Putnam is a diversified equity asset manager serving investors worldwide. Delivering investment excellence to our clients is at the center of everything we do.
As active investors, we believe our success depends on a highly capable and diverse team of portfolio managers and analysts. Shep Perkins, CFA, Chief Investment Officer, describes the key components of Putnam's investment philosophy and process.
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.
Our hybrid, fundamental research structure encourages debate and idea exchange between sector and strategy specialists to deliver a unique, collaborative view on stock opportunities.
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.
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.
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 | |
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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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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.
Chief Investment Officer
Director of Research, Portfolio Manager
Head of Risk and Quantitative Strategies
Head of Trading
Active, experienced portfolio managers distinguish Putnam from passive approaches. Our unique culture rewards original thinking, collaboration, and risk-aware portfolio management.
The team features more than 30 research analysts. Some are focused on specific sectors, while others are aligned with Putnam equity strategies.
Working in close partnership with Putnam's investment division, this team specializes in representing and promoting Putnam strategies and investment approaches.
Research, analysis, and outlooks on current market trends, investment themes, sectors, and opportunities. See all Equity Insights >
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.
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.
February 19, 2026
With a solid fundamental backdrop, a broadening equity market, and the potential in AI, we believe this is an exciting time to be picking stocks and investing in businesses.
January 8, 2026
Venezuela is a high-optionality oil-and-gas story, but the pathway from reserves to reliable exports runs through governance, contracts and sustained capital investment.
December 10, 2025
2025 is ending with a range of worries for the stock market—which is no surprise, observes Putnam Equity’s Shep Perkins. But it’s important to also recognize what could go right for the market in 2026.
August 14, 2025
While market volatility and uncertainties are possible in the months ahead, we also see encouraging trends for equities.
June 3, 2025
After 15 years of US dominance, many global portfolios are heavily overweight US stocks. Is it time to reallocate?
Visit Putnam Investments' website to learn more about our subsidiary investment advisor.
1. AUM is as of 03/31/2026.
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.
