FRANKLIN RESOURCES INC BEN
COM · Common Stock · CUSIP 354613101 · ISIN US3546131018
American Asset Management Holding Company
- SectorFinancials
- IndustryInvestment Advice
- HeadquartersSan Mateo, CA
- Founded1947
- Websitefranklintempleton.lu
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($53.2m this quarter). Holder counts are more reliable. Shares outstanding: 523.0m as of 2024-07-19, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $22.38. Options: 18 managers hold calls ($56.4m notional), 11 hold puts ($11.5m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 528 |
| Q4 2022 | 553 |
| Q1 2023 | 558 |
| Q2 2023 | 535 |
| Q3 2023 | 537 |
| Q4 2023 | 565 |
| Q1 2024 | 595 |
| Q2 2024 | 582 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 278 | 231 |
| Q1 2023 | 264 | 253 |
| Q2 2023 | 212 | 287 |
| Q3 2023 | 224 | 245 |
| Q4 2023 | 255 | 251 |
| Q1 2024 | 309 | 232 |
| Q2 2024 | 321 | 248 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $26.4m | $21.7m | 0.82 |
| Q4 2023 | $20.5m | $17.1m | 0.83 |
| Q1 2024 | $28.3m | $15.2m | 0.54 |
| Q2 2024 | $56.4m | $11.5m | 0.20 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +2.4m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.8m |
| Invesco Ltd. | Added | +1.7m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +1.5m |
| MARSHALL WACE, LLP | Added | +1.2m |
| TUDOR INVESTMENT CORP ET AL | Added | +964.6k |
| MILLENNIUM MANAGEMENT LLC | Added | +851.4k |
| FIRST TRUST ADVISORS LP | Added | +847.1k |
| Qube Research & Technologies Ltd | Added | +768.0k |
| BlackRock Inc. | Added | +736.0k |
Biggest sellers
| Capital Research Global Investors | Reduced | -20.5m |
| MORGAN STANLEY | Reduced | -8.5m |
| Gallagher Fiduciary Advisors, LLC | Sold out | -1.6m |
| JPMORGAN CHASE & CO | Reduced | -1.5m |
| WEDGE CAPITAL MANAGEMENT L L P/NC | Sold out | -1.4m |
| STATE STREET CORP | Reduced | -1.2m |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -855.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -576.1k |
| KBC Group NV | Reduced | -491.3k |
| BARCLAYS PLC | Reduced | -488.6k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $12.8m574.0k shares |
| SIMPLEX TRADING, LLC | Added | $12.4m555.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.8m392.1k shares |
| Twin Tree Management, LP | Added | $6.0m267.2k shares |
| CITADEL ADVISORS LLC | Added | $5.0m225.8k shares |
| GROUP ONE TRADING LLC | Added | $3.0m134.9k shares |
| Parallax Volatility Advisers, L.P. | New | $2.2m100.0k shares |
| D. E. Shaw & Co., Inc. | New | $1.3m60.0k shares |
| GTS SECURITIES LLC | Added | $1.2m51.9k shares |
| IMC-Chicago, LLC | Added | $916.4k41.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.2m232.4k shares |
| CITADEL ADVISORS LLC | Added | $3.5m155.7k shares |
| IMC-Chicago, LLC | Added | $873.9k39.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $701.0k31.4k shares |
| JANE STREET GROUP, LLC | Reduced | $699.6k31.3k shares |
| GTS SECURITIES LLC | New | $453.7k20.3k shares |
| GROUP ONE TRADING LLC | Added | $55.9k2.5k shares |
| Walleye Trading LLC | Reduced | $49.2k2.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | New | $4.5k200 shares |
| Parallax Volatility Advisers, L.P. | New | $2.2k100 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: Power Corp of Canada (5.0%, 2026-08-13), BlackRock, Inc. (4.9%, 2026-04-27), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 2 | $2.1m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $917.2k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 2 | $1.4m | $144.3k |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-21 | JOHNSON CHARLES B 10% owner | Bought | $4.6m200.0k shares |
| 2024-06-18 | JOHNSON CHARLES B 10% owner | Bought | $2.2m100.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 35.6m $795.5m | Reduced -295.9k |
| Power Corp of Canada 90.93% of their portfolio | 32.2m $720.2m | Added +665.1k |
| BlackRock Inc. 0.02% of their portfolio | 32.0m $715.6m | Added +736.0k |
| STATE STREET CORP 0.02% of their portfolio | 20.6m $465.7m | Reduced -1.2m |
| Invesco Ltd. 0.04% of their portfolio | 9.1m $204.4m | Added +1.7m |
| ProShare Advisors LLC 0.42% of their portfolio | 7.1m $158.6m | Added +676.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 6.9m $154.1m | Added +76.7k |
| MORGAN STANLEY 0.01% of their portfolio | 4.6m $103.8m | Reduced -8.5m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 4.5m $100.8m | Added +2.4m |
| Bank of New York Mellon Corp 0.02% of their portfolio | 3.8m $86.0m | Reduced -9.6k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 3.8m $85.6m | Added +298.3k |
| Capital Research Global Investors 0.02% of their portfolio | 3.6m $79.4m | Reduced -20.5m |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 3.5m $77.7m | Added +847.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 3.2m $71.2m | Added +54.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 3.0m $66.2m | Reduced -128.3k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 2.5m $54.7m | Added +1.8m |
| Amundi 0.02% of their portfolio | 2.4m $54.2m | Reduced -463.6k |
| NORGES BANK 0.01% of their portfolio | 2.1m $46.5m | Added +28.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.1m $46.3m | Added +65.8k |
| BARCLAYS PLC 0.02% of their portfolio | 1.9m $41.5m | Reduced -488.6k |
| Vest Financial, LLC 0.97% of their portfolio | 1.8m $40.3m | Added +411.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.15% of their portfolio | 1.8m $39.9m | Added +1.5m |
| Legal & General Group Plc 0.01% of their portfolio | 1.8m $39.6m | Reduced -215.1k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 1.7m $37.2m | Added +768.0k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.6m $36.3m | Added +851.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.6m $35.2m | Reduced -13.0k |
| TUDOR INVESTMENT CORP ET AL 0.37% of their portfolio | 1.5m $33.1m | Added +964.6k |
| UBS Group AG 0.01% of their portfolio | 1.5m $32.5m | Added +42.6k |
| NOMURA ASSET MANAGEMENT CO LTD 0.11% of their portfolio | 1.4m $31.8m | Added +211.9k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 1.4m $31.4m | Added +1.2m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $30.7m | Reduced -576.1k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 1.3m $28.2m | Added +708.4k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.09% of their portfolio | 1.3m $28.1m | Added +46.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 1.2m $27.2m | Added +125.3k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.1m $24.9m | Added +92.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $24.9m | Reduced -1.5m |
| Clarkston Capital Partners, LLC 0.46% of their portfolio | 1.1m $24.1m | Added +33.9k |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 1.89% of their portfolio | 1.0m $22.4m | Unchanged |
| Balyasny Asset Management L.P. 0.06% of their portfolio | 992.3k $22.2m | Added +380.5k |
| Squarepoint Ops LLC 0.08% of their portfolio | 906.3k $20.3m | Added +693.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 904.2k $20.2m | Reduced -1.1k |
| AXA S.A. 0.03% of their portfolio | 884.5k $19.8m | Added +694.6k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 870.3k $19.4m | Added +316.2k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 842.0k $18.8m | Reduced -6.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 795.5k $17.8m | Reduced -35.6k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 742.0k $16.6m | Reduced -40.7k |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 730.2k $16.3m | Added +510.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 627.2k $14.0m | Added +8.4k |
| Greenwich Wealth Management LLC 0.98% of their portfolio | 599.9k $13.4m | Added +309 |
| Alyeska Investment Group, L.P. 0.08% of their portfolio | 589.2k $13.2m | New |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 586.9k $13.1m | Added +375.0k |
| FOUNDATION RESOURCE MANAGEMENT INC 2.09% of their portfolio | 584.6k $13.1m | Added +270 |
| Prana Capital Management, LP 0.61% of their portfolio | 572.6k $12.8m | Added +285.4k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 571.9k $12.8m | Reduced -6.6k |
| AE Wealth Management LLC 0.12% of their portfolio | 541.5k $12.1m | Added +72.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 528.7k $11.8m | Added +5.7k |
| LPL Financial LLC 0.01% of their portfolio | 522.8k $11.7m | Added +414.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 515.8k $11.5m | Added +44.1k |
| Meiji Yasuda Asset Management Co Ltd. 0.47% of their portfolio | 513.1k $11.5m | Added +80.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 508.4k $11.4m | Reduced -26.9k |
| Sound Income Strategies, LLC 0.69% of their portfolio | 493.9k $11.0m | Added +33.1k |
| CITIGROUP INC 0.01% of their portfolio | 493.6k $11.0m | Added +15.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 490.8k $11.0m | Added +43.1k |
| MATHER GROUP, LLC. 0.17% of their portfolio | 486.6k $13.7m | Added +4.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 480.9k $10.7m | Reduced -306.3k |
| AMF Tjanstepension AB 0.08% of their portfolio | 465.2k $10.4m | New |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 455.7k $10.2m | Added +32.1k |
| Schonfeld Strategic Advisors LLC 0.08% of their portfolio | 452.4k $10.1m | Added +75.8k |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 451.0k $10.1m | Added +9.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 437.2k $9.8m | Added +5.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 437.0k $10.0m | Added +203.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 427.4k $9.6m | Added +14.5k |
| Swiss Life Asset Management Ltd 0.11% of their portfolio | 426.4k $9.5m | Reduced -3.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 421.6k $9.4m | Added +37.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 399.4k $8.9m | Added +317.2k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 391.8k $8.8m | Reduced -13.3k |
| CAPITAL FUND MANAGEMENT S.A. 0.09% of their portfolio | 371.5k $8.3m | Added +331.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 366.5k $8.2m | Added +19.5k |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.71% of their portfolio | 364.9k $8.2m | Added +2.4k |
| Cerity Partners LLC 0.02% of their portfolio | 353.0k $7.9m | Added +250.3k |
| Biechele Royce Advisors 2.65% of their portfolio | 351.3k $7.9m | Reduced -28.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 348.7k $7.8m | Reduced -8.0k |
| KBC Group NV 0.02% of their portfolio | 344.4k $7.7m | Reduced -491.3k |
| Bryn Mawr Trust Advisors, LLC 0.41% of their portfolio | 329.2k $7.4m | Added +19.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 322.0k $7.2m | Reduced -1.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 313.5k $7.0m | Reduced -14.6k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 312.0k $7.0m | Added +252.9k |
| Tidal Investments LLC 0.09% of their portfolio | 301.8k $6.7m | Reduced -33.6k |
| Korea Investment CORP 0.02% of their portfolio | 296.2k $6.6m | Added +92.5k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 292.8k $6.5m | Reduced -2.2k |
| AustralianSuper Pty Ltd 0.04% of their portfolio | 291.8k $6.5m | New |
| ExodusPoint Capital Management, LP 0.07% of their portfolio | 273.7k $6.1m | Added +8.3k |
| Cetera Investment Advisers 0.01% of their portfolio | 272.4k $6.1m | Reduced -10.5k |
| Daiichi Life Insurance Co., Ltd. 0.15% of their portfolio | 271.8k $6.1m | New |
| SG Americas Securities, LLC 0.04% of their portfolio | 265.2k $5.9m | Added +66.0k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 247.6k $5.5m | Added +91.9k |
| MIZUHO MARKETS AMERICAS LLC 0.15% of their portfolio | 245.3k $5.5m | Reduced -129.3k |
| CHATHAM CAPITAL GROUP, INC. 0.95% of their portfolio | 242.9k $5.4m | Unchanged |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.05% of their portfolio | 241.2k $5.4m | Added +16.6k |
| Cadence Bank 0.40% of their portfolio | 238.9k $5.3m | Added +4.4k |