Putnam VT Core Equity Fund
Putnam Variable Trust
Expense ratio
Net assets1
$162.78M
Holdings1
133
Category
US Equity
Return

Investment objective & strategy

As of April 28, 2025 · prospectus

Objective. The fund seeks capital appreciation.

Strategy. Investments We invest mainly in common stocks (growth or value stocks or both) of U.S. companies of any size that we believe have favorable investment potential. For example, we may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We may also consider other factors we believe will cause the stock price to rise. We may consider, among other factors, a companys valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. Under normal circumstances, we invest at least 80% of the funds net assets (plus the amount of any borrowings for investment purposes) … Investments We invest mainly in common stocks (growth or value stocks or both) of U.S. companies of any size that we believe have favorable investment potential. For example, we may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We may also consider other factors we believe will cause the stock price to rise. We may consider, among other factors, a companys valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. Under normal circumstances, we invest at least 80% of the funds net assets (plus the amount of any borrowings for investment purposes) in equity investments, including common stocks, preferred stocks, convertible securities, warrants, American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). This policy may be changed only after 60 days notice to shareholders.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $11.62M 7.14%
APPLE INC $10.23M 6.29%
ALPHABET INC CL C $8.77M 5.39%
MICROSOFT CORP $8.10M 4.98%
AMAZON.COM INC $6.11M 3.75%
META PLATFORMS INC CL A $4.25M 2.61%
BROADCOM INC $4.20M 2.58%
TESLA INC $3.10M 1.91%
GOLDMAN SACHS GROUP INC $3.07M 1.89%
LAM RESEARCH CORP $3.02M 1.86%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
15
Exited
18
Increased
16
Decreased
54
Unchanged
49

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
Franklin Advisers, Inc. Sub-adviser
Franklin Templeton Investment Management Limited Sub-adviser
Putnam Investment Management, LLC Adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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