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 |
SNP
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
|
+$370M |
| 2 |
United Airlines
UAL
|
+$109M |
| 3 |
PPL
PPL Corp
PPL
|
+$101M |
| 4 |
WisdomTree India Earnings Fund ETF
EPI
|
+$57.9M |
| 5 |
American Express
AXP
|
+$50.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PNC Financial Services
PNC
|
+$62.8M |
| 2 |
APOL
Apollo Education Group Inc Class A
APOL
|
+$39.3M |
| 3 |
OUBS
USB AG (NEW)
OUBS
|
+$24.7M |
| 4 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$23.3M |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.71% |
| 2 | Financials | 17.04% |
| 3 | Healthcare | 12.48% |
| 4 | Energy | 11.25% |
| 5 | Industrials | 10.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
KT
KT
$9B
| $934K | 0.02% |
75,800
| – | – |
|
77
Chunghwa Telecom
CHT
$33.7B
| $617K | 0.02% |
19,323
+11,200
| +138% | +$357K |
|
78
United Microelectronic
UMC
$46B
| $587K | 0.01% |
286,149
+165,900
| +138% | +$373K |
|
|
VEDL
79
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
| $585K | 0.01% |
54,175
+31,400
| +138% | +$394K |
|
80
VanEck India Growth Leaders ETF
GLIN
$92.8M
| $436K | 0.01% |
10,300
+4,300
| +72% | +$191K |
|
81
Wipro
WIT
$18.7B
| $279K | 0.01% |
124,267
+72,000
| +138% | +$163K |
|
|
82
PNC Financial Services
PNC
$97B
| – | – |
-503,289
| Closed | -$62.8M |
|
83
Rio Tinto
RIO
$171B
| – | – |
-208,027
| Closed | -$8.61M |
|
|
APOL
84
DELISTED
Apollo Education Group Inc Class A
APOL
| – | – |
-1,561,751
| Closed | -$39.3M |
|
|
OUBS
85
DELISTED
USB AG (NEW)
OUBS
| – | – |
-1,318,271
| Closed | -$24.7M |
|
|
AXA
86
DELISTED
AXA ADS (1 ORD SHS)
AXA
| – | – |
-377,932
| Closed | -$9.54M |
|
Similar funds
Sarah Ketterer's Q2 2015 Portfolio in Review
As of Q2 2015, Sarah Ketterer held 88 positions worth $4B, up 4.4% from $3.83B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Sarah Ketterer deployed $790M of net new capital in Q2 2015, opening 6 new positions and adding to 58 existing holdings. Its largest new stake was United Airlines: 1,889,402 shares worth $117M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 23% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Vanguard FTSE Emerging Markets ETF, an estimated $23.3M trimmed.
- Sarah Ketterer's largest Q2 2015 buy was United Airlines: 1,889,402 shares worth $117M.
- Sarah Ketterer added most to CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES) in Q2 2015, an estimated $370M increase.
- Sarah Ketterer's biggest Q2 2015 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $23.3M.
- Sarah Ketterer fully exited PNC Financial Services in Q2 2015, selling an estimated $62.8M.
- Sarah Ketterer's ten largest holdings make up 38% of its $4B portfolio in Q2 2015.
- Sarah Ketterer opened 6 new positions and closed 7 in Q2 2015.
- Sarah Ketterer's portfolio value rose 4.4% quarter-over-quarter to $4B.
Based on Causeway Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.