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%

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

Book

2023 Q3 2023 Q2, filed 13 Nov, long equity only

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RYAAY, Ryanair	10.56%, was 21.85%	Reduce −45.1%	4,117,682	$97.21	$400M	−3,388,253	−$430M
EFA	8.71%	New	4,789,941	$68.92	$330M	+4,789,941	+$330M
CP, Canadian Pacific Kansas City	8.06%	New	4,091,735	$74.66	$306M	+4,091,735	+$306M
UBS	5.89%, was 4.74%	Add +1.1%	8,998,675	$24.80	$223M	+95,547	+$43M
BBD, Banco Bradesco	4.82%, was 4.07%	Add +43.4%	64,072,052	$2.85	$183M	+19,404,902	+$28M
BABA, Alibaba	2.59%, was 2.10%	Add +18.1%	1,129,748	$86.74	$98M	+173,468	+$18M
GOOG, Alphabet	2.44%, was 2.62%	Reduce −14.6%	701,234	$131.85	$92M	−120,200	−$6.9M
DIS, Disney	2.33%, was 1.96%	Add +30.2%	1,088,542	$81.05	$88M	+252,680	+$14M
Genpact	2.06%, was 1.99%	Add +7.2%	2,159,210	$36.20	$78M	+144,611	+$2.5M
SNX, TD Synnex	2.05%, was 1.57%	Add +23.0%	778,367	$99.86	$78M	+145,552	+$18M
FISV, Fiserv	1.98%	Add +1.8%	663,230	$112.96	$75M	+11,461	−$7.3M
PDD, PDD Holdings	1.72%	Reduce −19.8%	663,897	$98.07	$65M	−164,298	+$7.8M
C, Citigroup	1.66%	Add +2.3%	1,524,594	$41.13	$63M	+34,646	−$5.9M
DGX, Quest Diagnostics	1.57%, was 1.14%	Add +58.7%	489,694	$121.86	$60M	+181,201	+$16M
ABBV, AbbVie	1.56%, was 1.20%	Add +17.1%	397,183	$149.06	$59M	+58,123	+$14M
EXE, Chesapeake Energy	1.53%, was 1.04%	Add +42.1%	673,192	$86.23	$58M	+199,383	+$18M
AVTR, Avantor	1.43%	Reduce −0.4%	2,572,999	$21.08	$54M	−11,455	+$1.2M
MDLZ, Mondelez	1.41%	Add +3.6%	772,419	$69.40	$54M	+26,845	−$776K
CNXC, Concentrix	1.39%, was 0.98%	Add +43.4%	658,107	$80.11	$53M	+199,226	+$16M
IFF, International Flavors & Fragrances	1.36%	New	755,351	$68.17	$51M	+755,351	+$51M
ZBRA, Zebra Technologies	1.29%	New	207,143	$236.53	$49M	+207,143	+$49M
VIPS, Vipshop	1.29%	Add +2.2%	3,050,456	$16.01	$49M	+66,939	−$390K
META, Meta Platforms	1.22%, was 1.48%	Reduce −21.4%	153,998	$300.21	$46M	−41,873	−$10M
ZBH, Zimmer Biomet	1.20%, was 0.87%	Add +79.6%	405,863	$112.22	$46M	+179,845	+$13M
JLL, Jones Lang Lasalle	1.19%, was 1.18%	Add +11.1%	318,886	$141.18	$45M	+31,867	+$303K
TSM, Taiwan Semiconductor	1.14%, was 3.75%	Reduce −64.7%	497,529	$86.90	$43M	−912,974	−$99M
CSX	1.10%, was 0.89%	Add +36.6%	1,361,391	$30.75	$42M	+364,585	+$7.9M
PCG, PG&E	1.06%, was 0.87%	Add +30.7%	2,487,794	$16.13	$40M	+584,625	+$7.2M
FINV, Finvolution Group	1.04%, was 0.69%	Add +38.2%	7,903,920	$4.98	$39M	+2,182,976	+$13M
SAP	0.99%, was 0.87%	Add +20.1%	290,321	$129.32	$38M	+48,512	+$4.5M
GGB, Gerdau	0.96%, was 1.06%	Reduce −1.1%	7,648,106	$4.77	$36M	−82,315	−$3.9M
PBR, Petroleo Brasileiro	0.95%	New	2,624,104	$13.71	$36M	+2,624,104	+$36M
BP, BP PLC	0.92%, was 0.75%	Add +11.1%	897,340	$38.72	$35M	+89,758	+$6.2M
ALL, Allstate	0.90%	New	305,951	$111.41	$34M	+305,951	+$34M
CFG, Citizens Financial Group	0.84%, was 0.43%	Add +88.6%	1,194,520	$26.80	$32M	+561,274	+$15M
BCS, Barclays	0.83%, was 0.70%	Add +19.5%	4,042,661	$7.79	$31M	+658,639	+$4.9M
Berry Global Group	0.83%, was 1.27%	Reduce −32.3%	506,850	$61.91	$31M	−242,282	−$17M
TSN, Tyson Foods	0.81%, was 0.44%	Add +86.7%	606,708	$50.49	$31M	+281,811	+$14M
SHEL, Shell	0.79%	New	463,105	$64.38	$30M	+463,105	+$30M
PUK, Prudential	0.77%, was 0.70%	Add +42.1%	1,328,428	$21.92	$29M	+393,374	+$2.6M
SNY, Sanofi	0.68%, was 0.53%	Add +29.2%	480,642	$53.64	$26M	+108,574	+$5.7M
AZNN	0.63%, was 0.50%	Add +34.4%	355,221	$67.72	$24M	+90,875	+$5.1M
DQ, Daqo New Energy	0.59%, was 0.89%	Reduce −13.3%	741,683	$30.27	$22M	−114,097	−$12M
MSCI, iShares Core MSCI Eafe ETF	0.58%	New	343,100	$64.35	$22M	+343,100	+$22M
PHG, Koninklijke Philips	0.57%, was 0.66%	Reduce −6.0%	1,092,037	$19.94	$22M	−69,793	−$3.4M
GSK	0.54%, was 0.37%	Add +41.4%	564,747	$36.25	$20M	+165,317	+$6.2M
RIO, Rio Tinto	0.53%, was 0.45%	Add +16.2%	313,462	$63.64	$20M	+43,804	+$2.7M
DEO, Diageo	0.52%, was 0.51%	Add +18.1%	131,507	$149.18	$20M	+20,191	+$307K
RELX	0.51%, was 0.65%	Reduce −23.1%	571,819	$33.70	$19M	−171,475	−$5.6M
TAK, Takeda Pharmaceutical	0.51%, was 0.46%	Add +11.0%	1,244,309	$15.47	$19M	+123,725	+$1.6M
BIDU, Baidu	0.51%, was 0.58%	Reduce −11.5%	142,699	$134.35	$19M	−18,499	−$2.9M
NVS, Novartis	0.50%, was 0.60%	Reduce −17.1%	187,019	$101.86	$19M	−38,529	−$3.7M
ING, ING Groep	0.49%, was 0.59%	Reduce −15.1%	1,421,758	$13.18	$19M	−252,065	−$3.8M
QFIN, Qifu Technology	0.47%, was 0.89%	Reduce −40.7%	1,158,584	$15.36	$18M	−796,743	−$16M
BTI, British American Tobacco	0.46%, was 0.28%	Add +72.3%	560,165	$31.41	$18M	+235,085	+$6.8M
UL, Unilever	0.45%, was 0.53%	Reduce −11.8%	343,782	$49.40	$17M	−45,898	−$3.3M
BUD, Anheuser-Busch InBev	0.44%, was 0.31%	Add +48.3%	304,020	$55.30	$17M	+99,006	+$5.2M
VEA, Vanguard Ftse Developed ETF	0.44%, was 0.24%	Add +93.7%	377,949	$43.72	$17M	+182,810	+$7.5M
SABR, Sabre	0.42%	Reduce −0.6%	3,527,949	$4.49	$16M	−19,786	+$4.5M
ATHM, Autohome	0.39%, was 0.30%	Add +24.8%	485,611	$30.35	$15M	+96,510	+$3.4M
VIST, Vista Energy Sab De CV	0.37%, was 0.27%	Add +8.0%	464,195	$30.39	$14M	+34,563	+$3.7M
ASHR	0.36%, was 0.33%	Add +12.3%	529,313	$26.01	$14M	+58,010	+$1.2M
Iqiyi	0.28%, was 0.35%	Reduce −8.3%	2,262,804	$4.74	$11M	−206,096	−$2.5M
Hello Group	0.27%, was 0.60%	Reduce −37.1%	1,492,187	$6.98	$10M	−878,900	−$12M
IBN, Icici Bank	0.27%, was 0.35%	Reduce −22.0%	449,264	$23.12	$10M	−126,933	−$2.9M
SMFG, Sumitomo Mitsui Financial Group	0.27%, was 0.38%	Reduce −38.0%	1,033,076	$9.85	$10M	−633,250	−$4.2M
KOF	0.26%, was 0.25%	Add +13.1%	126,594	$78.44	$9.9M	+14,657	+$605K
Makemytrip	0.21%	Reduce −12.2%	192,127	$40.52	$7.8M	−26,742	+$1.9M
MSCI	0.21%, was 0.23%	Reduce −4.0%	200,689	$38.74	$7.8M	−8,289	−$862K
RDY, Dr Reddy's Laboratories	0.20%, was 0.25%	Reduce −23.2%	115,238	$66.87	$7.7M	−34,744	−$1.8M
INFY, Infosys	0.20%, was 0.27%	Reduce −28.3%	450,220	$17.11	$7.7M	−177,704	−$2.4M
HDB, HDFC Bank	0.19%, was 0.13%	Add +71.7%	119,163	$59.01	$7M	+49,761	+$2.2M
Miniso Group	0.18%	New	266,754	$25.90	$6.9M	+266,754	+$6.9M
Jinkosolar	0.16%, was 0.39%	Reduce −39.2%	205,219	$30.37	$6.2M	−132,295	−$8.7M
NWG, Natwest Group	0.16%	New	1,044,782	$5.87	$6.1M	+1,044,782	+$6.1M
CLS, Celestica	0.15%, was 0.09%	Add +1.5%	230,954	$24.59	$5.7M	+3,441	+$2.4M
VSS	0.15%, was 0.21%	Reduce −26.2%	52,286	$106.20	$5.6M	−18,589	−$2.3M
BTE, Baytex Energy	0.09%	New	734,076	$4.43	$3.3M	+734,076	+$3.3M
Golden Ocean Group	0.08%, was 0.10%	Reduce −22.3%	392,847	$7.93	$3.1M	−113,057	−$702K
Vermilion Energy	0.07%	New	189,271	$14.70	$2.8M	+189,271	+$2.8M
MSCI	0.07%	New	43,758	$63.12	$2.8M	+43,758	+$2.8M
iShares China Large-Cap ETF	0.07%	New	101,700	$26.53	$2.7M	+101,700	+$2.7M
United Microelectronics	0.04%	Hold	220,778	$7.06	$1.6M	—	—
Himax Technologies	0.04%	Hold	258,200	$5.84	$1.5M	—	—
Inmode	0.04%	New	48,493	$30.46	$1.5M	+48,493	+$1.5M
KB, KB Financial Group	0.03%	Hold	26,332	$41.11	$1.1M	—	—
ACWI	0.03%	New	10,732	$92.37	$991K	+10,732	+$991K
MSCI, iShares MSCI India ETF	0.02%, was 0.08%	Reduce −67.9%	21,294	$44.22	$942K	−44,955	−$2M
TRMD, Torm	0.01%, was 0.09%	Reduce −91.4%	11,720	$27.16	$318K	−124,745	−$3M

Showing top 50 of 89 by value

Exits / last held

Gone since 2023 Q2, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
CNI, Canadian National Railway	9.21%	Exit	$121.23	$350M	−2,887,742	−$350M
WRK, Westrock	1.62%	Exit	$29.07	$61M	−2,111,676	−$61M
LDOS, Leidos	1.30%	Exit	$88.48	$49M	−558,903	−$49M
TME, Tencent Music Entertainment	1.18%	Exit	$7.38	$45M	−6,052,922	−$45M
CARR, Carrier Global	0.99%	Exit	$49.71	$37M	−754,096	−$37M
MELI, MercadoLibre	0.31%	Exit	$1,185	$12M	−10,070	−$12M
YPF, Ypf SA	0.31%	Exit	$14.89	$12M	−791,539	−$12M
WIT, Wipro	0.01%	Exit	$4.72	$474K	−100,430	−$474K

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