Sarah Ketterer's Causeway Capital Management is back in NetEase Inc (NTES) in 2026 Q2, after 2 quarters out, according to the 13F-HR filed with the SEC on August 13, 2026. The filing lists 572K shares worth about $73.3M at June 30, 2026, 0.79% of the reported portfolio. NTES enters the book as the 24th largest of 122 stock positions.
What did the 2026 Q2 filing report for NTES?
As of June 30, 2026, from the 13F-HR filed August 13, 2026.
| Value | |
|---|---|
| Shares | 572K |
| Reported value | $73.3M |
| Portfolio weight | 0.79% |
| Rank in portfolio | 24th of 122 |
| Sold out in | 2025 Q4 |
| Out for | 2 quarters |
How big is the returning NTES position?
Sarah Ketterer opened 22 stock positions in 2026 Q2; NTES is the largest of them by weight. An average stock position in the Sarah Ketterer portfolio is 1% of the reported value, so the new name starts at about the fund's typical size.
Where does NTES sit in the Sarah Ketterer portfolio?
NTES ranks 24th of 122 stock positions in the Sarah Ketterer portfolio at 0.79%, about the fund's average stock position of 1%. The largest stock position is AZN at 18.97%. Next come CCL at 12.74% and DB at 10.77%. The three largest stocks together are 42.47% of the book. The NTES purchase was the 6th largest of the quarter's 124 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, Sarah Ketterer reported 122 stock positions, with 22 opened and 7 closed. The total portfolio value is about $9.2B, up 13% from the prior quarter.
When did Sarah Ketterer hold NTES before?
Sarah Ketterer held NTES before. The fund first reported the name in the quarter ended December 31, 2014, sold out 4 times, most recently in 2025 Q4, and is back after 2 quarters out. The weight peaked at 1.56% in 2016 Q4. Every reported trade is on the Sarah Ketterer NTES trade history page.
FAQ
How many NTES shares does Sarah Ketterer hold?
Sarah Ketterer holds 572K shares of NTES as of June 30, 2026, worth about $73.3M.
What is NTES's weight in the Sarah Ketterer portfolio?
NTES is 0.79% of the Sarah Ketterer portfolio and ranks 24th of 122 stocks by weight.
Has Sarah Ketterer owned NTES before?
Yes. Sarah Ketterer held NTES before. The fund first reported the name in the quarter ended December 31, 2014, sold out 4 times, most recently in 2025 Q4, and is back after 2 quarters out.