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 | |
|---|---|---|---|---|---|---|
126
Eaton
ETN
$161B
| $392M | 0.2% |
1,839,320
+23,396
| +1% | +$5.04M |
|
127
Ares Management
ARES
$27.4B
| $391M | 0.2% |
3,800,740
+611,774
| +19% | +$61.9M |
|
128
Shell
SHEL
$243B
| $388M | 0.2% |
6,029,741
-7,907
| -0.1% | -$492K |
|
129
Intercontinental Exchange
ICE
$81B
| $382M | 0.19% |
3,467,888
+256,981
| +8% | +$29.4M |
|
130
Franklin US Large Cap Multifactor Index ETF
FLQL
$2.04B
| $381M | 0.19% |
8,838,275
-779,515
| -8% | -$34.8M |
|
131
Norfolk Southern
NSC
$78.3B
| $377M | 0.19% |
1,916,280
-56,279
| -3% | -$12.2M |
|
132
KLA
KLAC
$286B
| $377M | 0.19% |
8,217,750
-460,750
| -5% | -$22.1M |
|
133
Tyler Technologies
TYL
$11.9B
| $377M | 0.19% |
975,452
+8,508
| +0.9% | +$3.34M |
|
134
Parker-Hannifin
PH
$124B
| $374M | 0.19% |
959,684
-282,728
| -23% | -$114M |
|
135
Lattice Semiconductor
LSCC
$18.9B
| $374M | 0.19% |
4,347,761
+951,857
| +28% | +$85.9M |
|
136
CrowdStrike
CRWD
$187B
| $370M | 0.19% |
8,853,140
+517,144
| +6% | +$20.1M |
|
137
McCormick & Company Non-Voting
MKC
$13.5B
| $370M | 0.19% |
4,893,286
-2,587
| -0.1% | -$216K |
|
138
Palo Alto Networks
PANW
$265B
| $369M | 0.19% |
3,146,858
+904,052
| +40% | +$107M |
|
139
Citigroup
C
$221B
| $367M | 0.19% |
8,931,710
-1,231,000
| -12% | -$54M |
|
140
IBM
IBM
$195B
| $367M | 0.19% |
2,613,390
+10,604
| +0.4% | +$1.51M |
|
141
monday.com
MNDY
$3.03B
| $366M | 0.19% |
2,299,942
+303,581
| +15% | +$51M |
|
142
HCA Healthcare
HCA
$83.5B
| $365M | 0.19% |
1,482,638
-201,431
| -12% | -$55.1M |
|
143
Uber
UBER
$140B
| $362M | 0.18% |
7,865,640
+868,166
| +12% | +$39.7M |
|
144
Colgate-Palmolive
CL
$72.1B
| $362M | 0.18% |
5,087,005
-906,688
| -15% | -$67.8M |
|
145
iShares Core MSCI EAFE ETF
IEFA
$185B
| $360M | 0.18% |
5,597,241
+515,257
| +10% | +$34.5M |
|
146
S&P Global
SPGI
$124B
| $355M | 0.18% |
972,167
-1,830
| -0.2% | -$720K |
|
147
Franklin US Treasury Bond ETF
FLGV
$1.03B
| $354M | 0.18% |
17,699,384
+483,715
| +3% | +$9.88M |
|
148
DXC Technology
DXC
$1.5B
| $353M | 0.18% |
16,932,114
-1,094,194
| -6% | -$25.1M |
|
149
Capital One
COF
$123B
| $348M | 0.18% |
3,581,472
-294,065
| -8% | -$31.4M |
|
150
Costco
COST
$411B
| $347M | 0.18% |
613,402
+6,263
| +1% | +$3.46M |
|
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.