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 | |
|---|---|---|---|---|---|---|
51
Salesforce
CRM
$132B
| $815M | 0.41% |
4,019,898
-516,285
| -11% | -$112M |
|
52
Adobe
ADBE
$87.1B
| $798M | 0.41% |
1,564,808
+42,425
| +3% | +$22.3M |
|
53
ASML
ASML
$676B
| $798M | 0.41% |
1,354,984
-1,275
| -0.1% | -$847K |
|
54
Abbott
ABT
$179B
| $793M | 0.4% |
8,186,315
+135,316
| +2% | +$14.2M |
|
55
Becton Dickinson
BDX
$42.8B
| $793M | 0.4% |
3,065,447
+170,826
| +6% | +$46.1M |
|
56
West Pharmaceutical
WST
$23.9B
| $780M | 0.4% |
2,077,579
-96,187
| -4% | -$37.2M |
|
57
Nike
NKE
$61.1B
| $772M | 0.39% |
8,071,226
-914,246
| -10% | -$94M |
|
58
AstraZeneca
AZN
$263B
| $766M | 0.39% |
5,658,260
+1,135
| +0% | +$155K |
|
59
Walmart Inc
WMT
$866B
| $736M | 0.37% |
13,815,261
+242,997
| +2% | +$12.9M |
|
60
Blackrock
BLK
$161B
| $728M | 0.37% |
1,126,765
-11,433
| -1% | -$7.99M |
|
61
CVS Health
CVS
$138B
| $727M | 0.37% |
10,419,011
-626,293
| -6% | -$44.4M |
|
62
Lowe's Companies
LOW
$115B
| $721M | 0.37% |
3,468,417
-77,174
| -2% | -$17.4M |
|
63
Oracle
ORCL
$337B
| $714M | 0.36% |
6,741,245
+397,483
| +6% | +$46M |
|
64
Duke Energy
DUK
$101B
| $712M | 0.36% |
8,070,661
+141,923
| +2% | +$13M |
|
65
Shopify
SHOP
$145B
| $710M | 0.36% |
13,002,842
+1,819,689
| +16% | +$110M |
|
66
SLB Ltd
SLB
$76.4B
| $706M | 0.36% |
12,110,005
-2,698,415
| -18% | -$156M |
|
67
Pfizer
PFE
$141B
| $703M | 0.36% |
21,185,908
-913,302
| -4% | -$32.3M |
|
68
Cisco
CSCO
$444B
| $702M | 0.36% |
13,051,939
-1,179,071
| -8% | -$63.6M |
|
69
Cadence Design Systems
CDNS
$90.9B
| $696M | 0.35% |
2,972,207
-10,649
| -0.4% | -$2.49M |
|
70
Franklin US Equity Index ETF
USPX
$1.97B
| $689M | 0.35% |
18,432,103
-576,965
| -3% | -$22.5M |
|
71
Workday
WDAY
$32.7B
| $661M | 0.34% |
3,078,334
+136,293
| +5% | +$31.6M |
|
72
Novartis
NVS
$296B
| $633M | 0.32% |
6,211,092
+27,546
| +0.4% | +$2.8M |
|
73
Charter Communications
CHTR
$15.2B
| $630M | 0.32% |
1,432,963
-91,293
| -6% | -$38M |
|
74
Dominion Energy
D
$62.9B
| $625M | 0.32% |
13,997,374
+370
| +0% | +$18.4K |
|
75
MongoDB
MDB
$23.7B
| $608M | 0.31% |
1,756,815
+64,372
| +4% | +$24.4M |
|
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.