Wintergreen Advisers’s Franklin Resources BEN Stock Holding History

Wintergreen Advisers’s Portfolio BEN Stock Details BEN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-1,554,224	Closed	-$57.9M	–	11
2015 Q3	$57.9M	Sell	1,554,224 -238,516	-13%	-$10.3M	11.93%	4
2015 Q2	$87.9M	Sell	1,792,740 -200,327	-10%	-$10.3M	16.58%	3
2015 Q1	$102M	Sell	1,993,067 -386,703	-16%	-$20.5M	16.87%	2
2014 Q4	$132M	Hold	2,379,770	–	–	16.52%	2
2014 Q3	$130M	Buy	2,379,770 +78,568	+3%	+$4.4M	16.84%	1
2014 Q2	$133M	Sell	2,301,202 -13,061	-0.6%	-$714K	17.1%	2
2014 Q1	$125M	Sell	2,314,263 -12,687	-0.5%	-$683K	14.67%	2
2013 Q4	$134M	Hold	2,326,950	–	–	14.85%	2
2013 Q3	$118M	Hold	2,326,950	–	–	12.4%	2
2013 Q2	$106M	Buy	+2,326,950	New	+$118M	11.49%	2

Other funds holding BEN

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

VVP

Vulcan Value Partners Birmingham, Alabama $3.77B AUM 9.63% 1-Year Est. Return

HCM

Highfields Capital Management Boston, Massachusetts $68.3M AUM 21.64% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Pzena Investment Management New York $30.8B AUM 11.29% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Diamond Hill Capital Management Columbus, Ohio $16B AUM 4.15% 1-Year Est. Return

Wintergreen Advisers's BEN Position: Q4 2015 in Review

Wintergreen Advisers sold out of Franklin Resources (BEN) in Q4 2015, closing a stake of 1,554,224 shares — an estimated $57.9M sold.

Wintergreen Advisers first reported a position in BEN in Q2 2013 and held it in 10 quarters. The position peaked at $134M in Q4 2013. 559 funds tracked by Wall St. Rank hold BEN as of Q4 2015.

Wintergreen Advisers reported no remaining Franklin Resources position as of Q4 2015 after selling out during the quarter.
Wintergreen Advisers sold 1,554,224 Franklin Resources shares in Q4 2015, an estimated $57.9M.
Wintergreen Advisers first reported a position in Franklin Resources in Q2 2013 and held it in 10 quarters.
Wintergreen Advisers's Franklin Resources position peaked at $134M in Q4 2013.
559 funds tracked by Wall St. Rank held Franklin Resources as of Q4 2015.

Based on Wintergreen Advisers's 13F filing for Q4 2015, filed 12 Feb 2016.