Franklin Resources Reduces Stake in HCA Healthcare

Institutional investor sells over 250,000 shares of hospital operator

Mar. 12, 2026 at 10:34am

Franklin Resources Inc., an institutional investor, decreased its position in HCA Healthcare, Inc. (NYSE:HCA) by 17.8% in the third quarter, according to the company's recent 13F filing with the SEC. Franklin Resources now owns 1,173,404 shares of the company's stock, down from 1,428,345 shares previously.

Why it matters

HCA Healthcare is one of the largest hospital operators in the United States, and changes in institutional ownership can signal shifts in investor sentiment around the company's performance and future prospects.

The details

According to the 13F filing, Franklin Resources sold 254,941 shares of HCA Healthcare stock during the third quarter. The institutional investor now owns about 0.51% of the company's outstanding shares, down from 0.62% previously. HCA Healthcare has seen its stock price rise significantly over the past year, up over 30%, as the company has reported strong financial results.

  • The 13F filing was submitted in the 3rd quarter of the year.

The players

Franklin Resources Inc.

A global investment management organization that provides a range of investment management and related services to institutional and individual investors.

HCA Healthcare, Inc.

A for-profit operator of healthcare facilities headquartered in Nashville, Tennessee, that owns and operates a network of hospitals and related healthcare facilities.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Franklin Resources' stake in HCA Healthcare could signal a shift in investor sentiment around the hospital operator, though the overall outlook for the company remains positive with its strong financial performance and rising stock price.