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Mad River Investors’s Franco-Nevada FNV Stock Holding History

Mad River Investors’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
Q2 		$4.69M Sell
22,506
-1,084
-5% -$253K 1.75% 10
2026
Q1 		$5.83M Sell
23,590
-4
-0% -$990 2.1% 9
2025
Q4 		$4.89M Buy
23,594
+15
+0.1% +$3.04K 2.23% 10
2025
Q3 		$5.26M Sell
23,579
-474
-2% -$85.4K 2.25% 10
2025
Q2 		$3.94M Sell
24,053
-3,749
-13% -$621K 1.77% 10
2025
Q1 		$4.38M Sell
27,802
-4,549
-14% -$636K 1.86% 9
2024
Q4 		$3.8M Sell
32,351
-249
-0.8% -$30.8K 1.77% 10
2024
Q3 		$4.05M Buy
32,600
+46
+0.1% +$5.7K 2.25% 9
2024
Q2 		$3.86M Buy
32,554
+152
+0.5% +$18.5K 2.59% 9
2024
Q1 		$3.86M Sell
32,402
-599
-2% -$65.9K 2.68% 8
2023
Q4 		$3.66M Sell
33,001
-8,804
-21% -$1.07M 3.39% 7
2023
Q3 		$5.58M Sell
41,805
-74
-0.2% -$10.5K 3.95% 7
2023
Q2 		$6.11M Sell
41,879
-174
-0.4% -$26.1K 4.51% 7
2023
Q1 		$6.13M Buy
42,053
+2,761
+7% +$385K 4.32% 7
2022
Q4 		$5.36M Buy
39,292
+201
+0.5% +$26.5K 3.11% 6
2022
Q3 		$4.67M Buy
39,091
+601
+2% +$75.6K 3.4% 6
2022
Q2 		$5.07M Buy
38,490
+600
+2% +$88.7K 3.96% 6
2022
Q1 		$6.04M Sell
37,890
-2,225
-6% -$320K 4.67% 5
2021
Q4 		$5.55M Sell
40,115
-250
-0.6% -$34.6K 4.23% 5
2021
Q3 		$5.86M Hold
40,365
– – 3.76% 6
2021
Q2 		$5.86M Buy
40,365
+300
+0.7% +$43.4K 3.76% 6
2021
Q1 		$5.02M Buy
40,065
+100
+0.3% +$12K 3.35% 6
2020
Q4 		$5.01M Buy
39,965
+475
+1% +$64.1K 4.92% 6
2020
Q3 		$5.51M Sell
39,490
-1,025
-3% -$152K 7.01% 3
2020
Q2 		$5.66M Sell
40,515
-10
-0% -$1.33K 6.49% 3
2020
Q1 		$4.03M Sell
40,525
-250
-0.6% -$27.1K 6.18% 5
2019
Q4 		$4.21M Buy
40,775
+50
+0.1% +$4.83K 3.6% 9
2019
Q3 		$3.71M Buy
40,725
+19,425
+91% +$1.78M 3.61% 9
2019
Q2 		$1.81M Sell
21,300
-75
-0.4% -$5.67K 1.58% 14
2019
Q1 		$1.6M Buy
+21,375
New +$1.59M 1.42% 15

Other funds holding FNV

Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Massachusetts Financial Services
Massachusetts Financial Services Boston, Massachusetts $315B AUM 27.84% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return
First Eagle Investment Management
First Eagle Investment Management New York $60.8B AUM 26.63% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return
Capital World Investors
Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return
EIG
EdgePoint Investment Group Toronto, Ontario, Canada $13.2B AUM 32.43% 1-Year Est. Return

Mad River Investors's FNV Position: Q2 2026 in Review

Mad River Investors reduced its Franco-Nevada (FNV) stake by 4.6% in Q2 2026, selling an estimated $253K and leaving 22,506 shares worth $4.69M. The position accounts for 1.75% of the portfolio, ranked #10.

Mad River Investors first reported a position in FNV in Q1 2019 and has held it in 30 quarters since. The position peaked at $6.13M in Q1 2023. 660 funds tracked by Wall St. Rank hold FNV as of Q2 2026.

  • Mad River Investors held 22,506 shares of Franco-Nevada worth $4.69M as of Q2 2026.
  • Mad River Investors sold 1,084 Franco-Nevada shares in Q2 2026, an estimated $253K.
  • Franco-Nevada made up 1.75% of Mad River Investors's portfolio in Q2 2026, its #10 holding.
  • Mad River Investors first reported a position in Franco-Nevada in Q1 2019 and has held it in 30 quarters since.
  • Mad River Investors's Franco-Nevada position peaked at $6.13M in Q1 2023.
  • 660 funds tracked by Wall St. Rank held Franco-Nevada as of Q2 2026.

Based on Mad River Investors's 13F filing for Q2 2026, filed 3 Aug 2026.