PUTNAM ETF TRUST

Ticker: PULT CUSIP: 746729854 Class: ESG ULTRA SHORT

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (3)

Value ($000) $871 Shares 17,207

Kestra Advisory Services, LLC

Value ($000) $23 Shares 448

Value ($000) $5 Shares 90

Institution	Shares	Value ($000)
CacheTech Inc.	17,207	$871
Kestra Advisory Services, LLC	448	$23
COMERICA BANK	90	$5

Increased Positions (7)

FRANKLIN RESOURCES INC

Value ($000) $156,026 (+10.4%) Shares 3,081,996 (+10.7%)

JANE STREET GROUP, LLC

Value ($000) $2,766 (+369.4%) Shares 54,638 (+370.9%)

BANK OF MONTREAL /CAN/

Value ($000) $443 (+487.1%) Shares 8,758 (+489.0%)

CIBC WORLD MARKET INC.

Value ($000) $1,172 (+14.6%) Shares 23,149 (+15.0%)

ROYAL BANK OF CANADA

Value ($000) $3,480 (+4.7%) Shares 68,755 (+5.0%)

NATIONAL BANK OF CANADA /FI/

Value ($000) $3,184 (+2.2%) Shares 62,902 (+2.6%)

Value ($000) $5 (+437.3%) Shares 97 (+438.9%)

Institution	Prev Shares	Curr Shares	Change
FRANKLIN RESOURCES INC	2,783,208	3,081,996	+298,788 (+10.7%)
JANE STREET GROUP, LLC	11,603	54,638	+43,035 (+370.9%)
BANK OF MONTREAL /CAN/	1,487	8,758	+7,271 (+489.0%)
CIBC WORLD MARKET INC.	20,134	23,149	+3,015 (+15.0%)
ROYAL BANK OF CANADA	65,459	68,755	+3,296 (+5.0%)
NATIONAL BANK OF CANADA /FI/	61,328	62,902	+1,574 (+2.6%)
UBS Group AG	18	97	+79 (+438.9%)

Decreased Positions (3)

Professional Financial Advisors, LLC

Value ($000) $309 (-3.5%) Shares 6,100 (-3.2%)

IFP Advisors, Inc

Value ($000) $98 (-19.6%) Shares 1,935 (-19.3%)

Cetera Investment Advisers

Value ($000) $469 (-4.0%) Shares 9,271 (-3.7%)

Institution	Prev Shares	Curr Shares	Change
Professional Financial Advisors, LLC	6,301	6,100	-201 (-3.2%)
IFP Advisors, Inc	2,399	1,935	-464 (-19.3%)
Cetera Investment Advisers	9,630	9,271	-359 (-3.7%)

Exited Positions (1)

FOUNDERS FINANCIAL SECURITIES LLC

Value ($000) $920 Shares 18,118

Institution	Prev Shares	Prev Value ($000)
FOUNDERS FINANCIAL SECURITIES LLC	18,118	$920