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SK

Sarah Ketterer Causeway Capital Management

AUM $9.24B
1-Year Est. Return 21.27%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+1.48%
1 Year Est. Return
+21.27%
3 Year Est. Return
+72.78%
5 Year Est. Return
+71.25%
10 Year Est. Return
+497.07%
AUM
$4.78B
AUM Growth
+$391M
Cap. Flow
+$427M
Cap. Flow %
8.94%
Top 10 Hldgs %
57.15%
Holding
116
New
9
Increased
42
Reduced
35
Closed
26

Top Buys

Rank Stock Value
1
CCL icon
Carnival Corporation Ltd
CCL
+$632M
2
CP icon
Canadian Pacific Kansas City
CP
+$135M
3
BABA icon
Alibaba
BABA
+$46.7M
4
INFY icon
Infosys
INFY
+$43.4M
5
WHR icon
Whirlpool
WHR
+$38.6M

Top Sells

Rank Stock Value
1
CHKP icon
Check Point Software Technologies
CHKP
+$360M
2
BBD icon
Banco Bradesco
BBD
+$67.8M
3
SNX icon
TD Synnex
SNX
+$62.2M
4
BA icon
Boeing
BA
+$53.6M
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$43.5M

Sector Composition

Rank Sector Weight
1 Industrials 26.24%
2 Consumer Discretionary 22.01%
3 Financials 11.81%
4 Healthcare 10.57%
5 Technology 9.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RDY icon
76
Dr. Reddy's Laboratories
RDY
$10.2B
$1.91M 0.04%
144,439
-394,866
-73% -$5.45M
VRN
77
DELISTED
Veren
VRN
$1.74M 0.04%
+263,808
New +$1.46M
WIT icon
78
Wipro
WIT
$18.9B
$1.5M 0.03%
488,806
– –
JKS
79
JinkoSolar
JKS
$838M
$1.4M 0.03%
+75,084
New +$1.67M
VWO icon
80
Vanguard FTSE Emerging Markets ETF
VWO
$125B
$1.38M 0.03%
30,533
+15,443
+102% +$695K
ACWI icon
81
iShares MSCI ACWI ETF
ACWI
$33.1B
$1.35M 0.03%
11,604
-11,444
-50% -$1.37M
EFA icon
82
iShares MSCI EAFE ETF
EFA
$79.8B
$526K 0.01%
6,441
-46,583
-88% -$3.75M
NVS icon
83
Novartis
NVS
$301B
$472K 0.01%
4,236
-1,630
-28% -$174K
NVDA icon
84
NVIDIA
NVDA
$5.09T
$447K 0.01%
4,124
+284
+7% +$36K
VEU icon
85
Vanguard FTSE All-World ex-US ETF
VEU
$70.2B
$410K 0.01%
6,763
-25,778
-79% -$1.55M
MSFT icon
86
Microsoft
MSFT
$3.64T
$353K 0.01%
940
– –
BTG icon
87
B2Gold
BTG
$7.44B
$269K 0.01%
94,491
-966,813
-91% -$2.6M
AAPL icon
88
Apple
AAPL
$4.55T
$223K ﹤0.01%
1,005
+44
+5% +$10.2K
SHEL icon
89
Shell
SHEL
$256B
$216K ﹤0.01%
2,944
-7,188
-71% -$484K
PBYI icon
90
Puma Biotechnology
PBYI
$470M
$41.7K ﹤0.01%
+14,095
New +$44.1K
ACGL icon
91
Arch Capital
ACGL
$34.5B
– –
-8,531
Closed -$788K
ACN icon
92
Accenture
ACN
$114B
– –
-2,451
Closed -$862K
ARCO icon
93
Arcos Dorados Holdings
ARCO
$1.72B
– –
-34,300
Closed -$250K
BA icon
94
Boeing
BA
$165B
– –
-302,750
Closed -$53.6M
CHKP icon
95
Check Point Software Technologies
CHKP
$13.3B
– –
-1,929,604
Closed -$360M
CIGI icon
96
Colliers International
CIGI
$5.49B
– –
-1,677
Closed -$228K
CNXC icon
97
Concentrix
CNXC
$1.62B
– –
-409,812
Closed -$17.7M
DOX icon
98
Amdocs
DOX
$6.47B
– –
-6,390
Closed -$544K
ERO icon
99
Ero Copper
ERO
$3.96B
– –
-16,000
Closed -$216K
ICLR icon
100
Icon
ICLR
$13.3B
– –
-1,250
Closed -$262K
1 2 3
4
5

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Sarah Ketterer's Q1 2025 Portfolio in Review

As of Q1 2025, Sarah Ketterer held 116 positions worth $4.78B, up 8.9% from $4.39B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Sarah Ketterer deployed $427M of net new capital in Q1 2025, opening 9 new positions and adding to 42 existing holdings. Its largest new stake was Carnival Corporation Ltd: 26,565,066 shares worth $519M.

By sector, the portfolio is most concentrated in Industrials at 26% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was Banco Bradesco, an estimated $67.8M trimmed.

  • Sarah Ketterer's largest Q1 2025 buy was Carnival Corporation Ltd: 26,565,066 shares worth $519M.
  • Sarah Ketterer added most to Canadian Pacific Kansas City in Q1 2025, an estimated $135M increase.
  • Sarah Ketterer's biggest Q1 2025 reduction was Banco Bradesco, cutting an estimated $67.8M.
  • Sarah Ketterer fully exited Check Point Software Technologies in Q1 2025, selling an estimated $360M.
  • Sarah Ketterer's ten largest holdings make up 57% of its $4.78B portfolio in Q1 2025.
  • Sarah Ketterer opened 9 new positions and closed 26 in Q1 2025.
  • Sarah Ketterer's portfolio value rose 8.9% quarter-over-quarter to $4.78B.

Based on Causeway Capital Management's 13F filing for Q1 2025, filed 14 May 2025.