Causeway Capital Management LLC is an independently owned investment management firm that specializes in the management of international and emerging market investments and absolute return equities. The firm’s clientele consists of foundations, corporate, mutual funds, endowments, and more. Causeway Capital Management LLC submitted its third quarter SEC 13F Filings on November 14, 2014, for the quarter ended September 30, 2014. The three top holdings of the firm for the period are Microsoft Corporation (NASDAQ:MSFT), Citigroup Inc (NYSE:C), and CSX Corporation (NYSE:CSX).
Microsoft Corporation (NASDAQ:MSFT) was the topmost investment of Causeway Capital Management LLC with investment value totaling to $157.5 million. Microsoft Corporation (NASDAQ:MSFT) is a global producer of computer software and hardware. The company owns Windows operating system, Xbox gaming console, among several other software and hardware products. Microsoft Corporation (NASDAQ:MSFT) is currently working on making its Office software available free on mobile devices. The company has seriously begun making forays into the fast growing wearable market. The company created Microsoft Band, which is a wearable fitness band as its entry device to the market.
Citigroup Inc (NYSE:C) emerged second with investment worth $149.6 million. Citigroup Inc (NYSE:C) is a financial services holding company, providing a wide variety of financial services to individuals and businesses. A few of the company’s services are investment banking, corporate banking, cash management, and more. Citigroup Inc (NYSE:C) recently agreed to pay $1.02 billion in a foreign exchange probe settlement. A few of the company’s subsidiaries are Banamex, Aeromexico, EMI, Egg Banking, Nikko Cordial, and Phobro LLC.
CSX Corporation (NYSE:CSX) was the third biggest investment of Causeway Capital Management LLC, accounting for investment value of $131.1 million. CSX Corporation (NYSE:CSX) is an international transportation company founded in 1980 with its headquarters in Jacksonville, Florida. The company is a provider of traditional rail services, containers, and trailers. CSX Corporation (NYSE:CSX) has a huge potential as it benefits from declining oil prices, better economic conditions, and enhanced industrial activity. The topmost shareholders of the company are Capital Research & Management Co. (Global Investors), The Vanguard Group, Inc., and SSgA Funds Management, Inc.
This article has been written by Victor Ochieng.
