← All Managers

Sarah Ketterer

Causeway Capital Management

International value investing

$8.15B

Portfolio Value

107

Holdings

Q1 '26

Period

2026-05-14

Filed

📈 Recent Activity

Changes from previous quarter

AZNCFNEW
17.7% of portfolio
New position
CCLINCREASED
11.8% of portfolio
+9% shares-2.5pp
OLOXFINCREASED
8.9% of portfolio
+76% shares+1.3pp
CPINCREASED
8.5% of portfolio
-30% shares-4.3pp
SWREDUCED
7.6% of portfolio
-19% shares-2.6pp
TSMREDUCED
2.1% of portfolio
-1% shares-0.0pp
BABAREDUCED
1.6% of portfolio
-11% shares-0.8pp
CARRINCREASED
1.5% of portfolio
+14% shares+0.1pp
MRKINCREASED
1.3% of portfolio
-18% shares-0.3pp
GOOGREDUCED
1.2% of portfolio
-9% shares-0.4pp
CTSHREDUCED
1.1% of portfolio
-3% shares-0.6pp
ALKINCREASED
1.1% of portfolio
+74% shares+0.1pp
AUINCREASED
1.1% of portfolio
+107% shares+0.5pp
BCLYFINCREASED
1.1% of portfolio
+9% shares-0.3pp
BAPINCREASED
1.0% of portfolio
+1% shares+0.1pp
METAINCREASED
1.0% of portfolio
+31% shares+0.0pp
AXS-PEINCREASED
1.0% of portfolio
+13% shares-0.0pp
EGINCREASED
1.0% of portfolio
+5% shares-0.1pp
LYVINCREASED
1.0% of portfolio
+18% shares+0.1pp
SAPGFINCREASED
1.0% of portfolio
+82% shares+0.1pp
RLXXFINCREASED
0.9% of portfolio
+94% shares+0.3pp
GFIOFINCREASED
0.9% of portfolio
+1% shares-0.1pp
ZBHINCREASED
0.9% of portfolio
+11% shares
GREDUCED
0.9% of portfolio
-7% shares-0.5pp
CREDUCED
0.9% of portfolio
-9% shares-0.2pp
PHGINCREASED
0.8% of portfolio
+12% shares
BAHINCREASED
0.8% of portfolio
+116% shares+0.4pp
WHRREDUCED
0.8% of portfolio
+58% shares+0.0pp
ADIREDUCED
0.8% of portfolio
-23% shares-0.2pp
CIAINCREASED
0.8% of portfolio
+3% shares-0.0pp
BA-PAINCREASED
0.8% of portfolio
+107% shares+0.3pp
JLLREDUCED
0.7% of portfolio
+213% shares+0.4pp
DISINCREASED
0.7% of portfolio
+3% shares-0.2pp
PFEREDUCED
0.7% of portfolio
-8% shares-0.1pp
BIIBREDUCED
0.6% of portfolio
-46% shares-0.6pp
SNYNFINCREASED
0.6% of portfolio
+0% shares-0.1pp
IRINCREASED
0.6% of portfolio
+5% shares-0.0pp
DEOINCREASED
0.6% of portfolio
+37% shares+0.0pp
APTVINCREASED
0.6% of portfolio
+2% shares-0.1pp
VEAINCREASED
0.6% of portfolio
+75% shares+0.2pp
DTBNEW
0.6% of portfolio
New position
BPPFFINCREASED
0.6% of portfolio
-39% shares-0.2pp
NGGREDUCED
0.6% of portfolio
-24% shares-0.2pp
RBSPFINCREASED
0.5% of portfolio
+88% shares+0.2pp
JOYYREDUCED
0.5% of portfolio
-8% shares-0.2pp
NVOREDUCED
0.5% of portfolio
+18% shares-0.2pp
PAGSREDUCED
0.5% of portfolio
-0% shares-0.0pp
BUDFFREDUCED
0.5% of portfolio
-17% shares-0.1pp
INGREDUCED
0.5% of portfolio
+57% shares+0.1pp
TXNNEW
0.5% of portfolio
New position
TALNEW
0.5% of portfolio
New position
PUKREDUCED
0.5% of portfolio
-12% shares-0.2pp
SNNINCREASED
0.4% of portfolio
+58% shares+0.1pp
BTIINCREASED
0.4% of portfolio
+4% shares-0.0pp
SMININCREASED
0.3% of portfolio
+3% shares-0.1pp
PBRANEW
0.3% of portfolio
New position
INFYREDUCED
0.3% of portfolio
-24% shares-0.3pp
SMFGINCREASED
0.3% of portfolio
+8% shares
GGBREDUCED
0.3% of portfolio
-6% shares-0.1pp
PDDREDUCED
0.3% of portfolio
-36% shares-0.3pp
ZIMINCREASED
0.3% of portfolio
-27% shares-0.1pp
WEIBFREDUCED
0.3% of portfolio
-11% shares-0.1pp
CGAUREDUCED
0.3% of portfolio
-0% shares+0.0pp
INDAINCREASED
0.3% of portfolio
+19% shares-0.0pp
BXPINCREASED
0.2% of portfolio
+40% shares
UNHNEW
0.2% of portfolio
New position
VSOGFNEW
0.2% of portfolio
New position
MLCMFREDUCED
0.2% of portfolio
-3% shares+0.0pp
SHGREDUCED
0.2% of portfolio
-56% shares-0.2pp
VSSREDUCED
0.2% of portfolio
+42% shares+0.0pp
MTREDUCED
0.2% of portfolio
-31% shares-0.1pp
FSMREDUCED
0.2% of portfolio
+45% shares+0.0pp
IDXXREDUCED
0.1% of portfolio
-5% shares-0.1pp
FINVREDUCED
0.1% of portfolio
-13% shares-0.1pp
HDBREDUCED
0.1% of portfolio
-5% shares-0.1pp
CIBNEW
0.1% of portfolio
New position
CLSREDUCED
0.1% of portfolio
-66% shares-0.2pp
TCMEFINCREASED
0.1% of portfolio
-64% shares-0.3pp
QFININCREASED
0.1% of portfolio
-75% shares-0.3pp
EFAREDUCED
<0.1% of portfolio
-55% shares-0.1pp
EWTINCREASED
<0.1% of portfolio
-80% shares-0.1pp
MMYTREDUCED
<0.1% of portfolio
-5% shares-0.0pp
ACWIINCREASED
<0.1% of portfolio
+41% shares
KSANEW
<0.1% of portfolio
New position
EFXTREDUCED
<0.1% of portfolio
-28% shares
WITREDUCED
<0.1% of portfolio
-6% shares
NVDAREDUCED
<0.1% of portfolio
-4% shares
GSKREDUCED
<0.1% of portfolio
-67% shares-0.0pp
SCZNEW
<0.1% of portfolio
New position
VEUINCREASED
<0.1% of portfolio
-57% shares
HAFNNEW
<0.1% of portfolio
New position
VWOINCREASED
<0.1% of portfolio
-88% shares-0.0pp
BINCREASED
<0.1% of portfolio
Sold out position-3.6pp
RNR-PGINCREASED
<0.1% of portfolio
+40% shares
MSFTREDUCED
<0.1% of portfolio
-20% shares
BWLPNEW
<0.1% of portfolio
New position
AVGOINCREASED
<0.1% of portfolio
+2% shares
FIXREDUCED
<0.1% of portfolio
-24% shares
AAPLINCREASED
<0.1% of portfolio
+3% shares
NVSREDUCED
<0.1% of portfolio
-23% shares
ALL-PJNEW
<0.1% of portfolio
New position
AZNCFSOLD
was 1.3%
Sold out position
Filing price: $91.93
GPKSOLD
was 0.9%
Sold out position
Filing price: $15.06
ALLYSOLD
was 0.4%
Sold out position
Filing price: $45.29
VIPSSOLD
was 0.3%
Sold out position
Filing price: $17.69
VALESOLD
was 0.2%
Sold out position
Filing price: $13.03
EWYSOLD
was 0.1%
Sold out position
Filing price: $97.22
MOMOSOLD
was 0.1%
Sold out position
Filing price: $6.55
URTHSOLD
was <0.1%
Sold out position
Filing price: $185.77
EZASOLD
was <0.1%
Sold out position
Filing price: $68.80
GRPUSOLD
was <0.1%
Sold out position
Filing price: $59.61
ASHRSOLD
was <0.1%
Sold out position
Filing price: $32.85
EWZSOLD
was <0.1%
Sold out position
Filing price: $31.77
KEPSOLD
was <0.1%
Sold out position
Filing price: $16.50
PBYISOLD
was <0.1%
Sold out position
Filing price: $5.95

Sold Out (14)

SOLDALLYALLY FINANCIAL INCwas 0.37%@$45.29
SOLDAZNCFASTRAZENECA PLCwas 1.28%@$91.93
SOLDGRPUGRANITE REAL ESTATE INVESTMENT TRUSTwas 0.02%@$59.61
SOLDGPKGRAPHIC PACKAGING HOLDING COwas 0.94%@$15.06
SOLDMOMOHELLO GROUP INCwas 0.08%@$6.55
SOLDEWZISHARES MSCI BRAZIL ETFwas 0.01%@$31.77
SOLDEZAISHARES MSCI SOUTH AFRICA ETFwas 0.02%@$68.80
SOLDEWYISHARES MSCI SOUTH KOREA ETFwas 0.15%@$97.22
SOLDURTHISHARES MSCI WORLD ETFwas 0.03%@$185.77
SOLDKEPKOREA ELECTRIC POWER CORPwas 0.00%@$16.50
SOLDPBYIPUMA BIOTECHNOLOGY INCwas 0.00%@$5.95
SOLDVALEVALE SAwas 0.16%@$13.03
SOLDVIPSVIPSHOP HOLDINGS LTDwas 0.27%@$17.69
SOLDASHRXTRACKERS HARVEST CSI 300 CHINA A-SHARES ETFwas 0.01%@$32.85

📊 Sector Breakdown

Portfolio allocation by sector

Unknown 74.3%Consumer Discretionary 11.8%Technology 6.8%Healthcare 3.7%Communication Services 1.6%+2 more (1.9%)

💼 Holdings

🔍

107 of 107 positions · $8.15B

This quarter: 13 new positions, increased 46, reduced 42, sold 14. Net buyer.

AZNCFNEW
17.7%
17.7% of portfolio (new position)
Filed ~$194
—📄
CCLINCREASED
11.8%
11.8% of portfolio (was 14.3%, added)
Filed ~$26
—📄
OLOXFINCREASED
8.9%
8.9% of portfolio (was 7.6%, added)
Filed ~$29
—📄
CPINCREASED
8.5%
8.5% of portfolio (was 12.8%, added)
Filed ~$78
—📄
SWREDUCED
7.6%
7.6% of portfolio (was 10.2%, trimmed)
Filed ~$40
—📄
TSMREDUCED
2.1%
2.1% of portfolio (was 2.1%, trimmed)
Filed ~$338
—📄
BABAREDUCED
1.6%
1.6% of portfolio (was 2.4%, trimmed)
Filed ~$125
—📄
CARRINCREASED
1.5%
1.5% of portfolio (was 1.3%, added)
Filed ~$56
—📄
MRKINCREASED
1.3%
1.3% of portfolio (was 1.5%, added)
Filed ~$120
—📄
GOOGREDUCED
1.2%
1.2% of portfolio (was 1.6%, trimmed)
Filed ~$287
—📄
CTSHREDUCED
1.1%
1.1% of portfolio (was 1.8%, trimmed)
Filed ~$61
—📄
ALKINCREASED
1.1%
1.1% of portfolio (was 1.0%, added)
Filed ~$37
—📄
AUINCREASED
1.1%
1.1% of portfolio (was 0.5%, added)
Filed ~$96
—📄
BCLYFINCREASED
1.1%
1.1% of portfolio (was 1.3%, added)
Filed ~$21
—📄
BAPINCREASED
1.0%
1.0% of portfolio (was 1.0%, added)
Filed ~$339
—📄
METAINCREASED
1.0%
1.0% of portfolio (was 1.0%, added)
Filed ~$572
—📄
AXS-PEINCREASED
1.0%
1.0% of portfolio (was 1.1%, added)
Filed ~$101
—📄
EGINCREASED
1.0%
1.0% of portfolio (was 1.1%, added)
Filed ~$327
—📄
LYVINCREASED
1.0%
1.0% of portfolio (was 0.9%, added)
Filed ~$153
—📄
SAPGFINCREASED
1.0%
1.0% of portfolio (was 0.8%, added)
Filed ~$171
—📄
RLXXFINCREASED
0.9%
0.9% of portfolio (was 0.7%, added)
Filed ~$33
—📄
GFIOFINCREASED
0.9%
0.9% of portfolio (was 1.0%, added)
Filed ~$45
—📄
ZBHINCREASED
0.9%
0.9% of portfolio (was 0.9%, added)
Filed ~$90
—📄
GREDUCED
0.9%
0.9% of portfolio (was 1.3%, trimmed)
Filed ~$37
—📄
CREDUCED
0.9%
0.9% of portfolio (was 1.1%, trimmed)
Filed ~$113
—📄
1–25 of 107

🚫 Sold Out (14 positions)

SOLDALLYALLY FINANCIAL INCwas 0.37%@$45.29600850 shares · $27.2M
SOLDAZNCFASTRAZENECA PLCwas 1.28%@$91.931010898 shares · $92.9M
SOLDGRPUGRANITE REAL ESTATE INVESTMENT TRUSTwas 0.02%@$59.6123700 shares · $1.4M
SOLDGPKGRAPHIC PACKAGING HOLDING COwas 0.94%@$15.064528554 shares · $68.2M
SOLDMOMOHELLO GROUP INCwas 0.08%@$6.55889397 shares · $5.8M
SOLDEWZISHARES MSCI BRAZIL ETFwas 0.01%@$31.7713800 shares · $438K
SOLDEZAISHARES MSCI SOUTH AFRICA ETFwas 0.02%@$68.8022500 shares · $1.5M
SOLDEWYISHARES MSCI SOUTH KOREA ETFwas 0.15%@$97.22110800 shares · $10.8M
SOLDURTHISHARES MSCI WORLD ETFwas 0.03%@$185.7710631 shares · $2.0M
SOLDKEPKOREA ELECTRIC POWER CORPwas 0.00%@$16.5011202 shares · $185K
SOLDPBYIPUMA BIOTECHNOLOGY INCwas 0.00%@$5.9513310 shares · $79K
SOLDVALEVALE SAwas 0.16%@$13.03904000 shares · $11.8M
SOLDVIPSVIPSHOP HOLDINGS LTDwas 0.27%@$17.691089598 shares · $19.3M
SOLDASHRXTRACKERS HARVEST CSI 300 CHINA A-SHARES ETFwas 0.01%@$32.8528800 shares · $946K