Here’s Why Clearbridge Dividend Strategy Sold EQT (EQT) in Q1

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A copy of the letter can be downloaded here. The market has witnessed two significant developments over the past three months: the war in Iran and the growing displacements of software engineers and the software industry. Amid this context, the strategy outperformed the S&P 500 Index, which dropped by 4.3%. This outperformance was attributed to a strategic underweight in information technology, which fell by 9.2% during the quarter, and an overweight in energy, which rose by 38.2%. The strategy focused on investing in high-quality industrial companies and alternative asset managers, while also sharpening energy investments on its top convictions. The firm anticipates that a slowdown in the global economy, driven by higher inflation and interest rates, will pose challenges to the market in 2026. The strategy continues to pursue broader diversification while navigating the challenges of war and AI disruption. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.In its first-quarter 2026 investor letter, Clearbridge Dividend Strategy highlighted stocks like EQT Corporation (NYSE:EQT). EQT Corporation (NYSE:EQT) is a leading natural gas producer headquartered in Pittsburgh, Pennsylvania. On April 7, 2026, EQT Corporation (NYSE:EQT) stock closed at $60.69 per share. EQT Corporation (NYSE:EQT) delivered a -4.92% return in the past month, and its shares gained 20.97% over the past twelve months. EQT Corporation (NYSE:EQT) has a market capitalization of $37.89 billion.Clearbridge Dividend Strategy stated the following regarding EQT Corporation (NYSE:EQT) in its Q1 2026 investor letter:"While we maintain a large overweight to energy, we have taken advantage of rising stock prices to exit two of our holdings, EQT Corporation (NYSE:EQT) and Enbridge. EQT always represented more of a tactical investment in an improving U.S. natural gas market, rather than a long-term investment in a franchise energy company. We made substantial profits in EQT over a four-year holding period and have decided to move on."EQT Corp. (EQT) Falls Alongside NatGas PricesEQT Corporation (NYSE:EQT) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 92 hedge fund portfolios held EQT Corporation (NYSE:EQT) at the end of the fourth quarter, up from 82 in the previous quarter. While we acknowledge the potential of EQT Corporation (NYSE:EQT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 72,454.84 +3,983.56 (+5.82%)DAL Delta Air Lines, Inc. 73.23 +7.60 (+11.59%)PANW Palo Alto Networks, Inc. 175.74 +5.87 (+3.46%)QNCX Quince Therapeutics, Inc. 0.3665 +0.2035 (+123.93%)META Meta Platforms, Inc. 602.72 +27.67 (+4.81%)PortfolioSign in to access your portfolioSign inTop gainersCAR Avis Budget Group, Inc. 255.15 +42.55 (+20.01%)ALHC Alignment Healthcare, Inc. 21.66 +2.99 (+16.02%)ELVN Enliven Therapeutics, Inc. 43.16 +4.22 (+10.84%)PSKY Paramount Skydance Corporation 10.90 +1.05 (+10.66%)AAOI Applied Optoelectronics, Inc. 117.64 +10.19 (+9.48%)Top losersMNR Mach Natural Resources LP 12.63 -1.52 (-10.74%)SMR NuScale Power Corporation 9.16 -1.01 (-9.93%)AXON Axon Enterprise, Inc. 372.87 -40.20 (-9.73%)RGC Regencell Bioscience Holdings Limited 27.86 -2.97 (-9.63%)NN NextNav Inc. 15.07 -1.54 (-9.30%)Most activeINTC Intel Corporation 52.91 +2.13 (+4.19%)NVDA NVIDIA Corporation 178.10 +0.46 (+0.26%)HOLX Hologic, Inc. 76.01 0.00 (0.00%)NOK Nokia Oyj 8.85 -0.04 (-0.45%)PLUG Plug Power Inc. 2.5200 -0.1700 (-6.32%)Top economic eventsEarnings eventsMy earnings eventsEarnings events