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

2025 Q3 2025 Q2, filed 13 Nov, long equity only

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CP, Canadian Pacific Kansas City	13.31%, was 18.42%	Reduce −7.9%	13,522,873	$74.49	$1B	−1,157,626	−$157M
CCL, Carnival	12.19%	Add +9.6%	31,912,001	$28.91	$923M	+2,783,927	+$103M
DB, Deutsche Bank	8.19%, was 9.03%	Reduce −8.8%	17,618,765	$35.20	$620M	−1,696,378	+$50M
B	6.80%	Reduce −11.1%	15,694,240	$32.79	$515M	−1,959,176	+$148M
EFA	6.12%, was 0.01%	Add +70110.5%	4,959,667	$93.37	$463M	+4,952,603	+$462M
WRK, Smurfit Westrock	4.23%	Add +7.2%	7,522,983	$42.57	$320M	+507,289	+$18M
BABA, Alibaba	2.91%	Reduce −0.9%	1,231,464	$178.73	$220M	−11,005	+$79M
GOOG, Alphabet	2.03%	Reduce −12.4%	632,158	$243.55	$154M	−89,388	+$26M
TSM, Taiwan Semiconductor	1.87%	Reduce −1.9%	507,751	$279.29	$142M	−10,064	+$25M
C, Citigroup	1.34%, was 1.70%	Reduce −20.8%	998,078	$101.50	$101M	−261,900	−$5.9M
NTES, NetEase	1.28%, was 0.94%	Add +44.6%	638,315	$151.99	$97M	+196,821	+$38M
MRK, Merck	1.26%, was 1.23%	Add +15.4%	1,134,057	$83.93	$95M	+151,397	+$17M
CTSH, Cognizant	1.20%	Add +14.3%	1,350,178	$67.07	$91M	+168,820	−$1.6M
BCS, Barclays	1.19%, was 1.37%	Reduce −6.7%	4,352,949	$20.67	$90M	−311,229	+$3.3M
CARR, Carrier Global	1.16%	New	1,466,481	$59.70	$88M	+1,466,481	+$88M
AZNN	1.08%, was 1.05%	Add +11.9%	1,067,371	$76.72	$82M	+113,923	+$15M
AXS, Axis Capital	1.06%, was 1.04%	Add +31.8%	836,861	$95.80	$80M	+201,880	+$14M
BIIB, Biogen	1.05%, was 0.98%	Add +15.0%	567,518	$140.08	$79M	+74,163	+$18M
Genpact	1.04%, was 1.00%	Add +31.3%	1,878,432	$41.89	$79M	+447,261	+$16M
ADI, Analog Devices	0.98%, was 1.34%	Reduce −15.0%	302,272	$245.70	$74M	−53,332	−$10M
DIS, Disney	0.90%, was 1.22%	Reduce −4.5%	595,915	$114.50	$68M	−27,762	−$9.1M
GFI, Gold Fields	0.86%, was 0.51%	Add +14.0%	1,543,015	$41.96	$65M	+189,362	+$33M
META, Meta Platforms	0.84%, was 1.12%	Reduce −9.1%	86,917	$734.38	$64M	−8,653	−$6.7M
APTV, Aptiv	0.82%, was 0.78%	Add +0.6%	722,843	$86.22	$62M	+4,147	+$13M
EG, Everest Group	0.81%	New	175,686	$350.23	$62M	+175,686	+$62M
CFG, Citizens Financial Group	0.77%, was 0.73%	Add +5.5%	1,090,060	$53.16	$58M	+57,086	+$12M
BAP, Credicorp	0.76%, was 0.68%	Add +11.9%	215,628	$266.28	$57M	+22,870	+$14M
ZBH, Zimmer Biomet	0.76%	Add +0.6%	581,779	$98.50	$57M	+3,541	+$4.6M
MSCI, iShares MSCI India ETF	0.72%, was 0.19%	Add +385.2%	1,054,005	$52.06	$55M	+836,765	+$43M
BP, BP PLC	0.72%, was 0.77%	Reduce −2.3%	1,583,385	$34.46	$55M	−37,254	+$6.1M
TME, Tencent Music Entertainment	0.71%, was 0.59%	Add +20.2%	2,287,718	$23.34	$53M	+383,833	+$16M
PHG, Koninklijke Philips	0.71%, was 0.70%	Add +5.8%	1,958,112	$27.26	$53M	+107,117	+$9M
PFE, Pfizer	0.70%	Add +5.5%	2,072,047	$25.48	$53M	+108,735	+$5.2M
SAP	0.68%, was 0.55%	Add +68.4%	193,748	$267.21	$52M	+78,699	+$17M
PKG, Graphic Packaging	0.67%, was 0.25%	Add +251.3%	2,601,576	$19.57	$51M	+1,861,097	+$35M
GSK	0.67%	Add +6.3%	1,177,001	$43.16	$51M	+69,925	+$8.3M
NGG, National Grid	0.64%, was 0.37%	Add +112.4%	671,143	$72.67	$49M	+355,149	+$25M
WHR, Whirlpool	0.64%	Add +42.3%	617,039	$78.60	$48M	+183,496	+$4.5M
XP, XP Inc	0.63%	Add +11.3%	2,538,130	$18.79	$48M	+257,693	+$1.6M
ORCL, Oracle	0.62%, was 0.96%	Reduce −40.0%	166,409	$281.24	$47M	−110,877	−$14M
JOYY	0.61%, was 0.59%	Add +8.0%	790,060	$58.61	$46M	+58,190	+$9M
SNY, Sanofi	0.61%	Add +16.6%	979,317	$47.20	$46M	+139,678	+$5.7M
IR, Ingersoll Rand	0.61%, was 0.35%	Add +111.7%	556,229	$82.62	$46M	+293,455	+$24M
DEO, Diageo	0.59%	Add +8.4%	466,866	$95.43	$45M	+36,156	+$1.1M
ING, ING Groep	0.55%, was 0.53%	Add +3.7%	1,598,246	$26.08	$42M	+57,552	+$8M
PUK, Prudential	0.55%, was 0.63%	Reduce −7.7%	1,475,439	$27.99	$41M	−122,390	+$1.3M
PDD, PDD Holdings	0.54%	New	309,641	$132.17	$41M	+309,641	+$41M
Pagseguro Digital	0.51%, was 0.41%	Add +44.6%	3,892,125	$10.00	$39M	+1,200,587	+$13M
NVO, Novo Nordisk	0.51%, was 0.39%	Add +96.7%	695,979	$55.49	$39M	+342,095	+$14M
LYV, Live Nation Entertainment	0.50%	Add +5.9%	232,404	$163.40	$38M	+12,947	+$4.8M
QFIN, Qfin Holdings	0.49%, was 0.90%	Reduce −1.7%	1,291,210	$28.78	$37M	−22,953	−$20M
WB, Weibo	0.48%, was 0.40%	Add +11.7%	2,952,249	$12.40	$37M	+308,531	+$11M
BUD, Anheuser-Busch InBev	0.48%, was 0.70%	Reduce −5.8%	609,686	$59.61	$36M	−37,791	−$8.2M
RELX	0.46%, was 0.42%	Add +49.8%	723,161	$47.76	$35M	+240,316	+$8.3M
VEA	0.40%, was 0.22%	Add +107.4%	508,504	$59.92	$30M	+263,362	+$16M
SHG, Shinhan Financial Group	0.38%	Add +2.9%	565,975	$50.37	$29M	+15,837	+$3.7M
JLL, Jones Lang Lasalle	0.37%, was 0.55%	Reduce −30.9%	94,710	$298.28	$28M	−42,347	−$6.8M
SE, Sea Limited	0.36%, was 0.54%	Reduce −27.8%	153,370	$178.73	$27M	−58,961	−$6.5M
MSCI	0.35%, was 0.17%	Add +168.2%	367,520	$71.72	$26M	+230,512	+$16M
ALLY, Ally Financial	0.33%	Add +5.5%	636,169	$39.20	$25M	+33,133	+$1.5M
CLS, Celestica	0.33%	Reduce −19.2%	100,670	$246.13	$25M	−23,917	+$5.4M
BTI, British American Tobacco	0.32%, was 0.40%	Reduce −13.5%	458,703	$53.08	$24M	−71,896	−$765K
ATAT, Atour Lifestyle	0.30%, was 0.35%	Reduce −9.1%	611,570	$37.59	$23M	−61,214	+$1.1M
UNH, UnitedHealth Group	0.29%	New	64,603	$345.30	$22M	+64,603	+$22M
GGB, Gerdau	0.29%, was 0.12%	Add +169.2%	7,189,270	$3.10	$22M	+4,519,092	+$14M
BXP, Boston Properties	0.29%	Add +6.9%	291,507	$74.34	$22M	+18,712	+$3.3M
MT, Arcelormittal	0.28%, was 0.39%	Reduce −24.4%	586,831	$36.15	$21M	−189,871	−$3.3M
VIPS, Vipshop	0.28%, was 0.19%	Add +37.6%	1,076,736	$19.64	$21M	+294,218	+$9.4M
FINV, Finvolution Group	0.28%	Add +20.6%	2,834,783	$7.37	$21M	+483,580	−$1.4M
SNN, Smith & Nephew	0.27%, was 0.40%	Reduce −30.3%	572,532	$36.29	$21M	−248,476	−$4.4M
Hello Group	0.27%	Add +19.1%	2,794,347	$7.42	$21M	+448,123	+$932K
NWG, Natwest Group	0.27%, was 0.14%	Add +128.1%	1,435,963	$14.15	$20M	+806,493	+$11M
EWY	0.23%	New	221,895	$80.10	$18M	+221,895	+$18M
ZIM, Zim Integrated Shipping Services	0.19%, was 0.18%	Add +52.2%	1,082,641	$13.55	$15M	+371,277	+$3.2M
AU, Anglogold Ashanti	0.18%, was 0.56%	Reduce −74.8%	198,513	$70.34	$14M	−589,638	−$22M
IBN, Icici Bank	0.18%	Hold	444,660	$30.23	$13M	—	—
SMFG, Sumitomo Mitsui Financial Group	0.18%, was 0.07%	Add +165.4%	800,903	$16.74	$13M	+499,107	+$8.8M
HDB, HDFC Bank	0.17%	Add +105.3%	385,186	$34.16	$13M	+197,597	−$1.2M
VSS	0.17%, was 0.13%	Add +46.5%	90,227	$142.55	$13M	+28,641	+$4.6M
CGAU, Centerra Gold	0.12%, was 0.07%	Add +35.9%	863,377	$10.72	$9.3M	+227,876	+$4.7M
MSCI	0.10%, was 0.19%	Reduce −37.4%	194,437	$40.58	$7.9M	−116,314	−$4.1M
Makemytrip	0.10%, was 0.13%	Reduce −1.4%	82,319	$93.60	$7.7M	−1,202	−$482K
INFY, Infosys	0.06%	Hold	283,927	$16.27	$4.6M	—	—
iShares China Large-Cap ETF	0.04%	New	71,000	$41.14	$2.9M	+71,000	+$2.9M
RDY, Dr Reddy's Laboratories	0.03%	Hold	159,139	$13.98	$2.2M	—	—
TIGO, Millicom	0.02%	New	38,000	$48.54	$1.8M	+38,000	+$1.8M
Holding	0.02%	New	23,700	$55.58	$1.3M	+23,700	+$1.3M
ACWI	0.02%	Add +11.4%	9,427	$138.24	$1.3M	+967	+$215K
WIT, Wipro	0.02%	Hold	475,731	$2.63	$1.3M	—	—
MSCI, iShares MSCI World ETF	0.01%	New	6,151	$181.56	$1.1M	+6,151	+$1.1M
FSM, Fortuna Mining	0.01%	New	115,867	$8.96	$1M	+115,867	+$1M
ITRN, Ituran Location And Control	0.01%	New	20,439	$35.72	$730K	+20,439	+$730K
NVDA, Nvidia	0.01%	Add +4.8%	3,805	$186.58	$710K	+174	+$136K
MSCI, iShares MSCI Taiwan ETF	0.01%	New	11,100	$63.62	$706K	+11,100	+$706K
VEU	0.01%	Add +8.2%	9,660	$71.37	$689K	+734	+$89K
MSFT, Microsoft	0.01%	Hold	940	$517.95	$487K	—	—
BTG, B2gold	0.01%	Hold	94,491	$4.94	$467K	—	—
JBS, JBS NV	0.01%	Reduce −23.4%	26,297	$14.93	$393K	−8,053	−$109K
NVS, Novartis	0.00%	Reduce −1.4%	2,054	$128.24	$263K	−30	+$11K
AAPL, Apple	0.00%	Reduce −7.6%	927	$254.63	$236K	−76	+$30K
Korea Electric Power	0.00%, was 0.27%	Reduce −99.0%	12,752	$13.05	$166K	−1,207,568	−$17M
INN, Summit Hotel Properties	0.00%	Reduce −5.2%	14,838	$5.49	$81K	−814	+$2K
Puma Biotechnology	0.00%	Hold	14,095	$5.31	$75K	—	—

Showing top 50 of 103 by value

Exits / last held

Gone since 2025 Q2, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
JD, JD.com	0.96%	Exit	$32.64	$61M	−1,854,381	−$61M
IFF, International Flavors & Fragrances	0.72%	Exit	$73.55	$46M	−622,703	−$46M
PCG, PG&E	0.60%	Exit	$13.94	$38M	−2,737,515	−$38M
MELI, MercadoLibre	0.19%	Exit	$2,614	$12M	−4,525	−$12M
SNX, TD Synnex	0.14%	Exit	$135.70	$8.5M	−62,872	−$8.5M
Iqiyi	0.08%	Exit	$1.77	$5.1M	−2,896,200	−$5.1M
VWO, Vanguard Ftse Emerging	0.01%	Exit	$49.52	$354K	−7,149	−$354K
BKNG, Booking Holdings	—	Exit	$5,784	$214K	−37	−$214K

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