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 ($71.6m this quarter). Holder counts are more reliable. Shares outstanding: 519.2m as of 2025-07-22, 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 ≈ $23.82. Options: 17 managers hold calls ($43.6m notional), 16 hold puts ($32.7m).
Trends to Q2 2025
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 |
| Q1 2025 | 564 |
| Q2 2025 | 568 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 224 | 245 |
| Q4 2023 | 255 | 251 |
| Q1 2024 | 309 | 232 |
| Q2 2024 | 321 | 248 |
| Q3 2024 | 303 | 258 |
| Q4 2024 | 254 | 269 |
| Q1 2025 | 292 | 230 |
| Q2 2025 | 270 | 301 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $66.5m | $53.0m | 0.80 |
| Q4 2024 | $50.4m | $39.1m | 0.78 |
| Q1 2025 | $46.1m | $46.0m | 1.00 |
| Q2 2025 | $43.6m | $32.7m | 0.75 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +19.2m |
| CITADEL ADVISORS LLC | Added | +6.8m |
| Azora Capital LP | New | +3.2m |
| DIMENSIONAL FUND ADVISORS LP | Added | +2.3m |
| Holocene Advisors, LP | New | +2.2m |
| Alyeska Investment Group, L.P. | New | +1.2m |
| Freestone Grove Partners LP | Added | +963.9k |
| Point72 Asset Management, L.P. | New | +793.7k |
| NATIXIS | Added | +576.1k |
| Swiss National Bank | New | +552.1k |
Biggest sellers
| MARSHALL WACE, LLP | Reduced | -3.8m |
| TWO SIGMA ADVISERS, LP | Reduced | -2.7m |
| BlackRock, Inc. | Reduced | -2.2m |
| Invesco Ltd. | Reduced | -1.9m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.6m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -1.4m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.4m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.2m |
| STATE STREET CORP | Reduced | -865.3k |
| DEUTSCHE BANK AG\ | Reduced | -843.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.4m688.7k shares |
| SIMPLEX TRADING, LLC | Added | $4.9m203.6k shares |
| GARDA CAPITAL PARTNERS LP | Added | $4.3m181.0k shares |
| JANE STREET GROUP, LLC | Reduced | $3.5m145.4k shares |
| UBS Group AG | Unchanged | $3.0m124.5k shares |
| IMC-Chicago, LLC | Added | $2.8m116.3k shares |
| GROUP ONE TRADING LLC | Reduced | $1.8m77.5k shares |
| WOLVERINE TRADING, LLC | Added | $1.7m69.6k shares |
| PEAK6 LLC | New | $1.4m59.4k shares |
| CITADEL ADVISORS LLC | Reduced | $1.3m56.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.9m289.5k shares |
| UBS Group AG | Unchanged | $5.3m224.0k shares |
| GARDA CAPITAL PARTNERS LP | Added | $4.2m175.2k shares |
| PEAK6 LLC | Added | $4.1m173.0k shares |
| CITADEL ADVISORS LLC | Reduced | $2.3m94.5k shares |
| GROUP ONE TRADING LLC | Reduced | $2.0m85.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.8m77.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.7m71.0k shares |
| JANE STREET GROUP, LLC | Added | $1.3m54.0k shares |
| IMC-Chicago, LLC | Reduced | $1.0m43.0k 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 Q2 2025
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 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 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-04-04 | JOHNSON CHARLES B 10% owner | Bought | $7.4k420 shares |
| 2025-04-04 | JOHNSON CHARLES B 10% owner | Sold | $7.4k420 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 37.8m $901.7m | Added +6.7k |
| Power Corp of Canada 100.00% of their portfolio | 31.6m $752.6m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 28.1m $671.2m | Reduced -2.2m |
| STATE STREET CORP 0.02% of their portfolio | 22.2m $536.1m | Reduced -865.3k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 20.1m $478.3m | Added +19.2m |
| Invesco Ltd. 0.04% of their portfolio | 10.1m $239.8m | Reduced -1.9m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 9.5m $226.9m | Added +2.3m |
| ProShare Advisors LLC 0.41% of their portfolio | 8.7m $207.0m | Added +97.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 7.8m $185.9m | Added +10.9k |
| CITADEL ADVISORS LLC 0.15% of their portfolio | 7.2m $171.1m | Added +6.8m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 5.3m $126.9m | Reduced -1.6m |
| Evergreen Quality Fund GP, Ltd. 3.86% of their portfolio | 5.2m $124.9m | Unchanged |
| MORGAN STANLEY 0.01% of their portfolio | 4.5m $108.3m | Reduced -506.0k |
| UBS Group AG 0.02% of their portfolio | 3.8m $90.0m | Added +448.9k |
| Amundi 0.02% of their portfolio | 3.4m $65.5m | Reduced -426.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.2m $77.2m | Added +80.1k |
| Azora Capital LP 3.44% of their portfolio | 3.2m $76.1m | New |
| Vest Financial, LLC 0.98% of their portfolio | 2.9m $69.3m | Added +175.6k |
| Kopernik Global Investors, LLC 7.45% of their portfolio | 2.8m $67.8m | Added +407.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.7m $65.6m | Reduced -643.5k |
| Verition Fund Management LLC 0.38% of their portfolio | 2.7m $65.4m | Reduced -59.0k |
| NORGES BANK 0.01% of their portfolio | 2.5m $60.6m | Reduced -336.3k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 2.3m $54.3m | Reduced -7.9k |
| Holocene Advisors, LP 0.13% of their portfolio | 2.2m $51.4m | New |
| NOMURA ASSET MANAGEMENT CO LTD 0.13% of their portfolio | 2.0m $47.6m | Added +37.7k |
| LPL Financial LLC 0.02% of their portfolio | 2.0m $47.1m | Added +84.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.6m $39.1m | Reduced -69.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6m $39.1m | Added +482.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 1.6m $38.7m | Reduced -1.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.6m $37.4m | Reduced -511.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.5m $36.9m | Added +431.4k |
| Gallagher Fiduciary Advisors, LLC 1.37% of their portfolio | 1.5m $35.4m | Reduced -14.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.4m $32.7m | Added +467.8k |
| Freestone Grove Partners LP 0.24% of their portfolio | 1.3m $32.0m | Added +963.9k |
| BARCLAYS PLC 0.01% of their portfolio | 1.3m $30.6m | Reduced -271.3k |
| Alyeska Investment Group, L.P. 0.10% of their portfolio | 1.2m $29.3m | New |
| Legal & General Group Plc 0.01% of their portfolio | 1.1m $27.2m | Reduced -198.6k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.1m $26.3m | Reduced -843.7k |
| Nuveen, LLC 0.01% of their portfolio | 1.0m $24.5m | Added +304.3k |
| Meiji Yasuda Asset Management Co Ltd. 1.00% of their portfolio | 841.2k $20.1m | Added +18.9k |
| Swiss Life Asset Management Ltd 0.11% of their portfolio | 811.4k $19.4m | Reduced -27.7k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 793.7k $18.9m | New |
| MARSHALL WACE, LLP 0.02% of their portfolio | 788.9k $18.8m | Reduced -3.8m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.05% of their portfolio | 717.7k $17.1m | Reduced -802.1k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 693.5k $16.5m | Added +336.3k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 685.5k $16.3m | Reduced -31.9k |
| Interval Partners, LP 0.37% of their portfolio | 680.2k $16.2m | Added +547.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 634.9k $15.1m | Reduced -44.8k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 627.4k $15.0m | Reduced -2.7m |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 624.5k $14.9m | Reduced -613.0k |
| Janney Montgomery Scott LLC 0.04% of their portfolio | 610.9k $14.6m | Added +11.4k |
| Greenwich Wealth Management LLC 0.70% of their portfolio | 600.5k $14.3m | Added +33 |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 599.9k $14.3m | Added +31.1k |
| NATIXIS 0.07% of their portfolio | 584.4k $13.9m | Added +576.1k |
| Sound Income Strategies, LLC 0.80% of their portfolio | 583.0k $13.9m | Added +28.9k |
| FOUNDATION RESOURCE MANAGEMENT INC 2.14% of their portfolio | 581.3k $13.9m | Added +5.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 580.4k $13.8m | Reduced -218.6k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 558.7k $13.3m | Reduced -1.4m |
| Swiss National Bank 0.01% of their portfolio | 552.1k $13.2m | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 548.6k $13.1m | Added +46.1k |
| Schonfeld Strategic Advisors LLC 0.10% of their portfolio | 539.8k $12.9m | Added +508.4k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 2.84% of their portfolio | 514.2k $12.3m | Reduced -673.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 509.2k $12.1m | Added +174.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 509.0k $12.1m | Added +478.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 477.3k $11.4m | Added +100.1k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 469.3k $11.2m | Reduced -502.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 448.5k $10.7m | Reduced -134 |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 436.6k $10.4m | Reduced -1.2m |
| Cadence Bank 0.66% of their portfolio | 421.3k $10.0m | Added +7.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 415.8k $9.9m | Reduced -48.4k |
| Quantinno Capital Management LP 0.04% of their portfolio | 414.3k $9.9m | Added +105.5k |
| ExodusPoint Capital Management, LP 0.12% of their portfolio | 403.7k $9.6m | Reduced -242.6k |
| CITIGROUP INC 0.01% of their portfolio | 395.2k $9.4m | Reduced -91.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 381.5k $9.1m | Reduced -339.0k |
| Prana Capital Management, LP 0.32% of their portfolio | 365.0k $8.7m | New |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 360.2k $8.6m | Added +6.3k |
| Modern Wealth Management, LLC 0.20% of their portfolio | 343.8k $8.2m | Added +98.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 343.4k $8.2m | Reduced -508.3k |
| Lighthouse Investment Partners, LLC 0.35% of their portfolio | 333.5k $8.0m | Added +114.4k |
| Point72 Europe (London) LLP 0.39% of their portfolio | 321.4k $7.7m | Added +145.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 307.8k $7.3m | Reduced -8.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 306.8k $7.3m | Reduced -75.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 304.1k $7.3m | Added +46 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 302.3k $7.2m | Reduced -11.3k |
| Squarepoint Ops LLC 0.02% of their portfolio | 297.6k $7.1m | Reduced -90.0k |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 269.7k $6.4m | Reduced -1.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 267.6k $6.4m | Reduced -438.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 256.1k $6.1m | Reduced -11.1k |
| CHATHAM CAPITAL GROUP, INC. 0.87% of their portfolio | 238.2k $5.7m | Unchanged |
| Caisse de depot et placement du Quebec 0.01% of their portfolio | 231.2k $5.5m | New |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 229.2k $5.5m | Added +9.3k |
| Altrius Capital Management Inc 1.26% of their portfolio | 226.7k $5.4m | Reduced -964 |
| SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI 0.40% of their portfolio | 217.1k $5.2m | Added +3.6k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 215.0k $5.1m | Reduced -19.0k |
| Aberdeen Group plc 0.01% of their portfolio | 210.7k $5.0m | Added +2.7k |
| Cresset Asset Management, LLC 0.03% of their portfolio | 210.7k $5.1m | Reduced -7.3k |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 203.6k $4.9m | Reduced -1.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 193.2k $4.6m | Reduced -479.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 192.9k $4.6m | Reduced -14.0k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 185.1k $4.4m | Reduced -31.7k |