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 | |
|---|---|---|---|---|---|---|
126
International Paper
IP
$20.3B
| $403M | 0.21% |
9,233,303
-747,650
| -7% | -$31.4M |
|
|
INXN
127
DELISTED
Interxion Holding N.V.
INXN
| $394M | 0.21% |
4,706,870
-193,383
| -4% | -$16.1M |
|
128
TC Energy
TRP
$73.6B
| $392M | 0.21% |
7,357,081
-225,328
| -3% | -$11.6M |
|
129
Canadian Pacific Kansas City
CP
$82B
| $388M | 0.2% |
7,614,540
-376,610
| -5% | -$17.7M |
|
130
Altria Group
MO
$121B
| $387M | 0.2% |
7,752,572
-202,480
| -3% | -$9.55M |
|
131
Workday
WDAY
$32.7B
| $382M | 0.2% |
2,322,254
+460,932
| +25% | +$76.5M |
|
|
INFO
132
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $379M | 0.2% |
5,036,246
-362,286
| -7% | -$25.8M |
|
133
American Electric Power
AEP
$73.9B
| $378M | 0.2% |
4,004,265
+23,855
| +0.6% | +$2.2M |
|
134
Monolithic Power Systems
MPWR
$67.1B
| $378M | 0.2% |
2,121,463
-109,906
| -5% | -$17.6M |
|
135
MSCI
MSCI
$40.6B
| $369M | 0.19% |
1,431,085
+31,120
| +2% | +$7.59M |
|
136
BCE
BCE
$19.8B
| $362M | 0.19% |
7,813,386
+272,846
| +4% | +$13.1M |
|
137
Chubb
CB
$138B
| $361M | 0.19% |
2,321,285
-743,520
| -24% | -$114M |
|
138
AbbVie
ABBV
$459B
| $359M | 0.19% |
4,053,253
+77,314
| +2% | +$6.42M |
|
139
Royal Bank of Canada
RY
$290B
| $358M | 0.19% |
4,522,073
-204,035
| -4% | -$16.4M |
|
140
Edwards Lifesciences
EW
$50.6B
| $357M | 0.19% |
4,587,219
-31,968
| -0.7% | -$2.5M |
|
141
Coca-Cola
KO
$350B
| $352M | 0.18% |
6,357,839
+315,544
| +5% | +$17M |
|
142
Mercado Libre
MELI
$92B
| $349M | 0.18% |
610,958
+28,635
| +5% | +$15.8M |
|
143
Colgate-Palmolive
CL
$72.4B
| $349M | 0.18% |
5,066,850
+164,543
| +3% | +$11.2M |
|
144
Hewlett Packard
HPE
$63.2B
| $348M | 0.18% |
21,973,112
+356,588
| +2% | +$5.7M |
|
145
iShares Core S&P 500 ETF
IVV
$875B
| $348M | 0.18% |
1,075,228
-8,318
| -0.8% | -$2.57M |
|
146
Veeva Systems
VEEV
$29.9B
| $340M | 0.18% |
2,418,792
+244,888
| +11% | +$36M |
|
147
Target
TGT
$61.6B
| $338M | 0.18% |
2,639,786
+16,904
| +0.6% | +$1.98M |
|
148
MetLife
MET
$59.7B
| $336M | 0.18% |
6,584,465
-4,092,959
| -38% | -$198M |
|
149
Lam Research
LRCX
$391B
| $336M | 0.18% |
11,476,590
-796,670
| -6% | -$21.2M |
|
150
Huntington Ingalls Industries
HII
$11.5B
| $334M | 0.18% |
1,329,641
-196,268
| -13% | -$46.5M |
|
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.