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 |
PNC Financial Services
PNC
|
+$394M |
| 2 |
Chevron
CVX
|
+$272M |
| 3 |
Albemarle
ALB
|
+$229M |
| 4 |
PepsiCo
PEP
|
+$223M |
| 5 |
ExxonMobil
XOM
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$427M |
| 2 |
Bank of America
BAC
|
+$351M |
| 3 |
Morgan Stanley
MS
|
+$249M |
| 4 |
Honeywell
HON
|
+$234M |
| 5 |
Apple
AAPL
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.6% |
| 2 | Healthcare | 14.36% |
| 3 | Financials | 10.56% |
| 4 | Industrials | 10.06% |
| 5 | Consumer Discretionary | 8.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
BellRing Brands
BRBR
$1.51B
| $203M | 0.1% |
3,666,584
+1,379,138
| +60% | +$66.5M |
|
227
Zebra Technologies
ZBRA
$12.4B
| $202M | 0.09% |
739,933
-86,916
| -11% | -$19.8M |
|
228
Cloudflare
NET
$93B
| $202M | 0.09% |
2,422,192
-129,716
| -5% | -$9.07M |
|
229
Prologis
PLD
$138B
| $201M | 0.09% |
1,505,128
+348,896
| +30% | +$39.6M |
|
230
Lamb Weston
LW
$6.85B
| $199M | 0.09% |
1,842,751
+241,848
| +15% | +$23.3M |
|
231
Cognizant
CTSH
$21.5B
| $199M | 0.09% |
2,629,441
-5,084
| -0.2% | -$351K |
|
232
Flex
FLEX
$43.4B
| $199M | 0.09% |
8,651,191
-1,377,339
| -14% | -$27.6M |
|
233
Broadridge
BR
$17.2B
| $199M | 0.09% |
964,803
-24,159
| -2% | -$4.46M |
|
234
Alliant Energy
LNT
$19.4B
| $197M | 0.09% |
3,846,087
-121,706
| -3% | -$6.07M |
|
235
Cheniere Energy
LNG
$56.5B
| $197M | 0.09% |
1,151,505
-61,003
| -5% | -$10.5M |
|
236
Ametek
AME
$55.5B
| $196M | 0.09% |
1,187,194
+16,395
| +1% | +$2.5M |
|
237
Airbnb
ABNB
$83.7B
| $196M | 0.09% |
1,436,374
+4,975
| +0.3% | +$642K |
|
238
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
| $193M | 0.09% |
3,786,403
-24,609
| -0.6% | -$1.21M |
|
239
Martin Marietta Materials
MLM
$33.6B
| $193M | 0.09% |
387,133
+52,451
| +16% | +$23.6M |
|
240
Marvell Technology
MRVL
$174B
| $193M | 0.09% |
3,199,865
+187,998
| +6% | +$10.2M |
|
241
Gilead Sciences
GILD
$161B
| $193M | 0.09% |
2,377,355
-222,054
| -9% | -$17.3M |
|
242
Itaú Unibanco
ITUB
$91.3B
| $192M | 0.09% |
31,283,549
-1,378,632
| -4% | -$7.31M |
|
243
Autodesk
ADSK
$44.3B
| $191M | 0.09% |
785,298
+2,177
| +0.3% | +$470K |
|
244
Zscaler
ZS
$23B
| $189M | 0.09% |
854,110
-226,805
| -21% | -$42M |
|
245
Equinix
EQIX
$107B
| $188M | 0.09% |
233,807
+3,574
| +2% | +$2.74M |
|
246
DXC Technology
DXC
$1.63B
| $188M | 0.09% |
8,220,896
-8,711,218
| -51% | -$194M |
|
247
Manhattan Associates
MANH
$8.97B
| $188M | 0.09% |
872,966
+125,541
| +17% | +$26.6M |
|
248
SouthState Bank Corp
SSB
$10.4B
| $186M | 0.09% |
2,208,224
+466,144
| +27% | +$34.4M |
|
249
Donaldson
DCI
$10.8B
| $186M | 0.09% |
2,843,923
-4,408
| -0.2% | -$269K |
|
250
Vistra
VST
$55.1B
| $185M | 0.09% |
4,797,515
+282,056
| +6% | +$9.81M |
|
Similar funds
Franklin Resources's Q4 2023 Portfolio in Review
As of Q4 2023, Franklin Resources held 2,774 positions worth $214B, up 8.7% from $197B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Franklin Resources withdrew a net $7.44B in Q4 2023, closing 138 positions and reducing 1,143 holdings. Its most notable exit was Activision Blizzard, an estimated $427M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Franklin Resources opened a new position in Veralto worth $178M.
- Franklin Resources's largest Q4 2023 buy was Veralto: 2,163,991 shares worth $178M.
- Franklin Resources added most to PNC Financial Services in Q4 2023, an estimated $394M increase.
- Franklin Resources's biggest Q4 2023 reduction was Bank of America, cutting an estimated $351M.
- Franklin Resources fully exited Activision Blizzard in Q4 2023, selling an estimated $427M.
- Franklin Resources's ten largest holdings make up 18% of its $214B portfolio in Q4 2023.
- Franklin Resources opened 114 new positions and closed 138 in Q4 2023.
- Franklin Resources's portfolio value rose 8.7% quarter-over-quarter to $214B.
Based on Franklin Resources's 13F filing for Q4 2023, filed 9 Feb 2024.