Clearbridge Investments, LLC
Reported US equity positions for Q1 2026 — $114.9B across 794 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $5.7B | 4.9% | 32,400,253 |
| MSFT Microsoft Corporation | $3.4B | 3.0% | 9,270,237 |
| AAPL Apple Inc. | $3.3B | 2.9% | 13,130,195 |
| GOOGL Alphabet Inc. | $3.0B | 2.6% | 10,489,460 |
| AMZN Amazon.com, Inc. | $3.0B | 2.6% | 14,450,175 |
| META Meta Platforms, Inc. | $2.7B | 2.4% | 4,722,347 |
| AVGO Broadcom Inc. | $2.6B | 2.2% | 8,326,644 |
| V Visa Inc. | $2.0B | 1.7% | 6,460,806 |
| NFLX Netflix, Inc. | $1.9B | 1.6% | 19,559,362 |
| WMB The Williams Companies, Inc. | $1.7B | 1.5% | 23,238,857 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $1.6B | 1.4% | 4,746,961 |
| JNJ Johnson & Johnson | $1.4B | 1.2% | 5,647,437 |
| G54950103 Linde PLC | $1.3B | 1.2% | 2,671,030 |
| JPM JP Morgan Chase & Co. | $1.3B | 1.1% | 4,315,350 |
| N07059210 ASML Holding NV | $1.2B | 1.1% | 924,471 |
| VRTX Vertex Pharmaceuticals Incorporated | $1.2B | 1.0% | 2,700,975 |
| XOM ExxonMobil Holdings Corporation | $1.2B | 1.0% | 6,905,317 |
| G29183103 Eaton Corp PLC | $1.1B | 1.0% | 3,168,655 |
| MRSH Marsh | $1.1B | 1.0% | 6,423,531 |
| RTX RTX Corporation | $1.1B | 0.9% | 5,486,054 |
| G0593M107 AstraZeneca PLC | $1.0B | 0.9% | 5,160,677 |
| LHX L3Harris Technologies, Inc. | $953.6M | 0.8% | 2,762,767 |
| GWW W.W. Grainger, Inc. | $922.3M | 0.8% | 845,522 |
| G87052109 TE Connectivity plc | $876.8M | 0.8% | 4,194,699 |
| TJX The TJX Companies, Inc. | $853.5M | 0.7% | 5,344,641 |
| TXN Texas Instruments Incorporated | $846.4M | 0.7% | 4,359,632 |
| TRV The Travelers Companies, Inc. | $816.2M | 0.7% | 2,798,428 |
| TMO Thermo Fisher Scientific Inc | $791.7M | 0.7% | 1,610,697 |
| PANW Palo Alto Networks, Inc. | $787.3M | 0.7% | 4,910,797 |
| ETR Entergy Corporation | $771.6M | 0.7% | 6,867,496 |
| APD Air Products and Chemicals, Inc. | $758.6M | 0.7% | 2,611,701 |
| SHW The Sherwin-Williams Company | $750.3M | 0.7% | 2,340,772 |
| UNP Union Pacific Corporation | $745.9M | 0.6% | 3,074,356 |
| ABNB Airbnb, Inc. | $710.5M | 0.6% | 5,626,038 |
| TMUS T-Mobile US, Inc. | $666.2M | 0.6% | 3,171,930 |
| FCX Freeport-McMoRan, Inc. | $655.8M | 0.6% | 11,156,828 |
| VRT Vertiv Holdings, LLC Class A | $655.2M | 0.6% | 2,614,702 |
| BDX Becton, Dickinson and Company | $650.9M | 0.6% | 4,140,042 |
| PG The Procter & Gamble Company | $642.5M | 0.6% | 4,448,391 |
| AMT American Tower Corporation (REIT) | $636.0M | 0.6% | 3,685,476 |
| VMC Vulcan Materials Company (Holding Company) | $633.4M | 0.6% | 2,326,275 |
| TSLA Tesla, Inc. | $632.0M | 0.6% | 1,700,161 |
| CVS CVS Health Corporation | $630.2M | 0.5% | 8,774,708 |
| BAC Bank of America Corporation | $629.4M | 0.5% | 12,911,597 |
| ISRG Intuitive Surgical, Inc. | $629.3M | 0.5% | 1,365,060 |
| KO The Coca-Cola Company | $624.6M | 0.5% | 8,212,558 |
| HONGBP Honeywell International Inc | $622.7M | 0.5% | 2,754,997 |
| ORCL Oracle Corporation | $620.6M | 0.5% | 4,218,489 |
| APO Apollo Global Management, Inc. (New) | $577.0M | 0.5% | 5,178,671 |
| WM Waste Management, Inc. | $568.6M | 0.5% | 2,474,638 |
| SRE DBA Sempra | $561.3M | 0.5% | 5,776,308 |
| TRP TC Energy Corporation | $560.0M | 0.5% | 8,945,134 |
| SYK Stryker Corporation | $558.4M | 0.5% | 1,699,484 |
| G51502105 Johnson Controls International plc | $556.6M | 0.5% | 4,250,626 |
| ANET Arista Networks, Inc. | $544.8M | 0.5% | 4,437,242 |
| CNR Core Natural Resources, Inc. | $539.9M | 0.5% | 5,252,996 |
| XPO XPO, Inc. | $539.4M | 0.5% | 2,772,656 |
| PSA Public Storage | $508.4M | 0.4% | 1,876,740 |
| ADP Automatic Data Processing, Inc. | $487.4M | 0.4% | 2,398,931 |
| CMCSA Comcast Corporation | $486.8M | 0.4% | 16,956,292 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| NVDA NVIDIA Corporation | Trim | $5.7B | $6.2B | -3% |
| MSFT Microsoft Corporation | Trim | $3.4B | $5.0B | -11% |
| AAPL Apple Inc. | Trim | $3.3B | $3.8B | -7% |
| GOOGL Alphabet Inc. | Add | $3.0B | $3.2B | +3% |
| AMZN Amazon.com, Inc. | Trim | $3.0B | $3.9B | -14% |
| META Meta Platforms, Inc. | Trim | $2.7B | $3.3B | -6% |
| AVGO Broadcom Inc. | Trim | $2.6B | $3.4B | -15% |
| V Visa Inc. | Trim | $2.0B | $2.3B | -3% |
| NFLX Netflix, Inc. | Add | $1.9B | $1.6B | +17% |
| WMB The Williams Companies, Inc. | Add | $1.7B | $1.3B | +9% |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | Add | $1.6B | $1.3B | +8% |
| G54950103 Linde PLC | Add | $1.3B | $1.1B | +8% |
| JPM JP Morgan Chase & Co. | Trim | $1.3B | $1.5B | -7% |
| N07059210 ASML Holding NV | Trim | $1.2B | $1.2B | -20% |
| VRTX Vertex Pharmaceuticals Incorporated | Trim | $1.2B | $1.3B | -6% |
| XOM ExxonMobil Holdings Corporation | Trim | $1.2B | $1.1B | -23% |
| G29183103 Eaton Corp PLC | Trim | $1.1B | $1.0B | -2% |
| MRSH Marsh | Add | $1.1B | $941.8M | +27% |
| RTX RTX Corporation | Trim | $1.1B | $1.2B | -14% |
| LHX L3Harris Technologies, Inc. | Trim | $953.6M | $909.5M | -11% |
| G87052109 TE Connectivity plc | Trim | $876.8M | $1.0B | -8% |
| TJX The TJX Companies, Inc. | Trim | $853.5M | $831.1M | -1% |
| TXN Texas Instruments Incorporated | Add | $846.4M | $530.7M | +43% |
| TRV The Travelers Companies, Inc. | Trim | $816.2M | $832.6M | -3% |
| TMO Thermo Fisher Scientific Inc | Trim | $791.7M | $1.1B | -14% |
| PANW Palo Alto Networks, Inc. | Trim | $787.3M | $1.0B | -12% |
| ETR Entergy Corporation | Add | $771.6M | $618.9M | +3% |
| APD Air Products and Chemicals, Inc. | Trim | $758.6M | $665.6M | -3% |
| SHW The Sherwin-Williams Company | Trim | $750.3M | $776.7M | -2% |
| UNP Union Pacific Corporation | Trim | $745.9M | $803.3M | -11% |
| ABNB Airbnb, Inc. | Trim | $710.5M | $824.4M | -7% |
| TMUS T-Mobile US, Inc. | Add | $666.2M | $561.4M | +15% |
| FCX Freeport-McMoRan, Inc. | Trim | $655.8M | $758.4M | -25% |
| VRT Vertiv Holdings, LLC Class A | Trim | $655.2M | $456.6M | -7% |
| BDX Becton, Dickinson and Company | Add | $650.9M | $794.2M | +1% |
| PG The Procter & Gamble Company | Add | $642.5M | $586.1M | +9% |
| AMT American Tower Corporation (REIT) | Add | $636.0M | $568.0M | +14% |
| VMC Vulcan Materials Company (Holding Company) | Add | $633.4M | $656.1M | +1% |
| TSLA Tesla, Inc. | Trim | $632.0M | $1.0B | -25% |
| BAC Bank of America Corporation | Trim | $629.4M | $895.7M | -21% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.