Putnam Hartford Capital Manager

Putnam Capital Opportunities Subaccount

The subaccount seeks long-term growth of capital.

Fund description

The subaccount invests primarily in small and midsize companies, seeking hidden opportunities in stocks with growth potential that has been relatively unnoticed by investors. The portfolio can own growth and value stocks without a bias toward either style.

Sales story

Seeking opportunities in small and midsize companiesSmaller companies: Often overlooked by Wall Street analysts, the stocks of smaller companies can represent attractive opportunities to firms with strong research capabilities.A flexible strategy: The fund can own growth- or value-style stocks, allowing it to seek opportunities regardless of which style is in favor.Differentiated research: The portfolio managers select stocks in a collaborative effort that emphasizes non-consensus critical thinking.

Management team

Lipper ranking ‡ as of 05/31/18

Category: Small-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 78% 98/125
1 yr. 93% 155/167
3 yrs. 96% 154/160
5 yrs. 97% 148/152

The subaccount invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Variable annuities are long-term investments designed for retirement purposes. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty.

‡ Lipper is an industry research firm whose rankings are based on total return performance, vary over time, and do not reflect the effects of sales charges. Past performance is not indicative of future results.

Quick facts as of 05/31/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 116
Turnover (fiscal year end) 157%
Net Assets $28M
Inception Date 05/01/03

Holdings

Top 10 holdings as of 05/31/18

Summit Materials 2.88%
Godaddy 2.55%
Orion Engineered Carbons 2.14%
Instructure 2.06%
Dxc Technology 2.01%
Burlington Stores 1.96%
Everbridge 1.93%
Qad 1.87%
Talend 1.84%
Logmein 1.78%
Top 10 holdings, total: 21.02%

Equity Holdings as of 03/31/18

SUMMIT MATERIALS INC -CL A 2.96%
EVERBRIDGE INC 2.35%
DXC TECHNOLOGY CO 2.25%
GODADDY INC - CLASS A 2.25%
ORION ENGINEERED CARBONS SA 2.08%
INSTRUCTURE INC 2.07%
JOHN BEAN TECHNOLOGIES CORP 1.99%
LOGMEIN INC 1.97%
RADIAN GROUP INC 1.97%
BURLINGTON STORES INC 1.84%
OSHKOSH CORP 1.74%
EASTERLY GOVERNMENT PROPERTI 1.69%
GAMING AND LEISURE PROPERTIE 1.62%
OWENS CORNING 1.59%
QAD INC-A 1.54%
BRUNSWICK CORP 1.52%
HAMILTON LANE INC-CLASS A 1.49%
INVESTMENT TECHNOLOGY GROUP 1.49%
SBA COMMUNICATIONS CORP 1.48%
L3 TECHNOLOGIES INC 1.44%
SERVICE CORP INTERNATIONAL 1.42%
BALL CORP 1.41%
MEDICINES COMPANY 1.39%
RPC GROUP PLC 1.39%
EAST WEST BANCORP INC 1.37%
GTT COMMUNICATIONS INC 1.29%
MIRATI THERAPEUTICS INC 1.28%
PEOPLES BANCORP INC 1.28%
ELLIE MAE INC 1.23%
JAZZ PHARMACEUTICALS PLC 1.22%
LIBERTY MEDIA COR-SIRIUSXM C 1.21%
UMPQUA HOLDINGS CORP 1.21%
GRAPHIC PACKAGING HOLDING CO 1.20%
W.R. GRACE & CO 1.19%
MALIBU BOATS INC - A 1.17%
CLOVIS ONCOLOGY INC 1.14%
WP CAREY INC 1.12%
ALCOA CORP 1.11%
CAVIUM INC 1.11%
JELD-WEN HOLDING INC 1.07%
SMITH (A.O.) CORP 1.07%
EMPLOYERS HOLDINGS INC 1.02%
SEVEN GENERATIONS ENERGY - A 0.99%
DAVE & BUSTER'S ENTERTAINMEN 0.94%
PROTO LABS INC 0.92%
RIGHTMOVE PLC 0.90%
ASSURED GUARANTY LTD 0.87%
DISCOVERY COMMUNICATIONS-C 0.87%
E*TRADE FINANCIAL CORPORATION 0.87%
BROOKS AUTOMATION INC 0.81%
PENUMBRA INC 0.80%
EPLUS INC 0.77%
ONE GAS INC 0.77%
WYNDHAM WORLDWIDE CORP 0.77%
LIBERTY MEDIA CORP-LIBERTY-C 0.76%
SIMPLY GOOD FOODS CO/THE 0.75%
FIRST REPUBLIC BANK/CA 0.74%
LIVE NATION ENTERTAINMENT IN 0.74%
VALMONT INDUSTRIES 0.74%
CRAFT BREW ALLIANCE INC 0.72%
ATARA BIOTHERAPEUTICS INC 0.71%
NRG ENERGY INC 0.69%
AT HOME GROUP INC 0.68%
BIO-RAD LABORATORIES-A 0.67%
ALEXION PHARMACEUTICALS INC 0.64%
DIPLOMAT PHARMACY INC 0.62%
OLD NATIONAL BANCORP 0.61%
PARTY CITY HOLDCO INC 0.61%
ST JAMES'S PLACE PLC 0.61%
OGE ENERGY CORP 0.60%
PARSLEY ENERGY INC-CLASS A 0.59%
TEXAS CAPITAL BANCSHARES INC 0.59%
DISCOVERY COMMUNICATIONS-A 0.58%
ALLETE INC 0.57%
POPULAR INC 0.57%
BANDWIDTH INC-CLASS A 0.54%
NEKTAR THERAPEUTICS 0.53%
PJT PARTNERS INC - A 0.52%
SANDERSON FARMS INC 0.52%
PACWEST BANCORP 0.51%
ENCANA CORP 0.49%
WPX ENERGY INC 0.45%
EVERCORE INC - A 0.44%
CYMABAY THERAPEUTICS INC 0.39%
HAWAIIAN ELECTRIC INDS 0.39%
IDACORP INC 0.39%
SELECT ENERGY SERVICES INC-A 0.37%
EDGEWELL PERSONAL CARE CO 0.36%
WELLCARE HEALTH PLANS INC 0.35%
GENMARK DIAGNOSTICS INC 0.34%
NUVISTA ENERGY LTD 0.34%
PACIRA PHARMACEUTICALS INC 0.32%
ARRAY BIOPHARMA INC 0.31%
CALLAWAY GOLF COMPANY 0.24%
TG THERAPEUTICS INC 0.24%
BLUEBIRD BIO INC 0.22%
DR PEPPER SNAPPLE GROUP INC 0.21%
HOLLYFRONTIER CORP 0.19%
OIL STATES INTERNATIONAL INC 0.16%
SUPERIOR ENERGY SERVICES INC 0.16%
OCEANEERING INTL INC 0.13%
TARGA RESOURCES CORP 0.07%
US SILICA HOLDINGS INC 0.07%
SAILPOINT TECHNOLOGIES HOLDI 0.03%
SENDGRID INC 0.03%

Full Portfolio Holdings as of 03/31/18

SUMMIT MATERIALS INC -CL A 2.96%
EVERBRIDGE INC 2.35%
DXC TECHNOLOGY CO 2.25%
GODADDY INC - CLASS A 2.25%
ORION ENGINEERED CARBONS SA 2.08%
INSTRUCTURE INC 2.07%
JOHN BEAN TECHNOLOGIES CORP 1.99%
LOGMEIN INC 1.97%
RADIAN GROUP INC 1.97%
BURLINGTON STORES INC 1.84%
OSHKOSH CORP 1.74%
EASTERLY GOVERNMENT PROPERTI 1.69%
GAMING AND LEISURE PROPERTIE 1.62%
OWENS CORNING 1.59%
QAD INC-A 1.54%
BRUNSWICK CORP 1.52%
HAMILTON LANE INC-CLASS A 1.49%
INVESTMENT TECHNOLOGY GROUP 1.49%
SBA COMMUNICATIONS CORP 1.48%
L3 TECHNOLOGIES INC 1.44%
SERVICE CORP INTERNATIONAL 1.42%
BALL CORP 1.41%
MEDICINES COMPANY 1.39%
RPC GROUP PLC 1.39%
EAST WEST BANCORP INC 1.37%
GTT COMMUNICATIONS INC 1.29%
MIRATI THERAPEUTICS INC 1.28%
PEOPLES BANCORP INC 1.28%
ELLIE MAE INC 1.23%
JAZZ PHARMACEUTICALS PLC 1.22%
LIBERTY MEDIA COR-SIRIUSXM C 1.21%
UMPQUA HOLDINGS CORP 1.21%
GRAPHIC PACKAGING HOLDING CO 1.20%
W.R. GRACE & CO 1.19%
MALIBU BOATS INC - A 1.17%
CLOVIS ONCOLOGY INC 1.14%
WP CAREY INC 1.12%
ALCOA CORP 1.11%
CAVIUM INC 1.11%
JELD-WEN HOLDING INC 1.07%
SMITH (A.O.) CORP 1.07%
EMPLOYERS HOLDINGS INC 1.02%
SEVEN GENERATIONS ENERGY - A 0.99%
DAVE & BUSTER'S ENTERTAINMEN 0.94%
PROTO LABS INC 0.92%
RIGHTMOVE PLC 0.90%
ASSURED GUARANTY LTD 0.87%
DISCOVERY COMMUNICATIONS-C 0.87%
E*TRADE FINANCIAL CORPORATION 0.87%
BROOKS AUTOMATION INC 0.81%
PENUMBRA INC 0.80%
EPLUS INC 0.77%
ONE GAS INC 0.77%
WYNDHAM WORLDWIDE CORP 0.77%
LIBERTY MEDIA CORP-LIBERTY-C 0.76%
SIMPLY GOOD FOODS CO/THE 0.75%
FIRST REPUBLIC BANK/CA 0.74%
LIVE NATION ENTERTAINMENT IN 0.74%
VALMONT INDUSTRIES 0.74%
CRAFT BREW ALLIANCE INC 0.72%
ATARA BIOTHERAPEUTICS INC 0.71%
NRG ENERGY INC 0.69%
AT HOME GROUP INC 0.68%
BIO-RAD LABORATORIES-A 0.67%
ALEXION PHARMACEUTICALS INC 0.64%
DIPLOMAT PHARMACY INC 0.62%
OLD NATIONAL BANCORP 0.61%
PARTY CITY HOLDCO INC 0.61%
ST JAMES'S PLACE PLC 0.61%
OGE ENERGY CORP 0.60%
PARSLEY ENERGY INC-CLASS A 0.59%
TEXAS CAPITAL BANCSHARES INC 0.59%
DISCOVERY COMMUNICATIONS-A 0.58%
ALLETE INC 0.57%
POPULAR INC 0.57%
BANDWIDTH INC-CLASS A 0.54%
NEKTAR THERAPEUTICS 0.53%
PJT PARTNERS INC - A 0.52%
SANDERSON FARMS INC 0.52%
PACWEST BANCORP 0.51%
ENCANA CORP 0.49%
WPX ENERGY INC 0.45%
EVERCORE INC - A 0.44%
CYMABAY THERAPEUTICS INC 0.39%
HAWAIIAN ELECTRIC INDS 0.39%
IDACORP INC 0.39%
SELECT ENERGY SERVICES INC-A 0.37%
EDGEWELL PERSONAL CARE CO 0.36%
WELLCARE HEALTH PLANS INC 0.35%
GENMARK DIAGNOSTICS INC 0.34%
NUVISTA ENERGY LTD 0.34%
PACIRA PHARMACEUTICALS INC 0.32%
ARRAY BIOPHARMA INC 0.31%
CALLAWAY GOLF COMPANY 0.24%
TG THERAPEUTICS INC 0.24%
BLUEBIRD BIO INC 0.22%
DR PEPPER SNAPPLE GROUP INC 0.21%
HOLLYFRONTIER CORP 0.19%
OIL STATES INTERNATIONAL INC 0.16%
SUPERIOR ENERGY SERVICES INC 0.16%
OCEANEERING INTL INC 0.13%
TARGA RESOURCES CORP 0.07%
US SILICA HOLDINGS INC 0.07%
SAILPOINT TECHNOLOGIES HOLDI 0.03%
SENDGRID INC 0.03%
EMIN RUSSELL 2000 JUN18 RTYM8 0.01%

Prior top 10 holdings

Top 10 holdings as of 05/31/18
1: Summit Materials 2.88%
2: Godaddy 2.55%
3: Orion Engineered Carbons 2.14%
4: Instructure 2.06%
5: Dxc Technology 2.01%
6: Burlington Stores 1.96%
7: Everbridge 1.93%
8: Qad 1.87%
9: Talend 1.84%
10: Logmein 1.78%
Holdings represent 21.02% of portfolio
Top 10 holdings as of 04/30/18
1: Summit Materials 2.95%
2: Everbridge 2.41%
3: Godaddy 2.38%
4: Dxc Technology 2.32%
5: Orion Engineered Carbons 2.06%
6: John Bean Technologies Corp 2.02%
7: Instructure 2.01%
8: Logmein 1.89%
9: Burlington Stores 1.88%
10: Easterly Government Properties 1.71%
Holdings represent 21.63% of portfolio
Top 10 holdings as of 03/31/18
1: Summit Materials 2.96%
2: Everbridge 2.35%
3: Dxc Technology 2.25%
4: Godaddy 2.25%
5: Orion Engineered Carbons 2.08%
6: Instructure 2.07%
7: John Bean Technologies Corp 1.99%
8: Logmein 1.97%
9: Radian Group 1.97%
10: Burlington Stores 1.84%
Holdings represent 21.73% of portfolio
Top 10 holdings as of 02/28/18
1: Summit Materials 3.05%
2: Dxc Technology 2.34%
3: Godaddy 2.23%
4: Instructure 2.17%
5: Everbridge 2.09%
6: Orion Engineered Carbons 2.08%
7: Radian Group 2.02%
8: Logmein 2.00%
9: John Bean Technologies Corp 1.92%
10: Hamilton Lane 1.83%
Holdings represent 21.73% of portfolio

Portfolio Composition as of 05/31/18

Common stock 98.79%
Cash and net other assets 1.21%

Portfolio characteristics will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Variable annuities are long-term investments designed for retirement purposes. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty. Growth investing targets companies with above-average earnings that may be subject to price volatility if earnings expectations are not met.

Top Industry Sectors as of 05/31/18

Information technology 19.24%
Financials 16.67%
Consumer discretionary 14.03%
Health care 12.08%
Materials 10.75%
Industrials 10.19%
Real estate 5.22%
Energy 5.10%
Utilities 3.13%
 
Other
3.59%
Consumer staples 2.38%
Cash and net other assets 1.21%

Country Allocation as of 05/31/18

United States 91.22%
United Kingdom 2.86%
Luxembourg 2.14%
Canada 1.67%
Cash and net other assets 1.21%
Puerto Rico 0.60%
Germany 0.30%