Franklin Resources
BEN
595 hedge funds and large institutions have $16.9B invested in Franklin Resources in 2014 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 199 increasing their positions, 245 reducing their positions, and 46 closing their positions.
7% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 46
2% more call options, than puts
Call options by funds: $30.6M | Put options by funds: $30M
0.69% less ownership
Funds ownership: 50.31% → 49.61% (-0.69%)
1% less funds holding
Funds holding: 600 → 595 (-5)
7% less capital invested
Capital invested by funds: $18.3B → $16.9B (-$1.36B)
19% less repeat investments, than reductions
Existing positions increased: 199 | Existing positions reduced: 245
56% less funds holding in top 10
Funds holding in top 10: 18 → 8 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
+$113M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$46.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$43.5M |
| 4 |
Harris Associates
Chicago,
Illinois
|
+$31.9M |
| 5 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$29.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$103M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$65.3M |
| 3 |
Calamos Advisors
Naperville,
Illinois
|
-$64.5M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$60.1M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$54M |
BEN Hedge Fund Activity: Q3 2014 in Review
595 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Franklin Resources (BEN) for Q3 2014, worth a combined $16.9B — down 7.4% from $18.3B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new BEN positions and 46 closed out — a net gain of 3 holders — while 199 added to existing stakes and 245 trimmed.
The largest buyer was Southeastern Asset Management, opening a new position worth an estimated $113M. The largest seller was Norges Bank, cutting an estimated $103M.
- 595 institutional investors held Franklin Resources (BEN) as of Q3 2014, down from 600 in Q2 2014.
- Funds reported $16.9B of Franklin Resources stock for Q3 2014, down 7.4% quarter-over-quarter.
- 49 funds opened new Franklin Resources positions in Q3 2014 and 46 closed out, a net change of +3 holders.
- The largest Franklin Resources buyer in Q3 2014 was Southeastern Asset Management, an estimated $113M added.
- The largest Franklin Resources seller in Q3 2014 was Norges Bank, an estimated $103M sold.
Based on aggregated 13F filings for Q3 2014.