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 | |
|---|---|---|---|---|---|---|
|
MRSH
601
Marsh
MRSH
$86.3B
| $30M | 0.02% |
157,769
+11,080
| +8% | +$2.12M |
|
602
Expeditors International
EXPD
$22.9B
| $29.8M | 0.02% |
260,285
-37,689
| -13% | -$4.48M |
|
|
TWNK
603
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $29.7M | 0.02% |
891,476
+16,531
| +2% | +$443K |
|
604
Logitech
LOGI
$15.2B
| $29.7M | 0.02% |
430,701
+426
| +0.1% | +$28.7K |
|
605
FedEx
FDX
$74.5B
| $29.4M | 0.02% |
111,063
-47,263
| -30% | -$12.3M |
|
|
PXD
606
DELISTED
Pioneer Natural Resource Co.
PXD
| $29.4M | 0.01% |
127,860
-2,950
| -2% | -$671K |
|
|
TPH
607
DELISTED
Tri Pointe Homes
TPH
| $29.3M | 0.01% |
1,070,244
-210,086
| -16% | -$6.45M |
|
608
Terreno Realty
TRNO
$7.68B
| $28.9M | 0.01% |
508,819
-192
| -0% | -$11.4K |
|
609
Texas Roadhouse
TXRH
$12.7B
| $28.9M | 0.01% |
300,303
-91,681
| -23% | -$9.76M |
|
610
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.74B
| $28.8M | 0.01% |
1,208,400
-516,600
| -30% | -$12.9M |
|
611
Bread Financial
BFH
$4.21B
| $28.8M | 0.01% |
842,251
-1,394,994
| -62% | -$51.1M |
|
612
BP
BP
$113B
| $28.8M | 0.01% |
742,734
-4,319,576
| -85% | -$160M |
|
613
Huntsman Corp
HUN
$2.24B
| $28.6M | 0.01% |
1,173,726
-376,125
| -24% | -$10.2M |
|
614
Idacorp
IDA
$8.23B
| $28.4M | 0.01% |
303,655
-233,109
| -43% | -$23M |
|
615
Pinnacle Financial Partners Inc
PNFP
$15.5B
| $28.4M | 0.01% |
423,531
-52,687
| -11% | -$3.55M |
|
616
Welltower
WELL
$178B
| $27.8M | 0.01% |
339,001
-14,931
| -4% | -$1.23M |
|
617
Pultegroup
PHM
$24.5B
| $27.7M | 0.01% |
374,733
+144,822
| +63% | +$11.5M |
|
618
Fortinet
FTNT
$112B
| $27.6M | 0.01% |
470,225
-54,095
| -10% | -$3.58M |
|
619
Wolfspeed
WOLF
$1.2B
| $27.5M | 0.01% |
722,512
+45,560
| +7% | +$2.38M |
|
620
CSX Corp
CSX
$98.6B
| $27.5M | 0.01% |
895,117
+41,354
| +5% | +$1.31M |
|
621
B2Gold
BTG
$5.16B
| $27.5M | 0.01% |
9,579,492
+6,865
| +0.1% | +$22.3K |
|
622
Commercial Metals
CMC
$7.63B
| $27.2M | 0.01% |
550,044
-101,581
| -16% | -$5.52M |
|
623
Aon
AON
$77.3B
| $27M | 0.01% |
83,168
-15,395
| -16% | -$5.09M |
|
|
HCP
624
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $26.8M | 0.01% |
+1,176,042
| New | +$31.9M |
|
625
Alnylam Pharmaceuticals
ALNY
$36.3B
| $26.6M | 0.01% |
150,294
-76
| -0.1% | -$14.5K |
|
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.