Sarah Ketterer - Causeway Capital Management Portfolio (Q2 2026)

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Causeway Capital Management, Sarah Ketterer, has built a diversified portfolio of 115 publicly traded holdings with a total market value of $9.24B, according to the SEC 13F filed on Aug 13, 2026 (holdings as of quarter-end Jun 30, 2026). This analysis examines that filing to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 10.8% of the total portfolio value. The top 5 holdings account for 29.1% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

115
Total Holdings
$9.2B
Portfolio Value
Jun 30, 2026
Latest Filing
10.8%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in DEUTSCHE BANK AG (DB) represents 10.8% of the total portfolio, valued at $994.2M.

Rank Symbol Company Value Portfolio % Change
1 DB DEUTSCHE BANK AG $994.2M 10.8% +17.6%
2 SW SMURFIT WESTROCK PLC $695.7M 7.5% -3.4%
3 CP CANADIAN PACIFIC KANSAS CITY LTD $581.7M 6.3% -23.7%
4 TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD $254.1M 2.8% +4.6%
5 ALK ALASKA AIR GROUP INC $166.2M 1.8% +27.2%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 191 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
CCL Carnival Corporation -37,096,593 Jun 30, 2026 SELL
DB Deutsche Bank +4,396,284 Jun 30, 2026 BUY
CP Canadian Pacific Kansas City Li -2,080,898 Jun 30, 2026 SELL
G0457F107 Arcos Dorados +1,961,513 Jun 30, 2026 BUY
PBR-A Petroleo Brasileiro S.A.- Petro +1,600,960 Jun 30, 2026 BUY
INFY Infosys Limited -1,369,525 Jun 30, 2026 SELL
G Genpact -1,238,297 Jun 30, 2026 SELL
WHR Whirlpool Corporation -1,201,993 Jun 30, 2026 SELL
JD JD.com, Inc. +1,199,207 Jun 30, 2026 BUY
CTSH Cognizant Technology Solutions -1,009,407 Jun 30, 2026 SELL

Investment Strategy Insights

Causeway Capital Management's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in DEUTSCHE BANK AG (DB) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a increase of 17.6% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 191 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 115 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Causeway Capital Management's portfolio as of Jun 30, 2026 reflects a strategic approach to equity investing with 115 holdings valued at $9.2B. The concentrated position in DEUTSCHE BANK AG and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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