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 |
PNC Financial Services
PNC
|
+$394M |
| 2 |
Chevron
CVX
|
+$272M |
| 3 |
Albemarle
ALB
|
+$229M |
| 4 |
PepsiCo
PEP
|
+$223M |
| 5 |
ExxonMobil
XOM
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$427M |
| 2 |
Bank of America
BAC
|
+$351M |
| 3 |
Morgan Stanley
MS
|
+$249M |
| 4 |
Honeywell
HON
|
+$234M |
| 5 |
Apple
AAPL
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.6% |
| 2 | Healthcare | 14.36% |
| 3 | Financials | 10.56% |
| 4 | Industrials | 10.06% |
| 5 | Consumer Discretionary | 8.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Bank of America
BAC
$430B
| $1.4B | 0.66% |
41,625,814
-12,048,412
| -22% | -$351M |
|
27
Meta Platforms (Facebook)
META
$1.54T
| $1.4B | 0.66% |
3,958,529
+189,569
| +5% | +$61.7M |
|
28
NextEra Energy
NEE
$187B
| $1.36B | 0.64% |
22,468,711
-3,750,262
| -14% | -$214M |
|
29
Target
TGT
$61.1B
| $1.36B | 0.63% |
9,531,846
+137,180
| +1% | +$16.7M |
|
30
Eli Lilly
LLY
$1.06T
| $1.35B | 0.63% |
2,322,197
-84,980
| -4% | -$49.6M |
|
31
Union Pacific
UNP
$181B
| $1.35B | 0.63% |
5,504,181
+364,029
| +7% | +$80M |
|
32
Thermo Fisher Scientific
TMO
$213B
| $1.34B | 0.63% |
2,518,760
+347,560
| +16% | +$168M |
|
33
Franklin US Core Bond ETF
FLCB
$3.01B
| $1.27B | 0.59% |
58,540,004
-4,504,233
| -7% | -$93.4M |
|
|
34
Honeywell
HON
$78B
| $1.19B | 0.56% |
6,026,232
-1,295,910
| -18% | -$234M |
|
35
Lockheed Martin
LMT
$131B
| $1.17B | 0.55% |
2,589,447
+336,588
| +15% | +$149M |
|
36
AbbVie
ABBV
$454B
| $1.17B | 0.55% |
7,570,685
+338,789
| +5% | +$49.4M |
|
37
Comcast
CMCSA
$78.3B
| $1.16B | 0.54% |
26,408,131
-3,472,577
| -12% | -$149M |
|
38
Monolithic Power Systems
MPWR
$68.6B
| $1.15B | 0.54% |
1,830,569
+43,191
| +2% | +$22.6M |
|
39
Walt Disney
DIS
$161B
| $1.13B | 0.53% |
12,466,869
-551,718
| -4% | -$48.6M |
|
40
Tesla
TSLA
$1.26T
| $1.1B | 0.52% |
4,440,335
-67,009
| -1% | -$15.9M |
|
41
Merck
MRK
$322B
| $1.1B | 0.52% |
10,114,295
+617,022
| +6% | +$64M |
|
42
Southern Company
SO
$109B
| $1.1B | 0.51% |
15,658,870
-25,922
| -0.2% | -$1.78M |
|
43
Accenture
ACN
$84.9B
| $1.02B | 0.48% |
2,902,404
-12,657
| -0.4% | -$4.08M |
|
44
ASML
ASML
$693B
| $1.01B | 0.47% |
1,338,337
-16,647
| -1% | -$11M |
|
45
Intuitive Surgical
ISRG
$119B
| $1.01B | 0.47% |
3,001,279
-61,823
| -2% | -$18.4M |
|
46
Air Products & Chemicals
APD
$65.5B
| $983M | 0.46% |
3,589,378
+7,399
| +0.2% | +$2.03M |
|
47
RTX Corp
RTX
$282B
| $962M | 0.45% |
11,436,008
-2,161,992
| -16% | -$171M |
|
|
48
ExxonMobil
XOM
$650B
| $959M | 0.45% |
9,594,080
+1,868,541
| +24% | +$196M |
|
49
Johnson Controls International
JCI
$87.4B
| $946M | 0.44% |
16,419,338
+305,798
| +2% | +$16.1M |
|
50
Adobe
ADBE
$84.3B
| $945M | 0.44% |
1,583,878
+19,070
| +1% | +$11M |
|
Similar funds
Franklin Resources's Q4 2023 Portfolio in Review
As of Q4 2023, Franklin Resources held 2,774 positions worth $214B, up 8.7% from $197B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Franklin Resources withdrew a net $7.44B in Q4 2023, closing 138 positions and reducing 1,143 holdings. Its most notable exit was Activision Blizzard, an estimated $427M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Franklin Resources opened a new position in Veralto worth $178M.
- Franklin Resources's largest Q4 2023 buy was Veralto: 2,163,991 shares worth $178M.
- Franklin Resources added most to PNC Financial Services in Q4 2023, an estimated $394M increase.
- Franklin Resources's biggest Q4 2023 reduction was Bank of America, cutting an estimated $351M.
- Franklin Resources fully exited Activision Blizzard in Q4 2023, selling an estimated $427M.
- Franklin Resources's ten largest holdings make up 18% of its $214B portfolio in Q4 2023.
- Franklin Resources opened 114 new positions and closed 138 in Q4 2023.
- Franklin Resources's portfolio value rose 8.7% quarter-over-quarter to $214B.
Based on Franklin Resources's 13F filing for Q4 2023, filed 9 Feb 2024.