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 | |
|---|---|---|---|---|---|---|
76
Idexx Laboratories
IDXX
$42.4B
| $602M | 0.31% |
1,377,349
-69,666
| -5% | -$34.7M |
|
77
Lam Research
LRCX
$396B
| $600M | 0.31% |
9,577,980
+306,830
| +3% | +$20.2M |
|
78
TJX Companies
TJX
$169B
| $599M | 0.3% |
6,740,699
-482,532
| -7% | -$42.5M |
|
79
Albemarle
ALB
$13.7B
| $598M | 0.3% |
3,518,570
+382,838
| +12% | +$76.3M |
|
80
Mercado Libre
MELI
$92.1B
| $576M | 0.29% |
454,156
-27,223
| -6% | -$34.6M |
|
81
Global Payments
GPN
$21.5B
| $572M | 0.29% |
4,955,166
+18,307
| +0.4% | +$2.18M |
|
82
Ecolab
ECL
$74.5B
| $551M | 0.28% |
3,254,847
+10,584
| +0.3% | +$1.92M |
|
83
Ross Stores
ROST
$74.7B
| $539M | 0.27% |
4,770,593
+408,138
| +9% | +$46.8M |
|
84
Humana
HUM
$47.5B
| $538M | 0.27% |
1,105,715
-48,653
| -4% | -$22.9M |
|
85
Northrop Grumman
NOC
$76.3B
| $534M | 0.27% |
1,213,648
+70,906
| +6% | +$31.1M |
|
86
Booking.com
BKNG
$136B
| $534M | 0.27% |
4,327,450
+239,475
| +6% | +$29M |
|
87
Elevance Health
ELV
$81.9B
| $531M | 0.27% |
1,219,263
+11,147
| +0.9% | +$5.06M |
|
88
Franklin Investment Grade Corporate ETF
FLCO
$576M
| $520M | 0.26% |
25,660,659
+55,871
| +0.2% | +$1.16M |
|
89
Williams Companies
WMB
$93.2B
| $516M | 0.26% |
15,316,176
-375,778
| -2% | -$12.8M |
|
90
TSMC
TSM
$2.13T
| $513M | 0.26% |
5,905,895
+88,147
| +2% | +$8.34M |
|
91
Edison International
EIX
$30.7B
| $508M | 0.26% |
8,033,823
-689,074
| -8% | -$48M |
|
92
HubSpot
HUBS
$10.2B
| $504M | 0.26% |
1,024,190
+77,346
| +8% | +$40.4M |
|
93
Starbucks
SBUX
$119B
| $488M | 0.25% |
5,345,368
-136,089
| -2% | -$13.4M |
|
94
Everest Group
EG
$15B
| $486M | 0.25% |
1,308,213
+77,712
| +6% | +$28.2M |
|
95
American Electric Power
AEP
$73.7B
| $486M | 0.25% |
6,455,107
+715,956
| +12% | +$58.3M |
|
|
96
Amgen
AMGN
$202B
| $481M | 0.24% |
1,788,214
-1,502,712
| -46% | -$375M |
|
97
Applied Materials
AMAT
$438B
| $475M | 0.24% |
3,429,406
+22,801
| +0.7% | +$3.27M |
|
98
Micron Technology
MU
$1.08T
| $471M | 0.24% |
6,930,687
-222,973
| -3% | -$14.9M |
|
99
Cintas
CTAS
$81.2B
| $471M | 0.24% |
3,915,768
-208,748
| -5% | -$26M |
|
100
W.W. Grainger
GWW
$64.2B
| $469M | 0.24% |
677,630
-1,400
| -0.2% | -$1.01M |
|
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.