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 |
Chevron
CVX
|
+$87.7M |
| 2 |
Eli Lilly
LLY
|
+$84.7M |
| 3 |
TD Synnex
SNX
|
+$69.4M |
| 4 |
Mattel
MAT
|
+$61.3M |
| 5 |
HSBC
HSBC
|
+$45M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
APC
Anadarko Petroleum
APC
|
+$78.4M |
| 2 |
American Airlines Group
AAL
|
+$54M |
| 3 |
UnitedHealth
UNH
|
+$31M |
| 4 |
Boeing
BA
|
+$25.6M |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$17.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.16% |
| 2 | Technology | 18.59% |
| 3 | Healthcare | 15.52% |
| 4 | Industrials | 12.11% |
| 5 | Energy | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.59T
| $157M | 5.46% |
3,117,733
-30,400
| -1% | -$1.36M |
|
2
Citigroup
C
$221B
| $150M | 5.19% |
2,654,504
-93,200
| -3% | -$4.68M |
|
3
CSX Corp
CSX
$95.6B
| $131M | 4.55% |
11,301,753
+104,400
| +0.9% | +$1.08M |
|
|
EMC
4
DELISTED
EMC CORPORATION
EMC
| $129M | 4.48% |
4,049,659
+3,900
| +0.1% | +$113K |
|
5
Oracle
ORCL
$422B
| $128M | 4.43% |
3,074,189
+69,300
| +2% | +$2.81M |
|
6
Ryanair
RYAAY
$28.9B
| $123M | 4.28% |
5,324,065
+335,429
| +7% | +$7.48M |
|
7
Carnival Corporation Ltd
CCL
$35.2B
| $103M | 3.59% |
2,362,400
+722,000
| +44% | +$27.3M |
|
|
8
UnitedHealth
UNH
$350B
| $101M | 3.49% |
1,077,540
-366,900
| -25% | -$31M |
|
9
Johnson & Johnson
JNJ
$651B
| $99.2M | 3.44% |
853,150
+15,900
| +2% | +$1.65M |
|
|
10
Eli Lilly
LLY
$1.12T
| $94.7M | 3.28% |
+1,338,392
| New | +$84.7M |
|
11
Wells Fargo
WFC
$254B
| $93.8M | 3.25% |
1,660,045
-186,500
| -10% | -$9.59M |
|
12
First American
FAF
$7.33B
| $93.4M | 3.24% |
3,163,438
+40,100
| +1% | +$1.12M |
|
13
Altria Group
MO
$110B
| $92.8M | 3.22% |
1,851,600
+13,900
| +0.8% | +$595K |
|
14
NOV
NOV
$7.28B
| $91M | 3.15% |
1,097,075
-64,700
| -6% | -$5.35M |
|
|
15
Chevron
CVX
$403B
| $89.3M | 3.1% |
+687,278
| New | +$87.7M |
|
16
Progressive
PGR
$127B
| $85.3M | 2.96% |
3,096,446
+79,900
| +3% | +$1.97M |
|
17
SK Telecom
SKM
$15.5B
| $74.6M | 2.59% |
1,493,452
+102,337
| +7% | +$4.85M |
|
|
18
TD Synnex
SNX
$20B
| $74.4M | 2.58% |
+2,112,218
| New | +$69.4M |
|
|
APOL
19
DELISTED
Apollo Education Group Inc Class A
APOL
| $72.8M | 2.52% |
2,655,220
+75,200
| +3% | +$2.09M |
|
|
20
Mattel
MAT
$4.15B
| $66.3M | 2.3% |
1,986,025
+1,733,025
| +685% | +$61.3M |
|
|
USG
21
DELISTED
Usg
USG
| $64.3M | 2.23% |
2,148,700
+300,000
| +16% | +$8.52M |
|
22
WisdomTree India Earnings Fund ETF
EPI
$2.03B
| $54.3M | 1.88% |
2,477,900
-63,800
| -3% | -$1.44M |
|
|
23
Boeing
BA
$169B
| $50.2M | 1.74% |
361,762
-203,260
| -36% | -$25.6M |
|
24
Walt Disney
DIS
$186B
| $47.8M | 1.66% |
492,400
-22,700
| -4% | -$2M |
|
25
TSMC
TSM
$2.17T
| $33.7M | 1.17% |
1,668,833
+326,000
| +24% | +$6.8M |
|
Similar funds
Sarah Ketterer's Q3 2014 Portfolio in Review
As of Q3 2014, Sarah Ketterer held 80 positions worth $2.88B, up 18% from $2.45B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Sarah Ketterer deployed $217M of net new capital in Q3 2014, opening 5 new positions and adding to 36 existing holdings. Its largest new stake was Chevron: 687,278 shares worth $89.3M.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 22% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was UnitedHealth, an estimated $31M trimmed.
- Sarah Ketterer's largest Q3 2014 buy was Chevron: 687,278 shares worth $89.3M.
- Sarah Ketterer added most to Mattel in Q3 2014, an estimated $61.3M increase.
- Sarah Ketterer's biggest Q3 2014 reduction was UnitedHealth, cutting an estimated $31M.
- Sarah Ketterer fully exited Anadarko Petroleum in Q3 2014, selling an estimated $78.4M.
- Sarah Ketterer's ten largest holdings make up 42% of its $2.88B portfolio in Q3 2014.
- Sarah Ketterer opened 5 new positions and closed 6 in Q3 2014.
- Sarah Ketterer's portfolio value rose 18% quarter-over-quarter to $2.88B.
Based on Causeway Capital Management's 13F filing for Q3 2014, filed 13 Nov 2014.