ClearBridge Investments Mid Cap Strategy’s Q3 2023 Investor Letter

ClearBridge Investments, an investment management firm, released its third-quarter 2023 “Mid Cap Strategy” investor letter, which can be downloaded here. The strategy outperformed its benchmark, the Russell Midcap Index, in the quarter. The strategy gained across two of the 11 sectors in which it was invested on an absolute basis. Financials and energy sectors were the leading contributors, while the healthcare sector detracted. Overall stock selection effects contributed favorably to performance on a relative basis. In addition, please check the fund’s top five holdings to know its best picks in 2023.