Franklin Resources portfolio

What changed this quarter

2752 positions with a change (177 new, 1300 added to, 1138 trimmed, 137 sold); also, 26 entered through an IPO, 35 exited through an acquisition or merger, 10 entered through a spin-off. 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Apple+42%more sharesIncreased
  3.0% → 4.4%
• Alphabet−39%fewer sharesReduced
  2.5% → 1.7%
• Microsoft+24%more sharesIncreased
  3.5% → 3.9%
• Advanced Micro Devices+111%more sharesIncreased
  0.2% → 1.2%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• AppleAAPL4.4%
• NVIDIANVDA4.0%
• MicrosoftMSFT3.9%
• AlphabetGOOGL · GOOG3.3%
• Amazon.comAMZN3.1%
• BroadcomAVGO2.0%
• Exxon MobilXOM1.3%
• Lam ResearchLRCX1.2%
• Eli LillyLLY1.2%
• Meta PlatformsMETA1.2%
• Advanced Micro DevicesAMD1.2%
• Cisco SystemsCSCO1.1%
• CitigroupC1.1%
• AbbVieABBV1.1%
• JPMorgan ChaseJPM1.1%
• Micron TechnologyMU0.9%
• Bank of AmericaBAC0.9%
• Procter & GamblePG0.9%
• Nextera EnergyNEE0.8%
• Thermo Fisher ScientificTMO0.8%
• VisaV0.8%
• UnitedHealth GroupUNH0.8%
• Coca-ColaKO0.8%
• Philip Morris InternationalPM0.8%
• Charles SchwabSCHW0.7%
• Taiwan Semiconductor ManufacturingTSM0.7%
• AstrazenecaAZN0.7%
• TeslaTSLA0.6%
• WalmartWMT0.6%
• Capital One FinancialCOF0.6%
• MastercardMA0.6%
• Johnson & JohnsonJNJ0.6%
• ChevronCVX0.6%
• MerckMRK0.5%
• Applied MaterialsAMAT0.5%
• General MotorsGM0.5%
• LindeLIN0.5%
• Southwest AirlinesLUV0.5%
• Freeport-McMoRanFCX0.5%
• RTXRTX0.5%
• McKESSONMCK0.5%
• PultegroupPHM0.5%
• PNC Financial Services GroupPNC0.5%
• AllstateALL0.5%
• United RentalsURI0.4%
• Goldman Sachs GroupGS0.4%
• NRG EnergyNRG0.4%
• CortevaCTVA0.4%
• Hilton Worldwide HoldingsHLT0.4%
• ConocoPhillipsCOP0.4%
• Marvell TechnologyMRVL0.4%
• Morgan StanleyMS0.4%
• Home DepotHD0.4%
• Seagate Technology HoldingsSTX0.4%
• Regeneron PharmaceuticalsREGN0.4%
• Northrop GrummanNOC0.4%
• Abbott LaboratoriesABT0.4%
• SandiskSNDK0.4%
• Arista NetworksANET0.4%
• Analog DevicesADI0.4%
• FedExFDX0.4%
• PepsicoPEP0.4%
• Vertex PharmaceuticalsVRTX0.4%
• AmphenolAPH0.4%
• Valero EnergyVLO0.4%
• Franklin U.s. Core Bond ETFFLCB0.4%
• KLAKLAC0.4%
• Trane TechnologiesTT0.4%
• Union PacificUNP0.3%
• ASML HoldingASML0.3%
• GE VernovaGEV0.3%
• SouthernSO0.3%
• OracleORCL0.3%
• Honeywell InternationalHON0.3%
• CRH publicCRH0.3%
• PrologisPLD0.3%
• Honeywell AerospaceHONA0.3%
• MedtronicMDT0.3%
• McDONALD’SMCD0.3%
• Duke EnergyDUK0.3%
• Johnson Controls InternationalJCI0.3%
• Ingersoll RandIR0.3%
• American Electric PowerAEP0.3%
• Apollo Global ManagementAPO0.3%
• BlackRockBLK0.3%
• SnowflakeSNOW0.3%
• Parker-hannifinPH0.3%
• T-mobile USTMUS0.2%
• Monolithic Power SystemsMPWR0.2%
• Costco WholesaleCOST0.2%
• EntergyETR0.2%
• Texas InstrumentsTXN0.2%
• Becton, DickinsonBDX0.2%
• Cadence Design SystemsCDNS0.2%
• CVS HealthCVS0.2%
• NetflixNFLX0.2%
• CelesticaCLS0.2%
• Air Products and ChemicalsAPD0.2%
• Wells FargoWFC0.2%