Apple, Meta, Exxon Stakes Hiked By Putnam Investments In Q1 While AI-Focused Chipmaker Holdings Trimmed
Portfolio Pulse from Bhavik Nair
Putnam Investments increased its stakes in Apple, Meta Platforms, and Exxon Mobil in Q1, while reducing holdings in Microsoft, NVIDIA, and Walmart. Meta shares have nearly doubled this year, and Apple stock has gained over 39%. Exxon reported record Q1 earnings of $11.4 billion, but its stock has underperformed with a YTD loss of 1.45%.
May 23, 2023 | 7:11 am
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NEUTRAL IMPACT
Putnam Investments reduced its holdings in Microsoft, which has experienced significant gains this year, up over 34% YTD.
Putnam Investments reduced its holdings in Microsoft, which has experienced significant gains this year. The reduction in holdings may not have a significant short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Putnam Investments trimmed its stake in NVIDIA, which has gained over 117% YTD on the back of an AI-computing wave.
Putnam Investments trimmed its stake in NVIDIA, which has experienced significant gains this year. The reduction in holdings may not have a significant short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Putnam Investments decreased its stake in Walmart.
Putnam Investments decreased its stake in Walmart. The reduction in holdings may not have a significant short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Putnam Investments increased its stake in Exxon Mobil, which reported record Q1 earnings of $11.4 billion but has underperformed with a YTD loss of 1.45%.
Putnam Investments increased its stake in Exxon Mobil, which reported record Q1 earnings. However, the stock has underperformed with a YTD loss of 1.45%, making the short-term impact neutral.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Putnam Investments increased its stake in Apple, which has gained over 39% this year.
Putnam Investments' increased stake in Apple indicates a positive outlook for the company. Apple's stock has gained over 39% this year, which may lead to a continued upward trend in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Putnam Investments raised its stake in Meta Platforms, whose shares have nearly doubled this year.
Putnam Investments' increased stake in Meta Platforms suggests a positive outlook for the company. Meta's shares have nearly doubled this year, which may lead to a continued upward trend in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100