Latest news with #SarahKetterer
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
Wall Street Journal
03-04-2025
- Business
- Wall Street Journal
Investors Scramble to Position for Trump's Tariffs
Investors across Wall Street found themselves caught off guard by Trump's tariffs, which were far worse than many anticipated. Many of them rushed to rejigger portfolios early Thursday, driving sharp swings in everything from big technology stocks to ultrasafe Treasurys and oil prices. The S&P 500, now down around 11% from its record high, and is on track to close at a new 2025 low. Investors often know how to navigate most market-moving events, like a Federal Reserve meeting or a report on inflation. The tariffs have been different. 'I'm bewildered,' said Sarah Ketterer, chief executive and portfolio manager at Causeway Capital Management. 'We're sailing into some seriously uncharted waters.' Money managers said they were growing more pessimistic about the economy after the Wednesday announcement, and were struggling to gauge how countries around the world would respond. Read more:
