ClearBridge Investments Large Cap Growth Strategy’s Q2 2024 Investor Letter

ClearBridge Investments, an investment management company, released its “ClearBridge Large Cap Growth Strategy” second quarter 2024 investor letter. In the second quarter, the gap in equity leadership narrowed considerably as mega-cap growth stocks reaffirmed their dominance and obscured weakness in most of the market. The S&P 500 Index rose 4.28% while the NASDAQ Composite advanced 8.26% for the period compared to a 3.28% decline for the small-cap Russell 2000 Index. The strategy underperformed its Russell 1000 Growth Index benchmark in the quarter and delivered gains across five of the 10 sectors it invested in, on an absolute basis. The IT was the primary contributor while the consumer staples and industrials detracted from the performance. Overall stock selection and sector allocation detracted from performance, on a relative basis. In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of ClearBridge Investments Large Cap Growth Strategy’s Q2 2024 investor letter can be downloaded here.