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 |
Canadian Pacific Kansas City
CP
|
+$515M |
| 2 |
B
Barrick Mining
B
|
+$202M |
| 3 |
Check Point Software Technologies
CHKP
|
+$91.9M |
| 4 |
Merck
MRK
|
+$60.3M |
| 5 |
Biogen
BIIB
|
+$47.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$98.7M |
| 2 |
SW
Smurfit Westrock
SW
|
+$78.2M |
| 3 |
FISV
Fiserv Inc
FISV
|
+$52.5M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$38.8M |
| 5 |
Pinduoduo
PDD
|
+$37.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 27.5% |
| 2 | Technology | 19.8% |
| 3 | Financials | 13.03% |
| 4 | Healthcare | 10.68% |
| 5 | Consumer Discretionary | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Colliers International
CIGI
$5.49B
| $228K | 0.01% |
1,677
| – | – |
|
102
Trip.com Group
TCOM
$28.9B
| $216K | ﹤0.01% |
3,148
-825
| -21% | -$54.5K |
|
103
Ero Copper
ERO
$3.96B
| $216K | ﹤0.01% |
+16,000
| New | +$271K |
|
104
Itaú Unibanco
ITUB
$83.2B
| $214K | ﹤0.01% |
+48,971
| New | +$252K |
|
105
Unilever
UL
$140B
| $202K | ﹤0.01% |
3,170
-157
| -5% | -$10.6K |
|
106
Sumitomo Mitsui Financial
SMFG
$159B
| $193K | ﹤0.01% |
13,348
-2,771
| -17% | -$38.1K |
|
107
OraSure Technologies
OSUR
$263M
| $36.4K | ﹤0.01% |
+10,092
| New | +$40.2K |
|
108
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
| – | – |
-584,659
| Closed | -$16.7M |
|
|
109
Bristol-Myers Squibb
BMY
$137B
| – | – |
-750,455
| Closed | -$38.8M |
|
110
iShares MSCI EAFE Value ETF
EFV
$31.8B
| – | – |
-22,400
| Closed | -$1.29M |
|
|
FISV
111
Fiserv Inc
FISV
$28.3B
| – | – |
-292,231
| Closed | -$52.5M |
|
|
JKS
112
JinkoSolar
JKS
$838M
| – | – |
-127,600
| Closed | -$3.42M |
|
113
National Grid
NGG
$80.5B
| – | – |
-78,701
| Closed | -$5.17M |
|
114
OppFi
OPFI
$611M
| – | – |
-14,180
| Closed | -$67.1K |
|
115
Petrobras Class A
PBR.A
$108B
| – | – |
-139,761
| Closed | -$1.84M |
|
116
Seagate
STX
$182B
| – | – |
-330,110
| Closed | -$36.2M |
|
117
TransAlta
TAC
$3.81B
| – | – |
-223,983
| Closed | -$2.32M |
|
118
TORM
TRMD
$3.25B
| – | – |
-11,720
| Closed | -$399K |
|
119
Vista Energy
VIST
$7.71B
| – | – |
-84,269
| Closed | -$3.72M |
|
Similar funds
Sarah Ketterer's Q4 2024 Portfolio in Review
As of Q4 2024, Sarah Ketterer held 119 positions worth $4.39B, up 7.9% from $4.07B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Sarah Ketterer deployed $590M of net new capital in Q4 2024, opening 22 new positions and adding to 41 existing holdings. Its largest new stake was Barrick Mining: 11,112,293 shares worth $172M.
By sector, the portfolio is most concentrated in Industrials at 28% of assets, up from 19% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares MSCI EAFE ETF, an estimated $98.7M trimmed.
- Sarah Ketterer's largest Q4 2024 buy was Barrick Mining: 11,112,293 shares worth $172M.
- Sarah Ketterer added most to Canadian Pacific Kansas City in Q4 2024, an estimated $515M increase.
- Sarah Ketterer's biggest Q4 2024 reduction was iShares MSCI EAFE ETF, cutting an estimated $98.7M.
- Sarah Ketterer fully exited Fiserv Inc in Q4 2024, selling an estimated $52.5M.
- Sarah Ketterer's ten largest holdings make up 54% of its $4.39B portfolio in Q4 2024.
- Sarah Ketterer opened 22 new positions and closed 12 in Q4 2024.
- Sarah Ketterer's portfolio value rose 7.9% quarter-over-quarter to $4.39B.
Based on Causeway Capital Management's 13F filing for Q4 2024, filed 13 Feb 2025.