PUTNAM INVESTMENTS LLC

CIK

1421578

Location

BOSTON, MA

Portfolio Value

Large $65,332,972,597

Diversification

Diversified

Filing Date

Global Rank

#77 / 7,322 ▲ 1 · as of Dec 2023

Top Industry

Software - Infrastructure 10.6%

3Y Alpha vs SPY

-3.0%

Period ended 2 years ago

Filed Feb 14, 2024 · 2y

16 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+63.7%

SPY

+76.5%

Annualised alpha

-3.0%

Max drawdown

−18.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

952 positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023

Top Position

7.7%

+0.3 pts

Top 5

19.5%

−0.4 pts

Top 10

27.3%

−0.7 pts

HHI

166

Diversified+2

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Technology	24.6%	$16,049,360,818	130
Healthcare	16.1%	$10,486,148,955	141
Financial Services	14.8%	$9,658,859,100	160
Consumer Cyclical	10.5%	$6,870,859,313	110
Industrials	9.5%	$6,204,243,481	149
Consumer Defensive	6.1%	$3,965,705,269	48
Basic Materials	5.3%	$3,481,469,769	48
Communication Services	4.7%	$3,077,552,324	26
Utilities	3.6%	$2,355,570,307	30
Real Estate	2.8%	$1,830,285,278	66
Energy	2.0%	$1,329,021,154	40
Unclassified	0.0%	$23,896,829	4

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BSX	Boston Scientific Corp	+6,859,280	13,067,570	$755,436,221
CRH	Crh Public Ltd Co	+6,587,066	6,781,697	$469,022,163
KO	Coca Cola Co	+2,973,234	12,032,095	$709,051,358
UBER	Uber Technologies, Inc	+2,960,840	4,923,825	$303,159,904
GM	General Motors Co	+2,905,689	20,237,820	$726,942,494
TMUS	T-Mobile US, Inc.	+1,682,743	3,939,221	$631,575,302
BALL	BALL Corp	+1,645,909	5,815,825	$334,526,253
C	Citigroup Inc	+1,300,520	17,775,952	$914,394,969
LUV	Southwest Airlines Co	+1,044,292	13,161,598	$380,106,949
CTVA	Corteva, Inc.	+1,021,733	8,950,382	$428,902,305
FDX	Fedex Corp	+798,084	2,893,781	$589,879,025
AMZN	Amazon Com Inc	+747,843	12,809,081	$1,946,211,767
HUM	Humana Inc	+740,858	875,489	$400,807,618
ORCL	Oracle Corp	+697,961	12,339,385	$1,300,941,359
IR	Ingersoll Rand Inc.	+696,610	9,443,792	$730,382,872
BNY	Bank of New York Mellon Corp	+692,910	1,001,056	$52,104,964
BAC	Bank Of America Corp /De/	+631,149	35,462,712	$1,194,029,512
FCX	Freeport-Mcmoran Inc	+595,395	16,647,339	$708,677,221
TT	Trane Technologies plc	+570,679	572,730	$139,688,846
SCHW	Schwab Charles Corp	+560,110	12,237,705	$841,954,104
T	At&T Inc.	+531,379	1,991,231	$33,412,855
PCG	PG&E Corp	+459,992	3,299,422	$59,488,578
AMD	Advanced Micro Devices Inc	+448,271	3,650,991	$538,192,582
BA	Boeing Co	+411,630	428,159	$111,603,924
OTIS	Otis Worldwide Corp	+403,215	2,409,345	$215,564,096
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ABT	Abbott Laboratories	−3,712,934	478,343	$52,651,213
JCI	Johnson Controls International plc	−2,007,957	6,841,560	$394,347,517
META	Meta Platforms, Inc.	−1,353,323	2,937,566	$1,039,780,861
DHR	Danaher Corp /De/	−1,312,605	1,444,326	$334,130,376
ELV	Elevance Health, Inc.	−837,076	82,984	$39,131,934
ACCO	ACCO BRANDS Corp	−569,193	70,743	$430,116
CSX	Csx Corp	−527,962	114,028	$3,953,349
EBAY	Ebay Inc	−499,468	148,322	$6,469,805
AMAT	Applied Materials Inc /De	−463,674	1,031,350	$167,150,893
PM	Philip Morris International Inc.	−417,739	114,277	$10,751,179
INTU	Intuit Inc.	−409,241	30,555	$19,097,790
KVUE	Kenvue Inc.	−395,279	10,737,376	$231,175,705
MO	Altria Group, Inc.	−307,915	7,115,902	$287,055,486
NEE	Nextera Energy Inc	−292,974	410,664	$24,943,730
WSC	WillScot Holdings Corp	−284,798	398,172	$17,718,654
MMYT	MakeMyTrip Ltd	−280,659	433,648	$20,372,782
DXCM	Dexcom Inc	−259,028	2,220,074	$275,488,981
KKR	KKR & Co. Inc.	−252,916	1,289,548	$106,839,051
CMCSA	Comcast Corp	−246,633	6,887,558	$283,054,526
ACN	Accenture plc	−236,011	2,708	$950,264
PFE	Pfizer Inc	−226,089	491,568	$14,152,242
HD	Home Depot, Inc.	−224,604	1,122,263	$388,920,242
IBN	Icici Bank Ltd	−224,055	1,832,422	$43,684,940
IRDM	Iridium Communications Inc.	−215,805	103,768	$4,271,090
CRM	Salesforce, Inc.	−204,926	2,046,880	$538,616,003
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
VLTO	Veralto Corp	502,115	$41,303,979
RPRX	Royalty Pharma plc	1,105,967	$31,066,613
LBTYA	Liberty Global Ltd.	2,142,154	$19,611,634
DUOL	Duolingo, Inc.	71,152	$16,140,830
PSN	Parsons Corp	228,743	$14,344,473
CNMD	CONMED Corp	124,187	$13,599,717
KEY	Keycorp /New/	863,280	$12,431,232
INSM	INSMED Inc	387,674	$12,014,016
DRS	Leonardo DRS, Inc.	481,991	$9,659,099
FORM	Formfactor Inc	219,259	$9,145,292
KNF	Knife River Corp	136,929	$9,061,960
SPT	Sprout Social, Inc.	132,627	$8,148,601
NYT	New York Times Co	156,240	$7,654,197
EAT	Brinker International, Inc	161,129	$6,957,550
PK	Park Hotels & Resorts Inc.	418,083	$6,396,669
HR	Healthcare Realty Trust Inc	234,364	$4,038,091
LPLA	LPL Financial Holdings Inc.	17,228	$3,921,437
PWP	Perella Weinberg Partners	318,237	$3,892,038
AXS	Axis Capital Holdings Ltd	68,759	$3,807,185
AOS	Smith A O Corp	44,747	$3,688,942
DORM	Dorman Products, Inc.	43,412	$3,620,994
TXG	10x Genomics, Inc.	63,589	$3,558,439
GNTX	Gentex Corp	106,766	$3,486,977
MNST	Monster Beverage Corp	59,723	$3,440,641
SYY	Sysco Corp	46,193	$3,378,093
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AES	Aes Corp	3,935,283	$59,816,301
CDW	CDW Corp	131,582	$26,547,983
KBR	Kbr, Inc.	286,883	$16,908,884
CMS	Cms Energy Corp	288,141	$15,303,168
DDOG	Datadog, Inc.	137,183	$12,495,999
PRGS	Progress Software Corp /Ma	197,577	$10,388,597
MGA	Magna International Inc	192,285	$10,308,398
SE	Sea Ltd	158,173	$6,951,703
FLYW	Flywire Corp	191,017	$6,091,531
ONT	Onterris, Inc.	184,570	$5,400,517
FOXF	Fox Factory Holding Corp	48,297	$4,785,266
TMDX	TransMedics Group, Inc.	87,230	$4,775,842
J	Jacobs Solutions Inc.	39,683	$4,480,448
BMBL	Bumble Inc.	294,184	$4,389,225
OGS	ONE Gas, Inc.	54,514	$3,722,215
GTLB	Gitlab Inc.	74,494	$3,368,618
XRAY	DENTSPLY SIRONA Inc.	93,249	$3,185,385
RNR	Renaissancere Holdings Ltd	15,684	$3,104,176
APA	APA Corp	74,161	$3,048,016
AFG	American Financial Group Inc	27,018	$3,017,099
EW	Edwards Lifesciences Corp	42,238	$2,926,248
XYL	Xylem Inc.	32,043	$2,916,873
VMI	Valmont Industries Inc	12,070	$2,899,334
ESI	Element Solutions Inc	145,700	$2,857,176
CPT	Camden Property Trust	30,014	$2,838,723
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

952 positions · $65,332,972,597 total · as of Dec 31, 2023

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 952 positions by value · page 1 of 20

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Added	13,409,318	+363,398	$5,042,439,939	+22.4%	7.72%
AAPL	Apple Inc. Technology	Reduced	16,850,691	-150,498	$3,244,263,537	+11.5%	4.97%
AMZN	Amazon Com Inc Consumer Cyclical	Added	12,809,081	+747,843	$1,946,211,767	+26.9%	2.98%
ORCL	Oracle Corp Technology	Added	12,339,385	+697,961	$1,300,941,359	+5.5%	1.99%
BAC	Bank Of America Corp /De/ Financial Services	Added	35,462,712	+631,149	$1,194,029,512	+25.2%	1.83%
PHM	Pultegroup Inc/Mi/ Consumer Cyclical	Added	11,008,695	+197,656	$1,136,317,497	+41.9%	1.74%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Added	1,210,735	+24,329	$1,063,376,442	+8.9%	1.63%
META	Meta Platforms, Inc. Communication Services	Reduced	2,937,566	-1,353,323	$1,039,780,861	−19.3%	1.59%
UNH	Unitedhealth Group Inc Healthcare	Added	1,775,918	+66,180	$934,967,548	+8.5%	1.43%
MCK	Mckesson Corp Healthcare	Added	1,997,963	+62,242	$925,016,909	+9.9%	1.42%
MRK	Merck & Co., Inc. Healthcare	Added	8,456,365	+328,347	$921,912,911	+10.2%	1.41%
QCOM	Qualcomm Inc/De Technology	Added	6,340,667	+263,482	$917,050,667	+35.9%	1.40%
C	Citigroup Inc Financial Services	Added	17,775,952	+1,300,520	$914,394,969	+34.9%	1.40%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	1,719,355	+381,542	$912,616,439	+34.8%	1.40%
GS	Goldman Sachs Group Inc Financial Services	Added	2,293,691	+81,168	$884,837,176	+23.6%	1.35%
LLY	ELI LILLY & Co Healthcare	Reduced	1,510,259	-118,702	$880,360,175	+0.6%	1.35%
SCHW	Schwab Charles Corp Financial Services	Added	12,237,705	+560,110	$841,954,104	+31.3%	1.29%
URI	United Rentals, Inc. Industrials	Reduced	1,379,417	-10,610	$790,985,296	+28.0%	1.21%
NRG	Nrg Energy, Inc. Utilities	Added	14,950,531	+215,023	$772,942,452	+36.2%	1.18%
BSX	Boston Scientific Corp Healthcare	Added	13,067,570	+6,859,280	$755,436,221	+130.5%	1.16%
IR	Ingersoll Rand Inc. Industrials	Added	9,443,792	+696,610	$730,382,872	+31.0%	1.12%
GM	General Motors Co Consumer Cyclical	Added	20,237,820	+2,905,689	$726,942,494	+27.2%	1.11%
KO	Coca Cola Co Consumer Defensive	Added	12,032,095	+2,973,234	$709,051,358	+39.8%	1.09%
FCX	Freeport-Mcmoran Inc Basic Materials	Added	16,647,339	+595,395	$708,677,221	+18.4%	1.08%
COP	Conocophillips Energy	Added	6,079,041	+211,257	$705,594,288	+0.4%	1.08%
HLT	Hilton Worldwide Holdings Inc. Consumer Cyclical	Added	3,826,023	+216,219	$696,680,527	+28.5%	1.07%
CI	Cigna Group Healthcare	Reduced	2,251,048	-27,974	$674,076,323	+3.4%	1.03%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	4,584,974	+110,005	$671,882,089	+2.9%	1.03%
CEG	Constellation Energy Corp Utilities	Reduced	5,727,535	-113,372	$669,491,566	+5.1%	1.02%
MA	Mastercard Inc Financial Services	Added	1,556,212	+112,085	$663,739,979	+16.1%	1.02%
TMUS	T-Mobile US, Inc. Communication Services	Added	3,939,221	+1,682,743	$631,575,302	+99.9%	0.97%
ADBE	Adobe Inc. Technology	Added	1,053,424	+307,479	$628,472,758	+65.2%	0.96%
JPM	Jpmorgan Chase & Co Financial Services	Added	3,638,999	+69,723	$618,993,729	+19.6%	0.95%
V	Visa Inc. Financial Services	Added	2,375,085	+47,487	$618,353,379	+15.5%	0.95%
FDX	Fedex Corp Industrials	Added	2,893,781	+798,084	$589,879,025	+31.9%	0.90%
AMT	American Tower Corp /Ma/ Real Estate	Added	2,666,350	+107,585	$575,611,637	+36.8%	0.88%
PNC	Pnc Financial Services Group, Inc. Financial Services	Added	3,672,339	+114,960	$568,661,693	+30.2%	0.87%
AIG	American International Group, Inc. Financial Services	Added	8,245,693	+300,712	$558,645,700	+16.0%	0.86%
APO	Apollo Global Management, Inc. Financial Services	Added	5,939,220	+164,400	$553,475,910	+6.8%	0.85%
NOC	Northrop Grumman Corp /De/ Industrials	Added	1,156,477	+28,934	$541,393,141	+9.1%	0.83%
CRM	Salesforce, Inc. Technology	Reduced	2,046,880	-204,926	$538,616,003	+18.0%	0.82%
AMD	Advanced Micro Devices Inc Technology	Added	3,650,991	+448,271	$538,192,582	+63.4%	0.82%
ABBV	AbbVie Inc. Healthcare	Added	3,350,980	+178,111	$519,301,370	+9.8%	0.79%
DD	DuPont de Nemours, Inc. Basic Materials	Added	5,196,730	+159,438	$501,821,711	+6.4%	0.77%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	2,004,992	-100,406	$498,200,411	−5.4%	0.76%
CHTR	Charter Communications, Inc. /Mo/ Communication Services	Added	1,233,243	+242,448	$479,336,888	+10.0%	0.73%
GLPI	Gaming & Leisure Properties, Inc. Real Estate	Added	9,511,521	+282,828	$469,393,561	+11.7%	0.72%
CRH	Crh Public Ltd Co Basic Materials	Added	6,781,697	+6,587,066	$469,022,163	+4303.1%	0.72%
VLO	Valero Energy Corp/Tx Energy	Added	3,445,821	+122,207	$447,956,730	−4.9%	0.69%
HON	Honeywell International Inc Industrials	Reduced	2,102,869	-3,756	$435,908,550	+13.3%	0.67%