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Franklin Resources
BEN

571 hedge funds and large institutions have $16.3B invested in Franklin Resources in 2013 Q3 according to their latest regulatory filings, with 68 funds opening new positions, 186 increasing their positions, 238 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $14.8B → $16.3B (+$1.43B)

3% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 66

0% less funds holding

Funds holding: 573 → 571 (-2)

22% less repeat investments, than reductions

Existing positions increased: 186 | Existing positions reduced: 238

25% less call options, than puts

Call options by funds: $107M | Put options by funds: $144M

35% less funds holding in top 10

Funds holding in top 10: 17 → 11 (-6)

105.75% less ownership

Funds ownership: 156.47% → 50.72% (-106%)

Holders
571
Holders Change
-2
Holders Change %
-0.35%
% of All Funds
18.51%
Holding in Top 10
11
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-35.29%
% of All Funds
0.36%
New
68
Increased
186
Reduced
238
Closed
66
Calls
$107M
Puts
$144M
Net Calls
-$36.5M
Net Calls Change
+$75.9M

Top Buyers

Rank Fund Capital Flow
1
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$366M
2
Harris Associates
Harris Associates
Illinois
+$238M
3
MC
Montag & Caldwell
Georgia
+$103M
4
Wells Fargo
Wells Fargo
California
+$72.9M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$50.6M

Top Sellers

Rank Fund Capital Flow
1
Winslow Capital Management
Winslow Capital Management
Minnesota
-$377M
2
Northern Trust
Northern Trust
Illinois
-$211M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$117M
4
First Manhattan
First Manhattan
New York
-$96.8M
5
Citadel Advisors
Citadel Advisors
Florida
-$76.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Connor, Clark & Lunn Investment Management (CC&L)
626
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
– -$373K -7,800 Closed
CM
627
Churchill Management
California
– -$289K -6,372 Closed
EMG
628
Ellington Management Group
Connecticut
– -$218K -4,800 Closed
YMRC
629
Yorktown Management & Research Company
Virginia
– -$218K -4,800 Closed
DSC
630
Duncker Streett & Co
Missouri
– -$204K -4,500 Closed
ST
631
Smithfield Trust
Pennsylvania
– -$121K -2,682 Closed
NIM
632
NuWave Investment Management
New Jersey
– -$121K -2,661 Closed
TSWM
633
Triangle Securities Wealth Management
North Carolina
– -$78K -1,725 Closed
FHB
634
First Hawaiian Bank
Hawaii
– -$55K -1,212 Closed
SIIU
635
Scotia Institutional Investments US
Pennsylvania
– -$24K -531 Closed
MFS
636
MSI Financial Services
Massachusetts
– -$3K -72 Closed
GC
637
Globeflex Capital
California
– -$1K -39 Closed
22 23 24 25
26

BEN Hedge Fund Activity: Q3 2013 in Review

571 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Franklin Resources (BEN) for Q3 2013, worth a combined $16.3B — up 9.6% from $14.8B a quarter earlier.

Buyers outnumbered sellers: 68 funds opened new BEN positions and 66 closed out — a net gain of 2 holders — while 186 added to existing stakes and 238 trimmed.

The largest buyer was Massachusetts Financial Services, adding an estimated $366M. The largest seller was Winslow Capital Management, cutting an estimated $377M.

  • 571 institutional investors held Franklin Resources (BEN) as of Q3 2013, down from 573 in Q2 2013.
  • Funds reported $16.3B of Franklin Resources stock for Q3 2013, up 9.6% quarter-over-quarter.
  • 68 funds opened new Franklin Resources positions in Q3 2013 and 66 closed out, a net change of +2 holders.
  • The largest Franklin Resources buyer in Q3 2013 was Massachusetts Financial Services, an estimated $366M added.
  • The largest Franklin Resources seller in Q3 2013 was Winslow Capital Management, an estimated $377M sold.

Based on aggregated 13F filings for Q3 2013.