Brown Capital Management’s Franklin Resources BEN Stock Holding History

Brown 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
2016 Q1	–	Sell	-89,627	Closed	-$3.3M	–	131
2015 Q4	$3.3M	Sell	89,627 -10,264	-10%	-$401K	0.05%	89
2015 Q3	$3.72M	Sell	99,891 -6,897	-6%	-$299K	0.06%	91
2015 Q2	$5.24M	Sell	106,788 -18,777	-15%	-$963K	0.09%	84
2015 Q1	$6.44M	Sell	125,565 -6,735	-5%	-$357K	0.11%	81
2014 Q4	$7.33M	Sell	132,300 -23,726	-15%	-$1.31M	0.13%	74
2014 Q3	$8.52M	Buy	156,026 +119,009	+321%	+$6.66M	0.15%	72
2014 Q2	$2.14M	Buy	37,017 +8,479	+30%	+$464K	0.04%	103
2014 Q1	$1.55M	Hold	28,538	–	–	0.03%	106
2013 Q4	$1.65M	Sell	28,538 -748	-3%	-$40.3K	0.03%	104
2013 Q3	$1.48M	Sell	29,286 -90	-0.3%	-$4.34K	0.03%	105
2013 Q2	$1.33M	Buy	+29,376	New	+$1.5M	0.03%	105

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

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

BIT

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

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

ACM

Abrams Capital Management Boston, Massachusetts $4.64B AUM 1.52% 1-Year Est. Return

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

Brown Capital Management's BEN Position: Q1 2016 in Review

Brown Capital Management sold out of Franklin Resources (BEN) in Q1 2016, closing a stake of 89,627 shares — an estimated $3.3M sold.

Brown Capital Management first reported a position in BEN in Q2 2013 and held it in 11 quarters. The position peaked at $8.52M in Q3 2014. 544 funds tracked by Wall St. Rank hold BEN as of Q1 2016.

Brown Capital Management reported no remaining Franklin Resources position as of Q1 2016 after selling out during the quarter.
Brown Capital Management sold 89,627 Franklin Resources shares in Q1 2016, an estimated $3.3M.
Brown Capital Management first reported a position in Franklin Resources in Q2 2013 and held it in 11 quarters.
Brown Capital Management's Franklin Resources position peaked at $8.52M in Q3 2014.
544 funds tracked by Wall St. Rank held Franklin Resources as of Q1 2016.

Based on Brown Capital Management's 13F filing for Q1 2016, filed 16 May 2016.