Sarah Ketterer Causeway Capital Management
Sarah Ketterer is co-founder and CEO of Causeway Capital Management, a firm specializing in international and global value equities. Causeway is known for disciplined valuation work across developed and emerging markets. Ketterer’s commentary is often sought for perspective on non-U.S. equities, currencies, and relative value abroad.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Manulife Financial
MFC
|
+$521M |
| 2 |
FirstEnergy
FE
|
+$131M |
| 3 |
Mondelez International
MDLZ
|
+$119M |
| 4 |
Wells Fargo
WFC
|
+$107M |
| 5 |
Eli Lilly
LLY
|
+$66.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSRA
CSRA Inc.
CSRA
|
+$193M |
| 2 |
ARCH
Arch Resources, Inc.
ARCH
|
+$78M |
| 3 |
UnitedHealth
UNH
|
+$64.6M |
| 4 |
PDCE
PDC Energy, Inc.
PDCE
|
+$39.9M |
| 5 |
Alibaba
BABA
|
+$36.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.72% |
| 2 | Technology | 15.38% |
| 3 | Energy | 14.04% |
| 4 | Communication Services | 13.47% |
| 5 | Industrials | 12.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
SAP
SAP
$252B
| $19.9M | 0.21% |
189,562
+27,798
| +17% | +$3M |
|
52
Diageo
DEO
$52.6B
| $15.7M | 0.17% |
115,939
+8,426
| +8% | +$1.17M |
|
53
Sumitomo Mitsui Financial
SMFG
$159B
| $15.3M | 0.16% |
1,804,784
-451,917
| -20% | -$4.04M |
|
54
Lloyds Banking Group
LYG
$87.3B
| $13.6M | 0.15% |
3,668,898
-605,409
| -14% | -$2.35M |
|
|
BBL
55
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $9.86M | 0.11% |
248,167
+23,703
| +11% | +$997K |
|
56
ING
ING
$99.5B
| $7.23M | 0.08% |
426,841
+90,982
| +27% | +$1.69M |
|
57
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $5.03M | 0.05% |
104,105
-653,826
| -86% | -$32.1M |
|
|
CUK
58
DELISTED
Carnival PLC
CUK
| $4.78M | 0.05% |
72,947
-212,296
| -74% | -$14.4M |
|
|
SNP
59
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $3.75M | 0.04% |
42,420
-280
| -0.7% | -$23.1K |
|
60
Korea Electric Power
KEP
$14.5B
| $2.56M | 0.03% |
166,034
-2,266
| -1% | -$35.9K |
|
61
Infosys
INFY
$48.4B
| $2.39M | 0.03% |
267,400
-216,630
| -45% | -$1.92M |
|
62
iShares MSCI Taiwan ETF
EWT
$11.2B
| $2.27M | 0.02% |
59,200
| – | – |
|
|
DQ
63
Daqo New Energy
DQ
$919M
| $1.9M | 0.02% |
+194,000
| New | +$2.1M |
|
64
Chunghwa Telecom
CHT
$33.7B
| $1.72M | 0.02% |
44,200
| – | – |
|
65
LG Display
LPL
$3.28B
| $1.68M | 0.02% |
138,713
-1,587
| -1% | -$21.9K |
|
66
Dr. Reddy's Laboratories
RDY
$10.1B
| $1.41M | 0.02% |
216,000
-264,215
| -55% | -$1.85M |
|
67
HDFC Bank
HDB
$121B
| $1.38M | 0.01% |
56,064
-109,736
| -66% | -$2.76M |
|
68
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$12B
| $1.28M | 0.01% |
+10,716
| New | +$1.29M |
|
|
TTM
69
DELISTED
Tata Motors Limited
TTM
| $1.25M | 0.01% |
48,503
-66,709
| -58% | -$1.96M |
|
|
VEDL
70
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
| $1.11M | 0.01% |
63,075
| – | – |
|
71
KT
KT
$9B
| $1M | 0.01% |
73,200
| – | – |
|
|
AUO
72
DELISTED
AU Optronics Corp
AUO
| $962K | 0.01% |
210,600
| – | – |
|
73
Petrobras Class A
PBR.A
$111B
| $805K | 0.01% |
61,999
-1,147,887
| -95% | -$14.1M |
|
74
VanEck India Growth Leaders ETF
GLIN
$92.8M
| $523K | 0.01% |
9,149
| – | – |
|
75
Wipro
WIT
$18.7B
| $460K | ﹤0.01% |
237,600
| – | – |
|
Similar funds
Sarah Ketterer's Q1 2018 Portfolio in Review
As of Q1 2018, Sarah Ketterer held 97 positions worth $9.33B, down 1.1% from $9.43B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Sarah Ketterer deployed $616M of net new capital in Q1 2018, opening 5 new positions and adding to 40 existing holdings. Its largest new stake was Mondelez International: 2,740,323 shares worth $114M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 15% a quarter earlier, followed by Technology and Energy.
On the sell side, the largest reduction was UnitedHealth, an estimated $64.6M trimmed.
- Sarah Ketterer's largest Q1 2018 buy was Mondelez International: 2,740,323 shares worth $114M.
- Sarah Ketterer added most to Manulife Financial in Q1 2018, an estimated $521M increase.
- Sarah Ketterer's biggest Q1 2018 reduction was UnitedHealth, cutting an estimated $64.6M.
- Sarah Ketterer fully exited CSRA Inc. in Q1 2018, selling an estimated $193M.
- Sarah Ketterer's ten largest holdings make up 57% of its $9.33B portfolio in Q1 2018.
- Sarah Ketterer opened 5 new positions and closed 9 in Q1 2018.
- Sarah Ketterer's portfolio value fell 1.1% quarter-over-quarter to $9.33B.
Based on Causeway Capital Management's 13F filing for Q1 2018, filed 15 May 2018.