# EDGAR Filing Document

**Accession Number:** 0001176343
**File Stem:** 0001752724-23-035962
**Filing Date:** 2023-2
**Character Count:** 22823
**Document Hash:** 412d98926f6ffadf34e10768cfcc1496
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035962.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035962

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS VARIABLE EQUITY TRUST
- **CENTRAL INDEX KEY:** 0001176343
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21128
- **FILM NUMBER:** 23657674

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE, 49TH FLOOR
- **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, 49TH FLOOR
- **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 Dividend Strategy Portfolio (Series ID: S000008304)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000022693 | Class II     | QLMETX          |
| C000047600 | Class I      | QLMEIX          |

## 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 Dividend Strategy Portfolio

- **b. EDGAR series identifier (if any):** S000008304

- **c. LEI of Series:** 5493002UOIQFVG3SUR80

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $414014043.48

**Total Liabilities:** $346010.38

**Net Assets:** $413668033.10

**Cash Not Reported:** $198744.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000022693 | 9.54%                | 7.29%                | -4.17%               |
| Class ID C000047600 | 9.52%                | 7.31%                | -4.14%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-563694.83              | $41103042.57                               |
| Month 2  | $26603577.08             | $4260026.99                                |
| Month 3  | $1397363.12              | $-20052341.81                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VERIZON COMMUNICATIONS INC                               | VERIZON COMMUNICATIONS INC                               | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    149015 | NS      | $5871191.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                             | Apollo Global Management Inc                             | CUSIP: 03769M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    196050 | NS      | $12506029.50  | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                                              | METLIFE INC                                              | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    102196 | NS      | $7395924.52   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                             | Enbridge Inc                                             | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    298229 | NS      | $11660753.90  | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                        | JOHNSON & JOHNSON                                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     65940 | NS      | $11648301.00  | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp                               | Raytheon Technologies Corp                               | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    148624 | NS      | $14999134.08  | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                                 | EQT Corp                                                 | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    113730 | NS      | $3847485.90   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                              | Oracle Corp                                              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     88600 | NS      | $7242164.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                                        | General Motors Co                                        | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     81300 | NS      | $2734932.00   | 0.66%             |  |  |  | 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        |    595181 | NS      | $595180.51    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                                | APPLE INC                                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    116246 | NS      | $15103842.78  | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                                    | Northrop Grumman Corp                                    | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     10970 | NS      | $5985341.70   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE-CL B                               | UNITED PARCEL SERVICE INC                                | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     47040 | NS      | $8177433.60   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO. INC.                                         | MERCK & CO. INC.                                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    103510 | NS      | $11484434.50  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                     | BANK OF AMERICA CORP                                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    270260 | NS      | $8951011.20   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMORGAN CHASE & CO                                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     82010 | NS      | $10997541.00  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDUSTRIES INC                                       | PPG INDUSTRIES INC                                       | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     63940 | NS      | $8039815.60   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                                      | Vulcan Materials Co                                      | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     51770 | NS      | $9065444.70   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                                | AvalonBay Communities Inc                                | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     40700 | NS      | $6573864.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT INC                                     | WASTE MANAGEMENT INC                                     | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     39510 | NS      | $6198328.80   | 1.50%             |  |  |  | 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        |   2380722 | NS      | $2380721.85   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC SHARES                                          | VISA INC SHARES                                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     41990 | NS      | $8723842.40   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                                     | Freeport-McMoRan Inc                                     | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     85940 | NS      | $3265720.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                | Linde PLC                                                | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | GB        |     36520 | NS      | $11912093.60  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC/THE                                    | TRAVELERS COS INC/THE                                    | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     49670 | NS      | $9312628.30   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP                             | PNC FINANCIAL SERVICES GROUP INC/THE                     | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     35170 | NS      | $5554749.80   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NESTLE SA-SPONS ADR                                      | NESTLE SA                                                | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     74520 | NS      | $8595136.80   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC-A                             | MONDELEZ INTERNATIONAL INC                               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    142010 | NS      | $9464966.50   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO                                           | WALT DISNEY CO                                           | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     54120 | NS      | $4701945.60   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                                  | PROCTER & GAMBLE CO/THE                                  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     68220 | NS      | $10339423.20  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                                            | Sempra Energy                                            | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     53910 | NS      | $8331251.40   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                     | Edison International                                     | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     87202 | NS      | $5547791.24   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                               | Intel Corp                                               | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    171800 | NS      | $4540674.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                                           | MICROSOFT CORP                                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     75830 | NS      | $18185550.60  | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corp                                   | Chesapeake Energy Corp                                   | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     53780 | NS      | $5075218.60   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                             | Broadcom Inc                                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     10820 | NS      | $6049786.60   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                    | TEXAS INSTRUMENTS INC                                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     18420 | NS      | $3043352.40   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co                                  | Becton Dickinson and Co                                  | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     52580 | NS      | $13371094.00  | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC - A                                       | MASTERCARD INC                                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     21740 | NS      | $7559650.20   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP                                       | UNION PACIFIC CORP                                       | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     37880 | NS      | $7843811.60   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co                             | Pioneer Natural Resources Co                             | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     22390 | NS      | $5113652.10   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                   | SAP SE                                                   | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     67240 | NS      | $6938495.60   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I                           | American International Group Inc                         | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    111370 | NS      | $7043038.80   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                                        | Cisco Systems Inc                                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    126880 | NS      | $6044563.20   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                                               | PFIZER INC                                               | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    150610 | NS      | $7717256.40   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                                           | HOME DEPOT INC                                           | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     30510 | NS      | $9636888.60   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CO                                             | COCA-COLA CO                                             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    145580 | NS      | $9260343.80   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COS INC                                         | WILLIAMS COS INC/THE                                     | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    385910 | NS      | $12696439.00  | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                   | UNITEDHEALTH GROUP INC                                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     20110 | NS      | $10661919.80  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                             | COMCAST CORP-CLASS A                                     | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    269070 | NS      | $9409377.90   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                      | AMERICAN TOWER CORP                                      | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     28350 | NS      | $6006231.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer