Large Cap Growth Fund

Blending investment themes with fundamental research

Putnam Large Cap Growth Fund has an Overall Morningstar Rating™

out of 1,126 funds in the Large Growth category based on total return as of 10/31/23.

Learn about the fund's consistent outperformance versus peers

Download Investing for consistency through durable growth themes (PDF)

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 multiyear time horizon.

Explore our 12 themes and stock stories

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% through 2023.
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Artificial intelligence

Immediate AI beneficiaries include semiconductor and cloud service companies, but there is meaningful potential for future applications across many other sectors. Learn more about one of them, a developer of leading-edge graphic processing units.
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Digital marketing

More companies are recognizing the importance of digital marketing in driving business growth. Learn about the dominant information provider for the commercial real estate industry.
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Increased screen time

In 2019, for the first time, U.S. consumers spent more time with on mobile devices than watching TV. Learn about the company with a best-in-class reputation in the gaming industry.
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Autonomous and electric vehicles

The revenue opportunity for semiconductor companies that supply these markets is growing at above-market rates. See which company we expect to benefit from this and other secular growth trends.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.

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A rising number of S&P 500 companies are now tying ESG metrics to executive pay. Explore insights on how this impacts corporate goals and investment opportunities.

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ESG Metrics | Impact report of sustainable investing strategies

Putnam Investments is pleased to share our 2023 Sustainability and Impact Report.

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Balance and ballast: A strategy for uncertain markets

With heightened uncertainty in the financial markets, we believe it is an attractive time to invest in balanced funds, thanks to uncorrelated asset class returns and the ballast provided by the fixed-income portion of their portfolios.

Equity Insights | November 1, 2023