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 | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.83T
| $9.52B | 4.45% |
25,325,583
-452,442
| -2% | -$161M |
|
2
Amazon
AMZN
$2.51T
| $5.02B | 2.35% |
33,022,336
-676,101
| -2% | -$94.8M |
|
3
NVIDIA
NVDA
$5.06T
| $4.81B | 2.25% |
97,065,830
-326,600
| -0.3% | -$15.1M |
|
|
4
Apple
AAPL
$4.72T
| $4.19B | 1.96% |
21,774,270
-1,211,671
| -5% | -$224M |
|
5
Alphabet (Google) Class A
GOOGL
$3.89T
| $3.24B | 1.52% |
23,222,899
+29,975
| +0.1% | +$4.03M |
|
6
Mastercard
MA
$469B
| $2.54B | 1.19% |
5,948,873
-231,209
| -4% | -$92.9M |
|
7
UnitedHealth
UNH
$385B
| $2.47B | 1.16% |
4,697,242
-202,439
| -4% | -$108M |
|
|
8
Chevron
CVX
$387B
| $2.33B | 1.09% |
15,622,388
+1,797,171
| +13% | +$272M |
|
9
Visa
V
$669B
| $2.21B | 1.03% |
8,500,044
+125,784
| +2% | +$31M |
|
10
JPMorgan Chase
JPM
$930B
| $2.15B | 1% |
12,626,508
-1,276,421
| -9% | -$193M |
|
11
ServiceNow
NOW
$95.1B
| $2.14B | 1% |
15,136,240
-680,810
| -4% | -$85.8M |
|
12
Texas Instruments
TXN
$260B
| $2.03B | 0.95% |
11,928,210
+1,095,303
| +10% | +$170M |
|
|
13
Alphabet (Google) Class C
GOOG
$3.89T
| $1.78B | 0.83% |
12,638,895
+97,603
| +0.8% | +$13.2M |
|
14
Roper Technologies
ROP
$35.1B
| $1.78B | 0.83% |
3,265,814
-20,616
| -0.6% | -$10.6M |
|
15
Linde
LIN
$234B
| $1.74B | 0.81% |
4,226,594
-72,137
| -2% | -$28.4M |
|
16
Johnson & Johnson
JNJ
$624B
| $1.72B | 0.8% |
10,965,565
-640,523
| -6% | -$98.2M |
|
17
Synopsys
SNPS
$71.5B
| $1.67B | 0.78% |
3,238,607
-108,381
| -3% | -$55.4M |
|
18
Analog Devices
ADI
$185B
| $1.62B | 0.76% |
8,180,237
-644,241
| -7% | -$115M |
|
19
Medtronic
MDT
$105B
| $1.6B | 0.75% |
19,362,092
-91,134
| -0.5% | -$6.95M |
|
20
Intuit
INTU
$77B
| $1.59B | 0.75% |
2,550,066
-108,516
| -4% | -$59.9M |
|
21
Danaher
DHR
$135B
| $1.53B | 0.72% |
6,620,170
-401,260
| -6% | -$85.4M |
|
|
22
PepsiCo
PEP
$184B
| $1.52B | 0.71% |
8,954,951
+1,345,065
| +18% | +$223M |
|
23
United Parcel Service
UPS
$97B
| $1.51B | 0.71% |
9,607,055
+980,317
| +11% | +$148M |
|
24
Stryker
SYK
$122B
| $1.4B | 0.66% |
4,686,440
+29,209
| +0.6% | +$8.2M |
|
25
Procter & Gamble
PG
$342B
| $1.4B | 0.66% |
9,571,693
+246,323
| +3% | +$36.5M |
|
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.