Causeway Capital Management LLC Sarah Ketterer

Los Angeles, CA 20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

$9.2B
122 holdings
2026 Q2
+13.4% QoQ
Top 5 56.3%

Sarah Ketterer's biggest moves in 2026 Q2 were opening NetEase and Boston Scientific, adding to Deutsche Bank and AstraZeneca, trimming Canadian Pacific Kansas City and Cognizant, and selling out of Whirlpool and Aptiv.

Portfolio

2026 Q2, filed 8/13/2026, top 12 of 122 holdings

Top 5 56.3%, top 10 65.3%

AUM over time

2026 Q2 $9.2B +13.4% QoQ

Q3 2021

Q1 2022

Q1 2023

Q1 2024

Q1 2025

Q1 2026

Latest book

2026 Q2 2026 Q1, filed 13 Aug, long equity only

Download CSV Download Excel All activity


AZN, AstraZeneca	18.97%, was 17.66%	Add +26.1%	9,357,390	$187.18	$1.8B	+1,935,641	+$313M
CCL, Carnival	12.74%	New	41,190,606	$28.57	$1.2B	+41,190,606	+$1.2B
DB, Deutsche Bank	10.77%, was 8.88%	Add +17.6%	29,358,318	$33.86	$994M	+4,396,284	+$271M
WRK, Smurfit Westrock	7.53%, was 7.61%	Reduce −3.4%	15,039,041	$46.26	$696M	−526,987	+$75M
CP, Canadian Pacific Kansas City	6.30%, was 8.47%	Reduce −23.7%	6,711,483	$86.67	$582M	−2,080,898	−$108M
TSM, Taiwan Semiconductor	2.75%, was 2.11%	Add +4.6%	532,052	$477.57	$254M	+23,581	+$82M
ALK, Alaska Air Group	1.80%, was 1.13%	Add +27.2%	3,183,163	$52.20	$166M	+680,952	+$74M
CARR, Carrier Global	1.73%, was 1.45%	Add +3.6%	2,178,506	$73.35	$160M	+75,628	+$41M
LYV, Live Nation Entertainment	1.40%, was 0.99%	Add +34.2%	706,301	$183.11	$129M	+179,883	+$49M
MRK, Merck	1.33%, was 1.26%	Add +11.8%	954,932	$128.50	$123M	+100,720	+$20M
META, Meta Platforms	1.23%, was 1.02%	Add +39.1%	201,459	$563.29	$113M	+56,660	+$31M
GOOG, Alphabet	1.21%	Reduce −6.2%	316,217	$353.33	$112M	−21,081	+$15M
BCS, Barclays	1.16%	Reduce −2.4%	3,975,718	$26.86	$107M	−98,349	+$21M
BAP, Credicorp	1.08%, was 1.02%	Add +4.2%	255,436	$389.58	$100M	+10,323	+$16M
SAP	1.05%, was 0.96%	Add +38.1%	629,801	$154.11	$97M	+173,796	+$19M
BABA, Alibaba	1.03%, was 1.65%	Reduce −6.9%	995,040	$95.98	$96M	−73,850	−$39M
AXS, Axis Capital	1.00%	Add +5.4%	859,727	$107.44	$92M	+43,933	+$9.6M
EG, Everest Group	0.98%	Add +1.1%	252,702	$357.23	$90M	+2,694	+$8.6M
IR, Ingersoll Rand	0.92%, was 0.62%	Add +65.1%	1,033,693	$81.99	$85M	+407,631	+$35M
PHG, Koninklijke Philips	0.90%, was 0.83%	Add +24.7%	3,061,962	$27.19	$83M	+605,772	+$16M
NVO, Novo Nordisk	0.87%, was 0.53%	Add +42.9%	1,677,615	$47.94	$80M	+503,402	+$37M
JLL, Jones Lang Lasalle	0.83%, was 0.70%	Add +33.3%	248,252	$309.95	$77M	+61,978	+$20M
CFG, Citizens Financial Group	0.82%, was 0.77%	Add +2.7%	1,077,093	$70.07	$75M	+28,567	+$13M
NTES, NetEase	0.79%	New	572,412	$128.14	$73M	+572,412	+$73M
DEO, Diageo	0.78%, was 0.61%	Add +34.9%	899,015	$80.38	$72M	+232,701	+$23M
ZBH, Zimmer Biomet	0.74%, was 0.90%	Reduce −2.4%	788,810	$86.09	$68M	−19,300	−$5.2M
BA, Boeing	0.73%, was 0.77%	Reduce −0.3%	313,048	$216.47	$68M	−878	+$5.3M
C, Citigroup	0.70%, was 0.88%	Reduce −27.7%	458,858	$139.96	$64M	−176,073	−$7.8M
NWG, Natwest Group	0.67%, was 0.55%	Add +16.7%	3,487,290	$17.63	$61M	+498,981	+$17M
BIIB, Biogen	0.65%	Reduce −0.9%	278,283	$216.06	$60M	−2,500	+$8.7M
GFI, Gold Fields	0.62%	Add +4.8%	1,713,233	$33.59	$58M	+79,063	−$17M
ADI, Analog Devices	0.61%, was 0.79%	Reduce −29.6%	142,050	$397.17	$56M	−59,769	−$7.8M
RELX	0.60%, was 0.94%	Reduce −23.6%	1,762,329	$31.67	$56M	−544,080	−$21M
AU, Anglogold Ashanti	0.60%, was 1.06%	Reduce −23.5%	688,027	$81.01	$56M	−210,789	−$31M
ING, ING Groep	0.57%, was 0.49%	Add +9.9%	1,690,687	$31.38	$53M	+152,939	+$13M
BAH, Booz Allen Hamilton	0.56%, was 0.82%	Reduce −0.9%	849,966	$60.67	$52M	−7,496	−$15M
TXN, Texas Instruments	0.54%	Reduce −19.3%	166,496	$298.07	$50M	−39,718	+$9.6M
NGG, National Grid	0.53%	Add +9.6%	590,240	$82.87	$49M	+51,479	+$3.3M
DTE, DTE Energy	0.53%, was 0.58%	Reduce −0.5%	320,526	$152.37	$49M	−1,489	+$1.8M
PFE, Pfizer	0.50%	Add +0.1%	1,916,801	$24.08	$46M	+2,582	−$7.6M
PBR, Petroleo Brasileiro	0.49%, was 0.34%	Add +107.0%	3,096,624	$14.64	$45M	+1,600,960	+$17M
PUK, Prudential	0.49%, was 0.46%	Add +27.9%	1,689,218	$26.81	$45M	+368,067	+$7.7M
SNN, Smith & Nephew	0.49%, was 0.37%	Add +64.2%	1,565,167	$28.81	$45M	+612,021	+$15M
TAL, Tal Education Group	0.43%	Add +18.6%	4,125,430	$9.57	$39M	+647,013	−$69K
MSCI	0.42%, was 0.35%	Add +15.1%	542,849	$70.73	$38M	+71,195	+$10M
UNH, UnitedHealth Group	0.39%, was 0.24%	Add +21.7%	87,447	$415.63	$36M	+15,583	+$17M
DIS, Disney	0.38%, was 0.66%	Reduce −35.6%	360,600	$96.25	$35M	−199,282	−$19M
SNY, Sanofi	0.37%, was 0.63%	Reduce −24.5%	804,056	$42.66	$34M	−260,460	−$17M
BTI, British American Tobacco	0.37%, was 0.36%	Add +9.4%	547,925	$61.76	$34M	+47,061	+$4.6M
SMFG, Sumitomo Mitsui Financial Group	0.36%, was 0.31%	Add +9.9%	1,392,610	$23.58	$33M	+125,362	+$7.8M
VIST, Vista Energy Sab De CV	0.35%, was 0.20%	Add +126.9%	501,275	$63.80	$32M	+280,357	+$15M
MSCI, iShares MSCI India ETF	0.34%, was 0.26%	Add +36.9%	628,500	$49.39	$31M	+169,300	+$9.5M
BSX, Boston Scientific	0.33%	New	720,339	$42.68	$31M	+720,339	+$31M
JD, JD.com	0.33%	New	1,199,207	$25.48	$31M	+1,199,207	+$31M
VEA	0.33%, was 0.58%	Reduce −42.0%	427,314	$71.25	$30M	−309,323	−$17M
GGB, Gerdau	0.32%, was 0.30%	Add +5.7%	7,229,538	$4.04	$29M	+388,383	+$4.5M
BUD, Anheuser-Busch InBev	0.31%, was 0.49%	Reduce −40.1%	347,657	$82.40	$29M	−232,474	−$12M
Pagseguro Digital	0.31%, was 0.50%	Reduce −22.6%	3,130,268	$9.05	$28M	−914,082	−$12M
BXP, Boston Properties	0.27%	Reduce −0.6%	378,480	$66.31	$25M	−2,281	+$5.3M
HTHT, H World Group	0.26%	New	570,437	$41.72	$24M	+570,437	+$24M
Oceanagold	0.25%	New	911,012	$25.06	$23M	+911,012	+$23M
CGAU, Centerra Gold	0.22%	Add +3.2%	1,285,398	$15.85	$20M	+40,371	−$1.7M
Genpact	0.21%, was 0.89%	Reduce −63.5%	710,380	$27.50	$20M	−1,238,297	−$53M
CTSH, Cognizant	0.21%, was 1.13%	Reduce −67.1%	494,846	$38.73	$19M	−1,009,407	−$73M
ZIM, Zim Integrated Shipping Services	0.20%, was 0.29%	Reduce −21.9%	694,474	$26.00	$18M	−195,076	−$5.4M
FSM, Fortuna Mining	0.19%, was 0.15%	Add +66.8%	2,086,645	$8.45	$18M	+835,600	+$5.2M
WB, Weibo	0.18%, was 0.29%	Reduce −13.1%	2,317,577	$7.26	$17M	−348,625	−$6.5M
ARCO, Arcos Dorados	0.17%	New	1,961,513	$8.06	$16M	+1,961,513	+$16M
IBN, Icici Bank	0.14%	Reduce −0.7%	447,935	$29.03	$13M	−2,952	+$1.3M
VSS	0.14%, was 0.19%	Reduce −21.9%	80,907	$154.29	$12M	−22,674	−$2.6M
TD, Toronto-Dominion Bank	0.13%	New	97,238	$121.54	$12M	+97,238	+$12M
FINV, Finvolution Group	0.12%, was 0.14%	Reduce −4.8%	2,285,880	$4.79	$11M	−115,204	−$552K
CIB, Grupo Cibest	0.12%	Add +3.2%	136,620	$79.43	$11M	+4,256	+$1.2M
HDB, HDFC Bank	0.11%, was 0.12%	Reduce −0.8%	395,855	$25.83	$10M	−3,316	+$294K
CM, Canadian Imperial	0.10%	New	83,789	$115.12	$9.6M	+83,789	+$9.6M
BW LPG	0.09%	Add +2889.0%	457,050	$17.44	$8M	+441,759	+$7.7M
SU, Suncor Energy	0.08%	New	138,526	$53.78	$7.4M	+138,526	+$7.5M
JOYY	0.08%, was 0.54%	Reduce −85.4%	109,297	$65.99	$7.2M	−641,454	−$37M
CLS, Celestica	0.08%, was 0.09%	Reduce −21.0%	19,598	$364.57	$7.1M	−5,211	+$169K
MSCI	0.07%, was 0.03%	Add +234.8%	177,079	$37.31	$6.6M	+124,181	+$4.5M
TIGO, Millicom	0.06%, was 0.19%	Reduce −68.4%	65,932	$90.76	$6M	−142,786	−$9.7M
INFY, Infosys	0.06%, was 0.31%	Reduce −72.2%	526,963	$10.49	$5.5M	−1,369,525	−$20M
EEM	0.06%	New	74,974	$68.41	$5.1M	+74,974	+$5.1M
MSCI, iShares MSCI Taiwan ETF	0.05%, was 0.03%	Add +21.4%	45,108	$108.61	$4.9M	+7,957	+$2.3M
Hafnia	0.05%, was 0.01%	Add +1182.8%	697,424	$6.54	$4.6M	+643,057	+$4.1M
Stantec	0.04%	New	56,200	$68.95	$3.9M	+56,200	+$3.9M
GLBE, Global-E Online	0.04%	New	102,195	$34.73	$3.5M	+102,195	+$3.5M
Makemytrip	0.04%	Reduce −0.6%	64,145	$53.29	$3.4M	−399	+$1M
MGA, Magna International	0.03%	New	45,900	$65.73	$3M	+45,900	+$3M
Iamgold	0.03%	New	172,916	$15.87	$2.7M	+172,916	+$2.7M
EFA	0.02%, was 0.05%	Reduce −45.0%	20,761	$103.88	$2.2M	−17,000	−$1.5M
VWO, Vanguard Ftse Emerging	0.02%	Add +376.0%	35,556	$59.69	$2.1M	+28,087	+$1.7M
BP, BP PLC	0.02%, was 0.58%	Reduce −95.4%	46,059	$36.95	$1.7M	−951,875	−$45M
MT, Arcelormittal	0.01%, was 0.17%	Reduce −91.7%	22,155	$60.22	$1.3M	−243,542	−$12M
VEU	0.01%	Add +148.6%	15,389	$83.75	$1.3M	+9,198	+$824K
ITRN, Ituran Location And Control	0.01%	Hold	20,439	$61.01	$1.2M	—	—
ACWI	0.01%, was 0.03%	Reduce −50.1%	7,691	$156.97	$1.2M	−7,730	−$927K
WIT, Wipro	0.01%	Add +1.3%	448,957	$2.25	$1M	+5,793	+$71K
Open Text	0.01%	New	36,500	$22.13	$808K	+36,500	+$808K
CNQ, Canadian Natural Resources	0.01%	New	18,400	$39.56	$728K	+18,400	+$728K
NVDA, Nvidia	0.01%	Reduce −0.6%	3,567	$200.09	$714K	−22	+$88K
MSCI	0.01%	Hold	7,100	$82.27	$584K	—	—
INTR, Inter And	0.01%	New	100,618	$5.43	$546K	+100,618	+$546K
ORLA, Orla Mining	0.01%	New	52,100	$9.78	$509K	+52,100	+$509K
SHG, Shinhan Financial Group	0.00%, was 0.19%	Reduce −97.4%	6,594	$63.25	$417K	−246,982	−$15M
GSK	0.00%, was 0.01%	Reduce −35.5%	7,163	$52.42	$375K	−3,947	−$238K
BTG, B2gold	0.00%	Hold	94,491	$3.75	$354K	—	—
FIX, Comfort Systems USA	0.00%	Reduce −12.0%	162	$1,982	$321K	−22	+$67K
RNR, RenaissanceRe	0.00%	Hold	994	$316.90	$315K	—	—
AVGO, Broadcom	0.00%	Reduce −4.9%	802	$377.75	$303K	−41	+$42K
AAPL, Apple	0.00%	Add +2.6%	947	$289.36	$274K	+24	+$40K
Inmode	0.00%, was 0.01%	Reduce −74.7%	18,180	$14.62	$266K	−53,649	−$717K
ALL, Allstate	0.00%	Add +10.1%	1,107	$237.94	$263K	+102	+$55K
B	0.00%	Reduce −10.0%	6,966	$36.72	$256K	−770	−$60K
PDS, Precision Drilling	0.00%	Hold	3,291	$76.77	$253K	—	—
NVS, Novartis	0.00%	Add +0.9%	1,501	$156.67	$235K	+14	+$8K
MSFT, Microsoft	0.00%	Reduce −22.3%	600	$373.02	$224K	−172	−$62K
INN, Summit Hotel Properties	0.00%	Add +15.0%	17,063	$7.01	$120K	+2,225	+$54K

Showing top 50 of 118 by value

Exits / last held

Gone since 2026 Q1, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
CCL, Carnival	11.79%	Exit	$25.88	$960M	−37,096,593	−$960M
WHR, Whirlpool	0.80%	Exit	$53.92	$65M	−1,201,993	−$65M
APTV, Aptiv	0.58%	Exit	$69.44	$47M	−683,463	−$47M
PDD, PDD Holdings	0.30%	Exit	$102.18	$24M	−237,010	−$24M
TME, Tencent Music Entertainment	0.07%	Exit	$9.28	$5.7M	−612,900	−$5.7M
QFIN, Qfin Holdings	0.05%	Exit	$12.91	$4.3M	−330,288	−$4.3M
EFXT, Enerflex	0.01%	Exit	$20.85	$1.1M	−52,946	−$1.1M
JBS, JBS NV	—	Exit	$17.96	$377K	−20,994	−$377K

Filings history

20 periods, with AUM normalized

Newest 13Fs

Period	Holds	AUM	QoQ	Form	Filed	Filing ID
2026 Q2	122	$9.2B	+13.4%	13F-HR	8/13/2026	000094562126001052
2026 Q1	107	$8.1B	+12.1%	13F-HR	5/14/2026	000094562126000700
2025 Q4	108	$7.3B	−4.0%	13F-HR	2/13/2026	000094562126000303
2025 Q3	105	$7.6B	+19.8%	13F-HR	11/13/2025	000094562125001081
2025 Q2	99	$6.3B	+32.1%	13F-HR	8/13/2025	000094366325000224
2025 Q1	90	$4.8B	+8.9%	13F-HR	5/14/2025	000094366325000132
2024 Q4	107	$4.4B	+7.9%	13F-HR	2/13/2025	000094366325000047
2024 Q3	97	$4.1B	+11.0%	13F-HR	11/13/2024	000094366324000262
2024 Q2	90	$3.7B	−4.1%	13F-HR	8/13/2024	000094366324000204
2024 Q1	89	$3.8B	−2.6%	13F-HR	5/15/2024	000094366324000131
2023 Q4	89	$3.9B	+3.6%	13F-HR	2/14/2024	000094366324000054
2023 Q3	89	$3.8B	−0.3%	13F-HR	11/13/2023	000094366323000182
2023 Q2	81	$3.8B	−8.9%	13F-HR	8/11/2023	000089457923000230
2023 Q1	81	$4.2B	+21.0%	13F-HR	5/12/2023	000156761923006055
2022 Q4	83	$3.4B	−3.5%	13F-HR	2/13/2023	000156761923002449
2022 Q3	81	$3.6B	−11.0%	13F-HR	11/14/2022	000156761922019807
2022 Q2	80	$4B	−4.2%	13F-HR	8/15/2022	000156761922016013
2022 Q1	75	$4.2B	−8.0%	13F-HR	5/13/2022	000156761922010488
2021 Q4	82	$4.5B	+2.4%	13F-HR	2/11/2022	000156761922003403
2021 Q3	81	$4.4B	—	13F-HR	11/12/2021	000156761921019892

About

Causeway Capital Management LLC

20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person: Sarah Ketterer
SEC filing name: CAUSEWAY CAPITAL MANAGEMENT LLC
Location: Los Angeles, CA
All SEC filings: View on sec.gov