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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$366M |
| 2 |
Harris Associates
Chicago,
Illinois
|
+$238M |
| 3 |
MC
Montag & Caldwell
Atlanta,
Georgia
|
+$103M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$72.9M |
| 5 |
Bank of New York Mellon
New York
|
+$50.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$377M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$211M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$117M |
| 4 |
First Manhattan
New York
|
-$96.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$76.7M |
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.