Wedge Capital Reduces Franklin Resources Stake

Investment firm sells nearly 89,000 shares of financial services company

Mar. 28, 2026 at 12:12pm

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An extreme close-up of intricate, heavy industrial banking machinery and components in shades of steel grey, bronze, and black, conveying a sense of financial security and institutional power.An institutional investor's portfolio adjustments reflect broader trends and sentiment around major financial services firms.Franklin Today

Wedge Capital Management L L P NC, an investment management firm, decreased its position in shares of Franklin Resources, Inc. (NYSE:BEN) by 6.4% during the fourth quarter, according to a recent filing with the Securities & Exchange Commission. The firm now owns 1,307,273 shares of the closed-end fund's stock, valued at $31,231,000.

Why it matters

This transaction reflects Wedge Capital's portfolio adjustments and views on the performance and outlook of Franklin Resources, a major global investment management firm. Institutional investor moves can provide insights into market trends and sentiment around specific companies.

The details

Wedge Capital sold 88,863 shares of Franklin Resources during the fourth quarter, reducing its total stake in the company to 1,307,273 shares. This represents approximately 0.25% ownership of Franklin Resources' outstanding stock. The investment firm cited unspecified factors in its decision to decrease the position.

  • Wedge Capital filed the transaction disclosure on March 28, 2026.
  • The share sale occurred during the fourth quarter of 2025.

The players

Wedge Capital Management L L P NC

An investment management firm that decreased its position in shares of Franklin Resources, Inc.

Franklin Resources, Inc.

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

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The takeaway

This transaction reflects ongoing portfolio adjustments by institutional investors as they evaluate the performance and outlook of major financial services firms like Franklin Resources. Tracking such moves can provide insights into broader market trends and sentiment.