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Clearbridge Investments

Dec 2024 → Jun 2026 · Publishes quarterly · 27 funds

Our archive holds 66 letters from Clearbridge Investments, behind 56 investment theses and positions in 178 companies. Every quote below is copied verbatim from the letter it came from.

Clearbridge Investments’s own letters page
66
Letters
178
Companies
124
Moves
56
Theses

What they bought and sold · 124 moves

  • ExitedComfort Systems
    June 2026
    “We profitably exited the name during the quarter.”
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  • ExitedRoblox
    June 2026
    “We exited Roblox in communication services, Boston Scientific and AbbVie in health care and Solstice Advanced Materials in materials.”
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  • ExitedL3Harris Technologies
    June 2026
    “We exited Diageo in consumer staples, DTE Energy in utilities, L3Harris Technologies in industrials, UnitedHealth in health care and Freeport-McMoRan in materials.”
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  • ExitedPublic Service Enterprise Group
    June 2026
    “At the same time, we exited U.S. electric utility Public Service Enterprise Group (PSEG), Australian toll road operator Atlas Arteria and U.K. electric utility SSE.”
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  • ExitedEnsign Group
    June 2026
    “Ensign Group, a skilled nursing facility operator, was pressured after regulatory and short-seller-related concerns emerged, reducing visibility and causing us to exit the position.”
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  • New positionSK Square
    June 2026
    “Conglomerate SK Square further diversifies our South Korea exposure.”
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  • New positionAccton Technology
    June 2026
    “In Taiwan, we purchased Accton Technology and Elite Material.”
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  • New positionElite Material
    June 2026
    “In Taiwan, we purchased Accton Technology and Elite Material.”
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  • New positionPrio
    June 2026
    “We also purchased Brazil oil and gas exploration and production company Prio.”
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  • ExitedAdyen
    June 2026
    “In addition, we harvested gains in German exchange and financial data provider Deutsche Boerse and also sold Dutch payments provider Adyen.”
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  • New positionCisco Systems
    June 2026
    “During the quarter, we initiated new positions in SpaceX in communication services, Micron Technology, Cisco Systems, Advanced Micro Devices and Texas Instruments in IT and Diamondback Energy in energy.”
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  • New positionTexas Instruments
    June 2026
    “During the quarter, we initiated new positions in SpaceX in communication services, Micron Technology, Cisco Systems, Advanced Micro Devices and Texas Instruments in IT and Diamondback Energy in energy.”
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  • ExitedBoston Scientific
    June 2026
    “We exited Roblox in communication services, Boston Scientific and AbbVie in health care and Solstice Advanced Materials in materials.”
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  • ExitedTencent
    June 2026
    “Other notable moves included the sale of Chinese digital conglomerate Tencent, an out-of-benchmark position that helped fund the increase of our Japan exposure.”
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  • New positionBoston Scientific
    June 2026
    “we initiated a position in Boston Scientific in the health care sector and closed out of Parker- Hannifin in the industrials sector and S&P Global in the financials sector.”
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  • New positionKioxia
    June 2026
    “The Strategy was also hurt by not owning several IT stocks in the index that soared due to AI demand, such as Japanese memory manufacturer Kioxia, which we purchased in late June.”
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  • TrimmedNatWest Group
    June 2026
    “We took profits in U.K. bank NatWest Group and Italian bank Intesa Sanpaolo as earnings progression has slowed and to focus on companies with long-term growth drivers at more attractive valuations like Swiss investment bank and wealth manager UBS Group.”
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  • New positionPrudential
    June 2026
    “We also swapped French insurer AXA Group for U.K. insurer Prudential, which has improved distribution and streamlined its platforms in Asia.”
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  • AddedDeutsche Boerse
    June 2026
    “In addition, we harvested gains in German exchange and financial data provider Deutsche Boerse and also sold Dutch payments provider Adyen.”
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  • New positionAnheuser-Busch InBev
    June 2026
    “In addition to the transactions mentioned above, the Strategy repurchased ABB, Recruit Holdings, Atlas Copco and Mitsubishi Electric in industrials and added Anheuser-Busch InBev in consumer staples.”
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  • ExitedSAP
    June 2026
    “We also closed positions in SAP in IT, Agnico Eagle Mines and Heidelberg Materials in materials and Wuxi AppTec in health care.”
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  • ExitedWuxi AppTec
    June 2026
    “We also closed positions in SAP in IT, Agnico Eagle Mines and Heidelberg Materials in materials and Wuxi AppTec in health care.”
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  • ExitedAgnico Eagle Mines
    June 2026
    “We also closed positions in SAP in IT, Agnico Eagle Mines and Heidelberg Materials in materials and Wuxi AppTec in health care.”
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  • ExitedHeidelberg Materials
    June 2026
    “We also closed positions in SAP in IT, Agnico Eagle Mines and Heidelberg Materials in materials and Wuxi AppTec in health care.”
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  • New positionGuardant Health
    June 2026
    “Health care activity included a new position in Guardant Health.”
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  • New positionMACOM Technology Solutions
    June 2026
    “In IT, we added Fabrinet and MACOM Technology Solutions to increase exposure to AI networking and data connectivity growth.”
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  • ExitedSilicon Laboratories
    June 2026
    “On the sell side, we exited specialty insurance distributor Ryan Specialty due to softer insurance conditions, margin pressure and AI- related uncertainty; Silicon Laboratories following its proposed acquisition by Texas Instruments; cosmetics and skin care maker e.l.f. Beauty as execution and innovation concerns weakened the thesis; and medical device company Penumbra following its announced acquisition by Boston Scientific.”
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  • ExitedPenumbra
    June 2026
    “On the sell side, we exited specialty insurance distributor Ryan Specialty due to softer insurance conditions, margin pressure and AI- related uncertainty; Silicon Laboratories following its proposed acquisition by Texas Instruments; cosmetics and skin care maker e.l.f. Beauty as execution and innovation concerns weakened the thesis; and medical device company Penumbra following its announced acquisition by Boston Scientific.”
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  • New positionSterling Infrastructure
    June 2026
    “we initiated positions in Arxis, Sterling Infrastructure, and Woodward in the industrials sector, SiTime, Cipher Digital, D-Wave Quantum and DigitalOcean in the IT sector, Liftoff Mobile in the communication services sector and Axsome Therapeutics, Vaxcyte and Kymera Therapeutics in the health care sector.”
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  • New positionWoodward
    June 2026
    “we initiated positions in Arxis, Sterling Infrastructure, and Woodward in the industrials sector, SiTime, Cipher Digital, D-Wave Quantum and DigitalOcean in the IT sector, Liftoff Mobile in the communication services sector and Axsome Therapeutics, Vaxcyte and Kymera Therapeutics in the health care sector.”
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Showing the 30 most recent of 124 recorded moves.

Companies held · 178

Every company Clearbridge Investments has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 56

  • Otis
    June 2026

    Otis is described as a high-quality business with strong economics purchased at a compelling valuation.

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  • SK Square
    June 2026

    SK Square is attractive because most of its NAV is SK Hynix and the holding company discount could narrow meaningfully by 2028.

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  • Accton Technology
    June 2026

    Accton Technology is a high-quality compounder in network switches, supported by AI data traffic growth, customer relationships, and an asset-light model.

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  • Elite Material
    June 2026

    Elite Material is a structural AI infrastructure enabler with pricing power and high barriers to entry.

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  • Seagate Technology
    June 2026

    Seagate Technology is a storage provider benefiting from structurally rising demand for low-cost, high-capacity AI infrastructure storage.

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  • Nokia
    June 2026

    Nokia has shifted into long-haul optical and laser solutions and is expanding capacity to meet AI connectivity demand.

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  • Fabrinet
    June 2026

    Fabrinet is a leading contract manufacturer of optical communications components, benefiting from AI-driven demand for data center and telecom networking.

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  • MACOM Technology Solutions
    June 2026

    MACOM Technology Solutions uses compound semiconductor expertise to provide differentiated exposure to AI, defense and satellite communications.

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  • SpaceX
    June 2026

    SpaceX is a diversified aerospace and communications company with a technology lead, reusable rockets, and a vertically integrated model that support expansion into new markets.

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  • Micron Technology
    June 2026

    Micron Technology is a leading memory provider positioned to benefit from AI infrastructure investment and offers differentiated exposure to the AI buildout.

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  • Brookfield Renewable
    June 2026

    Brookfield Renewable is a diversified renewables developer with an 85 GW pipeline and targeted double-digit cash flow growth through 2030.

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  • Waste Connections
    June 2026

    Waste Connections is held as a high-quality recurring-services business with durable pricing power and margin expansion potential.

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Showing the 48 most recent of 56 theses. Browse them by company to see the rest.

Letter archive · 66

2026

2025

2024

Funds · 27

  • ClearBridge Investments Growth Strategy5
  • ClearBridge Investments Canadian Equity Strategy4
  • ClearBridge Investments International Growth EAFE Strategy4
  • ClearBridge Investments Large Cap Growth Strategy4
  • ClearBridge Investments SMID Cap Growth Strategy4
  • ClearBridge Investments Value Strategy4
  • Clearbridge Mid Cap Strategy4
  • ClearBridge Investments Global Infrastructure Income Strategy3
  • ClearBridge Investments Global Infrastructure Value Strategy3
  • Clearbridge Mid Cap Growth Strategy3
  • Clearbridge Small Cap Growth Strategy3
  • Clearbridge All Cap Growth Strategy2
  • Clearbridge Global Growth Strategy2
  • ClearBridge Investments Appreciation Strategy2
  • ClearBridge Investments Dividend Strategy2
  • ClearBridge Investments Emerging Markets Strategy2
  • Clearbridge Large Cap Growth ESG Strategy2
  • Clearbridge Large Cap Value Strategy2
  • Clearbridge Small Cap Strategy2
  • Clearbridge Sustainability Leaders Strategy2
  • Clearbridge1
  • Clearbridge Canadian Dividend Strategy1
  • Clearbridge International Growth ADR Strategy1
  • Clearbridge International Value Strategy1
  • ClearBridge Investments ESG Investment1
  • ClearBridge Investments The Long View: Not a Straight Line1
  • Clearbridge The Long View Bubble or Boom1

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