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 Q4 2025 Q3, filed 13 Feb, long equity only

Download CSV Download Excel All activity


CCL, Carnival	14.26%, was 12.19%	Add +6.4%	33,944,782	$30.54	$1B	+2,032,781	+$114M
CP, Canadian Pacific Kansas City	12.78%, was 13.31%	Reduce −6.8%	12,596,802	$73.71	$929M	−926,071	−$79M
WRK, Smurfit Westrock	10.18%, was 4.23%	Add +154.3%	19,132,879	$38.67	$740M	+11,609,896	+$420M
DB, Deutsche Bank	7.59%, was 8.19%	Reduce −19.4%	14,194,354	$38.87	$552M	−3,424,411	−$69M
B	3.64%, was 6.80%	Reduce −61.2%	6,093,395	$43.41	$264M	−9,600,845	−$250M
BABA, Alibaba	2.43%, was 2.91%	Reduce −2.3%	1,203,049	$146.58	$176M	−28,415	−$44M
TSM, Taiwan Semiconductor	2.14%, was 1.87%	Add +0.8%	511,720	$303.89	$156M	+3,969	+$14M
CTSH, Cognizant	1.77%, was 1.20%	Add +15.0%	1,552,361	$83.00	$129M	+202,183	+$38M
GOOG, Alphabet	1.60%, was 2.03%	Reduce −41.5%	370,001	$313.80	$116M	−262,157	−$38M
MRK, Merck	1.51%	Reduce −7.9%	1,044,617	$105.26	$110M	−89,440	+$15M
CARR, Carrier Global	1.34%, was 1.16%	Add +26.1%	1,848,827	$52.84	$98M	+382,346	+$10M
Genpact	1.34%, was 1.04%	Add +11.0%	2,084,209	$46.78	$97M	+205,777	+$19M
BCS, Barclays	1.31%	Reduce −13.8%	3,750,607	$25.45	$95M	−602,342	+$5.5M
AZNN	1.28%	Reduce −5.3%	1,010,898	$91.93	$93M	−56,473	+$11M
BIIB, Biogen	1.26%	Reduce −8.2%	521,101	$175.99	$92M	−46,417	+$12M
C, Citigroup	1.12%, was 1.34%	Reduce −30.1%	697,445	$116.69	$81M	−300,633	−$20M
EG, Everest Group	1.11%, was 0.81%	Add +35.8%	238,558	$339.35	$81M	+62,872	+$19M
AXS, Axis Capital	1.06%	Reduce −13.8%	721,221	$107.09	$77M	−115,640	−$2.9M
META, Meta Platforms	1.00%, was 0.84%	Add +27.0%	110,385	$660.09	$73M	+23,468	+$9M
ALK, Alaska Air Group	0.99%	New	1,434,517	$50.30	$72M	+1,434,517	+$72M
ADI, Analog Devices	0.98%	Reduce −13.0%	263,030	$271.20	$71M	−39,242	−$2.9M
GFI, Gold Fields	0.97%, was 0.86%	Add +5.1%	1,621,076	$43.66	$71M	+78,061	+$6M
BAP, Credicorp	0.96%, was 0.76%	Add +12.2%	242,024	$287.00	$69M	+26,396	+$12M
PKG, Graphic Packaging	0.94%, was 0.67%	Add +74.1%	4,528,554	$15.06	$68M	+1,926,978	+$17M
ZBH, Zimmer Biomet	0.90%, was 0.76%	Add +25.2%	728,498	$89.92	$66M	+146,719	+$8.2M
LYV, Live Nation Entertainment	0.88%, was 0.50%	Add +92.4%	447,113	$142.50	$64M	+214,709	+$26M
DIS, Disney	0.85%, was 0.90%	Reduce −8.4%	546,064	$113.77	$62M	−49,851	−$6.1M
SAP	0.84%, was 0.68%	Add +29.4%	250,748	$242.91	$61M	+57,000	+$9.1M
PHG, Koninklijke Philips	0.82%, was 0.71%	Add +12.3%	2,198,531	$27.08	$60M	+240,419	+$6.2M
CFG, Citizens Financial Group	0.82%	Reduce −7.0%	1,014,186	$58.41	$59M	−75,874	+$1.3M
BP, BP PLC	0.78%, was 0.72%	Add +3.6%	1,640,680	$34.73	$57M	+57,295	+$2.4M
WHR, Whirlpool	0.76%, was 0.64%	Add +23.4%	761,228	$72.14	$55M	+144,189	+$6.4M
NGG, National Grid	0.76%, was 0.64%	Add +5.7%	709,485	$77.35	$55M	+38,342	+$6.1M
JOYY	0.72%, was 0.61%	Add +2.9%	812,601	$64.76	$53M	+22,541	+$6.3M
PFE, Pfizer	0.72%, was 0.70%	Add +0.9%	2,091,719	$24.90	$52M	+19,672	−$712K
SNY, Sanofi	0.71%, was 0.61%	Add +8.6%	1,063,958	$48.46	$52M	+84,641	+$5.3M
APTV, Aptiv	0.70%, was 0.82%	Reduce −7.5%	668,620	$76.09	$51M	−54,223	−$11M
NVO, Novo Nordisk	0.70%, was 0.51%	Add +42.8%	993,850	$50.88	$51M	+297,871	+$12M
RELX	0.66%, was 0.46%	Add +64.5%	1,189,379	$40.42	$48M	+466,218	+$14M
IR, Ingersoll Rand	0.65%, was 0.61%	Add +7.3%	596,771	$79.22	$47M	+40,542	+$1.3M
PUK, Prudential	0.65%, was 0.55%	Add +2.3%	1,508,912	$31.12	$47M	+33,473	+$5.7M
BUD, Anheuser-Busch InBev	0.62%, was 0.48%	Add +15.0%	701,343	$64.04	$45M	+91,657	+$8.6M
INFY, Infosys	0.61%, was 0.06%	Add +774.3%	2,482,318	$17.82	$44M	+2,198,391	+$40M
PDD, PDD Holdings	0.58%, was 0.54%	Add +19.9%	371,241	$113.39	$42M	+61,600	+$1.2M
DEO, Diageo	0.58%	Add +3.9%	485,288	$86.27	$42M	+18,422	−$2.7M
Pagseguro Digital	0.54%, was 0.51%	Add +3.9%	4,045,457	$9.64	$39M	+153,332	+$77K
AU, Anglogold Ashanti	0.52%, was 0.18%	Add +118.8%	434,260	$86.49	$38M	+235,747	+$24M
BAH, Booz Allen Hamilton	0.46%	New	396,332	$84.36	$33M	+396,332	+$33M
BA, Boeing	0.45%	New	151,928	$217.12	$33M	+151,928	+$33M
MSCI	0.44%, was 0.35%	Add +24.9%	458,977	$69.91	$32M	+91,457	+$5.7M
SHG, Shinhan Financial Group	0.43%, was 0.38%	Add +2.4%	579,796	$53.63	$31M	+13,821	+$2.6M
WB, Weibo	0.42%	Add +1.4%	2,992,234	$10.22	$31M	+39,985	−$6M
TME, Tencent Music Entertainment	0.41%, was 0.71%	Reduce −26.1%	1,689,576	$17.53	$30M	−598,142	−$24M
NWG, Natwest Group	0.38%, was 0.27%	Add +10.5%	1,587,264	$17.50	$28M	+151,301	+$7.5M
ING, ING Groep	0.38%, was 0.55%	Reduce −38.6%	982,006	$28.00	$27M	−616,240	−$14M
BTI, British American Tobacco	0.38%, was 0.32%	Add +5.3%	483,138	$56.62	$27M	+24,435	+$3M
ALLY, Ally Financial	0.37%	Reduce −5.6%	600,850	$45.29	$27M	−35,319	+$2.3M
GGB, Gerdau	0.37%, was 0.29%	Add +1.0%	7,259,433	$3.69	$27M	+70,163	+$4.5M
VEA	0.36%, was 0.40%	Reduce −17.1%	421,392	$62.47	$26M	−87,112	−$4.1M
ZIM, Zim Integrated Shipping Services	0.35%, was 0.19%	Add +12.0%	1,213,006	$21.23	$26M	+130,365	+$11M
QFIN, Qfin Holdings	0.35%	Add +1.2%	1,306,636	$19.27	$25M	+15,426	−$12M
SMFG, Sumitomo Mitsui Financial Group	0.31%, was 0.18%	Add +47.0%	1,177,274	$19.33	$23M	+376,371	+$9.4M
CLS, Celestica	0.30%, was 0.33%	Reduce −27.2%	73,302	$296.20	$22M	−27,368	−$3.1M
MSCI, iShares MSCI India ETF	0.29%, was 0.72%	Reduce −63.4%	386,205	$54.05	$21M	−667,800	−$34M
JLL, Jones Lang Lasalle	0.28%, was 0.37%	Reduce −37.2%	59,456	$336.47	$20M	−35,254	−$8.2M
SNN, Smith & Nephew	0.27%	Add +5.5%	603,812	$32.81	$20M	+31,280	−$966K
VIPS, Vipshop	0.27%	Add +1.2%	1,089,598	$17.69	$19M	+12,862	−$1.9M
BXP, Boston Properties	0.25%, was 0.29%	Reduce −6.7%	272,049	$67.48	$18M	−19,458	−$3.3M
CGAU, Centerra Gold	0.25%, was 0.12%	Add +44.8%	1,249,789	$14.42	$18M	+386,412	+$8.8M
MT, Arcelormittal	0.24%, was 0.28%	Reduce −34.4%	384,849	$45.57	$18M	−201,982	−$3.7M
HDB, HDFC Bank	0.21%, was 0.17%	Add +9.6%	422,279	$36.54	$15M	+37,093	+$2.3M
FINV, Finvolution Group	0.20%, was 0.28%	Reduce −2.6%	2,761,927	$5.23	$14M	−72,856	−$6.4M
IBN, Icici Bank	0.20%, was 0.18%	Add +7.3%	477,060	$29.80	$14M	+32,400	+$774K
MSCI, iShares MSCI Taiwan ETF	0.17%, was 0.01%	Add +1614.8%	190,341	$63.53	$12M	+179,241	+$11M
TIGO, Millicom	0.16%, was 0.02%	Add +468.3%	215,950	$55.44	$12M	+177,950	+$10M
VALE, Vale SA	0.16%	New	904,000	$13.03	$12M	+904,000	+$12M
EWY	0.15%, was 0.23%	Reduce −50.1%	110,800	$97.22	$11M	−111,095	−$7M
VSS	0.14%, was 0.17%	Reduce −19.2%	72,930	$143.33	$10M	−17,297	−$2.4M
FSM, Fortuna Mining	0.12%, was 0.01%	Add +645.4%	863,628	$9.81	$8.5M	+747,761	+$7.4M
EFA	0.11%, was 6.12%	Reduce −98.3%	83,004	$96.03	$8M	−4,876,663	−$455M
Hello Group	0.08%, was 0.27%	Reduce −68.2%	889,397	$6.55	$5.8M	−1,904,950	−$15M
Makemytrip	0.08%, was 0.10%	Reduce −17.2%	68,159	$82.12	$5.6M	−14,160	−$2.1M
VWO, Vanguard Ftse Emerging	0.04%	New	60,561	$53.76	$3.3M	+60,561	+$3.3M
MSCI, iShares MSCI World ETF	0.03%, was 0.01%	Add +72.8%	10,631	$185.77	$2M	+4,480	+$858K
GSK	0.02%, was 0.67%	Reduce −97.1%	33,897	$49.04	$1.7M	−1,143,104	−$49M
MSCI	0.02%	New	22,500	$68.80	$1.5M	+22,500	+$1.5M
ACWI	0.02%	Add +16.0%	10,935	$141.49	$1.5M	+1,508	+$244K
Holding	0.02%	Hold	23,700	$59.61	$1.4M	—	—
WIT, Wipro	0.02%	Reduce −0.5%	473,301	$2.84	$1.3M	−2,430	+$93K
EFXT, Enerflex	0.02%	New	73,432	$15.44	$1.1M	+73,432	+$1.1M
VEU	0.01%	Add +49.9%	14,484	$73.56	$1.1M	+4,824	+$376K
Inmode	0.01%	New	71,829	$14.69	$1.1M	+71,829	+$1.1M
ASHR	0.01%	New	28,800	$32.85	$946K	+28,800	+$946K
ITRN, Ituran Location And Control	0.01%	Hold	20,439	$43.01	$879K	—	—
NVDA, Nvidia	0.01%	Reduce −1.2%	3,758	$186.50	$701K	−47	−$9K
MSFT, Microsoft	0.01%	Add +2.7%	965	$483.62	$467K	+25	−$20K
EWZ	0.01%	New	13,800	$31.77	$438K	+13,800	+$438K
BTG, B2gold	0.01%	Hold	94,491	$4.51	$426K	—	—
JBS, JBS NV	0.00%, was 0.01%	Reduce −20.2%	20,994	$14.42	$303K	−5,303	−$90K
NVS, Novartis	0.00%	Reduce −5.8%	1,935	$137.87	$267K	−119	+$3K
AAPL, Apple	0.00%	Reduce −3.1%	898	$271.86	$244K	−29	+$8K
Korea Electric Power	0.00%	Reduce −12.2%	11,202	$16.50	$185K	−1,550	+$18K
Puma Biotechnology	0.00%	Reduce −5.6%	13,310	$5.95	$79K	−785	+$4K
INN, Summit Hotel Properties	0.00%	Hold	14,838	$4.87	$72K	—	—

Showing top 50 of 104 by value

Exits / last held

Gone since 2025 Q3, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
NTES, NetEase	1.28%	Exit	$151.99	$97M	−638,315	−$97M
XP, XP Inc	0.63%	Exit	$18.79	$48M	−2,538,130	−$48M
ORCL, Oracle	0.62%	Exit	$281.24	$47M	−166,409	−$47M
SE, Sea Limited	0.36%	Exit	$178.73	$27M	−153,370	−$27M
ATAT, Atour Lifestyle	0.30%	Exit	$37.59	$23M	−611,570	−$23M
UNH, UnitedHealth Group	0.29%	Exit	$345.29	$22M	−64,603	−$22M
MSCI	0.10%	Exit	$40.58	$7.9M	−194,437	−$7.9M
iShares China Large-Cap ETF	0.04%	Exit	$41.14	$2.9M	−71,000	−$2.9M
RDY, Dr Reddy's Laboratories	0.03%	Exit	$13.98	$2.2M	−159,139	−$2.2M
TCOM, Trip.com	—	Exit	$75.33	$207K	−2,748	−$207K
ADT	—	Exit	$8.69	$95K	−10,929	−$95K

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