Q2 2026 · SEC CIK 0001165797

Sarah Ketterer portfolio

SuperinvestorMutual fund managerCauseway Capital Management LLC filed on 2026-08-13. Open SEC filings ↗

Reported 13F value: $9.2B
Reported positions: 122
Eligible equities: 101
Holdings vs S&P 500, 3 years: -2.3 pts

Average holding period of the top positions: 1.6 yrs. Holdings vs the S&P 500 over 1 and 5 years: -1.7 pts, -3.6 pts.

In its Q2 2026 13F, filed 2026-08-13, Causeway Capital Management LLC reported 122 positions worth $9.2B. Its largest holdings were ASTRAZENECA PLC (AZN, 19.0%), SMURFIT WESTROCK PLC (SW, 7.5%), CANADIAN PACIFIC KANSAS CITY LTD (CP, 6.3%). Over the last 3 years its top holdings ran 2.3 points a year behind the S&P 500.

Reported holdings in the Q2 2026 13F.

The portfolio weight uses the full reported share-portfolio denominator. Weight changes compare this 13F with the one before it; price moves also change weights, so these are not trade labels. “New” means the position was not in the previous 13F at all; “—” marks a small position the earlier filing data does not cover.

Sarah Ketterer eligible holdings
Stock	% of reported portfolio	Prior quarter	Weight change	Reported shares	Reported value
AZNASTRAZENECA PLC	19.0%	17.7%	+1.31 pp	9,357,390	$1.8B
SWSMURFIT WESTROCK PLC	7.5%	7.6%	-0.08 pp	15,039,041	$695.7M
CPCANADIAN PACIFIC KANSAS CITY LTD	6.3%	8.5%	-2.17 pp	6,711,483	$581.7M
TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	2.8%	2.1%	+0.64 pp	532,052	$254.1M
ALKALASKA AIR GROUP INC	1.8%	1.1%	+0.67 pp	3,183,163	$166.2M
CARRCARRIER GLOBAL CORP	1.7%	1.5%	+0.28 pp	2,178,506	$159.8M
LYVLIVE NATION ENTERTAINMENT INC	1.4%	1.0%	+0.41 pp	706,301	$129.3M
MRKMERCK & CO INC	1.3%	1.3%	+0.07 pp	954,932	$122.7M
METAMETA PLATFORMS INC	1.2%	1.0%	+0.21 pp	201,459	$113.5M
GOOGALPHABET INC	1.2%	1.2%	+0.02 pp	316,217	$111.7M
BCSBARCLAYS PLC	1.2%	1.1%	+0.10 pp	3,975,718	$106.8M
BAPCREDICORP LTD	1.1%	1.0%	+0.06 pp	255,436	$99.5M
SAPSAP SE	1.1%	1.0%	+0.09 pp	629,801	$97.1M
BABAALIBABA GROUP HOLDING LTD	1.0%	1.6%	-0.61 pp	995,040	$95.5M
AXSAXIS CAPITAL HOLDINGS LTD	1.0%	1.0%	-0.02 pp	859,727	$92.4M
EGEVEREST GROUP LTD	1.0%	1.0%	-0.03 pp	252,702	$90.3M
IRINGERSOLL RAND INC	0.9%	0.6%	+0.30 pp	1,033,693	$84.8M
PHGKONINKLIJKE PHILIPS NV	0.9%	0.8%	+0.08 pp	3,061,962	$83.3M
NVONOVO NORDISK A/S	0.9%	0.5%	+0.34 pp	1,677,615	$80.4M
JLLJONES LANG LASALLE INC	0.8%	0.7%	+0.14 pp	248,252	$76.9M
CFGCITIZENS FINANCIAL GROUP INC	0.8%	0.8%	+0.04 pp	1,077,093	$75.5M
NTESNETEASE INC	0.8%	—	—	572,412	$73.3M
DEODIAGEO PLC	0.8%	0.6%	+0.17 pp	899,015	$72.3M
ZBHZIMMER BIOMET HOLDINGS INC	0.7%	0.9%	-0.16 pp	788,810	$67.9M
BABOEING CO/THE	0.7%	0.8%	-0.03 pp	313,048	$67.8M
CCITIGROUP INC	0.7%	0.9%	-0.19 pp	458,858	$64.2M
NWGNATWEST GROUP PLC	0.7%	0.5%	+0.12 pp	3,487,290	$61.5M
BIIBBIOGEN INC	0.7%	0.6%	+0.02 pp	278,283	$60.1M
GFIGOLD FIELDS LTD	0.6%	0.9%	-0.29 pp	1,713,233	$57.5M
ADIANALOG DEVICES INC	0.6%	0.8%	-0.18 pp	142,050	$56.4M
RELXRELX PLC	0.6%	0.9%	-0.33 pp	1,762,329	$55.8M
INGING GROEP NV	0.6%	0.5%	+0.08 pp	1,690,687	$53.1M
BAHBOOZ ALLEN HAMILTON HOLDING CORP	0.6%	0.8%	-0.26 pp	849,966	$51.6M
TXNTEXAS INSTRUMENTS INC	0.5%	0.5%	+0.05 pp	166,496	$49.6M
NGGNATIONAL GRID PLC	0.5%	0.6%	-0.03 pp	590,240	$48.9M
DTEDTE ENERGY CO	0.5%	0.6%	-0.05 pp	320,526	$48.8M
PFEPFIZER INC	0.5%	0.7%	-0.16 pp	1,916,801	$46.2M
PBR-APETROLEO BRASILEIRO SA - PETROBRAS	0.5%	0.3%	+0.15 pp	3,096,624	$45.3M
PUKPRUDENTIAL PLC	0.5%	0.5%	+0.03 pp	1,689,218	$45.3M
SNNSMITH & NEPHEW PLC	0.5%	0.4%	+0.12 pp	1,565,167	$45.1M
TALTAL EDUCATION GROUP	0.4%	0.5%	-0.06 pp	4,125,430	$39.5M
UNHUNITEDHEALTH GROUP INC	0.4%	0.2%	+0.16 pp	87,447	$36.3M
DISWALT DISNEY CO/THE	0.4%	0.7%	-0.29 pp	360,600	$34.7M
SNYSANOFI SA	0.4%	0.6%	-0.26 pp	804,056	$34.3M
BTIBRITISH AMERICAN TOBACCO PLC	0.4%	0.4%	+0.01 pp	547,925	$33.8M
SMFGSUMITOMO MITSUI FINANCIAL GROUP INC	0.4%	0.3%	+0.05 pp	1,392,610	$32.8M
VISTVISTA ENERGY SAB DE CV	0.3%	0.2%	+0.14 pp	501,275	$32.0M
BSXBOSTON SCIENTIFIC CORP	0.3%	—	—	720,339	$30.7M
JDJD.COM INC	0.3%	—	—	1,199,207	$30.6M
BUDANHEUSER-BUSCH INBEV SA/NV	0.3%	0.5%	-0.18 pp	347,657	$28.6M
PAGSPAGSEGURO DIGITAL LTD	0.3%	0.5%	-0.19 pp	3,130,268	$28.3M
BXPBXP INC	0.3%	0.2%	+0.03 pp	378,480	$25.1M
HTHTH WORLD GROUP LTD	0.3%	—	—	570,437	$23.8M
OGCOCEANAGOLD CORP	0.2%	—	—	911,012	$22.8M
CGAUCENTERRA GOLD INC	0.2%	0.3%	-0.05 pp	1,285,398	$20.4M
GGENPACT LTD	0.2%	0.9%	-0.68 pp	710,380	$19.5M
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS CORP	0.2%	1.1%	-0.93 pp	494,846	$19.2M
ZIMZIM INTEGRATED SHIPPING SERVICES LTD	0.2%	0.3%	-0.09 pp	694,474	$18.1M
FSMFORTUNA MINING CORP	0.2%	0.2%	+0.04 pp	2,086,645	$17.6M
WBWEIBO CORP	0.2%	0.3%	-0.10 pp	2,317,577	$16.8M
ARCOARCOS DORADOS HOLDINGS INC	0.2%	—	—	1,961,513	$15.8M
IBNICICI BANK LTD	0.1%	0.1%	-0.00 pp	447,935	$13.0M
TDTORONTO-DOMINION BANK/THE	0.1%	—	—	97,238	$11.8M
CIBGRUPO CIBEST SA	0.1%	0.1%	+0.00 pp	136,620	$10.9M
HDBHDFC BANK LTD	0.1%	0.1%	-0.01 pp	395,855	$10.2M
CMCANADIAN IMPERIAL BANK OF COMMERCE	0.1%	—	—	83,789	$9.6M
BWLPBW LPG LTD	0.1%	0.0%	+0.08 pp	457,050	$8.0M
SUSUNCOR ENERGY INC	0.1%	—	—	138,526	$7.4M
CLSCELESTICA INC	0.1%	0.1%	-0.01 pp	19,598	$7.1M
TIGOMILLICOM INTERNATIONAL CELLULAR SA	0.1%	0.2%	-0.13 pp	65,932	$6.0M
INFYINFOSYS LTD	0.1%	0.3%	-0.26 pp	526,963	$5.5M
HAFNHAFNIA LTD	0.0%	0.0%	+0.04 pp	697,424	$4.6M
STNSTANTEC INC	0.0%	—	—	56,200	$3.9M
GLBEGLOBAL-E ONLINE LTD	0.0%	—	—	102,195	$3.5M
MMYTMAKEMYTRIP LTD	0.0%	0.0%	+0.01 pp	64,145	$3.4M
MGAMAGNA INTERNATIONAL INC	0.0%	—	—	45,900	$3.0M
IAGIAMGOLD CORP	0.0%	—	—	172,916	$2.7M
BPBP PLC	0.0%	0.6%	-0.56 pp	46,059	$1.7M
ITRNITURAN LOCATION AND CONTROL LTD	0.0%	0.0%	+0.00 pp	20,439	$1.2M
OTEXOPEN TEXT CORP	0.0%	—	—	36,500	$808K
CNQCANADIAN NATURAL RESOURCES LTD	0.0%	—	—	18,400	$728K
NVDANVIDIA CORP	0.0%	0.0%	+0.00 pp	3,567	$714K
INTRINTER & CO INC	0.0%	—	—	100,618	$546K
SHGSHINHAN FINANCIAL GROUP CO LTD	0.0%	0.2%	-0.19 pp	6,594	$417K
GSKGSK PLC	0.0%	0.0%	-0.00 pp	7,163	$375K
BTGB2GOLD CORP	0.0%	—	—	94,491	$354K
LRCXLAM RESEARCH CORP	0.0%	—	—	816	$354K
FIXCOMFORT SYSTEMS USA INC	0.0%	0.0%	+0.00 pp	162	$321K
RNRRENAISSANCERE HOLDINGS LTD	0.0%	0.0%	-0.00 pp	994	$315K
AVGOBROADCOM INC	0.0%	0.0%	+0.00 pp	802	$303K
TRMDTORM PLC	0.0%	—	—	11,244	$290K
AAPLAPPLE INC	0.0%	0.0%	+0.00 pp	947	$274K
INMDINMODE LTD	0.0%	0.0%	-0.01 pp	18,180	$266K
ALLALLSTATE CORP/THE	0.0%	0.0%	+0.00 pp	1,107	$263K
BBARRICK MINING CORP	0.0%	0.0%	-0.00 pp	6,966	$256K
PDSPRECISION DRILLING CORP	0.0%	0.0%	-0.00 pp	3,291	$253K
NVSNOVARTIS AG	0.0%	0.0%	+0.00 pp	1,501	$235K
SLMSLM CORP	0.0%	—	—	8,774	$228K
MSFTMICROSOFT CORP	0.0%	0.0%	-0.00 pp	600	$224K
VICIVICI PROPERTIES INC	0.0%	—	—	7,985	$212K
INNSUMMIT HOTEL PROPERTIES INC	0.0%	0.0%	+0.00 pp	17,063	$120K

What Sarah Ketterer bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +15.6% /yr; S&P 500 +20.1%
3 years: +16.9% /yr; S&P 500 +20.4%
5 years: +6.7% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Questions about Sarah Ketterer's portfolio

What stocks does Sarah Ketterer own?

Causeway Capital Management LLC's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 122 positions worth $9.2B. The largest are Astrazeneca PLC Ord (AZN) at 19.0%, Carnival Corp Ltd (CCL) at 12.7%, Deutsche Bk AG (DB) at 10.8%, Smurfit Westrock PLC (SW) at 7.5% and Canadian Pacific Kansas City (CP) at 6.3%.

What did Sarah Ketterer buy last quarter?

In Q2 2026, Causeway Capital Management LLC added Ingersoll Rand Inc (IR) (+65.1% shares), Novo-Nordisk A S (NVO) (+42.9% shares) and Meta Platforms Inc Class A (META) (+39.1% shares), compared with its Q1 2026 filing.

What did Sarah Ketterer sell last quarter?

In Q2 2026, Causeway Capital Management LLC cut from its top 50 Carnival Corp (CUK), cut from its top 50 Cognizant Technology Solutions Corp (CTSH), cut from its top 50 Genpact Limited (G), cut from its top 50 Whirlpool Corp (WHR), cut from its top 50 Aptiv PLC (APTV), Disney Walt Co (DIS) (-35.6% shares), Analog Devices Inc (ADI) (-29.6% shares) and Citigroup Inc Com New (C) (-27.7% shares), compared with its Q1 2026 filing.

How has Sarah Ketterer's portfolio performed?

A portfolio copying Causeway Capital Management LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +15.6% against +20.1%. Over 5 years: +6.7% a year against +11.6%.

When is Causeway Capital Management LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Causeway Capital Management LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Causeway Capital Management LLC manage?

Causeway Capital Management LLC reported $62.2B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $9.2B.