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 | |
|---|---|---|---|---|---|---|
101
Icon
ICLR
$13.1B
| $463M | 0.24% |
1,879,943
-284,285
| -13% | -$71.6M |
|
102
Broadcom
AVGO
$1.87T
| $458M | 0.23% |
5,519,460
+628,530
| +13% | +$54.5M |
|
103
Kraft Heinz
KHC
$30.1B
| $454M | 0.23% |
13,508,858
+688,002
| +5% | +$23.8M |
|
104
Sempra
SRE
$61.1B
| $447M | 0.23% |
6,570,020
+260,246
| +4% | +$18.8M |
|
105
Dover
DOV
$26.6B
| $446M | 0.23% |
3,196,559
-82,469
| -3% | -$11.9M |
|
|
FISV
106
Fiserv Inc
FISV
$26.6B
| $444M | 0.23% |
3,927,699
-173,821
| -4% | -$21.4M |
|
107
Monster Beverage
MNST
$91.5B
| $442M | 0.22% |
8,355,601
-246,370
| -3% | -$14M |
|
|
ANSS
108
DELISTED
Ansys
ANSS
| $441M | 0.22% |
1,480,822
+138,022
| +10% | +$43.7M |
|
109
Atlassian
TEAM
$20.3B
| $438M | 0.22% |
2,175,482
-3,317
| -0.2% | -$630K |
|
|
SCHW
110
Charles Schwab
SCHW
$177B
| $434M | 0.22% |
7,913,723
-426,658
| -5% | -$25.8M |
|
111
Ferguson
FERG
$44.3B
| $427M | 0.22% |
2,595,219
+272,785
| +12% | +$43.1M |
|
|
ATVI
112
DELISTED
Activision Blizzard
ATVI
| $427M | 0.22% |
4,555,626
-1,831,269
| -29% | -$167M |
|
113
EOG Resources
EOG
$77.5B
| $413M | 0.21% |
3,255,446
-212,392
| -6% | -$27M |
|
114
Mondelez International
MDLZ
$77.1B
| $413M | 0.21% |
5,944,865
-15,713
| -0.3% | -$1.13M |
|
115
Nasdaq
NDAQ
$51.1B
| $412M | 0.21% |
8,474,848
+1,997,210
| +31% | +$101M |
|
116
Philip Morris
PM
$298B
| $408M | 0.21% |
4,412,091
+1,582
| +0% | +$152K |
|
117
NXP Semiconductors
NXPI
$70B
| $407M | 0.21% |
2,035,802
-1,013,232
| -33% | -$210M |
|
118
Rio Tinto
RIO
$149B
| $407M | 0.21% |
6,389,641
+9,981
| +0.2% | +$637K |
|
119
Veeva Systems
VEEV
$29.2B
| $406M | 0.21% |
1,997,295
-84,822
| -4% | -$17.1M |
|
120
CBRE Group
CBRE
$39.7B
| $406M | 0.21% |
5,493,471
-232,537
| -4% | -$19.3M |
|
121
General Motors
GM
$73B
| $404M | 0.21% |
12,258,952
+73,559
| +0.6% | +$2.61M |
|
122
Regeneron Pharmaceuticals
REGN
$68.3B
| $398M | 0.2% |
483,210
-5,454
| -1% | -$4.29M |
|
123
Voya Financial
VOYA
$8.78B
| $398M | 0.2% |
5,983,298
+9,478
| +0.2% | +$675K |
|
124
Bristol-Myers Squibb
BMY
$126B
| $397M | 0.2% |
6,847,065
+1,524,631
| +29% | +$93.4M |
|
125
General Dynamics
GD
$103B
| $397M | 0.2% |
1,797,502
-195,333
| -10% | -$43.2M |
|
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.