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 | |
|---|---|---|---|---|---|---|
201
DexCom
DXCM
$27.5B
| $246M | 0.12% |
1,981,237
+701,339
| +55% | +$71.6M |
|
202
ACI Worldwide
ACIW
$5.75B
| $245M | 0.11% |
8,011,993
-1,979,486
| -20% | -$49.5M |
|
203
Sherwin-Williams
SHW
$78.8B
| $245M | 0.11% |
784,639
+8,461
| +1% | +$2.28M |
|
204
ConocoPhillips
COP
$146B
| $243M | 0.11% |
2,091,462
+6,415
| +0.3% | +$750K |
|
205
BILL Holdings
BILL
$4.29B
| $241M | 0.11% |
2,953,945
+355,319
| +14% | +$29.2M |
|
206
SS&C Technologies
SSNC
$17.9B
| $237M | 0.11% |
3,871,753
+56,002
| +1% | +$3.06M |
|
207
Constellation Brands
STZ
$22.3B
| $236M | 0.11% |
974,847
-258,291
| -21% | -$61.4M |
|
208
Progressive
PGR
$125B
| $235M | 0.11% |
1,478,131
-465,481
| -24% | -$72.9M |
|
209
DTE Energy
DTE
$31.2B
| $231M | 0.11% |
2,095,850
-16,829
| -0.8% | -$1.72M |
|
210
NiSource
NI
$22.5B
| $226M | 0.11% |
8,525,528
+1,826,202
| +27% | +$46.9M |
|
211
Schwab US TIPS ETF
SCHP
$16.3B
| $225M | 0.11% |
8,633,764
-1,925,436
| -18% | -$49M |
|
212
Moody's
MCO
$82.6B
| $225M | 0.11% |
576,130
-31,119
| -5% | -$10.8M |
|
213
Citigroup
C
$223B
| $224M | 0.1% |
4,359,167
-4,572,543
| -51% | -$202M |
|
214
Wingstop
WING
$3.84B
| $224M | 0.1% |
873,385
+531,880
| +156% | +$115M |
|
215
McGrath RentCorp
MGRC
$2.94B
| $224M | 0.1% |
1,872,332
-181,593
| -9% | -$18.9M |
|
216
Quanta Services
PWR
$95.6B
| $222M | 0.1% |
1,030,572
-214,268
| -17% | -$39.6M |
|
217
Tapestry
TPR
$28.7B
| $219M | 0.1% |
5,954,829
+54,647
| +0.9% | +$1.68M |
|
218
Chipotle Mexican Grill
CMG
$41.3B
| $219M | 0.1% |
4,777,250
-429,050
| -8% | -$17.9M |
|
219
Freeport-McMoran
FCX
$89.8B
| $215M | 0.1% |
5,041,275
+1,133,551
| +29% | +$41.9M |
|
220
PG&E
PCG
$47.9B
| $213M | 0.1% |
11,812,402
-2,493,578
| -17% | -$42.1M |
|
221
MetLife
MET
$60.4B
| $209M | 0.1% |
3,162,734
-1,182,544
| -27% | -$74M |
|
222
PTC
PTC
$13.6B
| $209M | 0.1% |
1,192,272
+13,468
| +1% | +$2.07M |
|
223
Columbia Banking Systems
COLB
$9.09B
| $208M | 0.1% |
7,788,928
+700,643
| +10% | +$15.6M |
|
224
Yeti Holdings
YETI
$3.79B
| $207M | 0.1% |
3,999,412
+629,287
| +19% | +$27.9M |
|
225
Deere & Co
DE
$167B
| $205M | 0.1% |
511,829
-80,234
| -14% | -$30.3M |
|
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.