Causeway International Value’s Strategic Moves in Q4

Photo of author
Written By Jackson Hartwell

Causeway International Value, renowned for its value-centric investment strategy, recently disclosed its N-PORT filing for the fourth quarter of 2023. Established on October 26, 2001, Causeway International Value prioritizes sustained capital appreciation and income growth by investing in developed international markets.

Through a meticulous three-stage investment process comprising screening, fundamental research, and portfolio construction, Causeway International Value employs a bottom-up approach to stock selection, focusing on dividend-yielding and share-buyback-oriented companies. 

This approach aims to complement U.S. portfolios with mid to large-cap stocks, emphasizing long-term value creation and resilience in diverse market conditions. With a track record of strategic investments, Causeway International Value remains poised for continued success in delivering superior returns to its investors.

Summary of New Acquisitions

In the last quarter, Causeway International Value (Trades, Portfolio) expanded its portfolio by introducing 10 new stocks. Notable additions include:

Seven & i Holdings Co Ltd (TSE:3382, Financial): Acquired 1,926,300 shares, constituting 1.06% of the portfolio with a total value of ¥76,437.22 million.

Credits: DepositPhotos

Compagnie Financiere Richemont SA (XSWX:CFR, Financial): Purchased 524,338 shares, representing approximately 1% of the portfolio, valued at CHF 72,162.33 million.

Assa Abloy AB (OSTO:ASSA B, Financial): Added 1,447,931 shares, comprising 0.58% of the portfolio, with a total value of kr 41,674.83 million.

Read More: CleanSpark Exceeds 15 EH/s, Completes Purchase of Mississippi Bitcoin Mining Data Centers

Notable Increases in Key Positions

Causeway International Value (Trades, Portfolio) increased its stakes in 35 existing holdings, witnessing substantial increments in:

Fanuc Corp (TSE:6954, Financial): Expanded its holdings by 4,717,100 shares, marking a 713.09% increase in share count and a 1.93% portfolio impact, valued at ¥158,191.87 million.

Alstom SA (XPAR:ALO, Financial): Augmented its position by 8,039,844 shares, translating to a 296.92% increase in share count, valued at €144,512.57 million.

Divestments and Reductions

In Q4 2023, Causeway International Value (Trades, Portfolio) divested from several holdings:

Sold Out Positions: Completely exited iShares MSCI EAFE ETF (EFA, Financial), liquidating all 4,745,100 shares, impacting the portfolio by -5.12%.

Key Position Reductions: Noteworthy reductions include Rolls-Royce Holdings PLC (LSE:RR., Financial), trimming 57,190,326 shares (-39.53%), and Rio Tinto PLC (LSE:RIO, Financial), reducing by 1,188,301 shares (-69.97%).

Also Read: Successful Touch Down on the Moon SkyRockets LUNR Stock: Is it a Buy?

Portfolio Overview

As of Q4 2023, Causeway International Value (Trades, Portfolio) managed a portfolio comprising 70 stocks, with significant holdings in Rolls-Royce Holdings PLC (4.65%), Samsung Electronics Co Ltd (4.59%), Roche Holding AG (2.87%), Reckitt Benckiser Group PLC (2.84%), and BP PLC (2.68%). 

The portfolio spans across 11 industries, with a focus on Financial Services, Industrials, Healthcare, Consumer Defensive, Technology, Consumer Cyclical, Basic Materials, Utilities, Energy, Communication Services, and Real Estate.

Committed to Value Driven Investment 

Causeway International Value’s strategic maneuvers underscore its commitment to value-driven investment principles and meticulous portfolio management in navigating international markets. 

Credits: DepositPhotos

Such prudent adjustments reflect the fund’s adaptability to evolving market conditions, positioning it for sustained growth and value creation over the long term. 

With a well-diversified portfolio and strategic acquisitions, Causeway International Value stands poised for continued success in delivering value to its investors.

Read Next: Will Omnicell’s Strategic Positioning Ensure its Long-term Profitability? 


You should read and understand this disclaimer in its entirety before joining or viewing the website or email/blog list of (the “Publisher”). The information (collectively the “Advertisement”) disseminated by email, text or other method by the Publisher including this publication is a paid commercial advertisement and should not be relied upon for making an investment decision or any other purpose. The Publisher is engaged in the business of marketing and advertising the securities of publicly traded companies in exchange for compensation. The track record, gains, upside, and/or losses mentioned in the Advertisement, if any, should not be considered as true or accurate or be the basis for an investment. The Publisher does not verify the accuracy or completeness of any information included in the Advertisement. While the Publisher does not charge for the SMS service, standard carrier message and data rates may apply. To unsubscribe from receiving promotional text messages to your phone sent via an autodialer, using your phone reply to the sender’s phone number with the word STOP or HELP for help.

The Advertisement is not a solicitation or recommendation to buy securities of the advertised company. An offer to buy or sell securities can be made only by a disclosure document that complies with applicable securities laws and only in the states or other jurisdictions in which the security is eligible for sale. The Advertisement is not a disclosure document. The Advertisement is only a favorable snapshot of unverified information about the advertised company. An investor considering purchasing the securities, should always do so only with the assistance of his legal, tax and investment advisors. Investors should review with his or her investment advisor, tax advisor or attorney, if and to the extent available, any information concerning a potential investment at the web sites of the U.S. Securities and Exchange Commission (the "SEC") at; the Financial Industry Regulatory Authority (the "FINRA") at, and relevant State Securities Administrator website and the OTC Markets website at The Publisher cautions investors to read the SEC advisory to investors concerning Internet Stock Fraud at, as well as related information published by the FINRA on how to invest carefully. Investors are responsible for verifying all information in the Advertisement. As an advertiser, we do not verify any information we publish. The Advertisement should not be considered true or complete.

The Publisher does not offer investment advice or analysis, and the Publisher further urges you to consult your own independent tax, business, financial and investment advisors concerning any investment you make in securities particularly those quoted on the OTC Markets. Investing in securities is highly speculative and carries an extremely high degree of risk. You could lose your entire investment if you invest in any company mentioned in the Advertisement. You acknowledge that we are not an investment advisory service, a broker-dealer or an investment adviser and we are not qualified to act as such. You acknowledge that you will consult with your own independent, tax, financial and/or legal advisers regarding any decisions as to any company mentioned here. We have not determined if the Advertisement is accurate, correct or truthful. The Advertisement is compiled from publicly available information, which include, but are not limited to, no cost online research, magazines, newspapers, reports filed with the SEC or information furnished by way of press releases. Because all information relied upon by us in preparing an advertisement about an issuer comes from a public source, it is not reliable, and you should not assume it is accurate or complete.

By your subscription to our profiles, the viewing of this profile and/or use of our website, you have agreed and acknowledged the terms of our full disclaimer and privacy policy which can be viewed at the following link: and

By accepting the Advertisement, you agree and acknowledge that any hyperlinks to the website of (1) a client company, (2) the party issuing or preparing the information for the company, or (3) other information contained in the Advertisement is provided only for your reference and convenience. The advertiser is not responsible for the accuracy or reliability of these external sites, nor is it responsible for the content, opinions, products or other materials on external sites or information sources. If you use, act upon or make decisions in reliance on information contained in any disseminated report/release or any hyperlink, you do so at your own risk and agree to hold us, our officers, directors, shareholders, affiliates and agents harmless. You acknowledge that you are not relying on the Publisher, and we are not liable for, any actions taken by you based on any information contained in any disseminated email or hyperlink.