Caption Management’s Franco-Nevada FNV Stock Holding History

Caption Management’s Portfolio FNV Stock Details FNV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$3.71M	Hold	15,000	–	–	0.02%	616
2025 Q4	$3.11M	Buy	+15,000	New	+$3.04M	0.02%	679
2025 Q3	–	Sell	-10,000	Closed	-$1.64M	–	1789
2025 Q2	$1.64M	Hold	10,000	–	–	0.02%	787
2025 Q1	$1.58M	Buy	+10,000	New	+$1.4M	0.02%	763
2024 Q3	–	Sell	-124,800	Closed	-$14.8M	–	1391
2024 Q2	$14.8M	Buy	124,800 +58,200	+87%	+$7.07M	0.23%	92
2024 Q1	$7.94M	Hold	66,600	–	–	0.12%	212
2023 Q4	$7.38M	Buy	+66,600	New	+$8.1M	0.1%	239
2021 Q3	–	Sell	-83,200	Closed	-$12.1M	–	1601
2021 Q2	$12.1M	Hold	83,200	–	–	0.16%	156
2021 Q1	$10.4M	Buy	+83,200	New	+$10M	0.22%	108

Other funds holding FNV

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

First Eagle Investment Management New York $59B AUM 32.99% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

EIG

EdgePoint Investment Group Toronto, Ontario, Canada $12.5B AUM 31.7% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Caption Management's FNV Position: Q3 2025 in Review

Caption Management sold out of Franco-Nevada (FNV) in Q3 2025, closing a stake of 13,245 shares — an estimated $2.17M sold.

Caption Management first reported a position in FNV in Q1 2025 and held it in 2 quarters. The position peaked at $2.17M in Q2 2025. 570 funds tracked by Wall St. Rank hold FNV as of Q3 2025.

Caption Management reported no remaining Franco-Nevada position as of Q3 2025 after selling out during the quarter.
Caption Management sold 13,245 Franco-Nevada shares in Q3 2025, an estimated $2.17M.
Caption Management first reported a position in Franco-Nevada in Q1 2025 and held it in 2 quarters.
Caption Management's Franco-Nevada position peaked at $2.17M in Q2 2025.
570 funds tracked by Wall St. Rank held Franco-Nevada as of Q3 2025.

Based on Caption Management's 13F filing for Q3 2025, filed 14 Nov 2025.