Putnam Fl Investment Management Co is an independent investment management firm that provides a wide range of comprehensive and personalized services to a diversified clientele that includes endowments, foundations, unions, religious organizations as well as individuals and families. The firm’s latest SEC 13F Filing for the third quarter ended September 30, 2014, was submitted on November 4, 2014. According to the filing, the firm’s top 3 holdings are Apple Inc. (NASDAQ:AAPL), CVS Health Corp (NYSE:CVS), and Avago Technologies Ltd (NASDAQ:AVGO).
Apple Inc. (NASDAQ:AAPL) emerged the topmost investment of Putnam Fl Investment Management Co, accounting for an investment total of $28.7 million. Apple Inc. (NASDAQ:AAPL) has had a good run in the market this year after releasing a number of premium gadgets that include the iPhone 6 and iPhone 6 Plus that broke iPhone sales record. The company has also announced that it has identified and blocked a bug that was threatening its iOS X devices in China. The bug was causing a real threat to users of Apple Inc. (NASDAQ:AAPL) products in the country.
CVS Health Corp (NYSE:CVS) was the second largest investment of the firm with an investment valued at $24.4 million. CVS Health Corp (NYSE:CVS) is a health products retailer and provider of healthcare services. The announced that it was focusing on better health for Americans, going as far as stopping tobacco sales in its stores. CVS Health Corp (NYSE:CVS) posted a net revenue of $35.02 billion, which is above analysts’ consensus of $34.74 billion. Its earnings per share for the third quarter is $1.15, representing a 9% year-over-year rise. Some of the company’s subsidiaries are MinuteClinic, Arbor Drugs, Caremark Rx, and CVS Pharmacy.
Avago Technologies Ltd (NASDAQ:AVGO) came out as the third largest investment of Putnam Fl Investment Management Co with an investment total of $20.8 million. Avago Technologies Ltd (NASDAQ:AVGO) is a manufacturer of semiconductor products used in mobile phones, electronics, enterprise, and telecom networking gear. This stock has a very high institutional ownership with the top three being Capital World Investors, Capital Research Global Investors, and J.P. Morgan Investment Management Inc. Some of the subsidiaries the company acquired recently are LSI Corporation and PLX Technology.
This article has been written by Victor Ochieng.