Sarah Ketterer – Causeway Capital Management Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Causeway Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 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 Q2 2025, the filing reported:

New Buys – Barrick Gold (B), PagSeguro Digital (G68707101), XP Inc (XP), Gold Fields Limited (GFI), Korea Electric Power Corporatio (KEP), and 13 more

Increases – Deutsche Bank (DB), Smurfit WestRock (SW), Carnival Corporation (CCL), Tencent Music Entertainment Gro (TME), JOYY Inc. (YY), and 38 more

Reductions – Apple Inc. (AAPL), NVIDIA Corporation (NVDA), GSK plc (GSK), Vanguard FTSE All-Wld ex-US SmC (VSS), Taiwan Semiconductor Manufactur (TSM), and 28 more

Complete Exits – Shell PLC (SHEL), JinkoSolar Holding Company Limi (JKS), PDD Holdings Inc. (PDD), Quest Diagnostics Incorporated (DGX), Veren Inc. (VRN), and 3 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Causeway Capital Management Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q1 2016Mar 31, 2016	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+2,101,900+51.6%	$44.24K	6,178,775
Q1 2016Mar 31, 2016	INFY Infosys Limited	Infosys Limited	Buy	+1,662,000+117.3%	$58.71K	3,078,400
Q1 2016Mar 31, 2016	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Buy	+1,619,900+38.8%	$152.50K	5,790,433
Q1 2016Mar 31, 2016	PBR-A Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Buy	+991,900+27.1%	$21.20K	4,651,700
Q1 2016Mar 31, 2016	C Citigroup, Inc.	Citigroup, Inc.	Buy	+931,710+22.2%	$248.10K	5,125,144
Q1 2016Mar 31, 2016	BCS Barclays PLC	Barclays PLC	Buy	+611,091+36.5%	$22.97K	2,285,786
Q1 2016Mar 31, 2016	ING ING Group, N.V.	ING Group, N.V.	Buy - Position Entry	+546,918	$6.71K	546,918
Q1 2016Mar 31, 2016	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+518,800+132.0%	$72.59K	911,800
Q1 2016Mar 31, 2016	SM SM Energy Company	SM Energy Company	Buy	+384,956+10.0%	$92.21K	4,220,730
Q1 2016Mar 31, 2016	LLY Eli Lilly and Company	Eli Lilly and Company	Buy	+382,237+30.8%	$136.10K	1,623,584
Q1 2016Mar 31, 2016	INDA Ishares MSCI India ETF	Ishares MSCI India ETF	Buy	+359,300+21.0%	$56.19K	2,072,000
Q1 2016Mar 31, 2016	CCL Carnival Corporation	Carnival Corporation	Buy	+340,616+16.4%	$148.25K	2,416,567
Q1 2016Mar 31, 2016	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Buy - Position Entry	+329,200	$31.70K	329,200
Q1 2016Mar 31, 2016	PRU Prudential Financial, Inc.	Prudential Financial, Inc.	Buy	+319,273+19.4%	$165.40K	1,969,150
Q1 2016Mar 31, 2016	SMFG Sumitomo Mitsui Financial Group	Sumitomo Mitsui Financial Group	Buy	+256,580+12.2%	$14.39K	2,362,430
Q1 2016Mar 31, 2016	ALL Allstate Corporation (The)	Allstate Corporation (The)	Buy	+203,281+13.2%	$136.76K	1,744,971
Q1 2016Mar 31, 2016	NTES NetEase, Inc.	NetEase, Inc.	Buy	+98,200+37.1%	$52.54K	362,600
Q1 2016Mar 31, 2016	QCOM QUALCOMM Incorporated	QUALCOMM Incorporated	Buy	+98,080+3.6%	$165.69K	2,795,794
Q1 2016Mar 31, 2016	WFC Wells Fargo & Company	Wells Fargo & Company	Buy	+88,276+4.5%	$115.77K	2,060,977
Q1 2016Mar 31, 2016	JKS JinkoSolar Holding Company Limi	JinkoSolar Holding Company Limi	Buy	+39,100+25.2%	$4.23K	194,200
Q1 2016Mar 31, 2016	NVS Novartis AG	Novartis AG	Buy	+34,652+12.3%	$24.03K	316,362
Q1 2016Mar 31, 2016	LPL LG Display Co, Ltd AMERICAN DEP	LG Display Co, Ltd AMERICAN DEP	Buy	+26,000+14.7%	$2.32K	203,100
Q1 2016Mar 31, 2016	TTE TotalEnergies SE	TotalEnergies SE	Buy	+19,294+4.0%	$25.44K	501,247
Q1 2016Mar 31, 2016	AAP Advance Auto Parts Inc.	Advance Auto Parts Inc.	Buy	+18,522+3.6%	$100.70K	540,052
Q1 2016Mar 31, 2016	RDY Dr. Reddy's Laboratories Ltd	Dr. Reddy's Laboratories Ltd	Buy	+6,100+1.6%	$17.18K	380,200
Q1 2016Mar 31, 2016	UAL United Airlines Holdings, Inc.	United Airlines Holdings, Inc.	Sell	-44-0.0%	$185.91K	2,682,952
Q1 2016Mar 31, 2016	DEO Diageo plc	Diageo plc	Sell	-393-0.3%	$14.88K	137,309
Q1 2016Mar 31, 2016	BAP Credicorp	Credicorp	Sell - Position Exit	-17,266-100.0%	$0.00	-
Q1 2016Mar 31, 2016	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell	-18,511-1.7%	$164.79K	1,099,049
Q1 2016Mar 31, 2016	KEP Korea Electric Power Corporatio	Korea Electric Power Corporatio	Sell	-21,600-8.9%	$5.67K	220,100

Page 92 of 111 • 3329 total trades

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