Causeway International Value Cuts EAFE ETF Stake by 2.62%, Buys 9.12m KDDI Shares and Boosts Diageo 239.8%
Causeway International Value cut its iShares MSCI EAFE ETF stake by 2.62% of its portfolio in Q4 2025. It reallocated funds to add 9.12 million KDDI Corp shares (0.92%, $157.9 million) and lifted Diageo holdings by 239.8% to 13.77 million shares ($297.6 million).
1. EAFE ETF Stake Reduction
In the fourth quarter of 2025, Causeway International Value reduced its position in the iShares MSCI EAFE ETF by 2.62% of its total portfolio, marking its largest single reduction among developed-market exposures.
2. Major New Buys
The fund deployed proceeds to establish a 0.92% stake in KDDI Corp with 9.12 million shares valued at $157.9 million, a 0.25% stake in PT Bank Mandiri with 140.4 million shares worth Rp42.8 billion, and a 0.10% holding in Daimler Truck with 393,476 shares valued at €17.0 million.
3. Significant Position Increases
Causeway International Value boosted its Diageo PLC position by 239.81%, increasing its holding to 13.77 million shares valued at $297.6 million, and raised its SMC Corp stake by 126.38% to 1.01 million shares worth ¥348.0 million.
4. Full Portfolio Exits
The fund completely exited four previously held positions during the quarter, reallocating capital toward core international equity targets and enhancing portfolio focus on dividend-paying and share-repurchase-oriented stocks.