Carrhae Capital’s Franco-Nevada FNV Stock Holding History

Carrhae Capital’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	–	Sell	-293,772	Closed	-$60.9M	–	37
2025 Q4	$60.9M	Buy	293,772 +181,718	+162%	+$36.9M	4.06%	14
2025 Q3	$25M	Sell	112,054 -162,892	-59%	-$29.4M	2.37%	19
2025 Q2	$45.1M	Buy	274,946 +139,952	+104%	+$23.2M	4.31%	16
2025 Q1	$21.3M	Sell	134,994 -71,424	-35%	-$9.99M	2.47%	18
2024 Q4	$24.3M	Sell	206,418 -17,666	-8%	-$2.19M	2.87%	16
2024 Q3	$27.8M	Buy	224,084 +89,368	+66%	+$11.1M	3.18%	15
2024 Q2	$16M	Sell	134,716 -20,170	-13%	-$2.45M	2.61%	16
2024 Q1	$18.5M	Buy	154,886 +97,118	+168%	+$10.7M	3.61%	13
2023 Q4	$6.4M	Buy	+57,768	New	+$7.03M	1.27%	20

Other funds holding FNV

Fidelity Investments

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

Massachusetts Financial Services

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

VanEck Associates

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

Fidelity International

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

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

First Eagle Investment Management

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

Bank of Montreal

Bank of Montreal Toronto, Ontario, Canada $245B AUM 31.4% 1-Year Est. Return

Capital World Investors

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

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

Royal Bank of Canada

Royal Bank of Canada Toronto, Ontario, Canada $528B AUM 27.57% 1-Year Est. Return