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 |
FITB
Fifth Third Bancorp
FITB
|
+$293M |
| 2 |
Pfizer
PFE
|
+$290M |
| 3 |
Goldman Sachs
GS
|
+$282M |
| 4 |
NextEra Energy
NEE
|
+$230M |
| 5 |
General Motors
GM
|
+$225M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AbbVie
ABBV
|
+$418M |
| 2 |
SIVB
SVB Financial Group
SIVB
|
+$345M |
| 3 |
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
|
+$334M |
| 4 |
Broadcom
AVGO
|
+$322M |
| 5 |
Western Digital
WDC
|
+$313M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.74% |
| 2 | Healthcare | 15.7% |
| 3 | Financials | 10.76% |
| 4 | Industrials | 9.41% |
| 5 | Consumer Discretionary | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Dominion Energy
D
$62.8B
| $852M | 0.43% |
15,231,191
+95,055
| +0.6% | +$5.56M |
|
52
Salesforce
CRM
$129B
| $850M | 0.43% |
4,255,278
-41,472
| -1% | -$7.01M |
|
53
Accenture
ACN
$84.9B
| $830M | 0.42% |
2,905,317
-601,367
| -17% | -$164M |
|
54
AstraZeneca
AZN
$261B
| $825M | 0.41% |
5,940,823
-576,202
| -9% | -$77.5M |
|
55
Intuitive Surgical
ISRG
$119B
| $824M | 0.41% |
3,225,432
+13,653
| +0.4% | +$3.36M |
|
56
T-Mobile US
TMUS
$183B
| $818M | 0.41% |
5,646,223
-413,069
| -7% | -$59.8M |
|
57
Abbott
ABT
$175B
| $816M | 0.41% |
8,053,753
-1,600,707
| -17% | -$169M |
|
58
West Pharmaceutical
WST
$25B
| $793M | 0.4% |
2,288,215
-182,491
| -7% | -$53.3M |
|
59
Union Pacific
UNP
$181B
| $790M | 0.4% |
3,927,297
-896,551
| -19% | -$182M |
|
60
Blackrock
BLK
$161B
| $761M | 0.38% |
1,137,466
-136,537
| -11% | -$96.2M |
|
61
Duke Energy
DUK
$101B
| $756M | 0.38% |
7,839,606
-81,641
| -1% | -$8.07M |
|
62
CVS Health
CVS
$136B
| $730M | 0.37% |
9,826,510
+2,249,987
| +30% | +$189M |
|
63
Lowe's Companies
LOW
$113B
| $720M | 0.36% |
3,601,902
-21,223
| -0.6% | -$4.31M |
|
64
Edison International
EIX
$30.6B
| $716M | 0.36% |
10,143,666
-315,319
| -3% | -$21.3M |
|
65
SLB Ltd
SLB
$70.6B
| $699M | 0.35% |
14,236,235
+1,581,040
| +12% | +$84M |
|
66
Franklin US Equity Index ETF
USPX
$1.97B
| $690M | 0.35% |
19,327,393
+1,685,340
| +10% | +$58.6M |
|
67
Becton Dickinson
BDX
$42.1B
| $687M | 0.34% |
2,776,434
-19,402
| -0.7% | -$4.75M |
|
68
Shopify
SHOP
$145B
| $679M | 0.34% |
14,167,758
+300,160
| +2% | +$13.2M |
|
69
Idexx Laboratories
IDXX
$42.5B
| $677M | 0.34% |
1,353,942
-13,605
| -1% | -$6.51M |
|
70
Mercado Libre
MELI
$91.2B
| $650M | 0.33% |
492,890
-62,877
| -11% | -$71.5M |
|
71
Merck
MRK
$322B
| $649M | 0.33% |
6,100,150
-123,532
| -2% | -$13.3M |
|
72
Walmart Inc
WMT
$863B
| $648M | 0.33% |
13,190,394
-1,225,278
| -8% | -$58.2M |
|
73
Novartis
NVS
$297B
| $642M | 0.32% |
6,982,292
+279,999
| +4% | +$24.5M |
|
74
Cadence Design Systems
CDNS
$91.1B
| $638M | 0.32% |
3,035,719
+242,958
| +9% | +$46M |
|
75
NXP Semiconductors
NXPI
$70B
| $615M | 0.31% |
3,298,026
-145,719
| -4% | -$26M |
|
Similar funds
Franklin Resources's Q1 2023 Portfolio in Review
As of Q1 2023, Franklin Resources held 2,440 positions worth $199B, up 3.6% from $192B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Franklin Resources withdrew a net $6.73B in Q1 2023, closing 130 positions and reducing 1,046 holdings. Its most notable exit was SVB Financial Group, an estimated $345M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Franklin Resources opened a new position in Franklin Responsibly Sourced Gold ETF worth $55M.
- Franklin Resources's largest Q1 2023 buy was Franklin Responsibly Sourced Gold ETF: 2,085,000 shares worth $55M.
- Franklin Resources added most to Fifth Third Bancorp in Q1 2023, an estimated $293M increase.
- Franklin Resources's biggest Q1 2023 reduction was AbbVie, cutting an estimated $418M.
- Franklin Resources fully exited SVB Financial Group in Q1 2023, selling an estimated $345M.
- Franklin Resources's ten largest holdings make up 16% of its $199B portfolio in Q1 2023.
- Franklin Resources opened 112 new positions and closed 130 in Q1 2023.
- Franklin Resources's portfolio value rose 3.6% quarter-over-quarter to $199B.
Based on Franklin Resources's 13F filing for Q1 2023, filed 12 May 2023.