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 |
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
|
+$675M |
| 2 |
Oracle
ORCL
|
+$536M |
| 3 |
Franklin US Core Bond ETF
FLCB
|
+$362M |
| 4 |
Franklin Investment Grade Corporate ETF
FLCO
|
+$336M |
| 5 |
Cisco
CSCO
|
+$241M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$615M |
| 2 |
Wells Fargo
WFC
|
+$530M |
| 3 |
JPMorgan Chase
JPM
|
+$377M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$334M |
| 5 |
Capital One
COF
|
+$331M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.91% |
| 2 | Healthcare | 15.8% |
| 3 | Financials | 13.51% |
| 4 | Industrials | 9.2% |
| 5 | Consumer Discretionary | 6.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $4.2B | 2.21% |
26,622,046
-224,666
| -0.8% | -$33M |
|
|
2
Wells Fargo
WFC
$261B
| $2.93B | 1.54% |
54,381,738
-10,118,787
| -16% | -$530M |
|
3
Amazon
AMZN
$2.51T
| $2.46B | 1.29% |
26,617,800
+393,720
| +2% | +$34.8M |
|
4
Apple
AAPL
$4.72T
| $2.23B | 1.17% |
30,421,312
-517,684
| -2% | -$33.3M |
|
|
5
JPMorgan Chase
JPM
$930B
| $2.13B | 1.12% |
15,312,373
-2,936,786
| -16% | -$377M |
|
6
Medtronic
MDT
$105B
| $2.07B | 1.09% |
18,242,212
-620,636
| -3% | -$68.1M |
|
7
Johnson & Johnson
JNJ
$624B
| $1.84B | 0.97% |
12,626,462
+1,311,739
| +12% | +$178M |
|
8
Roper Technologies
ROP
$35.1B
| $1.74B | 0.92% |
4,917,839
-18,675
| -0.4% | -$6.45M |
|
9
Dominion Energy
D
$62.8B
| $1.74B | 0.91% |
20,976,419
-917,958
| -4% | -$75M |
|
10
Southern Company
SO
$109B
| $1.7B | 0.89% |
26,632,144
-3,364,548
| -11% | -$208M |
|
11
Mastercard
MA
$469B
| $1.64B | 0.86% |
5,484,316
+2,955
| +0.1% | +$833K |
|
12
Texas Instruments
TXN
$260B
| $1.61B | 0.84% |
12,517,653
-1,136,322
| -8% | -$140M |
|
13
Merck
MRK
$322B
| $1.56B | 0.82% |
17,966,835
-2,455,362
| -12% | -$202M |
|
14
Walt Disney
DIS
$161B
| $1.55B | 0.81% |
10,688,009
-1,807,410
| -14% | -$252M |
|
15
Verizon
VZ
$183B
| $1.52B | 0.8% |
24,816,651
+1,239,207
| +5% | +$74.7M |
|
16
ExxonMobil
XOM
$650B
| $1.52B | 0.8% |
21,735,067
-30,415
| -0.1% | -$2.1M |
|
17
Alibaba
BABA
$273B
| $1.5B | 0.79% |
7,092,494
-40,798
| -0.6% | -$7.66M |
|
18
Citigroup
C
$221B
| $1.48B | 0.78% |
18,541,943
-1,842,371
| -9% | -$136M |
|
19
Visa
V
$669B
| $1.47B | 0.77% |
7,801,653
-73,286
| -0.9% | -$13.2M |
|
|
AGN
20
DELISTED
Allergan plc
AGN
| $1.41B | 0.74% |
7,362,403
-34,469
| -0.5% | -$6.22M |
|
21
PepsiCo
PEP
$184B
| $1.34B | 0.71% |
9,837,994
-123,623
| -1% | -$16.8M |
|
22
CVS Health
CVS
$136B
| $1.33B | 0.7% |
17,945,093
-3,321,890
| -16% | -$233M |
|
|
23
Oracle
ORCL
$346B
| $1.27B | 0.67% |
23,962,890
+9,739,302
| +68% | +$536M |
|
24
SLB Ltd
SLB
$70.6B
| $1.26B | 0.66% |
31,418,931
-347,957
| -1% | -$12.4M |
|
25
Stryker
SYK
$122B
| $1.2B | 0.63% |
5,704,756
-52,328
| -0.9% | -$10.9M |
|
Similar funds
Franklin Resources's Q4 2019 Portfolio in Review
As of Q4 2019, Franklin Resources held 1,610 positions worth $190B, up 3.4% from $184B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Franklin Resources withdrew a net $9.13B in Q4 2019, closing 87 positions and reducing 698 holdings. Its most notable exit was Celgene Corp, an estimated $615M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Franklin Resources opened a new position in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A worth $707M.
- Franklin Resources's largest Q4 2019 buy was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A: 600,575 shares worth $707M.
- Franklin Resources added most to Oracle in Q4 2019, an estimated $536M increase.
- Franklin Resources's biggest Q4 2019 reduction was Wells Fargo, cutting an estimated $530M.
- Franklin Resources fully exited Celgene Corp in Q4 2019, selling an estimated $615M.
- Franklin Resources's ten largest holdings make up 12% of its $190B portfolio in Q4 2019.
- Franklin Resources opened 103 new positions and closed 87 in Q4 2019.
- Franklin Resources's portfolio value rose 3.4% quarter-over-quarter to $190B.
Based on Franklin Resources's 13F filing for Q4 2019, filed 12 Feb 2020.