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 |
Advanced Micro Devices
AMD
|
+$824M |
| 2 |
Lam Research
LRCX
|
+$571M |
| 3 |
Cisco
CSCO
|
+$570M |
| 4 |
Apple
AAPL
|
+$535M |
| 5 |
Bank of America
BAC
|
+$516M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America Series L
BAC.PRL
|
+$10.4B |
| 2 |
Johnson & Johnson
JNJ
|
+$1.06B |
| 3 |
Seagate
STX
|
+$1.05B |
| 4 |
ServiceNow
NOW
|
+$666M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$653M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.61% |
| 2 | Financials | 12.93% |
| 3 | Healthcare | 12.26% |
| 4 | Industrials | 9.49% |
| 5 | Consumer Discretionary | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Johnson Controls International
JCI
$91.8B
| $2.71B | 0.67% |
22,655,105
+718,245
| +3% | +$82.5M |
|
27
RTX Corp
RTX
$297B
| $2.65B | 0.65% |
14,472,709
-945,166
| -6% | -$164M |
|
28
General Motors
GM
$75.7B
| $2.62B | 0.64% |
32,158,403
+835,645
| +3% | +$58.9M |
|
29
Chevron
CVX
$388B
| $2.59B | 0.64% |
17,019,506
-983,590
| -5% | -$150M |
|
30
McKesson
MCK
$100B
| $2.32B | 0.57% |
2,825,954
+144,633
| +5% | +$118M |
|
31
Philip Morris
PM
$294B
| $2.31B | 0.57% |
14,401,706
+842,635
| +6% | +$131M |
|
32
TSMC
TSM
$2.23T
| $2.28B | 0.56% |
7,513,453
+605,256
| +9% | +$178M |
|
|
33
Johnson & Johnson
JNJ
$631B
| $2.23B | 0.55% |
10,795,058
-5,342,443
| -33% | -$1.06B |
|
34
Blackrock
BLK
$183B
| $2.22B | 0.54% |
2,070,468
+253,314
| +14% | +$277M |
|
35
Accenture
ACN
$110B
| $2.19B | 0.54% |
8,173,338
+1,122,855
| +16% | +$285M |
|
36
UnitedHealth
UNH
$358B
| $2.12B | 0.52% |
6,419,703
+583,226
| +10% | +$198M |
|
37
PepsiCo
PEP
$192B
| $2.03B | 0.5% |
14,129,784
-930,873
| -6% | -$137M |
|
38
Honeywell
HON
$74.6B
| $2B | 0.49% |
10,227,201
-591,331
| -5% | -$116M |
|
39
Regeneron Pharmaceuticals
REGN
$83.2B
| $1.98B | 0.48% |
2,560,004
+106,861
| +4% | +$72.6M |
|
40
Freeport-McMoran
FCX
$93.3B
| $1.9B | 0.47% |
37,353,852
+8,891,743
| +31% | +$385M |
|
41
AstraZeneca
AZN
$244B
| $1.85B | 0.45% |
10,078,872
+222,507
| +2% | +$39M |
|
42
Hilton Worldwide
HLT
$72.3B
| $1.81B | 0.44% |
6,294,665
+284,352
| +5% | +$77.4M |
|
43
Northrop Grumman
NOC
$81.7B
| $1.78B | 0.44% |
3,125,139
+128,855
| +4% | +$74.8M |
|
|
44
Lam Research
LRCX
$422B
| $1.73B | 0.42% |
10,110,560
+3,671,073
| +57% | +$571M |
|
45
CRH
CRH
$65B
| $1.71B | 0.42% |
13,682,872
-326,656
| -2% | -$38.9M |
|
46
Merck
MRK
$332B
| $1.69B | 0.41% |
16,064,050
-682,940
| -4% | -$64.1M |
|
47
Franklin US Core Bond ETF
FLCB
$3.05B
| $1.68B | 0.41% |
77,826,313
-2,168,098
| -3% | -$47.1M |
|
48
PNC Financial Services
PNC
$102B
| $1.68B | 0.41% |
8,031,778
+71,606
| +0.9% | +$13.8M |
|
49
Union Pacific
UNP
$177B
| $1.67B | 0.41% |
7,198,449
+34,115
| +0.5% | +$7.79M |
|
50
Southwest Airlines
LUV
$22B
| $1.66B | 0.41% |
40,200,530
+2,712,964
| +7% | +$94.8M |
|
Similar funds
Franklin Resources's Q4 2025 Portfolio in Review
As of Q4 2025, Franklin Resources held 3,311 positions worth $408B, up 1.6% from $401B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Franklin Resources withdrew a net $16.8B in Q4 2025, closing 194 positions and reducing 1,223 holdings. Its most notable exit was Kellanova, an estimated $270M 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 Financials and Healthcare.
Against the trend, Franklin Resources opened a new position in Qnity Electronics Inc worth $288M.
- Franklin Resources's largest Q4 2025 buy was Qnity Electronics Inc: 3,521,358 shares worth $288M.
- Franklin Resources added most to Advanced Micro Devices in Q4 2025, an estimated $824M increase.
- Franklin Resources's biggest Q4 2025 reduction was Bank of America Series L, cutting an estimated $10.4B.
- Franklin Resources fully exited Kellanova in Q4 2025, selling an estimated $270M.
- Franklin Resources's ten largest holdings make up 25% of its $408B portfolio in Q4 2025.
- Franklin Resources opened 191 new positions and closed 194 in Q4 2025.
- Franklin Resources's portfolio value rose 1.6% quarter-over-quarter to $408B.
Based on Franklin Resources's 13F filing for Q4 2025, filed 11 Feb 2026.