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 ($47.9m this quarter). Holder counts are more reliable. Shares outstanding: 521.0m as of 2025-10-31, 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 ≈ $23.16. Options: 17 managers hold calls ($58.8m notional), 17 hold puts ($33.1m).
Trends to Q3 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 |
| Q3 2025 | 591 |
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 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 |
| Q3 2025 | 289 | 246 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $50.4m | $39.1m | 0.78 |
| Q1 2025 | $46.1m | $46.0m | 1.00 |
| Q2 2025 | $43.6m | $32.7m | 0.75 |
| Q3 2025 | $58.8m | $33.1m | 0.56 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +2.7m |
| MORGAN STANLEY | Added | +1.7m |
| WEDGE CAPITAL MANAGEMENT L L P/NC | New | +1.4m |
| NORTHERN TRUST CORP | Added | +1.4m |
| GOLDMAN SACHS GROUP INC | Added | +1.3m |
| Squarepoint Ops LLC | Added | +1.1m |
| Cubist Systematic Strategies, LLC | New | +998.1k |
| TWO SIGMA INVESTMENTS, LP | Added | +936.1k |
| Public Sector Pension Investment Board | Added | +711.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | New | +682.6k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -11.8m |
| Evergreen Quality Fund GP, Ltd. | Sold out | -5.2m |
| Amundi | Reduced | -2.9m |
| CITADEL ADVISORS LLC | Reduced | -2.8m |
| Holocene Advisors, LP | Reduced | -2.1m |
| ProShare Advisors LLC | Reduced | -1.8m |
| Verition Fund Management LLC | Reduced | -1.5m |
| LPL Financial LLC | Reduced | -1.5m |
| Freestone Grove Partners LP | Sold out | -1.3m |
| STATE STREET CORP | Reduced | -1.3m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $15.6m676.0k shares |
| JANE STREET GROUP, LLC | Added | $13.5m582.5k shares |
| PEAK6 LLC | Added | $6.0m259.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.1m177.4k shares |
| IMC-Chicago, LLC | Added | $3.5m151.9k shares |
| Twin Tree Management, LP | New | $3.5m150.8k shares |
| CITADEL ADVISORS LLC | Added | $2.9m125.8k shares |
| UBS Group AG | Unchanged | $2.9m124.5k shares |
| GROUP ONE TRADING LLC | Reduced | $1.6m67.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.3m55.3k shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | New | $8.1m350.3k shares |
| UBS Group AG | Unchanged | $5.2m224.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.8m162.2k shares |
| CITADEL ADVISORS LLC | Added | $3.5m151.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.1m89.2k shares |
| GROUP ONE TRADING LLC | Reduced | $1.9m83.6k shares |
| IMC-Chicago, LLC | Added | $1.7m74.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.6m68.9k shares |
| PEAK6 LLC | Reduced | $1.5m65.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.4m58.7k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 37.3m $861.6m | Reduced -555.9k |
| Power Corp of Canada 100.00% of their portfolio | 31.6m $729.9m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 28.3m $655.7m | Added +205.3k |
| STATE STREET CORP 0.02% of their portfolio | 20.9m $489.7m | Reduced -1.3m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 10.1m $232.8m | Added +553.2k |
| Invesco Ltd. 0.03% of their portfolio | 9.4m $216.4m | Reduced -699.2k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 8.3m $190.9m | Reduced -11.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 7.8m $180.3m | Added +1.6k |
| ProShare Advisors LLC 0.33% of their portfolio | 6.8m $158.2m | Reduced -1.8m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 6.7m $153.9m | Added +1.3m |
| MORGAN STANLEY 0.01% of their portfolio | 6.2m $143.7m | Added +1.7m |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 4.4m $101.4m | Reduced -2.8m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 4.2m $97.2m | Added +2.7m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 4.1m $95.3m | Added +1.4m |
| UBS Group AG 0.02% of their portfolio | 3.4m $78.0m | Reduced -398.6k |
| Azora Capital LP 3.47% of their portfolio | 3.2m $75.0m | Added +53.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.2m $73.3m | Reduced -67.4k |
| Kopernik Global Investors, LLC 5.16% of their portfolio | 2.7m $63.3m | Reduced -108.2k |
| Vest Financial, LLC 0.67% of their portfolio | 2.2m $51.3m | Reduced -686.3k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.7m $39.9m | Reduced -549.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.7m $38.4m | Added +18.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.10% of their portfolio | 1.6m $36.5m | Reduced -417.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio | 1.6m $36.3m | Reduced -52.5k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 1.5m $34.6m | Added +936.1k |
| Squarepoint Ops LLC 0.07% of their portfolio | 1.4m $33.2m | Added +1.1m |
| Gallagher Fiduciary Advisors, LLC 1.21% of their portfolio | 1.4m $33.0m | Reduced -57.0k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.55% of their portfolio | 1.4m $32.3m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.3m $29.3m | Reduced -297.7k |
| Verition Fund Management LLC 0.17% of their portfolio | 1.3m $28.9m | Reduced -1.5m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $28.0m | Reduced -426.5k |
| Legal & General Group Plc 0.01% of their portfolio | 1.2m $26.7m | Added +12.4k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.1m $26.4m | Added +523.1k |
| BARCLAYS PLC 0.01% of their portfolio | 1.1m $26.5m | Reduced -137.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.1m $24.5m | Reduced -46.0k |
| Nuveen, LLC 0.01% of their portfolio | 1.0m $23.3m | Reduced -18.9k |
| Cubist Systematic Strategies, LLC 0.33% of their portfolio | 998.1k $23.1m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 989.1k $22.9m | Added +389.2k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 938.4k $21.7m | Added +252.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 863.6k $20.0m | Added +670.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 862.7k $20.0m | Reduced -506.8k |
| Prana Capital Management, LP 0.66% of their portfolio | 860.8k $19.9m | Added +495.7k |
| Meiji Yasuda Asset Management Co Ltd. 0.92% of their portfolio | 837.4k $19.4m | Reduced -3.8k |
| Swiss Life Asset Management Ltd 0.10% of their portfolio | 803.4k $18.6m | Reduced -8.0k |
| Public Sector Pension Investment Board 0.07% of their portfolio | 775.5k $17.9m | Added +711.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 767.1k $17.7m | Added +297.8k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 3.89% of their portfolio | 747.4k $17.3m | Added +233.2k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 730.3k $16.9m | Added +102.9k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 715.2k $16.5m | Added +531.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 682.6k $15.8m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 644.8k $14.9m | Added +9.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 630.0k $14.6m | Added +193.4k |
| FOUNDATION RESOURCE MANAGEMENT INC 1.94% of their portfolio | 585.2k $13.5m | Added +3.9k |
| Sound Income Strategies, LLC 0.73% of their portfolio | 567.2k $13.4m | Reduced -15.9k |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 566.5k $13.1m | Reduced -44.4k |
| Swiss National Bank 0.01% of their portfolio | 560.4k $13.0m | Added +8.3k |
| Quantinno Capital Management LP 0.04% of their portfolio | 559.1k $12.9m | Added +144.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 557.9k $12.9m | Reduced -22.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 551.1k $12.7m | Added +405.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 538.9k $12.5m | Added +435.7k |
| California Public Employees Retirement System 0.01% of their portfolio | 536.7k $12.4m | Added +27.6k |
| CITIGROUP INC 0.01% of their portfolio | 518.4k $12.0m | Added +123.2k |
| HRT FINANCIAL LP 0.05% of their portfolio | 515.7k $11.9m | New |
| LPL Financial LLC 0.00% of their portfolio | 501.3k $11.6m | Reduced -1.5m |
| Amundi 0.00% of their portfolio | 484.3k $11.2m | Reduced -2.9m |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 467.5k $10.8m | Reduced -81.1k |
| Schonfeld Strategic Advisors LLC 0.08% of their portfolio | 466.6k $10.8m | Reduced -73.2k |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 456.3k $10.6m | Added +346.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 449.7k $10.4m | Added +1.2k |
| Cadence Bank 0.60% of their portfolio | 430.3k $10.0m | Added +9.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 427.1k $9.9m | Added +45.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 388.6k $9.0m | Reduced -27.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 384.6k $8.9m | Reduced -309.0k |
| Modern Wealth Management, LLC 0.17% of their portfolio | 379.3k $8.8m | Added +35.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 352.9k $8.2m | Added +223.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 348.9k $8.1m | Added +156.0k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 332.3k $7.7m | Reduced -28.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 302.6k $7.0m | Reduced -1.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 299.1k $6.9m | Reduced -3.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 298.6k $6.9m | Added +42.5k |
| Engineers Gate Manager LP 0.08% of their portfolio | 292.9k $6.8m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 292.3k $6.8m | Reduced -51.0k |
| Greenwich Wealth Management LLC 0.34% of their portfolio | 291.2k $6.7m | Reduced -309.2k |
| Campbell & CO Investment Adviser LLC 0.50% of their portfolio | 288.5k $6.7m | Added +272.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 286.5k $6.6m | Reduced -20.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 273.8k $6.3m | Added +6.2k |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 269.7k $6.2m | Unchanged |
| Dupree Financial Group, LLC 2.29% of their portfolio | 260.6k $6.0m | Added +124.7k |
| ExodusPoint Capital Management, LP 0.08% of their portfolio | 256.9k $5.9m | Reduced -146.8k |
| Interval Partners, LP 0.12% of their portfolio | 247.7k $5.7m | Reduced -432.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 240.5k $5.6m | New |
| SG Americas Securities, LLC 0.02% of their portfolio | 232.9k $5.4m | Added +207.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 232.4k $5.4m | Reduced -244.9k |
| Caisse de depot et placement du Quebec 0.01% of their portfolio | 231.2k $5.3m | Unchanged |
| CHATHAM CAPITAL GROUP, INC. 0.77% of their portfolio | 230.0k $5.3m | Reduced -8.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 228.5k $5.3m | Reduced -79.3k |
| Aquatic Capital Management LLC 0.10% of their portfolio | 228.5k $5.3m | First filing |
| Point72 Europe (London) LLP 0.29% of their portfolio | 227.6k $5.3m | Reduced -93.8k |
| Altrius Capital Management Inc 1.19% of their portfolio | 226.3k $5.2m | Reduced -398 |
| Aberdeen Group plc 0.01% of their portfolio | 223.9k $5.2m | Added +13.2k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.19% of their portfolio | 221.1k $5.1m | Added +205.2k |