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 |
Delta Air Lines
DAL
|
+$106M |
| 2 |
PVH
PVH
|
+$80.2M |
| 3 |
Prudential Financial
PRU
|
+$76.3M |
| 4 |
PNC Financial Services
PNC
|
+$45.4M |
| 5 |
TSMC
TSM
|
+$42.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSX Corp
CSX
|
+$114M |
| 2 |
Progressive
PGR
|
+$99.3M |
| 3 |
UnitedHealth
UNH
|
+$50.4M |
| 4 |
HSBC
HSBC
|
+$39.2M |
| 5 |
Carnival Corporation Ltd
CCL
|
+$27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.17% |
| 2 | Financials | 16.81% |
| 3 | Healthcare | 13.64% |
| 4 | Energy | 10.73% |
| 5 | Consumer Discretionary | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Citigroup
C
$221B
| $193M | 5.03% |
2,843,903
+33,577
| +1% | +$1.71M |
|
2
Oracle
ORCL
$422B
| $175M | 4.57% |
3,069,061
-317,689
| -9% | -$13.8M |
|
3
Microsoft
MSFT
$3.59T
| $155M | 4.06% |
2,854,344
-376,041
| -12% | -$16.4M |
|
4
NOV
NOV
$7.28B
| $155M | 4.04% |
2,341,046
+412,085
| +21% | +$22.3M |
|
5
Eli Lilly
LLY
$1.12T
| $154M | 4.01% |
1,566,286
-89,626
| -5% | -$6.38M |
|
6
Ryanair
RYAAY
$28.9B
| $152M | 3.97% |
5,544,047
+182,076
| +3% | +$4.86M |
|
|
EMC
7
DELISTED
EMC CORPORATION
EMC
| $141M | 3.68% |
4,125,740
-478,200
| -10% | -$13.2M |
|
8
Qualcomm
QCOM
$169B
| $140M | 3.66% |
1,504,909
-168,115
| -10% | -$11.8M |
|
9
Chevron
CVX
$403B
| $137M | 3.57% |
972,102
+70,691
| +8% | +$7.54M |
|
|
10
Delta Air Lines
DAL
$54.2B
| $136M | 3.55% |
+2,280,253
| New | +$106M |
|
|
11
TSMC
TSM
$2.17T
| $124M | 3.25% |
5,300,133
+1,817,300
| +52% | +$42.8M |
|
|
12
Carnival Corporation Ltd
CCL
$35.2B
| $120M | 3.14% |
1,884,678
-600,701
| -24% | -$27M |
|
13
Wells Fargo
WFC
$254B
| $117M | 3.06% |
1,620,323
-217,771
| -12% | -$11.8M |
|
14
Johnson & Johnson
JNJ
$651B
| $115M | 3.01% |
855,044
-75,539
| -8% | -$7.68M |
|
|
15
UnitedHealth
UNH
$350B
| $114M | 2.97% |
722,588
-454,036
| -39% | -$50.4M |
|
16
TD Synnex
SNX
$20B
| $114M | 2.97% |
2,213,972
-150,408
| -6% | -$5.78M |
|
|
17
PVH
PVH
$3.62B
| $105M | 2.73% |
+740,320
| New | +$80.2M |
|
|
18
Prudential Financial
PRU
$41.8B
| $101M | 2.63% |
+941,735
| New | +$76.3M |
|
|
USG
19
DELISTED
Usg
USG
| $99M | 2.59% |
2,796,905
+201,453
| +8% | +$5.71M |
|
20
WisdomTree India Earnings Fund ETF
EPI
$2.03B
| $93.7M | 2.45% |
4,108,500
-667,700
| -14% | -$15.6M |
|
21
Altria Group
MO
$110B
| $82M | 2.14% |
1,412,837
-354,375
| -20% | -$18.8M |
|
22
SK Telecom
SKM
$15.5B
| $78.6M | 2.05% |
1,752,320
+75,097
| +4% | +$3.48M |
|
|
CHL
23
DELISTED
China Mobile Limited
CHL
| $75.2M | 1.96% |
1,156,275
+306,782
| +36% | +$20M |
|
24
Mattel
MAT
$4.15B
| $70.8M | 1.85% |
2,315,040
-146,791
| -6% | -$3.89M |
|
25
Walt Disney
DIS
$186B
| $67M | 1.75% |
479,074
-68,656
| -13% | -$6.93M |
|
Similar funds
Sarah Ketterer's Q1 2015 Portfolio in Review
As of Q1 2015, Sarah Ketterer held 86 positions worth $3.83B, up 11% from $3.46B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Sarah Ketterer's Q1 2015 filing shows 7 new, 22 increased, 41 reduced and 4 closed positions. Its largest new stake was Delta Air Lines: 2,280,253 shares worth $136M. The largest sale was CSX Corp, an estimated $114M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Financials and Healthcare.
- Sarah Ketterer's largest Q1 2015 buy was Delta Air Lines: 2,280,253 shares worth $136M.
- Sarah Ketterer added most to TSMC in Q1 2015, an estimated $42.8M increase.
- Sarah Ketterer's biggest Q1 2015 reduction was UnitedHealth, cutting an estimated $50.4M.
- Sarah Ketterer fully exited CSX Corp in Q1 2015, selling an estimated $114M.
- Sarah Ketterer's ten largest holdings make up 40% of its $3.83B portfolio in Q1 2015.
- Sarah Ketterer opened 7 new positions and closed 4 in Q1 2015.
- Sarah Ketterer's portfolio value rose 11% quarter-over-quarter to $3.83B.
Based on Causeway Capital Management's 13F filing for Q1 2015, filed 15 May 2015.