Sarah Ketterer – Causeway Capital Management Portfolio Activity & Recent Trades (Sep 30, 2025)
As of Sep 30, 2025, the Causeway Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 13, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q3 2025, the filing reported:
New Buys – ADT Inc., Carrier Global Corporation, Everest Group, iShares Inc iShares MSCI Taiwan, iShares Inc iShares MSCI South , and 8 more
Increases – iShares MSCI ACWI ETF, Ally Financial Inc., Aptiv, Astrazeneca PLC, Credicorp, and 48 more
Reductions – Apple Inc., Analog Devices, Inc., Atour Lifestyle Holdings Limite, AngloGold Ashanti, Barrick Gold, and 26 more
Complete Exits – Booking Holdings Inc. Common St, International Flavors & Fragran, iQIYI, Inc., JD.com, Inc., MercadoLibre, Inc., and 3 more
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Name | Type | Change Qty | % Change | Value | Remaining |
|---|---|---|---|---|---|---|---|
Q3 2025 | AAPL Apple Inc. | Apple Inc. | Sell | -76 | -7.6% | $236.04K | 927 |
Q3 2025 | ACWI iShares MSCI ACWI ETF | iShares MSCI ACWI ETF | Buy | +967 | +11.4% | $1.30M | 9,427 |
Q3 2025 | ADI Analog Devices, Inc. | Analog Devices, Inc. | Sell | -53,332 | -15.0% | $74.27M | 302,272 |
Q3 2025 | ADT ADT Inc. | ADT Inc. | Buy - Position Entry | +10,929 | - | $95.19K | 10,929 |
Q3 2025 | ALLY Ally Financial Inc. | Ally Financial Inc. | Buy | +33,133 | +5.5% | $24.94M | 636,169 |
Q3 2025 | APTV Aptiv | Aptiv | Buy | +4,147 | +0.6% | $62.32M | 722,843 |
Q3 2025 | ATAT Atour Lifestyle Holdings Limite | Atour Lifestyle Holdings Limite | Sell | -61,214 | -9.1% | $22.99M | 611,570 |
Q3 2025 | AU AngloGold Ashanti | AngloGold Ashanti | Sell | -589,638 | -74.8% | $13.96M | 198,513 |
Q3 2025 | AZN Astrazeneca PLC | Astrazeneca PLC | Buy | +113,923 | +11.9% | $81.89M | 1,067,371 |
Q3 2025 | B Barrick Gold | Barrick Gold | Sell | -1,959,176 | -11.1% | $514.55M | 15,694,240 |
Q3 2025 | BABA Alibaba Group Holding Limited | Alibaba Group Holding Limited | Sell | -11,005 | -0.9% | $220.10M | 1,231,464 |
Q3 2025 | BAP Credicorp | Credicorp | Buy | +22,870 | +11.9% | $57.42M | 215,628 |
Q3 2025 | BCS Barclays PLC | Barclays PLC | Sell | -311,229 | -6.7% | $89.98M | 4,352,949 |
Q3 2025 | BIIB Biogen Inc. | Biogen Inc. | Buy | +74,163 | +15.0% | $79.50M | 567,518 |
Q3 2025 | BKNG Booking Holdings Inc. Common St | Booking Holdings Inc. Common St | Sell - Position Exit | -37 | -100.0% | $0.00 | - |
Q3 2025 | BP BP p.l.c. | BP p.l.c. | Sell | -37,254 | -2.3% | $54.56M | 1,583,385 |
Q3 2025 | BTI British American Tobacco Indus | British American Tobacco Indus | Sell | -71,896 | -13.5% | $24.35M | 458,703 |
Q3 2025 | BUD Anheuser-Busch Inbev SA Sponsor | Anheuser-Busch Inbev SA Sponsor | Sell | -37,791 | -5.8% | $36.34M | 609,686 |
Q3 2025 | BXP BXP, Inc. | BXP, Inc. | Buy | +18,712 | +6.9% | $21.67M | 291,507 |
Q3 2025 | C Citigroup, Inc. | Citigroup, Inc. | Sell | -261,900 | -20.8% | $101.30M | 998,078 |
Q3 2025 | CARR Carrier Global Corporation | Carrier Global Corporation | Buy - Position Entry | +1,466,481 | - | $87.55M | 1,466,481 |
Q3 2025 | CCL Carnival Corporation | Carnival Corporation | Buy | +2,783,927 | +9.6% | $922.58M | 31,912,001 |
Q3 2025 | CFG Citizens Financial Group, Inc. | Citizens Financial Group, Inc. | Buy | +57,086 | +5.5% | $57.95M | 1,090,060 |
Q3 2025 | CGAU Centerra Gold Inc. | Centerra Gold Inc. | Buy | +227,876 | +35.9% | $9.25M | 863,377 |
Q3 2025 | CLS Celestica, Inc. | Celestica, Inc. | Sell | -23,917 | -19.2% | $24.78M | 100,670 |
Q3 2025 | CP Canadian Pacific Kansas City Li | Canadian Pacific Kansas City Li | Sell | -1,157,626 | -7.9% | $1.01B | 13,522,873 |
Q3 2025 | CTSH Cognizant Technology Solutions | Cognizant Technology Solutions | Buy | +168,820 | +14.3% | $90.56M | 1,350,178 |
Q3 2025 | DB Deutsche Bank | Deutsche Bank | Sell | -1,696,378 | -8.8% | $620.20M | 17,618,765 |
Q3 2025 | DEO Diageo plc | Diageo plc | Buy | +36,156 | +8.4% | $44.55M | 466,866 |
Q3 2025 | DIS Walt Disney Company (The) | Walt Disney Company (The) | Sell | -27,762 | -4.5% | $68.23M | 595,915 |