Franklin Resources
604 hedge funds and large institutions have $18.4B invested in Franklin Resources in 2013 Q4 according to their latest regulatory filings, with 74 funds opening new positions, 192 increasing their positions, 252 reducing their positions, and 33 closing their positions.
124% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 33
82% more funds holding in top 10
Funds holding in top 10: 11 → 20 (+9)
13% more capital invested
Capital invested by funds: $16.3B → $18.4B (+$2.15B)
6% more funds holding
Funds holding: 571 → 604 (+33)
0.12% less ownership
Funds ownership: 50.72% → 50.6% (-0.12%)
24% less repeat investments, than reductions
Existing positions increased: 192 | Existing positions reduced: 252
34% less call options, than puts
Call options by funds: $59.5M | Put options by funds: $89.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$292M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$247M |
| 3 |
Harris Associates
Chicago,
Illinois
|
+$118M |
| 4 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$117M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$52.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$431M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$110M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$109M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$46.5M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$45.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VFS
626
VSR Financial Services
Overland Park,
Kansas
| – | -$405K | -8,013 | Closed |
|
627
Two Sigma Advisers
New York
| – | -$393K | -7,285 | Closed |
|
|
AIU
628
Algebris Investments (UK)
London,
United Kingdom
| – | -$311K | -6,150 | Closed |
|
|
MCM
629
Matarin Capital Management
New York
| – | -$252K | -4,995 | Closed |
|
|
USGIU
630
U.S. Global Investors (USGI)
San Antonio,
Texas
| – | -$243K | -4,800 | Closed |
|
|
MAM
631
Mark Asset Management
New York
| – | -$76K | -1,500 | Closed |
|
|
TC
632
TradeLink Capital
Chicago,
Illinois
| – | -$25K | -500 | Closed |
|
|
IRS
633
Invictus RG (Singapore)
Singapore
| – | -$22K | -429 | Closed |
|
634
Jones Financial Companies
Des Peres,
Missouri
| – | -$15K | -294 | Closed |
|
635
Victory Capital Management
San Antonio,
Texas
| – | -$10K | -204 | Closed |
|
|
PCM
636
Prelude Capital Management
New York
| – | -$3K | -60 | Closed |
|
BEN Hedge Fund Activity: Q4 2013 in Review
604 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Franklin Resources (BEN) for Q4 2013, worth a combined $18.4B — up 13% from $16.3B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new BEN positions and 33 closed out — a net gain of 41 holders — while 192 added to existing stakes and 252 trimmed.
The largest buyer was Highfields Capital Management, adding an estimated $292M. The largest seller was T. Rowe Price Associates, cutting an estimated $431M.
- 604 institutional investors held Franklin Resources (BEN) as of Q4 2013, up from 571 in Q3 2013.
- Funds reported $18.4B of Franklin Resources stock for Q4 2013, up 13% quarter-over-quarter.
- 74 funds opened new Franklin Resources positions in Q4 2013 and 33 closed out, a net change of +41 holders.
- The largest Franklin Resources buyer in Q4 2013 was Highfields Capital Management, an estimated $292M added.
- The largest Franklin Resources seller in Q4 2013 was T. Rowe Price Associates, an estimated $431M sold.
Based on aggregated 13F filings for Q4 2013.