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Livermore
Livermore
ZHEN

Putnam Investments LLC

SEC CIK
0001421578
Latest filing
Feb 14, 2024

The latest 13F from Putnam Investments LLC covers Q4 2023 (filed Feb 14, 2024): 1,150 long positions worth $75.7B. The top 10 holdings make up 25.5% of the portfolio, and the largest is Microsoft Corp (MSFT) at 6.7%. Livermore has 12 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2023

Share counts compared with Q3 2023: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
131
Est. +$421.6M
Added
417
Est. +$5.75B
Reduced
567
Est. −$3.68B
Sold out
116
Est. −$462.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    6.7%$5.04BHistory
  2. AAPLApple Inc.
    4.3%$3.24BHistory
  3. AMZNAmazon Com Inc
    2.6%$1.95BHistory
  4. NVDANVIDIA Corp
    2.3%$1.75BHistory
  5. XOMExxonMobil Holdings Corp
    1.8%$1.33BHistory

Share of portfolio

Top 5 holdings and the other 1,145 positions, by share of portfolio value

  1. MSFT6.7%
  2. AAPL4.3%
  3. AMZN2.6%
  4. NVDA2.3%
  5. XOM1.8%
  6. Other 1,145 positions82.4%

Biggest buys

New and added positions, by estimated amount bought

  1. CRHCRH Public Ltd Co
    +$455.6MAddedHistory
  2. BSXBoston Scientific Corp
    +$396.5MAddedHistory
  3. HUMHumana Inc
    +$339.2MAddedHistory
  4. TMUST-Mobile US, Inc.
    +$269.8MAddedHistory
  5. TMOThermo Fisher Scientific Inc.
    +$202.5MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. CRHCRH Public Ltd Co
    +0.60 pp<0.1% → 0.6%History
  2. BSXBoston Scientific Corp
    +0.50 pp0.5% → 1.0%History
  3. HUMHumana Inc
    +0.43 pp0.1% → 0.5%History
  4. MSFTMicrosoft Corp
    +0.40 pp6.3% → 6.7%History
  5. TMUST-Mobile US, Inc.
    +0.35 pp0.5% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. METAMeta Platforms, Inc.
    −$479.0MReducedHistory
  2. ABTAbbott Laboratories
    −$408.7MReducedHistory
  3. ELVElevance Health, Inc.
    −$394.7MReducedHistory
  4. DHRDanaher Corp
    −$303.7MReducedHistory
  5. INTUIntuit Inc.
    −$255.8MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. DHRDanaher Corp
    −0.60 pp1.0% → 0.4%History
  2. METAMeta Platforms, Inc.
    −0.59 pp2.0% → 1.4%History
  3. ELVElevance Health, Inc.
    −0.56 pp0.6% → 0.1%History
  4. ABTAbbott Laboratories
    −0.55 pp0.6% → 0.1%History
  5. INTUIntuit Inc.
    −0.32 pp0.3% → <0.1%History

Metrics

13F metrics for Q4 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$75.7B
+$9.96B (+15.1%) vs. prior quarter
Positions
1,150
+15 vs. prior quarter
Top 10 concentration
25.5%
Top 10 as share of value
Turnover
5.8%
Q4 2023, one quarter
Average holding period
11.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

12 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $75.7B (Q4 2023)

Q1 2021: $60.0BQ2 2021: $64.3BQ3 2021: $64.5BQ4 2021: $70.1BQ1 2022: $66.1BQ2 2022: $55.8BQ3 2022: $52.6BQ4 2022: $57.3BQ1 2023: $62.4BQ2 2023: $67.9BQ3 2023: $65.8BQ4 2023: $75.7B
Q1 2021Q4 2023
13F filings of Putnam Investments LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023Feb 14, 20241,150$75.7BMSFTAAPLAMZNvs. Q3 2023SEC
Q3 2023Nov 14, 20231,135$65.8BMSFTAAPLNVDAvs. Q2 2023SEC
Q2 2023Aug 14, 20231,136$67.9BMSFTAAPLNVDAvs. Q1 2023SEC
Q1 2023May 22, 20231,134$62.4BMSFTAAPLMETAvs. Q4 2022SEC
Q4 2022Feb 14, 20231,134$57.3BMSFTAAPLWMTvs. Q3 2022SEC
Q3 2022Nov 14, 20221,139$52.6BMSFTAAPLAMZNvs. Q2 2022SEC
Q2 2022Aug 15, 20221,119$55.8BMSFTAAPLAMZNvs. Q1 2022SEC
Q1 2022May 16, 20221,167$66.1BMSFTAAPLAMZNvs. Q4 2021SEC
Q4 2021Feb 14, 20221,160$70.1BMSFTAAPLAMZNvs. Q3 2021SEC
Q3 2021Nov 15, 2021780$64.5BMSFTAAPLAMZNvs. Q2 2021SEC
Q2 2021Aug 16, 2021773$64.3BMSFTAAPLAMZNvs. Q1 2021SEC
Q1 2021May 17, 2021763$60.0BMSFTAAPLAMZN–SEC

13D and 13G filings

Companies where Putnam Investments LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Putnam Investments LLC does not currently report owning 5% or more of any company.

Latest filings

32 filings on file made by Putnam Investments LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Putnam Investments LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
VNOVornado Realty TrustFeb 14, 202413G/AOld format–––SEC
NRGNRG Energy, Inc.Feb 14, 202413G/AOld format–––SEC
INVAInnoviva, Inc.Feb 14, 202413G/AOld format–––SEC
AGOAssured Guaranty LtdFeb 14, 202413G/AOld format–––SEC
FFNTF4Front Ventures Corp.Feb 14, 202413G/AOld format–––SEC
PHMPultegroup IncFeb 14, 202413GOld format–New–SEC
Sarissa Capital Acquisition Corp.Feb 14, 202313G/AOld format–––SEC
NRGNRG Energy, Inc.Feb 14, 202313G/AOld format–––SEC
AGOAssured Guaranty LtdFeb 14, 202313G/AOld format–––SEC
FFNTF4Front Ventures Corp.Feb 14, 202313G/AOld format–––SEC
VNOVornado Realty TrustFeb 14, 202313GOld format–New–SEC
INVAInnoviva, Inc.Feb 14, 202313GOld format–New–SEC
AAMCAltisource Asset Management CorpAug 10, 202213G/AOld format–––SEC
FFNTF4Front Ventures Corp.Feb 14, 202213GOld format–––SEC
VINCVincerx Pharma, Inc.Feb 14, 202213G/AOld format–––SEC
TLNDTalend S.A.Feb 14, 202213G/AOld format–––SEC
Sarissa Capital Acquisition Corp.Feb 14, 202213G/AOld format–––SEC
NRGNRG Energy, Inc.Feb 14, 202213G/AOld format–––SEC
LEVILevi Strauss & CoFeb 14, 202213G/AOld format–––SEC
AGOAssured Guaranty LtdFeb 14, 202213G/AOld format–––SEC