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 | |
|---|---|---|---|---|---|---|
501
Camden National
CAC
$977M
| $46.5M | 0.02% |
1,236,840
+135,944
| +12% | +$4.43M |
|
502
Check Point Software Technologies
CHKP
$14.1B
| $46.5M | 0.02% |
304,180
-1,345,433
| -82% | -$190M |
|
503
Realty Income
O
$61.3B
| $46.2M | 0.02% |
804,167
+2,365
| +0.3% | +$124K |
|
504
Shift4
FOUR
$4.35B
| $46.2M | 0.02% |
620,850
-34,862
| -5% | -$2.08M |
|
505
First Bancorp
FBNC
$2.66B
| $46.1M | 0.02% |
1,245,024
+595,695
| +92% | +$18.7M |
|
506
Kimberly-Clark
KMB
$37.5B
| $46M | 0.02% |
378,551
-7,925
| -2% | -$958K |
|
507
Avery Dennison
AVY
$12.9B
| $45.8M | 0.02% |
226,781
+2,308
| +1% | +$431K |
|
508
Spire
SR
$4.88B
| $45.8M | 0.02% |
735,182
-102,182
| -12% | -$6.1M |
|
509
Canadian National Railway
CNI
$78.3B
| $45.6M | 0.02% |
362,649
-1,080,529
| -75% | -$122M |
|
510
RBC Bearings
RBC
$18.2B
| $45.6M | 0.02% |
159,946
+89
| +0.1% | +$21.8K |
|
|
BECN
511
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $44.7M | 0.02% |
513,830
-212
| -0% | -$16.6K |
|
512
LyondellBasell Industries
LYB
$18.8B
| $44.3M | 0.02% |
466,347
+104,067
| +29% | +$9.73M |
|
513
Clearfield
CLFD
$425M
| $44.3M | 0.02% |
1,523,943
+89
| +0% | +$2.37K |
|
514
Pultegroup
PHM
$25.7B
| $44M | 0.02% |
426,010
+51,277
| +14% | +$4.36M |
|
515
Franklin Dynamic Municipal Bond ETF
FLMI
$2.29B
| $43.8M | 0.02% |
1,807,405
-106
| -0% | -$2.47K |
|
516
Aflac
AFL
$65.9B
| $43.8M | 0.02% |
530,943
+39,846
| +8% | +$3.21M |
|
|
RYZ
517
Ryerson Holding Corp
RYZ
$1.61B
| $43.8M | 0.02% |
1,262,776
+164,447
| +15% | +$4.9M |
|
518
PVH
PVH
$4.01B
| $43M | 0.02% |
352,448
+335,291
| +1,954% | +$30M |
|
519
NVR
NVR
$17.3B
| $43M | 0.02% |
6,145
-1,454
| -19% | -$8.97M |
|
520
Granite Construction
GVA
$5.31B
| $43M | 0.02% |
845,475
-41,530
| -5% | -$1.81M |
|
521
IDEX
IEX
$16.6B
| $42.8M | 0.02% |
197,319
+12,600
| +7% | +$2.54M |
|
522
Altria Group
MO
$125B
| $42.8M | 0.02% |
1,060,800
+209,442
| +25% | +$8.66M |
|
523
Estee Lauder
EL
$30.7B
| $42.7M | 0.02% |
291,938
-7,797
| -3% | -$1.03M |
|
524
Cummins
CMI
$88.5B
| $42.7M | 0.02% |
178,062
-26,392
| -13% | -$6M |
|
525
Halliburton
HAL
$26.1B
| $42.6M | 0.02% |
1,179,579
+189,324
| +19% | +$7.28M |
|
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.