K2 Principal Fund’s Franco-Nevada FNV Stock Holding History

K2 Principal Fund’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
2025 Q2	–	Sell	-17,500	Closed	-$2.76M	–	317
2025 Q1	$2.76M	Sell	17,500 -500	-3%	-$70K	0.35%	95
2024 Q4	$2.12M	Buy	+18,000	New	+$2.23M	0.24%	110
2024 Q2	–	Sell	-32,300	Closed	-$3.85M	–	240
2024 Q1	$3.85M	Sell	32,300 -72,700	-69%	-$8M	0.66%	47
2023 Q4	$11.6M	Buy	+105,000	New	+$12.8M	1.48%	13
2023 Q2	–	Sell	-30,000	Closed	-$4.37M	–	247
2023 Q1	$4.37M	Buy	30,000 +5,000	+20%	+$697K	0.6%	47
2022 Q4	$3.41M	Buy	+25,000	New	+$3.3M	0.52%	51
2019 Q4	–	Sell	-187,000	Closed	-$17M	–	324
2019 Q3	$17M	Buy	187,000 +52,000	+39%	+$4.77M	1.84%	3
2019 Q2	$11.5M	Buy	+135,000	New	+$10.2M	1.38%	6
2018 Q2	–	Sell	-15,000	Closed	-$1.03M	–	328
2018 Q1	$1.03M	Buy	+15,000	New	+$1.1M	0.06%	227
2015 Q3	–	Sell	-5,000	Closed	-$238K	–	170
2015 Q2	$238K	Buy	+5,000	New	+$253K	0.04%	150

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

K2 Principal Fund's FNV Position: Q1 2026 in Review

K2 Principal Fund reduced its Franco-Nevada (FNV) stake by 31% in Q1 2026, selling an estimated $959K and leaving 8,625 shares worth $2.13M. The position accounts for 0.15% of the portfolio, ranked #168.

K2 Principal Fund first reported a position in FNV in Q4 2014 and has held it in 7 quarters since. The position peaked at $2.59M in Q4 2025. 637 funds tracked by Wall St. Rank hold FNV as of Q1 2026.

K2 Principal Fund held 8,625 shares of Franco-Nevada worth $2.13M as of Q1 2026.
K2 Principal Fund sold 3,875 Franco-Nevada shares in Q1 2026, an estimated $959K.
Franco-Nevada made up 0.15% of K2 Principal Fund's portfolio in Q1 2026, its #168 holding.
K2 Principal Fund first reported a position in Franco-Nevada in Q4 2014 and has held it in 7 quarters since.
K2 Principal Fund's Franco-Nevada position peaked at $2.59M in Q4 2025.
637 funds tracked by Wall St. Rank held Franco-Nevada as of Q1 2026.

Based on K2 Principal Fund's 13F filing for Q1 2026, filed 14 May 2026.