Putnam VT Research Fund
Putnam Variable Trust
Expense ratio
Net assets1
$120.69M
Holdings1
143
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 large U.S. companies 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. Investments We invest mainly in common stocks (growth or value stocks or both) of large U.S. companies 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.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $7.90M 6.54%
MICROSOFT CORP $6.49M 5.38%
ALPHABET INC CL A $5.96M 4.94%
APPLE INC $5.59M 4.63%
AMAZON.COM INC $4.94M 4.09%
BROADCOM INC $3.68M 3.05%
LAM RESEARCH CORP $3.26M 2.70%
META PLATFORMS INC CL A $2.67M 2.21%
EXXON MOBIL CORP $2.62M 2.17%
Putnam Short Term Investment Fund, Class P $2.58M 2.14%
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
21
Exited
19
Increased
54
Decreased
62
Unchanged
6

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 →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Guardian Diversified Research VIP Fund 98% 0.95%
Putnam U.S. Research Fund · PNRAX, PRFBX, PRACX, PRSRX, PURYX 90% 0.49%
iShares Russell Top 200 ETF · IWL 61% 0.15%
View all similar funds →

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
The Putnam Advisory Company, LLC Sub-adviser

Footnotes

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

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