CAUSEWAY CAPITAL MANAGEMENT LLC — CANADIAN PACIFIC KANSAS CITY CP: Quarterly 13F Position History
CAUSEWAY CAPITAL MANAGEMENT LLC has reported CANADIAN PACIFIC KANSAS CITY (CP) on 11 13F-HR filings in Pactolio's tracked window, first appearing in Q3 2023. As of Q1 2026, the position is sized at 8,792,381 shares ($689.9M market value, 8.47% of the equity book). Quarter-over-quarter share count change: 3,804,421 (-30.2%) .
- 8,792,381Shares Held (Latest Filing)
- $689.9MReported Market Value (Latest Filing)
- 8.47%Portfolio Weight (% of 13F Equity Book)
- 3,804,421Quarter-over-Quarter Share Change
- -$238.7MQuarter-over-Quarter Value Change
- 17,208,788Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 11 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 8,792,381 | 3,804,421 | -30.2% | $689.9M | 8.47% | $78.46 |
| Q4 2025 | 12,596,802 | 926,071 | -6.8% | $928.6M | 12.78% | $73.71 |
| Q3 2025 | 13,522,873 | 1,157,626 | -7.9% | $1.01B | 13.31% | $74.49 |
| Q2 2025 | 14,680,499 | 2,528,289 | -14.7% | $1.16B | 18.42% | $79.28 |
| Q1 2025 | 17,208,788 | +1,778,984 | +11.5% | $1.21B | 25.25% | $70.17 |
| Q4 2024 | 15,429,804 | +6,687,770 | +76.5% | $1.12B | 25.43% | $72.37 |
| Q3 2024 | 8,742,034 | +723,783 | +9.0% | $748.4M | 18.39% | $85.61 |
| Q2 2024 | 8,018,251 | +1,260,413 | +18.7% | $631.3M | 17.21% | $78.74 |
| Q1 2024 | 6,757,838 | +1,196,061 | +21.5% | $596.1M | 15.59% | $88.21 |
| Q4 2023 | 5,561,777 | +1,470,042 | +35.9% | $442.1M | 11.26% | $79.49 |
| Q3 2023 | 4,091,735 | — | — | $305.5M | 8.06% | $74.66 |
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, not 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 11 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 Q4 2025 and Q1 2026, CAUSEWAY CAPITAL MANAGEMENT LLC reduced its CP position by 3,804,421 shares (-30.2%), leaving 8,792,381 shares at a market value of $689.9M.
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.