First Trust Advisors Reduces Stake in Franklin Resources

Asset management firm sells over 549,000 shares of the closed-end fund

Mar. 13, 2026 at 7:54am

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First Trust Advisors LP decreased its holdings in shares of Franklin Resources, Inc. (NYSE:BEN) by 24.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund now owns 1,725,465 shares of the closed-end fund's stock after selling 549,539 shares during the quarter.

Why it matters

The reduction in First Trust Advisors' stake in Franklin Resources is notable as the asset management firm is one of the largest institutional investors in the company. This move could signal a shift in sentiment or strategy regarding the closed-end fund among institutional investors.

The details

According to the 13F filing, First Trust Advisors now owns approximately 0.33% of Franklin Resources, valued at $39.91 million as of the end of the reporting period. The firm cited the 24.2% reduction in its holdings, selling 549,539 shares during the 3rd quarter.

  • The 13F filing reflects First Trust Advisors' holdings as of the end of the 3rd quarter.

The players

First Trust Advisors LP

An asset management firm that is one of the largest institutional investors in Franklin Resources.

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

The reduction in First Trust Advisors' stake in Franklin Resources could signal a shift in sentiment or strategy among institutional investors regarding the closed-end fund. This move bears watching as it may foreshadow broader changes in the investment landscape for Franklin Resources.