13F-HR/A: Franklin Resources Inc. Amends 13F Filing, Corrects Securities Holdings

Franklin Resources Inc. has filed an amendment to its Form 13F report to correct previously misstated securities holdings as of September 30, 2024.

Summary

• Franklin Resources Inc. has submitted an amended Form 13F filing, designated as Amendment Number 1, to rectify errors in securities holdings data previously reported for the quarter ending September 30, 2024.
• The amendment is a restatement of the original filing and does not add new holdings entries.
• The report includes holdings information for Franklin Resources and 19 other included managers.
• The total value of the reported holdings is $356,094,857,262, encompassing 12,097 entries.
• The filing is signed by Thomas C. Mandia, Assistant Secretary, on November 27, 2024, in Stamford, CT.

Sentiment

Score: 5

Explanation: The document is a regulatory filing with a neutral tone. The need for an amendment suggests a minor issue, but it does not indicate a major problem.

Negatives

• The need for an amendment indicates that there were errors in the original filing.

Risks

• The restatement of holdings may cause uncertainty among investors.
• The errors in the original filing could raise questions about the accuracy of other reports from Franklin Resources.

Management Comments

• This amendment is being made to rectify certain securities holdings as of September 30, 2024 previously inadvertently mistakenly referenced.

Industry Context

This filing is a standard regulatory requirement for institutional investment managers and provides transparency into their holdings. The amendment highlights the importance of accurate reporting in the financial industry.

Comparison to Industry Standards

• Form 13F filings are a standard practice for institutional investment managers, and amendments are not uncommon when errors are identified.
• The size of Franklin Resources' holdings, at over $356 billion, places it among the larger institutional investors globally.
• The number of other included managers, at 19, indicates a complex organizational structure with multiple reporting entities.

Stakeholder Impact

• Shareholders may be concerned about the accuracy of the original filing.
• The correction of the holdings data ensures that stakeholders have a more accurate view of the company's investments.

Key Dates

Keywords

13F, Franklin Resources, securities holdings, institutional investment manager, amendment, restatement, investment management