Sarah Ketterer — Causeway Capital ManagementSuperinvestor
About Sarah Ketterer — Causeway Capital Management’s 13F portfolio
Sarah Ketterer — Causeway Capital Management is an institutional investment manager that discloses its US-listed holdings each quarter through an SEC Form 13F filing. As of , Sarah Ketterer — Causeway Capital Management reported $9.2B across 122 US-listed positions (). Its largest position is ASTRAZENECA PLC (AZN) at 19% of the reported book, and its ten biggest holdings make up 65% of the portfolio. Browse every manager in the fund managers directory, or see the legendary investors we track on the superinvestors page.
| # | Stock | Price | % of portfolio | Shares | Value |
|---|---|---|---|---|---|
| 1 |  NASDAQ: AZN ASTRAZENECA PLC | $166.27 −2.00% | 19% | 9.4M | $1.8B |
| 2 |  NYSE: CCL CARNIVAL CORP LTD | $25.59 −2.10% | 13% | 41.2M | $1.2B |
| 3 |  NYSE: DB DEUTSCHE BANK AG | $40.23 +3.05% | 11% | 29.4M | $994.2M |
| 4 |  NYSE: SW SMURFIT WESTROCK PLC | $49.56 +0.26% | 7.5% | 15.0M | $695.7M |
| 5 |  NYSE: CP CANADIAN PACIFIC KANSAS CITY LTD | $94.71 +0.39% | 6.3% | 6.7M | $581.7M |
| 6 |  NYSE: TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $417.69 +0.07% | 2.8% | 532K | $254.1M |
| 7 |  NYSE: ALK ALASKA AIR GROUP INC | $43.00 −0.76% | 1.8% | 3.2M | $166.2M |
| 8 |  NYSE: CARR CARRIER GLOBAL CORP | $58.74 +0.38% | 1.7% | 2.2M | $159.8M |
| 9 |  NYSE: LYV LIVE NATION ENTERTAINMENT INC | $182.64 −2.21% | 1.4% | 706K | $129.3M |
| 10 |  NYSE: MRK MERCK & CO INC | $153.10 −2.14% | 1.3% | 955K | $122.7M |
| 11 |  NASDAQ: META META PLATFORMS INC | $576.14 +1.07% | 1.2% | 201K | $113.5M |
| 12 |  NASDAQ: GOOG ALPHABET INC | $339.10 −1.23% | 1.2% | 316K | $111.7M |
| 13 |  NYSE: BCS BARCLAYS PLC | $27.13 −0.37% | 1.2% | 4.0M | $106.8M |
| 14 |  NYSE: BAP CREDICORP LTD | $382.55 −0.20% | 1.1% | 255K | $99.5M |
| 15 |  NYSE: SAP SAP SE | $211.68 −2.42% | 1.1% | 630K | $97.1M |
| 16 |  NYSE: BABA ALIBABA GROUP HOLDING LTD | $119.83 +0.33% | 1.0% | 995K | $95.5M |
| 17 |  NYSE: AXS AXIS CAPITAL HOLDINGS LTD | $100.01 +0.60% | 1.0% | 860K | $92.4M |
| 18 |  NYSE: EG EVEREST GROUP LTD | $379.78 +1.17% | 1.0% | 253K | $90.3M |
| 19 |  NYSE: IR INGERSOLL RAND INC | $79.97 +1.78% | 0.9% | 1.0M | $84.8M |
| 20 |  NYSE: PHG KONINKLIJKE PHILIPS NV | $26.99 −1.60% | 0.9% | 3.1M | $83.3M |
| 21 |  NYSE: NVO NOVO NORDISK A/S | $47.19 −3.02% | 0.9% | 1.7M | $80.4M |
| 22 |  NYSE: JLL JONES LANG LASALLE INC | $386.08 −1.71% | 0.8% | 248K | $76.9M |
| 23 |  NYSE: CFG CITIZENS FINANCIAL GROUP INC | $70.49 +0.95% | 0.8% | 1.1M | $75.5M |
| 24 |  NASDAQ: NTES NETEASE INC | $123.43 −4.17% | 0.8% | 572K | $73.3M |
| 25 |  NYSE: DEO DIAGEO PLC | $93.67 −1.14% | 0.8% | 899K | $72.3M |
Showing 1–25 of 122 positions on this page reported in this 13F.
- Healthcare26%
- Consumer Cyclical22%
- Financial Services19%
- Industrials13%
- Technology5.9%
- Communication Services5.3%
- Basic Materials2.0%
- Consumer Defensive1.6%
- Real Estate1.1%
- Utilities1.1%
- Energy0.5%
- AddedAZNASTRAZENECA PLC+26.1%$1.8B
- NewCCLCARNIVAL CORP LTD—$1.2B
- AddedDBDEUTSCHE BANK AG+17.6%$994.2M
- AddedTSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD+4.6%$254.1M
- AddedALKALASKA AIR GROUP INC+27.2%$166.2M
- AddedCARRCARRIER GLOBAL CORP+3.6%$159.8M
- AddedLYVLIVE NATION ENTERTAINMENT INC+34.2%$129.3M
- AddedMRKMERCK & CO INC+11.8%$122.7M
- AddedMETAMETA PLATFORMS INC+39.1%$113.5M
- AddedBAPCREDICORP LTD+4.2%$99.5M
- ReducedSWSMURFIT WESTROCK PLC−3.4%$695.7M
- ReducedCPCANADIAN PACIFIC KANSAS CITY LTD−23.7%$581.7M
- ReducedGOOGALPHABET INC−6.2%$111.7M
- ReducedBCSBARCLAYS PLC−2.4%$106.8M
- ReducedBABAALIBABA GROUP HOLDING LTD−6.9%$95.5M
- ReducedZBHZIMMER BIOMET HOLDINGS INC−2.4%$67.9M
- ReducedBABOEING CO/THE−0.3%$67.8M
- ReducedCCITIGROUP INC−27.7%$64.2M
- ReducedBIIBBIOGEN INC−0.9%$60.1M
- ReducedADIANALOG DEVICES INC−29.6%$56.4M
Reading Sarah Ketterer — Causeway Capital Management’s 13F portfolio
Sarah Ketterer — Causeway Capital Management’s $9.2B 13F book is spread across 122 reported positions and is highly concentrated — its ten largest positions alone are 65% of the portfolio. A book this concentrated means a small group of names drives most of its performance. Its five largest positions are AZN, CCL, DB, SW and CP, led by ASTRAZENECA PLC (AZN) at 19% of the portfolio. The heaviest sector exposure is Healthcare (26%), then Consumer Cyclical (22%).
What Sarah Ketterer — Causeway Capital Management changed last quarter
Between 2026-03-31 and Q2 2026, Sarah Ketterer — Causeway Capital Management was a net buyer: it opened 23 new positions and added to 48 more, while trimming 46 and closing 8 outright. Against a 122-name book, that is high turnover, pointing to an active reshuffle of the book. Its largest new or increased position was ASTRAZENECA PLC (AZN), and its biggest reduction was SMURFIT WESTROCK PLC (SW).
What a 13F does and doesn’t reveal
A 13F captures only Sarah Ketterer — Causeway Capital Management’s long positions in US-listed stocks at a single quarter-end, so it is best read as a lagged snapshot rather than a live portfolio. It won’t show shorts, cash, bonds, or holdings listed outside the US, and it never reveals the price paid or the reasoning behind a trade. The signal is in the pattern over time: which names Sarah Ketterer — Causeway Capital Management is building up, trimming, or exiting, and how concentrated the book stays from quarter to quarter.
Frequently asked questions
What is an SEC 13F filing?
A Form 13F is a report that every institutional investment manager with at least $100 million in US-listed securities must file with the SEC within 45 days of each quarter's end. It lists the manager's long positions in US-listed stocks and certain options, with the share count and market value of each. Sarah Ketterer — Causeway Capital Management's profile on this page is built directly from those filings.
How current is the 13F data on Sarah Ketterer — Causeway Capital Management's page?
It reflects Sarah Ketterer — Causeway Capital Management's most recently filed 13F, currently the quarter ending Q2 2026. Because managers have up to 45 days after a quarter closes to file, a 13F is always a slightly lagged view rather than a live portfolio. When Sarah Ketterer — Causeway Capital Management files its next quarterly report, this page refreshes automatically.
Can I see Sarah Ketterer — Causeway Capital Management's complete list of holdings?
This page highlights Sarah Ketterer — Causeway Capital Management's largest positions rather than all 122 names in the filing. The complete, position-by-position 13F is public and available from the SEC's EDGAR database under Sarah Ketterer — Causeway Capital Management's filings.
Does a 13F show everything Sarah Ketterer — Causeway Capital Management owns?
No. A 13F only covers long positions in US-listed stocks and certain options. It leaves out short positions, cash, bonds, commodities, foreign-listed stocks, and private holdings, so it is a partial view of Sarah Ketterer — Causeway Capital Management's book rather than its full strategy or total assets.
Is 13F data investment advice?
No. Everything here is educational. 13F positions are disclosed with a delay, cover only long US-listed holdings, and never explain why Sarah Ketterer — Causeway Capital Management made a trade or at what price. Treat it as a research lens, not a recommendation, and speak with a licensed financial advisor before making investment decisions.
Not investment advice. Holdings data comes from public SEC Form 13F filings, which are filed with a delay of up to 45 days and may be amended later. It describes historical, disclosed positions in US-listed securities only, meaning no shorts, cash, or foreign holdings, and it is not a recommendation. Always do your own research and speak with a licensed financial advisor before making investment decisions.