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 | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $8.14B | 4.14% |
25,778,025
-314,955
| -1% | -$104M |
|
2
Amazon
AMZN
$2.51T
| $4.28B | 2.18% |
33,698,437
-154,107
| -0.5% | -$20.6M |
|
3
NVIDIA
NVDA
$5.06T
| $4.24B | 2.15% |
97,392,430
-3,467,540
| -3% | -$155M |
|
4
Apple
AAPL
$4.72T
| $3.94B | 2% |
22,985,941
-1,494,758
| -6% | -$274M |
|
5
Alphabet (Google) Class A
GOOGL
$3.89T
| $3.04B | 1.54% |
23,192,924
-206,225
| -0.9% | -$26.7M |
|
6
UnitedHealth
UNH
$385B
| $2.47B | 1.26% |
4,899,681
-140,255
| -3% | -$69M |
|
7
Mastercard
MA
$469B
| $2.45B | 1.24% |
6,180,082
+315,871
| +5% | +$127M |
|
8
Chevron
CVX
$387B
| $2.33B | 1.18% |
13,825,217
-753,892
| -5% | -$122M |
|
9
JPMorgan Chase
JPM
$930B
| $2.02B | 1.02% |
13,902,929
-338,681
| -2% | -$50.8M |
|
10
Visa
V
$669B
| $1.93B | 0.98% |
8,374,260
-1,090,568
| -12% | -$262M |
|
11
Johnson & Johnson
JNJ
$624B
| $1.81B | 0.92% |
11,606,088
-1,008,541
| -8% | -$166M |
|
12
ServiceNow
NOW
$95.1B
| $1.77B | 0.9% |
15,817,050
-319,850
| -2% | -$36.5M |
|
13
Texas Instruments
TXN
$260B
| $1.72B | 0.88% |
10,832,907
-1,016,638
| -9% | -$173M |
|
|
14
Alphabet (Google) Class C
GOOG
$3.89T
| $1.65B | 0.84% |
12,541,292
-431,944
| -3% | -$56.2M |
|
15
Linde
LIN
$234B
| $1.6B | 0.81% |
4,298,731
-52,782
| -1% | -$20.1M |
|
16
Roper Technologies
ROP
$35.1B
| $1.59B | 0.81% |
3,286,430
-5,446
| -0.2% | -$2.67M |
|
17
Analog Devices
ADI
$185B
| $1.55B | 0.79% |
8,824,478
-207,665
| -2% | -$38.3M |
|
18
Danaher
DHR
$135B
| $1.54B | 0.78% |
7,021,430
+121,400
| +2% | +$27.1M |
|
19
Synopsys
SNPS
$71.5B
| $1.54B | 0.78% |
3,346,988
-229,851
| -6% | -$103M |
|
20
Medtronic
MDT
$105B
| $1.52B | 0.77% |
19,453,226
+9,945
| +0.1% | +$833K |
|
|
21
NextEra Energy
NEE
$187B
| $1.5B | 0.76% |
26,218,973
+3,975,103
| +18% | +$275M |
|
22
Bank of America
BAC
$430B
| $1.47B | 0.75% |
53,674,226
+3,526,268
| +7% | +$104M |
|
23
Procter & Gamble
PG
$342B
| $1.36B | 0.69% |
9,325,370
+60,267
| +0.7% | +$9.21M |
|
24
Intuit
INTU
$77B
| $1.36B | 0.69% |
2,658,582
+1,072
| +0% | +$542K |
|
25
United Parcel Service
UPS
$97B
| $1.34B | 0.68% |
8,626,738
+886,369
| +11% | +$153M |
|
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.