Style
CoreTurnover
Orientation
Diversified activeFranklin Resources manages a $408.3 billion portfolio across nearly 15,000 positions, reflecting a broadly diversified, multi-cap core investment style with a pronounced technology tilt. Technology alone constitutes 22.2% of assets, anchored by top holdings NVIDIA (4.1%), Microsoft (3.5%), and Apple (3.0%), while Financial Services (12.3%) and Healthcare (10.5%) provide meaningful secondary exposure. The top 15 holdings represent only 30.9% of the portfolio, indicating that conviction is spread across many names rather than concentrated in a few high-conviction bets. Including both Alphabet share classes and two major banks (JPMorgan and Citigroup) alongside energy leader Exxon Mobil demonstrates a philosophy of owning dominant, cash-flow-generative firms across sectors. This composition signals a strategy of seeking broad market participation with a structural growth bias, while maintaining substantial diversification to manage downside risk.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Apple Inc(AAPL) | 69,201,134 | $20.0B | 4.34% |
| 2 | Nvidia Corporation(NVDA) | 91,271,697 | $18.3B | 3.95% |
| 3 | Microsoft Corp(MSFT) | 47,757,602 | $17.8B | 3.86% |
| 4 | Amazon COM Inc(AMZN) | 59,212,518 | $14.1B | 3.06% |
Latest filing, equity positions only
| 5 |
| Broadcom Inc(AVGO) |
| 24,690,618 |
| $9.3B |
| 2.02% |
| 6 | Alphabet Inc(GOOGL) | 22,072,353 | $7.9B | 1.71% |
| 7 | Alphabet Inc(GOOG) | 20,996,187 | $7.4B | 1.61% |
| 8 | Exxon Mobil Corp(XOM) | 43,106,408 | $5.9B | 1.28% |
| 9 | LAM Research Corp(LRCX) | 13,065,549 | $5.7B | 1.23% |
| 10 | ELI Lilly & Co(LLY) | 4,590,218 | $5.5B | 1.19% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Technology | 22.59% | 27.85% | +5.26% |
| Communication Services | 7.36% | 5.9% | -1.46% |
| Energy | 5.07% | 3.88% | -1.19% |
| Industrials | 8.98% | 7.99% | -0.99% |
| Unclassified | 8.88% | 9.72% | +0.84% |
| Consumer Defensive | 5.42% | 4.77% | -0.65% |
| Financial Services | 12.54% | 12.03% | -0.51% |
| Utilities | 4.79% | 4.33% | -0.46% |
| Basic Materials | 3.31% | 2.95% | -0.36% |
| Consumer Cyclical | 8.41% | 8.06% | -0.35% |
| Real Estate | 1.18% | 1.04% | -0.14% |
| Healthcare | 11.46% | 11.49% | +0.03% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Mega Cap | 43.42% | 46.18% | +2.76% |
| Large Cap | 42.92% | 39.04% | -3.88% |
| Unclassified | 8.88% | 9.72% | +0.84% |
| Mid Cap | 3.96% | 4.11% | +0.15% |
| Small Cap | 0.8% | 0.89% | +0.09% |
| Micro Cap | 0.03% | 0.06% | +0.03% |
Quarter-over-quarter position changes