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 | |
|---|---|---|---|---|---|---|
351
HealthEquity
HQY
$7.91B
| $101M | 0.05% |
1,384,072
-61,313
| -4% | -$4.14M |
|
352
Paylocity
PCTY
$6.71B
| $101M | 0.05% |
553,426
-7,284
| -1% | -$1.46M |
|
|
XYZ
353
Block Inc
XYZ
$45.9B
| $100M | 0.05% |
2,260,260
+808,355
| +56% | +$50.1M |
|
354
First Interstate BancSystem
FIBK
$3.7B
| $99.9M | 0.05% |
4,004,564
+494,647
| +14% | +$12.9M |
|
355
Franklin FTSE United Kingdom ETF
FLGB
$887M
| $97.4M | 0.05% |
4,075,192
+1,700,000
| +72% | +$41.4M |
|
356
WSFS Financial
WSFS
$4.16B
| $96.9M | 0.05% |
2,653,526
+84,559
| +3% | +$3.37M |
|
357
Horace Mann Educators
HMN
$2.1B
| $96.2M | 0.05% |
3,274,504
+765,041
| +30% | +$22.2M |
|
358
Primoris Services
PRIM
$4.69B
| $95.6M | 0.05% |
2,920,855
| – | – |
|
359
Bank of Montreal
BMO
$125B
| $95.6M | 0.05% |
1,132,846
+31,371
| +3% | +$2.76M |
|
360
Infosys
INFY
$45B
| $95.3M | 0.05% |
5,568,784
-1,530
| -0% | -$26.1K |
|
361
CGI
GIB
$13.9B
| $94.6M | 0.05% |
959,668
+5,553
| +0.6% | +$567K |
|
362
IQVIA
IQV
$34.7B
| $94.4M | 0.05% |
479,992
-883
| -0.2% | -$192K |
|
363
BellRing Brands
BRBR
$1.51B
| $94.3M | 0.05% |
2,287,446
-152,969
| -6% | -$5.86M |
|
|
ITCI
364
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $93.1M | 0.05% |
1,788,064
-20,165
| -1% | -$1.17M |
|
365
Descartes Systems
DSGX
$5.84B
| $93M | 0.05% |
1,266,807
+11,949
| +1% | +$901K |
|
366
Planet Fitness
PLNT
$4.23B
| $92.8M | 0.05% |
1,886,578
+119,847
| +7% | +$7.25M |
|
367
BCE
BCE
$19.9B
| $91.9M | 0.05% |
2,406,478
+186,227
| +8% | +$7.82M |
|
368
WEC Energy
WEC
$37.7B
| $90.9M | 0.05% |
1,129,053
-11,226
| -1% | -$975K |
|
369
Caterpillar
CAT
$409B
| $90.4M | 0.05% |
331,211
+32,100
| +11% | +$8.71M |
|
370
Edwards Lifesciences
EW
$47.6B
| $89.8M | 0.05% |
1,296,822
-458,565
| -26% | -$36.9M |
|
371
argenx
ARGX
$57.4B
| $89.8M | 0.05% |
182,668
-63,643
| -26% | -$31.1M |
|
372
iShares Core S&P Small-Cap ETF
IJR
$109B
| $89.4M | 0.05% |
947,425
+19,132
| +2% | +$1.91M |
|
373
Marathon Petroleum
MPC
$90.3B
| $89.1M | 0.05% |
588,592
-75,315
| -11% | -$10.5M |
|
374
Envista
NVST
$4.28B
| $88.8M | 0.05% |
3,184,306
-2,007,979
| -39% | -$65M |
|
375
Cohu
COHU
$2.39B
| $88.4M | 0.04% |
2,567,497
+294,813
| +13% | +$11.1M |
|
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.