Putnam’s $4.8 Billion in Financial Stock Holdings in Q3

Wall St. Watchdog reveals information regarding Putnam Investment Management’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 338 stocks in the Financial sector at the end of the quarter with an aggregate market value of $4.8 billion.

  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, Putnam Investment Management reported holding 1,618,981 shares with a market value of $45,428,606. This comprised 0.22% of the total portfolio. On 09/30/2011, Putnam Investment Management reported holding 24,850,679 shares with a market value of $599,398,398. This comprised 2.13% of the total portfolio. The net change in shares for this position over the two quarters is 23,231,698. About Company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, Putnam Investment Management reported holding 22,764,500 shares with a market value of $931,978,599. This comprised 4.54% of the total portfolio. On 09/30/2011, Putnam Investment Management reported holding 16,770,963 shares with a market value of $505,141,420. This comprised 1.8% of the total portfolio. The net change in shares for this position over the two quarters is -5,993,537. About Company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • State Street Corp. (NYSE:STT): On 06/30/2011, Putnam Investment Management reported holding 676,898 shares with a market value of $30,521,331. This comprised 0.15% of the total portfolio. On 09/30/2011, Putnam Investment Management reported holding 11,387,050 shares with a market value of $366,207,526. This comprised 1.3% of the total portfolio. The net change in shares for this position over the two quarters is 10,710,152. About Company: State Street Corporation services institutional investors and manages financial assets worldwide. The Company’s products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services.
  • Citigroup Inc. (NYSE:C): On 06/30/2011, Putnam Investment Management reported holding 1,222,061 shares with a market value of $50,886,619. This comprised 0.25% of the total portfolio. On 09/30/2011, Putnam Investment Management reported holding 8,658,484 shares with a market value of $221,830,367. This comprised 0.79% of the total portfolio. The net change in shares for this position over the two quarters is 7,436,423. About Company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • Bank Of America Corporation (NYSE:BAC): On 06/30/2011, Putnam Investment Management reported holding 1,051,604 shares with a market value of $11,525,580. This comprised 0.06% of the total portfolio. On 09/30/2011, Putnam Investment Management reported holding 34,782,561 shares with a market value of $212,869,269. This comprised 0.76% of the total portfolio. The net change in shares for this position over the two quarters is 33,730,957. About Company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
  • Hartford Financial Services Group Inc. (NYSE:HIG): On 06/30/2011, Putnam Investment Management reported holding 630,817 shares with a market value of $16,634,645. This comprised 0.08% of the total portfolio. On 09/30/2011, Putnam Investment Management reported holding 10,117,744 shares with a market value of $163,300,382. This comprised 0.58% of the total portfolio. The net change in shares for this position over the two quarters is 9,486,927. About Company: The Hartford Financial Services Group, Inc. provides a range of insurance products. The Company’s products include property and casualty insurance, annuities, life insurance, investment services, and group insurance. Hartford Financial operates around the world.
  • Aflac Inc. (NYSE:AFL): On 06/30/2011, Putnam Investment Management reported holding 201,440 shares with a market value of $9,403,219. This comprised 0.05% of the total portfolio. On 09/30/2011, Putnam Investment Management reported holding 3,914,697 shares with a market value of $136,818,663. This comprised 0.49% of the total portfolio. The net change in shares for this position over the two quarters is 3,713,257. About Company: Aflac, Inc. is a general business holding company. The Company, through its subsidiaries, provides supplemental insurance to individuals in the United States and Japan. Aflac’s products include accident/disability plans, cancer expense plans, short-term disability plans, sickness and hospital indemnity plans, hospital intensive care plans, and fixed-benefit dental plans.
  • Assured Guaranty Ltd. (NYSE:AGO): On 06/30/2011, Putnam Investment Management reported holding 11,887,216 shares with a market value of $193,880,487. This comprised 0.94% of the total portfolio. On 09/30/2011, Putnam Investment Management reported holding 11,185,442 shares with a market value of $122,928,005. This comprised 0.44% of the total portfolio. The net change in shares for this position over the two quarters is -701,774. About Company: Assured Guaranty Ltd. provides financial guaranty insurance and reinsurance, as well as mortgage guaranty coverage. The Company’s products include guaranties for municipal finance, structured finance, and corporate bonds.
  • Alliance Data Systems Corporation (NYSE:ADS): On 06/30/2011, Putnam Investment Management reported holding 230,201 shares with a market value of $21,655,008. This comprised 0.11% of the total portfolio. On 09/30/2011, Putnam Investment Management reported holding 1,174,797 shares with a market value of $108,903,678. This comprised 0.39% of the total portfolio. The net change in shares for this position over the two quarters is 944,596. About Company: Alliance Data Systems Corporation provides card services, loyalty and marketing solutions, payment processing, and business process outsourcing services. The Company provides such services to the retail, petroleum, utility, financial services, and hospitality markets.
  • Discover Fin Svcs (NYSE:DFS): On 06/30/2011, Putnam Investment Management reported holding 572,639 shares with a market value of $15,318,093. This comprised 0.07% of the total portfolio. On 09/30/2011, Putnam Investment Management reported holding 4,263,280 shares with a market value of $97,799,645. This comprised 0.35% of the total portfolio. The net change in shares for this position over the two quarters is 3,690,641. About Company: Discover Financial Services is a credit card issuer and electronic payment services company. The Company issues credit cards and offers student and personal loans, as well as savings products such as certificates of deposit and money market accounts and operates an automated teller machine(ATM)/debit network, which includes ATMs, as well as POS terminals nationwide.

(Note: Data regarding Putnam Investment Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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