ClearBridge Small Cap Strategy adds Upwork, exits Alexander & Baldwin in Q4

* The ClearBridge Small Cap Strategy underperformed its benchmark Russell 2000 Index in the fourth quarter of 2025, but generated positive absolute performance.
* The strategy fund initiated a new position in Landstar System (LSTR [https://seekingalpha.com/symbol/LSTR]), and added Interparfums (IPAR [https://seekingalpha.com/symbol/IPAR]) and Signet Jewelers (SIG [https://seekingalpha.com/symbol/SIG]).
* Additionally, ClearBridge Small Cap Strategy initiated new positions in Solstice Advanced Materials (SOLS [https://seekingalpha.com/symbol/SOLS]), Upwork (UPWK [https://seekingalpha.com/symbol/UPWK]), OPENLANE (OPLN [https://seekingalpha.com/symbol/OPLN]), and Arlo Technologies (ARLO [https://seekingalpha.com/symbol/ARLO]).
* Meanwhile, the fund exited Alexander & Baldwin (ALEX [https://seekingalpha.com/symbol/ALEX]), Avidity Biosciences (RNA [https://seekingalpha.com/symbol/RNA]), Verona Pharma, Crane NXT (CXT [https://seekingalpha.com/symbol/CXT]), Jamf Holding (JAMF [https://seekingalpha.com/symbol/JAMF]), Redwood Trust (RWT [https://seekingalpha.com/symbol/RWT]), Marten Transport (MRTN [https://seekingalpha.com/symbol/MRTN]), and Atlas Energy Solutions (AESI [https://seekingalpha.com/symbol/AESI]) during the quarter.
* Source: Fund Letter [https://www.clearbridge.com/perspectives/commentaries/small-cap]

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