# EDGAR Filing Document

**Accession Number:** 0000216934
**File Stem:** 0002071691-25-009312
**Filing Date:** 2025-12
**Character Count:** 47886
**Document Hash:** 0093d91e48b11a0d26b42e2e7cf6a950
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009312.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009312

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM LARGE CAP VALUE FUND
- **CENTRAL INDEX KEY:** 0000216934

**ORGANIZATION NAME:**
- **EIN:** 046407893
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02742
- **FILM NUMBER:** 251595209

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM EQUITY INCOME FUND
- **DATE OF NAME CHANGE:** 20190212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM EQUITY INCOME FUND/NEW/
- **DATE OF NAME CHANGE:** 19940302

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM STRATEGIC INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### PUTNAM LARGE CAP VALUE FUND (Series ID: S000005581)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000015218 | Class A Shares | PEYAX           |
| C000015220 | Class C Shares | PEQCX           |
| C000015222 | Class R Shares | PEQRX           |
| C000015223 | Class Y Shares | PEIYX           |
| C000118171 | Class R5       |  |
| C000118172 | Class R6       |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Putnam Large Cap Value Fund

- **b. Investment Company Act file number:** 811-02742

- **c. CIK number of Registrant:** 0000216934

- **d. LEI of Registrant:** CZH3VR3I6CWL6QA8GG38

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Putnam Large Cap Value Fund

- **b. EDGAR series identifier (if any):** S000005581

- **c. LEI of Series:** CZH3VR3I6CWL6QA8GG38

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $43056012443.62

**Total Liabilities:** $168810102.17

**Net Assets:** $42887202341.45

**Cash Not Reported:** $38625890.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000015223 | 3.13%                | 1.73%                | 1.09%                |
| Class ID C000015220 | 3.06%                | 1.63%                | 1.00%                |
| Class ID C000015222 | 3.09%                | 1.67%                | 1.04%                |
| Class ID C000118172 | 3.13%                | 1.73%                | 1.11%                |
| Class ID C000015218 | 3.11%                | 1.68%                | 1.08%                |
| Class ID C000118171 | 3.13%                | 1.73%                | 1.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-13181128.92            | $1229988673.74                             |
| Month 2  | $29234281.94             | $624521346.87                              |
| Month 3  | $318951190.28            | $72091303.87                               |

### Schedule of Portfolio Investments

| Name                                     | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States of America                 | U.S. Treasury Bond                         | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1196900 | PA      | $1196900.00    | 0.00%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1733312.63    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies Capital SA                 | TotalEnergies Capital SA                   | CUSIP: 89152EYC6<br>LEI: 529900QI55ZLJVCMPA71 | Long             | STIV             | CORP              | FR        |  28000000 | PA      | $27962981.20   | 0.07%             | 2025-11-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlantic Asset Securitization LLC        | Atlantic Asset Securitization LLC          | CUSIP: 04821TYJ8<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24950425.00   | 0.06%             | 2025-11-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BlackRock, Inc.                          | BlackRock, Inc.                            | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |    430142 | NS      | $465762059.02  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                        | Exxon Mobil Corp.                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   9154801 | NS      | $1046943042.36 | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                           | Alphabet, Inc., Class A                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   5569072 | NS      | $1565967355.68 | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                            | Walmart, Inc.                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   9677025 | NS      | $979121389.50  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group, Inc.                          | CME Group, Inc.                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |   2123214 | NS      | $563692084.86  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                      | Valero Energy Corp.                        | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |   2627247 | NS      | $445476001.32  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH plc                                  | CRH plc                                    | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |   5544658 | NS      | $660368767.80  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                 | U.S. Treasury Bills                        | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  29600000 | PA      | $29501370.73   | 0.07%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                         | Amazon.com, Inc.                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   4604495 | NS      | $1124509768.90 | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Asset Funding Co. LLC          | Manhattan Asset Funding Co. LLC            | CUSIP: 56274LYC2<br>LEI: 549300S0NSJYSOB32S63 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49933555.00   | 0.12%             | 2025-11-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Hilton Worldwide Holdings, Inc.          | Hilton Worldwide Holdings, Inc.            | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |   1863348 | NS      | $478805902.08  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp.                   | Northrop Grumman Corp.                     | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |   1024345 | NS      | $597654090.25  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings, Inc.       | BJ's Wholesale Club Holdings, Inc.         | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |   2590405 | NS      | $228629145.30  | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1187629.65    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                | Shell plc                                  | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |  13550035 | NS      | $508744767.70  | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $5986065.42    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                | Sanofi SA                                  | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |   5534964 | NS      | $559932711.50  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Sheffield Receivables Co. LLC            | Sheffield Receivables Co. LLC              | CUSIP: 82124LZ88<br>LEI: 549300MYF6MOTU9T3G29 | Long             | STIV             | CORP              | US        |  24800000 | PA      | $24696598.88   | 0.06%             | 2025-12-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy, Inc.                     | NextEra Energy, Inc.                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |  11993454 | NS      | $976267155.60  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                   | Southwest Airlines Co.                     | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |  18025315 | NS      | $546167044.50  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BPCE SA                                  | BPCE SA                                    | CUSIP: 05571BY64<br>LEI: 9695005MSX1OYEMGDF46 | Long             | STIV             | CORP              | FR        |  13197000 | PA      | $13188355.97   | 0.03%             | 2025-11-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1064552.47    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Allstate Corp. (The)                     | Allstate Corp. (The)                       | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |   2924776 | NS      | $560153099.52  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Cash Collateral Pool LLC          | Putnam Cash Collateral Pool LLC            | CUSIP: 99311N9A5<br>LEI: 5493005HRIV7IFMKD774 | Long             | STIV             | PF                | US        | 119486204 | NS      | $119486204.00  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Matchpoint Finance plc                   | Matchpoint Finance plc                     | CUSIP: 57666AY30<br>LEI: 635400YCKMVA7GIA6Q33 | Long             | STIV             | CORP              | IE        |  50000000 | PA      | $49983495.00   | 0.12%             | 2025-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2407591.38    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Lululemon Athletica, Inc.                | Lululemon Athletica, Inc.                  | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |    546397 | NS      | $93182544.38   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                 | U.S. Treasury Note                         | CUSIP: 91282CCB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1023800 | PA      | $1023800.00    | 0.00%             | 2031-05-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Becton Dickinson & Co.                   | Becton Dickinson & Co.                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |   2877939 | NS      | $514316478.69  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology, Inc.                 | Marvell Technology, Inc.                   | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   5141654 | NS      | $481978645.96  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Global Markets, Inc.           | Citigroup Global Markets, Inc.             | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |  38526636 | PA      | $38526636.26   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Controls International plc       | Johnson Controls International plc         | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |   5948305 | NS      | $680426608.95  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials, Inc.        | Solstice Advanced Materials, Inc.          | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |    594323 | NS      | $26786148.88   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank plc                        | Barclays Bank plc                          | CUSIP: 06741FY43<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |  50000000 | PA      | $49977930.00   | 0.12%             | 2025-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                 | U.S. Treasury Bills                        | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  60600000 | PA      | $60580802.53   | 0.14%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAFCO LLC                                | CAFCO LLC                                  | CUSIP: 1247P2Y32<br>LEI: 8O46YQAGJ63WE5QHIG35 | Long             | STIV             | CORP              | US        |  36000000 | PA      | $35988116.40   | 0.08%             | 2025-11-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The)   | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |   3055550 | NS      | $557790652.50  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $3039266.06    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1015700.21    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2846821.77    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $187170.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freeport-McMoRan, Inc.                   | Freeport-McMoRan, Inc.                     | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |  12243672 | NS      | $510561122.40  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1029368.17    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                          | Citigroup, Inc.                            | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |  15639762 | NS      | $1583213107.26 | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Asset Securitization LLC        | Atlantic Asset Securitization LLC          | CUSIP: 04821TY33<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24991747.50   | 0.06%             | 2025-11-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Victory Receivables Corp.                | Victory Receivables Corp.                  | CUSIP: 92646KZJ4<br>LEI: 549300D0F37QF0LP7F94 | Long             | STIV             | CORP              | US        |  30000000 | PA      | $29842080.00   | 0.07%             | 2025-12-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlantic Asset Securitization LLC        | Atlantic Asset Securitization LLC          | CUSIP: 04821TYL3<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |  17225000 | PA      | $17187087.78   | 0.04%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Corteva, Inc.                            | Corteva, Inc.                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |   9244828 | NS      | $568002232.32  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca plc                          | AstraZeneca plc                            | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   6798758 | NS      | $560217659.20  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                     | Otis Worldwide Corp.                       | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |   3508893 | NS      | $325484914.68  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $138321.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| McKesson Corp.                           | McKesson Corp.                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |   1163593 | NS      | $944069544.62  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.              | Capital One Financial Corp.                | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |   4481978 | NS      | $985990340.22  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BofA Securities                          | BofA Securities                            | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |   8372953 | PA      | $8372952.76    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.        | Philip Morris International, Inc.          | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |   6399873 | NS      | $923693670.09  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                            | Comcast Corp., Class A                     | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   5655166 | NS      | $157411545.61  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Securities (USA) Inc.               | HSBC Securities (USA) Inc.                 | CUSIP: N/A<br>LEI: CYYGQCGNHMHPSMRL3R97       | Long             | RA               | CORP              | US        | 147100365 | PA      | $147100364.81  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| PPL Corp.                                | PPL Corp.                                  | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |  11662528 | NS      | $425915522.56  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2437083.37    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                      | Cisco Systems, Inc.                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |  16354455 | NS      | $1195674205.05 | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Charta LLC                               | Charta LLC                                 | CUSIP: 16115VY37<br>LEI: 5493000FNFK79LCM6M65 | Long             | STIV             | CORP              | US        |  30000000 | PA      | $29990118.00   | 0.07%             | 2025-11-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $3014870.80    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                     | JPMorgan Chase & Co.                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   1640781 | NS      | $510479784.72  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                     | PPG Industries, Inc.                       | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |   2160060 | NS      | $211145865.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US, Inc.                        | T-Mobile US, Inc.                          | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |   2746143 | NS      | $576827337.15  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management, Inc.           | Apollo Global Management, Inc.             | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |   3609785 | NS      | $448732373.35  | 1.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Ball Corp.                               | Ball Corp.                                 | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |   3177756 | NS      | $149354532.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $924945.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                 | U.S. Treasury Bond                         | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1764000 | PA      | $1764000.00    | 0.00%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Securities LLC                 | JP Morgan Securities LLC                   | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        | 200000000 | PA      | $200000000.00  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Securities LLC                 | JP Morgan Securities LLC                   | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        | 100000000 | PA      | $100000000.00  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Manhattan Asset Funding Co. LLC          | Manhattan Asset Funding Co. LLC            | CUSIP: 56274LY40<br>LEI: 549300S0NSJYSOB32S63 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24988920.00   | 0.06%             | 2025-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Seagate Technology Holdings plc          | Seagate Technology Holdings plc            | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |   1846716 | NS      | $472537690.08  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                             | Target Corp.                               | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |   2486509 | NS      | $230549114.48  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                           | ConocoPhillips                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   4199380 | NS      | $373156906.80  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2815584.59    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)               | Charles Schwab Corp. (The)                 | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   7845157 | NS      | $741524239.64  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                 | U.S. Treasury Bond                         | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    438000 | PA      | $438000.00     | 0.00%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ingersoll Rand, Inc.                     | Ingersoll Rand, Inc.                       | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |   5267655 | NS      | $402080106.15  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                      | Coca-Cola Co. (The)                        | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |  14164580 | NS      | $975939562.00  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Asset Securitization LLC        | Atlantic Asset Securitization LLC          | CUSIP: 04821TYA7<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24972337.50   | 0.06%             | 2025-11-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DuPont de Nemours, Inc.                  | DuPont de Nemours, Inc.                    | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |   4158185 | NS      | $339515805.25  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $3860899.60    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1044008.86    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)               | Procter & Gamble Co. (The)                 | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   4617016 | NS      | $694260695.92  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Funds Trust                       | Putnam Short Term Investment Fund, Class P | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        | 176601682 | NS      | $176601682.20  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)          | Goldman Sachs Group, Inc. (The)            | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    722670 | NS      | $570454017.90  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | S&P 500 E-Mini Index                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       565 | NC      | $4635613.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                          | Microsoft Corp.                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   2349640 | NS      | $1216667088.40 | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                    | Bank of America Corp.                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |  19389774 | NS      | $1036383420.30 | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                           | Prologis, Inc.                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |   3508541 | NS      | $435374852.69  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                 | U.S. Treasury Note                         | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2151000 | PA      | $2151000.00    | 0.01%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States of America                 | U.S. Treasury Note                         | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1716000 | PA      | $1716000.00    | 0.00%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States of America                 | U.S. Treasury Bills                        | CUSIP: 912797SG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   6100000 | PA      | $6050820.76    | 0.01%             | 2026-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlantic Asset Securitization LLC        | Atlantic Asset Securitization LLC          | CUSIP: 04821TZ16<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |  31250000 | PA      | $31143956.25   | 0.07%             | 2025-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $4879624.44    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Honeywell International, Inc.            | Honeywell International, Inc.              | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |   2377293 | NS      | $478620399.69  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                | RTX Corp.                                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |   4796347 | NS      | $856147939.50  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                       | State Street Corp.                         | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |   1901155 | NS      | $219887587.30  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                             | AbbVie, Inc.                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |   1882466 | NS      | $410452886.64  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                     | Vornado Realty Trust                       | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   7826800 | NS      | $296948792.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.          | Regeneron Pharmaceuticals, Inc.            | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |   1082054 | NS      | $705282797.20  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                     | United Rentals, Inc.                       | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |    544816 | NS      | $474632802.88  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.       | American International Group, Inc.         | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |   5843102 | NS      | $461371333.92  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                 | UnitedHealth Group, Inc.                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |   1820910 | NS      | $621950019.60  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co.                       | General Motors Co.                         | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |  13936071 | NS      | $962843145.39  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.           | Thermo Fisher Scientific, Inc.             | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |   1620718 | NS      | $919579186.02  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp.                              | FedEx Corp.                                | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |   2376070 | NS      | $603094087.40  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies Capital SA                 | TotalEnergies Capital SA                   | CUSIP: 89152EYQ5<br>LEI: 529900QI55ZLJVCMPA71 | Long             | STIV             | CORP              | FR        |  50000000 | PA      | $49869400.00   | 0.12%             | 2025-11-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $6933920.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EURO                                     | EURO                                       | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | XX        |        -3 | OU      | $-3.02         | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.             | Charter Communications, Inc., Class A      | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |    877134 | NS      | $205109014.56  | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Accenture plc                            | Accenture plc, Class A                     | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |   2652811 | NS      | $663468031.10  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup, Inc.                         | PulteGroup, Inc.                           | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   6766632 | NS      | $811116177.84  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                      | Societe Generale SA                        | CUSIP: 83369BYH3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | STIV             | CORP              | FR        |  25000000 | PA      | $24953117.50   | 0.06%             | 2025-11-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                           | BNP Paribas SA                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | RA               | CORP              | US        |  12759332 | PA      | $12759332.46   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| QUALCOMM, Inc.                           | QUALCOMM, Inc.                             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |   1963047 | NS      | $355115202.30  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank plc                        | Barclays Bank plc                          | CUSIP: 06741FY43<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |  25000000 | PA      | $24988965.00   | 0.06%             | 2025-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                         | NRG Energy, Inc.                           | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |   2572757 | NS      | $442154018.02  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                     | American Tower Corp.                       | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    791425 | NS      | $141649246.50  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                         | Novo Nordisk A/S                           | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |   7490835 | NS      | $370496699.10  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co.                     | Eastman Chemical Co.                       | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |   2248396 | NS      | $133824529.92  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Street Funding LLC               | Liberty Street Funding LLC                 | CUSIP: 53127TY31<br>LEI: 549300F33VRHM10B9391 | Long             | STIV             | CORP              | US        |  73000000 | PA      | $72975837.00   | 0.17%             | 2025-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Putnam Large Cap Value Fund

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer