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Mid Cap Growth Strategy Update

October 5, 2020

Portfolio Manager Matthew Lilling discusses drivers of growth leadership in 2020, sectors and stocks that have supported strong relative performance in the third quarter and how the Mid Cap Growth team is de-risking the portfolio for near-term uncertainties.

Matthew Lilling, CFA

Portfolio Manager
15 Years experience
11 Years at ClearBridge

Related Perspectives

  • Diversified Portfolio Participating Well in Transitional Market
    SMID Cap Growth 1Q21: We established nine new positions across five sectors, increasing exposure to innovative growth companies and those geared for a reopening of the economy.
  • Casting a Wide Net for Quality Growth
    Mid Cap Growth 1Q21: The Strategy outperformed through a rotation out of growth stocks as our preference for sturdy fundamentals provided ballast.
  • E-Commerce Names Continue to Dominate Retail
    SMID Cap Growth Strategy 4Q20: Performance was driven by the portfolio’s holdings in the consumer discretionary sector, which tend to be leaders in growth trends that accelerated during the pandemic.
  • Picking Our Spots in an Ebullient Market
    Mid Cap Growth Strategy 4Q20: Activity in the fourth quarter focused on trimming and selling stocks that have worked and reinvesting in new names where we see strong secular growth ahead.
  • Positioning to Promote Future Growth
    SMID Cap Growth 3Q20: Stock market multiples are high by absolute standards. Yet compared with paltry fixed income yields, there is still good value to be captured in SMID cap growth stocks.
  • Past performance is no guarantee of future results.

  • All opinions and data included in this commentary are as of the publication date and are subject to change. The opinions and views expressed herein are of the author and may differ from other portfolio managers or the firm as a whole, and are not intended to be a forecast of future events, a guarantee of future results or investment advice. This information should not be used as the sole basis to make any investment decision. The statistics have been obtained from sources believed to be reliable, but the accuracy and completeness of this information cannot be guaranteed. Neither ClearBridge Investments, LLC  nor its information providers are responsible for any damages or losses arising from any use of this information. 

  • Performance source: Internal. Benchmark source: Russell Investments. Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and/or Russell ratings or underlying data and no party may rely on any Russell Indexes and/or Russell ratings and/or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication.