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 |
Jones Lang LaSalle
JLL
|
+$60.8M |
| 2 |
Coca-Cola Europacific Partners
CCEP
|
+$50.8M |
| 3 |
Genpact
G
|
+$40.7M |
| 4 |
Essent Group
ESNT
|
+$35.5M |
| 5 |
Reinsurance Group of America
RGA
|
+$19.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Linde
LIN
|
+$294M |
| 2 |
Manulife Financial
MFC
|
+$208M |
| 3 |
Canadian Imperial Bank of Commerce
CM
|
+$163M |
| 4 |
Microsoft
MSFT
|
+$89.7M |
| 5 |
TD Synnex
SNX
|
+$82.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.22% |
| 2 | Communication Services | 19.16% |
| 3 | Industrials | 15.51% |
| 4 | Materials | 13.83% |
| 5 | Consumer Discretionary | 11.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Vodafone
VOD
$36.9B
| $18.3M | 0.33% |
1,145,705
-151,817
| -12% | -$2.29M |
|
52
Telefônica Brasil
VIV
$18.3B
| $16.6M | 0.3% |
1,870,130
-1,313,186
| -41% | -$11.9M |
|
53
Petrobras Class A
PBR.A
$111B
| $16.2M | 0.29% |
2,029,023
+226,900
| +13% | +$1.59M |
|
54
TotalEnergies
TTE
$199B
| $15M | 0.27% |
390,800
-15,312
| -4% | -$567K |
|
55
RELX
RELX
$62.6B
| $15M | 0.27% |
635,603
-182,451
| -22% | -$4.17M |
|
56
Prudential
PUK
$35B
| $14.3M | 0.26% |
486,180
-4,575
| -0.9% | -$121K |
|
57
BP
BP
$115B
| $13.3M | 0.24% |
570,357
+269,642
| +90% | +$6.47M |
|
58
iShares MSCI India ETF
INDA
$6.61B
| $12.8M | 0.23% |
440,300
+24,500
| +6% | +$656K |
|
59
Sumitomo Mitsui Financial
SMFG
$159B
| $12.6M | 0.23% |
2,243,897
-299,256
| -12% | -$1.62M |
|
|
AV
60
DELISTED
Aviva Plc
AV
| $12.5M | 0.23% |
236,726
-149,892
| -39% | -$7.93M |
|
61
Banco Bilbao Vizcaya Argentaria
BBVA
$160B
| $11.6M | 0.21% |
3,414,943
+228,363
| +7% | +$720K |
|
|
JOYY
62
JOYY Inc
JOYY
$3.71B
| $11.4M | 0.2% |
128,442
-5,800
| -4% | -$386K |
|
63
POSCO
PKX
$17.3B
| $11.2M | 0.2% |
303,133
-39,200
| -11% | -$1.44M |
|
64
Sanofi
SNY
$110B
| $8.9M | 0.16% |
+174,285
| New | +$8.47M |
|
65
iShares MSCI Saudi Arabia ETF
KSA
$632M
| $8.63M | 0.16% |
328,011
+34,182
| +12% | +$878K |
|
66
Dr. Reddy's Laboratories
RDY
$10.1B
| $7.79M | 0.14% |
734,400
-52,325
| -7% | -$532K |
|
67
HDFC Bank
HDB
$121B
| $6.96M | 0.13% |
306,272
+92,800
| +43% | +$1.91M |
|
68
ArcelorMittal
MT
$54.4B
| $4.66M | 0.08% |
+434,245
| New | +$4.38M |
|
|
DQ
69
Daqo New Energy
DQ
$919M
| $3.67M | 0.07% |
247,420
-165,500
| -40% | -$1.81M |
|
|
VEDL
70
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
| $2.46M | 0.04% |
438,617
+33,285
| +8% | +$157K |
|
|
AZUL
71
DELISTED
Azul
AZUL
| $1.6M | 0.03% |
143,375
| – | – |
|
|
JKS
72
JinkoSolar
JKS
$834M
| $1.25M | 0.02% |
70,759
-55,600
| -44% | -$892K |
|
|
SNP
73
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $1.02M | 0.02% |
24,208
-17,100
| -41% | -$806K |
|
|
TTM
74
DELISTED
Tata Motors Limited
TTM
| $691K | 0.01% |
105,243
+29,600
| +39% | +$171K |
|
75
Celestica
CLS
$37.4B
| $652K | 0.01% |
95,400
-12,700
| -12% | -$72.6K |
|
Similar funds
Sarah Ketterer's Q2 2020 Portfolio in Review
As of Q2 2020, Sarah Ketterer held 93 positions worth $5.55B, down 11% from $6.26B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Sarah Ketterer withdrew a net $1.69B in Q2 2020, closing 14 positions and reducing 52 holdings. Its most notable exit was Manulife Financial, an estimated $208M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Sarah Ketterer opened a new position in Jones Lang LaSalle worth $61M.
- Sarah Ketterer's largest Q2 2020 buy was Jones Lang LaSalle: 589,971 shares worth $61M.
- Sarah Ketterer added most to Coca-Cola Europacific Partners in Q2 2020, an estimated $50.8M increase.
- Sarah Ketterer's biggest Q2 2020 reduction was Linde, cutting an estimated $294M.
- Sarah Ketterer fully exited Manulife Financial in Q2 2020, selling an estimated $208M.
- Sarah Ketterer's ten largest holdings make up 58% of its $5.55B portfolio in Q2 2020.
- Sarah Ketterer opened 8 new positions and closed 14 in Q2 2020.
- Sarah Ketterer's portfolio value fell 11% quarter-over-quarter to $5.55B.
Based on Causeway Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.