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 |
PNC Financial Services
PNC
|
+$394M |
| 2 |
Chevron
CVX
|
+$272M |
| 3 |
Albemarle
ALB
|
+$229M |
| 4 |
PepsiCo
PEP
|
+$223M |
| 5 |
ExxonMobil
XOM
|
+$196M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$427M |
| 2 |
Bank of America
BAC
|
+$351M |
| 3 |
Morgan Stanley
MS
|
+$249M |
| 4 |
Honeywell
HON
|
+$234M |
| 5 |
Apple
AAPL
|
+$224M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.6% |
| 2 | Healthcare | 14.36% |
| 3 | Financials | 10.56% |
| 4 | Industrials | 10.06% |
| 5 | Consumer Discretionary | 8.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Lear
LEA
$7.25B
| $308M | 0.14% |
2,179,175
+153,282
| +8% | +$20.6M |
|
177
Brixmor Property Group
BRX
$9.96B
| $305M | 0.14% |
13,110,402
-118,525
| -0.9% | -$2.55M |
|
178
Datadog
DDOG
$87.1B
| $303M | 0.14% |
2,499,679
-98,172
| -4% | -$10.1M |
|
179
WillScot Mobile Mini Holdings
WSC
$4.9B
| $300M | 0.14% |
6,751,072
+4,049,872
| +150% | +$164M |
|
180
Veeva Systems
VEEV
$30.1B
| $300M | 0.14% |
1,560,395
-436,900
| -22% | -$82.3M |
|
181
Fastenal
FAST
$53.7B
| $300M | 0.14% |
9,265,754
+10,746
| +0.1% | +$324K |
|
|
FITB
182
Fifth Third Bancorp
FITB
$52.2B
| $284M | 0.13% |
8,233,101
-3,824,420
| -32% | -$106M |
|
183
iShares Russell 2000 ETF
IWM
$81.5B
| $282M | 0.13% |
1,403,852
+31,943
| +2% | +$5.72M |
|
|
PPL
184
PPL Corp
PPL
$27.5B
| $282M | 0.13% |
10,396,322
+1,045,852
| +11% | +$26.5M |
|
185
IBM
IBM
$202B
| $279M | 0.13% |
1,707,728
-905,662
| -35% | -$137M |
|
186
T-Mobile US
TMUS
$193B
| $279M | 0.13% |
1,738,441
-341,862
| -16% | -$50.6M |
|
187
Microchip Technology
MCHP
$42.9B
| $278M | 0.13% |
3,082,601
-695,485
| -18% | -$56.6M |
|
188
Illinois Tool Works
ITW
$81.3B
| $277M | 0.13% |
1,057,134
-12,898
| -1% | -$3.09M |
|
189
Vertex Pharmaceuticals
VRTX
$122B
| $274M | 0.13% |
672,438
-82,086
| -11% | -$30.3M |
|
190
Berkshire Hathaway Class B
BRK.B
$1.07T
| $274M | 0.13% |
767,014
+121,132
| +19% | +$42.5M |
|
191
Verisk Analytics
VRSK
$26.1B
| $273M | 0.13% |
1,141,516
+542,432
| +91% | +$128M |
|
192
Erie Indemnity
ERIE
$11.6B
| $272M | 0.13% |
810,911
+1,095
| +0.1% | +$329K |
|
193
Agilent Technologies
A
$39.1B
| $264M | 0.12% |
1,902,402
+48,615
| +3% | +$5.78M |
|
194
Evergy
EVRG
$20.1B
| $264M | 0.12% |
5,059,404
-66,969
| -1% | -$3.37M |
|
195
Snowflake
SNOW
$93.2B
| $264M | 0.12% |
1,324,984
-103,069
| -7% | -$17.4M |
|
196
Gen Digital
GEN
$15.7B
| $257M | 0.12% |
11,269,360
-158,082
| -1% | -$3.13M |
|
197
Hyatt Hotels
H
$17.8B
| $254M | 0.12% |
1,948,171
+432,594
| +29% | +$49.1M |
|
198
Qualcomm
QCOM
$178B
| $253M | 0.12% |
1,749,394
+85,605
| +5% | +$10.6M |
|
199
Exelon
EXC
$48.6B
| $251M | 0.12% |
7,001,979
-145,143
| -2% | -$5.59M |
|
200
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $246M | 0.12% |
518,608
+12,694
| +3% | +$5.65M |
|
Similar funds
Franklin Resources's Q4 2023 Portfolio in Review
As of Q4 2023, Franklin Resources held 2,774 positions worth $214B, up 8.7% from $197B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Franklin Resources withdrew a net $7.44B in Q4 2023, closing 138 positions and reducing 1,143 holdings. Its most notable exit was Activision Blizzard, an estimated $427M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 27% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Franklin Resources opened a new position in Veralto worth $178M.
- Franklin Resources's largest Q4 2023 buy was Veralto: 2,163,991 shares worth $178M.
- Franklin Resources added most to PNC Financial Services in Q4 2023, an estimated $394M increase.
- Franklin Resources's biggest Q4 2023 reduction was Bank of America, cutting an estimated $351M.
- Franklin Resources fully exited Activision Blizzard in Q4 2023, selling an estimated $427M.
- Franklin Resources's ten largest holdings make up 18% of its $214B portfolio in Q4 2023.
- Franklin Resources opened 114 new positions and closed 138 in Q4 2023.
- Franklin Resources's portfolio value rose 8.7% quarter-over-quarter to $214B.
Based on Franklin Resources's 13F filing for Q4 2023, filed 9 Feb 2024.