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 ($60.5m this quarter). Holder counts are more reliable. Shares outstanding: 520.8m as of 2026-01-22, 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 ≈ $23.92. Options: 16 managers hold calls ($44.8m notional), 13 hold puts ($33.7m).
Trends to Q4 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 |
| Q4 2025 | 576 |
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 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 |
| Q4 2025 | 278 | 272 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $46.1m | $46.0m | 1.00 |
| Q2 2025 | $43.6m | $32.7m | 0.75 |
| Q3 2025 | $58.8m | $33.1m | 0.56 |
| Q4 2025 | $44.8m | $33.7m | 0.75 |
Biggest buyers
| Squarepoint Ops LLC | Added | +2.7m |
| Azora Capital LP | Added | +2.6m |
| Bank of New York Mellon Corp | Added | +2.1m |
| CITADEL ADVISORS LLC | Added | +1.9m |
| BlackRock, Inc. | Added | +1.4m |
| HSBC HOLDINGS PLC | Added | +1.1m |
| Verition Fund Management LLC | Added | +925.7k |
| HANCOCK WHITNEY CORP | New | +823.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +817.0k |
| Invesco Ltd. | Added | +768.7k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -7.5m |
| JPMORGAN CHASE & CO | Reduced | -2.5m |
| MORGAN STANLEY | Reduced | -1.9m |
| UBS Group AG | Reduced | -1.3m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.0m |
| Public Sector Pension Investment Board | Reduced | -697.2k |
| JANE STREET GROUP, LLC | Reduced | -541.2k |
| HRT FINANCIAL LP | Sold out | -515.7k |
| Schonfeld Strategic Advisors LLC | Sold out | -466.6k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -456.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.5m563.3k shares |
| JANE STREET GROUP, LLC | Reduced | $7.4m308.5k shares |
| PEAK6 LLC | Reduced | $6.0m252.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.6m151.2k shares |
| CITADEL ADVISORS LLC | Reduced | $3.0m125.6k shares |
| Walleye Trading LLC | Added | $2.3m95.2k shares |
| IMC-Chicago, LLC | Reduced | $1.8m76.6k shares |
| Walleye Capital LLC | Added | $1.4m57.6k shares |
| D. E. Shaw & Co., Inc. | New | $1.4m56.6k shares |
| Twin Tree Management, LP | Reduced | $1.1m45.9k shares |
Biggest puts
| UBS Group AG | Unchanged | $5.4m224.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.2m218.2k shares |
| CITADEL ADVISORS LLC | Added | $5.0m209.1k shares |
| GROUP ONE TRADING LLC | Added | $4.0m165.8k shares |
| Walleye Trading LLC | Added | $3.5m146.8k shares |
| SIMPLEX TRADING, LLC | Added | $2.4m98.5k shares |
| PEAK6 LLC | Added | $2.1m88.4k shares |
| IMC-Chicago, LLC | Added | $2.1m86.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $1.6m65.0k shares |
| Walleye Capital LLC | Added | $1.1m46.0k 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 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-11-20 | JOHNSON CHARLES B 10% owner | Bought | $1.1m50.0k shares |
| 2025-11-18 | JOHNSON CHARLES B 10% owner | Bought | $1.1m50.0k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 37.1m $886.6m | Reduced -140.5k |
| Power Corp of Canada 100.00% of their portfolio | 31.6m $753.9m | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 29.7m $709.8m | Added +1.4m |
| STATE STREET CORP 0.02% of their portfolio | 20.7m $502.3m | Reduced -144.7k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 10.9m $260.0m | Added +817.0k |
| Invesco Ltd. 0.02% of their portfolio | 10.1m $241.8m | Added +768.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 8.1m $192.8m | Added +272.3k |
| ProShare Advisors LLC 0.30% of their portfolio | 7.1m $169.2m | Added +243.8k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 6.3m $150.0m | Added +1.9m |
| Azora Capital LP 8.72% of their portfolio | 5.8m $138.5m | Added +2.6m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 5.6m $134.9m | Reduced -1.0m |
| MORGAN STANLEY 0.01% of their portfolio | 4.3m $103.1m | Reduced -1.9m |
| Squarepoint Ops LLC 0.20% of their portfolio | 4.1m $98.7m | Added +2.7m |
| NORGES BANK 0.01% of their portfolio | 4.1m $98.2m | Not comparable |
| NORTHERN TRUST CORP 0.01% of their portfolio | 3.9m $93.3m | Reduced -214.7k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 3.7m $89.3m | Added +2.1m |
| Kopernik Global Investors, LLC 6.43% of their portfolio | 3.4m $80.5m | Added +633.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.2m $75.7m | Reduced -1.2k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 2.2m $53.6m | Added +1.1m |
| Vest Financial, LLC 0.66% of their portfolio | 2.2m $52.2m | Reduced -34.5k |
| Verition Fund Management LLC 0.28% of their portfolio | 2.2m $52.0m | Added +925.7k |
| UBS Group AG 0.01% of their portfolio | 2.0m $48.7m | Reduced -1.3m |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 2.0m $46.7m | Added +230.5k |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 1.8m $44.2m | Added +353.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.15% of their portfolio | 1.8m $42.2m | Added +194.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.7m $40.3m | Reduced -2.5m |
| BARCLAYS PLC 0.02% of their portfolio | 1.6m $39.4m | Added +503.8k |
| NOMURA ASSET MANAGEMENT CO LTD 0.10% of their portfolio | 1.6m $38.8m | Added +46.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $34.2m | Added +220.3k |
| Gallagher Fiduciary Advisors, LLC 1.10% of their portfolio | 1.4m $34.0m | Reduced -4.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.56% of their portfolio | 1.3m $31.2m | Reduced -88.9k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 1.3m $30.3m | Added +501.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 1.2m $29.7m | Added +255.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.2m $29.0m | Reduced -54.9k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 1.2m $28.8m | Added +265.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.2m $27.6m | Added +97.9k |
| Legal & General Group Plc 0.01% of their portfolio | 1.1m $25.3m | Reduced -95.5k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 1.0m $24.5m | Added +309.0k |
| TWO SIGMA ADVISERS, LP 0.05% of their portfolio | 988.8k $23.6m | Added +258.5k |
| Nuveen, LLC 0.01% of their portfolio | 975.9k $23.3m | Reduced -30.4k |
| Prana Capital Management, LP 0.78% of their portfolio | 905.0k $21.6m | Added +44.2k |
| Meiji Yasuda Asset Management Co Ltd. 0.98% of their portfolio | 856.0k $20.5m | Added +18.6k |
| HANCOCK WHITNEY CORP 0.35% of their portfolio | 823.0k $19.7m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio | 818.7k $19.6m | Added +279.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 791.8k $18.9m | Reduced -70.9k |
| Quantinno Capital Management LP 0.04% of their portfolio | 790.4k $18.9m | Added +231.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 768.6k $18.4m | Reduced -7.5m |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 767.7k $18.3m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 753.3k $18.0m | Reduced -110.3k |
| Swiss Life Asset Management Ltd 0.09% of their portfolio | 725.8k $17.3m | Reduced -77.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 654.9k $15.6m | Added +270.4k |
| Amundi 0.00% of their portfolio | 626.1k $15.0m | Added +141.9k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 614.4k $14.7m | Reduced -30.4k |
| FOUNDATION RESOURCE MANAGEMENT INC 1.89% of their portfolio | 589.8k $14.1m | Added +4.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 585.6k $14.0m | Added +48.9k |
| Swiss National Bank 0.01% of their portfolio | 563.0k $13.5m | Added +2.6k |
| Longaeva Partners L.P. 1.60% of their portfolio | 562.3k $13.4m | New |
| Sound Income Strategies, LLC 0.69% of their portfolio | 558.7k $14.5m | Reduced -8.5k |
| FIRST CITIZENS BANK & TRUST CO 0.27% of their portfolio | 546.5k $13.1m | Added +537.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 543.8k $12.9m | Reduced -14.1k |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 519.2k $12.4m | Reduced -47.3k |
| Envestnet Portfolio Solutions, Inc. 0.04% of their portfolio | 505.6k $12.1m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 504.5k $12.1m | Reduced -125.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 468.0k $11.2m | Added +510 |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 447.1k $10.7m | Added +19.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 444.5k $10.6m | Reduced -5.3k |
| Cadence Bank 0.61% of their portfolio | 433.0k $10.3m | Added +2.7k |
| Modern Wealth Management, LLC 0.18% of their portfolio | 403.8k $9.6m | Added +24.5k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 2.08% of their portfolio | 390.3k $9.3m | Reduced -357.1k |
| LPL Financial LLC 0.00% of their portfolio | 378.9k $9.1m | Reduced -122.4k |
| Cambria Investment Management, L.P. 0.50% of their portfolio | 362.1k $8.7m | New |
| ALGERT GLOBAL LLC 0.13% of their portfolio | 354.5k $8.5m | Added +229.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 351.9k $8.4m | Added +53.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 350.5k $8.4m | Reduced -38.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 333.0k $8.0m | Reduced -15.9k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 329.9k $8.2m | Reduced -2.4k |
| Engineers Gate Manager LP 0.09% of their portfolio | 324.1k $7.7m | Added +31.2k |
| Bastion Asset Management Inc. 4.17% of their portfolio | 321.5k $7.5m | New |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 314.8k $7.2m | Reduced -367.8k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 309.5k $7.4m | Added +287.5k |
| CITIGROUP INC 0.00% of their portfolio | 305.5k $7.3m | Reduced -212.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 299.8k $7.2m | Reduced -2.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 299.5k $7.2m | Added +195.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 297.2k $7.1m | Added +4.9k |
| Greenwich Wealth Management LLC 0.31% of their portfolio | 292.3k $7.0m | Added +1.1k |
| Trexquant Investment LP 0.06% of their portfolio | 291.2k $7.0m | New |
| State of Tennessee, Department of Treasury 0.02% of their portfolio | 288.4k $7.7m | Added +18.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 281.0k $6.7m | Reduced -18.1k |
| Holocene Advisors, LP 0.01% of their portfolio | 274.5k $6.6m | Added +219.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 270.8k $6.5m | Reduced -3.0k |
| SG Americas Securities, LLC 0.01% of their portfolio | 270.7k $6.5m | Added +37.8k |
| Dupree Financial Group, LLC 2.29% of their portfolio | 262.9k $6.3m | Added +2.3k |
| Cinctive Capital Management LP 0.35% of their portfolio | 256.4k $6.1m | Added +175.3k |
| Focus Partners Wealth 0.01% of their portfolio | 247.6k $5.9m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 236.5k $5.7m | Added +61.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 235.0k $5.6m | Reduced -51.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 232.1k $5.5m | Reduced -340 |
| Caisse de depot et placement du Quebec 0.01% of their portfolio | 231.2k $5.5m | Unchanged |
| Capitolis Liquid Global Markets LLC 0.03% of their portfolio | 230.7k $5.5m | New |
| Altrius Capital Management Inc 1.16% of their portfolio | 229.7k $5.5m | Added +3.4k |