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Asset Manager ← All Institutions

FRANKLIN RESOURCES INC

ONE FRANKLIN PARKWAY BUILDING 920/2, LEGAL-FRI SECRETARY, SAN MATEO, CA 94403 • 650-312-2000

Q3 2025 · Filed 2025-11-13
Market Value
$400.9B
+6.4%
Holdings
4,986
+141
New Purchases
141
Added To
1,570
Closed
1,880
Reduced
1,106
Top 10 Concentration
24.9%
Turnover
40.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 2.14% 1.49% +0.65% $8.6B
NVDA 4.65% 4.16% +0.48% $18.6B
AAPL 2.89% 2.41% +0.48% $11.6B
AVGO 2.43% 2.08% +0.35% $9.7B
APP 0.44% 0.18% +0.26% $1.8B
TSLA 0.75% 0.54% +0.21% $3.0B
BDX 0.31% 0.12% +0.19% $1.3B
TMO 0.72% 0.53% +0.19% $2.9B
NVO 0.19% 0.01% +0.19% $776M
STX 0.48% 0.32% +0.16% $1.9B
GEV 0.18% 0.06% +0.12% $723M
GOOG 0.97% 0.85% +0.12% $3.9B
HD 0.38% 0.27% +0.12% $1.5B
BAC-PL 0.11% 0.00% +0.10% $430M
C 0.83% 0.73% +0.10% $3.3B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CRM 0.19% 0.51% -0.32% $762M
MRK 0.35% 0.57% -0.22% $1.4B
V 0.69% 0.90% -0.21% $2.8B
NOW 0.50% 0.69% -0.19% $2.0B
ISRG 0.35% 0.51% -0.17% $1.4B
KVUE 0.03% 0.18% -0.16% $102M
CHTR 0.21% 0.34% -0.13% $827M
META 1.56% 1.68% -0.13% $6.2B
CMG 0.07% 0.19% -0.13% $273M
FCX 0.28% 0.40% -0.12% $1.1B
MSFT 5.19% 5.31% -0.12% $20.8B
UPS 0.02% 0.14% -0.11% $93M
NFLX 0.61% 0.73% -0.11% $2.5B
ACN 0.43% 0.54% -0.10% $1.7B
AXON 0.27% 0.37% -0.10% $1.1B

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 33.1%
Healthcare 16.6%
Technology 15.9%
Industrials 11.4%
Consumer Cyclical 7.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 74 $177.2B 44.8%
Large Cap 1,002 $187.5B 47.4%
Mid Cap 1,197 $20.6B 5.2%
Small Cap 1,176 $9.3B 2.4%
Micro Cap 402 $1.2B 0.3%

Portfolio Analytics

Avg Market Cap
$26.3B
Median Market Cap
$3.2B
Avg P/E
30.3
Median P/E
19.6
Avg Dividend Yield
0.04%
Avg Beta
1.07
# Stocks
3,210
# ETFs / Funds
656

Top Holdings (4,986 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 5.19% 40,181,125 $20.8B $517.95 $779M -92,341 -0.2%
2 NVDA 4.65% 99,806,462 $18.6B $186.58 $2.9B +490,171 +0.5%
3 AMZN 2.93% 53,429,120 $11.7B $219.57 $341M +1,509,681 +2.9%
4 AAPL 2.89% 45,437,042 $11.6B $254.62 $2.5B +1,251,560 +2.8%
5 AVGO 2.43% 29,511,195 $9.7B $329.91 $1.9B +1,124,590 +4.0%
6 GOOGL 2.14% 35,262,355 $8.6B $243.10 $3.0B +3,444,671 +10.8%
7 META 1.56% 8,500,110 $6.2B $734.38 -$108M -103,366 -1.2%
8 XOM 1.09% 38,728,643 $4.4B $112.75 $479M +2,660,910 +7.4%
9 MA 1.06% 7,463,566 $4.2B $568.81 -$34M -151,309 -2.0%
10 JPM 0.99% 12,597,279 $4.0B $315.43 $200M -418,481 -3.2%
11 GOOG 0.97% 15,887,316 $3.9B $243.55 $681M -2,088,731 -11.6%
12 WMT 0.92% 35,899,581 $3.7B $103.06 $124M -670,775 -1.8%
13 LLY 0.92% 4,840,188 $3.7B $763.00 -$23M +73,323 +1.5%
14 PG 0.88% 22,850,345 $3.5B $153.65 $150M +1,752,481 +8.3%
15 NEE 0.87% 46,162,443 $3.5B $75.49 $148M -1,910,784 -4.0%
16 ABBV 0.84% 14,551,400 $3.4B $231.54 $565M -556,471 -3.7%
17 C 0.83% 32,870,559 $3.3B $101.50 $588M +580,027 +1.8%
18 TSLA 0.75% 6,737,089 $3.0B $444.72 $973M +368,493 +5.8%
19 JNJ 0.75% 16,137,501 $3.0B $185.42 $325M -1,321,924 -7.6%
20 CSCO 0.73% 42,641,483 $2.9B $68.42 $84M +1,804,625 +4.4%
21 SCHW 0.72% 30,106,349 $2.9B $95.47 $134M +70,412 +0.2%
22 TMO 0.72% 5,925,671 $2.9B $485.02 $888M +1,028,125 +21.0%
23 CVX 0.70% 18,003,096 $2.8B $155.29 $252M +238,507 +1.3%
24 V 0.69% 8,096,706 $2.8B $341.38 -$615M -1,419,007 -14.9%
25 ORCL 0.65% 9,246,588 $2.6B $281.24 $444M -618,440 -6.3%
26 KO 0.65% 39,094,276 $2.6B $66.32 $190M +5,135,198 +15.1%
27 RTX 0.64% 15,417,875 $2.6B $167.33 $305M -157,992 -1.0%
28 COF 0.63% 11,838,304 $2.5B $212.58 $283M +1,339,215 +12.8%
29 NFLX 0.61% 2,052,094 $2.5B $1,198.92 -$280M +5,833 +0.3%
30 BAC 0.61% 47,309,251 $2.4B $51.58 -$229M -9,109,809 -16.1%
31 JCI 0.60% 21,936,860 $2.4B $109.95 -$41M -1,287,042 -5.5%
32 PM 0.55% 13,559,071 $2.2B $162.20 -$128M +778,253 +6.1%
33 HON 0.54% 10,196,543 $2.1B $210.50 $302M +2,277,234 +28.8%
34 BLK 0.53% 1,817,154 $2.1B $1,165.87 $14M -188,204 -9.4%
35 PEP 0.53% 15,060,657 $2.1B $140.44 $58M -516,416 -3.3%
36 MCK 0.52% 2,681,321 $2.1B $772.54 $173M +90,948 +3.5%
37 UNH 0.50% 5,836,477 $2.0B $345.30 $494M +959,038 +19.7%
38 NOW 0.50% 2,184,540 $2.0B $920.28 -$584M -339,396 -13.4%
39 TSM 0.48% 6,908,197 $1.9B $279.29 $262M -451,624 -6.1%
40 GM 0.48% 31,322,758 $1.9B $60.97 $417M +989,189 +3.3%
41 STX 0.48% 8,067,216 $1.9B $236.06 $708M -219,158 -2.6%
42 LIN 0.46% 3,895,026 $1.9B $475.00 $106M +176,650 +4.8%
43 NOC 0.46% 2,996,284 $1.8B $609.32 $359M +63,223 +2.2%
44 APP 0.44% 2,442,450 $1.8B $718.54 $1.1B +487,492 +24.9%
45 ACN 0.43% 7,050,483 $1.7B $246.60 -$280M +295,762 +4.4%
46 FLCB 0.43% 79,994,411 $1.7B $21.72 -$16M -1,492,904 -1.8%
47 PHM 0.43% 12,900,271 $1.7B $132.13 $408M +609,640 +5.0%
48 UNP 0.42% 7,164,334 $1.7B $236.37 $307M +1,139,926 +18.9%
49 CRH 0.42% 14,009,528 $1.7B $119.96 $287M -1,166,159 -7.7%
50 PNC 0.40% 7,960,172 $1.6B $200.93 -$4M -641,073 -7.5%
51 APH 0.40% 12,847,238 $1.6B $123.25 $344M +300,232 +2.4%
52 HLT 0.39% 6,010,313 $1.6B $259.44 $110M +567,651 +10.4%
53 HD 0.38% 3,806,308 $1.5B $405.19 $528M +1,040,577 +37.6%
54 PPL 0.38% 41,408,580 $1.5B $37.16 $244M +3,212,807 +8.4%
55 ADI 0.38% 6,223,366 $1.5B $245.66 $301M +1,066,329 +20.7%
56 AZN 0.38% 19,712,730 $1.5B $76.70 $24M -1,585,664 -7.4%
57 TMUS 0.37% 6,173,287 $1.5B $239.38 -$23M -125,647 -2.0%
58 MS 0.36% 9,088,814 $1.4B $158.96 $89M -534,491 -5.6%
59 MRK 0.35% 16,746,990 $1.4B $83.93 -$734M -10,285,611 -38.0%
60 SHOP 0.35% 9,438,528 $1.4B $148.56 $214M -863,283 -8.4%
61 GS 0.35% 1,748,644 $1.4B $796.34 $107M -67,016 -3.7%
62 ISRG 0.35% 3,098,217 $1.4B $447.23 -$548M -459,570 -12.9%
63 CDNS 0.35% 3,942,491 $1.4B $351.26 $77M -300,936 -7.1%
64 REGN 0.34% 2,453,143 $1.4B $562.27 $165M +139,647 +6.0%
65 ABT 0.34% 10,303,321 $1.4B $133.87 $91M +831,746 +8.8%
66 COP 0.34% 14,390,243 $1.4B $94.59 -$13M -925,407 -6.0%
67 MCD 0.33% 4,396,837 $1.3B $303.89 $396M +1,179,244 +36.6%
68 TXN 0.33% 7,214,834 $1.3B $183.73 -$157M +72,386 +1.0%
69 SO 0.33% 13,963,021 $1.3B $94.77 $36M -52,700 -0.4%
70 NRG 0.32% 7,870,756 $1.3B $161.95 -$65M -473,622 -5.7%
71 CTVA 0.32% 18,731,627 $1.3B $67.63 -$51M +1,051,389 +5.9%
72 BDX 0.31% 6,737,604 $1.3B $187.15 $798M +4,051,718 +150.9%
73 APD 0.31% 4,616,305 $1.3B $272.66 $188M +821,524 +21.6%
74 URI 0.31% 1,315,086 $1.3B $954.66 $328M +83,978 +6.8%
75 SNPS 0.31% 2,544,172 $1.3B $493.39 -$203M -300,165 -10.6%
76 SYK 0.30% 3,291,736 $1.2B $369.67 -$111M -64,082 -1.9%
77 LUV 0.30% 37,487,566 $1.2B $31.91 $50M +2,162,934 +6.1%
78 IR 0.30% 14,404,452 $1.2B $82.62 $84M +1,106,989 +8.3%
79 APO 0.29% 8,785,693 $1.2B $133.27 -$59M +116,587 +1.3%
80 WFC 0.29% 13,726,203 $1.2B $83.82 -$84M -1,679,429 -10.9%
81 FDX 0.28% 4,814,938 $1.1B $235.81 $102M +269,567 +5.9%
82 FCX 0.28% 28,462,109 $1.1B $39.22 -$401M -6,529,241 -18.7%
83 MDT 0.27% 11,492,577 $1.1B $95.24 $69M -277,033 -2.4%
84 AXON 0.27% 1,517,169 $1.1B $717.64 -$311M -173,491 -10.3%
85 PLD 0.27% 9,318,952 $1.1B $114.52 $11M -731,891 -7.3%
86 AMT 0.26% 5,375,430 $1.0B $192.32 -$162M -33,362 -0.6%
87 DASH 0.26% 3,785,430 $1.0B $271.99 $47M -199,649 -5.0%
88 INTU 0.25% 1,479,713 $1.0B $682.91 -$163M -9,656 -0.6%
89 BKNG 0.25% 185,714 $1.0B $5,399.27 -$165M -15,996 -7.9%
90 MRVL 0.25% 11,903,051 $1.0B $84.07 $374M +3,805,431 +47.0%
91 LOW 0.25% 3,948,492 $992M $251.31 -$24M -632,907 -13.8%
92 QCOM 0.25% 5,931,870 $987M $166.36 -$58M -627,102 -9.6%
93 FERG 0.24% 4,367,818 $981M $224.58 $54M +112,157 +2.6%
94 MELI 0.24% 418,002 $977M $2,336.94 $130M +93,854 +29.0%
95 MPWR 0.24% 1,052,053 $969M $920.64 $173M -36,244 -3.3%
96 RBLX 0.24% 6,963,693 $965M $138.52 $297M +619,048 +9.8%
97 NDAQ 0.23% 10,582,893 $936M $88.45 -$24M -157,014 -1.5%
98 ROP 0.23% 1,847,398 $921M $498.69 -$104M +37,766 +2.1%
99 CME 0.23% 3,381,133 $914M $270.19 -$13M +20,213 +0.6%
100 DUK 0.22% 7,281,986 $901M $123.75 $76M +288,499 +4.1%

Options Breakdown

16 Calls $47M Call Value 31 Puts $93M Put Value 1.99 P/C Ratio

Top Calls

SymbolSharesValueStatus
BDX 206,000 $39M NEW
BELFB 21,700 $4M NEW
LUV 86,111 $3M
ACWI 10,000 $1M NEW
$0 SOLD
DIS $0 SOLD
HTZ $0 SOLD
TLT $0 SOLD
ORCL $0 SOLD
AMCR $0 SOLD

Top Puts

SymbolSharesValueStatus
AAPL 94,600 $24M
HYG 202,500 $16M NEW
QQQ 21,400 $13M
BUR 1,040,000 $12M NEW
GOOGL 33,800 $8M NEW
DIA 9,500 $4M
NVDA 21,000 $4M
AMZN 11,100 $2M
IWM 7,600 $2M
VTI 4,900 $2M NEW

New Positions

SymbolValue% Port
SSB $159M 0.04%
SNOW Note
0% due 10/01/29
$80M 0.02%
JAZZ Note
3.125% due 09/15/30
$79M 0.02%
BRKR Note
6.375% due 09/01/28
$54M 0.01%
LGN $43M 0.01%
BRC $25M 0.01%
DNTH $18M —%
NTSK $17M —%
MIAX $17M —%
BIRK $11M —%
ASMB $11M —%
KLAR $11M —%
HTFL $11M —%
SNOW Note
0% due 10/01/27
$10M —%
AVAV Note
0% due 07/15/30
$10M —%

Sold Out Positions

SymbolValue% Port
GOOS —%
HMY —%
EAF —%
EPC —%
SHV —%
FOSL —%
CIVB —%
KALV —%
ENTA —%
BYND —%
VNDA —%
CHDN —%
BWIN —%
ADV —%
CHYM —%
View SEC EDGAR Filings for FRANKLIN RESOURCES INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms