Abrams Capital Management’s Franklin Resources BEN Stock Holding History

Abrams Capital Management’s Portfolio BEN Stock Details BEN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q4	–	Sell	-8,203,848	Closed	-$167M	–	19
2020 Q3	$167M	Sell	8,203,848 -1,513,993	-16%	-$31.8M	5.28%	10
2020 Q2	$204M	Hold	9,717,841	–	–	6.59%	8
2020 Q1	$162M	Hold	9,717,841	–	–	6.38%	10
2019 Q4	$252M	Sell	9,717,841 -54,645	-0.6%	-$1.48M	7.84%	3
2019 Q3	$282M	Hold	9,772,486	–	–	7.9%	3
2019 Q2	$340M	Hold	9,772,486	–	–	9.24%	3
2019 Q1	$324M	Sell	9,772,486 -265,220	-3%	-$8.37M	9.1%	3
2018 Q4	$298M	Buy	10,037,706 +92,683	+0.9%	+$2.85M	12.3%	1
2018 Q3	$302M	Buy	9,945,023 +2,000,000	+25%	+$64.4M	7.99%	6
2018 Q2	$255M	Hold	7,945,023	–	–	7.08%	5
2018 Q1	$276M	Hold	7,945,023	–	–	8.64%	5
2017 Q4	$344M	Hold	7,945,023	–	–	11.59%	3
2017 Q3	$354M	Hold	7,945,023	–	–	13.8%	3
2017 Q2	$356M	Hold	7,945,023	–	–	14.15%	2
2017 Q1	$335M	Hold	7,945,023	–	–	12.83%	2
2016 Q4	$314M	Hold	7,945,023	–	–	11.54%	2
2016 Q3	$283M	Hold	7,945,023	–	–	14.03%	3
2016 Q2	$265M	Hold	7,945,023	–	–	13.85%	2
2016 Q1	$310M	Buy	7,945,023 +2,669,361	+51%	+$94.5M	14.66%	2
2015 Q4	$194M	Buy	+5,275,662	New	+$206M	10.62%	3

Other funds holding BEN

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

CCP

Clarkston Capital Partners Rochester, Michigan $1.31B AUM 3.79% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

ProShare Advisors Bethesda, Maryland $67.5B AUM 28.09% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Abrams Capital Management's BEN Position: Q4 2020 in Review

Abrams Capital Management sold out of Franklin Resources (BEN) in Q4 2020, closing a stake of 8,203,848 shares — an estimated $167M sold.

Abrams Capital Management first reported a position in BEN in Q4 2015 and held it in 20 quarters. The position peaked at $356M in Q2 2017. 517 funds tracked by Wall St. Rank hold BEN as of Q4 2020.

Abrams Capital Management reported no remaining Franklin Resources position as of Q4 2020 after selling out during the quarter.
Abrams Capital Management sold 8,203,848 Franklin Resources shares in Q4 2020, an estimated $167M.
Abrams Capital Management first reported a position in Franklin Resources in Q4 2015 and held it in 20 quarters.
Abrams Capital Management's Franklin Resources position peaked at $356M in Q2 2017.
517 funds tracked by Wall St. Rank held Franklin Resources as of Q4 2020.

Based on Abrams Capital Management's 13F filing for Q4 2020, filed 12 Feb 2021.