Citigroup Boosts Stake in Franklin Resources

Investment firm increases holdings in asset management company by over 31%

Mar. 3, 2026 at 1:31am

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Citigroup Inc. has increased its stake in Franklin Resources, Inc. (NYSE:BEN) by 31.2% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The institutional investor now owns 518,381 shares of the closed-end fund's stock, valued at approximately $11.99 million.

Why it matters

This move by Citigroup suggests the investment firm sees potential in Franklin Resources, a global asset management company with a diverse range of investment products. The increased stake could signal Citigroup's confidence in Franklin's future performance and growth prospects.

The details

According to the 13F filing, Citigroup acquired an additional 123,159 shares of Franklin Resources during the third quarter, bringing its total position to 518,381 shares. This represents approximately 0.10% of Franklin Resources' outstanding stock. The asset manager has a market capitalization of $13.79 billion and its shares trade on the New York Stock Exchange under the ticker symbol BEN.

  • Citigroup increased its stake in Franklin Resources during the 3rd quarter of 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation headquartered in New York City.

Franklin Resources, Inc.

A global investment management organization that offers a wide range of asset management solutions to institutional and individual investors.

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The takeaway

Citigroup's increased stake in Franklin Resources suggests the investment firm sees long-term value in the asset manager's diversified product offerings and growth potential. This move could signal broader institutional confidence in Franklin Resources' ability to navigate market conditions and deliver returns for investors.