Franklin Financial Services
FRAF
30 hedge funds and large institutions have $27.3M invested in Franklin Financial Services in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 6 closing their positions.
0.23% more ownership
Funds ownership: 22.27% → 22.5% (+0.23%)
6% less capital invested
Capital invested by funds: $29.1M → $27.3M (-$1.71M)
6% less funds holding
Funds holding: 32 → 30 (-2)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.61M |
| 2 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$593K |
| 3 |
BlackRock
New York
|
+$361K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$232K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$177K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$5.6M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.21M |
| 3 |
BCM
BHZ Capital Management
San Jose,
California
|
-$392K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$334K |
| 5 |
FMTCOCP
Farmers & Merchants Trust Co of Chambersburg PA
Chambersburg,
Pennsylvania
|
-$230K |
FRAF Hedge Fund Activity: Q2 2023 in Review
30 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Franklin Financial Services (FRAF) for Q2 2023, worth a combined $27.3M — down 5.9% from $29.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FRAF and 4 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 7 added.
The largest buyer was Vanguard Group, adding an estimated $6.61M. The largest seller was Fourthstone LLC, cutting an estimated $5.6M.
- 30 institutional investors held Franklin Financial Services (FRAF) as of Q2 2023, down from 32 in Q1 2023.
- Funds reported $27.3M of Franklin Financial Services stock for Q2 2023, down 5.9% quarter-over-quarter.
- 4 funds opened new Franklin Financial Services positions in Q2 2023 and 6 closed out, a net change of -2 holders.
- The largest Franklin Financial Services buyer in Q2 2023 was Vanguard Group, an estimated $6.61M added.
- The largest Franklin Financial Services seller in Q2 2023 was Fourthstone LLC, an estimated $5.6M sold.
Based on aggregated 13F filings for Q2 2023.