Insightful Analysis of Sarah Ketterer (Trades, Portfolio)'s First Quarter 2025 13F Filing

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Sarah Ketterer (Trades, Portfolio) recently submitted her 13F filing for the first quarter of 2025, offering a glimpse into her strategic investment decisions. As the CEO and co-founder of Causeway Capital Management, Ketterer is renowned for her expertise in global equities, focusing on international, global, and emerging markets. Her investment approach involves a meticulous screening process of large and mid-sized companies, emphasizing quantitative and value-oriented methods. With a background that includes significant roles at Hotchkis & Wiley and Merrill Lynch Investment Managers, Ketterer brings a wealth of experience to her investment strategies. Her educational credentials include a BA from Stanford University and an MBA from Dartmouth College's Tuck School. Ketterer's portfolio typically comprises 60-80 stocks, selected for their lower price/earnings ratios and higher dividend yields compared to the market.Sarah Ketterer's Strategic Moves: Carnival Corp Takes Center Stage with 10.85% Portfolio Share

Summary of New Buy

Sarah Ketterer (Trades, Portfolio) added a total of 9 stocks, among them:

The most significant addition was Carnival Corp (NYSE:CCL), with 26,565,066 shares, accounting for 10.85% of the portfolio and a total value of $518,815,750 million. The second largest addition to the portfolio was Deutsche Bank AG (NYSE:DB), consisting of 1,513,500 shares, representing approximately 0.75% of the portfolio, with a total value of $36,065,690. The third largest addition was Whirlpool Corp (NYSE:WHR), with 363,785 shares, accounting for 0.69% of the portfolio and a total value of $32,787,920.

Key Position Increases

Sarah Ketterer (Trades, Portfolio) also increased stakes in a total of 42 stocks, among them:

The most notable increase was Canadian Pacific Kansas City Ltd (NYSE:CP), with an additional 1,778,984 shares, bringing the total to 17,208,788 shares. This adjustment represents a significant 11.53% increase in share count, a 2.61% impact on the current portfolio, with a total value of $1,207,605,040. The second largest increase was Alibaba Group Holding Ltd (NYSE:BABA), with an additional 404,842 shares, bringing the total to 1,356,010. This adjustment represents a significant 42.56% increase in share count, with a total value of $179,305,200.

Summary of Sold Out

Sarah Ketterer (Trades, Portfolio) completely exited 26 holdings in the first quarter of 2025, as detailed below:

Check Point Software Technologies Ltd (NASDAQ:CHKP): Sarah Ketterer (Trades, Portfolio) sold all 1,929,604 shares, resulting in an -8.2% impact on the portfolio. Boeing Co (NYSE:BA): Sarah Ketterer (Trades, Portfolio) liquidated all 302,750 shares, causing a -1.22% impact on the portfolio.

Story Continues

Key Position Reduces

Sarah Ketterer (Trades, Portfolio) also reduced positions in 35 stocks. The most significant changes include:

Reduced Bank Bradesco SA (NYSE:BBD) by 32,714,894 shares, resulting in a -90.09% decrease in shares and a -1.42% impact on the portfolio. The stock traded at an average price of $2.07 during the quarter and has returned 29.59% over the past 3 months and 51.43% year-to-date. Reduced TD Synnex Corp (NYSE:SNX) by 465,423 shares, resulting in a -77.99% reduction in shares and a -1.24% impact on the portfolio. The stock traded at an average price of $133.63 during the quarter and has returned -13.39% over the past 3 months and 6.98% year-to-date.

Portfolio Overview

At the first quarter of 2025, Sarah Ketterer (Trades, Portfolio)'s portfolio included 90 stocks. The top holdings included 25.25% in Canadian Pacific Kansas City Ltd (NYSE:CP), 10.85% in Carnival Corp (NYSE:CCL), 4.81% in Barrick Mining Corp (NYSE:B), 3.75% in Alibaba Group Holding Ltd (NYSE:BABA), and 2.54% in Smurfit WestRock PLC (NYSE:SW).

The holdings are mainly concentrated in all 11 industries: Industrials, Consumer Cyclical, Financial Services, Healthcare, Technology, Communication Services, Basic Materials, Consumer Defensive, Energy, Utilities, and Real Estate.Sarah Ketterer's Strategic Moves: Carnival Corp Takes Center Stage with 10.85% Portfolio Share

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

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