Clearbridge Investments portfolio

What changed this quarter

585 positions with a change (44 new, 198 added to, 302 trimmed, 41 sold); also, 4 entered through an IPO, 2 entered through a spin-off. 1 is listed here: those of 0.5 points of the portfolio or more (up to 12).

• Microsoft−33%fewer sharesReduced
  3.0% → 1.9%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA5.4%
• AlphabetGOOGL3.4%
• AppleAAPL3.4%
• Amazon.comAMZN2.4%
• BroadcomAVGO2.3%
• Taiwan Semiconductor ManufacturingTSM1.9%
• MicrosoftMSFT1.9%
• VisaV1.8%
• Meta PlatformsMETA1.8%
• Williams CompaniesWMB1.5%
• ASML HoldingASML1.5%
• Palo Alto NetworksPANW1.2%
• JPMorgan ChaseJPM1.1%
• Johnson & JohnsonJNJ1.1%
• LindeLIN1.1%
• Texas InstrumentsTXN1.0%
• Vertex PharmaceuticalsVRTX1.0%
• Exxon MobilXOM1.0%
• NetflixNFLX0.9%
• EatonETN0.9%
• W.W. GraingerGWW0.8%
• Arista NetworksANET0.8%
• AstrazenecaAZN0.8%
• Travelers CompaniesTRV0.8%
• RTXRTX0.7%
• CVS HealthCVS0.7%
• TeslaTSLA0.7%
• Thermo Fisher ScientificTMO0.7%
• Union PacificUNP0.7%
• EntergyETR0.7%
• Marsh & Mclennan CompaniesMRSH0.6%
• Sherwin-williamsSHW0.6%
• Air Products and ChemicalsAPD0.6%
• TE ConnectivityTEL0.6%
• TJXTJX0.6%
• Canadian National RailwayCNI0.6%
• AirbnbABNB0.6%
• BlackstoneBX0.6%
• Bank of AmericaBAC0.6%
• Vulcan MaterialsVMC0.6%
• Coca-ColaKO0.6%
• TC EnergyTRP0.5%
• CrowdStrike HoldingsCRWD0.5%
• Vertiv HoldingsVRT0.5%
• OracleORCL0.5%
• Pembina PipelinePBA0.5%
• American TowerAMT0.5%
• Apollo Global ManagementAPO0.5%
• Public StoragePSA0.5%
• Eli LillyLLY0.5%
• Procter & GamblePG0.5%
• Johnson Controls InternationalJCI0.5%
• Waste ManagementWM0.4%
• L3harris TechnologiesLHX0.4%
• Monster BeverageMNST0.4%
• Otis WorldwideOTIS0.4%
• SempraSRE0.4%
• Micron TechnologyMU0.4%
• Freeport-McMoRanFCX0.4%
• Becton, DickinsonBDX0.4%
• XPOXPO0.4%
• Automatic Data ProcessingADP0.4%
• Intuitive SurgicalISRG0.4%
• PNC Financial Services GroupPNC0.4%
• MetLifeMET0.4%
• Capital One FinancialCOF0.4%
• Home DepotHD0.4%
• T-mobile USTMUS0.4%
• Advanced Micro DevicesAMD0.4%
• ComcastCMCSA0.3%
• OneokOKE0.3%
• UBER TechnologiesUBER0.3%
• Brookfield RenewableBEPC0.3%
• Alnylam PharmaceuticalsALNY0.3%
• StrykerSYK0.3%
• Performance Food GroupPFGC0.3%
• Vistra OperationsVST0.3%
• SynopsysSNPS0.3%
• EnbridgeENB0.3%
• Walt DisneyDIS0.3%
• ShopifySHOP0.3%
• Chipotle Mexican GrillCMG0.3%
• Clean HarborsCLH0.3%
• Pg&ePCG0.3%
• Portland General ElectricPOR0.3%
• ChevronCVX0.3%
• Hilton Worldwide HoldingsHLT0.3%
• OGE EnergyOGE0.3%
• AppLovinAPP0.3%
• ServiceNowNOW0.3%
• WalmartWMT0.3%
• UnitedHealth GroupUNH0.3%
• South BOWSOBO0.3%
• SnowflakeSNOW0.3%
• Old Dominion Freight LineODFL0.3%
• HaleonHLN0.2%
• Space Exploration TechnologiesSPCX0.2%
• DatadogDDOG0.2%
• Honeywell InternationalHON0.2%
• Honeywell AerospaceHONA0.2%