As of Q1 2026, this manager reported 107 long-equity positions worth $8.15B in aggregate.
As of Q1 2026, Sarah Ketterer's Causeway Capital Management held 107 long-equity positions with a reported value of $8.15B.
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This tab shows every position the manager opened, added to, reduced, or exited compared with the prior quarter, so you can see exactly what changed. The quarter shown is Q1 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| JLL | JONES LANG LASALLE INC | Add +213.3% | 0.70% | 186,274 | $56.69M | $304.32 | $259.83 - $363.06(43%)$335.84 -> $304.32 |
| BAH | BOOZ ALLEN HAMILTON HOLDING CORP | Add +116.3% | 0.82% | 857,462 | $66.91M | $78.03 | $73.93 - $109.10(12%)$84.89 -> $78.03 |
| AU | ANGLOGOLD ASHANTI PLC | Add +107.0% | 1.06% | 898,816 | $86.24M | $95.95 | $79.99 - $129.14(32%)$85.60 -> $97.36 |
| BA | BOEING CO/THE | Add +106.6% | 0.77% | 313,926 | $62.48M | $199.03 | $187.72 - $254.35(17%)$227.77 -> $199.03 |
| B | BARRICK MINING CORP | Reduce -99.9% | 0.00% | 7,736 | $315.62K | $40.80 | $36.50 - $54.69(24%)$44.08 -> $40.79 |
| RELX | RELX PLC | Add +93.9% | 0.94% | 2,306,409 | $76.46M | $33.15 | $27.57 - $43.36(35%)$39.80 -> $33.15 |
| NWG | NATWEST GROUP PLC | Add +88.3% | 0.55% | 2,988,309 | $44.53M | $14.90 | $13.76 - $19.36(20%)$17.82 -> $14.90 |
| VWO | VANGUARD FTSE EMERGING MARKETS ETF | Reduce -87.7% | 0.01% | 7,469 | $403.7K | $54.05 | $52.20 - $59.09(27%)$54.93 -> $54.05 |
| SAP | SAP SE | Add +81.9% | 0.96% | 456,005 | $78.07M | $171.21 | $163.77 - $255.90(8%)$236.92 -> $171.21 |
| EWT | ISHARES MSCI TAIWAN ETF | Reduce -80.5% | 0.03% | 37,151 | $2.63M | $70.92 | $64.19 - $77.25(52%)$64.77 -> $70.92 |
| DB | DEUTSCHE BANK AG | Add +75.9% | 8.88% | 24,962,034 | $723.33M | $28.98 | $28.12 - $40.43(7%)$39.59 -> $29.78 |
| VEA | VANGUARD FTSE DEVELOPED MARKETS ETF | Add +74.8% | 0.58% | 736,637 | $47.2M | $64.08 | $61.68 - $70.55(27%)$63.20 -> $64.08 |
| QFIN | QFIN HOLDINGS INC | Reduce -74.7% | 0.05% | 330,288 | $4.26M | $12.91 | $12.29 - $20.27(8%)$19.05 -> $12.91 |
| ALK | ALASKA AIR GROUP INC | Add +74.4% | 1.13% | 2,502,211 | $92.03M | $36.78 | $33.03 - $60.63(14%)$51.52 -> $36.78 |
| GSK | GSK PLC | Reduce -67.2% | 0.01% | 11,110 | $613.18K | $55.19 | $47.62 - $61.70(54%)$49.63 -> $55.19 |
| CLS | CELESTICA INC | Reduce -66.2% | 0.09% | 24,809 | $6.98M | $281.19 | $244.51 - $352.20(34%)$302.40 -> $281.68 |
| TME | TENCENT MUSIC ENTERTAINMENT GROUP | Reduce -63.7% | 0.07% | 612,900 | $5.69M | $9.28 | $9.15 - $18.73(1%)$17.86 -> $9.28 |
| WHR | WHIRLPOOL CORP | Add +57.9% | 0.80% | 1,201,993 | $64.81M | $53.92 | $50.41 - $94.82(8%)$74.50 -> $53.92 |
| SNN | SMITH & NEPHEW PLC | Add +57.9% | 0.37% | 953,146 | $30.29M | $31.78 | $31.21 - $37.09(10%)$32.88 -> $31.78 |
| VEU | VANGUARD FTSE ALL-WORLD EX-US ETF | Reduce -57.3% | 0.01% | 6,191 | $464.94K | $75.10 | $72.42 - $82.33(27%)$74.69 -> $75.10 |
| ING | ING GROEP NV | Add +56.6% | 0.49% | 1,537,748 | $40.06M | $26.05 | $24.64 - $31.18(22%)$28.76 -> $26.05 |
| SHG | SHINHAN FINANCIAL GROUP CO LTD | Reduce -56.3% | 0.19% | 253,576 | $15.55M | $61.32 | $52.78 - $73.40(41%)$54.02 -> $61.32 |
| EFA | ISHARES MSCI EAFE ETF | Reduce -54.5% | 0.04% | 37,761 | $3.67M | $97.13 | $93.08 - $105.94(32%)$97.04 -> $97.13 |
| BIIB | BIOGEN INC | Reduce -46.1% | 0.63% | 280,783 | $51.48M | $183.33 | $160.36 - $202.41(55%)$177.82 -> $183.33 |
| FSM | FORTUNA MINING CORP | Add +44.9% | 0.15% | 1,251,045 | $12.4M | $9.91 | $8.39 - $13.85(28%)$9.54 -> $9.93 |
| VSS | VANGUARD FTSE ALL WORLD EX-US SMALL-CAP ETF | Add +42.0% | 0.19% | 103,581 | $15.1M | $145.79 | $140.91 - $160.68(25%)$144.74 -> $145.79 |
| ACWI | ISHARES MSCI ACWI ETF | Add +41.0% | 0.03% | 15,421 | $2.13M | $138.37 | $133.65 - $148.75(31%)$142.49 -> $138.37 |
| BXP | BXP INC | Add +40.0% | 0.24% | 380,761 | $19.76M | $51.90 | $49.72 - $68.91(11%)$67.82 -> $51.90 |
| RNR | RENAISSANCERE HOLDINGS LTD | Add +39.6% | 0.00% | 994 | $295.45K | $297.23 | $268.46 - $315.88(61%)$272.24 -> $297.23 |
| BP | BP PLC | Reduce -39.2% | 0.58% | 997,934 | $46.9M | $47.00 | $33.40 - $48.27(91%)$35.83 -> $47.00 |
| DEO | DIAGEO PLC | Add +37.3% | 0.61% | 666,314 | $49.61M | $74.45 | $72.45 - $102.74(7%)$87.09 -> $74.45 |
| PDD | PDD HOLDINGS INC | Reduce -36.2% | 0.30% | 237,010 | $24.22M | $102.18 | $95.37 - $125.36(23%)$115.75 -> $102.18 |
| META | META PLATFORMS INC | Add +31.2% | 1.02% | 144,799 | $82.84M | $572.13 | $520.26 - $744.00(23%)$650.41 -> $572.13 |
| MT | ARCELORMITTAL SA | Reduce -31.0% | 0.17% | 265,697 | $13.81M | $51.98 | $46.13 - $67.60(27%)$47.20 -> $51.98 |
| CP | CANADIAN PACIFIC KANSAS CITY LTD | Reduce -30.2% | 8.47% | 8,792,381 | $689.86M | $78.46 | $70.01 - $89.42(44%)$74.45 -> $78.66 |
| EFXT | ENERFLEX LTD | Reduce -27.9% | 0.01% | 52,946 | $1.1M | $20.85 | $14.67 - $23.82(68%)$15.94 -> $20.92 |
| ZIM | ZIM INTEGRATED SHIPPING SERVICES LTD | Reduce -26.7% | 0.29% | 889,550 | $23.44M | $26.35 | $20.07 - $29.97(63%)$21.91 -> $26.35 |
| FIX | COMFORT SYSTEMS USA INC | Reduce -24.3% | 0.00% | 184 | $253.73K | $1378.99 | $938.40 - $1500.00(78%)$1003.64 -> $1378.99 |
| NGG | NATIONAL GRID PLC | Reduce -24.1% | 0.56% | 538,761 | $45.58M | $84.60 | $76.95 - $94.64(43%)$78.70 -> $84.60 |
| INFY | INFOSYS LTD | Reduce -23.6% | 0.31% | 1,896,488 | $25.62M | $13.51 | $12.57 - $19.45(14%)$18.15 -> $13.51 |
| ADI | ANALOG DEVICES INC | Reduce -23.3% | 0.79% | 201,819 | $64.21M | $318.14 | $270.46 - $363.20(51%)$273.74 -> $318.14 |
| NVS | NOVARTIS AG | Reduce -23.1% | 0.00% | 1,487 | $227.17K | $152.77 | $135.55 - $170.46(49%)$138.54 -> $152.75 |
| MSFT | MICROSOFT CORP | Reduce -20.0% | 0.00% | 772 | $285.77K | $370.17 | $356.28 - $489.70(10%)$472.94 -> $370.17 |
| INDA | ISHARES MSCI INDIA ETF | Add +18.9% | 0.26% | 459,200 | $21.51M | $46.84 | $45.21 - $54.58(17%)$54.56 -> $46.84 |
| SW | SMURFIT WESTROCK PLC | Reduce -18.6% | 7.61% | 15,566,028 | $620.31M | $39.85 | $36.00 - $52.65(23%)$39.60 -> $39.85 |
| MRK | MERCK & CO INC | Reduce -18.2% | 1.26% | 854,212 | $102.75M | $120.29 | $104.43 - $125.14(77%)$106.45 -> $120.29 |
| NVO | NOVO NORDISK A/S | Add +18.1% | 0.53% | 1,174,213 | $43.15M | $36.75 | $35.12 - $64.16(6%)$52.39 -> $36.75 |
| LYV | LIVE NATION ENTERTAINMENT INC | Add +17.7% | 0.99% | 526,418 | $80.28M | $152.51 | $136.42 - $168.54(50%)$145.31 -> $152.51 |
| AZN | ASTRAZENECA PLC | New | 17.66% | 7,421,749 | $1.44B | $193.78 | $178.08 - $212.71(45%)$183.14 -> $197.22 |
| BUD | ANHEUSER-BUSCH INBEV SA/NV | Reduce -17.3% | 0.49% | 580,131 | $40.24M | $69.37 | $62.43 - $81.56(36%)$63.71 -> $69.37 |
| CARR | CARRIER GLOBAL CORP | Add +13.7% | 1.45% | 2,102,878 | $118.41M | $56.31 | $50.24 - $68.33(34%)$53.52 -> $56.31 |
| AXS | AXIS CAPITAL HOLDINGS LTD | Add +13.1% | 1.02% | 815,794 | $82.73M | $101.41 | $98.24 - $108.18(32%)$104.26 -> $101.41 |
| FINV | FINVOLUTION GROUP | Reduce -13.1% | 0.14% | 2,401,084 | $11.5M | $4.79 | $4.50 - $6.39(15%)$5.22 -> $4.79 |
| PUK | PRUDENTIAL PLC | Reduce -12.4% | 0.46% | 1,321,151 | $37.56M | $28.43 | $27.23 - $34.03(18%)$31.64 -> $28.43 |
| PHG | KONINKLIJKE PHILIPS NV | Add +11.7% | 0.83% | 2,456,190 | $67.3M | $27.40 | $26.07 - $33.44(18%)$27.07 -> $27.40 |
| BABA | ALIBABA GROUP HOLDING LTD | Reduce -11.2% | 1.65% | 1,068,890 | $134.1M | $125.46 | $121.16 - $181.10(7%)$155.74 -> $125.46 |
| ZBH | ZIMMER BIOMET HOLDINGS INC | Add +10.9% | 0.90% | 808,110 | $73.07M | $90.42 | $84.59 - $101.49(34%)$90.02 -> $90.42 |
| WB | WEIBO CORP | Reduce -10.9% | 0.29% | 2,666,202 | $23.33M | $8.75 | $8.36 - $11.28(13%)$10.54 -> $8.75 |
| CCL | CARNIVAL CORP | Add +9.3% | 11.79% | 37,096,593 | $960.06M | $25.88 | $23.47 - $34.03(23%)$30.92 -> $25.88 |
| C | CITIGROUP INC | Reduce -9.0% | 0.88% | 634,931 | $72.01M | $113.41 | $102.01 - $125.16(49%)$118.70 -> $113.41 |
| GOOG | ALPHABET INC | Reduce -8.8% | 1.19% | 337,298 | $96.76M | $286.86 | $271.54 - $350.15(19%)$315.32 -> $286.86 |
| BCS | BARCLAYS PLC | Add +8.6% | 1.06% | 4,074,067 | $86.21M | $21.16 | $19.84 - $27.70(17%)$26.05 -> $21.16 |
| PFE | PFIZER INC | Reduce -8.5% | 0.66% | 1,914,219 | $53.75M | $28.08 | $24.83 - $28.31(93%)$25.18 -> $28.08 |
| SMFG | SUMITOMO MITSUI FINANCIAL GROUP INC | Add +7.6% | 0.31% | 1,267,248 | $25.03M | $19.75 | $18.94 - $24.34(15%)$19.45 -> $19.75 |
| YY | JOYY INC | Reduce -7.6% | 0.54% | 750,751 | $43.84M | — | - |
| G | GENPACT LTD | Reduce -6.5% | 0.89% | 1,948,677 | $72.59M | $37.25 | $34.79 - $48.42(18%)$45.91 -> $37.25 |
| WIT | WIPRO LTD | Reduce -6.4% | 0.01% | 443,164 | $939.51K | $2.12 | $2.05 - $3.06(7%)$2.92 -> $2.12 |
| GGB | GERDAU SA | Reduce -5.8% | 0.30% | 6,841,155 | $24.7M | $3.61 | $3.14 - $4.66(31%)$3.78 -> $3.61 |
| IBN | ICICI BANK LTD | Reduce -5.5% | 0.14% | 450,887 | $11.68M | $25.90 | $25.08 - $31.78(12%)$29.99 -> $25.90 |
| HDB | HDFC BANK LTD | Reduce -5.5% | 0.12% | 399,171 | $9.93M | $24.88 | $23.91 - $36.73(8%)$36.48 -> $24.88 |
| MMYT | MAKEMYTRIP LTD | Reduce -5.3% | 0.03% | 64,544 | $2.41M | $37.29 | $32.67 - $85.37(9%)$81.89 -> $37.29 |
| IR | INGERSOLL RAND INC | Add +4.9% | 0.62% | 626,062 | $50.16M | $80.12 | $76.70 - $100.96(14%)$79.76 -> $80.12 |
| EG | EVEREST GROUP LTD | Add +4.8% | 1.00% | 250,008 | $81.72M | $326.85 | $306.09 - $348.31(49%)$334.48 -> $326.85 |
| NVDA | NVIDIA CORP | Reduce -4.5% | 0.01% | 3,589 | $625.92K | $174.40 | $164.27 - $197.63(30%)$188.85 -> $174.40 |
| BTI | BRITISH AMERICAN TOBACCO PLC | Add +3.7% | 0.36% | 500,864 | $29.29M | $58.47 | $53.28 - $63.22(52%)$56.55 -> $58.47 |
| CFG | CITIZENS FINANCIAL GROUP INC | Add +3.4% | 0.77% | 1,048,526 | $62.88M | $59.97 | $55.49 - $68.79(34%)$59.39 -> $59.97 |
| TIGO | MILLICOM INTERNATIONAL CELLULAR SA | Reduce -3.4% | 0.19% | 208,718 | $15.64M | $74.94 | $49.40 - $77.33(91%)$56.55 -> $74.94 |
| CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CORP | Reduce -3.1% | 1.13% | 1,504,253 | $92.29M | $61.35 | $58.84 - $87.03(9%)$81.28 -> $61.35 |
| AAPL | APPLE INC | Add +2.8% | 0.00% | 923 | $234.25K | $253.79 | $243.42 - $280.91(28%)$271.01 -> $253.79 |
| SMIN | ISHARES MSCI INDIA SMALL-CAP ETF | Add +2.8% | 0.35% | 471,654 | $28.28M | $59.96 | $57.78 - $70.63(17%)$70.01 -> $59.96 |
| DIS | WALT DISNEY CO/THE | Add +2.5% | 0.66% | 559,882 | $53.96M | $96.38 | $92.19 - $116.03(18%)$111.85 -> $96.38 |
| APTV | APTIV PLC | Add +2.2% | 0.58% | 683,463 | $47.46M | $69.44 | $65.63 - $88.93(16%)$78.44 -> $69.44 |
| AVGO | BROADCOM INC | Add +1.9% | 0.00% | 843 | $260.92K | $309.51 | $289.96 - $360.66(28%)$347.62 -> $309.51 |
| BAP | CREDICORP LTD | Add +1.3% | 1.02% | 245,113 | $83.14M | $339.18 | $284.76 - $380.20(57%)$286.41 -> $339.18 |
| DTE | DTE ENERGY CO | New | 0.58% | 322,015 | $47.09M | $146.22 | $126.62 - $154.63(70%)$130.36 -> $146.22 |
| TXN | TEXAS INSTRUMENTS INC | New | 0.49% | 206,214 | $40.03M | $194.14 | $174.91 - $231.32(34%)$177.52 -> $194.14 |
| TAL | TAL EDUCATION GROUP | New | 0.49% | 3,478,417 | $39.55M | $11.37 | $10.15 - $13.23(40%)$11.49 -> $11.37 |
| PBR-A | PETROLEO BRASILEIRO SA - PETROBRAS | New | 0.34% | 1,495,664 | $28.04M | $18.75 | $10.95 - $19.34(93%)$11.33 -> $18.75 |
| UNH | UNITEDHEALTH GROUP INC | New | 0.24% | 71,864 | $19.45M | $270.59 | $255.97 - $357.87(14%)$336.40 -> $270.59 |
| VIST | VISTA ENERGY SAB DE CV | New | 0.20% | 220,918 | $16.67M | $75.47 | $43.71 - $79.20(89%)$48.81 -> $75.47 |
| CIB | GRUPO CIBEST SA | New | 0.12% | 132,364 | $9.64M | $72.81 | $62.44 - $86.31(43%)$63.20 -> $72.81 |
| KSA | ISHARES MSCI SAUDI ARABIA ETF | New | 0.03% | 52,898 | $2.1M | $39.75 | $35.89 - $40.19(90%)$36.77 -> $39.75 |
| SCZ | ISHARES MSCI EAFE SMALL-CAP ETF | New | 0.01% | 7,100 | $556.71K | $78.41 | $75.45 - $86.13(28%)$78.21 -> $78.41 |
| HAFN | HAFNIA LTD | New | 0.01% | 54,367 | $416.25K | $7.66 | $5.17 - $7.96(89%)$5.21 -> $7.60 |
| BWLP | BW LPG LTD | New | 0.00% | 15,291 | $268.74K | $17.58 | $12.62 - $18.84(80%)$12.80 -> $17.37 |
| ALL | ALLSTATE CORP/THE | New | 0.00% | 1,005 | $208.38K | $207.34 | $191.13 - $216.75(63%)$203.82 -> $207.34 |
| ALLY | ALLY FINANCIAL INC | Sold | — | 0 | $0 | — | - |
| AZN | ASTRAZENECA PLC | Sold | — | 0 | $0 | — | - |
| GRPU | GRANITE REAL ESTATE INVESTMENT TRUST | Sold | — | 0 | $0 | — | - |
| GPK | GRAPHIC PACKAGING HOLDING CO | Sold | — | 0 | $0 | — | - |
| MOMO | HELLO GROUP INC | Sold | — | 0 | $0 | — | - |
| EWZ | ISHARES MSCI BRAZIL ETF | Sold | — | 0 | $0 | — | - |
| EZA | ISHARES MSCI SOUTH AFRICA ETF | Sold | — | 0 | $0 | — | - |
| EWY | ISHARES MSCI SOUTH KOREA ETF | Sold | — | 0 | $0 | — | - |
| URTH | ISHARES MSCI WORLD ETF | Sold | — | 0 | $0 | — | - |
| KEP | KOREA ELECTRIC POWER CORP | Sold | — | 0 | $0 | — | - |
| PBYI | PUMA BIOTECHNOLOGY INC | Sold | — | 0 | $0 | — | - |
| VALE | VALE SA | Sold | — | 0 | $0 | — | - |
| VIPS | VIPSHOP HOLDINGS LTD | Sold | — | 0 | $0 | — | - |
| ASHR | XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF | Sold | — | 0 | $0 | — | - |
| GFI | GOLD FIELDS LTD | Add +0.8% | 0.91% | 1,634,170 | $74.19M | $45.40 | $38.38 - $61.64(30%)$43.56 -> $45.40 |
| TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Reduce -0.6% | 2.11% | 508,471 | $171.84M | $337.95 | $311.70 - $390.21(33%)$319.61 -> $337.95 |
| CGAU | CENTERRA GOLD INC | Reduce -0.4% | 0.27% | 1,245,027 | $22.07M | $17.73 | $13.75 - $21.17(54%)$14.14 -> $17.79 |
| SNY | SANOFI SA | Add +0.1% | 0.63% | 1,064,516 | $51.29M | $48.18 | $43.32 - $49.42(80%)$48.23 -> $48.18 |
| PAGS | PAGSEGURO DIGITAL LTD | Reduce -0.0% | 0.50% | 4,044,350 | $40.52M | $10.02 | $9.20 - $12.32(26%)$9.67 -> $10.02 |