What Sarah Ketterer bought and sold in Q4 2025
In Q4 2025, Sarah Ketterer (Causeway Capital Management) opened 12 new positions — including ALK (1.0%), BAH (0.5%), BA (0.5%), added to 20, trimmed 13, exited 10 (NTES, ORCL, SE). The book stood at $7.27B across 108 positions, filed Feb 13, 2026.
12New20Added13Trimmed10Exited
New positions (12)
- ALKAlaska Air Group Inc1.0% · $72M
- BAHBooz Allen Hamilton Holdings0.5% · $33M
- BABoeing Co/the0.5% · $33M
- VALEVale Sa-sp Adr0.2% · $12M
- VWOVanguard Ftse Emerging Marke<0.1% · $3M
- EZAIshares Msci South Africa ET<0.1% · $2M
- EFXTEnerflex Ltd<0.1% · $1M
- ASHRXtrackers Harvest Csi 300 CH<0.1% · $946K
- EWZIshares Msci Brazil Etf<0.1% · $438K
- AVGOBroadcom Inc<0.1% · $286K
- FIXComfort Systems Usa Inc<0.1% · $227K
- PDSPrecision Drilling Corp<0.1% · $236K
Added to (20)
- SWSmurfit Westrock Plc+154% shares · 10.2% · $740M
- CARRCarrier Global Corp+26% shares · 1.3% · $98M
- EGEverest Group Ltd+36% shares · 1.1% · $81M
- METAMeta Platforms Inc-class A+27% shares · 1.0% · $73M
- GPKGraphic Packaging Holding CO+74% shares · 0.9% · $68M
- ZBHZimmer Biomet Holdings Inc+25% shares · 0.9% · $66M
- LYVLive Nation Entertainment IN+92% shares · 0.9% · $64M
- SAPSap Se-sponsored Adr+29% shares · 0.8% · $61M
- WHRWhirlpool Corp+23% shares · 0.8% · $55M
- NVONovo-nordisk A/s-spons Adr+43% shares · 0.7% · $51M
- RELXRelx Plc - Spon Adr+64% shares · 0.7% · $48M
- INFYInfosys Ltd-sp Adr+774% shares · 0.6% · $44M
- AUAnglogold Ashanti Plc+119% shares · 0.5% · $38M
- SMINIshares Msci India Small-cap+25% shares · 0.4% · $32M
- SMFGSumitomo Mitsui-spons Adr+47% shares · 0.3% · $23M
- CGAUCenterra Gold Inc+45% shares · 0.2% · $18M
- EWTIshares Msci Taiwan Etf+1615% shares · 0.2% · $12M
- FSMFortuna Mining Corp+645% shares · 0.1% · $8M
- URTHIshares Msci World Etf+73% shares · <0.1% · $2M
- VEUVanguard Ftse All-world Ex-u+50% shares · <0.1% · $1M
Trimmed (13)
- BBarrick Mining Corp-61% shares · 3.6% · $264M
- GOOGAlphabet Inc-cl C-41% shares · 1.6% · $116M
- CCitigroup Inc-30% shares · 1.1% · $81M
- TMETencent Music Entertainm-adr-26% shares · 0.4% · $30M
- INGIng Groep N.v.-sponsored Adr-39% shares · 0.4% · $27M
- CLSCelestica Inc-27% shares · 0.3% · $22M
- INDAIshares Msci India Etf-63% shares · 0.3% · $21M
- JLLJones Lang Lasalle Inc-37% shares · 0.3% · $20M
- MTArcelormittal-ny Registered-34% shares · 0.2% · $18M
- EWYIshares Msci South Korea Etf-50% shares · 0.1% · $11M
- EFAIshares Msci Eafe Etf-98% shares · 0.1% · $8M
- MOMOHello Group Inc -spn Adr-68% shares · 0.1% · $6M
- GSKGsk Plc-spon Adr-97% shares · <0.1% · $2M
Exited (10)
- NTESNetease Inc-adrwas 1.3% of book
- ORCLOracle Corpwas 0.6% of book
- SESea Ltd-adrwas 0.4% of book
- ATATAtour Lifestyle Holdings-adrwas 0.3% of book
- UNHUnitedhealth Group Incwas 0.3% of book
- KSAIshrs Msci Saudi Arabia Etfwas 0.1% of book
- FXIIshares China Large-cap Etfwas <0.1% of book
- RDYDr. Reddy's Laboratories-adrwas <0.1% of book
- TCOMTrip.com Group Ltd-adrwas <0.1% of book
- ADTAdt 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.