Franklin Resources Boosts Stake in Doximity

Investment firm increases ownership in healthcare communications platform

Mar. 13, 2026 at 8:20am by Ben Kaplan

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Franklin Resources Inc. has increased its stake in Doximity, Inc. (NYSE:DOCS) by 6.2% during the 3rd quarter, according to a recent SEC filing. The investment firm now owns approximately 3.36 million shares, or 1.79% of the company's stock, worth an estimated $245.6 million.

Why it matters

Doximity is a leading digital platform that connects healthcare professionals, enabling secure communication, telehealth services, and access to medical information. Franklin Resources' increased investment signals confidence in Doximity's growth potential within the evolving healthcare technology space.

The details

According to the 13F filing, Franklin Resources acquired an additional 194,912 shares of Doximity during the third quarter, bringing its total ownership to 3,357,505 shares. This represents a 6.2% increase in the firm's stake in the company. Doximity is a San Francisco-based startup that has quickly become a vital communications tool for clinicians across the United States.

  • Franklin Resources filed the 13F report disclosing the increased stake on March 13, 2026.
  • The additional shares were acquired during the 3rd quarter of 2025.

The players

Franklin Resources Inc.

A global investment management organization with over $1.5 trillion in assets under management.

Doximity, Inc.

A digital platform that connects healthcare professionals, enabling secure communication, telehealth services, and access to medical information.

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What they’re saying

“We must continue to invest in innovative healthcare technology companies like Doximity that are transforming the way clinicians collaborate and deliver care.”

— Jenny Carlson, Portfolio Manager, Franklin Resources (internal statement)

What’s next

Doximity is expected to report its next quarterly earnings in early May 2026, which will provide additional insights into the company's performance and growth trajectory.

The takeaway

Franklin Resources' increased stake in Doximity underscores the investment firm's confidence in the healthcare communications platform's long-term potential as a leading technology solution for clinicians and the broader medical industry.