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Summary of New Buys<\/p>\n
Causeway International Value<\/a> (Trades<\/a>, Portfolio<\/a>) added a total of 5 stocks during the second quarter of 2026. The most significant addition was Sika AG XSWX:SIKA<\/a>, with 840,684 shares, accounting for 0.92% of the portfolio and a total value of CHF173.5 million. The second largest addition was Electrolux AB OSTO:ELUX A<\/a>, consisting of 51,584,314 shares, representing approximately 0.84% of the portfolio, with a total value of kr159.0 million. The third largest addition was Banca Monte dei Paschi di Siena MIL:BMPS<\/a>, with 9,920,580 shares, accounting for 0.65% of the portfolio and a total value of \u20ac123.1 million.<\/p>\n Key Position Increases<\/p>\n Causeway International Value<\/a> (Trades<\/a>, Portfolio<\/a>) also increased stakes in a total of 38 stocks. The most notable increase was Siemens AG XTER:SIE<\/a>, with an additional 1,349,767 shares, bringing the total to 1,538,070 shares. This adjustment represents a significant 716.81% increase in share count, a 2.29% impact on the current portfolio, and a total value of \u20ac494.1 million. The second largest increase was Lvmh Moet Hennessy Louis Vuitton SE XPAR:MC<\/a>, with an additional 389,128 shares, bringing the total to 610,056 shares. This adjustment represents a significant 176.13% increase in share count, with a total value of \u20ac337.4 million.<\/p>\n Summary of Sold Out<\/p>\n Causeway International Value<\/a> (Trades<\/a>, Portfolio<\/a>) completely exited 6 holdings in the second quarter of 2026. Notably, the fund sold all 27,613,932 shares of BP PLC LSE:BP.<\/a>, resulting in a -1.29% impact on the portfolio. Additionally, the fund liquidated all 1,312,423 shares of Akzo Nobel NV XAMS:AKZA<\/a>, causing a -0.45% impact on the portfolio.<\/p>\n Key Position Reduces<\/p>\n Causeway International Value<\/a> (Trades<\/a>, Portfolio<\/a>) also reduced positions in 18 stocks. The most significant changes include reducing Renesas Electronics Corp TSE:6723<\/a> by 17,964,100 shares, resulting in a -42.72% decrease in shares and a -1.53% impact on the portfolio. The stock traded at an average price of \u00a53,678.73 during the quarter and has returned -24.45% over the past 3 months and 57.94% year-to-date. Additionally, the fund reduced Capgemini SE XPAR:CAP<\/a> by 2,000,539 shares, resulting in an -87.83% reduction in shares and a -1.41% impact on the portfolio. The stock traded at an average price of \u20ac100.38 during the quarter and has returned 12.29% over the past 3 months and -20.55% year-to-date.<\/p>\n Portfolio Overview<\/p>\n At the end of the second quarter of 2026, Causeway International Value<\/a> (Trades<\/a>, Portfolio<\/a>)’s portfolio included 70 stocks. The top holdings included 4.32% in Kering SA XPAR:KER<\/a>, 3.76% in Renesas Electronics Corp TSE:6723<\/a>, 3.15% in Rolls-Royce Holdings PLC LSE:RR.<\/a>, 3.07% in AstraZeneca PLC LSE:AZN<\/a>, and 2.84% in Reckitt Benckiser Group PLC LSE:RKT<\/a>.<\/p>\n The holdings are mainly concentrated in 10 of all 11 industries: Financial Services, Industrials, Healthcare, Consumer Cyclical, Technology, Consumer Defensive, Communication Services, Utilities, Basic Materials, and Real Estate.<\/p>\n Also check out: <\/p>\n This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email\u00a0protected]<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Value-Driven International Fund Makes Bold Bets on European Industrials and Luxury Goods Causeway International Value (Trades, Portfolio), established…\n","protected":false},"author":2,"featured_media":80831,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21002],"tags":[185,58902,47171,57738,58906,58913,58907,58905,58910,42,58909,6487,58904,58914,58915,58903,58912,58908,58911],"class_list":["post-80830","post","type-post","status-publish","format-standard","has-post-thumbnail","category-siemens","tag-article","tag-causeway-international-value","tag-gurufocus","tag-gurufocus-news","tag-lseazn","tag-lsebp","tag-lserkt","tag-lserr","tag-milbmps","tag-news","tag-ostoelux-a","tag-siemens","tag-tse6723","tag-xamsakza","tag-xparcap","tag-xparker","tag-xparmc","tag-xswxsika","tag-xtersie"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/80830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=80830"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/80830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/80831"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=80830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=80830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=80830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/p>\n
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