# Sarah Ketterer — Causeway Capital Management

Source: SEC EDGAR 13F filings (CIK 0001165797).
Page URL: https://superinvestorclub.com/manager/293
Last updated: 2026-07-08T11:29:25.403Z

## Summary

As of the 2026-03-31 reporting period (filed 2026-05-14), Sarah Ketterer reported 107 long equity positions in their Causeway Capital Management 13F filing, with a total reported value of $8.15B.

### About

International value investing

## Top 25 holdings

| Rank | Ticker | Company | Shares | Value | % of Portfolio | Change |
|------|--------|---------|--------|-------|----------------|--------|
| 1 | AZNCF | ASTRAZENECA PLC | 7421749 | $1.44B | 17.66% | NEW |
| 2 | CCL | CARNIVAL CORP | 37096593 | $960.1M | 11.79% | +9.3% |
| 3 | OLOXF | DEUTSCHE BANK AG | 24962034 | $723.3M | 8.88% | +75.9% |
| 4 | CP | CANADIAN PACIFIC KANSAS CITY LTD | 8792381 | $689.9M | 8.47% | +-30.2% |
| 5 | SW | SMURFIT WESTROCK PLC | 15566028 | $620.3M | 7.61% | -18.6% |
| 6 | TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 508471 | $171.8M | 2.11% | -0.6% |
| 7 | BABA | ALIBABA GROUP HOLDING LTD | 1068890 | $134.1M | 1.65% | -11.2% |
| 8 | CARR | CARRIER GLOBAL CORP | 2102878 | $118.4M | 1.45% | +13.7% |
| 9 | MRK | MERCK & CO INC | 854212 | $102.8M | 1.26% | +-18.2% |
| 10 | GOOG | ALPHABET INC | 337298 | $96.8M | 1.19% | -8.8% |
| 11 | CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CORP | 1504253 | $92.3M | 1.13% | -3.1% |
| 12 | ALK | ALASKA AIR GROUP INC | 2502211 | $92.0M | 1.13% | +74.4% |
| 13 | AU | ANGLOGOLD ASHANTI PLC | 898816 | $86.2M | 1.06% | +107.0% |
| 14 | BCLYF | BARCLAYS PLC | 4074067 | $86.2M | 1.06% | +8.6% |
| 15 | BAP | CREDICORP LTD | 245113 | $83.1M | 1.02% | +1.3% |
| 16 | META | META PLATFORMS INC | 144799 | $82.8M | 1.02% | +31.2% |
| 17 | AXS-PE | AXIS CAPITAL HOLDINGS LTD | 815794 | $82.7M | 1.02% | +13.1% |
| 18 | EG | EVEREST GROUP LTD | 250008 | $81.7M | 1.00% | +4.8% |
| 19 | LYV | LIVE NATION ENTERTAINMENT INC | 526418 | $80.3M | 0.99% | +17.7% |
| 20 | SAPGF | SAP SE | 456005 | $78.1M | 0.96% | +81.9% |
| 21 | RLXXF | RELX PLC | 2306409 | $76.5M | 0.94% | +93.9% |
| 22 | GFIOF | GOLD FIELDS LTD | 1634170 | $74.2M | 0.91% | +0.8% |
| 23 | ZBH | ZIMMER BIOMET HOLDINGS INC | 808110 | $73.1M | 0.90% | +10.9% |
| 24 | G | GENPACT LTD | 1948677 | $72.6M | 0.89% | -6.5% |
| 25 | C | CITIGROUP INC | 634931 | $72.0M | 0.88% | -9.0% |

## New positions this quarter (13)

- AZNCF (ASTRAZENECA PLC): 7421749 shares, $1.44B
- DTB (DTE ENERGY CO): 322015 shares, $47.1M
- TXN (TEXAS INSTRUMENTS INC): 206214 shares, $40.0M
- TAL (TAL EDUCATION GROUP): 3478417 shares, $39.5M
- PBRA (PETROLEO BRASILEIRO SA - PETROBRAS): 1495664 shares, $28.0M
- UNH (UNITEDHEALTH GROUP INC): 71864 shares, $19.4M
- VSOGF (VISTA ENERGY SAB DE CV): 220918 shares, $16.7M
- CIB (GRUPO CIBEST SA): 132364 shares, $9.6M
- KSA (ISHARES MSCI SAUDI ARABIA ETF): 52898 shares, $2.1M
- SCZ (ISHARES MSCI EAFE SMALL-CAP ETF): 7100 shares, $556,711
- HAFN (HAFNIA LTD): 54367 shares, $416,252
- BWLP (BW LPG LTD): 15291 shares, $268,744
- ALL-PJ (ALLSTATE CORP/THE): 1005 shares, $208,377

## Increased positions (46)

- CCL: 37096593 shares (+9.3%), $960.1M
- OLOXF: 24962034 shares (+75.9%), $723.3M
- CP: 8792381 shares (-30.2%), $689.9M
- CARR: 2102878 shares (+13.7%), $118.4M
- MRK: 854212 shares (-18.2%), $102.8M
- ALK: 2502211 shares (+74.4%), $92.0M
- AU: 898816 shares (+107.0%), $86.2M
- BCLYF: 4074067 shares (+8.6%), $86.2M
- BAP: 245113 shares (+1.3%), $83.1M
- META: 144799 shares (+31.2%), $82.8M
- AXS-PE: 815794 shares (+13.1%), $82.7M
- EG: 250008 shares (+4.8%), $81.7M
- LYV: 526418 shares (+17.7%), $80.3M
- SAPGF: 456005 shares (+81.9%), $78.1M
- RLXXF: 2306409 shares (+93.9%), $76.5M
- GFIOF: 1634170 shares (+0.8%), $74.2M
- ZBH: 808110 shares (+10.9%), $73.1M
- PHG: 2456190 shares (+11.7%), $67.3M
- BAH: 857462 shares (+116.3%), $66.9M
- CIA: 1048526 shares (+3.4%), $62.9M

## Reduced positions (42)

- SW: 15566028 shares (-18.6%), $620.3M
- TSM: 508471 shares (-0.6%), $171.8M
- BABA: 1068890 shares (-11.2%), $134.1M
- GOOG: 337298 shares (-8.8%), $96.8M
- CTSH: 1504253 shares (-3.1%), $92.3M
- G: 1948677 shares (-6.5%), $72.6M
- C: 634931 shares (-9.0%), $72.0M
- WHR: 1201993 shares (57.9%), $64.8M
- ADI: 201819 shares (-23.3%), $64.2M
- JLL: 186274 shares (213.3%), $56.7M
- PFE: 1914219 shares (-8.5%), $53.8M
- BIIB: 280783 shares (-46.1%), $51.5M
- NGG: 538761 shares (-24.1%), $45.6M
- JOYY: 750751 shares (-7.6%), $43.8M
- NVO: 1174213 shares (18.1%), $43.2M
- PAGS: 4044350 shares (-0.0%), $40.5M
- BUDFF: 580131 shares (-17.3%), $40.2M
- ING: 1537748 shares (56.6%), $40.1M
- PUK: 1321151 shares (-12.4%), $37.6M
- INFY: 1896488 shares (-23.6%), $25.6M

## Sold positions (14)

- AZNCF: previously held 1010898 shares worth $92.9M
- GPK: previously held 4528554 shares worth $68.2M
- ALLY: previously held 600850 shares worth $27.2M
- VIPS: previously held 1089598 shares worth $19.3M
- VALE: previously held 904000 shares worth $11.8M
- EWY: previously held 110800 shares worth $10.8M
- MOMO: previously held 889397 shares worth $5.8M
- URTH: previously held 10631 shares worth $2.0M
- EZA: previously held 22500 shares worth $1.5M
- GRPU: previously held 23700 shares worth $1.4M
- ASHR: previously held 28800 shares worth $946,080
- EWZ: previously held 13800 shares worth $438,426
- KEP: previously held 11202 shares worth $184,835
- PBYI: previously held 13310 shares worth $79,195

## Filing history (5)

- 2026-03-31 (filed 2026-05-14)
- 2025-12-31 (filed 2026-02-13)
- 2025-09-30 (filed 2025-11-13)
- 2025-06-30 (filed 2025-08-13)
- 2025-03-31 (filed 2025-05-14)

## Citation

When citing, use: "Sarah Ketterer, Causeway Capital Management, SEC 13F filing for period 2026-03-31, via Superinvestor (https://superinvestorclub.com/manager/293)".