The ClearBridge Large Cap Growth Strategy divested its entire position in Accenture (ACN) during the fourth quarter of 2025, according to regulatory filings. The move follows a broader reassessment of technology sector exposure and shifting growth expectations.
- ClearBridge Large Cap Growth Strategy exited 1.2 million shares of Accenture (ACN) in Q4 2025.
- Accenture generated $61.2 billion in revenue for fiscal year 2024.
- Fund reduced large-cap services exposure by 14% in Q4 2025.
- Capital reallocated toward AI infrastructure and cloud-native platforms.
- Portfolio shift contributed to a 2.3% change in asset allocation.
- ACN stock declined 1.8% in after-hours trading post-exit announcement.
The ClearBridge Large Cap Growth Strategy completed the full exit of its holdings in Accenture Inc. (ACN), removing approximately 1.2 million shares from its portfolio during the final quarter of 2025. The decision marks the conclusion of a multi-year investment in the global consulting and technology services firm, which had been a component of the strategy since 2020. The exit reflects a strategic recalibration within the fund's technology exposure, particularly in service-based business models facing margin pressures and longer sales cycles. While Accenture reported revenue of $61.2 billion for fiscal year 2024 and maintained a 21% year-over-year growth in its digital transformation segment, the fund's managers cited concerns over profitability sustainability amid rising wage inflation and competitive intensification in the IT services sector. Portfolio analytics indicate the fund reduced its overall exposure to large-cap software and services firms by 14% during Q4 2025, reallocating capital toward high-growth artificial intelligence infrastructure and cloud-native platforms. The divestment contributed to a 2.3% shift in asset allocation toward emerging tech innovation zones, with new positions in companies specializing in generative AI and edge computing. Market participants are monitoring the move as a potential signal of broader reevaluation in the IT services sector. Accenture’s stock price dipped 1.8% in after-hours trading following the disclosure, though the broader S&P 500 tech sector remained relatively stable. The fund’s decision underscores growing investor scrutiny over service-based margins in a high-rate environment, even for industry leaders. The ClearBridge Large Cap Growth Strategy, which manages approximately $14.8 billion in assets, continues to emphasize companies with scalable software platforms and recurring revenue models. The exit from ACN does not indicate a negative outlook on the firm’s long-term fundamentals but rather a tactical adjustment based on evolving macroeconomic and sector-specific dynamics.