": "RELX",
   "ticker": "RELX",
   "moatshark_slug": "relx",
   "sector": "Industrials",
   "value_usd": 55812945,
   "shares": 1762329,
   "portfolio_pct": 0.6,
   "previous_pct": 0.94,
   "change": "REDUCE",
   "share_change_pct": -23.6,
   "quarters_held": 22
  },
  {
   "company": "Anglogold Ashanti",
   "ticker": "AU",
   "moatshark_slug": "au",
   "sector": "Materials",
   "value_usd": 55740262,
   "shares": 688027,
   "portfolio_pct": 0.6,
   "previous_pct": 1.06,
   "change": "REDUCE",
   "share_change_pct": -23.5,
   "quarters_held": 7
  },
  {
   "company": "ING Groep",
   "ticker": "ING",
   "moatshark_slug": "ing",
   "sector": "Financials",
   "value_usd": 53053757,
   "shares": 1690687,
   "portfolio_pct": 0.57,
   "previous_pct": 0.49,
   "change": "ADD",
   "share_change_pct": 9.9,
   "quarters_held": 42
  },
  {
   "company": "Booz Allen Hamilton Holding",
   "ticker": "BAH",
   "moatshark_slug": "bah",
   "sector": "Industrials",
   "value_usd": 51567484,
   "shares": 849966,
   "portfolio_pct": 0.56,
   "previous_pct": 0.82,
   "change": "REDUCE",
   "share_change_pct": -0.9,
   "quarters_held": 3
  },
  {
   "company": "Texas Instruments",
   "ticker": "TXN",
   "moatshark_slug": "txn",
   "sector": "Technology",
   "value_usd": 49627568,
   "shares": 166496,
   "portfolio_pct": 0.54,
   "previous_pct": 0.49,
   "change": "REDUCE",
   "share_change_pct": -19.3,
   "quarters_held": 2
  },
  {
   "company": "National Grid",
   "ticker": "NGG",
   "moatshark_slug": "ngg",
   "sector": "Utilities",
   "value_usd": 48913194,
   "shares": 590240,
   "portfolio_pct": 0.53,
   "previous_pct": 0.56,
   "change": "ADD",
   "share_change_pct": 9.6,
   "quarters_held": 5
  },
  {
   "company": "DTE Energy",
   "ticker": "DTE",
   "moatshark_slug": "dte",
   "sector": "Utilities",
   "value_usd": 48838491,
   "shares": 320526,
   "portfolio_pct": 0.53,
   "previous_pct": 0.58,
   "change": "REDUCE",
   "share_change_pct": -0.5,
   "quarters_held": 2
  },
  {
   "company": "Pfizer",
   "ticker": "PFE",
   "moatshark_slug": "pfe",
   "sector": "Health care",
   "value_usd": 46156576,
   "shares": 1916801,
   "portfolio_pct": 0.5,
   "previous_pct": 0.66,
   "change": "ADD",
   "share_change_pct": 0.1,
   "quarters_held": 9
  },
  {
   "company": "Petroleo Brasileiro",
   "ticker": "PBR",
   "moatshark_slug": "pbr",
   "sector": "Energy",
   "value_usd": 45334575,
   "shares": 3096624,
   "portfolio_pct": 0.49,
   "previous_pct": 0.34,
   "change": "ADD",
   "share_change_pct": 107,
   "quarters_held": 2
  },
  {
   "company": "Prudential",
   "ticker": "PUK",
   "moatshark_slug": "puk",
   "sector": "Insurance",
   "value_usd": 45287940,
   "shares": 1689218,
   "portfolio_pct": 0.49,
   "previous_pct": 0.46,
   "change": "ADD",
   "share_change_pct": 27.9,
   "quarters_held": 41
  },
  {
   "company": "Smith & Nephew",
   "ticker": "SNN",
   "moatshark_slug": "snn",
   "sector": "Health care",
   "value_usd": 45092472,
   "shares": 1565167,
   "portfolio_pct": 0.49,
   "previous_pct": 0.37,
   "change": "ADD",
   "share_change_pct": 64.2,
   "quarters_held": 7
  },
  {
   "company": "TAL Education Group",
   "ticker": "TAL",
   "moatshark_slug": "tal",
   "sector": "Other",
   "value_usd": 39480365,
   "shares": 4125430,
   "portfolio_pct": 0.43,
   "previous_pct": 0.49,
   "change": "ADD",
   "share_change_pct": 18.6,
   "quarters_held": 2
  },
  {
   "company": "UnitedHealth Group",
   "ticker": "UNH",
   "moatshark_slug": "unh",
   "sector": "Health care",
   "value_usd": 36345598,
   "shares": 87447,
   "portfolio_pct": 0.39,
   "previous_pct": 0.24,
   "change": "ADD",
   "share_change_pct": 21.7,
   "quarters_held": 2
  },
  {
   "company": "Walt Disney",
   "ticker": "DIS",
   "moatshark_slug": "dis",
   "sector": "Consumer discretionary",
   "value_usd": 34707742,
   "shares": 360600,
   "portfolio_pct": 0.38,
   "previous_pct": 0.66,
   "change": "REDUCE",
   "share_change_pct": -35.6,
   "quarters_held": 26
  },
  {
   "company": "Sanofi",
   "ticker": "SNY",
   "moatshark_slug": "sny",
   "sector": "Health care",
   "value_usd": 34301031,
   "shares": 804056,
   "portfolio_pct": 0.37,
   "previous_pct": 0.63,
   "change": "REDUCE",
   "share_change_pct": -24.5,
   "quarters_held": 25
  },
  {
   "company": "British American Tobacco",
   "ticker": "BTI",
   "moatshark_slug": "bti",
   "sector": "Consumer staples",
   "value_usd": 33839878,
   "shares": 547925,
   "portfolio_pct": 0.37,
   "previous_pct": 0.36,
   "change": "ADD",
   "share_change_pct": 9.4,
   "quarters_held": 53
  },
  {
   "company": "Sumitomo Mitsui Financial Group",
   "ticker": "SMFG",
   "moatshark_slug": "smfg",
   "sector": "Financials",
   "value_usd": 32837743,
   "shares": 1392610,
   "portfolio_pct": 0.36,
   "previous_pct": 0.31,
   "change": "ADD",
   "share_change_pct": 9.9,
   "quarters_held": 5
  },
  {
   "company": "Vista Energy",
   "ticker": "VIST",
   "moatshark_slug": "vist",
   "sector": "Energy",
   "value_usd": 31981345,
   "shares": 501275,
   "portfolio_pct": 0.35,
   "previous_pct": 0.2,
   "change": "ADD",
   "share_change_pct": 126.9,
   "quarters_held": 2
  },
  {
   "company": "Boston Scientific",
   "ticker": "BSX",
   "moatshark_slug": "bsx",
   "sector": "Health care",
   "value_usd": 30744061,
   "shares": 720339,
   "portfolio_pct": 0.33,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "JD.com",
   "ticker": "JD",
   "moatshark_slug": "jd",
   "sector": "Consumer discretionary",
   "value_usd": 30555794,
   "shares": 1199207,
   "portfolio_pct": 0.33,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Vanguard Tax-Managed Fds",
   "ticker": "VEA",
   "moatshark_slug": "vea",
   "sector": null,
   "value_usd": 30446154,
   "shares": 427314,
   "portfolio_pct": 0.33,
   "previous_pct": 0.58,
   "change": "REDUCE",
   "share_change_pct": -42,
   "quarters_held": 17
  },
  {
   "company": "Gerdau",
   "ticker": "GGB",
   "moatshark_slug": "ggb",
   "sector": "Materials",
   "value_usd": 29207334,
   "shares": 7229538,
   "portfolio_pct": 0.32,
   "previous_pct": 0.3,
   "change": "ADD",
   "share_change_pct": 5.7,
   "quarters_held": 14
  },
  {
   "company": "Anheuser Busch Inbev",
   "ticker": "BUD",
   "moatshark_slug": "bud",
   "sector": "Consumer staples",
   "value_usd": 28646903,
   "shares": 347657,
   "portfolio_pct": 0.31,
   "previous_pct": 0.49,
   "change": "REDUCE",
   "share_change_pct": -40.1,
   "quarters_held": 16
  },
  {
   "company": "Pagseguro Digital",
   "ticker": "PAGS",
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 ]
}