Seeking Alpha

ClearBridge Mid-Cap Strategy Portfolio Manager Commentary Q3 2019

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Includes: ALXN, BMRN, DXC, ES, LHX, LRCX, PXD, TDY, WDC, XLNX
by: ClearBridge Investments
ClearBridge Investments
Asset Management, large-cap, Growth, mutual fund manager
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.

Lower cyclical exposure proved beneficial as we manage through a manufacturing recession and elevated volatility.

The portfolio’s consumer exposure was a leading contributor during the quarter as our companies have been successful in targeting long-term growth markets.

We remained active in repositioning the portfolio, adjusting existing positions while adding several new names.