ClearBridge Appreciation Fund
Legg Mason Partners Investment Trust · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
ClearBridge Appreciation Fund is an actively managed U.S. equity fund. 19% of SHAPX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 93% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q1
The fund seeks to provide long-term appreciation of shareholders capital.
The fund invests primarily in equity securities of U.S. medium and large capitalization companies, with discretion to hold small capitalization stocks and up to 20% of net assets in foreign equities.
| Share class | Expense ratio |
|---|---|
| SHAPX | 0.91% |
| SAPCX | 1.66% |
| SAPYX | 0.67% |
| LMPPX | 1.24% |
| LMPIX | 1.02% |
| LMESX | 0.55% |
Portfolio turnover 28.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.92% |
| Cash & short-term | 3.21% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 24.2% |
| Communication Services | 15.2% |
| Financials | 11.8% |
| Industrials | 9.4% |
| 9 smaller | 39.5% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +23.43% | +63.33% | +70.74% | 12.11% | -5.99% | |
| +22.44% | +59.60% | +64.42% | 12.08% | -6.19% | |
| +23.67% | +64.47% | +72.93% | 12.13% | -5.94% | |
| +22.99% | +61.66% | +67.82% | 12.10% | -6.08% | |
| +23.23% | +62.68% | +70.01% | 12.11% | -6.01% | |
| +23.84% | +65.01% | +73.81% | 12.11% | -5.91% |
These classes hold the same portfolio, so the 9.39pp spread over 5 years is the cost difference between them — roughly 1.88pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPNVDA | 8.75% | $199.57 | $847.98M | 4.2M |
| GOOGL | ALPHABET INC-CL AGOOGL | 6.75% | $384.80 | $654.50M | 1.7M |
| AAPL | APPLE INCAAPL | 4.81% | $271.35 | $465.87M | 1.7M |
| MSFT | MICROSOFT CORPMSFT | 4.44% | $407.78 | $430.34M | 1.1M |
| AMZN | AMAZON.COM INCAMZN | 3.73% | $265.06 | $361.11M | 1.4M |
| AVGO | BROADCOM INCAVGO | 3.58% | $417.43 | $346.83M | 830.9K |
| NFLX | NETFLIX INCNFLX | 2.83% | $93.61 | $274.39M | 2.9M |
| JPM | JPMORGAN CHASE & COJPM | 2.66% | $313.23 | $257.78M | 823.0K |
| — | EATON CORP PLC | 2.30% | $433.01 | $222.85M | 514.7K |
| LLY | ELI LILLY & COMPANYLLY | 2.24% | $934.60 | $217.08M | 232.3K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 42.08% of net assets, top 25 69.17%, across 62 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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