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 | |
|---|---|---|---|---|---|---|
176
TE Connectivity
TEL
$58.4B
| $286M | 0.15% |
2,314,771
+234,977
| +11% | +$31.4M |
|
177
BILL Holdings
BILL
$4.21B
| $282M | 0.14% |
2,598,626
-298,351
| -10% | -$33.9M |
|
178
Home Depot
HD
$324B
| $282M | 0.14% |
931,827
-1,014,206
| -52% | -$326M |
|
179
Brixmor Property Group
BRX
$9.87B
| $275M | 0.14% |
13,228,927
-31,331
| -0.2% | -$694K |
|
180
MetLife
MET
$59.7B
| $273M | 0.14% |
4,345,278
+272,104
| +7% | +$16.9M |
|
181
Lear
LEA
$7.16B
| $272M | 0.14% |
2,025,893
+27,287
| +1% | +$3.95M |
|
|
182
Progressive
PGR
$123B
| $271M | 0.14% |
1,943,612
+1,831,375
| +1,632% | +$241M |
|
183
Canadian Pacific Kansas City
CP
$81.2B
| $270M | 0.14% |
3,637,461
-57,800
| -2% | -$4.58M |
|
184
Exelon
EXC
$48.6B
| $270M | 0.14% |
7,147,122
-69,213
| -1% | -$2.82M |
|
185
Gartner
IT
$9.22B
| $267M | 0.14% |
777,160
+425,457
| +121% | +$148M |
|
186
Schwab US TIPS ETF
SCHP
$16.3B
| $267M | 0.14% |
10,559,200
+177,000
| +2% | +$4.56M |
|
187
Vertex Pharmaceuticals
VRTX
$122B
| $262M | 0.13% |
754,524
-77,014
| -9% | -$26.9M |
|
188
Evergy
EVRG
$20.1B
| $260M | 0.13% |
5,126,373
+35,566
| +0.7% | +$2.02M |
|
189
Fastenal
FAST
$53.4B
| $253M | 0.13% |
9,255,008
-557,688
| -6% | -$15.8M |
|
190
ConocoPhillips
COP
$147B
| $250M | 0.13% |
2,085,047
-26,575
| -1% | -$3.09M |
|
191
Illinois Tool Works
ITW
$80.7B
| $246M | 0.13% |
1,070,032
-3,868
| -0.4% | -$944K |
|
|
192
Kenvue
KVUE
$36.5B
| $246M | 0.13% |
12,260,485
+9,858,493
| +410% | +$228M |
|
193
iShares Russell 2000 ETF
IWM
$80.9B
| $242M | 0.12% |
1,371,909
+705,203
| +106% | +$132M |
|
194
Erie Indemnity
ERIE
$11.4B
| $238M | 0.12% |
809,816
-235,770
| -23% | -$61M |
|
195
Dollar Tree
DLTR
$23B
| $237M | 0.12% |
2,225,072
+7,698
| +0.3% | +$1.03M |
|
196
Datadog
DDOG
$86.7B
| $237M | 0.12% |
2,597,851
-229,180
| -8% | -$22.7M |
|
197
Quanta Services
PWR
$97B
| $233M | 0.12% |
1,244,840
-34,533
| -3% | -$6.93M |
|
198
PG&E
PCG
$47.4B
| $231M | 0.12% |
14,305,980
+2,764,565
| +24% | +$47.5M |
|
199
Berkshire Hathaway Class B
BRK.B
$1.06T
| $226M | 0.12% |
645,882
+26,245
| +4% | +$9.31M |
|
200
PNC Financial Services
PNC
$99.7B
| $226M | 0.11% |
1,842,101
+211,938
| +13% | +$26.7M |
|
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.