Franklin Resources
BEN
520 hedge funds and large institutions have $9.4B invested in Franklin Resources in 2016 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 171 increasing their positions, 212 reducing their positions, and 64 closing their positions.
1.99% less ownership
Funds ownership: 50.21% → 48.22% (-2%)
4% less funds holding
Funds holding: 544 → 520 (-24)
17% less capital invested
Capital invested by funds: $11.3B → $9.4B (-$1.93B)
19% less repeat investments, than reductions
Existing positions increased: 171 | Existing positions reduced: 212
25% less funds holding in top 10
Funds holding in top 10: 12 → 9 (-3)
30% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 64
32% less call options, than puts
Call options by funds: $107M | Put options by funds: $159M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$179M |
| 2 |
Morgan Stanley
New York
|
+$123M |
| 3 |
Select Equity Group
New York
|
+$46M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$30.8M |
| 5 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$25.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
-$211M |
| 2 |
Goldman Sachs
New York
|
-$174M |
| 3 |
Royal London Asset Management
United Kingdom
|
-$133M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$129M |
| 5 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
-$60.4M |
BEN Hedge Fund Activity: Q2 2016 in Review
520 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Resources (BEN) for Q2 2016, worth a combined $9.4B — down 17% from $11.3B a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of BEN and 45 opened new positions — a net loss of 19 holders — while 212 trimmed existing stakes and 171 added.
The largest buyer was Highfields Capital Management, adding an estimated $179M. The largest seller was Harris Associates, exiting entirely with an estimated $211M sold.
- 520 institutional investors held Franklin Resources (BEN) as of Q2 2016, down from 544 in Q1 2016.
- Funds reported $9.4B of Franklin Resources stock for Q2 2016, down 17% quarter-over-quarter.
- 45 funds opened new Franklin Resources positions in Q2 2016 and 64 closed out, a net change of -19 holders.
- The largest Franklin Resources buyer in Q2 2016 was Highfields Capital Management, an estimated $179M added.
- The largest Franklin Resources seller in Q2 2016 was Harris Associates, an estimated $211M sold.
Based on aggregated 13F filings for Q2 2016.