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 | |
|---|---|---|---|---|---|---|
926
Middleby
MIDD
$6.05B
| $7.28M | ﹤0.01% |
56,874
-8,346
| -13% | -$1.19M |
|
927
WD-40
WDFC
$3.1B
| $7.28M | ﹤0.01% |
35,815
+227
| +0.6% | +$48.5K |
|
928
HF Sinclair
DINO
$15.9B
| $7.26M | ﹤0.01% |
127,546
+42,448
| +50% | +$2.31M |
|
929
Arrow Electronics
ARW
$10.9B
| $7.18M | ﹤0.01% |
57,320
+11,846
| +26% | +$1.58M |
|
930
Heron Therapeutics
HRTX
$86.3M
| $7.17M | ﹤0.01% |
6,958,110
-499,942
| -7% | -$712K |
|
931
Matrix Service
MTRX
$347M
| $7.16M | ﹤0.01% |
607,019
| – | – |
|
932
Sanofi
SNY
$104B
| $7.15M | ﹤0.01% |
133,270
-53
| -0% | -$2.83K |
|
933
Marriott International
MAR
$98.7B
| $7.13M | ﹤0.01% |
36,279
+9,107
| +34% | +$1.81M |
|
934
Range Resources
RRC
$9.11B
| $7.11M | ﹤0.01% |
219,269
-73,748
| -25% | -$2.31M |
|
935
Boeing
BA
$165B
| $7.09M | ﹤0.01% |
37,005
+828
| +2% | +$181K |
|
936
Sterling Infrastructure
STRL
$20.3B
| $7.08M | ﹤0.01% |
96,402
-41,518
| -30% | -$2.91M |
|
|
NUVL
937
DELISTED
Nuvalent
NUVL
| $7.08M | ﹤0.01% |
154,046
+145,457
| +1,694% | +$6.46M |
|
938
Allison Transmission
ALSN
$10.1B
| $7.06M | ﹤0.01% |
119,565
-21,679
| -15% | -$1.28M |
|
939
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.22B
| $7.05M | ﹤0.01% |
64,313
| – | – |
|
940
State Street SPDR S&P Dividend ETF
SDY
$21.9B
| $7.05M | ﹤0.01% |
61,286
-885
| -1% | -$108K |
|
941
Murphy USA
MUSA
$11.3B
| $7.03M | ﹤0.01% |
20,563
+12,861
| +167% | +$4.09M |
|
942
Ball Corp
BALL
$17B
| $6.97M | ﹤0.01% |
139,971
-2,628
| -2% | -$143K |
|
943
Southwest Airlines
LUV
$22.1B
| $6.96M | ﹤0.01% |
257,292
+48,780
| +23% | +$1.59M |
|
944
Vanguard Mid-Cap ETF
VO
$106B
| $6.92M | ﹤0.01% |
132,944
+9,976
| +8% | +$547K |
|
945
Diamondback Energy
FANG
$57.6B
| $6.88M | ﹤0.01% |
44,393
+3,469
| +8% | +$512K |
|
946
Arcutis Biotherapeutics
ARQT
$3.42B
| $6.86M | ﹤0.01% |
1,292,353
-360,183
| -22% | -$3.06M |
|
947
Ryman Hospitality Properties
RHP
$8.4B
| $6.84M | ﹤0.01% |
82,165
-11,044
| -12% | -$976K |
|
948
iShares ESG Aware MSCI EAFE ETF
ESGD
$11.7B
| $6.83M | ﹤0.01% |
98,761
+3,167
| +3% | +$228K |
|
949
Starwood Property Trust
STWD
$6.12B
| $6.76M | ﹤0.01% |
349,438
-191,168
| -35% | -$3.88M |
|
950
Ultragenyx Pharmaceutical
RARE
$2.65B
| $6.76M | ﹤0.01% |
189,594
+9,976
| +6% | +$395K |
|
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.