# ClearBridge Investments Ltd

> Institutional holdings reported to the SEC as of Q2 2025 on Form 13F. CIK 1499094. Source: https://holderbook.com/funds/1499094-clearbridge-investments-ltd/

- Reported value: $4.6B
- Positions: 25
- Weight of the ten largest: 62.0%
- Filed: 2025-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| EMERA INC | [EMA](https://holderbook.com/stocks/EMA/) | $423.9M | 6,872,575 | 9.3% | 1 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $387.4M | 4,660,531 | 8.5% | 16 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $362.3M | 5,218,965 | 7.9% | 24 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $317.4M | 6,506,102 | 7.0% | 25 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $260.3M | 806,516 | 5.7% | 14 |
| OGE ENERGY CORP | [OGE](https://holderbook.com/stocks/OGE/) | $250.1M | 5,635,273 | 5.5% | 13 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $246.4M | 2,364,236 | 5.4% | 4 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $204.4M | 5,448,687 | 4.5% | 18 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $194.0M | 843,041 | 4.3% | 27 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $184.1M | 1,769,970 | 4.0% | 4 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $182.6M | 2,236,877 | 4.0% | 3 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $176.4M | 1,716,795 | 3.9% | 27 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $174.2M | 2,069,913 | 3.8% | 2 |
| FERROVIAL NV | [FER](https://holderbook.com/stocks/FER/) | $169.5M | 3,164,782 | 3.7% | 4 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $163.9M | 3,615,519 | 3.6% | 27 |
| SOUTH BOW CORP | [SOBO](https://holderbook.com/stocks/SOBO/) | $156.7M | 6,048,760 | 3.4% | 3 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $151.9M | 2,418,494 | 3.3% | 4 |
| BROOKFIELD RENEWABLE CORP | [BEPC](https://holderbook.com/stocks/BEPC/) | $141.3M | 4,310,060 | 3.1% | 3 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $89.5M | 676,040 | 2.0% | 4 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $88.9M | 2,725,112 | 1.9% | 22 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $84.6M | 347,562 | 1.9% | 27 |
| CLEARWAY ENERGY INC | [CWEN](https://holderbook.com/stocks/CWEN/) | $80.0M | 2,500,083 | 1.8% | 1 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $70.9M | 1,930,459 | 1.6% | 10 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $489.6K | 11,277 | 0.0% | 27 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $369.2K | 2,654 | 0.0% | 13 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2025 | +2.0% | +10.5% | -8.4% | 100% |
| Q1 2025 | +4.0% | -4.6% | +8.6% | 100% |
| Q4 2024 | -6.3% | +2.1% | -8.5% | 100% |
| Q3 2024 | +16.6% | +5.4% | +11.2% | 100% |
| Q2 2024 | +0.6% | +4.0% | -3.4% | 100% |
| Q1 2024 | +2.7% | +10.0% | -7.4% | 100% |
| Q4 2023 | +12.2% | +11.2% | +1.0% | 100% |
| Q3 2023 | -10.3% | -3.6% | -6.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2025 | $4.6B | 25 |
| Q1 2025 | $3.9B | 25 |
| Q4 2024 | $3.8B | 27 |
| Q3 2024 | $4.0B | 26 |
| Q2 2024 | $3.4B | 23 |
| Q1 2024 | $3.5B | 23 |
| Q4 2023 | $3.6B | 24 |
| Q3 2023 | $3.1B | 23 |
| Q2 2023 | $3.5B | 23 |
| Q1 2023 | $3.2B | 26 |
| Q4 2022 | $3.3B | 26 |
| Q3 2022 | $3.1B | 25 |