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 | |
|---|---|---|---|---|---|---|
151
JB Hunt Transport Services
JBHT
$27.2B
| $342M | 0.17% |
1,816,410
-1,889
| -0.1% | -$363K |
|
152
iShares Core S&P 500 ETF
IVV
$875B
| $342M | 0.17% |
796,529
-6,875
| -0.9% | -$3.08M |
|
153
Tradeweb Markets
TW
$21.3B
| $339M | 0.17% |
4,232,259
+972
| +0% | +$77.5K |
|
|
AXON
154
Axon Enterprise
AXON
$39.6B
| $339M | 0.17% |
1,703,550
+57,258
| +3% | +$11.3M |
|
155
Coca-Cola
KO
$349B
| $336M | 0.17% |
6,004,505
+2,951,366
| +97% | +$177M |
|
156
Amphenol
APH
$194B
| $336M | 0.17% |
7,990,214
+269,470
| +3% | +$11.6M |
|
157
Mettler-Toledo International
MTD
$26.9B
| $335M | 0.17% |
302,637
-3,103
| -1% | -$3.8M |
|
158
Verizon
VZ
$183B
| $326M | 0.17% |
10,058,583
-523,445
| -5% | -$17.7M |
|
159
MSCI
MSCI
$40.2B
| $323M | 0.16% |
630,439
-96,445
| -13% | -$50.7M |
|
160
DuPont de Nemours
DD
$18.6B
| $317M | 0.16% |
3,384,768
-469,408
| -12% | -$44.1M |
|
161
Truist Financial
TFC
$62.5B
| $312M | 0.16% |
10,893,096
-826,147
| -7% | -$25.4M |
|
162
Constellation Brands
STZ
$22.1B
| $310M | 0.16% |
1,233,138
+5,178
| +0.4% | +$1.35M |
|
163
Paycom
PAYC
$6.47B
| $310M | 0.16% |
1,194,310
+41,030
| +4% | +$12.5M |
|
|
FITB
164
Fifth Third Bancorp
FITB
$51.8B
| $305M | 0.16% |
12,057,521
-345
| -0% | -$9.3K |
|
165
nVent Electric
NVT
$25.7B
| $304M | 0.15% |
5,742,429
-8,851
| -0.2% | -$477K |
|
166
Republic Services
RSG
$66.9B
| $304M | 0.15% |
2,131,081
-11,627
| -0.5% | -$1.73M |
|
167
Carlisle Companies
CSL
$13.4B
| $298M | 0.15% |
1,148,341
-7,834
| -0.7% | -$2.1M |
|
168
Microchip Technology
MCHP
$44.2B
| $295M | 0.15% |
3,778,086
-290,891
| -7% | -$24.4M |
|
169
Entergy
ETR
$54B
| $293M | 0.15% |
6,331,086
-178,820
| -3% | -$8.72M |
|
170
T-Mobile US
TMUS
$183B
| $291M | 0.15% |
2,080,303
-696,019
| -25% | -$96.4M |
|
171
Intel
INTC
$504B
| $290M | 0.15% |
8,153,889
+1,223,017
| +18% | +$42.6M |
|
172
AerCap
AER
$23.4B
| $289M | 0.15% |
4,614,085
+558,236
| +14% | +$35.1M |
|
173
Advanced Micro Devices
AMD
$880B
| $287M | 0.15% |
2,792,189
+647,359
| +30% | +$70.3M |
|
174
Trane Technologies
TT
$106B
| $286M | 0.15% |
1,411,463
+3,809
| +0.3% | +$763K |
|
175
International Paper
IP
$20.1B
| $286M | 0.15% |
8,070,834
-662,008
| -8% | -$22.5M |
|
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.