Vault-13

PUTNAM ETF TRUST PVAL

FOCUSED LAR CAP · ETP · CUSIP 746729300

148 institutional holders +30 vs Q4 2024
53,783,18553.8m shares reported held*
$2.0bnreported value*
33 new 84 added 19 reduced 4 sold out net bought ≈ $675.9m (+17.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $38.07.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 12Q4 22: 21Q1 23: 23Q2 23: 21Q3 23: 27Q4 23: 35Q1 24: 39Q2 24: 64Q3 24: 97Q4 24: 118Q1 25: 148148Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202212
Q4 202221
Q1 202323
Q2 202321
Q3 202327
Q4 202335
Q1 202439
Q2 202464
Q3 202497
Q4 2024118
Q1 2025148

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q2 23: 11 bought or addedQ2 23: 14 cut or sold outQ3 23: 19 bought or addedQ3 23: 10 cut or sold outQ3 23Q4 23: 23 bought or addedQ4 23: 11 cut or sold outQ1 24: 29 bought or addedQ1 24: 14 cut or sold outQ1 24Q2 24: 51 bought or addedQ2 24: 9 cut or sold outQ3 24: 78 bought or addedQ3 24: 16 cut or sold outQ3 24Q4 24: 92 bought or addedQ4 24: 23 cut or sold outQ1 25: 117 bought or addedQ1 25: 23 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20231114
Q3 20231910
Q4 20232311
Q1 20242914
Q2 2024519
Q3 20247816
Q4 20249223
Q1 202511723

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +2,771,726+2.8m
MORGAN STANLEY Added +2,622,331+2.6m
COMMONWEALTH EQUITY SERVICES, LLC Added +2,523,936+2.5m
HighTower Advisors, LLC Added +1,247,125+1.2m
UBS Group AG Added +919,620+919.6k
STIFEL FINANCIAL CORP Added +918,869+918.9k
GLENMEDE TRUST CO NA Added +708,118+708.1k
ENVESTNET ASSET MANAGEMENT INC Added +609,468+609.5k
Modern Wealth Management, LLC New +511,520+511.5k
Cetera Investment Advisers Added +483,625+483.6k

Biggest sellers

GGM Financial LLC Reduced -353,410-353.4k
MML INVESTORS SERVICES, LLC Reduced -69,180-69.2k
Patriot Financial Group Insurance Agency, LLC Reduced -56,882-56.9k
Turtle Creek Wealth Advisors, LLC Sold out -51,580-51.6k
Provident Wealth Management, LLC Reduced -21,038-21.0k
Atria Investments, Inc Reduced -20,432-20.4k
SteelPeak Wealth, LLC Reduced -17,679-17.7k
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Reduced -13,210-13.2k
BANK OF MONTREAL /CAN/ Sold out -12,788-12.8k
CITADEL ADVISORS LLC Sold out -11,861-11.9k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 8,512,9928.5m $324.2m $324.2m 0.03% Added +2.8m +2,771,726
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,031,8825.0m $191.6m $191.6m 0.01% Added +2.6m +2,622,331
3 GLENMEDE TRUST CO NA 0.91% of their portfolio PHILADELPHIA, PA 4,465,4154.5m $170.0m $170.0m 0.91% Added +708.1k +708,118
4 UBS Group AG 0.03% of their portfolio ZURICH, V8 3,822,2803.8m $145.6m $145.6m 0.03% Added +919.6k +919,620
5 COMMONWEALTH EQUITY SERVICES, LLC 0.20% of their portfolio WALTHAM, MA 3,750,9513.8m $142.8m $142.8m 0.20% Added +2.5m +2,523,936
6 Cetera Investment Advisers 0.21% of their portfolio SCHAUMBURG, IL 2,794,2482.8m $106.4m $106.4m 0.21% Added +483.6k +483,625
7 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 2,041,6572.0m $77.7m $77.7m 0.08% Added +918.9k +918,869
8 Amplius Wealth Advisors, LLC 7.46% of their portfolio BLUE BELL, PA 1,883,9581.9m $71.7m $71.7m 7.46% Added +156.2k +156,167
9 CWM, LLC 0.28% of their portfolio OMAHA, NE 1,850,9211.9m $70.5m $70.5m 0.28% Added +170.2k +170,196
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,724,1871.7m $65.7m $65.7m 0.05% Added +352.1k +352,062
11 Opal Wealth Advisors, LLC 16.78% of their portfolio JERICHO, NY 1,429,5091.4m $54.4m $54.4m 16.78% Added +214.6k +214,557
12 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 1,332,5251.3m $50.7m $50.7m 0.07% Added +1.2m +1,247,125
13 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 1,080,0781.1m $41.1m $41.1m 0.08% Reduced -7.9k -7,935
14 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,044,1691.0m $39.8m $39.8m 0.01% Added +609.5k +609,468
15 Harbor Group, Inc. 5.70% of their portfolio BEDFORD, NH 749,153749.2k $28.5m $28.5m 5.70% Added +396.6k +396,597
16 Allegheny Financial Group 4.99% of their portfolio Pittsburgh, PA 511,611511.6k $19.5m $19.5m 4.99% Added +165.3k +165,282
17 Modern Wealth Management, LLC 0.62% of their portfolio KANSAS CITY, MO 511,520511.5k $19.5m $19.5m 0.62% New
18 Sowa Financial Group, Inc. 12.28% of their portfolio LINCOLN, RI 491,201491.2k $18.7m $18.7m 12.28% Added +32.8k +32,781
19 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 469,766469.8k $17.9m $17.9m 0.03% Added +383.9k +383,927
20 Kestra Advisory Services, LLC 0.08% of their portfolio AUSTIN, TX 440,814440.8k $16.8m $16.8m 0.08% Added +32.3k +32,349
21 Arete Wealth Advisors, LLC 1.15% of their portfolio CHICAGO, IL 395,359395.4k $15.1m $15.1m 1.15% Added +28.6k +28,571
22 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 381,012381.0k $14.5m $14.5m 0.04% Added +164.8k +164,798
23 Sanctuary Advisors, LLC 0.10% of their portfolio INDIANAPOLIS, IN 378,447378.4k $14.4m $14.4m 0.10% Reduced -8.5k -8,494
24 Wealthspire Advisors, LLC 0.08% of their portfolio NEW YORK, NY 371,755371.8k $14.2m $14.2m 0.08% Added +41.5k +41,466
25 AdvisorNet Financial, Inc 1.04% of their portfolio MINNETONKA, MN 368,300368.3k $14.0m $14.0m 1.04% Added +110.5k +110,504
26 Keystone Financial Services, LLC 10.50% of their portfolio OMAHA, NE 325,530325.5k $12.4m $12.4m 10.50% Added +21.6k +21,604
27 Geneos Wealth Management Inc. 0.17% of their portfolio ENGLEWOOD, CO 311,437311.4k $11.9m $11.9m 0.17% New
28 BAKER TILLY WEALTH MANAGEMENT, LLC 4.24% of their portfolio MADISON, WI 284,173284.2k $10.8m $10.8m 4.24% Added +193.3k +193,259
29 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 280,109280.1k $10.7m $10.7m 0.04% Added +53.8k +53,768
30 Redhawk Wealth Advisors, Inc. 1.37% of their portfolio MINNEAPOLIS, MN 266,905266.9k $10.2m $10.2m 1.37% Added +26.3k +26,344
31 Capital Analysts, LLC 0.36% of their portfolio FORT WASHINGTON, PA 250,997251.0k $9.6m $9.6m 0.36% Added +186.7k +186,734
32 AVANTAX ADVISORY SERVICES, INC. 0.05% of their portfolio DALLAS, TX 225,030225.0k $8.6m $8.6m 0.05% Added +104.8k +104,800
33 Steward Partners Investment Advisory, LLC 0.07% of their portfolio STAMFORD, CT 221,810221.8k $8.4m $8.4m 0.07% Added +132.3k +132,333
34 Empire Life Investments Inc. 0.51% of their portfolio Toronto, A6 205,130205.1k $7.8m $7.8m 0.51% Added +6.6k +6,625
35 BridgePort Financial Solutions, LLC 3.41% of their portfolio FAIRFIELD, IA 198,467198.5k $7.6m $7.6m 3.41% Added +4.8k +4,794
36 Embree Financial Group 1.20% of their portfolio Chicago, IL 187,608187.6k $7.1m $7.1m 1.20% Added +146.0k +146,032
37 IVC Wealth Advisors LLC 3.74% of their portfolio SILVERDALE, PA 182,596182.6k $7.0m $7.0m 3.74% New
38 StoneCrest Wealth Management, Inc. 4.34% of their portfolio CHANDLER, AZ 179,181179.2k $6.8m $6.8m 4.34% Added +4.3k +4,347
39 ERn Financial, LLC 1.06% of their portfolio MIDDLETON, WI 176,994177.0k $6.7m $6.7m 1.06% Added +7.0k +7,045
40 Haverford Trust Co 0.07% of their portfolio Radnor, PA 176,103176.1k $6.7m $6.7m 0.07% New
41 SAX WEALTH ADVISORS, LLC 0.43% of their portfolio PARSIPPANY, NJ 156,086156.1k $5.9m $5.9m 0.43% Added +67.4k +67,438
42 Coign Capital Advisors LLC 4.54% of their portfolio Draper, UT 154,828154.8k $5.9m $5.9m 4.54% Added +7.4k +7,360
43 Foundry Financial Group, Inc. 3.62% of their portfolio LACONIA, NH 154,396154.4k $5.9m $5.9m 3.62% Added +4.8k +4,766
44 Prosperity Financial Group, Inc. 2.85% of their portfolio San Ramon, CA 150,145150.1k $5.7m $5.7m 2.85% Added +14.1k +14,147
45 Cannon Wealth Management Services, LLC 4.94% of their portfolio WINSTON SALEM, NC 148,736148.7k $5.5m $5.5m 4.94% Added +9.1k +9,066
46 New England Private Wealth Advisors LLC 0.84% of their portfolio WELLESLEY, MA 142,420142.4k $5.4m $5.4m 0.84% Added +25.8k +25,809
47 Atria Investments, Inc 0.07% of their portfolio Charlotte, NC 139,159139.2k $5.3m $5.3m 0.07% Reduced -20.4k -20,432
48 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 138,551138.6k $5.3m $5.3m 0.00% Added +53.5k +53,460
49 CASTLE WEALTH MANAGEMENT LLC 2.03% of their portfolio BOYNTON BEACH, FL 135,867135.9k $5.2m $5.2m 2.03% New
50 Integrated Advisors Network LLC 0.26% of their portfolio DALLAS, TX 134,817134.8k $5.1m $5.1m 0.26% Reduced -3.0k -3,030
51 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 132,996133.0k $5.1m $5.1m 0.00% Added +53.5k +53,505
52 Sovran Advisors, LLC 0.58% of their portfolio SAN DIEGO, CA 126,964127.0k $4.5m $4.5m 0.58% Added +16.6k +16,616
53 Per Stirling Capital Management, LLC. 0.69% of their portfolio AUSTIN, TX 126,859126.9k $4.8m $4.8m 0.69% Added +836 +836
54 Able Wealth Management LLC 2.75% of their portfolio Toms River, NJ 121,610121.6k $4.6m $4.6m 2.75% Added +42.4k +42,377
55 Tempus Wealth Planning, LLC 1.25% of their portfolio IRVINE, CA 109,520109.5k $4.2m $4.2m 1.25% Added +2.0k +2,000
56 CENTRAL TRUST Co 0.10% of their portfolio JEFFERSON CITY, MO 102,921102.9k $3.9m $3.9m 0.10% Added +12.7k +12,700
57 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.03% of their portfolio NEW YORK, NY 102,225102.2k $3.9m $3.9m 0.03% New
58 Atria Wealth Solutions, Inc. 0.04% of their portfolio NEW YORK, NY 90,48790.5k $3.4m $3.4m 0.04% Reduced -6.3k -6,347
59 Midwest Capital Advisors, LLC 2.10% of their portfolio Grand Rapids, MI 89,99290.0k $3.4m $3.4m 2.10% Added +10.3k +10,326
60 J.W. COLE ADVISORS, INC. 0.10% of their portfolio TAMPA, FL 82,32382.3k $3.1m $3.1m 0.10% New
61 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 82,21182.2k $3.1m $3.1m 0.01% New
62 HARBOUR INVESTMENTS, INC. 0.08% of their portfolio MADISON, WI 77,58777.6k $3.0m $3.0m 0.08% Added +20.2k +20,211
63 SeaCrest Wealth Management, LLC 0.33% of their portfolio PURCHASE, NY 76,35576.4k $2.9m $2.9m 0.33% Added +14.2k +14,250
64 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 73,47173.5k $2.8m $2.8m 0.00% Added +9.4k +9,442
65 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 73,27873.3k $2.8m $2.8m 0.00% Added +7.6k +7,585
66 Sigma Planning Corp 0.09% of their portfolio ANN ARBOR, MI 71,24971.2k $2.7m $2.7m 0.09% Reduced -1.9k -1,874
67 Provident Wealth Management, LLC 0.87% of their portfolio BRENTWOOD, TN 66,01466.0k $2.5m $2.5m 0.87% Reduced -21.0k -21,038
68 KESTRA PRIVATE WEALTH SERVICES, LLC 0.04% of their portfolio AUSTIN, TX 65,86265.9k $2.5m $2.5m 0.04% Added +6.0k +6,048
69 Essex Financial Services, Inc. 0.17% of their portfolio ESSEX, CT 62,96963.0k $2.4m $2.4m 0.17% Added +34.8k +34,818
70 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 62,49962.5k $2.4m $2.4m 0.00% New
71 GGM Financial LLC 1.54% of their portfolio COLUMBUS, OH 59,22559.2k $2.3m $2.3m 1.54% Reduced -353.4k -353,410
72 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 56,31256.3k $2.1m $2.1m 0.02% Reduced -6.0k -6,020
73 Rollins Financial Advisors, LLC 0.37% of their portfolio ATLANTA, GA 55,78355.8k $2.1m $2.1m 0.37% Added +39.1k +39,137
74 Patriot Financial Group Insurance Agency, LLC 0.28% of their portfolio Westborough, MA 53,85353.9k $2.1m $2.1m 0.28% Reduced -56.9k -56,882
75 Synergy Asset Management, LLC 0.26% of their portfolio VANCOUVER, WA 53,53853.5k $2.0m $2.0m 0.26% Added +43.6k +43,567
76 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 42,18742.2k $1.6m $1.6m 0.01% Added +13.0k +12,960
77 WealthCare Investment Partners, LLC 0.60% of their portfolio PORTSMOUTH, RI 40,68240.7k $1.4m $1.4m 0.60% Reduced -2.2k -2,166
78 StoneX Group Inc. 0.08% of their portfolio NEW YORK, NY 36,04636.0k $1.4m $1.4m 0.08% Added +2.6k +2,647
79 Wealthcare Advisory Partners LLC 0.04% of their portfolio WEST CHESTER, PA 34,94434.9k $1.3m $1.3m 0.04% Added +2.9k +2,876
80 MGO ONE SEVEN LLC 0.05% of their portfolio Beachwood, OH 33,39933.4k $1.3m $1.3m 0.05% Added +15.5k +15,474
81 SILVER OAK SECURITIES, INCORPORATED 0.11% of their portfolio JACKSON, TN 31,48931.5k $1.2m $1.2m 0.11% Added +1.4k +1,393
82 SENTINEL PENSION ADVISORS, LLC 0.21% of their portfolio WAKEFIELD, MA 30,58630.6k $1.2m $1.2m 0.21% Added +1.0k +1,032
83 Dynamic Advisor Solutions LLC 0.03% of their portfolio PHOENIX, AZ 27,60527.6k $1.1m $1.1m 0.03% Added +4.0k +4,023
84 Belpointe Asset Management LLC 0.05% of their portfolio RENO, NV 27,43027.4k $1.0m $1.0m 0.05% Added +2.1k +2,131
85 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 26,28226.3k $1.0m $1.0m 0.00% New
86 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 24,80024.8k $944.4k $944.4k 0.00% New
87 SteelPeak Wealth, LLC 0.04% of their portfolio WOODLAND HILLS, CA 23,13123.1k $880.8k $880.8k 0.04% Reduced -17.7k -17,679
88 Trademark Financial Management, LLC 0.66% of their portfolio Bloomington, MN 22,85622.9k $870.4k $870.4k 0.66% New
89 Cox Capital Mgt LLC 0.63% of their portfolio ANDOVER, MA 22,77922.8k $867.4k $867.4k 0.63% Added +2.1k +2,112
90 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 21,67421.7k $825.3k $825.3k 0.00% Reduced -1.6k -1,609
91 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 21,58821.6k $822.1k $822.1k 0.03% Added +3.9k +3,900
92 Kingsman Wealth Management, Inc. 0.58% of their portfolio PENSACOLA, FL 21,00121.0k $799.7k $799.7k 0.58% First filing
93 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 20,70020.7k $788.3k $788.3k 0.01% Added +3.0k +3,000
94 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 19,39819.4k $739.0k $739.0k 0.00% Reduced -69.2k -69,180
95 Cyndeo Wealth Partners, LLC 0.04% of their portfolio ST. PETERSBURG, FL 17,47917.5k $665.6k $665.6k 0.04% New
96 Blueprint Investment Partners LLC 0.12% of their portfolio GREENSBORO, NC 17,25417.3k $657.0k $657.0k 0.12% New
97 Patten Group, Inc. 0.15% of their portfolio CHATTANOOGA, TN 16,99617.0k $647.2k $647.2k 0.15% New
98 Barnes Wealth Management Group, Inc 0.39% of their portfolio Bakersfield, CA 15,81515.8k $602.2k $602.2k 0.39% Added +578 +578
99 Avantax Planning Partners, Inc. 0.02% of their portfolio DUBUQUE, IA 14,33314.3k $545.8k $545.8k 0.02% Unchanged
100 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 14,28514.3k $544.0k $544.0k 0.01% New