ClearBridge Select Strategy outperformed with a return of 10.7% compared to the return of 8.1% for the S&P 500 Index and 8.2% for the Russell 3000 Index.
In Q3 2025, the fund initiated new positions in Regeneron Pharmaceuticals (NASDAQ:REGN), Vertex Pharmaceuticals (NASDAQ:VRTX), Vistra (NYSE:VST), Firefly Aerospace (NASDAQ:FLY).
During Q3, the fund exited ICON (NASDAQ:ICLR), Paylocity (NASDAQ:PCTY), Constellation Brands (NYSE:STZ), GitLab (NASDAQ:GTLB), and Adobe (NASDAQ:ADBE).
The fund’s new additions are Kratos Defense & Security Solutions (NASDAQ:KTOS) and Casella Waste Systems (NASDAQ:CWST) in industrials as well as Netskope (NASDAQ:NTSK) and Monday (NASDAQ:MNDY).
