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 | |
|---|---|---|---|---|---|---|
76
Wipro
WIT
$18.7B
| $618K | 0.01% |
373,700
-126,200
| -25% | -$198K |
|
77
B2Gold
BTG
$7.29B
| $490K | 0.01% |
+86,200
| New | +$432K |
|
|
JWN
78
DELISTED
Nordstrom
JWN
| $489K | 0.01% |
+31,600
| New | +$556K |
|
79
AngloGold Ashanti
AU
$61.3B
| – | – |
-31,000
| Closed | -$516K |
|
80
Chunghwa Telecom
CHT
$33.7B
| – | – |
-62,128
| Closed | -$2.21M |
|
|
81
Canadian Imperial Bank of Commerce
CM
$106B
| – | – |
-5,627,638
| Closed | -$163M |
|
82
Diageo
DEO
$52.6B
| – | – |
-34,340
| Closed | -$4.37M |
|
83
iShares MSCI Taiwan ETF
EWT
$11.2B
| – | – |
-74,019
| Closed | -$2.44M |
|
84
Howmet Aerospace
HWM
$108B
| – | – |
-5,676,874
| Closed | -$69.9M |
|
85
LG Display
LPL
$3.28B
| – | – |
-40,100
| Closed | -$178K |
|
|
86
Manulife Financial
MFC
$70.5B
| – | – |
-16,584,151
| Closed | -$208M |
|
|
MOMO
87
Hello Group
MOMO
$850M
| – | – |
-919,006
| Closed | -$19.9M |
|
88
Norwegian Cruise Line
NCLH
$7.92B
| – | – |
-6,630,617
| Closed | -$72.7M |
|
89
Ovintiv
OVV
$18.5B
| – | – |
-3,062,844
| Closed | -$8.27M |
|
|
HTT
90
High Templar Tech Ltd
HTT
$388M
| – | – |
-740,000
| Closed | -$1.33M |
|
91
Rio Tinto
RIO
$171B
| – | – |
-101,644
| Closed | -$4.63M |
|
92
Sabesp
SBS
$16.2B
| – | – |
-158,738
| Closed | -$227K |
|
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.