Sarah Ketterer Q2 2026 Investment Activity: Major Purchases & Significant Sales

For the period ending June 30th, 2026 (Q2 2026), Causeway Capital Management's Sarah Ketterer demonstrated active investment management with notable changes across her portfolio. According to filings, she held or changed 115 positions during this quarter.

Prominent Purchases This Quarter

Sarah Ketterer significantly increased her holdings in several companies during Q2 2026:

• PBR-A (PETROBRAS) saw a massive increase of over 107% in shares, indicating strong confidence or alignment with the company's prospects.
• The position in G0457F107 (Arcos Dorados) experienced a substantial jump of approximately 56% increase, suggesting renewed interest.
• CM (Canadian Imperial Bank), despite its small allocation (0.1%), showed positive change this quarter.
• She also added shares to SNN, VIST, and BSX (Boston Scientific), as indicated by the significant buy symbols list.
• The investor's focus appears to span various sectors, including Energy with Petrobras and Industrials with Canadian Pacific.

Substantial Reductions in Holdings

In contrast, Ketterer divested or reduced her stake significantly from other positions:

• The position in CM (Canadian Imperial Bank), which previously held a small allocation (0.1%), was drastically cut by nearly -97%.
• G (Genpact) experienced a significant reduction, effectively exiting the position entirely as its portfolio percentage dropped to 0.21%.
• Shares in CTSH (Cognizant Technology) were also substantially decreased.
• The investor sold out positions like G68707101 (PagSeguro Digital), which had a portfolio allocation of approximately 0.31%.
• INFY (Infosys)'s position was also significantly reduced.

Additional Changes Observed

Beyond the major shifts, Ketterer made several other notable adjustments:

• The allocation for G0457F107 (Arcos Dorados) was also present, albeit smaller (0.17%). This position showed a large increase in shares.
• PBR-A's allocation remained small at approximately 0.49%.
• The portfolio includes holdings like FSM (Fortuna Mining), which saw an increase of about 67% in its position.
• BP PLC experienced a decrease, though not as drastic as some other holdings.
• The investor also adjusted her stake in JD (JD.Com), which saw a reduction of approximately -35%.

Ketterer's portfolio allocation breakdown for Q2 2026 shows significant exposure to sectors like Industrials, Technology, and Communication Services. The top five holdings by weight accounted for 29.15% of the total portfolio value.