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 ($75.2m this quarter). Holder counts are more reliable. Shares outstanding: 525.4m as of 2025-01-23, 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 ≈ $20.31. Options: 16 managers hold calls ($50.4m notional), 18 hold puts ($39.1m).
Trends to Q4 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 |
| Q3 2024 | 558 |
| Q4 2024 | 566 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 264 | 253 |
| Q2 2023 | 212 | 287 |
| Q3 2023 | 224 | 245 |
| Q4 2023 | 255 | 251 |
| Q1 2024 | 309 | 232 |
| Q2 2024 | 321 | 248 |
| Q3 2024 | 303 | 258 |
| Q4 2024 | 254 | 269 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $28.3m | $15.2m | 0.54 |
| Q2 2024 | $56.4m | $11.5m | 0.20 |
| Q3 2024 | $66.5m | $53.0m | 0.80 |
| Q4 2024 | $50.4m | $39.1m | 0.78 |
Biggest buyers
| Evergreen Quality Fund GP, Ltd. | New | +2.6m |
| TWO SIGMA ADVISERS, LP | Added | +2.2m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.7m |
| FIRST TRUST ADVISORS LP | Added | +1.6m |
| ProShare Advisors LLC | Added | +1.5m |
| Amundi | Added | +1.4m |
| VANGUARD GROUP INC | Added | +1.1m |
| Invesco Ltd. | Added | +1.0m |
| KETTLE HILL CAPITAL MANAGEMENT, LLC | New | +1.0m |
| UBS Group AG | Added | +852.1k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -3.3m |
| Bank of New York Mellon Corp | Reduced | -2.2m |
| TUDOR INVESTMENT CORP ET AL | Reduced | -1.4m |
| Clarkston Capital Partners, LLC | Sold out | -1.1m |
| BlackRock, Inc. | Reduced | -875.8k |
| ROYAL BANK OF CANADA | Reduced | -812.3k |
| Squarepoint Ops LLC | Reduced | -812.3k |
| Qube Research & Technologies Ltd | Sold out | -762.4k |
| Power Corp of Canada | Reduced | -712.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -622.8k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $16.2m798.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.0m641.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.8m237.8k shares |
| IMC-Chicago, LLC | Added | $2.9m145.1k shares |
| UBS Group AG | New | $2.5m124.5k shares |
| CITADEL ADVISORS LLC | Reduced | $2.4m117.2k shares |
| Walleye Capital LLC | Added | $2.2m110.3k shares |
| GROUP ONE TRADING LLC | Reduced | $1.7m84.4k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $1.3m64.2k shares |
| Walleye Trading LLC | Added | $969.9k47.8k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $6.6m323.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.3m311.0k shares |
| UBS Group AG | New | $4.5m224.0k shares |
| Walleye Capital LLC | Added | $3.8m185.4k shares |
| CITADEL ADVISORS LLC | Reduced | $3.4m165.8k shares |
| Walleye Trading LLC | Added | $2.6m130.0k shares |
| IMC-Chicago, LLC | Reduced | $2.6m127.1k shares |
| GROUP ONE TRADING LLC | Added | $2.1m101.7k shares |
| WOLVERINE TRADING, LLC | Added | $1.8m89.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $1.4m68.0k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 1 | $645.6k | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 37.7m $765.3m | Added +1.1m |
| Power Corp of Canada 100.00% of their portfolio | 31.6m $640.3m | Reduced -712.8k |
| BlackRock, Inc. 0.01% of their portfolio | 30.0m $608.0m | Reduced -875.8k |
| STATE STREET CORP 0.02% of their portfolio | 21.9m $451.9m | Added +778.4k |
| Invesco Ltd. 0.04% of their portfolio | 11.7m $237.8m | Added +1.0m |
| ProShare Advisors LLC 0.44% of their portfolio | 9.4m $190.8m | Added +1.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 7.3m $147.8m | Reduced -30.9k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 7.2m $146.6m | Reduced -622.8k |
| FIRST TRUST ADVISORS LP 0.12% of their portfolio | 6.4m $130.6m | Added +1.6m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 6.0m $121.8m | Added +460.3k |
| MORGAN STANLEY 0.01% of their portfolio | 5.1m $104.1m | Added +114.7k |
| Amundi 0.03% of their portfolio | 3.8m $75.9m | Added +1.4m |
| TWO SIGMA ADVISERS, LP 0.17% of their portfolio | 3.5m $71.7m | Added +2.2m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.23% of their portfolio | 3.1m $63.8m | Reduced -431.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.1m $62.9m | Added +99.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 3.1m $62.6m | Added +297.1k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 3.0m $61.5m | Reduced -485.0k |
| TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio | 2.9m $59.6m | Added +1.7m |
| Vest Financial, LLC 1.05% of their portfolio | 2.9m $59.3m | Added +709.7k |
| NORGES BANK 0.01% of their portfolio | 2.6m $53.7m | Reduced -132.0k |
| Evergreen Quality Fund GP, Ltd. 1.71% of their portfolio | 2.6m $53.4m | New |
| UBS Group AG 0.01% of their portfolio | 2.3m $46.9m | Added +852.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.12% of their portfolio | 2.0m $41.1m | Added +391.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.9m $38.8m | Added +314.4k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.9m $38.3m | Added +438.6k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.9m $37.6m | Added +791.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.7m $34.6m | Reduced -2.2m |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.6m $33.2m | Reduced -239.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.10% of their portfolio | 1.5m $30.8m | Reduced -12.8k |
| LPL Financial LLC 0.01% of their portfolio | 1.5m $30.8m | Added +659.0k |
| BARCLAYS PLC 0.01% of their portfolio | 1.5m $30.0m | Reduced -161.9k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.4m $27.5m | Added +363.3k |
| Legal & General Group Plc 0.01% of their portfolio | 1.3m $26.7m | Reduced -439.1k |
| Kopernik Global Investors, LLC 2.62% of their portfolio | 1.2m $24.5m | Unchanged |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 4.42% of their portfolio | 1.0m $20.3m | New |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 910.2k $18.5m | Added +12.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 843.9k $17.1m | Added +37.0k |
| Swiss Life Asset Management Ltd 0.12% of their portfolio | 826.9k $16.8m | Added +411.5k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 786.7k $16.0m | New |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 756.9k $15.4m | Reduced -25.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 755.7k $15.3m | Reduced -812.3k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 737.9k $15.0m | Reduced -3.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 729.1k $14.8m | Added +200.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 715.0k $14.6m | Added +41.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 707.5k $14.4m | Reduced -3.3m |
| AustralianSuper Pty Ltd 0.07% of their portfolio | 680.9k $13.8m | Added +39.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 648.8k $13.2m | Added +236.8k |
| AE Wealth Management LLC 0.11% of their portfolio | 635.7k $12.9m | Added +71.7k |
| MATHER GROUP, LLC. 0.16% of their portfolio | 622.2k $12.6m | Added +21.6k |
| Greenwich Wealth Management LLC 0.86% of their portfolio | 602.0k $12.2m | Added +776 |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.08% of their portfolio | 601.0k $12.2m | Added +203.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 598.1k $12.1m | Reduced -186.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 597.8k $12.1m | Reduced -434.4k |
| FOUNDATION RESOURCE MANAGEMENT INC 1.94% of their portfolio | 572.4k $11.6m | Reduced -13.4k |
| Cerity Partners LLC 0.02% of their portfolio | 565.8k $11.5m | Added +104.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 565.5k $11.5m | First filing |
| Squarepoint Ops LLC 0.03% of their portfolio | 555.6k $11.3m | Reduced -812.3k |
| Sound Income Strategies, LLC 0.68% of their portfolio | 543.9k $11.0m | Added +27.6k |
| ExodusPoint Capital Management, LP 0.11% of their portfolio | 535.4k $10.9m | New |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 535.3k $10.9m | Added +43.4k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 526.7k $10.7m | Reduced -20.0k |
| Meiji Yasuda Asset Management Co Ltd. 0.38% of their portfolio | 493.4k $10.0m | Reduced -9.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 492.2k $10.0m | Added +356.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 477.8k $9.7m | Added +53.6k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 477.6k $9.7m | Added +212.6k |
| Robeco Institutional Asset Management B.V. 0.02% of their portfolio | 456.6k $9.3m | Reduced -83.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 443.6k $9.0m | Added +112.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 441.6k $9.0m | Added +196.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 432.6k $8.8m | Added +2.8k |
| Cadence Bank 0.56% of their portfolio | 408.4k $8.3m | Added +7.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 398.4k $8.1m | Reduced -28.4k |
| CITIGROUP INC 0.01% of their portfolio | 398.1k $8.1m | Reduced -217.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 378.8k $7.7m | Reduced -2.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 366.7k $7.4m | Reduced -20.5k |
| California Public Employees Retirement System 0.00% of their portfolio | 349.1k $7.1m | Reduced -167.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 313.5k $6.4m | Unchanged |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 304.0k $6.2m | Reduced -18.9k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 299.2k $6.1m | Reduced -19.9k |
| Man Group plc 0.02% of their portfolio | 296.5k $6.0m | Added +191.9k |
| Tidal Investments LLC 0.05% of their portfolio | 294.5k $6.0m | Added +6.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 291.8k $5.9m | Added +203.4k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 285.6k $5.8m | Reduced -179.8k |
| TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio | 283.0k $5.7m | Reduced -1.4m |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 273.0k $5.5m | Reduced -8.7k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 261.4k $5.3m | Reduced -99.7k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 253.0k $5.1m | Added +34.8k |
| New Age Alpha Advisors, LLC 0.20% of their portfolio | 238.5k $4.8m | New |
| CHATHAM CAPITAL GROUP, INC. 0.79% of their portfolio | 238.2k $4.8m | Reduced -4.7k |
| Verition Fund Management LLC 0.02% of their portfolio | 236.2k $4.8m | Added +4.9k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 235.8k $4.8m | Reduced -27.6k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 234.8k $4.8m | Reduced -8.8k |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 229.2k $4.7m | Added +187.6k |
| Quantbot Technologies LP 0.16% of their portfolio | 219.9k $4.5m | Reduced -38.2k |
| Altrius Capital Management Inc 1.19% of their portfolio | 217.6k $4.4m | Added +13 |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.35% of their portfolio | 213.2k $4.3m | Reduced -855 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 213.0k $4.3m | Reduced -52.4k |
| Aquatic Capital Management LLC 0.12% of their portfolio | 210.4k $4.3m | Reduced -21.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 209.6k $4.3m | Unchanged |
| Cresset Asset Management, LLC 0.02% of their portfolio | 191.7k $3.9m | Reduced -6.6k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 190.6k $3.9m | New |