Franklin Resources Trims Salesforce Stake

Asset manager sells over 3.8 million shares of CRM stock

Published on Mar. 11, 2026

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Franklin Resources Inc. has reduced its position in Salesforce Inc. (NYSE:CRM) by 54.2%, selling 3,808,568 shares during the third quarter according to a recent SEC filing. The fund now owns 3,215,132 shares of the CRM provider's stock, valued at $761,986,000 as of the latest filing.

Why it matters

This sale by a major institutional investor like Franklin Resources could signal a shift in sentiment around Salesforce's stock. As a large shareholder, Franklin's decision to trim its stake may influence other investors' views on the company's future performance.

The details

Franklin Resources sold the Salesforce shares during the third quarter, reducing its overall stake in the company by over 54%. The asset manager now holds a 0.34% ownership position in Salesforce, down from 0.74% previously.

  • Franklin Resources filed the SEC disclosure on March 11, 2026.
  • The share sale occurred during the third quarter of the previous year.

The players

Franklin Resources Inc.

A global investment management organization and one of the largest institutional investors in Salesforce.

Salesforce Inc.

A leading provider of customer relationship management (CRM) software and cloud-based enterprise applications.

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The takeaway

This sale by a major shareholder like Franklin Resources could signal a shift in sentiment around Salesforce's stock and may influence how other investors view the company's future performance.