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