# Portfolio overlap — QLMEIX vs SHAPX

Comparing **ClearBridge Variable Dividend Strategy Portfolio** (2026-03-31) and **ClearBridge Appreciation Fund** (2026-04-30).

- Shared positions: 27
- ClearBridge Variable Dividend Strategy Portfolio covered by ClearBridge Appreciation Fund: 0.3814179348334650279294075131
- ClearBridge Appreciation Fund covered by ClearBridge Variable Dividend Strategy Portfolio: 0.3814179348334650279294075130

## ClearBridge Variable Dividend Strategy Portfolio — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| WILLIAMS COS INC | 0.046582 |  |
| EXXON MOBIL CORP | 0.038010 | ✓ |
| MICROSOFT CORP | 0.036357 | ✓ |
| TEXAS INSTRUMENTS INC | 0.029635 | ✓ |
| ALPHABET INC CL A | 0.029476 | ✓ |
| NESTLE S A SPONSORED ADR | 0.029068 |  |
| BROADCOM INC | 0.028770 | ✓ |
| AIR PRODUCTS and CHEMICALS INC | 0.028760 |  |
| APOLLO GLOBAL MANAGEMENT INC | 0.026893 |  |
| COMCAST CORP CL A | 0.023209 |  |
| JPMORGAN CHASE and CO | 0.023203 | ✓ |
| PUBLIC STORAGE | 0.022773 |  |
| UNION PACIFIC CORP | 0.022378 | ✓ |
| BECTON DICKINSON and CO | 0.022042 |  |
| MARSH & MCLENNAN | 0.021516 | ✓ |
| T-MOBILE US INC | 0.021315 | ✓ |
| SEMPRA ENERGY | 0.020410 |  |
| AMERICAN TOWER CORP | 0.020332 | ✓ |
| LINDE PLC | 0.020050 | ✓ |
| JOHNSON&JOHNSON | 0.019814 | ✓ |
| HALEON PLC | 0.019477 |  |
| COCA-COLA CO/THE | 0.019204 | ✓ |
| AUTOMATIC DATA PROCESSING INC | 0.018960 | ✓ |
| UNILEVER PLC | 0.018819 |  |
| TRAVELERS COS IN | 0.017411 | ✓ |
| APPLE INC | 0.017111 | ✓ |
| META PLATFORMS INC CL A | 0.017088 | ✓ |
| METLIFE INC | 0.017060 |  |
| Roche Holding AG | 0.016871 |  |
| WASTE MANAGEMENT INC | 0.016730 | ✓ |
| CVS HEALTH CORP | 0.016585 |  |
| VISA INC-CLASS A | 0.016561 | ✓ |
| VULCAN MATERIALS CO | 0.016302 | ✓ |
| Industria de Diseno Textil, S.A. ADR | 0.016030 |  |
| BLACKSTONE INC | 0.015528 |  |
| PNC FINANCIAL SERVICES GRP INC | 0.014630 |  |
| ASTRAZENECA PLC | 0.014220 |  |
| L3HARRIS TECHNOLOGIES INC | 0.013962 | ✓ |
| TE CONNECTIVITY PLC | 0.013928 |  |
| HOME DEPOT INC | 0.013444 |  |
| HONEYWELL INTL INC | 0.012980 | ✓ |
| OLD DOMINION FRT | 0.012974 |  |
| CAPITAL ONE FINANCIAL CORP | 0.012714 |  |
| PROCTER & GAMBLE | 0.011196 | ✓ |
| PG&E CORP | 0.010456 |  |
| RTX CORP | 0.010411 | ✓ |
| TAIWAN SEMIC MFG CO LTD SP ADR | 0.010158 |  |
| OTIS WORLDWIDE CORP | 0.009856 |  |
| FREEPORT MCMORAN INC | 0.008959 |  |
| DTE ENERGY CO | 0.007840 |  |

## ClearBridge Appreciation Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.087367 |  |
| ALPHABET INC CL A | 0.067433 | ✓ |
| APPLE INC | 0.047998 | ✓ |
| MICROSOFT CORP | 0.044337 | ✓ |
| AMAZON.COM INC | 0.037206 |  |
| BROADCOM INC | 0.035734 | ✓ |
| NETFLIX INC | 0.028271 |  |
| JPMORGAN CHASE and CO | 0.026559 | ✓ |
| EATON CORP PLC | 0.022960 |  |
| LILLY ELI and CO | 0.022366 |  |
| JOHNSON&JOHNSON | 0.020876 | ✓ |
| WALMART INC | 0.020491 |  |
| TJX COS INC | 0.020244 |  |
| ALPHABET INC CL C | 0.019421 |  |
| ASML HOLDING-NY | 0.019286 |  |
| BERKSHIRE HATHAWAY INC CL A | 0.018483 |  |
| VISA INC-CLASS A | 0.018369 | ✓ |
| META PLATFORMS INC CL A | 0.018339 | ✓ |
| TRAVELERS COS IN | 0.017576 | ✓ |
| EXXON MOBIL CORP | 0.016758 | ✓ |
| LINDE PLC | 0.016446 | ✓ |
| VULCAN MATERIALS CO | 0.016246 | ✓ |
| Western Asset Premier Institutional US Treasury Reserves | 0.016045 | ✓ |
| JPMorgan 100% U.S. Treasury Securities Money Market Fund, Class L | 0.016045 | ✓ |
| PROCTER & GAMBLE | 0.015929 | ✓ |
| BANK OF AMERICA CORPORATION | 0.015866 |  |
| BOEING CO/THE | 0.014772 |  |
| WASTE MANAGEMENT INC | 0.014572 | ✓ |
| RTX CORP | 0.013689 | ✓ |
| ENTERGY CORP | 0.013567 |  |
| THERMO FISHER SCIENTIFIC INC | 0.012850 |  |
| HONEYWELL INTL INC | 0.012041 | ✓ |
| EMERSON ELECTRIC CO | 0.012016 |  |
| COCA-COLA CO/THE | 0.011831 | ✓ |
| ARISTA NETWORKS INC | 0.011477 |  |
| ASM INTERNATIONAL NV REG SHS ADR | 0.010381 |  |
| STRYKER CORP | 0.009115 |  |
| WALT DISNEY CO/T | 0.009071 | ✓ |
| KINDER MORGAN INC | 0.008971 |  |
| TEXAS INSTRUMENTS INC | 0.008765 | ✓ |
| MARSH & MCLENNAN | 0.008205 | ✓ |
| CHEVRON CORP | 0.008158 |  |
| INTERCONTINENTAL EXCHANGE INC | 0.007928 |  |
| AMERICAN TOWER CORP | 0.007597 | ✓ |
| ECOLAB INC | 0.007001 |  |
| TESLA INC | 0.006872 |  |
| T-MOBILE US INC | 0.006852 | ✓ |
| L3HARRIS TECHNOLOGIES INC | 0.006846 | ✓ |
| UNION PACIFIC CORP | 0.006672 | ✓ |
| FERGUSON ENTERPRISES INC | 0.006668 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-021640` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1176343/000094040026021640/0000940400-26-021640-index.htm>
- N-PORT (fund B) — accession `0000940400-26-024951` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/880366/000094040026024951/0000940400-26-024951-index.htm>

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