U.S. Large Cap Growth Equity Concentrated
Complete details, including composite calendar-year performance (%)Quarterly Review (PDF)
- Employs a thematic approach to identify secular winners with large addressable markets
- Combines investment themes with bottom-up, fundamental analysis of stocks looking for businesses that can compound revenues and cash flows across a cycle at a multiple of GDP
- Focuses on businesses that we believe have a strong ownership culture, and exhibit both a high level of growth and an above average duration of growth
Benchmark indexRussell 1000 Growth Index
AUM ($M) Strategy10,969.8
AUM ($M) Composite9.6
Typical range of portfolio holdings25–40
Related Putnam mutual fundLarge Cap Growth Fund
*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 investment. Actual results could be materially different from the stated goals. Investors should carefully consider the risk involved before deciding to invest. As with any investment, there is a potential for profit as well as the possibility of loss. Portfolio targets are subject to change.
A commitment to deep fundamental research
The team analyzes global trends, as well as problems and potential solutions, to identify which themes could drive sustained growth for businesses over a multi-year time horizon. Learn more about the theme-based strategy and the experiences that shaped the managers' investing approach.
Performance and holdings as of 12/31/22
Composite performance (%)
Past performance is not a guarantee of future results.
An investment in this strategy can lose value. Returns are stated in U.S. dollars and include the reinvestment of dividends and interest. Periods less than one year are not annualized. Most recent quarter-end performance is preliminary. Returns are subject to change. Gross performance includes the deduction of transaction costs but does not include the deduction of management fees and other expenses that may be incurred in managing an investment account. A portfolio's return will be reduced by advisory and other fees. Net performance reflects the deduction of a model fee applied on a monthly basis, equal to the actual management fee incurred by a portfolio in the composite or the highest management fee that would be charged to a prospect of the strategy, whichever is higher. The model fee may change over time. Actual advisory fees may vary among clients with the same investment strategy. The composite includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy.
Portfolio characteristics and holdings are for a representative account managed to the composite’s strategy and are shown for illustrative purposes only. Each account is managed individually. Accordingly, portfolio characteristics may vary and are subject to change. Portfolio characteristics and holdings of individual accounts managed to a model portfolio strategy may differ as a result of account size; client-imposed investment restrictions; the timing of client investments; market, economic, and individual company considerations; and other factors. The inclusion of holdings information should not be interpreted as a recommendation to buy or sell or hold any security. The securities identified do not represent all the securities purchased, sold, or recommended for client accounts. It should not be assumed that any investment in these securities was, or will prove to be, profitable, or that the investment decisions we make in the future will be profitable or equal to the investment performance of securities referenced herein.
Top 10 portfolio holdings (%)
|Apple||11.1||Technology hardware, storage and peripherals|
|UnitedHealth||5.1||Health care providers and services|
|Alphabet||4.9||Interactive media and services|
|Amazon||4.6||Internet and direct marketing retail|
|NVIDIA||3.6||Semiconductors and semiconductor equipment|
|Danaher||2.6||Life sciences tools and services|
|American Tower||2.3||Equity real estate investment trusts (REITs)|
|Fact Sheet (PDF)|
The Russell 1000® Growth Index is an unmanaged index of those companies in the large-cap Russell 1000® Index chosen for their growth orientation. Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. You cannot invest directly in an index.
To learn more about our offerings, please call our Client Engagement Center (CEC) at 1-800-354-4000.
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