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        <name>Novonesis Novozymes</name>
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        <name>Crowdstrike Holdings, Inc.</name>
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        <name>N/A</name>
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        <name>Vita Coco Co., Inc. (The)</name>
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        <name>Xylem, Inc.</name>
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        <name>Hilton Worldwide Holdings, Inc.</name>
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        <name>Planet Labs PBC</name>
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        <name>Snowflake, Inc.</name>
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        <name>GE Vernova, Inc.</name>
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        <name>Republic Services, Inc.</name>
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        <name>CH Robinson Worldwide, Inc.</name>
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        <name>Mettler-Toledo International, Inc.</name>
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        <name>N/A</name>
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        <name>Pinterest, Inc.</name>
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        <name>Argenx SE</name>
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        <name>Trimble, Inc.</name>
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        <name>Mastercard, Inc.</name>
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      <invstOrSec>
        <name>Marvell Technology, Inc.</name>
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      <invstOrSec>
        <name>KKR &amp; Co., Inc.</name>
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        <name>ASML Holding NV</name>
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        <name>N/A</name>
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        <name>Trade Desk, Inc. (The)</name>
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        <name>Casella Waste Systems, Inc.</name>
        <lei>8EU0XUFVJ48U37IIDH51</lei>
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        <name>Trane Technologies plc</name>
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        <name>N/A</name>
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        <curCd>N/A</curCd>
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        <name>N/A</name>
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        <name>Viking Holdings Ltd.</name>
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        <name>Veeva Systems, Inc.</name>
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        <name>Vertiv Holdings Co.</name>
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        <name>Canadian Dollar</name>
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        <name>Danish Krone</name>
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        <name>ROBLOX Corp.</name>
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        <name>N/A</name>
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        <name>Birkenstock Holding plc</name>
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        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="28870"/>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Toronto Dominion Bank</counterpartyName>
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      <invstOrSec>
        <name>SharkNinja, Inc.</name>
        <lei>N/A</lei>
        <title>SharkNinja, Inc.</title>
        <cusip>N/A</cusip>
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          <isin value="KYG8068L1086"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Simpson Manufacturing Co., Inc.</name>
        <lei>529900EJUNNL15LZ8056</lei>
        <title>Simpson Manufacturing Co., Inc.</title>
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          <isin value="US8290731053"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="26756"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>State Street Bank and Trust</counterpartyName>
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      <invstOrSec>
        <name>Federal Signal Corp.</name>
        <lei>549300RTXZRPTNP6G884</lei>
        <title>Federal Signal Corp.</title>
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          <isin value="US3138551086"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="26747"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Morgan Stanley &amp; Co. International</counterpartyName>
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      <invstOrSec>
        <name>Broadcom, Inc.</name>
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        <title>Broadcom, Inc.</title>
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          <isin value="US11135F1012"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Datadog, Inc.</name>
        <lei>549300F6JNO0KRPO1K63</lei>
        <title>Datadog, Inc., Class A</title>
        <cusip>23804L103</cusip>
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          <isin value="US23804L1035"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Roper Technologies, Inc.</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>Roper Technologies, Inc.</title>
        <cusip>776696106</cusip>
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          <isin value="US7766961061"/>
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        <balance>7100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2635733.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp.</title>
        <cusip>14040H105</cusip>
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          <isin value="US14040H1059"/>
          <other otherDesc="Inhouse Asset ID" value="31454"/>
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        <balance>22700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4969711.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HubSpot, Inc.</name>
        <lei>529900BLNVEW0MVKJB37</lei>
        <title>HubSpot, Inc.</title>
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          <isin value="US4435731009"/>
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        <balance>8400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2352000.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Cava Group, Inc.</name>
        <lei>N/A</lei>
        <title>Cava Group, Inc.</title>
        <cusip>148929102</cusip>
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          <isin value="US1489291021"/>
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        <balance>72500.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Aon plc</name>
        <lei>635400FALWQYX5E6QC64</lei>
        <title>Aon plc, Class A</title>
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          <isin value="IE00BLP1HW54"/>
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        <balance>7440.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Life Time Group Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Life Time Group Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Alnylam Pharmaceuticals, Inc.</name>
        <lei>529900S3ZI14OWRJII50</lei>
        <title>Alnylam Pharmaceuticals, Inc.</title>
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          <isin value="US02043Q1076"/>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>N/A</name>
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        <name>Keurig Dr. Pepper, Inc.</name>
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        <name>Ascendis Pharma A/S</name>
        <lei>549300B66JN3W3J8GH73</lei>
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        <invCountry>DK</invCountry>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Ulta Beauty, Inc.</name>
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        <name>Dexcom, Inc.</name>
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        <name>N/A</name>
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        <name>Quanta Services, Inc.</name>
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        <name>Accenture plc</name>
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      <invstOrSec>
        <name>Constellation Energy Corp.</name>
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        <title>Constellation Energy Corp.</title>
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      <invstOrSec>
        <name>N/A</name>
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        <name>Penumbra, Inc.</name>
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        <name>TPG, Inc.</name>
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        <name>N/A</name>
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        <name>Edwards Lifesciences Corp.</name>
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        <name>Vistra Corp.</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>Vistra Corp.</title>
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        <name>FirstService Corp.</name>
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        <title>FirstService Corp.</title>
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        <name>Verisk Analytics, Inc.</name>
        <lei>549300I1YSWNIRKBWP67</lei>
        <title>Verisk Analytics, Inc., Class A</title>
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      <invstOrSec>
        <name>Duolingo, Inc.</name>
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        <name>Guidewire Software, Inc.</name>
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        <name>N/A</name>
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        <name>ServiceNow, Inc.</name>
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        <name>Putnam Short Term Investment Fund</name>
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        <name>Coinbase Global, Inc.</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>United States of America</name>
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        <name>First Watch Restaurant Group, Inc.</name>
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        <name>Hasbro, Inc.</name>
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        <name>N/A</name>
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        <name>Thermo Fisher Scientific, Inc.</name>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3929376.00000000</valUSD>
        <pctVal>1.157078535682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Rock Coffee Bar, Inc.</name>
        <lei>N/A</lei>
        <title>Black Rock Coffee Bar, Inc., Class A</title>
        <cusip>092244102</cusip>
        <identifiers>
          <isin value="US0922441029"/>
          <other otherDesc="Inhouse Asset ID" value="1514241"/>
        </identifiers>
        <balance>216900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3233979.00000000</valUSD>
        <pctVal>0.952305833228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HA Sustainable Infrastructure Capital, Inc.</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>HA Sustainable Infrastructure Capital, Inc.</title>
        <cusip>41068X100</cusip>
        <identifiers>
          <isin value="US41068X1000"/>
          <other otherDesc="Inhouse Asset ID" value="547260"/>
        </identifiers>
        <balance>122400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4211784.00000000</valUSD>
        <pctVal>1.240238873380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian Pacific Kansas City Ltd.</name>
        <lei>N/A</lei>
        <title>Canadian Pacific Kansas City Ltd.</title>
        <cusip>13646K108</cusip>
        <identifiers>
          <isin value="CA13646K1084"/>
          <other otherDesc="Inhouse Asset ID" value="217637"/>
        </identifiers>
        <balance>38000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2824920.00000000</valUSD>
        <pctVal>0.831850730757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Putnam Investment Funds</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
