# EDGAR Filing Document

**Accession Number:** 0001176343
**File Stem:** 0000940400-26-021626
**Filing Date:** 2026-5
**Character Count:** 54688
**Document Hash:** 24002efb9e8b1950469bd82cfb62be4b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021626.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-021626

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**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:** 261031888

**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 Mid Cap Portfolio (Series ID: S000016937)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000047121 | Class I      | QLMMIX          |
| C000047122 | Class II     | QLMPTX          |

## Nport-Ex

Schedule of Investments (unaudited)

March 31, 2026

***If you need assistance accessing this content, please reach out to your sales representative or send an email to*** <u>accessibility@franklintempleton.com.</u>

 **ClearBridge Variable Mid Cap Portfolio**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>(Percentages shown based on Portfolio net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| **Common Stocks — 97.3%** | **Common Stocks — 97.3%** | **Common Stocks — 97.3%** |
| **Communication Services — 2.0%** | **Communication Services — 2.0%** | **Communication Services — 2.0%** |
| *Entertainment — 2.0%* | *Entertainment — 2.0%* | *Entertainment — 2.0%* |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment Inc. | &nbsp;&nbsp; 31500 | &nbsp;&nbsp;&nbsp; **$4,804,065**<br> \*<br>|
| **Consumer Discretionary — 13.7%** | **Consumer Discretionary — 13.7%** | **Consumer Discretionary — 13.7%** |
| *Diversified Consumer Services — 1.3%* | *Diversified Consumer Services — 1.3%* | *Diversified Consumer Services — 1.3%* |
| &nbsp;&nbsp;&nbsp; Service Corp. International | &nbsp;&nbsp; 38400 | &nbsp;&nbsp;&nbsp; *3168384*<br>|
| *Hotels, Restaurants & Leisure — 5.1%* | *Hotels, Restaurants & Leisure — 5.1%* | *Hotels, Restaurants & Leisure — 5.1%* |
| &nbsp;&nbsp;&nbsp; Churchill Downs Inc. | &nbsp;&nbsp; 52100 | &nbsp;&nbsp;&nbsp; 4680143<br>|
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings Inc. | &nbsp;&nbsp; 6300 | &nbsp;&nbsp;&nbsp; 1915704<br>|
| &nbsp;&nbsp;&nbsp; Light & Wonder Inc., CDI | &nbsp;&nbsp; 44500 | &nbsp;&nbsp;&nbsp; 3,735,228<br> \*<sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Viking Holdings Ltd. | &nbsp;&nbsp; 26200 | &nbsp;&nbsp;&nbsp; 1,925,176<br> \*<br>|
| *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | &nbsp;&nbsp; *12256251* |
| *Household Durables — 2.0%* | *Household Durables — 2.0%* | *Household Durables — 2.0%* |
| &nbsp;&nbsp;&nbsp; Mohawk Industries Inc. | &nbsp;&nbsp; 36400 | &nbsp;&nbsp;&nbsp; 3,583,944<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Somnigroup International Inc. | &nbsp;&nbsp; 15600 | &nbsp;&nbsp;&nbsp; 1153152<br>|
| *Total Household Durables* | *Total Household Durables* | &nbsp;&nbsp; *4737096* |
| *Specialty Retail — 5.3%* | *Specialty Retail — 5.3%* | *Specialty Retail — 5.3%* |
| &nbsp;&nbsp;&nbsp; Carvana Co. | &nbsp;&nbsp; 5100 | &nbsp;&nbsp;&nbsp; 1,603,338<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Chewy Inc., Class A Shares | &nbsp;&nbsp; 177600 | &nbsp;&nbsp;&nbsp; 4,795,200<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Ross Stores Inc. | &nbsp;&nbsp; 16800 | &nbsp;&nbsp;&nbsp; 3639384<br>|
| &nbsp;&nbsp;&nbsp; Valvoline Inc. | &nbsp;&nbsp; 79700 | &nbsp;&nbsp;&nbsp; 2,684,296<br> \*<br>|
| *Total Specialty Retail* | *Total Specialty Retail* | &nbsp;&nbsp; *12722218* |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **32883949** |
| **Consumer Staples — 5.9%** | **Consumer Staples — 5.9%** | **Consumer Staples — 5.9%** |
| *Consumer Staples Distribution & Retail — 5.9%* | *Consumer Staples Distribution & Retail — 5.9%* | *Consumer Staples Distribution & Retail — 5.9%* |
| &nbsp;&nbsp;&nbsp; Casey's General Stores Inc. | &nbsp;&nbsp; 11600 | &nbsp;&nbsp;&nbsp; 8443176<br>|
| &nbsp;&nbsp;&nbsp; Performance Food Group Co. | &nbsp;&nbsp; 67600 | &nbsp;&nbsp;&nbsp; 5,790,616<br> \*<br>|
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **14233792** |
| **Energy — 7.5%** | **Energy — 7.5%** | **Energy — 7.5%** |
| *Energy Equipment & Services — 3.4%* | *Energy Equipment & Services — 3.4%* | *Energy Equipment & Services — 3.4%* |
| &nbsp;&nbsp;&nbsp; Archrock Inc. | &nbsp;&nbsp; 87500 | &nbsp;&nbsp;&nbsp; 3045000<br>|
| &nbsp;&nbsp;&nbsp; Baker Hughes Co. | &nbsp;&nbsp; 81600 | &nbsp;&nbsp;&nbsp; 4981680<br>|
| *Total Energy Equipment & Services* | *Total Energy Equipment & Services* | &nbsp;&nbsp; *8026680* |
| *Oil, Gas & Consumable Fuels — 4.1%* | *Oil, Gas & Consumable Fuels — 4.1%* | *Oil, Gas & Consumable Fuels — 4.1%* |
| &nbsp;&nbsp;&nbsp; Diamondback Energy Inc. | &nbsp;&nbsp; 10900 | &nbsp;&nbsp;&nbsp; 2155911<br>|
| &nbsp;&nbsp;&nbsp; EQT Corp. | &nbsp;&nbsp; 122400 | &nbsp;&nbsp;&nbsp; 7789536<br>|
| *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | &nbsp;&nbsp; *9945447* |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **17972127** |
| **Financials — 11.7%** | **Financials — 11.7%** | **Financials — 11.7%** |
| *Banks — 3.7%* | *Banks — 3.7%* | *Banks — 3.7%* |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp | &nbsp;&nbsp; 53500 | &nbsp;&nbsp;&nbsp; 2485610<br>|
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc. | &nbsp;&nbsp; 18200 | &nbsp;&nbsp;&nbsp; 3787238<br>|
| &nbsp;&nbsp;&nbsp; UMB Financial Corp. | &nbsp;&nbsp; 21900 | &nbsp;&nbsp;&nbsp; 2470101<br>|
| *Total Banks* | *Total Banks* | &nbsp;&nbsp; *8742949* |
| *Capital Markets — 4.1%* | *Capital Markets — 4.1%* | *Capital Markets — 4.1%* |
| &nbsp;&nbsp;&nbsp; Houlihan Lokey Inc. | &nbsp;&nbsp; 26500 | &nbsp;&nbsp;&nbsp; 3805930<br>|
| &nbsp;&nbsp;&nbsp; Raymond James Financial Inc. | &nbsp;&nbsp; 34100 | &nbsp;&nbsp;&nbsp; 4937339<br>|

---

See Notes to Schedule of Investments.

------

ClearBridge Variable Mid Cap Portfolio 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **ClearBridge Variable Mid Cap Portfolio**

(Percentages shown based on Portfolio net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Capital Markets — continued* | *Capital Markets — continued* | *Capital Markets — continued* |
| &nbsp;&nbsp;&nbsp; Robinhood Markets Inc., Class A Shares | &nbsp;&nbsp; 16700 | &nbsp;&nbsp;&nbsp; $1,157,310<br> \*<br>|
| *Total Capital Markets* | *Total Capital Markets* | &nbsp;&nbsp; *9900579* |
| *Insurance — 3.9%* | *Insurance — 3.9%* | *Insurance — 3.9%* |
| &nbsp;&nbsp;&nbsp; Arch Capital Group Ltd. | &nbsp;&nbsp; 46000 | &nbsp;&nbsp;&nbsp; 4,415,540<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Hartford Insurance Group Inc. | &nbsp;&nbsp; 36600 | &nbsp;&nbsp;&nbsp; 4949418<br>|
| *Total Insurance* | *Total Insurance* | &nbsp;&nbsp; *9364958* |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **28008486** |
| **Health Care — 8.3%** | **Health Care — 8.3%** | **Health Care — 8.3%** |
| *Biotechnology — 0.9%* | *Biotechnology — 0.9%* | *Biotechnology — 0.9%* |
| &nbsp;&nbsp;&nbsp; Argenx SE, ADR | &nbsp;&nbsp; 3000 | &nbsp;&nbsp;&nbsp; *2,190,750*<br> \*<br>|
| *Health Care Equipment & Supplies — 3.1%* | *Health Care Equipment & Supplies — 3.1%* | *Health Care Equipment & Supplies — 3.1%* |
| &nbsp;&nbsp;&nbsp; Insulet Corp. | &nbsp;&nbsp; 8400 | &nbsp;&nbsp;&nbsp; 1,762,656<br> \*<br>|
| &nbsp;&nbsp;&nbsp; STERIS PLC | &nbsp;&nbsp; 25900 | &nbsp;&nbsp;&nbsp; 5727267<br>|
| *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | &nbsp;&nbsp; *7489923* |
| *Health Care Providers & Services — 1.9%* | *Health Care Providers & Services — 1.9%* | *Health Care Providers & Services — 1.9%* |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. | &nbsp;&nbsp; 24500 | &nbsp;&nbsp;&nbsp; *4,623,395*<br> \*<br>|
| *Health Care Technology — 0.6%* | *Health Care Technology — 0.6%* | *Health Care Technology — 0.6%* |
| &nbsp;&nbsp;&nbsp; Doximity Inc., Class A Shares | &nbsp;&nbsp; 58400 | &nbsp;&nbsp;&nbsp; *1,360,720*<br> \*<br>|
| *Life Sciences Tools & Services — 1.8%* | *Life Sciences Tools & Services — 1.8%* | *Life Sciences Tools & Services — 1.8%* |
| &nbsp;&nbsp;&nbsp; Bio-Techne Corp. | &nbsp;&nbsp; 80800 | &nbsp;&nbsp;&nbsp; *4222608*<br>|
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **19887396** |
| **Industrials — 23.4%** | **Industrials — 23.4%** | **Industrials — 23.4%** |
| *Aerospace & Defense — 2.6%* | *Aerospace & Defense — 2.6%* | *Aerospace & Defense — 2.6%* |
| &nbsp;&nbsp;&nbsp; Axon Enterprise Inc. | &nbsp;&nbsp; 2000 | &nbsp;&nbsp;&nbsp; 849,380<br> \*<br>|
| &nbsp;&nbsp;&nbsp; CAE Inc. | &nbsp;&nbsp; 148400 | &nbsp;&nbsp;&nbsp; 3,865,820<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Leonardo DRS Inc. | &nbsp;&nbsp; 32400 | &nbsp;&nbsp;&nbsp; 1442448<br>|
| *Total Aerospace & Defense* | *Total Aerospace & Defense* | &nbsp;&nbsp; *6157648* |
| *Building Products — 1.5%* | *Building Products — 1.5%* | *Building Products — 1.5%* |
| &nbsp;&nbsp;&nbsp; Resideo Technologies Inc. | &nbsp;&nbsp; 110200 | &nbsp;&nbsp;&nbsp; *3,714,842*<br> \*<br>|
| *Commercial Services & Supplies — 4.7%* | *Commercial Services & Supplies — 4.7%* | *Commercial Services & Supplies — 4.7%* |
| &nbsp;&nbsp;&nbsp; Casella Waste Systems Inc., Class A Shares | &nbsp;&nbsp; 57700 | &nbsp;&nbsp;&nbsp; 4,577,918<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Clean Harbors Inc. | &nbsp;&nbsp; 23500 | &nbsp;&nbsp;&nbsp; 6,738,155<br> \*<br>|
| *Total Commercial Services & Supplies* | *Total Commercial Services & Supplies* | &nbsp;&nbsp; *11316073* |
| *Construction & Engineering — 4.7%* | *Construction & Engineering — 4.7%* | *Construction & Engineering — 4.7%* |
| &nbsp;&nbsp;&nbsp; API Group Corp. | &nbsp;&nbsp; 187300 | &nbsp;&nbsp;&nbsp; 7,589,396<br> \*<br>|
| &nbsp;&nbsp;&nbsp; WillScot Holdings Corp. | &nbsp;&nbsp; 216100 | &nbsp;&nbsp;&nbsp; 3751496<br>|
| *Total Construction & Engineering* | *Total Construction & Engineering* | &nbsp;&nbsp; *11340892* |
| *Electrical Equipment — 4.7%* | *Electrical Equipment — 4.7%* | *Electrical Equipment — 4.7%* |
| &nbsp;&nbsp;&nbsp; Regal Rexnord Corp. | &nbsp;&nbsp; 30000 | &nbsp;&nbsp;&nbsp; 5617800<br>|
| &nbsp;&nbsp;&nbsp; Vertiv Holdings Co., Class A Shares | &nbsp;&nbsp; 22500 | &nbsp;&nbsp;&nbsp; 5638050<br>|
| *Total Electrical Equipment* | *Total Electrical Equipment* | &nbsp;&nbsp; *11255850* |
| *Ground Transportation — 1.0%* | *Ground Transportation — 1.0%* | *Ground Transportation — 1.0%* |
| &nbsp;&nbsp;&nbsp; XPO Inc. | &nbsp;&nbsp; 12000 | &nbsp;&nbsp;&nbsp; *2,334,600*<br> \*<br>|
| *Trading Companies & Distributors — 4.2%* | *Trading Companies & Distributors — 4.2%* | *Trading Companies & Distributors — 4.2%* |
| &nbsp;&nbsp;&nbsp; Ferguson Enterprises Inc. | &nbsp;&nbsp; 20300 | &nbsp;&nbsp;&nbsp; 4735178<br>|
| &nbsp;&nbsp;&nbsp; QXO Inc. | &nbsp;&nbsp; 65900 | &nbsp;&nbsp;&nbsp; 1,279,778<br> \*<br>|

---

See Notes to Schedule of Investments.

------

ClearBridge Variable Mid Cap Portfolio 2026 Quarterly Report

------

 **ClearBridge Variable Mid Cap Portfolio**

(Percentages shown based on Portfolio net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Trading Companies & Distributors — continued* | *Trading Companies & Distributors — continued* | *Trading Companies & Distributors — continued* |
| &nbsp;&nbsp;&nbsp; United Rentals Inc. | &nbsp;&nbsp; 5500 | &nbsp;&nbsp;&nbsp; $4007080<br>|
| *Total Trading Companies & Distributors* | *Total Trading Companies & Distributors* | &nbsp;&nbsp; *10022036* |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **56141941** |
| **Information Technology — 9.5%** | **Information Technology — 9.5%** | **Information Technology — 9.5%** |
| *Electronic Equipment, Instruments & Components — 3.2%* | *Electronic Equipment, Instruments & Components — 3.2%* | *Electronic Equipment, Instruments & Components — 3.2%* |
| &nbsp;&nbsp;&nbsp; Teledyne Technologies Inc. | &nbsp;&nbsp; 12700 | &nbsp;&nbsp;&nbsp; *7,683,627*<br> \*<br>|
| *Semiconductors & Semiconductor Equipment — 2.3%* | *Semiconductors & Semiconductor Equipment — 2.3%* | *Semiconductors & Semiconductor Equipment — 2.3%* |
| &nbsp;&nbsp;&nbsp; Microchip Technology Inc. | &nbsp;&nbsp; 67200 | &nbsp;&nbsp;&nbsp; 4341792<br>|
| &nbsp;&nbsp;&nbsp; Monolithic Power Systems Inc. | &nbsp;&nbsp; 1100 | &nbsp;&nbsp;&nbsp; 1202685<br>|
| *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | &nbsp;&nbsp; *5544477* |
| *Software — 3.4%* | *Software — 3.4%* | *Software — 3.4%* |
| &nbsp;&nbsp;&nbsp; AppLovin Corp., Class A Shares | &nbsp;&nbsp; 8700 | &nbsp;&nbsp;&nbsp; 3,462,600<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Bentley Systems Inc., Class B Shares | &nbsp;&nbsp; 50900 | &nbsp;&nbsp;&nbsp; 1787608<br>|
| &nbsp;&nbsp;&nbsp; Rubrik Inc., Class A Shares | &nbsp;&nbsp; 58400 | &nbsp;&nbsp;&nbsp; 2,859,848<br> \*<br>|
| *Total Software* | *Total Software* | &nbsp;&nbsp; *8110056* |
| *Technology Hardware, Storage & Peripherals — 0.6%* | *Technology Hardware, Storage & Peripherals — 0.6%* | *Technology Hardware, Storage & Peripherals — 0.6%* |
| &nbsp;&nbsp;&nbsp; GPGI Inc. | &nbsp;&nbsp; 88751 | &nbsp;&nbsp;&nbsp; *1517642*<br>|
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **22855802** |
| **Materials — 4.2%** | **Materials — 4.2%** | **Materials — 4.2%** |
| *Containers & Packaging — 4.2%* | *Containers & Packaging — 4.2%* | *Containers & Packaging — 4.2%* |
| &nbsp;&nbsp;&nbsp; Crown Holdings Inc. | &nbsp;&nbsp; 57500 | &nbsp;&nbsp;&nbsp; 5764375<br>|
| &nbsp;&nbsp;&nbsp; International Paper Co. | &nbsp;&nbsp; 124600 | &nbsp;&nbsp;&nbsp; 4448220<br>|
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **10212595** |
| **Real Estate — 4.4%** | **Real Estate — 4.4%** | **Real Estate — 4.4%** |
| *Real Estate Management & Development — 1.5%* | *Real Estate Management & Development — 1.5%* | *Real Estate Management & Development — 1.5%* |
| &nbsp;&nbsp;&nbsp; Jones Lang LaSalle Inc. | &nbsp;&nbsp; 12200 | &nbsp;&nbsp;&nbsp; *3,712,704*<br> \*<br>|
| *Retail REITs — 1.9%* | *Retail REITs — 1.9%* | *Retail REITs — 1.9%* |
| &nbsp;&nbsp;&nbsp; NNN REIT Inc. | &nbsp;&nbsp; 109400 | &nbsp;&nbsp;&nbsp; *4598082*<br>|
| *Specialized REITs — 1.0%* | *Specialized REITs — 1.0%* | *Specialized REITs — 1.0%* |
| &nbsp;&nbsp;&nbsp; SBA Communications Corp. | &nbsp;&nbsp; 13800 | &nbsp;&nbsp;&nbsp; *2375118*<br>|
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **10685904** |
| **Utilities — 6.7%** | **Utilities — 6.7%** | **Utilities — 6.7%** |
| *Electric Utilities — 1.1%* | *Electric Utilities — 1.1%* | *Electric Utilities — 1.1%* |
| &nbsp;&nbsp;&nbsp; PPL Corp. | &nbsp;&nbsp; 73000 | &nbsp;&nbsp;&nbsp; *2788600*<br>|
| *Independent Power and Renewable Electricity Producers — 2.6%* | *Independent Power and Renewable Electricity Producers — 2.6%* | *Independent Power and Renewable Electricity Producers — 2.6%* |
| &nbsp;&nbsp;&nbsp; Vistra Corp. | &nbsp;&nbsp; 41600 | &nbsp;&nbsp;&nbsp; *6253728*<br>|
| *Multi-Utilities — 3.0%* | *Multi-Utilities — 3.0%* | *Multi-Utilities — 3.0%* |
| &nbsp;&nbsp;&nbsp; DTE Energy Co. | &nbsp;&nbsp; 48700 | &nbsp;&nbsp;&nbsp; *7120914*<br>|
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **16163242** |
| **Total Investments before Short-Term Investments (Cost — $170,707,044)** | **Total Investments before Short-Term Investments (Cost — $170,707,044)** | &nbsp;&nbsp; **233849299** |

---

See Notes to Schedule of Investments.

------

ClearBridge Variable Mid Cap Portfolio 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **ClearBridge Variable Mid Cap Portfolio**

(Percentages shown based on Portfolio net assets)

---

| | | | |
|:---|:---|:---|:---|
| Security | Rate | Shares | Value |
| **Short-Term Investments — 0.3%** | **Short-Term Investments — 0.3%** | **Short-Term Investments — 0.3%** | **Short-Term Investments — 0.3%** |
| &nbsp;&nbsp;&nbsp; JPMorgan 100% U.S. Treasury Securities Money Market Fund, Institutional Class | &nbsp;&nbsp; 3.508% | &nbsp;&nbsp; 299165 | &nbsp;&nbsp;&nbsp; $299165<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares | &nbsp;&nbsp; 3.578% | &nbsp;&nbsp; 299165 | &nbsp;&nbsp;&nbsp; 299165<br> <sup>(b)(c)</sup><br>|
| **Total Short-Term Investments (Cost — $598,330)** | **Total Short-Term Investments (Cost — $598,330)** | **Total Short-Term Investments (Cost — $598,330)** | &nbsp;&nbsp; **598330** |
| **Total Investments — 97.6% (Cost — $171,305,374)** | **Total Investments — 97.6% (Cost — $171,305,374)** | **Total Investments — 97.6% (Cost — $171,305,374)** | &nbsp;&nbsp; **234447629** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 2.4% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 2.4% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 2.4% | &nbsp;&nbsp;&nbsp; 5794765 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$240242394** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

<sup>(a)</sup> Security is fair valued in accordance with procedures approved by the Board of Trustees (Note 1).

<sup>(b)</sup> Rate shown is one-day yield as of the end of the reporting period. 

<sup>(c)</sup> In this instance, as defined in the Investment Company Act of 1940, an "Affiliated Company" represents Portfolio ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Portfolio. At March 31, 2026, the total market value of investments in Affiliated Companies was $299,165 and the cost was $299,165 (Note 2). 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| ADR |  | American Depositary Receipts |
| CDI |  | Clearing House Electronic Subregister System Depositary Interest |
| REIT |  | Real Estate Investment Trust |

---

This Schedule of Investments is unaudited and is intended to provide information about the Portfolio's investments as of the date of the schedule. Other information regarding the Portfolio is available in the Portfolio's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

------

ClearBridge Variable Mid Cap Portfolio 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization and significant accounting policies** 

ClearBridge Variable Mid Cap Portfolio (the "Portfolio") is a separate diversified investment series of Legg Mason Partners Variable Equity Trust (the "Trust"). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

Shares of the Portfolio may only be purchased or redeemed through variable annuity contracts and variable life insurance policies offered by the separate accounts of participating insurance companies or through eligible pension or other qualified plans.

The Portfolio follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Portfolio and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. When the Portfolio holds securities or other assets that are denominated in a foreign currency, the Portfolio will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Portfolio calculates its net asset value, the Portfolio values these securities as determined in accordance with procedures approved by the Portfolio's Board of Trustees (the "Board").

Pursuant to policies adopted by the Board, the Portfolio's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Portfolio's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Portfolio's pricing policies, and reporting to the Portfolio's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Portfolio, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Portfolio uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other

------

ClearBridge Variable Mid Cap Portfolio 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited) (cont'd)

relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Portfolio's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Portfolio's assets carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | &nbsp;&nbsp; $29148721 | &nbsp;&nbsp; $3735228 | &nbsp;&nbsp; — | &nbsp;&nbsp; $32883949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Common Stocks | &nbsp;&nbsp; 200965350 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 200965350 |
| Total Long-Term Investments | &nbsp;&nbsp; 230114071 | &nbsp;&nbsp; 3735228 | &nbsp;&nbsp; — | &nbsp;&nbsp; 233849299 |
| Short-Term Investments† | &nbsp;&nbsp; 598330 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 598330 |
| **Total Investments** | &nbsp;&nbsp; **$230712401** | &nbsp;&nbsp; **$3735228** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$234447629** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations.

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Portfolio owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Portfolio. The following company was considered an affiliated company for all or some portion of the period ended March 31, 2026. The following transactions were effected in such company for the period ended March 31, 2026. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2025 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2025 | Cost | Shares | Proceeds | Shares |
| Western Asset Premier <br> Institutional U.S. <br> Treasury Reserves, <br> Premium Shares<br>| $6728924 | $6474849 | 6474849 | $12904608 | 12904608 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>March 31, <br>2026<br>|
| Western Asset Premier <br> Institutional U.S. Treasury <br> Reserves, Premium Shares<br>|  | $38832 |  | $299165 |

---

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ClearBridge Variable Mid Cap Portfolio 2026 Quarterly Report

------

## 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:** One Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

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

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

- **a. Name of Series:** ClearBridge Variable Mid Cap Portfolio

- **b. EDGAR series identifier (if any):** S000016937

- **c. LEI of Series:** 549300V25RD6Q1KR3694

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $242081226.05

**Total Liabilities:** $1606462.06

**Net Assets:** $240474763.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000047122 | 2.38%                | 2.66%                | -7.45%               |
| Class ID C000047121 | 2.35%                | 2.67%                | -7.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4224380.43              | $1985358.95                                |
| Month 2  | $840888.23               | $6230592.83                                |
| Month 3  | $3133886.02              | $-23409759.22                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Valvoline Inc                           | Valvoline Inc COM                                      | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     81900 | NS      | $2758392.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                     | Houlihan Lokey Inc. CL A                               | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     27200 | NS      | $3906464.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                     | Insulet Corporation COM                                | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      8600 | NS      | $1804624.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                         | EQT Corporation COM                                    | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    125600 | NS      | $7993184.00   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Legg Mason Partners Institutional Trust | Legg Mason Partners Institutional Trust US TRASURY PRM | CUSIP: 52470G478<br>LEI: 549300FS1J68EF5THY28 | Long             | STIV             | RF                | US        |    973901 | NS      | $973901.23    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                 | Arch Capital Group Ltd. COM USD0.01                    | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     47200 | NS      | $4530728.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                     | UMB Financial Corp. COM                                | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     22500 | NS      | $2537775.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.             | Casey'S General Stores Inc. COM                        | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     11900 | NS      | $8661534.00   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                | Resideo Technologies Inc COM                           | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    113200 | NS      | $3815972.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                    | Baker Hughes Company CL A                              | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83900 | NS      | $5122095.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                          | API Group Corp COM STK                                 | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    192400 | NS      | $7796048.00   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                     | Axon Enterprise Inc COM                                | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      2100 | NS      | $891849.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                               | Chewy Inc CL A                                         | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |    182400 | NS      | $4924800.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation               | Regal Rexnord Corporation COM                          | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     30800 | NS      | $5767608.00   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc.           | Somnigroup International Inc. COM                      | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     16000 | NS      | $1182720.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                      | Vertiv Holdings Co COM CL A                            | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     23100 | NS      | $5788398.00   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc               | Teledyne Technologies Inc COM                          | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |     13000 | NS      | $7865130.00   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                     | Fifth Third Bancorp COM                                | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     55000 | NS      | $2555300.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                  | Diamondback Energy Inc COM                             | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     11200 | NS      | $2215248.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                         | PPL Corporation COM                                    | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     75000 | NS      | $2865000.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                            | NNN REIT Inc COM                                       | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |    112400 | NS      | $4724172.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                | SBA Communications Corp. CL A                          | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     14200 | NS      | $2443962.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                      | DTE ENERGY CO                                          | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     50000 | NS      | $7311000.00   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Incorporated            | Bentley Systems Incorporated COM CL B                  | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     52400 | NS      | $1840288.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                              | Carvana Co CL A                                        | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      5200 | NS      | $1634776.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                         | Bio-Techne Corp COM                                    | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     83000 | NS      | $4337580.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                               | Argenx SE SPONSORED ADR                                | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      3100 | NS      | $2263775.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated         | Jones Lang LaSalle Incorporated COM                    | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     12500 | NS      | $3804000.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.           | Monolithic Power Systems Inc. COM                      | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1100 | NS      | $1202685.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HARTFORD FINANCIAL SERVICES GROUP INC   | HARTFORD FINANCIAL SERVICES GR                         | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     37600 | NS      | $5084648.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                 | XPO Inc COM                                            | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     12300 | NS      | $2392965.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                 | International Paper Co. COM                            | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    128000 | NS      | $4569600.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                          | Applovin Corp. COM CL A                                | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      8900 | NS      | $3542200.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries, Inc.                 | Mohawk Industries, Inc. COM                            | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     37400 | NS      | $3682404.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                            | Doximity Inc CL A                                      | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60000 | NS      | $1398000.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                             | Vistra Corp COM                                        | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     42700 | NS      | $6419091.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| VIKING HOLDINGS LTD                     | Viking Holdings Ltd. ORD SHS                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     26900 | NS      | $1976612.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Trust I                       | JP Morgan Trust I 100%UST MM INS                       | CUSIP: 4812A2835<br>LEI: 549300DM5WZMCZZ70R78 | Long             | STIV             | RF                | US        |    973901 | NS      | $973901.23    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                     | Churchill Downs Inc COM                                | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |     53500 | NS      | $4805905.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc.                             | Rubrik Inc. CL A                                       | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |     60100 | NS      | $2943097.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                      | Crown Holdings Inc COM                                 | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     59000 | NS      | $5914750.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co.              | Performance Food Group Co. COM                         | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     69400 | NS      | $5944804.00   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems, Inc.             | Casella Waste Systems, Inc. CL A                       | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     59200 | NS      | $4696928.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corporation International       | Service Corporation International COM                  | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     39400 | NS      | $3250894.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corporation           | WillScot Holdings Corporation COM CL A                 | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    222000 | NS      | $3853920.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                        | Leonardo DRS Inc COM                                   | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |     33400 | NS      | $1486968.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                | Ferguson Enterprises Inc COMMON STOCK NEW              | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     20800 | NS      | $4851808.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc           | Hilton Worldwide Holdings Inc COM                      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      6500 | NS      | $1976520.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Light & Wonder Inc                      | Light & Wonder Inc CDI 1:1 FOREIGN EXEMPT XNGS         | CUSIP: 000000000<br>LEI: 529900JXALYBOHXKFM62 | Long             | EC               | CORP              | US        |     44500 | NS      | $3735228.22   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| QXO Inc                                 | QXO Inc COM NEW                                        | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67800 | NS      | $1316676.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CAE Inc                                 | CAE Inc COM                                            | CUSIP: 124765108<br>LEI: 549300FFM2BEH2GF1E44 | Long             | EC               | CORP              | CA        |    152400 | NS      | $3970020.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.       | PNC Financial Services Group Inc. COM                  | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     18700 | NS      | $3891283.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated       | Microchip Technology Incorporated COM                  | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     69100 | NS      | $4464551.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES INC                         | ROSS STORES INC                                        | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     17200 | NS      | $3726036.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                    | United Rentals, Inc. COM                               | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      5600 | NS      | $4079936.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation            | Tenet Healthcare Corporation COM NEW                   | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     25200 | NS      | $4755492.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment, Inc.         | Live Nation Entertainment, Inc. COM                    | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     32300 | NS      | $4926073.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                   | Robinhood Markets Inc COM CL A                         | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     17200 | NS      | $1191960.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                     | Clean Harbors, Inc. COM                                | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     24100 | NS      | $6910193.00   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.            | Raymond James Financial Inc. COM                       | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     35000 | NS      | $5067650.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                              | Steris PLC ORD USD0.001                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     26600 | NS      | $5882058.00   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                            | Archrock Inc COM                                       | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     89900 | NS      | $3128520.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GPGI INC                                | GPGI Inc. COM CL A                                     | CUSIP: 20459V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91351 | NS      | $1562102.10   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer