Franklin Templeton ClearBridge Mid Cap Portfolios Q4 2025 Commentary

Franklin Templeton4.63K FollowersFollow5ShareSavePlay(8min)CommentsSummaryMid cap equities were flat to slightly positive in the fourth quarter, with the Russell Midcap Index returning 0.16%.The Portfolios underperformed its benchmark.IT detracted as investor sentiment toward software businesses weakened amid heightened sensitivity to earnings expectations and concerns around AI-driven disruption.We initiated positions in Casella Waste Systems following a transitory selloff tied to acquisition issues, and Tyler Technologies where a recurring revenue model supports durable growth.As we look toward 2026, we believe the environment for mid cap equities is becoming incrementally more constructive, though uncertainty remains. Torsten Asmus/iStock via Getty Images Key Takeaways Markets: Mid cap equities were flat to slightly positive in the fourth quarter, with the Russell Midcap Index returning 0.16%. Market performance was shaped less by macroeconomic shocks and more by an increasingly narrow set This article was written byFranklin Templeton4.63K FollowersFollowFranklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.4 trillion in assets under management as of June 30, 2023. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.