ClearBridge Investments (Australia) Portfolio holdings
ClearBridge Investments (Australia) is an Australian fund manager that focuses only on global listed infrastructure and began in 2006 as RARE Infrastructure. Its team buys shares in companies that run airports, gas, electricity, water and roads in developed and emerging markets, aiming to give investors the risk and return profile of unlisted infrastructure with inflation-linked growth. In 2015, when founders Richard Elmslie and Nick Langley were its co-chief executives, Legg Mason agreed to buy a majority stake in RARE. After Franklin Templeton bought Legg Mason, RARE was integrated with ClearBridge Investments LLC, a New York-based equities manager that Franklin Templeton also owned, and took the ClearBridge name in 2021.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Emera Inc
EMA
|
+$309M |
| 2 |
Canadian National Railway
CNI
|
+$97.3M |
| 3 |
Clearway Energy Class C
CWEN
|
+$74.7M |
| 4 |
NextEra Energy
NEE
|
+$52.4M |
| 5 |
South Bow Corp
SOBO
|
+$45.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dominion Energy
D
|
+$139M |
| 2 |
Union Pacific
UNP
|
+$39.5M |
| 3 |
DTE Energy
DTE
|
+$1.66M |
| 4 |
CSX Corp
CSX
|
+$1.64M |
| 5 |
Cheniere Energy
LNG
|
+$1.54M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 54.52% |
| 2 | Energy | 27.66% |
| 3 | Industrials | 13.95% |
| 4 | Real Estate | 3.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Emera Inc
EMA
$15.6B
| $424M | 9.29% |
+6,872,575
| New | +$309M |
2025 Q2
0 quarters
|
|
2
Entergy
ETR
$53.5B
| $387M | 8.49% |
4,660,531
+36,804
| +0.8% | +$3.04M |
2021 Q3
15 quarters
|
|
|
3
NextEra Energy
NEE
$180B
| $362M | 7.94% |
5,218,965
+753,773
| +17% | +$52.4M |
2019 Q3
23 quarters
|
|
4
TC Energy
TRP
$67B
| $317M | 6.96% |
6,506,102
+383,548
| +6% | +$18.8M |
2016 Q4
34 quarters
|
|
5
Constellation Energy
CEG
$97.3B
| $260M | 5.71% |
806,516
+33,303
| +4% | +$8.81M |
2022 Q1
13 quarters
|
|
6
OGE Energy
OGE
$10.6B
| $250M | 5.48% |
5,635,273
+69,459
| +1% | +$3.08M |
2022 Q2
12 quarters
|
|
7
WEC Energy
WEC
$38.6B
| $246M | 5.4% |
2,364,236
+12,581
| +0.5% | +$1.34M |
2024 Q3
3 quarters
|
|
8
Pembina Pipeline
PBA
$29B
| $204M | 4.48% |
5,448,687
+29,133
| +0.5% | +$1.1M |
2021 Q1
17 quarters
|
|
|
9
Union Pacific
UNP
$179B
| $194M | 4.25% |
843,041
-178,146
| -17% | -$39.5M |
2014 Q4
42 quarters
|
|
|
10
Canadian National Railway
CNI
$76.5B
| $184M | 4.04% |
1,769,970
+956,280
| +118% | +$97.3M |
2024 Q3
3 quarters
|
|
11
Oneok
OKE
$55.6B
| $183M | 4% |
2,236,877
+20,592
| +0.9% | +$1.72M |
2024 Q4
2 quarters
|
|
12
Crown Castle
CCI
$37.9B
| $176M | 3.87% |
1,716,795
+43,661
| +3% | +$4.42M |
2014 Q4
42 quarters
|
|
13
Public Service Enterprise Group
PEG
$37B
| $174M | 3.82% |
2,069,913
+335,637
| +19% | +$27.1M |
2025 Q1
1 quarter
|
|
14
Ferrovial N.V. Ordinary Shares
FER
$44B
| $170M | 3.72% |
3,195,335
+649,250
| +25% | +$31.6M |
2024 Q3
3 quarters
|
|
15
Enbridge
ENB
$107B
| $164M | 3.59% |
3,615,519
+79,866
| +2% | +$3.62M |
2016 Q3
35 quarters
|
|
|
16
South Bow Corp
SOBO
$6.9B
| $157M | 3.44% |
6,048,760
+1,787,995
| +42% | +$45.5M |
2024 Q4
2 quarters
|
|
17
Williams Companies
WMB
$86.2B
| $152M | 3.33% |
2,418,494
+34,782
| +1% | +$2.05M |
2024 Q3
3 quarters
|
|
18
Brookfield Renewable
BEPC
$5.81B
| $141M | 3.1% |
4,310,060
+78,131
| +2% | +$2.28M |
2020 Q3
19 quarters
|
|
|
19
DTE Energy
DTE
$29.1B
| $89.5M | 1.96% |
676,040
-12,326
| -2% | -$1.66M |
2024 Q3
3 quarters
|
|
|
20
CSX Corp
CSX
$95.7B
| $88.9M | 1.95% |
2,725,112
-54,636
| -2% | -$1.64M |
2020 Q1
21 quarters
|
|
|
21
Cheniere Energy
LNG
$62.2B
| $84.6M | 1.86% |
347,562
-6,668
| -2% | -$1.54M |
2017 Q3
31 quarters
|
|
|
22
Clearway Energy Class C
CWEN
$4.16B
| $80M | 1.75% |
+2,500,083
| New | +$74.7M |
2025 Q2
0 quarters
|
|
23
CenterPoint Energy
CNP
$27.2B
| $70.9M | 1.55% |
1,930,459
-34,345
| -2% | -$1.27M |
2023 Q1
9 quarters
|
|
24
Exelon
EXC
$47.2B
| $490K | 0.01% |
11,277
+1,130
| +11% | +$50.3K |
2016 Q4
34 quarters
|
|
25
American Water Works
AWK
$29.8B
| $369K | 0.01% |
2,654
-291
| -10% | -$41.7K |
2022 Q2
12 quarters
|
|
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ClearBridge Investments (Australia)'s Q2 2025 Portfolio in Review
As of Q2 2025, ClearBridge Investments (Australia) held 27 positions worth $4.56B, up 18% from $3.85B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
ClearBridge Investments (Australia) deployed $502M of net new capital in Q2 2025, opening 2 new positions and adding to 17 existing holdings. Its largest new stake was Emera Inc: 6,872,575 shares worth $424M.
By sector, the portfolio is most concentrated in Utilities at 55% of assets, up from 51% a quarter earlier, followed by Energy and Industrials.
On the sell side, the largest reduction was Union Pacific, an estimated $39.5M trimmed.
- ClearBridge Investments (Australia)'s largest Q2 2025 buy was Emera Inc: 6,872,575 shares worth $424M.
- ClearBridge Investments (Australia) added most to Canadian National Railway in Q2 2025, an estimated $97.3M increase.
- ClearBridge Investments (Australia)'s biggest Q2 2025 reduction was Union Pacific, cutting an estimated $39.5M.
- ClearBridge Investments (Australia) fully exited Dominion Energy in Q2 2025, selling an estimated $139M.
- ClearBridge Investments (Australia)'s ten largest holdings make up 62% of its $4.56B portfolio in Q2 2025.
- ClearBridge Investments (Australia) opened 2 new positions and closed 2 in Q2 2025.
- ClearBridge Investments (Australia)'s portfolio value rose 18% quarter-over-quarter to $4.56B.
Based on ClearBridge Investments (Australia)'s 13F filing for Q2 2025, filed 12 Aug 2025.