Mario Gabelli is Doubling Down on These 5 Stocks

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1. Franklin Resources, Inc. (NYSE:BEN)

Number of Hedge Fund Holders: 30  

Percentage Increase in Stake During Q3: 158% 

Franklin Resources, Inc. (NYSE:BEN) is an asset management holding firm. The stock has soared in the past few weeks after the firm beat market estimates on earnings for the fourth fiscal quarter and also announced the acquisition of private equity firm Lexington Partners for $1.75 billion. 

Regulatory filings show that GAMCO Investors owned 197,508 shares in Franklin Resources, Inc. (NYSE:BEN) at the end of the third quarter of 2021 worth over $5.8 million, representing 0.05% of the portfolio. 

At the end of the second quarter of 2021, 30 hedge funds in the database of Insider Monkey held stakes worth $205 million in Franklin Resources, Inc. (NYSE:BEN), down from 31 in the previous quarter worth $198 million.

You can also take a peek at 10 Stocks Jim Cramer and Ken Fisher Have in Common and 10 Best Nickel Stocks to Buy Now.

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