Franklin Resources
BEN
515 hedge funds and large institutions have $9.68B invested in Franklin Resources in 2016 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 143 increasing their positions, 224 reducing their positions, and 46 closing their positions.
3% more capital invested
Capital invested by funds: $9.4B → $9.68B (+$277M)
0.74% less ownership
Funds ownership: 48.22% → 47.48% (-0.74%)
1% less funds holding
Funds holding: 520 → 515 (-5)
2% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 46
11% less call options, than puts
Call options by funds: $96.5M | Put options by funds: $108M
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
36% less repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 224
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$120M |
| 2 |
State Street
Boston,
Massachusetts
|
+$60.6M |
| 3 |
Morgan Stanley
New York
|
+$32.4M |
| 4 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
+$28.1M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
+$18.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$85.3M |
| 2 |
HCM
Herndon Capital Management
Atlanta,
Georgia
|
-$76.8M |
| 3 |
ClearBridge Investments
New York
|
-$41.9M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$41.8M |
| 5 |
JP Morgan Chase
New York
|
-$40.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCA
551
Checchi Capital Advisers
Beverly Hills,
California
| – | -$111K | -3,330 | Closed |
|
552
Acadian Asset Management
Boston,
Massachusetts
| – | -$105K | -3,160 | Closed |
|
|
EA
553
Euclid Advisors
Hartford,
Connecticut
| – | -$85K | -2,540 | Closed |
|
|
FWC
554
First Washington Corp
Seattle,
Washington
| – | -$80K | -2,400 | Closed |
|
|
PAIA
555
Park Avenue Institutional Advisers
New York
| – | -$79K | -2,359 | Closed |
|
|
TF
556
Tompkins Financial
Ithaca,
New York
| – | -$37K | -1,105 | Closed |
|
|
GS
557
GAM Systematic
Cambridge,
United Kingdom
| – | -$32K | -973 | Closed |
|
558
Simplex Trading
Chicago,
Illinois
| – | -$12.4K | -351 | Closed |
|
|
IR
559
Invictus RG
Hamilton,
Bermuda
| – | -$3K | -95 | Closed |
|
|
MWP
560
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| – | -$3K | -75 | Closed |
|
BEN Hedge Fund Activity: Q3 2016 in Review
515 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Resources (BEN) for Q3 2016, worth a combined $9.68B — up 2.9% from $9.4B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of BEN and 45 opened new positions — a net loss of 1 holder — while 224 trimmed existing stakes and 143 added.
The largest buyer was Highfields Capital Management, adding an estimated $120M. The largest seller was Fidelity Investments, cutting an estimated $85.3M.
- 515 institutional investors held Franklin Resources (BEN) as of Q3 2016, down from 520 in Q2 2016.
- Funds reported $9.68B of Franklin Resources stock for Q3 2016, up 2.9% quarter-over-quarter.
- 45 funds opened new Franklin Resources positions in Q3 2016 and 46 closed out, a net change of -1 holder.
- The largest Franklin Resources buyer in Q3 2016 was Highfields Capital Management, an estimated $120M added.
- The largest Franklin Resources seller in Q3 2016 was Fidelity Investments, an estimated $85.3M sold.
Based on aggregated 13F filings for Q3 2016.