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 | |
|---|---|---|---|---|---|---|
526
Simply Good Foods
SMPL
$904M
| $41.2M | 0.02% |
1,192,931
-3,651
| -0.3% | -$131K |
|
527
Jack in the Box
JACK
$278M
| $41.1M | 0.02% |
595,124
+141,111
| +31% | +$12M |
|
528
Avery Dennison
AVY
$12.3B
| $41M | 0.02% |
224,473
+22,546
| +11% | +$4.08M |
|
529
NCR Voyix
VYX
$1.06B
| $40.9M | 0.02% |
2,473,232
-783,702
| -24% | -$13.3M |
|
530
Sun Life Financial
SLF
$45.6B
| $40.8M | 0.02% |
836,514
-7,754
| -0.9% | -$389K |
|
531
Peoples Bancorp
PEBO
$1.45B
| $40.7M | 0.02% |
1,601,932
-24,258
| -1% | -$645K |
|
532
Halliburton
HAL
$27.9B
| $40.1M | 0.02% |
990,255
-95,976
| -9% | -$3.76M |
|
533
Realty Income
O
$61.2B
| $40M | 0.02% |
801,802
-84,343
| -10% | -$4.85M |
|
534
LiveRamp
RAMP
$2.29B
| $39.7M | 0.02% |
1,376,646
-3,151
| -0.2% | -$93K |
|
|
BECN
535
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $39.7M | 0.02% |
514,042
-2,967
| -0.6% | -$240K |
|
536
Red Rock Resorts
RRR
$3.74B
| $38.7M | 0.02% |
945,048
-63,075
| -6% | -$2.85M |
|
|
SABA
537
Saba Capital Income & Opportunities Fund II
SABA
$220M
| $38.6M | 0.02% |
4,995,294
| – | – |
|
538
FirstService
FSV
$6.32B
| $38.5M | 0.02% |
264,498
+3,774
| +1% | +$576K |
|
539
IDEX
IEX
$16.5B
| $38.4M | 0.02% |
184,719
-946
| -0.5% | -$205K |
|
540
Targa Resources
TRGP
$60.4B
| $38.4M | 0.02% |
447,844
+25,880
| +6% | +$2.14M |
|
541
lululemon athletica
LULU
$13B
| $38.2M | 0.02% |
99,093
-162,102
| -62% | -$61.9M |
|
542
L3Harris
LHX
$55.9B
| $38.2M | 0.02% |
219,395
+82,790
| +61% | +$15.2M |
|
543
Brinker International
EAT
$8.02B
| $38.1M | 0.02% |
1,206,413
-1,349,992
| -53% | -$47.2M |
|
544
Franklin FTSE Taiwan ETF
FLTW
$2.83B
| $37.9M | 0.02% |
1,040,000
-220,000
| -17% | -$8.33M |
|
545
Aflac
AFL
$63.9B
| $37.7M | 0.02% |
491,097
-18,066
| -4% | -$1.34M |
|
546
General Mills
GIS
$19.2B
| $37.7M | 0.02% |
588,729
+258,827
| +78% | +$18.3M |
|
547
RBC Bearings
RBC
$18.8B
| $37.4M | 0.02% |
159,857
-191
| -0.1% | -$43.3K |
|
548
Seacoast Banking Corp of Florida
SBCF
$3.26B
| $37.3M | 0.02% |
1,697,998
+343,572
| +25% | +$8.04M |
|
|
INCE
549
Franklin Income Equity Focus ETF
INCE
$132M
| $37M | 0.02% |
780,719
+6
| +0% | +$295 |
|
550
VICI Properties
VICI
$29.4B
| $36.8M | 0.02% |
1,265,994
-103,997
| -8% | -$3.23M |
|
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.