COMMON STOCK

NPORT-P false 0001845809 XXXXXXXX S000071710 C000227196 Putnam ETF Trust 811-23643 0001845809 549300EMFKH8ETCKNO35 100 FEDERAL STREET BOSTON 02110 1-800-225-1581 Putnam Focused Large Cap Value ETF S000071710 549300I6YUFRH81I6G12 2025-08-31 2025-02-28 N 2240121984.72 9777381.34 2230344603.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N T-MOBILE US INC 549300QHIJYOHPACPG31 COMMON STOCK 872590104 157145 NS USD 42380435.05 1.900174304274 Long EC CORP US N 1 N N N NRG ENERGY INC 5E2UPK5SW04M13XY7I38 COMMON STOCK 629377508 354759 NS USD 37501573.89 1.681425096074 Long EC CORP US N 1 N N N PHILIP MORRIS INTERNATIONAL INC HL3H1H2BGXWVG3BSWR90 COMMON STOCK 718172109 454985 NS USD 70650070.8 3.167675106943 Long EC CORP US N 1 N N N JOHNSON CONTROLS INTERNATIONAL PLC 549300XQ6S1GYKGBL205 COMMON STOCK G51502105 424677 NS USD 36377831.82 1.631040860907 Long EC CORP US N 1 N N N MCKESSON CORP 549300WZWOM80UCFSF54 COMMON STOCK 58155Q103 94030 NS USD 60203647.8 2.699298023679 Long EC CORP US N 1 N N N VALERO ENERGY CORP 549300XTO5VR8SKV1V74 COMMON STOCK 91913Y100 219468 NS USD 28691051.64 1.286395456408 Long EC CORP US N 1 N N N REGENERON PHARMACEUTICALS INC 549300RCBFWIRX3HYQ56 COMMON STOCK 75886F107 29810 NS USD 20829439.4 0.933911260553 Long EC CORP US N 1 N N N EXXON MOBIL CORP J3WHBG0MTS7O8ZVMDC91 COMMON STOCK 30231G102 720713 NS USD 80236978.29 3.597514848995 Long EC CORP US N 1 N N N GENERAL MOTORS CO 54930070NSV60J38I987 COMMON STOCK 37045V100 844720 NS USD 41501093.6 1.860748044822 Long EC CORP US N 1 N N N ABBVIE INC FR5LCKFTG8054YNNRU85 COMMON STOCK 00287Y109 156628 NS USD 32739950.84 1.467932389933 Long EC CORP US N 1 N N N GAMING AND LEISURE PROPERTIES INC 5493006GWRDBCZYWTM57 COMMON STOCK 36467J108 655404 NS USD 32868510.6 1.473696510859 Long EC CORP US N 1 N N N HILTON WORLDWIDE HOLDINGS INC 549300HVGPK36ICB0B89 COMMON STOCK 43300A203 250526 NS USD 66379368.96 2.976193403463 Long EC CORP US N 1 N N N CHARTER COMMUNICATIONS INC 0J0XRGZE3PBRFEZ7MV65 COMMON STOCK 16119P108 62669 NS USD 22784568.33 1.021571657383 Long EC CORP US N 1 N N N INGERSOLL RAND INC 5299004C02FMZCUOIR50 COMMON STOCK 45687V106 470528 NS USD 39891363.84 1.788574006892 Long EC CORP US N 1 N N N BJ'S WHOLESALE CLUB HOLDINGS INC 549300UCIWH1C93V0J03 COMMON STOCK 05550J101 438336 NS USD 44385903.36 1.990091723626 Long EC CORP US N 1 N N N CORTEVA INC 549300WZN9I2QKLS0O94 COMMON STOCK 22052L104 499952 NS USD 31486976.96 1.411753901725 Long EC CORP US N 1 N N N APOLLO ASSET MANAGEMENT INC 54930054P2G7ZJB0KM79 COMMON STOCK 03769M106 287541 NS USD 42921245.07 1.924422127646 Long EC CORP US N 1 N N N CAPITAL ONE FINANCIAL CORP ZUE8T73ROZOF6FLBAR73 COMMON STOCK 14040H105 376278 NS USD 75462552.9 3.383448135592 Long EC CORP US N 1 N N N CHARLES SCHWAB CORP/THE 549300VSGCJ7E698NM85 COMMON STOCK 808513105 533566 NS USD 42434503.98 1.902598545350 Long EC CORP US N 1 N N N NORTHROP GRUMMAN CORP RIMU48P07456QXSO0R61 COMMON STOCK 666807102 90846 NS USD 41947232.04 1.880751161799 Long EC CORP US N 1 N N N SOUTHWEST AIRLINES CO UDTZ87G0STFETI6HGH41 COMMON STOCK 844741108 1733653 NS USD 53847262.18 2.414302350347 Long EC CORP US N 1 N N N UNITED RENTALS INC 5323X5O7RN0NKFCDRY08 COMMON STOCK 911363109 31406 NS USD 20172701.92 0.904465699584 Long EC CORP US N 1 N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 COMMON STOCK 060505104 1880635 NS USD 86697273.5 3.887169425254 Long EC CORP US N 1 N N N EASTMAN CHEMICAL CO FDPVHDGJ1IQZFK9KH630 COMMON STOCK 277432100 281997 NS USD 27593406.45 1.237181304105 Long EC CORP US N 1 N N N PULTEGROUP INC N/A COMMON STOCK 745867101 407028 NS USD 42037851.84 1.884814202096 Long EC CORP US N 1 N N N UNITEDHEALTH GROUP INC 549300GHBMY8T5GXDE41 COMMON STOCK 91324P102 121475 NS USD 57695766 2.586854332412 Long EC CORP US N 1 N N N BALL CORP 0BGI85ALH27ZJP15DY16 COMMON STOCK 058498106 438975 NS USD 23129592.75 1.037041213947 Long EC CORP US N 1 N N N AMERICAN INTERNATIONAL GROUP INC ODVCVCQG2BP6VHV36M30 COMMON STOCK 026874784 826308 NS USD 68533985.52 3.072798051765 Long EC CORP US N 1 N N N WALMART INC Y87794H0US1R65VBXU25 COMMON STOCK 931142103 911020 NS USD 89835682.2 4.027883496759 Long EC CORP US N 1 N N N PPL CORP 9N3UAJSNOUXFKQLF3V18 COMMON STOCK 69351T106 1166933 NS USD 41087710.93 1.842213569505 Long EC CORP US N 1 N N N QUALCOMM INC H1J8DDZKZP6H7RWC0H53 COMMON STOCK 747525103 219470 NS USD 34494099.9 1.546581629040 Long EC CORP US N 1 N N N COCA-COLA CO/THE UWJKFUJFZ02DKWI3RY53 COMMON STOCK 191216100 939284 NS USD 66886413.64 2.998927319973 Long EC CORP US N 1 N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 COMMON STOCK 172967424 1229206 NS USD 98275019.7 4.406270652145 Long EC CORP US N 1 N N N ORACLE CORP 1Z4GXXU7ZHVWFCD8TV52 COMMON STOCK 68389X105 424745 NS USD 70533154.7 3.162433042563 Long EC CORP US N 1 N N N MICROSOFT CORP INR2EJN1ERAN0W5ZP974 COMMON STOCK 594918104 125259 NS USD 49726570.41 2.229546516483 Long EC CORP US N 1 N N N CONOCOPHILLIPS WPTL2Z3FIYTHSP5V2253 COMMON STOCK 20825C104 470532 NS USD 46653247.8 2.091750652769 Long EC CORP US N 1 N N N THERMO FISHER SCIENTIFIC INC HCHV7422L5HDJZCRFL38 COMMON STOCK 883556102 124902 NS USD 66068161.92 2.962240087033 Long EC CORP US N 1 N N N GOLDMAN SACHS GROUP INC/THE 784F5XWPLTWKTBV3E584 COMMON STOCK 38141G104 89032 NS USD 55403723.28 2.484088028204 Long EC CORP US N 1 N N N NEXTERA ENERGY INC 254900RHL9MEUS5NKX63 COMMON STOCK 65339F101 493659 NS USD 34640052.03 1.553125556367 Long EC CORP US N 1 N N N FEDEX CORP 549300E707U7WNPZN687 COMMON STOCK 31428X106 187976 NS USD 49418890.4 2.215751338395 Long EC CORP US N 1 N N N FREEPORT-MCMORAN INC 549300IRDTHJQ1PVET45 COMMON STOCK 35671D857 1034865 NS USD 38196867.15 1.712599348652 Long EC CORP US N 1 N N N ASTRAZENECA PLC PY6ZZQWO2IZFZC3IOL08 COMMON STOCK - ADR 046353108 476015 NS USD 36277103.15 1.626524578094 Long EC CORP GB N 1 N N N SANOFI SA 549300E9PC51EN656011 COMMON STOCK - ADR 80105N105 971519 NS USD 52918639.93 2.372666530994 Long EC CORP FR N 1 N N N ISHARES RUSSELL 1000 VALUE ETF 549300KLSYN5NN4YNM90 EXCHANGE TRADED FUND 464287598 70178 NS USD 13640497.86 0.611587009442 Long EC RF US N 1 N N N NXP SEMICONDUCTORS NV 724500M9BY5293JDF951 ORDINARY SHARES N6596X109 249551 NS USD 53800700.09 2.412214686856 Long EC CORP NL N 1 N N N PUTNAM INVESTMENT FUNDS-PUTNAM GOVERNMENT MONEY MARKET FUND 549300SEUI2XMME8T893 SHORT TERM INV FUND 74680A869 58989509 NS USD 58989509 2.644860749808 Long STIV PF US N 1 N N N 2025-04-29 Putnam ETF Trust Kevin R Blatchford Kevin R Blatchford Assistant Treasurer