ClearBridge Large Cap Growth Strategy Exited PayPal (PYPL) Due to Turnaround Challenges

ClearBridge Investments, a global equity manager, recently published first-quarter 2026 commentary for its “Large Cap Growth Strategy”. A copy of the letter can be downloaded here. Following the outbreak of the Middle East conflict, the market experienced a significant decline in growth stocks, resulting in substantial losses.  In the quarter, the S&P 500 Index fell 4.3% while the benchmark Russell 1000 Growth Index declined 9.8%, compared to the Russell 1000 Value Index’s 2.1% gain.  In a volatile environment, the ClearBridge Large Cap Growth Strategy outperformed its benchmark,...