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

• Warning! GuruFocus has detected 6 Warning Signs with CP.

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.

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.