Putnam Investments Equity
Who Will Earn the Returns on the AI Buildout?
August 18, 2026
The infrastructure opportunity is broadening. The payoff may be far more selective.
Putnam Investments
Putnam is a diversified equity asset manager serving investors worldwide. Delivering investment excellence to our clients is at the center of everything we do.
$196.6bn
(USD) assets under management1
85+ years
serving clients and shareholders
77
investment professionals in
Boston, London and Singapore
Boston, London and Singapore
FROM PUTNAM'S CHIEF INVESTMENT OFFICER
What Differentiates Putnam
Our stock-driven approach is grounded in deep fundamental analysis focused on best-ideas, embedded risk management and a culture of collaboration.
Chief Investment Officer Shep Perkins, CFA, highlights how these elements shape Putnam’s pursuit of consistent relative outperformance across market environments.
Stock-driven, not style-driven
We believe portfolios driven more by stock-specific exposures than by common factor risks are better able to consistently generate alpha and help manage downside risk across style regimes.
Differentiated alpha
Our hybrid, fundamental research structure encourages debate and idea exchange between sector and strategy specialists to deliver a unique, collaborative view on stock opportunities.
Risk management
Portfolio construction is as important as stock selection in our process. We seek to amplify stock risk and minimize factor risk with the express goal of delivering a smoother performance journey regardless of style regime.
Client alignment
Delivering repeatable investment excellence to our clients is at the center of everything we do. The majority of portfolio manager and analyst compensation is performance based, aligning our success with that of our clients.
A range of equity strategies
Putnam offers equity portfolios across a range of styles, capitalization sizes, and vehicles. We designed our investment process with the goal of ensuring that stock selection is the primary driver of performance.
| Strategy name | Separate account | Mutual fund | SMA/Model | ETF | CIT | UCITS |
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| U.S. Large Cap Value |  |
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| U.S. Large Cap Value Concentrated | |
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| U.S. Large Cap Growth | |
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| U.S. Large Cap Growth Concentrated | |
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| U.S. Core | |
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| U.S. Core Concentrated | |
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| U.S. Research | |
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| Focused U.S. |  |
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| U.S. Balanced | |
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| U.S. Convertible Securities | |
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| U.S. Sustainable Future (fund reorganized as of 8/14/26) | |
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| U.S. Sustainable Leaders | |
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| U.S. Small Cap Growth | |
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| U.S. Small Cap Value | |
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| Business Development Companies | |
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A collaborative and tenured investment leadership team
We have developed a distinctive, team-based research culture to generate differentiated investment insights. Emphasizing dialogue and debate, our flat organizational structure encourages collaboration and information flow across portfolio managers, analysts, and traders.
Shep Perkins, CFA
Chief Investment Officer
Kate Lakin
Director of Research, Portfolio Manager
Alan McCormack, Ph.D., CFA
Head of Risk and Quantitative Strategies
Marc Lindquist
Head of Trading
Putnam teams
Investment professionals
Active, experienced portfolio managers distinguish Putnam from passive approaches. Our unique culture rewards original thinking, collaboration, and risk-aware portfolio management.
Equity Research
The team features more than 30 research analysts. Some are focused on specific sectors, while others are aligned with Putnam equity strategies.
Global Business Development
Working in close partnership with Putnam's investment division, this team specializes in representing and promoting Putnam strategies and investment approaches.
Equity Insights
Research, analysis, and outlooks on current market trends, investment themes, sectors, and opportunities. See all Equity Insights >
Showing 1-5 / 8 insights
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Franklin Templeton Institute Putnam Investments Equity
Talking Markets Podcast: Still Early Innings for Artificial Intelligence
July 21, 2026
In this episode of Talking Markets with Franklin Templeton, host John Przygocki sits down with Chris Galipeau, Head Market Strategist at the Franklin Templeton Institute, and Putnam Investments portfolio managers Andy O'Brien and Bobby Gray to explore artificial intelligence through the lens of professional investors.
Putnam Investments Equity
The Price of Admission: Further equity upside comes with a cost—volatility
July 21, 2026
Resilient earnings, improving industrial activity and the AI investment cycle should continue to support equities, according to Putnam Investments’ Shep Perkins. But the same forces driving the market higher are also making companies harder to value.
Putnam Investments Equity
Emerging markets: Cheap, growing and underowned
May 12, 2026
Returning from a recent global research trip, Putnam Portfolio Manager Brian Freiwald describes several trends that point to the potential for continued outperformance for emerging market equities.
Putnam Investments Equity
The opportunity in emerging markets today (Podcast)
April 2, 2026
On this month's Talking Markets podcast, Brian Freiwald of Putnam Investments joins us to discuss the nature of emerging markets and how their behavior differs from the US equity market. He offers his views on the reasons to allocate to emerging markets, including insights on specific companies and the broader opportunity across emerging markets today.
Looking for more?
Visit Putnam Investments' website to learn more about our subsidiary investment advisor.
1. AUM is as of 06/30/2026.
Important Information
All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision.
Past performance is no guarantee of future results.
No assurance can be given that the investment objective will be achieved or that an investor will receive a return of all or part of his or her initial investment. Actual results could be materially different from the stated goals. Putnam Investments does not guarantee any minimum level of investment performance or the success of any investment strategy. Investors should carefully consider the risks involved before deciding to invest. As with any investment, there is a potential for profit as well as the possibility of loss. Use of models and analytical, quantitative and risk management tools and techniques is no guarantee of investment success or positive performance.
This website is a general communication and is provided for informational and/or educational purposes only. The information and content contained herein does not constitute and is not intended to constitute an offer of any kind, including securities and accordingly should not be construed as such. Any products or services referenced on this website are for informational purposes only and may not be licensed or permitted to be purchased in your jurisdiction, and unless otherwise indicated, no regulator or government authority has reviewed this website, or the merits of the products and services referenced. None of the information and content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation. Before acting on any information on this website you should be well informed of and observe all applicable laws, rules and regulations of your home jurisdiction and obtain independent advice if required.
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Institutional Separate Accounts: Investment advisory and management services for separate accounts are provided by Putnam Investment Management, LLC, The Putnam Advisory Company, LLC and/or Putnam Investments Limited®. Investment minimums apply to separate accounts and may vary across strategies.
Mutual Funds and Exchange-Traded Funds (ETFs): U.S.-registered mutual funds are distributed by Franklin Distributors, LLC. Putnam funds are not exchangeable for funds distributed by Franklin Distributors, LLC. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Retail Separately Managed Accounts (SMAs): Putnam Investment Management, LLC acts as a discretionary investment manager or non-discretionary model provider in a variety of retail separately managed account programs and platforms (“SMA Programs”) sponsored by non-affiliated financial intermediaries (each, a “Sponsor Firm”). Through various Sponsor Firms, Putnam offers model-delivery SMAs as well as single- and dual-contract SMAs through a range of actively managed equity strategies. SMA Programs may require a minimum asset level and, depending on specific investment objectives and financial position, may not be appropriate for all investors.
UCITS (Undertakings for Collective Investment in Transferable Securities): Funds are subfunds of Putnam World Trust, an umbrella unit trust domiciled in Ireland. The trust is established as an undertaking for collective investment in transferable securities pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (as amended). The Manager of the Putnam World Trust Funds (“PWT Funds”) is Carne Global Fund Managers (Ireland) Limited (“Carne”). Carne is authorized and regulated by the Central Bank of Ireland. Putnam Investments Limited is the distributor of the PWT Funds. Fund units may not be offered or sold to citizens or residents of the United States of America or in any other country, state, or jurisdictions where it would be unlawful to offer, solicit an offer for, or sell the units.
Collective Investment Trusts (CITs): Putnam-operated collective investment trusts are managed and distributed by Putnam Fiduciary Trust Company, LLC (”PFTC”), a non-depository New Hampshire trust company. However, it is not FDIC insured; is not a deposit or other obligation of, and is not guaranteed by, PFTC or any of its affiliates. The funds are not mutual funds registered under the Investment Company Act of 1940, and their units are not registered under the Securities Act of 1933. The funds are only available for investment by eligible, qualified retirement plan trusts, as defined in the declaration of trust and participation agreement. Putnam Fiduciary Trust Company and Putnam Investments are Franklin Templeton companies.
Great Gray-operated collective investment trusts (“Great Gray Funds”) are managed and distributed by Great Gray Trust Company, LLC. Great Gray Trust Company, LLC serves as the Trustee of the Great Gray Funds and maintains ultimate fiduciary authority over the management of, and investments made in, the Great Gray Funds. Great Gray Funds and their units are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933, respectively. The Putnam Advisory Company, LLC is the sub-advisor. Great Gray Trust Company, LLC is not affiliated with Putnam Investments. Participation in Great Gray Funds is limited primarily to qualified retirement plans and certain state or local government plans and is not available to IRAs, health and welfare plans and, in certain cases, Keogh (H.R. 10) plans.