FRANKLIN RESOURCES INC
Long book
$405.70B
Q1 2026
Positions
3057
Top-10 weight
24%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsFRANKLIN RESOURCES INC is an active long-only manager, running a $405.70B US long book across 3057 positions.
The portfolio is broadly diversified across 3057 positions (top 10 only 24%). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, APPLE INC, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.4%
Q2 2024
+6.1%
Q3 2024
+0.5%
Q4 2024
-3.5%
Q1 2025
+10.0%
Q2 2025
+6.6%
Q3 2025
+2.9%
Q4 2025
-2.6%
Q1 2026
+11.4%
Sector allocation
Technology 29%
Financials 12%
Industrials 12%
Healthcare 10%
Consumer discretionary 9%
Utilities 6%
Energy 5%
Services media 5%
Long book by quarter
What does FRANKLIN RESOURCES own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 96.5M | $16.84B | 4.2% | -0.3% |
| MSFT MICROSOFT CORP | Technology | 38.4M | $14.22B | 3.5% | -3.9% |
| AAPL APPLE INC | Technology | 48.6M | $12.33B | 3.0% | +2.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 53.7M | $11.19B | 2.8% | +3.2% |
| GOOGL ALPHABET INC-CL A | Technology | 36.0M | $10.34B | 2.5% | +9.0% |
| AVGO BROADCOM INC | Technology | 28.6M | $8.86B | 2.2% | -1.1% |
| XOM EXXON MOBIL CORP | Energy | 41.5M | $7.03B | 1.7% | -1.3% |
| META META PLATFORMS INC-CLASS A | Technology | 9.7M | $5.55B | 1.4% | +12.0% |
| GOOG ALPHABET INC-CL C | Technology | 17.3M | $4.97B | 1.2% | +20.1% |
| CSCO CISCO SYSTEMS INC | Technology | 58.2M | $4.52B | 1.1% | +15.7% |
| JPM JPMORGAN CHASE & CO | Financials | 15.0M | $4.42B | 1.1% | +21.0% |
| C CITIGROUP INC | Financials | 39.0M | $4.42B | 1.1% | +14.0% |
| NEE NEXTERA ENERGY INC | Utilities | 46.5M | $4.32B | 1.1% | +0.5% |
| LLY ELI LILLY & CO | Healthcare | 4.5M | $4.11B | 1.0% | -3.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 27.8M | $4.01B | 1.0% | +16.4% |
| BAC BANK OF AMERICA CORP | Financials | 73.1M | $3.56B | 0.9% | +28.0% |
| AZN ASTRAZENECA PLC | Healthcare | 17.8M | $3.49B | 0.9% | New |
| WMT WALMART INC | Consumer discretionary | 27.6M | $3.42B | 0.8% | -25.2% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 6.8M | $3.35B | 0.8% | +7.4% |
| CVX CHEVRON CORP | Energy | 15.6M | $3.23B | 0.8% | -8.2% |
| ABBV ABBVIE INC | Healthcare | 14.6M | $3.16B | 0.8% | -2.2% |
| KO COCA-COLA CO/THE | Consumer staples | 40.9M | $3.11B | 0.8% | +1.5% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 13.5M | $3.06B | 0.8% | +32.4% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 31.8M | $2.99B | 0.7% | +5.4% |
| V VISA INC-CLASS A SHARES | Services media | 9.3M | $2.80B | 0.7% | +4.7% |
| TSLA TESLA INC | Industrials | 7.5M | $2.80B | 0.7% | +0.6% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 16.6M | $2.75B | 0.7% | +15.4% |
| MA MASTERCARD INC - A | Services media | 5.5M | $2.74B | 0.7% | -13.2% |
| GM GENERAL MOTORS CO | Industrials | 36.0M | $2.69B | 0.7% | +12.1% |
| MCK MCKESSON CORP | Consumer discretionary | 3.1M | $2.65B | 0.7% | +8.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 10.5M | $2.56B | 0.6% | -3.0% |
| LRCX LAM RESEARCH CORP | Industrials | 11.8M | $2.52B | 0.6% | +16.6% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 13.7M | $2.50B | 0.6% | +10.0% |
| COP CONOCOPHILLIPS | Energy | 18.0M | $2.37B | 0.6% | +19.4% |
| RTX RTX CORP | Industrials | 12.2M | $2.35B | 0.6% | -15.8% |
| NOC NORTHROP GRUMMAN CORP | Technology | 3.3M | $2.24B | 0.6% | +4.9% |
| LIN LINDE PLC | Materials | 4.4M | $2.20B | 0.5% | +19.8% |
| BLK BLACKROCK INC | Financials | 2.2M | $2.14B | 0.5% | +7.7% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 16.2M | $2.12B | 0.5% | -28.6% |
| NFLX NETFLIX INC | Services media | 21.9M | $2.11B | 0.5% | +27.1% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 2.7M | $2.10B | 0.5% | +6.3% |
| FDX FEDEX CORP | Industrials | 5.9M | $2.10B | 0.5% | +14.8% |
| FCX FREEPORT-MCMORAN INC | Materials | 35.3M | $2.08B | 0.5% | -5.4% |
| ABT ABBOTT LABORATORIES | Healthcare | 20.0M | $2.06B | 0.5% | +79.5% |
| MRK MERCK & CO. INC. | Healthcare | 16.3M | $1.96B | 0.5% | +1.3% |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 6.3M | $1.93B | 0.5% | +0.6% |
| GS GOLDMAN SACHS GROUP INC | Financials | 2.3M | $1.92B | 0.5% | +22.5% |
| PEP PEPSICO INC | Consumer staples | 12.1M | $1.88B | 0.5% | -14.3% |
| CTVA CORTEVA INC | Consumer staples | 21.8M | $1.82B | 0.4% | +11.6% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 8.6M | $1.79B | 0.4% | +7.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 14782 | $408.30B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 14263 | $407.59B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 14148 | $401.02B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 13663 | $377.19B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 13788 | $347.57B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 12207 | $360.14B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ARESTATEMENT | Nov 27, 2024 | 12097 | $356.09B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 12097 | $367.70B | SEC ↗ | |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 12118 | $325.27B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 11977 | $315.82B | canonical | SEC ↗ |
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