Franklin Resources Inc. Reports 7.8% Stake in PulteGroup Inc. Following Internal Realignment

On April 29, 2026, Franklin Resources, Inc. (FRI) filed a Schedule 13G/A reporting a 7.8% ownership stake in PulteGroup, Inc. (PHM), representing 14,978,904 shares. This filing marks a significant increase from the previously reported 0.0% position. The ownership is primarily held through FRI's investment management subsidiaries, with Putnam Investment Management, LLC accounting for 11,234,872 shares (5.9%). Other contributing subsidiaries include The Putnam Advisory Company, LLC and Brandywine Global Investment Management, LLC. The filing notes an internal realignment as of March 31, 2026, where Franklin Mutual Advisers and Brandywine Global Investment Management ceased disaggregated reporting and are now aggregated with FRI's holdings. Principal shareholders Charles B. Johnson and Rupert H. Johnson, Jr. are also named in the filing but report 0.0% individual beneficial ownership. The securities were acquired in the ordinary course of business and not for the purpose of influencing control of the issuer.