Franklin Resources
548 hedge funds and large institutions have $7.6B invested in Franklin Resources in 2018 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 185 increasing their positions, 216 reducing their positions, and 65 closing their positions.
0.97% more ownership
Funds ownership: 46.55% → 47.52% (+0.97%)
4% less funds holding
Funds holding: 569 → 548 (-21)
6% less capital invested
Capital invested by funds: $8.04B → $7.6B (-$442M)
14% less repeat investments, than reductions
Existing positions increased: 185 | Existing positions reduced: 216
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
25% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 65
40% less call options, than puts
Call options by funds: $17.7M | Put options by funds: $29.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$180M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$154M |
| 3 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$135M |
| 4 |
ACM
Abrams Capital Management
Boston,
Massachusetts
|
+$64.4M |
| 5 |
Bank of New York Mellon
New York
|
+$30M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$111M |
| 2 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$101M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$80.3M |
| 4 |
BlackRock
New York
|
-$68.4M |
| 5 |
Pzena Investment Management
New York
|
-$50.6M |
BEN Hedge Fund Activity: Q3 2018 in Review
548 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Franklin Resources (BEN) for Q3 2018, worth a combined $7.6B — down 5.5% from $8.04B a quarter earlier.
Sellers outnumbered buyers: 65 funds closed out of BEN and 49 opened new positions — a net loss of 16 holders — while 216 trimmed existing stakes and 185 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $180M. The largest seller was Massachusetts Financial Services, cutting an estimated $111M.
- 548 institutional investors held Franklin Resources (BEN) as of Q3 2018, down from 569 in Q2 2018.
- Funds reported $7.6B of Franklin Resources stock for Q3 2018, down 5.5% quarter-over-quarter.
- 49 funds opened new Franklin Resources positions in Q3 2018 and 65 closed out, a net change of -16 holders.
- The largest Franklin Resources buyer in Q3 2018 was T. Rowe Price Associates, an estimated $180M added.
- The largest Franklin Resources seller in Q3 2018 was Massachusetts Financial Services, an estimated $111M sold.
Based on aggregated 13F filings for Q3 2018.