Putnam FL Investment Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Co.	COM	88579y101	480	2,913	SH		SOLE		2,913	0	2,913
AT&T Inc.	COM	00206R102	7,599	232,738	SH		SOLE		230,640	0	230,640
AbbVie, Inc.	COM	00287Y109	7,319	125,025	SH		SOLE		123,375	0	123,375
Abbott Laboratories	COM	002824100	5,488	118,464	SH		SOLE		116,814	0	116,814
Accenture plc	COM	G1151C101	14,514	154,916	SH		SOLE		152,916	0	152,916
Actavis plc	COM	g0083B108	5,369	18,041	SH		SOLE		17,642	0	17,642
Advance Auto Parts, Inc.	COM	00751Y106	15,058	100,593	SH		SOLE		99,344	0	99,344
Akamai Technologies, Inc.	COM	00971t101	12,485	175,732	SH		SOLE		174,212	0	174,212
Alaska Air Group, Inc.	COM	011659109	2,491	37,645	SH		SOLE		37,520	0	37,520
American Airlines Group Inc.	COM	02376r102	12,147	230,147	SH		SOLE		228,142	0	228,142
American Water Works Co., Inc.	COM	030420103	15,052	277,654	SH		SOLE		274,089	0	274,089
Ampliphi Biosciences Corp.	COM	03211P103	44	150,000	SH		SOLE		150,000	0	150,000
Apple, Inc.	COM	037833100	35,767	287,447	SH		SOLE		283,839	0	283,839
Ares Capital Corp.	COM	04010L103	9,879	575,383	SH		SOLE		567,183	0	567,183
Ashland, Inc.	COM	044209104	15,225	119,594	SH		SOLE		117,739	0	117,739
Automatic Data Processing, Inc	COM	053015103	1,629	19,022	SH		SOLE		18,907	0	18,907
Avago Technologies Limited	COM	Y0486S104	24,314	191,479	SH		SOLE		189,239	0	189,239
Bard (C.R.), Inc.	COM	067383109	5,118	30,581	SH		SOLE		30,051	0	30,051
Berkshire Hathaway Inc., Class	COM	084670108	217	1	SH		SOLE		1	0	1
Berkshire Hathaway Inc., Class	COM	084670702	2,285	15,833	SH		SOLE		15,758	0	15,758
Biogen, Inc.	COM	09062x103	11,732	27,786	SH		SOLE		27,396	0	27,396
Blackstone Mortgage Trust, Inc	COM	09257w100	13,170	464,229	SH		SOLE		460,804	0	460,804
Borg Warner Automotive	COM	099724106	9,643	159,445	SH		SOLE		157,960	0	157,960
Boston Beer Company, Inc. - Cl	COM	100557107	374	1,400	SH		SOLE		1,400	0	1,400
Brinker Intl	COM	109641100	2,360	38,337	SH		SOLE		37,987	0	37,987
Bristol-Myers Squibb Co.	COM	110122108	1,649	25,572	SH		SOLE		25,572	0	25,572
CIGNA Corp.	COM	125509109	2,660	20,552	SH		SOLE		20,452	0	20,452
CVS Health Corporation	COM	126650100	29,362	284,486	SH		SOLE		280,846	0	280,846
Celgene Corp	COM	151020104	15,217	132,003	SH		SOLE		130,273	0	130,273
Charles River Laboratories Int	COM	159864107	12,326	155,450	SH		SOLE		153,375	0	153,375
Chevron Corp.	COM	166764100	746	7,104	SH		SOLE		7,104	0	7,104
Chipotle Mexican Grill, Inc.	COM	169656105	1,794	2,757	SH		SOLE		2,745	0	2,745
Colgate-Palmolive Co.	COM	194162103	263	3,789	SH		SOLE		3,789	0	3,789
Comcast Corp.	COM	20030n101	9,604	170,072	SH		SOLE		167,287	0	167,287
Connecticut Water Service, Inc	COM	207797101	292	8,031	SH		SOLE		8,031	0	8,031
Crown Castle International Cor	COM	22822V101	1,538	18,632	SH		SOLE		18,537	0	18,537
DaVita Inc.	COM	23918K108	916	11,272	SH		SOLE		11,272	0	11,272
Darden Restaurants	COM	237194105	302	4,350	SH		SOLE		4,350	0	4,350
Delphi Automotive PLC	COM	G27823106	1,437	18,018	SH		SOLE		17,943	0	17,943
Delta Air Lines, Inc.	COM	247361702	14,270	317,393	SH		SOLE		312,863	0	312,863
Discover Financial Services	COM	254709108	10,438	185,230	SH		SOLE		183,930	0	183,930
Dominion Resources	COM	25746u109	3,159	44,578	SH		SOLE		44,363	0	44,363
Dow Chemical Co.	COM	260543103	434	9,043	SH		SOLE		9,043	0	9,043
Du Pont (E.I.) de Nemours	COM	263534109	211	2,951	SH		SOLE		2,951	0	2,951
EMC Corp.	COM	268648102	324	12,678	SH		SOLE		12,678	0	12,678
EOG Resources, Inc.	COM	26875P101	17,601	191,957	SH		SOLE		189,672	0	189,672
Eaton Corp PLC	COM	G29183103	1,436	21,132	SH		SOLE		21,032	0	21,032
Enterprise Products Partners	COM	293792107	1,030	31,267	SH		SOLE		28,967	0	28,967
Express Scripts Holding Compan	COM	30219G108	1,333	15,362	SH		SOLE		15,262	0	15,262
Exxon Mobil Corp.	COM	30231g102	3,427	40,318	SH		SOLE		40,048	0	40,048
Facebook	COM	30303m102	3,452	41,987	SH		SOLE		41,787	0	41,787
First Trust Dow Jones Internet	COM	33733E302	1,863	28,697	SH		SOLE		28,537	0	28,537
Footlocker, Inc.	COM	344849104	8,068	128,058	SH		SOLE		126,188	0	126,188
Fortune Brands Home & Security	COM	34964C106	1,538	32,387	SH		SOLE		32,187	0	32,187
Gannett Co.	COM	364730101	2,034	54,866	SH		SOLE		54,516	0	54,516
General Electric Co.	COM	369604103	726	29,243	SH		SOLE		29,243	0	29,243
General Mills, Inc.	COM	370334104	269	4,750	SH		SOLE		3,400	0	3,400
Gilead Sciences Inc.	COM	375558103	20,549	209,408	SH		SOLE		207,213	0	207,213
Golar LNG Ltd.	COM	G9456A100	266	7,990	SH		SOLE		7,990	0	7,990
Golar LNG Partners LP	COM	Y2745C102	563	20,950	SH		SOLE		20,950	0	20,950
Google, Inc. Class A	COM	38259p508	15,326	27,629	SH		SOLE		27,327	0	27,327
Google, Inc. Class C	COM	38259P706	9,272	16,920	SH		SOLE		16,674	0	16,674
HCA Inc.	COM	40412c101	1,600	21,274	SH		SOLE		21,169	0	21,169
Hain Celestial Group Inc.	COM	405217100	16,128	251,799	SH		SOLE		249,759	0	249,759
Henry Schein, Inc.	COM	806407102	3,738	26,773	SH		SOLE		26,638	0	26,638
Hexcel Corp.	COM	428291108	7,150	139,043	SH		SOLE		138,343	0	138,343
Highwoods Properties, Inc.	COM	431284108	10,860	237,230	SH		SOLE		233,205	0	233,205
Home Properties, Inc.	COM	437306103	455	6,568	SH		SOLE		6,568	0	6,568
Honeywell International, Inc.	COM	438516106	1,340	12,847	SH		SOLE		12,847	0	12,847
Host Hotels & Resorts Inc.	COM	44107p104	11,273	558,613	SH		SOLE		551,863	0	551,863
IDEXX Laboratories, Inc.	COM	45168D104	528	3,419	SH		SOLE		3,419	0	3,419
Int'l Business Machines Corp.	COM	459200101	710	4,422	SH		SOLE		4,422	0	4,422
Intel Corp.	COM	458140100	217	6,943	SH		SOLE		6,943	0	6,943
International Paper Co.	COM	460146103	3,300	59,478	SH		SOLE		59,178	0	59,178
Invesco Ltd.	COM	G491BT108	1,877	47,299	SH		SOLE		46,929	0	46,929
J.P. Morgan Chase & Co.	COM	46625h100	3,375	55,719	SH		SOLE		55,457	0	55,457
Johnson & Johnson	COM	478160104	1,306	12,987	SH		SOLE		12,987	0	12,987
Johnson Controls, Inc.	COM	478366107	1,384	27,446	SH		SOLE		27,446	0	27,446
Kinder Morgan, Inc.	COM	49456b101	1,716	40,803	SH		SOLE		40,468	0	40,468
Kraft Foods Group, Inc.	COM	50076Q106	339	3,887	SH		SOLE		3,124	0	3,124
Lincoln National Corp.	COM	534187109	9,750	169,685	SH		SOLE		168,715	0	168,715
Lithia Motors, Inc.	COM	536797103	1,019	10,254	SH		SOLE		10,159	0	10,159
Lockheed Martin Corp.	COM	539830109	3,286	16,190	SH		SOLE		16,110	0	16,110
Lowe's Companies, Inc.	COM	548661107	6,655	89,458	SH		SOLE		88,818	0	88,818
Macy's Inc.	COM	55616p104	962	14,818	SH		SOLE		14,818	0	14,818
Market Vectors Global Alternat	COM	57061R593	356	6,130	SH		SOLE		6,130	0	6,130
Marsh & McLennan	COM	571748102	2,344	41,793	SH		SOLE		40,393	0	40,393
McKesson Corp.	COM	58155q103	22,401	99,034	SH		SOLE		97,887	0	97,887
Medtronic PLC	COM	G5960L103	271	3,473	SH		SOLE		3,473	0	3,473
Merck & Co., Inc.	COM	58933Y105	2,075	36,104	SH		SOLE		36,104	0	36,104
Microsoft Corp.	COM	594918104	5,569	136,992	SH		SOLE		134,192	0	134,192
Morgan Stanley	COM	617446448	19,806	554,933	SH		SOLE		547,843	0	547,843
NXP Semiconductors NV	COM	N6596X109	7,680	76,520	SH		SOLE		75,845	0	75,845
NextEra Energy, Inc.	COM	65339F101	4,646	44,649	SH		SOLE		43,669	0	43,669
Nike, Inc.	COM	654106103	472	4,705	SH		SOLE		3,805	0	3,805
Norfolk Southern Corp.	COM	655844108	1,797	17,465	SH		SOLE		17,365	0	17,365
Novartis AG - Sponsored ADR	COM	66987v109	5,384	54,598	SH		SOLE		54,118	0	54,118
NuStar Energy LP	COM	67058h102	489	8,049	SH		SOLE		8,049	0	8,049
ONE Gas, Inc.	COM	68235P108	1,323	30,598	SH		SOLE		30,236	0	30,236
ONEOK Inc.	COM	682680103	10,009	207,484	SH		SOLE		204,434	0	204,434
ONEOK Partners, LP	COM	68268n103	200	4,900	SH		SOLE		4,900	0	4,900
Old Dominion Freight Lines	COM	679580100	7,622	98,606	SH		SOLE		98,496	0	98,496
Orange	COM	684060106	371	23,150	SH		SOLE		23,150	0	23,150
PNC Financial Services Group	COM	693475105	1,452	15,572	SH		SOLE		15,572	0	15,572
PSB Holdings, Inc.	COM	69360w108	99	13,200	SH		SOLE		13,200	0	13,200
Pattern Energy Group Inc.	COM	70338p100	12,179	430,058	SH		SOLE		426,183	0	426,183
PepsiCo, Inc.	COM	713448108	1,005	10,508	SH		SOLE		10,508	0	10,508
Pfizer, Inc.	COM	717081103	800	23,004	SH		SOLE		23,004	0	23,004
Philip Morris International, I	COM	718172109	354	4,701	SH		SOLE		1,186	0	1,186
PowerShares QQQ - Nasdaq 100 I	COM	73935A104	7,440	70,458	SH		SOLE		70,258	0	70,258
Powershares Wilderhill Clean E	COM	73935x500	119	21,310	SH		SOLE		21,310	0	21,310
Procter & Gamble Co.	COM	742718109	1,736	21,182	SH		SOLE		20,632	0	20,632
Prudential Financial, Inc.	COM	744320102	5,749	71,583	SH		SOLE		70,033	0	70,033
Rite Aid	COM	767754104	1,756	202,025	SH		SOLE		200,825	0	200,825
SPDR KBW Regional Banking ETF	COM	78464A698	3,542	86,740	SH		SOLE		86,190	0	86,190
SPDR S&P Biotech ETF	COM	78464A870	2,202	9,765	SH		SOLE		9,645	0	9,645
SPDR S&P Homebuilders ETF	COM	78464A888	616	16,700	SH		SOLE		16,700	0	16,700
Scripps Networks Interact IN	COM	811065101	4,235	61,775	SH		SOLE		61,025	0	61,025
Seagate Technology	COM	g7945m107	2,729	52,456	SH		SOLE		52,211	0	52,211
Simon Property Group, Inc.	COM	828806109	1,752	8,954	SH		SOLE		8,909	0	8,909
Skechers USA Inc.	COM	830566105	349	4,854	SH		SOLE		4,854	0	4,854
Stryker Corp.	COM	863667101	7,505	81,355	SH		SOLE		80,130	0	80,130
SunTrust Banks	COM	867914103	564	13,725	SH		SOLE		12,425	0	12,425
Synaptics, Inc.	COM	87157d109	13,639	167,755	SH		SOLE		165,360	0	165,360
T-Mobile US, Inc.	COM	872590104	725	22,893	SH		SOLE		22,598	0	22,598
T. Rowe Price Group, Inc.	COM	74144t108	8,446	104,296	SH		SOLE		103,396	0	103,396
TRW Automotive Holdings Corp.	COM	87264S106	5,478	52,243	SH		SOLE		51,418	0	51,418
Target Corp.	COM	87612e106	13,891	169,254	SH		SOLE		167,474	0	167,474
Tata Motors Ltd. ADRs	COM	876568502	1,665	36,957	SH		SOLE		36,752	0	36,752
Teekay Tankers Ltd.	COM	Y8565N102	1,471	256,210	SH		SOLE		254,710	0	254,710
The Fresh Market, Inc.	COM	35804h106	8,777	215,978	SH		SOLE		212,978	0	212,978
Total Systems Services	COM	891906109	1,458	38,217	SH		SOLE		38,217	0	38,217
Union Pacific Corp.	COM	907818108	12,247	113,072	SH		SOLE		111,600	0	111,600
United Rentals Inc.	COM	911363109	8,827	96,830	SH		SOLE		95,535	0	95,535
United Technologies Corp.	COM	913017109	348	2,971	SH		SOLE		2,521	0	2,521
UnitedHealth Group Inc.	COM	91324p102	7,685	64,964	SH		SOLE		63,734	0	63,734
Universal Beverage Holding Cor	COM	91337w102	0	260,000	SH		SOLE		260,000	0	260,000
Universal Health Services, Inc	COM	913903100	2,652	22,528	SH		SOLE		22,403	0	22,403
V. F. Corp.	COM	918204108	20,472	271,835	SH		SOLE		268,730	0	268,730
Valero Energy Corp.	COM	91913Y100	15,147	238,091	SH		SOLE		234,606	0	234,606
Vanguard REIT ETF	COM	922908553	1,762	20,904	SH		SOLE		20,804	0	20,804
Verizon Communications	COM	92343v104	5,578	114,701	SH		SOLE		112,486	0	112,486
Visa, Inc. Class A	COM	92826C839	24,121	368,767	SH		SOLE		364,287	0	364,287
Wabtec Corporation	COM	929740108	8,336	87,734	SH		SOLE		86,734	0	86,734
Walgreens Boots Alliance, Inc.	COM	931427108	1,023	12,078	SH		SOLE		12,078	0	12,078
Walt Disney Co.	COM	254687106	12,009	114,491	SH		SOLE		112,521	0	112,521
Wells Fargo & Co.	COM	949746101	3,880	71,331	SH		SOLE		69,931	0	69,931
Weyerhaeuser Co.	COM	962166104	7,196	217,069	SH		SOLE		214,744	0	214,744
Whiting Petroleum Corp.	COM	966387102	257	8,320	SH		SOLE		8,320	0	8,320
Williams Cos.,Inc.	COM	969457100	2,043	40,377	SH		SOLE		40,192	0	40,192
Williams-Sonoma, Inc.	COM	969904101	2,172	27,248	SH		SOLE		27,088	0	27,088
XPO Logistics, Inc.	COM	983793100	3,469	76,298	SH		SOLE		75,913	0	75,913
iShares Dow Jones Transportati	COM	464287192	1,029	6,570	SH		SOLE		6,535	0	6,535
Guggenheim S&P 500 Equal Weigh	GUG S&P500 EQ WT	78355w106	8,222	101,442	SH		SOLE		101,442	0	101,442
SPDR S&P 500 ETF Trust	TR UNIT	78462F103	7,092	34,355	SH		SOLE		34,115	0	34,115
SPDR S&P Dividend ETF	S&P DIVID ETF	78464A763	397	5,075	SH		SOLE		5,075	0	5,075
SPDR S&P MidCap 400 ETF Trust	UTSER1 S&PDCRP	78467Y107	1,663	5,999	SH		SOLE		5,919	0	5,919
Vanguard Dividend Appreciation	DIV APP ETF	921908844	247	3,065	SH		SOLE		3,065	0	3,065
Vanguard High Dividend Yield I	HIGH DIV YLD	921946406	260	3,810	SH		SOLE		3,810	0	3,810
Vanguard Small Cap ETF	SMALL CP ETF	922908751	1,884	15,370	SH		SOLE		15,370	0	15,370
Vanguard Total Stock Market ET	TOTAL STK MKT	922908769	1,283	11,959	SH		SOLE		11,959	0	11,959
iShares KLD 400 Social Index F	MSCI KLD400 SOC	464288570	312	4,045	SH		SOLE		4,045	0	4,045
iShares Russell 1000 Growth In	RUSSELL1000GRW	464287614	1,530	15,462	SH		SOLE		15,462	0	15,462
iShares Russell 3000 Index Fun	RUSSELL 3000	464287689	527	4,255	SH		SOLE		4,255	0	4,255
iShares S&P 100 Index Fund	S&P 100 IDX FD	464287101	248	2,750	SH		SOLE		2,650	0	2,650
iShares S&P 500 Index Fund	CORE S&P500 ETF	464287200	285	1,370	SH		SOLE		1,370	0	1,370
iShares S&P MidCap 400 Index F	CORE S&P MCP ETF	464287507	2,630	17,305	SH		SOLE		17,305	0	17,305
iShares S&P SmallCap 600 Index	CORE S&P SCP ETF	464287804	5,027	42,595	SH		SOLE		42,235	0	42,235
Vanguard European ETF	MSCI EUROPE ETF	922042874	426	7,857	SH		SOLE		6,557	0	6,557
Vanguard FTSE All-Wld ex-US Sm	FTSE SMCAP ETF	922042718	4,400	44,330	SH		SOLE		43,225	0	43,225
Vanguard Intl Equity Index F	ALLWRLD EX US	922042775	238	4,894	SH		SOLE		4,894	0	4,894
Vanguard MSCI EAFE ETF	MSCI EAFE ETF	921943858	505	12,680	SH		SOLE		12,680	0	12,680