Putnam Large Cap Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Putnam Large Cap Value Fund held 110 positions with $50.21B in net assets. Its ten largest holdings made up 29.2% of the fund. The PEYAX share class costs 0.85% a year. Over the 12 months to May 2026, PEYAX returned 26.6%, with dividends reinvested. In 2026 Q3 it added 22 new positions and exited 39.
The fund seeks capital growth and current income.
The fund invests primarily in large-cap U.S. value stocks selected by the Investment Manager based on criteria including valuation, financial strength, growth potential, competitive position, projected earnings, cash flows, and dividends. The fund holds at least 80% of its net assets in companies of a size similar to those in the Russell 1000 Value Index and may also invest in midsize companies. Returns depend on the Investment Manager's security selection decisions.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GOOGLAlphabet, Inc. | 4.51% | $2.26B | 5.9M | $384.80 |
4.21% | $2.11B | 16.5M | $127.98 | |
3.44% | $1.73B | 18.9M | $91.50 | |
2.97% | $1.49B | 9.7M | $154.33 | |
AMZNAmazon.com, Inc. | 2.57% | $1.29B | 4.9M | $265.06 |
2.47% | $1.24B | 12.7M | $97.88 | |
2.35% | $1.18B | 15.0M | $78.76 | |
2.25% | $1.13B | 14.7M | $76.89 | |
2.22% | $1.12B | 6.8M | $165.07 | |
MSFTMicrosoft Corp. | 2.18% | $1.09B | 2.7M | $407.78 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 110 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 96.60% |
| Cash & short-term | 3.19% |
| Other | 0.39% |
| Derivatives | -0.07% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Financials
- 18.8%
- Information Technology
- 18.2%
- Health Care
- 12.7%
- Industrials
- 10.4%
- 11 other sectors
- 40.0%
- Financials
- 18.8%
- Information Technology
- 18.2%
- Health Care
- 12.7%
- Industrials
- 10.4%
- Consumer Discretionary
- 8.6%
- Consumer Staples
- 8.2%
- International
- 5.5%
- Energy
- 5.1%
- Materials
- 4.0%
- Utilities
- 3.8%
- Real Estate
- 1.8%
- Other
- 1.1%
- Cash
- 0.9%
- Communication Services
- 0.9%
- Government
- 0.0%
How it has done
PEYAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.44%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.85% | +26.58% | +68.11% | +91.03% | -9.95% | |
| — | — | — | — | — | |
| 1.60% | +25.61% | +64.42% | +84.03% | -10.18% | |
| 1.10% | +26.25% | +66.81% | +88.56% | -10.04% | |
| 0.60% | +26.88% | +69.34% | +93.32% | -9.92% | |
| 0.62% | +26.86% | +69.20% | +93.22% | -9.88% | |
| 0.52% | +26.98% | +69.74% | +94.11% | -9.84% |
Fees & fund details
Putnam Large Cap Value Fund is an actively managed U.S. equity fund. 6% of PEYAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 90% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.52% – 1.60%· PEYAX 0.85%
- Portfolio turnover
- 18.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
22 new· the largest 8
39 exited· the largest 8
Understand how this fund fits with the rest.
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