What Sarah Ketterer bought and sold in Q3 2025
In Q3 2025, Sarah Ketterer (Causeway Capital Management) opened 13 new positions — including CARR (1.2%), EG (0.8%), PDD (0.5%), added to 20, trimmed 9, exited 8 (JD, IFF, PCG). The book stood at $7.57B across 105 positions, filed Nov 13, 2025.
13New20Added9Trimmed8Exited
New positions (13)
- CARRCarrier Global Corp1.2% · $88M
- EGEverest Group Ltd0.8% · $62M
- PDDPdd Holdings Inc0.5% · $41M
- UNHUnitedhealth Group Inc0.3% · $22M
- EWYIshares Msci South Korea Etf0.2% · $18M
- FXIIshares China Large-cap Etf<0.1% · $3M
- GRTUFGranite Real Estate Investme<0.1% · $1M
- URTHIshares Msci World Etf<0.1% · $1M
- FSMFortuna Mining Corp<0.1% · $1M
- ITRNIturan Location And Control Ltd<0.1% · $730K
- EWTIshares Msci Taiwan Etf<0.1% · $706K
- TCOMTrip.com Group Ltd-adr<0.1% · $207K
- ADTAdt Inc<0.1% · $95K
Added to (20)
- EFAIshares Msci Eafe Etf+70110% shares · 6.1% · $463M
- NTESNetease Inc-adr+45% shares · 1.3% · $97M
- INDAIshares Msci India Etf+385% shares · 0.7% · $55M
- TMETencent Music Entertainm-adr+20% shares · 0.7% · $53M
- SAPSap Se-sponsored Adr+68% shares · 0.7% · $52M
- GPKGraphic Packaging Holding CO+251% shares · 0.7% · $51M
- NGGNational Grid Plc-sp Adr+112% shares · 0.6% · $49M
- WHRWhirlpool Corp+42% shares · 0.6% · $48M
- IRIngersoll-rand Inc+112% shares · 0.6% · $46M
- NVONovo-nordisk A/s-spons Adr+97% shares · 0.5% · $39M
- RELXRelx Plc - Spon Adr+50% shares · 0.5% · $35M
- VEAVanguard Ftse Developed Etf+107% shares · 0.4% · $30M
- SMINIshares Msci India Small-cap+168% shares · 0.3% · $26M
- GGBGerdau SA -spon Adr+169% shares · 0.3% · $22M
- VIPSVipshop Holdings Ltd - Adr+38% shares · 0.3% · $21M
- FINVFinvolution Group-adr+21% shares · 0.3% · $21M
- NWGNatwest Group Plc -spon Adr+128% shares · 0.3% · $20M
- SMFGSumitomo Mitsui-spons Adr+165% shares · 0.2% · $13M
- VSSVanguard Ftse All WO X-us SC+47% shares · 0.2% · $13M
- CGAUCenterra Gold Inc+36% shares · 0.1% · $9M
Trimmed (9)
- CCitigroup Inc-21% shares · 1.3% · $101M
- ORCLOracle Corp-40% shares · 0.6% · $47M
- JLLJones Lang Lasalle Inc-31% shares · 0.4% · $28M
- SESea Ltd-adr-28% shares · 0.4% · $27M
- MTArcelormittal-ny Registered-24% shares · 0.3% · $21M
- SNNSmith & Nephew Plc -spon Adr-30% shares · 0.3% · $21M
- AUAnglogold Ashanti Plc-75% shares · 0.2% · $14M
- KSAIshrs Msci Saudi Arabia Etf-37% shares · 0.1% · $8M
- KEPKorea Elec Power Corp-sp Adr-99% shares · <0.1% · $166K
Exited (8)
- JDJd.com Inc-adrwas 1.0% of book
- IFFIntl Flavors & Fragranceswas 0.7% of book
- PCGP G & E Corpwas 0.6% of book
- MELIMercadolibre Incwas 0.2% of book
- SNXTD Synnex Corpwas 0.1% of book
- IQIqiyi Inc-adrwas 0.1% of book
- VWOVanguard Ftse Emerging Markewas <0.1% of book
- BKNGBooking Holdings 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.