Group 1: ClearBridge Investments and Mid Cap Strategy - ClearBridge Mid Cap Strategy underperformed against the Russell Midcap Index, which returned 0.16% during Q4 2025, due to narrow market leadership and sentiment-driven trading [1] - Weakness in information technology and real estate holdings negatively impacted returns, while gains in select consumer discretionary stocks provided partial support [1] - The portfolio management team expressed cautious optimism for the future, citing improving clarity around policy, interest rates, and business investment as potential positive factors for active stock selection [1] Group 2: Teledyne Technologies Inc. - Teledyne Technologies Inc. reported a one-month return of 16.57%, with shares trading between $419.00 to $630.76 over the last 52 weeks, and a market capitalization of approximately $28.35 billion as of January 26, 2026 [2] - Investor sentiment towards software businesses weakened, impacting Teledyne Technologies Inc. and other companies, as expectations for near-term acceleration were pushed out [3] - Teledyne Technologies Inc. was held by 47 hedge fund portfolios at the end of Q3, a decrease from 51 in the previous quarter, indicating a shift in investor interest [4]