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PUTNAM INVESTMENTS LLC Buys 1, Sells 4 in 1st Quarter

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May 18, 2022
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PUTNAM INVESTMENTS LLC recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

Putnam Investments is a private investment management company that was founded in 1937 by George Putnam. The company established one of the first balanced mutual funds, the George Putnam Fund of Boston, now called the George Putnam Balanced Fund, which would grow to hit its $100 million milestone by 1954. Putnam’s son, George Putnam Jr., would take over the company in 1961. The company would grow steadily and begin global expansions in the 1980s, establishing its first international offices in London and Tokyo. International expansion would remain one of its focuses, forming an alliance in 1998 with Nissay Asset Management in 1998 in order to provide its products and services to the Japanese Market which would become a long term investment as the alliance becomes extended through 2020. In 2007, Putnam Investments would be acquired by Power Financial, although retaining its autonomous investing and business activities. Putnam Investments can boast over 75 years of investment experience with a total of $161 billion in assets under management. The company now has over 80 mutual funds and 50 institutional strategies that are diversified and spread across a variegated series of asset classes and investment styles. Putnam Investments currently has 205 investment professionals located internationally in offices in Boston, London, Frankfurt, Tokyo, Sydney, Singapore, and Beijing with a total of over 1700 employees. The company operates through distributing services through intermediary subsidiaries such as Putnam Investment Management, offering its services including equity, fixed income, absolute return, and alternative strategies to its focused markets in North America, Europe, and Asia. Some of the notable mutual funds offered in the Putnam family of funds include Capital Spectrum Fund, Diversified Income Trust, Equity Spectrum Fund, Equity Income fund, and Dynamic Asset Allocation Balanced Fund. The current CEO, Robert Reynolds, was previously the vice chairman and COO of Fidelity Investments and currently acts as the CEO of Great-West Financial in addition to his role at Putnam.

As of the latest 13F report, the guru’s equity portfolio contained 1088 stocks valued at a total of $65,552,000,000. The top holdings were MSFT(6.46%), AAPL(4.72%), and AMZN(3.21%).

According to GuruFocus data, these were PUTNAM INVESTMENTS LLC’s top five trades of the quarter.

NVIDIA Corp


PUTNAM INVESTMENTS LLC reduced their investment in NAS:NVDA by 866,627 shares. The trade had a 0.37% impact on the equity portfolio. During the quarter, the stock traded for an average price of $251.13.

On 05/18/2022, NVIDIA Corp traded for a price of $170.14 per share and a market cap of $434,196,087,000. The stock has returned 28.43% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, NVIDIA Corp has a price-earnings ratio of 45.07, a price-book ratio of 16.33, a price-earnings-to-growth (PEG) ratio of 1.40, a EV-to-Ebitda ratio of 37.41 and a price-sales ratio of 16.34.

The price-to-GF Value ratio is 0.69, earning the stock a GF Value rank of 8.

Costco Wholesale Corp


During the quarter, PUTNAM INVESTMENTS LLC bought 390,288 shares of NAS:COST for a total holding of 568,211. The trade had a 0.34% impact on the equity portfolio. During the quarter, the stock traded for an average price of $524.27.

On 05/18/2022, Costco Wholesale Corp traded for a price of $430.515 per share and a market cap of $192,749,380,000. The stock has returned 28.59% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Costco Wholesale Corp has a price-earnings ratio of 35.05, a price-book ratio of 9.93, a price-earnings-to-growth (PEG) ratio of 3.34, a EV-to-Ebitda ratio of 20.21 and a price-sales ratio of 0.93.

The price-to-GF Value ratio is 0.97, earning the stock a GF Value rank of 5.

PayPal Holdings Inc


PUTNAM INVESTMENTS LLC reduced their investment in NAS:PYPL by 1,223,863 shares. The trade had a 0.33% impact on the equity portfolio. During the quarter, the stock traded for an average price of $133.33.

On 05/18/2022, PayPal Holdings Inc traded for a price of $77.25 per share and a market cap of $89,748,095,000. The stock has returned -68.47% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, PayPal Holdings Inc has a price-earnings ratio of 25.60, a price-book ratio of 4.37, a price-earnings-to-growth (PEG) ratio of 1.14, a EV-to-Ebitda ratio of 16.91 and a price-sales ratio of 3.55.

The price-to-GF Value ratio is 0.36, earning the stock a GF Value rank of 2.

Meta Platforms Inc


PUTNAM INVESTMENTS LLC reduced their investment in NAS:FB by 595,695 shares. The trade had a 0.29% impact on the equity portfolio. During the quarter, the stock traded for an average price of $250.52.

On 05/18/2022, Meta Platforms Inc traded for a price of $194.04 per share and a market cap of $531,149,795,000. The stock has returned -35.77% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Meta Platforms Inc has a price-earnings ratio of 15.12, a price-book ratio of 4.41, a price-earnings-to-growth (PEG) ratio of 0.57, a EV-to-Ebitda ratio of 9.83 and a price-sales ratio of 4.71.

The price-to-GF Value ratio is 0.50, earning the stock a GF Value rank of 4.

Regeneron Pharmaceuticals Inc


PUTNAM INVESTMENTS LLC reduced their investment in NAS:REGN by 248,392 shares. The trade had a 0.23% impact on the equity portfolio. During the quarter, the stock traded for an average price of $632.11.

On 05/18/2022, Regeneron Pharmaceuticals Inc traded for a price of $666.74 per share and a market cap of $73,402,523,000. The stock has returned 27.46% over the past year.

GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Regeneron Pharmaceuticals Inc has a price-earnings ratio of 9.47, a price-book ratio of 3.68, a price-earnings-to-growth (PEG) ratio of 0.24, a EV-to-Ebitda ratio of 7.29 and a price-sales ratio of 4.54.

The price-to-GF Value ratio is 0.68, earning the stock a GF Value rank of 8.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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