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Putnam 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal Putnam voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

1,421 proposals.

Putnam, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedPutnam votedFunds
Thermo Fisher Scientific Inc. May 20, 2026 An advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 25
AstraZeneca PLC April 9, 2026 Re-elect Marcus Wallenberg as Director Director Elections Board AGAINST 22
Meta Platforms, Inc. May 27, 2026 Election of Directors: John Elkann Director Elections Board WITHHOLD 19
Alphabet Inc. June 5, 2026 Approval of the amendment and restatement of Alphabet's Amended and Restated 2021 Stock Plan to increase the share reserve by 200,000,000 shares of Class C capital stock Compensation Board AGAINST 18
Viking Holdings Ltd May 13, 2026 Elect Director Jack Weingart Director Elections Board AGAINST 18
Viking Holdings Ltd May 13, 2026 Elect Director Karine Hagen Director Elections Board AGAINST 18
Viking Holdings Ltd May 13, 2026 Elect Director Morten Garman Director Elections Board AGAINST 18
Viking Holdings Ltd May 13, 2026 Elect Director Pat Naccarato Director Elections Board AGAINST 18
Viking Holdings Ltd May 13, 2026 Elect Director Paul Hackwell Director Elections Board AGAINST 18
Viking Holdings Ltd May 13, 2026 Elect Director Richard Fear Director Elections Board AGAINST 18
Viking Holdings Ltd May 13, 2026 Elect Director Tore Myrholt Director Elections Board AGAINST 18
Viking Holdings Ltd May 13, 2026 Elect Director Torstein Hagen Director Elections Board AGAINST 18
Viking Holdings Ltd May 13, 2026 Elect Torstein Hagen as Board Chairman Director Elections Board AGAINST 18
Oracle Corporation November 18, 2025 Advisory Vote to Approve the Compensation of our Named Executive Officers Say-on-Pay Board AGAINST 17
Palantir Technologies Inc. June 3, 2026 Advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 17
Tesla, Inc. November 6, 2025 A Tesla proposal for approval of the A&R 2019 Equity Incentive Plan. Compensation Board AGAINST 17
FedEx Corporation September 29, 2025 Approval of amendment to the FedEx Corporation 2019 Omnibus Stock Incentive Plan to increase the number of authorized shares. Compensation Board AGAINST 16
Marvell Technology, Inc. June 25, 2026 An advisory (non-binding) vote to approve compensation of our named executive officers. Say-on-Pay Board AGAINST 16
QUALCOMM Incorporated March 17, 2026 Approval of the Amended and Restated QUALCOMM Incorporated 2023 Long-Term Incentive Plan, including an increase in the share reserve by 24,000,000. Compensation Board AGAINST 15
BlackRock, Inc. May 20, 2026 Election of Directors: Adebayo Ogunlesi Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Amin H. Nasser Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Charles H. Robbins Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Cheryl D. Mills Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Fabrizio Freda Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Gordon M. Nixon Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Gregg R. Lemkau Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Gregory J. Fleming Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Hans E. Vestberg Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Kathleen Murphy Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Kristin C. Peck Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Laurence D. Fink Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Margaret "Peggy" L. Johnson Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Mark Wilson Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Murry S. Gerber Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Pamela Daley Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Robert S. Kapito Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: Susan L. Wagner Director Elections Board AGAINST 13
BlackRock, Inc. May 20, 2026 Election of Directors: William E. Ford Director Elections Board AGAINST 13
Spotify Technology SA December 10, 2025 Elect Alex Norstrom as Director Director Elections Board AGAINST 13
Spotify Technology SA December 10, 2025 Elect Gustav Soderstrom as Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Approve Remuneration of Directors Compensation Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Alex Norstrom as B Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Barry McCarthy as B Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Christopher Marshall as B Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Daniel Ek as A Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Gustav Soderstrom as B Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Heidi O'Neill as B Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Martin Lorentzon as A Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Mona Sutphen as B Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Padmasree Warrior as B Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Shishir Samir Mehrotra as A Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Ted Sarandos as B Director Director Elections Board AGAINST 13
Spotify Technology SA April 15, 2026 Elect Thomas Owen Staggs as B Director Director Elections Board AGAINST 13
Aon Plc June 26, 2026 Advisory resolution to approve the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 12
Novo Nordisk A/S March 26, 2026 Elect Helena Saxon as New Director Director Elections Board ABSTAIN 12
Novo Nordisk A/S March 26, 2026 Elect Jan van de Winkel as New Director Director Elections Board ABSTAIN 12
Novo Nordisk A/S March 26, 2026 Elect Ramona Sequeira as New Director Director Elections Board ABSTAIN 12
Novo Nordisk A/S March 26, 2026 Reelect Britt Meelby Jensen as Director Director Elections Board ABSTAIN 12
Novo Nordisk A/S March 26, 2026 Reelect Cees de Jong (Vice Chair) as Director Director Elections Board ABSTAIN 12
Novo Nordisk A/S March 26, 2026 Reelect Kasim Kutay as Director Director Elections Board ABSTAIN 12
Novo Nordisk A/S March 26, 2026 Reelect Lars Rebien Sorensen (Chair) as Director Director Elections Board ABSTAIN 12
Novo Nordisk A/S March 26, 2026 Reelect Stephan Engels as Director Director Elections Board ABSTAIN 12
Rhythm Pharmaceuticals, Inc. June 24, 2026 Approval, on an advisory (non-binding) basis, of the compensation of the named executive officers of the Company. Say-on-Pay Board (inferred) AGAINST 12
TPG Inc. June 3, 2026 Advisory Vote to Approve Executive Compensation (Say-on-Pay) Say-on-Pay Board AGAINST 12
CME Group Inc. June 9, 2026 Election of Equity Directors. Fourteen will be elected to the Board of Directors: Terrence A. Duffy Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Elect Wei Sun Christianson as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect Brendan Nelson as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect Dame Carolyn Fairbairn as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect Eileen Murray as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect Georges Elhedery as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect Geraldine Buckingham as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect James Forese as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect Jose Antonio Meade Kuribrena as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect Kalpana Morparia as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect Manveen Kaur as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect Rachel Duan as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect Steven Guggenheimer as Director Director Elections Board AGAINST 11
HSBC Holdings Plc May 8, 2026 Re-elect Swee Lian Teo as Director Director Elections Board AGAINST 11
Republic Services, Inc. May 7, 2026 Election of Directors: Katharine B. Weymouth Director Elections Board AGAINST 11
ServiceNow, Inc. May 21, 2026 Amended and Restated 2021 Equity Incentive Plan to increase the number of shares reserved for issuance. Compensation Board AGAINST 11
ServiceNow, Inc. May 21, 2026 Election of Directors: Eric S. Yuan Director Elections Board AGAINST 11
ServiceNow, Inc. May 21, 2026 Election of Directors: William R. McDermott Director Elections Board AGAINST 11
TPG Inc. June 3, 2026 Election of Directors: Anilu Vazquez-Ubarri Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: David Trujillo Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: Deborah Messemer Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: Ganendran Sarvananthan Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: Gunther Bright Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: James Coulter Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: Jeffrey Rhodes Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: Jon Winkelried Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: Kathy Elsesser Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: Kelvin Davis Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: Mary Cranston Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: Nehal Raj Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: Todd Sisitsky Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Directors: William McRaven Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Executive Committee Members: Anilu Vazquez-Ubarri Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Executive Committee Members: David Trujillo Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Executive Committee Members: Ganendran Sarvananthan Director Elections Board WITHHOLD 11
TPG Inc. June 3, 2026 Election of Executive Committee Members: James Coulter Director Elections Board WITHHOLD 11

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Built October 13, 2026 from SEC Form N-PX filings.