Addenda Capital’s Franklin Resources BEN Stock Holding History

Addenda Capital’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
2015 Q4	–	Sell	-41,490	Closed	-$1.55M	–	125
2015 Q3	$1.55M	Sell	41,490 -24,341	-37%	-$1.05M	0.15%	101
2015 Q2	$3.24M	Sell	65,831 -180	-0.3%	-$9.23K	0.28%	85
2015 Q1	$3.4M	Sell	66,011 -1,880	-3%	-$99.8K	0.29%	83
2014 Q4	$3.8M	Buy	67,891 +6,120	+10%	+$338K	0.3%	77
2014 Q3	$3.38M	Buy	61,771 +10,612	+21%	+$594K	0.3%	73
2014 Q2	$2.96M	Buy	51,159 +1,024	+2%	+$56K	0.25%	84
2014 Q1	$2.72M	Sell	50,135 -3,675	-7%	-$198K	0.24%	83
2013 Q4	$3.11M	Sell	53,810 -2,939	-5%	-$158K	0.28%	76
2013 Q3	$2.87M	Buy	56,749 +3,340	+6%	+$161K	0.26%	74
2013 Q2	$2.4M	Buy	+53,409	New	+$2.72M	0.23%	78

Other funds holding BEN

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

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

VVP

Vulcan Value Partners Birmingham, Alabama $3.77B AUM 9.63% 1-Year Est. Return

HCM

Highfields Capital Management Boston, Massachusetts $68.3M AUM 21.64% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Pzena Investment Management New York $30.8B AUM 11.29% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Diamond Hill Capital Management Columbus, Ohio $16B AUM 4.15% 1-Year Est. Return

Addenda Capital's BEN Position: Q4 2015 in Review

Addenda Capital sold out of Franklin Resources (BEN) in Q4 2015, closing a stake of 41,490 shares — an estimated $1.55M sold.

Addenda Capital first reported a position in BEN in Q2 2013 and held it in 10 quarters. The position peaked at $3.8M in Q4 2014. 559 funds tracked by Wall St. Rank hold BEN as of Q4 2015.

Addenda Capital reported no remaining Franklin Resources position as of Q4 2015 after selling out during the quarter.
Addenda Capital sold 41,490 Franklin Resources shares in Q4 2015, an estimated $1.55M.
Addenda Capital first reported a position in Franklin Resources in Q2 2013 and held it in 10 quarters.
Addenda Capital's Franklin Resources position peaked at $3.8M in Q4 2014.
559 funds tracked by Wall St. Rank held Franklin Resources as of Q4 2015.

Based on Addenda Capital's 13F filing for Q4 2015, filed 20 Jan 2016.