Marathon Asset Management (UK)’s Franklin Resources BEN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-633,634	Closed	-$28.5M	–	105
2017 Q2	$28.5M	Sell	633,634 -178,751	-22%	-$7.64M	0.49%	70
2017 Q1	$34.4M	Sell	812,385 -343,232	-30%	-$14.2M	0.75%	54
2016 Q4	$46M	Sell	1,155,617 -14,298	-1%	-$535K	0.99%	38
2016 Q3	$41.8M	Sell	1,169,915 -47,521	-4%	-$1.68M	0.9%	41
2016 Q2	$40.8M	Buy	1,217,436 +23,355	+2%	+$849K	0.87%	42
2016 Q1	$46.8M	Buy	1,194,081 +28,780	+2%	+$1.02M	1.03%	34
2015 Q4	$43.1M	Buy	1,165,301 +277,520	+31%	+$10.9M	0.98%	40
2015 Q3	$33.2M	Buy	887,781 +1,028	+0.1%	+$44.5K	0.8%	50
2015 Q2	$43.6M	Sell	886,753 -758,616	-46%	-$38.9M	1%	42
2015 Q1	$84.7M	Sell	1,645,369 -116,251	-7%	-$6.17M	2.05%	19
2014 Q4	$98.6M	Sell	1,761,620 -9,633	-0.5%	-$532K	2.37%	14
2014 Q3	$96.9M	Buy	1,771,253 +71,125	+4%	+$3.98M	2.37%	13
2014 Q2	$98.5M	Sell	1,700,128 -408	-0%	-$22.3K	2.43%	13
2014 Q1	$92.3M	Sell	1,700,536 -77,647	-4%	-$4.18M	2.37%	14
2013 Q4	$103M	Sell	1,778,183 -138,775	-7%	-$7.48M	2.53%	17
2013 Q3	$97.1M	Buy	1,916,958 +285,057	+17%	+$13.8M	2.36%	17
2013 Q2	$75.5M	Buy	+1,631,901	New	+$83.1M	1.79%	22