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 | |
|---|---|---|---|---|---|---|
1126
Keurig Dr Pepper
KDP
$40.4B
| $3.63M | ﹤0.01% |
114,913
+7,591
| +7% | +$250K |
|
1127
Webster Financial
WBS
$12.3B
| $3.62M | ﹤0.01% |
89,774
-39,424
| -31% | -$1.68M |
|
1128
ResMed
RMD
$28.3B
| $3.6M | ﹤0.01% |
24,364
-3,062
| -11% | -$554K |
|
1129
New Jersey Resources
NJR
$6.06B
| $3.59M | ﹤0.01% |
88,379
+278
| +0.3% | +$12.2K |
|
|
PINE
1130
Alpine Income Property Trust
PINE
$339M
| $3.58M | ﹤0.01% |
219,121
| – | – |
|
1131
Boston Properties
BXP
$11B
| $3.58M | ﹤0.01% |
60,127
-26,240
| -30% | -$1.68M |
|
1132
Zoom
ZM
$25.8B
| $3.57M | ﹤0.01% |
51,103
-11,257
| -18% | -$781K |
|
1133
Axcelis
ACLS
$4.12B
| $3.56M | ﹤0.01% |
21,829
-1,392
| -6% | -$245K |
|
1134
PBF Energy
PBF
$7.29B
| $3.56M | ﹤0.01% |
66,431
-11,908
| -15% | -$567K |
|
1135
Old National Bancorp
ONB
$10.1B
| $3.55M | ﹤0.01% |
243,965
-195,694
| -45% | -$3.03M |
|
1136
Chemed
CHE
$6.78B
| $3.53M | ﹤0.01% |
6,784
-3,765
| -36% | -$1.96M |
|
1137
HSBC
HSBC
$355B
| $3.52M | ﹤0.01% |
89,175
+68,891
| +340% | +$2.71M |
|
1138
Reinsurance Group of America
RGA
$15.7B
| $3.51M | ﹤0.01% |
24,154
+9,072
| +60% | +$1.29M |
|
1139
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
| $3.51M | ﹤0.01% |
67,582
-19,353
| -22% | -$1.05M |
|
1140
Vanguard Energy ETF
VDE
$10.1B
| $3.5M | ﹤0.01% |
27,644
| – | – |
|
1141
Ralph Lauren
RL
$22.2B
| $3.49M | ﹤0.01% |
30,047
+24,305
| +423% | +$2.94M |
|
1142
Hilton Worldwide
HLT
$74B
| $3.49M | ﹤0.01% |
23,216
+756
| +3% | +$114K |
|
1143
Twist Bioscience
TWST
$5.62B
| $3.48M | ﹤0.01% |
171,661
+4,548
| +3% | +$99.9K |
|
1144
Eagle Materials
EXP
$6.6B
| $3.46M | ﹤0.01% |
20,775
-7,546
| -27% | -$1.37M |
|
1145
VanEck Gold Miners ETF
GDX
$23B
| $3.46M | ﹤0.01% |
128,459
-615
| -0.5% | -$18.1K |
|
1146
Daktronics
DAKT
$941M
| $3.45M | ﹤0.01% |
387,065
+18,455
| +5% | +$146K |
|
1147
SM Energy
SM
$7.96B
| $3.45M | ﹤0.01% |
86,961
-6,014
| -6% | -$228K |
|
1148
Pan American Silver
PAAS
$18.6B
| $3.44M | ﹤0.01% |
237,670
+43,563
| +22% | +$682K |
|
1149
Equity Residential
EQR
$25.4B
| $3.43M | ﹤0.01% |
58,453
-448
| -0.8% | -$28.9K |
|
1150
Thor Industries
THO
$3.99B
| $3.41M | ﹤0.01% |
35,889
-5,599
| -13% | -$585K |
|
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.