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BEN Franklin Resources SEC Filings & Insider Trading Activity 2026

company
CIK 38777160 filings
S&P 500
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BEN at a glance

Franklin Resources (BEN, SEC CIK 38777) filed its latest 10-K annual report on November 10, 2025, a 10-Q quarterly report on July 31, 2026, an 8-K current report on August 10, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.

  • For the fiscal year ended September 30, 2025 (FY2025), Franklin Resources (BEN) reported revenue of $8.8 billion (up 3.5% from FY2024) and net income of $524.9 million. Diluted EPS was $0.91.
  • As of June 30, 2026, 40 institutional investment managers tracked by SignalX reported holding Franklin Resources (BEN) shares worth $4.6 billion in 13F-HR filings.
  • Franklin Resources reported 2,675 positions worth $461.9 billion in its 13F-HR for Q2 2026, filed August 13, 2026. Its largest holdings were Apple Inc (AAPL) at 4.3%, Nvidia Corporation (NVDA) at 4.0% and Microsoft Corp (MSFT) at 3.9%.

Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).

Revenue · FY2025
$8.8B
+3.5% vs prior year
Insiders · 90 days
0 buys · 0 sells
No open-market trades
13F holders
40 funds
$4.6B · +1 vs prior quarter
Latest 8-K
Aug 10, 2026
Item 2.03 · Item 8.01

AI 10-K Annual Report Analysis

Latest 10-K, fiscal year ended Sep 30, 2025

Full analysis →

Business Overview

  • Core business model: global investment management with $1.6 trillion AUM, offering equity, fixed income, alternatives, and multi-asset products
  • Emphasis on technology solutions and business innovation to meet evolving client goals and improve investment performance
  • Strategic focus on long-term investment performance and superior client service across retail, institutional, and high-net-worth segments
  • Broad product distribution via proprietary funds, ETFs, separate accounts, sub-advisory, and co-branded partnerships globally
  • Operating under a single segment, navigating complex global regulatory environments with adherence to compliance and reporting requirements

Risk Factors

  • Regulatory risk: Compliance complexity under Rule 12b-1 Plans (Investment Company Act of 1940) affecting distribution fees from U.S. mutual funds
  • Geopolitical risk: 7% decline in Asia-Pacific AUM to $165.8B due to stronger U.S. dollar versus Asian currencies (AUD, CAD, INR, JPY)
  • Operational risk: Integration expenses from Putnam acquisition ongoing, impacting operating expenses and compensation costs
  • Competitive risk: Significant fixed income outflows at Western Asset Management (WAM) of $141.9B long-term net outflows in fiscal 2025
  • Financial risk: Amortization and impairment of intangible assets, including $200M impairment of WAM-related indefinite-lived intangible assets in fiscal 2025

AI summary of the BEN 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K

AI 10-Q Quarterly Report Analysis

Latest 10-Q, quarter ended Jun 30, 2026

Management Discussion & Analysis

  • Revenue $2,358.4M, up 14% YoY from $2,064.0M
  • Operating margin 9.2% vs 7.5% YoY; adjusted margin 28.0% vs 23.7%
  • Best asset class Multi-Asset average AUM $215.5B, up 21%; weakest Fixed Income $438.4B, down 1%
  • AUM rose to $1,791.6B, driven by $98.0B market appreciation and $18.4B long-term net inflows
  • Outlook: complex regulatory environment, economic uncertainty, expense management, strategic technology investment and workforce optimization

Risk Factors

  • No material changes from fiscal 2025 Form 10-K risk factors
  • Business, financial condition, and results vulnerable to disclosed and unknown risks
  • Risk disclosures may reflect risks already developed or materialized

AI summary of the BEN 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K

AI 8-K Current Report Analysis

The most recent material events, by 8-K item

Filed Aug 10, 2026Full analysis →

Item 2.03: Creation of a Direct Financial Obligation

  • Item 2.03 indicates a newly created direct financial obligation or off-balance-sheet obligation

Item 8.01: Other Events

  • $750M 5.500% unsecured subordinated notes issued August 10, 2026, maturing August 10, 2036
  • Proceeds target repayment of approximately $700M revolving borrowings, without permanently reducing credit commitments
Filed Jul 31, 2026Full analysis →

Item 7.01: Regulation FD Disclosure

  • Name Change announced July 31, 2026, effective on the stated Effective Date
  • Third-quarter earnings commentary posted at investors.franklinresources.com

Item 2.02: Results of Operations and Financial Condition

  • Q3 fiscal 2026 results for quarter ended June 30, 2026
  • Press release issued July 31, 2026, containing the financial results

Item 5.03: Amendments to Articles of Incorporation or Bylaws

  • Corporate name changed from Franklin Resources, Inc. to Franklin Templeton, Inc. effective August 17, 2026
  • Bylaws amended solely to reflect the new corporate name

Item EX-99.1: Item EX-99.1

  • Q3 revenue $2,358.4M, up 14% YoY; adjusted operating income $508.9M, up 35%
  • GAAP EPS $0.31, down 37% sequentially, while adjusted EPS reached $0.72, up 47% YoY
Filed Jul 30, 2026Full analysis →

Item 1.02: Termination of a Material Definitive Agreement

  • $1.5B revolving credit agreement terminated on July 30, 2026, ahead of its April 30, 2030 maturity
  • $700M outstanding borrowings rolled into the Second Amended and Restated Credit Agreement

Item 2.03: Creation of a Direct Financial Obligation

  • Item 2.03 disclosure is incomplete, with no obligation amount, terms, maturity, or borrowing purpose provided
  • Investor impact cannot be assessed from the excerpt alone

Item 1.01: Entry into a Material Definitive Agreement

  • Revolving facility increased to $1.5B, with a $500M expansion option, strengthening liquidity flexibility
  • Maturity extended to July 30, 2031, supporting longer-term refinancing capacity

AI summaries of BEN 8-K current reports filed with the SEC. What 8-K item codes mean

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Recent Insider Transactions (Form 4)

Latest reported trades by officers, directors and 10% owners

InsiderTypeDatePrice
King Karen MatsushimaAOct 1, 2026$32.50
Kim John YAOct 1, 2026$32.50
Nicholls MatthewFAug 31, 2026$34.15
Murphy TerrenceFAug 31, 2026$34.15
Oshita Lindsey HarumiFAug 31, 2026$34.15
Merchant Thomas CFAug 31, 2026$34.15
JOHNSON GREGORY EFAug 31, 2026$34.15
Gamba DanielFAug 31, 2026$34.15
Insider trades across all companies →Which insider buys matter →

Financial Summary
XBRL

Annual financial summary from SEC XBRL data
MetricFY2023FY2024FY2025
Profitability
Revenue-$8.5B$8.8B
Operating Income-$407.6M$604.1M
Net Income$882.8M$464.8M$524.9M
Op. Margin-4.8%6.9%
Net Margin-5.5%6.0%
Balance Sheet
Total Assets$30.1B$32.5B$32.4B
Equity-$12.5B$12.1B
ROE-3.7%4.3%
Per Share
EPS$1.72$0.85$0.91
Cash Flow
Operating CF-$971.3M$1.1B
CapEx$148.8M$177.1M$154.5M

Source: XBRL data in Franklin Resources (BEN)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →

13F Fund Holdings: Quarterly Trend

Latest: Q2 2026

Aggregate BEN share value held by 13F filers tracked by SignalX, by quarter.

Quarterly totals table
BEN shares held by 13F filers tracked by SignalX, by quarter
QuarterFundsTotal value
Q2 202640$4.58B
Q1 202639$3.56B
Q4 202536$3.46B
Q3 202535$3.31B
Q2 202535$3.30B
Q1 202532$2.12B
Q4 202427$1.94B
Q3 202423$1.11B
Position changes: Q1 2026 → Q2 2026
Top Buyers
Top Sellers
New Positions
Closed Positions
None this quarter.

Source: 13F-HR filings on SEC EDGAR (aggregated from 267 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work

Franklin Resources top 13F holdings, Q2 2026

Largest reported positions by market value, from the 13F-HR filed Aug 13, 2026

Franklin Resources 13F holdings for Q2 2026
#CompanyWeightValueSharesvs Q1 2026
1Apple IncAAPL4.33%$20.0B69,201,134Added
2Nvidia CorporationNVDA3.95%$18.3B91,271,697Trimmed
3Microsoft CorpMSFT3.86%$17.8B47,757,602Added
4Alphabet IncGOOGL3.49%$16.1B58,883,306Added
5Amazon Com IncAMZN3.06%$14.1B59,212,518Added
6Broadcom IncAVGO2.02%$9.3B24,690,618Trimmed
7Exxon Mobil CorpXOM1.28%$5.9B43,106,408Held
8Lam Research CorpLRCX1.23%$5.7B13,065,549Added
9Eli Lilly & CoLLY1.19%$5.5B4,590,218Held
10Franklin Templeton ETF Tr1.17%$5.4B196,180,691Held
11Meta Platforms IncMETA1.15%$5.3B9,410,485Held
12Advanced Micro Devices IncAMD1.14%$5.3B9,093,264Added
13Cisco Sys IncCSCO1.10%$5.1B43,390,831Trimmed
14Citigroup IncC1.09%$5.0B36,014,050Trimmed
15Abbvie IncABBV1.09%$5.0B19,925,232Added
16Jpmorgan Chase & CoJPM1.06%$4.9B15,005,188Held
17Nextera Energy IncNEE1.02%$4.7B60,082,906Held
18Micron Technology IncMU0.91%$4.2B3,634,769Added
19Bank of Amer CorpBAC0.89%$4.1B72,257,043Held
20Procter & Gamble CoPG0.85%$3.9B26,820,010Held

Source: Franklin Resources 13F-HR on SEC EDGAR. Long equity positions only (put and call options excluded); weights are shares of the reported 13F portfolio, not total assets. How 13F filings work

Franklin Resources biggest buys and sells, Q2 2026

Largest estimated position changes versus Q1 2026

Franklin Resources largest 13F position changes in Q2 2026
CompanyMoveEst. flowShares nowWeight now
Apple IncAAPLAdded+$6.0B69,201,1344.33%
Microsoft CorpMSFTAdded+$3.5B47,757,6023.86%
Advanced Micro Devices IncAMDAdded+$2.8B9,093,2641.14%
Micron Technology IncMUAdded+$1.9B3,634,7690.91%
Cisco Sys IncCSCOTrimmed−$1.7B43,390,8311.10%
Seagate Technology Hldngs PlSTXTrimmed−$1.7B1,798,0790.38%
Marvell Technology IncMRVLTrimmed−$1.6B5,988,0990.39%
Honeywell Intl IncHONTrimmed−$1.6B6,509,0940.32%
Alphabet IncGOOGLAdded+$1.5B58,883,3063.49%
Broadcom IncAVGOTrimmed−$1.5B24,690,6182.02%
Kla CorpKLACAdded+$1.5B5,409,0310.35%
Honeywell Aerospace IncHONANew+$1.4B6,495,6900.31%

Estimated flow = change in share count × quarter-end price (186 new, 919 added, 826 trimmed, 162 sold out). 13F reports show holdings on the last day of the quarter, not the trade dates.

BEN filing archive

AI analysis pages for each 10-K, 10-Q and 8-K

10-K annual reports

Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4

FormFiling dateAnalysisSEC
4Oct 5, 2026--
4Oct 5, 2026--
4Sep 2, 2026--
4Sep 2, 2026--
4Sep 2, 2026--
4Sep 2, 2026--
4Sep 2, 2026--
4Sep 2, 2026--
4Sep 2, 2026--
13F-HRAug 13, 2026-
8-KAug 10, 2026Analysis-
8-KJul 31, 2026Analysis-
10-QJul 31, 2026Analysis
8-KJul 30, 2026Analysis-
SC 13GJul 28, 2026-
SC 13GJul 28, 2026-
4Jul 23, 2026--
4Jul 23, 2026--
8-KJul 23, 2026Analysis-
4Jul 23, 2026--
4Jul 23, 2026--
8-KJun 5, 2026Analysis
SC 13DMay 14, 2026-
13F-HRMay 13, 2026-
4May 5, 2026--

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BEN SEC filings: frequently asked questions

Which institutions hold BEN stock?

As of June 30, 2026, the largest Franklin Resources (BEN) holders among the 13F filers tracked by SignalX were BlackRock ($961.8 million), Vanguard Capital Management LLC ($669.9 million), State Street Corp ($662.9 million), Vanguard Portfolio Management LLC ($457.0 million), Invesco Ltd ($402.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.

What was BEN's revenue in fiscal year 2025?

For the fiscal year ended September 30, 2025 (FY2025), Franklin Resources (BEN) reported revenue of $8.8 billion (up 3.5% from FY2024) and net income of $524.9 million. Diluted EPS was $0.91. The figures come from the XBRL data in the 10-K.

What are the main risks in BEN's latest 10-K?

In the 10-K filed November 10, 2025, Franklin Resources (BEN) flagged: Regulatory risk: Compliance complexity under Rule 12b-1 Plans (Investment Company Act of 1940) affecting distribution fees from U.S. mutual funds. Geopolitical risk: 7% decline in Asia-Pacific AUM to $165.8B due to stronger U.S. dollar versus Asian currencies (AUD, CAD, INR, JPY). (AI summary of the Risk Factors section.)

What did BEN report in its latest 8-K?

Franklin Resources (BEN) filed an 8-K on August 10, 2026 reporting Item 2.03 (Creation of a Direct Financial Obligation) and Item 8.01 (Other Events). Item 2.03 indicates a newly created direct financial obligation or off-balance-sheet obligation.

What stocks does Franklin Resources own?

In its 13F-HR for Q2 2026 (filed August 13, 2026), Franklin Resources reported 2,675 positions worth $461.9 billion. The largest were Apple Inc (AAPL), 4.3%; Nvidia Corporation (NVDA), 4.0%; Microsoft Corp (MSFT), 3.9%; Alphabet Inc (GOOGL), 3.5%; Amazon Com Inc (AMZN), 3.1%. The top 10 positions were 25.6% of the portfolio.

What did Franklin Resources buy in Q2 2026?

Compared with Q1 2026, Franklin Resources's largest estimated purchases were Apple Inc (AAPL) (added, about $6.0 billion), Microsoft Corp (MSFT) (added, about $3.5 billion), Advanced Micro Devices Inc (AMD) (added, about $2.8 billion), Micron Technology Inc (MU) (added, about $1.9 billion) and Alphabet Inc (GOOGL) (added, about $1.5 billion). In total it opened 186 new positions and added to 919. Amounts are estimated from share-count changes at quarter-end prices.

What did Franklin Resources sell in Q2 2026?

Compared with Q1 2026, Franklin Resources's largest estimated sales were Cisco Sys Inc (CSCO) (trimmed, about $1.7 billion), Seagate Technology Hldngs Pl (STX) (trimmed, about $1.7 billion), Marvell Technology Inc (MRVL) (trimmed, about $1.6 billion), Honeywell Intl Inc (HON) (trimmed, about $1.6 billion) and Broadcom Inc (AVGO) (trimmed, about $1.5 billion). In total it sold out of 162 positions and trimmed 826.

When does Franklin Resources file 13F reports?

Franklin Resources's latest 13F-HR was filed August 13, 2026 and covers the quarter ended June 30, 2026. 13F-HR reports are due within 45 days of each quarter-end, so the Q3 2026 report is due by November 14, 2026.

What are the latest BEN SEC filings?

Franklin Resources (BEN) filed its latest 10-K annual report on November 10, 2025, a 10-Q quarterly report on July 31, 2026, an 8-K current report on August 10, 2026 and a Form 4 insider filing on October 5, 2026.

What is BEN's SEC CIK number?

Franklin Resources (BEN)'s SEC Central Index Key (CIK) is 38777. EDGAR lists every BEN filing under that number.

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