Putnam VT Large Cap Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Putnam VT Large Cap Value Fund held 73 positions with $2.73B in net assets. Its ten largest holdings made up 34.4% of the fund. Its share classes cost 0.54%–0.79% a year. Over the 12 months to May 2026, it returned 27.1%, with dividends reinvested. In 2026 Q2 it added 9 new positions and exited 11.
The fund seeks capital growth and current income.
The fund invests primarily in large-cap U.S. common stocks selected for undervaluation, considering factors such as valuation metrics, financial strength, growth potential, competitive position, projected earnings, cash flows, and dividends. The fund may also hold midsize companies. Under normal circumstances, at least 80% of net assets are in large-cap stocks comparable in size to Russell 1000 Value Index constituents.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AAPLApple, Inc. | 6.30% | $172.38M | 595.7K | $289.36 |
MSFTMicrosoft Corp. | 5.66% | $154.70M | 414.7K | $373.02 |
3.88% | $106.17M | 758.5K | $139.96 | |
AMZNAmazon.com, Inc. | 3.82% | $104.57M | 438.8K | $238.34 |
2.81% | $76.83M | 654.1K | $117.46 | |
ABBVAbbVie, Inc. | 2.60% | $71.03M | 282.3K | $251.64 |
2.50% | $68.42M | 500.4K | $136.72 | |
2.34% | $63.88M | 786.0K | $81.27 | |
2.31% | $63.26M | 349.7K | $180.91 | |
2.16% | $59.05M | 101.7K | $580.91 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 73 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 | 98.01% |
| Other | 1.67% |
| Cash & short-term | 0.20% |
| Derivatives | 0.05% |
| Bonds | 0.01% |
Derivatives are shown at market value, not notional exposure.
By sector
- Financials
- 18.0%
- Information Technology
- 18.0%
- Health Care
- 12.2%
- Industrials
- 10.9%
- 11 other sectors
- 40.8%
- Financials
- 18.0%
- Information Technology
- 18.0%
- Health Care
- 12.2%
- Industrials
- 10.9%
- Consumer Discretionary
- 8.7%
- Consumer Staples
- 8.3%
- International
- 5.8%
- Materials
- 5.1%
- Energy
- 4.6%
- Utilities
- 3.6%
- Real Estate
- 1.9%
- Other
- 1.7%
- Communication Services
- 1.0%
- Cash
- 0.2%
- Government
- 0.0%
How it has done
C000010883 share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.47%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
Putnam VT Large Cap Value Fund is an actively managed U.S. equity fund. 7% of Putnam VT Large Cap Value Fund’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 92% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.54% – 0.79%
- Portfolio turnover
- 21.00% a year · as of 2026 Q2
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.
9 new· the largest 8
11 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 3-5y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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