Reported 3 days ago
ClearBridge Investments' third-quarter 2025 investor letter reveals the decision to sell Accenture plc (ACN) due to concerns over its consulting growth being tempered by weak overall tech spending and outsourcing demand. Despite solid overall market performance, the firm's underexposure to perceived AI winners contributed to underperformance. Accenture's shares have significantly declined over the past year, prompting ClearBridge to seek better opportunities in AI stocks.
Source: YAHOO