# PUTNAM INVESTMENTS LLC

> Institutional holdings reported to the SEC as of Q4 2023 on Form 13F. CIK 1421578. Source: https://holderbook.com/funds/1421578-putnam-investments-llc/

- Reported value: $75.7B
- Positions: 1,150
- Weight of the ten largest: 25.5%
- Filed: 2024-02-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.0B | 13,409,318 | 6.7% | 21 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.2B | 16,850,691 | 4.3% | 21 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.9B | 12,809,081 | 2.6% | 21 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.7B | 3,527,002 | 2.3% | 21 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.3B | 13,301,039 | 1.8% | 21 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.3B | 12,339,385 | 1.7% | 21 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.2B | 7,835,757 | 1.6% | 21 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.2B | 35,462,712 | 1.6% | 21 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.2B | 8,205,479 | 1.5% | 21 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $1.1B | 11,008,695 | 1.5% | 21 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $1.1B | 1,210,735 | 1.4% | 21 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.0B | 2,937,566 | 1.4% | 21 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $935.0M | 1,775,918 | 1.2% | 21 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $925.0M | 1,997,963 | 1.2% | 21 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $921.9M | 8,456,365 | 1.2% | 21 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $917.1M | 6,340,667 | 1.2% | 21 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $914.4M | 17,775,952 | 1.2% | 21 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $912.6M | 1,719,355 | 1.2% | 21 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $884.8M | 2,293,691 | 1.2% | 21 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $880.4M | 1,510,259 | 1.2% | 21 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $842.0M | 12,237,705 | 1.1% | 21 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $791.0M | 1,379,417 | 1.0% | 19 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $772.9M | 14,950,531 | 1.0% | 21 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $755.4M | 13,067,570 | 1.0% | 21 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $732.0M | 2,893,781 | 1.0% | 21 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $730.4M | 9,443,792 | 1.0% | 10 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $726.9M | 20,237,820 | 1.0% | 21 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $709.1M | 12,032,095 | 0.9% | 21 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $708.7M | 16,647,339 | 0.9% | 21 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $705.6M | 6,079,041 | 0.9% | 21 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $696.7M | 3,826,023 | 0.9% | 21 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $674.1M | 2,251,048 | 0.9% | 21 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $671.9M | 4,584,974 | 0.9% | 21 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $669.5M | 5,727,535 | 0.9% | 8 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $663.7M | 1,556,212 | 0.9% | 21 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $657.3M | 588,836 | 0.9% | 21 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $631.6M | 3,939,221 | 0.8% | 21 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $628.5M | 1,053,424 | 0.8% | 21 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $619.0M | 3,638,999 | 0.8% | 21 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $618.4M | 2,375,085 | 0.8% | 21 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $575.6M | 2,666,350 | 0.8% | 21 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $568.7M | 3,672,339 | 0.8% | 21 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $558.6M | 8,245,693 | 0.7% | 21 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $553.5M | 5,939,220 | 0.7% | 8 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $541.4M | 1,156,477 | 0.7% | 21 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $538.6M | 2,046,880 | 0.7% | 21 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $538.2M | 3,650,991 | 0.7% | 20 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $520.6M | 7,729,834 | 0.7% | 21 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $519.3M | 3,350,980 | 0.7% | 21 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $510.9M | 537,731 | 0.7% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $498.2M | 2,004,992 | 0.7% | 16 |
| PUTNAM ETF TRUST | [PCRB](https://holderbook.com/stocks/PCRB/) | $486.3M | 9,880,657 | 0.6% | 4 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $479.3M | 1,233,243 | 0.6% | 21 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $469.4M | 9,511,521 | 0.6% | 21 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $469.0M | 6,781,697 | 0.6% | 2 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $448.0M | 3,445,821 | 0.6% | 21 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $441.0M | 2,102,869 | 0.6% | 21 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $428.9M | 8,950,382 | 0.6% | 13 |
| PUTNAM ETF TRUST | [PLDR](https://holderbook.com/stocks/PLDR/) | $419.2M | 15,468,341 | 0.6% | 11 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $415.0M | 4,932,587 | 0.5% | 15 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $400.8M | 875,489 | 0.5% | 21 |
| DUPONT DE NEMOURS INC | [DD](https://holderbook.com/stocks/DD/) | $399.8M | 5,196,730 | 0.5% | 19 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $397.8M | 2,659,974 | 0.5% | 10 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $394.3M | 6,841,560 | 0.5% | 21 |
| EASTMAN CHEM CO | [EMN](https://holderbook.com/stocks/EMN/) | $391.2M | 4,355,408 | 0.5% | 18 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $388.9M | 1,122,263 | 0.5% | 21 |
| ASSURED GUARANTY LTD | [AGO](https://holderbook.com/stocks/AGO/) | $386.1M | 5,159,243 | 0.5% | 21 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $383.7M | 2,694,354 | 0.5% | 21 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $380.1M | 13,161,598 | 0.5% | 21 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $369.8M | 5,112,645 | 0.5% | 21 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $360.0M | 1,321,877 | 0.5% | 21 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $359.3M | 1,564,236 | 0.5% | 21 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $354.9M | 537,646 | 0.5% | 21 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $348.6M | 9,711,396 | 0.5% | 21 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $347.2M | 2,647,696 | 0.5% | 21 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $346.2M | 1,026,264 | 0.5% | 21 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $334.5M | 5,815,825 | 0.4% | 21 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $334.4M | 146,215 | 0.4% | 21 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $334.1M | 1,444,326 | 0.4% | 21 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $330.3M | 641,556 | 0.4% | 21 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $303.7M | 9,114,077 | 0.4% | 21 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $303.2M | 4,923,825 | 0.4% | 12 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $302.0M | 6,887,558 | 0.4% | 21 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $297.2M | 83,798 | 0.4% | 21 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $287.1M | 7,115,902 | 0.4% | 21 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $283.5M | 554,492 | 0.4% | 20 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $283.3M | 960,752 | 0.4% | 15 |
| VORNADO RLTY TR | [VNO](https://holderbook.com/stocks/VNO/) | $281.9M | 9,978,649 | 0.4% | 17 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $275.5M | 2,220,074 | 0.4% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $255.7M | 1,830,246 | 0.3% | 21 |
| VONTIER CORPORATION | [VNT](https://holderbook.com/stocks/VNT/) | $246.3M | 7,129,037 | 0.3% | 13 |
| BJS WHSL CLUB HLDGS INC | [BJ](https://holderbook.com/stocks/BJ/) | $243.2M | 3,647,981 | 0.3% | 21 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $233.1M | 412,035 | 0.3% | 21 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $231.2M | 10,737,376 | 0.3% | 3 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $215.6M | 2,409,345 | 0.3% | 15 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $207.7M | 426,612 | 0.3% | 21 |
| PUTNAM ETF TRUST | [PFUT](https://holderbook.com/stocks/PFUT/) | $204.1M | 9,360,824 | 0.3% | 11 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $203.1M | 1,360,799 | 0.3% | 21 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $197.6M | 481,230 | 0.3% | 4 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $195.8M | 2,476,504 | 0.3% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2023 | +12.2% | +11.2% | +1.0% | 97% |
| Q3 2023 | -3.0% | -3.6% | +0.6% | 97% |
| Q2 2023 | +8.8% | +8.3% | +0.5% | 97% |
| Q1 2023 | +5.4% | +7.0% | -1.7% | 99% |
| Q4 2022 | +8.0% | +7.1% | +1.0% | 99% |
| Q3 2022 | -3.8% | -5.3% | +1.5% | 99% |
| Q2 2022 | -16.3% | -16.5% | +0.1% | 99% |
| Q1 2022 | -5.4% | -4.9% | -0.5% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2023 | $75.7B | 1,150 |
| Q3 2023 | $65.8B | 1,135 |
| Q2 2023 | $67.9B | 1,136 |
| Q1 2023 | $62.4B | 1,134 |
| Q4 2022 | $57.3B | 1,133 |
| Q3 2022 | $52.6B | 1,139 |
| Q2 2022 | $55.8B | 1,119 |
| Q1 2022 | $66.1B | 1,167 |
| Q4 2021 | $70.1B | 1,160 |
| Q3 2021 | $64.5B | 780 |
| Q2 2021 | $64.3B | 773 |
| Q1 2021 | $60.0B | 763 |