Franklin Resources (NYSE: BEN) reports $407.6B in 13F equity holdings across 22 managers

Rhea-AI Filing Summary

Franklin Resources Inc. filed a Form 13F-HR institutional holdings report as a 13F combination report, meaning some positions are reported here and others by affiliated managers. The filing covers 14,263 reportable holdings with a total reported market value of $407,592,897,213.

The report lists 22 other included managers within the Franklin Templeton and Fiduciary Trust families that share investment discretion over these securities. Western Asset Management Company, LLC is noted as no longer an other manager, having not held $100,000,000 in Section 13(f) securities since September 30, 2024.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL

OMB Number:			3235-0006
Estimated average burden
hours per response:			23.8

Report for the Calendar Year or Quarter Ended: 12-31-2025

Check here if Amendment		Amendment Number:
This Amendment (Check only one.):		is a restatement.
		adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:	FRANKLIN RESOURCES INC
Address:	One Franklin Parkway
	San Mateo, CA 94403
Form 13F File Number:	028-00734
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:		Thomas C. Mandia
Title:		Assistant Secretary
Phone:		800-632-2350
Signature, Place, and Date of Signing:
/s/THOMAS C. MANDIA			Stamford, CT	02-10-2026
[Signature]			[City, State]	[Date]
Western Asset Management Company, LLC is no longer included as an Other Manager Reporting for this Manager having not held $100,000,000 in Section 13(f) Securities since September 30, 2024.

Report Type (Check only one.):
	13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
	13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
X	13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.]
		Name	Form 13F File No.	CRD No. (if applicable)	SEC File No. (if applicable)	CIK
		Benefit Street Partners LLC	028-18146	000158672	801-72843	0001543160
		Brandywine Global Investment Management, LLC	028-02204	000110783	801-27797	0000829108
		Clearbridge Investments, LLC	028-11611	000137028	801-64710	0001348883
		Lexington Partners L.P.	028-17321	000147281	801-71411	0001621157
		O'SHAUGHNESSY ASSET MANAGEMENT, LLC	028-12966	000144594	801-68177	0001423442
		ROYCE & ASSOCIATES LP	028-03780	000107689	801-8268	0000906304

Form 13F Summary Page
	Report Summary:
	Number of Other Included Managers:		22
	Form 13F Information Table Entry Total:		14,263
	Form 13F Information Table Value Total:		407,592,897,213
			(round to nearest dollar)

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]
	No.	Name	Form 13F File No.	CRD No. (if applicable)	SEC File No. (if applicable)	CIK
	1	FIDUCIARY TRUST CO INTERNATIONAL	028-03877			0000941407
	2	Fiduciary Trust Co International of Pennsylvania	028-15057			0001560808
	3	FIDUCIARY TRUST Co OF CANADA	028-17561			0001689636
	4	Fiduciary Trust International of California	028-25569			0002067500
	5	Fiduciary Trust International of the South	028-25570			0002067532
	6	FIDUCIARY TRUST INTERNATIONAL LLC	028-13852	000124062	801-62001	0001424480
	7	FRANKLIN ADVISERS INC	028-03578	000104517	801-26292	0000898420
	8	FRANKLIN ADVISORY SERVICES LLC	028-05930	000111361	801-51967	0001027814
	9	Franklin Managed Options Strategies, LLC	028-23344	000325732	801-127676	0001987159
	10	FRANKLIN MUTUAL ADVISERS LLC	028-06154	000111376	801-53068	0001023875
	11	FRANKLIN TEMPLETON ASSET MANAGEMENT (INDIA) PRIVATE Ltd	028-17201			0001666807
	12	Franklin Templeton Australia Ltd	028-21841			0001910379
	13	Franklin Templeton Financial Co				0002109566
	14	Franklin Templeton Institutional, LLC	028-12310	000117384	801-60684	0001368427
	15	Franklin Templeton International Services S.a r.l	028-19123			0001766900
	16	FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LTD	028-11761	000111360	801-55170	0001200138
	17	FRANKLIN TEMPLETON INVESTMENTS CORP	028-06143	000111364	801-58185	0001132702
	18	PUTNAM INVESTMENT MANAGEMENT LLC	028-00090	000106629	801-7974	0000081273
	19	TEMPLETON ASSET MANAGEMENT LTD	028-11763	000111382	801-46997	0001039348
	20	TEMPLETON GLOBAL ADVISORS LTD	028-05454	000111383	801-42343	0001014885
	21	TEMPLETON INVESTMENT COUNSEL LLC	028-01074	000111370	801-15125	0000315282
	22	PUTNAM ADVISORY CO LLC	028-00092	000106631	801-5097	0000081238

FAQ

What does Franklin Resources (BEN) disclose in this Form 13F-HR filing?

Franklin Resources discloses its reportable institutional equity holdings on Form 13F-HR. The filing shows 14,263 positions with a combined market value of about $407.6 billion, giving investors insight into the scale and breadth of assets managed across its advisory platforms.

What is the total value of Franklin Resources (BEN) 13F securities reported?

The total value of reportable Section 13(f) securities is $407,592,897,213, rounded to the nearest dollar. This figure reflects the aggregate market value of all 14,263 positions covered by the reportable managers included in Franklin Resources’ Form 13F filing.

Is Franklin Resources (BEN) filing a full holdings report or a combination report?

Franklin Resources is filing a 13F combination report. This means part of its reportable holdings are included in this filing, while other portions are reported separately by affiliated institutional investment managers that share investment discretion over certain accounts.

How many other included managers are in Franklin Resources (BEN) 13F report?

The filing lists 22 other included managers. These include various Fiduciary Trust, Franklin Templeton, Templeton, and related advisory entities that collectively manage or share investment discretion over the reportable Section 13(f) securities disclosed in this combination report.

Why is Western Asset Management Company, LLC no longer listed in BEN’s 13F managers?

Western Asset Management Company, LLC is no longer included as an other manager because it has not held $100,000,000 in Section 13(f) securities since September 30, 2024. Falling below this threshold removed the need to list it as a reporting manager here.

Who signed Franklin Resources (BEN) Form 13F-HR and in what capacity?

The report is signed by Thomas C. Mandia, serving as Assistant Secretary. By signing, he represents that he is authorized to submit the report and that the information provided about Franklin Resources’ institutional holdings is true, correct, and complete to the best of their knowledge.