ClearBridge Large Cap Growth IS
LSITX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- New York, NY 10041 New York NY United States of America 10041
- IPO Date
- Mar 18, 2013
- CIK
- 0000880366
- Website
- franklintempleton.com
- Similar Companies
- Business
- ClearBridge Large Cap Growth Fund (Class IS) (LSITX) is an open-end mutual fund that seeks long-term capital growth by primarily investing in a diversified portfolio of established large-cap growth companies exhibiting industry dominance, sustainable market share expansion, and earnings growth potential in the U.S. and overseas markets; it employs a bottom-up fundamental analysis approach emphasizing security selection across stable, selective, and cyclical growth stocks, with a benchmark of the Russell 1000 Growth Index, portfolio turnover of approximately 16%, and typical holdings of 40-50 securities including major positions in NVIDIA Corp, Microsoft Corp, Amazon.com Inc, Meta Platforms Inc, and Visa Inc. The fund offers share classes tailored to institutional investors with a minimum initial investment of $1,000,000, net expense ratio of 0.64%, and annual dividend distributions, managed within the Large Growth category by ClearBridge Investments, a subsidiary of Franklin Templeton Investments. As of late 2025, total net assets stand at approximately $11.71-$12.07 billion for the fund, contributing to ClearBridge's broader Large Cap Growth strategy AUM of $50 billion. ClearBridge Investments, founded in 1962 and headquartered at One Madison Avenue in New York City with additional offices in Baltimore, Calgary, Edinburgh, Fort Lauderdale, Leeds, London, Melbourne, and Sydney, provides active equity management across global developed and emerging markets; the firm, formerly Citigroup Asset Management, was integrated into Franklin Templeton following the 2020 acquisition of Legg Mason, enhancing its scale to over $193 billion in AUM as of September 2024. The LSITX class, with inception on March 15, 2013, targets high-net-worth and institutional clients seeking exposure to large-cap growth equities projected to outperform peers, with sector allocations emphasizing information technology (44%), consumer discretionary (14%), and communication services (12%). In recent developments, longtime co-portfolio manager Peter Bourbeau retired at the end of 2024, with Erica Furfaro appointed as comanager effective December 31, 2024, alongside continuing lead manager Margaret Vitrano who assumed responsibility in October 2012; this transition maintained the strategy's high-conviction, low-turnover process amid market volatility driven by AI buildouts, tariff policies, and interest rate adjustments. Franklin Templeton completed the global integration of Martin Currie into ClearBridge Investments in September-October 2025, adding Australian equities, emerging markets, and infrastructure capabilities while scrapping the Martin Currie brand and shifting distribution of Australian pooled funds to Franklin Templeton, bolstering ClearBridge's offerings for institutional and wholesale clients in Australia and New Zealand. Portfolio positioning evolved in 2025 with opportunistic additions tied to AI infrastructure tailwinds, underweights to mega-cap IT amid sector rotations, and stock selection contributions from holdings like Microsoft and Taiwan Semiconductor, as detailed in quarterly commentaries.