What Sarah Ketterer Bought in Q2 2025
Causeway Capital Management · Quarterly 13F recap as filed with the SEC.
Period: 2025-06-30 · Filed · Historical
$6.32B
Total Value
99
Holdings
18
New Buys
34
Reduced
In Q2 2025, Sarah Ketterer reported 99 long equity positions worth $6.32B in their Causeway Capital Management 13F filing, including 18 new positions (largest: BARRICK MINING CORP at $366.7M) and 42 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | CP | CANADIAN PACIFIC KANSAS CITY LTD | 14680499 | $1.16B | 18.42% | -14.7% |
| 2 | CCL | CARNIVAL CORP | 29128074 | $819.1M | 12.96% | +9.6% |
| 3 | DB | DEUTSCHE BANK AG | 19315143 | $570.4M | 9.03% | +1176.2% |
| 4 | B | BARRICK MINING CORP | 17653416 | $366.7M | 5.80% | NEW |
| 5 | SW | SMURFIT WESTROCK PLC | 7015694 | $302.7M | 4.79% | +160.4% |
| 6 | BABA | ALIBABA GROUP HOLDING LTD | 1242469 | $140.9M | 2.23% | -8.4% |
| 7 | GOOG | ALPHABET INC | 721546 | $128.0M | 2.03% | +3.5% |
| 8 | TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 517815 | $117.3M | 1.86% | -0.4% |
| 9 | C | CITIGROUP INC | 1259978 | $107.2M | 1.70% | -6.7% |
| 10 | CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CORP | 1181358 | $92.2M | 1.46% | 28.7% |
| 11 | BCLYF | BARCLAYS PLC | 4664178 | $86.7M | 1.37% | +3.4% |
| 12 | ADI | ANALOG DEVICES INC | 355604 | $84.6M | 1.34% | -16.1% |
| 13 | MRK | MERCK & CO INC | 982660 | $77.8M | 1.23% | +9.4% |
| 14 | DIS | WALT DISNEY CO/THE | 623677 | $77.3M | 1.22% | -34.6% |
| 15 | META | META PLATFORMS INC | 95570 | $70.5M | 1.12% | +-9.4% |
| 16 | AZNN | ASTRAZENECA PLC | 953448 | $66.6M | 1.05% | +11.1% |
| 17 | AXS | AXIS CAPITAL HOLDINGS LTD | 634981 | $65.9M | 1.04% | -12.7% |
| 18 | G | GENPACT LTD | 1431171 | $63.0M | 1.00% | 51.5% |
| 19 | BIIB | BIOGEN INC | 493355 | $62.0M | 0.98% | +13.8% |
| 20 | ORCL | ORACLE CORP | 277286 | $60.6M | 0.96% | -43.6% |
| 21 | JD | JD.COM INC | 1854381 | $60.5M | 0.96% | +3.2% |
| 22 | NTES | NETEASE INC | 441494 | $59.4M | 0.94% | NEW |
| 23 | QFIN | QIFU TECHNOLOGY INC | 1314163 | $57.0M | 0.90% | +0.5% |
| 24 | ZBH | ZIMMER BIOMET HOLDINGS INC | 578238 | $52.7M | 0.83% | -28.2% |
| 25 | APTV | APTIV PLC | 718696 | $49.0M | 0.78% | -16.5% |
| 26 | BP | BP PLC | 1620639 | $48.5M | 0.77% | +1.5% |
| 27 | PFE | PFIZER INC | 1963312 | $47.6M | 0.75% | -3.0% |
| 28 | CFG | CITIZENS FINANCIAL GROUP INC | 1032974 | $46.2M | 0.73% | +2.9% |
| 29 | XP | XP INC | 2280437 | $46.1M | 0.73% | NEW |
| 30 | IFF | INTERNATIONAL FLAVORS & FRAGRANCES INC | 622703 | $45.8M | 0.72% | NEW |
| 31 | BUDFF | ANHEUSER-BUSCH INBEV SA/NV | 647477 | $44.5M | 0.70% | -6.4% |
| 32 | PHG | KONINKLIJKE PHILIPS NV | 1850995 | $44.4M | 0.70% | +20.8% |
| 33 | WHR | WHIRLPOOL CORP | 433543 | $44.0M | 0.70% | +19.2% |
| 34 | DEO | DIAGEO PLC | 430710 | $43.4M | 0.69% | +40.4% |
| 35 | BAP | CREDICORP LTD | 192758 | $43.1M | 0.68% | 253.5% |
| 36 | GSK | GSK plc | 1107076 | $42.5M | 0.67% | -0.1% |
| 37 | SNY | SANOFI SA | 839639 | $40.6M | 0.64% | +21.1% |
| 38 | PUK | PRUDENTIAL PLC | 1597829 | $40.0M | 0.63% | -32.1% |
| 39 | PCG | PG&E CORP | 2737515 | $38.2M | 0.60% | +6.6% |
| 40 | JOYY | JOYY INC | 731870 | $37.3M | 0.59% | 733.7% |
| 41 | TME | TENCENT MUSIC ENTERTAINMENT GROUP | 1903885 | $37.1M | 0.59% | 209.5% |
| 42 | AU | ANGLOGOLD ASHANTI PLC | 788151 | $35.5M | 0.56% | +105.5% |
| 43 | JLL | JONES LANG LASALLE INC | 137057 | $35.1M | 0.55% | -2.4% |
| 44 | SAP | SAP SE | 115049 | $35.0M | 0.55% | -25.8% |
| 45 | SE | SEA LTD | 212331 | $34.0M | 0.54% | +6.9% |
| 46 | ING | ING GROEP NV | 1540694 | $33.7M | 0.53% | +5.5% |
| 47 | LYV | LIVE NATION ENTERTAINMENT INC | 219457 | $33.2M | 0.53% | -25.5% |
| 48 | GFIOF | GOLD FIELDS LTD | 1353653 | $32.0M | 0.51% | NEW |
| 49 | RLXXF | RELX PLC | 482845 | $26.2M | 0.42% | +6.3% |
| 50 | PAGS | PAGSEGURO DIGITAL LTD | 2691538 | $25.9M | 0.41% | NEW |
| 51 | WEIBF | WEIBO CORP | 2643718 | $25.2M | 0.40% | +17.2% |
| 52 | SNN | SMITH & NEPHEW PLC | 821008 | $25.1M | 0.40% | +35.2% |
| 53 | BTI | BRITISH AMERICAN TOBACCO PLC | 530599 | $25.1M | 0.40% | -12.9% |
| 54 | SHG | SHINHAN FINANCIAL GROUP CO LTD | 550138 | $24.9M | 0.39% | +7.9% |
| 55 | MT | ARCELORMITTAL SA | 776702 | $24.5M | 0.39% | +10.3% |
| 56 | NVO | NOVO NORDISK A/S | 353884 | $24.4M | 0.39% | NEW |
| 57 | NGG | NATIONAL GRID PLC | 315994 | $23.5M | 0.37% | NEW |
| 58 | ALLY | ALLY FINANCIAL INC | 603036 | $23.5M | 0.37% | -7.4% |
| 59 | FINV | FINVOLUTION GROUP | 2351203 | $22.3M | 0.35% | +2.9% |
| 60 | ATAT | ATOUR LIFESTYLE HOLDINGS LTD | 672784 | $21.9M | 0.35% | +4.7% |
| 61 | IR | INGERSOLL RAND INC | 262774 | $21.9M | 0.35% | NEW |
| 62 | MOMO | HELLO GROUP INC | 2346224 | $19.8M | 0.31% | +12.3% |
| 63 | CLS | CELESTICA INC | 124587 | $19.4M | 0.31% | -14.8% |
| 64 | BXP | BXP INC | 272795 | $18.4M | 0.29% | NEW |
| 65 | KEP | KOREA ELECTRIC POWER CORP | 1220320 | $17.2M | 0.27% | NEW |
| 66 | GPK | GRAPHIC PACKAGING HOLDING CO | 740479 | $15.6M | 0.25% | NEW |
| 67 | IBN | ICICI Bank | 444660 | $15.0M | 0.24% | +0.4% |
| 68 | HDB | HDFC BANK LTD | 187589 | $14.4M | 0.23% | +46.8% |
| 69 | VEA | Vanguard FTSE Developed Markets ETF | 245142 | $14.0M | 0.22% | -39.6% |
| 70 | INDA | ISHARES MSCI INDIA ETF | 217240 | $12.1M | 0.19% | +51.7% |
| 71 | KSA | ISHARES MSCI SAUDI ARABIA ETF | 310751 | $12.0M | 0.19% | -1.5% |
| 72 | MELI | MERCADOLIBRE INC | 4525 | $11.8M | 0.19% | NEW |
| 73 | VIPS | VIPSHOP HOLDINGS LTD | 782518 | $11.8M | 0.19% | +7.7% |
| 74 | ZIM | ZIM INTEGRATED SHIPPING SERVICES LTD | 711364 | $11.4M | 0.18% | +4.8% |
| 75 | SMIN | ISHARES MSCI INDIA SMALL-CAP ETF | 137008 | $10.6M | 0.17% | 61.6% |
| 76 | RBSPF | NATWEST GROUP PLC | 629470 | $8.9M | 0.14% | -17.7% |
| 77 | SNX | TD SYNNEX CORP | 62872 | $8.5M | 0.14% | +-52.1% |
| 78 | VSS | VANGUARD FTSE ALL WORLD EX-US SMALL-CAP ETF | 61586 | $8.3M | 0.13% | -2.0% |
| 79 | MMYT | MAKEMYTRIP LTD | 83521 | $8.2M | 0.13% | +10.4% |
| 80 | GGB | GERDAU SA | 2670178 | $7.8M | 0.12% | — |
| 81 | INFY | INFOSYS LTD | 283927 | $5.3M | 0.08% | +-89.2% |
| 82 | IQ | IQIYI INC | 2896200 | $5.1M | 0.08% | — |
| 83 | CGAU | CENTERRA GOLD INC | 635501 | $4.6M | 0.07% | NEW |
| 84 | SMFG | SUMITOMO MITSUI FINANCIAL GROUP INC | 301796 | $4.6M | 0.07% | NEW |
| 85 | RDY | DR REDDY'S LABORATORIES LTD | 159139 | $2.4M | 0.04% | +10.2% |
| 86 | WIT | WIPRO LTD | 475731 | $1.4M | 0.02% | -2.7% |
| 87 | ACWI | ISHARES MSCI ACWI ETF | 8460 | $1.1M | 0.02% | +-27.1% |
| 88 | EFA | iShares MSCI EAFE ETF | 7064 | $631K | 0.01% | +9.7% |
| 89 | VEU | VANGUARD FTSE ALL-WORLD EX-US ETF | 8926 | $600K | 0.01% | +32.0% |
| 90 | NVDA | NVIDIA CORP | 3631 | $574K | 0.01% | -12.0% |
| 91 | JBS | JBS NV | 34350 | $502K | 0.01% | NEW |
| 92 | MSFT | MICROSOFT CORP | 940 | $468K | 0.01% | — |
| 93 | VWO | Vanguard FTSE Emerging Markets ETF | 7149 | $354K | 0.01% | +-76.6% |
| 94 | BTG | B2GOLD CORP | 94491 | $341K | 0.01% | — |
| 95 | NVS | NOVARTIS AG | 2084 | $252K | 0.00% | -50.8% |
| 96 | BKNG | BOOKING HOLDINGS INC | 37 | $214K | 0.00% | NEW |
| 97 | AAPL | APPLE INC | 1003 | $206K | 0.00% | -0.2% |
| 98 | INN | SUMMIT HOTEL PROPERTIES INC | 15652 | $80K | 0.00% | NEW |
| 99 | PBYI | PUMA BIOTECHNOLOGY INC | 14095 | $48K | 0.00% | — |