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 |
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
|
+$675M |
| 2 |
Oracle
ORCL
|
+$536M |
| 3 |
Franklin US Core Bond ETF
FLCB
|
+$362M |
| 4 |
Franklin Investment Grade Corporate ETF
FLCO
|
+$336M |
| 5 |
Cisco
CSCO
|
+$241M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$615M |
| 2 |
Wells Fargo
WFC
|
+$530M |
| 3 |
JPMorgan Chase
JPM
|
+$377M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$334M |
| 5 |
Capital One
COF
|
+$331M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.91% |
| 2 | Healthcare | 15.8% |
| 3 | Financials | 13.51% |
| 4 | Industrials | 9.2% |
| 5 | Consumer Discretionary | 6.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Honeywell
HON
$78B
| $1.19B | 0.63% |
7,141,326
+75,224
| +1% | +$12.3M |
|
27
Occidental Petroleum
OXY
$57.3B
| $1.16B | 0.61% |
28,198,758
-3,054,492
| -10% | -$122M |
|
|
RDS.A
28
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $1.16B | 0.61% |
19,647,127
+53,352
| +0.3% | +$3.12M |
|
29
Franklin US Large Cap Multifactor Index ETF
FLQL
$2.04B
| $1.16B | 0.61% |
33,016,917
-225,570
| -0.7% | -$7.63M |
|
30
Duke Energy
DUK
$101B
| $1.14B | 0.6% |
12,469,974
+36,996
| +0.3% | +$3.39M |
|
31
Pfizer
PFE
$143B
| $1.13B | 0.6% |
30,469,192
-19,635
| -0.1% | -$699K |
|
32
Wheaton Precious Metals
WPM
$50B
| $1.13B | 0.59% |
37,982,842
-3,878,173
| -9% | -$106M |
|
33
Novartis
NVS
$297B
| $1.12B | 0.59% |
11,799,184
-534,300
| -4% | -$47.9M |
|
34
Kroger
KR
$34.2B
| $1.11B | 0.59% |
38,422,063
-1,482,801
| -4% | -$39.3M |
|
35
Linde
LIN
$234B
| $1.09B | 0.57% |
5,120,894
-50,492
| -1% | -$10.2M |
|
36
Analog Devices
ADI
$185B
| $1.08B | 0.57% |
9,108,967
-870,637
| -9% | -$98.1M |
|
|
WBA
37
DELISTED
Walgreens Boots Alliance
WBA
| $1.08B | 0.57% |
18,273,697
-2,308,724
| -11% | -$133M |
|
38
Nike
NKE
$60.8B
| $1.06B | 0.56% |
10,450,561
+524,108
| +5% | +$49.4M |
|
39
Williams Companies
WMB
$92B
| $1.05B | 0.55% |
44,352,230
+9,730,215
| +28% | +$223M |
|
40
Accenture
ACN
$84.9B
| $1.04B | 0.55% |
4,953,041
+56,315
| +1% | +$11M |
|
41
Chevron
CVX
$387B
| $1.04B | 0.54% |
8,603,527
-85,014
| -1% | -$10M |
|
42
Comcast
CMCSA
$78.3B
| $1.04B | 0.54% |
23,027,818
-808,248
| -3% | -$36M |
|
43
Air Products & Chemicals
APD
$65.5B
| $1.03B | 0.54% |
4,388,992
+33,570
| +0.8% | +$7.58M |
|
44
NextEra Energy
NEE
$187B
| $1.01B | 0.53% |
16,625,600
-86,224
| -0.5% | -$5.03M |
|
45
Gilead Sciences
GILD
$162B
| $1B | 0.53% |
15,426,113
-884,177
| -5% | -$57.6M |
|
46
Eli Lilly
LLY
$1.06T
| $996M | 0.52% |
7,579,405
+607,932
| +9% | +$70.5M |
|
47
Becton Dickinson
BDX
$42.1B
| $983M | 0.52% |
3,704,812
-12,807
| -0.3% | -$3.19M |
|
48
ServiceNow
NOW
$95.1B
| $921M | 0.48% |
16,315,900
-135
| -0% | -$7.11K |
|
49
Cognizant
CTSH
$20.3B
| $900M | 0.47% |
14,515,928
-505,475
| -3% | -$31.2M |
|
|
50
Franklin US Core Bond ETF
FLCB
$3.01B
| $896M | 0.47% |
35,697,144
+14,396,004
| +68% | +$362M |
|
Similar funds
Franklin Resources's Q4 2019 Portfolio in Review
As of Q4 2019, Franklin Resources held 1,610 positions worth $190B, up 3.4% from $184B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Franklin Resources withdrew a net $9.13B in Q4 2019, closing 87 positions and reducing 698 holdings. Its most notable exit was Celgene Corp, an estimated $615M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Franklin Resources opened a new position in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A worth $707M.
- Franklin Resources's largest Q4 2019 buy was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A: 600,575 shares worth $707M.
- Franklin Resources added most to Oracle in Q4 2019, an estimated $536M increase.
- Franklin Resources's biggest Q4 2019 reduction was Wells Fargo, cutting an estimated $530M.
- Franklin Resources fully exited Celgene Corp in Q4 2019, selling an estimated $615M.
- Franklin Resources's ten largest holdings make up 12% of its $190B portfolio in Q4 2019.
- Franklin Resources opened 103 new positions and closed 87 in Q4 2019.
- Franklin Resources's portfolio value rose 3.4% quarter-over-quarter to $190B.
Based on Franklin Resources's 13F filing for Q4 2019, filed 12 Feb 2020.