Clearbridge Investments
ClearBridge Investments Growth Strategy
US Large-cap Growth
Dec 2024 → Sep 2026
Our archive holds 6 letters from this strategy, behind 8 investment theses and positions in 40 companies. Every quote below is copied verbatim from the letter it came from.
6 letters in 3 years · follow all of Clearbridge Investments for every strategy.
What it bought and sold
We used AI-related volatility to scale positions in networking companies like Lumentum, Credo Technologies and Astera Labs, broadening our AI exposure within technology.
We reallocated capital toward Fastenal, whose internally managed distribution and trucking network allows for better control over freight costs.
holding through the noise in names like CrowdStrike and adding where conviction was high to names like Snowflake and Cloudflare, has served our clients well.
In industrials, we added to MasTec during its pullback and exited W.W. Grainger, a global distributor of maintenance, repair and operating products.
holding through the noise in names like CrowdStrike and adding where conviction was high to names like Snowflake and Cloudflare, has served our clients well.
In industrials, we added to MasTec during its pullback and exited W.W. Grainger, a global distributor of maintenance, repair and operating products.
Likewise, in financials, we exited Cohen & Steers to pursue more attractive, higher-conviction opportunities.
We also initiated and built a position in Astera Labs, which provides high-speed connectivity solutions that help enable data to move quickly and reliably between GPUs, CPUs, memory, storage and networking components within AI data centers.
Just as importantly, exiting positions with greater vulnerability, such as application software maker HubSpot, has benefited performance.
We used AI-related volatility to scale positions in networking companies like Lumentum, Credo Technologies and Astera Labs, broadening our AI exposure within technology.
In industrials, we took some profits in Vertiv, whose power, thermal management and digital infrastructure solutions continue to benefit from robust data center spending and used part of the proceeds to initiate a position in MasTec, a contractor serving communications, power, energy and civil infrastructure markets.
We exited lower- conviction positions in e.l.f. Beauty and Tractor Supply as decelerating growth and questions around long-term return potential weakened our confidence.
Within IT, we used proceeds from the exits of Palantir Technologies and DocuSign to initiate a position in Cloudflare.
In addition to the transactions mentioned above, the Strategy initiated positions in Credo Technology and Lumentum in the IT sector.
In addition to the transactions mentioned above, the Strategy initiated positions in Credo Technology and Lumentum in the IT sector.
In industrials, we took some profits in Vertiv, whose power, thermal management and digital infrastructure solutions continue to benefit from robust data center spending and used part of the proceeds to initiate a position in MasTec,
We exited lower- conviction positions in e.l.f. Beauty and Tractor Supply as decelerating growth and questions around long-term return potential weakened our confidence.
Within IT, we used proceeds from the exits of Palantir Technologies and DocuSign to initiate a position in Cloudflare.
Within IT, we used proceeds from the exits of Palantir Technologies and DocuSign to initiate a position in Cloudflare.
We exited a position in Doximity in the health care sector.
Also held
Its investment theses
- Astera LabsSep 2026Astera Labs provides high-speed connectivity for AI data centers and could benefit from a broader AI connectivity platform and Amazon's Tranium ramp.
- NateraSep 2025Natera is a molecular diagnostics company with growth potential in cell-free DNA testing, particularly in oncology and women's health, supported by a profitable core business.
- On RunningSep 2025On Holding is a disruptive Swiss designer of premium footwear and apparel poised for market share growth through increased brand awareness and expansion into new sports categories.
- XPO LogisticsSep 2025XPO is well-positioned for margin expansion through improved service levels and strategic leadership initiatives, even in a challenging freight environment.
- VistraMar 2025Vistra is the largest competitive power generator in the U.S., well-positioned to capitalize on favorable long-term fundamentals in deregulated power markets, especially in PJM and ERCOT.
- AppLovinDec 2024AppLovin is the leading mobile game and app advertising platform with strong growth potential in mobile app marketing and e-commerce, driven by its AI technology and controlled expenses.
- Chipotle Mexican GrillDec 2024Chipotle Mexican Grill is a compelling investment opportunity due to its attractive entry point after recent share pullbacks, strong unit economics, plans for store expansion, and initiatives aimed at driving growth and margin expansion.
- Robinhood MarketsDec 2024Robinhood Markets is an established disruptor in retail brokerage poised for growth due to reduced regulatory risks and shifting policies in the cryptocurrency space.