Latest news with #CausewayCapital
Bloomberg
16-05-2025
- Business
- Bloomberg
Why Fiscal Stimulus Works for Some But Not for Others
On this episode of Merryn Talks Money, Causeway Capital's Sarah Ketterer discuses market resilience and the pros and cons of fiscal stimulus. By and Merryn Somerset Webb Save Subscribe to Merryn Talks Money on Apple Podcasts Subscribe to Merryn Talks Money on Spotify Sarah Ketterer, chief executive of Causeway Capital Management, joins this week's Merryn Talks Money to discuss why stocks have rebounded from last month's bloodbath, and why the US market's long-held dominance is nevertheless shifting as investors increasingly seek value beyond its borders—in Europe, Japan and South Korea.
Yahoo
15-05-2025
- Business
- Yahoo
Sarah Ketterer's Strategic Moves: Carnival Corp Takes Center Stage with 10.85% Portfolio Share
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. 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. 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. 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. 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. 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. 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. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
11-05-2025
- Business
- The Sun
Sainsbury's confirms popular range of desserts has been discontinued leaving shoppers gutted
SHOPPERS are disappointed after Sainsbury's quietly scrapped a beloved range of British desserts. The supermarket chain has confirmed that its Patisserie Valerie cake slices are no longer available in stores. Responding to a shopper on social media platform X, the chain wrote: 'Unfortunately this range has been discontinued.' Patisserie Valerie is a British café and bakery chain dating back to 1926, famous for its handcrafted cakes, pastries and continental-style desserts. The cake slices - once sold at 400 Sainsbury's locations – promised to bring high street café luxury to supermarket shelves. The company was bought by Irish private equity firm Causeway Capital Partners in 2019 after it faced financial difficulties. Patisserie Valerie now runs standalone cafés and delivers cakes across the UK through its online service. It is unclear why Sainsbury's decided to ditch the range. No official statement has been made by Patisserie Valerie. It comes as Sainsbury's is rolling out major changes in stores, aimed at streamlining the shopping experience – including upgrades to its SmartShop system. SmartShop allows customers to scan products as they go through stores via a physical handset or app on their phone. But now, the supermarket is trialling brand-new handsets at two locations – Richmond, London, and Kempston, Bedfordshire – that allow users to pay directly on the device by tapping their card, removing the need to queue at all. SAVE AT SAINSBURY'S Once payment is complete, customers can either print a receipt at a designated bay or choose to have one emailed. Darren Sinclair, director of future stores and customer experience at Sainsbury's, said the trial was launched in response to customer feedback, with many shoppers preferring to use a physical handset to save phone battery. Sinclair told The Grocer: "I think about this as trying to reduce friction, improve payment and simplify the shopping journey, as well as the future potential space." He added that wider adoption of SmartShop helps the supermarket better understand customer behaviour. "From a heatmapping perspective we can see how people shop. "We don't see the physical customer, just see the heat, so we can see which ends are looked at, which screens are looked at and the flow around the store." 2
