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 |
Merck
MRK
|
+$276M |
| 2 |
NextEra Energy
NEE
|
+$275M |
| 3 |
Progressive
PGR
|
+$241M |
| 4 |
Kenvue
KVUE
|
+$228M |
| 5 |
PepsiCo
PEP
|
+$203M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$402M |
| 2 |
Zimmer Biomet
ZBH
|
+$395M |
| 3 |
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
|
+$395M |
| 4 |
Amgen
AMGN
|
+$375M |
| 5 |
Willis Towers Watson
WTW
|
+$346M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.75% |
| 2 | Healthcare | 15.09% |
| 3 | Financials | 10.76% |
| 4 | Industrials | 9.67% |
| 5 | Consumer Discretionary | 8.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Zscaler
ZS
$23B
| $168M | 0.09% |
1,080,915
-8,814
| -0.8% | -$1.32M |
|
252
Onto Innovation
ONTO
$13.6B
| $168M | 0.09% |
1,315,843
-104,443
| -7% | -$12.4M |
|
253
Equinix
EQIX
$107B
| $167M | 0.09% |
230,233
-6,061
| -3% | -$4.69M |
|
254
PTC
PTC
$13.7B
| $167M | 0.08% |
1,178,804
+5,691
| +0.5% | +$814K |
|
255
Arista Networks
ANET
$219B
| $167M | 0.08% |
3,624,644
-470,952
| -11% | -$21M |
|
256
NiSource
NI
$22.4B
| $165M | 0.08% |
6,699,326
-20,377
| -0.3% | -$551K |
|
257
Marvell Technology
MRVL
$174B
| $163M | 0.08% |
3,011,867
+5,415
| +0.2% | +$320K |
|
258
US Bancorp
USB
$99.6B
| $163M | 0.08% |
4,926,417
-2,935,319
| -37% | -$107M |
|
259
Yeti Holdings
YETI
$3.82B
| $163M | 0.08% |
3,370,125
+138,649
| +4% | +$6.17M |
|
260
KBR
KBR
$4.68B
| $162M | 0.08% |
2,752,810
-183,321
| -6% | -$11.3M |
|
261
Autodesk
ADSK
$44.3B
| $162M | 0.08% |
783,121
+2,976
| +0.4% | +$625K |
|
262
Biogen
BIIB
$29.9B
| $162M | 0.08% |
628,534
+185,742
| +42% | +$49.7M |
|
263
Cloudflare
NET
$93B
| $161M | 0.08% |
2,551,908
+59,387
| +2% | +$3.8M |
|
264
Hyatt Hotels
H
$17.6B
| $161M | 0.08% |
1,515,577
-298,484
| -16% | -$34M |
|
265
Hanover Insurance
THG
$7.63B
| $158M | 0.08% |
1,427,072
-1,331
| -0.1% | -$147K |
|
266
Wells Fargo
WFC
$261B
| $158M | 0.08% |
3,867,817
-1,507,639
| -28% | -$65.1M |
|
267
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $158M | 0.08% |
1,533,977
-33,027
| -2% | -$3.43M |
|
268
iShares Core S&P Mid-Cap ETF
IJH
$123B
| $157M | 0.08% |
3,143,285
+54,960
| +2% | +$2.88M |
|
269
Inspire Medical Systems
INSP
$1.42B
| $157M | 0.08% |
789,535
-255,761
| -24% | -$64.5M |
|
270
UFP Industries
UFPI
$4.97B
| $157M | 0.08% |
1,528,807
-264,776
| -15% | -$26.8M |
|
271
Canadian National Railway
CNI
$78.5B
| $156M | 0.08% |
1,443,178
-151,363
| -9% | -$17.4M |
|
272
Itaú Unibanco
ITUB
$91.3B
| $155M | 0.08% |
32,662,181
-2,382,201
| -7% | -$11.9M |
|
273
Charles River Laboratories
CRL
$10.9B
| $153M | 0.08% |
781,501
+56,248
| +8% | +$11.5M |
|
274
Haemonetics
HAE
$3.58B
| $152M | 0.08% |
1,694,385
+55,947
| +3% | +$5M |
|
275
Netflix
NFLX
$292B
| $152M | 0.08% |
4,018,450
-366,870
| -8% | -$15.6M |
|
Similar funds
Franklin Resources's Q3 2023 Portfolio in Review
As of Q3 2023, Franklin Resources held 2,849 positions worth $197B, down 6.4% from $210B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Franklin Resources withdrew a net $6.91B in Q3 2023, closing 192 positions and reducing 1,252 holdings. Its most notable exit was NextEra Energy, Inc. 6.219% Corporate Units, an estimated $395M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 27% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Franklin Resources opened a new position in Apollo Global Management Series A worth $132M.
- Franklin Resources's largest Q3 2023 buy was Apollo Global Management Series A: 2,400,100 shares worth $132M.
- Franklin Resources added most to Merck in Q3 2023, an estimated $276M increase.
- Franklin Resources's biggest Q3 2023 reduction was Eli Lilly, cutting an estimated $402M.
- Franklin Resources fully exited NextEra Energy, Inc. 6.219% Corporate Units in Q3 2023, selling an estimated $395M.
- Franklin Resources's ten largest holdings make up 18% of its $197B portfolio in Q3 2023.
- Franklin Resources opened 128 new positions and closed 192 in Q3 2023.
- Franklin Resources's portfolio value fell 6.4% quarter-over-quarter to $197B.
Based on Franklin Resources's 13F filing for Q3 2023, filed 13 Nov 2023.