Clients
Causeway Capital Management serves 1,562 clients, 1,352 of them other individuals. The average client has about $40 million with the firm, and high-net-worth clients hold 0% of its $62.2 billion in assets.
- Investment companies20 clients51%
- Pooled investment vehicles25 clients12%
- Pension and profit-sharing plans23 clients8%
- Charitable organizations30 clients2%
- State or municipal government entities19 clients20%
- OtherSovereign wealth funds and foreign official institutions, Individuals, High-net-worth individuals, Corporations and other businesses7%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,352 | $108,386,495 | 0.2% | $80K |
| High-net-worth individuals | 63 | $302,408,417 | 0.5% | $4.80M |
| Investment companies | 20 | $31,568,745,946 | 50.7% | $1.58B |
| Pooled investment vehicles | 25 | $7,411,123,917 | 11.9% | $296.4M |
| Pension and profit-sharing plans | 23 | $4,876,195,033 | 7.8% | $212.0M |
| Charitable organizations | 30 | $1,426,365,184 | 2.3% | $47.5M |
| State or municipal government entities | 19 | $12,667,501,215 | 20.4% | $666.7M |
| Sovereign wealth funds and foreign official institutions | Not reported | $2,911,663,850 | 4.7% | — |
| Corporations and other businesses | 30 | $969,580,282 | 1.6% | $32.3M |
| Total | 1,562 | $62,241,970,339 | 100% | $39.8M |
- Clients
- 1,352
- Regulatory AUM
- $108,386,495
- Share
- 0.2%
- Avg. per client
- $80K
- Clients
- 63
- Regulatory AUM
- $302,408,417
- Share
- 0.5%
- Avg. per client
- $4.80M
- Clients
- 20
- Regulatory AUM
- $31,568,745,946
- Share
- 50.7%
- Avg. per client
- $1.58B
- Clients
- 25
- Regulatory AUM
- $7,411,123,917
- Share
- 11.9%
- Avg. per client
- $296.4M
- Clients
- 23
- Regulatory AUM
- $4,876,195,033
- Share
- 7.8%
- Avg. per client
- $212.0M
- Clients
- 30
- Regulatory AUM
- $1,426,365,184
- Share
- 2.3%
- Avg. per client
- $47.5M
- Clients
- 19
- Regulatory AUM
- $12,667,501,215
- Share
- 20.4%
- Avg. per client
- $666.7M
- Clients
- Not reported
- Regulatory AUM
- $2,911,663,850
- Share
- 4.7%
- Avg. per client
- —
- Clients
- 30
- Regulatory AUM
- $969,580,282
- Share
- 1.6%
- Avg. per client
- $32.3M
Total
- Clients
- 1,562
- Regulatory AUM
- $62,241,970,339
- Share
- 100%
- Avg. per client
- $39.8M
What it does
Causeway Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Causeway Capital Management advises 11 private funds.
100.0% of assets ($62.24B across 565 accounts) are managed with discretion. $379.1M sits in a wrap fee program the firm both sponsors and manages. 4% of clients are outside the U.S., and 43 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks98%
- Funds1%
- Cash1%
Custodians
Causeway Capital Management’s client accounts are held mainly at State Street Bank and Trust, with 15% of managed assets, and The Northern Trust, with 8%. Causeway Capital Management has custody of $1.56B for 10 clients.
- The Northern TrustThe Northern Trust Company · Chicago, IL · $5.05B8%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $9.13B15%
- BNY MellonBNY Mellon · Pittsburgh, PA · $2.97B5%
- All other custodians$45.09B72%
Ownership and leadership
Causeway Capital Holdings LLC owns 75% or more of Causeway Capital Management, and Sarah Ketterer is its CEO.
- Owns 75% or more of Causeway Capital Management LLC
Causeway Capital Holdings LLC
Control person · since September 2015
- Owns 25% to 50% of Causeway Capital Holdings LLC
Arranmore, L.P.
since September 2015
- Owns 50% to 75% of Arranmore, L.P.
Valerie Hartford
since August 2010
Harry Hartford
Elected manager; general partner · Control person · since August 2010
- Owns 25% to 50% of Causeway Capital Holdings LLC
Ketterer Holdings LP
Control person · since September 2015
- Owns 75% or more of Ketterer Holdings LP
Sarah H. Ketterer Living Trust
Control person · since February 2014
Sarah Ketterer
Trustee; elected manager · Control person · since October 2005
Ketterer Investments Inc
General partner · Control person · since February 2014
Dawn Vroegop
Elected manager · since September 2015
Gracie Fermelia
Elected manager · since September 2015
Leadership
- Sarah KettererChief Executive Officer; Portfolio Manager
- Harry HartfordPresident; Portfolio Manager
- Daniel PhamChief Financial Officer
- Gracie FermeliaChief Operating Officer
- Mindy YuChief Compliance Officer, Deputy General Counsel
- Kurt DeckoGeneral Counsel, Compliance Director
Staff
- 103 employees
- 40 in advisory functions
- 6 broker-dealer reps
Reported holdings
Causeway Capital Management’s reported 13F holdings total $9.24B across 122 positions, and the ten largest make up 65.3% of it.
- $9.24B
- Reported 13F value
- 122
- Positions
- 65.3%
- In the 10 largest
- +13.4%
- Value vs. prior quarter
- Astrazeneca PLC · Sponsored ADR19.0%
- Carnival Corp. Ltd · Unit 99/99/999912.7%
- Deutsche Bank AG · Namen Akt10.8%
- Smurfit Westrock PLC7.5%
- Canadian Pacific Kansas City Ltd6.3%
- Taiwan Semiconductor Manufacturing CO Ltd · Sponsored ADS2.8%
- Alaska Air Group Inc.1.8%
- Carrier Global Corp.1.7%
- Live Nation Entertainment Inc.1.4%
- Merck & CO Inc.1.3%
Together, the ten largest are 65.3% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $9.24B is not its $62.24B in regulatory assets and does not represent any individual client's portfolio.
Fees
Causeway Capital Management is paid through a percentage of assets under management and performance-based fees.
Causeway Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Causeway Capital Management has 2 offices, with 3 listed addresses across 3 states.
California · 1 listed address
- 11111 Santa Monica Boulevard, 15th Floor, Los AngelesHQ
Pennsylvania · 1 listed address
- 925 W. Lancaster Avenue, Bryn Mawr
Texas · 1 listed address
- 2300 N. Field Street, Dallas
Registration details
- Legal name
- Causeway Capital Management LLC
- Headquarters
- 11111 Santa Monica Boulevard, 15th Floor, Los Angeles, CA 90025
- Phone
- 310-231-6100
- Website
- www.causewaycap.com
- SEC file
- 801-60343
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Causeway Capital Management have?
Causeway Capital Management has 1,562 clients and manages $62.2 billion for them, as of March 2026. They include 1,352 other individuals, 63 high-net-worth individuals and 30 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026
What services does Causeway Capital Management offer?
Causeway Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Causeway Capital Management use?
Causeway Capital Management’s separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $9,134,580,989, The Northern Trust Company (Chicago, IL), with $5,045,478,343 and BNY Mellon (Pittsburgh, PA), with $2,972,821,411. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026
How many financial advisors does Causeway Capital Management have?
Causeway Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 103 employees, and 40 perform investment advisory functions. 6 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Causeway Capital Management invest in?
At the end of its last fiscal year, Causeway Capital Management’s separately managed accounts held 98% exchange-traded equities, 1% registered funds (mutual funds, ETFs, BDCs) and 1% cash and equivalents. It advises 11 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Causeway Capital Management?
Causeway Capital Management is owned through a chain of holding companies by Valerie Hartford. Its direct owner is Causeway Capital Holdings LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 23 March 2026
How does Causeway Capital Management get paid?
Causeway Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
