FRANKLIN RESOURCES INC
Q4 2023 Form 13-F

SAN MATEO, CALIFORNIA
CIK 0000038777 · CRD 104517 · Publicly traded company
Publicly traded · BEN · View company profile
Holdings reported by Ascent Group LLC since Q1 2025
Consolidated report · includes 21 managers since Q2 2013
$213.9B Reported Value Total

FRANKLIN ADVISERS, INC. reports 12,018 total accounts under management (AUM). There are 12,001 discretionary accounts valued at $337,797,495,148, and 17 non-discretionary accounts valued at $1,380,608,396.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Firm Brochure (Part 2A) Brochure Supplement (Part 2B)
Private funds (Form ADV)
105 funds · $9.9B gross asset value
Private Equity Fund: $2.8B · Liquidity Fund: $2.2B · Securitized Asset Fund: $2.0B · Hedge Fund: $679.0M · Other: $464.2M
Source: Form ADV filed 2026-09-16
Reported value
$213.9B
Quarter over quarter
+11.5%
Holdings
2,571
Top-10 concentration
18.0%

Reports holdings for

Holdings reported by

Key People

Form ADV owners & control persons
Leeor Paul Avigdor
TREASURER
Roger Alan Bayston
EXECUTIVE VICE PRESIDENT
Christian Kanan Correa
CHIEF INVESTMENT OFFICER

Franklin Resources, Inc., operating under the brand name Franklin Templeton, is a global investment management organization with approximately $1.4 trillion in assets under management (AUM) as of September 30, 2023. The company offers a broad range of investment products, including fixed income, equity, alternative, multi-asset, and cash management asset classes. Their services cater to retail, institutional, and high-net-worth investors worldwide.

The company generates revenue primarily through investment management fees, administration fees, and distribution fees. These fees are typically based on a percentage of the assets they manage. The investment management services are provided by specialist investment managers such as Benefit Street Partners, Brandywine Global, and Clarion Partners, who offer expertise across various asset classes and strategies.

Franklin's global distribution framework is divided into two main groups: global advisory services and global alliances and new business strategies. They utilize diverse sales channels, including retail, institutional, private wealth, retirement, insurance, and other specialty sales, to distribute their products and services. Additionally, Franklin provides trust, custody, and related services through its Fiduciary Trust International subsidiaries, catering specifically to high-net-worth individuals and families. They also offer a range of alternative products, including private credit funds, structured products, and hedge funds.

Operating in over 30 countries, Franklin is subject to extensive regulation by various U.S. and international authorities, including the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the Office of Foreign Assets Control of the U.S. Department of the Treasury (OFAC). The company faces significant competition in the financial services industry and must navigate a complex and changing regulatory environment, cybersecurity threats, data privacy concerns, and considerations related to environmental, social, and governance (ESG) factors.

Franklin has implemented comprehensive compliance and risk management processes to address these challenges, including executive compensation clawback policies, issuer share repurchase plans, cybersecurity disclosure requirements, and climate-related disclosure rules. The company continuously evaluates and updates its processes in response to evolving risks and regulatory requirements.

In summary, Franklin Resources, Inc. is a global investment management firm with a diverse portfolio of investment products and services, extensive regulatory oversight, and a robust framework for managing risks and compliance.

Company description summarized from 10-K filing.
Q3 2023
Q1 2024
Go to latest

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

Loading 13F Metrics

Q4 2023 13F filing summary

Period of report December 31, 2023
Filed February 09, 2024
Form 13F-HR
Reported value $213.9B
Positions 2,571
Change in reported value +8.7%
New positions 121
Exited positions 142
Position turnover 9.7%
Top-10 concentration 18.0%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 13, 2026
 3,098 $461.9B
Q1 2026 13F
Filed May 13, 2026
 3,057 $408.3B
Q4 2025 13F
Filed Feb 11, 2026
 2,999 $407.6B
Q3 2025 13F
Filed Nov 13, 2025
 3,010 $401.0B
Q2 2025 13F
Filed Aug 12, 2025
 2,916 $377.2B
Q1 2025 13F
Filed May 13, 2025
 2,855 $347.6B
Q4 2024 13F
Filed Feb 12, 2025
 2,813 $360.1B
Q3 2024 13F
Filed Nov 12, 2024
 2,799 $356.1B
Q2 2024 13F
Filed Aug 14, 2024
 2,745 $325.3B
Q1 2024 13F
Filed May 13, 2024
 2,735 $315.8B
Q4 2023 13F
Filed Feb 9, 2024
 2,571 $213.9B
Q3 2023 13F
Filed Nov 13, 2023
 2,595 $196.8B
Q2 2023 13F
Filed Aug 11, 2023
 2,657 $210.4B
Q1 2023 13F
Filed May 12, 2023
 2,248 $199.3B
Q4 2022 13F
Filed Feb 10, 2023
 2,265 $192.4B
Q3 2022 13F
Filed Nov 14, 2022
 2,228 $183.5B
Q2 2022 13F
Filed Aug 11, 2022
 2,285 $201.7B
Q1 2022 13F
Filed May 13, 2022
 2,368 $250.2B
Q4 2021 13F
Filed Feb 11, 2022
 2,409 $277.3B
Q3 2021 13F
Filed Nov 12, 2021
 2,394 $265.6B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q4 2023

# Holding Reported value % of portfolio
1 MSFT MICROSOFT CORP $9.5B 4.45%
2 AMZN AMAZON COM INC $5.0B 2.35%
3 NVDA NVIDIA CORPORATION $4.8B 2.25%
4 AAPL APPLE INC $4.2B 1.96%
5 GOOGL ALPHABET INC $3.2B 1.52%
6 MA MASTERCARD INCORPORATED $2.5B 1.19%
7 UNH UNITEDHEALTH GROUP INC $2.5B 1.16%
8 CVX CHEVRON CORP NEW $2.3B 1.09%
9 V VISA INC $2.2B 1.03%
10 JPM JPMORGAN CHASE & CO $2.1B 1.0%
11 NOW SERVICENOW INC $2.1B 1.0%
12 TXN TEXAS INSTRS INC $2.0B 0.95%
13 GOOG ALPHABET INC $1.8B 0.83%
14 ROP ROPER TECHNOLOGIES INC $1.8B 0.83%
15 LIN LINDE PLC $1.7B 0.81%
16 JNJ JOHNSON & JOHNSON $1.7B 0.8%
17 SNPS SYNOPSYS INC $1.7B 0.78%
18 ADI ANALOG DEVICES INC $1.6B 0.76%
19 MDT MEDTRONIC PLC $1.6B 0.75%
20 INTU INTUIT $1.6B 0.75%

Values as reported on the Q4 2023 Form 13F. Every position is in the holdings table below.

Loading Activities
Loading Sector Allocation
Crunching numbers
Loading Performance
Finding Potential New Buys
Building table
Loading SEC filing data
Loading Form 4 Filings
Loading 13D/G filings