ClearBridge Adds Take-Two Interactive to Large Cap Growth Portfolio

ClearBridge Investments added Take-Two Interactive Software, Inc. (NASDAQ: TTWO) to its Large Cap Growth Strategy in the third quarter of 2026. The global equity manager disclosed the new position in its third-quarter 2026 commentary, identifying the video game developer as a multiyear opportunity. The firm stated that the forthcoming launch of Grand Theft Auto VI supports unit sales, recurring revenue, and earnings revisions for the company.

Take-Two Interactive Software operates as an American interactive entertainment solutions provider. As of October 6, 2026, the stock closed at $202.53, resulting in a market capitalization of $37.87 billion. The shares had experienced a 20.90% year-to-date pullback and traded within a 52-week range of $187.63 to $265.94 during the period.

The addition of Take-Two Interactive Software occurred amidst a shift in leadership among large growth stocks. ClearBridge noted that momentum moved from high-momentum semiconductor names to companies with clearer artificial intelligence monetization paths. The strategy outperformed its Russell 1000 Growth Index benchmark, which posted a modest gain of 0.9% for the quarter. In contrast, the Russell 1000 Value Index rose 2.6%, while the S&P 500 Index and NASDAQ Composite also posted gains despite volatility and a selloff in higher-beta artificial intelligence stocks.

ClearBridge expanded its holdings to include specific semiconductor and AI infrastructure names alongside other growth companies, keeping its momentum exposure moderate. The index rebalance raised the weight of semiconductors and reduced software exposure, reflecting a broader move into the AI and semiconductor infrastructure ecosystem. The strategy’s focus on quality and valuation proved advantageous during these market shifts.

Hedge fund interest in Take-Two Interactive Software increased during the same period. Database records show that 84 hedge fund portfolios held the stock at the end of the second quarter, up from 77 portfolios in the previous quarter. However, ClearBridge maintained that certain AI stocks offer greater upside potential and carry less downside risk compared to Take-Two Interactive Software. The firm continues to monitor its top five holdings to identify best picks for 2026.