Franklin Resources
589 hedge funds and large institutions have $17.4B invested in Franklin Resources in 2014 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 220 increasing their positions, 228 reducing their positions, and 46 closing their positions.
0.36% more ownership
Funds ownership: 50.6% → 50.97% (+0.36%)
4% less repeat investments, than reductions
Existing positions increased: 220 | Existing positions reduced: 228
9% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 46
2% less funds holding
Funds holding: 604 → 589 (-15)
5% less capital invested
Capital invested by funds: $18.4B → $17.4B (-$987M)
10% less call options, than puts
Call options by funds: $24.7M | Put options by funds: $27.5M
35% less funds holding in top 10
Funds holding in top 10: 20 → 13 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$494M |
| 2 |
Harris Associates
Chicago,
Illinois
|
+$235M |
| 3 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$99.9M |
| 4 |
FPP
Findlay Park Partners
London,
United Kingdom
|
+$81.9M |
| 5 |
Goldman Sachs
New York
|
+$73.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$482M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$259M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$74.7M |
| 4 |
PI
PGGM Investments
Zeist,
Netherlands
|
-$67M |
| 5 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
-$51.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AP
626
Appleton Partners
Boston,
Massachusetts
| – | -$207K | -3,585 | Closed |
|
|
SCA
627
SAC Capital Advisors
Stamford,
Connecticut
| – | -$177K | -3,060 | Closed |
|
628
Teacher Retirement System of Texas
Austin,
Texas
| – | -$142K | -2,458 | Closed |
|
|
MCM
629
Munder Capital Management
Birmingham,
Michigan
| – | -$126K | -2,180 | Closed |
|
|
CGT
630
Capital Guardian Trust
Los Angeles,
California
| – | -$114K | -1,974 | Closed |
|
|
PMFA
631
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$53K | -924 | Closed |
|
|
FMB
632
Field & Main Bank
Henderson,
Kentucky
| – | -$25K | -428 | Closed |
|
|
DADC
633
D.A. Davidson & Co
Great Falls,
Montana
| – | -$14.4K | -267 | -100% |
|
|
LWA
634
Lenox Wealth Advisors
New York
| – | -$8K | -141 | Closed |
|
|
TRCT
635
Tower Research Capital (TRC)
New York
| – | -$7.54K | -140 | Closed |
|
|
MFBTD
636
MB Financial Bank - Trust Department
Rosemont,
Illinois
| – | -$4K | -75 | Closed |
|
BEN Hedge Fund Activity: Q1 2014 in Review
589 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Franklin Resources (BEN) for Q1 2014, worth a combined $17.4B — down 5.4% from $18.4B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of BEN and 42 opened new positions — a net loss of 4 holders — while 228 trimmed existing stakes and 220 added.
The largest buyer was Massachusetts Financial Services, adding an estimated $494M. The largest seller was T. Rowe Price Associates, cutting an estimated $482M.
- 589 institutional investors held Franklin Resources (BEN) as of Q1 2014, down from 604 in Q4 2013.
- Funds reported $17.4B of Franklin Resources stock for Q1 2014, down 5.4% quarter-over-quarter.
- 42 funds opened new Franklin Resources positions in Q1 2014 and 46 closed out, a net change of -4 holders.
- The largest Franklin Resources buyer in Q1 2014 was Massachusetts Financial Services, an estimated $494M added.
- The largest Franklin Resources seller in Q1 2014 was T. Rowe Price Associates, an estimated $482M sold.
Based on aggregated 13F filings for Q1 2014.