Sarah Ketterer - Causeway Capital Management Investment Strategy & Portfolio Analysis
How Causeway Capital Management allocates capital, manages risk, and constructs its portfolio — based on SEC 13F filings.
According to the SEC 13F filed on Aug 13, 2026, Sarah Ketterer's Causeway Capital Management portfolio reflects a balanced investor approach across 115 reported 13F positions as of quarter-end Jun 30, 2026. Portfolio returns are led by Deutsche Bank (~16% of total exposure), with the top five holdings representing approximately 43% of reported value. The portfolio maintains structural breadth across 115 positions, with economic weighting tilted toward industrials and healthcare names. Exposure to high-growth and technology-oriented segments is moderate relative to peers, with performance weighted across unknown, industrials, and healthcare. The portfolio exhibits low turnover, consistent with a buy-and-hold posture held through multiple reporting cycles. Distinctive traits include Moderate Turnover, Structurally Diversified.
Investment Style
Value, growth, quality, and behavioral classification from latest 13F holdings.
Primary type: Balanced Investor
Traits: Moderate Turnover, Structurally Diversified
Turnover profile
Moderate
Holding horizon
Moderate
Portfolio Construction
Concentration and position sizing in the latest filing.
Portfolio construction is moderately concentrated: top three names represent 36.2% of assets, top five 42.9%, and the largest single position is 15.8%.
Top 3 weight
36.2%
Top 5 weight
42.9%
Top 10 weight
53.1%
Largest position
15.8%
Top holdings: Deutsche Bank, Smurfit WestRock, Canadian Pacific Kansas City Li, Taiwan Semiconductor Manufactur, Alaska Air Group, Inc. — view full holdings
Sector Preferences
Where capital is allocated by sector.
Capital is tilted toward Unknown and Industrials, with 12 sectors represented in the latest filing.
Leading sectors: Unknown, Industrials, Healthcare
Risk Framework
Concentration, diversification, and turnover tolerance.
This investor accepts moderate single-name risk (largest position 15.8%, top ten 53.1%) and moderate economic diversification (HHI 0.05). Turnover tolerance maps to a moderate profile.
Largest position
15.8%
Top 10 weight
53.1%
Max sector
36.2%
Diversification
Moderate
Strategy Evolution
How the strategy changed between the two most recent filing periods.
Mar 31, 2026 → Jun 30, 2026
- Position count increased from 104 to 115 (+11 names).
- Top-five concentration fell from 47.2% to 42.9%.
- Dominant sector mix shifted from Unknown, Consumer Cyclical to Unknown, Industrials.
- Largest holding changed from Carnival Corporation to Deutsche Bank.
- Quarter-over-quarter portfolio weight turnover: 24.3%.
For trade-level changes, see the Activity page. View activity.
Similar Investors
Peer group with comparable portfolio behavior.
Similar-investor comparisons are coming soon.