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 | |
|---|---|---|---|---|---|---|
401
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.3B
| $73.9M | 0.04% |
1,520,028
-30,117
| -2% | -$1.5M |
|
402
iShares MSCI USA Quality Factor ETF
QUAL
$45.8B
| $73.6M | 0.04% |
558,757
-34,396
| -6% | -$4.7M |
|
403
Procore
PCOR
$6.46B
| $73.6M | 0.04% |
1,126,989
+148
| +0% | +$9.89K |
|
404
FirstEnergy
FE
$28.9B
| $73.5M | 0.04% |
2,149,961
-157,319
| -7% | -$5.85M |
|
405
MakeMyTrip
MMYT
$4.67B
| $72.8M | 0.04% |
1,795,698
-259,944
| -13% | -$9.01M |
|
406
LCI Industries
LCII
$2.51B
| $72.7M | 0.04% |
618,996
-14,126
| -2% | -$1.77M |
|
407
Sunstone Hotel Investors
SHO
$2.19B
| $72.7M | 0.04% |
7,771,070
-2,544,264
| -25% | -$24M |
|
408
HEICO Corp
HEI
$48.9B
| $71.8M | 0.04% |
443,255
-91,532
| -17% | -$15.5M |
|
409
Tronox
TROX
$995M
| $71.4M | 0.04% |
5,309,029
+4,527,559
| +579% | +$60.5M |
|
410
Yum China
YUMC
$14.9B
| $70.8M | 0.04% |
1,265,980
+52,967
| +4% | +$2.96M |
|
411
Vanguard Dividend Appreciation ETF
VIG
$111B
| $70.7M | 0.04% |
454,784
+15,899
| +4% | +$2.58M |
|
412
Penumbra
PEN
$12.5B
| $70.7M | 0.04% |
292,075
+79,367
| +37% | +$22M |
|
413
Alamos Gold
AGI
$12.4B
| $69.4M | 0.04% |
6,148,649
-569,263
| -8% | -$6.85M |
|
414
Labcorp
LH
$24.3B
| $69.3M | 0.04% |
344,929
-56,180
| -14% | -$11.8M |
|
415
Valero Energy
VLO
$89.8B
| $69M | 0.04% |
486,586
-83,587
| -15% | -$10.9M |
|
416
Public Storage
PSA
$60.2B
| $68.9M | 0.04% |
261,440
+48,504
| +23% | +$13.6M |
|
|
X
417
DELISTED
US Steel
X
| $68.8M | 0.04% |
2,117,841
+1,898,886
| +867% | +$53.3M |
|
418
Stellantis
STLA
$16.5B
| $68.3M | 0.03% |
3,569,084
+3,527,586
| +8,501% | +$66M |
|
419
Sonos
SONO
$1.75B
| $67.2M | 0.03% |
5,205,492
+492,444
| +10% | +$7.31M |
|
420
Highwoods Properties
HIW
$3.71B
| $67M | 0.03% |
3,250,448
+1,128,877
| +53% | +$26.8M |
|
421
Owens Corning
OC
$11.5B
| $65.9M | 0.03% |
482,826
+20,712
| +4% | +$2.85M |
|
422
TransDigm Group
TDG
$69.2B
| $65.6M | 0.03% |
77,823
-14,690
| -16% | -$12.9M |
|
423
Fidelity National Information Services
FIS
$21.5B
| $65.5M | 0.03% |
1,184,337
-548,635
| -32% | -$31.6M |
|
424
NorthWestern Energy
NWE
$4.48B
| $65.3M | 0.03% |
1,359,363
-723
| -0.1% | -$38.5K |
|
425
Teleflex
TFX
$5.85B
| $65M | 0.03% |
330,808
+613
| +0.2% | +$139K |
|
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.