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

ClearBridge Investments, an investment management company, released its “ClearBridge Large Cap Value Strategy” second quarter 2024 investor letter. US equities continued the journey as the growing number of “winners” concentrated in the market due to the excitement surrounding new weight loss medications and artificial intelligence, while the overall market was being affected by weakening economic indicators. The Russell 1000 Value Index underperformed its growth counterpart in the quarter, returning -2.17% to the Russell 1000 Growth Index’s 8.34% return. The strategy lagged behind its Russell 1000 Value Index benchmark during the quarter and had negative contributions from nine of the 11 sectors it was invested, on an absolute basis. Overall stock selection detracted from the performance, relatively. In addition, please check the fund’s top five holdings to know its best picks in 2024.

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