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 |
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
|
+$675M |
| 2 |
Oracle
ORCL
|
+$536M |
| 3 |
Franklin US Core Bond ETF
FLCB
|
+$362M |
| 4 |
Franklin Investment Grade Corporate ETF
FLCO
|
+$336M |
| 5 |
Cisco
CSCO
|
+$241M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$615M |
| 2 |
Wells Fargo
WFC
|
+$530M |
| 3 |
JPMorgan Chase
JPM
|
+$377M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$334M |
| 5 |
Capital One
COF
|
+$331M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.91% |
| 2 | Healthcare | 15.8% |
| 3 | Financials | 13.51% |
| 4 | Industrials | 9.2% |
| 5 | Consumer Discretionary | 6.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
SBA Communications
SBAC
$18.9B
| $492M | 0.26% |
2,043,495
+9,037
| +0.4% | +$2.14M |
|
102
Amgen
AMGN
$201B
| $492M | 0.26% |
2,041,750
-264,143
| -11% | -$58.2M |
|
103
Illumina
ILMN
$29.6B
| $492M | 0.26% |
1,523,613
-24,525
| -2% | -$7.43M |
|
104
Intuitive Surgical
ISRG
$119B
| $488M | 0.26% |
2,476,032
+101,481
| +4% | +$19M |
|
105
Walmart Inc
WMT
$864B
| $472M | 0.25% |
11,922,474
+106,563
| +0.9% | +$4.23M |
|
106
Cintas
CTAS
$81B
| $467M | 0.25% |
6,947,148
-115,528
| -2% | -$7.6M |
|
107
Brookfield
BN
$101B
| $462M | 0.24% |
22,424,502
-1,212,748
| -5% | -$24.2M |
|
108
Check Point Software Technologies
CHKP
$13B
| $460M | 0.24% |
4,149,812
+154,934
| +4% | +$17.4M |
|
|
Y
109
DELISTED
Alleghany Corp
Y
| $452M | 0.24% |
565,707
-56,531
| -9% | -$44.2M |
|
110
Canadian National Railway
CNI
$79B
| $451M | 0.24% |
4,987,259
-238,298
| -5% | -$21.4M |
|
111
McCormick & Company Non-Voting
MKC
$13.6B
| $451M | 0.24% |
5,310,076
+4,872
| +0.1% | +$403K |
|
112
Northrop Grumman
NOC
$76.1B
| $448M | 0.24% |
1,302,218
+18,994
| +1% | +$6.68M |
|
113
APA Corp
APA
$12.9B
| $446M | 0.23% |
17,420,807
-1,765,485
| -9% | -$40M |
|
114
Canadian Natural Resources
CNQ
$98.1B
| $445M | 0.23% |
28,071,974
-168,030
| -0.6% | -$2.28M |
|
115
Dover
DOV
$27.1B
| $441M | 0.23% |
3,823,885
-47,162
| -1% | -$5.05M |
|
116
UnitedHealth
UNH
$383B
| $441M | 0.23% |
1,499,075
-1,496
| -0.1% | -$391K |
|
117
Mettler-Toledo International
MTD
$26.7B
| $438M | 0.23% |
552,340
+5,244
| +1% | +$3.79M |
|
118
American Tower
AMT
$78.7B
| $429M | 0.23% |
1,865,182
-936,637
| -33% | -$204M |
|
119
Shopify
SHOP
$146B
| $428M | 0.22% |
10,767,010
-736,690
| -6% | -$24.9M |
|
120
GE Aerospace
GE
$365B
| $427M | 0.22% |
7,673,361
-385,932
| -5% | -$19.9M |
|
121
Sensata Technologies
ST
$6.65B
| $424M | 0.22% |
7,871,983
-632,554
| -7% | -$32.5M |
|
122
Intercontinental Exchange
ICE
$81.5B
| $418M | 0.22% |
4,521,726
-170,250
| -4% | -$15.8M |
|
123
Bank of America
BAC
$432B
| $407M | 0.21% |
11,551,238
-6,277,907
| -35% | -$203M |
|
|
DISCK
124
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $406M | 0.21% |
13,328,287
-179,767
| -1% | -$5.04M |
|
125
Everest Group
EG
$14.9B
| $403M | 0.21% |
1,455,219
+271,720
| +23% | +$71.7M |
|
Similar funds
Franklin Resources's Q4 2019 Portfolio in Review
As of Q4 2019, Franklin Resources held 1,610 positions worth $190B, up 3.4% from $184B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Franklin Resources withdrew a net $9.13B in Q4 2019, closing 87 positions and reducing 698 holdings. Its most notable exit was Celgene Corp, an estimated $615M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Franklin Resources opened a new position in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A worth $707M.
- Franklin Resources's largest Q4 2019 buy was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A: 600,575 shares worth $707M.
- Franklin Resources added most to Oracle in Q4 2019, an estimated $536M increase.
- Franklin Resources's biggest Q4 2019 reduction was Wells Fargo, cutting an estimated $530M.
- Franklin Resources fully exited Celgene Corp in Q4 2019, selling an estimated $615M.
- Franklin Resources's ten largest holdings make up 12% of its $190B portfolio in Q4 2019.
- Franklin Resources opened 103 new positions and closed 87 in Q4 2019.
- Franklin Resources's portfolio value rose 3.4% quarter-over-quarter to $190B.
Based on Franklin Resources's 13F filing for Q4 2019, filed 12 Feb 2020.