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 | |
|---|---|---|---|---|---|---|
51
Salesforce
CRM
$129B
| $944M | 0.44% |
3,588,120
-431,778
| -11% | -$97.7M |
|
52
McDonald's
MCD
$187B
| $934M | 0.44% |
3,151,095
+25,131
| +0.8% | +$6.84M |
|
53
Abbott
ABT
$175B
| $915M | 0.43% |
8,316,700
+130,385
| +2% | +$13M |
|
54
Shopify
SHOP
$145B
| $884M | 0.41% |
11,352,453
-1,650,389
| -13% | -$105M |
|
55
Nike
NKE
$60.8B
| $864M | 0.4% |
7,960,673
-110,553
| -1% | -$11.9M |
|
56
Blackrock
BLK
$161B
| $858M | 0.4% |
1,056,502
-70,263
| -6% | -$49M |
|
57
CVS Health
CVS
$136B
| $834M | 0.39% |
10,565,389
+146,378
| +1% | +$10.4M |
|
58
Franklin US Equity Index ETF
USPX
$1.97B
| $829M | 0.39% |
19,925,983
+1,493,880
| +8% | +$58.3M |
|
59
Workday
WDAY
$31.6B
| $826M | 0.39% |
2,992,912
-85,422
| -3% | -$20.3M |
|
60
Cadence Design Systems
CDNS
$91.1B
| $811M | 0.38% |
2,975,819
+3,612
| +0.1% | +$931K |
|
61
Duke Energy
DUK
$101B
| $787M | 0.37% |
8,113,443
+42,782
| +0.5% | +$3.89M |
|
|
62
Morgan Stanley
MS
$338B
| $786M | 0.37% |
8,426,697
-3,106,684
| -27% | -$249M |
|
63
MongoDB
MDB
$24.1B
| $784M | 0.37% |
1,918,297
+161,482
| +9% | +$61.3M |
|
64
Idexx Laboratories
IDXX
$42.5B
| $780M | 0.36% |
1,405,824
+28,475
| +2% | +$13.4M |
|
|
65
PNC Financial Services
PNC
$99.5B
| $757M | 0.35% |
4,888,327
+3,046,226
| +165% | +$394M |
|
|
66
Albemarle
ALB
$13.8B
| $749M | 0.35% |
5,185,734
+1,667,164
| +47% | +$229M |
|
67
Lam Research
LRCX
$400B
| $749M | 0.35% |
9,565,480
-12,500
| -0.1% | -$852K |
|
68
Becton Dickinson
BDX
$42.1B
| $749M | 0.35% |
3,070,979
+5,532
| +0.2% | +$1.36M |
|
69
Walmart Inc
WMT
$863B
| $743M | 0.35% |
14,146,779
+331,518
| +2% | +$17.5M |
|
70
West Pharmaceutical
WST
$25B
| $741M | 0.35% |
2,105,589
+28,010
| +1% | +$9.91M |
|
71
Lowe's Companies
LOW
$113B
| $740M | 0.35% |
3,326,358
-142,059
| -4% | -$28.8M |
|
72
Broadcom
AVGO
$1.87T
| $707M | 0.33% |
6,329,810
+810,350
| +15% | +$76.7M |
|
73
Ross Stores
ROST
$74.5B
| $683M | 0.32% |
4,931,795
+161,202
| +3% | +$20.1M |
|
74
Booking.com
BKNG
$134B
| $676M | 0.32% |
4,767,250
+439,800
| +10% | +$54.9M |
|
75
AstraZeneca
AZN
$261B
| $660M | 0.31% |
4,902,750
-755,510
| -13% | -$98.2M |
|
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.