NPORT-EX 2 LMA0100LM113024.htm EDGAR HTML
Schedule of Investments (unaudited)
November 30, 2024
 ClearBridge Growth Fund
(Percentages shown based on Fund net assets)
Security
 
 
Shares
Value
Common Stocks — 99.7%
Communication Services — 10.4%
Diversified Telecommunication Services — 0.0%††
GCI Liberty Inc., Class A Shares (Escrow)
370,293
 $1,851
*(a)(b)
Entertainment — 7.8%
Liberty Media Corp.-Liberty Formula One, Class C Shares
698,195
61,692,510
*
Madison Square Garden Entertainment Corp.
917,972
33,955,784
*
Madison Square Garden Sports Corp.
634,569
145,919,142
*
TKO Group Holdings Inc.
851,060
117,412,238
*
Total Entertainment
358,979,674
Interactive Media & Services — 2.3%
Pinterest Inc., Class A Shares
3,435,052
104,150,777
*
Media — 0.3%
Comcast Corp., Class A Shares
317,497
13,712,695
 
Total Communication Services
476,844,997
Consumer Discretionary — 9.7%
Hotels, Restaurants & Leisure — 4.9%
Airbnb Inc., Class A Shares
703,936
95,812,729
*
Chipotle Mexican Grill Inc.
1,064,600
65,494,192
*
Starbucks Corp.
639,200
65,492,432
Total Hotels, Restaurants & Leisure
226,799,353
Specialty Retail — 4.8%
TJX Cos. Inc.
1,170,000
147,057,300
Tractor Supply Co.
257,800
73,130,126
Total Specialty Retail
220,187,426
 
Total Consumer Discretionary
446,986,779
Consumer Staples — 1.3%
Personal Care Products — 1.3%
e.l.f. Beauty Inc.
468,900
60,731,928
*
 
Financials — 6.4%
Capital Markets — 6.4%
Ares Management Corp., Class A Shares
545,200
96,353,196
Cohen & Steers Inc.
1,197,282
125,307,534
MSCI Inc.
116,300
70,899,969
 
Total Financials
292,560,699
Health Care — 15.5%
Biotechnology — 8.4%
AbbVie Inc.
175,625
32,127,081
Biogen Inc.
55,762
8,957,050
*
Ionis Pharmaceuticals Inc.
669,237
23,911,838
*
Ultragenyx Pharmaceutical Inc.
436,003
20,766,823
*
Vertex Pharmaceuticals Inc.
645,496
302,176,043
*
Total Biotechnology
387,938,835
Health Care Equipment & Supplies — 2.3%
IDEXX Laboratories Inc.
78,500
33,107,375
*
Insulet Corp.
265,100
70,723,378
*
Total Health Care Equipment & Supplies
103,830,753
See Notes to Schedule of Investments.

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ClearBridge Growth Fund 2024 Quarterly Report

Schedule of Investments (unaudited) (cont’d)
November 30, 2024
 ClearBridge Growth Fund
(Percentages shown based on Fund net assets)
Security
 
 
Shares
Value
 
Health Care Providers & Services — 3.5%
UnitedHealth Group Inc.
260,196
 $158,771,599
Health Care Technology — 0.9%
Doximity Inc., Class A Shares
757,390
40,141,670
*
Life Sciences Tools & Services — 0.4%
Charles River Laboratories International Inc.
103,014
20,505,967
*
 
Total Health Care
711,188,824
Industrials — 17.6%
Aerospace & Defense — 3.6%
L3Harris Technologies Inc.
669,367
164,831,624
Building Products — 4.0%
Builders FirstSource Inc.
290,800
54,225,476
*
Johnson Controls International PLC
1,547,019
129,733,013
Total Building Products
183,958,489
Commercial Services & Supplies — 2.4%
Cintas Corp.
356,400
80,471,556
Clean Harbors Inc.
111,100
28,895,999
*
Total Commercial Services & Supplies
109,367,555
Electrical Equipment — 2.6%
Vertiv Holdings Co., Class A Shares
948,700
121,054,120
Ground Transportation — 2.2%
Old Dominion Freight Line Inc.
447,700
100,795,178
Professional Services — 0.3%
Paylocity Holding Corp.
65,200
13,531,608
*
Trading Companies & Distributors — 2.5%
W.W. Grainger Inc.
95,500
115,109,970
 
Total Industrials
808,648,544
Information Technology — 36.9%
Electronic Equipment, Instruments & Components — 5.1%
TE Connectivity PLC
1,543,592
233,267,623
IT Services — 5.4%
Accenture PLC, Class A Shares
247,825
89,804,345
MongoDB Inc.
60,100
19,381,649
*
Shopify Inc., Class A Shares
749,700
86,665,320
*
Snowflake Inc., Class A Shares
304,313
53,193,913
*
Total IT Services
249,045,227
Semiconductors & Semiconductor Equipment — 6.4%
Broadcom Inc.
1,800,270
291,787,761
Software — 18.9%
Autodesk Inc.
858,121
250,485,520
*
Crowdstrike Holdings Inc., Class A Shares
613,113
212,118,705
*
DocuSign Inc.
438,189
34,919,281
*
Dolby Laboratories Inc., Class A Shares
536,723
42,036,145
HubSpot Inc.
288,671
208,146,225
*
ServiceNow Inc.
115,800
121,525,152
*
Total Software
869,231,028
See Notes to Schedule of Investments.

2
ClearBridge Growth Fund 2024 Quarterly Report

 ClearBridge Growth Fund
(Percentages shown based on Fund net assets)
Security
 
 
Shares
Value
 
Technology Hardware, Storage & Peripherals — 1.1%
Seagate Technology Holdings PLC
232,358
 $23,544,836
Western Digital Corp.
390,511
28,503,398
*
Total Technology Hardware, Storage & Peripherals
52,048,234
 
Total Information Technology
1,695,379,873
Materials — 1.9%
Metals & Mining — 1.9%
Freeport-McMoRan Inc.
1,983,802
87,684,049
Total Investments before Short-Term Investments (Cost — $2,033,505,703)
4,580,025,693
 
 
Rate
 
 
 
Short-Term Investments — 0.3%
JPMorgan 100% U.S. Treasury Securities Money Market Fund, Institutional Class
4.473%
8,323,197
8,323,197
(c)
Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares
4.586%
8,323,197
8,323,197
(c)(d)
 
Total Short-Term Investments (Cost — $16,646,394)
16,646,394
Total Investments — 100.0% (Cost — $2,050,152,097)
4,596,672,087
Liabilities in Excess of Other Assets — (0.0)%††
(2,212,695
)
Total Net Assets — 100.0%
$4,594,459,392
††
Represents less than 0.1%.
*
Non-income producing security.
(a)
Security is fair valued in accordance with procedures approved by the Board of Trustees(Note 1).
(b)
Security is valued using significant unobservable inputs(Note 1).
(c)
Rate shown is one-day yield as of the end of the reporting period.
(d)
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 November 30, 2024, the total market value of
investments in Affiliated Companies was $8,323,197 and the cost was $8,323,197 (Note 2).
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.

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ClearBridge Growth Fund 2024 Quarterly Report

Notes to Schedule of Investments (unaudited)
1. Organization and significant accounting policies
ClearBridge Growth 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.  
Pursuant to policies adopted by the Board of Trustees, 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 of Trustees. 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 of Trustees, 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 of Trustees 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.

4
ClearBridge Growth Fund 2024 Quarterly Report

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†:
Communication Services
 $476,843,146
 $1,851
 $476,844,997
Other Common Stocks
4,103,180,696
4,103,180,696
Total Long-Term Investments
4,580,023,842
1,851
4,580,025,693
Short-Term Investments†
16,646,394
16,646,394
Total Investments
$4,596,670,236
$1,851
$4,596,672,087
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 November 30, 2024. The following transactions were effected in such company for the period ended November 30, 2024.
 
Affiliate
Value at

August 31,
2024
Purchased
Sold
Cost
Shares
Proceeds
Shares
Western Asset Premier
Institutional U.S.
Treasury Reserves,
Premium Shares
 $2,071,784
 $61,995,411
61,995,411
 $55,743,998
55,743,998

(cont’d)
Realized
Gain (Loss)
Dividend
Income
Net Increase
(Decrease) in
Unrealized
Appreciation
(Depreciation)
Affiliate
Value at
November 30,
2024
Western Asset Premier
Institutional U.S. Treasury
Reserves, Premium Shares
 $47,196
 $8,323,197

5
ClearBridge Growth Fund 2024 Quarterly Report