What Sarah Ketterer bought and sold in Q1 2025
In Q1 2025, Sarah Ketterer (Causeway Capital Management) opened 11 new positions — including CCL (10.8%), APTV (1.1%), DB (0.8%), added to 18, trimmed 17, exited 20 (BA, CNXC, CLSEUR). The book stood at $4.78B across 90 positions, filed May 14, 2025.
11New18Added17Trimmed20Exited
New positions (11)
- CCLCarnival Corp10.8% · $519M
- APTVAptiv Plc1.1% · $51M
- DBDeutsche Bank AG0.8% · $36M
- WHRWhirlpool Corp0.7% · $33M
- EMBJEmbraer Sa-spon Adr0.3% · $15M
- CLSCelestica Inc0.2% · $12M
- TMETencent Music Entertainm-adr0.2% · $9M
- JOYYJoyy Inc-adr0.1% · $4M
- 016Veren Inc<0.1% · $2M
- JKSJinkosolar Holding Co-adr<0.1% · $1M
- PBYIPuma Biotechnology Inc<0.1% · $42K
Added to (18)
- BABAAlibaba Group Holding-sp Adr+43% shares · 3.7% · $179M
- MRKMerck & Co. Inc.+54% shares · 1.7% · $81M
- ORCLOracle Corp+69% shares · 1.4% · $69M
- BIIBBiogen Inc+54% shares · 1.2% · $59M
- BPBP Plc-spons Adr+23% shares · 1.1% · $54M
- INFYInfosys Ltd-sp Adr+383% shares · 1.0% · $48M
- BUDAnheuser-busch Inbev-spn Adr+20% shares · 0.9% · $43M
- CFGCitizens Financial Group+31% shares · 0.9% · $41M
- LYVLive Nation Entertainment IN+25% shares · 0.8% · $38M
- ALLYAlly Financial Inc+54% shares · 0.5% · $24M
- ATATAtour Lifestyle Holdings-adr+232% shares · 0.4% · $18M
- SNNSmith & Nephew Plc -spon Adr+26% shares · 0.4% · $17M
- SHGShinhan Financial Group-adr+57% shares · 0.3% · $16M
- MOMOHello Group Inc -spn Adr+136% shares · 0.3% · $13M
- KSAIshrs Msci Saudi Arabia Etf+46% shares · 0.3% · $13M
- VIPSVipshop Holdings Ltd - Adr+141% shares · 0.2% · $11M
- IQIqiyi Inc-adr+29% shares · 0.1% · $7M
- VWOVanguard Ftse Emerging Marke+102% shares · <0.1% · $1M
Trimmed (17)
- BCSBarclays Plc-spons Adr-24% shares · 1.4% · $69M
- VEAVanguard Ftse Developed Etf-68% shares · 0.4% · $21M
- DGXQuest Diagnostics Inc-60% shares · 0.4% · $20M
- MTArcelormittal-ny Registered-34% shares · 0.4% · $20M
- AUAnglogold Ashanti Plc-24% shares · 0.3% · $14M
- SNXTD Synnex Corp-78% shares · 0.3% · $14M
- PDDPdd Holdings Inc-76% shares · 0.3% · $13M
- BBDBanco Bradesco-adr-90% shares · 0.2% · $8M
- INDAIshares Msci India Etf-38% shares · 0.2% · $7M
- SMINIshares Msci India Small-cap-30% shares · 0.1% · $6M
- RDYDr. Reddy's Laboratories-adr-73% shares · <0.1% · $2M
- ACWIIshares Msci Acwi Etf-50% shares · <0.1% · $1M
- EFAIshares Msci Eafe Etf-88% shares · <0.1% · $526K
- NVSNovartis Ag-sponsored Adr-28% shares · <0.1% · $472K
- VEUVanguard Ftse All-world Ex-u-79% shares · <0.1% · $410K
- BTGB2gold Corp-91% shares · <0.1% · $269K
- SHELShell Plc-adr-71% shares · <0.1% · $216K
Exited (20)
- BABoeing Co/thewas 1.2% of book
- CNXCConcentrix Corpwas 0.4% of book
- CLSEURCelestica Incwas 0.4% of book
- URTHIshares Msci World Etfwas 0.2% of book
- TAKTakeda Pharmaceutic-sp Adrwas 0.2% of book
- ACNAccenture Plcwas <0.1% of book
- DOXAmdocs Ltdwas <0.1% of book
- WTWWillis Towers Watson Plcwas <0.1% of book
- RYAAYRyanair Holdings Plc-sp Adrwas <0.1% of book
- CNHCnh Industrial NVwas <0.1% of book
- KOFCoca-cola Femsa Sab-sp Adrwas <0.1% of book
- NENoble Corp Plcwas <0.1% of book
- TECKTeck Resources Ltd-cls Bwas <0.1% of book
- ICLRIcon Plcwas <0.1% of book
- EROEro Copper Corpwas <0.1% of book
- ITUBItau Unibanco H-spon Prf Adrwas <0.1% of book
- TCOMTrip.com Group Ltd-adrwas <0.1% of book
- CIGIColliers Intl Gr-subord Votwas <0.1% of book
- SMFGSumitomo Mitsui-spons Adrwas <0.1% of book
- OSUROrasure Technologies Incwas <0.1% of book
Sarah Ketterer's other filings
Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.