Putnam VT Small Cap Value Fund

S000003888Putnam Variable TrustCIK 0000822671

Share classes

No share classes in the SEC snapshot.

2,774 filed series have no class in company_tickers_mf.json, so no ticker can be reached for them.

Share classes

Report period

1 period filed. Holdings below describe the selected month only.

2026-03-31

Filing

NPORT-P · filed 2026-05-27

Report date: 2026-03-31
Net assets: $105,507,017.62
Total assets: $107,982,357.22
Total liabilities: $2,475,339.6
Assets invested: $0
Cash not reported in C or D: $0
Amendment: No
Accession: 0002071691-26-012208

By asset category

N-PORT Item C.4.a

ECEquity - common$105.20M97.6%

STIVShort-term investment veh…$2.10M1.9%

OTHEROther; the filer describe…$482.2K0.4%

By asset category

By issuer category

N-PORT Item C.4.b

CORPCorporate$105.20M97.6%

PFPrivate fund$2.10M1.9%

RFRegistered fund$482.2K0.4%

OTHEROther; the filer describe…$224.860.0%

By issuer category

By investment country

as filed

USUS$97.60M90.6%

CACA$2.69M2.5%

BMBM$1.74M1.6%

KYKY$1.48M1.4%

GBGB$1.41M1.3%

PRPR$1.17M1.1%

BEBE$924.4K0.9%

CYCY$676.3K0.6%

VGVG$104.1K0.1%

By country

Classification look-through

Positions resolved to the master through ISIN, then rolled up through the taxonomy. 90.0% of reported value reaches a classification.

Equity · Financials(26)$24.81M23.0%

Equity · Industrials(17)$13.17M12.2%

Equity · Information Technology(11)$12.17M11.3%

Equity · Consumer Discretionary(13)$10.17M9.4%

Equity · Health Care(12)$10.00M9.3%

Equity · Materials(11)$8.19M7.6%

Equity · Energy(6)$7.20M6.7%

Equity · Real Estate(7)$7.06M6.6%

Resolved, not yet classified(6)$5.47M5.1%

Not resolved to the master(8)$5.31M4.9%

Equity · Utilities(3)$3.31M3.1%

Equity · Communication Services(1)$512.0K0.5%

Alternative · Digital Asset(1)$406.6K0.4%

Classification covers part of the master. 5,771 of 13,106 active securities are classified. Anything unclassified is shown as its own band rather than dropped, so a look-through total that falls short of 100% is telling you about coverage, not about the fund.

Percentages are of the reported value of positions above ($107.78M), not of the fund’s net assets ($105.51M). The two differ by cash, derivatives filed with no market value, and rounding.

Classification look-through

Holdings

122 positions in this filing

Issuer nameAsset categoryIssuer category

Holdings

Issuer↕	In master	CUSIP / ISIN	Asset	Balance↕	Value↕	Weight▼	Country
Putnam Cash Collateral Pool LLC	—	99311N9A5 —	STIV PF	2,098,945.03 NS	$2.10M	1.989%	US
Core Natural Resources, Inc.	CNR	218937100 US2189371006	EC CORP	15,600 NS	$1.63M	1.549%	US
Magnolia Oil & Gas Corp. Magnolia Oil & Gas Corp., Class A	MGY	559663109 US5596631094	EC CORP	51,685 NS	$1.63M	1.547%	US
Antero Resources Corp.	AR	03674X106 US03674X1063	EC CORP	37,100 NS	$1.57M	1.492%	US
Cohu, Inc.	COHU	192576106 US1925761066	EC CORP	50,200 NS	$1.54M	1.457%	US
Nicolet Bankshares, Inc.	NIC	65406E102 US65406E1029	EC CORP	10,300 NS	$1.53M	1.451%	US
Permian Resources Corp. Permian Resources Corp., Class A	PR	71424F105 US71424F1057	EC CORP	71,513 NS	$1.52M	1.445%	US
LifeStance Health Group, Inc.	LFST	53228F101 US53228F1012	EC CORP	237,603 NS	$1.51M	1.435%	US
Matador Resources Co.	MTDR	576485205 US5764852050	EC CORP	23,500 NS	$1.48M	1.407%	US
Ichor Holdings Ltd.	ICHR	— KYG4740B1059	EC CORP	31,709 NS	$1.48M	1.401%	KY
Five Star Bancorp	FSBC	33830T103 US33830T1034	EC CORP	35,535 NS	$1.34M	1.270%	US
Veracyte, Inc.	VCYT	92337F107 US92337F1075	EC CORP	41,313 NS	$1.33M	1.261%	US
Metropolitan Bank Holding Corp.	MCB	591774104 US5917741044	EC CORP	15,788 NS	$1.31M	1.246%	US
Southwest Gas Holdings, Inc.	SWX	844895102 US8448951025	EC CORP	14,800 NS	$1.29M	1.219%	US
BrightSpring Health Services, Inc.	BTSG	10950A106 US10950A1060	EC CORP	29,600 NS	$1.26M	1.195%	US
MasterCraft Boat Holdings, Inc.	MCFT	57637H103 US57637H1032	EC CORP	61,159 NS	$1.25M	1.189%	US
Axos Financial, Inc.	AX	05465C100 US05465C1009	EC CORP	14,700 NS	$1.25M	1.186%	US
Vishay Intertechnology, Inc.	VSH	928298108 US9282981086	EC CORP	69,100 NS	$1.24M	1.179%	US
IBEX Holdings Ltd.	IBEX	— BMG4690M1010	EC CORP	46,166 NS	$1.24M	1.174%	BM
Perdoceo Education Corp.	PRDO	71363P106 US71363P1066	EC CORP	33,100 NS	$1.23M	1.167%	US
Taylor Morrison Home Corp. Taylor Morrison Home Corp., Class A	—	87724P106 US87724P1066	EC CORP	21,100 NS	$1.23M	1.165%	US
Century Aluminum Co.	CENX	156431108 US1564311082	EC CORP	20,300 NS	$1.19M	1.129%	US
Northrim BanCorp, Inc.	NRIM	666762109 US6667621097	EC CORP	52,000 NS	$1.19M	1.128%	US
Amneal Pharmaceuticals, Inc.	AMRX	03168L105 US03168L1052	EC CORP	95,100 NS	$1.18M	1.120%	US
Diebold Nixdorf, Inc.	DBD	253651202 US2536512021	EC CORP	15,500 NS	$1.17M	1.108%	US
Popular, Inc.	BPOP	733174700 PR7331747001	EC CORP	8,700 NS	$1.17M	1.106%	PR
Holley, Inc.	HLLY	43538H103 US43538H1032	EC CORP	379,273 NS	$1.16M	1.104%	US
RingCentral, Inc. RingCentral, Inc., Class A	RNG	76680R206 US76680R2067	EC CORP	30,900 NS	$1.15M	1.089%	US
Alliance Laundry Holdings, Inc.	ALH	01862Q107 US01862Q1076	EC CORP	55,100 NS	$1.14M	1.083%	US
Brixmor Property Group, Inc.	BRX	11120U105 US11120U1051	EC CORP	38,900 NS	$1.12M	1.062%	US
Newmark Group, Inc. Newmark Group, Inc., Class A	NMRK	65158N102 US65158N1028	EC CORP	73,900 NS	$1.11M	1.050%	US
NWPX Infrastructure, Inc.	NWPX	667746101 US6677461013	EC CORP	14,200 NS	$1.11M	1.048%	US
Aviat Networks, Inc.	AVNW	05366Y201 US05366Y2019	EC CORP	48,378 NS	$1.09M	1.037%	US
Jefferson Capital, Inc.	JCAP	47248R103 US47248R1032	EC CORP	56,700 NS	$1.09M	1.033%	US
Portland General Electric Co.	POR	736508847 US7365088472	EC CORP	20,652 NS	$1.09M	1.033%	US
AdvanSix, Inc.	ASIX	00773T101 US00773T1016	EC CORP	44,600 NS	$1.09M	1.031%	US
Precigen, Inc.	PGEN	74017N105 US74017N1054	EC CORP	277,300 NS	$1.07M	1.017%	US
Valmont Industries, Inc.	VMI	920253101 US9202531011	EC CORP	2,680 NS	$1.07M	1.015%	US
Spectrum Brands Holdings, Inc.	SPB	84790A105 US84790A1051	EC CORP	14,300 NS	$1.05M	0.999%	US
Ladder Capital Corp. Ladder Capital Corp., Class A	LADR	505743104 US5057431042	EC CORP	107,812 NS	$1.05M	0.998%	US
TPG RE Finance Trust, Inc.	TRTX	87266M107 US87266M1071	EC CORP	134,200 NS	$1.05M	0.993%	US
HNI Corp.	HNI	404251100 US4042511000	EC CORP	31,326 NS	$1.05M	0.991%	US
V2X, Inc.	VVX	92242T101 US92242T1016	EC CORP	15,200 NS	$1.04M	0.987%	US
SkyWest, Inc.	SKYW	830879102 US8308791024	EC CORP	11,300 NS	$1.04M	0.984%	US
Valley National Bancorp	VLY	919794107 US9197941076	EC CORP	82,800 NS	$1.02M	0.964%	US
Regal Rexnord Corp.	RRX	758750103 US7587501039	EC CORP	5,400 NS	$1.01M	0.958%	US
Mid Penn Bancorp, Inc.	MPB	59540G107 US59540G1076	EC CORP	31,200 NS	$1.00M	0.951%	US
Ingevity Corp.	NGVT	45688C107 US45688C1071	EC CORP	14,076 NS	$1.00M	0.950%	US
American Healthcare REIT, Inc.	AHR	398182303 US3981823038	EC CORP	21,200 NS	$999.8K	0.948%	US
Casella Waste Systems, Inc. Casella Waste Systems, Inc., Class A	CWST	147448104 US1474481041	EC CORP	12,600 NS	$999.7K	0.948%	US

Issuer↕

In master

CUSIP / ISIN

Asset

Balance↕

Value↕

Weight▼

Country

Putnam Cash Collateral Pool LLC

—

99311N9A5

—

STIV

2,098,945.03 NS

$2.10M

1.989%

Core Natural Resources, Inc.

CNR

218937100

US2189371006

CORP

15,600 NS

$1.63M

1.549%

Magnolia Oil & Gas Corp.

Magnolia Oil & Gas Corp., Class A

MGY

559663109

US5596631094

CORP

51,685 NS

$1.63M

1.547%

Antero Resources Corp.

03674X106

US03674X1063

CORP

37,100 NS

$1.57M

1.492%

Cohu, Inc.

COHU

192576106

US1925761066

CORP

50,200 NS

$1.54M

1.457%

Nicolet Bankshares, Inc.

NIC

65406E102

US65406E1029

CORP

10,300 NS

$1.53M

1.451%

Permian Resources Corp.

Permian Resources Corp., Class A

71424F105

US71424F1057

CORP

71,513 NS

$1.52M

1.445%

LifeStance Health Group, Inc.

LFST

53228F101

US53228F1012

CORP

237,603 NS

$1.51M

1.435%

Matador Resources Co.

MTDR

576485205

US5764852050

CORP

23,500 NS

$1.48M

1.407%

Ichor Holdings Ltd.

ICHR

—

KYG4740B1059

CORP

31,709 NS

$1.48M

1.401%

Five Star Bancorp

FSBC

33830T103

US33830T1034

CORP

35,535 NS

$1.34M

1.270%

Veracyte, Inc.

VCYT

92337F107

US92337F1075

CORP

41,313 NS

$1.33M

1.261%

Metropolitan Bank Holding Corp.

MCB

591774104

US5917741044

CORP

15,788 NS

$1.31M

1.246%

Southwest Gas Holdings, Inc.

SWX

844895102

US8448951025

CORP

14,800 NS

$1.29M

1.219%

BrightSpring Health Services, Inc.

BTSG

10950A106

US10950A1060

CORP

29,600 NS

$1.26M

1.195%

MasterCraft Boat Holdings, Inc.

MCFT

57637H103

US57637H1032

CORP

61,159 NS

$1.25M

1.189%

Axos Financial, Inc.

05465C100

US05465C1009

CORP

14,700 NS

$1.25M

1.186%

Vishay Intertechnology, Inc.

VSH

928298108

US9282981086

CORP

69,100 NS

$1.24M

1.179%

IBEX Holdings Ltd.

IBEX

—

BMG4690M1010

CORP

46,166 NS

$1.24M

1.174%

Perdoceo Education Corp.

PRDO

71363P106

US71363P1066

CORP

33,100 NS

$1.23M

1.167%

Taylor Morrison Home Corp.

Taylor Morrison Home Corp., Class A

—

87724P106

US87724P1066

CORP

21,100 NS

$1.23M

1.165%

Century Aluminum Co.

CENX

156431108

US1564311082

CORP

20,300 NS

$1.19M

1.129%

Northrim BanCorp, Inc.

NRIM

666762109

US6667621097

CORP

52,000 NS

$1.19M

1.128%

Amneal Pharmaceuticals, Inc.

AMRX

03168L105

US03168L1052

CORP

95,100 NS

$1.18M

1.120%

Diebold Nixdorf, Inc.

DBD

253651202

US2536512021

CORP

15,500 NS

$1.17M

1.108%

Popular, Inc.

BPOP

733174700

PR7331747001

CORP

8,700 NS

$1.17M

1.106%

Holley, Inc.

HLLY

43538H103

US43538H1032

CORP

379,273 NS

$1.16M

1.104%

RingCentral, Inc.

RingCentral, Inc., Class A

RNG

76680R206

US76680R2067

CORP

30,900 NS

$1.15M

1.089%

Alliance Laundry Holdings, Inc.

ALH

01862Q107

US01862Q1076

CORP

55,100 NS

$1.14M

1.083%

Brixmor Property Group, Inc.

BRX

11120U105

US11120U1051

CORP

38,900 NS

$1.12M

1.062%

Newmark Group, Inc.

Newmark Group, Inc., Class A

NMRK

65158N102

US65158N1028

CORP

73,900 NS

$1.11M

1.050%

NWPX Infrastructure, Inc.

NWPX

667746101

US6677461013

CORP

14,200 NS

$1.11M

1.048%

Aviat Networks, Inc.

AVNW

05366Y201

US05366Y2019

CORP

48,378 NS

$1.09M

1.037%

Jefferson Capital, Inc.

JCAP

47248R103

US47248R1032

CORP

56,700 NS

$1.09M

1.033%

Portland General Electric Co.

POR

736508847

US7365088472

CORP

20,652 NS

$1.09M

1.033%

AdvanSix, Inc.

ASIX

00773T101

US00773T1016

CORP

44,600 NS

$1.09M

1.031%

Precigen, Inc.

PGEN

74017N105

US74017N1054

CORP

277,300 NS

$1.07M

1.017%

Valmont Industries, Inc.

VMI

920253101

US9202531011

CORP

2,680 NS

$1.07M

1.015%

Spectrum Brands Holdings, Inc.

SPB

84790A105

US84790A1051

CORP

14,300 NS

$1.05M

0.999%

Ladder Capital Corp.

Ladder Capital Corp., Class A

LADR

505743104

US5057431042

CORP

107,812 NS

$1.05M

0.998%

TPG RE Finance Trust, Inc.

TRTX

87266M107

US87266M1071

CORP

134,200 NS

$1.05M

0.993%

HNI Corp.

HNI

404251100

US4042511000

CORP

31,326 NS

$1.05M

0.991%

V2X, Inc.

VVX

92242T101

US92242T1016

CORP

15,200 NS

$1.04M

0.987%

SkyWest, Inc.

SKYW

830879102

US8308791024

CORP

11,300 NS

$1.04M

0.984%

Valley National Bancorp

VLY

919794107

US9197941076

CORP

82,800 NS

$1.02M

0.964%

Regal Rexnord Corp.

RRX

758750103

US7587501039

CORP

5,400 NS

$1.01M

0.958%

Mid Penn Bancorp, Inc.

MPB

59540G107

US59540G1076

CORP

31,200 NS

$1.00M

0.951%

Ingevity Corp.

NGVT

45688C107

US45688C1071

CORP

14,076 NS

$1.00M

0.950%

American Healthcare REIT, Inc.

AHR

398182303

US3981823038

CORP

21,200 NS

$999.8K

0.948%

Casella Waste Systems, Inc.

Casella Waste Systems, Inc., Class A

CWST

147448104

US1474481041

CORP

12,600 NS

$999.7K

0.948%