Large Cap Growth Fund

Blending investment themes with fundamental research

Putnam Large Cap Growth Fund has a Overall Morningstar Rating™

out of 1,123 funds in the Large Growth category based on total return as of 04/30/23.

Growth themes and companies that benefit from them

A thematic approach is a distinctive feature of the fund. 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.

Explore our 12 themes and stock stories

The Large Cap Growth Fund team believes could drive sustained growth for businesses over a multi-year time horizon.

Viral effects

Many businesses that were resilient and strong through the pandemic lockdowns have become even stronger, taking market share and further cementing their competitive moats. Learn more about one of them, a developer of leading-edge diagnostic tools.
Read more

Cloud infrastructure and software

Businesses are increasingly shifting their information technology systems to cloud storage. See which business we believe can achieve an annual growth rate of more than 30% by 2023.
Read more

Increased screen time

In 2019, for the first time, U.S. consumers spent more time with on mobile devices than watching TV. See which company with high free cash flow margins could grow EPS by 20% annually over the next three-plus years.
Read more

Digital marketing

More companies are recognizing the importance of digital marketing in driving business growth. Learn about one that is in a unique position to deliver effective marketing campaigns to targeted audiences.
Read more

Humanization of pets

Pets increasingly receive the same level of attention, care, and health maintenance as human family members do. See which company has spent more on R&D over the past five years than all of its competitors combined.
Read more

A healthier tomorrow

People around the globe are prioritizing exercise, diet, and environmental health, and they are seeking greater access to and control over their personal health data. See which leading retailer we believe will benefit from this trend.
Read more

Personalized medicine

The genetic makeup of patients will become increasingly important in the therapy and treatment they receive. See which company opened the world’s largest dedicated cell and gene therapy facility in 2018.
Read more

Autonomous and electric vehicles

The revenue opportunity for semiconductor companies that supply these markets is growing at above-market rates. See which company already has decades of experience providing hardware and software for automakers.
Read more

5G connectivity and the Internet of things

The rapid growth in connected devices and systems will drive carriers to invest rapidly in 5G networks. See one business we believe will benefit as companies make this transition.
Read more

E-commerce and payment processing

The U.S. e-commerce market has grown 16% annually since 2001, and peer-to-peer electronic money transfers have rapidly become more common. See which company we believe has a distinct advantage with its near-universal merchant acceptance and large consumer base.
Read more

The experience economy

The appeal of experiences has become more widespread after the pandemic lockdowns in 2020. This demand, combined with higher levels of personal savings, should help a number of businesses grow at above-market rates for an extended period of time.
Read more

Controlled distribution

How companies sell and distribute their products and services can offer a distinct advantage. See which company gained its leadership position by building customer relationships.
Read more

Meet the managers

Richard E. Bodzy

Portfolio Manager

15 years in the industry

14 years at Putnam Investments

Gregory D. McCullough, CFA

Portfolio Manager, Analyst

15 years in the industry

4 years at Putnam Investments

Insights from Putnam's equity team

Putnam's equity portfolio managers and analysts offer their perspectives on investing, the economy, and the financial markets.

Economic moats | Active investors seek wider moats

Economic moats, also called business moats, are competitive advantages that help a company maintain long-term profits and market share over competitors.

Read post

ESG: Hearing the signal above the noise

In our view, the best opportunities lie not at the extremes of ESG rhetoric, but at the heart of sustainability substance.

Read post

You must be present to win: The outlook for large-cap growth stocks

Large-cap growth stocks delivered solid returns in the early months of 2023, and we remain optimistic about their prospects.

Equity Insights | May 1, 2023