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 | |
|---|---|---|---|---|---|---|
301
SiTime
SITM
$16.6B
| $137M | 0.07% |
1,198,577
-18,920
| -2% | -$2.33M |
|
302
Illumina
ILMN
$29.4B
| $136M | 0.07% |
1,021,222
-11,992
| -1% | -$1.97M |
|
303
Baker Hughes
BKR
$56.8B
| $136M | 0.07% |
3,860,560
-651
| -0% | -$23K |
|
304
American Express
AXP
$223B
| $136M | 0.07% |
908,436
-349,833
| -28% | -$57.2M |
|
305
Integer Holdings
ITGR
$3.35B
| $135M | 0.07% |
1,724,435
-537,937
| -24% | -$45.6M |
|
306
Jazz Pharmaceuticals
JAZZ
$15.9B
| $134M | 0.07% |
1,034,623
-61,060
| -6% | -$8.14M |
|
307
Apollo Global Management Series A
APO.PRA
$1.79B
| $132M | 0.07% |
+2,400,100
| New | +$129M |
|
308
Franklin High Yield Corporate ETF
FLHY
$1.21B
| $131M | 0.07% |
5,803,607
-115,321
| -2% | -$2.62M |
|
309
AutoZone
AZO
$48.3B
| $130M | 0.07% |
51,281
-13,048
| -20% | -$32.7M |
|
310
Bausch Health
BHC
$1.65B
| $130M | 0.07% |
15,801,455
-773,073
| -5% | -$6.66M |
|
311
Green Plains
GPRE
$1.19B
| $130M | 0.07% |
4,315,078
+712,227
| +20% | +$23.3M |
|
312
Prologis
PLD
$138B
| $130M | 0.07% |
1,156,232
+172,637
| +18% | +$21.1M |
|
313
TransUnion
TRU
$14.8B
| $130M | 0.07% |
1,806,893
+310,379
| +21% | +$24.3M |
|
314
Crown Holdings
CCK
$12.8B
| $128M | 0.07% |
1,449,090
-468,804
| -24% | -$42M |
|
|
315
Zimmer Biomet
ZBH
$17.7B
| $123M | 0.06% |
1,098,767
-3,110,332
| -74% | -$395M |
|
316
Ingersoll Rand
IR
$33B
| $123M | 0.06% |
1,926,086
-752
| -0% | -$50K |
|
317
Knowles
KN
$3.22B
| $123M | 0.06% |
8,276,814
-284,739
| -3% | -$4.67M |
|
318
Eversource Energy
ES
$28.2B
| $121M | 0.06% |
2,077,677
-93,077
| -4% | -$6.21M |
|
319
Xylem
XYL
$28.5B
| $121M | 0.06% |
1,325,728
+290,906
| +28% | +$30M |
|
|
SGEN
320
DELISTED
Seagen Inc. Common Stock
SGEN
| $120M | 0.06% |
564,465
+51,806
| +10% | +$10.3M |
|
321
DexCom
DXCM
$27.6B
| $119M | 0.06% |
1,279,898
+33,970
| +3% | +$3.83M |
|
322
Avient
AVNT
$3.45B
| $118M | 0.06% |
3,342,726
+108,735
| +3% | +$4.21M |
|
323
Public Service Enterprise Group
PEG
$39.8B
| $118M | 0.06% |
2,072,015
-72,459
| -3% | -$4.45M |
|
324
SouthState Bank Corp
SSB
$10.4B
| $117M | 0.06% |
1,742,080
+1,397
| +0.1% | +$101K |
|
325
Adient
ADNT
$1.6B
| $117M | 0.06% |
3,196,161
+414,719
| +15% | +$16.5M |
|
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.