Franklin Electric
FELE
319 hedge funds and large institutions have $3.28B invested in Franklin Electric in 2023 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 105 increasing their positions, 115 reducing their positions, and 30 closing their positions.
17% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 30
7% more call options, than puts
Call options by funds: $677K | Put options by funds: $634K
1% more funds holding
Funds holding: 316 → 319 (+3)
0.27% more ownership
Funds ownership: 79.18% → 79.45% (+0.27%)
9% less repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 115
13% less capital invested
Capital invested by funds: $3.76B → $3.28B (-$482M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$31.9M |
| 2 |
RS
Robeco Schweiz
Zurich,
Switzerland
|
+$14.6M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$10.2M |
| 4 |
KBC Group
Brussels,
Belgium
|
+$6.59M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$4.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$21.7M |
| 2 |
BlackRock
New York
|
-$15.5M |
| 3 |
Millennium Management
New York
|
-$9.84M |
| 4 |
Axa
Paris,
France
|
-$5M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$4.43M |
FELE Hedge Fund Activity: Q3 2023 in Review
319 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Franklin Electric (FELE) for Q3 2023, worth a combined $3.28B — down 13% from $3.76B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new FELE positions and 30 closed out — a net gain of 5 holders — while 105 added to existing stakes and 115 trimmed.
The largest buyer was Allianz Asset Management, adding an estimated $31.9M. The largest seller was State Street, cutting an estimated $21.7M.
- 319 institutional investors held Franklin Electric (FELE) as of Q3 2023, up from 316 in Q2 2023.
- Funds reported $3.28B of Franklin Electric stock for Q3 2023, down 13% quarter-over-quarter.
- 35 funds opened new Franklin Electric positions in Q3 2023 and 30 closed out, a net change of +5 holders.
- The largest Franklin Electric buyer in Q3 2023 was Allianz Asset Management, an estimated $31.9M added.
- The largest Franklin Electric seller in Q3 2023 was State Street, an estimated $21.7M sold.
Based on aggregated 13F filings for Q3 2023.