# Causeway Capital Management LLC

> Causeway Capital Management LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2001, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 23, 2026.

- CRD: 113308
- Filed as: CAUSEWAY CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/113308
- AdvisorCensus page: https://advisorcensus.com/firm/causeway-capital-management-llc-los-angeles-ca-113308

## Quick answers

**How is Causeway Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Causeway Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Causeway Capital Management LLC located?**
Causeway Capital Management LLC's principal office is in Los Angeles, CA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Causeway Capital Management LLC registered with the SEC or a state?**
Causeway Capital Management LLC is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 113308.

**How much does Causeway Capital Management LLC manage?**
Causeway Capital Management LLC reports $62,241,970,339 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (100% discretionary).

**How have Causeway Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Causeway Capital Management LLC: Regulatory assets under management: $42,756,616,459 in the October 2021 data and $62,241,970,339 in the October 2026 data, up 46%. Total employees: 92 in October 2021 and 103 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Causeway Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,352); high net worth individuals (63); charitable organizations (30).

**Which custodians does Causeway Capital Management LLC use?**
Causeway Capital Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, Northern Trust and State Street as custodians holding 10% or more of its separately managed account assets.

**Does Causeway Capital Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/113308

**What changed in Causeway Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 39 to 40. Regulatory assets under management went from $42,659,620,720 to $62,241,970,339 (+46%). No longer lists an office in Melbourne. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- Northern Trust
- State Street

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $62,241,970,339
- Discretionary: $62,241,970,339
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,352 | $108,386,495 |
| High net worth individuals | 63 | $302,408,417 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 20 | $31,568,745,946 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 25 | $7,411,123,917 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 23 | $4,876,195,033 |
| Charitable organizations | 30 | $1,426,365,184 |
| State or municipal government entities (including government pension plans) | 19 | $12,667,501,215 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $2,911,663,850 |
| Corporations or other businesses not listed above | 30 | $969,580,282 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2001 (25 years)
- Employees: 103 total, 40 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Bryn Mawr, PA
- Dallas, TX

### Websites listed on Form ADV (Item 1.I)
- causewaycap.com
- causewayfunds.com
- LinkedIn @causeway-capital-management-llc
- X @CCMAnalytics
- X @CausewayCapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $42,756,616,459 | 92 | April 15, 2021 |
| October 2022 | $43,274,860,343 | 97 | April 29, 2022 |
| October 2023 | $34,947,149,404 | 100 | April 25, 2023 |
| October 2024 | $40,571,254,812 | 106 | March 26, 2024 |
| October 2025 | $42,659,620,720 | 101 | April 29, 2025 |
| October 2026 | $62,241,970,339 | 103 | March 23, 2026 |

Regulatory assets under management: $42,756,616,459 in the October 2021 data and $62,241,970,339 in the October 2026 data, up 46%.
Total employees: 92 in October 2021 and 103 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 39 to 40.
- Regulatory assets under management went from $42,659,620,720 to $62,241,970,339 (+46%).
- No longer lists an office in Melbourne.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Causeway Capital Management LLC (CRD 113308): Form ADV filing data as of October 2026.