# EDGAR Filing Document

**Accession Number:** 0001176343
**File Stem:** 0001752724-25-203558
**Filing Date:** 2025-8
**Character Count:** 26385
**Document Hash:** d39f85df05724d72beb5a385ceb8e265
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203558.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203558

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS VARIABLE EQUITY TRUST
- **CENTRAL INDEX KEY:** 0001176343

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21128
- **FILM NUMBER:** 251253253

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 1-877-721-1926

**MAIL ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Legg Mason Partners Variable Portfolios IV
- **DATE OF NAME CHANGE:** 20060501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY MULTIPLE DISCIPLINE TRUST
- **DATE OF NAME CHANGE:** 20021004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY MULTIPLE DISCIPLINE ACCOUNT TRUST
- **DATE OF NAME CHANGE:** 20020626

## Series and Classes Contracts Data

### ClearBridge Variable Appreciation Portfolio (Series ID: S000017013)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047270 | Class I      | QLMAOX          |
| C000053699 | Class II     | CVAPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Legg Mason Partners Variable Equity Trust

- **b. Investment Company Act file number:** 811-21128

- **c. CIK number of Registrant:** 0001176343

- **d. LEI of Registrant:** 549300W9EP2BXVLOGN89

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 620 Eighth Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

  - **Telephone number:** 1-877-721-1926

**Item A.2. Information about the Series.**

- **a. Name of Series:** ClearBridge Variable Appreciation Portfolio

- **b. EDGAR series identifier (if any):** S000017013

- **c. LEI of Series:** 549300JPS8VIXKYYNE50

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1182716425.30

**Total Liabilities:** $1115226.46

**Net Assets:** $1181601198.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000047270 | 0.00%                | 5.64%                | 4.56%                |
| Class ID C000053699 | -0.03%               | 5.61%                | 4.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12279650.92             | $-12933691.02                              |
| Month 2  | $21496608.29             | $39167218.06                               |
| Month 3  | $9879547.55              | $41322051.12                               |

### Schedule of Portfolio Investments

| Name                                                     | Title                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| KINDER MORGAN INC/DE                                     | KINDER MORGAN INC                                        | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    354147 | NS      | $10411921.80  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                            | Old Dominion Freight Line Inc                            | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     48804 | NS      | $7920889.20   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                       | Union Pacific Corp                                       | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     23323 | NS      | $5366155.84   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                                   | Berkshire Hathaway Inc                                   | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |        47 | NS      | $34253600.00  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                                         | EXXON MOBIL CORP                                         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    142474 | NS      | $15358697.20  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                                    | Texas Instruments Inc                                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     46191 | NS      | $9590175.42   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                                   | Palo Alto Networks Inc                                   | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     41293 | NS      | $8450199.52   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                                | Tesla Inc                                                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     23183 | NS      | $7364311.78   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                           | Eli Lilly & Co                                           | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     27621 | NS      | $21531398.13  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                          | ASML Holding NV                                          | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     23480 | NS      | $18816637.20  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                      | AMERICAN TOWER CORP                                      | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     55108 | NS      | $12179970.16  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                                | APPLE INC                                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    241544 | NS      | $49557582.48  | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                        | JOHNSON & JOHNSON                                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    104789 | NS      | $16006519.75  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMORGAN CHASE & CO                                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    137396 | NS      | $39832474.36  | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC                              | HONEYWELL INTERNATIONAL INC                              | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     89991 | NS      | $20957104.08  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC                             | THERMO FISHER SCIENTIFIC INC                             | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     21693 | NS      | $8795643.78   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO                                           | WALT DISNEY CO                                           | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    163614 | NS      | $20289772.14  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                              | ORACLE CORP                                              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     33137 | NS      | $7244742.31   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                           | Amazon.com Inc                                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    198976 | NS      | $43653344.64  | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC-CL C                                        | ALPHABET INC                                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     66575 | NS      | $11809739.25  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                             | Synopsys Inc                                             | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     32626 | NS      | $16726697.68  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City L                           | Canadian Pacific Kansas City Ltd                         | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     76478 | NS      | $6062411.06   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                                 | RTX Corp                                                 | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    102216 | NS      | $14925580.32  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                                      | Emerson Electric Co                                      | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |    118226 | NS      | $15763072.58  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                             | Broadcom Inc                                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    139050 | NS      | $38329132.50  | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                                       | Crown Holdings Inc                                       | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     92037 | NS      | $9477970.26   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS CO                                      | VULCAN MATERIALS CO                                      | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     61820 | NS      | $16123892.40  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                                 | EQT Corp                                                 | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    114109 | NS      | $6654836.88   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                     | Progressive Corp/The                                     | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     30107 | NS      | $8034354.02   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I                           | BJ's Wholesale Club Holdings Inc                         | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     58784 | NS      | $6338678.72   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC/THE                                    | TRAVELERS COS INC/THE                                    | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     86556 | NS      | $23157192.24  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                             | Entergy Corp                                             | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    152066 | NS      | $12639725.92  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                       | Meta Platforms Inc                                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     66032 | NS      | $48737558.88  | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT INC                                     | WASTE MANAGEMENT INC                                     | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     81737 | NS      | $18703060.34  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                             | CHEVRON CORP                                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55239 | NS      | $7909672.41   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Premier Institutional US Treasury Reserves | Western Asset Premier Institutional US Treasury Reserves | CUSIP: 52470G478<br>LEI: 549300FS1J68EF5THY28 | Long             | STIV             | RF                | US        |  13269273 | NS      | $13269272.52  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                              | NVIDIA Corp                                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    450056 | NS      | $71104347.44  | 6.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COS INC                                              | TJX COS INC                                              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    188792 | NS      | $23313924.08  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                           | Starbucks Corp                                           | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     57036 | NS      | $5226208.68   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                          | T-Mobile US Inc                                          | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     46182 | NS      | $11003323.32  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                           | Eaton Corp PLC                                           | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     66804 | NS      | $23848359.96  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                     | BANK OF AMERICA CORP                                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    581296 | NS      | $27506926.72  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                | Linde PLC                                                | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |     31932 | NS      | $14981855.76  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                                     | WEC Energy Group Inc                                     | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     25053 | NS      | $2610522.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CO                                             | COCA-COLA CO                                             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    196534 | NS      | $13904780.50  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                                  | Sherwin-Williams Co/The                                  | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     26255 | NS      | $9014916.80   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                            | CME Group Inc                                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     21996 | NS      | $6062537.52   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                                           | MICROSOFT CORP                                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    214938 | NS      | $106912310.58 | 9.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                            | Automatic Data Processing Inc                            | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     63231 | NS      | $19500440.40  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC SHARES                                          | VISA INC SHARES                                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     90940 | NS      | $32288247.00  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOLAB INC                                               | ECOLAB INC                                               | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     44239 | NS      | $11919756.16  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD                                    | McCormick & Co Inc/MD                                    | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |    139202 | NS      | $10554295.64  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                            | Intercontinental Exchange Inc                            | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     70451 | NS      | $12925644.97  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                               | AbbVie Inc                                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     76964 | NS      | $14286057.68  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC-CL A                                        | ALPHABET INC                                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    113557 | NS      | $20012150.11  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                                            | Boeing Co/The                                            | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     64972 | NS      | $13613583.16  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                              | Netflix Inc                                              | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     21027 | NS      | $28157886.51  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan 100% US Treasury Securities Money Market Fund   | JPMorgan 100% US Treasury Securities Money Market Fund   | CUSIP: 4812A2835<br>LEI: 549300BS6M6EE7LNA816 | Long             | STIV             | RF                | US        |  13269272 | NS      | $13269272.42  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                                  | PROCTER & GAMBLE CO/THE                                  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    110144 | NS      | $17548142.08  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                              | WALMART INC                                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    295174 | NS      | $28862113.72  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                             | Stryker Corp                                             | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     28948 | NS      | $11452697.24  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Legg Mason Partners Variable Equity Trust

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer