Franklin Resources Portfolio holdings
Franklin Resources, Inc., commonly known as Franklin Templeton, was founded in 1947 by Rupert H. Johnson, Sr., and is headquartered in San Mateo, California, operating as a global investment management firm managing hundreds of billions in assets. The company offers a wide range of investment products, including mutual funds, ETFs, fixed-income portfolios, and alternative investments, serving individual investors, financial advisors, and institutions across over 150 countries. Known for its acquisition-driven growth—such as the 1992 purchase of Templeton Investments and the 2020 addition of Legg Mason—Franklin Templeton combines diverse strategies under a single brand, emphasizing both active management and income-focused solutions like its flagship Franklin Income Fund. With a reputation for adaptability and a client-centric approach, it remains a major player in the global asset management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
|
+$675M |
| 2 |
Oracle
ORCL
|
+$536M |
| 3 |
Franklin US Core Bond ETF
FLCB
|
+$362M |
| 4 |
Franklin Investment Grade Corporate ETF
FLCO
|
+$336M |
| 5 |
Cisco
CSCO
|
+$241M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$615M |
| 2 |
Wells Fargo
WFC
|
+$530M |
| 3 |
JPMorgan Chase
JPM
|
+$377M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$334M |
| 5 |
Capital One
COF
|
+$331M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.91% |
| 2 | Healthcare | 15.8% |
| 3 | Financials | 13.51% |
| 4 | Industrials | 9.2% |
| 5 | Consumer Discretionary | 6.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Neurocrine Biosciences
NBIX
$17.6B
| $213M | 0.11% |
1,983,499
+122,980
| +7% | +$12.9M |
|
227
Teleflex
TFX
$5.86B
| $209M | 0.11% |
555,409
-3,467
| -0.6% | -$1.19M |
|
228
iShares Core US Aggregate Bond ETF
AGG
$138B
| $207M | 0.11% |
1,843,625
-336,419
| -15% | -$37.9M |
|
229
PVH
PVH
$3.69B
| $207M | 0.11% |
1,969,255
-229,620
| -10% | -$21.9M |
|
230
Evergy
EVRG
$20.1B
| $206M | 0.11% |
3,158,333
-1,085,958
| -26% | -$69.3M |
|
|
CTLT
231
DELISTED
CATALENT, INC.
CTLT
| $204M | 0.11% |
3,625,492
+14,211
| +0.4% | +$724K |
|
232
Itaú Unibanco
ITUB
$91.5B
| $204M | 0.11% |
30,611,579
-725,222
| -2% | -$4.54M |
|
233
Erie Indemnity
ERIE
$11.5B
| $202M | 0.11% |
1,219,434
-19,308
| -2% | -$3.41M |
|
234
BWX Technologies
BWXT
$16B
| $198M | 0.1% |
3,190,270
-320,668
| -9% | -$19.1M |
|
235
Norfolk Southern
NSC
$79.1B
| $196M | 0.1% |
1,007,732
+335,441
| +50% | +$62.9M |
|
236
Teva Pharmaceuticals
TEVA
$35.9B
| $195M | 0.1% |
19,916,016
-21,560,376
| -52% | -$192M |
|
237
PTC
PTC
$13.6B
| $193M | 0.1% |
2,583,684
+661,676
| +34% | +$47.1M |
|
238
S&P Global
SPGI
$126B
| $193M | 0.1% |
706,553
+74,147
| +12% | +$19.3M |
|
239
Telus
TU
$16B
| $190M | 0.1% |
9,827,996
-631,250
| -6% | -$11.7M |
|
240
Donaldson
DCI
$10.7B
| $190M | 0.1% |
3,300,607
-14,537
| -0.4% | -$791K |
|
241
Corning
GLW
$127B
| $189M | 0.1% |
6,478,953
-708,185
| -10% | -$20.6M |
|
242
Plains All American Pipeline
PAA
$17.5B
| $188M | 0.1% |
10,222,904
-313,276
| -3% | -$5.76M |
|
243
Automatic Data Processing
ADP
$99.9B
| $187M | 0.1% |
1,096,367
+25,152
| +2% | +$4.16M |
|
244
Waters Corp
WAT
$36.7B
| $185M | 0.1% |
792,518
-1,301
| -0.2% | -$287K |
|
245
British American Tobacco
BTI
$132B
| $184M | 0.1% |
4,344,859
-251,201
| -5% | -$9.47M |
|
246
TE Connectivity
TEL
$58.3B
| $184M | 0.1% |
1,917,428
-5,281
| -0.3% | -$489K |
|
247
Broadcom
AVGO
$1.81T
| $183M | 0.1% |
5,805,920
+2,031,160
| +54% | +$61.7M |
|
248
UBS Group
UBS
$169B
| $183M | 0.1% |
14,511,112
-14,221,733
| -49% | -$169M |
|
|
CNH
249
CNH Industrial
CNH
$13.7B
| $181M | 0.1% |
18,993,572
| – | – |
|
250
Vornado Realty Trust
VNO
$7.5B
| $181M | 0.1% |
2,721,114
-99,914
| -4% | -$6.46M |
|
Similar funds
Franklin Resources's Q4 2019 Portfolio in Review
As of Q4 2019, Franklin Resources held 1,610 positions worth $190B, up 3.4% from $184B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Franklin Resources withdrew a net $9.13B in Q4 2019, closing 87 positions and reducing 698 holdings. Its most notable exit was Celgene Corp, an estimated $615M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Franklin Resources opened a new position in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A worth $707M.
- Franklin Resources's largest Q4 2019 buy was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A: 600,575 shares worth $707M.
- Franklin Resources added most to Oracle in Q4 2019, an estimated $536M increase.
- Franklin Resources's biggest Q4 2019 reduction was Wells Fargo, cutting an estimated $530M.
- Franklin Resources fully exited Celgene Corp in Q4 2019, selling an estimated $615M.
- Franklin Resources's ten largest holdings make up 12% of its $190B portfolio in Q4 2019.
- Franklin Resources opened 103 new positions and closed 87 in Q4 2019.
- Franklin Resources's portfolio value rose 3.4% quarter-over-quarter to $190B.
Based on Franklin Resources's 13F filing for Q4 2019, filed 12 Feb 2020.