ClearBridge Dividend Strategy Fund: cuts stakes in Oracle, UnitedHealth, Diageo

[Q2 - 3rd Quarter Period write on sticky notes isolated on Office Desk. Stock market concept]
syahrir maulana

ClearBridge Dividend Strategy Fund lagged its benchmark and underperformed its S&P 500 Index benchmark during Q3 as the fund focused on its dividend mandate and adherence to risk management, thus underweighting the IT sector. However, the fund mentioned that it has profited from its exposure to AI.

The fund initiated new positions in global insurance broker Marsh & McLennan (MMC [https://seekingalpha.com/symbol/MMC]) and Old Dominion Freight Line (ODFL [https://seekingalpha.com/symbol/ODFL]), a less-than-truckload shipping company.

The fund increased its position in Union Pacific (UNP [https://seekingalpha.com/symbol/UNP]) after its proposed merger with Norfolk Southern (NSC [https://seekingalpha.com/symbol/NSC]).

Besides, it reduced stakes in Oracle (ORCL [https://seekingalpha.com/symbol/ORCL]) after strong quarterly earnings that sparked a sharp increase in the share price. The fund took profits and reduced its position. The fund also trimmed positions in UnitedHealth (UNH [https://seekingalpha.com/symbol/UNH]) and Diageo (DEO [https://seekingalpha.com/symbol/DEO]) after it underwent leadership changes amid uneven fundamental execution.

MORE ON CLEARBRIDGE DIVIDEND STRATEGY FUND CLASS A

* ClearBridge Dividend Strategy Q3 2025 Commentary [https://seekingalpha.com/article/4828186-clearbridge-dividend-strategy-q3-2025-commentary]
* ClearBridge Dividend Strategy Fund Q2 2025 Commentary [https://seekingalpha.com/article/4804606-clearbridge-dividend-strategy-fund-q2-2025-commentary]
* Dividend scorecard for ClearBridge Dividend Strategy Fund Class A [https://seekingalpha.com/symbol/SOPAX/dividends/scorecard]