# ClearBridge International Growth Strategy Adjusts Portfolio in Q3

- URL: https://stocks.freetheai.org/news/clearbridge-international-growth-strategy-adjusts-portfolio-in-q3-1c947b
- Published: 2026-10-13T19:59:24Z
- Category: markets; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:LIN](https://stocks.freetheai.org/symbols/NASDAQ-LIN), [OTC:TTNDY](https://stocks.freetheai.org/symbols/OTC-TTNDY), [NYSE:SAP](https://stocks.freetheai.org/symbols/NYSE-SAP), [OTC:HKXCY](https://stocks.freetheai.org/symbols/OTC-HKXCY), [NYSE:AEM](https://stocks.freetheai.org/symbols/NYSE-AEM), [NASDAQ:TRI](https://stocks.freetheai.org/symbols/NASDAQ-TRI)
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The ClearBridge International Growth ADR Strategy made several portfolio changes during the third quarter, taking new positions in Linde plc (NASDAQ:LIN), Techtronic Industries Co., Ltd. (OTC:TTNDY), MTU Aero Engines, Komatsu, and Nintendo. The strategy also repurchased shares in SAP SE (NYSE:SAP), Hong Kong Exchanges & Clearing Ltd. (OTC:HKXCY), Agnico Eagle Mines Limited (NYSE:AEM), and Thomson Reuters Corporation (NASDAQ:TRI). Meanwhile, it liquidated its entire holdings in ASM International, Sandvik, and Pan Pacific International.

The adjustments came as the strategy lagged its MSCI EAFE and MSCI EAFE Growth benchmarks during the third quarter. Gains were limited, with only three of the ten invested sectors delivering positive absolute returns. Financial stocks served as the top contributor to overall performance, while technology and health care holdings weighed most heavily on results.

Investors will be tracking how the strategy's new additions and repurchased shares perform in subsequent quarters, particularly whether the shifted focus in industrial, technology, and materials stocks helps offset weakness in underperforming sectors.

## Key points

- The strategy initiated positions in Linde plc (NASDAQ:LIN), Techtronic Industries Co., Ltd. (OTC:TTNDY), MTU Aero Engines, Komatsu, and Nintendo.
- Shares of SAP SE (NYSE:SAP), Hong Kong Exchanges & Clearing Ltd. (OTC:HKXCY), Agnico Eagle Mines Limited (NYSE:AEM), and Thomson Reuters Corporation (NASDAQ:TRI) were repurchased.
- Holdings in ASM International, Sandvik, and Pan Pacific International were completely exited.
- The strategy underperformed both the MSCI EAFE and MSCI EAFE Growth benchmarks in the third quarter.
- Financials were the leading sector contributor, while information technology and health care detracted most.

## Questions and answers

### Which stocks were added by ClearBridge International Growth ADR Strategy in Q3?

The strategy initiated positions in Linde, Techtronic Industries, MTU Aero Engines, Komatsu, and Nintendo, while repurchasing SAP, Hong Kong Exchanges & Clearing, Agnico Eagle Mines, and Thomson Reuters.

### Which positions did ClearBridge International Growth ADR Strategy exit?

The fund completely sold out of its positions in ASM International, Sandvik, and Pan Pacific International during the third quarter.

### How did ClearBridge International Growth ADR Strategy perform in Q3?

The strategy underperformed the MSCI EAFE and MSCI EAFE Growth benchmarks, with financials leading positive returns while technology and health care detracted.