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 | |
|---|---|---|---|---|---|---|
26
Comcast
CMCSA
$78.3B
| $1.32B | 0.67% |
29,880,708
-5,793,677
| -16% | -$259M |
|
27
Franklin US Core Bond ETF
FLCB
$3.01B
| $1.29B | 0.66% |
63,044,237
+866,939
| +1% | +$18.2M |
|
|
28
Eli Lilly
LLY
$1.06T
| $1.29B | 0.66% |
2,407,177
-781,055
| -24% | -$402M |
|
|
29
PepsiCo
PEP
$184B
| $1.29B | 0.66% |
7,609,886
+1,119,821
| +17% | +$203M |
|
30
Honeywell
HON
$78B
| $1.27B | 0.65% |
7,322,142
-477,895
| -6% | -$87.4M |
|
31
Stryker
SYK
$122B
| $1.27B | 0.65% |
4,657,231
+826
| +0% | +$237K |
|
32
Meta Platforms (Facebook)
META
$1.54T
| $1.13B | 0.58% |
3,768,960
-185,419
| -5% | -$55.9M |
|
33
Tesla
TSLA
$1.26T
| $1.13B | 0.57% |
4,507,344
+23,690
| +0.5% | +$6.09M |
|
34
Thermo Fisher Scientific
TMO
$213B
| $1.1B | 0.56% |
2,171,200
+163,514
| +8% | +$87.1M |
|
35
AbbVie
ABBV
$454B
| $1.08B | 0.55% |
7,231,896
+110,691
| +2% | +$16.2M |
|
36
Walt Disney
DIS
$161B
| $1.06B | 0.54% |
13,018,587
+2,080,750
| +19% | +$178M |
|
37
Union Pacific
UNP
$181B
| $1.05B | 0.53% |
5,140,152
-1,075,474
| -17% | -$234M |
|
38
Target
TGT
$61.1B
| $1.04B | 0.53% |
9,394,666
+421,285
| +5% | +$53.5M |
|
39
Air Products & Chemicals
APD
$65.5B
| $1.02B | 0.52% |
3,581,979
-51,059
| -1% | -$15M |
|
40
Southern Company
SO
$109B
| $1.02B | 0.52% |
15,684,792
-386,126
| -2% | -$26.8M |
|
41
RTX Corp
RTX
$282B
| $979M | 0.5% |
13,598,000
-747,757
| -5% | -$64M |
|
|
42
Merck
MRK
$322B
| $978M | 0.5% |
9,497,273
+2,556,466
| +37% | +$276M |
|
43
Morgan Stanley
MS
$338B
| $942M | 0.48% |
11,533,381
+346,006
| +3% | +$30M |
|
44
Lockheed Martin
LMT
$131B
| $921M | 0.47% |
2,252,859
+414,916
| +23% | +$184M |
|
45
ExxonMobil
XOM
$650B
| $908M | 0.46% |
7,725,539
-164,962
| -2% | -$18.1M |
|
46
Intuitive Surgical
ISRG
$119B
| $895M | 0.46% |
3,063,102
-1,195
| -0% | -$373K |
|
47
Accenture
ACN
$84.9B
| $895M | 0.45% |
2,915,061
-4,053
| -0.1% | -$1.28M |
|
48
Johnson Controls International
JCI
$87.4B
| $857M | 0.44% |
16,113,540
+1,708,651
| +12% | +$105M |
|
49
Monolithic Power Systems
MPWR
$68.6B
| $826M | 0.42% |
1,787,378
-16,336
| -0.9% | -$8.36M |
|
50
McDonald's
MCD
$187B
| $824M | 0.42% |
3,125,964
-70,775
| -2% | -$20.2M |
|
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.