CAUSEWAY CAPITAL MANAGEMENT LLC: CANADIAN PACIFIC KANSAS CITY (CP): Quarterly 13F Position History
As of Q2 2026, CAUSEWAY CAPITAL MANAGEMENT LLC reported 6,711,483 shares of CANADIAN PACIFIC KANSAS CITY (CP), worth $581.7M and representing 6.3% of its 13F equity book. Quarter-over-quarter share count change: 2,080,898 (-23.7%) . The position first appeared in Q3 2023 and has been disclosed across 12 13F-HR filings in Pactolio's tracked window.
- 6,711,483Shares Held (Latest Filing)
- $581.7MReported Market Value (Latest Filing)
- 6.3%Portfolio Weight (% of 13F Equity Book)
- 2,080,898Quarter-over-Quarter Share Change
- -$108.2MQuarter-over-Quarter Value Change
- 17,208,788Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 12 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 6,711,483 | 2,080,898 | -23.7% | $581.7M | 6.3% | $86.7 |
| Q1 2026 | 8,792,381 | 3,804,421 | -30.2% | $689.9M | 8.5% | $78.5 |
| Q4 2025 | 12,596,802 | 926,071 | -6.8% | $928.6M | 12.8% | $73.7 |
| Q3 2025 | 13,522,873 | 1,157,626 | -7.9% | $1.0B | 13.3% | $74.5 |
| Q2 2025 | 14,680,499 | 2,528,289 | -14.7% | $1.2B | 18.4% | $79.3 |
| Q1 2025 | 17,208,788 | +1,778,984 | +11.5% | $1.2B | 25.2% | $70.2 |
| Q4 2024 | 15,429,804 | +6,687,770 | +76.5% | $1.1B | 25.4% | $72.4 |
| Q3 2024 | 8,742,034 | +723,783 | +9.0% | $748.4M | 18.4% | $85.6 |
| Q2 2024 | 8,018,251 | +1,260,413 | +18.7% | $631.3M | 17.2% | $78.7 |
| Q1 2024 | 6,757,838 | +1,196,061 | +21.5% | $596.1M | 15.6% | $88.2 |
| Q4 2023 | 5,561,777 | +1,470,042 | +35.9% | $442.1M | 11.3% | $79.5 |
| Q3 2023 | 4,091,735 | – | – | $305.5M | 8.1% | $74.7 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did CAUSEWAY CAPITAL MANAGEMENT LLC first disclose a CP position in 13F-HR filings?
CAUSEWAY CAPITAL MANAGEMENT LLC first reported CANADIAN PACIFIC KANSAS CITY (CP) on its 13F-HR filing for the period ending 2023-09-30 (Q3 2023). The position has appeared on 12 reported quarters within Pactolio's tracked window.
What was CAUSEWAY CAPITAL MANAGEMENT LLC's most recent quarter-over-quarter share-count change in CP?
Between Q1 2026 and Q2 2026, CAUSEWAY CAPITAL MANAGEMENT LLC reduced its CP position by 2,080,898 shares (-23.7%), leaving 6,711,483 shares at a market value of $581.7M.
Does the implied price-per-share represent CAUSEWAY CAPITAL MANAGEMENT LLC's cost basis in CP?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.