OCTOBER 21, 2024
Pursuing the power of recurring revenue
Our newest growth theme focuses on businesses with key strategies for generating recurring revenue.
Archived
"We look for trends that are powerful and multiyear in nature. This is the source of the growth themes in our portfolio."
Portfolio Managers Richard Bodzy and Greg McCullough, CFA, seek businesses with the ability to grow at above-market rates and to sustain that growth.
Richard Bodzy
Richard is Portfolio Manager of Putnam's U.S. Large Cap Growth Equity and U.S. Multi-Cap Growth Equity strategies. He joined Putnam in 2009 and has been in the investment industry since 2008.
Greg McCullough, CFA
Greg is a Portfolio Manager of Putnam's U.S. Large-Cap Growth Equity and Multi-Cap Growth Equity strategies. He joined Putnam in 2019 and has been in the investment industry since 2008.
Fundamental research identifies growth themes
A thematic approach is a distinctive feature of the strategy. Using deep fundamental research, the managers analyze global trends, as well as problems and potential solutions, to identify which themes could drive sustained growth for businesses over a multiyear time horizon. The managers seek businesses that can grow at above-market rates and sustain that growth and outperform in a variety of economic environments.
Strategy has a history of outperformance versus peers
The composite strategy has ranked in the top quartile over 80% of the time based on quarterly eVestment percentile rankings for rolling 5-year periods (as of 3/31/26, most recent data available).
Portfolio features 12 growth themes
Focusing on themes allows the managers to identify areas of the growth universe that demonstrate consistent, above-market growth. Approximately 90% of the portfolio holdings are tied to one or more of 12 growth themes. Download Investing in durable growth themes to learn more, including examples of companies within the themes.
Explore multiple ways to invest
| Equity Strategy | Separate Account | Mutual Fund | SMA/Model | ETF | CIT | UCITS |
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| U.S. Large Cap Growth |  |
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| U.S. Large Cap Growth Concentrated | |
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Equity insights from the team
About Putnam Investments
Putnam is a diversified equity asset manager serving investors worldwide. With roots dating back to 1937, we offer decades of experience in changing markets and investment professionals with extensive knowledge of industries and sectors. As a Franklin Templeton company, we benefit from the resources, scale, and stability of one of the world's largest asset managers.