Sarah Ketterer's Q1 Portfolio Highlights Major Shifts in Key Holdings

Sarah Ketterer, managing director at Causeway Capital Management, saw notable changes in her portfolio as of March 31, 2026. Her substantial $6.71 billion portfolio, as tracked by InsiderSet, showed significant movements in several top holdings.

Among the most pronounced changes were increases in Carnival Corp (CCL), Deutsche Bank AG (DB), and Carrier Global Corp (CARR). Ketterer significantly boosted her stake in Deutsche Bank, adding over 7.5 million shares. Carnival Corp also saw substantial growth, with nearly 3.15 million additional shares purchased. Carrier Global Corp experienced a more modest but still significant increase in her position.

Conversely, Ketterer reduced her exposure in several other major holdings. She decreased her position in Canadian Pacific Kansas City Ltd (CP) by nearly 3.8 million shares, representing a 30.2% reduction. Smurfit Westrock PLC (SW) also saw a substantial reduction, with over 3.5 million shares sold off. Other notable decreases included stakes in Taiwan Semiconductor Manufacturing Co Ltd (TSM), Alibaba Group Holding Ltd (BABA), Merck & Co Inc (MRK), Alphabet Inc (GOOG), and Cognizant Technology Solutions Corp (CTSH).

The portfolio's top holdings, representing significant allocations, include Carnival Corp, Deutsche Bank, Canadian Pacific, Smurfit Westrock, Taiwan Semiconductor, Alibaba, Carrier Global, Merck, Alphabet, and Cognizant. These positions span sectors including Consumer Cyclical, Industrials, Technology, Healthcare, and Communication Services.

For a complete view of Sarah Ketterer's investment profile, visit her profile on InsiderSet: https://www.insiderset.com/investor/sarah-ketterer-causeway-capital-management. Detailed information on each stock, including the companies mentioned, can be found at: https://www.insiderset.com/investors/stocks/.