Schedule of Investments (unaudited)
January 31, 2026
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 ClearBridge Mid Cap Fund

(Percentages shown based on Fund net assets) 
Security
 
 
 
Shares
Value
Common Stocks — 98.9%
Communication Services — 1.8%
Entertainment — 1.8%
Live Nation Entertainment Inc.
200,000
 $29,090,000
 *
 
Consumer Discretionary — 12.8%
Diversified Consumer Services — 1.2%
Service Corp. International
238,000
19,142,340
 
Hotels, Restaurants & Leisure — 5.8%
Churchill Downs Inc.
325,000
31,967,000
 
Expedia Group Inc.
114,000
30,191,760
 
Light & Wonder Inc.
270,000
31,353,636
 *(a)
Total Hotels, Restaurants & Leisure
93,512,396
Household Durables — 1.6%
Mohawk Industries Inc.
224,000
26,517,120
 *
Specialty Retail — 4.2%
Chewy Inc., Class A Shares
1,100,000
32,021,000
 *
Ross Stores Inc.
119,000
22,449,350
 
Valvoline Inc.
375,000
12,270,000
 *
Total Specialty Retail
66,740,350
 
Total Consumer Discretionary
205,912,206
Consumer Staples — 5.5%
Consumer Staples Distribution & Retail — 5.5%
Casey’s General Stores Inc.
80,000
48,520,000
 
Performance Food Group Co.
409,000
39,039,050
 *
 
Total Consumer Staples
87,559,050
Energy — 6.6%
Energy Equipment & Services — 2.8%
Archrock Inc.
557,000
16,481,630
 
Baker Hughes Co.
509,000
28,524,360
 
Total Energy Equipment & Services
45,005,990
Oil, Gas & Consumable Fuels — 3.8%
Diamondback Energy Inc.
73,000
11,968,350
 
EQT Corp.
850,000
49,070,500
 
Total Oil, Gas & Consumable Fuels
61,038,850
 
Total Energy
106,044,840
Financials — 13.2%
Banks — 3.7%
Fifth Third Bancorp
335,000
16,823,700
 
PNC Financial Services Group Inc.
114,000
25,456,200
 
UMB Financial Corp.
135,000
17,163,900
 
Total Banks
59,443,800
Capital Markets — 5.1%
Ares Management Corp., Class A Shares
137,000
20,504,790
 
Coinbase Global Inc., Class A Shares
34,000
6,621,160
 *
Houlihan Lokey Inc.
116,000
19,525,120
 
Raymond James Financial Inc.
208,000
34,498,880
 
Total Capital Markets
81,149,950
See Notes to Schedule of Investments.
1
ClearBridge Mid Cap Fund 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
January 31, 2026
 ClearBridge Mid Cap Fund
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Insurance — 4.4%
Arch Capital Group Ltd.
320,000
 $30,732,800
 *
Hartford Insurance Group Inc.
296,000
39,977,760
 
Total Insurance
70,710,560
 
Total Financials
211,304,310
Health Care — 10.4%
Biotechnology — 1.3%
Argenx SE, ADR
25,000
21,012,500
 *
Health Care Equipment & Supplies — 3.2%
Insulet Corp.
54,000
13,813,740
 *
STERIS PLC
142,000
37,289,200
 
Total Health Care Equipment & Supplies
51,102,940
Health Care Providers & Services — 1.3%
Tenet Healthcare Corp.
108,000
20,442,240
 *
Health Care Technology — 0.8%
Doximity Inc., Class A Shares
360,000
13,489,200
 *
Life Sciences Tools & Services — 3.8%
Bio-Techne Corp.
501,000
32,109,090
 
ICON PLC
162,000
29,200,500
 *
Total Life Sciences Tools & Services
61,309,590
 
Total Health Care
167,356,470
Industrials — 21.0%
Aerospace & Defense — 2.7%
Axon Enterprise Inc.
13,200
6,383,256
 *
CAE Inc.
896,000
28,707,840
 *
Leonardo DRS Inc.
200,000
8,212,000
 
Total Aerospace & Defense
43,303,096
Building Products — 1.7%
Resideo Technologies Inc.
800,000
27,408,000
 *
Commercial Services & Supplies — 4.0%
Casella Waste Systems Inc., Class A Shares
187,000
18,864,560
 *
Clean Harbors Inc.
173,000
44,964,430
 *
Total Commercial Services & Supplies
63,828,990
Construction & Engineering — 4.4%
API Group Corp.
1,160,000
48,221,200
 *
WillScot Holdings Corp.
1,120,000
22,433,600
 
Total Construction & Engineering
70,654,800
Electrical Equipment — 4.4%
Regal Rexnord Corp.
271,000
43,766,500
 
Vertiv Holdings Co., Class A Shares
145,000
26,996,100
 
Total Electrical Equipment
70,762,600
Ground Transportation — 0.5%
XPO Inc.
58,000
8,590,380
 *
Trading Companies & Distributors — 3.3%
Ferguson Enterprises Inc.
126,000
31,809,960
 
QXO Inc.
400,000
8,872,000
 *
See Notes to Schedule of Investments.
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ClearBridge Mid Cap Fund 2026 Quarterly Report
 ClearBridge Mid Cap Fund
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Trading Companies & Distributors — continued
United Rentals Inc.
16,000
 $12,512,960
 
Total Trading Companies & Distributors
53,194,920
 
Total Industrials
337,742,786
Information Technology — 11.8%
Electronic Equipment, Instruments & Components — 3.0%
Teledyne Technologies Inc.
78,000
48,383,400
 *
Semiconductors & Semiconductor Equipment — 2.0%
Microchip Technology Inc.
412,000
31,279,040
 
Software — 6.0%
AppLovin Corp., Class A Shares
53,000
25,074,830
 *
Bentley Systems Inc., Class B Shares
425,000
14,926,000
 
Dynatrace Inc.
581,000
22,130,290
 *
Rubrik Inc., Class A Shares
365,000
20,421,750
 *
Tyler Technologies Inc.
37,000
13,667,800
 *
Total Software
96,220,670
Technology Hardware, Storage & Peripherals — 0.8%
GPGI Inc.
556,811
13,124,035
 *
 
Total Information Technology
189,007,145
Materials — 4.2%
Containers & Packaging — 4.2%
Crown Holdings Inc.
355,000
37,161,400
 
International Paper Co.
760,000
30,643,200
 
 
Total Materials
67,804,600
Real Estate — 5.2%
Real Estate Management & Development — 2.5%
CoStar Group Inc.
285,000
17,527,500
 *
Jones Lang LaSalle Inc.
62,000
22,190,420
 *
Total Real Estate Management & Development
39,717,920
Retail REITs — 1.7%
NNN REIT Inc.
676,000
28,168,920
 
Specialized REITs — 1.0%
SBA Communications Corp.
87,000
16,017,570
 
 
Total Real Estate
83,904,410
Utilities — 6.4%
Electric Utilities — 2.7%
PPL Corp.
1,200,000
43,500,000
 
Independent Power and Renewable Electricity Producers — 1.9%
Vistra Corp.
195,000
30,878,250
 
Multi-Utilities — 1.8%
DTE Energy Co.
214,000
28,757,320
 
 
Total Utilities
103,135,570
Total Investments before Short-Term Investments (Cost — $1,062,907,713)
1,588,861,387
See Notes to Schedule of Investments.
3
ClearBridge Mid Cap Fund 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
January 31, 2026
 ClearBridge Mid Cap Fund
(Percentages shown based on Fund net assets)
Security
 
Rate
 
Shares
Value
Short-Term Investments — 1.2%
JPMorgan 100% U.S. Treasury Securities Money Market Fund, Institutional Class
3.496%
9,765,759
 $9,765,759
 (b)
Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares
3.587%
9,765,760
9,765,760
 (b)(c)
 
Total Short-Term Investments (Cost — $19,531,519)
19,531,519
Total Investments — 100.1% (Cost — $1,082,439,232)
1,608,392,906
Liabilities in Excess of Other Assets — (0.1)%
(2,342,255
)
Total Net Assets — 100.0%
$1,606,050,651
 
*
Non-income producing security.
(a)
Security is fair valued in accordance with procedures approved by the Board of Trustees (Note 1).
(b)
Rate shown is one-day yield as of the end of the reporting period.
(c)
In this instance, as defined in the Investment Company Act of 1940, an “Affiliated Company” represents Fund ownership of at least 5% of the outstanding
voting securities of an issuer, or a company which is under common ownership or control with the Fund. At January 31, 2026, the total market value of
investments in Affiliated Companies was $9,765,760 and the cost was $9,765,760 (Note 2).
 
Abbreviation(s) used in this schedule:
ADR
—
American Depositary Receipts
REIT
—
Real Estate Investment Trust
This Schedule of Investments is unaudited and is intended to provide information about the Fund’s investments as of the date of the schedule. Other information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.
See Notes to Schedule of Investments.
4
ClearBridge Mid Cap Fund 2026 Quarterly Report
Notes to Schedule of Investments (unaudited)
1. Organization and significant accounting policies
ClearBridge Mid Cap Fund (the “Fund”) is a separate diversified investment series of Legg Mason Partners Investment Trust (the “Trust”). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company.
The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies (“ASC 946”). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”), including, but not limited to, ASC 946.
(a) Investment valuation. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund’s Board of Trustees (the “Board”).  
Pursuant to policies adopted by the Board, the Fund’s manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund’s manager is assisted by the Global Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Fund’s manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.
For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.
The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.
5
ClearBridge Mid Cap Fund 2026 Quarterly Report
Notes to Schedule of Investments (unaudited) (cont’d)
GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:
•
Level 1 — unadjusted quoted prices in active markets for identical investments
•
Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used in valuing the Fund’s assets carried at fair value:
 
ASSETS
Description
Quoted Prices
(Level 1)
Other Significant
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Long-Term Investments†:
Common Stocks:
Consumer Discretionary
 $174,558,570
 $31,353,636
—
 $205,912,206
Other Common Stocks
1,382,949,181
—
—
1,382,949,181
Total Long-Term Investments
1,557,507,751
31,353,636
—
1,588,861,387
Short-Term Investments†
19,531,519
—
—
19,531,519
Total Investments
$1,577,039,270
$31,353,636
—
$1,608,392,906
 
†
See Schedule of Investments for additional detailed categorizations.
2. Transactions with affiliated company
As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended January 31, 2026. The following transactions were effected in such company for the period ended January 31, 2026.
 
 
Affiliate
Value at

October 31,
2025
Purchased
Sold
Cost
Shares
Proceeds
Shares
Western Asset Premier
Institutional U.S.
Treasury Reserves,
Premium Shares
 $14,778,436
 $41,744,347
41,744,347
 $46,757,023
46,757,023

 
(cont’d)
Realized
Gain (Loss)
Dividend
Income
Net Increase
(Decrease) in
Unrealized
Appreciation
(Depreciation)
Affiliate
Value at
January 31,
2026
Western Asset Premier
Institutional U.S. Treasury
Reserves, Premium Shares
—
 $124,977
—
 $9,765,760
6
ClearBridge Mid Cap Fund 2026 Quarterly Report