Clearbridge Large Cap Growth Strategy added ServiceNow to portfolio due to strong performance

ClearBridge Investments, an investment management company, released its “ClearBridge Large Cap Growth Strategy” second quarter 2025 investor letter. Growth stocks rebounded in the quarter, with the S&P 500 Index returning 10.9% and the NASDAQ Composite soaring 17.7%. The Russell 1000 Growth Index rose 17.8%, outperforming the Russell 1000 Value Index. The strategy underperformed its benchmark, with IT and communication services sectors contributing to performance. In the second quarter, ClearBridge Large Cap Growth Strategy highlighted ServiceNow, Inc. (NYSE:NOW), which closed at $1,044.69 per share on July 3, 2025. ServiceNow provides workflow automation solutions for digital businesses. ServiceNow, Inc. (NYSE:NOW) was purchased due to its strong performance and AI product adoption. ServiceNow, Inc. (NYSE:NOW) is not among the 30 most popular stocks among hedge funds, but its potential as an investment is acknowledged. ServiceNow, Inc. (NYSE:NOW) is held by 106 hedge fund portfolios at the end of the first quarter.

Read more at Yahoo Finance: Clearbridge Large Cap Growth Strategy Added Servicenow (NOW) to Elevate Select Growth Exposure