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 |
Ovintiv
OVV
|
+$198M |
| 2 |
CSX Corp
CSX
|
+$145M |
| 3 |
Signet Jewelers
SIG
|
+$120M |
| 4 |
PAY
Verifone Systems Inc
PAY
|
+$119M |
| 5 |
CSRA
CSRA Inc.
CSRA
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chunghwa Telecom
CHT
|
+$248M |
| 2 |
TotalEnergies
TTE
|
+$221M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$190M |
| 4 |
SNP
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
|
+$98.5M |
| 5 |
Wells Fargo
WFC
|
+$92.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.56% |
| 2 | Consumer Discretionary | 15.21% |
| 3 | Financials | 14.17% |
| 4 | Communication Services | 14% |
| 5 | Energy | 13.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Baidu
BIDU
$31.6B
| $506M | 9.29% |
2,777,800
+30,375
| +1% | +$5.26M |
|
2
Citigroup
C
$221B
| $306M | 5.62% |
5,771,742
+372,077
| +7% | +$16.9M |
|
3
Oracle
ORCL
$422B
| $241M | 4.43% |
5,484,992
+195,998
| +4% | +$7.99M |
|
4
Microsoft
MSFT
$3.59T
| $241M | 4.42% |
3,715,639
-384,632
| -9% | -$21.7M |
|
5
Qualcomm
QCOM
$169B
| $235M | 4.32% |
3,055,994
+50,788
| +2% | +$3.09M |
|
|
6
Ovintiv
OVV
$18.5B
| $231M | 4.23% |
+4,403,754
| New | +$198M |
|
7
Eli Lilly
LLY
$1.12T
| $209M | 3.84% |
2,313,413
+80,488
| +4% | +$6.44M |
|
8
TSMC
TSM
$2.17T
| $203M | 3.73% |
6,566,645
+792,812
| +14% | +$22.7M |
|
|
9
CSX Corp
CSX
$95.6B
| $175M | 3.21% |
+15,302,238
| New | +$145M |
|
10
PVH
PVH
$3.62B
| $168M | 3.08% |
1,349,534
-356,985
| -21% | -$36.9M |
|
11
Carnival Corporation Ltd
CCL
$35.2B
| $167M | 3.07% |
3,047,105
+402,427
| +15% | +$18.6M |
|
12
Alibaba
BABA
$286B
| $159M | 2.92% |
1,489,489
+683,289
| +85% | +$63.3M |
|
13
UnitedHealth
UNH
$350B
| $158M | 2.9% |
1,004,860
+40,607
| +4% | +$5.69M |
|
14
Prudential Financial
PRU
$41.8B
| $151M | 2.78% |
1,650,084
-370,639
| -18% | -$28.4M |
|
15
Biogen
BIIB
$32B
| $142M | 2.61% |
404,444
-84,819
| -17% | -$25.1M |
|
|
PDCE
16
DELISTED
PDC Energy, Inc.
PDCE
| $142M | 2.6% |
1,891,264
+197,127
| +12% | +$11.9M |
|
|
CSRA
17
DELISTED
CSRA Inc.
CSRA
| $137M | 2.51% |
+4,523,786
| New | +$117M |
|
18
Halliburton
HAL
$29.4B
| $131M | 2.41% |
2,604,131
+867,404
| +50% | +$37.9M |
|
19
Advance Auto Parts
AAP
$2.57B
| $131M | 2.41% |
782,920
+122,235
| +19% | +$19.5M |
|
|
20
Signet Jewelers
SIG
$3.16B
| $119M | 2.19% |
+1,418,450
| New | +$120M |
|
|
PAY
21
DELISTED
Verifone Systems Inc
PAY
| $116M | 2.12% |
+6,524,812
| New | +$119M |
|
22
SM Energy
SM
$8.85B
| $98.2M | 1.8% |
2,272,203
+166,205
| +8% | +$5.33M |
|
23
Johnson & Johnson
JNJ
$651B
| $93.6M | 1.72% |
705,335
-81,899
| -10% | -$9.94M |
|
24
Allstate
ALL
$64.2B
| $81.7M | 1.5% |
1,051,083
-866,041
| -45% | -$59.6M |
|
25
NetEase
NTES
$82.1B
| $80.3M | 1.47% |
1,653,455
+54,455
| +3% | +$2.32M |
|
Similar funds
Sarah Ketterer's Q3 2016 Portfolio in Review
As of Q3 2016, Sarah Ketterer held 86 positions worth $5.45B, up 16% from $4.7B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Sarah Ketterer withdrew a net $235M in Q3 2016, closing 4 positions and reducing 26 holdings. Its most notable exit was EMC CORPORATION, an estimated $190M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Sarah Ketterer opened a new position in Ovintiv worth $231M.
- Sarah Ketterer's largest Q3 2016 buy was Ovintiv: 4,403,754 shares worth $231M.
- Sarah Ketterer added most to Alibaba in Q3 2016, an estimated $63.3M increase.
- Sarah Ketterer's biggest Q3 2016 reduction was Chunghwa Telecom, cutting an estimated $248M.
- Sarah Ketterer fully exited EMC CORPORATION in Q3 2016, selling an estimated $190M.
- Sarah Ketterer's ten largest holdings make up 46% of its $5.45B portfolio in Q3 2016.
- Sarah Ketterer opened 13 new positions and closed 4 in Q3 2016.
- Sarah Ketterer's portfolio value rose 16% quarter-over-quarter to $5.45B.
Based on Causeway Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.