CIK: 0001348883
Total reported value
$114.9B
Reporting period: 2026-03-31 · Number of holdings: 794
Clearbridge Investments, LLC disclosed 794 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $114.9B and a quarterly turnover rate of 27.4%.
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Clearbridge Investments, LLC's disclosed holdings carry a Herfindahl concentration index of 0.011 — mathematically equivalent to about 93 equally-sized positions, well below its 794 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.53), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim MSFT
-10.5% -$1.6B
Trim AVGO
-15.4% -$828.9M
Trim AMZN
-13.5% -$846.8M
Add WMB
+9.0% $409.4M
Add NFLX
+17.3% $317.6M
Add HON
+170.3% $423.9M
Clearbridge is actively rotating capital out of mega-cap tech stalwarts into defensive pharma, a clear Alpha hunt betting on a regime change from growth to value/defense. The trims on MSFT, AMZN, NVDA, and new AZN stake signal conviction that tech's multiple expansion has peaked.
By trimming the very names that powered the last cycle—MSFT, AMZN, NVDA—Clearbridge is pricing in a macro shift from Fed liquidity-driven growth premium to a quality/defensive regime where pricing power and earnings stability reprice higher. The opposing thesis: AI productivity gains continue to get repriced higher, and this rotation is a yield-chasing trap that leaves alpha on the table.
The 690-name portfolio's extreme diversification masks the fact that the contrarian trimming of tech is now the consensus trade, exposing Clearbridge to a reflexivity squeeze if this positioning becomes overcrowded and the natural seller base dries up.
Sourced and summarized by AI from public SEC filings, limited to historical activity. Not investment guidance.
Showing top 200 holdings (of 794 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 4.92% | -0.08% | -3.18% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 2.99% | -1.02% | -10.50% | |
| 3 | AAPL | Apple INC | Stock-Tech | 2.90% | -0.17% | -6.78% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.63% | — | +3.15% | |
| 5 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.62% | -0.47% | -13.51% | |
| 6 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.35% | -0.31% | -6.08% | |
| 7 | AVGO | Broadcom INC | Stock-Tech | 2.24% | -0.49% | -15.39% | |
| 8 | V | Visa Inc-class A Shares | Stock-Financials | 1.70% | -0.16% | -2.60% | |
| 9 | NFLX | Netflix INC | Stock-Comm Services | 1.64% | +0.39% | +17.33% | |
| 10 | WMB | Williams Cos INC | Stock-Energy | 1.47% | +0.44% | +8.97% | |
| 11 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.40% | +0.33% | +7.53% | |
| 12 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.20% | +0.27% | +0.69% | |
| 13 | LIN | Linde plc | Stock-Materials | 1.15% | +0.30% | +7.88% | |
| 14 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.10% | -0.09% | -6.63% | |
| 15 | ASML | ASML Holding N.V. | Stock-Tech | 1.06% | — | -20.14% | |
| 16 | VRTX | Vertex Pharmaceuticals INC | Stock-Healthcare | 1.05% | — | -5.57% | |
| 17 | XOM | Exxon Mobil CORP | Stock-Energy | 1.02% | — | -23.32% | |
| 18 | ETN | Eaton Corporation plc | Stock-Industrials | 0.99% | — | -2.27% | |
| 19 | MRSH | Marsh & Mclennan Cos | Stock-Financials | 0.97% | +0.22% | +26.53% | |
| 20 | RTX | Rtx CORP | Stock-Industrials | 0.92% | — | -13.55% | |
| 21 | AZN | AstraZeneca PLC | Stock-Healthcare | 0.89% | +0.89% | NEW | |
| 22 | LHX | L3harris Technologies INC | Stock-Industrials | 0.83% | — | -10.82% | |
| 23 | GWW | Ww Grainger INC | Stock-Industrials | 0.80% | — | +0.15% | |
| 24 | TEL | TE Connectivity plc | Stock-Tech | 0.76% | — | -8.15% | |
| 25 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.74% | — | -1.22% | |
| 26 | TXN | Texas Instruments INC | Stock-Tech | 0.74% | +0.32% | +42.51% | |
| 27 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.71% | — | -2.51% | |
| 28 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.69% | -0.17% | -13.53% | |
| 29 | PANW | Palo Alto Networks INC | Stock-Tech | 0.69% | -0.14% | -12.33% | |
| 30 | ETR | Entergy CORP | Stock-Utilities | 0.67% | — | +2.57% | |
| 31 | APD | Air Products & Chemicals INC | Stock-Materials | 0.66% | — | -3.08% | |
| 32 | SHW | Sherwin-williams Co/the | Stock-Materials | 0.65% | — | -2.34% | |
| 33 | UNP | Union Pacific CORP | Stock-Industrials | 0.65% | — | -11.47% | |
| 34 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 0.62% | — | -7.37% | |
| 35 | TMUS | T-mobile US INC | Stock-Comm Services | 0.58% | — | +14.72% | |
| 36 | FCX | Freeport-mcmoran INC | Stock-Materials | 0.57% | — | -25.29% | |
| 37 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 0.57% | +0.20% | -7.23% | |
| 38 | BDX | Becton Dickinson And Co | Stock-Healthcare | 0.57% | — | +1.17% | |
| 39 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.56% | — | +8.77% | |
| 40 | AMT | American Tower CORP | Stock-Real Estate | 0.55% | — | +13.93% | |
| 41 | VMC | Vulcan Materials Co | Stock-Materials | 0.55% | — | +1.13% | |
| 42 | TSLA | Tesla INC | Stock-Consumer Disc | 0.55% | -0.26% | -24.78% | |
| 43 | CVS | Cvs Health CORP | Stock-Healthcare | 0.55% | — | -0.19% | |
| 44 | BAC | Bank Of America CORP | Stock-Financials | 0.55% | -0.17% | -20.72% | |
| 45 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.55% | -0.21% | -18.90% | |
| 46 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.54% | — | -2.55% | |
| 47 | HON | Honeywell International INC | Stock-Industrials | 0.54% | +0.38% | +170.31% | |
| 48 | ORCL | Oracle CORP | Stock-Tech | 0.54% | -0.22% | -13.92% | |
| 49 | APO | Apollo Global Management INC | Stock-Financials | 0.50% | — | +64.16% | |
| 50 | WM | Waste Management INC | Stock-Industrials | 0.49% | — | -1.26% |
Performance for Q3 2026
+1.2%
Performance Last 4 Quarters
+12.8%
Based on 72% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 794 | $114.9B | 27 | |
| 2025-12-31 | 800 | $124.9B | 19 | |
| 2025-09-30 | 813 | $132.8B | 38 | |
| 2025-06-30 | 761 | $123.2B | 0 | |
| 2025-03-31 | 753 | $114.5B | 100 | |
| 2024-12-31 | 766 | $123.4B | 0 | |
| 2024-09-30 | 751 | $127.2B | 0 | |
| 2024-06-30 | 775 | $123.1B | 0 | |
| 2024-03-31 | 819 | $126.1B | 0 | |
| 2023-12-31 | 816 | $116.2B | 0 | |
| 2023-09-30 | 687 | $103.9B | 0 | |
| 2023-06-30 | 695 | $110.8B | 0 | |
| 2023-03-31 | 711 | $104.7B | 0 | |
| 2022-12-31 | 735 | $101.2B | 0 | |
| 2022-09-30 | 736 | $99.2B | 0 | |
| 2022-06-30 | 760 | $107.3B | 0 | |
| 2022-03-31 | 783 | $133.1B | 0 | |
| 2021-12-31 | 787 | $146.8B | 0 | |
| 2021-09-30 | 786 | $140.3B | 0 | |
| 2021-06-30 | 823 | $143.7B | 97 | |
| 2021-03-31 | 803 | $134.1B | 16 | |
| 2020-12-31 | 791 | $129.5B | 20 | |
| 2020-09-30 | 778 | $116.3B | 15 | |
| 2020-06-30 | 973 | $110.8B | 30 | |
| 2020-03-31 | 1051 | $92.3B | 34 | |
| 2019-12-31 | 1090 | $120.7B | 16 | |
| 2019-09-30 | 1108 | $114.6B | 18 | |
| 2019-06-30 | 1093 | $115.4B | 100 | |
| 2019-03-31 | 1072 | $113.2B | 0 | |
| 2018-12-31 | 1123 | $98.9B | 23 | |
| 2018-09-30 | 1125 | $116.2B | 25 | |
| 2018-06-30 | 1152 | $122.2B | 26 | |
| 2018-03-31 | 1192 | $106.0B | 14 | |
| 2017-12-31 | 1177 | $108.2B | 14 | |
| 2017-09-30 | 1191 | $104.0B | 12 | |
| 2017-06-30 | 1164 | $101.7B | 13 | |
| 2017-03-31 | 1124 | $99.4B | 19 | |
| 2016-12-31 | 1157 | $91.0B | 13 | |
| 2016-09-30 | 1115 | $88.8B | 15 | |
| 2016-06-30 | 1064 | $84.6B | 16 | |
| 2016-03-31 | 1057 | $83.7B | 98 | |
| 2015-12-31 | 1115 | $86.4B | 0 | |
| 2015-09-30 | 1173 | $83.5B | 18 | |
| 2015-06-30 | 1153 | $94.6B | 17 | |
| 2015-03-31 | 1170 | $96.3B | 16 | |
| 2014-12-31 | 1170 | $95.1B | 18 | |
| 2014-09-30 | 1161 | $90.8B | 15 | |
| 2014-06-30 | 1175 | $88.9B | 17 | |
| 2014-03-31 | 1129 | $84.3B | 13 | |
| 2013-12-31 | 1099 | $80.2B | 16 | |
| 2013-09-30 | 1083 | $71.6B | 17 | |
| 2013-06-30 | 1063 | $65.5B | 0 |
Clearbridge Investments, LLC's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: Salesforce INC (CRM); Sold out: Astrazeneca Plc-spons Adr (AZNN); Sold out: Avalonbay Communities INC (AVB); New buy: Spotify Technology S.A. (SPOT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | WMB | Williams Cos INC | +0.4% | +8.97% | Add |
| 2 | NFLX | Netflix INC | +0.4% | +17.33% | Add |
| 3 | HON | Honeywell International INC | +0.4% | +170.31% | Add |
| 4 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | +7.53% | Add |
| 5 | TXN | Texas Instruments INC | +0.3% | +42.51% | Add |
| 6 | ANET | Arista Networks INC | +0.3% | +193.22% | Add |
| 7 | LIN | Linde plc | +0.3% | +7.88% | Add |
| 8 | BX | Blackstone INC | +0.3% | +1438.61% | Add |
| 9 | PBA | Pembina Pipeline CORP | +0.3% | +416.45% | Add |
| 10 | JNJ | Johnson & Johnson | +0.3% | +0.69% | Add |
| 11 | CNQ | Canadian Natural Resources | +0.2% | -9.48% | Trim |
| 12 | MRSH | Marsh & Mclennan Cos | +0.2% | +26.53% | Add |
| 13 | ALNY | Alnylam Pharmaceuticals INC | +0.2% | +127.14% | Add |
| 14 | VRT | Vertiv Holdings Co-a | +0.2% | -7.23% | Trim |
| 15 | PCG | P G & E CORP | +0.2% | +48.04% | Add |
| 16 | NVDA | Nvidia CORP | -0.1% | -3.18% | Trim |
| 17 | JPM | Jpmorgan Chase & Co | -0.1% | -6.63% | Trim |
| 18 | SNPS | Synopsys INC | -0.1% | -20.72% | Trim |
| 19 | ADSK | Autodesk INC | -0.1% | -19.21% | Trim |
| 20 | PANW | Palo Alto Networks INC | -0.1% | -12.33% | Trim |
| 21 | PEN | Penumbra INC | -0.1% | -85.94% | Trim |
| 22 | PYPL | Paypal Holdings INC | -0.1% | -99.80% | Trim |
| 23 | APP | Applovin Corp-class A | -0.2% | -4.43% | Trim |
| 24 | V | Visa Inc-class A Shares | -0.2% | -2.60% | Trim |
| 25 | AAPL | Apple INC | -0.2% | -6.78% | Trim |
| 26 | TMO | Thermo Fisher Scientific INC | -0.2% | -13.53% | Trim |
| 27 | BAC | Bank Of America CORP | -0.2% | -20.72% | Trim |
| 28 | NOW | Servicenow INC | -0.2% | -14.95% | Trim |
| 29 | MRVL | Marvell Technology INC | -0.2% | -89.50% | Trim |
| 30 | HUBS | Hubspot INC | -0.2% | -98.56% | Trim |
| 31 | ENB | Enbridge INC | -0.2% | -44.53% | Trim |
| 32 | ARGX | Argenx Se - Adr | -0.2% | -54.97% | Trim |
| 33 | ISRG | Intuitive Surgical INC | -0.2% | -18.90% | Trim |
| 34 | ORCL | Oracle CORP | -0.2% | -13.92% | Trim |
| 35 | SHOP | Shopify INC - Class A | -0.2% | -27.03% | Trim |
| 36 | NOC | Northrop Grumman CORP | -0.2% | -90.75% | Trim |
| 37 | TSLA | Tesla INC | -0.3% | -24.78% | Trim |
| 38 | EQIX | Equinix INC | -0.3% | -89.61% | Trim |
| 39 | INTU | Intuit INC | -0.3% | -27.25% | Trim |
| 40 | META | Meta Platforms Inc-class A | -0.3% | -6.08% | Trim |
| 41 | AMZN | Amazon.com INC | -0.5% | -13.51% | Trim |
| 42 | AVGO | Broadcom INC | -0.5% | -15.39% | Trim |
| 43 | MSFT | Microsoft CORP | -1% | -10.50% | Trim |
| 44 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 45 | CRM | Salesforce INC | — | EXIT | Sold out |
| 46 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
| 47 | AVB | Avalonbay Communities INC | — | EXIT | Sold out |
| 48 | SPOT | Spotify Technology S.A. | — | NEW | New buy |
| 49 | EMA | Emera INC | — | EXIT | Sold out |
| 50 | CHKP | Check Point Software Technologies Ltd. | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-13 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-11 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-13 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-12 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-13 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-12 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-12 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-27 | Amendment | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-13 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-09 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-12 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-10 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-11 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-13 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-11 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-13 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-13 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-10 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-22 | Amendment | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-24 | Amendment | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-28 | Amendment | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-06-07 | Amendment | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-03-23 | Amendment | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-16 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-17 | Amendment | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-17 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-14 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-15 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-14 | 13F-HR | View on EDGAR |
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