ClearBridge Select Strategy Portfolio Manager Commentary Q1 2019

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Includes: BABA, CASA, CTXS, CVNA, EBAY, FSCT, GRUB, LOGM, MELI, NOW, OMC, SHOP, SYNH, YELP
by: ClearBridge Investments
Summary

ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers.

Growth companies with disruptive business models were among the leading performers in a robust snapback rally from fourth quarter lows.

We took advantage of the market rebound to sell into strength, trimming some winners and repositioning across evolving opportunity companies offering attractive risk/reward profiles.

We remain opportunistic in sourcing companies that possess innovative and differentiated business models or are making improvements not recognized by the market.

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.