What Sarah Ketterer Bought in Q3 2025
Causeway Capital Management · Quarterly 13F recap as filed with the SEC.
Period: 2025-09-30 · Filed · Historical
$7.57B
Total Value
105
Holdings
14
New Buys
35
Reduced
In Q3 2025, Sarah Ketterer reported 105 long equity positions worth $7.57B in their Causeway Capital Management 13F filing, including 14 new positions (largest: CARRIER GLOBAL CORP at $87.5M) and 49 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | CP | CANADIAN PACIFIC KANSAS CITY LTD | 13522873 | $1.01B | 13.31% | -7.9% |
| 2 | CCL | CARNIVAL CORP | 31912001 | $922.6M | 12.19% | +9.6% |
| 3 | DB | DEUTSCHE BANK AG | 17618765 | $620.2M | 8.19% | -8.8% |
| 4 | B | BARRICK MINING CORP | 15694240 | $514.6M | 6.80% | -11.1% |
| 5 | EFA | iShares MSCI EAFE ETF | 4959667 | $463.1M | 6.12% | 70110.5% |
| 6 | SW | SMURFIT WESTROCK PLC | 7522983 | $320.3M | 4.23% | +7.2% |
| 7 | BABA | ALIBABA GROUP HOLDING LTD | 1231464 | $220.1M | 2.91% | -0.9% |
| 8 | GOOG | ALPHABET INC | 632158 | $154.0M | 2.03% | -12.4% |
| 9 | TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 507751 | $141.8M | 1.87% | -1.9% |
| 10 | C | CITIGROUP INC | 998078 | $101.3M | 1.34% | +-20.8% |
| 11 | NTES | NETEASE INC | 638315 | $97.0M | 1.28% | +44.6% |
| 12 | MRK | MERCK & CO INC | 1134057 | $95.2M | 1.26% | 15.4% |
| 13 | CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CORP | 1350178 | $90.6M | 1.20% | +14.3% |
| 14 | BCLYF | BARCLAYS PLC | 4352949 | $90.0M | 1.19% | -6.7% |
| 15 | CARR | CARRIER GLOBAL CORP | 1466481 | $87.5M | 1.16% | NEW |
| 16 | AZNN | ASTRAZENECA PLC | 1067371 | $81.9M | 1.08% | 11.9% |
| 17 | AXS | AXIS CAPITAL HOLDINGS LTD | 836861 | $80.2M | 1.06% | +31.8% |
| 18 | BIIB | BIOGEN INC | 567518 | $79.5M | 1.05% | +15.0% |
| 19 | G | GENPACT LTD | 1878432 | $78.7M | 1.04% | +31.3% |
| 20 | ADI | ANALOG DEVICES INC | 302272 | $74.3M | 0.98% | -15.0% |
| 21 | DIS | WALT DISNEY CO/THE | 595915 | $68.2M | 0.90% | -4.5% |
| 22 | GFIOF | GOLD FIELDS LTD | 1543015 | $64.7M | 0.86% | +14.0% |
| 23 | META | META PLATFORMS INC | 86917 | $63.8M | 0.84% | -9.1% |
| 24 | APTV | APTIV PLC | 722843 | $62.3M | 0.82% | +0.6% |
| 25 | EG | EVEREST GROUP LTD | 175686 | $61.5M | 0.81% | NEW |
| 26 | CFG | CITIZENS FINANCIAL GROUP INC | 1090060 | $57.9M | 0.77% | +5.5% |
| 27 | BAP | CREDICORP LTD | 215628 | $57.4M | 0.76% | +11.9% |
| 28 | ZBH | ZIMMER BIOMET HOLDINGS INC | 581779 | $57.3M | 0.76% | +0.6% |
| 29 | INDA | ISHARES MSCI INDIA ETF | 1054005 | $54.9M | 0.72% | 385.2% |
| 30 | BP | BP PLC | 1583385 | $54.6M | 0.72% | -2.3% |
| 31 | TME | TENCENT MUSIC ENTERTAINMENT GROUP | 2287718 | $53.4M | 0.71% | +20.2% |
| 32 | PHG | KONINKLIJKE PHILIPS NV | 1958112 | $53.4M | 0.71% | +5.8% |
| 33 | PFE | PFIZER INC | 2072047 | $52.8M | 0.70% | +5.5% |
| 34 | SAP | SAP SE | 193748 | $51.8M | 0.68% | +68.4% |
| 35 | GPK | GRAPHIC PACKAGING HOLDING CO | 2601576 | $50.9M | 0.67% | 251.3% |
| 36 | GSK | GSK plc | 1177001 | $50.8M | 0.67% | +6.3% |
| 37 | NGG | NATIONAL GRID PLC | 671143 | $48.8M | 0.64% | +112.4% |
| 38 | WHR | WHIRLPOOL CORP | 617039 | $48.5M | 0.64% | +42.3% |
| 39 | XP | XP INC | 2538130 | $47.7M | 0.63% | +11.3% |
| 40 | ORCL | ORACLE CORP | 166409 | $46.8M | 0.62% | -40.0% |
| 41 | JOYY | JOYY INC | 790060 | $46.3M | 0.61% | +8.0% |
| 42 | SNY | SANOFI SA | 979317 | $46.2M | 0.61% | +16.6% |
| 43 | IR | INGERSOLL RAND INC | 556229 | $46.0M | 0.61% | +111.7% |
| 44 | DEO | DIAGEO PLC | 466866 | $44.6M | 0.59% | +8.4% |
| 45 | ING | ING GROEP NV | 1598246 | $41.7M | 0.55% | +3.7% |
| 46 | PUK | PRUDENTIAL PLC | 1475439 | $41.3M | 0.55% | -7.7% |
| 47 | PDD | PDD HOLDINGS INC | 309641 | $40.9M | 0.54% | NEW |
| 48 | PAGS | PAGSEGURO DIGITAL LTD | 3892125 | $38.9M | 0.51% | +44.6% |
| 49 | NVO | NOVO NORDISK A/S | 695979 | $38.6M | 0.51% | +96.7% |
| 50 | LYV | LIVE NATION ENTERTAINMENT INC | 232404 | $38.0M | 0.50% | +5.9% |
| 51 | QFIN | QFIN HOLDINGS INC | 1291210 | $37.2M | 0.49% | -1.7% |
| 52 | WEIBF | WEIBO CORP | 2952249 | $36.6M | 0.48% | +11.7% |
| 53 | BUDFF | ANHEUSER-BUSCH INBEV SA/NV | 609686 | $36.3M | 0.48% | -5.8% |
| 54 | RLXXF | RELX PLC | 723161 | $34.5M | 0.46% | +49.8% |
| 55 | VEA | Vanguard FTSE Developed Markets ETF | 508504 | $30.5M | 0.40% | +107.4% |
| 56 | SHG | SHINHAN FINANCIAL GROUP CO LTD | 565975 | $28.5M | 0.38% | +2.9% |
| 57 | JLL | JONES LANG LASALLE INC | 94710 | $28.3M | 0.37% | +-30.9% |
| 58 | SE | SEA LTD | 153370 | $27.4M | 0.36% | -27.8% |
| 59 | SMIN | ISHARES MSCI INDIA SMALL-CAP ETF | 367520 | $26.4M | 0.35% | +168.2% |
| 60 | ALLY | ALLY FINANCIAL INC | 636169 | $24.9M | 0.33% | +5.5% |
| 61 | CLS | CELESTICA INC | 100670 | $24.8M | 0.33% | -19.2% |
| 62 | BTI | BRITISH AMERICAN TOBACCO PLC | 458703 | $24.3M | 0.32% | -13.5% |
| 63 | ATAT | ATOUR LIFESTYLE HOLDINGS LTD | 611570 | $23.0M | 0.30% | -9.1% |
| 64 | UNH | UNITEDHEALTH GROUP INC | 64603 | $22.3M | 0.29% | NEW |
| 65 | GGB | GERDAU SA | 7189270 | $22.3M | 0.29% | +169.2% |
| 66 | BXP | BXP INC | 291507 | $21.7M | 0.29% | +6.9% |
| 67 | MT | ARCELORMITTAL SA | 586831 | $21.2M | 0.28% | -24.4% |
| 68 | VIPS | VIPSHOP HOLDINGS LTD | 1076736 | $21.1M | 0.28% | 37.6% |
| 69 | FINV | FINVOLUTION GROUP | 2834783 | $20.9M | 0.28% | +20.6% |
| 70 | SNN | SMITH & NEPHEW PLC | 572532 | $20.8M | 0.27% | -30.3% |
| 71 | MOMO | HELLO GROUP INC | 2794347 | $20.7M | 0.27% | +19.1% |
| 72 | RBSPF | NATWEST GROUP PLC | 1435963 | $20.3M | 0.27% | 128.1% |
| 73 | EWY | ISHARES MSCI SOUTH KOREA ETF | 221895 | $17.8M | 0.23% | NEW |
| 74 | ZIM | ZIM INTEGRATED SHIPPING SERVICES LTD | 1082641 | $14.7M | 0.19% | 52.2% |
| 75 | AU | ANGLOGOLD ASHANTI PLC | 198513 | $14.0M | 0.18% | -74.8% |
| 76 | IBN | ICICI Bank | 444660 | $13.4M | 0.18% | — |
| 77 | SMFG | SUMITOMO MITSUI FINANCIAL GROUP INC | 800903 | $13.4M | 0.18% | +165.4% |
| 78 | HDB | HDFC BANK LTD | 385186 | $13.2M | 0.17% | +105.3% |
| 79 | VSS | VANGUARD FTSE ALL WORLD EX-US SMALL-CAP ETF | 90227 | $12.9M | 0.17% | +46.5% |
| 80 | CGAU | CENTERRA GOLD INC | 863377 | $9.3M | 0.12% | +35.9% |
| 81 | KSA | ISHARES MSCI SAUDI ARABIA ETF | 194437 | $7.9M | 0.10% | -37.4% |
| 82 | MMYT | MAKEMYTRIP LTD | 82319 | $7.7M | 0.10% | -1.4% |
| 83 | INFY | INFOSYS LTD | 283927 | $4.6M | 0.06% | — |
| 84 | FXI | ISHARES CHINA LARGE-CAP ETF | 71000 | $2.9M | 0.04% | NEW |
| 85 | RDY | DR REDDY'S LABORATORIES LTD | 159139 | $2.2M | 0.03% | — |
| 86 | MLCMF | MILLICOM INTERNATIONAL CELLULAR SA | 38000 | $1.8M | 0.02% | NEW |
| 87 | GRTUF | GRANITE REAL ESTATE INVESTMENT TRUST | 23700 | $1.3M | 0.02% | NEW |
| 88 | ACWI | ISHARES MSCI ACWI ETF | 9427 | $1.3M | 0.02% | +11.4% |
| 89 | WIT | WIPRO LTD | 475731 | $1.3M | 0.02% | — |
| 90 | URTH | ISHARES MSCI WORLD ETF | 6151 | $1.1M | 0.01% | NEW |
| 91 | FSM | FORTUNA MINING CORP | 115867 | $1.0M | 0.01% | NEW |
| 92 | ITRN | ITURAN LOCATION AND CONTROL LTD | 20439 | $730K | 0.01% | NEW |
| 93 | NVDA | NVIDIA CORP | 3805 | $710K | 0.01% | +4.8% |
| 94 | EWT | ISHARES MSCI TAIWAN ETF | 11100 | $706K | 0.01% | NEW |
| 95 | VEU | VANGUARD FTSE ALL-WORLD EX-US ETF | 9660 | $689K | 0.01% | +8.2% |
| 96 | MSFT | MICROSOFT CORP | 940 | $487K | 0.01% | — |
| 97 | BTG | B2GOLD CORP | 94491 | $467K | 0.01% | — |
| 98 | JBS | JBS NV | 26297 | $393K | 0.01% | -23.4% |
| 99 | NVS | NOVARTIS AG | 2054 | $263K | 0.00% | -1.4% |
| 100 | AAPL | APPLE INC | 927 | $236K | 0.00% | +-7.6% |
| 101 | TRPCF | TRIP.COM GROUP LTD | 2748 | $207K | 0.00% | NEW |
| 102 | KEP | KOREA ELECTRIC POWER CORP | 12752 | $166K | 0.00% | +-99.0% |
| 103 | ADT | ADT INC | 10929 | $95K | 0.00% | NEW |
| 104 | INN | SUMMIT HOTEL PROPERTIES INC | 14838 | $81K | 0.00% | -5.2% |
| 105 | PBYI | PUMA BIOTECHNOLOGY INC | 14095 | $75K | 0.00% | — |