Franklin Resources
BEN
527 hedge funds and large institutions have $7.06B invested in Franklin Resources in 2019 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 166 increasing their positions, 210 reducing their positions, and 88 closing their positions.
2.02% less ownership
Funds ownership: 50.7% → 48.68% (-2%)
7% less funds holding
Funds holding: 567 → 527 (-40)
21% less capital invested
Capital invested by funds: $8.92B → $7.06B (-$1.86B)
21% less repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 210
29% less call options, than puts
Call options by funds: $29.9M | Put options by funds: $41.9M
43% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 88
50% less funds holding in top 10
Funds holding in top 10: 12 → 6 (-6)
Top Buyers
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$68.1M |
| 2 |
Millennium Management
New York
|
+$50.1M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$38.2M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$33M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$32.9M |
Top Sellers
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$148M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$113M |
| 3 |
Pzena Investment Management
New York
|
-$74.2M |
| 4 |
APG Asset Management
Amsterdam,
Netherlands
|
-$43.5M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$39.8M |
BEN Hedge Fund Activity: Q3 2019 in Review
527 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Franklin Resources (BEN) for Q3 2019, worth a combined $7.06B — down 21% from $8.92B a quarter earlier.
Sellers outnumbered buyers: 88 funds closed out of BEN and 50 opened new positions — a net loss of 38 holders — while 210 trimmed existing stakes and 166 added.
The largest buyer was First Trust Advisors, adding an estimated $68.1M. The largest seller was Fiduciary Management Inc, exiting entirely with an estimated $148M sold.
- 527 institutional investors held Franklin Resources (BEN) as of Q3 2019, down from 567 in Q2 2019.
- Funds reported $7.06B of Franklin Resources stock for Q3 2019, down 21% quarter-over-quarter.
- 50 funds opened new Franklin Resources positions in Q3 2019 and 88 closed out, a net change of -38 holders.
- The largest Franklin Resources buyer in Q3 2019 was First Trust Advisors, an estimated $68.1M added.
- The largest Franklin Resources seller in Q3 2019 was Fiduciary Management Inc, an estimated $148M sold.
Based on aggregated 13F filings for Q3 2019.