Franklin Electric
FELE
298 hedge funds and large institutions have $3.48B invested in Franklin Electric in 2023 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 97 increasing their positions, 113 reducing their positions, and 23 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
43% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 23
21% more capital invested
Capital invested by funds: $2.88B → $3.48B (+$597M)
2% more funds holding
Funds holding: 291 → 298 (+7)
2.18% more ownership
Funds ownership: 77.84% → 80.02% (+2.2%)
14% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 113
47% less call options, than puts
Call options by funds: $160K | Put options by funds: $301K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$18.3M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$13.2M |
| 3 |
DS
Dudley & Shanley
Palm Beach,
Florida
|
+$10.2M |
| 4 |
ONB
Old National Bancorp
Evansville,
Indiana
|
+$8.42M |
| 5 |
Goldman Sachs
New York
|
+$6.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMC
First Merchants Corp
Muncie,
Indiana
|
-$16M |
| 2 |
Millennium Management
New York
|
-$14M |
| 3 |
BlackRock
New York
|
-$11.9M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$10.8M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
-$5.72M |
FELE Hedge Fund Activity: Q1 2023 in Review
298 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Franklin Electric (FELE) for Q1 2023, worth a combined $3.48B — up 21% from $2.88B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new FELE positions and 23 closed out — a net gain of 10 holders — while 97 added to existing stakes and 113 trimmed.
The largest buyer was State Street, adding an estimated $18.3M. The largest seller was First Merchants Corp, exiting entirely with an estimated $16M sold.
- 298 institutional investors held Franklin Electric (FELE) as of Q1 2023, up from 291 in Q4 2022.
- Funds reported $3.48B of Franklin Electric stock for Q1 2023, up 21% quarter-over-quarter.
- 33 funds opened new Franklin Electric positions in Q1 2023 and 23 closed out, a net change of +10 holders.
- The largest Franklin Electric buyer in Q1 2023 was State Street, an estimated $18.3M added.
- The largest Franklin Electric seller in Q1 2023 was First Merchants Corp, an estimated $16M sold.
Based on aggregated 13F filings for Q1 2023.