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 |
Alphabet (Google) Class C
GOOG
|
+$105M |
| 2 |
Booking.com
BKNG
|
+$78M |
| 3 |
Las Vegas Sands
LVS
|
+$77.2M |
| 4 |
Alaska Air
ALK
|
+$58.5M |
| 5 |
Aflac
AFL
|
+$58.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Linde
LIN
|
+$348M |
| 2 |
Baidu
BIDU
|
+$252M |
| 3 |
Ryanair
RYAAY
|
+$176M |
| 4 |
Microsoft
MSFT
|
+$94.7M |
| 5 |
FedEx
FDX
|
+$85.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.23% |
| 2 | Technology | 18.92% |
| 3 | Communication Services | 15.98% |
| 4 | Industrials | 14.88% |
| 5 | Financials | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Celestica
CLS
$37.4B
| $642K | 0.01% |
93,100
-2,300
| -2% | -$17.3K |
|
77
B2Gold
BTG
$7.29B
| $546K | 0.01% |
83,800
-2,400
| -3% | -$15.6K |
|
78
SK Telecom
SKM
$15.5B
| $317K | 0.01% |
8,578
-1,110,928
| -99% | -$39.3M |
|
79
Credicorp
BAP
$30.1B
| – | – |
-217,161
| Closed | -$29M |
|
80
WisdomTree India Earnings Fund ETF
EPI
$2.03B
| – | – |
-1,000,429
| Closed | -$20M |
|
81
Freeport-McMoran
FCX
$110B
| – | – |
-3,729,917
| Closed | -$43.2M |
|
|
JKS
82
JinkoSolar
JKS
$834M
| – | – |
-70,759
| Closed | -$1.25M |
|
|
JWN
83
DELISTED
Nordstrom
JWN
| – | – |
-31,600
| Closed | -$489K |
|
84
Merck
MRK
$376B
| – | – |
-853,150
| Closed | -$63M |
|
|
85
Microsoft
MSFT
$3.59T
| – | – |
-465,322
| Closed | -$94.7M |
|
|
PARA
86
DELISTED
Paramount Global Class B
PARA
| – | – |
-2,933,834
| Closed | -$68.4M |
|
87
Pinduoduo
PDD
$126B
| – | – |
-213,200
| Closed | -$18.3M |
|
88
Vodafone
VOD
$36.9B
| – | – |
-1,145,705
| Closed | -$18.3M |
|
|
AV
89
DELISTED
Aviva Plc
AV
| – | – |
-236,726
| Closed | -$12.5M |
|
Similar funds
Sarah Ketterer's Q3 2020 Portfolio in Review
As of Q3 2020, Sarah Ketterer held 90 positions worth $5.37B, down 3.2% from $5.55B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Sarah Ketterer withdrew a net $801M in Q3 2020, closing 11 positions and reducing 40 holdings. Its most notable exit was Microsoft, an estimated $94.7M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 12% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Sarah Ketterer opened a new position in Alphabet (Google) Class C worth $102M.
- Sarah Ketterer's largest Q3 2020 buy was Alphabet (Google) Class C: 1,381,540 shares worth $102M.
- Sarah Ketterer added most to Alibaba in Q3 2020, an estimated $44.5M increase.
- Sarah Ketterer's biggest Q3 2020 reduction was Linde, cutting an estimated $348M.
- Sarah Ketterer fully exited Microsoft in Q3 2020, selling an estimated $94.7M.
- Sarah Ketterer's ten largest holdings make up 55% of its $5.37B portfolio in Q3 2020.
- Sarah Ketterer opened 11 new positions and closed 11 in Q3 2020.
- Sarah Ketterer's portfolio value fell 3.2% quarter-over-quarter to $5.37B.
Based on Causeway Capital Management's 13F filing for Q3 2020, filed 13 Nov 2020.